<SEC-DOCUMENT>0001104659-13-049903.txt : 20130618
<SEC-HEADER>0001104659-13-049903.hdr.sgml : 20130618
<ACCEPTANCE-DATETIME>20130618152254
ACCESSION NUMBER:		0001104659-13-049903
CONFORMED SUBMISSION TYPE:	F-10
PUBLIC DOCUMENT COUNT:		104
FILED AS OF DATE:		20130618
DATE AS OF CHANGE:		20130618

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			New Gold Inc. /FI
		CENTRAL INDEX KEY:			0000800166
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		F-10
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-189418
		FILM NUMBER:		13919276

	BUSINESS ADDRESS:	
		STREET 1:		3110 - 666 BURRARD ST.
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 2X8
		BUSINESS PHONE:		(604) 696-4100

	MAIL ADDRESS:	
		STREET 1:		3110 - 666 BURRARD ST.
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 2X8

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DRC RESOURCES CORP                                      /FI
		DATE OF NAME CHANGE:	19860904
</SEC-HEADER>
<DOCUMENT>
<TYPE>F-10
<SEQUENCE>1
<FILENAME>a13-14720_1f10.htm
<DESCRIPTION>F-10
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">As filed with the Securities and Exchange Commission on June&nbsp;18, 2013</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Registration No.&nbsp;333&#150;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
<div style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 3.0pt;padding:1.0pt 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
</div>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="4" face="Times New Roman" style="font-size:14.0pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">WASHINGTON, D.C. 20549</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:4.0pt;">&nbsp;</font></p>
<div align="center" style="line-height:8.0pt;margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:4.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="4" face="Times New Roman" style="font-size:14.0pt;font-weight:bold;">FORM&nbsp;F-10</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">REGISTRATION STATEMENT UNDER</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THE SECURITIES ACT OF 1933</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:4.0pt;">&nbsp;</font></p>
<div align="center" style="line-height:8.0pt;margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:4.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="4" face="Times New Roman" style="font-size:14.0pt;font-weight:bold;">NEW GOLD INC.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(Exact name of each Registrant as specified in its charter)</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
<div align="center">
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">British   Columbia</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(Province or   other jurisdiction of</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">incorporation or   organization)</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">1000</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(Primary Standard   Industrial</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Classification   Code Number (if applicable))</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Not   Applicable</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(I.R.S. Employer   Identification No.,<br>   if applicable)</font></p>    </td>   </tr>  </table>
</div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:4.0pt;">&nbsp;</font></p>
<div align="center" style="line-height:8.0pt;margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:4.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Suite&nbsp;1800 Two Bentall Centre, 555 Burrard Street</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Vancouver, British Columbia, Canada V7X 1M9</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">(604) 696-4100</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(Address and telephone number of Registrant&#146;s principal executive offices)</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:4.0pt;">&nbsp;</font></p>
<div align="center" style="line-height:8.0pt;margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:4.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">CT Corporation System</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">111 Eighth Avenue, New York, NY 10011</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">(212) 894-8940</font></b><i><font size="1" style="font-size:8.0pt;font-style:italic;"><br>  </font></i><font size="1" style="font-size:8.0pt;">(Name, address (including zip code) and telephone number (including area code) of agent for service in the United States)</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:4.0pt;">&nbsp;</font></p>
<div align="center" style="line-height:8.0pt;margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:4.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Copies to:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
<div align="center">
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.94%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Brian Penny<br>    </font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;">Royal Bank Plaza, South Tower</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">200 Bay Street, Suite&nbsp;3120</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Toronto, Ontario, Canada M5J 2J4</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">(416) 324-6000</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.92%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Christopher J. Cummings</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Paul, Weiss, Rifkind, Wharton&nbsp;&amp; Garrison LLP</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Toronto-Dominion Centre</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">77 King Street West, Suite&nbsp;3100</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Toronto, Ontario, Canada M5K 1J3</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">(416) 504-0520</font></b></p>    </td>   </tr>  </table>
</div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:4.0pt;">&nbsp;</font></p>
<div align="center" style="line-height:8.0pt;margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:4.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Approximate date of commencement of proposed sale to the public: <b>As soon as practicable after this Registration Statement becomes effective.</b></font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Province of British Columbia, Canada</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(Principal jurisdiction regulating this offering)</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">It is proposed that this filing shall become effective (check appropriate box below):</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 40.5pt;text-indent:-40.5pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">A.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" face="Wingdings" style="font-size:8.0pt;">x</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">upon filing with the Commission pursuant to Rule&nbsp;467(a)&nbsp;(if in connection with an offering being made contemporaneously in the United States and Canada).</font></p>
<p style="margin:0in 0in .0001pt 40.5pt;text-indent:-40.5pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">B.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" face="Wingdings" style="font-size:8.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">at some future date (check the appropriate box below)</font></p>
<p style="margin:0in 0in .0001pt 40.5pt;text-indent:-40.5pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 58.5pt;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" face="Wingdings" style="font-size:8.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">pursuant to Rule&nbsp;467(b)&nbsp;on (&#160;&#160;&#160;&#160;&#160; ) at (&#160;&#160;&#160;&#160;&#160; ) (designate a time not sooner than 7 calendar days after filing).</font></p>
<p style="margin:0in 0in .0001pt 58.5pt;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">2.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" face="Wingdings" style="font-size:8.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">pursuant to Rule&nbsp;467(b)&nbsp;on (&#160;&#160;&#160;&#160;&#160; ) at (&#160;&#160;&#160;&#160;&#160; ) (designate a time 7 calendar days or sooner after filing) because the securities regulatory authority in the review jurisdiction has issued a receipt or notification of clearance on (&nbsp;&nbsp; ).</font></p>
<p style="margin:0in 0in .0001pt 58.5pt;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">3.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" face="Wingdings" style="font-size:8.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">pursuant to Rule&nbsp;467(b)&nbsp;as soon as practicable after notification of the Commission by the Registrant or the Canadian securities regulatory authority of the review jurisdiction that a receipt or notification of clearance has been issued with respect hereto.</font></p>
<p style="margin:0in 0in .0001pt 58.5pt;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">4.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" face="Wingdings" style="font-size:8.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="1" style="font-size:8.0pt;">after the filing of the next amendment to this Form&nbsp;(if preliminary material is being filed).</font></p>
<p style="margin:0in 0in .0001pt 58.5pt;text-indent:-.5in;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:22.5pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">If any of the securities being registered on this Form&nbsp;are to be offered on a delayed or continuous basis pursuant to the home jurisdiction&#146;s shelf prospectus offering procedures, check the following box. </font><font size="1" face="Wingdings" style="font-size:8.0pt;">o</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:5.0pt;font-weight:bold;">&nbsp;</font></b></p>
<div align="center" style="line-height:8.0pt;margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:3.0pt;font-weight:bold;">
<hr size="1" width="25%" noshade color="black" align="center">
</font></b></div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:5.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">CALCULATION OF REGISTRATION FEE</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="34%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:34.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Title&nbsp;of&nbsp;each&nbsp;class&nbsp;of<br>   securities&nbsp;to&nbsp;be&nbsp;registered</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="22%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:22.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Amount&nbsp;to&nbsp;be&nbsp;registered&nbsp;(1)</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="20%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:20.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Proposed&nbsp;maximum<br>   aggregate&nbsp;offering&nbsp;price&nbsp;(2)</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="15%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:15.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Amount&nbsp;of<br>   registration&nbsp;fee</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="34%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:34.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">Common   Shares</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="22%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:22.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">26,000,000</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:4.08%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">US$</font></p>    </td>
<td width="15%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:15.92%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">30,685,504.84</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="3%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:3.92%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">US$</font></p>    </td>
<td width="11%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.08%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">4185.50</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr height="0">
<td width="258" style="border:none;"></td>
<td width="19" style="border:none;"></td>
<td width="165" style="border:none;"></td>
<td width="19" style="border:none;"></td>
<td width="31" style="border:none;"></td>
<td width="119" style="border:none;"></td>
<td width="19" style="border:none;"></td>
<td width="29" style="border:none;"></td>
<td width="83" style="border:none;"></td>
<td width="7" style="border:none;"></td>   </tr> </table>
<p style="margin:0in 0in .0001pt 12.25pt;text-indent:-12.25pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 12.25pt;text-indent:-12.25pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(1)&nbsp;Represents the maximum number of common shares of the Registrant issuable upon consummation of the exchange offer.</font></p>
<p style="margin:0in 0in .0001pt 12.25pt;text-indent:-12.25pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 12.25pt;text-indent:-12.25pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">(2)&nbsp;Estimated solely for the purpose of calculating the registration fee in accordance with General Instruction II.H to Form&nbsp;F-10. The proposed maximum offering price is equal to (a)&nbsp;the product of (i)&nbsp;Cdn.$2.25 (US$2.21), which is the average of the high and low sale prices of Rainy River common shares as reported on the Toronto Stock Exchange on May&nbsp;21, 2013, and (ii)&nbsp;103,477,604 which is the estimated number of outstanding Rainy River common shares as of May&nbsp;31, 2013, assuming full conversion of all exercisable options for Rainy River common shares, less (b)&nbsp;Cdn$198 million (US$194,079,600), the aggregate amount of cash payable by New Gold in the exchange offer.&#160; For purposes of this calculation, the noon rate of exchange as reported by the Bank of Canada for one U.S. dollar expressed in Canadian dollars on June&nbsp;12, 2013 is 1.0202.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:8.0pt;">If, as a result of stock splits, stock dividends or similar transactions, the number of securities purported to be registered on this Registration Statement changes, the provisions of Rule&nbsp;416 shall apply to this Registration Statement.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
<div style="border-bottom:solid windowtext 3.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:1.0pt 0in 1.0pt 0in;">
<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
</div>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:7.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\rcheney\13-14720-1\task6101674\14720-1-ba-01.htm',USER='rcheney',CD='Jun 18 10:42 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PART&nbsp;I</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">INFORMATION REQUIRED TO BE</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">DELIVERED TO OFFEREES OR PURCHASERS</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 1. Home Jurisdiction Document</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Offer and Circular dated June&nbsp;18, 2013, including the Letter of Transmittal, the Notice of Guaranteed Delivery and the letter sent to Rainy River shareholders in connection with the exchange offer.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 3. Informational Legends</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">See the outside front cover page&nbsp;and the inside front cover page&nbsp;of the Offer and Circular.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 4. Incorporation of Certain Information by Reference</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">See &#147;Documents Incorporated by Reference&#148; in Section&nbsp;23 of the Circular.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 5. List of Documents Filed with the Commission.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">See &#147;Registration Statement Filed with the SEC&#148; in Section&nbsp;24 of the Circular.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-1<a name="PB_1_074209_7056"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='II-1',FILE='C:\JMS\rcheney\13-14720-1\task6101674\14720-1-ba-01.htm',USER='rcheney',CD='Jun 18 10:42 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PART&nbsp;II</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">INFORMATION NOT REQUIRED TO BE DELIVERED<br> TO OFFEREES OR PURCHASERS</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Indemnification</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Registrant is subject to the provisions of the&nbsp;<i>Business Corporations Act&nbsp;</i>(British Columbia) (the &#147;<b>Act</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under Section&nbsp;160 of the Act, an individual who:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">is or was a director or officer of the Registrant,</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">is or was a director or officer of another corporation (i)&nbsp;at a time when the corporation is or was an affiliate of the Registrant, or (ii)&nbsp;at the request of the Registrant, or</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">at the request of the Registrant, is or was, or holds or held a position equivalent to that of, a director or officer of a partnership, trust, joint venture or other unincorporated entity,</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">and includes, except in the definition of &#147;eligible proceeding&#148; and except in sections 163(1)(c)&nbsp;and (d)&nbsp;and 165 of the Act,&#160; the heirs and personal or other legal representatives of that individual (collectively, an &#147;<b>eligible party</b>&#148;), may be indemnified by the Registrant against all eligible penalties (as defined herein) to which the eligible party is or may be liable. Section&nbsp;160 of the Act also permits the Registrant to pay the expenses actually and reasonably incurred by an eligible party after the final disposition of the eligible proceeding (as defined herein).</font></p>
<p style="margin:0in 0in .0001pt .25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under Section&nbsp;159 of the Act, an &#147;eligible penalty&#148; is defined as a judgment, penalty or fine awarded or imposed in, or an amount paid in settlement of, an eligible proceeding.&#160; An &#147;eligible proceeding&#148; means a proceeding (as defined herein) in which an eligible party or any of the heirs and personal or other legal representatives of the eligible party, by reason of the eligible party being or having been a director or officer of, or holding or having held a position equivalent to that of a director or officer of, the Registrant or an associated corporation, (a)&nbsp;is or may be joined as a party, or (b)&nbsp;is or may be liable for or in respect of a judgment, penalty or fine in, or expenses related to, the proceeding. A &#147;proceeding&#148; includes any legal proceeding or investigative action, whether current, threatened, pending or completed.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under Section&nbsp;161 of the Act, and subject to Section&nbsp;163 of the Act, the Registrant must, after the final disposition of an eligible proceeding, pay the expenses actually and reasonably incurred by the eligible party in respect of that proceeding if the eligible party (a)&nbsp;has not been reimbursed for those expenses, and (b)&nbsp;is wholly successful, on the merits or otherwise, in the outcome of the proceeding or is substantially successful on the merits in the outcome of the proceeding.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under Section&nbsp;162 of the Act, and subject to Section&nbsp;163 of the Act, the Registrant may pay, as they are incurred in advance of the final disposition of an eligible proceeding, the expenses actually and reasonably incurred by an eligible party in respect of that proceeding; provided the Registrant must not make such payments unless it first receives from the eligible party a written undertaking that, if it is ultimately determined that the payment of expenses is prohibited by Section&nbsp;163, the eligible party will repay the amounts advanced.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-2<a name="PB_2_074227_5335"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='II-2',FILE='C:\JMS\rcheney\13-14720-1\task6101674\14720-1-ba-01.htm',USER='rcheney',CD='Jun 18 10:42 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under Section&nbsp;163 of the Act, the Registrant must not indemnify an eligible party against eligible penalties to which the eligible party is or may be liable or pay the expenses of an eligible party in respect of that proceeding under Sections 160, 161 or 162 of the Act, as the case may be, if any of the following circumstances apply:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">if the indemnity or payment is made under an earlier agreement to indemnify or pay expenses and, at the time that the agreement to indemnify or pay expenses was made, the Registrant was prohibited from giving the indemnity or paying the expenses by its memorandum or articles;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">if the indemnity or payment is made otherwise than under an earlier agreement to indemnify or pay expenses and, at the time that the indemnity or payment is made, the Registrant is prohibited from giving the indemnity or paying the expenses by its memorandum or articles;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">if, in relation to the subject matter of the eligible proceeding, the eligible party did not act honestly and in good faith with a view to the best interests of the Registrant or the associated corporation, as the case may be; or</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">in the case of an eligible proceeding other than a civil proceeding, if the eligible party did not have reasonable grounds for believing that the eligible party&#146;s conduct in respect of which the proceeding was brought was lawful.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If an eligible proceeding is brought against an eligible party by or on behalf of the Registrant or by or on behalf of an associated corporation, the Registrant must not either indemnify the eligible party against eligible penalties to which the eligible party is or may be liable in respect of the proceeding, or, after the final disposition of an eligible proceeding, pay the expenses of the eligible party under Sections 160, 161 or 162 of the Act in respect of the proceeding.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Despite any other provision and whether or not payment of expenses or indemnification has been sought, authorized or declined under Section&nbsp;164 of the Act, the Supreme Court of British Columbia may, on application of the Registrant or an eligible party,</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">order the Registrant to indemnify an eligible party against any liability incurred by the eligible party in respect of an eligible proceeding;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">order the Registrant to pay some or all of the expenses incurred by an eligible party in respect of an eligible proceeding;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">order the enforcement of, or any payment under, an agreement of indemnification entered into by the Registrant;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">order the Registrant to pay some or all of the expenses actually and reasonably incurred by any person in obtaining an order under this section;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">make any other order the court considers appropriate.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The articles of a company may affect its power or obligation to give an indemnity or pay expenses. As indicated above, this is subject to the overriding power of the Supreme Court of British Columbia under Section&nbsp;164 of the Act.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under the articles of New Gold Inc., the Registrant must indemnify a director, former director or alternate director of the Registrant and his or her heirs and legal personal</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-3<a name="PB_3_074242_5796"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='II-3',FILE='C:\JMS\rcheney\13-14720-1\task6101674\14720-1-ba-01.htm',USER='rcheney',CD='Jun 18 10:42 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">representatives against all eligible penalties to which such person is or may be liable, and the Registrant must, after the final disposition of an eligible proceeding, pay the expenses actually and reasonably incurred by such person in respect of that proceeding. Each director and alternate director is deemed to have contracted with the Registrant on the terms of the indemnity contained in this section of the articles.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subject to any restrictions in the Act, the Registrant may indemnify any person.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The failure of a director, alternate director or officer of the Registrant to comply with the Act or the articles of the Registrant does not invalidate any indemnity to which he or she is entitled under the articles.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For the purposes of the articles, an &#147;eligible penalty&#148; means a judgment, penalty or fine awarded or imposed in, or an amount paid in settlement of, an eligible proceeding.&#160; An &#147;eligible proceeding&#148; means a legal proceeding or investigative action, whether current, threatened, pending or completed, in which a director, former director or alternate director of the Registrant (an &#147;eligible party&#148;) or any of the heirs and personal or other legal representatives of the eligible party, by reason of the eligible party being or having been a director or alternate director of the Registrant, (a)&nbsp;is or may be joined as a party, or (b)&nbsp;is or may be liable for or in respect of a judgment, penalty or fine in, or expenses related to, the proceeding.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under the articles, the Registrant may purchase and maintain insurance for the benefit of any person (or his or her heirs or legal personal representatives) who:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">is or was a director, alternate director, officer, employee or agent of the Registrant;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">is or was a director, alternate director, officer, employee or agent of a corporation at a time when the corporation is or was an affiliate of the Registrant;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">at the request of the Registrant, is or was a director, alternate director, officer, employee or agent of a corporation or of a partnership, trust, joint venture or other unincorporated entity;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">at the request of the Registrant, holds or held a position equivalent to that of a director, alternate director or officer of a partnership, trust, joint venture or other unincorporated entity;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">against any liability incurred by him or her as such director, alternate director, officer, employee or agent or person who holds or held such equivalent position.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Insofar as indemnification for liabilities arising under the Securities Act of 1933, as amended (the &#147;1933 Act&#148;), may be permitted to directors, officers or persons controlling the Registrant pursuant to the foregoing provisions, the Registrant has been informed that in the opinion of the U.S. Securities and Exchange Commission such indemnification is against public policy as expressed in the 1933 Act and is therefore unenforceable.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-4<a name="PB_4_074252_2897"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='II-4',FILE='C:\JMS\rcheney\13-14720-1\task6101674\14720-1-ba-01.htm',USER='rcheney',CD='Jun 18 10:42 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBITS</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="8%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Exhibit<br>   Number</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="89%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:89.86%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Description</font></b></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.1</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Offer   and Circular</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.2</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Letter   of Transmittal</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.3</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notice   of Guaranteed Delivery</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.4</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Letter   sent to Rainy River shareholders</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.5</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">News   Release relating to the signing of the Acquisition Agreement (incorporated by   reference to the Registrant&#146;s Rule&nbsp;425 Prospectus filed with the   Securities and Exchange Commission on May&nbsp;31, 2013)</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.6</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">News   Release relating to the formal commencement of the take-over bid   (incorporated by reference to the Registrant&#146;s Rule 425 Prospectus filed with   the Securities and Exchange Commission on June 18, 2013)</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.1</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Acquisition   Agreement dated May&nbsp;31, 2013, between New Gold Inc. and Rainy River   Resources Ltd.</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.2</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lock-Up   Agreement dated May&nbsp;30, 2013 between New Gold Inc. and Dale Peniuk</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.3</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lock-Up   Agreement dated May&nbsp;30, 2013 between New Gold Inc. and James Excell</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.4</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lock-Up   Agreement dated May&nbsp;30, 2013 between New Gold Inc. and Leo Berezan</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.5</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lock-Up   Agreement dated May&nbsp;30, 2013 between New Gold Inc. and Nicholas   Nikolakakis</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.6</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lock-Up   Agreement dated May&nbsp;30, 2013 between New Gold Inc. and Michael Mutchler</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.7</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lock-Up   Agreement dated May&nbsp;30, 2013 between New Gold Inc. and Stuart Averill</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.8</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lock-Up   Agreement dated May&nbsp;30, 2013 between New Gold Inc. and Gerald Shields</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.9</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amended   Lock-Up Agreement dated May&nbsp;31, 2013 between New Gold Inc. and Raymond   Threlkeld</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.10</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lock-Up   Agreement dated May&nbsp;30, 2013 between New Gold Inc. and Garett Macdonald</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.11</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lock-Up   Agreement dated May&nbsp;30, 2013 between New Gold Inc. and Kerry Sparkes</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.12</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lock-Up   Agreement dated May&nbsp;30, 2013 between New Gold Inc. and Kyle Stanfield</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.13</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lock-Up   Agreement dated May&nbsp;30, 2013 between New Gold Inc. and Richard Pettit</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.1</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   Registrant&#146;s Annual Information Form&nbsp;for the year ended   December&nbsp;31, 2012 (incorporated by reference to the Registrant&#146;s Annual   Report on Form&nbsp;40-F filed with the Securities and Exchange Commission on   March&nbsp;28, 2013)</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.2</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   Registrant&#146;s Audited Consolidated Financial Statements for the years ended   December&nbsp;31, 2012 and 2011, including the reports of the auditor with   respect thereto (incorporated by reference to the Registrant&#146;s Annual Report   on Form&nbsp;40-F filed with the Securities and Exchange Commission on   March&nbsp;28, 2013)</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.3</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   Registrant&#146;s Management&#146;s Discussion and Analysis for the year ended   December&nbsp;31, 2012 (incorporated by reference to the Registrant&#146;s Annual   Report on Form&nbsp;40-F filed with the Securities and Exchange Commission on   March&nbsp;28, 2013)</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.4</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   Registrant&#146;s Interim Consolidated Financial Statements for the three months   ended March&nbsp;31, 2013</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.5</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   Registrant&#146;s Management&#146;s Discussion and Analysis for the three Months ended   March&nbsp;31, 2013</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.6</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   Registrant&#146;s Management Information Circular dated March&nbsp;22, 2013</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.7</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   Registrant&#146;s Material Change Report dated May&nbsp;16, 2013</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.8</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   Registrant&#146;s Material Change Report dated June&nbsp;6, 2013</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.1</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Deloitte LLP</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.2</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Herbert E. Welhener</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.3</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Bruno Borntraeger</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.4</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Ignacy (Tony) Lipiec</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.5</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Ramon Mendoza Reyes</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.6</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Neil N. Gow</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.7</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of A. Paul Hampton</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.8</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Roscoe Postle Associates Inc.</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.9</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of David Rennie</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-5<a name="PB_5_074332_3020"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='II-5',FILE='C:\JMS\rcheney\13-14720-1\task6101674\14720-1-ba-01.htm',USER='rcheney',CD='Jun 18 10:42 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.10</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Dennis Bergen</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.11</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Kevin Scott</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.12</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Richard Lambert</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.13</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Holger Krutzelmann</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.14</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Christopher Moreton</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.15</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Wayne Valliant</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.16</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Ronald G. Simpson</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.17</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of GeoSim Services Inc.</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.18</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Mark Petersen</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.19</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Lee P. Gochnour</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.20</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Ian T. Blakley</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.21</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Garett Macdonald</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.22</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Kerry Sparkes</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.23</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of SRK Consulting (Canada) Inc.</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.24</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Cassels Brock&nbsp;&amp; Blackwell LLP</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.1</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Powers   of Attorney (included in this Registration Statement under &#147;Signatures&#148;)</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-6<a name="PB_6_074339_7748"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='II-6',FILE='C:\JMS\rcheney\13-14720-1\task6101674\14720-1-ba-01.htm',USER='rcheney',CD='Jun 18 10:42 2013' -->


<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PART&nbsp;III</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">UNDERTAKING AND CONSENT TO SERVICE OF PROCESS</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 1.&#160; Undertaking</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Registrant undertakes to make available, in person or by telephone, representatives to respond to inquiries made by the Commission staff, and to furnish promptly, when requested to do so by the Commission staff, information relating to the securities registered pursuant to Form&nbsp;F-10 or to transactions in said securities.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 2.&#160; Consent to Service of Process</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Concurrent with the filing of this Registration Statement, the Registrant has filed with the Commission a written irrevocable consent and power of attorney on Form&nbsp;F-X.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any change to the name or address of the agent for service of process of the Registrant shall be communicated promptly to the Securities and Exchange Commission by an amendment to the Form&nbsp;F-X referencing the file number of this Registration Statement.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">III-1<a name="PB_1_074510_141"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='III-1',FILE='C:\JMS\rcheney\13-14720-1\task6101674\14720-1-ba-03.htm',USER='rcheney',CD='Jun 18 10:42 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURES</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form&nbsp;F-10 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toronto, Province of Ontario, Country of Canada, on June 18, 2013.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NEW   GOLD INC.</font></b></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="45%" valign="top" style="padding:0in 0in 0in 0in;width:45.58%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>    </td>
<td width="45%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:45.58%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   Brian Penny</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="45%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:45.58%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:   Brian Penny</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="45%" valign="top" style="padding:0in 0in 0in 0in;width:45.58%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:   Executive Vice President and Chief Financial Officer</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">POWERS OF ATTORNEY</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each person whose signature appears below hereby constitutes and appoints Brian Penny and Hannes Portmann, and each of them, any of whom may act without the joinder of the other, the true and lawful attorney-in-fact and agent of the undersigned, with full power of substitution and resubstitution, for and in the name, place and stead of the undersigned, in any and all capacities, to sign any and all amendments to this Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, and hereby grants to such attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities indicated on June 18, 2013.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="35%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Signature</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="62%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:62.92%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Capacity</font></b></p>    </td>   </tr>
<tr>
<td width="35%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:35.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="62%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:62.92%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   Robert Gallagher</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">President,   Chief Executive Officer and Director </font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Robert   Gallagher</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Principal   Executive Officer)</font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   Brian Penny</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Executive   Vice President and Chief Financial Officer </font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Brian   Penny</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Principal   Financial and Accounting Officer)</font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   Randall Oliphant</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Executive   Chairman and Director</font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Randall   Oliphant</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   David Emerson</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   Honourable David Emerson</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">III-2<a name="PB_2_074825_8146"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='III-2',FILE='C:\JMS\rcheney\13-14720-1\task6101674\14720-1-ba-03.htm',USER='rcheney',CD='Jun 18 10:42 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="35%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Signature</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="62%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:62.92%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Capacity</font></b></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   James Estey</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lead   Director</font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">James   Estey</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   Vahan Kololian</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vahan   Kololian</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   Martyn Konig</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Martyn   Konig</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   Pierre Lassonde</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pierre   Lassonde</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>    </td>   </tr>
<tr>
<td width="35%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Raymond   Threlkeld</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="62%" valign="top" style="padding:0in 0in 0in 0in;width:62.92%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">III-3<a name="PB_3_074846_7091"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='III-3',FILE='C:\JMS\rcheney\13-14720-1\task6101674\14720-1-ba-03.htm',USER='rcheney',CD='Jun 18 10:42 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">AUTHORIZED REPRESENTATIVE</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the requirements of Section&nbsp;6(a)&nbsp;of the Securities Act of 1933, the Authorized Representative has duly caused this Registration Statement to be signed on its behalf by the undersigned, solely in its capacity as the duly authorized representative of New Gold Inc. in the United States, on June 18, 2013.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WESTERN MESQUITE MINES,&nbsp;INC.</font></b></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="46%" valign="top" style="padding:0in 0in 0in 0in;width:46.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="46%" valign="top" style="padding:0in 0in 0in 0in;width:46.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>    </td>
<td width="46%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:46.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   Brian Penny</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="46%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:46.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:   Brian Penny</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="46%" valign="top" style="padding:0in 0in 0in 0in;width:46.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:   Director</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">III-4<a name="PB_4_074915_455"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='III-4',FILE='C:\JMS\rcheney\13-14720-1\task6101674\14720-1-ba-03.htm',USER='rcheney',CD='Jun 18 10:42 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT&nbsp;INDEX</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="8%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Exhibit<br>   Number</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="89%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:89.86%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Description</font></b></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.1</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Offer   and Circular</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.2</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Letter   of Transmittal</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.3</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notice   of Guaranteed Delivery</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.4</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Letter   sent to Rainy River shareholders</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.5</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">News   Release relating to the signing of the Acquisition Agreement (incorporated by   reference to the Registrant&#146;s Rule&nbsp;425 Prospectus filed with the   Securities and Exchange Commission on May&nbsp;31, 2013)</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.6</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">News   Release relating to the formal commencement of the take-over bid   (incorporated by reference to the Registrant&#146;s Rule 425 Prospectus filed with   the Securities and Exchange Commission on June 18, 2013)</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.1</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Acquisition   Agreement dated May&nbsp;31, 2013, between New Gold Inc. and Rainy River   Resources Ltd.</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.2</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lock-Up   Agreement dated May&nbsp;30, 2013 between New Gold Inc. and Dale Peniuk</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.3</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lock-Up   Agreement dated May&nbsp;30, 2013 between New Gold Inc. and James Excell</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.4</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lock-Up   Agreement dated May&nbsp;30, 2013 between New Gold Inc. and Leo Berezan</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.5</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lock-Up   Agreement dated May&nbsp;30, 2013 between New Gold Inc. and Nicholas   Nikolakakis</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.6</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lock-Up   Agreement dated May&nbsp;30, 2013 between New Gold Inc. and Michael Mutchler</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.7</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lock-Up   Agreement dated May&nbsp;30, 2013 between New Gold Inc. and Stuart Averill</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.8</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lock-Up   Agreement dated May&nbsp;30, 2013 between New Gold Inc. and Gerald Shields</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.9</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Amended   Lock-Up Agreement dated May&nbsp;31, 2013 between New Gold Inc. and Raymond   Threlkeld</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.10</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lock-Up   Agreement dated May&nbsp;30, 2013 between New Gold Inc. and Garett Macdonald</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.11</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lock-Up   Agreement dated May&nbsp;30, 2013 between New Gold Inc. and Kerry Sparkes</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.12</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lock-Up   Agreement dated May&nbsp;30, 2013 between New Gold Inc. and Kyle Stanfield</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.13</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lock-Up   Agreement dated May&nbsp;30, 2013 between New Gold Inc. and Richard Pettit</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.1</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   Registrant&#146;s Annual Information Form&nbsp;for the year ended   December&nbsp;31, 2012 (incorporated by reference to the Registrant&#146;s Annual   Report on Form&nbsp;40-F filed with the Securities and Exchange Commission on   March&nbsp;28, 2013)</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.2</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   Registrant&#146;s Audited Consolidated Financial Statements for the years ended   December&nbsp;31, 2012 and 2011, including the reports of the auditor with   respect thereto (incorporated by reference to the Registrant&#146;s Annual Report on   Form&nbsp;40-F filed with the Securities and Exchange Commission on   March&nbsp;28, 2013)</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.3</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   Registrant&#146;s Management&#146;s Discussion and Analysis for the year ended   December&nbsp;31, 2012 (incorporated by reference to the Registrant&#146;s Annual   Report on Form&nbsp;40-F filed with the Securities and Exchange Commission on   March&nbsp;28, 2013)</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.4</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   Registrant&#146;s Interim Consolidated Financial Statements for the three months   ended March&nbsp;31, 2013</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.5</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   Registrant&#146;s Management&#146;s Discussion and Analysis for the three Months ended   March&nbsp;31, 2013</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.6</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   Registrant&#146;s Management Information Circular dated March&nbsp;22, 2013</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.7</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   Registrant&#146;s Material Change Report dated May&nbsp;16, 2013</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.8</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   Registrant&#146;s Material Change Report dated June&nbsp;6, 2013</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.1</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Deloitte LLP</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.2</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Herbert E. Welhener</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.3</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Bruno Borntraeger</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.4</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Ignacy (Tony) Lipiec</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.5</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Ramon Mendoza Reyes</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.6</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Neil N. Gow</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.7</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of A. Paul Hampton</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.8</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Roscoe Postle Associates Inc.</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.9</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of David Rennie</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">III-5<a name="PB_5_235451_7056"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='III-5',FILE='C:\JMS\rcheney\13-14720-1\task6101674\14720-1-ba-03.htm',USER='rcheney',CD='Jun 18 10:42 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.10</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Dennis Bergen</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.11</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Kevin Scott</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.12</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Richard Lambert</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.13</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Holger Krutzelmann</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.14</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Christopher Moreton</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.15</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Wayne Valliant</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.16</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Ronald G. Simpson</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.17</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of GeoSim Services Inc.</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.18</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Mark Petersen</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.19</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Lee P. Gochnour</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.20</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Ian T. Blakley</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.21</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Garett Macdonald</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.22</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Kerry Sparkes</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.23</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of SRK Consulting (Canada) Inc.</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.24</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent   of Cassels Brock&nbsp;&amp; Blackwell LLP</font></p>    </td>   </tr>
<tr>
<td width="8%" valign="top" style="padding:0in 0in 0in 0in;width:8.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.1</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="89%" valign="top" style="padding:0in 0in 0in 0in;width:89.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Powers   of Attorney (included in this Registration Statement under &#147;Signatures&#148;)</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">III-6<a name="PB_6_235459_5335"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='III-6',FILE='C:\JMS\rcheney\13-14720-1\task6101674\14720-1-ba-03.htm',USER='rcheney',CD='Jun 18 10:42 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1.1
<SEQUENCE>2
<FILENAME>a13-14720_1ex1d1.htm
<DESCRIPTION>EX-1.1
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 1.1</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">This document is important and requires your immediate attention. If you are in doubt as to how to deal with it, you should consult your investment advisor, stockbroker, bank manager, trust company manager, accountant, lawyer or other professional advisor.</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">This document does not constitute an offer or a solicitation to any person in any jurisdiction in which such offer or solicitation is unlawful. The Offer is not being made to, nor will deposits be accepted from or on behalf of, Shareholders in any jurisdiction in which the making or acceptance of the Offer would not be in compliance with the laws of such jurisdiction. However, New Gold may, in New Gold&#146;s sole discretion, take such action as New Gold may deem necessary to extend the Offer to Shareholders in any such jurisdiction.</font></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">The Offer has not been approved or disapproved by any securities regulatory authority, nor has any securities regulatory authority passed upon the fairness or merits of the Offer or upon the adequacy of the information contained in this document. Any representation to the contrary is an&nbsp;offence.</font></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Information has been incorporated by reference in the Offer and Circular from documents filed with securities commissions or similar authorities in Canada.</font></i></b><i><font size="2" style="font-size:10.0pt;font-style:italic;"> Copies of the documents incorporated herein by reference may be obtained on request without charge from the Corporate Secretary of New Gold at Suite&nbsp;3120, 200 Bay Street, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J4, telephone 416-324-6000, and are also available electronically on SEDAR at www.sedar.com.</font></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;18, 2013</font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="322" height="89" src="g147201ka01i001.jpg" alt="GRAPHIC"></font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NEW GOLD INC.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">OFFER TO PURCHASE</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">all of the outstanding common shares of</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RAINY RIVER RESOURCES LTD.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">on the basis of, at the election of each holder,</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(a)&nbsp;C$3.83 in cash, or (b)&nbsp;</font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">0.5</font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;"> of a common share of New Gold Inc.,</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">for each common share of Rainy River Resources Ltd.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">subject, in each case, to pro ration as set out herein</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold Inc. (&#147;<b>New Gold</b>&#148;) hereby offers, upon and subject to the terms and conditions set out herein (the&nbsp;&#147;<b>Offer</b>&#148;), to purchase all of the issued and outstanding common shares (&#147;<b>Shares</b>&#148;) of Rainy River Resources Ltd. (&#147;<b>Rainy River</b>&#148;) together with any associated rights issued under Rainy River&#146;s shareholder rights plan (&#147;<b>SRP Rights</b>&#148;), including all Shares that may become issued and outstanding after the date of the Offer but before the Expiry Time (as&nbsp;defined below) upon the exercise, exchange or conversion of the Options or Warrants (as such terms are defined in the Circular) or any other outstanding rights.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The Offer is open for acceptance until 5:00&nbsp;p.m. (Toronto time) on July&nbsp;</font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">24</font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">, 2013 </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">(the&nbsp;&#147;Expiry Time&#148;), unless the Offer is extended or&nbsp;withdrawn.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each holder of Shares (a&nbsp;&#147;<b>Shareholder</b>&#148;) may elect the Cash Option or the Share Option (as&nbsp;such terms are defined in the Offer) in respect of all of the Shareholder&#146;s Shares deposited under the Offer (and may not apportion the Shareholder&#146;s Shares between such consideration alternatives). The maximum amount of cash available under the Offer is approximately $198 million and the maximum number of common shares (&#147;<b>New Gold Shares</b>&#148;) of New Gold available for issuance under the Offer is approximately 25.8 million New Gold Shares (based on the number of Shares outstanding on a fully-diluted basis (as such term is defined in the Circular) as at May&nbsp;30, 2013). See Section&nbsp;1 of the Offer, &#147;The&nbsp;Offer&#148;.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The board of directors of Rainy River (the&nbsp;&#147;Rainy River Board&#148;), after consultation with its financial and legal advisors and following receipt of a unanimous recommendation of the special committee of the Rainy River Board (the&nbsp;&#147;Special Committee&#148;), has unanimously determined that the Offer is in the best interests of Rainy River and the Shareholders and UNANIMOUSLY RECOMMENDS that Shareholders accept the Offer and tender their Shares to the&nbsp;Offer.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-01.htm',USER='105732',CD='Jun 18 06:48 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Shares are listed on the Toronto Stock Exchange (the&nbsp;&#147;<b>TSX</b>&#148;) under the trading symbol &#147;RR&#148;. The closing price of the Shares on the TSX was $2.70 on May&nbsp;30, 2013, the last trading day prior to the announcement of New Gold&#146;s intention to make the Offer. <b>The Offer represents a premium of </b><b><font style="font-weight:bold;">67</font>% to the volume weighted average price of the Shares on the TSX for the 20-day period ended May&nbsp;30, 2013.</b></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Prior to the execution of the Acquisition Agreement (as defined below), each of BMO Nesbitt Burns Inc. (&#147;<b>BMO</b>&#148;) and CIBC World Markets Inc. (&#147;<b>CIBC</b>&#148;) delivered a separate verbal fairness opinion addressed to the Special Committee and the Rainy River Board to the effect that, as of the date of the opinion and based on and subject to the assumptions, limitations and qualifications stated at the time of delivering such opinion, the consideration to be received under the Offer is fair, from a financial point of view, to Shareholders. Additionally, each of BMO and CIBC has delivered a separate written fairness opinion, in the case of the BMO opinion, addressed to the Rainy River Board, and in the case of the CIBC opinion, addressed to the Special Committee and the Rainy River Board, dated as of May&nbsp;30, 2013, to the effect that, as of the date of the opinion and based on and subject to the assumptions, limitations and qualifications set out in such opinion, the consideration to be received under the Offer is fair, from a financial point of view, to Shareholders. For further information, see the Directors&#146; Circular (as&nbsp;such term is defined in the Circular) issued by the Rainy River Board accompanying the&nbsp;Offer.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold and Rainy River entered into an acquisition agreement dated May&nbsp;31, 2013 (the&nbsp;&#147;<b>Acquisition Agreement</b>&#148;), pursuant to which, among other things and subject to the conditions set out therein, New Gold has agreed to make the Offer and Rainy River has agreed to support the Offer and not solicit any competing Acquisition Proposal (as&nbsp;such term is defined in the Circular). See Section&nbsp;6 of the Circular, &#147;Acquisition Agreement&#148;. New Gold is also a party to lock-up agreements dated May&nbsp;31, 2013, as may be amended (the&nbsp;&#147;<b>Lock-Up Agreements</b>&#148;), with all of the directors and officers of Rainy River (collectively, the &#147;<b>Locked-Up Shareholders</b>&#148;), pursuant to which each Locked-Up Shareholder has agreed, subject to certain exceptions, to support the Offer and to accept the Offer and deposit or cause to be deposited under the Offer and not withdraw all of the Shares beneficially owned or acquired by the Locked-Up Shareholder (including Shares issuable on exercise of Options). The aggregate number of Shares beneficially owned by the Locked-Up Shareholders and subject to the Lock-Up Agreements represents approximately 4.8% of the Shares on a fully-diluted basis. See Section&nbsp;7 of the Circular, &#147;Lock-Up Agreements&#148;.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Offer is conditional on, among other things, there having been validly deposited under the Offer and not withdrawn at the Expiry Time such number of Shares which constitutes at least 66</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">2</font><font size="2" style="font-size:10.0pt;">/</font><font size="1" style="font-size:6.5pt;position:relative;top:1.0pt;">3</font><font size="2" style="font-size:10.0pt;">% of the Shares outstanding at the Expiry Time on a fully-diluted basis. This and the other conditions of the Offer are described in Section&nbsp;4 of the Offer, &#147;Conditions of the Offer&#148;. Subject to applicable Laws (as&nbsp;such term is defined in the Circular), New Gold reserves the right to withdraw the Offer and to not take up and pay for any Shares deposited under the Offer if any condition of the Offer is not satisfied or waived at or prior to the Expiry&nbsp;Time.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders who wish to accept the Offer must properly complete and duly execute the accompanying Letter of Transmittal (printed on YELLOW paper), or a manually executed facsimile thereof, and deposit it, at or prior to the Expiry Time, together with certificate(s)&nbsp;or DRS Advice(s)&nbsp;(as such term is defined in the Circular) representing their Shares and all other required documents, with Computershare Trust Company of Canada (the&nbsp;&#147;<b>Depositary</b>&#148;) at its office in Toronto, Ontario specified in the Letter of Transmittal, in accordance with the instructions in the Letter of Transmittal. Shareholders may also accept the Offer by following the procedure for guaranteed delivery set forth in Section&nbsp;3 of the Offer, &#147;Manner of Acceptance&nbsp;&#151; Procedure for Guaranteed Delivery&#148;, using the accompanying Notice of Guaranteed Delivery (printed on PINK paper). Alternatively, Shareholders may accept the Offer by following the procedures for book-entry transfer of Shares set forth in Section&nbsp;3 of the Offer, &#147;Manner of Acceptance&nbsp;&#151; Acceptance by Book-Entry Transfer&#148;.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Persons whose Shares are registered in the name of an investment advisor, stockbroker, bank, trust company or other nominee should contact such nominee for assistance if they wish to accept the Offer in order to take the necessary steps to be able to deposit such Shares under the Offer. Intermediaries likely have established tendering cut-off times that are up to 48&nbsp;hours prior to the Expiry Time. Shareholders must instruct their brokers or other intermediaries promptly if they wish to&nbsp;tender.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">All payments under the Offer will be made in Canadian dollars. Shareholders will not be required to pay any fee or commission if they accept the Offer by depositing their Shares directly with the&nbsp;Depositary.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Questions and requests for assistance may be directed to the Depositary or the information agent for the Offer, Kingsdale Shareholder Services&nbsp;Inc. (the&nbsp;&#147;<b>Information Agent</b>&#148;). The Depositary can be contacted at 1-800-564-6253&nbsp;toll free or by e-mail at corporateactions@computershare.com. The Information Agent can be contacted at 1-888-518-6796&nbsp;toll free in North America or at 416-867-2272&nbsp;outside of North America or by e-mail at contactus@kingsdaleshareholder.com. Additional</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-01.htm',USER='105732',CD='Jun 18 06:48 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">copies of this document, the Letter of Transmittal and the Notice of Guaranteed Delivery may be obtained without charge on request from the Depositary or the Information Agent and are accessible on the Canadian Securities Administrators&#146; website at www.sedar.com and the United States Securities and Exchange Commission&#146;s (the &#147;<b>SEC</b>&#148;) website at www.sec.gov. The foregoing website addresses are provided for informational purposes only and no information contained on, or accessible from, the foregoing websites is incorporated by reference herein, except where specifically stated.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No broker, dealer, salesperson or other person has been authorized to give any information or make any representation other than those contained in this document, and, if given or made, such information or representation must not be relied upon as having been authorized by New Gold, the Depositary or the Information Agent.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">These securityholder materials are being sent to both registered and non-registered holders of Shares (and to registered holders of Options and Warrants). If you are a non-registered holder of Shares, and New Gold or its agent has sent these materials directly to you, your name and address and information about your holdings of Shares have been obtained in accordance with applicable securities regulatory requirements from the intermediary holding such Shares on your&nbsp;behalf.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Shareholders should be aware that New Gold reserves the right to, and may, acquire or cause an affiliate to acquire beneficial ownership of Shares by making purchases through the facilities of the TSX at any time, and from time to time, prior to the Expiry Time, as permitted by applicable laws or regulations of Canada or its provinces or territories. See Section&nbsp;12 of the Offer, &#147;Market Purchases&#148;.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">This document does not generally address tax consequences of the Offer to Shareholders in any jurisdiction outside of Canada or the United States.&#160; Shareholders in a jurisdiction outside of Canada or the United States should be aware that the disposition of Shares may have tax consequences which may not be described herein.&#160; Accordingly, Shareholders outside of Canada and the United States should consult their own tax advisors with respect to tax considerations applicable to them.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The Offer is made by a Canadian issuer that is permitted, under a multijurisdictional disclosure system adopted by the United&nbsp;States, to prepare the Offer and Circular in accordance with the disclosure requirements of Canada. Shareholders should be aware that such requirements are different from those of the United&nbsp;States.</font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;"> Financial statements incorporated by reference herein have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (&#147;IFRS&#148;). They may not be comparable to financial statements of United States companies.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Shareholders should be aware that the disposition of Shares and the acquisition of New Gold Shares by them as described herein may have tax consequences in the United&nbsp;States, Canada and other jurisdictions. Such consequences may not be fully described herein and such Shareholders are urged to consult their tax advisors. See Section&nbsp;19 of the Circular, &#147;Certain Canadian Federal Income Tax Considerations&#148;, and Section&nbsp;20 of the Circular, &#147;Certain United&nbsp;States Federal Income Tax Considerations&#148;.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The enforcement by Shareholders of civil liabilities under United&nbsp;States federal securities laws may be affected adversely by the fact that New Gold is existing under the laws of British Columbia, that some or all of its officers and directors may reside outside the United&nbsp;States, that some or all of the experts named herein may reside outside the United&nbsp;States and that a substantial portion of the assets of New Gold and the above-mentioned persons are located outside the United&nbsp;States.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THE SECURITIES TO BE DELIVERED IN CONNECTION WITH THE OFFER HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY STATE SECURITIES COMMISSION NOR HAS THE SEC OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THE OFFER AND CIRCULAR. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-01.htm',USER='105732',CD='Jun 18 06:48 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NOTICE TO HOLDERS OF OPTIONS AND WARRANTS</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Offer is made only for Shares and SRP Rights and is not made for any Options or Warrants. Any holder of Options or Warrants who wishes to accept the Offer must, to the extent permitted by the terms of such Options or Warrants and applicable Laws, exercise, exchange or convert such Options or Warrants in order to obtain certificates or DRS Advices representing Shares and deposit those Shares in accordance with the terms of the Offer. Any such exercise, exchange or conversion must be completed sufficiently in advance of the Expiry Time to ensure that the holder of such Options or Warrants will have certificates or DRS Advices representing the Shares received on such exercise, exchange or conversion available for deposit at or prior to the Expiry Time, or in sufficient time to comply with the procedures referred to under Section&nbsp;3 of the Offer, &#147;Manner of Acceptance &#151; Procedure for Guaranteed Delivery&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For additional important information on the treatment of Options and Warrants under the Offer, see Section&nbsp;1 of the Offer, &#147;The Offer&nbsp;&#151; Options and Warrants&#148;, and Section&nbsp;6 of the Circular, &#147;Acquisition Agreement&nbsp;&#151; Outstanding Options and&nbsp;Warrants&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The tax consequences to holders of Options or Warrants of exercising, exchanging or converting such Options or Warrants are not described in the Circular. Holders of Options or Warrants should consult their tax advisors for advice with respect to potential income tax consequences to them in connection with the decision to exercise, exchange or convert or to not exercise, exchange or convert their Options or Warrants.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NOTE TO INVESTORS CONCERNING ESTIMATES OF MINERAL RESERVES AND MINERAL RESOURCES</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The mineral reserve and mineral resource estimates contained in or incorporated by reference in the Offer and Circular have been prepared in accordance with the Canadian Securities Administrators&#146; National Instrument&nbsp;43-101&nbsp;&#151; <i>Standards of Disclosure for Mineral Projects</i> (&#147;<b>NI&nbsp;43-101</b>&#148;). These standards differ significantly from those of Industry Guide No.&nbsp;7 as interpreted by staff at the SEC. Accordingly, mineral reserve and mineral resource information contained in or incorporated by reference in the Offer and Circular is not comparable to similar information disclosed by U.S.&nbsp;companies.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In particular, the SEC&#146;s Industry Guide No.&nbsp;7 applies different standards in order to classify mineralization as a reserve. As a result, the definitions of proven and probable reserves used in NI 43-101 differ from the definitions in SEC Industry Guide No.&nbsp;7. Under SEC standards, mineralization may not be classified as a &#147;reserve&#148; unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. Among other things, all necessary permits would be required to be in hand or their issuance imminent in order to classify mineralized material as reserves under SEC standards. Accordingly, mineral reserve estimates contained or incorporated by reference in the Offer and Circular may not qualify as &#147;reserves&#148; under SEC standards.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition, the Offer and Circular and the documents incorporated by reference therein use the terms &#147;mineral resources,&#148; &#147;measured mineral resources,&#148; &#147;indicated mineral resources&#148; and &#147;inferred mineral resources&#148; to comply with the reporting standards in Canada. The SEC&#146;s Industry Guide No.&nbsp;7 does not recognize mineral resources and U.S. companies are generally not permitted to disclose resources in documents they file with the SEC. Investors are specifically cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into SEC defined mineral reserves. Further, &#147;inferred mineral resources&#148; have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. Therefore, investors are also cautioned not to assume that all or any part of an inferred mineral resource exists. In accordance with Canadian rules, estimates of &#147;inferred mineral resources&#148; cannot form the basis of feasibility or pre-feasibility studies. It cannot be assumed that all or any part of &#147;mineral resources,&#148; &#147;measured mineral resources,&#148; &#147;indicated mineral resources&#148; or &#147;inferred mineral resources&#148; will ever be upgraded to a higher category. Investors are cautioned not to assume that any part of the reported &#147;mineral resources,&#148; &#147;measured mineral resources,&#148; &#147;indicated mineral resources&#148; or &#147;inferred mineral resources&#148; in the Offer and Circular or the documents incorporated by reference therein is economically or legally mineable.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For the above reasons, information contained in the Offer and Circular and the documents incorporated by reference therein that describes mineral reserve and resource estimates is not comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of the SEC.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NOTE TO INVESTORS CONCERNING CERTAIN MEASURES OF FINANCIAL PERFORMANCE</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Offer and Circular and the documents incorporated by reference therein include certain measures of financial performance, including &#147;total cash costs&#148; per gold ounce, that are not recognized measures under IFRS. These measures may</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">iv<a name="PB_iv_071531_7056"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='iv',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-01.htm',USER='105732',CD='Jun 18 06:48 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">not be comparable to measures disclosed by other gold producers using similar titles. New Gold believes that these generally accepted industry measures are realistic indicators of operating performance and are useful in allowing year over year comparisons.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;Total cash costs&#148; per gold ounce is a common financial performance measure in the gold mining industry but with no standard meaning under IFRS. New Gold reports total cash costs on a sales basis. New Gold believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate New Gold&#146;s performance and ability to generate cash flow. The measure, along with sales, is considered to be a key indicator of a company&#146;s ability to generate operating earnings and cash flow from its mining operations.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Total cash costs figures are calculated in accordance with a standard developed by The Gold Institute, which was a worldwide association of suppliers of gold and gold products and included leading North American gold producers. The Gold Institute ceased operations in 2002, but the standard is the accepted standard of reporting cash costs of production in North America. Adoption of the standard is voluntary and the cost measures presented may not be comparable to other similarly titled measures of other companies. Total cash costs include mine site operating costs such as mining, processing, administration, royalties and production taxes, realized gains and losses on fuel contracts, but is exclusive of amortization, reclamation, capital and exploration costs and net of by-product copper and silver sales. Total cash costs are then divided by gold ounces sold to arrive at the total cash costs per ounce sold.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Total cash costs are intended to provide additional information only and do not have any standardized definition under IFRS; they should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these measures differently.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CURRENCY</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All dollar references in the Offer and Circular are in Canadian dollars, except where otherwise indicated. Canadian dollars are referred to as &#147;Canadian dollars&#148;, &#147;C$&#148; or &#147;$&#148; and United States dollars are referred to as &#147;U.S. dollars&#148; or &#147;US$&#148;. On June&nbsp;14, 2013, the Bank of Canada noon rate of exchange for U.S. dollars was C$1.00 = US$0.9826.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FORWARD-LOOKING STATEMENTS</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The information contained in the Offer and Circular, including the summary thereof, has, unless otherwise specified, been prepared as of June&nbsp;14, 2013 and the information contained in the documents incorporated by reference therein has, unless otherwise specified, been prepared as of the respective dates of such documents. Certain statements contained in the Offer and Circular, including the summary thereof, and in the documents incorporated by reference therein, that are referred to herein as &#147;forward-looking statements&#148;, constitute &#147;forward-looking statements&#148; within the meaning of the United&nbsp;States Private Securities Litigation Reform Act of 1995 and the rules&nbsp;and releases made by the SEC, all as amended from time to time, and &#147;forward-looking information&#148; under the provisions of Canadian provincial securities laws. When used in such documents, the words &#147;anticipate&#148;, &#147;believe&#148;, &#147;could&#148;, &#147;expect&#148;, &#147;estimate&#148;, &#147;forecast&#148;, &#147;intend&#148;, &#147;may&#148;, &#147;outlook&#148;, &#147;planned&#148;, &#147;project&#148;, &#147;should&#148;, &#147;will&#148;, &#147;would&#148; and similar expressions are intended to identify such forward-looking statements.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Forward-looking statements in the Offer and Circular, including the summary thereof, and in the documents incorporated by reference therein, include, but are not limited to statements regarding: New Gold&#146;s outlook for 2013 and future periods; expectations as to the anticipated timing, mechanics, completion and settlement of the Offer; the market for and listing of Shares and Rainy River&#146;s status as a reporting issuer after completion of the Offer; the ability of New Gold to integrate Rainy River&#146;s business with its current business and the costs associated with such integration following successful completion of the Offer; the value of the New Gold Shares received as consideration under the Offer; the ability of New Gold to complete the transactions contemplated by the Offer; future earnings, and the sensitivity of earnings to gold and other metal prices; anticipated levels or trends for prices of gold and byproduct metals mined by New Gold or for exchange rates between currencies in which capital is raised, revenue is generated or expenses are incurred by New Gold; estimates of future mineral production and sales; estimates of future costs, including mining costs, total cash costs per gold ounce and other expenses; estimates of future capital expenditure, exploration expenditure and other cash needs, and expectations as to the funding thereof; the projected exploration, development and exploitation of certain ore deposits, including estimates of exploration, development and production and other capital costs and estimates of the timing of such exploration, development and production or decisions with respect thereto; estimates of mineral reserves, mineral resources and ore grades and statements regarding anticipated future exploration results; estimates of cash flow; estimates of mine life; anticipated timing of events with respect to New Gold&#146;s mine sites, mine construction projects and exploration projects; estimates of future</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">v<a name="PB_v_071540_5335"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='v',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-01.htm',USER='105732',CD='Jun 18 06:48 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">costs and other liabilities for environmental remediation; anticipated legislation and regulation regarding climate change and estimates of the impact on New Gold; and other anticipated trends with respect to New Gold&#146;s capital resources and results of&nbsp;operations.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by New Gold as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The factors and assumptions of New Gold upon which the forward-looking statements in the Offer and Circular, including the summary thereof, and in the documents incorporated by reference therein, are based and which may prove to be incorrect, include, but are not limited to, the factors and assumptions set out in the Offer and Circular, including the summary thereof, as well as: significant capital requirements; fluctuations in the international currency markets and in the rates of exchange of the currencies of Canada, the United States, Australia, Mexico and Chile; price volatility in the spot and forward markets for commodities; impact of any hedging activities, including margin limits and margin calls; discrepancies between actual and estimated production, between actual and estimated reserves and resources and between actual and estimated metallurgical recoveries; changes in international, national and local government legislation in Canada, the United States, Australia, Mexico and Chile or any other country in which New Gold currently or may in the future carry on business; taxation; controls, regulations and political or economic developments in the countries in which New Gold does or may carry on business; the speculative nature of mineral exploration and development, including the risks of obtaining and maintaining the validity and enforceability of the necessary licenses and permits and complying with the permitting requirements of each jurisdiction that New Gold operates, including, but not limited to: in Canada, obtaining the necessary permits for the Blackwater Project; in Mexico, where the Cerro San Pedro Mine has a history of ongoing legal challenges related to New Gold&#146;s environmental authorization for the mine; and in Chile, where the courts have temporarily suspended the approval of the environmental permit for the El Morro Project; the lack of certainty with respect to foreign legal systems, which may not be immune from the influence of political pressure, corruption or other factors that are inconsistent with the rule&nbsp;of law; the uncertainties inherent to current and future legal challenges New Gold is or may become a party to; diminishing quantities or grades of reserves; competition; loss of key employees; additional funding requirements; actual results of current exploration or reclamation activities; uncertainties inherent to economic studies in respect of the preliminary economic assessment for the Blackwater Project; changes in project parameters as plans continue to be refined; accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The forward-looking statements in the Offer and Circular, including the summary thereof, reflect New Gold&#146;s views as at the date of the Offer and involve known and unknown risks, uncertainties and other factors which could cause the actual results, performance or achievements of New Gold or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks include risks relating to Offer, including, without limitation, that New Gold may be unable to complete the Offer or the completion of the Offer may be more costly than expected because, among other reasons, conditions to the completion of the Offer may not be satisfied; problems may arise with the ability to successfully integrate the businesses of New Gold and Rainy River; the parties may be unable to obtain regulatory approvals required for the Offer; New Gold may not be able to achieve the benefits from the acquisition or it may take longer than expected to achieve those benefits; and the acquisition may involve unexpected costs or unexpected liabilities. For a further discussion of risks and material factors or assumptions underlying the forward-looking statements in the Offer and Circular, see Section&nbsp;17 of the Circular, &#147;Risk Factors&#148;, and New Gold&#146;s Annual Information Form&nbsp;filed on SEDAR on March&nbsp;27, 2013 for the financial year ended December&nbsp;31, 2012 and incorporated by reference in the Offer and Circular. Given these uncertainties, investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as otherwise required by law, New Gold expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in New Gold&#146;s expectations or any change in events, conditions or circumstances on which any such statement is based. The Offer and Circular and documents incorporated by reference therein contain information regarding anticipated total cash costs per gold ounce at certain of New Gold&#146;s mines and mine development projects. New Gold believes that this generally accepted industry measure is a realistic indicator of operating performance and is useful in allowing year over year comparisons. Investors are cautioned that this information may not be suitable for other&nbsp;purposes.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">vi<a name="PB_vi_071547_5796"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='vi',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-01.htm',USER='105732',CD='Jun 18 06:48 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TABLE OF CONTENTS</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="93%" valign="bottom" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="6%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:6.6%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Page</font></b></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NOTICE TO HOLDERS OF OPTIONS AND WARRANTS</font></b></p>    </td>
<td width="6%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">i</font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">v</font></b></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NOTE TO INVESTORS CONCERNING ESTIMATES OF MINERAL RESERVES   AND MINERAL RESOURCES</font></b></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">iv</font></b></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NOTE TO INVESTORS CONCERNING CERTAIN MEASURES OF FINANCIAL   PERFORMANCE</font></b></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">iv</font></b></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CURRENCY</font></b></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">v</font></b></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FORWARD-LOOKING STATEMENTS</font></b></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">v</font></b></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SUMMARY</font></b></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1</font></b></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SELECTED HISTORICAL FINANCIAL INFORMATION OF NEW GOLD</font></b></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">8</font></b></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">GLOSSARY</font></b></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">9</font></b></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">OFFER</font></b></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1</font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">7</font></b></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">The Offer</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Time for   Acceptance</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Manner of   Acceptance</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Conditions of   the Offer</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">25</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Extension,   Variation or Change in the Offer</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">27</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Take-Up of   and Payment for Deposited Shares</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">28</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Return of   Deposited Shares</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">29</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Withdrawal of   Deposited Shares</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">30</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Changes in   Capitalization; Adjustments; Liens</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">31</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.</font><font size="1" style="font-size:8.5pt;">&nbsp; </font><font size="2" style="font-size:10.0pt;">Notices and   Delivery</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">31</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.</font><font size="1" style="font-size:8.5pt;">&nbsp; </font><font size="2" style="font-size:10.0pt;">Mail Service   Interruption</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">32</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.</font><font size="1" style="font-size:8.5pt;">&nbsp; </font><font size="2" style="font-size:10.0pt;">Market   Purchases</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">32</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13.</font><font size="1" style="font-size:8.5pt;">&nbsp; </font><font size="2" style="font-size:10.0pt;">Other Terms   of the Offer</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">32</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CIRCULAR</font></b></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">3</font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">4</font></b></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">New Gold</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">34</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Rainy River</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">38</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Certain   Information Concerning Securities of Rainy River</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">38</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Background to   the Offer</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">40</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Purpose of   the Offer and Plans for Rainy River</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">42</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Acquisition   Agreement</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">42</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Lock-Up   Agreements</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">50</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Source of   Funds</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">52</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.</font><font size="1" style="font-size:8.5pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Acquisition   of Shares Not Deposited</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">52</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.</font><font size="1" style="font-size:8.5pt;">&nbsp; </font><font size="2" style="font-size:10.0pt;">Acceptance of   the Offer</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">56</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.</font><font size="1" style="font-size:8.5pt;">&nbsp; </font><font size="2" style="font-size:10.0pt;">Ownership of   and Trading in Securities of Rainy River</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">56</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.</font><font size="1" style="font-size:8.5pt;">&nbsp; </font><font size="2" style="font-size:10.0pt;">Commitments   to Acquire Securities of Rainy River</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">57</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13.</font><font size="1" style="font-size:8.5pt;">&nbsp; </font><font size="2" style="font-size:10.0pt;">Other   Material Facts</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">57</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14.</font><font size="1" style="font-size:8.5pt;">&nbsp; </font><font size="2" style="font-size:10.0pt;">Agreements,   Arrangements or Understandings</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">57</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15.</font><font size="1" style="font-size:8.5pt;">&nbsp; </font><font size="2" style="font-size:10.0pt;">Effect of the   Offer on the Market for and Listing of Shares and Status as a Reporting   Issuer</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">57</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16.</font><font size="1" style="font-size:8.5pt;">&nbsp; </font><font size="2" style="font-size:10.0pt;">Certain   Information Concerning Securities of New Gold</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">58</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17.</font><font size="1" style="font-size:8.5pt;">&nbsp; </font><font size="2" style="font-size:10.0pt;">Risk Factors</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">62</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18.</font><font size="1" style="font-size:8.5pt;">&nbsp; </font><font size="2" style="font-size:10.0pt;">Regulatory   Considerations</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">64</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">19.</font><font size="1" style="font-size:8.5pt;">&nbsp; </font><font size="2" style="font-size:10.0pt;">Certain   Canadian Federal Income Tax Considerations</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">65</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20.</font><font size="1" style="font-size:8.5pt;">&nbsp; </font><font size="2" style="font-size:10.0pt;">Certain   United&nbsp;States Federal Income Tax Considerations</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">74</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">21.</font><font size="1" style="font-size:8.5pt;">&nbsp; </font><font size="2" style="font-size:10.0pt;">Shareholder   Rights Plan</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">80</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">22.</font><font size="1" style="font-size:8.5pt;">&nbsp; </font><font size="2" style="font-size:10.0pt;">Other Matters   Related to the Offer</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">81</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.</font><font size="1" style="font-size:8.5pt;">&nbsp; </font><font size="2" style="font-size:10.0pt;">Stock   Exchange Listing Application</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">82</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24.</font><font size="1" style="font-size:8.5pt;">&nbsp; </font><font size="2" style="font-size:10.0pt;">Documents   Incorporated by Reference</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">83</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">25.</font><font size="1" style="font-size:8.5pt;">&nbsp; </font><font size="2" style="font-size:10.0pt;">Registration   Statement Filed with the SEC</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">83</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">26.</font><font size="1" style="font-size:8.5pt;">&nbsp; </font><font size="2" style="font-size:10.0pt;">Statutory   Rights</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">84</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt 28.1pt;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">27.</font><font size="1" style="font-size:8.5pt;">&nbsp; </font><font size="2" style="font-size:10.0pt;">Directors&#146;   Approval</font></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">84</font></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CONSENT OF COUNSEL</font></b></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">8</font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">5</font></b></p>    </td>   </tr>
<tr>
<td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.4%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CERTIFICATE OF NEW GOLD INC.</font></b></p>    </td>
<td width="6%" valign="bottom" style="padding:0in 0in 0in 0in;width:6.6%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">8</font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">6</font></b></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">vii<a name="PB_vii_071733_2897"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='vii',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-01.htm',USER='105732',CD='Jun 18 06:48 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SUMMARY</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">The following is a summary only and is qualified in its entirety by the detailed provisions contained in the Offer and Circular. Shareholders are urged to read the Offer and Circular in their entirety. Terms defined in the Glossary and not otherwise defined in this Summary have the respective meanings given to them in the Glossary, unless the context otherwise requires.</font></i></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The Offer</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold is offering, upon and subject to the terms and conditions of the Offer, to purchase all of the issued and outstanding Shares and SRP Rights, including all Shares that may become issued and outstanding after the date of the Offer but before the Expiry Time upon the exercise, exchange or conversion of the Options or Warrants or any other outstanding rights, for a Purchase Price of, at the election of the Shareholder:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">$3.83 in cash for each Share; or</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">0.5 of a New Gold Share for each Share,</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">in each case subject to pro ration as described in Section&nbsp;1 of the Offer, &#147;The Offer&nbsp;&#151; Pro Rationing&#148;.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The maximum amount of cash payable by New Gold under the Offer is approximately $198 million and the maximum number of New Gold Shares issuable by New Gold under the Offer is approximately 25.8 million (based on the number of Shares outstanding on a fully-diluted basis as at May&nbsp;30, 2013). The consideration payable under the Offer will be pro rated on each Take-Up Date as necessary to ensure that the total aggregate consideration payable under the Offer and in any Compulsory Acquisition or Subsequent Acquisition Transaction does not exceed the maximum aggregate amounts.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If all Shareholders deposited their Shares to the Cash Option or all Shareholders deposited their Shares to the Share Option, each Shareholder would be entitled to receive approximately $1.91 in cash and 0.25 of a New Gold Share for each Share deposited, subject to adjustment for fractional shares. A Shareholder who fails to make an election will be deemed to have elected the Cash Option in respect of all of such Shareholder&#146;s Shares deposited under the&nbsp;Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The Offer represents a premium of 67% to the volume weighted average price of the Shares on the TSX for the 20-day period ended May&nbsp;30</font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">, 2013</font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">, the last trading day prior to the announcement of New Gold&#146;s intention to make the&nbsp;Offer.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders who deposit their Shares pursuant to the Offer will be deemed to have deposited the SRP Rights associated with such Shares. No additional payment will be made for the SRP Rights and no amount of the consideration paid by New Gold for the Shares will be allocated to the SRP Rights.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Offer is being made only for Shares and SRP Rights and is not made for any Options or Warrants. Any holder of Options or Warrants who wishes to accept the Offer must, to the extent permitted by the terms of such Options or Warrants and applicable Laws, exercise, exchange or convert such Options or Warrants in order to obtain certificates or DRS Advices representing Shares and deposit those Shares in accordance with the terms of the Offer. Any such exercise, exchange or conversion must be completed sufficiently in advance of the Expiry Time to ensure that the holder of such Options or Warrants will have certificates or DRS Advices representing the Shares received on such exercise, exchange or conversion available for deposit at or prior to the Expiry Time, or in sufficient time to comply with the procedures referred to in Section&nbsp;3 of the Offer, &#147;Manner of Acceptance&nbsp;&#151; Procedure for Guaranteed Delivery&#148;. For additional information on the treatment of Options and Warrants under the Offer, see Section&nbsp;1 of the Offer, &#147;The Offer&nbsp;&#151; Options and Warrants&#148;, and Section&nbsp;6 of the Circular, &#147;Acquisition Agreement&nbsp;&#151; Outstanding Options and&nbsp;Warrants&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The obligation of New Gold to take up and pay for Shares under the Offer is subject to certain conditions. See Section&nbsp;4 of the Offer, &#147;Conditions of the&nbsp;Offer&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any cash consideration paid under the Offer will be rounded down to the nearest whole cent. No fractional New Gold Shares will be issued under the Offer. Any Shareholder who would otherwise be entitled to receive a fractional New Gold Share will receive the applicable number of New Gold Shares, rounded down to the nearest whole number, and cash in lieu of the fractional New Gold Share, rounded down to the nearest whole cent.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-01.htm',USER='105732',CD='Jun 18 06:48 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Time for Acceptance</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Offer is open for acceptance from the date of the Offer until 5:00&nbsp;p.m. (Toronto time) on July&nbsp;</font><font size="2" style="font-size:10.0pt;">24</font><font size="2" style="font-size:10.0pt;">, 2013, or such later time or times and date or dates to which the Offer may be extended, unless the Offer is withdrawn in accordance with its terms by New Gold. See Section&nbsp;5 of the Offer, &#147;Extension, Variation or Change in the&nbsp;Offer&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New Gold</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold is an intermediate gold mining company engaged in the acquisition, exploration, development and operation of mineral properties, with operating mines in Canada, Mexico, the United States and Australia and development projects in Canada and Chile.&#160; New Gold&#146;s operating assets consist of the New Afton Mine in Canada, the Cerro San Pedro Mine in Mexico, the Mesquite Mine in the United States and the Peak Gold Mines in Australia.&#160; Significant development projects include the Blackwater Project in Canada and a 30% interest in the El Morro Project in Chile. The New Gold Shares are listed on the TSX and the NYSE MKT under the trading symbol &#147;NGD&#148; and New Gold&#146;s market capitalization is approximately $3.3 billion as of the close of trading on June&nbsp;14, 2013. New Gold is existing under the laws of the Province of British Columbia. Its head and registered office is located at Suite&nbsp;1800, Two Bentall Centre, 555 Burrard Street, Vancouver, British Columbia V7X 1M9. As of the date hereof, no Shares, Options or Warrants are beneficially owned, nor is control or direction exercised over any of such securities, by New Gold. See Section&nbsp;1 of the Circular, &#147;New Gold&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Rainy River</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rainy River is a Canadian mineral exploration company engaged in the acquisition, exploration and development of mineral properties. Rainy River currently owns a 100% interest in the Rainy River Gold Project located in Northwestern Ontario, approximately 65 kilometres northwest of Fort Francis. The Shares are listed on the TSX under the trading symbol &#147;RR&#148;. Rainy River is existing under the laws of the Province of British Columbia. Its head office is located at Suite&nbsp;701, 1 Richmond Street West, Toronto, Ontario M5H 3W4 and its registered and records office is located at Suite&nbsp;302, 1620 West 8th Avenue, Vancouver, British Columbia V6J 1V4. See Section&nbsp;2 of the Circular, &#147;Rainy River&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Rainy River Options and Warrants</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Offer is being made only for Shares and SRP Rights and is not made for any Options or Warrants. Any holder of Options or Warrants who wishes to accept the Offer must, to the extent permitted by the terms of the security and applicable Laws, exercise, exchange or convert such Options or Warrants in order to obtain certificates or DRS Advices representing Shares and deposit those Shares in accordance with the terms of the Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Rainy River Board passed resolutions on June&nbsp;14, 2013 to accelerate the vesting of unvested Options, conditional upon New Gold taking up Shares under the Offer, such that all Options are fully vested and exercisable for purposes of tendering the underlying Shares to the Offer. If the Offer is not completed, holders who exercised their Options (i)&nbsp;may return, or (ii)&nbsp;if such Options were accelerated, will be required to return, to Rainy River all Shares issued pursuant to such exercised Options, and such Options will be reinstated as if they had not been&nbsp;exercised. Additionally, Rainy River has agreed that New Gold&#146;s obligation to take up and pay for Shares under the Offer is conditional upon Rainy River having made commercially reasonable efforts to cause all Options outstanding under the Option Plans to be exercised or surrendered for cancellation at the Expiry Time.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rainy River has agreed that New Gold&#146;s obligation to take up and pay for Shares under the Offer is conditional upon Rainy River and the Rainy River Board, as applicable, having made commercially reasonable efforts to amend the warrant certificate evidencing the Warrants to provide that each Warrant that has not been exercised prior to the Expiry Time shall entitle the holder thereof to receive, in lieu of that number of Shares otherwise issuable upon exercise of the Warrants, that number of New Gold Shares that such holder would have been entitled to receive under the Share Option if such holder had been the holder of the number of Shares to which such holder was entitled upon exercise thereof immediately prior to the Expiry Time (adjusted in accordance with the applicable exchange ratio under the Offer).</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Rainy River Board Recommendation</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The Rainy River Board, after consultation with its financial and legal advisors and following receipt of a unanimous recommendation of the Special Committee, has unanimously determined that the Offer is in the best interests of Rainy River and the Shareholders and, accordingly, has unanimously approved the entering into of the Acquisition Agreement and UNANIMOUSLY RECOMMENDS that Shareholders accept the Offer and tender their</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2<a name="PB_2_071759_7748"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='2',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-01.htm',USER='105732',CD='Jun 18 06:48 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Shares to the Offer. For further information, see Section&nbsp;1 of the Offer, &#147;The Offer&nbsp;&#151; Rainy River Board Recommendation&#148;, Section&nbsp;6 of the Circular, &#147;Acquisition Agreement&nbsp;&#151; Support of the Offer&#148;, and the accompanying Directors&#146; Circular.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Fairness Opinions</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Prior to the execution of the Acquisition Agreement, each of BMO and CIBC delivered a separate verbal fairness opinion addressed to the Special Committee and the Rainy River Board to the effect that, as of the date of the opinion and based on and subject to the assumptions, limitations and qualifications stated at the time of delivering such opinion, the consideration to be received under the Offer is fair, from a financial point of view, to Shareholders. Additionally, each of BMO and CIBC has delivered a separate written fairness opinion, in the case of the BMO opinion, addressed to the Rainy River Board, and in the case of the CIBC opinion, addressed to the Special Committee and the Rainy River Board, dated as of May&nbsp;30, 2013, to the effect that, as of the date of the opinion and based on and subject to the assumptions, limitations and qualifications set out in such opinion, the consideration to be received under the Offer is fair, from a financial point of view, to Shareholders. For further information, see the accompanying Directors&#146; Circular.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Acquisition Agreement</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;31, 2013, New Gold and Rainy River entered into the Acquisition Agreement, pursuant to which, among other things and subject to the conditions set out therein, New Gold agreed to make the Offer and Rainy River agreed to support the Offer and not solicit any competing Acquisition Proposal. See Section&nbsp;6 of the Circular, &#147;Acquisition Agreement&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Lock-Up Agreements</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold has also entered into Lock-Up Agreements with each of the directors and officers of Rainy River, pursuant to which each Locked-Up Shareholder has agreed, subject to certain exceptions, to support the Offer and to accept the Offer and deposit or cause to be deposited under the Offer and not withdraw all of the Shares beneficially owned or acquired by the Locked-Up Shareholder (including Shares issuable on exercise of Options). The aggregate number of Shares beneficially owned by the Locked-Up Shareholders and subject to the Lock-Up Agreements represents approximately 4.8% of the Shares on a fully-diluted basis. See Section&nbsp;7 of the Circular, &#147;Lock-Up Agreements&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Purpose of the Offer</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The purpose of the Offer is to enable New Gold to acquire all of the outstanding Shares and SRP Rights. If New Gold takes up and accepts for payment Shares validly deposited under the Offer, New Gold currently intends, if possible to do so under and subject to compliance with all applicable Laws, to acquire all of the outstanding Shares not deposited under the Offer pursuant to a Compulsory Acquisition or Subsequent Acquisition Transaction. See Section&nbsp;5 of the Circular, &#147;Purpose of the Offer and Plans for Rainy River&#148;, and Section&nbsp;9 of the Circular, &#147;Acquisition of Shares Not&nbsp;Deposited&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Manner of Acceptance</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Shareholder who wishes to accept the Offer must deposit the certificate(s)&nbsp;or DRS Advice(s)&nbsp;representing its Shares, together with a properly completed and executed Letter of Transmittal (printed on YELLOW paper), or a manually executed facsimile thereof, and all other required documents at or prior to the Expiry Time at the office of the Depositary in Toronto, Ontario specified in the Letter of Transmittal. Detailed instructions are contained in the Letter of Transmittal accompanying the Offer. See Section&nbsp;3 of the Offer, &#147;Manner of Acceptance&nbsp;&#151; Letter of Transmittal&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If a Shareholder wishes to accept the Offer and deposit its Shares under the Offer and the certificate(s)&nbsp;or DRS Advice(s) representing such Shareholder&#146;s Shares is (are) not immediately available, the Shareholder cannot complete the procedure for book-entry transfer of its Shares on a timely basis, or if the certificate(s)&nbsp;or DRS Advice(s)&nbsp;and all other required documents cannot be provided to the Depositary at or prior to the Expiry Time, such Shares nevertheless may be validly deposited under the Offer in compliance with the procedures for guaranteed delivery using the accompanying Notice of Guaranteed Delivery (printed on PINK paper). See Section&nbsp;3 of the Offer, &#147;Manner of Acceptance&nbsp;&#151; Procedure for Guaranteed Delivery&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders may, alternatively, accept the Offer by following the procedures for book-entry transfer established by CDS, provided that a Book-Entry Confirmation through CDSX is received by the Depositary at its office in Toronto, Ontario</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3<a name="PB_3_071807_141"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='3',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-01.htm',USER='105732',CD='Jun 18 06:48 2013' -->


<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">specified in the Letter of Transmittal at or prior to the Expiry Time. Shareholders may also accept the Offer by following the procedures for book-entry transfer established by DTC, provided that a Book-Entry Confirmation, together with an Agent&#146;s Message in respect thereof, or a properly completed and executed Letter of Transmittal (including signature guarantee if required), and all other required documents, are received by the Depositary at its office in Toronto, Ontario specified in the Letter of Transmittal at or prior to the Expiry Time. Shareholders accepting the Offer through book-entry transfer must ensure such documents, as applicable, are received by the Depositary at or prior to the Expiry Time. See Section&nbsp;3 of the Offer, &#147;Manner of Acceptance&nbsp;&#151; Acceptance by Book-Entry Transfer&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders are required to deposit any SRP Rights associated with a Share in order to effect a valid deposit of such Share. While the Offer is not a Permitted Bid for the purposes of the Shareholder Rights Plan, New Gold&#146;s obligation to take up and pay for Shares under the Offer is conditional upon Rainy River having waived, suspended the operation of or otherwise rendered the Shareholder Rights Plan inoperative or ineffective as regards to the Offer. Rainy River has advised New Gold that the Rainy River Board has waived the application of the Shareholder Rights Plan in regards to the Offer. Therefore, if the Rainy River Board does not terminate or vary this waiver such that the Separation Time does not occur prior to the Expiry Time, Shareholders who deposit their Shares pursuant to the Offer will be deemed to have deposited the SRP Rights associated with such Shares.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Shareholders will not be required to pay any fee or commission if they accept the Offer by depositing their Shares directly with the&nbsp;Depositary.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Shareholders whose Shares are registered in the name of an investment advisor, stockbroker, bank, trust company or other nominee should immediately contact such nominee for assistance in depositing their Shares with the Depositary. Intermediaries likely have established tendering cut-off times that are up to 48&nbsp;hours prior to the Expiry Time. Shareholders must instruct their brokers or other intermediaries promptly if they wish to&nbsp;tender.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders should contact the Depositary, the Information Agent or a broker or dealer for assistance in accepting the Offer and in depositing Shares with the&nbsp;Depositary.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Conditions of the Offer</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold reserves the right to extend or withdraw the Offer and shall not be required to take up and pay for any Shares deposited under the Offer unless the conditions described in Section&nbsp;4 of the Offer, &#147;Conditions of the Offer&#148;, are satisfied or waived at or prior to the Expiry Time. The Offer is conditional upon, among other&nbsp;things:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">there having been validly deposited under the Offer and not withdrawn at the Expiry Time such number of Shares which constitutes at least 66</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">2</font><font size="2" style="font-size:10.0pt;">/</font><font size="1" style="font-size:6.5pt;position:relative;top:1.0pt;">3</font><font size="2" style="font-size:10.0pt;">% of the Shares outstanding at the Expiry Time on a fully-diluted basis (which condition New Gold may not modify or waive without the prior consent of&nbsp;Rainy River);</font></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">New Gold having determined, acting reasonably, that no change (or&nbsp;any condition, event or development involving a prospective change) in the business, operations, assets, capitalization, properties, financial condition, prospects, licences, permits, rights, privileges or liabilities of Rainy River or of the Rainy River Subsidiary exists or has occurred that, when considered either individually or in the aggregate, constitutes a Material Adverse Effect in respect of Rainy River;&nbsp;and</font></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">there not having occurred, developed or come into effect or existence any effect, action, state, condition or major financial occurrence of national or international consequence or any law, regulation, action, government regulation, enquiry or other occurrence of any nature whatsoever which, in the opinion of New Gold, acting reasonably, materially adversely affects and will continue to materially adversely affect the financial markets in Canada or the United&nbsp;States.</font></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">See Section&nbsp;4 of the Offer, &#147;Conditions of the Offer&#148;.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Take-Up of and Payment for Deposited Shares</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If all of the conditions described in Section&nbsp;4 of the Offer, &#147;Conditions of the Offer&#148;, have been fulfilled or waived by New Gold at or prior to the Expiry Time, New Gold will take up and pay for Shares validly deposited under the Offer and not properly withdrawn as soon as reasonably practicable, and in any event not later than three business days following the</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4<a name="PB_4_071910_7608"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='4',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-03.htm',USER='105732',CD='Jun 18 06:50 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">time at which New Gold becomes entitled to take up Shares under the Offer and pursuant to applicable&nbsp;Laws. See Section&nbsp;6 of the Offer, &#147;Take-Up of and Payment for Deposited Shares&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Withdrawal of Deposited Shares</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shares deposited under the Offer may be withdrawn by or on behalf of the depositing Shareholder at any time before the Shares have been taken up by New Gold under the Offer and in the other circumstances described in Section&nbsp;8 of the Offer, &#147;Withdrawal of Deposited Shares&#148;. Except as so indicated or as otherwise required by applicable Laws, deposits of Shares are irrevocable.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Acquisition of Shares Not Deposited</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If, within four months after the date of the Offer, the Offer has been accepted by Shareholders holding not less than 90% of the outstanding Shares as at the Expiry Time, excluding Shares held at the date of the Offer by or on behalf of New Gold, or an affiliate or an associate of New Gold, New Gold has agreed in the Acquisition Agreement that it will, to the extent possible, acquire the remainder of the Shares from those Shareholders who have not accepted the Offer, pursuant to a Compulsory Acquisition under Section&nbsp;300 of the&nbsp;BCBCA.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If a Compulsory Acquisition is not available or will not result in New Gold acquiring all Shares issuable on exercise, exchange or conversion of all Options and Warrants, New Gold has agreed to use its commercially reasonable best efforts to acquire the remaining Shares not tendered to the Offer as soon as practicable, including by way of a Subsequent Acquisition Transaction for consideration at least equivalent in value to the consideration paid pursuant to the Offer. Rainy River has agreed that, in the event New Gold takes up and pays for Shares tendered under the Offer representing at least 66</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">2</font><font size="2" style="font-size:10.0pt;">/</font><font size="1" style="font-size:6.5pt;position:relative;top:1.0pt;">3</font><font size="2" style="font-size:10.0pt;">% of the outstanding Shares (calculated on a fully-diluted basis as at the Expiry Time), it will assist New Gold in connection with any Subsequent Acquisition Transaction to acquire the remaining Shares, provided that the consideration offered in connection with the Subsequent Acquisition Transaction is at least equivalent in value to the consideration offered under the&nbsp;Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders who do not deposit their Shares under the Offer will not be entitled to any right of dissent or appraisal in connection with the Offer. However, Shareholders who do not deposit their Shares under the Offer may have certain rights of dissent in the event New Gold acquires at least 90% of the issued and outstanding Shares or acquires such Shares by way of a Compulsory Acquisition or Subsequent Acquisition Transaction.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">See Section&nbsp;9 of the Circular, &#147;Acquisition of Shares Not Deposited&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Stock Exchange Listing</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Shares are listed on the TSX under the trading symbol &#147;RR&#148;. See Section&nbsp;3 of the Circular, &#147;Certain Information Concerning Securities of Rainy River&nbsp;&#151; Shares&#148;. If permitted by applicable Laws, New Gold intends to cause Rainy River to apply to delist the Shares from the TSX as soon as practicable after completion of the Offer, any Compulsory Acquisition or any Subsequent Acquisition Transaction. See Section&nbsp;15 of the Circular, &#147;Effect of the Offer on the Market for and Listing of Shares and Status as a Reporting Issuer&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The TSX has conditionally approved the listing of the New Gold Shares to be issued in connection with the Offer, subject to New Gold fulfilling all of the requirements of the TSX within one business day of the take-up and payment for Shares under the Offer. New Gold has applied to list the New Gold Shares issuable under the Offer on the NYSE MKT. See Section&nbsp;23 of the Circular, &#147;Stock Exchange Listing Application&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Canadian Federal Income Tax Considerations</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Shareholder who is a resident of Canada, who holds Shares as capital property and who sells such Shares pursuant to the Offer will realize a capital gain (or capital loss) to the extent that the proceeds of disposition of such Shares exceed (or are less than) the total of the adjusted cost base to the Shareholder of such Shares and any reasonable costs of disposition. However, a Shareholder who is an Eligible Holder and who elects the Share Option or elects the Cash Option but the prorating provisions of the Offer apply may, depending on the circumstances, obtain a full or partial tax-deferred &#147;rollover&#148; by making a Tax Election with New Gold in the prescribed form pursuant to subsection 85(1)&nbsp;of the Tax Act or, where the Shareholder is a partnership, subsection 85(2)&nbsp;of the Tax Act (and the corresponding provisions of any applicable provincial legislation). A Shareholder who elects the Share Option may in certain circumstances obtain an automatic tax-deferred &#147;rollover&#148;.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5<a name="PB_5_071916_8146"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='5',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-03.htm',USER='105732',CD='Jun 18 06:50 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Non-Resident Shareholder generally will not be subject to Canadian income tax under the Tax&nbsp;Act on any capital gain realized on the disposition of Shares to New Gold under the Offer unless those Shares constitute &#147;taxable Canadian property&#148; within the meaning of the Tax&nbsp;Act and the gain is not otherwise exempt from tax under the Tax&nbsp;Act pursuant to an exemption contained in an applicable income tax treaty or&nbsp;convention.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Depending on the manner and circumstances in which a Subsequent Acquisition Transaction is undertaken, the tax consequences to a Shareholder of a disposition of Shares pursuant to a Subsequent Acquisition Transaction could differ from the tax consequences to such Shareholder of a disposition of Shares under the Offer. In the case of a Non-Resident Shareholder, a portion of the consideration received on the disposition of Shares pursuant to a Subsequent Acquisition Transaction could be subject to Canadian withholding&nbsp;tax.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If any SRP Rights are acquired pursuant to the Offer, it is assumed that there is no value to those SRP Rights, and, therefore, that no amount of the consideration paid by New Gold will be allocated to the SRP Rights. Accordingly, this summary does not otherwise address the disposition of any SRP Rights pursuant to the Offer. Holders should consult their own tax advisors regarding the disposition of any SRP Rights.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The foregoing is a very brief summary of certain Canadian federal income tax consequences and is qualified by the more detailed general description of Canadian federal income tax considerations in Section&nbsp;19 of the Circular, &#147;Certain Canadian Federal Income Tax Considerations&#148;. Shareholders are urged to consult their own tax advisors to determine the particular tax consequences to them of a sale of Shares pursuant to the Offer, a Compulsory Acquisition, a Compelled Acquisition or a Subsequent Acquisition Transaction. Holders of Options or Warrants should consult their own tax advisors having regard to their personal circumstances.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">United&nbsp;States Federal Income Tax Considerations</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subject to the rules&nbsp;regarding passive foreign investment companies, or PFICs, Shareholders who are residents or citizens of the United&nbsp;States for U.S.&nbsp;federal income tax purposes, who hold Shares as capital assets, and who dispose of Shares under the Offer generally will recognize a capital gain or loss for U.S.&nbsp;federal income tax purposes equal to the difference, if any, between the amount realized on the disposition and the U.S.&nbsp;Shareholder&#146;s adjusted tax basis in the Shares. This capital gain or loss will be long-term capital gain or loss if the U.S.&nbsp;Shareholder&#146;s holding period in the Shares exceeds one year. In the event that Rainy River has been a PFIC for U.S.&nbsp;federal income tax purposes during the Shareholder&#146;s holding period in the Shares, unless the Shareholder has filed on a timely basis certain elections, any recognized gain generally must be allocated rateably to each day the Shareholder has held the Shares, with amounts allocated to the current taxable year and to any taxable year prior to the first taxable year in which Rainy River was a PFIC taxable as ordinary income rather than capital gain, and amounts allocable to each other year, beginning with the first year during which Rainy River was a PFIC, taxable as ordinary income at the highest rate in effect for that year and subject to an interest charge at the rates applicable to deficiencies for income tax for those&nbsp;periods.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Backup withholding and information reporting may also apply to U.S.&nbsp;Shareholders participating in the&nbsp;Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The foregoing is a very brief summary of certain U.S.&nbsp;federal income tax consequences and is qualified by the summary of the principal U.S.&nbsp;federal income tax considerations generally applicable to U.S.&nbsp;Shareholders in Section&nbsp;20 of the Circular, &#147;Certain United&nbsp;States Federal Income Tax Considerations.&#148; Shareholders are urged to consult their own tax advisors to determine the particular tax consequences to them of a sale of Shares pursuant to the Offer, a Compulsory Acquisition, a Compelled Acquisition or a Subsequent Acquisition Transaction. Holders of Options or Warrants should consult their own tax advisors having regard to their personal circumstances.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Shareholder Rights Plan</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Offer is not a Permitted Bid for the purposes of the Shareholder Rights Plan. However, New Gold&#146;s obligation to take up and pay for Shares under the Offer is conditional upon Rainy River having waived, suspended the operation of or otherwise rendered the Shareholder Rights Plan inoperative or ineffective as regards to the Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rainy River has advised New Gold that the Rainy River Board has waived the application of the Shareholder Rights Plan in regards to the Offer. While New Gold has no reason to believe that the Rainy River Board will terminate or vary this waiver, no assurances can be given by New Gold in this regard.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6<a name="PB_6_071924_7091"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='6',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-03.htm',USER='105732',CD='Jun 18 06:50 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Risk Factors</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">An investment in New Gold Shares and the integration of the operations and businesses of New Gold and Rainy River are subject to certain risks and uncertainties. In assessing the Offer, Shareholders should carefully consider the risks and uncertainties identified in Section&nbsp;17 of the Circular, &#147;Risk&nbsp;Factors&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Depositary and Information Agent</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Computershare Trust Company of Canada has been retained by New Gold to act as the Depositary to receive deposits of certificates and DRS Advices representing Shares and accompanying Letters of Transmittal deposited under the Offer at its office in Toronto, Ontario specified in the Letter of Transmittal. The Depositary will also receive Notices of Guaranteed Delivery at its office in Toronto, Ontario specified in the Notice of Guaranteed Delivery. In addition, the Depositary will receive documentation at its office in Toronto, Ontario specified in the Letter of Transmittal in relation to Shareholders accepting the Offer through book-entry transfer. The Depositary will also be responsible for giving certain notices, if required, and for making payment for all Shares purchased by New Gold under the Offer. The Depositary can be contacted at 1-800-564-6253&nbsp;toll free or by e-mail at corporateactions@computershare.com.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Kingsdale Shareholder Services&nbsp;Inc. has been retained by New Gold to act as the Information Agent to provide a resource for information for Shareholders in connection with the Offer. The Information Agent can be contacted at 1-888-518-6796 toll free in North America or 416-867-2272 outside North America or by e-mail at contactus@kingsdaleshareholder.com.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Depositary and the Information Agent will each receive reasonable and customary compensation from New Gold for services in connection with the Offer and will be reimbursed for certain out-of-pocket expenses. Further contact details for the Depositary and the Information Agent are provided on the back cover of this&nbsp;document.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">See Section&nbsp;22 of the Circular, &#147;Other Matters Related to the Offer&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Shareholders will not be required to pay any fee or commission if they accept the Offer by depositing their Shares directly with the&nbsp;Depositary.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Financial Advisor</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">RBC Capital Markets has been retained to act as financial advisor to New Gold with respect to the Offer. New Gold reserves the right to form&nbsp;a Soliciting Dealer Group to solicit acceptances of the Offer from persons resident in Canada. If New Gold makes use of the services of a Soliciting Dealer, New Gold may pay such Soliciting Dealer a fee customary for such services for each Share deposited and taken up by New Gold under the Offer (other than Shares held by a member of a Soliciting Dealer Group for its own account). New Gold may require Soliciting Dealers to furnish evidence of the beneficial ownership satisfactory to it at the time of&nbsp;deposit. See Section&nbsp;22 of the Circular, &#147;Other Matters Related to the Offer&nbsp;&#151; Financial Advisor and Soliciting Dealer Group&#148;.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7<a name="PB_7_071930_455"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='7',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-03.htm',USER='105732',CD='Jun 18 06:50 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SELECTED HISTORICAL FINANCIAL INFORMATION OF NEW GOLD</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following tables contain certain historical financial information of New Gold from (a)&nbsp;New Gold&#146;s audited consolidated financial statements as at and for each of the years ended December&nbsp;31, 2012 and 2011 filed on SEDAR on February&nbsp;28, 2013, and (b)&nbsp;New Gold&#146;s unaudited interim condensed consolidated financial statements as at and for the quarters ended March&nbsp;31, 2013 and 2012 filed on SEDAR on May&nbsp;1, 2013, each incorporated by reference herein. Please see these documents for the full financial statements, including the notes thereto, for these periods.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="49%" valign="bottom" style="padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="22%" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:22.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Years&nbsp;ended&nbsp;December&nbsp;31</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="22%" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:22.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Three&nbsp;months&nbsp;ended&nbsp;March&nbsp;31</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="49%" valign="bottom" style="padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Consolidated&nbsp;Income&nbsp;Statement&nbsp;Data</font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;">:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:10.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">$</font></b></p>    </td>
<td width="2%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">$</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:10.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">$</font></b></p>    </td>
<td width="2%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">$</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="49%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">(in&nbsp;millions&nbsp;of&nbsp;U.S.&nbsp;dollars,&nbsp;except&nbsp;per&nbsp;share&nbsp;amounts)</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">2012</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">2011</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">2013</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">2012</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="49%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Revenues </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">791.3</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">695.9</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">201.8</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">168.8</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="bottom" style="padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Operating expenses </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">344.3</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">303.8</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">106.1</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">72.3</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Depreciation and depletion </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">116.4</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">76.9</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">37.9</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18.8</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="bottom" style="padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Corporate administration </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">25.2</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">26.1</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.3</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.7</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Share-based payment expenses </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.9</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.3</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.5</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.4</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="bottom" style="padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Exploration and business development </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20.6</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.0</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.0</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.8</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Finance income </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.4</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.6</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.4</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.2</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="bottom" style="padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Finance costs </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(16.4</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">)</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(5.1</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">)</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(11.5</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">)</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2.1</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">)</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Loss on redemption of Senior Secured Notes </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(31.8</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">)</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="bottom" style="padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Realized and unrealized gain (loss) on non-hedged derivatives </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">61.1</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(7.3</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">)</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">22.6</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(8.6</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">)</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Loss) gain on foreign exchange </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1.3</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">)</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.1</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(5.6</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">)</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1.5</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">)</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="bottom" style="padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Other losses </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(8.1</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">)</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(7.7</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">)</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1.2</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">)</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2.0</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">)</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Earnings before taxes </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">278.8</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">258.4</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">48.7</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">51.8</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="bottom" style="padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Income tax expense </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(79.8</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0.375pt 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">)</font></p>    </td>
<td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(79.4</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0.375pt 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">)</font></p>    </td>
<td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(12.4</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0.375pt 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">)</font></p>    </td>
<td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(18.3</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0.375pt 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">)</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Net </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">earnings   </font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">199.0</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">179.0</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">36.3</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">33.5</font></b></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="49%" valign="bottom" style="padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Earnings per share</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Basic </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.43</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.42</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.08</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.07</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="bottom" style="padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Diluted </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.42</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.40</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.08</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.07</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="90%" style="border-collapse:collapse;width:90.0%;">
<tr>
<td width="57%" valign="bottom" style="padding:0in 0in 0in 0in;width:57.22%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.78%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="25%" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:25.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">As&nbsp;at&nbsp;December&nbsp;31</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.78%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.12%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">As&nbsp;at&nbsp;March&nbsp;31</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.12%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="57%" valign="bottom" style="padding:0in 0in 0in 0in;width:57.22%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Consolidated&nbsp;Balance&nbsp;Sheet&nbsp;Data:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.78%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="11%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:11.12%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">$</font></b></p>    </td>
<td width="2%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.78%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="11%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.12%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">$</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.78%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="11%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:11.12%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">$</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.12%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="57%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:57.22%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">(in&nbsp;millions&nbsp;of&nbsp;U.S.&nbsp;dollars)</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.78%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.12%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">2012</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.78%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.12%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">2011</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.78%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="11%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:11.12%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">2013</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.12%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="57%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:57.22%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mineral properties </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:11.12%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,134.9</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:11.12%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,695.3</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:11.12%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,190.4</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.12%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="57%" valign="bottom" style="padding:0in 0in 0in 0in;width:57.22%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Total assets </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.12%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4,283.7</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.12%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,368.7</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.12%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4,302.2</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.12%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="57%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:57.22%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Long-term debt </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:11.12%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">847.8</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:11.12%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">251.7</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:11.12%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">854.3</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.12%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="57%" valign="bottom" style="padding:0in 0in 0in 0in;width:57.22%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Reclamation and closure cost obligations </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.12%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">68.5</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.12%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">50.7</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.12%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">67.0</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.12%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="57%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:57.22%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Common shares </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:11.12%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,618.4</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:11.12%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,464.0</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:11.12%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,624.1</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.12%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="57%" valign="bottom" style="padding:0in 0in 0in 0in;width:57.22%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders&#146; equity </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.12%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,676.5</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.12%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,282.4</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.78%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="11%" valign="bottom" style="padding:0in 0in 0in 0in;width:11.12%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,730.1</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.12%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8<a name="PB_8_072117_4141"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='8',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-03.htm',USER='105732',CD='Jun 18 06:50 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">GLOSSARY</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">This Glossary forms part of the Offer. In the accompanying summary, Offer, Circular, Letter of Transmittal and Notice of Guaranteed Delivery, unless the subject matter or context is inconsistent therewith, the following terms shall have the respective meanings set out below and grammatical variations thereof shall have the corresponding meanings:</font></i></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>2002 Option Plan</b>&#148; means the 2002 Stock Option Plan (amended) of Rainy River, as amended from time to time;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>2012 Option Plan</b>&#148; means the Incentive Stock Option Plan of Rainy River, as ratified, confirmed and approved by the Shareholders on May&nbsp;28, 2012, as amended from time to time;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Acquiring Person</b>&#148; has the meaning ascribed thereto in Section&nbsp;21 of the Circular, &#147;Shareholder Rights Plan&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Acquisition Agreement</b>&#148; means the acquisition agreement dated May&nbsp;31, 2013 between New Gold and Rainy River, as amended from time to&nbsp;time;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Acquisition Proposal</b>&#148; has the meaning ascribed thereto in Section&nbsp;6 of the Circular, &#147;Acquisition Agreement&nbsp;&#151; Non Solicitation Covenant&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Advance Ruling Certificate</b>&#148; means an advance ruling certificate issued by the Commissioner pursuant to Section&nbsp;102 of the Competition Act with respect to the transactions contemplated in the Acquisition Agreement;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>affiliate</b>&#148; has the meaning ascribed thereto in the BCSA;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Agent&#146;s Message</b>&#148; has the meaning ascribed thereto in Section&nbsp;3 of the Offer, &#147;Manner of Acceptance&nbsp;&#151; Acceptance by Book-Entry Transfer&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>allowable capital loss</b>&#148; has the meaning ascribed thereto in Section&nbsp;19 of the Circular, &#147;Certain Canadian Federal Income Tax Considerations&nbsp;&#151; Residents of Canada&nbsp;&#151; Taxation of Capital Gains and Capital Losses&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>associate</b>&#148; has the meaning ascribed thereto in the BCSA;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>BCBCA</b>&#148; means the <i>Business Corporations Act</i> (British Columbia), as amended or replaced from time to time;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>BCSA</b>&#148; means the <i>Securities Act</i> (British Columbia), as amended or replaced from time to time;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>BMO</b>&#148; means BMO Nesbitt Burns Inc., financial advisor to Rainy River;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Book-Entry Confirmation</b>&#148; means confirmation of a book-entry transfer of a Shareholder&#146;s Shares into the Depositary&#146;s account at CDS and/or DTC, as&nbsp;applicable;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>business combination</b>&#148; has the meaning ascribed thereto in MI 61-101;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>business day</b>&#148; means, unless otherwise specified herein, a day, other than a Saturday or a Sunday, on which the principal commercial banks located in Toronto, Ontario and Vancouver, British Columbia are open for the conduct of&nbsp;business;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Cash Electing Shareholder</b>&#148; has the meaning ascribed thereto in Section&nbsp;1 of the Offer, &#147;The Offer&nbsp;&#151; Pro Rationing&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Cash Option</b>&#148; has the meaning ascribed thereto in Section&nbsp;1 of the Offer, &#147;The&nbsp;Offer&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Cassels</b>&#148; means Cassels Brock&nbsp;&amp; Blackwell LLP, Canadian counsel to New Gold;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>CDS</b>&#148; means CDS Clearing and Depository Services&nbsp;Inc., or its nominee, which at the date hereof is CDS&nbsp;&amp;&nbsp;Co.;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>CDSX</b>&#148; means the CDS on-line tendering system pursuant to which book-entry transfers may be&nbsp;effected;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Change of Control Time</b>&#148; has the meaning ascribed thereto in Section&nbsp;6 of the Circular, &#147;Acquisition Agreement&nbsp;&#151; Termination of the Acquisition Agreement&#148;;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9<a name="PB_9_072125_8627"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='9',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-03.htm',USER='105732',CD='Jun 18 06:50 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>CIBC</b>&#148; means CIBC World Markets Inc., financial advisor to the Special Committee;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Circular</b>&#148; means the take-over bid circular accompanying and forming part of the&nbsp;Offer;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Code</b>&#148; has the meaning given to it in Section&nbsp;20 of the Circular, &#147;Certain United&nbsp;States Federal Income Tax Considerations&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Commissioner</b>&#148; means the Commissioner of Competition appointed under subsection 7(1)&nbsp;of the Competition Act, or his designee;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Compelled Acquisition</b>&#148; has the meaning ascribed thereto in Section&nbsp;9 of the Circular, &#147;Acquisition of Shares Not Deposited&nbsp;&#151; Compelled Acquisition&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Competition Act</b>&#148; means the <i>Competition Act</i> (Canada) and the regulations promulgated thereunder, as amended or replaced from time to time;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Competition Act Approval</b>&#148; means (a)&nbsp;issuance of an Advance Ruling Certificate where such Advance Ruling Certificate has not been rescinded prior to the Expiry Time, (b)&nbsp;New Gold and Rainy River have given notice required under Section&nbsp;114 of the Competition Act with respect to the transactions contemplated by the Acquisition Agreement and the applicable waiting periods under Section&nbsp;123 of the Competition Act have expired or have been terminated or waived in accordance with the Competition Act, or (c)&nbsp;the obligation to give the requisite notice has been waived pursuant to paragraph 113(c)&nbsp;of the Competition Act, and, in the case of (b)&nbsp;or (c), a No-Action Letter, in a form acceptable to New Gold, acting reasonably, has been issued and has not been rescinded prior to the Expiry Time (except where such rescission is owing to any conduct by New Gold);</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Competition Challenge</b>&#148; has the meaning ascribed thereto in Section&nbsp;18 of the Circular, &#147;Regulatory Considerations &#151; Competition Laws&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Competition Tribunal</b>&#148; means the Competition Tribunal as established by subsection 3(1)&nbsp;of the <i>Competition Tribunal Act</i> (Canada);</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Compulsory Acquisition</b>&#148; has the meaning ascribed thereto in Section&nbsp;9 of the Circular, &#147;Acquisition of Shares Not Deposited&nbsp;&#151; Compulsory Acquisition&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Confidentiality Agreements</b>&#148; means the confidentiality agreements dated May&nbsp;3, 2013, May&nbsp;22, 2012 and December&nbsp;1, 2009, respectively, between Rainy River and New Gold;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Convention</b>&#148; has the meaning ascribed thereto in Section&nbsp;19 of the Circular, &#147;Certain Canadian Federal Income Tax Considerations&nbsp;&#151; Non-Residents of Canada&nbsp;&#151; Disposition of Shares Pursuant to a Subsequent Acquisition Transaction&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Court</b>&#148; has the meaning ascribed thereto in Section&nbsp;9 of the Circular, &#147;Acquisition of Shares Not Deposited&nbsp;&#151; Compulsory Acquisition&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>CRA</b>&#148; means the Canada Revenue Agency;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>December&nbsp;2012 Proposals</b>&#148; has the meaning ascribed thereto in Section&nbsp;19 of the Circular, &#147;Certain Canadian Federal Income Tax Considerations &#151; Residents of Canada &#151; Eligibility of New Gold Shares for Investment&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Depositary</b>&#148; means Computershare Trust Company of Canada;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Deposited Shares</b>&#148; has the meaning ascribed thereto in Section&nbsp;3 of the Offer, &#147;Manner of Acceptance&nbsp;&#151; Dividends and Distributions&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Directors&#146; Circular</b>&#148; means the directors&#146; circular of the Rainy River Board dated June&nbsp;18, 2013 recommending that Shareholders accept the&nbsp;Offer;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Dissenting Offeree</b>&#148; has the meaning ascribed thereto in Section&nbsp;9 of the Circular, &#147;Acquisition of Shares Not Deposited&nbsp;&#151; Compulsory Acquisition&#148;;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10<a name="PB_10_072132_7906"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='10',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-03.htm',USER='105732',CD='Jun 18 06:50 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Distributions</b>&#148; has the meaning ascribed thereto in Section&nbsp;3 of the Offer, &#147;Manner of Acceptance&nbsp;&#151; Dividends and Distributions&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>DRS Advice</b>&#148; means, with respect to the applicable securities, written evidence of the book entry issuance or holding of such securities issued to the holder of such securities by the transfer agent of such securities;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>DTC</b>&#148; means The Depository Trust Company, or its nominee;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Effective Time</b>&#148; has the meaning ascribed thereto in Section&nbsp;3 of the Offer, &#147;Manner of Acceptance&nbsp;&#151; Power of&nbsp;Attorney&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Elected Amount</b>&#148; has the meaning ascribed thereto in Section&nbsp;19 of the Circular, &#147;Certain Canadian Federal Income Tax Considerations&nbsp;&#151; Residents of Canada&nbsp;&#151; Disposition of Shares Under the Offer&nbsp;&#151; Exchange of Shares for New Gold Shares Only or a Combination of New Gold Shares and Cash &#151; Tax Election&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Eligible Holder</b>&#148; means a Shareholder who elects the Share Option or elects the Cash Option but the prorating provisions of the Offer apply pursuant to the Offer and who is (a)&nbsp;a resident of Canada for the purposes of the Tax&nbsp;Act and any applicable tax treaty or convention and who is not exempt from tax on income under the Tax&nbsp;Act, or (b)&nbsp;a non-resident of Canada for the purposes of the Tax&nbsp;Act and any applicable tax treaty or convention whose Shares are &#147;taxable Canadian property&#148; (as&nbsp;defined by the Tax&nbsp;Act) to such Shareholder and who is not exempt from Canadian tax in respect of any gain such Shareholder would realize on a disposition of Shares by reason of an exemption contained in the Tax&nbsp;Act or an applicable income tax treaty or convention, or (c)&nbsp;a partnership if one or more members of the partnership are described in (a)&nbsp;or&nbsp;(b);</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Eligible Institution</b>&#148; means a Canadian schedule&nbsp;1 chartered bank, a major trust company in Canada, a member of the Securities Transfer Agent Medallion Program (STAMP), a member of the Stock Exchanges Medallion Program (SEMP) or a member of the New&nbsp;York Stock Exchange&nbsp;Inc. Medallion Signature Program&nbsp;(MSP);</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Employee Share Purchase Plan</b>&#148; means the Employee Share Purchase Plan of Rainy River having an effective date of April&nbsp;17, 2012;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Expiry Time</b>&#148; means 5:00&nbsp;p.m. (Toronto time) on July&nbsp;24, 2013, or such later time or times and date or dates as may be fixed by New Gold from time to time pursuant to Section&nbsp;5 of the Offer, &#147;Extension, Variation or Change in the Offer&#148;, unless the Offer is withdrawn by New Gold;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Flip-in Event</b>&#148; has the meaning ascribed thereto in Section&nbsp;21 of the Circular, &#147;Shareholder Rights Plan&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>fully-diluted basis</b>&#148; means, with respect to the number of outstanding Shares at any time, the number of Shares that would be outstanding if all of the in-the-money Options were exercised;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Governmental Entity</b>&#148; means any: (a)&nbsp;multinational or supranational body or organization, nation, government, state, province, country, territory, municipality, quasi-government, administrative, judicial or regulatory authority, agency, board, body, bureau, commission, instrumentality, court or tribunal or political subdivision thereof, any central bank (or&nbsp;similar monetary or regulatory authority), taxing authority, ministry, department or agency of any of the foregoing; (b)&nbsp;self-regulatory organization or stock exchange, including the TSX and the NYSE MKT; (c)&nbsp;entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government; and (d)&nbsp;corporation or other entity owned or controlled, through stock or capital ownership or otherwise, by any of such entities or other bodies pursuant to the&nbsp;foregoing;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>IFRS</b>&#148; means International Financial Reporting Standards and refers to the accounting framework, standards and interpretations issued by the International Accounting Standards Board, as updated and amended from time to time, and comprise International Financial Reporting Standards,&nbsp;International Accounting Standards,&nbsp;IFRIC Interpretations (as issued by the IFRS Interpretations Committee) and SIC Interpretations (as issued by the Standing Interpretations Committee);</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Information Agent</b>&#148; means Kingsdale Shareholder Services&nbsp;Inc.;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>insider</b>&#148; has the meaning ascribed thereto in the BCSA;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>IRS</b>&#148; has the meaning ascribed thereto in Section&nbsp;20 of the Circular, &#147;Certain United&nbsp;States Federal Income Tax Considerations&#148;;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11<a name="PB_11_072144_3736"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='11',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-03.htm',USER='105732',CD='Jun 18 06:50 2013' -->


<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Laws</b>&#148; means any applicable laws, including international, national, provincial, state, municipal and local laws (including common law), treaties, statutes, ordinances, judgments, decrees, injunctions, writs, certificates and orders, by-laws, rules, regulations, ordinances or other requirements of any Governmental Entity having the force of law and the term &#147;applicable&#148; with respect to such Laws and in a context that refers to one or more persons, means such Laws as are applicable to such person or persons or its or their business, undertaking, property or securities and emanate from a person having jurisdiction over the person or persons or its or their business, undertaking, property or&nbsp;securities;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Letter of Transmittal</b>&#148; means, with respect to the Offer, the letter of transmittal and election form in the form accompanying the Offer and Circular (printed on YELLOW paper) and, with respect to a Compulsory Acquisition or a Subsequent Acquisition Transaction, the letter of transmittal accompanying the Offeror&#146;s Notice delivered in connection with such transaction;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Lock-Up Agreements</b>&#148; means the lock-up agreements dated May&nbsp;31, 2013 between New Gold and each of the Locked-Up Shareholders, as amended from time to&nbsp;time;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Locked-Up Shareholders</b>&#148; means, collectively, each of the directors and officers of Rainy River, beneficially owning in aggregate Shares representing approximately 4.8% of the Shares on a fully-diluted basis, and &#147;<b>Locked-Up Shareholder</b>&#148; means any one of the Locked-Up Shareholders;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Market Price</b>&#148; has the meaning ascribed thereto in Section&nbsp;21 of the Circular, &#147;Shareholder Rights Plan&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Match Period</b>&#148; has the meaning ascribed thereto in Section&nbsp;6 of the Circular, &#147;Acquisition Agreement&nbsp;&#151; Non Solicitation Covenant&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Material Adverse Effect</b>&#148; means, in respect of a person, any effect that is, or could reasonably be expected to be, material and adverse to the business, condition (financial or otherwise), properties, assets (tangible or intangible), prospects, liabilities (whether absolute, accrued, conditional or otherwise), operations or results of operations of such person and its subsidiaries taken as a whole, other than any&nbsp;effect:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">relating to the economy, political conditions or securities markets in general in the jurisdictions in which such person has material operations or to any natural disaster, epidemic, act of terrorism or sabotage, military action or war (whether or not declared) or any escalation or worsening thereof;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">affecting the gold mining industry in general;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">resulting from a change in the market price for gold;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">related to any changes in currency exchange rates, interest rates or inflation;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">resulting from compliance with the Acquisition Agreement or from any action or inaction of Rainy River or the Rainy River Subsidiary to which New Gold has expressly consented in writing;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">relating to a change in the market trading price of shares of that person,&nbsp;either:</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">related to the Acquisition Agreement and the Offer or the announcement thereof,&nbsp;or</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">related to such a change in the market trading price primarily resulting from a change, effect, event or occurrence excluded from this definition of Material Adverse Effect referred to in clause&nbsp;(a), (b), (c), (d), (e)&nbsp;and (g);&nbsp;or</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">relating to any generally applicable change in applicable Laws (other than orders, judgments or decrees against such person or any of its subsidiaries) or in accounting principles or standards applicable to that&nbsp;person;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">provided, however, that the effect referred to in clause&nbsp;(a), (b), (c), (d), (e)&nbsp;or (g)&nbsp;above does not primarily relate only to (or&nbsp;have the effect of primarily relating only to) such person and its subsidiaries, taken as a whole, or disproportionately adversely affect such person and its subsidiaries, taken as a whole, compared to other companies of similar size operating in the industry in which it and its subsidiaries operate;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12<a name="PB_12_072238_9621"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='12',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-05.htm',USER='105732',CD='Jun 18 06:51 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>material fact</b>&#148; has the meaning ascribed thereto in the BCSA;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Maximum Cash Consideration</b>&#148; means the result obtained when the product of $3.83 multiplied by the aggregate number of Shares outstanding on a fully-diluted basis (that are not held by New Gold) is multiplied by 0.50, and is approximately $198 million based on the aggregate number of Shares outstanding as at May&nbsp;30, 2013 on a fully-diluted basis;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Maximum Share Consideration</b>&#148; means that number of New Gold Shares that is equal to (i)&nbsp;0.5, multiplied by (ii)&nbsp;the aggregate number of Shares outstanding on a fully-diluted basis (that are not held by New Gold), multiplied by (iii)&nbsp;0.50, and is approximately 25.8&nbsp;million New Gold Shares based on the aggregate number of Shares outstanding as at May&nbsp;30, 2013 on a fully-diluted basis;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Maximum Take-Up Date Cash Consideration</b>&#148; has the meaning ascribed thereto in Section&nbsp;1 of the Offer, &#147;The Offer&nbsp;&#151; Pro Rationing&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Maximum Take-Up Date Share Consideration</b>&#148; has the meaning ascribed thereto in Section&nbsp;1 of the Offer, &#147;The Offer&nbsp;&#151; Pro Rationing&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>MI 61-101</b>&#148; means Multilateral Instrument&nbsp;61-101&nbsp;&#151; <i>Protection of Minority Security Holders in Special Transactions</i>, as amended or replaced from time to&nbsp;time;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>MI 62-104</b>&#148; means Multilateral Instrument&nbsp;62-104&nbsp;&#151; <i>Take-Over Bids and Issuer Bids,</i> as amended or replaced from time to&nbsp;time;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Mineral Property Option Agreements</b>&#148; means, collectively, the 21 mineral property option agreements entered into by Rainy River and disclosed by Rainy River to New Gold;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Minimum Tender Condition</b>&#148; has the meaning ascribed thereto in Section&nbsp;4 of the Offer, &#147;Conditions of the&nbsp;Offer&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>New Gold</b>&#148; means New Gold Inc., a corporation existing under the laws of the Province of&nbsp;British Columbia;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>New Gold Expense Reimbursement Amount</b>&#148; has the meaning ascribed thereto in Section&nbsp;6 of the Circular, &#147;Acquisition Agreement&nbsp;&#151; Termination Payment and Expense Reimbursement Payments&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>New Gold Series&nbsp;A Warrants</b>&#148; has the meaning ascribed thereto in Section&nbsp;16 of the Circular, &#147;Certain Information Concerning Securities of New Gold&nbsp;&#151; Authorized and Outstanding Share Capital&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>New Gold Shares</b>&#148; means the common shares of New Gold, and &#147;<b>New Gold Share</b>&#148; means one common share of New Gold;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>New Gold Termination Event</b>&#148; has the meaning ascribed thereto in Section&nbsp;6 of the Circular, &#147;Acquisition Agreement&nbsp;&#151; Termination of the Acquisition Agreement&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>NI&nbsp;43-101</b>&#148; means National Instrument&nbsp;43-101&nbsp;&#151; <i>Standards of Disclosure for Mineral Projects</i>, as amended or replaced from time to time;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>No-Action Letter</b>&#148; means a written letter from the Commissioner confirming that the Commissioner does not, at that time, intend to make an application for an order under Section&nbsp;92 of the Competition Act;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Non-Resident Shareholder</b>&#148; has the meaning ascribed thereto in Section&nbsp;19 of the Circular, &#147;Certain Canadian Federal Income Tax Considerations&nbsp;&#151; Non-Residents of&nbsp;Canada&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Notice of Guaranteed Delivery</b>&#148; means the notice of guaranteed delivery in the form accompanying the Offer and Circular (printed on PINK&nbsp;paper);</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Notifiable Transactions</b>&#148; has the meaning ascribed thereto in Section&nbsp;18 of the Circular, &#147;Regulatory Considerations &#151; Competition Laws&#148;;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13<a name="PB_13_072249_8715"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='13',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-05.htm',USER='105732',CD='Jun 18 06:51 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Notification</b>&#148; has the meaning ascribed thereto in Section&nbsp;18 of the Circular, &#147;Regulatory Considerations &#151; Competition Laws&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Number of Delivered New Gold Shares</b>&#148; has the meaning ascribed thereto in Section&nbsp;1 of the Offer, &#147;The Offer&nbsp;&#151; Pro Rationing&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>NYSE</b><b> MKT</b>&#148; means NYSE MKT LLC;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Offer</b>&#148; means the offer to purchase Shares and SRP Rights made hereby to the Shareholders pursuant to the terms set forth herein and subject to the conditions set out&nbsp;herein;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Offeror&#146;s Notice</b>&#148; has the meaning ascribed thereto in Section&nbsp;9 of the Circular, &#147;Acquisition of Shares Not Deposited&nbsp;&#151; Compulsory Acquisition&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Option Plans</b>&#148; means, collectively, the 2002 Option Plan and the 2012 Option Plan;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Options</b>&#148; means, collectively, the options issued and outstanding as of May&nbsp;31, 2013 pursuant to the Option Plans;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>OSA</b>&#148; means the <i>Securities Act</i> (Ontario), as amended or replaced from time to time;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>OSC Rule&nbsp;62-504</b>&#148; means Ontario Securities Commission Rule&nbsp;62-504&nbsp;&#151; <i>Take-Over Bids and Issuer Bids</i>, as amended or replaced from time to&nbsp;time;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Outside Date</b>&#148; has the meaning ascribed thereto in Section&nbsp;6 of the Circular, &#147;Acquisition Agreement&nbsp;&#151; Termination of the Acquisition Agreement&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Outside Date Termination Event</b>&#148; has the meaning ascribed thereto in Section&nbsp;6 of the Circular, &#147;Acquisition Agreement &#151; Termination of the Acquisition Agreement&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Participation Agreement</b>&#148; means the Participation Agreement entered into between Rainy River and the First Nations identified as signatories therein, dated as of March&nbsp;22, 2012, as amended November&nbsp;9, 2012;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Paul, Weiss</b>&#148; means Paul, Weiss, Rifkind, Wharton&nbsp;&amp; Garrison LLP, U.S. counsel to New Gold;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Permitted Bid</b>&#148; has the meaning ascribed thereto in Section&nbsp;21 of the Circular, &#147;Shareholder Rights Plan&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>person</b>&#148; means an individual, general partnership, limited partnership, corporation, company, limited liability company, unincorporated association, unincorporated syndicate, unincorporated organization, trust, trustee, executor, administrator, other legal representative and any other form of entity or organization;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>PFIC</b>&#148; has the meaning ascribed thereto in Section&nbsp;20 of the Circular, &#147;Certain United&nbsp;States Federal Income Tax Considerations&nbsp;&#151; Potential Treatment of Rainy River as a&nbsp;PFIC&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Purchase Price</b>&#148; has the meaning ascribed thereto in Section&nbsp;1 of the Offer, &#147;The&nbsp;Offer&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Purchased Shares</b>&#148; has the meaning ascribed thereto in Section&nbsp;3 of the Offer, &#147;Manner of Acceptance&nbsp;&#151; Power of&nbsp;Attorney&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>QEF</b>&#148; has the meaning ascribed thereto in Section&nbsp;20 of the Circular, &#147;Certain United&nbsp;States Federal Income Tax Considerations&nbsp;&#151; Potential Treatment of Rainy River as a&nbsp;PFIC&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Rainy River</b>&#148; means Rainy River Resources Ltd., a corporation existing under the laws of the Province of British Columbia, including, if the context so requires, its&nbsp;affiliates;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Rainy River Board</b>&#148; means the board of directors of Rainy River;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Rainy River Expense Reimbursement Amount</b>&#148; has the meaning ascribed thereto in Section&nbsp;6 of the Circular, &#147;Acquisition Agreement&nbsp;&#151; Termination Payment and Expense Reimbursement Payments&#148;;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14<a name="PB_14_072257_563"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='14',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-05.htm',USER='105732',CD='Jun 18 06:51 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Rainy River Subsidiary</b>&#148; means 608457 B.C. Ltd.;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Rainy River Termination Event</b>&#148; has the meaning ascribed thereto in Section&nbsp;6 of the Circular, &#147;Acquisition Agreement&nbsp;&#151; Termination of the Acquisition Agreement&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>RBC</b><b> Capital Markets</b>&#148; means RBC Dominion&nbsp;Securities&nbsp;Inc., a member company of RBC Capital Markets, financial advisor to New Gold;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Representative</b>&#148; means, in respect of a person, its subsidiaries and its affiliates and its and their directors, officers, employees, agents and representatives (including any financial, legal or other advisors);</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Resident Shareholder</b>&#148; has the meaning ascribed thereto in Section&nbsp;19 of the Circular, &#147;Certain Canadian Federal Income Tax Considerations&nbsp;&#151; Residents of&nbsp;Canada&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>RRIF</b>&#148; has the meaning ascribed thereto in Section&nbsp;19 of the Circular, &#147;Certain Canadian Federal Income Tax Considerations &#151; Residents of Canada &#151; Potential Delisting&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>RRSP</b>&#148; has the meaning ascribed thereto in Section&nbsp;19 of the Circular, &#147;Certain Canadian Federal Income Tax Considerations &#151; Residents of Canada &#151; Potential Delisting&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>SEC</b>&#148; means the United&nbsp;States Securities and Exchange Commission;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>SEDAR</b>&#148; means the System for Electronic Document Analysis and Retrieval on the Canadian Securities Administrators&#146; website at www.sedar.com;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Separation Time</b>&#148; has the meaning ascribed thereto in Section&nbsp;21 of the Circular, &#147;Shareholder Rights Plan&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Share Electing Shareholder</b>&#148; has the meaning ascribed thereto in Section&nbsp;1 of the Offer, &#147;The Offer&nbsp;&#151; Pro Rationing&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Share Option</b>&#148; has the meaning ascribed thereto in Section&nbsp;1 of the Offer, &#147;The&nbsp;Offer&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Shareholder Rights Plan</b>&#148; means the shareholder rights plan of Rainy River dated February&nbsp;6, 2012, ratified by Shareholders on May&nbsp;28, 2012;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Shareholders</b>&#148; means holders of Shares;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Shares</b>&#148; means the issued and outstanding common shares of Rainy River together with any associated SRP Rights, including common shares that may become issued and outstanding after the date of the Offer upon the exercise, exchange or conversion of the Options or Warrants or any other outstanding rights, and &#147;<b>Share</b>&#148; means any one common share of&nbsp;Rainy River;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Soliciting Dealer</b>&#148; has the meaning ascribed thereto in Section&nbsp;22 of the Circular, &#147;Other Matters Related to the Offer&nbsp;&#151; Financial Advisor and Soliciting Dealer&nbsp;Group&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Soliciting Dealer Group</b>&#148; has the meaning ascribed thereto in Section&nbsp;22 of the Circular, &#147;Other Matters Related to the Offer&nbsp;&#151; Financial Advisor and Soliciting Dealer&nbsp;Group&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Special Committee</b>&#148; means the committee of the Rainy River Board composed of Dale Peniuk, Stuart Averill, Leo Berezan, James Excell and Richard Pettit;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>SRP Exercise Price</b>&#148; has the meaning ascribed thereto in Section&nbsp;21 of the Circular, &#147;Shareholder Rights Plan&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>SRP Right</b>&#148; has the meaning ascribed thereto in Section&nbsp;21 of the Circular, &#147;Shareholder Rights Plan&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Subsequent Acquisition Transaction</b>&#148; has the meaning ascribed thereto in Section&nbsp;9 of the Circular, &#147;Acquisition of Shares Not Deposited&nbsp;&#151; Subsequent Acquisition Transaction&#148;;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15<a name="PB_15_072303_9497"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='15',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-05.htm',USER='105732',CD='Jun 18 06:51 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>subsidiary</b>&#148; means, with respect to a person, any body corporate of which more than 50% of the outstanding shares ordinarily entitled to elect a majority of the board of directors thereof (whether or not shares of any other class shall or might be entitled to vote upon the happening of any event or contingency) are at the time owned directly or indirectly by such person and shall include any body corporate, partnership, joint venture or other entity over which it exercises direction or control or which is in a like relation to a&nbsp;subsidiary;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Superior Proposal</b>&#148; has the meaning ascribed thereto in Section&nbsp;6 of the Circular, &#147;Acquisition Agreement&nbsp;&#151; Ability of Rainy River to Accept a Superior Proposal and New Gold&#146;s Right to&nbsp;Match&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Superior Proposal Notice</b>&#148; has the meaning ascribed thereto in Section&nbsp;6 of the Circular, &#147;Acquisition Agreement&nbsp;&#151; Ability of Rainy River to Accept a Superior Proposal and New Gold&#146;s Right to&nbsp;Match&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>take up</b>&#148;, in reference to Shares, means to accept such Shares for payment by giving written notice of such acceptance to the Depositary and &#147;<b>take-up</b>&#148;, &#147;<b>taking up</b>&#148; and &#147;<b>taken up</b>&#148; have corresponding meanings;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Take-Up Date</b>&#148; means any date on which New Gold takes up and pays for Shares pursuant to the Offer or acquires Shares pursuant to a Compulsory Acquisition or a Subsequent Acquisition Transaction;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Tax&nbsp;Act</b>&#148; has the meaning ascribed thereto in Section&nbsp;19 of the Circular, &#147;Certain Canadian Federal Income Tax Considerations&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Tax Election</b>&#148; has the meaning ascribed thereto in Section&nbsp;19 of the Circular, &#147;Certain Canadian Federal Income Tax Considerations &#151; Residents of Canada &#151; Disposition of Shares Under the Offer &#151; Exchange of Shares for New Gold Shares Only or a Combination of New Gold Shares and Cash &#151; Tax Election&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Tax Proposals</b>&#148; has the meaning ascribed thereto in Section&nbsp;19 of the Circular, &#147;Certain Canadian Federal Income Tax Considerations&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>taxable capital gain</b>&#148; has the meaning ascribed thereto in Section&nbsp;19 of the Circular, &#147;Certain Canadian Federal Income Tax Considerations&nbsp;&#151; Residents of Canada&nbsp;&#151; Taxation of Capital Gains and Capital Losses&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Termination Payment</b>&#148; has the meaning ascribed thereto in Section&nbsp;6 of the Circular, &#147;Acquisition Agreement&nbsp;&#151; Termination Payment and Expense Reimbursement Payments&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Termination Payment Event</b>&#148; has the meaning ascribed thereto in Section&nbsp;6 of the Circular, &#147;Acquisition Agreement&nbsp;&#151; Termination Payment and Expense Reimbursement Payments&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>TFSA</b>&#148; has the meaning ascribed thereto in Section&nbsp;19 of the Circular, &#147;Certain Canadian Federal Income Tax Considerations&nbsp;&#151; Residents of Canada&nbsp;&#151; Potential Delisting&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Treasury Regulations</b>&#148; means Regulations of the United&nbsp;States Department of the Treasury and/or the United&nbsp;States Internal Revenue Service promulgated under or in respect of the&nbsp;Code;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>TSX</b>&#148; means the Toronto Stock Exchange;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>U.S.&nbsp;Securities Act</b>&#148; means the United&nbsp;States Securities Act of 1933, as&nbsp;amended, and the rules&nbsp;and regulations promulgated thereunder;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>U.S.&nbsp;Shareholder</b>&#148; has the meaning ascribed thereto in Section&nbsp;20 of the Circular, &#147;Certain United&nbsp;States Federal Income Tax Considerations&#148;;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Waiver</b>&#148; has the meaning ascribed thereto in Section&nbsp;18 of the Circular, &#147;Regulatory Considerations &#151; Competition Laws&#148;; and</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b>Warrants</b>&#148; means the share purchase warrants issued by Rainy River and expiring on February&nbsp;2, 2017, with an exercise price of $10.00 per Share and relating to the right to purchase an aggregate of 100,000 Shares.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16<a name="PB_16_072309_3641"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='16',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-05.htm',USER='105732',CD='Jun 18 06:51 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">OFFER</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">The accompanying Circular, which is incorporated into and forms part of the Offer, contains important information that should be read carefully before making a decision with respect to the Offer. Unless the context otherwise requires, capitalized terms used but not defined in the Offer have the respective meanings set out in the accompanying Glossary.</font></i></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;18, 2013</font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TO: THE HOLDERS OF SHARES OF RAINY RIVER</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">The Offer</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold is offering, upon and subject to the terms and conditions of the Offer, to purchase all of the issued and outstanding Shares and SRP Rights, including all Shares issued after the date hereof but before the Expiry Time upon the exercise, exchange or conversion of the Options or Warrants or any other outstanding rights, for a purchase price (the&nbsp;&#147;<b>Purchase Price</b>&#148;) of, at the election of the Shareholder, either:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">$3.83 in cash for each Share (the&nbsp;&#147;<b>Cash Option</b>&#148;); or</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">0.5 of a New Gold Share for each Share (the&nbsp;&#147;<b>Share Option</b>&#148;),</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">in each case subject to pro ration as set forth below.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The Offer represents a premium of </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">67</font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">% to the volume weighted average price of the Shares on the TSX for the 20-day period ended </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">May&nbsp;30</font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">, 2013, the last trading day prior to the announcement of New Gold&#146;s intention to make the Offer.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The obligation of New Gold to take up and pay for Shares pursuant to the Offer is subject to certain conditions. See Section&nbsp;4 of the Offer, &#147;Conditions of the&nbsp;Offer&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All cash payable under the Offer will be paid in Canadian dollars. Any cash consideration paid under the Offer will be rounded down to the nearest whole cent.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders who deposit their Shares pursuant to the Offer will be deemed to have deposited the SRP Rights associated with such Shares. No additional payment will be made for the SRP Rights and no amount of the consideration paid by New Gold for the Shares will be allocated to the SRP Rights.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Offer is being made only for Shares and SRP Rights and is not made for any Options or Warrants. Any holder of Options or Warrants who wishes to accept the Offer must, to the extent permitted by the terms of such Options or Warrants and applicable Laws, exercise, exchange or convert such Options or Warrants in order to obtain certificates or DRS Advices representing Shares and deposit those Shares in accordance with the terms of the Offer. Any such exercise, exchange or conversion must be completed sufficiently in advance of the Expiry Time to ensure that the holder of such Options or Warrants will have certificates or DRS Advices representing the Shares received on such exercise, exchange or conversion available for deposit at or prior to the Expiry Time, or in sufficient time to comply with the procedures referred to in Section&nbsp;3 of the Offer, &#147;Manner of Acceptance&nbsp;&#151; Procedure for Guaranteed Delivery&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Election of Cash Option or Share Option</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each Shareholder wishing to accept the Offer may elect, in the Letter of Transmittal or Notice of Guaranteed Delivery, as applicable, the Cash Option or the Share Option with respect to all of such Shareholder&#146;s Shares (and may not apportion such Shareholder&#146;s Shares between such consideration alternatives). A Shareholder who fails to elect the Cash Option or the Share Option in the Letter of Transmittal or Notice of Guaranteed Delivery, as applicable, will be deemed to have elected the Cash Option for all of such Shareholder&#146;s Shares deposited under the&nbsp;Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The maximum amount of cash payable by New Gold under the Offer is approximately $198 million and the maximum number of New Gold Shares issuable pursuant to the Offer is approximately 25.8 million New Gold Shares (based on the number of Shares outstanding on a fully-diluted basis as at May&nbsp;30, 2013).</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17<a name="PB_17_072324_5250"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='17',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-05.htm',USER='105732',CD='Jun 18 06:51 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Pro Rationing</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Maximum Cash Consideration and the Maximum Share Consideration will be prorated on each Take-Up Date as necessary to ensure that the total aggregate consideration payable under the Offer and in any Compulsory Acquisition or Subsequent Acquisition Transaction does not exceed the Maximum Cash Consideration and the Maximum Share Consideration. Accordingly:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the aggregate amount of cash that New Gold will pay as consideration for Shares pursuant to the Offer and any Compulsory Acquisition or Subsequent Acquisition Transaction on any Take-Up Date shall not exceed the Maximum Cash Consideration multiplied by a fraction, the numerator of which is the number of Shares to be taken up on such Take-Up Date and the denominator of which is the total number of outstanding Shares not held by New Gold on the date of the Offer, calculated on a fully-diluted basis (the&nbsp;&#147;<b>Maximum Take-Up Date Cash Consideration</b>&#148;);&nbsp;and</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the aggregate number of New Gold Shares that New Gold will issue as consideration for Shares pursuant to the Offer and any Compulsory Acquisition or Subsequent Acquisition Transaction on any Take-Up Date shall not exceed the Maximum Share Consideration multiplied by a fraction, the numerator of which is the number of Shares to be taken up on such Take-Up Date and the denominator of which is the total number of outstanding Shares not held by New Gold on the date of the Offer, calculated on a fully-diluted basis (the&nbsp;&#147;<b>Maximum Take-Up Date Share Consideration</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The actual consideration to be received by a Shareholder electing (or&nbsp;deemed to be electing) the Cash Option (a&nbsp;&#147;<b>Cash Electing Shareholder</b>&#148;) and a Shareholder electing the Share Option (a&nbsp;&#147;<b>Share Electing Shareholder</b>&#148;) is subject to the&nbsp;following:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">if, on any Take-Up Date, the aggregate cash consideration that would otherwise be payable by New Gold to Cash Electing Shareholders in respect of their Shares to be taken up on such Take-Up Date exceeds the Maximum Take-Up Date Cash Consideration, then the Maximum Take-Up Date Cash Consideration will be prorated among the Cash Electing Shareholders such that each Cash Electing Shareholder will receive an amount equal to the amount of the cash sought by such Cash Electing Shareholder multiplied by a fraction, the numerator of which is&nbsp;the Maximum Take-Up Date Cash Consideration, and the denominator of which is the aggregate amount of the cash consideration sought by all Cash Electing Shareholders on such Take-Up Date, and each such Cash Electing Shareholder will receive the balance of the consideration to which they are entitled in the form of a number of New Gold Shares, calculated by dividing such balance by $7.66, rounded down to the nearest whole number (with cash paid in lieu of any fractional New Gold Share);&nbsp;and</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">if, on any Take-Up Date, the number of New Gold Shares that would otherwise be issuable to Share Electing Shareholders in respect of their Shares to be taken up on such Take-Up Date exceeds the Maximum Take-Up Date Share Consideration, then the Maximum Take-Up Date Share Consideration will be prorated among the Share Electing Shareholders such that each Share Electing Shareholder will receive a number of New Gold Shares (the&nbsp;&#147;<b>Number of Delivered New Gold Shares</b>&#148;) equal to the number of New Gold Shares sought by such Share Electing Shareholder multiplied by a fraction (rounded to four decimal places), the numerator of which is the Maximum Take-Up Date Share Consideration, and the denominator of which is the aggregate number of New Gold Shares sought by all Share Electing Shareholders in respect of their Shares to be taken up on such Take-Up Date, rounded down to the nearest whole number (with cash paid in lieu of any fractional New Gold Share), and each such Share Electing Shareholder will receive the balance of the consideration to which they are entitled in cash, calculated by subtracting (i)&nbsp;the product of (A)&nbsp;the Number of Delivered New Gold Shares multiplied by (B)&nbsp;$7.66, from (ii)&nbsp;the product of (A)&nbsp;$3.83 multiplied by (B)&nbsp;the number of Shares of the Share Electing Shareholder taken up by New Gold on such Take-Up Date, and the result thereof is rounded down to the nearest&nbsp;$0.01.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For greater certainty: (a)&nbsp;if a Shareholder elects (or&nbsp;is deemed to elect) the Cash Option and, as a result of the prorationing described above, receives any New Gold Shares, such Shareholder will be deemed to have received a proportionate amount of cash and New Gold Shares as consideration for each whole Share deposited under the Offer by such Shareholder in respect of which the Shareholder elected (or&nbsp;is deemed to have elected) the Cash Option; and (b)&nbsp;if a Shareholder elects the Share Option and, as a result of the prorationing described above, receives any cash consideration, such Shareholder will be deemed to have received a proportionate amount of New Gold Shares and cash as consideration for</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18<a name="PB_18_072332_7672"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='18',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-05.htm',USER='105732',CD='Jun 18 06:51 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">each whole Share deposited under the Offer by such Shareholder in respect of which the Shareholder elected the Share&nbsp;Option.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If all Shareholders deposited their Shares to the Cash Option or all Shareholders deposited their Shares to the Share Option, each Shareholder would be entitled to receive approximately $1.91 in cash and 0.25 of a New Gold Share for each Share deposited, subject to adjustment for fractional shares.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">No Fractional Shares</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No fractional New Gold Shares will be issued under the Offer. Any Shareholder who would otherwise be entitled to receive a fractional New Gold Share will receive the applicable number of New Gold Shares, rounded down to the nearest whole number, and cash in lieu of the fractional New Gold Share, rounded down to the nearest whole cent. Any cash paid in lieu of any fractional New Gold Share hereunder shall be in addition to and shall not reduce the Maximum Cash Consideration. In the event a Shareholder is entitled to receive cash in lieu of any fractional New Gold Share, the cash payment will be equal to such fractional New Gold Share multiplied by&nbsp;$7.66, rounded down to the nearest whole cent.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Rainy River Board Recommendation</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Rainy River Board, after consultation with its financial and legal advisors and following receipt of a unanimous recommendation of the Special Committee, has unanimously determined that the Offer is in the best interests of Rainy River and the Shareholders and, accordingly, has unanimously approved the entering into of the Acquisition Agreement and unanimously recommends that Shareholders accept the Offer and tender their Shares to the Offer. For further information, see Section&nbsp;6 of the Circular, &#147;Acquisition Agreement&nbsp;&#151; Support of the Offer&#148;, and the accompanying Directors&#146; Circular.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Options and Warrants</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Offer is being made only for Shares and SRP Rights and is not made for any Options or Warrants. Any holder of Options or Warrants who wishes to accept the Offer must, to the extent permitted by the terms of the security and applicable Laws, exercise, exchange or convert such Options or Warrants in order to obtain certificates or DRS Advices representing Shares and deposit those Shares in accordance with the terms of the Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Rainy River Board passed resolutions on June&nbsp;14, 2013 to accelerate the vesting of unvested Options, conditional upon New Gold taking up Shares under the Offer, such that all Options are fully vested and exercisable for purposes of tendering the underlying Shares to the Offer. If the Offer is not completed, holders who exercised their Options (i)&nbsp;may return, or (ii)&nbsp;if such Options were accelerated, will be required to return, to Rainy River all Shares issued pursuant to such exercised Options, and such Options will be reinstated as if they had not been&nbsp;exercised. Additionally, Rainy River has agreed that New Gold&#146;s obligation to take up and pay for Shares under the Offer is conditional upon Rainy River having made commercially reasonable efforts to cause all Options outstanding under the Option Plans to be exercised or surrendered for cancellation at the Expiry Time.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rainy River has agreed that New Gold&#146;s obligation to take up and pay for Shares under the Offer is conditional upon Rainy River and the Rainy River Board, as applicable, having made commercially reasonable efforts to amend the warrant certificate evidencing the Warrants to provide that each Warrant that has not been exercised prior to the Expiry Time shall entitle the holder thereof to receive, in lieu of that number of Shares otherwise issuable upon exercise of the Warrants, that number of New Gold Shares that such holder would have been entitled to receive under the Share Option if such holder had been the holder of the number of Shares to which such holder was entitled upon exercise thereof immediately prior to the Expiry Time (adjusted in accordance with the applicable exchange ratio under the Offer).</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Rollover Election</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Eligible Holders may, depending on the circumstances, make the necessary joint tax election with New Gold to obtain a full or partial tax-deferred rollover for Canadian federal income tax purposes. See Section&nbsp;19 of the Circular, &#147;Certain Canadian Federal Income Tax Considerations&#148;.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Right of Dissent</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders who do not deposit their Shares under the Offer will not be entitled to any right of dissent or appraisal in connection with the Offer. However, Shareholders who do not deposit their Shares under the Offer may have certain rights</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">19<a name="PB_19_072339_536"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='19',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-05.htm',USER='105732',CD='Jun 18 06:51 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">of dissent in the event New Gold acquires at least 90% of the issued and outstanding Shares or acquires such Shares by way of a Compulsory Acquisition or Subsequent Acquisition Transaction. See Section&nbsp;9 of the Circular, &#147;Acquisition of Shares Not&nbsp;Deposited&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">No Offer Where Unlawful</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This document does not constitute an offer or a solicitation to any person in any jurisdiction in which such offer or solicitation is unlawful. The Offer is not being made to, nor will deposits be accepted from or on behalf of, Shareholders in any jurisdiction in which the making or acceptance of the Offer would not be in compliance with the laws of such jurisdiction. However, New Gold may, in New Gold&#146;s sole discretion, take such action as New Gold may deem necessary to extend the Offer to Shareholders in any such jurisdiction.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Further Information</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders should contact the Depositary, the Information Agent or a broker or dealer for assistance in accepting the Offer and in depositing Shares with the&nbsp;Depositary.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Fees and Expenses</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Shareholders will not be required to pay any fee or commission if they accept the Offer by depositing their Shares directly with the&nbsp;Depositary.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Non-Registered Shareholders</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Shareholders whose Shares are registered in the name of an investment advisor, stockbroker, bank, trust company or other nominee should immediately contact such nominee for assistance in depositing their Shares. Intermediaries likely have established tendering cut-off times that are up to 48&nbsp;hours prior to the Expiry Time. Shareholders must instruct their brokers or other intermediaries promptly if they wish to&nbsp;tender.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">2.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Time for Acceptance</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Offer is open for acceptance from the date of the Offer until 5:00&nbsp;p.m. (Toronto time) on July&nbsp;24, 2013, or such later time or times and date or dates as may be fixed by New Gold from time to time pursuant to Section&nbsp;5 of the Offer, &#147;Extension, Variation or Change in the Offer&#148;, unless the Offer is withdrawn by New Gold.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">3.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Manner of Acceptance</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Letter of Transmittal</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Offer may be accepted by delivering to the Depositary at its office in Toronto, Ontario specified in the Letter of Transmittal (printed on YELLOW paper) accompanying the Offer, so as to be received at or prior to the Expiry&nbsp;Time:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the certificate(s)&nbsp;or DRS Advice(s)&nbsp;representing the Shares in respect of which the Offer is being&nbsp;accepted;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">a Letter of Transmittal in the form accompanying the Offer, or a manually executed facsimile thereof, properly completed and executed in accordance with the instructions set out in the Letter of Transmittal;&nbsp;and</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">all other documents required by the instructions set out in the Letter of&nbsp;Transmittal.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Offer will be deemed to be accepted only if the Depositary has actually received these documents at its office in Toronto, Ontario specified in the Letter of Transmittal at or prior to the Expiry Time. Alternatively, Shares may be deposited under the Offer in compliance with the procedures for guaranteed delivery set out below under the heading &#147;&#151;&nbsp;Procedure for Guaranteed Delivery&#148; or in compliance with the procedures for book-entry transfers set out below under the heading &#147;&#151;&nbsp;Acceptance by Book-Entry Transfer&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders will not be required to pay any fee or commission if they accept the Offer by depositing their Shares directly with the&nbsp;Depositary.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20<a name="PB_20_072349_5926"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='20',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-05.htm',USER='105732',CD='Jun 18 06:51 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In certain cases, the signatures on the Letter of Transmittal must be guaranteed by an Eligible Institution. See &#147;&#151;&nbsp;Letter of Transmittal Signature Guarantees&#148; below and the instructions set out in the Letter of&nbsp;Transmittal.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Letter of Transmittal Signature Guarantees</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No signature guarantee is required on the Letter of Transmittal if:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Letter of Transmittal is signed by the registered owner of Shares exactly as the name of the registered holder appears on the Share certificate(s)&nbsp;or DRS Advice(s)&nbsp;deposited therewith, and the consideration payable under the Offer is to be delivered directly to such registered holder;&nbsp;or</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Shares are deposited for the account of an Eligible Institution.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In all other cases, all signatures on the Letter of Transmittal must be guaranteed by an Eligible Institution. If a certificate or DRS Advice representing Shares is registered in the name of a person other than the signatory of a Letter of Transmittal or if the consideration payable under the Offer is to be delivered to a person other than the registered holder, the certificate or DRS Advice must be endorsed or accompanied by an appropriate share transfer power of attorney, as applicable and in either case, signed exactly as the name of the registered holder appears on the certificate or DRS Advice with the signature on the certificate or power of attorney, as applicable, guaranteed by an Eligible Institution.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Procedure for Guaranteed Delivery</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If a Shareholder wishes to deposit Shares under the Offer and (a)&nbsp;the certificate(s)&nbsp;or DRS Advice(s)&nbsp;representing the Shares is (are) not immediately available, (b)&nbsp;the Shareholder cannot complete the procedure for book-entry transfer of the Shares on a timely basis, or (c)&nbsp;the certificate(s)&nbsp;or DRS Advice(s)&nbsp;and all other required documents cannot be delivered to the Depositary at or prior to the Expiry Time, those Shares may nevertheless be deposited validly under the Offer provided that all of the following conditions are&nbsp;met:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the deposit is made by or through an Eligible Institution;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">a Notice of Guaranteed Delivery (printed on PINK paper), in the form accompanying the Offer, properly completed and executed, or a manually executed facsimile thereof, including a guarantee of delivery by an Eligible Institution in the form set out in the Notice of Guaranteed Delivery, is received by the Depositary at its office in Toronto, Ontario specified in the Notice of Guaranteed Delivery at or prior to the Expiry Time;&nbsp;and</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the certificate(s)&nbsp;or DRS Advice(s)&nbsp;representing all deposited Shares, together with a Letter of Transmittal, or a manually executed facsimile thereof, properly completed and executed, with the signatures guaranteed, if required, in accordance with the instructions set out in the Letter of Transmittal, and all other documents required thereby, are received by the Depositary at its office in Toronto, Ontario specified in the Letter of Transmittal at or prior to 5:00&nbsp;p.m. (Toronto time) on the third trading day on the TSX after the Expiry&nbsp;Time.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If a Shareholder delivers a Notice of Guaranteed Delivery in respect of Shares deposited with a subsequent Letter of Transmittal, the election (or&nbsp;deemed election) made in that Notice of Guaranteed Delivery as to the consideration to be received will supersede any election made in such subsequent Letter of&nbsp;Transmittal.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The Notice of Guaranteed Delivery must be delivered by hand or courier or transmitted by facsimile or mailed to the Depositary at its office in Toronto, Ontario specified in the Notice of Guaranteed Delivery at or prior to the Expiry Time and must include a guarantee by an Eligible Institution in the form set forth in the Notice of Guaranteed Delivery. Delivery of the Notice of Guaranteed Delivery and the Letter of Transmittal and accompanying certificate(s)&nbsp;</font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">or DRS Advice(s)&nbsp;</font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">representing Shares and all other required documents to an address or transmission by facsimile to a facsimile number other than those specified in the Notice of Guaranteed Delivery does not constitute delivery for purposes of satisfying a guaranteed delivery.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">21<a name="PB_21_072355_4688"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='21',FILE='C:\JMS\105732\13-14720-1\task6100620\14720-1-ka-05.htm',USER='105732',CD='Jun 18 06:51 2013' -->


<br clear="all" style="page-break-before:always;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Acceptance by Book-Entry Transfer</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders may accept the Offer by following the procedures for a book-entry transfer established by CDS, provided that a Book-Entry Confirmation through CDSX is received by the Depositary at its office in Toronto, Ontario specified in the Letter of Transmittal at or prior to the Expiry Time. The Depositary has established an account at CDS for the purpose of the Offer. Any financial institution that is a participant in CDS may cause CDS to make a book-entry transfer of a Shareholder&#146;s Shares into the Depositary&#146;s account in accordance with CDS procedures for such transfer. Delivery of Shares to the Depositary by means of a book-entry transfer will constitute a valid deposit of Shares under the&nbsp;Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders who, through their respective CDS participants, utilize CDSX to accept the Offer through a book-entry transfer of their holdings into the Depositary&#146;s account with CDS shall be deemed to have completed and submitted a Letter of Transmittal and to be bound by the terms thereof and, therefore, such instructions received by the Depositary are considered a valid deposit in accordance with the terms of the&nbsp;Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders may also accept the Offer by following the procedures for a book-entry transfer established by DTC, provided that a Book-Entry Confirmation, together with an Agent&#146;s Message (as&nbsp;defined below) in respect thereof, or a properly completed and executed Letter of Transmittal (including signature guarantee if required), or a manually executed facsimile thereof, and all other required documents, are received by the Depositary at its office in Toronto, Ontario specified in the Letter of Transmittal at or prior to the Expiry Time. The Depositary has entered into an ATOP (Automated Tender Offer Program) agreement with DTC for the purpose of the Offer. Any financial institution that is a participant in DTC may cause DTC to deliver an Agent&#146;s Message of the book-entry transfer of a Shareholder&#146;s Shares to the Depositary in accordance with DTC&#146;s procedures for such transfer. However, although delivery of Shares may be effected through book-entry transfer at DTC, either an Agent&#146;s Message in respect thereof or a Letter of Transmittal, or a manually executed facsimile thereof, properly completed and executed (including signature guarantee if required), and all other required documents, must, in any case, be received by the Depositary at its office in Toronto, Ontario specified in the Letter of Transmittal at or prior to the Expiry Time. Delivery of documents to DTC in accordance with its procedures does not constitute delivery to the Depositary. Such documents or Agent&#146;s Message should be sent to the&nbsp;Depositary.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The term &#147;<b>Agent&#146;s Message</b>&#148; means a message transmitted by DTC to, and received by, the Depositary and forming part of a Book-Entry Confirmation, which states that DTC has received an express acknowledgement from the participant in DTC depositing the Shares which are the subject of such Book-Entry Confirmation that such participant has received and agrees to be bound by the terms of the Letter of Transmittal as if executed by such participant and that New Gold may enforce such agreement against such participant.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">SRP Rights</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders are required to deposit any SRP Rights associated with a Share in order to effect a valid deposit of such Share. While the Offer is not a Permitted Bid for the purposes of the Shareholder Rights Plan, New Gold&#146;s obligation to take up and pay for Shares under the Offer is conditional upon Rainy River having waived, suspended the operation of or otherwise rendered the Shareholder Rights Plan inoperative or ineffective as regards to the Offer. Rainy River has advised New Gold that the Rainy River Board has waived the application of the Shareholder Rights Plan in regards to the Offer. Therefore, if the Rainy River Board does not terminate or vary this waiver such that the Separation Time does not occur prior to the Expiry Time, Shareholders who deposit their Shares pursuant to the Offer will be deemed to have deposited the SRP Rights associated with such Shares.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">General</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Offer will be deemed to be accepted by a Shareholder only if the Depositary has actually received the requisite documents at its office in Toronto, Ontario specified in the Letter of Transmittal at or prior to the Expiry Time. In all cases, payment for the Shares deposited and taken up by New Gold will be made only after timely receipt by the Depositary of: (a)&nbsp;the certificate(s)&nbsp;or DRS Advice(s)&nbsp;representing the Shares (or&nbsp;a Book-Entry Confirmation for the Shares, as applicable); (b)&nbsp;a Letter of Transmittal, or a manually executed facsimile thereof, properly completed and duly executed, covering such Shares, with the signature(s)&nbsp;guaranteed, if required, in accordance with the instructions set out in the Letter of Transmittal (or, in the case of Shares deposited using the procedures for book-entry transfer established by CDS, a Book-Entry Confirmation for the Shares and, in the case of Shares deposited using the procedures for book-entry transfer established by DTC, an Agent&#146;s Message); and (c)&nbsp;all other required documents.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">22<a name="PB_22_072439_2983"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='22',FILE='C:\JMS\106406\13-14720-1\task6098898\14720-1-ka-07.htm',USER='106406',CD='Jun 15 07:25 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The method of delivery of certificate(s)&nbsp;or DRS Advice(s)&nbsp;representing Shares (or&nbsp;a Book-Entry Confirmation, as applicable), the Letter of Transmittal, the Notice of Guaranteed Delivery and all other required documents is at the option and risk of the person depositing such documents. New Gold recommends that such documents be delivered by hand to the Depositary and that a receipt be obtained or, if mailed, that registered mail, with return receipt requested, be used and that proper insurance be obtained. It is suggested that any such mailing be made sufficiently in advance of the Expiry Time to permit delivery to the Depositary at or prior to the Expiry Time. Delivery will only be effective upon actual physical receipt by the&nbsp;Depositary.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Investment advisors, stockbrokers, banks, trust companies or other nominees may set deadlines for the deposit of Shares that are earlier than those specified above. Shareholders whose Shares are registered in the name of an investment advisor, stockbroker, bank, trust company or other nominee should immediately contact such nominee for assistance in depositing their Shares if they wish to accept the&nbsp;Offer.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All questions as to the validity, form, eligibility (including, without limitation, timely receipt) and acceptance of any Shares deposited under the Offer will be determined by New Gold in its sole discretion. Depositing Shareholders agree that such determination will be final and binding. New Gold reserves the absolute right to reject any and all deposits that it determines not to be in proper form or that may be unlawful to accept under the laws of any jurisdiction. New Gold reserves the absolute right to waive any defects or irregularities in the deposit of any Shares. There shall be no duty or obligation of New Gold, the Depositary, the Information Agent or any other person to give notice of any defects or irregularities in any deposit of Shares or any notice of withdrawal and no liability shall be incurred or suffered by any of them for failure to give any such notice. New Gold&#146;s interpretation of the terms and conditions of the Offer, the Circular, the Letter of Transmittal, the Notice of Guaranteed Delivery and any other related documents will be final and&nbsp;binding.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold reserves the right to permit the Offer to be accepted in a manner other than that set out in this Section&nbsp;3.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under no circumstance will interest accrue or any amount be paid by New Gold or the Depositary by reason of any delay in exchanging any Shares or in making payments for any Shares to any person on account of Shares accepted for payment under the&nbsp;Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Dividends and Distributions</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subject to the terms and conditions of the Offer and subject, in particular, to Shares being validly withdrawn by or on behalf of a depositing Shareholder, and except as provided below, by accepting the Offer pursuant to the procedures set out herein, a Shareholder deposits, sells, assigns and transfers to New Gold all right, title and interest in and to the Shares and SRP Rights associated therewith covered by the Letter of Transmittal or book-entry transfer (collectively, the &#147;<b>Deposited Shares</b>&#148;) and in and to all rights and benefits arising from such Deposited Shares including, without limitation, any and all dividends, distributions, payments, securities, property, rights or other interests that may be declared, paid, accrued, issued, distributed, made or transferred on or in respect of the Deposited Shares or any of them on or after the date of the Offer, including, without limitation, any dividends, distributions or payments on such dividends, distributions, payments, securities, property, rights or other interests (collectively, &#147;<b>Distributions</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If, on or after the date of the Offer, Rainy River should declare, set aside or pay any dividend or other Distribution, which is or are payable or distributable to Shareholders on a record date prior to the date of transfer into the name of New Gold or its nominee or transferee on the securities register maintained by or on behalf of Rainy River in respect of Shares accepted for purchase under the Offer, then (and&nbsp;without prejudice to its rights under Section&nbsp;4 of the Offer, &#147;Conditions of the Offer&#148;): (a)&nbsp;in the case of any such cash dividends or other Distributions that in an aggregate amount do not exceed the cash consideration per Share payable by New Gold pursuant to the Offer, the amount of&nbsp;the dividends or other Distributions will be received and held by the depositing Shareholder for the account of New Gold until New Gold pays for such Shares and the Purchase Price payable by New Gold pursuant to the Offer will be reduced by the amount of any such dividend or other Distribution; and (b)&nbsp;in the case of any such cash dividend or other Distribution that in an aggregate amount exceeds the cash consideration per Share payable by New Gold pursuant to the Offer, or in the case of any non-cash dividend or other Distribution, the whole of any such dividend or other Distribution (and&nbsp;not simply the portion that exceeds the Purchase Price payable by New Gold under the Offer) will be received and held by the depositing Shareholder for the account of New Gold and will be promptly remitted and transferred by the depositing Shareholder to the Depositary for the account of New Gold, accompanied by appropriate documentation of transfer. Pending such remittance and transfer, New Gold will be entitled to all rights and privileges as the owner of any such dividend or Distribution and may withhold the entire Purchase Price payable by New Gold under the Offer or deduct from the consideration payable by New Gold under the Offer the amount or value thereof, as determined by New Gold in its sole discretion.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23<a name="PB_23_072445_6228"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='23',FILE='C:\JMS\106406\13-14720-1\task6098898\14720-1-ka-07.htm',USER='106406',CD='Jun 15 07:25 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The declaration or payment of any such Distribution may have tax consequences not discussed in Section&nbsp;19 of the Circular, &#147;Certain Canadian Federal Income Tax Considerations&#148;, or Section&nbsp;20 of the Circular, &#147;Certain United&nbsp;States Federal Income Tax Considerations&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Power of Attorney</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Shareholder accepting the Offer under the terms of the Letter of Transmittal (including by book-entry transfer) irrevocably constitutes and appoints, effective at and after the time (the&nbsp;&#147;<b>Effective Time</b>&#148;) that New Gold takes up such Shareholder&#146;s Deposited Shares (which Deposited Shares upon being taken up are, together with any Distributions thereon, hereinafter referred to as the &#147;<b>Purchased Shares</b>&#148;), New Gold, each director and officer of New Gold and any other person designated by New Gold in writing as the true and lawful agent, attorney, attorney-in-fact and proxy of such Shareholder with respect to such Purchased Shares, with full power of substitution (such powers of attorney, being coupled with an interest, being irrevocable), in the name of and on behalf of such Shareholder:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">to register or record the transfer and/or cancellation of such Purchased Shares (including any Distributions to the extent consisting of securities) on the appropriate registers maintained by or on behalf of&nbsp;Rainy River;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">for so long as any such Purchased Shares are registered or recorded in the name of such Shareholder, to exercise any and all rights of such Shareholder including, without limitation, the right to vote, to execute and deliver (provided the same is not contrary to applicable Laws), as and when requested by New Gold, any and all instruments of proxy, authorizations or consents in form and on terms satisfactory to New Gold in respect of any or all Purchased Shares, to revoke any such instruments, authorizations or consents given prior to or after the Effective Time, and to designate in any such instruments, authorizations or consents any person or persons as the proxyholder of such Shareholder in respect of such Purchased Shares for all purposes including, without limitation, in connection with any meeting or meetings (whether annual, special or otherwise, or any adjournments or postponements thereof, including, without limitation, any meeting to consider a Subsequent Acquisition Transaction) of holders of relevant securities of&nbsp;Rainy River;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">to execute, endorse and negotiate, for and in the name of and on behalf of such Shareholder, any and all cheques or other instruments representing any Distributions payable to or to the order of, or endorsed in favour of, such Shareholder;&nbsp;and</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">to exercise any other rights of a shareholder with respect to such Purchased Shares (including any Distributions).</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Shareholder accepting the Offer under the terms of the Letter of Transmittal (including by book-entry transfer) revokes any and all other authority, whether as agent, attorney, attorney-in-fact, proxy or otherwise, previously conferred or agreed to be conferred by such Shareholder at any time with respect to the Deposited Shares or any Distributions. Such depositing Shareholder agrees that no subsequent authority, whether as agent, attorney, attorney-in-fact, proxy or otherwise will be granted with respect to the Deposited Shares or any Distributions by or on behalf of the depositing Shareholder unless the Deposited Shares are not taken up and paid for in accordance with the terms of the Offer or are withdrawn in accordance with Section&nbsp;8 of the Offer, &#147;Withdrawal of Deposited Shares&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Shareholder accepting the Offer under the terms of the Letter of Transmittal (including by book-entry transfer) also agrees not to vote any of the Purchased Shares at any meeting (whether annual, special or otherwise, or any adjournments or postponements thereof, including, without limitation, any meeting to consider a Subsequent Acquisition Transaction) of holders of relevant securities of Rainy River and, except as may be agreed to by New Gold in writing, not to exercise any of the other rights or privileges attached to the Purchased Shares, and agrees to execute and deliver to New Gold any and all instruments of proxy, authorizations, consents and directions in respect of all or any of the Purchased Shares, and agrees to designate or appoint in any such instruments of proxy, authorizations, consents and directions the person or persons specified by New Gold as the proxy or the proxy nominee or nominees of the holder of the Purchased Shares. Upon such appointment, all prior proxies and other authorizations (including, without limitation, all appointments of any agent, attorney or attorney-in-fact) or consents given by the holder of such Purchased Shares with respect thereto will be revoked and, except as may be agreed to by New Gold in writing, no subsequent proxies or other authorizations, consents or directions may be given by such person with respect thereto.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24<a name="PB_24_072451_6479"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='24',FILE='C:\JMS\106406\13-14720-1\task6098898\14720-1-ka-07.htm',USER='106406',CD='Jun 15 07:25 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Further Assurances</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Shareholder accepting the Offer covenants under the terms of the Letter of Transmittal (including by book-entry transfer) to execute, upon request of New Gold, any additional documents, transfers and other assurances as may be necessary or desirable to complete the sale, assignment and transfer of the Purchased Shares to New Gold. Each authority therein conferred or agreed to be conferred is, to the extent permitted by applicable Laws, irrevocable and may be exercised during and shall survive any subsequent death or incapacity, bankruptcy or insolvency of the Shareholder and all obligations of the Shareholder therein shall be binding upon the heirs, executors, administrators, attorneys, personal representatives, successors and assigns of such Shareholder.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Formation of Agreement; Shareholder&#146;s Representations and Warranties</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The acceptance of the Offer pursuant to the procedures set out above constitutes a binding agreement between a depositing Shareholder and New Gold, effective immediately following the time at which New Gold takes up Shares deposited by such Shareholder, in accordance with the terms and conditions of the Offer and the Letter of Transmittal. This agreement includes a representation and warranty by the depositing Shareholder that: (a)&nbsp;the person signing the Letter of Transmittal or on whose behalf a book-entry transfer is made has full power and authority to deposit, sell, assign and transfer the Deposited Shares and all rights and benefits arising from such Deposited Shares including, without limitation, any Distributions; (b)&nbsp;the person signing the Letter of Transmittal or on whose behalf a book-entry transfer is made owns the Deposited Shares and any Distributions deposited under the Offer; (c)&nbsp;the Deposited Shares and Distributions have not been sold, assigned or transferred, nor has any agreement been entered into to sell, assign or transfer any of the Deposited Shares or Distributions, to any other person; (d)&nbsp;the deposit of the Deposited Shares and Distributions complies with applicable Laws; and (e)&nbsp;when the Deposited Shares and Distributions are taken up and paid for by New Gold, New Gold will acquire good title thereto, free and clear of all liens, restrictions, charges, encumbrances, claims and rights of&nbsp;others.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">4.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Conditions of the Offer</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notwithstanding any other provision of the Offer and subject to applicable Laws, and in addition to (and&nbsp;not in limitation of) New Gold&#146;s right to vary or change the Offer at any time prior to the Expiry Time pursuant to Section&nbsp;5 of the Offer, &#147;Extension, Variation or Change in the Offer&#148;, New Gold will have the right to withdraw or terminate the Offer and not take up and pay for any Shares deposited under the Offer, and will have the right to extend the period of time during which the Offer is open for acceptance and postpone taking up and paying for any Shares deposited under the Offer, if any of the following conditions are not satisfied or waived by New Gold at or prior to the Expiry&nbsp;Time:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">there shall have been validly deposited under the Offer and not withdrawn at the Expiry Time such number of Shares which constitutes at least 66</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">2</font><font size="2" style="font-size:10.0pt;">/</font><font size="1" style="font-size:6.5pt;position:relative;top:1.0pt;">3</font><font size="2" style="font-size:10.0pt;">% of the Shares outstanding at the Expiry Time on a fully-diluted basis (the&nbsp;&#147;<b>Minimum Tender Condition</b>&#148;);</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Acquisition Agreement shall not have been terminated in accordance with its&nbsp;terms;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">New Gold shall have determined, acting reasonably, that:</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">no act, action, suit or proceeding shall have been threatened in writing or taken before or by any Governmental Entity or by any elected or appointed public official or private person (including, without limitation, any individual, corporation, firm, group or other entity) in Canada or elsewhere, whether or not having the force of law;&nbsp;and</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">no Law shall have been proposed, enacted, promulgated or applied, in any case:</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(A)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">to cease trade, enjoin, prohibit or impose material limitations or conditions on the purchase by or the sale to New Gold of Shares, the right of New Gold to own or exercise full rights of ownership of Shares or the consummation of a Compulsory Acquisition or a Subsequent Acquisition Transaction;</font></p>
<p style="margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(B)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">which, if the Offer, any Compulsory Acquisition or any Subsequent Acquisition Transaction were consummated, could in New Gold&#146;s reasonable judgement constitute a Material Adverse Effect in respect of Rainy River;&nbsp;or</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">25<a name="PB_25_072457_2639"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='25',FILE='C:\JMS\106406\13-14720-1\task6098898\14720-1-ka-07.htm',USER='106406',CD='Jun 15 07:25 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(C)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">which would materially and adversely affect (i)&nbsp;the value of Shares to New Gold, or (ii)&nbsp;the ability of New Gold to proceed with the Offer, any Compulsory Acquisition or any Subsequent Acquisition Transaction and/or taking up and paying for any Shares deposited under the&nbsp;Offer;</font></p>
<p style="margin:0in 0in .0001pt 2.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">there shall not exist any prohibition at Law against New Gold making or maintaining the Offer or taking up and paying for any Shares deposited under the Offer or completing any Compulsory Acquisition or any Subsequent Acquisition Transaction;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">all government and regulatory approvals, including the Competition Act Approval, waiting or suspensory periods, waivers, permits, consents, reviews, investigations, orders, certificates, rulings, decisions, statements of no objection and exemptions, that are required by Law to complete the Offer or any Compulsory Acquisition or Subsequent Acquisition Transaction, shall have been obtained or concluded or, in the case of waiting or suspensory periods, expired or been terminated, each on terms and conditions satisfactory to New Gold and Rainy River, acting reasonably;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">New Gold shall have determined, acting reasonably, that there shall not exist or have occurred (or, if there does exist or shall have occurred prior to the commencement of the Offer, there shall not have been disclosed generally or to New Gold in writing) any change (or&nbsp;any condition, event or development involving a prospective change) in the business, operations, assets, capitalization, properties, financial condition, prospects, licences, permits, rights, privileges or liabilities of Rainy River or of the Rainy River Subsidiary that, when considered either individually or in the aggregate, constitutes a Material Adverse Effect in respect of&nbsp;Rainy River;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Rainy River shall have complied in all material respects with its covenants and obligations under the Acquisition Agreement to be complied with at or prior to the Expiry Time and all representations and warranties made by Rainy River in the Acquisition Agreement shall be true and correct at and as of the Expiry Time as if made at such time except for those expressly stated to speak as of an earlier&nbsp;time, except where such inaccuracies in the representations and warranties, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect in respect of Rainy River;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">New Gold shall not have become aware of any untrue statement of a material fact, or an omission to state a material fact that is required to be stated or that is necessary to make a statement not misleading in light of the circumstances in which it was made and at the date it was made, (after giving effect to all subsequent filings in relation to all matters covered in earlier filings) in any document filed or released by or on behalf of Rainy River with any securities regulatory authority in Canada or elsewhere, including any annual report, financial statements, material change report, press release and management information circular, which New Gold shall have determined in its reasonable judgment constitutes a Material Adverse Effect in respect of&nbsp;Rainy River;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">there shall have not occurred, developed or come into effect or existence any effect, action, state, condition or major financial occurrence of national or international consequence or any law, regulation, action, government regulation, enquiry or other occurrence of any nature whatsoever which, in the opinion of New Gold, acting reasonably, materially adversely affects and will continue to materially adversely affect the financial markets in Canada or the United&nbsp;States;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Rainy River Board shall have waived, suspended the operation of or otherwise rendered the Shareholder Rights Plan inoperative or ineffective as regards to the Offer;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(k)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Rainy River shall have made commercially reasonable efforts to cause all Options outstanding under the Option Plans to be exercised or surrendered for cancellation at the Expiry Time;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(l)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Rainy River and the Rainy River Board, as applicable, shall have made commercially reasonable efforts to amend the warrant certificate evidencing the Warrants to provide that each Warrant that is outstanding and has not been duly exercised prior to the Expiry Time shall entitle the holder thereof to receive, in lieu of that number of Shares otherwise issuable upon exercise of the Warrants, that number of New Gold Shares that such holder would have been entitled to receive under the Share Option in connection with the Offer if such holder had been the registered holder of the number of Shares to which such holder was entitled upon</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">26<a name="PB_26_072503_2794"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='26',FILE='C:\JMS\106406\13-14720-1\task6098898\14720-1-ka-07.htm',USER='106406',CD='Jun 15 07:25 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">exercise thereof immediately prior to the Expiry Time (adjusted in accordance with the applicable exchange ratio under the Offer);</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(m)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">with respect to any other rights outstanding to acquire Shares under any other existing agreements, contracts or other arrangements, including without limitation the Mineral Property Option Agreements and the Participation Agreement, Rainy River shall have made commercially reasonable efforts to ensure that such agreements and rights are amended to provide for the issuance of New Gold Shares in lieu of that number of Shares otherwise issuable under the terms of such existing agreements and/or rights, as adjusted in accordance with the applicable exchange ratio under the Share Option in connection with the Offer; and</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(n)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">with respect to the outstanding Employee Share Purchase Plan, Rainy River shall have taken all necessary actions and steps to issue share certificates representing all outstanding Shares that are credited to any participant under the Employee Share Purchase Plan (and therefore beneficially owned by such participant under the terms of the Employee Share Purchase Plan) in order to facilitate the tender of such Shares to the Offer by such participant prior to the Expiry Time, and the Rainy River Board shall have taken all necessary actions and steps (including, without limitation, passing all necessary resolutions, providing all necessary notices, making all necessary filings and obtaining all necessary consents) immediately thereafter to ensure that the Employee Share Purchase Plan is terminated and no further rights or credits are granted thereunder.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The foregoing conditions are for the exclusive benefit of New Gold and may be asserted by New Gold regardless of the circumstances giving rise to any such assertion, including any action or inaction by New Gold. New Gold may, in its sole discretion, modify or waive any term or condition of the Offer, provided that New Gold shall not, without the prior consent of Rainy River: (a)&nbsp;modify the Minimum Tender Condition; (b)&nbsp;waive the Minimum Tender Condition; (c)&nbsp;impose additional conditions to the Offer; (d)&nbsp;decrease the consideration per Share (other than in accordance with the Acquisition Agreement, if Rainy River declares, sets aside or pays any dividend or other Distribution to the Shareholders of record as of a time prior to the Expiry Time); (e)&nbsp;decrease the number of Shares in respect of which the Offer is made; (f)&nbsp;change the amount or form of consideration payable under the Offer (other than in accordance with the Acquisition Agreement, if Rainy River declares, sets aside or pays any dividend or other Distribution to the Shareholders of record as of a time prior to the Expiry Time) and/or to increase the total consideration per Share and/or add additional consideration; or (g)&nbsp;otherwise vary the Offer or any terms or conditions thereof (other than a waiver of a condition other than the Minimum Tender Condition), in any case in a manner that is materially adverse to the Shareholders.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any waiver of a condition or the termination or withdrawal of the Offer will be effective upon written notice (or&nbsp;other communication subsequently confirmed in writing, provided that such confirmation is not a condition of the effectiveness of the notice) by New Gold to that effect to the Depositary at its principal office in Toronto, Ontario. Forthwith after giving any such notice, New Gold will make a public announcement of such waiver, termination or withdrawal and will cause the Depositary, if required by applicable Laws, as soon as practicable thereafter to communicate such notice in the manner set forth in Section&nbsp;10 of the Offer, &#147;Notices and Delivery&#148;, to all registered Shareholders and to all holders of Options and Warrants. If the Offer is withdrawn, New Gold will not be obligated to take up or pay for any Shares deposited under the Offer and the Depositary will promptly return all Deposited Shares in accordance with Section&nbsp;7 of the Offer, &#147;Return of Deposited Shares&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">5.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Extension, Variation or Change in the Offer</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Offer is open for acceptance from the date of the Offer until the Expiry Time, subject to extension or variation in New Gold&#146;s sole discretion, unless the Offer is withdrawn by New Gold.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subject to the limitations hereafter described, New Gold reserves the right, in its sole discretion, at any time and from time to time while the Offer is open for acceptance (or&nbsp;at any other time if permitted by applicable Laws), to extend the Expiry Time or to vary the Offer by giving written notice (or&nbsp;other communication subsequently confirmed in writing, provided that such confirmation is not a condition of the effectiveness of the notice) of such extension or variation to the Depositary at its principal office in Toronto, Ontario, and by causing the Depositary, if required by applicable Laws, as soon as practicable thereafter to communicate such notice in the manner set forth in Section&nbsp;10 of the Offer, &#147;Notices and Delivery&#148;, to all registered Shareholders whose Shares have not been taken up prior to the extension or variation and to all&nbsp;holders of Options and Warrants. New Gold shall, as soon as practicable after giving notice of an extension or variation to the Depositary, make a public announcement of the extension or variation to the extent and in the manner required by</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">27<a name="PB_27_072509_8299"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='27',FILE='C:\JMS\106406\13-14720-1\task6098898\14720-1-ka-07.htm',USER='106406',CD='Jun 15 07:25 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">applicable Laws. Any notice of extension or variation will be deemed to have been given and to be effective on the day on which it is delivered or otherwise communicated in writing to the Depositary at its principal office in Toronto, Ontario.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold may extend the Expiry Time (a)&nbsp;in order to contest or appeal any injunction or order made by a Governmental Entity against the take-up and/or payment for the Shares tendered to the Offer or to seek any regulatory waiver, consent or approval which is necessary to permit New Gold to take up and pay for the Shares tendered to the Offer, by an aggregate maximum of 60 days, (b)&nbsp;as required by Law in the event New Gold waives any condition of the Offer, (c)&nbsp;for one or more additional offer periods not exceeding, in the aggregate, 60 days, in order to permit Shareholders to deposit their Shares to the Offer, or (d)&nbsp;if all of the conditions to the Offer have been satisfied, after having taken up all of the Shares tendered to the Offer, in order to permit other Shareholders to deposit their Shares to the Offer.&#160; New Gold shall not terminate or withdraw the Offer prior to any scheduled Expiry Time without the prior written consent of Rainy River, except if the Acquisition Agreement is terminated in accordance with its terms.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Where the terms of the Offer are varied, the Offer will not expire before ten days after the notice of such variation has been given to the Shareholders, unless otherwise permitted by applicable Laws and subject to abridgement or elimination of that period pursuant to such orders or other forms of relief as may be granted by any Governmental Entity.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If, prior to the Expiry Time or after the Expiry Time but before the expiry of all rights of withdrawal with respect to the Offer, a change occurs in the information contained in the Offer or the Circular, as amended from time to time, that would reasonably be expected to affect the decision of a Shareholder to accept or reject the Offer (other than a change that is not within the control of New Gold or of an affiliate of New Gold unless it is a change in a material fact relating to the New Gold Shares), New Gold will promptly: (a)&nbsp;make a public announcement of the change in information to the extent and in the manner required by applicable Laws; and (b)&nbsp;give written notice of such change to the Depositary at its principal office in Toronto, Ontario, and will cause the Depositary, if required by applicable Laws, as soon as practicable thereafter to provide notice of such change in the manner set forth in Section&nbsp;10 of the Offer, &#147;Notices and Delivery&#148;, to all registered Shareholders whose Shares have not been taken up under the Offer at the date of the occurrence of the change and to all holders of Options and Warrants. Any notice of change in information will be deemed to have been given and to be effective on the day on which it is delivered or otherwise communicated in writing to the Depositary at its principal office in Toronto, Ontario.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notwithstanding the foregoing, but subject to applicable Laws, the Offer may not be extended by New Gold if all of the terms and conditions of the Offer, except those waived by New Gold, have been fulfilled or complied with, unless New Gold first takes up all Shares deposited under the Offer and not&nbsp;withdrawn.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">During any extension or in the event of any variation of the Offer or change in information, all Shares previously deposited and not taken up or withdrawn will remain subject to the Offer and may be taken up by New Gold in accordance with the terms hereof, subject to Section&nbsp;8 of the Offer, &#147;Withdrawal of Deposited Shares&#148;. An extension of the Expiry Time, a variation of the Offer or a change in information does not, unless otherwise expressly stated, constitute a waiver by New Gold of its rights under Section&nbsp;4 of the Offer, &#147;Conditions of the&nbsp;Offer&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If, prior to the Expiry Time, the consideration being offered for the Shares under the Offer is increased, such increased consideration will be paid to all depositing Shareholders whose Shares are taken up under the Offer, whether or not such Shares were taken up before the&nbsp;increase.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">6.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Take-Up of and Payment for Deposited Shares</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If all of the conditions described in Section&nbsp;4 of the Offer, &#147;Conditions of the Offer&#148;, have been fulfilled or waived by New Gold at or prior to the Expiry Time, New Gold will take up and pay for Shares validly deposited under the Offer and not properly withdrawn as soon as reasonably practicable, and in any event not later than three business days following the time at which New Gold becomes entitled to take up Shares under the Offer and pursuant to applicable&nbsp;Laws.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold will be deemed to have taken up and accepted for payment Shares validly deposited and not properly withdrawn under the Offer if, as and when New Gold gives written notice (or&nbsp;other communication subsequently confirmed in writing, provided that such confirmation is not a condition of the effectiveness of the notice) to that effect to the Depositary at its principal office in Toronto, Ontario. Subject to applicable Laws, New Gold expressly reserves the right, in its sole discretion, to delay taking up and paying for any Shares or to, on or after the initial Expiry Time, withdraw or terminate the Offer and not take up or pay for any Shares, if any condition specified in Section&nbsp;4 of the Offer, &#147;Conditions of the Offer&#148;, is not fulfilled or waived by giving written notice (or other communication subsequently confirmed in writing,</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">28<a name="PB_28_072516_8247"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='28',FILE='C:\JMS\106406\13-14720-1\task6098898\14720-1-ka-07.htm',USER='106406',CD='Jun 15 07:25 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">provided that such confirmation is not a condition of the effectiveness of the notice) to that effect to the Depositary at its principal office in Toronto, Ontario. New Gold also expressly reserves the right, in its sole discretion, to delay taking up and paying for any Shares in order to comply, in whole or in part, with any applicable Laws or governmental regulatory approval. New Gold will not, however, take up and pay for any Shares deposited under the Offer unless it simultaneously takes up and pays for all Shares then validly deposited under the Offer and not&nbsp;withdrawn.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold will pay for Shares validly deposited under the Offer and not withdrawn by providing the Depositary with sufficient DRS Advices representing New Gold Shares and sufficient funds (by&nbsp;bank transfer or other means satisfactory to the Depositary) for transmittal to depositing Shareholders, subject to the maximum amounts described in Section&nbsp;1 of the Offer, &#147;The Offer&nbsp;&#151; Election of Cash Option or Share Option&#148;. Under no circumstances will interest accrue, or be paid by New Gold or the Depositary to persons depositing Shares, on the Purchase Price of Shares purchased by New Gold, regardless of any delay in making payments for&nbsp;Shares.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Depositary will act as the agent of persons who have deposited Shares in acceptance of the Offer for the purposes of receiving payment from New Gold and transmitting such payment to such persons, and receipt of payment by the Depositary will be deemed to constitute receipt of payment by persons depositing Shares under the&nbsp;Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All cash payments under the Offer will be made in Canadian dollars.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Settlement with each Shareholder who has deposited (and&nbsp;not withdrawn) Shares under the Offer will be made by, if the depositing Shareholder elects (or is deemed to elect) the Cash Option, the Depositary issuing, or causing to be issued, a cheque (except for payments in excess of $25&nbsp;million, which will be made by wire transfer, as set out in the Letter of Transmittal) payable in Canadian funds in the amount to which the person depositing Shares is entitled and, if the depositing Shareholder elects the Share Option, the Depositary forwarding a DRS Advice representing the number of New Gold Shares to which the person depositing Shares is entitled (or, in the case of Shares deposited by book-entry transfer, crediting the applicable number of New Gold Shares to the account at CDS or DTC, as applicable, from which such book-entry transfer was&nbsp;made).</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Unless otherwise directed in the Letter of Transmittal, the cheque or the DRS Advice (or, in the case of Shares deposited by book-entry transfer, the credit of New Gold Shares), as applicable, will be issued in the name of the registered holder of the Shares so deposited. Unless the person depositing the Shares instructs the Depositary to hold the cheque or the DRS Advice (except in the&nbsp;case of Shares deposited by book-entry transfer), as applicable, for pick-up by checking the appropriate box in the Letter of Transmittal, the cheque or the DRS Advice (except in the&nbsp;case of Shares deposited by book-entry transfer), as applicable, will be forwarded by first class mail to such person at the address specified in the Letter of Transmittal. If no such address is specified, the cheque or the&nbsp;DRS Advice (except in the&nbsp;case of Shares deposited by book-entry transfer), as applicable, will be sent to the address of the registered holder as shown on the securities register maintained by or on behalf of Rainy River. Cheques and DRS Advices mailed in accordance with this paragraph will be deemed to be delivered at the time of mailing. Pursuant to applicable Laws, New Gold may, in certain circumstances, be required to make withholdings from the amount otherwise payable to a&nbsp;Shareholder.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Shareholders will not be required to pay any fee or commission if they accept the Offer by depositing their Shares directly with the&nbsp;Depositary.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-35.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">7.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Return of Deposited Shares</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any Deposited Shares that are not taken up and paid for by New Gold pursuant to the terms and conditions of the Offer for any reason will be returned, at New Gold&#146;s expense, to the depositing Shareholder as soon as practicable after the Expiry Time or withdrawal or termination of the Offer by either: (a)&nbsp;sending certificates or DRS Advices representing the Shares not purchased by first class insured mail to the address of the depositing Shareholder specified in the Letter of Transmittal or, if such name or address is not so specified, in such name and to such address as shown on the securities register maintained by or on behalf of Rainy River; or (b)&nbsp;in the case of Shares deposited by book-entry transfer, pursuant to the procedures set out in Section&nbsp;3 of the Offer, &#147;Manner of Acceptance&nbsp;&#151; Acceptance by Book-Entry Transfer&#148;, crediting such Shares to the account at CDS or DTC, as applicable, from which such book-entry transfer was&nbsp;made.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">29<a name="PB_29_072522_5893"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='29',FILE='C:\JMS\106406\13-14720-1\task6098898\14720-1-ka-07.htm',USER='106406',CD='Jun 15 07:25 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">8.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Withdrawal of Deposited Shares</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Except as otherwise stated in this Section&nbsp;8 or&nbsp;as otherwise required by applicable Laws, all deposits of Shares under the Offer are irrevocable. Unless otherwise required or permitted by applicable Laws, any Shares deposited in acceptance of the Offer may be withdrawn by or on behalf of the depositing Shareholder:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">at any time before such Shares have been taken up by New Gold under the&nbsp;Offer;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">if such Shares have not been paid for by New Gold within three business days after having been taken up;&nbsp;or</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">at any time before the expiration of ten days from the date upon which&nbsp;either:</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">a notice of change relating to a change which has occurred in the information contained in the Offer or the Circular, as amended from time to time, that would reasonably be expected to affect the decision of a Shareholder to accept or reject the Offer (other than a change that is not within the control of New Gold or of an affiliate of New Gold unless it is a change in a material fact relating to the New Gold Shares), in the event that such change occurs before the Expiry Time or after the Expiry Time but before the expiry of all rights of withdrawal in respect of the Offer;&nbsp;or</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">a notice of variation concerning a variation in the terms of the Offer (other than a variation consisting solely of an increase in the consideration offered for Shares where the Expiry Time is not extended for more than ten&nbsp;days from after the date of the notice of variation),</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">is mailed, delivered or otherwise properly communicated (subject to abridgement of that period pursuant to such order or orders or other forms of relief as may be granted by applicable Governmental Entities) and only if such deposited Shares have not been taken up by New Gold at the date of the&nbsp;notice.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Withdrawals of Shares deposited under the Offer must be effected by notice of withdrawal made by or on behalf of the depositing Shareholder and must be actually received by the Depositary at the place of deposit of the applicable Shares (or&nbsp;Notice of Guaranteed Delivery in respect thereof) within the time limits indicated above. Notices of withdrawal must (a)&nbsp;be made by a method, including facsimile transmission, that provides the Depositary with a written or printed copy, (b)&nbsp;be signed by or on behalf of the person who signed the Letter of Transmittal accompanying (or the&nbsp;Notice of Guaranteed Delivery in respect of) the Shares which are to be withdrawn, and (c)&nbsp;specify such person&#146;s name, the number of Shares to be withdrawn, the name of the registered holder and the certificate number shown on each certificate or the account number shown on each DRS Advice, as applicable, representing the Shares to be withdrawn. Any signature in a notice of withdrawal must be guaranteed by an Eligible Institution in the same manner as in a Letter of Transmittal (as&nbsp;described in the instructions set out therein), except in the case of Shares deposited for the account of an Eligible Institution.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Alternatively, if Shares have been deposited pursuant to the procedures for book-entry transfer, as set out in Section&nbsp;3 of the Offer, &#147;Manner of Acceptance&nbsp;&#151; Acceptance by Book-Entry Transfer&#148;, any notice of withdrawal must specify the name and number of the account at CDS or DTC, as applicable, to be credited with the withdrawn Shares and otherwise comply with the procedures of CDS or DTC, as&nbsp;applicable.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">A withdrawal of Shares deposited under the Offer can only be accomplished in accordance with the foregoing procedures. The withdrawal will take effect only upon actual receipt by the Depositary of a properly completed and executed written notice of&nbsp;withdrawal.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Investment advisors, stockbrokers, banks, trust companies or other nominees may set deadlines for the withdrawal of Shares deposited under the Offer that are earlier than those specified above. Shareholders whose Shares are registered in the name of an investment advisor, stockbroker, bank, trust company or other nominee should contact such nominee for&nbsp;assistance.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All questions as to the validity (including, without limitation, timely receipt) and form of notices of withdrawal will be determined by New Gold, in its sole discretion, and such determination will be final and binding. None of New Gold, the Depositary or the Information Agent or any other person shall be under any duty or obligation to give notice of any defect or irregularity in any notice of withdrawal and no liability shall be incurred or suffered by any of them for failure to give such&nbsp;notice.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">30<a name="PB_30_072529_9862"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='30',FILE='C:\JMS\106406\13-14720-1\task6098898\14720-1-ka-07.htm',USER='106406',CD='Jun 15 07:25 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If New Gold extends the period of time during which the Offer is open, is delayed in taking up or paying for Shares or is unable to take up or pay for Shares for any reason, then, without prejudice to New Gold&#146;s other rights, Shares deposited under the Offer may, subject to applicable Laws, be retained by the Depositary on behalf of New Gold and such Shares may not be withdrawn except to the extent that depositing Shareholders are entitled to withdrawal rights as set forth in this Section&nbsp;8 or&nbsp;pursuant to applicable&nbsp;Laws.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Withdrawals cannot be rescinded and any Shares withdrawn will be deemed not validly deposited for the purposes of the Offer, but may be re-deposited at any subsequent time prior to the Expiry Time by following any of the procedures described in Section&nbsp;3 of the Offer, &#147;Manner of&nbsp;Acceptance&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition to the foregoing rights of withdrawal, Shareholders in the provinces and territories of Canada are entitled to one or more statutory rights of rescission, price revision or to damages in certain circumstances. See Section&nbsp;26 of the Circular, &#147;Statutory Rights&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">9.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Changes in Capitalization; Adjustments; Liens</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If, on or after the date of the Offer, Rainy River should divide, combine, reclassify, consolidate, convert or otherwise change any of the Shares or its capitalization, issue any Shares, issue, grant or sell any Options, Warrants or other convertible securities, or disclose that it has taken or intends to take any such action, then New Gold may, in its sole discretion and without prejudice to its rights under Section&nbsp;4 of the Offer, &#147;Conditions of the Offer&#148;, make such adjustments as it considers appropriate to the Purchase Price and other terms of the Offer (including, without limitation, the type of securities offered to be purchased and the amount payable therefor) to reflect such division, combination, reclassification, consolidation, conversion, issuance, grant, sale or other change. See Section&nbsp;5 of the Offer, &#147;Extension, Variation or Change in the&nbsp;Offer&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shares acquired under the Offer will be transferred by the Shareholder and acquired by New Gold free and clear of all liens, restrictions, charges, encumbrances, claims and equities, whether or not separated from&nbsp;Shares.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">10.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Notices and Delivery</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Without limiting any other lawful means of giving notice, and unless otherwise specified by applicable Laws, any notice to be given by New Gold or the Depositary under the Offer will be deemed to have been properly given if it is mailed by first class mail, postage prepaid, to registered Shareholders (and&nbsp;to registered holders of Options and Warrants) at their respective addresses as shown on the securities registers maintained by or on behalf of Rainy River in respect of the Shares (or&nbsp;Options or Warrants, as applicable) and, unless otherwise specified by applicable Laws, will be deemed to have been received on the first business day following the date of mailing. For this purpose, &#147;<b>business day</b>&#148; means any day other than a Saturday, Sunday or statutory holiday in the jurisdiction to which the notice is mailed. These provisions apply notwithstanding any accidental omission to give notice to any one or more securityholders and notwithstanding any interruption of mail services following mailing. Except as otherwise required or permitted by applicable Laws, if mail service is interrupted or delayed following mailing, New Gold intends to make reasonable efforts to disseminate the notice by other means, such as news wire services or publication. Except as otherwise required or permitted by applicable Laws, if post offices in Canada are not open for the deposit of mail, any notice which New Gold or the Depositary may give or cause to be given to securityholders under the Offer will be deemed to have been properly given and to have been received by securityholders if it is given to the TSX for dissemination through its facilities or it is published once in the national edition of <i>The Globe and Mail</i> or <i>The National Post</i>, or it is given to the Canada News Wire Service for dissemination through its&nbsp;facilities.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Offer and Circular and the accompanying Letter of Transmittal and Notice of Guaranteed Delivery will be mailed to registered Shareholders (and&nbsp;to registered holders of Options and Warrants) by first class mail, postage prepaid, or made available in such other manner as is permitted by applicable Laws and New Gold will use its reasonable efforts to furnish such documents to investment advisors, stockbrokers, banks, trust companies and similar persons whose names, or the names of whose nominees, appear on the securities registers maintained by or on behalf of Rainy River in respect of the Shares or, if security position listings are available, who are listed as participants in a clearing agency&#146;s security position listing, for subsequent transmittal to the beneficial owners of Shares.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">These securityholder materials are being sent to both registered and non-registered owners of securities. If you are a non-registered owner and New Gold or its agent has sent these materials directly to you, your name and address and information about your holdings of securities have been obtained in accordance with applicable regulatory requirements from the intermediary holding such securities on your&nbsp;behalf.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">31<a name="PB_31_072535_9111"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='31',FILE='C:\JMS\106406\13-14720-1\task6098898\14720-1-ka-07.htm',USER='106406',CD='Jun 15 07:25 2013' -->


<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Wherever the Offer calls for documents to be delivered to the Depositary, such documents will not be considered delivered unless and until they have been physically received at the address of the Depositary specified in the Letter of Transmittal or the Notice of Guaranteed Delivery, as&nbsp;applicable.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">11.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Mail Service Interruption</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notwithstanding the provisions of the Offer, the Circular, the Letter of Transmittal and the Notice of Guaranteed Delivery, share certificates, DRS Advices, cheques and any other relevant documents will not be mailed if New Gold determines that delivery thereof by mail may be delayed. Persons entitled to share certificates, DRS Advices, cheques and/or any other relevant documents which are not mailed for the foregoing reason may take delivery thereof at the office of the Depositary to which the deposited Shares were delivered until such time as New Gold has determined that delivery by mail will no longer be delayed. New Gold shall provide notice of any such determination to not mail made under this Section&nbsp;11 as soon as reasonably practicable after the making of such determination and such notice will be deemed to have been properly given and to have been received by Shareholders if it is given in accordance with Section&nbsp;10 of the Offer, &#147;Notices and Delivery&#148;. Notwithstanding Section&nbsp;6 of the Offer, &#147;Take-Up of and Payment for Deposited Shares&#148;, DRS Advices, cheques and/or any other relevant documents not mailed for the reason set forth in the first sentence of this Section&nbsp;11 will be conclusively deemed to have been delivered to a Shareholder on the first day upon which they are available for delivery to the depositing Shareholder at the Toronto, Ontario office of the&nbsp;Depositary.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">12.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Market Purchases</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold reserves the right to, and may, acquire or cause an affiliate to acquire beneficial ownership of Shares by making purchases through the facilities of the TSX at any time, and from time to time, prior to the Expiry Time subject to and in accordance with applicable Laws. In no event, however, will New Gold (or its affiliates) make any such purchases of Shares until the third business day following the date of the Offer and New Gold shall comply with the following requirements under Section&nbsp;2.2(3)&nbsp;of MI 62-104, Section&nbsp;2.1 of OSC Rule&nbsp;62-504&nbsp;and Section&nbsp;93.1 of the OSA in the event it decides to make any such&nbsp;purchases:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">such intention shall be stated in a news release issued and filed at least one business day prior to making such&nbsp;purchases;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the aggregate number of Shares beneficially acquired shall not exceed 5% of the outstanding Shares as of the date of the Offer, calculated in accordance with applicable&nbsp;Laws;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the purchases shall be made in the normal course through the facilities of the&nbsp;TSX;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">New Gold shall issue and file&nbsp;a news release containing the information required under applicable Laws immediately after the close of business of the TSX on each day on which Shares have been purchased;&nbsp;and</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the broker involved in such trades shall provide only customary broker services and receive only customary fees or commissions, and no solicitation for the sale or purchase of Shares shall be made by New Gold or its agents (other than under the Offer) or the seller or its&nbsp;agents.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Purchases pursuant to Section&nbsp;2.2(3)&nbsp;of MI 62-104 or Section&nbsp;2.1 of OSC Rule&nbsp;62-504&nbsp;and Section&nbsp;93.1 of the OSA will be counted in any determination as to whether the Minimum Tender Condition has been&nbsp;fulfilled.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Although New Gold has no present intention to sell Shares taken up under the Offer, New Gold reserves the right to make or enter into agreements, commitments or understandings at or prior to the Expiry Time to sell any of such Shares after the Expiry Time, subject to compliance with applicable Laws and to Section&nbsp;2.7(2)&nbsp;of MI 62-104 or Section&nbsp;93.4(2)&nbsp;of the OSA, as&nbsp;applicable.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For the purposes of this Section&nbsp;12, &#147;New Gold&#148; includes any person acting jointly or in concert with New Gold.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">13.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Other Terms of the Offer</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Offer and all contracts resulting from acceptance thereof shall be governed by and construed in accordance with the laws of the Province of British Columbia and the federal laws of Canada applicable therein. Each party to any agreement resulting from the acceptance of the Offer unconditionally and</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">32<a name="PB_32_072623_2270"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='32',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-09.htm',USER='106406',CD='Jun 18 07:05 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">irrevocably attorns to the exclusive jurisdiction of the courts of the Province of British Columbia and all courts competent to hear appeals therefrom.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">No broker, dealer, salesperson or other person has been authorized to give any information or make any representation other than those contained herein or in the accompanying Circular, and, if given or made, such information or representation must not be relied upon as having been authorized by New Gold, the Depositary or the Information Agent. No broker, dealer, salesperson or other person shall be deemed to be the agent of New Gold, the Depositary or the Information Agent for the purposes of the&nbsp;Offer.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The provisions of the Glossary, the Summary, the Circular and the Letter of Transmittal and the Notice of Guaranteed Delivery accompanying the Offer, including the instructions and rules&nbsp;contained therein, as applicable, form part of the terms and conditions of the&nbsp;Offer.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">New Gold, in its sole discretion, shall be entitled to make a final and binding determination of all questions relating to the interpretation of the Offer (including, without limitation, the satisfaction of the conditions of the Offer), the Glossary, the Summary, the Circular, the Letter of Transmittal and the Notice of Guaranteed Delivery, the validity of any acceptance of the Offer and the validity of any withdrawals of&nbsp;Shares.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Offer and Circular do not constitute an offer or a solicitation to any person in any jurisdiction in which such offer or solicitation is unlawful. The Offer is not being made to, nor will deposits be accepted from or on behalf of, Shareholders residing in any jurisdiction in which the making or the acceptance of the Offer would not be in compliance with the Laws of such jurisdiction. However, New Gold may, in New Gold&#146;s sole discretion, take such action as New Gold may deem necessary to make the Offer in any jurisdiction and extend the Offer to Shareholders in any such jurisdiction. In any jurisdiction in which the Offer is required to be made by a licensed broker or dealer, the Offer shall be made on behalf of New Gold by brokers or dealers licensed under the Laws of such jurisdiction.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Offer and the accompanying Circular together constitute the take-over bid circular required under Canadian securities legislation with respect to the Offer. Shareholders are urged to refer to the accompanying Circular for additional information relating to the&nbsp;Offer.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dated: June&nbsp;18, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NEW GOLD INC.</font></b></p>    </td>   </tr>
<tr>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">by</font></p>    </td>
<td width="46%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:46.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(signed)   <i>Brian Penny</i>  </font></p>    </td>   </tr>
<tr>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="46%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:46.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="46%" valign="top" style="padding:0in 0in 0in 0in;width:46.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Brian   Penny </font></p>    </td>   </tr>
<tr>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="46%" valign="top" style="padding:0in 0in 0in 0in;width:46.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Executive   Vice President and Chief Financial Officer</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">33<a name="PB_33_072729_6952"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='33',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-09.htm',USER='106406',CD='Jun 18 07:05 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CIRCULAR</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">The following information is supplied by New Gold with respect to the accompanying Offer dated </font></i><i><font size="2" style="font-size:10.0pt;font-style:italic;">June&nbsp;18</font></i><i><font size="2" style="font-size:10.0pt;font-style:italic;">, 2013 to purchase all of the issued and outstanding Shares and SRP Rights. The terms and conditions of the Offer, the Letter of Transmittal and the Notice of Guaranteed Delivery are incorporated into and form part of this Circular. Shareholders should refer to the Offer for details of the terms and conditions of the Offer, including details as to payment and withdrawal rights. Capitalized terms used in the Circular, but not otherwise defined herein, have the meanings set out in the accompanying Glossary unless the context otherwise requires.</font></i></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">New Gold</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Company Overview</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold is an intermediate gold mining company engaged in the acquisition, exploration, development and operation of mineral properties, with operating mines in Canada, Mexico, the United States and Australia and development projects in Canada and Chile. New Gold&#146;s operating assets consist of the New Afton Mine in Canada, the Cerro San Pedro Mine in Mexico, the Mesquite Mine in the United States and the Peak Gold Mines in Australia.&#160; Significant development projects include the Blackwater Project in Canada and a 30% interest in the El Morro Project in Chile. New Gold is working towards maximizing shareholder value through diversified production, maintaining a reduced risk profile and enhancing growth potential in a safe and an environmentally and socially responsible manner.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold has been a natural resource exploration and development company engaged in the acquisition, exploration and development of natural resource properties since 1980. An important aspect of New Gold&#146;s business strategy is the pursuit of disciplined growth through mergers and acquisitions. New Gold&#146;s current structure arose through two business combinations in mid-2008 and mid-2009, respectively.&#160; Since the middle of 2009, New Gold has been successful in enhancing the value of its portfolio of assets, while also continuously looking for compelling external growth opportunities. New Gold&#146;s focus is primarily on adding assets in jurisdictions where it already has an established presence and where the asset has the potential to provide New Gold shareholders with meaningful gold production, cash flow and exploration potential, all while ensuring that any potential acquisition is accretive on key &#147;per share&#148; metrics.&#160; Part&nbsp;of New Gold&#146;s strategy is also to maintain a strong financial position by continuously reviewing strategic alternatives for its assets with the view of maximizing shareholder value.&#160; In short, New Gold strives to pursue corporate development initiatives that will leave New Gold and its shareholders in a fundamentally stronger position.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">With a strong liquidity position, a simplified balance sheet and an experienced management and board of directors, New Gold has a solid platform to continue to execute its growth strategy. During the first quarter of 2013, the New Afton Mine, the Cerro San Pedro Mine, the Mesquite Mine and the Peak Gold Mines combined to produce 94,695 ounces of gold. New Gold&#146;s production costs remain very competitive when compared to the broader gold mining industry and provide New Gold with strong margins. In the first quarter of 2013, New Gold achieved total cash costs of US$485 per ounce of gold sold and an average realized gold price of US$1,494 per ounce, resulting in a margin per ounce of US$1,009. This compares to a margin per ounce of US$1,032 in the first quarter of 2012. New Gold has been able to maintain its costs well below the industry average as New Gold also produces silver and copper as by-product metals, which have historically moved in line with, and acted as an offset to, some of the input cost pressures faced by the mining industry. Consistent with New Gold&#146;s plan, operations are expected to have progressively stronger quarters throughout 2013, leading to increased gold production and operating cash flow, with steadily declining cash costs.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The New Gold Shares are listed on the TSX and the NYSE MKT under the trading symbol &#147;NGD&#148; and New Gold&#146;s market capitalization is approximately $3.3 billion as of the close of trading on June&nbsp;14, 2013. New Gold is existing under the laws of the Province of British Columbia. Its head and registered office is located at Suite&nbsp;1800, Two Bentall Centre, 555 Burrard Street, Vancouver, British Columbia V7X 1M9.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As of the date hereof, no Shares, Options or Warrants are beneficially owned, nor is control or direction exercised over any of such securities, by New Gold.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Summary of Mineral Reserve and Mineral Resource Estimates</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A consolidated summary of total estimated gold, silver and copper contained within New Gold&#146;s global mineral reserves and resources as at December&nbsp;31, 2012 is set out in the table below.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">34<a name="PB_34_072741_9801"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='34',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-09.htm',USER='106406',CD='Jun 18 07:05 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New Gold Mineral Reserves and Resources Summary as at December&nbsp;31, 2012</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="86%" style="border-collapse:collapse;margin-left:.5in;width:86.68%;">
<tr>
<td width="48%" valign="bottom" style="padding:0in 0in 0in 0in;width:48.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.9%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="47%" colspan="5" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:47.3%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Contained&nbsp;Metals</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="48%" valign="bottom" style="padding:0in 0in 0in 0in;width:48.66%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.9%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="13%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:13.84%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Gold</font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;"><br>    </font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;">Koz</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="13%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:13.84%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Silver</font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;"><br>    </font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;">Koz</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="13%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:13.84%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Copper</font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;"><br>    </font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;">Mlbs</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:48.66%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Mineral   Reserves</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.9%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.66%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Proven</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.9%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,744</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12,110</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,185</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:48.66%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Probable</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.9%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5,008</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">19,146</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,097</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.66%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Total   Proven&nbsp;&amp; Probable</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.9%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7,752</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">31,256</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,282</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:48.66%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.9%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.66%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Mineral   Resources</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.9%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:48.66%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Measured</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.9%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6,789</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">37,470</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,076</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.66%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Indicated</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.9%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14,613</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">94,377</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,986</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:48.66%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Total   Measured&nbsp;&amp; Indicated</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.9%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">21,403</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">131,847</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4,061</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.66%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Inferred</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.9%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4,383</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">84,620</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="13%" valign="bottom" style="padding:0in 0in 0in 0in;width:13.84%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,114</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">See the notes to the mineral reserve and resource estimates set forth below under this subheading.</font></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mineral Reserves</font></u></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mineral reserve estimates for the Mesquite Mine, Cerro San Pedro Mine, Peak Gold Mines, New Afton Mine and El Morro Project as at December&nbsp;31, 2012 are presented in the table below.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Mineral Reserve Estimates as at December&nbsp;31, 2012</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="93%" style="border-collapse:collapse;margin-left:.25in;width:93.34%;">
<tr>
<td width="23%" valign="bottom" style="padding:0in 0in 0in 0in;width:23.92%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="40%" colspan="7" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:40.72%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Metal&nbsp;Grade</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="30%" colspan="5" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:30.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Contained&nbsp;Metal</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="23%" valign="bottom" style="padding:0in 0in 0in 0in;width:23.92%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="8%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Tonnes<br>   000&#146;s</font></b></p>    </td>
<td width="2%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="8%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Gold<br>   g/t</font></b></p>    </td>
<td width="2%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="8%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Silver<br>   g/t</font></b></p>    </td>
<td width="2%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="8%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Copper<br>   %</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="8%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Gold<br>   Koz</font></b></p>    </td>
<td width="2%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="8%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Silver<br>   Koz</font></b></p>    </td>
<td width="2%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="8%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Copper<br>   Mlbs</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="23%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:23.92%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Mesquite Mine</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="23%" style="padding:0in 0in 0in 0in;width:23.92%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proven</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13,140</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.68</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">287</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="23%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:23.92%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Probable</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">114,409</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.56</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,055</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="23%" style="padding:0in 0in 0in 0in;width:23.92%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mesquite   Proven&nbsp;&amp; Probable</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">127,549</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.57</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,342</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="23%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:23.92%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Cerro San Pedro Mine</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="23%" style="padding:0in 0in 0in 0in;width:23.92%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proven</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">21,100</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.52</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17.1</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">353</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11,600</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="23%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:23.92%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Probable</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">26,400</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.48</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17.4</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">407</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14,800</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="23%" style="padding:0in 0in 0in 0in;width:23.92%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CSP   Proven&nbsp;&amp; Probable</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">47,500</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.50</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17.3</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">760</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">26,400</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="23%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:23.92%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Peak Gold Mines</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="23%" style="padding:0in 0in 0in 0in;width:23.92%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proven</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,109</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.89</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.5</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.08</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">399</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">510</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">50</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="23%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:23.92%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Probable </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,118</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.82</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.8</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.18</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">260</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">466</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">55</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="23%" style="padding:0in 0in 0in 0in;width:23.92%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Peak   Proven&nbsp;&amp; Probable</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4,227</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.82</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.84</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.13</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">659</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">976</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">105</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="23%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:23.92%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New Afton Mine </font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="23%" style="padding:0in 0in 0in 0in;width:23.92%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proven</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="23%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:23.92%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Probable</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">52,500</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.65</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.3</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.93</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,100</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,880</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,080</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="23%" style="padding:0in 0in 0in 0in;width:23.92%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Afton   Proven&nbsp;&amp; Probable</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">52,500</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.65</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.3</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.93</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,100</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,880</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,080</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="23%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:23.92%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">El Morro Project </font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:1.0pt;font-style:italic;">&nbsp;</font></i></p>    </td>
<td width="40%" colspan="7" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:40.72%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">100% Basis</font></i></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:1.0pt;font-style:italic;">&nbsp;</font></i></p>    </td>
<td width="30%" colspan="5" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:30.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">30% Basis</font></i></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="23%" style="padding:0in 0in 0in 0in;width:23.92%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proven</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">307,949</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.57</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.56</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,705</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,135</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="23%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:23.92%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Probable</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">335,152</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.37</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.44</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,186</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">962</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="23%" style="padding:0in 0in 0in 0in;width:23.92%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">El Morro   Proven&nbsp;&amp; Probable</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">643,101</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.47</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.49</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,891</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,097</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">See the notes to the mineral reserve and resource estimates set forth below under this subheading.</font></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mineral Resources</font></u></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mineral resource estimates for the Mesquite Mine, Cerro San Pedro Mine, Peak Gold Mines, New Afton Mine and El Morro Project inclusive of mineral reserve estimates, as well as mineral resource estimates for the Blackwater Project and the Capoose Property, as at December&nbsp;31, 2012 are presented in the tables below.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">35<a name="PB_35_073025_2440"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='35',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-09.htm',USER='106406',CD='Jun 18 07:05 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Measured and Indicated Mineral Resource Estimates (Inclusive of Reserves) as at December&nbsp;31, 2012</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="93%" style="border-collapse:collapse;margin-left:.25in;width:93.34%;">
<tr>
<td width="31%" valign="bottom" style="padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="36%" colspan="7" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:36.42%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Metal&nbsp;Grade</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="26%" colspan="5" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:26.78%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Contained&nbsp;Metal</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="31%" valign="bottom" style="padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Tonnes<br>   000&#146;s</font></b></p>    </td>
<td width="2%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="7%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Gold<br>   g/t</font></b></p>    </td>
<td width="2%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="7%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Silver<br>   g/t</font></b></p>    </td>
<td width="2%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="7%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Copper<br>   %</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Gold<br>   Koz</font></b></p>    </td>
<td width="2%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="7%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Silver<br>   Koz</font></b></p>    </td>
<td width="2%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="7%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Copper<br>   Mlbs</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="31%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Mesquite Mine </font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" style="padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Measured &#151; oxide</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">19,100</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.51</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">313</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Indicated &#151; oxide</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">274,100</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.38</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,349</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" style="padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mesquite   Measured&nbsp;&amp; Indicated &#151; oxide</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">293,200</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.39</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,662</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" style="padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Measured &#151; non-oxide</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4,900</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.88</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">139</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Indicated &#151;   non-oxide</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">96,000</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.61</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,883</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" style="padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mesquite   Measured&nbsp;&amp; Indicated &#151; non-oxide</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">100,900</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.62</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,022</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mesquite   Measured&nbsp;&amp; Indicated</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">394,100</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.45</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5,684</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" style="padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Cerro San Pedro Mine </font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Measured &#151; open pit   oxide</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">27,100</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.34</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15.0</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">303</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13,100</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" style="padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Indicated &#151; open   pit oxide</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">49,000</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.24</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13.0</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">380</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20,480</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CSP   Measured&nbsp;&amp; Indicated &#151; open pit oxide</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">76,100</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.28</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13.7</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">683</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">33,580</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" valign="bottom" style="padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Measured &#151; open pit   sulphide</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15,200</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.47</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.9</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">229</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5,800</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" style="padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Indicated &#151; open   pit sulphide</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">60,400</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.41</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.6</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">791</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18,600</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CSP   Measured&nbsp;&amp; Indicated &#151; open pit sulphide</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">75,600</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.42</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.1</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,020</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24,400</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" style="padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CSP   Measured&nbsp;&amp; Indicated</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">151,700</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.35</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.9</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,703</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">57,980</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Peak Gold Mines</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" style="padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Measured </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,700</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.74</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.5</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.05</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">494</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">650</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">62</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Indicated</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,200</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.75</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.8</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.19</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">386</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">700</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">84</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" style="padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Peak   Measured&nbsp;&amp; Indicated</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5,900</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.66</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.1</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.13</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">880</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,350</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">146</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New Afton Mine</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" style="padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">A&amp;B   Zones</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Measured </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">33,500</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.86</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.9</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.18</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">929</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,160</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">873</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" style="padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Indicated</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">45,900</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.67</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.4</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.89</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">984</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,530</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">896</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A&amp;B Zone   Measured&nbsp;&amp; Indicated</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">79,400</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.75</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.6</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.01</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,913</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6,690</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,769</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" style="padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">C-Zone</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Measured </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">400</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.60</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.3</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.73</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" style="padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Indicated</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,900</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.63</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.3</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.68</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">58</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">120</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">43</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">C-Zone   Measured&nbsp;&amp; Indicated</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,300</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.62</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.3</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.68</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">66</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">140</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">49</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" style="padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Afton   Measured&nbsp;&amp; Indicated</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">82,700</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.74</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.6</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.00</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,979</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6,830</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,818</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Blackwater Project</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" style="padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Measured </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">88,188</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.94</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.2</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,670</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14,740</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Indicated</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">207,958</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.81</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.2</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5,400</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">41,450</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" style="padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Blackwater   Measured&nbsp;&amp; Indicated</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">296,146</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.85</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.9</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8,070</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">56,190</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Capoose Property</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" style="padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Indicated</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14,200</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.43</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20.8</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">196</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9,497</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">El Morro Project</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:1.0pt;font-style:italic;">&nbsp;</font></i></p>    </td>
<td width="36%" colspan="7" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:36.42%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">100% Basis</font></i></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:1.0pt;font-style:italic;">&nbsp;</font></i></p>    </td>
<td width="26%" colspan="5" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:26.78%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">30% Basis</font></i></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" style="padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Measured &#151; open pit</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">307,949</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.57</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.56</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,705</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,135</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Indicated &#151; open   pit</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">335,152</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.37</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.44</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,186</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">962</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="31%" style="padding:0in 0in 0in 0in;width:31.42%;">
<p style="margin:0in 0in .0001pt 20.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">El Morro   Measured&nbsp;&amp; Indicated &#151; open pit</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">643,101</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.47</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.49</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,891</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.5%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,097</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">See the notes to the mineral reserve and resource estimates set forth below under this subheading.</font></i></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">36<a name="PB_36_073341_5340"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='36',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-09.htm',USER='106406',CD='Jun 18 07:05 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Inferred Mineral Resource Estimates as at December&nbsp;31, 2012</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="36%" valign="bottom" style="padding:0in 0in 0in 0in;width:36.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="34%" colspan="7" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:34.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Metal&nbsp;Grade</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="25%" colspan="5" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:25.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Contained&nbsp;Metal</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="36%" valign="bottom" style="padding:0in 0in 0in 0in;width:36.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Tonnes<br>   000&#146;s</font></b></p>    </td>
<td width="2%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="7%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Gold<br>   g/t</font></b></p>    </td>
<td width="2%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="7%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Silver<br>   g/t</font></b></p>    </td>
<td width="2%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="7%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Copper<br>   %</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Gold<br>   Koz</font></b></p>    </td>
<td width="2%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="7%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Silver<br>   Koz</font></b></p>    </td>
<td width="2%" valign="bottom" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="7%" valign="bottom" style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Copper<br>   Mlbs</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="36%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:36.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Mesquite   Mine</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" style="padding:0in 0in 0in 0in;width:36.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Oxides</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">35,200</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.33</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">373</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:36.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Non-oxide</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15,700</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.55</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">278</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" style="padding:0in 0in 0in 0in;width:36.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mesquite Inferred</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">50,900</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.40</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">651</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:36.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Cerro   San Pedro Mine</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" style="padding:0in 0in 0in 0in;width:36.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Oxides</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">53,400</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.17</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.0</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">300</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15,400</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:36.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Sulphides</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">50,500</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.34</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.5</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">550</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13,800</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" style="padding:0in 0in 0in 0in;width:36.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CSP Inferred</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">103,900</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.25</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.8</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">850</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">29,200</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:36.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Peak   Gold Mines</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,700</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.64</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.8</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.13</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">144</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">261</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">42</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" style="padding:0in 0in 0in 0in;width:36.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New   Afton Mine</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:36.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A&amp;B Zones</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14,900</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.45</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.0</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.65</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">216</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">940</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">212</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" style="padding:0in 0in 0in 0in;width:36.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">C-Zone</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13,600</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.70</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.5</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.76</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">307</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">670</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">228</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:36.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Afton Inferred</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">28,400</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.57</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.8</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.70</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">523</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,610</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">440</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" style="padding:0in 0in 0in 0in;width:36.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Blackwater   Project</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16,585</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.58</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.8</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">310</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5,760</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:36.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Capoose   Property</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">64,070</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.29</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.2</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">595</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">47,789</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="bottom" style="padding:0in 0in 0in 0in;width:36.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:1.0pt;font-style:italic;">&nbsp;</font></i></p>    </td>
<td width="34%" colspan="7" valign="bottom" style="padding:0in 0in 0in 0in;width:34.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">100% Basis</font></i></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:1.0pt;font-style:italic;">&nbsp;</font></i></p>    </td>
<td width="25%" colspan="5" valign="bottom" style="padding:0in 0in 0in 0in;width:25.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">30% Basis</font></i></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:36.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">El   Morro Project</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">137,555</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.99</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.70</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,310</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">632</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">See the notes to the mineral reserve and resource estimates set forth below under this subheading.</font></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Notes to Mineral Reserve and Resource Estimates</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Measured and indicated mineral resources that are not mineral reserves do not have demonstrated economic viability as defined by a technical feasibility study. New Gold reports its measured and indicated mineral resources inclusive of its mineral reserves. Inferred mineral resources are not known with the same degree of certainty as measured and indicated mineral resources, do not have demonstrated economic viability, and are exclusive of mineral reserves. Mineral reserves and resources have been estimated and reported in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum definition standards and guidelines and NI 43-101.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Mineral reserves for New Gold&#146;s mineral properties have been calculated based on the following metal prices and lower cut-off criteria:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="93%" style="border-collapse:collapse;margin-left:.25in;width:93.34%;">
<tr>
<td width="19%" valign="bottom" style="padding:0in 0in 0in 0in;width:19.78%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="8%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.54%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Gold<br>   US$/oz</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="8%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.54%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Silver<br>   US$/oz</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="8%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.54%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Copper<br>   US$/lb</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="42%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:42.86%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Lower&nbsp;cut-off</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.02%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="19%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:19.78%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mesquite Mine</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:1.38%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,300</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" colspan="2" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:8.54%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" colspan="2" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:8.54%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="42%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:42.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.21 g/t Au &#151; Oxide Reserves </font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.41 g/t Au &#151; Non-oxide Reserves</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.02%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="19%" style="padding:0in 0in 0in 0in;width:19.78%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Cerro San Pedro Mine</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.38%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,300</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.38%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24.00</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" colspan="2" valign="bottom" style="padding:0in 0in 0in 0in;width:8.54%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="42%" valign="bottom" style="padding:0in 0in 0in 0in;width:42.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">US$4.33/t   NSR</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.02%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="19%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:19.78%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Peak Gold Mines</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.38%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,300</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.38%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24.00</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.38%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.00</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="42%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:42.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A$120   &#151; 253/t NSR</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.02%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="19%" style="padding:0in 0in 0in 0in;width:19.78%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Afton Mine</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.38%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,300</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.38%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24.00</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.38%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.00</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="42%" valign="bottom" style="padding:0in 0in 0in 0in;width:42.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">US$24/t   NSR</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.02%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="19%" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:19.78%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">El Morro Project</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.38%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,350</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" colspan="2" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.54%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.38%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.16%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.00</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="42%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:42.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.20%   CuEq</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.02%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Mineral resources for New Gold&#146;s mineral properties have been calculated based on the following metal prices and lower cut-off criteria:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="93%" style="border-collapse:collapse;margin-left:.25in;width:93.34%;">
<tr>
<td width="19%" valign="bottom" style="padding:0in 0in 0in 0in;width:19.64%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="8%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Gold<br>   US$/oz</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="8%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Silver<br>   US$/oz</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="8%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.58%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Copper<br>   US$/lb</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="42%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:42.86%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Lower&nbsp;cut-off</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="19%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:19.64%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mesquite Mine</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:1.38%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:7.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,400</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" colspan="2" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" colspan="2" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="42%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:42.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.12   g/t Au &#151; Oxide Resources </font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.24   g/t Au &#151; Non-oxide Resources</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="19%" valign="top" style="padding:0in 0in 0in 0in;width:19.64%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Cerro San Pedro Mine</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.38%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,400</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.38%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">28.00</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" colspan="2" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="42%" valign="bottom" style="padding:0in 0in 0in 0in;width:42.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.10   g/t AuEq &#151; Open pit oxide Resources </font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.40   g/t AuEq &#151; Open pit sulphide Resources</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="19%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:19.64%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Peak Gold Mines</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.38%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,400</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.38%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">28.00</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.38%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.25</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="42%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:42.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A$97   &#151; 137/t marginal NSR</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="19%" valign="top" style="padding:0in 0in 0in 0in;width:19.64%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Afton Mine</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.38%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,400</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.38%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">28.00</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.38%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.25</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="42%" valign="bottom" style="padding:0in 0in 0in 0in;width:42.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.40%   CuEq</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="19%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:19.64%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">El Morro Project</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.38%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,500</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" colspan="2" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.38%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.50</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="42%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:42.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.15%   CuEq &#151; Meas&#146;d&nbsp;&amp; Ind&#146;cd o/p Resources </font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.20%   CuEq &#151; Inferred u/g Resources</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="19%" valign="top" style="padding:0in 0in 0in 0in;width:19.64%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Blackwater Project</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.38%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="7%" valign="bottom" style="padding:0in 0in 0in 0in;width:7.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,400</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" colspan="2" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" colspan="2" valign="bottom" style="padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="42%" valign="bottom" style="padding:0in 0in 0in 0in;width:42.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.40   g/t AuEq</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="19%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:19.64%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Capoose Property</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.38%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="7%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:7.18%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,400</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" colspan="2" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="8%" colspan="2" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.58%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#151;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.68%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="42%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:42.86%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.40   g/t AuEq</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">37<a name="PB_37_073915_1065"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='37',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-09.htm',USER='106406',CD='Jun 18 07:05 2013' -->


<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Mineral resources are classified as measured, indicated and inferred resources and are reported based on technical and economic parameters consistent with the methods most suitable for their potential commercial exploitation. Where different mining and/or processing methods might be applied to different portions of a mineral resource, the designators &#145;open pit&#146; and &#145;underground&#146; have been applied to indicate envisioned mining method. Likewise the designators &#145;oxide&#146;, &#145;non-oxide&#146; and &#145;sulphide&#146; have been applied to indicate the type of mineralization as it relates to appropriate mineral processing method and expected payable metal recoveries. The estimates of mineral reserves and mineral resources may be mutually affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing and other relevant issues. Additional details regarding mineral reserve and resource estimates, classification and reporting parameters for each of New Gold&#146;s mineral properties are provided in the respective NI 43-101 technical reports, which are available on SEDAR, and New Gold&#146;s Annual Information Form&nbsp;filed on SEDAR on March&nbsp;27, 2013 for the financial year ended December&nbsp;31, 2012.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Qualified Person: New Gold&#146;s mineral reserve and resource statements have been reviewed and approved by Mark Petersen, a Qualified Person under NI 43-101 and an officer of New Gold.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Recent Developments</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On April&nbsp;4, 2013, New Gold announced a mineral resource update at the Blackwater Project. This Blackwater resource update, which will be used for the project&#146;s feasibility study, has been updated to include 89 additional holes totaling 22,220 metres, including further infill drilling and more refined geologic and geostatistical modeling. Certain highlights of the update are (a) measured and indicated gold resources for direct processing increased to 8.6 million ounces at 0.88 grams per tonne, and (b) measured gold resources increased by 44% to 3.9 million ounces at 1.04 grams per tonne.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;1, 2013, New Gold announced an update to the New Afton C-Zone mineral resource estimate. This update reflects an over 300% increase in gold ounces and copper pounds at improved grade. Measured and indicated gold and copper resources increased to 0.3 million ounces and 211 million pounds respectively. Measured and indicated gold and copper grades increased to 0.77 grams per tonne gold and 0.77% copper from 0.62 grams per tonne gold and 0.68% copper. The inferred gold and copper resources increased by over 30% to 0.4 million ounces and 301 million pounds.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;15, 2013, New Gold announced that it had eliminated its legacy gold hedges that were associated with the 2008 project financing put in place to develop the Mesquite Mine. With the elimination of the hedges, New Gold&#146;s gold production and gold resource base now have full leverage to the gold price. By unwinding the hedges, New Gold has removed the requirement to deliver 5,500 ounces of gold monthly at a fixed price of US$801 per ounce from May&nbsp;2013 through the end of 2014. In total, an additional 110,000 ounces of future production can now be sold at the prevailing spot gold price rather than the contract price of US$801 per ounce. In total, New Gold paid US$65.7 million to eliminate the gold hedges. The transaction was executed at an average spot price of US$1,396 per ounce.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">2.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Rainy River</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rainy River is a Canadian mineral exploration company engaged in the acquisition, exploration and development of mineral properties. Rainy River currently owns a 100% interest in the Rainy River Gold Project located in Northwestern Ontario, approximately 65 kilometres northwest of Fort Francis.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rainy River is existing under the laws of the Province of British Columbia. Its head office is located at Suite&nbsp;701, 1 Richmond Street West, Toronto, Ontario M5H 3W4 and its registered and records office is located at Suite&nbsp;302, 1620 West 8th Avenue, Vancouver, British Columbia V6J 1V4.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">3.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Certain Information Concerning Securities of Rainy River</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Shares</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The authorized capital of Rainy River consists of an unlimited number of Shares without par value. Each Shareholder is entitled to receive notice of and to attend any meetings of the shareholders of Rainy River and is entitled to one vote in respect of each Share held at such time. Each Shareholder is entitled to receive dividends, if any, as and when declared by the Rainy River Board. Shareholders are entitled to participate equally in any distribution of Rainy River&#146;s net assets upon liquidation, dissolution or winding-up. There are no pre-emptive, retraction, surrender, redemption, repurchase for cancellation or conversion rights attaching to the Shares. Rainy River has represented to New Gold in the Acquisition Agreement that as of May&nbsp;31, 2013, there were issued and outstanding 100,395,804 Shares.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Shares are listed on the TSX under the trading symbol &#147;RR&#148;. On May&nbsp;30, 2013, being the last trading day on the TSX prior to the announcement of New Gold&#146;s intention to make the Offer, the closing price of the Shares was $2.70 on the TSX. The following table sets forth, for the periods indicated, the&nbsp;reported high and low daily trading prices and the aggregate volume of trading of Shares on the&nbsp;TSX:</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">38<a name="PB_38_074018_9995"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='38',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-11.htm',USER='106406',CD='Jun 18 07:05 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="61%" valign="bottom" style="padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="35%" colspan="7" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">TSX&nbsp;Trading&nbsp;of&nbsp;Shares</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="61%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Period</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">High</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Low</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Volume</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">2012</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" colspan="2" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" colspan="2" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">December </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.19</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.16</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6,344,091</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">2013</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" colspan="2" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" colspan="2" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">January </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.08</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.26</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4,149,285</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">February </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.45</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.81</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17,682,548</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">March </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.13</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.41</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6,811,216</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">April </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.70</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.97</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8,764,180</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">May </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.70</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.00</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">39,214,574</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;(to June&nbsp;14) </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.72</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.56</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">31,150,633</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div>
<div style="margin:0in 0in .0001pt;"><hr size="1" width="25%" noshade color="black" align="left"></div>
</div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Source: TSX Market Data</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Options</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Option Plans authorize Rainy River to grant Options to directors, officers, employees, consultants and other personnel of Rainy River. Rainy River has represented to New Gold in the Acquisition Agreement that as of May&nbsp;31, 2013, there were issued and outstanding 9,835,968&nbsp;Options providing for the issuance of an aggregate of 9,835,968&nbsp;Shares upon the exercise thereof. Based on information provided to New Gold by Rainy River, all of the issued and outstanding Options under the 2002 Option Plan, being 8,130,968 Options, have exercise prices ranging from $0.83 to $12.65 per Share and expiry dates ranging from November&nbsp;12, 2013 to May&nbsp;1, 2017 and all of the issued and outstanding Options under the 2012 Option Plan, being 1,705,000 Options, have an exercise price of $4.81 per Share and an expiry date of December&nbsp;17, 2017.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Rainy River Board passed resolutions on June&nbsp;14, 2013 to accelerate the vesting of unvested Options, conditional upon New Gold taking up Shares under the Offer, such that all Options are fully vested and exercisable for purposes of tendering the underlying Shares to the Offer. If the Offer is not completed, holders who exercised their Options (i)&nbsp;may return, or (ii)&nbsp;if such Options were accelerated, will be required to return, to Rainy River all Shares issued pursuant to such exercised Options, and such Options will be reinstated as if they had not been&nbsp;exercised. Additionally, Rainy River has agreed that New Gold&#146;s obligation to take up and pay for Shares under the Offer is conditional upon Rainy River having made commercially reasonable efforts to cause all Options outstanding under the Option Plans to be exercised or surrendered for cancellation at the Expiry Time.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Warrants</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rainy River issued the Warrants to the holder thereof in connection with the purchase by Rainy River of the Rainy River Gold Project. Rainy River has represented to New Gold in the Acquisition Agreement that as of May&nbsp;31, 2013, there were issued and outstanding 100,000&nbsp;Warrants providing for the issuance of an aggregate of 100,000&nbsp;Shares upon the exercise thereof. Based on information provided to New Gold by Rainy River, each Warrant has an exercise price of $10.00 per Share and an expiry date of February&nbsp;2, 2017.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rainy River has agreed that New Gold&#146;s obligation to take up and pay for Shares under the Offer is conditional upon Rainy River and the Rainy River Board, as applicable, having made commercially reasonable efforts to amend the warrant certificate evidencing the Warrants to provide that each Warrant that has not been exercised prior to the Expiry Time shall entitle the holder thereof to receive, in lieu of that number of Shares otherwise issuable upon exercise of the Warrants, that number of New Gold Shares that such holder would have been entitled to receive under the Share Option if such holder had been the holder of the number of Shares to which such holder was entitled upon exercise thereof immediately prior to the Expiry Time (adjusted in accordance with the applicable exchange ratio under the Offer).</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Other Rights to Acquire Shares</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition to the rights to acquire Shares described above, Rainy River has represented to New Gold in the Acquisition Agreement that: (i) Rainy River may be required to issue up to 270,000 Shares as option exercise payments under the Mineral Property Option Agreements; (ii) Rainy River and six First Nations have entered into the Participation Agreement, pursuant to which Rainy River is required to issue Shares having a value of up to approximately $6 million to such First Nations in staged tranches upon the achievement of certain development milestones pursuant to the Participation Agreement and pursuant to which such First Nations hold a right to participate in future financings of Rainy River; and (iii) Rainy River has agreed to issue 25,000 Shares as part of the purchase price for a parcel of vacant land which may be purchased from a third party.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">39<a name="PB_39_074043_6763"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='39',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-11.htm',USER='106406',CD='Jun 18 07:05 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">With respect to any rights outstanding to acquire Shares (other than Options and Warrants) under any existing agreements, contracts or other arrangements, including without limitation the Mineral Property Option Agreements and the Participation Agreement, Rainy River has agreed that New Gold&#146;s obligation to take up and pay for Shares under the Offer is conditional upon Rainy River having made commercially reasonable efforts to ensure that such agreements and rights are amended to provide for the issuance of New Gold Shares in lieu of that number of Shares otherwise issuable under the terms of such existing agreements and/or rights, as adjusted in accordance with the applicable exchange ratio under the Share Option.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Separately, with respect to the Employee Share Purchase Plan, Rainy River has agreed that New Gold&#146;s obligation to take up and pay for Shares under the Offer is conditional upon Rainy River having taken all necessary actions and steps to issue share certificates representing all outstanding Shares credited to any participant under the Employee Share Purchase Plan (and therefore beneficially owned by such participant under the terms of the Employee Share Purchase Plan) in order to facilitate the tender of such Shares to the Offer by such participant prior to the Expiry Time, and the Rainy River Board having taken all necessary actions and steps immediately thereafter to ensure that the Employee Share Purchase Plan is terminated and no further rights or credits are granted thereunder. Rainy River has indicated to New Gold that it expects to issue 16,603 Shares pursuant to the Employee Share Purchase Plan on June&nbsp;30, 2013.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">4.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Background to the Offer</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following is a summary of the meetings, discussions and negotiations between Rainy River and New Gold that preceded the&nbsp;Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">At a meeting of the board of directors of New Gold held on May&nbsp;2, 2012 for the first quarter 2012, Hannes Portmann (Vice President, Corporate Development) presented the board (Raymond Threlkeld, director, declared his interest as President and Chief Executive Officer and a director of Rainy River and abstained from participating in discussions) with an update of various possible acquisition targets under review by New Gold management, including a brief update in respect of Rainy River as a possible acquisition target.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In May&nbsp;2012, Hannes Portmann communicated with Rainy River&#146;s Vice President, General Counsel and Corporate Secretary, Gerald Shields, and Vice President and Chief Financial Officer, Nicholas Nikolakakis, to put in place a confidentiality agreement that would allow New Gold to further its evaluation of Rainy River.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;22, 2012, New Gold and Rainy River entered into a confidentiality agreement with a term of one year from the date of the agreement to protect the confidentiality of the information of Rainy River, including information with respect to its business and assets, provided from time to time to New Gold.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In June&nbsp;and July&nbsp;2012, New Gold began to evaluate the Rainy River acquisition opportunity more closely.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">At a meeting of the board of directors of New Gold held on August&nbsp;1, 2012 for the second quarter 2012, the board (Raymond Threlkeld declared his interest as President and Chief Executive Officer and a director of Rainy River and abstained from participating) was presented with a brief update on the Rainy River acquisition opportunity whereby the board was informed that a portion of the New Gold management team would be completing a site visit to the Rainy River Gold Project the following day.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On August&nbsp;2, 2012, representatives of New Gold management, including Robert Gallagher (President and Chief Executive Officer), Ernie Mast (Vice President, Operations), Mark Petersen (Vice President, Exploration), Hannes Portmann, Nick Kwong (Corporate Mining Engineer) and Ankit Shah (Senior Associate, Corporate Development), completed a due diligence site visit to the Rainy River Gold Project.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On November&nbsp;8, 2012, New Gold&#146;s environmental and permitting consultant, a representative of RBC Capital Markets and Ankit Shah completed a due diligence site visit to the Rainy River Gold Project.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On November&nbsp;19, 2012, New Gold appointed RBC Capital Markets as its financial advisor to assist in the evaluation of the Rainy River acquisition opportunity.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On January&nbsp;9, 2013, a technical due diligence session was held at the Rainy River offices, which was attended by New Gold management and consultants as well as Rainy River management and consultants.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">40<a name="PB_40_074051_158"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='40',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-11.htm',USER='106406',CD='Jun 18 07:05 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On January&nbsp;19, 2013, the New Gold corporate development team circulated a presentation to New Gold senior management, updating senior management on the team&#146;s due diligence findings as of such time and key financial metrics of a potential acquisition transaction with Rainy River. New Gold determined not to pursue an acquisition of Rainy River at this time.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">At a meeting of the board of directors of New Gold held on May&nbsp;1, 2013 for the first quarter 2013, Hannes Portmann presented the board (Raymond Threlkeld declared his interest as President and Chief Executive Officer and a director of Rainy River and abstained from participating in discussions) with an overview of the various corporate development opportunities New Gold was then assessing. Through the ensuing discussion, it was decided that New Gold should pursue the Rainy River acquisition opportunity and New Gold management committed to providing the board with a fulsome evaluation of the opportunity by May&nbsp;6, 2013.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;3, 2013, New Gold and Rainy River entered into a new confidentiality agreement for an additional term of one year.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;6, 2013, New Gold management provided its board of directors (excluding Raymond Threlkeld) with a detailed analysis of the Rainy River acquisition opportunity and recommended that New Gold move to finalize due diligence, negotiate a transaction and complete definitive documentation.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;8, 2013, Randall Oliphant (Executive Chairman), Brian Penny (Executive Vice President and Chief Financial Officer) and Hannes Portmann of New Gold met with Dale Peniuk (Chair of the Special Committee) and Gerald Shields of Rainy River. During the meeting, New Gold communicated its interest in moving forward with an acquisition of all of the outstanding Shares. Mr.&nbsp;Peniuk and Mr.&nbsp;Shields indicated that Rainy River would need to be provided with a written expression of interest for the Special Committee to review.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;10, 2013, Randall Oliphant and Hannes Portmann met with Dale Peniuk and Gerald Shields. During the meeting, New Gold provided Rainy River with a non-binding indicative offer letter. The letter outlined a transaction whereby New Gold would acquire all of the outstanding Shares for a combination of cash and New Gold Shares.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;15, 2013, New Gold formally engaged RBC Capital Markets as its financial advisor in respect of the Rainy River acquisition opportunity with an effective date of the engagement as of November&nbsp;19, 2012.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;17, 2013, Randall Oliphant and Dale Peniuk met to discuss the terms of the non-binding indicative offer letter provided to Rainy River at the May&nbsp;10, 2013 meeting. Dale Peniuk indicated that the Special Committee had concluded that the proposed offer was inadequate.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;22, 2013, Randall Oliphant and Dale Peniuk discussed the terms of the potential transaction and the expectations of both New Gold and Rainy River.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;23, 2013, New Gold provided Rainy River with a revised non-binding indicative offer letter.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;24, 2013, Dale Peniuk indicated to Randall Oliphant that the Special Committee had concluded that the revised offer was inadequate. Mr.&nbsp;Peniuk proposed an outline of an offer that would be acceptable to the Special Committee. New Gold concluded that it was not prepared to move forward at the proposed value.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;27, 2013, Randall Oliphant and Dale Peniuk discussed further the terms of the potential transaction and the expectations of both New Gold and Rainy River.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;28, 2013, New Gold agreed to increase the offered consideration. From May&nbsp;28 to May&nbsp;30, New Gold and Rainy River and their respective counsel negotiated the proposed terms of the Acquisition Agreement.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;30, 2013, the parties conducted a confirmatory due diligence session of senior management of each of New Gold and Rainy River. Upon further discussion between Randall Oliphant and Dale Peniuk, a purchase price of $3.83 per Share was settled between the parties. Following this, the board of directors of New Gold met to approve, among other things, the entering into of the Acquisition Agreement and the Lock-Up Agreements and the Rainy River Board met to approve, among other things, the entering into of the Acquisition Agreement.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On May&nbsp;31, 2013, New Gold and Rainy River executed the Acquisition Agreement and the Locked-Up Shareholders entered into Lock-Up Agreements with New Gold. Prior to markets opening that day, New Gold and Rainy </font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">41<a name="PB_41_074107_5753"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='41',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-11.htm',USER='106406',CD='Jun 18 07:05 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">River jointly announced the entering into of the Acquisition Agreement and Lock-Up Agreements and New Gold&#146;s intention to make the Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">5.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Purpose of the Offer and Plans for Rainy River</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The purpose of the Offer is to enable New Gold to acquire, on the terms and subject to the conditions of the Offer, all of the outstanding Shares and SRP Rights. New Gold currently intends, if it takes up and pays for the Shares validly deposited under the Offer, to acquire all of the outstanding Shares not deposited under the Offer by way of a Compulsory Acquisition or Subsequent Acquisition Transaction. If New Gold is unable or elects not to effect a Compulsory Acquisition or Subsequent Acquisition Transaction, New Gold will evaluate other alternatives to acquire all of the Shares not deposited under the Offer. See Section&nbsp;9 of the Circular, &#147;Acquisition of Shares Not&nbsp;Deposited&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Upon completion of the Offer, New Gold intends to conduct a detailed review of Rainy River, including an evaluation of its exploration and development programs, assets and operations and organizational and capital structure to determine what changes would be desirable in light of such review and the circumstances that then exist with the ultimate goal being the successful integration of the operations of Rainy River and New Gold.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Except as disclosed elsewhere herein, New Gold does not currently have any plan or proposal for material changes in Rainy River&#146;s affairs following completion of the Offer and any Compulsory Acquisition or Subsequent Acquisition Transaction.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold intends, to the extent permitted by applicable Laws, to cause: (a)&nbsp;Rainy River to apply to voluntarily delist the Shares from the TSX as soon as practicable after completion of the Offer and, if applicable, any Compulsory Acquisition or Subsequent Acquisition Transaction; and (b)&nbsp;Rainy River to cease to be a reporting issuer under the securities laws of each jurisdiction of Canada in which it is a reporting issuer. See Section&nbsp;15 of the Circular, &#147;Effect of the Offer on the Market for and Listing of Shares and Status as a Reporting Issuer&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">6.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Acquisition Agreement</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold and Rainy River entered into the Acquisition Agreement dated May&nbsp;31, 2013, pursuant to which, among other things and subject to the conditions set out therein, New Gold has agreed to make the Offer and Rainy River has agreed to support the Offer and not solicit any competing Acquisition Proposal.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following is a summary of certain provisions of the Acquisition Agreement. This summary does not purport to be complete and is subject to, and is qualified in its entirety by reference to, the provisions of the Acquisition Agreement. The Acquisition Agreement has been filed by New Gold and Rainy River under their respective profiles on SEDAR at www.sedar.com.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Support of the Offer</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Rainy River Board, after consultation with its financial and legal advisors and following receipt of a unanimous recommendation of the Special Committee, has unanimously determined that the Offer is in the best interests of Rainy River and the Shareholders and, accordingly, has unanimously approved the entering into of the Acquisition Agreement and unanimously recommends that Shareholders accept the Offer and tender their Shares to the Offer. For further information, see Section&nbsp;1 of the Offer, &#147;The Offer&nbsp;&#151; Rainy River Board Recommendation&#148;, and the accompanying Directors&#146; Circular.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">The Offer</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold has agreed to make the Offer on the terms and conditions set out in the Acquisition Agreement, as fully described in the Offer. The only conditions to which the Offer is subject are those described in Section&nbsp;4 of the Offer, &#147;Conditions of the&nbsp;Offer&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold may, in its sole discretion, modify or waive any term or condition of the Offer, provided that New Gold will not, without the prior consent of Rainy River: (a)&nbsp;modify the Minimum Tender Condition; (b)&nbsp;waive the Minimum Tender Condition; (c)&nbsp;impose additional conditions to the Offer; (d)&nbsp;decrease the consideration per Share (other than in accordance with the Acquisition Agreement, if Rainy River declares, sets aside or pays any dividend or other distribution to the Shareholders of record as of a time prior to the Expiry Time); (e)&nbsp;decrease the number of Shares in respect of which the Offer is made; (f)&nbsp;change the amount or form of consideration payable under the Offer (other than in accordance with the </font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">42<a name="PB_42_074125_1002"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='42',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-11.htm',USER='106406',CD='Jun 18 07:05 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Acquisition Agreement, if Rainy River declares, sets aside or pays any dividend or other distribution to the Shareholders of record as of a time prior to the Expiry Time) and/or to increase the total consideration per Share and/or add additional consideration; or (g)&nbsp;otherwise vary the Offer or any terms or conditions thereof (other than a waiver of a condition other than the Minimum Tender Condition), in any case in a manner that is materially adverse to the Shareholders.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold has agreed to effect the listing of the New Gold Shares to be issued pursuant to the Offer on the TSX and the NYSE MKT at the time of issue of such New Gold Shares and to cause the New Gold Shares to be issued to Shareholders pursuant to the Offer to be issued pursuant to an effective registration statement filed by New Gold under the U.S. Securities Act on Form&nbsp;F-10.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Board of Directors Representation</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Promptly upon the purchase by New Gold of such number of Shares as represents at least 66</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">2</font><font size="2" style="font-size:10.0pt;">/</font><font size="1" style="font-size:6.5pt;position:relative;top:1.0pt;">3</font><font size="2" style="font-size:10.0pt;">% of the then outstanding Shares on a fully-diluted basis and from time to time thereafter, New Gold will be entitled to designate such number of members of the Rainy River Board, and any committees thereof, as is proportionate to the percentage of the outstanding Shares owned by New Gold, and Rainy River will not frustrate or attempt to&nbsp;frustrate New Gold&#146;s attempts to do so. Rainy River has agreed to cooperate with New Gold, subject to applicable Laws, to enable New Gold&#146;s designees to be elected or appointed to the Rainy River Board and to constitute a majority of the Rainy River Board, including at the request of New Gold by its best efforts to increase the size of the Rainy River Board and/or secure the resignations of such number of directors as is necessary for New Gold&#146;s designees to be elected or appointed to the Rainy River&nbsp;Board.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Non Solicitation Covenant</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rainy River has agreed that, except as otherwise provided by the Acquisition Agreement, it and the Rainy River Subsidiary will not, directly or indirectly, through any Representative of Rainy River:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">solicit, assist, initiate, encourage or facilitate (including by way of discussion, negotiation, furnishing information, permitting any visit to any facilities or properties of Rainy River or the Rainy River Subsidiary or entering into any form of written or oral agreement, arrangement or understanding) any inquiries, proposals or offers regarding, or that may reasonably be expected to lead to, any Acquisition Proposal;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">engage or participate in any discussions or negotiations regarding, or provide any information with respect to or otherwise cooperate with any person (other than New Gold and its Representatives) regarding, any Acquisition Proposal or potential Acquisition Proposal;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">withdraw, modify or qualify, or propose publicly to withdraw, modify or qualify, in any manner adverse to New Gold, the approval or recommendation of the Acquisition Agreement or the Offer by the Rainy River Board or any of its&nbsp;committees;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">approve or recommend, or remain neutral with respect to, or propose publicly to approve or recommend, any Acquisition Proposal (it being understood that publicly taking no position or a neutral position with respect to an Acquisition Proposal until seven calendar days following the public announcement of such Acquisition Proposal shall not be considered a violation of this clause);</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">accept or enter into, or publicly propose to accept or enter into, any letter of intent, agreement in principle, agreement, arrangement or undertaking related to any Acquisition Proposal;&nbsp;or</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">release any person from or waive or otherwise forebear in the enforcement of any confidentiality or standstill agreement or any other agreement with such person that would facilitate the making or implementation of any Acquisition Proposal.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notwithstanding the foregoing, subject to certain provisions of the Acquisition Agreement, Rainy River may (a)&nbsp;enter into an agreement (in addition to a confidentiality agreement that Rainy River is permitted to enter into by the Acquisition Agreement) with respect to an Acquisition Proposal that is a Superior Proposal, and/or (b)&nbsp;withdraw, modify or qualify its approval or recommendation of the Offer and recommend or approve an Acquisition Proposal that is a Superior Proposal, upon the termination of the period ending at 5:00&nbsp;p.m. (Toronto time) on the fifth business day following the date of receipt by New Gold of a Superior Proposal Notice (the&nbsp;&#147;<b>Match Period</b>&#148;) and the termination of the Acquisition Agreement in accordance with the applicable provisions of the Acquisition Agreement.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">43<a name="PB_43_074149_1031"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='43',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-11.htm',USER='106406',CD='Jun 18 07:05 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition, nothing contained in the Acquisition Agreement will prevent the Rainy River Board from responding through a directors&#146; circular or otherwise as required by applicable Laws to an Acquisition Proposal that it determines is not a Superior Proposal.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Acquisition Agreement defines an &#147;<b>Acquisition Proposal</b>&#148; as:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">any take-over bid, issuer bid, amalgamation, plan of arrangement, business combination, merger, tender offer, exchange offer, consolidation, recapitalization, reorganization, liquidation, dissolution or winding-up in respect of Rainy River;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">any sale of assets (or&nbsp;any lease, long-term supply arrangement, licence or other arrangement having the same economic effect as a sale) of Rainy River or the Rainy River Subsidiary representing 20% or more of the consolidated assets, revenues or earnings of&nbsp;Rainy River;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">any sale or issuance of shares or other equity interests (or&nbsp;securities convertible into or exercisable for such shares or interests) in Rainy River representing 20% or more of the issued and outstanding equity or voting interests of Rainy River;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">any similar transaction or series of transactions involving Rainy River or the Rainy River Subsidiary;&nbsp;and</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">any inquiry, proposal, offer or public announcement of an intention to do any of the&nbsp;foregoing.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rainy River agreed to immediately cease and cause to be terminated any existing solicitation, discussion, negotiation, encouragement or activity with any person (other than New Gold or any of its Representatives) by Rainy River or any of its Representatives with respect to any Acquisition Proposal or any potential Acquisition Proposal. Rainy River also agreed to immediately cease to provide any person (other than New Gold or any of its Representatives) with access to information concerning Rainy River or the Rainy River Subsidiary in respect of any Acquisition Proposal or any potential Acquisition Proposal, and request the return or destruction of all confidential information provided to any person (other than New Gold or any of its Representatives) that has entered into a confidentiality agreement with Rainy River relating to any Acquisition Proposal or potential Acquisition Proposal to the extent provided for in such confidentiality agreement and agreed to use all commercially reasonable efforts to ensure that such requests are&nbsp;honoured.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rainy River agreed to promptly (and&nbsp;in any event within 24&nbsp;hours) notify New Gold, at first orally and then in writing, of any proposal, inquiry, offer or request received by Rainy River or its Representatives: (a)&nbsp;relating to an Acquisition Proposal or potential Acquisition Proposal or inquiry that could reasonably lead or be expected to lead to an Acquisition Proposal; (b)&nbsp;for discussions or negotiations in respect of an Acquisition Proposal or potential Acquisition Proposal; (c)&nbsp;for non-public information relating to Rainy River or the Rainy River Subsidiary, access to properties, books, records or a list of Shareholders, holders of Options or holders of Warrants or a list of shareholders of the Rainy River Subsidiary; (d)&nbsp;for representation on the Rainy River Board; or (e)&nbsp;any material amendments to the foregoing. Such notice must include the identity of the person making such proposal, inquiry, offer or request, a description of the terms and conditions of such proposal, inquiry, offer or request, copies of all written communications in respect of such proposal, inquiry, offer, or request, including any term sheet, summary or letter of intent or similar document (including drafts thereof) relating to such Acquisition Proposal or potential Acquisition Proposal and such other details of the proposal, inquiry, offer or request that New Gold may reasonably request. Rainy River agreed to keep New Gold promptly and fully informed of the status, including any change to the material terms, of such proposal, inquiry, offer or request and agreed to respond promptly to all inquiries by New Gold with respect thereto.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Responding to Acquisition Proposals</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In the event Rainy River receives a <i>bona&nbsp;fide</i> written Acquisition Proposal made after May&nbsp;31, 2013 (that was not solicited, assisted, initiated, encouraged or facilitated in contravention of the Acquisition Agreement), Rainy River and its Representatives may contact the person making such Acquisition Proposal and its Representatives solely for the purpose of clarifying the terms and conditions of such Acquisition Proposal and the likelihood of its consummation so as to determine whether such Acquisition Proposal is, or is reasonably likely to lead to, a Superior Proposal.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the Rainy River Board determines, after consultation with its outside legal and financial advisors, that such Acquisition Proposal is, or is reasonably likely to lead to, a Superior Proposal (disregarding, for the purposes of such determination only, any term of such Acquisition Proposal that provides for a due diligence investigation) and that the failure </font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">44<a name="PB_44_074211_7990"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='44',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-11.htm',USER='106406',CD='Jun 18 07:05 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">to take the relevant action would be inconsistent with its fiduciary duties, Rainy River and its Representatives may: (a)&nbsp;furnish information with respect to Rainy River and the Rainy River Subsidiary to the person making such Acquisition Proposal and its Representatives and allow such person access to Rainy River&#146;s facilities and properties if (i)&nbsp;such person has entered into a confidentiality agreement that contains provisions that are not less favourable to Rainy River than those contained in the Confidentiality Agreements (except that it must permit the disclosure to New Gold required by the Acquisition Agreement), and (ii)&nbsp;Rainy River sends a copy of such confidentiality agreement to New Gold promptly following its execution and New Gold is promptly provided with a list of, and access to (to&nbsp;the extent not previously provided to New Gold), the information provided to such person; and (b)&nbsp;engage in discussions and negotiations with the person making such Acquisition Proposal and its Representatives, provided that all such access and discussions must cease during the Match&nbsp;Period.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Ability of Rainy River to Accept a Superior Proposal and New Gold&#146;s Right to Match</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rainy River has agreed that if the Rainy River Board determines, after consultation with its outside legal and financial advisors, that an Acquisition Proposal is a Superior Proposal and that the failure to take the relevant action would be inconsistent with its fiduciary duties, Rainy River will deliver written notice (the&nbsp;&#147;<b>Superior Proposal Notice</b>&#148;) to New Gold (a)&nbsp;of the determination of the Rainy River Board that the Acquisition Proposal is a Superior Proposal, (b)&nbsp;of the intention of the Rainy River Board to approve or recommend such Superior Proposal and/or of Rainy River to enter into an agreement with respect to such Superior Proposal, together with a copy of such agreement executed by the person making such Superior Proposal that is capable of acceptance by Rainy River, and (c)&nbsp;providing a summary of the valuation analysis attributed by the Rainy River Board in good faith to any non-cash consideration included in such Acquisition Proposal after consultation with its financial advisors.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Acquisition Agreement defines a &#147;<b>Superior Proposal</b>&#148; as a <i>bona&nbsp;fide</i> Acquisition Proposal&nbsp;that:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">is made in writing after May&nbsp;31, 2013;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">was not solicited after May&nbsp;31, 2013 in contravention of Rainy River&#146;s non-solicitation covenant or Rainy River&#146;s covenants regarding Acquisition Proposals;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">is made for all or substantially all of the consolidated assets of Rainy River or all of the Shares not owned by the person making such Acquisition Proposal;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">in the good faith determination of the Rainy River Board, after consultation with its outside legal and financial advisors, (i)&nbsp;would, if consummated in accordance with its terms (but&nbsp;not assuming away any risk of non-completion), result in a transaction more favourable to the Shareholders from a financial point of view than the Offer (including any amendment to the Offer offered by New Gold during the Match Period) taking into account the form and amount of consideration, the likelihood and timing of completion and the other terms thereof (after due consideration of the legal, financial, regulatory and other aspects of such proposal and other factors deemed relevant by the Rainy River Board); (ii)&nbsp;complies with applicable Law; (iii)&nbsp;is not subject to a due diligence condition; (iv)&nbsp;is reasonably capable of being completed in accordance with its terms without undue delay, taking into account all legal, financial, regulatory and other aspects of such proposal and the party making such proposal; (v)&nbsp;in respect of which the financing is then committed;&nbsp;and (vi)&nbsp;the taking of action in respect of such Acquisition Proposal is necessary for the Rainy River Board in the discharge of its duties under applicable&nbsp;Law.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rainy River has agreed that during the Match Period, New Gold will have the opportunity, but not the obligation, to offer to amend the terms of the Offer and the Acquisition Agreement and Rainy River will cooperate with New Gold with respect thereto, including negotiating in good faith with New Gold to enable New Gold to make such amendments to the Offer and the Acquisition Agreement as New Gold deems appropriate as would enable New Gold to proceed with the Offer on such adjusted provisions. The Rainy River Board will review any such offer by New Gold to amend the terms of the Offer and the Acquisition Agreement in order to determine, in good faith in the exercise of its fiduciary duties, whether New Gold&#146;s offer to amend the Offer and the Acquisition Agreement, upon its acceptance, would result in the Acquisition Proposal ceasing to be a Superior Proposal compared to the amendment to the terms of the Offer and the Acquisition Agreement offered by New Gold. If the Rainy River Board determines that the Acquisition Proposal would cease to be a Superior Proposal, New Gold will amend the Offer and Rainy River and New Gold will enter into an amendment to the Acquisition Agreement reflecting the offer by New Gold to amend the terms of the Offer and the Acquisition Agreement.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">45<a name="PB_45_074218_2846"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='45',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-11.htm',USER='106406',CD='Jun 18 07:05 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If New Gold does not offer to amend the terms of the Offer and the Acquisition Agreement or the Rainy River Board does not make the determination referred to above, Rainy River will be entitled to terminate the Acquisition Agreement and enter into an agreement in respect of the Superior Proposal and/or withdraw, modify or qualify its approval or recommendation of the Offer and recommend or approve the Superior Proposal, as applicable, provided that it has paid or, concurrently with termination, pays to New Gold the Termination Payment contemplated by the Acquisition Agreement and further provided that Rainy River has not breached any of its covenants regarding Acquisition Proposals under the Acquisition Agreement.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Reaffirmation of Recommendation by the Rainy River Board</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rainy River has agreed that the Rainy River Board is to promptly reaffirm its recommendation of the Offer by news release after: (a)&nbsp;any Acquisition Proposal (which is determined not to be a Superior Proposal) is publicly announced or made; (b)&nbsp;the Rainy River Board determines that a proposed amendment to the terms of the Offer and the Acquisition Agreement would result in the Acquisition Proposal not being a Superior Proposal, and New Gold has so amended the terms of the Offer; or (c)&nbsp;the written request of New Gold.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Subsequent Acquisition Transaction</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If, within four months after the date of the Offer, the Offer has been accepted by Shareholders holding not less than 90% of the outstanding Shares as at the Expiry Time, excluding Shares held at the date of the Offer by or on behalf of New Gold, or an affiliate or an associate of New Gold, New Gold will, to the extent possible, acquire the remainder of the Shares from those Shareholders who have not accepted the Offer, pursuant to a Compulsory Acquisition, as described in Section&nbsp;9 of the Circular, &#147;Acquisition of Shares Not Deposited&nbsp;&#151; Compulsory Acquisition&#148;. If that statutory right of acquisition is not available or would not result in New Gold acquiring all Shares issuable on exercise, exchange or conversion of all Options and Warrants, New Gold will use its commercially reasonable best efforts to acquire the remaining Shares not tendered to the Offer as soon as practicable, including by way of a Subsequent Acquisition Transaction for consideration at least equivalent in value to the consideration paid pursuant to the Offer. Rainy River has agreed, in the event New Gold takes up and pays for Shares tendered under the Offer representing at least 66</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">2</font><font size="2" style="font-size:10.0pt;">/</font><font size="1" style="font-size:6.5pt;position:relative;top:1.0pt;">3</font><font size="2" style="font-size:10.0pt;">% of the outstanding Shares (calculated on a fully-diluted basis as at the Expiry Time), to assist New Gold in connection with any Subsequent Acquisition Transaction to acquire the remaining Shares, provided that the consideration offered in connection with the Subsequent Acquisition Transaction is at least equivalent in value to the consideration offered under the&nbsp;Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Termination of the Acquisition Agreement</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Acquisition Agreement may be terminated at any time prior to the time of the appointment or election to the Rainy River Board of persons designated by New Gold who represent a majority of the directors of Rainy River (the&nbsp;&#147;<b>Change of Control&nbsp;Time</b>&#148;):</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">by mutual written agreement of New Gold and Rainy River;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">by New Gold if the Minimum Tender Condition or any other condition of the Offer is not satisfied at the Expiry&nbsp;Time, other than as a result of the breach by New Gold of any covenant or obligation under the Acquisition Agreement, and New Gold does not elect to waive such condition;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">by Rainy River or New Gold, if New Gold has not taken up and paid for the Shares deposited under the Offer by a date that is 120&nbsp;days following the date of mailing of the Offer (the &#147;<b>Outside Date</b>&#148;), otherwise than as a result of the breach by such party of any covenant or obligation under the Acquisition Agreement or as a result of any representation or warranty of such party in the Acquisition Agreement being untrue or incorrect; provided, however, that if New Gold&#146;s take-up and payment for Shares deposited under the Offer is delayed by (i)&nbsp;an injunction or order made by a Governmental Entity of competent jurisdiction, or (ii)&nbsp;New Gold not having obtained any regulatory waiver, consent or approval which is necessary to permit New Gold to take up and pay for Shares deposited under the Offer, then, provided that such injunction or order is being contested or appealed or such regulatory waiver, consent or approval is being actively sought by New Gold, the Acquisition Agreement will not be terminated pursuant to this clause until the earlier of the 180th&nbsp;day after the date of mailing of the Offer and the fifth business day following the date on which such injunction or order ceases to be in effect or such waiver, consent or approval is obtained (each termination event set forth in this clause being an&nbsp;&#147;<b>Outside Date Termination Event</b>&#148;);</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">46<a name="PB_46_074223_457"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='46',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-11.htm',USER='106406',CD='Jun 18 07:05 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">by Rainy River or New Gold, if any Governmental Entity has issued an order, decree or ruling permanently restraining or enjoining or otherwise prohibiting any of the transactions contemplated by the Acquisition Agreement (unless such order, decree or ruling has been withdrawn, reversed or otherwise made inapplicable) which order, decree or ruling is final and non-appealable;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">by Rainy River or New Gold, if (i)&nbsp;the other party is in default of any material covenant or obligation under the Acquisition Agreement; or (ii)&nbsp;any representation or warranty of the other party to the Acquisition Agreement was at the date of the Acquisition Agreement untrue or incorrect in any material respect or has become untrue or incorrect in any material respect at any time prior to the Expiry Time, except for such inaccuracies in the representations and warranties which, individually or in the aggregate, would not reasonably be expected to, in the case of New Gold, have a Material Adverse Effect in respect of Rainy River or prevent or materially delay the consummation of the transactions contemplated in the Acquisition Agreement or, in the case of Rainy River, prevent or materially delay the consummation of the transactions contemplated in the Acquisition Agreement, provided that the non-defaulting party has delivered written notice to the defaulting party specifying in reasonable detail all defaults or breaches of covenants, representations and warranties or other matters which such non-defaulting party is asserting as the basis for the right of termination and the non-defaulting party is entitled to terminate the Acquisition Agreement pursuant to this clause only if such default or breach has not been cured at the earlier of (x)&nbsp;the Expiry Time and (y)&nbsp;the close of business on the third business day after the delivery of such notice of default or&nbsp;breach;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">by New Gold, if (i)&nbsp;the Rainy River Board or the Special Committee withdraws, modifies, changes or qualifies its approval or recommendation of the Acquisition Agreement or the Offer in any manner adverse to New Gold; (ii)&nbsp;the Rainy River Board fails to publicly affirm its approval or recommendation of the Acquisition Agreement or the Offer within five calendar days of any written request to do so by New Gold; (iii)&nbsp;the Rainy River Board or the Special Committee recommends or approves an Acquisition Proposal; (iv)&nbsp;the Rainy River Board or the Special Committee has resolved to do either (i)&nbsp;or (iii)&nbsp;above; or (v)&nbsp;Rainy River is in material default of any covenant or obligation under its covenants regarding Acquisition Proposals (each of (i)&nbsp;through (v)&nbsp;being a &#147;<b>New Gold Termination Event</b>&#148;);</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">by Rainy River, if Rainy River proposes to accept, approve or recommend, or enter into a definitive agreement with respect to a Superior Proposal as described above under &#147;&#151;&nbsp;Ability of Rainy River to Accept a Superior Proposal and New Gold&#146;s Right to Match&#148;, provided that Rainy River has complied with certain obligations, including paying to New Gold the applicable Termination Payment, and provided that Rainy River is not in breach of any of its covenants or obligations under the Acquisition Agreement;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">by Rainy River or New Gold, if New Gold elects not to match a Superior Proposal in accordance with the Acquisition Agreement, provided that Rainy River has paid to New Gold the applicable Termination Payment (each of (g)&nbsp;and (h)&nbsp;being a &#147;<b>Rainy River Termination Event</b>&#148;); and</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">by New Gold, if Rainy River fails to satisfy any of the conditions of the Offer.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Termination Payment and Expense Reimbursement Payments</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold will be entitled to a cash payment of $14&nbsp;million (the&nbsp;&#147;<b>Termination Payment</b>&#148;) upon the occurrence of any of the following events (each a &#147;<b>Termination Payment Event</b>&#148;) which will be paid by Rainy River within the time specified in respect of each such Termination Payment&nbsp;Event:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Acquisition Agreement is terminated by New Gold pursuant to a New Gold Termination Event, in which case the Termination Payment will be paid to New Gold by 1:00&nbsp;p.m. (Toronto time) on the first business day following termination;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Acquisition Agreement is terminated by Rainy River pursuant to a Rainy River Termination Event, in which case the Termination Payment will be paid prior to or concurrently with such termination;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Acquisition Agreement is terminated by New Gold (i)&nbsp;as a result of the Minimum Tender Condition not being satisfied or (ii)&nbsp;as a result of an Outside Date Termination Event, in each case if on or after the date of the Acquisition Agreement and prior to the Expiry Time, an Acquisition Proposal is publicly announced and not publicly withdrawn or abandoned prior to the Expiry Time, and within six months following the</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">47<a name="PB_47_074323_2959"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='47',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-11.htm',USER='106406',CD='Jun 18 07:05 2013' -->


<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">termination of the Acquisition Agreement any definitive agreement in respect of any Acquisition Proposal is entered into, in which case the Termination Payment will be paid on the date such definitive agreement in respect of the Acquisition Proposal is entered into. For the purposes of this paragraph&nbsp;(c)&nbsp;only, all references to 20% in the definition of &#147;Acquisition Proposal&#148; are to be read as 50% and a transaction contemplated by paragraph&nbsp;(c)&nbsp;of such definition will not be considered to be an &#147;Acquisition Proposal&#148; unless it is an issue of 50% or more of the issued and outstanding shares or voting securities of Rainy River to a person or group of persons acting jointly and in concert, other than an underwriter in connection with a distribution;&nbsp;or</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Acquisition Agreement is terminated by New Gold if Rainy River is in default of any material covenant or obligation under the Acquisition Agreement or has failed to satisfy any of the conditions of the Offer, in which case the Termination Payment will be paid to New Gold by 1:00&nbsp;p.m. (Toronto time) on the first business day following termination.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the Offer is terminated by New Gold under its right to terminate the Acquisition Agreement if (a)&nbsp;Rainy River is in default of any material covenant or obligation under the Acquisition Agreement, or (b)&nbsp;any representation or warranty of Rainy River was at the date of the Acquisition Agreement untrue or incorrect in any material respect or has become untrue or incorrect in any material respect at any time prior to the Expiry Time (except for such inaccuracies in the representations and warranties which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect in respect of Rainy River or prevent or materially delay the consummation of the transactions contemplated in the Acquisition Agreement), New Gold will be entitled to payment of an amount (the&nbsp;&#147;<b>New Gold Expense Reimbursement Amount</b>&#148;) as is required to reimburse New Gold for all reasonable costs and expenses incurred by it in connection with the Acquisition Agreement and the Offer, including all reasonable fees, costs and expenses of its legal, financial, auditing, professional and other advisors and all other reasonable costs and expenses whatsoever or howsoever incurred in connection therewith, up to a maximum of $1&nbsp;million to New Gold by the fifth business day following the receipt by Rainy River of an invoice for such fees and expenses, supported by applicable documentation.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the Offer is terminated by Rainy River under its right to terminate the Acquisition Agreement if (a)&nbsp;New Gold is in default of any material covenant or obligation under the Acquisition Agreement, or (b)&nbsp;any representation or warranty of New Gold was at the date of the Acquisition Agreement untrue or incorrect in any material respect or has become untrue or incorrect in any material respect at any time prior to the Expiry Time (except for such inaccuracies in the representations and warranties which, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect in respect of New Gold or prevent or materially delay the consummation of the transactions contemplated in the Acquisition Agreement), Rainy River will be entitled to payment of an amount (the&nbsp;&#147;<b>Rainy River Expense Reimbursement Amount</b>&#148;) as is required to reimburse Rainy River for all reasonable costs and expenses incurred by it in connection with the Acquisition Agreement and the Offer, including all reasonable fees, costs and expenses of its legal, financial, auditing, professional and other advisors and all other reasonable costs and expenses whatsoever or howsoever incurred in connection therewith, up to a maximum of $1&nbsp;million to Rainy River by the fifth business day following the receipt by New Gold of an invoice for such fees and expenses, supported by applicable documentation.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Where a Termination Payment Event occurs, the payment of the Termination Payment, or where the New Gold Expense Reimbursement Amount or the Rainy River Expense Reimbursement Amount is payable, the payment of such amount, will be in consideration of the disposition of the rights of the party receiving the payment and is the sole remedy in compensation for damages of the party receiving the payment and its affiliates with respect to the event or events giving rise to the termination of the Acquisition Agreement and the resulting Termination Payment Event or requirement to pay the New Gold Expense Reimbursement Amount or Rainy River Expense Reimbursement Amount; provided, however, that nothing contained in this clause, and no payment of any Termination Payment, New Gold Expense Reimbursement Amount or Rainy River Expense Reimbursement Amount, will relieve or have the effect of relieving any party in any way from liability for damages incurred or suffered by a party as a result of an intentional or wilful breach of the Acquisition Agreement.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Representations and Warranties</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Acquisition Agreement contains a number of customary representations and warranties of New Gold and Rainy River relating to, among other things: corporate status; capitalization; the corporate authorization and enforceability of, and board approval of, the Acquisition Agreement and the Offer; fair presentation of financial statements; absence of litigation or other actions which if determined adversely is likely to have a Material Adverse Effect in respect of the applicable party or prevent or materially delay consummation of the transactions contemplated by the Acquisition Agreement; no insolvency; mineral resources and reserves; and environmental matters. The representations and warranties of Rainy River also address </font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">48<a name="PB_48_080703_7056"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='48',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-13.htm',USER='106406',CD='Jun 18 07:06 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">various matters relating to the business, operations and properties of Rainy River and the Rainy River Subsidiary, including: real property and mining concessions; absence of any Material Adverse Effect and certain other changes or events since December&nbsp;31, 2012; employee severance, termination, retention or other payments upon a change of control; pension and employee benefits; taxes; and insurance. In addition, New Gold has represented that the New Gold Shares to be issued and delivered by New Gold to tendering Shareholders pursuant to the Offer, when issued and delivered as part of the consideration paid for any securities acquired by New Gold pursuant to the Offer, will be duly and validly issued and fully paid and non-assessable shares of New Gold and that New Gold has sufficient funds to effect payment in full of the Maximum Cash Consideration.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Conduct of Business</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rainy River has agreed that, prior to the Change of Control Time, unless New Gold otherwise agrees in writing, such agreement not to be unreasonably withheld or delayed, or as otherwise expressly contemplated or permitted by the Acquisition Agreement, Rainy River will, and will cause the Rainy River Subsidiary to, among other things, (a)&nbsp;conduct its business only in, not take any action except in, and maintain its facilities in, the usual, ordinary and regular course of business consistent with past practice and use commercially reasonable efforts to preserve intact its present business organization, assets (including intellectual property) and goodwill, maintain its real property interests (including title to, and leasehold interests in respect of, any real property) in good standing, keep available the services of its officers and employees as a group and preserve the current relationships with suppliers, distributors, employees, consultants, customers and others having business relationships with it; and (b)&nbsp;consult with New Gold with respect to decisions and expenditures, other than operating and capital expenditures that have been budgeted by Rainy River in connection with its work programs for the period from May&nbsp;31, 2013 to the end of calendar year 2013, in respect of the exploration, development and maintenance of all of the properties and assets owned and controlled by Rainy River or the Rainy River Subsidiary as well as planned mineral property acquisitions. Additionally, Rainy River has agreed that it will not and will cause the Rainy River Subsidiary to not take certain actions specified in the Acquisition Agreement.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each of Rainy River and New Gold has agreed to give prompt notice to the other: (a)&nbsp;if it becomes aware that any representation or warranty made by it in the Acquisition Agreement is untrue or inaccurate in any material respect; (b)&nbsp;of the occurrence or failure to occur of any event, which occurrence or failure would cause or may cause any representation or warranty on its part contained in the Acquisition Agreement to be untrue or inaccurate in any material respect; and (c)&nbsp;of any failure of it or any of its Representatives to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it under the Acquisition Agreement.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Other Covenants</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each of Rainy River and New Gold has agreed to a number of mutual covenants, including to use reasonable best efforts to take, or cause to be taken, all action and to do, or cause to be done, all things necessary, proper or advisable (a)&nbsp;to satisfy (or&nbsp;cause the satisfaction of) the conditions of the Offer to the extent the same is within its control and to consummate and make effective as promptly as is practicable the transactions contemplated by the Acquisition Agreement; and (b)&nbsp;for the discharge by it of its respective obligations under the Acquisition Agreement and the Offer, including its obligations under applicable Laws, in each case including the execution and delivery of such documents as the other party may reasonably require. In addition, upon reasonable notice and subject to the Confidentiality Agreements, Rainy River has agreed to continue to provide New Gold and its Representatives with (i)&nbsp;reasonable and immediate access to all books, records, information and files in its possession and control; (ii)&nbsp;access to its personnel on an as reasonably requested basis; and (iii)&nbsp;reasonable and immediate access to the properties of Rainy River and the Rainy River Subsidiary in order to allow New Gold to continue to conduct such investigations as New Gold may consider necessary or advisable, and has further agreed to assist New Gold in all reasonable ways in any investigations which New Gold may wish to conduct; provided that Rainy River will not be required to disclose information which it is prohibited from disclosing pursuant to a confidentiality agreement, or confidentiality provision of an agreement, with a third party.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Rainy River&#146;s Officers and Directors</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">From and after the Change of Control Time, Rainy River (or&nbsp;its successor) will maintain for a period of six years on a &#147;trailing&#148; or &#147;run-off&#148; basis, a directors&#146; and officers&#146; insurance policy for all present and former directors and officers of Rainy River and the Rainy River Subsidiary, covering claims in respect of acts or omissions in their capacity as directors or officers of Rainy River occurring prior to the Change of Control Time made prior to or within six years after such time, on terms and conditions comparable to those applicable to the current directors and officers of Rainy River and the Rainy River </font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">49<a name="PB_49_080716_5335"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='49',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-13.htm',USER='106406',CD='Jun 18 07:06 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subsidiary, provided that in no event will Rainy River be required to expend more than an amount per year equal to 200% of the current annual premiums paid by Rainy River for such&nbsp;insurance.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">From and after the Change of Control Time, Rainy River will ensure that the articles, by-laws and/or other constating documents of Rainy River and the Rainy River Subsidiary (or&nbsp;their successors) contain the provisions with respect to indemnification set forth in Rainy River&#146;s or the Rainy River Subsidiary&#146;s current articles and/or by-laws, which provisions will not, except to the extent required by applicable Laws, be amended, repealed or otherwise modified for a period of six years from the Change of Control Time in any manner that would adversely affect the rights thereunder of individuals who, immediately prior to such time, were directors or officers of Rainy River or the Rainy River Subsidiary, and Rainy River will ensure that the obligations of Rainy River or the Rainy River Subsidiary under any indemnification agreements between Rainy River or the Rainy River Subsidiary and its directors and officers continue in place or are assumed by, if applicable, any successor to Rainy River or the Rainy River Subsidiary.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold has agreed to ensure that all amounts payable in respect of or on a change of control of Rainy River under all employment and other agreements that were disclosed to New Gold by Rainy River are paid in accordance with the provisions of such agreements.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Outstanding Options and Warrants</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rainy River has agreed that the Rainy River Board will resolve, effective prior to the initial scheduled Expiry Time, to accelerate the vesting of all unvested Options, conditional upon New Gold taking up Shares under the Offer. Rainy River has also agreed that New Gold&#146;s obligation to take up and pay for Shares under the Offer is conditional upon Rainy River having made commercially reasonable efforts to cause all Options outstanding under the Option Plans to be exercised or surrendered for cancellation at the Expiry Time.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rainy River has agreed that New Gold&#146;s obligation to take up and pay for Shares under the Offer is conditional upon Rainy River and the Rainy River Board, as applicable, having made commercially reasonable efforts to amend the warrant certificate evidencing the Warrants to provide that each Warrant that has not been exercised prior to the Expiry Time shall entitle the holder thereof to receive, in lieu of that number of Shares otherwise issuable upon exercise of the Warrants, that number of New Gold Shares that such holder would have been entitled to receive under the Share Option if such holder had been the holder of the number of Shares to which such holder was entitled upon exercise thereof immediately prior to the Expiry Time (adjusted in accordance with the applicable exchange ratio under the Offer).</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">See Section&nbsp;1 of the Offer, &#147;The Offer&nbsp;&#151; Options and Warrants&#148;, and Section&nbsp;3 of the Circular, &#147;Certain Information Concerning Securities of&nbsp;Rainy River&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">7.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Lock-Up Agreements</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold entered into a Lock-Up Agreement with each Locked-Up Shareholder as of May&nbsp;31, 2013, as may be amended. The aggregate number of Shares beneficially owned by the Locked-Up Shareholders and subject to the Lock-Up Agreements represents approximately 4.8% of the Shares on a fully-diluted basis. The following is a summary of certain provisions of the Lock-Up Agreements. This summary does not purport to be complete and is subject to, and is qualified in its entirety by reference to, the provisions of the Lock-Up Agreements. The Lock-Up Agreements have been filed by New Gold and Rainy River under their respective profiles on SEDAR at www.sedar.com.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Agreement to Make the Offer</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold has agreed to make the Offer upon and subject to the terms and conditions set out in the Acquisition Agreement and to take up and pay for all Shares tendered under the Offer as soon as reasonably possible and in any event not later than three business days following the time at which New Gold becomes first entitled pursuant to applicable Law to take up such Shares in accordance with the terms and subject to the conditions of the Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Agreement to Tender</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Locked-Up Shareholders have agreed to irrevocably deposit or cause to be irrevocably deposited under the Offer all Shares which they beneficially own or over which they exercise control or direction within 14 days of the mailing of the&nbsp;Offer.&#160; All Shares issued upon the conditional exercise of Options held by the Locked-Up Shareholders will be deposited under the Offer on exercise prior to the Expiry Time.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">50<a name="PB_50_080723_5796"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='50',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-13.htm',USER='106406',CD='Jun 18 07:06 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Covenants of the Locked-Up Shareholders</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each Locked-Up Shareholder has agreed, among other things, that it will: (a)&nbsp;immediately cease and cause to be terminated all existing solicitation, discussion, negotiation, encouragement or activity, if any, with any person or group or any agent or representative of any person or group conducted before the date of the relevant Lock-Up Agreement with respect to any Acquisition Proposal or any potential Acquisition Proposal; (b)&nbsp;not directly or indirectly, including through any Representative, solicit, assist, initiate, knowingly encourage or facilitate (including by way of discussion, negotiation, furnishing information, permitting any visit to any facilities or properties of Rainy River or the Rainy River Subsidiary, or entering into any form of written or oral agreement, arrangement or understanding) any inquiries, proposals or offers regarding, or that may reasonably be expected to lead to, any Acquisition Proposal; (c)&nbsp;not engage or participate in any discussions or negotiations regarding, or provide any information with respect to or otherwise cooperate with any person (other than New Gold and its Representatives) regarding, any Acquisition Proposal or potential Acquisition Proposal; (d)&nbsp;not accept or enter into, or publicly propose to accept or enter into, any letter of intent, agreement in principle, agreement, arrangement or undertaking related to any Acquisition Proposal; (e)&nbsp;not provide any information relating to Rainy River to any person or group in connection with any Acquisition Proposal; (f)&nbsp;not option, sell, transfer, pledge, encumber, grant a security interest in, hypothecate or otherwise convey or enter into any forward sale, repurchase agreement or other monetization transaction with respect to any of its Shares, or any right or interest therein (legal or equitable), to or with any person or group or agree to do any of the foregoing; (g)&nbsp;not grant or agree to grant any proxy, power of attorney or other right to vote its Shares, or enter into any voting, voting trust, vote pooling or other agreement with respect to the right to vote, call meetings of securityholders or give consents or approval of any kind with respect to any of its Shares; (h)&nbsp;not requisition or join in any requisition of any meeting of securityholders of Rainy River without the prior written consent of New Gold, or vote or cause to be voted any of its Shares in respect of any proposed action by Rainy River or the Shareholders or affiliates or any other person or group in a manner which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and the Lock-Up Agreements; (i)&nbsp;not do indirectly that which it may not do directly by the terms of these covenants or take any other action of any kind, directly or indirectly, which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer and the other transactions contemplated in the Acquisition Agreement and Lock-Up Agreements; and (k)&nbsp;exercise or surrender any Options held by the Locked-Up Shareholder prior to or as of the Expiry Time so that the Locked-Up Shareholder will hold no Options as of the Expiry&nbsp;Time, in accordance with the terms of the Acquisition Agreement.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition to the foregoing covenants, each Locked-Up Shareholder has agreed that it will promptly notify New Gold of any proposal, inquiry, offer or request relating to, or of discussions or negotiations in respect of, an Acquisition Proposal or potential Acquisition Proposal or any proposal, inquiry, offer or request or discussions or negotiations that could reasonably lead or be expected to lead to an Acquisition Proposal of which the Locked-Up Shareholder becomes, directly or indirectly, aware. Such notification shall be made first orally and then in writing and shall include a description of the material terms and conditions together with a copy of all documentation relating to any such proposal, inquiry, offer or request or discussions or negotiations in the Locked-Up Shareholder&#146;s possession.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">However, nothing contained in any Lock-Up Agreement shall prevent a Locked-Up Shareholder who is a member of the Rainy River Board or is a senior officer of Rainy River from engaging in discussions or negotiations with or furnishing information to, in such Locked-Up Shareholder&#146;s capacity as a director or senior officer of Rainy River, any person in response to an unsolicited <i>bona&nbsp;fide</i> Acquisition Proposal made in writing to the Rainy River Board (which Acquisition Proposal does not result from a breach of the Lock-Up Agreements or the Acquisition Agreement) in circumstances where Rainy River is permitted by the Acquisition Agreement to engage in such discussions or negotiations or furnish such information. Additionally, nothing contained in any Lock-Up Agreement shall limit any Locked-Up Shareholder from fulfilling his or her fiduciary duties as a director or officer of Rainy River, provided, however, that any such exercise of fiduciary duties by such Locked-Up Shareholder shall not in any way diminish his or her obligations as a Locked-Up Shareholder under the relevant Lock-Up Agreement.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Representations and Warranties of the Locked-Up Shareholders</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Lock-Up Agreements contain customary representations and warranties of the Locked-Up Shareholders including, among other things, representations and warranties as to: (a)&nbsp;each Locked-Up Shareholder&#146;s sole beneficial ownership of the applicable Shares, with good and marketable title thereto, free and clear of any restrictions or encumbrances, at the time at which New Gold takes up and pays for such Shares; (b)&nbsp;each Locked-Up Shareholder&#146;s sole right to sell and vote the applicable Shares; (c)&nbsp;the due execution and delivery of the relevant Lock-Up Agreement by each Locked-Up Shareholder and the enforceability of such Lock-Up Agreement against such Locked-Up Shareholder; and (d)&nbsp;the </font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">51<a name="PB_51_080734_2897"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='51',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-13.htm',USER='106406',CD='Jun 18 07:06 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">absence of legal proceedings against each Locked-Up Shareholder that would adversely affect in any manner the title of such Locked-Up Shareholder to any of the applicable Shares.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Representations and Warranties of New Gold</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Lock-Up Agreements also contain customary representations and warranties of New Gold including, among other things, representations and warranties as to: (a)&nbsp;the valid existence and corporate power and authority of New Gold; (b)&nbsp;the due execution and delivery of the relevant Lock-Up Agreement by New Gold and the enforceability of such Lock-Up Agreement against New Gold; and (c)&nbsp;the New Gold Shares to be issued pursuant to the Offer, when issued pursuant to the Offer, being duly and validly issued as fully paid and non-assessable shares of New Gold and New Gold having sufficient funds available to pay the Maximum Cash Consideration payable by New Gold pursuant to the Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Termination of the Lock-Up Agreements</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Lock-Up Agreements may be terminated by written agreement of New Gold and the relevant Locked-Up Shareholder. Each Lock-Up Agreement may also be terminated by New Gold, subject to certain conditions, upon notice if: (a)&nbsp;the Acquisition Agreement has been terminated in accordance with its terms; (b)&nbsp;the relevant Locked-Up Shareholder has not complied in all material respects with its covenants to New Gold contained in the Lock-Up Agreement; (c)&nbsp;any representation or warranty of the relevant Locked-Up Shareholder contained in the Lock-Up Agreement is, or becomes at any time prior to the Expiry Time, untrue or incorrect in any material respect; or (d)&nbsp;any of the conditions to the Offer is not satisfied or waived by New Gold at or prior to the Expiry&nbsp;Time.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each Lock-Up Agreement may be terminated by the relevant Locked-Up Shareholder, subject to certain conditions, upon notice if: (a)&nbsp;New Gold has not made the Offer within the time periods provided for in the Acquisition Agreement; (b)&nbsp;the Offer has expired or has been withdrawn in accordance with its terms without New Gold having purchased any Shares pursuant to the Offer; (c)&nbsp;any representation or warranty of New Gold contained in the Lock-Up Agreement is untrue or incorrect in any material respect and, in each case, such non-compliance or inaccuracy would reasonably be expected to prevent the completion of the Offer and is not curable or, if curable, is not cured by the earlier of the date that is five business days after the date of written notice of such breach and the business day prior to the Expiry Time; or (d)&nbsp;the Acquisition Agreement has been terminated in accordance with its&nbsp;terms.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any such termination shall not prejudice the rights of a party as a result of any breach by the other party of its obligations under a Lock-Up Agreement . Upon termination of a Lock-Up Agreement, the relevant Locked-Up Shareholder will be entitled to withdraw any of its Deposited Shares tendered under the Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">8.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Source of Funds</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Offer is not subject to any financing condition. The maximum amount of cash payable by New Gold under the Offer is approximately $198 million. New Gold intends, as of the date of the Offer, to fund all cash payable under the Offer and all fees, costs and expenses incurred by New Gold pursuant to the acquisition of Rainy River, through cash resources currently on&nbsp;hand.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">9.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Acquisition of Shares Not Deposited</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If New Gold takes up and pays for Shares deposited under the Offer, New Gold&#146;s current intention is that it will pursue a Compulsory Acquisition or a Subsequent Acquisition Transaction to enable New Gold or an affiliate of New Gold to acquire all Shares not deposited under the Offer, as more particularly described below.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Compulsory Acquisition</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If, within four months after the date of the Offer, the Offer has been accepted by Shareholders holding at least 90% of the issued and outstanding Shares, New Gold has agreed with Rainy River in the Acquisition Agreement that, to the extent possible, it will acquire the Shares not tendered to the Offer under the provisions of Section&nbsp;300 of the BCBCA and otherwise in accordance with applicable Laws (a&nbsp;&#147;<b>Compulsory Acquisition</b>&#148;). If a Compulsory Acquisition is not available or will not result in New Gold acquiring all Shares issuable on exercise, exchange or conversion of all Options and Warrants, New Gold will use its commercially reasonable best efforts to acquire the remaining Shares not tendered to the Offer as soon as possible, including by way of a Subsequent Acquisition Transaction for consideration at least equivalent in value to the consideration paid pursuant to the&nbsp;Offer.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">52<a name="PB_52_080741_3020"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='52',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-13.htm',USER='106406',CD='Jun 18 07:06 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To exercise its statutory right of Compulsory Acquisition, New Gold must give written notice (the&nbsp;&#147;<b>Offeror&#146;s Notice</b>&#148;) to each holder of Shares to whom the Offer was made but who did not accept the Offer (and&nbsp;each person who subsequently acquires any such Shares) (in&nbsp;each case, a &#147;<b>Dissenting Offeree</b>&#148;) within five months after the date of the Offer of such proposed acquisition. If the Offeror&#146;s Notice is sent to a Dissenting Offeree under Subsection&nbsp;300(3)&nbsp;of the BCBCA, New Gold is entitled and bound to acquire all of the Shares of that Dissenting Offeree for the same price and on the same terms contained in the Offer, unless the Supreme Court of British Columbia (the&nbsp;&#147;<b>Court</b>&#148;) orders otherwise on an application made by that Dissenting Offeree within two months after the date of the Offeror&#146;s Notice. Pursuant to any such application, the Court may fix the price and terms of payment for the Shares held by a Dissenting Offeree and make any such consequential orders and give any such directions as the Court considers appropriate. Unless the Court orders otherwise (or, if an application to the Court has been made pursuant to the provisions described in the immediately preceding sentence, at any time after that application has been disposed of) New Gold must, not earlier than two months after the date of the Offeror&#146;s Notice, send a copy of the Offeror&#146;s Notice to Rainy River and pay or transfer to Rainy River the consideration representing the price payable by New Gold for the Shares that are referred to in the Offeror&#146;s Notice. On receiving a copy of the Offeror&#146;s Notice and the consideration representing the price payable for the Shares referred to in the Offeror&#146;s Notice, Rainy River will be required to register New Gold as a Shareholder with respect to those Shares. Any such amount received by Rainy River must be paid into a separate account at a savings institution and, together with any other consideration so received, must be held by Rainy River, or by a trustee approved by the Court, in trust for the Dissenting Offerees.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The foregoing is only a summary of the statutory right of Compulsory Acquisition that may become available to New Gold. The summary is not intended to be complete nor is it meant to be a substitute for the more detailed information contained in the provisions of Section&nbsp;300 of the BCBCA. Shareholders should refer to Section&nbsp;300 of the BCBCA for the full text of the relevant statutory provisions. The provisions of Section&nbsp;300 of the BCBCA are complex and require strict adherence to notice and timing provisions, failing which the rights under such provisions may be lost or altered. Shareholders who wish to be better informed about the provisions of Section&nbsp;300 of the BCBCA should consult their legal&nbsp;advisors.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The income tax consequences to a Shareholder of a Compulsory Acquisition may differ from the income tax consequences to such Shareholder having its Shares acquired pursuant to the Offer. See Section&nbsp;19 of the Circular, &#147;Certain Canadian Federal Income Tax Considerations&#148;, and Section&nbsp;20 of the Circular, &#147;Certain United&nbsp;States Federal Income Tax Considerations&nbsp;&#151; Disposition of Shares and SRP Rights &#151; Disposition of Shares and SRP Rights Pursuant to a Compulsory Acquisition&#148;. Shareholders should consult their legal advisors for a determination of their legal rights with respect to a Compulsory Acquisition if proposed.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Compelled Acquisition</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;300 of the BCBCA provides that if New Gold has not sent the Offeror&#146;s Notice to each Dissenting Offeree within one month after becoming entitled to do so, New Gold must send a written notice to each Dissenting Offeree stating that such Dissenting Offeree, within three months after receiving such notice, may require New Gold to acquire the Shares held by such Dissenting Offeree. If a Dissenting Offeree requires New Gold to acquire its Shares in accordance with these provisions, New Gold must acquire those Shares for the same price and on the same terms contained in the Offer (a&nbsp;&#147;<b>Compelled Acquisition</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The foregoing is only a summary of the statutory right of Compelled Acquisition that may become available to a Shareholder. The summary is not intended to be complete nor is it meant to be a substitute for the more detailed information contained in the provisions of Section&nbsp;300 of the BCBCA. Shareholders should refer to Section&nbsp;300 of the BCBCA for the full text of the relevant statutory provisions. The provisions of Section&nbsp;300 of the BCBCA are complex and require strict adherence to notice and timing provisions, failing which the rights under such provisions may be lost or altered. Shareholders who wish to be better informed about the provisions of Section&nbsp;300 of the BCBCA should consult their legal&nbsp;advisors.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The income tax consequences to a Shareholder of a Compelled Acquisition may differ from the income tax consequences to such Shareholder having its Shares acquired pursuant to the Offer. See Section&nbsp;19 of the Circular, &#147;Certain Canadian Federal Income Tax Considerations&#148;, and Section&nbsp;20 of the Circular, &#147;Certain United&nbsp;States Federal Income Tax Considerations&nbsp;&#151; Disposition of Shares&nbsp;and SRP Rights &#151; Disposition of Shares and SRP Rights Pursuant to a Compelled Acquisition&#148;. Shareholders should consult their legal advisors for a determination of their legal rights with respect to a Compelled Acquisition if proposed.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">53<a name="PB_53_080746_7748"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='53',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-13.htm',USER='106406',CD='Jun 18 07:06 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Subsequent Acquisition Transaction</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If New Gold takes up and pays for Shares validly deposited under the Offer and the right of Compulsory Acquisition is not available to New Gold for any reason or will not result in New Gold acquiring all Shares issuable on exercise, exchange or conversion of all Options and Warrants, New Gold currently intends to take such action as is necessary or advisable to acquire or cause the exchange or redemption of all Shares not acquired under the Offer, including all Shares issued upon the exercise, exchange or conversion of Options or Warrants. Such action may include causing a special meeting of Shareholders to be called to consider an arrangement, amalgamation, merger, reorganization, consolidation, recapitalization or similar transaction involving Rainy River and New Gold and/or an affiliate of New Gold for the purpose of enabling New Gold or an affiliate of New Gold to acquire, directly or indirectly, all of the Shares and/or all of the assets of Rainy River (a&nbsp;&#147;<b>Subsequent Acquisition Transaction</b>&#148;). Under such a Subsequent Acquisition Transaction, Rainy River may continue as a separate subsidiary of New Gold following the completion of any such transaction. The timing and details of any such transaction will depend on a number of factors, including the number of Shares acquired pursuant to the Offer. If New Gold takes up and pays for such number of Shares which constitutes at least 66</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">2</font><font size="2" style="font-size:10.0pt;">/</font><font size="1" style="font-size:6.5pt;position:relative;top:1.0pt;">3</font><font size="2" style="font-size:10.0pt;">% of the outstanding Shares (on&nbsp;a fully-diluted basis) under the Offer, New Gold will own sufficient Shares to effect a Subsequent Acquisition Transaction. Although New Gold&#146;s current intention is to effect a Subsequent Acquisition Transaction, New Gold reserves the right, in its sole discretion, not to complete a Subsequent Acquisition Transaction.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rainy River has agreed that, in the event New Gold takes up and pays for Shares tendered under the Offer representing at least 66</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">2</font><font size="2" style="font-size:10.0pt;">/</font><font size="1" style="font-size:6.5pt;position:relative;top:1.0pt;">3</font><font size="2" style="font-size:10.0pt;">% of the outstanding Shares (calculated on a fully-diluted basis as at the Expiry Time), it will assist New Gold in connection with any Subsequent Acquisition Transaction to acquire the remaining Shares, provided that the consideration offered in connection with the Subsequent Acquisition Transaction is at least equivalent in value to the consideration offered under the&nbsp;Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">MI&nbsp;61-101&nbsp;may deem a Subsequent Acquisition Transaction to be a &#147;business combination&#148; if such Subsequent Acquisition Transaction would result in the interest of a Shareholder being terminated without the consent of the Shareholder, irrespective of the nature of the consideration provided in substitution therefor. New Gold expects that any Subsequent Acquisition Transaction relating to Shares will be a &#147;business combination&#148; under MI 61-101. In certain circumstances, the provisions of MI&nbsp;61-101 may also deem certain types of Subsequent Acquisition Transactions to be &#147;related party transactions&#148;. However, if the Subsequent Acquisition Transaction is a &#147;business combination&#148; carried out in accordance with MI&nbsp;61-101 or an exemption therefrom, the &#147;related party transaction&#148; provisions therein do not apply to such transaction. New Gold intends to carry out any such Subsequent Acquisition Transaction in accordance with MI&nbsp;61-101, or any successor provisions, or exemptions therefrom, such that the &#147;related party transaction&#148; provisions of MI&nbsp;61-101&nbsp;will not apply to such Subsequent Acquisition Transaction.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">MI&nbsp;61-101&nbsp;provides that, unless exempted, an issuer proposing to carry out a business combination is required to obtain a valuation of the affected securities (and, subject to certain exceptions, any non-cash consideration being offered therefor) and, among other things, include a summary of such valuation in the disclosure document for the Subsequent Acquisition Transaction unless the valuation is included in its entirety in the disclosure document. New Gold currently intends to rely on available exemptions (or, if such exemptions are not available, to seek waivers pursuant to MI&nbsp;61-101&nbsp;exempting Rainy River and New Gold or one or more of its affiliates, as appropriate) from the valuation requirements of MI&nbsp;61-101. An exemption is available under MI&nbsp;61-101&nbsp;for certain business combinations completed no later than 120&nbsp;days after the expiry of a take-over bid provided that the consideration under such transaction is at least equal in value to and is in the same form as the consideration that tendering shareholders were entitled to receive in the take-over bid and provided that certain disclosure is provided in the take-over bid disclosure documents (and&nbsp;which disclosure has been provided herein). New Gold currently intends that the consideration per Share offered under any Subsequent Acquisition Transaction proposed by it would be equal in value to and in the same form as the consideration per Share paid to the Shareholders under the Offer (provided that, in calculating the value of the consideration offered in any Subsequent Acquisition Transaction, each New Gold Share shall be deemed to be at least equal in value to each New Gold Share offered under the Offer) and that such Subsequent Acquisition Transaction will be completed no later than 120&nbsp;days after the Expiry Time and, accordingly, New Gold expects to rely on this exemption.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Depending on the nature and terms of the Subsequent Acquisition Transaction, New Gold expects that the provisions of the BCBCA and Rainy River&#146;s constating documents will require the approval of at least 66</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">2</font><font size="2" style="font-size:10.0pt;">/</font><font size="1" style="font-size:6.5pt;position:relative;top:1.0pt;">3</font><font size="2" style="font-size:10.0pt;">% of the votes cast by holders of the outstanding Shares at a meeting duly called and held for the purpose of approving the Subsequent Acquisition Transaction. In addition to any other required security holder approval, in order to complete a business combination, MI 61-101&nbsp;would also require the approval of a majority of the votes cast by &#147;minority&#148; Shareholders to be obtained unless an exemption is available or discretionary relief is granted by applicable securities authorities. If, however, </font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">54<a name="PB_54_080802_141"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='54',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-13.htm',USER='106406',CD='Jun 18 07:06 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">following the Offer, New Gold is the holder of 90% or more of the Shares at the time the Subsequent Acquisition Transaction is agreed to, the requirement for minority approval would not apply to the transaction if an enforceable appraisal remedy or substantially equivalent right is made available to minority Shareholders.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In relation to the Offer and any business combination, the &#147;minority&#148; Shareholders will be, unless an exemption is available or discretionary relief is granted by applicable securities authorities, all Shareholders other than (a)&nbsp;New Gold (other than in respect of Shares acquired pursuant to the Offer, as described below), (b)&nbsp;any &#147;interested party&#148; (within the meaning of MI&nbsp;61-101), (c)&nbsp;any &#147;related party&#148; of an &#147;interested party&#148;, unless the related party meets that description solely in its capacity as a director or senior officer of one or more persons that are neither &#147;interested parties&#148; nor &#147;issuer insiders&#148; (in&nbsp;each case within the meaning of MI&nbsp;61-101) of Rainy River, and (d)&nbsp;any &#147;joint actor&#148; (within the meaning of MI&nbsp;61-101) with any of the foregoing persons. MI&nbsp;61-101&nbsp;also provides that New Gold may treat Shares acquired under the Offer (including those deposited under the terms of the Lock-Up Agreements) as &#147;minority&#148; shares and vote them, or to consider them voted, in favour of such business combination if, among other things: (i)&nbsp;the business combination is completed no later than 120&nbsp;days after the Expiry Time; (ii)&nbsp;the consideration per security paid in the business combination is at least equal in value to and in the same form as the consideration paid under the Offer; (iii)&nbsp;certain disclosure is provided in the Circular (and&nbsp;which disclosure has been provided herein); and (iv)&nbsp;the Shareholder who tendered such Shares to the Offer was not (A)&nbsp;a &#147;joint actor&#148; (within the meaning of MI&nbsp;61-101) with New Gold in respect of the Offer, (B)&nbsp;a direct or indirect party to any &#147;connected transaction&#148; (within the meaning of MI&nbsp;61-101) to the Offer, or (C)&nbsp;entitled to receive, directly or indirectly, in connection with the Offer, a &#147;collateral benefit&#148; (within the meaning of MI&nbsp;61-101) or consideration per Share that was not identical in amount and form to the entitlement of the general body of holders in Canada of&nbsp;Shares.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">MI&nbsp;61-101&nbsp;excludes from the meaning of &#147;collateral benefit&#148; certain benefits to a related party received solely in connection with the related party&#146;s services as an employee, director or consultant of an issuer where, among other things (a)&nbsp;the benefit is not conferred for the purposes of increasing the value of the consideration paid to the related party for securities relinquished under the transaction or bid; (b)&nbsp;the conferring of the benefit is not, by its terms, conditional on the related party supporting the transaction or bid in any manner; (c)&nbsp;full particulars of the benefit are disclosed in the disclosure document for the transaction or in the directors&#146; circular in the case of a bid (and&nbsp;which disclosure has been provided therein); and (d)&nbsp;the related party and its associated entities beneficially own or exercise control or direction over less than 1% of the outstanding securities of each class of equity securities of the issuer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In addition, MI&nbsp;61-101&nbsp;also excludes from the meaning of &#147;collateral benefit&#148; certain benefits to a related party received solely in connection with the related party&#146;s services as an employee, director or consultant of an issuer where such benefit meets the criteria described in (a)&nbsp;to (c)&nbsp;of the previous paragraph and (i)&nbsp;the related party discloses to an independent committee of the issuer the amount of consideration that the related party expects it will be beneficially entitled to receive, under the terms of the transaction or bid, in exchange for the equity securities beneficially owned by the related party, (ii)&nbsp;the independent committee, acting in good faith, determines that the value of the benefit, net of any offsetting costs to the related party, is less than 5% of the value referred to in clause&nbsp;(i)&nbsp;above, and&nbsp;(iii)&nbsp;the independent committee&#146;s determination is disclosed in the disclosure document for the transaction or in the directors&#146; circular in the case of a bid.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold currently intends: (a)&nbsp;that the consideration offered per Share under any Subsequent Acquisition Transaction proposed by it would be equal in value to and in the same form as the consideration per Share paid to Shareholders under the Offer (provided that, in calculating the value of the consideration offered in any Subsequent Acquisition Transaction, each New Gold Share shall be deemed to be at least equal in value to each New Gold Share offered under the Offer); (b)&nbsp;that such Subsequent Acquisition Transaction will be completed no later than 120&nbsp;days after the Expiry Time; and (c)&nbsp;to cause any Shares acquired under the Offer to be voted in favour of any such transaction and, where permitted by MI&nbsp;61-101, to be counted as part of any minority approval required in connection with any such transaction.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rainy River has advised New Gold that, to the knowledge of Rainy River, after reasonable inquiry, no votes attached to the outstanding Shares would be required to be excluded and, therefore, no &#147;minority&#148; approval for a Subsequent Acquisition Transaction will be required. For further details, see the Directors&#146; Circular.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any such Subsequent Acquisition Transaction may also result in Shareholders having the right to dissent in respect thereof and demand payment of the fair value of their Shares. The exercise of such right of dissent, if certain procedures are complied with by the holder, could lead to a judicial determination of fair value required to be paid to such dissenting Shareholder for its Shares. The fair value so determined could be more or less than the amount paid per Share pursuant to such Subsequent Acquisition Transaction or pursuant to the&nbsp;Offer.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">55<a name="PB_55_080810_7608"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='55',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-13.htm',USER='106406',CD='Jun 18 07:06 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The income tax consequences to a Shareholder of a Subsequent Acquisition Transaction may differ from the income tax consequences to such Shareholder having its Shares acquired pursuant to the Offer. See Section&nbsp;19 of the Circular, &#147;Certain Canadian Federal Income Tax Considerations&#148;, and Section&nbsp;20 of the Circular, &#147;Certain United&nbsp;States Federal Income Tax Considerations&nbsp;&#151; Disposition of Shares&nbsp;and SRP Rights &#151; Disposition of Shares and SRP Rights Pursuant to a Subsequent Acquisition Transaction&#148;. Shareholders should consult their legal advisors for a determination of their legal rights with respect to a Subsequent Acquisition Transaction if&nbsp;proposed.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Other Alternatives</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If New Gold is unable to, or elects not to, effect a Compulsory Acquisition or propose a Subsequent Acquisition Transaction, or proposes a Subsequent Acquisition Transaction but cannot obtain any required approvals or exemptions promptly, New Gold will evaluate other available alternatives. Such alternatives could include, to the extent permitted by applicable Laws, taking no further action, purchasing additional Shares in the open market, in privately negotiated transactions, in another take-over bid or exchange offer or otherwise, as applicable, or acquiring the assets of Rainy River by way of an arrangement, amalgamation, reorganization, redemption, asset sale or other transaction between New Gold and/or one or more of its affiliates. Subject to applicable Laws, any additional purchases of Shares could be at a price greater than, equal to or less than the price to be paid for Shares under the Offer and could be for cash, securities and/or other consideration. Alternatively, New Gold may take no action to acquire additional Shares or, subject to applicable Laws, may sell or otherwise dispose of any or all Shares acquired under the Offer or otherwise. Such transactions may be effected on terms and at prices then determined by New Gold, which may vary from the terms and the price paid for Shares under the&nbsp;Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Legal and Judicial Developments</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On February&nbsp;1, 2008, MI&nbsp;61-101&nbsp;came into force in the provinces of Ontario and Qu&#233;bec, introducing harmonized requirements for enhanced disclosure, independent valuations and majority of minority security holder approval for specified types of transactions. See &#147;&#151;&nbsp;Subsequent Acquisition Transaction&#148; above.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Certain judicial decisions may also be considered relevant to any Subsequent Acquisition Transaction that may be proposed or effected subsequent to the expiry of the Offer. Canadian courts have, in a few instances prior to the adoption of MI&nbsp;61-101 and its predecessors, granted preliminary injunctions to prohibit transactions involving certain business combinations. The current trends in both legislation and Canadian jurisprudence indicate a willingness to permit business combinations to proceed, subject to evidence of procedural and substantive fairness in the treatment of minority shareholders.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders should consult their legal advisors for a determination of their legal rights with respect to any transaction that may constitute a business combination.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">10.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Acceptance of the Offer</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold has no knowledge regarding whether any Shareholder will accept the Offer, other than the Locked-Up Shareholders, each of which has agreed to accept the Offer, subject to certain exceptions, pursuant to the Lock-Up Agreements. See Section&nbsp;7 of the Circular, &#147;Lock-Up Agreements&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">11.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Ownership of and Trading in Securities of Rainy River</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No Shares, Options or Warrants are beneficially owned, nor is control or direction exercised over any of such securities, by New Gold or its directors or officers, other than by Raymond Threlkeld, who is a director of New Gold as well as a director and the President and Chief Executive Officer of Rainy River and who beneficially owns 56,314 Shares and 1,500,000 Options (of which 500,000 are in-the-money), representing approximately 0.5% of the outstanding Shares on a fully-diluted basis as at June&nbsp;14, 2013. To the knowledge of New Gold, after reasonable enquiry, no Shares, Options or Warrants are beneficially owned, nor is control or direction exercised over any of such securities, by any associate or affiliate of an insider of New Gold, any insider of New Gold other than a director or officer of New Gold, or any person acting jointly or in concert with New Gold, other than by Van Eck Associates Corporation, an investment manager and an insider of New Gold, who, according to its alternative monthly report filed on SEDAR on June&nbsp;10, 2013, exercises control or direction over 10,195,389 Shares as of May&nbsp;31, 2013.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To the knowledge of New Gold, after reasonable enquiry, none of New Gold or its directors or officers, any associate or affiliate of an insider of New Gold, any insider of New Gold other than a director or officer of New Gold, or any </font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">56<a name="PB_56_080822_8146"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='56',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-13.htm',USER='106406',CD='Jun 18 07:06 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">person acting jointly or in concert with New Gold, purchased or sold any securities of Rainy River during the six-month period preceding the date of the&nbsp;Offer, other than Raymond Threlkeld, who acquired 1,748 Shares in January&nbsp;2013 and 3,114 Shares in April&nbsp;2013 through the Employee Share Purchase Plan, and Van Eck Associates Corporation, who, according to its alternative monthly reports filed on SEDAR on December&nbsp;10, 2012, April&nbsp;5, 2013, May&nbsp;10, 2013 and June&nbsp;10, 2013, increased its holding of Shares by 920,049 Shares in the period from and including December&nbsp;2012 to and including March&nbsp;2013, decreased its holding of Shares by 140,306 Shares in April&nbsp;2013 and increased its holding of Shares by 250,474 Shares in May&nbsp;2013.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">12.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Commitments to Acquire Securities of Rainy River</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">None of New Gold or, to the knowledge of New Gold, after reasonable enquiry, any director or officer of New Gold, any associate or affiliate of an insider of New Gold, any insider of New Gold other than a director or officer of New Gold, or any person acting jointly or in concert with New Gold, has entered into any agreements, commitments or understandings to acquire any securities of Rainy River, except for the agreements made by New Gold pursuant to the Acquisition Agreement and the Lock-Up Agreements. See Section&nbsp;4 of the Circular, &#147;Background to the Offer&#148;, Section&nbsp;6 of the Circular, &#147;Acquisition Agreement&#148;, and Section&nbsp;7 of the Circular, &#147;Lock-Up Agreements&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">13.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Other Material Facts</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold has no knowledge of any material fact concerning the securities of Rainy River that has not been generally disclosed by Rainy River, or any other matter that is not disclosed in the Circular and that has not previously been generally disclosed, and that would reasonably be expected to affect the decision of Shareholders to accept or reject the&nbsp;Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">14.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Agreements, Arrangements or Understandings</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Other than the Lock-Up Agreements described in Section&nbsp;7 of the Circular, &#147;Lock-Up Agreements&#148;, there are (a)&nbsp;no agreements, commitments or understandings made or proposed to be made between New Gold and any director or officer of Rainy River, including for any payment or other benefit proposed to be made or given by New Gold to such directors or officers as compensation for loss of office or for remaining in or retiring from office following the completion of the Offer, and (b)&nbsp;no agreements, commitments or understandings made or proposed to be made between New Gold and any Shareholder relating to the Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Other than the Acquisition Agreement and the Confidentiality Agreements, there are no agreements, commitments or understandings made between New Gold and Rainy River relating to the Offer and, other than the Shareholder Rights Plan, New Gold is not aware of any other agreement, commitment or understanding that could affect control of Rainy River that New Gold has access to and that can reasonably be regarded as material to a Shareholder in deciding whether to deposit Shares under the Offer. See Section&nbsp;4 of the Circular, &#147;Background to the Offer&#148;, Section&nbsp;6 of the Circular, &#147;Acquisition Agreement&#148;, and Section&nbsp;21 of the Circular, &#147;Shareholder Rights Plan&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For information on agreements, commitments or understandings made or proposed to be made between Rainy River and any director or officer of Rainy River, see the Directors&#146; Circular.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To the knowledge of New Gold, other than as disclosed in this Section&nbsp;14, there are no direct or indirect benefits of accepting or rejecting the Offer that will accrue to any insider of New Gold or, to the knowledge of New Gold, after reasonable enquiry, any director or officer of Rainy River, any associate or affiliate of an insider of Rainy River, any associate or affiliate of Rainy River or any person or company acting jointly or in concert with Rainy River, other than those benefits that will accrue to Shareholders generally.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">15.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Effect of the Offer on the Market for and Listing of Shares and Status as a Reporting Issuer</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The purchase of Shares by New Gold under the Offer will reduce the number of Shares that might otherwise trade publicly and will reduce the number of Shareholders and, depending on the number of Shares acquired by New Gold, could materially adversely affect the liquidity and market value of any remaining Shares held by the&nbsp;public.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The rules&nbsp;and regulations of the TSX establish certain criteria which, if not met, could, upon the successful completion of the Offer, lead to the delisting of the Shares from the TSX. Among such criteria are the number of public Shareholders, the number of Shares publicly held and the aggregate market value and trading volume of the Shares publicly held. Depending on the number of Shares purchased under the Offer, it is possible that the Shares would fail to meet the</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">57<a name="PB_57_080829_7091"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='57',FILE='C:\JMS\106406\13-14720-1\task6100619\14720-1-ka-13.htm',USER='106406',CD='Jun 18 07:06 2013' -->


<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">criteria for continued listing on the TSX. If this were to happen, the Shares could be delisted and this could, in turn, adversely affect the market or result in a lack of an established market for the Shares. If the Shares are delisted from the TSX, the extent of the public market for the Shares and the availability of price or other quotations would depend upon the number of Shareholders, the number of Shares publicly held and the aggregate market value of the Shares publicly held at such time, the interest in maintaining a market in Shares on the part of securities firms, whether Rainy River remains subject to public reporting requirements in Canada and other factors. Even if the Shares would not be delisted by virtue of failing to meet the criteria for continued listing on the TSX, New Gold intends, to the extent permitted by applicable Laws, to cause Rainy River to apply to voluntarily delist the Shares from the TSX as soon as practicable after completion of the Offer and, if applicable, any Compulsory Acquisition or Subsequent Acquisition Transaction. There is, however, no assurance that any such transaction will be&nbsp;completed.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If permitted by applicable Laws, subsequent to the completion of the Offer and any Compulsory Acquisition or Subsequent Acquisition Transaction, New Gold intends to cause Rainy River to cease to be a reporting issuer under the securities laws of each jurisdiction of Canada where it is currently a reporting issuer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">16.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Certain Information Concerning Securities of New Gold</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Authorized and Outstanding Share Capital</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The authorized capital of New Gold consists of an unlimited number of New Gold Shares without par value, of which 477,047,422 were issued and outstanding as of June&nbsp;14, 2013. Holders of New Gold Shares are entitled to receive notice of any meetings of shareholders of New Gold and to attend and to cast one vote per New Gold Share at all such meetings. Holders of New Gold Shares do not have cumulative voting rights with respect to the election of directors and, accordingly, holders of a majority of the New Gold Shares entitled to vote in any election of directors may elect all directors standing for election.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Holders of New Gold Shares are entitled to receive on a <i>pro-rata</i> basis such dividends, if any, as and when declared by New Gold&#146;s board of directors at its discretion from funds legally available therefor and, on the liquidation, dissolution or winding up of New Gold, are entitled to receive on a <i>pro-rata</i> basis the net assets of New Gold after payment of debts and other liabilities, in each case subject to the rights, privileges, restrictions and conditions attaching to any other series or class of shares ranking senior in priority to or on a <i>pro-rata</i> basis with the holders of New Gold Shares with respect to dividends or liquidation. The New Gold Shares do not carry any pre-emptive, subscription, redemption or conversion rights.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As of June&nbsp;14, 2013, New Gold had 11,495,204 options outstanding under its share option plan, exercisable for 11,495,204 New Gold Shares. In addition, New Gold had 27,849,865 Series&nbsp;A Warrants (the &#147;<b>New Gold Series&nbsp;A Warrants</b>&#148;) outstanding, exercisable for 27,849,865 New Gold Shares.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Dividends</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To date, New Gold has not paid dividends on its shares. New Gold currently intends to retain future earnings, if any, for use in its business and does not currently anticipate paying dividends on its shares. Any determination to pay any future dividends will remain at the discretion of New Gold&#146;s board of directors and will be made taking into account its financial condition and other factors deemed relevant by the board.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Consolidated Capitalization</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">There have not been any material changes in the share or loan capital, on a consolidated basis, of New Gold since March&nbsp;31, 2013, the date of New Gold&#146;s most recently filed unaudited interim condensed consolidated financial statements. The following table sets forth New Gold&#146;s consolidated capitalization as at March&nbsp;31, 2013, adjusted to give effect to the Offer.&#160; The table should be read in conjunction with the unaudited interim condensed consolidated financial statements of New Gold for the quarter ended March&nbsp;31, 2013, including the notes thereto, and management&#146;s discussion and analysis thereof and the other financial information contained in or incorporated by reference in the Offer and Circular.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">58<a name="PB_58_080919_455"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='58',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-15.htm',USER='105933',CD='Jun 18 07:02 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="86%" style="border-collapse:collapse;width:86.66%;">
<tr>
<td width="49%" valign="bottom" style="padding:0in 0in 0in 0in;width:49.8%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="20%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:20.76%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">As&nbsp;at&nbsp;March&nbsp;31,&nbsp;2013</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="20%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:20.76%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">As&nbsp;at&nbsp;March&nbsp;31,&nbsp;2013</font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;"><br>    </font></b><b><font size="1" style="font-size:8.0pt;font-weight:bold;">after&nbsp;giving&nbsp;effect&nbsp;to&nbsp;the<br>   Offer</font></b><b><font size="1" style="font-size:5.0pt;font-weight:bold;position:relative;top:-2.0pt;">(1)(2)(3)(4)(5)</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="49%" valign="bottom" style="padding:0in 0in 0in 0in;width:49.8%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="44%" colspan="5" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:44.42%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">(all&nbsp;dollar&nbsp;amounts&nbsp;in&nbsp;millions&nbsp;of&nbsp;U.S.&nbsp;dollars)</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="49%" valign="bottom" style="padding:0in 0in 0in 0in;width:49.8%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="20%" colspan="2" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:20.76%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="20%" colspan="2" valign="bottom" style="padding:0in 0in 0in 0in;width:20.76%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:49.8%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Common shares </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="19%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:19.28%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,624.1</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="19%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:19.28%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2858.8</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:6.5pt;position:relative;top:-3.0pt;">(6)</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.8%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Contributed surplus </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="19%" valign="bottom" style="padding:0in 0in 0in 0in;width:19.28%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">85.3</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="19%" valign="bottom" style="padding:0in 0in 0in 0in;width:19.28%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">85.3</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:49.8%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Retained earnings </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="19%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:19.28%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">59.7</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="19%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:19.28%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">59.7</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.8%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Long-term debt </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="19%" valign="bottom" style="padding:0in 0in 0in 0in;width:19.28%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">854.3</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="19%" valign="bottom" style="padding:0in 0in 0in 0in;width:19.28%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">854.3</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:49.8%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Total capitalization </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="19%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:19.28%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,623.4</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="19%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:19.28%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,858.1</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div>
<div style="margin:0in 0in .0001pt;"><hr size="1" width="25%" noshade color="black" align="left"></div>
</div>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Amounts have been determined assuming that all Shares (on a fully-diluted basis) are deposited under the Offer and that therefore New Gold will respectively pay and issue the Maximum Cash Consideration and the Maximum Share Consideration pursuant to the Offer.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Before deducting expenses of the Offer.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">See Section&nbsp;8 of the Circular, &#147;Source of Funds.&#148;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(4)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Where applicable, amounts in Canadian dollars have been converted to U.S. dollars using the March&nbsp;28, 2013 Bank of Canada noon rate of exchange for U.S. dollars, which was C$1.00 = US$0.9846.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(5)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Rainy River amounts incorporated are as at March&nbsp;31, 2013, the date of Rainy River&#146;s most recently filed condensed consolidated financial statements.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-35.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(6)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Dollar amount of the Maximum Share Consideration assumed to be issued pursuant to the Offer has been calculated using the March&nbsp;28, 2013 closing price of the New Gold Shares on the TSX, which was $9.24.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Price Range and Trading Volume of the New Gold Shares</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The New Gold Shares are listed on the TSX and the NYSE MKT under the trading symbol &#147;NGD&#148;. On May&nbsp;30, 2013, being the last trading day on the TSX and the NYSE MKT prior to the announcement of New Gold&#146;s intention to make the Offer, the closing price of the New Gold Shares was $7.66 on the TSX and US$7.45 on the NYSE MKT. The following table sets forth, for the periods indicated, the reported high and low daily trading prices and the aggregate volume of trading of New Gold Shares on the TSX:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="61%" valign="bottom" style="padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="35%" colspan="7" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">TSX&nbsp;Trading&nbsp;of<br>   New&nbsp;Gold&nbsp;Shares</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="61%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Period</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">High</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Low</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Volume</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">2012</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" colspan="2" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" colspan="2" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.70</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.29</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">34,268,658</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.58</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.19</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">19,267,429</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">August </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.26</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.63</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">27,824,582</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.50</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.63</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">42,209,412</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.38</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.13</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24,783,162</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.85</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.51</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">35,430,777</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">December </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.16</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.10</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20,029,284</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
</div>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Source: TSX Market Data</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">New Gold Series&nbsp;A Warrants</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The New Gold Series&nbsp;A Warrants are listed on the TSX under the trading symbol &#147;NGD.WT.A&#148;. Each New Gold Series&nbsp;A Warrant entitles the holder thereof to purchase one New Gold Share at an exercise price of $15.00. These warrants expire on June&nbsp;28, 2017. The following table sets forth, for the periods indicated, the reported high and low daily trading prices and the aggregate volume of trading of the New Gold Series&nbsp;A Warrants on the TSX:</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">59<a name="PB_59_081107_4141"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='59',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-15.htm',USER='105933',CD='Jun 18 07:02 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="61%" valign="bottom" style="padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="35%" colspan="7" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:35.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">TSX&nbsp;Trading&nbsp;of<br>   New&nbsp;Gold&nbsp;Series&nbsp;A&nbsp;Warrants</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="61%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Period</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">High</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" colspan="2" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Low</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Volume</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">2012</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" colspan="2" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" colspan="2" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.39</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.92</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">392,509</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.34</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.75</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">459,107</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">August </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.30</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.90</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,127,276</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.85</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.02</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,170,085</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.70</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.14</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">683,306</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.37</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.53</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">967,328</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">December </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.93</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.52</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">943,642</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">2013</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" colspan="2" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" colspan="2" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">January </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.95</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.07</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">622,594</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">February </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.40</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.83</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">610,708</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">March </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.31</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.90</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">354,571</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">April </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.09</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.34</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">891,828</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" style="padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">May </font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.86</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.03</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" style="padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">599,953</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="61%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:61.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;(to June&nbsp;14) </font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.63</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.38</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="10%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:10.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">343,750</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
</div>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Source: TSX Market Data</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Prior Sales</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For the 12-month period prior to the date of the Offer, New Gold has issued or granted New Gold Shares and securities convertible into New Gold Shares as listed in the table below. Other than the issuances listed in the table below, New Gold has not issued any New Gold Shares or securities convertible into New Gold Shares within the 12&nbsp;months preceding the date of the&nbsp;Offer.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="14%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Date&nbsp;of&nbsp;Issuance</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Number&nbsp;of<br>   Securities&nbsp;Issued</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Issue/Exercise<br>   Price&nbsp;($)</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="55%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:55.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Reason&nbsp;for&nbsp;Issuance</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;14, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7,000</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.30</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;15, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6,000</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="5%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">US$</font></p>    </td>
<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.34</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="bottom" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Western Goldfields Inc.</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;15, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5,000</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.67</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;15, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">68,000</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.21</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="bottom" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;15, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16,667</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.92</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;22, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5,000</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="5%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">US$</font></p>    </td>
<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.28</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="bottom" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Western Goldfields Inc.</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;28, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">55,000</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.84</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of New Gold</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July&nbsp;5, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15,750</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.61</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="bottom" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of New Gold Canada Inc. (formerly   Metallica Resources Inc.)</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">August&nbsp;9, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6,930</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.60</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued warrants of Silver Quest Resources Ltd.</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">August&nbsp;10, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">270,300</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.34</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="bottom" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issuance   of options of New Gold</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">August&nbsp;13, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6,666</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.71</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">August&nbsp;13, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,666</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.67</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="bottom" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">August&nbsp;13, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10,000</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.39</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">August&nbsp;13, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">34,450</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.84</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="bottom" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">August&nbsp;13, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">28,000</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.93</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">August&nbsp;20, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13,534</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.60</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="bottom" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued warrants of Silver Quest Resources Ltd.</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">August&nbsp;22, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7,200</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.30</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">August&nbsp;23, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9,180</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.60</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="bottom" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued warrants of Silver Quest Resources Ltd.</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">August&nbsp;27, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,461</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.60</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued warrants of Silver Quest Resources Ltd.</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">August&nbsp;28, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6,666</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.71</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="bottom" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">August&nbsp;28, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,666</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.67</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">August&nbsp;28, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10,000</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.39</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="bottom" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr height="0">
<td width="108" style="border:none;"></td>
<td width="19" style="border:none;"></td>
<td width="90" style="border:none;"></td>
<td width="19" style="border:none;"></td>
<td width="10" style="border:none;"></td>
<td width="28" style="border:none;"></td>
<td width="37" style="border:none;"></td>
<td width="19" style="border:none;"></td>
<td width="411" style="border:none;"></td>
<td width="7" style="border:none;"></td>   </tr> </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">60<a name="PB_60_081328_8627"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='60',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-15.htm',USER='105933',CD='Jun 18 07:02 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="14%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Date&nbsp;of&nbsp;Issuance</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Number&nbsp;of<br>   Securities&nbsp;Issued</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Issue/Exercise<br>   Price&nbsp;($)</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="55%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:55.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Reason&nbsp;for&nbsp;Issuance</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;4, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,000</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.30</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;4, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16,666</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.39</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;6, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14,666</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.71</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;7, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,000</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.30</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;7, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6,666</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.67</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;11, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">600</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.30</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;12, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">100,000</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.71</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;12, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6,633</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.67</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;12, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">26,667</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.39</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;12, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">68,000</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.84</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;12, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">68,000</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.21</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;14, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5,400</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.30</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;19, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14,400</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.30</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;19, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6,666</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.71</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;19, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10,000</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.39</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;19, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,666</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.67</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;20, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6,667</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.71</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;20, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10,000</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.39</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;20, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,667</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.67</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;21, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18,334</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.70</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;21, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,500</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.71</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">September&nbsp;26, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,000</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.37</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;2, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">60,000</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.00</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Western Goldfields Inc.</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;3, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">50,000</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.84</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;11, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,800</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.30</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;11, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4,171</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="5%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">US$</font></p>    </td>
<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.34</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Western Goldfields Inc.</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;12, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">100</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.00</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued warrants of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;15, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">500</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.00</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued warrants of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;16, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">850</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.00</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued warrants of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;22, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">195,720</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.35</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon conversion of New Gold 5% subordinated convertible debentures</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">October&nbsp;24, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4,000</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.30</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November&nbsp;16, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4,400</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.30</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November&nbsp;19, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5,608,342</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.35</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon conversion of New Gold 5% subordinated convertible debentures</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November&nbsp;19, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">67,590</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.83</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon redemption of New Gold 5% subordinated convertible debentures</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November&nbsp;28, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">50,000</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="5%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:5.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">US$</font></p>    </td>
<td width="5%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:5.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.75</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Western Goldfields Inc.</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November&nbsp;28, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7,372,933</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.00</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued warrants of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">November&nbsp;28, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">30,000</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.22</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issuance   of options of New Gold</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">December&nbsp;5, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10,020</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.59</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of New Gold Canada Inc. (formerly   Metallica Resources Inc.)</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">December&nbsp;10, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16,667</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.92</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">December&nbsp;17, 2012</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">600</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.30</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">December&nbsp;24, 2012</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4,200</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.30</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">January&nbsp;4, 2013</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14,400</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.30</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">January&nbsp;7, 2013</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">34,340</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.92</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued warrants of Silver Quest Resources Ltd.</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">January&nbsp;11, 2013</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4,905</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.92</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued warrants of Silver Quest Resources Ltd.</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">January&nbsp;14, 2013</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2,400</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.30</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">January&nbsp;17, 2013</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8,400</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.30</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">February&nbsp;13, 2013</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,000</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.30</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">February&nbsp;13, 2013</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,356,800</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.01</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issuance   of options of New Gold</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr height="0">
<td width="108" style="border:none;"></td>
<td width="19" style="border:none;"></td>
<td width="90" style="border:none;"></td>
<td width="19" style="border:none;"></td>
<td width="10" style="border:none;"></td>
<td width="28" style="border:none;"></td>
<td width="37" style="border:none;"></td>
<td width="19" style="border:none;"></td>
<td width="411" style="border:none;"></td>
<td width="7" style="border:none;"></td>   </tr> </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">61<a name="PB_61_081416_7906"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='61',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-15.htm',USER='105933',CD='Jun 18 07:02 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="14%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Date&nbsp;of&nbsp;Issuance</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="12%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:12.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Number&nbsp;of<br>   Securities&nbsp;Issued</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="10%" colspan="3" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:10.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Issue/Exercise<br>   Price&nbsp;($)</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="55%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:55.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Reason&nbsp;for&nbsp;Issuance</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">February&nbsp;14, 2013</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5,000</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.30</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">February&nbsp;19, 2013</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10,200</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.30</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">February&nbsp;26, 2013</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,000</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.30</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">February&nbsp;26, 2013</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,600</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.30</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">February&nbsp;27, 2013</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">600</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.30</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">February&nbsp;28, 2013</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6,667</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.39</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">February&nbsp;28, 2013</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">149</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.30</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">February&nbsp;28, 2013</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">300,000</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="5%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">US$</font></p>    </td>
<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.93</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Western Goldfields Inc.</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">February&nbsp;28, 2013</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,651</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.30</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">March&nbsp;1, 2013</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3,000</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.30</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued upon exercise of previously issued   options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">March&nbsp;11, 2013</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">50,000</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="5%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:5.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">US$</font></p>    </td>
<td width="5%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:5.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">0.75</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Western Goldfields Inc.</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">March&nbsp;12, 2013</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8,000</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.35</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of New Gold</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">March&nbsp;13, 2013</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">50,000</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.84</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">March&nbsp;14, 2013</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10,000</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.35</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of New Gold</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">March&nbsp;15, 2013</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7,000</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.35</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of New Gold</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">March&nbsp;20, 2013</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">200,000</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.20</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">March&nbsp;21, 2013</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">28,800</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.71</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">March&nbsp;21, 2013</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">41,000</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.84</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">March&nbsp;22, 2013</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4,200</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.20</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Peak Gold Ltd.</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">March&nbsp;26, 2013</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4,533</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.71</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">March&nbsp;26, 2013</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">26,666</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.67</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">March&nbsp;26, 2013</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">35,000</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.39</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of issued options of New Gold</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">April&nbsp;2, 2013</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">50,000</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.39</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued upon exercise of issued options of New   Gold</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">May&nbsp;9, 2013</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">231,818</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.52</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issuance   of options of New Gold</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">May&nbsp;22, 2013</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">120,000</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.80</font></p>    </td>
<td width="2%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Western Goldfields Inc.</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="14%" valign="top" style="padding:0in 0in 0in 0in;width:14.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">May&nbsp;22, 2013</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10,000</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="top" style="padding:0in 0in 0in 0in;width:1.3%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">$</font></p>    </td>
<td width="8%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:8.7%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.75</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="55%" valign="top" style="padding:0in 0in 0in 0in;width:55.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issued   upon exercise of previously issued options of Western Goldfields Inc.</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr height="0">
<td width="108" style="border:none;"></td>
<td width="19" style="border:none;"></td>
<td width="90" style="border:none;"></td>
<td width="19" style="border:none;"></td>
<td width="10" style="border:none;"></td>
<td width="28" style="border:none;"></td>
<td width="37" style="border:none;"></td>
<td width="19" style="border:none;"></td>
<td width="411" style="border:none;"></td>
<td width="7" style="border:none;"></td>   </tr> </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">17.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Risk Factors</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As Shareholders may acquire New Gold Shares in consideration or partial consideration for the Shares that they deposit under the Offer, Shareholders should carefully consider the risks and uncertainties associated with New Gold and the New Gold Shares set out in this Section&nbsp;17 and&nbsp;those described in the documents that New Gold has filed with Canadian securities regulatory authorities incorporated by reference herein, including New Gold&#146;s Annual Information Form&nbsp;filed on SEDAR on March&nbsp;27, 2013 for the financial year ended December&nbsp;31, 2012. New Gold expects that these risks and uncertainties will also be applicable to New Gold following completion of the Offer. These risks and uncertainties may not be the only risks and uncertainties faced by New Gold or the combined company. Other risks and uncertainties not presently known by New Gold or that New Gold currently believes are not material could also materially and adversely affect New Gold&#146;s or the combined company&#146;s business, results of operations and/or financial condition.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Risks Relating to the Offer</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">The market value of New Gold Shares received by Shareholders under the Offer may vary significantly from the date on which the exchange ratio was&nbsp;fixed.</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Depositing Shareholders who elect the Share Option will receive a number of New Gold Shares under the Offer based on a fixed exchange ratio, rather than New Gold Shares with a specific market value. Even if a depositing Shareholder elects (or&nbsp;is deemed to elect) the Cash Option, the consideration the Shareholder receives for its deposited Shares may include New Gold Shares as a result of pro ration. The number of New Gold Shares to be issued in exchange for each Share will not be adjusted to reflect any changes in the market value of the New Gold Shares. Consequently, the market value of the New Gold Shares issued to Shareholders in connection with the take-up of their Shares under the Offer may vary significantly from the market value for those New Gold Shares on the date of the Offer or on the date on which such Shareholders deposit their Shares under the Offer. If the market price of the New Gold Shares declines, the value of the </font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">62<a name="PB_62_081538_3736"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='62',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-15.htm',USER='105933',CD='Jun 18 07:02 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">consideration received by Shareholders who elect the Share Option will decline as well. For example, during the&nbsp;12-month period ending on May&nbsp;30, 2013 (the&nbsp;most recent trading day prior to the date of the announcement of the Offer), the trading price of the New Gold Shares on the TSX varied from a low of $6.37 to a high of $12.50 and ended that period at $7.66. Conversely, if the market price of the New Gold Shares increases, Shareholders who elect (or&nbsp;are deemed to elect) the Cash Option may, to the extent they receive cash for their deposited Shares, receive consideration with a lower market value than if they had elected the Share Option. Variations in the market price of the New Gold Shares may occur as a result of changes in, or market perceptions of changes in, the business, operations or prospects of New Gold (either alone or combined with Rainy River), including factors that may affect the business, operations or prospects of New Gold or the combined company over which New Gold has no control, as well as general market volatility.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">The value of the cash portion of the Offer will fluctuate for non-Canadian Shareholders.</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All cash payable under the Offer, including the cash consideration under the Cash Option and the cash consideration under the Share Option, will be denominated in Canadian dollars. Currency exchange rates may fluctuate and the prevailing exchange rate on the settlement date may be significantly different from the exchange rate on the date of the Offer or the date on which non-Canadian Shareholders deposited their Shares under the Offer. These changes may significantly affect the value of the cash consideration received for Shares deposited by non-Canadian Shareholders.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">The actual cash and share consideration received by Shareholders will depend on pro&nbsp;ration.</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold is offering to purchase Shares on the basis of, at the election of the Shareholder, $3.83 in cash for each Share or 0.5 of a New Gold Share for each Share. However, the maximum amount of cash payable by New Gold under the Offer is approximately $198 million and the maximum number of New Gold Shares issuable under the Offer is approximately 25.8 million New Gold Shares. Such maximum amounts may be pro rated based on elections made (or&nbsp;deemed to be made) by Shareholders. Consequently, a Cash Electing Shareholder may nonetheless receive New Gold Shares for a portion of the consideration for its Deposited Shares. For the same reason, a Share Electing Shareholder may nonetheless receive cash for a portion of the consideration for its Deposited Shares. See Section&nbsp;1 of the Offer, &#147;The&nbsp;Offer&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">After completion of the Offer, Rainy River would become a majority-owned subsidiary of New Gold and New Gold&#146;s interests could differ from that of other Shareholders.</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the Offer is successful, New Gold will have the authority to determine the directors of Rainy River and its subsidiaries and, as a result, appoint new management for Rainy River and its subsidiaries. New Gold will also have the authority to approve certain actions requiring the approval of Shareholders, including sales of Rainy River&#146;s assets. New Gold currently intends, if it takes up and pays for the Shares validly deposited under the Offer, to acquire all of the outstanding Shares not deposited under the Offer by way of a Compulsory Acquisition or Subsequent Acquisition Transaction. If New Gold is unable to complete (or&nbsp;if there is a delay in completing) a Compulsory Acquisition or Subsequent Acquisition Transaction, New Gold will nonetheless own sufficient Shares to control Rainy River. New Gold&#146;s interests with respect to Rainy River may differ from the interests of Shareholders who do not deposit their Shares under the&nbsp;Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">The purchase of Shares by New Gold under the Offer could affect the market for and listing of Shares and Rainy River&#146;s status as a reporting issuer.</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The purchase of Shares by New Gold under the Offer will reduce the number of Shares that might otherwise trade publicly and will reduce the number of Shareholders and, depending on the number of Shares acquired by New Gold, could materially adversely affect the liquidity and market value of any remaining Shares held by the public. In addition, depending on the number of Shares purchased under the Offer, it is possible that the Shares would fail to meet the criteria for continued listing on the TSX. Even if the Shares would not be delisted by virtue of failing to meet the criteria for continued listing on the TSX, New Gold intends, to the extent permitted by applicable Laws, to cause Rainy River to apply to voluntarily delist the Shares from the TSX as soon as practicable after completion of the Offer and, if applicable, any Compulsory Acquisition or Subsequent Acquisition Transaction. See Section&nbsp;15 of the Circular, &#147;Effect of the Offer on the Market for and Listing of Shares and Status as a Reporting Issuer&#148;.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">63<a name="PB_63_081545_9621"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='63',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-15.htm',USER='105933',CD='Jun 18 07:02 2013' -->


<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">For United States federal income tax purposes, the disposition of Shares and SRP Rights pursuant to the Offer will be a fully taxable transaction to U.S. Shareholders.</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notwithstanding the fact that part of the consideration paid by New Gold under the Offer may be New Gold Shares, the disposition of Shares and SRP Rights pursuant to the Offer will be a fully taxable transaction to U.S. Shareholders.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Risks Relating to New Gold and the Integration of the Operations and Businesses of New Gold and&nbsp;Rainy River</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The integration of the operations and businesses of New Gold and Rainy River may not produce the anticipated benefits, in the expected time-frames or at all, due to unanticipated challenges or delays. New Gold has made the Offer with the expectation that its successful completion and the subsequent integration of New Gold and Rainy River will result in greater long-term potential and value creation than the individual companies could achieve on their own. This expectation is based, in part, on certain presumed synergies. These anticipated benefits and synergies will depend in part on whether the operations, systems and personnel of Rainy River and New Gold can be integrated in an efficient and effective manner, the timing and manner of completion of a Compulsory Acquisition or Subsequent Acquisition Transaction and whether the presumed bases or sources of synergies produce the benefits anticipated. Most operational and strategic decisions, and certain staffing decisions, with respect to the combined company have not yet been made and may not have been fully identified. These decisions and the integration of the two companies will present significant challenges to management, including the integration of operations and personnel of the two companies, and special risks, including possible unanticipated liabilities and expenses, significant one-time write-offs or restructuring charges and the loss of key employees. There can be no assurance that there will be operational or other synergies realized by the combined company, or that the integration of the two companies&#146; operations, systems and personnel will be timely or effectively accomplished, or ultimately will be successful in achieving the anticipated&nbsp;benefits.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For further information regarding the risks relating to New Gold and its business, see the documents that New Gold has filed with Canadian securities regulatory authorities incorporated by reference herein, including New Gold&#146;s Annual Information Form&nbsp;filed on SEDAR on March&nbsp;27, 2013 for the financial year ended December&nbsp;31, 2012.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">18.</font></b><b><font size="1" style="font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Regulatory Considerations</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold&#146;s obligation to take up and pay for Shares under the Offer is conditional upon all government and regulatory approvals, including the Competition Act Approval, waiting or suspensory periods, waivers, permits, consents, reviews, investigations, orders, certificates, rulings, decisions, statements of no objection and exemptions, that are required by Law to complete the Offer or any Compulsory Acquisition or Subsequent Acquisition Transaction, being obtained or concluded or, in the case of waiting or suspensory periods, expired or terminated, each on terms and conditions satisfactory to New Gold and Rainy River, acting reasonably.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Competition Laws</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Part&nbsp;IX of the Competition Act requires that parties to certain classes of transactions provide prescribed information to the Commissioner where the applicable thresholds set out in Sections 109 and 110 of the Competition Act are exceeded and no exemption applies (&#147;<b>Notifiable Transactions</b>&#148;). Subject to certain limited exceptions, a Notifiable Transaction cannot be completed until the parties to the transaction have each submitted the information prescribed pursuant to subsection 114(1)&nbsp;of the Competition Act (a &#147;<b>Notification</b>&#148;) to the Commissioner and the applicable waiting period has expired or has been terminated early by the Commissioner. The Competition Act prescribes an initial waiting period of 30 days from when the parties have both filed their respective Notification. At the end of that period, the parties are permitted to complete their Notifiable Transaction unless, prior to the expiration of the waiting period, the Commissioner issues a supplementary information request to the parties, in which case the parties cannot complete their transaction until 30 days after the day in which the parties comply with the supplementary information request, unless, before completion, the Competition Tribunal, upon the application of the Commissioner, issues a temporary order prohibiting completion in order to facilitate the Commissioner&#146;s continued review of the transaction or litigation before the Competition Tribunal.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Alternatively to, or in addition to, filing a Notification, a party to a Notifiable Transaction may apply to the Commissioner for an Advance Ruling Certificate or, in the event that the Commissioner is not prepared to issue an Advance Ruling Certificate, a letter confirming that the Commissioner does not, at that time, intend to make an application under Section&nbsp;92 of the Competition Act in respect of the Notifiable Transaction (a No-Action Letter).&#160; If the Commissioner issues an Advance Ruling Certificate, the parties are exempt from having to file a notification; if the Commissioner issues a No-Action Letter, upon the request of the parties, the Commissioner can waive the parties&#146; requirement to submit a notification where the parties have supplied substantially similar information as would have been supplied with their Notification (a &#147;<b>Waiver</b>&#148;). The filing of a request for an Advance Ruling Certificate or, in the alternative, a No-Action Letter and Waiver </font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">64<a name="PB_64_081650_8715"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='64',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-17.htm',USER='105933',CD='Jun 18 06:57 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">does not start a statutory waiting period and, unless the parties have also filed a Notification, the parties cannot complete their transaction until the Commissioner has completed his review and issued the requested clearance.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Commissioner may challenge an acquisition before the Competition Tribunal at any time before, or within one year following, its completion where the acquisition prevents or lessens, or is likely to prevent or lessen, competition substantially (a &#147;<b>Competition Challenge</b>&#148;). If the Competition Tribunal agrees with the Commissioner, the Tribunal can issue an order prohibiting the transaction, provided that the transaction has not been completed by such time, or it can order the divestiture of shares or assets where the transaction already has been completed; the Competition Tribunal cannot issue an order, however, where the parties have been able to establish the elements of the statutory efficiencies defence.&#160; The Commissioner is precluded from bringing a Competition Challenge on substantially the same information that an Advance Ruling Certificate was issued, provided that the Notifiable Transaction was completed within one year after the Advance Ruling Certificate was issued. No such prohibition on bringing a Competition Challenge applies to the issuance of a No-Action Letter. The Commissioner may bring a Competition Challenge within one year from the time the transactions contemplated in the Acquisition Agreement are substantially completed.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The transactions contemplated by the Acquisition Agreement constitute a Notifiable Transaction. On June&nbsp;10, 2013, New Gold and Rainy River filed with the Commissioner a submission in support of a request for an Advance Ruling Certificate or, in the event that the Commissioner will not issue an Advance Ruling Certificate, a No-Action Letter and Waiver. Under the Acquisition Agreement, the parties reserve the right to file a Notification in the event that the Commissioner does not issue an Advance Ruling Certificate or No-Action Letter and Waiver within a specified period of time.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Canadian Securities Laws</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The distribution of the New Gold Shares under the Offer is being made pursuant to statutory exemptions from the prospectus and dealer registration requirements under applicable Canadian securities laws. While the resale of New Gold Shares issued under the Offer is subject to restrictions under the securities laws of certain Canadian provinces and territories, Shareholders in such provinces and territories generally will be able to rely on statutory exemptions from such restrictions.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">U.S.&nbsp;Securities Laws</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The issuance of the New Gold Shares under the Offer is being made pursuant to a registration statement on Form&nbsp;F-10 filed with the SEC under the U.S.&nbsp;Securities Act and New Gold has applied to list the New Gold Shares issuable under the Offer on the NYSE MKT. Shareholders who are not affiliates (as&nbsp;defined in Rule&nbsp;144 under the U.S.&nbsp;Securities Act) of New Gold may resell their New Gold Shares acquired under the Offer without registration under the U.S.&nbsp;Securities Act. However, New Gold Shares owned by affiliates of New Gold, including those acquired under the Offer, may be resold only pursuant to an applicable resale registration statement under the U.S.&nbsp;Securities Act, in accordance with the requirements of Rule&nbsp;144 under the U.S. Securities Act or pursuant to another exemption from the registration requirements of the U.S. Securities Act.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">19.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Certain Canadian Federal Income Tax Considerations</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In the opinion of Cassels, counsel to New Gold, the following is a summary of the principal Canadian federal income tax considerations under the <i>Income Tax Act </i>(Canada) and the regulations thereunder, as amended (the &#147;<b>Tax Act</b>&#148;), generally applicable to a Shareholder who, for purposes of the Tax Act, holds Shares and will hold New Gold Shares received pursuant to the Offer as capital property, deals at arm&#146;s length with, and is not affiliated with, Rainy River or New Gold and who sells Shares to New Gold under the Offer or otherwise disposes of Shares pursuant to certain transactions described in Section&nbsp;9 of the Circular, &#147;Acquisition of Shares Not Deposited&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shares</font><font size="2" style="font-size:10.0pt;"> and New Gold Shares generally will be considered capital property to a Shareholder for purposes of the Tax Act unless the Shareholder holds such shares in the course of carrying on a business of buying and selling securities or the Shareholder has acquired or holds them in a transaction or transactions considered to be an adventure or concern in the nature of trade.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This summary is based on the current provisions of the Tax&nbsp;Act in force as of the date hereof and counsel&#146;s understanding of the current published administrative policies and assessing practices of the CRA publicly available prior to the date hereof. This summary takes into account all specific proposals to amend the Tax&nbsp;Act that have been publicly announced by or on behalf of the Minister of Finance (Canada) prior to the date hereof (the&nbsp;&#147;<b>Tax Proposals</b>&#148;) and assumes that the Tax Proposals will be enacted in the form proposed. No assurance can be given that the Tax Proposals will be </font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">65<a name="PB_65_081714_563"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='65',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-17.htm',USER='105933',CD='Jun 18 06:57 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">enacted in the form proposed, or at all. This summary does not otherwise take into account or anticipate any other changes in law, whether by judicial, governmental or legislative decision or action or changes in the administrative policies or assessing practices of the CRA, nor does it take into account provincial, territorial or foreign income tax legislation or considerations, which may differ materially from those described in this&nbsp;summary.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This summary is not applicable to persons holding Options, Warrants or other conversion or exchange rights to acquire Shares, or persons who acquired Shares on the exercise of employee stock options. In addition, this summary does not apply to: (i) a Shareholder with respect to whom New Gold is or will be a &#147;foreign affiliate&#148; within the meaning of the Tax Act, (ii) a Shareholder that is a &#147;financial institution&#148;, for the purposes of the mark-to-market rules&nbsp;in the Tax Act, (iii)&nbsp;a Shareholder an interest in which is a &#147;tax shelter investment&#148; as defined in the Tax Act, (iv) a Shareholder that is a &#147;specified financial institution&#148; as defined in the Tax Act, (v) a Shareholder who has made a&#147;functional currency&#148; election under section 261 of the Tax Act, or (vi) a Shareholder that has, or will, enter into, with respect to the Shares or the New Gold Shares, a &#147;derivative forward agreement&#148; as that term is defined in proposed amendments contained in a Notice of Ways and Means Motion that accompanied the federal budget tabled by the Minister of Finance (Canada) on March 21, 2013.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Further, this summary is not applicable to a person that (i)&nbsp;is a corporation resident in Canada and (ii)&nbsp;is, or becomes as part of a transaction or event or series of transactions or events that includes the acquisition of New Gold Shares, controlled by a non-resident corporation for the purposes of the foreign affiliate dumping rules&nbsp;in section 212.3 of the Tax Act. Any such Shareholder should consult its own tax advisor.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This summary assumes that if any SRP Rights are acquired pursuant to the Offer that there is no value to those SRP Rights, and, therefore, that no amount of the consideration paid by New Gold will be allocated to the SRP Rights. Accordingly, this summary does not otherwise address the disposition of any SRP Rights pursuant to the Offer. Holders should consult their own tax advisors regarding the disposition of any SRP Rights.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">This summary is of a general nature only and is not, and is not intended to be, nor should it be construed to be, legal or tax advice to any particular Shareholder. This summary is not exhaustive of all Canadian federal income tax considerations. Accordingly, Shareholders should consult their own legal and tax advisors with respect to the tax consequences to them of having their Shares acquired based on their particular circumstances, including the application and effect of the income and other taxes of any country, province or other jurisdiction in which the Shareholders reside or carry on&nbsp;business.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Residents of Canada</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following portion of the summary is generally applicable to a Shareholder who, for purposes of the Tax Act and any applicable tax treaty or convention and at all relevant times, is resident, or is deemed to be resident, in Canada (a&nbsp;&#147;<b>Resident Shareholder</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Certain Resident Shareholders whose Shares would not otherwise qualify as capital property may be eligible to make an irrevocable election in accordance with subsection&nbsp;39(4)&nbsp;of the Tax&nbsp;Act to have the Shares, and every other &#147;Canadian security&#148; (as&nbsp;defined in the Tax&nbsp;Act) owned by such Resident Shareholder in the taxation year in which the election is made and in all subsequent taxation years, deemed to be capital property. Where Shares are acquired by New Gold and the Resident Shareholder makes a Tax Election (as defined herein) in respect of such Shares, as described below, the New Gold Shares received in exchange will not be Canadian securities for purposes of subsection&nbsp;39(4)&nbsp;of the Tax&nbsp;Act. Resident Shareholders contemplating such an election should first consult their own tax advisors.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Disposition of Shares Under the Offer</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Exchange of Shares for Cash Only or a Combination of New Gold Shares and Cash &#151; No Tax Election</font></u></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Resident Shareholder whose Shares are exchanged for cash only or a combination of New Gold Shares and cash pursuant to the Offer and who does not make a valid Tax Election will realize a capital gain (or capital loss) equal to the amount by which the proceeds of disposition, net of any reasonable costs of disposition, exceed (or are exceeded by) the adjusted cost base of the Resident Shareholder&#146;s Shares immediately before the exchange.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For purposes of computing the capital gain or capital loss realized upon the disposition of a Share to New Gold, a Resident Shareholder will be considered to have disposed of such Resident Shareholder&#146;s Share to New Gold for proceeds of disposition equal to the aggregate of the cash received in respect of such Share (including cash received in lieu of a fraction of a Share) and the fair market value (determined at the time the Share is taken up and paid for) of New Gold Shares received from New Gold (if any), in consideration therefor.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">66<a name="PB_66_081720_9497"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='66',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-17.htm',USER='105933',CD='Jun 18 06:57 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The cost to the Resident Shareholder of any New Gold Shares acquired on the exchange will equal the aggregate fair market value, as at the time of the exchange, of the Shares disposed of by such Resident Shareholder, less the aggregate of the amount of cash received on the exchange. If the Resident Shareholder separately owns other New Gold Shares as capital property at that time, the adjusted cost base of all New Gold Shares owned by the Resident Shareholder as capital property immediately after the exchange will be determined by averaging the cost of the New Gold Shares acquired on the exchange with the adjusted cost base of those other New Gold Shares.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The general tax treatment of capital gains and capital losses is discussed below under the subheading &#147;Residents of Canada &#151; Taxation of Capital Gains and Capital Losses&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Exchange of Shares for New Gold Shares Only &#151; No Tax Election</font></u></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In the case of a Resident Shareholder who elects the Share Option and who receives only New Gold Shares (except for cash in lieu of a fractional share, if applicable), a capital gain or capital loss that would otherwise be realized on the exchange of a Share for a New Gold Share may be deferred under the provisions of section 85.1 of the Tax Act.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In general, except where (a)&nbsp;such a Resident Shareholder has, in the Resident Shareholder&#146;s income tax return for the year of sale, included any portion of the gain or loss otherwise determined from the disposition of a Share, (b)&nbsp;such a Resident Shareholder has made a Tax Election, or (c)&nbsp;immediately after the exchange, such a Resident Shareholder or persons with whom such a Resident Shareholder does not deal at arm&#146;s length for purposes of the Tax Act or such a Resident Shareholder together with such persons either controls or beneficially owns shares of the capital stock of New Gold having a fair market value of more than 50% of the fair market value of all outstanding shares of the capital stock of New Gold, the Resident Shareholder will be deemed to have disposed of each of the Resident Shareholder&#146;s Shares for proceeds of disposition equal to the adjusted cost base of such share immediately before the disposition, and, in exchange therefor, will be deemed to have acquired New Gold Shares at a cost equal to such adjusted cost base. Pursuant to the CRA&#146;s current administrative practices, a Resident Shareholder who receives cash not exceeding $200 in lieu of a fractional share will have the option of recognizing the capital gain or capital loss arising on the disposition of the fractional share or alternatively of reducing the adjusted cost base of the New Gold Shares acquired by the amount of cash so received.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the Resident Shareholder separately owns other New Gold Shares as capital property at that time, the adjusted cost base of all New Gold Shares owned by the Resident Shareholder as capital property immediately after the exchange will be determined by averaging the cost of the New Gold Shares acquired on the exchange with the adjusted cost base of those other New Gold Shares.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The provisions described above with respect to the deferral of a capital gain or a capital loss will not apply to Resident Shareholders who elect to include in their income for the year of disposition any portion of the gain or loss otherwise determined. A Resident Shareholder who does include any such amount in income will be deemed to have disposed of all Shares for proceeds of disposition equal to the fair market value of New Gold Shares (and cash in lieu of a fractional share, if applicable) received in exchange therefor and to have acquired such New Gold Shares at a cost equal to their fair market value. It is not possible for a Resident Shareholder to elect such treatment on a portion only of the gain or loss otherwise realized on a disposition of Shares.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Exchange of Shares for New Gold Shares Only or a Combination of New Gold Shares and Cash &#151; Tax Election</font></u></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following applies to a Resident Shareholder who is an Eligible Holder. An Eligible Holder who receives New Gold Shares only or a combination of cash and New Gold Shares under the Offer may obtain a full or partial tax deferral in respect of the disposition of Shares as a consequence of filing with the CRA (and, where applicable, with a provincial tax authority) a joint election made by the Eligible Holder and New Gold under subsection 85(1)&nbsp;of the Tax Act (or, in the case of a partnership, under subsection 85(2)&nbsp;of the Tax Act provided all members of the partnership jointly elect) and the corresponding provisions of any applicable provincial tax legislation (collectively, the &#147;<b>Tax Election</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">So long as, at the time of the disposition, the adjusted cost base to an Eligible Holder of the holder&#146;s Shares equals or exceeds the aggregate of the amount of any cash received as a result of such disposition by such holder, the Eligible Holder may select an Elected Amount (as defined herein) so as to not realize a capital gain for the purposes of the Tax Act on the exchange. The &#147;<b>Elected Amount</b>&#148; means the amount selected by an Eligible Holder, subject to the limitations described below, in the Tax Election to be treated as the Eligible Holder&#146;s proceeds of disposition of the Shares.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In general, where an election is made, the Elected Amount must comply with the following rules:</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">67<a name="PB_67_081727_3641"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='67',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-17.htm',USER='105933',CD='Jun 18 06:57 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Elected Amount may not be less than the amount of cash received by the Eligible Holder as a result of the disposition;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Elected Amount may not be less than the lesser of the adjusted cost base to the Eligible Holder of the Shares exchanged, determined at the time of the disposition, and the fair market value of the Shares at that time;&nbsp;and</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Elected Amount may not exceed the fair market value of the Shares at the time of the&nbsp;disposition.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Where an Eligible Holder and New Gold make an election that complies with the rules&nbsp;above, the tax treatment to the Eligible Holder generally will be as&nbsp;follows:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Eligible Holder will be deemed to have disposed of the Shares for proceeds of disposition equal to the Elected&nbsp;Amount;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">if the Elected Amount is equal to the aggregate of the adjusted cost base to the Eligible Holder of the Shares, determined at the time of the disposition, and any reasonable costs of disposition, no capital gain or capital loss will be realized by the Eligible Holder;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">to the extent that the Elected Amount exceeds (or&nbsp;is less than) the aggregate of the adjusted cost base of the Shares to the Eligible Holder and any reasonable costs of disposition, the Eligible Holder will in general realize a capital gain (or&nbsp;capital loss);&nbsp;and</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the aggregate cost to the Eligible Holder of New Gold Shares acquired as a result of the disposition will equal the amount, if any, by which the Elected Amount exceeds the aggregate amount of the cash received by the Eligible Holder as a result of the disposition, and such cost will be averaged with the adjusted cost base of all other New Gold Shares held by the Eligible Holder as capital property immediately prior to the disposition for the purpose of determining thereafter the adjusted cost base of each New Gold Share held by such Eligible Holder.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold has agreed to make a Tax Election pursuant to subsection 85(1)&nbsp;or subsection 85(2)&nbsp;of the Tax Act (and any similar provision of any provincial tax legislation) with an Eligible Holder at the amount determined by such Eligible Holder, subject to the limitations set out in subsection 85(1)&nbsp;or subsection 85(2)&nbsp;of the Tax Act (or any applicable provincial tax legislation).</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">An Eligible Holder who wishes to enter into a Tax Election with New Gold must obtain the appropriate federal election forms (Form&nbsp;T2057 or, in the event that the Shares are held by a partnership, Form&nbsp;T2058) from the CRA, and, where necessary, appropriate provincial election forms from the appropriate provincial office. An Eligible Holder who intends to make a Tax Election should indicate that intention by checking the appropriate box in the Letter of Transmittal. New Gold also intends to provide a tax instruction letter after the Expiry Time on its website at www.newgold.com.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">An Eligible Holder who wishes to effect the disposition of such Eligible Holder&#146;s Shares pursuant to a Tax Election must ensure that two signed copies of Form&nbsp;T2057 or, in the event that the Shares are held by a partnership, two signed copies of Form&nbsp;T2058 (and&nbsp;where necessary, two signed copies of the appropriate provincial forms), are received by New Gold in accordance with the procedures set out in the tax instruction letter on or before the day that is 45&nbsp;days after the Take-Up Date for the Shares duly completed with the details of the number of Shares transferred, the consideration received and the applicable Elected Amounts for the purposes of such Tax Elections. Subject to the election forms complying with the provisions of the Tax&nbsp;Act (or&nbsp;applicable provincial income tax law), one copy of the election form (and&nbsp;one copy of any provincial election form) will be returned to the particular Eligible Holder at the address indicated on the election form, signed by New Gold, for filing by the Eligible Holder with the CRA (and&nbsp;any applicable provincial tax authority). Any Eligible Holder who does not ensure that the duly completed election forms have been received by New Gold on or before the day that is 45&nbsp;days after the Take-Up Date for the Shares will not be able to benefit from the rollover provisions in section 85 of the Tax Act (or the corresponding provisions of any applicable provincial tax legislation). Accordingly, all Eligible Holders who wish to enter into a Tax Election with New Gold should give their immediate attention to this&nbsp;matter.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Where Shares are held in joint ownership and two or more of the co-owners wish to elect, one of the co-owners designated for such purpose should file one copy of Form&nbsp;T2057 (and, where applicable, the corresponding provincial </font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">68<a name="PB_68_081746_5250"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='68',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-17.htm',USER='105933',CD='Jun 18 06:57 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">form(s)) for each co-owner along with a list of all co-owners electing, which list should contain the address and social insurance number or business number of each co-owner. Where the Shares are held as partnership property, a partner designated by the partnership must file one copy of Form&nbsp;T2058 (and, where applicable, the corresponding form(s)&nbsp;with the provincial taxation authority) on behalf of (but&nbsp;not for) each member of the partnership. Such Form&nbsp;T2058 (and&nbsp;provincial form(s), if applicable) must be accompanied by a list containing the name and social insurance number or business number of each partner and must be signed by each partner or accompanied by a copy of the document authorizing the designated partner to complete, execute and file the form on behalf of the other&nbsp;partners.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Compliance with the requirements to ensure a valid Tax Election is filed under subsection&nbsp;85(1)&nbsp;or&nbsp;(2)&nbsp;of the Tax&nbsp;Act (and, where applicable, under the corresponding provisions of any provincial tax legislation) will be the sole responsibility of the Eligible Holder making such Tax Election, and such Eligible Holder will be solely responsible for the payment of any taxes, interest, penalties, damages or expenses arising in respect of any late filed Tax Elections. New Gold agrees only to add the required information regarding New Gold to any properly completed election form received by New Gold in accordance with the procedures set out in the tax instruction letter on or before the day that is 45&nbsp;days after the Take-Up Date for the Shares, to execute any such election form and to forward one copy of such election form by mail to the Eligible Holder at the address indicated on the election form within 45&nbsp;days after the receipt thereof. <b>Accordingly, New Gold will not be responsible or liable for taxes, interest, penalties, damages or expenses resulting from the failure by anyone to properly complete any election form or to properly file it within the time prescribed and in the form prescribed under the Tax&nbsp;Act (or&nbsp;the corresponding provisions of any applicable provincial tax legislation).</b></font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In order for the CRA (and, where applicable, the provincial authorities) to accept a Tax Election without a late filing penalty being paid by an Eligible Holder, the election form must be received by the CRA on or before the day that is the earliest of the days on or before which either New Gold or the Eligible Holder is required to file an income tax return for the taxation year in which the exchange occurs. New Gold&#146;s 2013 taxation year is scheduled to end on December&nbsp;31, 2013, although New Gold&#146;s taxation year could end earlier as a result of an event such as an amalgamation. Eligible Holders are urged to consult their own advisors as soon as possible respecting the deadlines applicable to their own particular circumstances. <b>However, regardless of such deadline, the tax election forms of an Eligible Holder must be received by New Gold in accordance with the procedures set out herein no later than 45&nbsp;days after the Take-Up Date for the&nbsp;Shares.</b></font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Eligible Holders are referred to <i>Information Circular</i> 76-19R3 and <i>Interpretation Bulletin</i> IT-291R3&nbsp;issued by the CRA for further information respecting the Tax Elections. <b>Eligible Holders wishing to make a Tax Election under subsection&nbsp;85(1)&nbsp;or&nbsp;(2)&nbsp;of the Tax&nbsp;Act (and the corresponding provisions of any applicable provincial tax legislation) should consult their own tax advisors. The comments herein with respect to such Tax Elections are provided for general assistance only. The law in this area is complex and contains numerous technical requirements.</b></font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Taxation of Capital Gains and Capital Losses</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Generally, a Resident Shareholder will be required to include in computing its income for a taxation year one-half of the amount of any capital gain (a &#147;<b>taxable capital gain</b>&#148;) realized by it in that year. A Resident Shareholder will be required to deduct one-half of the amount of any capital loss (an &#147;<b>allowable capital loss</b>&#148;) realized in a taxation year from taxable capital gains realized by the Resident Shareholder in that year. Allowable capital losses in excess of taxable capital gains realized in a taxation year may be carried back to any of the three preceding taxation years or carried forward to any subsequent taxation year and deducted against net taxable capital gains realized in such years, subject to and in accordance with the detailed rules&nbsp;contained in the Tax Act.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The amount of any capital loss realized on the disposition of a Share or a New Gold Share by a Resident Shareholder that is a corporation may, to the extent and under the circumstances specified by the Tax Act, be reduced by the amount of any dividends received or deemed to have been received by the corporation on such share (or on a share for which such share is substituted or exchanged). Similar rules&nbsp;may apply where shares are owned by a partnership or trust of which a corporation, trust or partnership is a member or beneficiary. Resident Shareholders to whom these rules&nbsp;may be relevant should consult their own advisors.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Resident Shareholder that is throughout the year a &#147;Canadian-controlled private corporation&#148;, as defined in the Tax Act, may be liable to pay an additional refundable tax on certain investment income, including taxable capital gains realized, interest and certain dividends.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">69<a name="PB_69_081752_7672"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='69',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-17.htm',USER='105933',CD='Jun 18 06:57 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Capital gains realized by a Resident Shareholder who is an individual or a trust, other than certain specified trusts, will be taken into account in determining liability for alternative minimum tax under the Tax Act.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Disposition of Shares Pursuant to a Compulsory Acquisition or a Compelled Acquisition</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As described in Section&nbsp;9 of the Circular, &#147;Acquisition of Shares Not Deposited&#148;, New Gold may, in certain circumstances, acquire Shares pursuant to a Compulsory Acquisition or a Compelled Acquisition. The tax consequences to a Resident Shareholder of a disposition of Shares in such circumstances will generally be as described above under the subheading &#147;Residents of Canada &#151; Disposition of Shares Under the Offer &#151; Exchange of Shares for Cash Only or a Combination of New Gold Shares and Cash &#151; No Tax Election&#148;, &#147;Residents of Canada &#151; Disposition of Shares Under the Offer &#151; Exchange of Shares for New Gold Shares Only &#151; No Tax Election&#148;, or &#147;Residents of Canada &#151; Disposition of Shares Under the Offer &#151; Exchange of Shares for New Gold Shares Only or a Combination of New Gold Shares and Cash &#151; Tax Election&#148;, as the case may be.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any interest (whether awarded by the Court or otherwise) paid to a Resident Shareholder in connection with a Compulsory Acquisition must be included in computing the Resident Shareholder&#146;s income for the purposes of the Tax&nbsp;Act.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Resident Shareholders should consult their own tax advisors with respect to the potential income tax consequences to them of having their Shares acquired pursuant to a Compulsory Acquisition or Compelled Acquisition.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Disposition of Shares Pursuant to a Subsequent Acquisition Transaction</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As described in Section&nbsp;9 of the Circular, &#147;Acquisition of Shares Not Deposited&nbsp;&#151; Subsequent Acquisition Transaction&#148;, if New Gold takes up and pays for Shares validly deposited under the Offer, and New Gold is unable, or elects not, to effect a Compulsory Acquisition, New Gold will evaluate other alternatives to acquire all of the Shares not deposited under the Offer. As described in Section&nbsp;9 of the Circular, &#147;Acquisition of Shares Not Deposited&nbsp;&#151; Subsequent Acquisition Transaction&#148;, New Gold currently intends that the consideration offered under any Subsequent Acquisition Transaction proposed by it would be equal in value to, and in the same form as, the consideration per Share paid to the Shareholders under the&nbsp;Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The income tax treatment of a Subsequent Acquisition Transaction to a Resident Shareholder will depend upon the exact manner in which the Subsequent Acquisition Transaction is carried out. New Gold may propose a statutory arrangement, amalgamation, merger, reorganization, share consolidation, recapitalization or similar transaction. Depending on the form of the Subsequent Acquisition Transaction, a Resident Shareholder may realize a capital gain or capital loss and/or be deemed to receive a dividend. No opinion is expressed herein as to the income tax consequences of any such Subsequent Acquisition Transaction to a Resident Shareholder.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Resident Shareholders should consult their own tax advisors for advice with respect to the income tax consequences to them of having their Shares acquired pursuant to a Subsequent Acquisition Transaction.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Potential Delisting</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As described in Section&nbsp;15 of the Circular, &#147;Effect of the Offer on the Market for and Listing of Shares and Status as a Reporting Issuer&#148;, the Shares may cease to be listed on the TSX following the completion of the Offer. Resident Shareholders are cautioned that, if the Shares are no longer listed on a &#147;designated stock exchange&#148; (as defined in the Tax Act and currently includes the TSX) and Rainy River ceases to be a &#147;public corporation&#148; for purposes of the Tax Act, the Shares will not be &#147;qualified investments&#148; (as defined in the Tax Act) for trusts governed by registered retirement savings plans (&#147;<b>RRSPs</b>&#148;), registered retirement income funds (&#147;<b>RRIFs</b>&#148;), registered education savings plans, registered disability savings plans, deferred profit sharing plans and tax-free savings accounts (&#147;<b>TFSAs</b>&#148;) (as each term is defined in the Tax Act). Resident Shareholders who hold the Shares in such trusts should consult their own tax advisors with respect to the potential income tax consequences to them in this regard.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Taxation of Dividends on and the Disposition of New Gold Shares</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dividends received or deemed to be received on New Gold Shares by a Resident Shareholder that is an individual (including a trust) will be included in computing the individual&#146;s income for tax purposes and will be subject to the gross-up and dividend tax credit rules&nbsp;normally applicable to dividends received from &#147;taxable Canadian corporations&#148; (as&nbsp;defined in </font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">70<a name="PB_70_081804_536"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='70',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-17.htm',USER='105933',CD='Jun 18 06:57 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">the Tax&nbsp;Act). A dividend will be eligible for the enhanced gross-up and dividend tax credit for &#147;eligible dividends&#148; (as&nbsp;defined in the Tax&nbsp;Act) paid by taxable Canadian corporations, to the extent that such dividend is designated by New Gold as an eligible dividend.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Resident Shareholder that is a corporation will include dividends received or deemed to be received on New Gold Shares in computing its income for tax purposes and generally will be entitled to deduct the amount of such dividends in computing its taxable&nbsp;income.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Certain corporations, including &#147;private corporations&#148; or &#147;subject corporations&#148; (as&nbsp;such terms are defined in the Tax&nbsp;Act), may be liable to pay a refundable tax under Part&nbsp;IV of the Tax&nbsp;Act at the rate of 33</font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">1</font><font size="2" style="font-size:10.0pt;">/</font><font size="1" style="font-size:6.5pt;position:relative;top:1.0pt;">3</font><font size="2" style="font-size:10.0pt;">% of the dividends received or deemed to be received on New Gold Shares to the extent that such dividends are deductible in computing taxable income.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The disposition or deemed disposition of New Gold Shares by a Resident Shareholder (other than to New Gold) will generally result in a capital gain (or&nbsp;capital loss) equal to the amount by which the proceeds of disposition, net of any reasonable costs of disposition, exceed (or&nbsp;are less than) the adjusted cost base to the holder of those shares immediately before the disposition. See subheading &#147;Residents of Canada &#151; Taxation of Capital Gains and Capital Losses&#148; above for a general description of the treatment of capital gains and capital losses under the Tax&nbsp;Act.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Eligibility of New Gold Shares for Investment</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold Shares will be &#147;qualified investments&#148; under the Tax Act for a trust governed by an RRSP, an RRIF, a registered education savings plan, a registered disability savings plan, a deferred profit sharing plan or a TFSA, at any particular time, provided that, at that time, the New Gold Shares are listed on a &#147;designated stock exchange&#148; (which currently includes the TSX) or New Gold is a &#147;public corporation&#148; as defined in the Tax Act.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Notwithstanding that the New Gold Shares may be qualified investments for a trust governed by a TFSA, RRSP or RRIF, the holder of a TFSA or an annuitant of a RRSP or RRIF, as applicable, will be subject to a penalty tax under the Tax Act in respect of New Gold Shares held in a TFSA, RRSP or RRIF, as applicable, if such New Gold Shares are a &#147;prohibited investment&#148; (as defined in the Tax Act) for such plan. The New Gold Shares generally will not be prohibited investments unless the holder or annuitant, as the case may be, (i)&nbsp;does not deal at arm&#146;s length with New Gold for purposes of the Tax Act, or (ii)&nbsp;has a &#147;significant interest&#148; (for purposes of the prohibited investment rules&nbsp;in the Tax Act) in (A)&nbsp;New Gold or (B)&nbsp;a corporation, partnership or trust with which New Gold does not deal at arm&#146;s length. The Department of Finance (Canada) released proposed amendments to the Tax Act on December&nbsp;21, 2012 (the &#147;<b>December&nbsp;2012 Proposals</b>&#148;) that would, if enacted, delete the condition in (ii)(B)&nbsp;above. There can be no assurances that the December&nbsp;2012 Proposals will be enacted in their current proposed form or at all.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Prospective investors who intend to hold New Gold Shares in a TFSA, RRSP or RRIF should consult their own tax advisors regarding their particular circumstances, including having regard to the December&nbsp;2012 Proposals.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Non-Residents of Canada</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following portion of the summary is generally applicable to a Shareholder who at all relevant times, for the purposes of the Tax&nbsp;Act and any applicable tax treaty or convention, is neither resident, nor deemed to be resident, in Canada, and does not use or hold, and is not deemed to use or hold, Shares, and will not hold or be deemed to use or hold New Gold Shares, in connection with carrying on a business in Canada (a&nbsp;&#147;<b>Non-Resident Shareholder</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Special rules, which are not discussed in this summary, may apply to a Non-Resident Shareholder that is an insurer that carries on an insurance business in Canada and elsewhere. Such Non-Resident Shareholders are advised to consult with their own tax&nbsp;advisors.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Disposition of Shares Under the Offer</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Exchange of Shares for New Gold Shares and/or Cash &#151; No Tax Election</font></u></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Non-Resident Shareholder will not be subject to tax under the Tax&nbsp;Act in respect of any capital gain realized on the disposition of Shares to New Gold under the Offer unless the Shares at the time of their disposition constitute &#147;taxable Canadian property&#148; (as&nbsp;defined in the Tax&nbsp;Act) to the Non-Resident Shareholder and are not &#147;treaty protected property&#148; (as defined in the Tax Act) of the Non-Resident Shareholder.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">71<a name="PB_71_081811_5926"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='71',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-17.htm',USER='105933',CD='Jun 18 06:57 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Generally, a Share will not constitute taxable Canadian property to a Non-Resident Shareholder at the time of a disposition where such Share is listed at that time on a &#147;designated stock exchange&#148; as defined in the Tax&nbsp;Act (which definition currently includes the TSX; See however the discussion below under subheading &#147;Non-Residents of Canada &#151;&nbsp;Potential Delisting&#148;) and at no time during the 60-month period immediately preceding the disposition, (a)&nbsp;the Non-Resident Shareholder, persons with whom the Non-Resident Shareholder did not deal at arm&#146;s length, or the Non-Resident Shareholder together with all such persons, owned 25% or more of the issued shares of any class of the capital stock of Rainy River, and (b)&nbsp;more than 50% of the fair market value of the Share was derived, directly or indirectly, from one or any combination of real or immovable property situated in Canada, &#147;Canadian resource properties&#148; (as&nbsp;defined in the Tax&nbsp;Act), &#147;timber resource properties&#148; (as&nbsp;defined in the Tax&nbsp;Act), and options in respect of, or interests in, or for civil law rights in, any of the foregoing properties (whether or not such property exists). Notwithstanding the foregoing, in certain circumstances set out in the Tax&nbsp;Act, Shares could be deemed to be taxable Canadian property to the Non-Resident Shareholder. Non-Resident Shareholders should consult their own tax advisors for advice as to whether their Shares constitute taxable Canadian property, having regard to their particular circumstances.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Even if the Shares are taxable Canadian property to a Non-Resident Shareholder, a taxable capital gain or an allowable capital loss resulting from the disposition of the Shares will not be included in computing the Non-Resident Shareholder&#146;s income for purposes of the Tax Act provided that the Shares constitute &#147;treaty-protected property&#148; (as defined in the Tax Act). Shares owned by a Non-Resident Shareholder will generally be treaty-protected property at the time of the disposition if the gain from the disposition of such shares would, because of an applicable income tax treaty or convention to which Canada is a signatory, be exempt from tax under the Tax Act.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In the event that the Shares constitute taxable Canadian property but not treaty-protected property to a particular Non-Resident Shareholder on the disposition thereof pursuant to the Offer, such Non-Resident Shareholder will realize a capital gain (or capital loss) generally in the circumstances and computed in the manner described above under the subheading &#147;Residents of Canada &#151; Disposition of Shares Under the Offer &#151; Exchange of Shares for Cash Only or a Combination of New Gold Shares and Cash &#151; No Tax Election&#148;. Such non-resident Shareholder, however, may be entitled to the automatic tax deferral provisions of section 85.1 of the Tax Act as described above where the Non-Resident Shareholder receives only New Gold Shares as consideration for depositing Shares to the Offer. If section 85.1 of the Tax Act applies, the New Gold Shares received in exchange for Shares that constituted taxable Canadian property to such Non-Resident Shareholder may be deemed to be taxable Canadian property to such Non-Resident Shareholder.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In the event that the Shares constitute taxable Canadian property and the disposition of such Shares by a Non-Resident Shareholder gives rise to a capital gain which is not exempt from Canadian tax under the terms of an applicable income tax treaty or convention, the income tax consequences as described above under subheading &#147;Residents of Canada &#151; Taxation of Capital Gains and Capital Losses&#148; will generally apply. Non-Resident Shareholders whose Shares are taxable Canadian property should consult their own tax advisors for advice having regard to their particular circumstances.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">Exchange of Shares for New Gold Shares Only or a Combination of New Gold Shares and Cash &#151; Tax Election</font></u></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In the event that Shares constitute taxable Canadian property but not treaty-protected property to a particular Non-Resident Shareholder, and such Non-Resident Shareholder receives New Gold Shares only or a combination of cash and New Gold Shares, then the Non-Resident Shareholder will be an Eligible Holder and may require New Gold to jointly execute for filing with the CRA (and any applicable provincial taxation authority) a Tax Election for the purpose of allowing the Eligible Holder to achieve a full or partial income tax deferral for Canadian federal income tax purposes. New Gold will be required to execute the form and send it to the Eligible Holder only if the Eligible Holder complies with the requirements set forth above under subheading &#147;Residents of Canada &#151; Disposition of Shares Under the Offer &#151; Exchange of Shares for New Gold Shares Only or a Combination of New Gold Shares and Cash &#151; Tax Election&#148; on the same basis as if the Non-Resident Shareholder were a Resident Shareholder thereunder. If the Eligible Holder complies with those requirements, generally the exchange may occur on a fully or partially income tax-deferred basis as described above under subheading &#147;Residents of Canada &#151; Disposition of Shares Under the Offer &#151; Exchange of Shares for New Gold Shares Only or a Combination of New Gold Shares and Cash &#151; Tax Election&#148; on the same basis as if the Non-Resident Shareholder were a Resident Shareholder thereunder.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The New Gold Shares that such Eligible Holders receive for the Shares will generally be deemed to be taxable Canadian property. Non-Resident Shareholders who are Eligible Holders should consult their own tax advisors in this regard.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">72<a name="PB_72_081817_4688"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='72',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-17.htm',USER='105933',CD='Jun 18 06:57 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Disposition of Shares Pursuant to a Compulsory Acquisition or a Compelled Acquisition</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As described in Section&nbsp;9 of the Circular, &#147;Acquisition of Shares Not Deposited&#148;, New Gold may, in certain circumstances, acquire Shares pursuant to a Compulsory Acquisition or a Compelled Acquisition.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Non-Resident Shareholder whose Shares do not constitute taxable Canadian property will not be subject to tax under the Tax Act in respect of any capital gain realized on the disposition of Common Shares by way of a Compulsory Acquisition or a Compelled Acquisition.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Whether a Common Share is considered to be taxable Canadian property at the time of a disposition by way of a Compulsory Acquisition or a Compelled Acquisition will generally be determined as described above (see subheading &#147;Non-Residents of Canada &#151; Disposition of Shares Under the Offer&#148;) except that more stringent rules&nbsp;may be applied where the Common Shares cease to be listed on a designated stock exchange (see subheading &#147;Non-Residents of Canada &#151; Potential Delisting&#148;).</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Non-Resident Shareholder whose Shares are taxable Canadian property for purposes of the Tax Act may be subject to tax under the Tax Act in respect of any capital gain realized on the disposition of Shares by way of a Compulsory Acquisition or a Compelled Acquisition unless the Shares constitute treaty-protected property, such Non-Resident Shareholder receives only New Gold Shares as consideration for Shares of the Non-Resident Shareholder or a valid Tax Election is made in respect of the disposition of Shares by the Non-Resident Shareholder.&#160; See above under subheading &#147;Residents of Canada &#151; Disposition of Shares Under the Offer&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Generally, where interest is paid or credited to a Non-Resident Shareholder in connection with a Compulsory Acquisition, the Non-Resident Shareholder will not be subject to Canadian withholding tax on such interest under the Tax Act.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Non-Resident Shareholders should consult their own tax advisors with respect to the potential income tax consequences to them of having their Shares acquired pursuant to a Compulsory Acquisition or a Compelled Acquisition.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Disposition of Shares Pursuant to a Subsequent Acquisition Transaction</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As described in Section&nbsp;9 of the Circular, &#147;Acquisition of Shares Not Deposited&nbsp;&#151; Subsequent Acquisition Transaction&#148;, if New Gold takes up and pays for Shares validly deposited under the Offer, and New Gold is unable, or elects not, to effect a Compulsory Acquisition, New Gold will evaluate other alternatives to acquire all of the Shares not deposited under the Offer. As described in Section&nbsp;9 of the Circular, &#147;Acquisition of Shares Not Deposited&nbsp;&#151; Subsequent Acquisition Transaction&#148;, New Gold currently intends that the consideration offered under any Subsequent Acquisition Transaction proposed by it would be equal in value to, and in the same form as, the consideration per Share paid to the Shareholders under the&nbsp;Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The income tax treatment of a Subsequent Acquisition Transaction to a Non-Resident Shareholder will depend upon the exact manner in which the Subsequent Acquisition Transaction is carried out. Depending on the form of the Subsequent Acquisition Transaction, a Shareholder may realize a capital gain or capital loss and/or be deemed to receive a dividend, as discussed above under the subheading &#147;Residents of Canada&nbsp;&#151; Disposition of Shares Pursuant to a Subsequent Acquisition Transaction&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Non-Resident Shareholder will not be subject to tax under the Tax&nbsp;Act in respect of any capital gain realized pursuant to a Subsequent Acquisition Transaction unless the Shares constitute &#147;taxable Canadian property&#148; of the Non-Resident Shareholder. The circumstances in which Shares may constitute taxable Canadian property and the implications to a Non-Resident Shareholder of Shares constituting taxable Canadian property are generally discussed above under the subheading &#147;Non-Residents of Canada&nbsp;&#151; Disposition of Shares Under the&nbsp;Offer &#147;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dividends paid or deemed to be paid or credited to a Non-Resident Shareholder will be subject to Canadian withholding tax at a rate of 25%, subject to any reduction in the rate of withholding to which the Non-Resident Shareholder is entitled under any applicable income tax treaty or convention that is in force at the time of the payment, credit or deemed payment of such dividends. For example, under the <i>Canada-United&nbsp;States Tax Convention (1980)</i>, as amended (the&nbsp;&#147;<b>Convention</b>&#148;), where dividends are paid to or derived by a Non-Resident Shareholder who is a U.S.&nbsp;resident for</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">73<a name="PB_73_081821_2983"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='73',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-17.htm',USER='105933',CD='Jun 18 06:57 2013' -->


<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">purposes of, and who is entitled to benefits in accordance with the provisions of, the Convention, the applicable rate of Canadian withholding tax is generally reduced to&nbsp;15%.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Non-Resident Shareholders should consult their own tax advisors for advice with respect to the income tax consequences to them of having their Shares acquired pursuant to a Subsequent Acquisition Transaction. No opinion is expressed herein as to the tax consequences of any such transaction to a Non-Resident Shareholder.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Potential Delisting</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As described in Section&nbsp;15 of the Circular, &#147;Effect of the Offer on the Market for and Listing of Shares and Status as a Reporting Issuer&#148;, the Shares may cease to be listed on the TSX following the completion of the Offer or, as applicable, a Compulsory Acquisition or a Compelled Acquisition or a Subsequent Acquisition Transaction.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Non-Resident Shareholders who do not dispose of their Shares pursuant to the Offer are cautioned that if the Shares are not listed on a designated stock exchange at the time of their disposition, the Shares may constitute taxable Canadian property if, at any time during the 60-month period immediately preceding the disposition, more than 50% of the fair market value of the Shares was derived directly or indirectly from one or any combination of real or immovable property situated in Canada, Canadian resource properties (as&nbsp;defined in the Tax&nbsp;Act), timber resource properties, and options in respect of, or interests in, or for civil law rights in, any of the foregoing properties (whether or not such property exists). Notwithstanding the foregoing, in certain circumstances set out in the Tax&nbsp;Act, the Shares could also be deemed to be taxable Canadian property to the Non-Resident Shareholder. Non-Resident Shareholders should consult their own tax advisors for advice as to whether their Shares constitute taxable Canadian property, having regard to their particular circumstances.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the Shares are taxable Canadian property of the Non-Resident Shareholder at the time of their disposition and are not treaty-protected property of the Non-Resident Shareholder for purposes of the Tax Act, the Non-Resident Shareholder may be subject to tax under the Tax Act in respect of any capital gain realized on the disposition. Furthermore, if the Shares are not listed on a recognized stock exchange at the time of their disposition and are not treaty-protected property of the Non-Resident Shareholder for purposes of the Tax Act, the notification and withholding provisions of section 116 of the Tax Act will apply to the Non-Resident Shareholder with the result that, among other things, unless New Gold has received a clearance certificate, pursuant to section 116 of the Tax Act, relating to the disposition of a Non-Resident Shareholder&#146;s Shares, New Gold may deduct or withhold 25% from any payment made to the Non-Resident Shareholder and will remit such amount to the Receiver General of Canada on account of the Non-Resident Shareholder&#146;s liability for tax under the Tax Act.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Non-Resident Shareholders should consult their own tax advisors with respect to the potential income tax consequences to them of not disposing of their Shares under the&nbsp;Offer</font></b><font size="2" style="font-size:10.0pt;">.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Taxation of Dividends on and the Disposition of New Gold Shares</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dividends paid or deemed to be paid or credited to a Non-Resident Shareholder on New Gold Shares will be subject to Canadian withholding tax at a rate of 25%, subject to any reduction in the rate of withholding to which the Non-Resident Shareholder is entitled under any applicable tax treaty or convention that is in force at the time of the payment, credit or deemed payment of such dividends. For example, under the Convention, where dividends are paid to or derived by a Non-Resident Shareholder who is a U.S.&nbsp;resident for purposes of, and who is entitled to benefits in accordance with the provisions of, the Convention, the applicable rate of Canadian withholding tax is generally reduced to&nbsp;15%.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A Non-Resident Shareholder will not be subject to tax under the Tax&nbsp;Act in respect of any capital gain realized on a disposition or deemed disposition of New Gold Shares unless the Shares constitute &#147;taxable Canadian property&#148; of the Non-Resident Shareholder. The circumstances in which New Gold Shares may constitute taxable Canadian property and the implications to a Non-Resident Shareholder of New Gold Shares constituting taxable Canadian property will generally be the same as discussed above in respect of the Shares under the subheading &#147;Non-Residents of Canada &#151; Disposition of Shares Under the&nbsp;Offer&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">20.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Certain United&nbsp;States Federal Income Tax Considerations</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">UNITED STATES TREASURY DEPARTMENT CIRCULAR 230&nbsp;NOTICE: TO ENSURE COMPLIANCE WITH INTERNAL REVENUE SERVICE CIRCULAR 230, SHAREHOLDERS ARE HEREBY NOTIFIED THAT: (A)&nbsp;ANY DISCUSSION OF UNITED STATES FEDERAL TAX ISSUES CONTAINED OR REFERRED TO IN </font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">74<a name="PB_74_081911_6228"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='74',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-19.htm',USER='105933',CD='Jun 18 06:56 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THIS CIRCULAR OR IN ANY DOCUMENT REFERRED TO HEREIN IS NOT INTENDED OR WRITTEN TO BE USED, AND CANNOT BE USED BY SHAREHOLDERS, FOR THE PURPOSE OF AVOIDING PENALTIES THAT MAY&nbsp;BE IMPOSED ON THEM UNDER THE UNITED STATES INTERNAL REVENUE CODE OF&nbsp;1986, AS AMENDED; (B)&nbsp;SUCH DISCUSSION IS WRITTEN FOR USE IN CONNECTION WITH THE PROMOTION OR MARKETING OF THE TRANSACTIONS OR MATTERS ADDRESSED HEREIN; AND (C)&nbsp;SHAREHOLDERS SHOULD SEEK ADVICE BASED ON THEIR PARTICULAR CIRCUMSTANCES FROM AN INDEPENDENT TAX&nbsp;ADVISOR.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following is a summary of certain material U.S.&nbsp;federal income tax consequences of the disposition of Shares and SRP Rights by a U.S.&nbsp;Shareholder (as&nbsp;defined below) pursuant to the Offer. This summary is limited to persons that hold their Shares and SRP Rights as &#147;capital assets&#148; within the meaning of section&nbsp;1221 of the Code. The discussion does not cover all aspects of U.S.&nbsp;federal income taxation that may be relevant to the disposition of Shares and SRP Rights by particular investors, and it does not address state, local, U.S.&nbsp;estate or gift tax, or non-U.S. or other tax laws. This summary also does not address tax considerations applicable to investors that own (directly or indirectly, actually or constructively) 10% or more, by voting power or value, of Rainy River, nor does this summary discuss all of the U.S.&nbsp;tax considerations that may be relevant to certain types of investors subject to special treatment under the U.S.&nbsp;federal income tax laws (such as financial institutions, insurance companies, investors liable for the alternative minimum tax, individual retirement accounts and other tax-deferred accounts, tax-exempt organizations, dealers in securities or currencies, investors that will hold the Shares as part of straddles, hedging transactions or conversion transactions for U.S.&nbsp;federal income tax purposes or investors whose functional currency is not the U.S.&nbsp;dollar). The discussion does not address the U.S.&nbsp;federal income tax consequences to holders of Options or Warrants. U.S.&nbsp;Shareholders are urged to consult their own tax advisors with respect to the U.S.&nbsp;federal, state and local income taxes, U.S.&nbsp;estate and gift tax, and non-U.S. tax consequences to their particular situations of the Offer or other transactions described in Section&nbsp;9 of the Circular, &#147;Acquisition of Shares Not&nbsp;Deposited&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As used herein, the term &#147;<b>U.S.&nbsp;Shareholder</b>&#148; means a beneficial owner of Shares and SRP Rights that is (a)&nbsp;an individual citizen or resident of the United&nbsp;States for U.S. federal income tax purposes, (b)&nbsp;a corporation or other entity taxable as a corporation created or organized under the laws of the United&nbsp;States or any State thereof, (c)&nbsp;an estate the income of which is subject to U.S.&nbsp;federal income tax without regard to its source or (d)&nbsp;a trust if a court within the United&nbsp;States is able to exercise primary supervision over the administration of the trust and one or more U.S.&nbsp;persons have the authority to control all substantial decisions of the trust, or the trust has a valid election in effect to be treated as a domestic trust for U.S.&nbsp;federal income tax&nbsp;purposes.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The U.S.&nbsp;federal income tax treatment of a partner in a partnership (or&nbsp;an owner of a pass-through entity) that holds Shares and SRP Rights will depend on the status of the partner (or&nbsp;other owner) and the activities of the partnership (or&nbsp;pass-through entity). U.S.&nbsp;Shareholders that are partnerships or other pass-through entities should consult their own tax advisors concerning the U.S.&nbsp;federal income tax consequences to the entity and to its equity owners of the disposition of&nbsp;Shares and SRP Rights.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This summary is based on the tax laws of the United&nbsp;States, including the Internal Revenue Code of 1986, as amended (the&nbsp;&#147;<b>Code</b>&#148;), its legislative history, existing and proposed regulations thereunder, published rulings and court decisions, all as of the date hereof and all subject to change at any time, possibly with retroactive effect. No ruling will be requested from the Internal Revenue Service (the&nbsp;&#147;<b>IRS</b>&#148;) regarding the tax consequences of the Offer and there can be no assurance that the Internal Revenue Service will agree with the discussion set out&nbsp;below.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">THE SUMMARY OF U.S.&nbsp;FEDERAL INCOME TAX CONSEQUENCES SET OUT BELOW IS FOR GENERAL INFORMATION ONLY. ALL SHAREHOLDERS SHOULD CONSULT THEIR OWN TAX ADVISORS AS TO THE PARTICULAR TAX CONSEQUENCES TO THEM OF DISPOSING OF THE SHARES AND SRP RIGHTS,&nbsp;INCLUDING THE APPLICABILITY AND EFFECT OF STATE AND LOCAL INCOME TAXES, NON-U.S., ESTATE AND GIFT, AND OTHER TAX LAWS AND POSSIBLE CHANGES IN TAX&nbsp;LAW.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Potential Treatment of Rainy River as a PFIC</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Certain adverse U.S.&nbsp;federal income tax rules&nbsp;may apply to a U.S.&nbsp;Shareholder that owns or disposes of shares in a non-U.S.&nbsp;corporation that is treated as a passive foreign investment company (&#147;<b>PFIC</b>&#148;). Certain potential adverse U.S.&nbsp;federal income tax consequences if Rainy River has been a PFIC are discussed below under &#147;&#151;&nbsp;Passive Foreign Investment Company Considerations.&#148; If Rainy River is, or has been, a PFIC, the adverse U.S.&nbsp;federal income tax consequences described below may be mitigated if the U.S.&nbsp;Shareholder properly and timely made a valid qualified electing fund (&#147;<b>QEF</b>&#148;) or mark-to-market election with respect to its&nbsp;Shares.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">75<a name="PB_75_081918_6479"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='75',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-19.htm',USER='105933',CD='Jun 18 06:56 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Disposition of Shares and SRP Rights</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Disposition of Shares and SRP Rights for Cash or New Gold Shares</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subject to the PFIC rules&nbsp;discussed below, upon a disposition of Shares and SRP Rights in the Offer, a U.S.&nbsp;Shareholder generally will recognize capital gain or loss for U.S.&nbsp;federal income tax purposes equal to the difference, if any, between (a)&nbsp;the amount realized on the disposition and (b)&nbsp;the U.S.&nbsp;Shareholder&#146;s adjusted tax basis in the Shares and SRP Rights sold in the Offer. This capital gain or loss will be long-term capital gain or loss if the U.S.&nbsp;Shareholder&#146;s holding period in the Shares and SRP Rights exceeds one year. The amount realized on the disposition by a U.S.&nbsp;Shareholder will be the U.S.&nbsp;dollar value of the cash received plus the fair market value (in U.S.&nbsp;dollars) of any New Gold Shares received. A U.S.&nbsp;Shareholder&#146;s adjusted tax basis in a Share will generally be its U.S.&nbsp;dollar cost. The tax basis of a Share purchased with foreign currency will generally be the U.S.&nbsp;dollar value of the purchase price on the date of purchase, or the settlement date for the purchase, in the case of Shares traded on an established securities market, within the meaning of the applicable Treasury Regulations, that are purchased by a cash basis U.S.&nbsp;Shareholder (or&nbsp;an accrual basis U.S.&nbsp;Shareholder that so elects). Such an election by an accrual basis U.S.&nbsp;Shareholder must be applied consistently from year to year and cannot be revoked without the consent of the&nbsp;IRS.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any gain or loss recognized on the disposition of the Shares and SRP Rights will generally be U.S.&nbsp;source. Therefore, a U.S.&nbsp;Shareholder may have insufficient foreign source income to utilize foreign tax credits attributable to any Canadian withholding tax imposed on a disposition. U.S.&nbsp;Shareholders should consult their own tax advisors as to the availability of and limitations on any foreign tax credit attributable to this Canadian withholding&nbsp;tax.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Foreign Currency Gain or Loss on Receipt of Cash</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If a U.S. Shareholder using the cash method of accounting receives Canadian dollars pursuant to the Offer, the amount realized generally will equal the U.S. dollar value of the Canadian dollars received determined at the spot rate of exchange, likely on the date on which the U.S. Holder receives such payment, although possibly on the date such U.S. Shareholder&#146;s Shares are taken up by New Gold. If a U.S. Shareholder using the accrual method of accounting receives Canadian dollars pursuant to the Offer, the amount realized generally will equal the U.S. dollar value of the Canadian dollars to which such U.S. Shareholder becomes entitled, determined at the spot rate of exchange, likely on the date such U.S. Shareholder&#146;s Shares are taken up by New Gold. Generally, any gain or loss resulting from currency exchange fluctuations during the period from the date a U.S. Shareholder determines its amount realized to the date such amount in Canadian dollars is actually converted into U.S. dollars will be treated as ordinary income or loss.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Disposition of Shares and SRP Rights Pursuant to a Compulsory Acquisition</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The tax consequences to a U.S.&nbsp;Shareholder of a disposition of Shares and SRP Rights pursuant to a Compulsory Acquisition generally will be as described under the heading &#147;&#151;&nbsp;Disposition of Shares and SRP Rights for Cash or New Gold Shares.&#148; If, however, pursuant to a Compulsory Acquisition, the Court orders New Gold to buy Shares and SRP Rights from a Dissenting Offeree that is a U.S. Shareholder at a price different than that set forth in the Offer, the tax consequences to such U.S. Shareholder may be different than those discussed above. This summary does not describe the tax consequences of any such transaction to a U.S.&nbsp;Shareholder. U.S.&nbsp;Shareholders should consult their own tax advisors for advice with respect to the U.S.&nbsp;federal income tax consequences to them of having their Shares and SRP Rights acquired pursuant to a Compulsory Acquisition.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Disposition of Shares and SRP Rights Pursuant to a Compelled Acquisition</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As described under Section&nbsp;9 of the Circular, &#147;Acquisition of Shares Not Deposited&nbsp;&#151; Compelled Acquisition,&#148; a U.S.&nbsp;Shareholder may, in certain circumstances, have the right to require New Gold to purchase such U.S.&nbsp;Shareholder&#146;s Shares and SRP Rights pursuant to a Compelled Acquisition for the same price and on the same terms contained in the Offer. The tax consequences to a U.S.&nbsp;Shareholder of a disposition of Shares and SRP Rights pursuant to a Compelled Acquisition generally will be as described under the heading &#147;&#151;&nbsp;Disposition of Shares and SRP Rights for Cash or New Gold Shares.&#148; U.S.&nbsp;Shareholders should consult their own tax advisors for advice with respect to the U.S.&nbsp;federal income tax consequences to them of having their Shares and SRP Rights acquired pursuant to a Compelled Acquisition.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">76<a name="PB_76_081928_2639"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='76',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-19.htm',USER='105933',CD='Jun 18 06:56 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Disposition of Shares and SRP Rights Pursuant to a Subsequent Acquisition Transaction</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If New Gold is unable to effect a Compulsory Acquisition or if New Gold elects not to proceed with a Compulsory Acquisition, then New Gold may propose a Subsequent Acquisition Transaction as described in Section&nbsp;9 of the Circular, &#147;Acquisition of Shares Not Deposited&nbsp;&#151; Subsequent Acquisition Transaction.&#148; The U.S.&nbsp;federal income tax consequences resulting therefrom will depend upon the manner in which the transaction is carried out. Generally, if a U.S.&nbsp;Shareholder receives cash or New Gold Shares in exchange for Shares and SRP Rights, it is expected that the U.S.&nbsp;federal income tax consequences to the U.S.&nbsp;Shareholder will be substantially similar to the consequences described above under &#147;&#151;&nbsp;Disposition of Shares and SRP Rights for Cash or New Gold Shares.&#148; However, there can be no assurance that the U.S.&nbsp;federal income tax consequences of a Subsequent Acquisition Transaction will not be materially different. U.S.&nbsp;Shareholders should consult their own tax advisors with respect to the income tax consequences to them of having their Shares and SRP Rights acquired pursuant to a Subsequent Acquisition Transaction. This summary does not describe the tax consequences of any such transaction to a U.S.&nbsp;Shareholder.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Passive Foreign Investment Company Considerations</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In general, Rainy River would be a PFIC for any taxable year if, for such taxable year, 75% or more of its gross income constituted &#147;passive income&#148; (the&nbsp;&#147;income test&#148;) or 50% or more of the value of its assets (based on an average of the quarterly value of the assets during the taxable year) is attributable to assets that produced, or were held for the production of, passive income (the&nbsp;&#147;asset test&#148;). &#147;Passive income&#148; generally includes, among other things, dividends, interest, certain royalties, rents, and gains from commodities and securities transactions and from the sale or exchange of property that gives rise to passive income. For purposes of the PFIC income and asset tests described above, if Rainy River owns, directly or indirectly, 25% or more of the total value of the outstanding shares of another corporation, Rainy River will be treated as if it (a)&nbsp;held a proportionate share of the assets of such other corporation and (b)&nbsp;received directly a proportionate share of the income of such other corporation.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If Rainy River is or has been a PFIC during any year in which a U.S.&nbsp;Shareholder held Shares and the U.S.&nbsp;Shareholder did not timely elect to be taxable currently on its pro&nbsp;rata share of Rainy River&#146;s earnings under the QEF rules&nbsp;or to be taxed on a &#147;mark to market&#148; basis with respect to its Shares, any gain recognized by the U.S.&nbsp;Shareholder as a result of its participation in the Offer would be required to be allocated ratably to each day the U.S.&nbsp;Shareholder has held the Shares, with amounts allocated to the current taxable year and to any taxable year prior to the first taxable year in which Rainy River was a PFIC taxable as ordinary income rather than capital gain, and amounts allocable to each other year, beginning with the first year in such holding period during which Rainy River was a PFIC, taxable as ordinary income at the highest tax rate in effect for that year and subject to an interest charge at the rates applicable to deficiencies for income tax for those periods. In addition, if Rainy River is a PFIC and owns, directly or indirectly, shares of another foreign corporation that also is a PFIC, a disposition or deemed disposition of the shares of such other foreign corporation generally will be treated as an indirect disposition by a U.S.&nbsp;Shareholder, which generally will be subject to the PFIC&nbsp;rules.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Given the adverse tax consequences if the PFIC rules&nbsp;apply, U.S.&nbsp;Shareholders are urged to consult their own tax advisors regarding the consequences of Rainy River being classified as a PFIC, including the manner in which the PFIC rules&nbsp;may affect the U.S.&nbsp;federal income tax consequences of the disposition of the Shares, and whether the Shareholder can or should make any of the special elections (described below) under the PFIC rules&nbsp;with respect to&nbsp;Rainy River.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Qualified Electing Fund Election</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The adverse U.S.&nbsp;federal income tax consequences of owning shares of a PFIC (described above) generally may be mitigated if a U.S.&nbsp;Shareholder of the PFIC properly and timely made a valid QEF election with respect to the PFIC. If a PFIC has been a QEF as to a U.S.&nbsp;Shareholder for each of its tax years, which includes any portion of the U.S.&nbsp;Shareholder&#146;s holding period, the U.S.&nbsp;Shareholder&#146;s gain on disposing of the PFIC shares is not attributed to earlier years and the U.S.&nbsp;tax is not increased by any interest charge. Accordingly, a U.S.&nbsp;Shareholder making a timely and valid QEF election with respect to PFIC shares generally would recognize a capital gain or loss on the sale, exchange or other disposition of the&nbsp;shares.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Mark-to-Market Election</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In general, the adverse U.S.&nbsp;federal income tax consequences of owning shares of a PFIC (described above) also may be mitigated if a U.S.&nbsp;Shareholder of the PFIC properly and timely made a valid mark-to-market election with respect to such shares. A mark-to-market election may be made with respect to the shares of a PFIC if such shares are &#147;regularly traded&#148; on a &#147;qualified exchange or other market&#148; (within the meaning of the Code and the applicable Treasury Regulations).</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">77<a name="PB_77_081933_2794"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='77',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-19.htm',USER='105933',CD='Jun 18 06:56 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A U.S.&nbsp;Shareholder that makes a valid mark-to-market election with respect to shares of a PFIC at the beginning of the U.S.&nbsp;Holder&#146;s holding period for such shares generally will not be subject to the PFIC rules&nbsp;described above with respect to such shares. Instead, any gain recognized upon a disposition of the shares generally will be treated as ordinary income, and any loss recognized upon a disposition generally will be treated as an ordinary loss to the extent of net mark-to-market ordinary income recognized for all prior taxable years and any loss recognized in excess thereof will be taxed as a capital&nbsp;loss.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Certain Tax Consequences of Holding New Gold Shares Received in the Offer</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Distributions</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any distributions with respect to New Gold Shares are expected to be declared and paid in U.S.&nbsp;dollars. In the event that distributions are paid to U.S.&nbsp;Shareholders in a currency other than the U.S.&nbsp;dollar, such U.S.&nbsp;Shareholder will be treated as having received a distribution in an amount equal to the U.S.&nbsp;dollar value of the distribution at the time the distribution is made, in accordance with the exchange rate in effect on the date the distribution is properly included in income, and whether or not the other currency is converted into U.S.&nbsp;dollars at that time. Any gain or loss recognized by a U.S.&nbsp;Shareholder on a subsequent sale or exchange of the foreign currency will generally be United&nbsp;States source ordinary income or&nbsp;loss.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subject to the discussion under &#147;&#151;&nbsp;Status of New Gold as a PFIC&#148; below, the gross amount of any distribution (other than in liquidation) generally will be treated as a dividend to the extent paid out of New Gold&#146;s current or accumulated earnings and profits, as determined for U.S.&nbsp;federal income tax purposes, even though the U.S.&nbsp;Shareholder may receive only a portion of the gross amount after giving effect to the Canadian withholding tax as reduced by the Convention. Dividend income generally will be foreign source income and generally will be &#147;passive category income&#148; for U.S.&nbsp;foreign tax credit purposes. U.S.&nbsp;Shareholders are advised to consult their own tax advisors to determine the particular U.S.&nbsp;federal income tax treatment to them. Dividend income on the New Gold Shares held by certain non-corporate U.S.&nbsp;Shareholders, including individuals and certain estates and trusts, may be treated as &#147;qualified dividend income,&#148; provided the U.S.&nbsp;Shareholder satisfies the applicable holding period and other requirements with respect to the New Gold Shares. Qualified dividend income is subject to the same rates applicable to long-term capital gains. The reduced tax rate generally is available only with respect to dividends received from U.S.&nbsp;corporations and from non-U.S.&nbsp;corporations (a)&nbsp;that are eligible for the benefits of a comprehensive income tax treaty with the United&nbsp;States that the U.S.&nbsp;Treasury Department determines to be satisfactory and that contains an exchange of information program, or (b)&nbsp;whose stock is readily tradable on an established securities market in the United&nbsp;States. However, the reduced tax rate is not available with respect to dividends received from a foreign corporation that was a passive foreign investment company (as&nbsp;discussed below) in either the taxable year of the distribution or the preceding tax year. Generally, no dividends received deduction will be allowed with respect to dividends paid by New Gold. U.S.&nbsp;Shareholders are advised to consult their own tax advisors to determine the particular U.S.&nbsp;federal income tax treatment to them with respect to distributions taxed as dividends.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A distribution on the New Gold Shares made by New Gold in excess of New Gold&#146;s current or accumulated earnings and profits will be treated as a tax-free return of capital to the extent of a U.S.&nbsp;Shareholder&#146;s adjusted tax basis in the New Gold Shares and, to the extent in excess of adjusted basis, as capital gain from the sale of a capital asset. See &#147;&#151;&nbsp;Sale or Other Disposition of New Gold Shares&#148; regarding the U.S.&nbsp;federal tax consequences of such capital&nbsp;gains.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under the Convention, Canada currently imposes withholding tax on distributions to residents of the United&nbsp;States entitled to benefit under the Convention at a rate of 15%. U.S.&nbsp;Shareholders generally will have the option of claiming the amount of any Canadian income taxes withheld either as a deduction from gross income or as a dollar-for-dollar credit against their U.S.&nbsp;federal income tax liability, subject to numerous complex limitations and restrictions which must be determined and applied on an individual basis by each shareholder. Accordingly, U.S.&nbsp;Shareholders should consult their own tax advisors concerning these rules&nbsp;in light of their particular circumstances.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Sale or other Disposition of New Gold Shares</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Subject to the discussion found under &#147;&#151;&nbsp;Status of New Gold as a PFIC&#148; below, in general, if a U.S.&nbsp;Shareholder sells or otherwise disposes of New Gold Shares in a taxable disposition, the U.S.&nbsp;Shareholder will recognize capital gain or loss for U.S.&nbsp;federal income tax purposes equal to the difference, if any, between (a)&nbsp;the amount realized on the disposition and (b)&nbsp;the U.S.&nbsp;Shareholder&#146;s adjusted tax basis in the New Gold Shares sold. A U.S.&nbsp;Shareholder&#146;s tax basis in its New Gold Shares generally should be equal to the U.S.&nbsp;dollar value of the fair market value of the New Gold Shares as of the date the U.S.&nbsp;Shareholder receives the New Gold Shares. Any capital gain or loss recognized on the disposition will be long-term capital gain or loss if the U.S.&nbsp;Shareholder&#146;s holding period in the New Gold Shares exceeds one&nbsp;year.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">78<a name="PB_78_081940_8299"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='78',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-19.htm',USER='105933',CD='Jun 18 06:56 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any gain or loss will generally be U.S.&nbsp;source. Therefore, a U.S.&nbsp;Shareholder may have insufficient foreign source income to utilize foreign tax credits attributable to any Canadian withholding tax imposed on a disposition. U.S.&nbsp;Shareholders should consult their own tax advisors as to the availability of and limitations on any foreign tax credit attributable to any Canadian withholding&nbsp;tax.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If a U.S.&nbsp;Shareholder receives foreign currency on a sale or disposition of its New Gold Shares, the amount realized on a disposition of New Gold Shares will be the U.S.&nbsp;dollar value of the foreign currency, as determined on the settlement date of such sale or other taxable disposition, based on the applicable foreign exchange rate on that date. On the settlement date, the U.S.&nbsp;Shareholder will recognize U.S.-source foreign currency gain or loss (taxable as ordinary income or loss) equal to the difference (if&nbsp;any) between the U.S.&nbsp;dollar value of the cash received based on the exchange rates in effect on the date of disposition and the settlement date. However, in the case of New Gold Shares traded on an established securities market that are sold by a cash basis U.S.&nbsp;Shareholder (or&nbsp;an accrual basis U.S.&nbsp;Shareholder that so elects), the amount realized will be based on the exchange rate in effect on the settlement date for the sale, and no exchange gain or loss will be recognized at that&nbsp;time.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If a U.S.&nbsp;Shareholder is an accrual-basis taxpayer and does not elect to be treated as a cash-basis taxpayer for this purpose, the U.S.&nbsp;Shareholder might have a foreign currency gain or loss for U.S.&nbsp;federal income tax purposes. Any gain or loss would be equal to the difference between the U.S.&nbsp;dollar value of the foreign currency received on the date of the sale or other disposition and on the date of payment, if these dates are considered to be different for U.S.&nbsp;federal tax purposes. Any currency gain or loss generally would be treated as U.S.&nbsp;source ordinary income or loss and would be in addition to the gain or loss, if any, recognized in the sale or other disposition.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Status of New Gold as a PFIC</font></u></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The rules&nbsp;for determining whether an entity is considered a PFIC are described above in &#147;&#151;&nbsp;Passive Foreign Investment Company Considerations&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Based on a preliminary review, New Gold expects that it will not be classified as a PFIC during its current taxable year. However, there can be no assurance that this will actually be the case. The determination of PFIC status is fundamentally factual in nature, depends on the application of complex U.S.&nbsp;federal income tax rules&nbsp;which are subject to differing interpretations, and generally cannot be determined until the close of the taxable year in question. As a result, New Gold&#146;s status in the current and future years will depend on the composition of New Gold&#146;s gross income, New Gold&#146;s assets and activities in those years and the market capitalization of New Gold as determined at the end of each calendar quarter, and there can be no assurance that New Gold will or will not be considered a PFIC for any taxable&nbsp;year.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If New Gold is or will be treated as a PFIC for any taxable year during a U.S.&nbsp;Shareholder&#146;s holding period of New Gold Shares, the tax consequences to a U.S.&nbsp;Shareholder of a disposition of its New Gold Shares in such circumstances generally will be as described above in &#147;&#151;&nbsp;Passive Foreign Investment Company Considerations.&#148; A U.S.&nbsp;Shareholder&#146;s ownership of shares in a PFIC generally must be reported by filing Form&nbsp;8621 with the U.S.&nbsp;Shareholder&#146;s annual U.S.&nbsp;federal income tax return. Every U.S.&nbsp;Shareholder that is a shareholder in a PFIC must file an annual report containing such information as may be required by the U.S.&nbsp;Department of the&nbsp;Treasury.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Each U.S.&nbsp;Shareholder should consult its own tax advisor regarding the status of New Gold as a PFIC, the possible effect of the PFIC rules&nbsp;on such holder, as well as the availability of any election that may be available to such holder to mitigate adverse U.S.&nbsp;federal income tax consequences of holding shares in a&nbsp;PFIC.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Additional Tax on Passive Income</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Non-</font><font size="2" style="font-size:10.0pt;">corporate U.S. Shareholders with income that exceeds certain thresholds generally are subject to a 3.8% tax on unearned income, including, among other things, capital gains from the taxable disposition of Rainy River or New Gold Shares and distributions with respect to New Gold Shares, subject to certain limitations and exceptions. U.S. Shareholders should consult their own tax advisors regarding the effect, if any, of this tax on their ownership and disposition of Rainy River or New Gold Shares.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Backup Withholding and Information Reporting</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Payments on the disposition of the Shares and SRP Rights, by a U.S.&nbsp;paying agent or other U.S.&nbsp;intermediary, will be reported to the IRS and to the U.S.&nbsp;Shareholder as may be required under applicable regulations. Backup withholding at a </font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">79<a name="PB_79_081955_8247"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='79',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-19.htm',USER='105933',CD='Jun 18 06:56 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">rate of 28% may apply to these payments if the U.S.&nbsp;Shareholder fails to provide an accurate taxpayer identification number or certification of exempt status or fails to report all interest and dividends required to be shown on its U.S.&nbsp;federal income tax&nbsp;returns.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Additionally, dividends paid with respect to New Gold Shares and payments of the proceeds from a sale or other disposition of New Gold Shares may be subject to backup withholding if the U.S.&nbsp;Shareholder fails to provide an accurate taxpayer identification number or certification of exempt status or fails to report all interest and dividends required to be shown on its U.S.&nbsp;federal income tax returns. Such dividends and proceeds may be subject to information reporting. Certain U.S.&nbsp;Shareholders are not subject to backup withholding.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Backup withholding is not an additional tax. Rather, any amount withheld under the backup withholding rules&nbsp;will be creditable or refundable against the U.S.&nbsp;Shareholder&#146;s U.S. federal income tax liability, provided the required information is furnished to the IRS by filing a tax return. U.S.&nbsp;Shareholders are encouraged to consult their own tax advisors as to their qualification for exemption from backup withholding and the procedure for obtaining such&nbsp;exemption.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under U.S.&nbsp;federal income tax law and Treasury Regulations, certain categories of U.S.&nbsp;Shareholders must file information returns with respect to their investment in, or involvement in, a foreign corporation. For example, U.S.&nbsp;Shareholders that hold certain specified foreign financial assets in excess of certain threshold amounts must comply with certain reporting requirements. The definition of specified foreign financial assets includes not only financial accounts maintained in foreign financial institutions, but also, unless held in accounts maintained by a financial institution, any shares or security issued by a non-U.S.&nbsp;person, any financial instrument or contract held for investment that has an issuer or counterparty other than a U.S.&nbsp;person and any interest in a foreign entity. U.S.&nbsp;Shareholders may be subject to these reporting requirements unless their Shares are held in an account at certain financial institutions. Penalties for failure to file certain of these information returns are substantial. U.S.&nbsp;Shareholders should consult with their own tax advisors regarding the requirements of filing information returns.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">21.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Shareholder Rights Plan</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rainy River and Computershare Investor Services Inc., as rights agent, entered into a shareholder rights plan agreement dated February&nbsp;6, 2012 governing the terms of the Shareholder Rights Plan. The following is a summary of certain provisions of the Shareholder Rights Plan. This summary does not purport to be complete and is subject to, and is qualified in its entirety by reference to, the provisions of the Shareholder Rights Plan. The shareholder rights plan agreement has been filed by Rainy River under its profile on SEDAR at www.sedar.com.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the Shareholder Rights Plan and subject to its terms, Rainy River issued one right (an &#147;<b>SRP Right</b>&#148;) in respect of each outstanding Share and authorized the issuance of one SRP Right in respect of each Share issued thereafter.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The SRP Rights are attached to the Shares and are not exercisable until the &#147;<b>Separation Time</b>&#148;, which is defined under the Shareholder Rights Plan to mean the close of business (Toronto time) on the tenth Trading Day (as defined in the Shareholder Rights Plan) after the earliest of: (a)&nbsp;the date of first public announcement of facts indicating that a person has become an Acquiring Person; (b)&nbsp;the date of the commencement of, or first public announcement of the intent of any person to commence, a take-over bid other than a Permitted Bid or a Competing Permitted Bid (as defined in the Shareholder Rights Plan); and (c)&nbsp;the date that a Permitted Bid or Competing Permitted Bid ceases to be such, or such later date as may be determined by the Rainy River Board; provided that, among other things, if the Rainy River Board determines to waive the application of the plan to a Flip-in Event (discussed below), then the Separation Time in respect of such Flip-in Event will be deemed to never have occurred.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Until the Separation Time (or the earlier redemption, expiration or termination of the SRP Rights), the SRP Rights will be evidenced by the certificates representing the associated Shares and will be transferable only together with, and will be transferred by a transfer of, the associated Shares. From and after the Separation Time, the SRP Rights may be exercised and will be registered and transferable independent of Shares. Promptly after the Separation Time, separate certificates evidencing the SRP Rights, together with disclosure statements describing the SRP Rights, are required to be mailed to holders of record of Shares as of the Separation Time (other than an Acquiring Person or in respect of any SRP Rights beneficially owned by an Acquiring Person).</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">After the Separation Time, each SRP Right entitles the holder thereof to purchase one Share at $100.00 (the &#147;<b>SRP Exercise Price</b>&#148;) (subject to adjustment in certain circumstances). Pursuant to the Shareholder Rights Plan, if a transaction or event (a &#147;<b>Flip-in Event</b>&#148;) results in a person (other than certain exempt persons) becoming the Beneficial Owner (as defined </font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">80<a name="PB_80_082010_5893"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='80',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-19.htm',USER='105933',CD='Jun 18 06:56 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">in the Shareholder Rights Plan) of 20% or more of the outstanding Shares other than as a result of certain exempt transactions (including acquisitions pursuant to a Permitted Bid or Competing Permitted Bid) (an &#147;<b>Acquiring Person</b>&#148;), then, effective at the close of business (Toronto time) on the tenth Business Day (as defined in the Shareholder Rights Plan) after the date of first public announcement by Rainy River or the Acquiring Person of facts indicating that the Acquiring Person has become such, each SRP Right constitutes the right to purchase from Rainy River upon exercise thereof that number of Shares having an aggregate Market Price on the date of consummation or occurrence of such Flip-in Event equal to twice the SRP Exercise Price for a cash amount equal to the SRP Exercise Price, subject to adjustment in certain circumstances (thereby effectively creating the right to purchase Shares at a 50% discount). However, SRP Rights held by an Acquiring Person, or certain parties related to an Acquiring Person or acting jointly or in concert with an Acquiring Person and certain transferees, become void upon the occurrence of a Flip-in Event. The result would be to significantly dilute the shareholdings of any such acquirer. &#147;<b>Market Price</b>&#148; per security for a security on any date means the average of the daily closing prices per security for such security on each of the 20 consecutive Trading Days through and including the Trading Day immediately preceding such date (subject to adjustment in certain circumstances).</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Shareholder Rights Plan contains exemptions in relation to certain types of transactions, including Permitted Bids. A &#147;<b>Permitted Bid</b>&#148; is a take-over bid which, among other things, is made to all Shareholders of record, remains open for at least 60 days and provides that no Shares may be taken up unless more than 50% of the aggregate of the then outstanding Shares held by Independent Shareholders (meaning the holders of Shares other than certain persons, including any Acquiring Person, any offeror, any affiliate or associate of any Acquiring Person or offeror and any person acting jointly or in concert with any such Acquiring Person, offeror, affiliate or associate) have been deposited and not withdrawn. Once this condition has been satisfied, the offeror under a Permitted Bid must make a public announcement of that fact and extend the bid for a period of not less than ten days from the date of such public announcement.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Rainy River Board has the discretion, prior to the occurrence of a Flip-in Event that would occur as a result of a take-over bid made by means of a take-over bid circular sent to all holders of record of Shares, to waive the application of the plan to such Flip-in Event, provided that such waiver shall be deemed to constitute a waiver of the application of the plan to any other Flip-in Event occurring by reason of any take-over bid made by means of a take-over bid circular sent to all holders of record of Shares that is made (a)&nbsp;prior to the granting of such a waiver, or (b)&nbsp;thereafter and prior to the expiry of any take-over bid in respect of which a waiver is, or is deemed to have been, granted. Subject to the prior consent of Shareholders or holders of SRP Rights obtained in accordance with the Shareholder Rights Plan, the Rainy River Board also has the right, at any time prior to the occurrence of a Flip-in Event, to redeem all (but not less than all) of the then outstanding SRP Rights at a redemption price of $0.00001 per SRP Right, subject to certain adjustments.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Offer is not a Permitted Bid for the purposes of the Shareholder Rights Plan. However, New Gold&#146;s obligation to take up and pay for Shares under the Offer is conditional upon Rainy River having waived, suspended the operation of or otherwise rendered the Shareholder Rights Plan inoperative or ineffective as regards to the Offer. See Section&nbsp;4 of the Offer, &#147;Conditions of the Offer&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Rainy River has advised New Gold that the Rainy River Board has waived the application of the Shareholder Rights Plan in regards to the Offer. While New Gold has no reason to believe that the Rainy River Board will terminate or vary this waiver, no assurances can be given by New Gold in this regard.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">22.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Other Matters Related to the Offer</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Depositary</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Computershare Trust Company of Canada has been retained by New Gold to act as the Depositary to receive deposits of certificates and DRS Advices representing Shares and accompanying Letters of Transmittal deposited under the Offer at its office in Toronto, Ontario specified in the Letter of Transmittal. The Depositary will also receive deposits of Notices of Guaranteed Delivery at its office in Toronto, Ontario specified in the Notice of Guaranteed Delivery. In addition, the Depositary will receive documentation at its office in Toronto, Ontario specified in the Letter of Transmittal in relation to Shareholders accepting the Offer through book-entry transfer. The Depositary will also be responsible for giving certain notices, if required by applicable Laws, and for making payment for all Shares purchased by New Gold under the Offer. The Depositary will receive reasonable and customary compensation from New Gold for its services in connection with the Offer, will be reimbursed for certain out-of-pocket expenses and will be indemnified against certain liabilities, including liabilities under securities laws, and expenses in connection therewith. Contact information for the Depositary is provided on the back cover of this&nbsp;document.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">81<a name="PB_81_082017_9862"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='81',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-19.htm',USER='105933',CD='Jun 18 06:56 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Information Agent</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Kingsdale Shareholder Services&nbsp;Inc. has been retained by New Gold to act as the Information Agent to provide a resource for information for Shareholders in connection with the Offer. The Information Agent will receive reasonable and customary compensation from New Gold for its services in connection with the Offer, will be reimbursed for certain out-of-pocket expenses and will be indemnified against certain liabilities and expenses in connection therewith. Contact information for the Information Agent is provided on the back cover of this&nbsp;document.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Financial Advisor and Soliciting Dealer Group</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">RBC Capital Markets has been retained to act as financial advisor to New Gold with respect to the&nbsp;Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold reserves the right to form&nbsp;a soliciting dealer group (the&nbsp;&#147;<b>Soliciting Dealer Group</b>&#148;) comprised of members of the Investment Industry Regulatory Organization of Canada and members of Canadian stock exchanges (each, a &#147;<b>Soliciting Dealer</b>&#148;) to solicit acceptances of the Offer from persons resident in Canada. If New Gold decides to make use of the services of a Soliciting Dealer, New Gold may pay such Soliciting Dealer a fee customary for such services for each Share deposited and taken up by New Gold under the Offer (other than Shares held by a member of a Soliciting Dealer Group for its own account). New Gold may require Soliciting Dealers to furnish evidence of the beneficial ownership satisfactory to it at the time of&nbsp;deposit.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Shareholders will not be required to pay any fee or commission if they accept the Offer by depositing their Shares directly with the Depositary. However, an investment advisor, stockbroker, bank, trust company or other nominee through whom a Shareholder owns Shares may charge a fee to tender Shares on behalf of the Shareholder. Shareholders should consult their investment advisor, stockbroker, bank, trust company or other nominee, as applicable, to determine whether any charges will&nbsp;apply.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Legal Matters</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Certain legal matters on behalf of New Gold will be passed upon by, and the opinions contained under Section&nbsp;19 of the Circular, &#147;Certain Canadian Federal Income Tax Considerations&#148; have been provided by, Cassels, Toronto, Ontario, Canadian counsel to New Gold. Certain legal matters on behalf of New Gold will also be passed upon by Paul, Weiss, Toronto, Ontario, U.S.&nbsp;counsel to New Gold.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Experts</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As at the date of the Offer, the partners and associates of Cassels beneficially own, directly or indirectly, less than 1% of the securities of each of New Gold, Rainy River and their respective associates and&nbsp;affiliates.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The audited consolidated financial statements of New Gold as at and for each of the years ended December&nbsp;31, 2012 and 2011 and related notes incorporated by reference herein have been audited by Deloitte LLP,&nbsp;Independent Registered Chartered Accountants, Licensed Public Accountants, who are independent with respect to New Gold within the meaning of the Rules&nbsp;of Professional Conduct of the Institute of Chartered Accountants of Ontario.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The scientific and technical information in the Offer and Circular and the documents incorporated by reference herein has been reviewed and approved by Mark Petersen, a Qualified Person under NI 43-101 and an officer of New Gold. As at the date of the Offer, Mr.&nbsp;Petersen beneficially owns, directly or indirectly, less than 1% of the securities of each of New Gold, Rainy River and their respective associates and affiliates.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">23.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Stock Exchange Listing Application</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The TSX has conditionally approved the listing of the New Gold Shares to be issued in connection with the Offer, subject to New Gold fulfilling all of the requirements of the TSX within one business day of the take-up and payment for Shares under the Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold has applied to list the New Gold Shares issuable under the Offer on the NYSE MKT. Such listing will be subject to New Gold fulfilling all of the listing requirements of the NYSE MKT.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">82<a name="PB_82_082022_9111"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='82',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-19.htm',USER='105933',CD='Jun 18 06:56 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">24.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Documents Incorporated by Reference</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following documents, filed by New Gold with the various securities commissions or similar authorities in Canada, are specifically incorporated by reference in, and form an integral part of, the Offer and&nbsp;Circular:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Annual Information Form&nbsp;of New Gold for the financial year ended December&nbsp;31,&nbsp;2012, filed on SEDAR on March&nbsp;27, 2013;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">audited consolidated financial statements of New Gold as at and for the years ended December&nbsp;31, 2012 and 2011 and related notes, together with the independent registered chartered accountants&#146; report thereon, filed on SEDAR on February&nbsp;28, 2013;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Management&#146;s Discussion and Analysis for the audited consolidated financial statements of New Gold as at and for the years ended December&nbsp;31, 2012 and 2011, filed on SEDAR on February&nbsp;28, 2013;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">unaudited interim condensed consolidated financial statements of New Gold as at and for the quarters ended March&nbsp;31, 2013 and 2012 and related notes, filed on SEDAR on May&nbsp;1, 2013;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Management&#146;s Discussion and Analysis for the unaudited interim condensed consolidated financial statements of New Gold as at and for the quarters ended March&nbsp;31, 2013 and 2012, filed on SEDAR on May&nbsp;1, 2013;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Management Information Circular of New Gold dated March&nbsp;22, 2013, prepared in connection with New Gold&#146;s annual meeting of shareholders held on May&nbsp;1, 2013, filed on SEDAR on March&nbsp;28, 2013;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Material Change Report of New Gold, relating to the announcement by New Gold that it has eliminated certain legacy gold hedges, filed on SEDAR on May&nbsp;16, 2013; and</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Material Change Report of New Gold, relating to the joint announcement by New Gold and Rainy River that they have entered into the Acquisition Agreement and of New Gold&#146;s intention to make the Offer, filed on SEDAR on June&nbsp;6, 2013.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Information has been incorporated by reference in the Offer and Circular from documents filed with securities commissions or similar authorities in Canada. Copies of the documents incorporated herein by reference may be obtained on request without charge from the Corporate Secretary of New Gold at Suite&nbsp;3120, 200 Bay Street, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J4, telephone 416-324-6000, and are also available electronically on SEDAR at www.sedar.com.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Any documents of the type referred to above (excluding confidential material change reports), and any business acquisition reports, filed by New Gold with the securities commissions or similar authorities in each jurisdiction of Canada in which New Gold is a reporting issuer subsequent to the date of the Offer and Circular and prior to the Expiry Time shall be deemed to be incorporated by reference into the Offer and Circular. Any statement contained in the Offer and Circular or in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for the purposes of the Offer and Circular to the extent that a statement contained herein or in any other subsequently filed document which also is, or is deemed to be, incorporated by reference herein modifies or supersedes such statement. The modifying or superseding statement need not state that it has modified or superseded a prior statement or include any other information set forth in the document or statement that it modifies or supersedes. The making of a modifying or superseding statement shall not be deemed an admission for any purposes that the modified or superseded statement, when made, constituted a misrepresentation, an untrue statement of a material fact or an omission to state a material fact that was required to be stated or that was necessary to make a statement not misleading in light of the circumstances in which it was made. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of the Offer and&nbsp;Circular.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">25.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Registration Statement Filed with the SEC</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A registration statement on Form&nbsp;F-10 under the U.S.&nbsp;Securities Act, which covers the New Gold Shares to be issued pursuant to the Offer, has been filed with the SEC. The registration statement, including exhibits, is available to the public free of charge at the SEC&#146;s website at www.sec.gov. The following documents have been filed with the SEC as </font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">83<a name="PB_83_082044_2270"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='83',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-19.htm',USER='105933',CD='Jun 18 06:56 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">exhibits to the registration statement: the Offer and Circular; the news release relating to the entering into of the Acquisition Agreement; the news release relating to the formal commencement of the Offer; the documents referred to in Section&nbsp;24 of the Circular, &#147;Documents Incorporated by Reference&#148;; the consent of Cassels; the consent of Deloitte&nbsp;LLP; the consents of certain experts, engineers and geologists; the powers of attorney from directors and certain officers of New Gold; the Letter of Transmittal; the Notice of Guaranteed Delivery; the letter sent to Shareholders in connection with the Offer; the Acquisition Agreement; and the Lock-Up Agreements.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-35.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">26.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Statutory Rights</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Securities legislation in the provinces and territories of Canada provides Shareholders with, in addition to any other rights they may have at law, one or more rights of rescission, price revision or to damages, if there is a misrepresentation in a circular or notice that is required to be delivered to the Shareholders. However, such rights must be exercised within prescribed time limits. Shareholders should refer to the applicable provisions of the securities legislation of their province or territory for particulars of those rights or consult a&nbsp;lawyer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">27.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Directors&#146; Approval</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The contents of the Offer and the Circular have been approved, and the sending, communication or delivery thereof to the Shareholders has been authorized, by the board of directors of New Gold.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">84<a name="PB_84_082049_6952"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='84',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-19.htm',USER='105933',CD='Jun 18 06:56 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CONSENT OF COUNSEL</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To: The Directors of New Gold Inc.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We hereby consent to the reference to our name and opinion contained under &#147;Certain Canadian Federal Income Tax Considerations&#148; in the circular accompanying the offer dated June&nbsp;18, 2013 made by New Gold Inc. to the holders of common shares of Rainy River Resources Ltd.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="51%" valign="top" style="padding:0in 0in 0in 0in;width:51.4%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.6%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(signed)   <i>Cassels Brock&nbsp;&amp; Blackwell LLP</i></font></p>    </td>   </tr>
<tr>
<td width="51%" valign="top" style="padding:0in 0in 0in 0in;width:51.4%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.6%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="51%" valign="top" style="padding:0in 0in 0in 0in;width:51.4%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.6%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CASSELS   BROCK&nbsp;&amp; BLACKWELL LLP</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Toronto, Ontario, Canada</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;18, 2013</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">85<a name="PB_85_082115_9801"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='85',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-19.htm',USER='105933',CD='Jun 18 06:56 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CERTIFICATE OF NEW GOLD INC.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The foregoing contains no untrue statement of a material fact and does not omit to state a material fact that is required to be stated or that is necessary to make a statement not misleading in the light of the circumstances in which it was made.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">DATED: June&nbsp;18, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div align="center">
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.94%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Signed) ROBERT GALLAGHER</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.92%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Signed) BRIAN PENNY</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.94%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">President and Chief Executive Officer</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.92%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Executive Vice President and Chief Financial Officer</font></p>    </td>   </tr>  </table>
</div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On Behalf of the Board of Directors</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div align="center">
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.94%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Signed) RANDALL OLIPHANT</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.92%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Signed) JAMES ESTEY</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.94%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Executive Chairman and Director</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.92%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>    </td>   </tr>  </table>
</div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">86<a name="PB_86_082154_2440"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='86',FILE='C:\JMS\105933\13-14720-1\task6100611\14720-1-ka-19.htm',USER='105933',CD='Jun 18 06:56 2013' -->


<br clear="all" style="page-break-before:always;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The Depositary for the Offer is:</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="365" height="70" src="g147201ka21i001.jpg" alt="GRAPHIC"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div align="center">
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.94%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">By Mail</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.92%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">By Registered Mail, by Hand or by Courier</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.94%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">P.O.&nbsp;Box&nbsp;702</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.92%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">100&nbsp;University Avenue</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.94%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">31&nbsp;Adelaide Street East</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.92%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8th Floor</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.94%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Toronto, Ontario M5C&nbsp;3H2</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.92%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Toronto, Ontario M5J&nbsp;2Y1</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.94%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Attention: Corporate Actions</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.92%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Attention: Corporate Actions</font></p>    </td>   </tr>  </table>
</div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Toll Free: 1-800-564-6253</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">E-mail: corporateactions@computershare.com</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The Information Agent for the Offer is:</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="337" height="65" src="g147201ka21i002.jpg" alt="GRAPHIC"></font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Exchange Tower</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">130&nbsp;King Street West, Suite&nbsp;2950, P.O.&nbsp;Box&nbsp;361</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Toronto, Ontario M5X&nbsp;1E2</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">North American Toll Free Phone:</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1-888-518-6796</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">E-mail: contactus@kingsdaleshareholder.com</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Facsimile: (416)&nbsp;867-2271</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Toll Free Facsimile: 1-866-545-5580</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Outside North America, Banks and Brokers Call Collect: (416)&nbsp;867-2272</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Any questions or requests for assistance or additional copies of the Offer and Circular, the Letter of Transmittal or the Notice of Guaranteed Delivery may be directed to the Depositary or the Information Agent. Shareholders may also contact their investment advisor, stockbroker, bank, trust company or other nominee for assistance concerning the&nbsp;Offer.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\106406\13-14720-1\task6098921\14720-1-ka-21.htm',USER='106406',CD='Jun 15 08:23 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1.2
<SEQUENCE>3
<FILENAME>a13-14720_1ex1d2.htm
<DESCRIPTION>EX-1.2
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 1.2</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">THE INSTRUCTIONS ACCOMPANYING THIS LETTER OF TRANSMITTAL AND ELECTION FORM&nbsp;SHOULD BE READ CAREFULLY BEFORE THIS LETTER OF TRANSMITTAL AND ELECTION FORM&nbsp;IS COMPLETED. THIS LETTER OF TRANSMITTAL AND ELECTION FORM&nbsp;IS FOR USE IN ACCEPTING THE OFFER BY NEW GOLD INC. TO PURCHASE ALL OUTSTANDING COMMON SHARES (INCLUDING ASSOCIATED RIGHTS UNDER THE SHAREHOLDER RIGHTS PLAN) OF RAINY RIVER RESOURCES LTD.</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">LETTER OF TRANSMITTAL AND ELECTION FORM</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">for the deposit of Shares and SRP Rights</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">of</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RAINY RIVER RESOURCES LTD.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">under the Offer dated June&nbsp;18, 2013 made by</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NEW GOLD INC.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THE OFFER IS OPEN FOR ACCEPTANCE UNTIL 5:00&nbsp;P.M. (TORONTO TIME) ON JULY 24, 2013 (THE &#147;EXPIRY TIME&#148;) UNLESS THE OFFER IS EXTENDED OR WITHDRAWN.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">USE THIS LETTER OF TRANSMITTAL AND ELECTION FORM&nbsp;IF:</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">YOU WISH TO ACCEPT THE OFFER AND ARE DEPOSITING COMMON SHARE CERTIFICATE(S)/DRS ADVICE AND,&nbsp;IF APPLICABLE, RIGHTS CERTIFICATE(S);</font></b></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">2.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">YOU ARE ACCEPTING THE OFFER USING THE PROCEDURES FOR BOOK-ENTRY TRANSFER WITH DTC AND DO NOT HAVE AN AGENT&#146;S MESSAGE; OR</font></b></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">3.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">YOU PREVIOUSLY DEPOSITED SHARES AND/OR SRP RIGHTS PURSUANT TO A NOTICE OF GUARANTEED DELIVERY.</font></b></p>
<p style="margin:0in 0in .0001pt .75in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Letter of Transmittal and Election Form&nbsp;(the &#147;<b>Letter of Transmittal</b>&#148;), or a manually executed facsimile hereof, properly completed and executed, together with all other required documents, is to be used to deposit common shares (the &#147;<b>Shares</b>&#148;), of Rainy River Resources Ltd. (&#147;<b>Rainy River</b>&#148;) under the offer dated June&nbsp;18, 2013 (the &#147;<b>Offer</b>&#148;) made by New Gold Inc. (&#147;<b>New Gold</b>&#148;) to purchase, upon and subject to the terms and conditions of the Offer, all of the issued and outstanding Shares, including all Shares that may become issued and outstanding after the date of the Offer but before the Expiry Time upon the exercise, exchange or conversion of Options and Warrants (as such terms are defined in the Offer and Circular, as defined below), together with any SRP Rights (as such term is defined in the Offer and Circular) attached to such Shares pursuant to the Shareholder Rights Plan (as such term is defined in the Offer and Circular), and must be received by Computershare Trust Company of Canada (the &#147;<b>Depositary</b>&#148;) at or prior to the Expiry Time at its office specified below.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the Offer, holders of Shares (the &#147;<b>Shareholders</b>&#148;) may elect to receive, for each Share (including associated SRP Right) held, either (a)&nbsp;$3.83 in cash (the &#147;<b>Cash Option</b>&#148;) or (b)&nbsp;0.5 of a common share&#160; (each whole common share, a &#147;<b>New Gold Share</b>&#148;) of New Gold (the &#147;<b>Share Option</b>&#148;), in each case subject to pro ration as described in the Offer and Circular. Each Shareholder may elect the Cash Option or the Share Option in respect of all of such Shareholder&#146;s Shares (including associated SRP Rights) deposited under the Offer. A Shareholder may not apportion such Shareholder&#146;s Shares (including associated SRP Rights) between the consideration alternatives.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">A SHAREHOLDER DEPOSITING SHARES (INCLUDING ASSOCIATED SRP RIGHTS) USING THIS LETTER OF TRANSMITTAL MUST ELECT ONE OF THE CONSIDERATION ALTERNATIVES IN BOX 3 BELOW. A SHAREHOLDER WHO FAILS TO PROPERLY MAKE THE ELECTION IN BOX 3 BELOW WILL BE DEEMED TO HAVE ELECTED THE CASH OPTION FOR ALL OF SUCH SHAREHOLDER&#146;S SHARES&#160; (INCLUDING ASSOCIATED SRP RIGHTS) DEPOSITED UNDER THE OFFER. IF A SHAREHOLDER DELIVERED A NOTICE OF GUARANTEED DELIVERY IN RESPECT OF SHARES (INCLUDING ASSOCIATED SRP RIGHTS) DEPOSITED WITH THIS LETTER OF TRANSMITTAL, THE ELECTION (OR DEEMED ELECTION) MADE IN THAT NOTICE OF</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1<a name="PB_1_075350_7056"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='1',FILE='C:\JMS\105933\13-14720-1\task6100721\14720-1-kb-01.htm',USER='105933',CD='Jun 18 08:21 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">GUARANTEED DELIVERY AS TO THE CONSIDERATION TO BE RECEIVED UNDER THE OFFER WILL SUPERSEDE ANY ELECTION MADE IN THIS LETTER OF TRANSMITTAL.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The maximum amount of cash available under the Offer is approximately $198 million and the maximum number of New Gold Shares available for issuance under the Offer is approximately 25.8 million New Gold Shares (based on the number of Shares outstanding on a fully-diluted basis as at May&nbsp;30, 2013). If all Shareholders deposited their Shares (including associated SRP Rights) and elected the Cash Option or all Shareholders deposited their Shares (including associated SRP Rights) and elected the Share Option, each Shareholder would be entitled to receive approximately $1.91 in cash and 0.25 of a New Gold Share for each Share (including associated SRP Right) deposited, subject to adjustment for fractional shares.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders can also accept the Offer by following the procedures for book-entry transfer set forth in Section&nbsp;3 of the Offer, &#147;Manner of Acceptance &#151; Acceptance by Book-Entry Transfer&#148;. A Shareholder accepting the Offer by following the procedures for book-entry transfer does not need to use this Letter of Transmittal unless such Shareholder is following the procedures for book-entry transfer with DTC and does not have an accompanying Agent&#146;s Message. A Shareholder who utilizes DTC to accept the Offer by causing DTC to deliver an Agent&#146;s Message of the book-entry transfer of such Shareholder&#146;s Shares (including associated SRP Rights) will be bound by the terms of this Letter of Transmittal as if executed by such Shareholder. Shareholders who utilize CDSX to accept the Offer through a book-entry transfer will be deemed to have completed and submitted a Letter of Transmittal and be bound by the terms hereof. Accordingly, where Shares (including associated SRP Rights) are deposited by way of book-entry transfer without delivery of an executed Letter of Transmittal, unless the context otherwise requires, references herein to the &#147;undersigned&#148; are to the person on whose behalf that book-entry transfer is made (notwithstanding that such person has not executed a Letter of Transmittal).</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If a Shareholder wishes to deposit Shares (including associated SRP Rights) under the Offer and (a)&nbsp;the certificate(s)&nbsp;representing the Shares/DRS Advice and/or if the Separation Time (as defined in the Shareholder Rights Plan) has occurred prior to the Expiry Time, certificate(s)&nbsp;evidencing the SRP Rights (the &#147;<b>Rights Certificates</b>&#148;) is (are) not immediately available, (b)&nbsp;the Shareholder cannot complete the procedure for book-entry transfer of the Shares on a timely basis, (c)&nbsp;the certificate(s)/DRS Advice and all other required documents cannot be delivered to the Depositary prior to the Expiry Time, or (d)&nbsp;if the Separation Time has occurred prior to the Expiry Time but Rights Certificates have not been distributed to Shareholders prior to the Expiry Time, those Shares (including associated SRP Rights) may nevertheless be deposited under the Offer in compliance with the procedures for guaranteed delivery set forth in Section&nbsp;3 of the Offer, &#147;Manner of Acceptance &#151; Procedure for Guaranteed Delivery&#148; by using the accompanying Notice of Guaranteed Delivery (printed on PINK paper) or a manually executed facsimile thereof,&#160; accompanying the Offer and Circular. See Instruction 2 below, &#147;Procedure for Guaranteed Delivery&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The terms and conditions of the Offer are incorporated by reference in this Letter of Transmittal. Capitalized terms used but not defined in this Letter of Transmittal which are defined in the Offer and related circular dated June&nbsp;18, 2013 (the &#147;<b>Offer and Circular</b>&#148;) have the respective meanings ascribed thereto in the Offer and Circular. All dollar references in this Letter of Transmittal refer to Canadian dollars, except where otherwise indicated.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As used herein, the term &#147;<b>U.S. Shareholder</b>&#148; means a beneficial owner of Shares that is (a)&nbsp;an individual citizen or resident of the United States, for U.S. federal income tax purposes, (b)&nbsp;a corporation, partnership or other entity taxable as a corporation or partnership created or organized under the laws of the United States or any State thereof, (c)&nbsp;an estate the income of which is subject to U.S. federal income tax without regard to its source or (d)&nbsp;a trust if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more U.S. persons have the authority to control all substantial decisions of the trust, or the trust has elected to be treated as a domestic trust for U.S. federal income tax purposes.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Questions or requests for assistance in accepting the Offer, completing this Letter of Transmittal and depositing Shares (including associated SRP Rights) with the Depositary may be directed to the Depositary or the Information Agent. Their contact details are provided at the end of this document. Shareholders whose Shares are registered in the name of an investment advisor, stockbroker, bank, trust company or other nominee should immediately contact that nominee for assistance if they wish to accept the Offer in order to take the necessary steps to be able to deposit such Shares (including associated SRP Rights) under the Offer.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2<a name="PB_2_075403_5335"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='2',FILE='C:\JMS\105933\13-14720-1\task6100721\14720-1-kb-01.htm',USER='105933',CD='Jun 18 08:21 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">DELIVERY OF THIS LETTER OF TRANSMITTAL TO AN ADDRESS OTHER THAN THE ADDRESS OF THE DEPOSITARY SET FORTH BELOW WILL NOT CONSTITUTE A VALID DELIVERY TO THE DEPOSITARY.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">YOU MUST SIGN THIS LETTER OF TRANSMITTAL IN THE APPROPRIATE SPACE PROVIDED BELOW AND IF YOU ARE A U.S. SHAREHOLDER, YOU MUST ALSO COMPLETE THE FORM&nbsp;W-9 SET FORTH BELOW (SEE INSTRUCTION 7 BELOW, &#147;FORM&nbsp;W-9 FOR U.S. SHAREHOLDERS ONLY&#148;). IF YOU HAVE A U.S. ADDRESS, BUT ARE NOT A U.S. SHAREHOLDER, PLEASE SEE INSTRUCTION 7 BELOW.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3<a name="PB_3_075409_5796"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='3',FILE='C:\JMS\105933\13-14720-1\task6100721\14720-1-kb-01.htm',USER='105933',CD='Jun 18 08:21 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Please read carefully the Instructions set forth below before completing this Letter of Transmittal.</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="10%" valign="top" style="padding:0in 0in 0in 0in;width:10.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TO:</font></b></p>    </td>
<td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NEW GOLD INC.</font></b></p>    </td>   </tr>
<tr>
<td width="10%" valign="top" style="padding:0in 0in 0in 0in;width:10.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="10%" valign="top" style="padding:0in 0in 0in 0in;width:10.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">AND TO:</font></b></p>    </td>
<td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">COMPUTERSHARE TRUST COMPANY OF   CANADA</font></b></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned delivers to you the enclosed certificate(s)&nbsp;representing Shares/DRS Advice deposited under the Offer. Subject only to the withdrawal rights in respect of the Shares described in the Offer and Circular or available at Law, the undersigned irrevocably accepts the Offer for such Shares upon the terms and conditions contained in the Offer and this Letter of Transmittal. The following are the details of the enclosed certificate(s)/DRS Advice:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Box 1<br> SHARES<br> (Please print or type. If space is insufficient, please attach a list to<br> this Letter of Transmittal in the form below.)</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="28%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:28.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Certificate&nbsp;Number(s)/DRS<br>   Advice&nbsp;Statement<br>   Number(s)<br>   (if&nbsp;available)*</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="23%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:23.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Name(s)&nbsp;in&nbsp;Which<br>   Share(s)&nbsp;is&nbsp;(are)<br>   Registered&nbsp;(fill&nbsp;in&nbsp;exactly&nbsp;as<br>   name(s)&nbsp;appear(s)&nbsp;on<br>   certificate(s)/DRS&nbsp;Advice)</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="20%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:20.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Number&nbsp;of&nbsp;Shares<br>   Represented&nbsp;by<br>   Certificate(s)/DRS&nbsp;Advice*</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="20%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:20.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Number&nbsp;of<br>   Shares&nbsp;Deposited**</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="28%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:28.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="23%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:23.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="20%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:20.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="20%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:20.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="28%" valign="bottom" style="padding:0in 0in 0in 0in;width:28.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="23%" valign="bottom" style="padding:0in 0in 0in 0in;width:23.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TOTAL:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="20%" valign="bottom" style="padding:0in 0in 0in 0in;width:20.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="20%" valign="bottom" style="padding:0in 0in 0in 0in;width:20.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><hr size="1" width="25%" noshade color="black" align="left"></div>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">You do not need to complete these columns in respect of Shares deposited by book-entry transfer.</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Unless otherwise indicated, the total number of Shares evidenced by all certificates/DRS Advice delivered will be deemed to have been deposited. See Instruction 6 below, &#147;Partial Deposits&#148;.</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned understands that by depositing the Shares to the Offer, the undersigned will be deemed to have deposited associated SRP Rights. Shareholders are required to deposit one SRP Right for each Share in order to effect a valid deposit of such Share or, if available, a Book-Entry Confirmation must be received by the Depositary with respect thereto. No additional payment will be made for SRP Rights and no amount of the consideration to be paid by New Gold will be allocated by New Gold to SRP Rights. The following are the details of the enclosed certificate(s):</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Box 2<br> SRP RIGHTS*<br> (Please print or type. If space is insufficient, please attach a list to<br> this Letter of Transmittal in the form below.)</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="28%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:28.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Certificate&nbsp;Number(s)&nbsp;(if<br>   available)*</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="23%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:23.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Name(s)&nbsp;in&nbsp;Which<br>   Share(s)&nbsp;is&nbsp;(are)<br>   Registered&nbsp;(fill&nbsp;in&nbsp;exactly&nbsp;as<br>   name(s)&nbsp;appear(s)&nbsp;on<br>   certificate(s))</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="20%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:20.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Number&nbsp;of&nbsp;SRP&nbsp;Rights<br>   Represented&nbsp;by<br>   Certificate(s)**</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="20%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:20.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Number&nbsp;of<br>   SRP&nbsp;Rights&nbsp;Deposited***</font></b></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="28%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:28.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="23%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:23.0%;">
<p align="right" style="margin:0in 0in .0001pt 10.0pt;text-align:right;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="20%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:20.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="20%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:20.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="28%" valign="bottom" style="padding:0in 0in 0in 0in;width:28.5%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="23%" valign="bottom" style="padding:0in 0in 0in 0in;width:23.0%;">
<p align="right" style="margin:0in 0in .0001pt 10.0pt;text-align:right;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TOTAL:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="20%" valign="bottom" style="padding:0in 0in 0in 0in;width:20.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="20%" valign="bottom" style="padding:0in 0in 0in 0in;width:20.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="1%" valign="bottom" style="padding:0in 0in 0in 0in;width:1.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="1" width="25%" noshade color="black" align="left"></div>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">* Need not be completed if the Separation Time has not occurred prior to the Expiry Time.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4<a name="PB_4_075637_2897"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='4',FILE='C:\JMS\105933\13-14720-1\task6100721\14720-1-kb-01.htm',USER='105933',CD='Jun 18 08:21 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">You do not need to complete these columns in respect of SRP Rights deposited by book-entry transfer.</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">***</font><font size="1" style="font-size:3.0pt;">&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Unless otherwise indicated, the total number of SRP Rights evidenced by all certificates delivered will be deemed to have been deposited. See Instruction 6 below, &#147;Partial Deposits&#148;.</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following procedures must be followed in order to effect the valid deposit of SRP Rights:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the Separation Time does not occur prior to the Expiry Time, a deposit of Shares will also constitute a deposit of the associated SRP Rights. If the Separation Time occurs prior to the Expiry Time and Rights Certificates are distributed to Shareholders prior to the time that a Shareholder deposits its Shares pursuant to the Offer, in order for the Shares to be validly deposited, Rights Certificate(s)&nbsp;representing SRP Rights equal in number to the number of Shares deposited must be delivered to the Depositary. If the Separation Time occurs prior to the Expiry Time and Rights Certificates have not been distributed to Shareholders by the time that a Shareholder deposits its Shares pursuant to the Offer, the Shareholder may deposit its SRP Rights prior to receiving Rights Certificate(s)&nbsp;by using the procedures for guaranteed delivery described herein. In any case, a deposit of Shares constitutes an agreement by the Shareholder to deliver Rights Certificate(s)&nbsp;representing the associated SRP Rights to the Depositary prior to 5:00&nbsp;p.m. (Toronto time) on the third trading day on the TSX after the date, if any, that Rights Certificates are distributed to Shareholders. New Gold reserves the right to require, if the Separation Time occurs prior to the Expiry Time, that the Depositary receives Rights Certificate(s)&nbsp;from a Shareholder representing such SRP Rights prior to New Gold taking up the Deposited Shares (as defined below) for payment pursuant to the Offer.</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Box 3<br> ELECTION FOR CASH OR NEW GOLD SHARES<br> (Shareholders must choose only <u>ONE</u> of the Alternatives below.)</font></b></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under the Offer, the undersigned may elect the Cash Option or the Share Option with respect to all of the Shares deposited under the Offer with this Letter of Transmittal (or book-entry transfer, as applicable) (together with any SRP Rights attached to such Shares, the &#147;<b>Deposited Shares</b>&#148;). The undersigned may not apportion the Deposited Shares between the Cash Option and the Share Option. The undersigned hereby elects as follows:</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b><font size="2" style="font-size:10.0pt;font-weight:bold;">ALTERNATIVE A: CASH OPTION</font></b></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders who check this box will receive $3.83 cash for each Share (including associated SRP Right) deposited under the Offer (subject to pro ration, as described in the Offer and Circular).</font></p>
<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">OR</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b><font size="2" style="font-size:10.0pt;font-weight:bold;">ALTERNATIVE B: SHARE OPTION</font></b></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders who check this box will receive 0.5 of a New Gold Share for each Share (including associated SRP Right) deposited under the Offer (subject to pro ration, as described in the Offer and Circular).</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">If the undersigned fails to properly elect one of the Alternatives set out above, the undersigned will be deemed to have elected the Cash Option for all of the Deposited Shares.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No fractional New Gold Shares will be issued under the Offer. Any Shareholder who would otherwise be entitled to receive a fractional New Gold Share will receive the applicable number of New Gold Shares, rounded down to the nearest whole number, and cash in lieu of the fractional New Gold Share, rounded down to the nearest whole cent.</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">IF A SHAREHOLDER DELIVERED A NOTICE OF GUARANTEED DELIVERY IN RESPECT OF SHARES DEPOSITED WITH THIS LETTER OF TRANSMITTAL, THE ELECTION (OR DEEMED ELECTION) MADE IN THAT NOTICE OF GUARANTEED DELIVERY AS TO THE CONSIDERATION TO BE RECEIVED UNDER THE OFFER WILL SUPERSEDE ANY ELECTION MADE IN THIS LETTER OF TRANSMITTAL. SEE INSTRUCTION 2 BELOW, &#147;PROCEDURE FOR GUARANTEED DELIVERY&#148;.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5<a name="PB_5_075742_3020"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='5',FILE='C:\JMS\105933\13-14720-1\task6100721\14720-1-kb-01.htm',USER='105933',CD='Jun 18 08:21 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Box 4<br> TAX ELECTION</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To be completed by an Eligible Holder if such Eligible Holder has an interest in making and filing an income tax election (a &#147;<b>Tax Election</b>&#148;) pursuant to subsection 85(1)&nbsp;or 85(2)&nbsp;of the <i>Income Tax Act </i>(Canada) (and in each case, where applicable, the corresponding provisions of any applicable provincial income tax legislation) with respect to the transfer of its Shares to New Gold pursuant to the Offer.</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">For information as to whether you should make a Tax Election, please see the Circular under the heading &#147;Certain Canadian Federal Income Tax Considerations &#151; Residents of Canada &#151; Disposition of Shares Under the Offer &#151; Exchange of Shares for New Gold Shares Only or a Combination of New Gold Shares and Cash &#151; Tax Election&#148;.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Compliance with the requirements to ensure a valid election is filed under subsection 85(1)&nbsp;or (2)&nbsp;of the Tax Act (and, where applicable, a valid election is filed under the corresponding provisions of any applicable provincial tax legislation) will be the sole responsibility of the Eligible Holder making such election, and such Eligible Holder will be solely responsible for the payment of any taxes, interest, penalties, damages or expenses arising in respect of any late filed Tax Election.&#160; <b>Accordingly, New Gold will not be responsible or liable for taxes, interest, penalties, damages or expenses resulting from the failure by anyone to properly complete any election form or to properly file it within the time prescribed and in the form prescribed under the Tax Act (or the corresponding provisions of any applicable provincial tax legislation). New Gold reserves the right not to execute and return to a Shareholder for filing any tax election form sent to it that is not fully completed and signed by an Eligible Holder.</b>&#160; Any Eligible Holder who does not ensure that the duly completed election forms have been received by New Gold on or before the day that is 45 days after the Take-Up Date for the Shares will not be able to benefit from the rollover provisions in section 85 of the Tax Act (or the corresponding provisions of any applicable provincial tax legislation).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By checking the box below, the undersigned (i)&nbsp;represents that the Shareholder depositing the Deposited Shares is an Eligible Holder, (ii)&nbsp;acknowledges that it is the Shareholder&#146;s responsibility to complete the appropriate tax election form(s)&nbsp;and send two copies of the completed election form(s)&nbsp;to New Gold in accordance with the procedures set out in the tax instruction letter (which can be obtained from the New Gold website at www.newgold.com) on or before 45 days after the Take-Up Date for the Shares, and (iii)&nbsp;acknowledges that it is the Shareholder&#146;s responsibility to file the tax election form with the Canada Revenue Agency (and, where applicable, any provincial tax authority) once it is returned to the Shareholder by New Gold and pay any applicable late filing penalties.</font></p>
<p style="margin:0in 0in .0001pt 35.1pt;text-indent:-35.1pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 35.1pt;text-indent:-35.1pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Check here if you are an Eligible Holder and you wish to further elect to make a joint tax election with New Gold under subsection 85(1)&nbsp;or (2)&nbsp;of the Tax Act (and the corresponding provisions of any applicable provincial tax legislation).<b> It is the Eligible Holder&#146;s responsibility to take the steps required to make a valid tax election.</b></font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned acknowledges receipt of the Offer and Circular and acknowledges and agrees that:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the deposit of Shares (including associated SRP Rights) under the Offer will constitute a binding agreement between the undersigned and New Gold, upon and subject to the terms and conditions of the Offer and this Letter of Transmittal;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the deposit of Shares constitutes an agreement by the undersigned to deliver Rights Certificate(s)&nbsp;representing the associated SRP Rights, to the Depositary prior to 5:00&nbsp;p.m. (Toronto time) on the third trading day on the TSX after the date, if any, that Rights Certificate(s)&nbsp;are distributed to the undersigned; and</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">New Gold reserves the right to require, if a Separation Time occurs prior to the Expiry Time, that the Depositary receives Rights Certificate(s)&nbsp;from the undersigned representing SRP Rights prior to New Gold taking up the Deposited Shares for payment pursuant to the Offer.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6<a name="PB_6_075801_7748"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='6',FILE='C:\JMS\105933\13-14720-1\task6100721\14720-1-kb-01.htm',USER='105933',CD='Jun 18 08:21 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned represents and warrants that:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the undersigned has full power and authority to deposit, sell, assign and transfer (i)&nbsp;the Deposited Shares, and (ii)&nbsp;all rights and benefits arising from such Deposited Shares, including, without limitation, any and all dividends, distributions, payments, securities, property, rights or other interests that may be declared, paid, accrued, issued, distributed, made or transferred on or in respect of the Deposited Shares or any of them on and after the date of the Offer, including, without limitation, any dividends, distributions or payments on such dividends, distributions, payments, securities, property, rights or other interests (collectively, &#147;<b>Distributions</b>&#148;);</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the undersigned owns the Deposited Shares;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Deposited Shares and Distributions have not been sold, assigned or transferred, nor has any agreement been entered into to sell, assign or transfer any of the Deposited Shares and Distributions, to any other person;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the deposit of the Deposited Shares and Distributions complies with applicable Laws; and</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">when the Deposited Shares and Distributions are taken up and paid for by New Gold, New Gold will acquire good title thereto, free and clear of all liens, restrictions, charges, encumbrances, claims and rights of others.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">IN CONSIDERATION OF THE OFFER AND FOR VALUE RECEIVED</font></b><font size="2" style="font-size:10.0pt;">, upon the terms and subject to the conditions set forth in the Offer and in this Letter of Transmittal, subject only to the withdrawal rights in respect of the Shares described in the Offer or available at Law, the undersigned irrevocably accepts the Offer for and in respect of the Deposited Shares and (unless the deposit is made pursuant to the procedure for book-entry transfer set forth in Section&nbsp;3 of the Offer, &#147;Manner of Acceptance &#151; Acceptance by Book-Entry Transfer&#148;) delivers to New Gold the enclosed Share (including associated SRP Right) certificate(s)/DRS Advice representing the Deposited Shares and deposits, sells, assigns and transfers to New Gold all right, title and interest in and to the Deposited Shares, and in and to all rights and benefits arising from the Deposited Shares and any and all Distributions.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned acknowledges that under certain circumstances New Gold may, among other things, (i)&nbsp;vary, extend or terminate the Offer (see Section&nbsp;5 of the Offer, &#147;Extension, Variation or Change in the Offer&#148;), or (ii)&nbsp;make such adjustments as it considers appropriate to the Purchase Price and other terms of the Offer to reflect any changes on or after the date of the Offer in the Shares (including associated SRP Rights) or Rainy River&#146;s capitalization (see Section&nbsp;9 of the Offer, &#147;Changes in Capitalization; Adjustments; Liens&#148;). In addition, the undersigned acknowledges that if, on or after the date of the Offer, Rainy River should declare, set aside or pay any dividend or other Distribution, which is payable or distributable to Shareholders on a record date prior to the date of transfer into the name of New Gold or its nominee or transferee on the securities registers maintained by or on behalf of Rainy River in respect of Shares (including associated SRP Rights) accepted for purchase under the Offer, then New Gold may reduce the Purchase Price per share payable pursuant to the Offer or the undersigned may be required to promptly transfer to New Gold such Distributions, all in accordance with the terms of the Offer (see Section&nbsp;3 of the Offer, &#147;Manner of Acceptance &#151; Dividends and Distributions&#148;).</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned irrevocably constitutes and appoints effective at and after the time (the &#147;<b>Effective Time</b>&#148;) that New Gold takes up the Deposited Shares, New Gold, each director and officer of New Gold and any other person designated by New Gold in writing, as the true and lawful agent, attorney, attorney-in-fact and proxy of the holder of the Deposited Shares with respect to the Deposited Shares, including any Distributions, with full power of substitution (such power of attorney, being coupled with an interest, being irrevocable), in the name of and on behalf of such Shareholder:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">to register or record the transfer and/or cancellation of such Deposited Shares (including any Distributions to the extent consisting of securities) on the appropriate registers maintained by or on behalf of Rainy River;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">to exercise any and all rights of such Deposited Shares including, without limitation, the right to vote any and all of such Deposited Shares, the right to execute and deliver (provided the same is </font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7<a name="PB_7_075832_141"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='7',FILE='C:\JMS\105933\13-14720-1\task6100721\14720-1-kb-01.htm',USER='105933',CD='Jun 18 08:21 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">not contrary to applicable laws), as and when requested by New Gold, any and all instruments of proxy, authorizations, requisitions, resolutions (whether in writing or otherwise and including any counterparts thereof), consents and directions in form and on terms satisfactory to New Gold in respect of any or all Deposited Shares, the right to revoke any such instruments, authorizations, requisitions, resolutions, consents or directions, given prior to or after the Effective Time, and the right to designate in any such instruments, authorizations, requisitions, resolutions, consents and directions, any person or persons as the proxy of such Shareholder in respect of such Deposited Shares for all purposes including, without limitation, in connection with any meeting or meetings (whether annual, special or otherwise, or any adjournments thereof, including, without limitation, any meeting to consider a Subsequent Acquisition Transaction) of holders of relevant securities of Rainy River;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">to execute, endorse and negotiate, for and in the name of and on behalf of such Shareholder, any and all cheques or other instruments representing any Distributions payable to or to the order of, or endorsed in favour of, such Shareholder and/or designate in any instruments of proxy any person(s)&nbsp;as the proxy or the proxy nominee(s)&nbsp;of such Shareholder in respect of such Distributions for all purposes; and</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">to exercise any other rights of a Shareholder with respect to such Deposited Shares (including any Distributions).</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned revokes any and all other authority, whether as agent, attorney, attorney-in-fact, proxy or otherwise, previously conferred or agreed to be conferred by the undersigned at any time with respect to the Deposited Shares, and agrees that no subsequent authority, whether as agent, attorney, attorney-in-fact, proxy or otherwise will be granted with respect to the Deposited Shares or any Distribution by or on behalf of the undersigned unless the Deposited Shares are not taken up and paid for in accordance with the terms of the Offer or are withdrawn in accordance with Section&nbsp;8 of the Offer, &#147;Withdrawal of Deposited Shares&#148;.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned also agrees not to vote any of the Deposited Shares at any meeting (whether annual, special or otherwise or any adjournment(s)&nbsp;or postponement(s)&nbsp;thereof, including, without limitation, any meeting to consider a Subsequent Acquisition Transaction) of holders of relevant securities of Rainy River and, except as may be agreed to by New Gold in writing, not to exercise any of the other rights or privileges attached to the Deposited Shares, and agrees to execute and deliver to New Gold any and all instruments of proxy, authorizations, consents and directions in respect of all or any of the Deposited Shares, and agrees to designate or appoint in any such instruments of proxy, authorizations, consents and directions the person or persons specified by New Gold as the proxy or proxy nominee or nominees of the holder of the Deposited Shares. <b>Upon such appointment, all prior proxies and other authorizations (including, without limitation, all appointments of any agent, attorney or attorney-in-fact) or consents given by the holder of such Deposited Shares with respect thereto will be revoked and no subsequent proxies or other authorization or consents may be given by such person with respect thereto.</b></font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned covenants to execute, upon request of New Gold, any additional documents, transfers and other assurances as may be necessary or desirable to complete the sale, assignment and transfer of the Deposited Shares to New Gold. Each authority herein conferred or agreed to be conferred is, to the extent permitted by applicable Laws, irrevocable and may be exercised during any subsequent legal incapacity of the undersigned and shall, to the extent permitted by applicable Laws, survive the death or incapacity, bankruptcy or insolvency of the undersigned and all obligations of the undersigned herein shall be binding upon the heirs, executors, administrators, attorneys, personal representatives, successors and assigns of the undersigned.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Depositary will act as the agent of persons who have deposited Shares (including associated SRP Rights) in acceptance of the Offer for the purposes of receiving payment from New Gold and transmitting such payment to such persons, and receipt of payment by the Depositary will be deemed to constitute receipt of payment by persons depositing Shares (including associated SRP Rights) under the Offer.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">All cash payments under the Offer will be made in Canadian dollars.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Settlement with each Shareholder who has deposited (and not withdrawn) Shares (including associated SRP Rights) under the Offer that have been taken up and accepted for payment will be made by the Depositary by </font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8<a name="PB_8_075853_7608"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='8',FILE='C:\JMS\105933\13-14720-1\task6100721\14720-1-kb-01.htm',USER='105933',CD='Jun 18 08:21 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">forwarding a DRS Advice representing New Gold Shares (or, in the case of Shares (including associated SRP Rights) deposited by book-entry transfer, the credit of New Gold Shares), issuing, or causing to be issued, a cheque (except for payments in excess of $25 million, which will be made by wire transfer (as described below)) payable in Canadian funds in the amount to which the Shareholder depositing Shares (including associated SRP Rights) is entitled and, if applicable, by crediting the New Gold Shares to the account at CDS or DTC, as applicable, from which such book-entry transfer was made.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Unless otherwise directed in this Letter of Transmittal, the cheque and, if applicable, the DRS Advice representing New Gold Shares (or, in the case of Shares (including associated SRP Rights) deposited by book-entry transfer, the credit of New Gold Shares) will be issued in the name of the registered holder of the Shares (including associated SRP Rights) so deposited. Unless the undersigned instructs the Depositary to hold the cheque and, if applicable, the DRS Advice representing New Gold Shares for pick-up by checking the appropriate box (Block D) in this Letter of Transmittal, the cheque and, if applicable, the DRS Advice representing New Gold Shares (except in the case of Shares (including associated SRP Rights) deposited by book-entry transfer) will be forwarded by first class mail to such Shareholder at the address specified in this Letter of Transmittal. If no such address is specified, the cheque and, if applicable, the DRS Advice representing New Gold Shares will be sent to the address of the registered holder as shown on the securities register maintained by or on behalf of Rainy River. Cheques and DRS Advice mailed in accordance with this paragraph will be deemed to be delivered at the time of mailing. Pursuant to applicable Laws, New Gold may, in certain circumstances, be required to make withholdings from the amount otherwise payable to a Shareholder. The undersigned understands and acknowledges that under no circumstances will interest accrue, or be paid by New Gold or the Depositary by reason of any delay in making payments for any Shares (including associated SRP Rights) to any person on account of Shares(including associated SRP Rights) accepted for payment under the Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to rules&nbsp;of the Canadian Payments Association, a $25 million ceiling has been established on cheques, bank drafts and other paper-based payments processed through Canada&#146;s clearing system. As a result, any payment to the undersigned in excess of $25 million will be effected by the Depositary by wire transfer in accordance with the Large Value Transfer System Rules&nbsp;established by the Canadian Payments Association. Accordingly, settlement with the undersigned involving a payment in excess of $25 million, if applicable, will be made only in accordance with wire transfer instructions provided by the undersigned to the Depositary in writing. In the event wire transfer instructions are required as set out above, the Depositary will contact the undersigned promptly following the Expiry Time for purposes of obtaining wire transfer instructions. Any delay in payment by the Depositary resulting from the provision by the undersigned of wire transfer instructions will not entitle the undersigned to interest or other compensation in addition to the amounts to which the undersigned is entitled under the Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any Deposited Shares that are not taken up and paid for by New Gold pursuant to the terms and conditions of the Offer for any reason will be returned, at New Gold&#146;s expense, to the depositing Shareholder as soon as practicable after the Expiry Time or withdrawal or termination of the Offer by either: (i)&nbsp;sending certificates/DRS Advice representing the Shares (including associated SRP Rights) not purchased by first class insured mail to the address of the depositing Shareholder specified in this Letter of Transmittal or, if such name or address is not so specified, in such name and to such address as shown on the securities register maintained by or on behalf of Rainy River; or (ii)&nbsp;in the case of Shares (including associated SRP Rights) deposited by book-entry transfer, pursuant to the procedures set out in Section&nbsp;3 of the Offer, &#147;Manner of Acceptance &#151; Acceptance by Book-Entry Transfer&#148;, crediting such Shares (including associated SRP Rights) to the account at CDS or DTC, as applicable, from which such book-entry transfer was made.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Shareholders will not be required to pay any fee or commission if they accept the Offer by depositing their Shares (including associated SRP Rights) directly with the Depositary.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By reason of the use by the undersigned of an English language form of Letter of Transmittal, the undersigned shall be deemed to have required that any contract evidenced by the Offer as accepted through this Letter of Transmittal, as well as all documents related thereto, be drawn exclusively in the English language. </font><i><font size="2" style="font-size:10.0pt;font-style:italic;">En</font></i><font size="2" style="font-size:10.0pt;">  <i>raison de l&#146;usage d&#146;une lettre d&#146;envoi en langue anglaise par le soussigne, le soussigne est repute avoir requis que tout contrat atteste par l&#146;offre et son acceptation par cette lettre d&#146;envoi, de meme que tous les documents qui s&#146;y rapportent, soient rediges exclusivement en langue anglaise.</i></font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9<a name="PB_9_075905_8146"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='9',FILE='C:\JMS\105933\13-14720-1\task6100721\14720-1-kb-01.htm',USER='105933',CD='Jun 18 08:21 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SHAREHOLDER INFORMATION AND INSTRUCTIONS</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Before signing this Letter of Transmittal&#160; please review carefully and complete the following boxes, as appropriate.</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">BLOCK A<br>   REGISTRATION AND PAYMENT<br>   INSTRUCTIONS</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">ISSUE SHARE   CERTIFICATE/DRS ADVICE<br>   REPRESENTING NEW GOLD SHARES<br>   AND/OR CHEQUE IN THE NAME OF:<br>   (please print or type)</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">BLOCK B<br>   DELIVERY INSTRUCTIONS</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SEND SHARE CERTIFICATE/DRS   ADVICE REPRESENTING NEW GOLD SHARES AND/OR CHEQUE</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Unless Block D is   checked) TO:</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;"> Same as address in Block A or to:</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Name)</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Name)</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Street Address and   Number)</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Street Address and   Number)</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(City and Province or   State)</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(City and Province or   State)</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Country and Postal (Zip)   Code)</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Country and Postal (Zip)   Code)</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Telephone &#151; Business   Hours)</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Telephone &#151; Business   Hours)</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Tax Identification,   Social Insurance or Social Security Number)</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Tax Identification,   Social Insurance or Social Security Number)</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">    <div style="margin:0in 0in .0001pt;"><hr size="1" width="50%" noshade color="black" align="left"></div>
<p style="margin:0in 0in .0001pt;"></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p style="margin:0in 0in .0001pt 10.1pt;text-indent:-10.1pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*&nbsp; The delivery instructions given in this   Block B will also be used to return certificate(s)/DRS Advice representing   Shares (including associated SRP Rights) if required for any reason.</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">BLOCK C<br>   TAXPAYER IDENTIFICATION NUMBER</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">U.S. residents/citizens must provide their   Taxpayer Identification Number</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" rowspan="5" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">BLOCK D<br>   SPECIAL PICK-UP INSTRUCTIONS</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;">&nbsp; HOLD SHARE   CERTIFICATE/DRS ADVICE REPRESENTING NEW GOLD SHARES AND/OR CHEQUE FOR PICK-UP   AT THE OFFICE OF THE DEPOSITARY WHERE THIS LETTER OF TRANSMITTAL IS DEPOSITED   (check box)</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Taxpayer Identification   Number)</font><font size="2" style="font-size:10.0pt;">  </font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If you are a U.S. Shareholder or are acting   on behalf of a U.S. Shareholder, in order to avoid backup withholding you   must complete the Form&nbsp;W-9 included below, or otherwise provide   certification that you are exempt from backup withholding. If you are not a   U.S. Shareholder, but have a U.S. address, you must provide a completed U.S.   Internal Revenue Service Form&nbsp;W-8 in order to avoid backup withholding.   See Instruction 7 below, &#147;Form&nbsp;W-9 for U.S. Shareholders Only&#148;, for   further details.</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10<a name="PB_10_080747_7091"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='10',FILE='C:\JMS\105933\13-14720-1\task6100721\14720-1-kb-01.htm',USER='105933',CD='Jun 18 08:21 2013' -->


<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">BLOCK E<br> DEPOSIT PURSUANT TO NOTICE OF GUARANTEED DELIVERY</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">CHECK HERE IF SHARES OR SRP RIGHTS ARE BEING DEPOSITED PURSUANT TO A NOTICE OF GUARANTEED DELIVERY PREVIOUSLY SENT TO THE OFFICE OF THE DEPOSITARY AND COMPLETE THE FOLLOWING: (please print or type)</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name of Registered Holder</font></p>    </td>
<td width="63%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:63.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="63%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:63.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date of Execution of Guaranteed Delivery</font></p>    </td>
<td width="63%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:63.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="63%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:63.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Window Ticket Number (if any)</font></p>    </td>
<td width="63%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:63.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="63%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:63.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="36%" valign="top" style="padding:0in 0in 0in 0in;width:36.66%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name of Institution which Guaranteed Delivery</font></p>    </td>
<td width="63%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:63.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">BLOCK F<br> U.S. SHAREHOLDERS &#151; TAX</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">INDICATE WHETHER OR NOT YOU ARE A U.S. SHAREHOLDER, ARE ACTING ON BEHALF OF A U.S. SHAREHOLDER OR HAVE A U.S. ADDRESS:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The person signing this Letter of Transmittal represents that it is not a U.S. Shareholder, is not acting on behalf of a U.S. Shareholder and does not have a U.S. address; or</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The person signing this Letter of Transmittal represents that it is a U.S. Shareholder, is acting on behalf of a U.S. Shareholder or has a U.S. address.</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">IF YOU ARE (I)&nbsp;A U.S. SHAREHOLDER, (II)&nbsp;ARE ACTING ON BEHALF OF A U.S. SHAREHOLDER OR (III)&nbsp;HAVE A U.S. ADDRESS, THEN IN ORDER TO AVOID BACK-UP WITHHOLDING YOU MUST COMPLETE AND SUBMIT TO THE DEPOSITARY THE FORM&nbsp;W-9 INCLUDED BELOW, OR OTHERWISE PROVIDE CERTIFICATION THAT YOU ARE EXEMPT FROM BACKUP WITHHOLDING, AS PROVIDED IN INSTRUCTION 7 BELOW. IF YOU REQUIRE A FORM&nbsp;W-8, PLEASE CONTACT THE DEPOSITARY.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11<a name="PB_11_081037_7056"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='11',FILE='C:\JMS\106200\13-14720-1\task6099102\14720-1-kb-03.htm',USER='106200',CD='Jun 15 13:19 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">BLOCK G<br> SHAREHOLDER SIGNATURE</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">By signing below, the Shareholder expressly agrees to the terms and conditions set forth above.</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Signature guaranteed by</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(if required under Instruction 3 below):</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.16%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dated:</font></p>    </td>
<td width="41%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:41.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Authorized Signature of   Guarantor</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" colspan="2" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Signature of Shareholder   or Authorized Representative</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(see Instructions 2, 3 and   4 below)</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name of Guarantor (please   print or type)</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" colspan="2" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name of Shareholder or   Authorized Representative</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(please print or type)</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Address of Guarantor   (please print or type)</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" colspan="2" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Daytime telephone number   and facsimile number of Shareholder or Authorized Representative</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Tax Identification, Social   Insurance or Social Security Number</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12<a name="PB_12_081146_5335"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='12',FILE='C:\JMS\106200\13-14720-1\task6099102\14720-1-kb-03.htm',USER='106200',CD='Jun 15 13:19 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">INSTRUCTIONS</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Use of Letter of Transmittal</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">This Letter of Transmittal, or a manually executed facsimile hereof, properly completed and executed, with the signature(s)&nbsp;guaranteed, if required by Instruction 3 below, together with the accompanying certificate(s)/DRS Advice representing the Deposited Shares (or, alternatively, Book-Entry Confirmation with respect thereto), and all other documents required by the terms of the Offer and this Letter of Transmittal must be received by the Depositary at its office specified in this Letter of Transmittal at or prior to the Expiry Time, unless the Offer is extended or withdrawn or unless the procedure for guaranteed delivery set out in Instruction 2 below is used.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The method used to deliver this Letter of Transmittal, any accompanying certificate(s)/DRS Advice representing Shares (including associated SRP Rights) and all other required documents is at the option and risk of the Shareholder depositing these documents. New Gold recommends that these documents be delivered by hand to the Depositary and that a receipt be obtained or, if mailed, that registered mail, with return receipt requested, be used and that proper insurance be obtained. It is suggested that any such mailing be made sufficiently in advance of the Expiry Time to permit delivery to the Depositary at or prior to the Expiry Time. Delivery will only be effective upon actual physical receipt by the Depositary.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Shareholders whose Shares (including associated SRP Rights) are registered in the name of an investment advisor, stockbroker, bank, trust company or other nominee should immediately contact such nominee for assistance in depositing their Shares (including associated SRP Rights).</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">2.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Procedure for Guaranteed Delivery</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If a Shareholder wishes to deposit Shares under the Offer and (i)&nbsp;the certificate(s)/DRS Advice representing the Shares and/or if the Separation Time has occurred prior to the Expiry Time, the Rights Certificate(s)&nbsp;is (are) not immediately available; (ii)&nbsp;the certificate(s)/DRS Advice and all other required documents cannot be delivered to the Depositary at or prior to the Expiry Time; or (iii)&nbsp;if the Separation Time has occurred prior to the Expiry Time but Rights Certificates have not been distributed to Shareholders prior to the Expiry Time, those Shares (including associated SRP Rights) may nevertheless be deposited validly under the Offer provided that all of the following conditions are met:</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the deposit is made by or through an Eligible Institution (as defined below);</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Notice of Guaranteed Delivery or a manually executed facsimile hereof, properly completed and executed, including the guarantee of delivery by an Eligible Institution in the form set out below, is received by the Depositary at its office in Toronto, Ontario specified in the Notice of Guaranteed Delivery at or prior to the Expiry Time;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the certificate(s)/DRS Advice representing all Deposited Shares, and if the Separation Time has occurred prior to the Expiry Time and Rights Certificates have been distributed to Shareholders prior to the Expiry Time, the Rights Certificates representing the associated SRP Rights, in proper form for transfer, together with a Letter of Transmittal, or a manually executed facsimile thereof, properly completed and executed, with the signatures guaranteed, if required, in accordance with the instructions set out in this Letter of Transmittal and all other documents required by the terms of the Offer and this Letter of Transmittal, are received by the Depositary at its office in Toronto, Ontario specified in this Letter of Transmittal at or prior to 5:00&nbsp;p.m. (Toronto time) on the third trading day on the TSX after the Expiry Time; and</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">if the Separation Time has occurred prior to the Expiry Time but Rights Certificates have not been distributed to Shareholders prior to the Expiry Time, the Rights Certificates representing the deposited SRP Rights, together with a Letter of Transmittal, or a manually executed facsimile thereof, properly completed and duly executed with signatures guaranteed if so required in accordance with this Letter of Transmittal, and all other documents required by this Letter of</font><font size="2" style="font-size:10.0pt;">  </font><font size="2" style="font-size:10.0pt;">Transmittal are received by the Depositary at its office set forth herein on or prior to 5:00&nbsp;p.m. </font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13<a name="PB_13_081233_5796"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='13',FILE='C:\JMS\106200\13-14720-1\task6099102\14720-1-kb-03.htm',USER='106200',CD='Jun 15 13:19 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Toronto time) on the third trading day on the TSX after the date, if any, that Rights Certificates are distributed to Shareholders.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">If a Shareholder delivered a Notice of Guaranteed Delivery in respect of Shares (including associated SRP Rights) deposited with this Letter of Transmittal, the election (or deemed election) made in that Notice of Guaranteed Delivery as to the consideration to be received will supersede any election made in this Letter of Transmittal.</font></b></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The Notice of Guaranteed Delivery must be delivered by hand or courier or transmitted by facsimile or mailed to the Depositary at its office in Toronto, Ontario specified in the Notice of Guaranteed Delivery at or prior to the Expiry Time and must include a guarantee by an Eligible Institution in the form set out in the Notice of Guaranteed Delivery. Delivery of the Notice of Guaranteed Delivery and this Letter of Transmittal and accompanying certificate(s)/DRS Advice representing Shares (including associated SRP Rights) and all other required documents to an address or transmission by facsimile number other than those specified in the Notice of Guaranteed Delivery does not constitute delivery for purposes of satisfying a guaranteed delivery.</font></b></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">An &#147;<b>Eligible Institution</b>&#148; means a Canadian Schedule 1 chartered bank, a major trust company in Canada, a member of the Securities Transfer Agent Medallion Program (STAMP), a member of the Stock Exchanges Medallion Program (SEMP) or a member of the New York Stock Exchange Inc. Medallion Signature Program (MSP). Members of these programs are usually members of a recognized stock exchange in Canada or the United States, members of the Investment Industry Regulatory Organization of Canada, members of the Financial Industry Regulatory Authority or banks and trust companies in the United States.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">3.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Signatures</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Letter of Transmittal must be completed and executed by the Shareholder accepting the Offer described above or by such Shareholder&#146;s duly authorized representative (in accordance with Instruction 4 below).</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">If this Letter of Transmittal is executed by the registered holder(s)&nbsp;of the accompanying certificate(s)/DRS Advice, such signature(s)&nbsp;on this Letter of Transmittal must correspond exactly with the name(s)&nbsp;as registered or as written on the face of such certificate(s)/DRS Advice without any change whatsoever, and the certificate(s)/DRS Advice need not be endorsed. If such deposited certificate(s)/DRS Advice are owned of record by two or more joint holders, all such holders must execute this Letter of Transmittal.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Notwithstanding Instruction 3(a), if this Letter of Transmittal is executed by a person other than the registered holder(s)&nbsp;of the accompanying certificate(s)/DRS Advice, or if this Letter of Transmittal is executed other than exactly as the name of the registered Shareholder appears on the share certificate/DRS Advice, or if the share certificate(s)/DRS Advice representing New Gold Shares (except in the case of Shares (including associated SRP Rights) deposited by book-entry transfer) and/or the cheque(s)&nbsp;is (are) to be issued or sent to a person other than the registered holder(s), or if the certificate(s)/DRS Advice representing Shares (including associated SRP Rights) in respect of which the Offer is not being accepted is (are) to be returned to a person other than such registered holder(s)&nbsp;or sent to an address other than the address of the registered holder(s)&nbsp;shown on the securities register maintained by or on behalf of Rainy River:</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the accompanying certificate(s)/DRS Advice must be endorsed or be accompanied by an appropriate share transfer power of attorney, in either case, duly and properly completed by the registered holder(s); and</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the signature on the endorsement panel or share transfer power of attorney must correspond exactly to the name(s)&nbsp;of the registered holder(s)&nbsp;as registered or as written on the face of the certificate(s)/DRS Advice, and must be guaranteed by an Eligible</font><font size="2" style="font-size:10.0pt;">  </font><font size="2" style="font-size:10.0pt;">Institution (except that no guarantee is required if the signature is that of an Eligible Institution).</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14<a name="PB_14_081245_2897"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='14',FILE='C:\JMS\106200\13-14720-1\task6099102\14720-1-kb-03.htm',USER='106200',CD='Jun 15 13:19 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">4.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Fiduciaries, Representatives and Authorizations</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Where this Letter of Transmittal is executed by a person as an executor, administrator, trustee or guardian, or on behalf of a corporation, partnership or association or is executed by any other person acting in a representative capacity, such person should so indicate when signing and this Letter of Transmittal must be accompanied by satisfactory evidence of the authority to act. Either New Gold or the Depositary, at its sole discretion, may require additional evidence of authority or additional documentation.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">5.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Delivery Instructions</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If any share certificate(s)/DRS Advice representing New Gold Shares (except in the case of Shares (including associated SRP Rights) deposited by book-entry transfer) and/or cheque(s)&nbsp;is (are) to be sent to or if certificate(s)/DRS Advice representing Shares (including associated SRP Rights) in respect of which the Offer is not being accepted is (are) are to be returned to someone at an address other than the address of the Shareholder as it appears in Block A on this Letter of Transmittal, entitled &#147;Registration and Payment Instructions&#148;, then Block B on this Letter of Transmittal, entitled &#147;Delivery Instructions&#148;, should be completed. If Block B is not completed, any share certificate(s)/DRS Advice representing New Gold Shares (except in the case of Shares (including associated SRP Rights) deposited by book-entry transfer) and/or cheque(s)&nbsp;will be mailed to the depositing Shareholder at the address of such Shareholder as it appears in Block A or, if no address is provided in Block A, then it will be mailed to the address of such Shareholder as it appears on the securities register maintained by or on behalf of Rainy River. Any share certificate(s)/DRS Advice and/or cheque(s)&nbsp;mailed in accordance with the terms of the Offer and this Letter of Transmittal will be deemed to be delivered at the time of mailing.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">6.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Partial Deposits</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If fewer than the total number of Shares (including associated SRP Rights) evidenced by any certificate(s)/DRS Advice submitted is to be deposited, fill in the number of Shares and SRP Rights to be deposited in the appropriate space in Box 1 and Box 2, entitled &#147;Shares&#148; and &#147;SRP Rights&#148;, as applicable, on this Letter of Transmittal. In such case, new certificate(s)/DRS Advice for the number of Shares (including associated SRP Rights) not deposited under the Offer will be sent to the registered holder as soon as practicable after the Expiry Time (unless such holder completes Block B on this Letter of Transmittal). The total number of Shares (including associated SRP Rights) evidenced by all certificates/DRS Advice delivered will be deemed to have been deposited unless otherwise indicated. <b>Note that this Instruction is not applicable to Shareholders who deposit their Shares (including associated SRP Rights) by book-entry transfer.</b></font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">7.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Form&nbsp;W-9 for U.S. Shareholders Only</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">United States federal income tax law generally requires a U.S. Shareholder who receives cash in exchange for Shares (including associated SRP Rights) to provide the Depositary with its correct Taxpayer Identification Number (&#147;<b>TIN</b>&#148;), which, in the case of a Shareholder who is an individual, is generally the individual&#146;s social security number. If the Depositary is not provided with the correct TIN or an adequate basis for an exemption, such holder may be subject to penalties imposed by the Internal Revenue Service and backup withholding in an amount equal to 28% of the gross proceeds of any payment received hereunder. If withholding results in an overpayment of taxes, a refund may be obtained by filing a U.S. tax return and complying with all other necessary requirements.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To prevent backup withholding, each U.S. Shareholder must provide its correct TIN by completing the Form&nbsp;W-9 set forth in this document, which requires the Shareholder to certify under penalties of perjury, (1)&nbsp;that the TIN provided is correct (or that such Shareholder is awaiting a TIN), (2)&nbsp;that (i)&nbsp;the Shareholder is exempt from backup withholding; (ii)&nbsp;the Shareholder has not been notified by the Internal Revenue Service that he is subject to backup withholding as a result of a failure to report all interest or dividends; or (iii)&nbsp;the Internal Revenue Service has notified the Shareholder that he is no longer subject to backup</font><font size="2" style="font-size:10.0pt;">  </font><font size="2" style="font-size:10.0pt;">withholding; and (3)&nbsp;that the Shareholder is a U.S. person for U.S. federal income tax purposes (including a U.S. resident alien).</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15<a name="PB_15_081304_3020"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='15',FILE='C:\JMS\106200\13-14720-1\task6099102\14720-1-kb-03.htm',USER='106200',CD='Jun 15 13:19 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Exempt holders (including, among others, all corporations) are not subject to backup withholding and reporting requirements. To prevent possible erroneous backup withholding, an exempt holder must enter its correct TIN on Form&nbsp;W-9, check the appropriate box for &#147;Exempt Payee&#148;, and sign and date the form. See the instructions on Form&nbsp;W-9 (the &#147;<b>W-9 Instructions</b>&#148;) for additional instructions.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If Shares (including associated SRP Rights) are held in more than one name or are not in the name of the actual owner, consult the enclosed W-9 Instructions for information on which TIN to report.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If a U.S. Shareholder does not have a TIN, such holder should: (i)&nbsp;consult the enclosed W-9 Instructions for instructions on applying for a TIN, (ii)&nbsp;write &#147;Applied For&#148; in the space for the TIN in the Form&nbsp;W-9; and (iii)&nbsp;sign and date the Form&nbsp;W-9. In such case, the Depositary may withhold 28% of the gross proceeds of any payment made to such holder prior to the time a properly certified TIN is provided to the Depositary, and if the Depositary is not provided with a TIN within sixty (60) days, such amounts will be paid over to the Internal Revenue Service.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If a Shareholder has a U.S. address, but is not a U.S. Shareholder, such holder is required to submit an appropriate and properly completed IRS Form&nbsp;W-8 Certificate of Foreign Status, signed under penalties of perjury. Such appropriate IRS Form&nbsp;W-8 may be obtained from the Depositary.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">A U.S. SHAREHOLDER WHO FAILS TO PROPERLY COMPLETE THE FORM&nbsp;W-9 SET FORTH IN THIS LETTER OF TRANSMITTAL OR A NON-U.S. SHAREHOLDER WHO HAS A U.S. ADDRESS AND FAILS TO PROPERLY COMPLETE THE APPROPRIATE IRS FORM&nbsp;W-8 MAY&nbsp;BE SUBJECT TO BACKUP WITHHOLDING OF 28% OF THE GROSS PROCEEDS OF ANY PAYMENTS MADE TO SUCH HOLDER PURSUANT TO THE OFFER. BACKUP WITHHOLDING IS NOT AN ADDITIONAL TAX. RATHER, THE TAX LIABILITY OF PERSONS SUBJECT TO BACKUP WITHHOLDING WILL BE REDUCED BY THE AMOUNT OF TAX WITHHELD. IF WITHHOLDING RESULTS IN AN OVERPAYMENT OF TAXES, A REFUND MAY&nbsp;BE OBTAINED BY FILING A TAX RETURN WITH THE IRS AND COMPLYING WITH ALL OTHER NECESSARY REQUIREMENTS. THE DEPOSITARY CANNOT REFUND AMOUNTS WITHHELD BY REASON OF BACKUP WITHHOLDING.</font></b></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TO ENSURE COMPLIANCE WITH U.S. TREASURY DEPARTMENT CIRCULAR 230, HOLDERS ARE HEREBY NOTIFIED THAT: (A)&nbsp;ANY DISCUSSION OF U.S. FEDERAL TAX ISSUES IN THIS DOCUMENT IS NOT INTENDED OR WRITTEN BY NEW GOLD TO BE USED, AND CANNOT BE USED, BY ANY TAXPAYER FOR THE PURPOSE OF AVOIDING PENALTIES THAT MAY&nbsp;BE IMPOSED ON THE TAXPAYER UNDER THE U.S. INTERNAL REVENUE CODE; (B)&nbsp;THESE DISCUSSIONS WERE WRITTEN IN CONNECTION WITH THE PROMOTION OR MARKETING OF THE OFFER; AND (C)&nbsp;EACH TAXPAYER SHOULD SEEK ADVICE FROM AN INDEPENDENT TAX ADVISOR BASED ON ITS PARTICULAR CIRCUMSTANCES.</font></b></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-35.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">8.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Currency of Payment</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All cash payments under the Offer will be made in Canadian dollars.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">9.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Miscellaneous</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">If the space in Box 1 and Box 2 of this Letter of Transmittal is insufficient to list all certificates/DRS Advice representing Shares and SRP Rights, as applicable, additional certificate/DRS Advice Statement numbers and number of Shares and SRP Rights may be included on a separate signed list affixed to this Letter of Transmittal.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">If Deposited Shares are registered in different forms (e.g. &#147;John Doe&#148; and &#147;J. Doe&#148;), a separate Letter of Transmittal should be properly completed and executed for each different registration.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Subject to paragraph (f)&nbsp;below, no alternative, conditional or contingent deposits will be accepted. All depositing Shareholders, by execution of this Letter of Transmittal, or a manually executed </font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16<a name="PB_16_081329_7748"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='16',FILE='C:\JMS\106200\13-14720-1\task6099102\14720-1-kb-03.htm',USER='106200',CD='Jun 15 13:19 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">facsimile hereof, waive any right to receive any notice of the acceptance of Deposited Shares for payment, except as required by applicable Laws.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Offer and all contracts resulting from acceptance thereof shall be governed by and construed in accordance with the laws of the Province of British Columbia and the federal laws of Canada applicable therein. Each party to any agreement resulting from the acceptance of the Offer unconditionally and irrevocably attorns to the exclusive jurisdiction of the courts of the Province of British Columbia and all courts competent to hear appeals therefrom.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Before completing this Letter of Transmittal, you are urged to read the accompanying Offer and Circular.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">All questions as to the validity, form, eligibility (including, without limitation, timely receipt) and acceptance of any Shares (including associated SRP Rights) deposited under the Offer will be determined by New Gold in its sole discretion. Depositing Shareholders agree that such determination will be final and binding. New Gold reserves the absolute right to reject any and all deposits that it determines not to be in proper form or that may be unlawful to accept under the laws of any jurisdiction. New Gold reserves the absolute right to waive any defects or irregularities in the deposit of any Shares (including associated SRP Rights) or any notice of withdrawal. There shall be no duty or obligation of New Gold, the Depositary, the Information Agent or any other person to give notice of any defect or irregularity in any deposit of any Shares (including associated SRP Rights) and any notice of withdrawal and no liability shall be incurred or suffered by any of them for failure to give any such notice. New Gold&#146;s interpretation of the terms and conditions of the Offer and Circular, this Letter of Transmittal, the Notice of Guaranteed Delivery and any other related documents will be final and binding. New Gold reserves the right to permit the Offer to be accepted in a manner other than that set out in the Offer and Circular.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Additional copies of the Offer and Circular, this Letter of Transmittal and the Notice of Guaranteed Delivery may be obtained without charge on request from the Depositary or the Information Agent at their respective addresses specified in this Letter of Transmittal.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">10.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Lost Certificates/DRS Advice</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If a certificate/DRS Advice representing Shares (including associated SRP Rights) has been lost or destroyed, this Letter of Transmittal should be completed as fully as possible and forwarded, together with a letter describing the loss, to the Depositary at its office specified in this Letter of Transmittal. The Depositary will forward such letter to the registrar and transfer agent for the Shares so that the registrar and transfer agent may provide replacement instructions. If a certificate/DRS Advice representing Shares (including associated SRP Rights) has been lost, destroyed, mutilated or mislaid, the foregoing action must be taken sufficiently in advance of the Expiry Time in order to obtain a replacement certificate/DRS Advice in sufficient time to permit the Shares (including associated SRP Rights) represented by the replacement certificate/DRS Advice to be deposited under the Offer at or prior to the Expiry Time.</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">11.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Assistance</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Questions or requests for assistance in accepting the Offer, completing this Letter of Transmittal and depositing the Shares (including associated SRP Rights) with the Depositary may be directed to the Depositary or the Information Agent. Their contact details are provided at the end of this document.</font></b></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SHAREHOLDERS SHOULD CONTACT THE DEPOSITARY THEIR BROKER OR OTHER FINANCIAL ADVISOR FOR ASSISTANCE IN ACCEPTING THE OFFER COMPLETING THIS LETTER OF TRANSMITTAL AND DEPOSITING SHARES (INCLUDING ASSOCIATED SRP RIGHTS) WITH THE DEPOSITARY.</font></b></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THIS LETTER OF TRANSMITTAL OR A MANUALLY EXECUTED FACSIMILE HEREOF (TOGETHER WITH CERTIFICATES/DRS ADVICE REPRESENTING THE SHARES (INCLUDING ASSOCIATED SRP RIGHTS) AND ALL OTHER REQUIRED DOCUMENTS) OR </font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17<a name="PB_17_081353_141"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='17',FILE='C:\JMS\106200\13-14720-1\task6099102\14720-1-kb-03.htm',USER='106200',CD='Jun 15 13:19 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THE NOTICE OF GUARANTEED DELIVERY OR A MANUALLY EXECUTED FACSIMILE THEREOF MUST BE RECEIVED BY THE DEPOSITARY AT OR PRIOR TO THE EXPIRY TIME.</font></b></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PRIVACY NOTICE</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Computershare is committed to protecting your personal information. In the course of providing services to you and our corporate clients, we receive non-public personal information about you &#151; from transactions we perform for you, forms you send us, other communications we have with you or your representatives,&nbsp;etc. This information could include your name, address, social insurance number, securities holdings and other financial information. We use this to administer your account, to better serve your and our clients&#146; needs and for other lawful purposes relating to our services. We have prepared a <i>Privacy Code</i> to tell you more about our information practices and how your privacy is protected. It is available at our website, www.computershare.com, or by writing us at 100 University Avenue, 8th floor, Toronto, Ontario, M5J 2Y1. Computershare will use the information you are providing on this form in order to process your request and will treat your signature(s)&nbsp;on this form as your consent to the above.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18<a name="PB_18_081359_7608"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='18',FILE='C:\JMS\106200\13-14720-1\task6099102\14720-1-kb-03.htm',USER='106200',CD='Jun 15 13:19 2013' -->


<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="18%" valign="bottom" style="padding:0in 0in 0in 0in;width:18.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form&nbsp;   <b>W-9</b><br>   (Rev. December&nbsp;2011)<br>   Department of the Treasury Internal Revenue Service</font></p>    </td>
<td width="64%" style="padding:0in 0in 0in 0in;width:64.02%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Request for Taxpayer<br>   Identification Number and Certification</font></b></p>    </td>
<td width="18%" valign="top" style="padding:0in 0in 0in 0in;width:18.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Give Form&nbsp;to the requester. Do not send to the IRS.</font></b></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Print or type</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">See <b>Specific Instructions </b>on page&nbsp;2.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name (as shown on your income tax return)</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Business name/disregarded entity name, if different from above</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check appropriate box for federal tax classification:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;">&nbsp; Individual/sole proprietor</font></p>    </td>
<td width="15%" valign="top" style="padding:0in 0in 0in 0in;width:15.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;">&nbsp; C Corporation</font></p>    </td>
<td width="15%" valign="top" style="padding:0in 0in 0in 0in;width:15.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;">&nbsp; S Corporation</font></p>    </td>
<td width="15%" valign="top" style="padding:0in 0in 0in 0in;width:15.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;">&nbsp; Partnership</font></p>    </td>
<td width="15%" valign="top" style="padding:0in 0in 0in 0in;width:15.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;">&nbsp; Trust/estate</font></p>    </td>
<td width="15%" valign="top" style="padding:0in 0in 0in 0in;width:15.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="15%" valign="top" style="padding:0in 0in 0in 0in;width:15.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="15%" valign="top" style="padding:0in 0in 0in 0in;width:15.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="15%" valign="top" style="padding:0in 0in 0in 0in;width:15.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="15%" valign="top" style="padding:0in 0in 0in 0in;width:15.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="15%" valign="top" style="padding:0in 0in 0in 0in;width:15.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="85%" colspan="5" style="padding:0in 0in 0in 0in;width:85.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;">&nbsp; Limited liability company. Enter the tax   classification (C=C corporation, S=S corporation, P=partnership) <font style="position:relative;top:1.0pt;"><img width="9" height="10" src="g147201kb05i001.jpg"></font></font></p>    </td>
<td width="15%" style="padding:0in 0in 0in 0in;width:15.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;">&nbsp; Exempt payee</font></p>    </td>   </tr>
<tr>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="15%" valign="top" style="padding:0in 0in 0in 0in;width:15.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="15%" valign="top" style="padding:0in 0in 0in 0in;width:15.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="15%" valign="top" style="padding:0in 0in 0in 0in;width:15.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="15%" valign="top" style="padding:0in 0in 0in 0in;width:15.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="15%" valign="top" style="padding:0in 0in 0in 0in;width:15.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="2" style="font-size:10.0pt;">&nbsp; Other (see instructions) <font style="position:relative;top:1.0pt;"><img width="9" height="10" src="g147201kb05i001.jpg"></font></font></p>    </td>
<td width="15%" valign="top" style="padding:0in 0in 0in 0in;width:15.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="15%" valign="top" style="padding:0in 0in 0in 0in;width:15.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="15%" valign="top" style="padding:0in 0in 0in 0in;width:15.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="15%" valign="top" style="padding:0in 0in 0in 0in;width:15.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="15%" valign="top" style="padding:0in 0in 0in 0in;width:15.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="65%" valign="top" style="padding:0in 0in 0in 0in;width:65.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Address   (number, street, and apt. or suite no.)</font></p>    </td>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Requester&#146;s   name and address (optional)</font></p>    </td>   </tr>
<tr>
<td width="65%" valign="top" style="padding:0in 0in 0in 0in;width:65.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="65%" valign="top" style="padding:0in 0in 0in 0in;width:65.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="65%" valign="top" style="padding:0in 0in 0in 0in;width:65.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">City,   state, and ZIP code</font></p>    </td>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="65%" valign="top" style="padding:0in 0in 0in 0in;width:65.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="65%" valign="top" style="padding:0in 0in 0in 0in;width:65.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="65%" valign="top" style="padding:0in 0in 0in 0in;width:65.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">List   account number(s)&nbsp;here (optional)</font></p>    </td>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="67%" valign="top" style="padding:0in 0in 0in 0in;width:67.5%;">
<p style="margin:0in 0in .0001pt .7in;text-indent:-.7in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Part&nbsp;I</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Taxpayer Identification Number (TIN)</font></b></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="67%" valign="top" style="padding:0in 0in 0in 0in;width:67.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="67%" valign="top" style="padding:0in 0in 0in 0in;width:67.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Enter   your TIN in the appropriate box. The TIN provided must match the name given   on the &#147;Name&#148; line to avoid backup withholding. For individuals, this is your   social security number (SSN). However, for a resident alien, sole proprietor,   or disregarded entity, see the Part&nbsp;I instructions on page&nbsp;3. For   other entities, it is your employer identification number (EIN). If you do   not have a number, see <i>How to get a TIN </i>on   page&nbsp;3.</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Social security number</font></b></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#150;</font></b><font size="2" style="font-size:10.0pt;">   &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>&#150;</b></font></p>    </td>   </tr>
<tr>
<td width="67%" valign="top" style="padding:0in 0in 0in 0in;width:67.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="67%" valign="top" style="padding:0in 0in 0in 0in;width:67.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Note. </font></b><font size="2" style="font-size:10.0pt;">If the account is in more   than one name, see the chart on page&nbsp;4 for guidelines on whose number to   enter.</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Employer identification number</font></b></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#150;</font></b></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .7in;text-indent:-.7in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Part&nbsp;II</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Certification</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under penalties of perjury,&nbsp;I certify that:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The number shown on this form is my correct taxpayer identification number (or I am waiting for a number to be issued to me), and</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">I am not subject to backup withholding because: (a)&nbsp;I am exempt from backup withholding, or (b)&nbsp;I have not been notified by the Internal Revenue Service (IRS) that I am subject to backup withholding as a result of a failure to report all interest or dividends, or (c)&nbsp;the IRS has notified me that I am no longer subject to backup withholding, and</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">I am a U.S. citizen or other U.S. person (defined below).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Certification instructions. </font></b><font size="2" style="font-size:10.0pt;">You must cross out item 2 above if you have been notified by the IRS that you are currently subject to backup withholding because you have failed to report all interest and dividends on your tax return. For real estate transactions, item 2 does not apply. For mortgage interest paid, acquisition or abandonment of secured property, cancellation of debt, contributions to an individual retirement arrangement (IRA), and generally, payments other than interest and dividends, you are not required to sign the certification, but you must provide your correct TIN. See the instructions on page&nbsp;4.</font></p>
<p style="margin:0in 0in .0001pt 6.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="9%" valign="top" style="padding:0in 0in 0in 0in;width:9.76%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Sign</font></b><font size="2" style="font-size:10.0pt;"><br>    <b>Here</b></font></p>    </td>
<td width="39%" valign="top" style="padding:0in 0in 0in 0in;width:39.26%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Signature of<br>   U.S. person </font></b><font size="2" style="position:relative;top:1.0pt;"><img width="9" height="10" src="g147201kb05i001.jpg"></font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="bottom" style="padding:0in 0in 0in 0in;width:48.48%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Date </font></b><font size="2" style="position:relative;top:1.0pt;"><img width="9" height="10" src="g147201kb05i001.jpg"></font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">General Instructions</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;references are to the Internal Revenue Code unless otherwise noted.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Purpose of Form</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A person who is required to file an information return with the IRS must obtain your correct taxpayer identification number (TIN) to report, for example, income paid to you, real estate transactions, mortgage interest you paid, acquisition or abandonment of secured property, cancellation of debt, or contributions you made to an IRA.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Use Form&nbsp;W-9 only if you are a U.S. person (including a resident alien), to provide your correct TIN to the person requesting it (the requester) and, when applicable, to:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1. Certify that the TIN you are giving is correct (or you are waiting for a number to be issued),</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2. Certify that you are not subject to backup withholding, or</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3. Claim exemption from backup withholding if you are a U.S. exempt payee. If applicable, you are also certifying that as a U.S. person, your allocable share of any partnership income from a U.S. trade or business is not subject to the withholding tax on foreign partners&#146; share of effectively connected income.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Note. </font></b><font size="2" style="font-size:10.0pt;">If a requester gives you a form other than Form&nbsp;W-9 to request your TIN, you must use the requester&#146;s form if it is substantially similar to this Form&nbsp;W-9.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Definition of a U.S. person. </font></b><font size="2" style="font-size:10.0pt;">For federal tax purposes, you are considered a U.S. person if you are:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="2" style="font-size:10.0pt;"> An individual who is a U.S. citizen or U.S. resident alien,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="2" style="font-size:10.0pt;"> A partnership, corporation, company, or association created or organized in the United States or under the laws of the United States,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="2" style="font-size:10.0pt;"> An estate (other than a foreign estate), or</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="2" style="font-size:10.0pt;"> A domestic trust (as defined in Regulations section 301.7701-7).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Special rules&nbsp;for partnerships. </font></b><font size="2" style="font-size:10.0pt;">Partnerships that conduct a trade or business in the United States are generally required to pay a withholding tax on any foreign partners&#146; share of income from such business. Further, in certain cases where a Form&nbsp;W-9 has not been received, a partnership is required to presume that a partner is a foreign person, and pay the withholding tax. Therefore, if you are a U.S. person that is a partner in a partnership conducting a trade or business in the United States, provide Form&nbsp;W-9 to the partnership to establish your U.S. status and avoid withholding on your share of partnership income.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="33%" valign="top" style="padding:0in 0in 0in 0in;width:33.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="33%" valign="top" style="padding:0in 0in 0in 0in;width:33.34%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Cat. No.&nbsp;10231X</font></p>    </td>
<td width="33%" valign="top" style="padding:0in 0in 0in 0in;width:33.34%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form&nbsp;<b>W-9</b> (Rev.   12-2011)</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">19<a name="PB_19_092358_8146"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='19',FILE='C:\JMS\106200\13-14720-1\task6099102\14720-1-kb-05.htm',USER='106200',CD='Jun 15 13:34 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt 1.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The person who gives Form&nbsp;W-9 to the partnership for purposes of establishing its U.S. status and avoiding withholding on its allocable share of net income from the partnership conducting a trade or business in the United States is in the following cases:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="2" style="font-size:10.0pt;"> The U.S. owner of a disregarded entity and not the entity,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="2" style="font-size:10.0pt;"> The U.S. grantor or other owner of a grantor trust and not the trust, and</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="2" style="font-size:10.0pt;"> The U.S. trust (other than a grantor trust) and not the beneficiaries of the trust.</font></p>
<p style="margin:0in 0in .0001pt 6.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Foreign person. </font></b><font size="2" style="font-size:10.0pt;">If you are a foreign person, do not use Form&nbsp;W-9. Instead, use the appropriate Form&nbsp;W-8 (see Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities).</font></p>
<p style="margin:0in 0in .0001pt 6.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Nonresident alien who becomes a resident alien. </font></b><font size="2" style="font-size:10.0pt;">Generally, only a nonresident alien individual may use the terms of a tax treaty to reduce or eliminate U.S. tax on certain types of income. However, most tax treaties contain a provision known as a &#147;saving clause.&#148; Exceptions specified in the saving clause may permit an exemption from tax to continue for certain types of income even after the payee has otherwise become a U.S. resident alien for tax purposes.</font></p>
<p style="margin:0in 0in .0001pt 6.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If you are a U.S. resident alien who is relying on an exception contained in the saving clause of a tax treaty to claim an exemption from U.S. tax on certain types of income, you must attach a statement to Form&nbsp;W-9 that specifies the following five items:</font></p>
<p style="margin:0in 0in .0001pt 6.0pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1. The treaty country. Generally, this must be the same treaty under which you claimed exemption from tax as a nonresident alien.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2. The treaty article addressing the income.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3. The article number (or location) in the tax treaty that contains the saving clause and its exceptions.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4. The type and amount of income that qualifies for the exemption from tax.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5. Sufficient facts to justify the exemption from tax under the terms of the treaty article.</font></p>
<p style="margin:0in 0in .0001pt 6.0pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Example. </font></i></b><font size="2" style="font-size:10.0pt;">Article&nbsp;20 of the U.S.-China income tax treaty allows an exemption from tax for scholarship income received by a Chinese student temporarily present in the United States. Under U.S. law, this student will become a resident alien for tax purposes if his or her stay in the United States exceeds 5 calendar years. However, paragraph 2 of the first Protocol to the U.S.-China treaty (dated April&nbsp;30, 1984) allows the provisions of Article&nbsp;20 to continue to apply even after the Chinese student becomes a resident alien of the United States. A Chinese student who qualifies for this exception (under paragraph 2 of the first protocol) and is relying on this exception to claim an exemption from tax on his or her scholarship or fellowship income would attach to Form W-9 a statement that includes the information described above to support that exemption.</font></p>
<p style="margin:0in 0in .0001pt 6.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If you are a nonresident alien or a foreign entity not subject to backup withholding, give the requester the appropriate completed Form&nbsp;W-8.</font></p>
<p style="margin:0in 0in .0001pt 6.0pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">What is backup withholding? </font></b><font size="2" style="font-size:10.0pt;">Persons making certain payments to you must under certain conditions withhold and pay to the IRS a percentage of such payments. This is called &#147;backup withholding.&#148;&#160; Payments that may be subject to backup withholding include interest, tax-exempt interest, dividends, broker and barter exchange transactions, rents, royalties, nonemployee pay, and certain payments from fishing boat operators. Real estate transactions are not subject to backup withholding.</font></p>
<p style="margin:0in 0in .0001pt 6.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">You will not be subject to backup withholding on payments you receive if you give the requester your correct TIN, make the proper certifications, and report all your taxable interest and dividends on your tax return.</font></p>
<p style="margin:0in 0in .0001pt 6.0pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Payments you receive will be subject to backup withholding if:</font></b></p>
<p style="margin:0in 0in .0001pt 6.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.65pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1. You do not furnish your TIN to the requester,</font></p>
<p style="margin:0in 0in .0001pt 14.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.65pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2. You do not certify your TIN when required (see the Part&nbsp;II instructions on page&nbsp;3 for details),</font></p>
<p style="margin:0in 0in .0001pt 6.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.65pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3. The IRS tells the requester that you furnished an incorrect TIN,</font></p>
<p style="margin:0in 0in .0001pt 14.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.65pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4. The IRS tells you that you are subject to backup withholding because you did not report all your interest and dividends on your tax return (for reportable interest and dividends only), or</font></p>
<p style="margin:0in 0in .0001pt 6.0pt;text-indent:8.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.65pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5. You do not certify to the requester that you are not subject to backup withholding under 4 above (for reportable interest and dividend accounts opened after 1983 only).</font></p>
<p style="margin:0in 0in .0001pt 6.0pt;text-indent:8.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Certain payees and payments are exempt from backup withholding. See the instructions below and the separate Instructions for the Requester of Form&nbsp;W-9.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 8.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Also see <i>Special rules&nbsp;for partnerships </i>on page&nbsp;1.</font></p>
<p style="margin:0in 0in .0001pt 8.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Updating Your Information</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">You must provide updated information to any person to whom you claimed to be an exempt payee if you are no longer an exempt payee and anticipate receiving reportable payments in the future from this person. For example, you may need to provide updated information if you are a C corporation that elects to be an S corporation, or if you no longer are tax exempt. In addition, you must furnish a new Form&nbsp;W-9 if the name or TIN changes for the account, for example, if the grantor of a grantor trust dies.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Penalties</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Failure to furnish TIN. </font></b><font size="2" style="font-size:10.0pt;">If you fail to furnish your correct TIN to a requester, you are subject to a penalty of $50 for each such failure unless your failure is due to reasonable cause and not to willful neglect.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Civil penalty for false information with respect to withholding. </font></b><font size="2" style="font-size:10.0pt;">If you make a false statement with no reasonable basis that results in no backup withholding, you are subject to a $500 penalty.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Criminal penalty for falsifying information. </font></b><font size="2" style="font-size:10.0pt;">Willfully falsifying certifications or affirmations may subject you to criminal penalties including fines and/or imprisonment.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Misuse of TINs. </font></b><font size="2" style="font-size:10.0pt;">If the requester discloses or uses TINs in violation of federal law, the requester may be subject to civil and criminal penalties.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Specific Instructions</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Name</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If you are an individual, you must generally enter the name shown on your income tax return. However, if you have changed your last name, for instance, due to marriage without informing the Social Security Administration of the name change, enter your first name, the last name shown on your social security card, and your new last name.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If the account is in joint names, list first, and then circle, the name of the person or entity whose number you entered in Part&nbsp;I of the form.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Sole proprietor. </font></b><font size="2" style="font-size:10.0pt;">Enter your individual name as shown on your income tax return on the &#147;Name&#148; line. You may enter your business, trade, or &#147;doing business as (DBA)&#148; name on the &#147;Business name/disregarded entity name&#148; line.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Partnership, C Corporation, or S Corporation. </font></b><font size="2" style="font-size:10.0pt;">Enter the entity&#146;s name on the &#147;Name&#148; line and any business, trade, or &#147;doing business as (DBA) name&#148; on the &#147;Business name/disregarded entity name&#148; line.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Disregarded entity. </font></b><font size="2" style="font-size:10.0pt;">Enter the owner&#146;s name on the &#147;Name&#148; line. The name of the entity entered on the &#147;Name&#148; line should never be a disregarded entity. The name on the &#147;Name&#148; line must be the name shown on the income tax return on which the income will be reported. For example, if a foreign LLC that is treated as a disregarded entity for U.S. federal tax purposes has a domestic owner, the domestic owner&#146;s name is required to be provided on the &#147;Name&#148; line. If the direct owner of the entity is also a disregarded entity, enter the first owner that is not disregarded for federal tax purposes. Enter the disregarded entity&#146;s name on the &#147;Business name/disregarded entity name&#148; line. If the owner of the disregarded entity is a foreign person, you must complete an appropriate Form&nbsp;W-8.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Note. </font></b><font size="2" style="font-size:10.0pt;">Check the appropriate box for the federal tax classification of the person whose name is entered on the &#147;Name&#148; line (Individual/sole proprietor, Partnership, C Corporation, S Corporation, Trust/estate).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Limited Liability Company (LLC). </font></b><font size="2" style="font-size:10.0pt;">If the person identified on the &#147;Name&#148; line is an LLC, check the &#147;Limited liability company&#148; box only and enter the appropriate code for the tax classification in the space provided. If you are an LLC that is treated as a partnership for federal tax purposes, enter &#147;P&#148; for partnership. If you are an LLC that has filed a Form&nbsp;8832 or a Form&nbsp;2553 to be taxed as a corporation, enter &#147;C&#148; for C corporation or &#147;S&#148; for S corporation. If you are an LLC that is disregarded as an entity separate from its owner under Regulation section 301.7701-3 (except for employment and excise tax), do not check the LLC box unless the owner of the LLC (required to be identified on the &#147;Name&#148; line) is another LLC that is not disregarded for federal tax purposes. If the LLC is disregarded as an entity separate from its owner, enter the appropriate tax classification of the owner identified on the &#147;Name&#148; line.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20<a name="PB_20_092403_7091"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='20',FILE='C:\JMS\106200\13-14720-1\task6099102\14720-1-kb-05.htm',USER='106200',CD='Jun 15 13:34 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt 1.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Other entities. </font></b><font size="2" style="font-size:10.0pt;">Enter your business name as shown on required federal tax documents on the &#147;Name&#148; line. This name should match the name shown on the charter or other legal document creating the entity. You may enter any business, trade, or DBA name on the &#147;Business name/disregarded entity name&#148; line.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exempt Payee</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If you are exempt from backup withholding, enter your name as described above and check the appropriate box for your status, then check the &#147;Exempt payee&#148; box in the line following the &#147;Business name/disregarded entity name,&#148; sign and date the form.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Generally, individuals (including sole proprietors) are not exempt from backup withholding. Corporations are exempt from backup withholding for certain payments, such as interest and dividends.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Note. </font></b><font size="2" style="font-size:10.0pt;">If you are exempt from backup withholding, you should still complete this form to avoid possible erroneous backup withholding.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following payees are exempt from backup withholding:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1. An organization exempt from tax under section 501(a), any IRA, or a custodial account under section 403(b)(7)&nbsp;if the account satisfies the requirements of section 401(f)(2),</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2. The United States or any of its agencies or instrumentalities,</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3. A state, the District of Columbia, a possession of the United States, or any of their political subdivisions or instrumentalities,</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4. A foreign government or any of its political subdivisions, agencies, or instrumentalities, or</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5. An international organization or any of its agencies or instrumentalities.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Other payees that may be exempt from backup withholding include:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6. A corporation,</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7. A foreign central bank of issue,</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8. A dealer in securities or commodities required to register in the United States, the District of Columbia, or a possession of the United States,</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9. A futures commission merchant registered with the Commodity Futures Trading Commission,</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10. A real estate investment trust,</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11. An entity registered at all times during the tax year under the Investment Company Act of 1940,</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12. A common trust fund operated by a bank under section 584(a),</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13. A financial institution,</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14. A middleman known in the investment community as a nominee or custodian, or</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15. A trust exempt from tax under section 664 or described in section 4947.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following chart shows types of payments that may be exempt from backup withholding. The chart applies to the exempt payees listed above, 1 through 15.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="46%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:46.98%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">IF&nbsp;the&nbsp;payment&nbsp;is&nbsp;for&nbsp;.&nbsp;.&nbsp;.</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="50%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.88%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">THEN&nbsp;the&nbsp;payment&nbsp;is&nbsp;exempt<br>   for&nbsp;.&nbsp;.&nbsp;.</font></b></p>    </td>   </tr>
<tr>
<td width="46%" valign="bottom" style="padding:0in 0in 0in 0in;width:46.98%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="50%" valign="bottom" style="padding:0in 0in 0in 0in;width:50.88%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="46%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:46.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Interest and dividend   payments</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="50%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:50.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All exempt payees   except for 9</font></p>    </td>   </tr>
<tr>
<td width="46%" valign="top" style="padding:0in 0in 0in 0in;width:46.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="46%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:46.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Broker transactions</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="50%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:50.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Exempt payees 1 through   5 and 7 through 13. Also, C corporations.</font></p>    </td>   </tr>
<tr>
<td width="46%" valign="top" style="padding:0in 0in 0in 0in;width:46.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="46%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:46.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Barter exchange   transactions and patronage dividends</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="50%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:50.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Exempt payees 1 through   5</font></p>    </td>   </tr>
<tr>
<td width="46%" valign="top" style="padding:0in 0in 0in 0in;width:46.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="46%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:46.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Payments over $600   required to be reported and direct sales over $5,000 </font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">1</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.14%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="50%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:50.88%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Generally, exempt   payees 1 through 7 </font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">2</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="1" width="25%" noshade color="black" align="left"></div>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="1" face="Times New Roman" style="font-size:6.5pt;position:relative;top:-3.0pt;">1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">See Form&nbsp;1099-MISC, Miscellaneous Income, and its instructions.</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="1" face="Times New Roman" style="font-size:6.5pt;position:relative;top:-3.0pt;">2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">However, the following payments made to a corporation and reportable on Form 1099-MISC are not exempt from backup withholding: medical and health care payments, attorneys&#146; fees, gross proceeds paid to an attorney, and payments for services paid by a federal executive agency.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Part&nbsp;I. Taxpayer Identification Number (TIN)</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Enter your TIN in the appropriate box. </font></b><font size="2" style="font-size:10.0pt;">If you are a resident alien and you do not have and are not eligible to get an SSN, your TIN is your IRS individual taxpayer identification number (ITIN). Enter it in the social security number box. If you do not have an ITIN, see <i>How to get a TIN </i>below.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If you are a sole proprietor and you have an EIN, you may enter either your SSN or EIN. However, the IRS prefers that you use your SSN.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If you are a single-member LLC that is disregarded as an entity separate from its owner (see <i>Limited Liability Company (LLC) </i>on page&nbsp;2), enter the owner&#146;s SSN (or EIN, if the owner has one). Do not enter the disregarded entity&#146;s EIN. If the LLC is classified as a corporation or partnership, enter the entity&#146;s EIN.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Note. </font></b><font size="2" style="font-size:10.0pt;">See the chart on page&nbsp;4 for further clarification of name and TIN combinations.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">How to get a TIN. </font></b><font size="2" style="font-size:10.0pt;">If you do not have a TIN, apply for one immediately. To apply for an SSN, get Form&nbsp;SS-5, Application for a Social Security Card, from your local Social Security Administration office or get this form online at <i>www.ssa.gov</i>. You may also get this form by calling 1-800-772-1213. Use Form&nbsp;W-7, Application for IRS Individual Taxpayer Identification Number, to apply for an ITIN, or Form&nbsp;SS-4, Application for Employer Identification Number, to apply for an EIN. You can apply for an EIN online by accessing the IRS website at <i>www.irs.gov/businesses </i>and clicking on Employer Identification Number (EIN) under Starting a Business. You can get Forms W-7 and SS-4 from the IRS by visiting IRS.gov or by calling 1-800-TAX-FORM&nbsp;(1-800-829-3676).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If you are asked to complete Form&nbsp;W-9 but do not have a TIN, write &#147;Applied For&#148; in the space for the TIN, sign and date the form, and give it to the requester. For interest and dividend payments, and certain payments made with respect to readily tradable instruments, generally you will have 60 days to get a TIN and give it to the requester before you are subject to backup withholding on payments. The 60-day rule&nbsp;does not apply to other types of payments. You will be subject to backup withholding on all such payments until you provide your TIN to the requester.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Note. </font></b><font size="2" style="font-size:10.0pt;">Entering &#147;Applied For&#148; means that you have already applied for a TIN or that you intend to apply for one soon.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Caution: </font></b><i><font size="2" style="font-size:10.0pt;font-style:italic;">A disregarded domestic entity that has a foreign owner must use the appropriate Form&nbsp;W-8.</font></i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Part&nbsp;II. Certification</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To establish to the withholding agent that you are a U.S. person, or resident alien, sign Form&nbsp;W-9. You may be requested to sign by the withholding agent even if item 1, below, and items 4 and 5 on page&nbsp;4 indicate otherwise.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For a joint account, only the person whose TIN is shown in Part&nbsp;I should sign (when required). In the case of a disregarded entity, the person identified on the &#147;Name&#148; line must sign. Exempt payees, see <i>Exempt Payee </i>on page&nbsp;3.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Signature requirements. </font></b><font size="2" style="font-size:10.0pt;">Complete the certification as indicated in items 1 through 3, below, and items 4 and 5 on page&nbsp;4.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1. Interest, dividend, and barter exchange accounts opened before 1984 and broker accounts considered active during 1983. </font></b><font size="2" style="font-size:10.0pt;">You must give your correct TIN, but you do not have to sign the certification.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">2. Interest, dividend, broker, and barter exchange accounts opened after 1983 and broker accounts considered inactive during</font></b><font size="2" style="font-size:10.0pt;">  <b>1983. </b>You must sign the certification or backup withholding will apply. If you are subject to backup withholding and you are merely providing your correct TIN to the requester, you must cross out item 2 in the certification before signing the form.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">3. Real estate transactions. </font></b><font size="2" style="font-size:10.0pt;">You must sign the certification. You may cross out item 2 of the certification.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">21<a name="PB_21_092625_455"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='21',FILE='C:\JMS\106200\13-14720-1\task6099102\14720-1-kb-05.htm',USER='106200',CD='Jun 15 13:34 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt 1.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">4. Other payments. </font></b><font size="2" style="font-size:10.0pt;">You must give your correct TIN, but you do not have to sign the certification unless you have been notified that you have previously given an incorrect TIN. &#147;Other payments&#148; include payments made in the course of the requester&#146;s trade or business for rents, royalties, goods (other than bills for merchandise), medical and health care services (including payments to corporations), payments to a nonemployee for services, payments to certain fishing boat crew members and fishermen, and gross proceeds paid to attorneys (including payments to corporations).</font></p>
<p style="margin:0in 0in .0001pt 6.0pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:7.9pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">5. Mortgage interest paid by you, acquisition or abandonment of secured property, cancellation of debt, qualified tuition program payments (under section 529),&nbsp;IRA, Coverdell ESA, Archer MSA or HSA contributions or distributions, and pension distributions. </font></b><font size="2" style="font-size:10.0pt;">You must give your correct TIN, but you do not have to sign the certification.</font></p>
<p style="margin:0in 0in .0001pt 6.0pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">What Name and Number To Give the Requester</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="49%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">For&nbsp;this&nbsp;type&nbsp;of&nbsp;account:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="48%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Give&nbsp;name&nbsp;and&nbsp;SSN&nbsp;of:</font></b></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Individual</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="48%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:48.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   individual</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Two or more   individuals (joint account)</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   actual owner of the account or, if combined funds, the first individual on   the account </font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">1</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Custodian   account of a minor (Uniform Gift to Minors Act)</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="48%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:48.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   minor </font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">2</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" style="font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">a. The usual   revocable savings trust (grantor is also trustee)<br>   b. So-called trust account that is not a legal or valid trust under state law</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   grantor-trustee </font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">1</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   actual owner </font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">1</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="1" style="font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Sole   proprietorship or disregarded entity owned by an individual</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="48%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:48.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   owner </font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">3</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.</font><font size="1" style="font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Grantor trust   filing under Optional Form&nbsp;1099 Filing Method 1 (see Regulation section   1.671-4(b)(2)(i)(A))</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The grantor*</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="49%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">For&nbsp;this&nbsp;type&nbsp;of&nbsp;account:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="48%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Give&nbsp;name&nbsp;and&nbsp;EIN&nbsp;of:</font></b></p>    </td>   </tr>
<tr>
<td width="49%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="48%" valign="bottom" style="border:none;padding:0in 0in 0in 0in;width:48.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.</font><font size="1" style="font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Disregarded   entity not owned by an individual</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="48%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:48.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   owner</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.</font><font size="1" style="font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">A valid   trust, estate, or pension trust</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Legal   entity </font><font size="1" style="font-size:6.5pt;position:relative;top:-3.0pt;">4</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.</font><font size="1" style="font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Corporation   or LLC electing corporate status on Form&nbsp;8832 or Form&nbsp;2553</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="48%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:48.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   corporation</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.</font><font size="1" style="font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Association,   club, religious, charitable, educational, or other tax-exempt organization</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   organization</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.</font><font size="1" style="font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Partnership   or multi-member LLC</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="48%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:48.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   partnership</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.</font><font size="1" style="font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">A broker or   registered nominee</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   broker or nominee</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13.</font><font size="1" style="font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Account with   the Department of Agriculture in the name of a public entity (such as a state   or local government, school district, or prison) that receives agricultural   program payments</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="48%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:48.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The   public entity</font></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14.</font><font size="1" style="font-size:3.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font size="2" style="font-size:10.0pt;">Grantor trust   filing under the Form 1041 Filing Method or the Optional Form&nbsp;1099   Filing Method 2 (see Regulation section 1.671-4(b)(2)(i)(B))</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The trust</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="1" width="25%" noshade color="black" align="left"></div>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="1" face="Times New Roman" style="font-size:6.5pt;position:relative;top:-3.0pt;">1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">List first and circle the name of the person whose number you furnish. If only one person on a joint account has an SSN, that person&#146;s number must be furnished.</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="1" face="Times New Roman" style="font-size:6.5pt;position:relative;top:-3.0pt;">2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Circle the minor&#146;s name and furnish the minor&#146;s SSN.</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="1" face="Times New Roman" style="font-size:6.5pt;position:relative;top:-3.0pt;">3</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">You must show your individual name and you may also enter your business or &#147;DBA&#148;&#160; name on the &#147;Business name/disregarded entity&#148; name line. You may use either your SSN or EIN (if you have one), but the IRS encourages you to use your SSN.</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="1" face="Times New Roman" style="font-size:6.5pt;position:relative;top:-3.0pt;">4</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">List first and circle the name of the trust, estate, or pension trust. (Do not furnish the TIN of the personal representative or trustee unless the legal entity itself is not designated in the account title.) Also see <i>Special rules&nbsp;for partnerships </i>on page&nbsp;1.</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .25in;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">*Note. </font></b><font size="2" style="font-size:10.0pt;">Grantor also must provide a Form&nbsp;W-9 to trustee of trust.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Note. </font></b><font size="2" style="font-size:10.0pt;">If no name is circled when more than one name is listed, the number will be considered to be that of the first name listed.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Secure Your Tax Records from Identity Theft</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Identity theft occurs when someone uses your personal information such as your name, social security number (SSN), or other identifying information, without your permission, to commit fraud or other crimes. An identity thief may use your SSN to get a job or may file a tax return using your SSN to receive a refund.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To reduce your risk:</font></p>
<p style="margin:0in 0in .0001pt 8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="2" style="font-size:10.0pt;"> Protect your SSN,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="2" style="font-size:10.0pt;"> Ensure your employer is protecting your SSN, and</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Symbol" style="font-size:10.0pt;">&#183;</font><font size="2" style="font-size:10.0pt;"> Be careful when choosing a tax preparer.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If your tax records are affected by identity theft and you receive a notice from the IRS, respond right away to the name and phone number printed on the IRS notice or letter.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If your tax records are not currently affected by identity theft but you think you are at risk due to a lost or stolen purse or wallet, questionable credit card activity or credit report, contact the IRS Identity Theft Hotline at 1-800-908-4490 or submit Form&nbsp;14039.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For more information, see Publication 4535,&nbsp;Identity Theft Prevention and Victim Assistance.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Victims of identity theft who are experiencing economic harm or a system problem, or are seeking help in resolving tax problems that have not been resolved through normal channels, may be eligible for Taxpayer Advocate Service (TAS) assistance. You can reach TAS by calling the TAS toll-free case intake line at 1-877-777-4778 or TTY/TDD 1-800-829-4059.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Protect yourself from suspicious emails or phishing schemes. </font></b><font size="2" style="font-size:10.0pt;">Phishing is the creation and use of email and websites designed to mimic legitimate business emails and websites. The most common act is sending an email to a user falsely claiming to be an established legitimate enterprise in an attempt to scam the user into surrendering private information that will be used for identity theft.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The IRS does not initiate contacts with taxpayers via emails. Also, the IRS does not request personal detailed information through email or ask taxpayers for the PIN numbers, passwords, or similar secret access information for their credit card, bank, or other financial accounts.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If you receive an unsolicited email claiming to be from the IRS, forward this message to <i>phishing@irs.gov. </i>You may also report misuse of the IRS name, logo, or other IRS property to the Treasury Inspector General for Tax Administration at 1-800-366-4484. You can forward suspicious emails to the Federal Trade Commission at: <i>spam@uce.gov </i>or contact them at <i>www.ftc.gov/idtheft </i>or 1-877-IDTHEFT (1-877-438-4338).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:8.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Visit IRS.gov to learn more about identity theft and how to reduce your risk.</font></p>
<p style="margin:0in 0in .0001pt 6.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Privacy Act Notice</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Section&nbsp;6109 of the Internal Revenue Code requires you to provide your correct TIN to persons (including federal agencies) who are required to file information returns with the IRS to report interest, dividends, or certain other income paid to you; mortgage interest you paid; the acquisition or abandonment of secured property; the cancellation of debt; or contributions you made to an IRA, Archer MSA, or HSA. The person collecting this form uses the information on the form to file information returns with the IRS, reporting the above information. Routine uses of this information include giving it to the Department of Justice for civil and criminal litigation and to cities, states, the District of Columbia, and U.S. possessions for use in administering their laws. The information also may be disclosed to other countries under a treaty, to federal and state agencies to enforce civil and criminal laws, or to federal law enforcement and intelligence agencies to combat terrorism. You must provide your TIN whether or not you are required to file a tax return. Under section 3406, payers must generally withhold a percentage of taxable interest, dividend, and certain other payments to a payee who does not give a TIN to the payer. Certain penalties may also apply for providing false or fraudulent information.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">22<a name="PB_22_094014_4141"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='22',FILE='C:\JMS\106200\13-14720-1\task6099102\14720-1-kb-05.htm',USER='106200',CD='Jun 15 13:34 2013' -->


<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Depositary for the Offer is:</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="309" height="61" src="g147201kb07i001.jpg" alt="GRAPHIC"></font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">By Mail</font></b></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">By Registered Mail, by   Hand or by Courier</font></b></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">P.O.&nbsp;Box 702</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">100 University Avenue</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">31 Adelaide Street East</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8th Floor</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Toronto, Ontario M5C 3H2</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Toronto, Ontario M5J 2Y1</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Attention: Corporate   Actions</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Attention: Corporate   Actions</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Toll Free: 1-800-564-6253<br> E-mail: corporateactions@computershare.com</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The Information Agent for the Offer is:</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="252" height="48" src="g147201kb07i002.jpg" alt="GRAPHIC"></font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Exchange Tower</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">130&nbsp;King Street West, Suite&nbsp;2950, P.O.&nbsp;Box&nbsp;361</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Toronto, Ontario M5X&nbsp;1E2</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">North American Toll Free Phone:</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1-888-518-6796</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">E-mail: contactus@kingsdaleshareholder.com</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Facsimile: (416)&nbsp;867-2271</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Toll Free Facsimile: 1-866-545-5580</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Outside North America, Banks and Brokers Call Collect: (416)&nbsp;867-2272</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Any questions or requests for assistance or additional copies of the Offer and Circular, this Letter of Transmittal or the Notice of Guaranteed Delivery may be directed to the Depositary or the Information Agent at the telephone numbers and locations set out above. Shareholders may also contact their investment advisor, stockbroker, bank, trust company or other nominee for assistance concerning the Offer.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\106200\13-14720-1\task6098912\14720-1-kb-07.htm',USER='106200',CD='Jun 15 08:16 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1.3
<SEQUENCE>4
<FILENAME>a13-14720_1ex1d3.htm
<DESCRIPTION>EX-1.3
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 1.3</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">THIS IS NOT A LETTER OF TRANSMITTAL. THIS NOTICE OF GUARANTEED DELIVERY IS FOR USE IN ACCEPTING THE OFFER BY NEW GOLD INC. TO ACQUIRE ALL OUTSTANDING COMMON SHARES (INCLUDING ASSOCIATED RIGHTS UNDER THE SHAREHOLDER RIGHTS PLAN) OF RAINY RIVER RESOURCES LTD.</font></i></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NOTICE OF GUARANTEED DELIVERY</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">for the deposit of Shares and SRP Rights</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">of</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RAINY RIVER RESOURCES LTD.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">under the Offer dated June&nbsp;18, 2013 made by</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NEW GOLD INC.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THE OFFER IS OPEN FOR ACCEPTANCE UNTIL 5:00&nbsp;P.M. (TORONTO TIME) ON JULY 24, 2013 (THE &#147;EXPIRY TIME&#148;) UNLESS THE OFFER IS EXTENDED OR WITHDRAWN.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">USE THIS NOTICE OF GUARANTEED DELIVERY IF:</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">YOU WISH TO ACCEPT THE OFFER BUT YOUR COMMON SHARE CERTIFICATE(S)/DRS ADVICE (OR RIGHTS CERTIFICATE(S),&nbsp;IF APPLICABLE) ARE NOT IMMEDIATELY AVAILABLE;</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">2.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">YOU ARE NOT ABLE TO DELIVER YOUR COMMON SHARE CERTIFICATE(S)/DRS ADVICE (OR RIGHTS CERTIFICATE(S),&nbsp;IF APPLICABLE) ALONG WITH ALL OTHER REQUIRED DOCUMENTS TO THE DEPOSITARY AT OR PRIOR TO THE EXPIRY TIME; OR</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">3.</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">THE SEPARATION TIME HAS OCCURRED BUT YOU HAVE NOT YET RECEIVED YOUR RIGHTS CERTIFICATE(S).</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Notice of Guaranteed Delivery must be used to accept the offer dated June&nbsp;18, 2013 (the &#147;<b>Offer</b>&#148;) made by New Gold Inc. (&#147;<b>New Gold</b>&#148;) to purchase all of the issued and outstanding common shares (the &#147;<b>Shares</b>&#148;) of Rainy River Resources Ltd. (&#147;<b>Rainy River</b>&#148;), including all Shares that may become issued and outstanding after the date of the Offer but before the Expiry Time, including upon the exercise of Options or Warrants (as such terms are defined in the Offer and Circular, as defined below) or any other outstanding rights, together with any SRP Rights (as such term is defined in the Offer and Circular) attached to such Shares pursuant to the Shareholder Rights Plan (as such term is defined in the Offer and Circular), if certificate(s)/DRS Advice representing the Shares and/or if the Separation Time has occurred prior to the Expiry Time, certificate(s)&nbsp;evidencing the SRP Rights (the &#147;<b>Rights Certificates</b>&#148;) to be deposited are not immediately available or if the holder (the &#147;<b>Shareholder</b>&#148;) is not able to deliver the certificate(s)/DRS Advice and all other required documents to Computershare Trust Company of Canada (the &#147;<b>Depositary</b>&#148;) at or prior to the Expiry Time at its office specified below.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to the Offer, Shareholders may elect to receive, for each Share held, either (a)&nbsp;$3.83 in cash (the &#147;<b>Cash Option</b>&#148;) or (b)&nbsp;0.5 of a common share (each whole common share, a &#147;<b>New Gold Share</b>&#148;) of New Gold (the &#147;<b>Share Option</b>&#148;), in each case subject to pro ration as described in the Offer and Circular. Each Shareholder may elect the Cash Option or the Share Option in respect of all of such Shareholder&#146;s Shares deposited under the Offer. A Shareholder may not apportion such Shareholder&#146;s Shares between the consideration alternatives.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">A SHAREHOLDER DELIVERING A NOTICE OF GUARANTEED DELIVERY MUST ELECT ONE OF THE CONSIDERATION ALTERNATIVES IN BOX 3 BELOW. A SHAREHOLDER WHO FAILS TO PROPERLY MAKE THE ELECTION IN BOX 3 BELOW WILL BE DEEMED TO HAVE ELECTED THE CASH OPTION FOR ALL OF SUCH SHAREHOLDER&#146;S SHARES DEPOSITED UNDER THE OFFER. IF A SHAREHOLDER DELIVERS THIS NOTICE OF GUARANTEED DELIVERY IN RESPECT OF SHARES TO BE DEPOSITED WITH A LETTER OF TRANSMITTAL, THE ELECTION (OR DEEMED ELECTION) MADE IN THIS NOTICE OF GUARANTEED DELIVERY AS TO THE CONSIDERATION TO BE RECEIVED UNDER THE OFFER WILL SUPERSEDE ANY ELECTION MADE IN A LETTER OF TRANSMITTAL.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105933\13-14720-1\task6100592\14720-1-kc-01.htm',USER='105933',CD='Jun 18 06:32 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The maximum amount of cash available under the Offer is approximately $198 million and the maximum number of New Gold Shares available for issuance under the Offer is approximately 25.8 million New Gold Shares (based on the number of Shares outstanding on a fully-diluted basis as at May&nbsp;30, 2013). If all Shareholders deposited their Shares and elected the Cash Option or all Shareholders deposited their Shares and elected the Share Option, each Shareholder would be entitled to receive approximately $1.91 in cash and 0.25 of a New Gold Share for each Share deposited, subject to adjustment for fractional shares.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The terms and conditions of the Offer and the Letter of Transmittal are incorporated by reference in this Notice of Guaranteed Delivery. Capitalized terms used but not defined in this Notice of Guaranteed Delivery which are defined in the Offer and related circular dated June&nbsp;18, 2013 (the &#147;<b>Offer and Circular</b>&#148;) have the respective meanings ascribed thereto in the Offer and Circular. All dollar references in this Notice of Guaranteed Delivery refer to Canadian dollars, except where otherwise indicated.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Questions or requests for assistance in accepting the Offer, completing this Notice of Guaranteed Delivery and depositing Shares (including associated SRP Rights) with the Depositary may be directed to the Depositary or the Information Agent. Their contact details are provided at the end of this document. Shareholders whose Shares are registered in the name of an investment advisor, stockbroker, bank, trust company or other nominee should immediately contact that nominee for assistance if they wish to accept the Offer in order to take the necessary steps to be able to deposit such Shares (including associated SRP Rights) under the Offer.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WHEN AND HOW TO USE THIS NOTICE OF GUARANTEED DELIVERY</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If a Shareholder wishes to deposit Shares under the Offer and (i)&nbsp;the certificate(s)/DRS Advice representing the Shares and/or if the Separation Time has occurred prior to the Expiry Time, the Rights Certificate(s)&nbsp;is (are) not immediately available; (ii)&nbsp;the certificate(s)/DRS Advice and all other required documents cannot be delivered to the Depositary at or prior to the Expiry Time; or (iii)&nbsp;if the Separation Time has occurred prior to the Expiry Time but Rights Certificates have not been distributed to Shareholders prior to the Expiry Time, those Shares (including associated SRP Rights) may nevertheless be deposited validly under the Offer provided that all of the following conditions are met:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the deposit is made by or through an Eligible Institution (as defined below);</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">this Notice of Guaranteed Delivery or a manually executed facsimile hereof, properly completed and executed, including the guarantee of delivery by an Eligible Institution in the form set out below, is received by the Depositary at its office in Toronto, Ontario specified in this Notice of Guaranteed Delivery at or prior to the Expiry Time;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the certificate(s)/DRS Advice representing all deposited Shares, and if the Separation Time has occurred prior to the Expiry Time and Rights Certificates have been distributed to Shareholders prior to the Expiry Time, the Rights Certificates representing the associated SRP Rights, in proper form for transfer, together with a Letter of Transmittal, or a manually executed facsimile thereof, properly completed and executed, with the signatures guaranteed, if required, in accordance with the instructions set out in the Letter of Transmittal and all other documents required by the terms of the Offer and the Letter of Transmittal, are received by the Depositary at its office in Toronto, Ontario specified in the Letter of Transmittal at or prior to 5:00&nbsp;p.m. (Toronto time) on the third trading day on the TSX after the Expiry Time; and</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">if the Separation Time has occurred prior to the Expiry Time but Rights Certificates have not been distributed to Shareholders prior to the Expiry Time, the Rights Certificates representing the deposited SRP Rights, together with a Letter of Transmittal, or a manually executed facsimile thereof, properly completed and duly executed with signatures guaranteed if so required in accordance with the instructions set out in the Letter of Transmittal, and all other documents required by the Letter of Transmittal are received by the Depositary at its office in Toronto, Ontario specified in the Letter of Transmittal at or prior to 5:00&nbsp;p.m. (Toronto time) on the third trading day on the TSX after the date, if any, that Rights Certificates are distributed to Shareholders.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">An &#147;<b>Eligible Institution</b>&#148; means a Canadian Schedule 1 chartered bank, a major trust company in Canada, a member of the Securities Transfer Agent Medallion Program (STAMP), a member of the Stock Exchanges Medallion Program (SEMP) or a member of the New York Stock Exchange Inc. Medallion Signature Program (MSP). Members of these programs are usually members of a recognized stock exchange in Canada or the United States, members of the Investment Industry Regulatory Organization of Canada, members of the Financial Industry Regulatory Authority or banks and trust companies in the United States.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned understands and acknowledges that payment for Shares deposited and taken up by New Gold under the Offer will be made only after timely receipt by the Depositary of: (i)&nbsp;certificates/DRS Advice representing such Shares (or a Book-Entry Confirmation) and, if applicable, the associated Rights Certificate(s), (ii)&nbsp;a Letter of Transmittal or a facsimile thereof, properly</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2<a name="PB_2_093612_7056"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='2',FILE='C:\JMS\105933\13-14720-1\task6100592\14720-1-kc-01.htm',USER='105933',CD='Jun 18 06:32 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">completed and duly executed, with any signatures guaranteed, if so required (or, in the case of a book-entry transfer, a Book-Entry Confirmation and, in the case of DTC accounts, a Letter of Transmittal (or a facsimile thereof), properly completed and duly executed, with any signatures guaranteed, if so required, or an Agent&#146;s Message in lieu of a Letter of Transmittal), and (iii)&nbsp;all other documents required by the Letter of Transmittal prior to 5:00&nbsp;p.m. (Toronto time) on the third trading day on the TSX after the Expiry Time (except with respect to Rights Certificates if the Separation Time has occurred prior to the Expiry Time but Rights Certificates have not been distributed to Shareholders prior to the Expiry Time, in which case receipt must be made by the Depositary, at its office set out herein, on or prior to 5:00&nbsp;p.m. (Toronto time) on the third trading day on the TSX after the date, if any, that Rights Certificates are distributed to Shareholders). If the Separation Time occurs prior to the Expiry Time, then a deposit of Shares constitutes an agreement by the undersigned to deliver, for no additional consideration, one or more Rights Certificates representing SRP Rights equal in number to the number of Shares deposited under the Offer. New Gold reserves the right to require, if the Separation Time occurs prior to the Expiry Time, that the Depositary receive from the undersigned prior to taking up Shares for payment under the Offer, one or more Rights Certificates representing SRP Rights equal in number to the Shares deposited by the undersigned.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned also understands and acknowledges that under no circumstances will interest accrue or any amount be paid by New Gold or the Depositary on the purchase price of the Shares purchased by New Gold under the Offer, regardless of any delay in making such payment, and that the consideration for the Shares tendered pursuant to the guaranteed delivery procedures will be the same as that for the Shares delivered to the Depositary prior to the Expiry Time, even if the certificate(s)&nbsp;/DRS Advice representing all of the deposited Shares and, if applicable, the associated SRP Rights, to be delivered pursuant to the guaranteed delivery procedures set forth in Section&nbsp;3 of the Offer, &#147;Manner of Acceptance &#150; Procedure for Guaranteed Delivery&#148;, are not so delivered to the Depositary, and therefore payment by the Depositary on account of such Shares is not made, until after the take-up and payment for the Shares under the Offer.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All authority conferred or agreed to be conferred by this Notice of Guaranteed Delivery is, to the extent permitted by applicable Laws, irrevocable and may be exercised during any subsequent legal incapacity of the undersigned and shall, to the extent permitted by applicable Laws, survive the death or incapacity, bankruptcy or insolvency of the undersigned and all obligations of the undersigned under this Notice of Guaranteed Delivery shall be binding upon the heirs, executors, administrators, attorneys, personal representatives, successors and assigns of the undersigned.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THIS NOTICE OF GUARANTEED DELIVERY MUST BE DELIVERED BY HAND OR COURIER OR TRANSMITTED BY FACSIMILE OR MAILED TO THE DEPOSITARY AT ITS OFFICE SPECIFIED BELOW AT OR PRIOR TO THE EXPIRY TIME AND MUST INCLUDE A GUARANTEE BY AN ELIGIBLE INSTITUTION IN THE FORM&nbsp;SET OUT IN THIS NOTICE OF GUARANTEED DELIVERY.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">DELIVERY OF THIS NOTICE OF GUARANTEED DELIVERY AND THE LETTER OF TRANSMITTAL AND ACCOMPANYING CERTIFICATE(S)/DRS ADVICE REPRESENTING SHARES AND ALL OTHER REQUIRED DOCUMENTS TO ANY OFFICE OTHER THAN THE OFFICE OF THE DEPOSITARY SPECIFIED BELOW DOES NOT CONSTITUTE DELIVERY FOR PURPOSES OF SATISFYING A GUARANTEED DELIVERY.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.82%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">By Mail:</font></i></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:1.0pt;font-style:italic;">&nbsp;</font></i></p>    </td>
<td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">By Hand or by Courier:</font></i></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:1.0pt;font-style:italic;">&nbsp;</font></i></p>    </td>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">By Facsimile   Transmission:</font></i></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.82%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">&nbsp;</font></i></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">&nbsp;</font></i></p>    </td>
<td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.0%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">&nbsp;</font></i></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">&nbsp;</font></i></p>    </td>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">&nbsp;</font></i></p>    </td>   </tr>
<tr>
<td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.82%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">P.O.&nbsp;Box 702</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">31 Adelaide Street East</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Toronto, Ontario</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">M5C 3H2</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="30%" valign="top" style="padding:0in 0in 0in 0in;width:30.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">100 University Avenue</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8th Floor</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Toronto, Ontario</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">M5J 2Y1</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.08%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="35%" valign="top" style="padding:0in 0in 0in 0in;width:35.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(905) 771-4082</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TO CONSTITUTE DELIVERY FOR THE PURPOSE OF SATISFYING GUARANTEED DELIVERY, UPON RECEIPT OF THE CERTIFICATE(S)/DRS ADVICE TO WHICH THIS NOTICE OF GUARANTEED DELIVERY APPLIES, THE LETTER OF TRANSMITTAL, ACCOMPANYING CERTIFICATE(S)/DRS ADVICE AND ALL OTHER REQUIRED DOCUMENTS MUST BE DELIVERED TO THE SAME OFFICE OF THE DEPOSITARY WHERE THIS NOTICE OF GUARANTEED DELIVERY IS DELIVERED.</font></b></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THIS NOTICE OF GUARANTEED DELIVERY IS NOT TO BE USED TO GUARANTEE SIGNATURES ON THE LETTER OF TRANSMITTAL. IF A SIGNATURE ON THE LETTER OF TRANSMITTAL IS REQUIRED TO BE GUARANTEED BY AN ELIGIBLE INSTITUTION, SUCH SIGNATURE MUST APPEAR IN THE APPLICABLE SPACE IN THE LETTER OF TRANSMITTAL.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3<a name="PB_3_093856_5796"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='3',FILE='C:\JMS\105933\13-14720-1\task6100592\14720-1-kc-01.htm',USER='105933',CD='Jun 18 06:32 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">DO NOT SEND CERTIFICATES/DRS ADVICE REPRESENTING SHARES WITH THIS NOTICE OF GUARANTEED DELIVERY. CERTIFICATES/DRS ADVICE FOR SHARES MUST BE SENT WITH YOUR LETTER OF TRANSMITTAL.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4<a name="PB_4_093900_2897"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='4',FILE='C:\JMS\105933\13-14720-1\task6100592\14720-1-kc-01.htm',USER='105933',CD='Jun 18 06:32 2013' -->


<br clear="all" style="page-break-before:always;">
<div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TO:</font></b></p>    </td>
<td width="88%" valign="top" style="padding:0in 0in 0in 0in;width:88.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NEW GOLD INC.</font></b></p>    </td>   </tr>
<tr>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="88%" valign="top" style="padding:0in 0in 0in 0in;width:88.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.0%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">AND   TO:</font></b></p>    </td>
<td width="88%" valign="top" style="padding:0in 0in 0in 0in;width:88.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">COMPUTERSHARE TRUST COMPANY OF   CANADA</font></b></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned hereby deposits with New Gold, upon the terms and subject to the conditions set forth in the Offer and Circular and the Letter of Transmittal, receipt of which is hereby acknowledged, the Shares listed below pursuant to the guaranteed delivery procedure set forth in Section&nbsp;3 of the Offer, &#147;Manner of Acceptance &#150; Procedure for Guaranteed Delivery&#148;.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Box 1<br> SHARES<br> (Please print or type. If space is insufficient, please attach a list to this Notice of Guaranteed Delivery in the form below.)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="17%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:17.9%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Certificate<br>   Number(s)/DRS<br>   Advice&nbsp;Statement<br>   Number(s)<br>   (if&nbsp;available)</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="40%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:40.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Name(s)&nbsp;in&nbsp;which&nbsp;Share(s)&nbsp;is&nbsp;(are)&nbsp;Registered&nbsp;(fill&nbsp;in<br>   exactly&nbsp;as&nbsp;name(s)&nbsp;appear(s)&nbsp;on&nbsp;certificate(s)/DRS<br>   Advice)</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="18%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:18.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Number&nbsp;of&nbsp;Shares<br>   Represented&nbsp;by<br>   Certificate(s)/DRS<br>   Advice</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="18%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:18.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Number&nbsp;of<br>   Shares<br>   Deposited*</font></b></p>    </td>   </tr>
<tr>
<td width="17%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:17.9%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="40%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:40.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="18%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:18.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="18%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:18.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="17%" valign="top" style="padding:0in 0in 0in 0in;width:17.9%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="40%" valign="top" style="padding:0in 0in 0in 0in;width:40.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TOTAL:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="18%" valign="top" style="padding:0in 0in 0in 0in;width:18.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="18%" valign="top" style="padding:0in 0in 0in 0in;width:18.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="1" width="25%" noshade color="black" align="left"></div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*Unless otherwise indicated, the total number of Shares evidenced by all certificates/DRS Advice delivered with a Letter of Transmittal will be deemed to have been deposited.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders are required to deposit one SRP Right for each Share in order to effect a valid deposit of such Share or, if available, a Book-Entry Confirmation must be received by the Depositary with respect thereto. No additional payment will be made for the SRP Rights and no amount of the consideration to be paid by New Gold will be allocated by New Gold to the SRP Rights.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Box 2<br> SRP RIGHTS*<br> (Please print or type. If space is insufficient, please attach a list to this Notice of Guaranteed Delivery in the form below.)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="17%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:17.9%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Certificate<br>   Number(s)<br>   (if&nbsp;available)</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="40%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:40.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Name(s)&nbsp;in&nbsp;which&nbsp;Share(s)&nbsp;is&nbsp;(are)&nbsp;Registered&nbsp;(fill&nbsp;in<br>   exactly&nbsp;as&nbsp;name(s)&nbsp;appear(s)&nbsp;on&nbsp;certificate(s))</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="18%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:18.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Number&nbsp;of&nbsp;SRP<br>   Rights&nbsp;Represented<br>   by&nbsp;Certificate(s)</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="17%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:17.98%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Number&nbsp;of&nbsp;SRP<br>   Rights<br>   Deposited**</font></b></p>    </td>   </tr>
<tr>
<td width="17%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:17.9%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="40%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:40.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="18%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:18.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.04%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="17%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:17.98%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="17%" valign="top" style="padding:0in 0in 0in 0in;width:17.9%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="40%" valign="top" style="padding:0in 0in 0in 0in;width:40.0%;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TOTAL:</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="18%" valign="top" style="padding:0in 0in 0in 0in;width:18.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.04%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="17%" valign="top" style="padding:0in 0in 0in 0in;width:17.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="1" width="25%" noshade color="black" align="left"></div>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">*Need not be completed if the Separation Time has not occurred prior to the Expiry Time.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">**Unless otherwise indicated, the total number of SRP Rights evidenced by all certificates delivered with a Letter of Transmittal will be deemed to have been deposited.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5<a name="PB_5_095458_7748"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='5',FILE='C:\JMS\105455\13-14720-1\task6098977\14720-1-kc-03.htm',USER='105455',CD='Jun 15 10:02 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Box 3</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ELECTION FOR CASH OR NEW GOLD SHARES<br> (Shareholders must choose only <u>ONE</u> of the Alternatives below.</font></b><font size="2" style="font-size:10.0pt;">)</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under the Offer, the undersigned may elect the Cash Option or the Share Option with respect to all Deposited Shares (as defined in the Letter of Transmittal). The undersigned may not apportion the Deposited Shares between the Cash Option and the Share Option. The undersigned hereby elects as follows:</font></p>
<p style="margin:0in 0in .0001pt .8in;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .8in;text-indent:-.3in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b><font size="2" style="font-size:10.0pt;font-weight:bold;">ALTERNATIVE A: CASH OPTION</font></b></p>
<p style="margin:0in 0in .0001pt .8in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .8in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders that check this box will receive $3.83 cash for each Share deposited under the Offer (subject to pro ration, as described in the Offer and Circular).</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">OR</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .8in;text-indent:-.3in;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b><font size="2" style="font-size:10.0pt;font-weight:bold;">ALTERNATIVE B: SHARE OPTION</font></b></p>
<p style="margin:0in 0in .0001pt .8in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .8in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Shareholders that check this box will receive 0.5 of a New Gold Share for each Share deposited under the Offer (subject to pro ration, as described in the Offer and Circular).</font></p>
<p style="margin:0in 0in .0001pt .8in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">If the undersigned fails to properly elect one of the Alternatives set out above, the undersigned will be deemed to have elected the Cash Option for all of the Deposited Shares.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">No fractional New Gold Shares will be issued under the Offer. Any Shareholder who would otherwise be entitled to receive a fractional New Gold Share will receive the applicable number of New Gold Shares, rounded down to the nearest whole number, and cash in lieu of the fractional New Gold Share, rounded down to the nearest whole cent.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">IF A SHAREHOLDER DELIVERS THIS NOTICE OF GUARANTEED DELIVERY IN RESPECT OF SHARES TO BE DEPOSITED WITH A LETTER OF TRANSMITTAL, THE ELECTION (OR DEEMED ELECTION) MADE IN THIS NOTICE OF GUARANTEED DELIVERY AS TO THE CONSIDERATION TO BE RECEIVED UNDER THE OFFER WILL SUPERSEDE ANY ELECTION MADE IN A LETTER OF TRANSMITTAL.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SHAREHOLDER SIGNATURE(S)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Signature(s)&nbsp;of   Shareholder(s)</font></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Address(es)</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name (please print or   type)</font></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date</font></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Postal Code / Zip Code</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Daytime Telephone Number</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6<a name="PB_6_095728_141"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='6',FILE='C:\JMS\105455\13-14720-1\task6098977\14720-1-kc-03.htm',USER='105455',CD='Jun 15 10:02 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Box 4</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">TAX ELECTION</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To be completed by an Eligible Holder if such Eligible Holder has an interest in making and filing an income tax election (a &#147;<b>Tax Election</b>&#148;) pursuant to subsection 85(1)&nbsp;or 85(2)&nbsp;of the <i>Income Tax Act </i>(Canada) (and in each case, where applicable, the corresponding provisions of any applicable provincial income tax legislation) with respect to the transfer of its Shares to New Gold pursuant to the Offer.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">For information as to whether you should make a Tax Election, please see the Circular under the heading &#147;Certain Canadian Federal Income Tax Considerations &#150; Residents of Canada &#150; Disposition of Shares Under the Offer &#150; Exchange of Shares for New Gold Shares Only or a Combination of New Gold Shares and Cash &#150; Tax Election&#148;.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Compliance with the requirements to ensure a valid election is filed under subsection 85(1)&nbsp;or (2)&nbsp;of the Tax Act (and, where applicable, a valid election is filed under the corresponding provisions of any applicable provincial tax legislation) will be the sole responsibility of the Eligible Holder making such election, and such Eligible Holder will be solely responsible for the payment of any taxes, interest, penalties, damages or expenses arising in respect of any late filed Tax Election.&#160; <b>Accordingly, New Gold will not be responsible or liable for taxes, interest, penalties, damages or expenses resulting from the failure by anyone to properly complete any election form or to properly file it within the time prescribed and in the form prescribed under the Tax Act (or the corresponding provisions of any applicable provincial tax legislation). New Gold reserves the right not to execute and return to a Shareholder for filing any tax election form sent to it that is not fully completed and signed by an Eligible Holder.</b>&#160; Any Eligible Holder who does not ensure that the duly completed election forms have been received by New Gold on or before the day that is 45 days after the Take-Up Date for the Shares will not be able to benefit from the rollover provisions in section 85 of the Tax Act (or the corresponding provisions of any applicable provincial tax legislation).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By checking the box below, the undersigned (i)&nbsp;represents that the Shareholder depositing the Deposited Shares is an Eligible Holder, (ii)&nbsp;acknowledges that it is the Shareholder&#146;s responsibility to complete the appropriate tax election form(s)&nbsp;and send two copies of the completed election form(s)&nbsp;to New Gold in accordance with the procedures set out in the tax instruction letter (which can be obtained from the New Gold website at www.newgold.com) on or before 45 days after the Take-Up Date for the Shares, and (iii)&nbsp;acknowledges that it is the Shareholder&#146;s responsibility to file the tax election form with the Canada Revenue Agency (and, where applicable, any provincial tax authority) once it is returned to the Shareholder by New Gold and pay any applicable late filing penalties.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 35.1pt;text-indent:-35.1pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">o</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Check here if you are an Eligible Holder and you wish to further elect to make a joint tax election with New Gold under subsection 85(1)&nbsp;or (2)&nbsp;of the Tax Act (and the corresponding provisions of any applicable provincial tax legislation).<b> It is the Eligible Holder&#146;s responsibility to take the steps required to make a valid tax election.</b></font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7<a name="PB_7_100040_7608"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='7',FILE='C:\JMS\105455\13-14720-1\task6098977\14720-1-kc-03.htm',USER='105455',CD='Jun 15 10:02 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">GUARANTEE OF DELIVERY<br> (Not to be used for signature guarantee)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned, an Eligible Institution, guarantees delivery to the Depositary, at its address set forth herein, of the certificate(s)/DRS Advice representing the Shares deposited hereby, in proper form for transfer together with delivery of a properly completed and executed Letter of Transmittal in the form accompanying the Offer and Circular, or an originally signed facsimile copy thereof, and all other documents required by the Letter of Transmittal, all on or before 5:00&nbsp;p.m. (Toronto time) on the third trading day on the TSX after the Expiry Time.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Failure to comply with the foregoing could result in a financial loss to such Eligible Institution.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.02%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.02%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name of Firm</font></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Authorized Signature</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.02%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.02%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.02%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Address of Firm</font></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.02%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.02%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.02%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Postal / Zip Code</font></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.02%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.02%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.02%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Area Code and Telephone   Number</font></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8<a name="PB_8_100153_8146"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='8',FILE='C:\JMS\105455\13-14720-1\task6098977\14720-1-kc-03.htm',USER='105455',CD='Jun 15 10:02 2013' -->


<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Depositary for the Offer is:</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="186" height="47" src="g147201kc05i001.jpg" alt="GRAPHIC"></font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="28%" valign="top" style="padding:0in 0in 0in 0in;width:28.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">By Mail</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="38%" valign="top" style="padding:0in 0in 0in 0in;width:38.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">By Hand or by Courier</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="28%" valign="top" style="padding:0in 0in 0in 0in;width:28.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">By Facsimile Transmission</font></b></p>    </td>   </tr>
<tr>
<td width="28%" valign="top" style="padding:0in 0in 0in 0in;width:28.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="38%" valign="top" style="padding:0in 0in 0in 0in;width:38.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="28%" valign="top" style="padding:0in 0in 0in 0in;width:28.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="28%" valign="top" style="padding:0in 0in 0in 0in;width:28.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">P.O.&nbsp;Box 702</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">31 Adelaide Street East</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Toronto, Ontario M5C 3H2</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Attention: Corporate   Actions</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="38%" valign="top" style="padding:0in 0in 0in 0in;width:38.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">100 University Avenue</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8th Floor</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Toronto, Ontario M5J 2Y1</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Attention: Corporate   Actions</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="28%" valign="top" style="padding:0in 0in 0in 0in;width:28.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(905) 771-4082</font></p>    </td>   </tr>
<tr>
<td width="28%" valign="top" style="padding:0in 0in 0in 0in;width:28.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="38%" valign="top" style="padding:0in 0in 0in 0in;width:38.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="28%" valign="top" style="padding:0in 0in 0in 0in;width:28.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="28%" valign="top" style="padding:0in 0in 0in 0in;width:28.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="38%" valign="top" style="padding:0in 0in 0in 0in;width:38.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Toll Free: 1-800-564-6253</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="28%" valign="top" style="padding:0in 0in 0in 0in;width:28.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="28%" valign="top" style="padding:0in 0in 0in 0in;width:28.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="38%" valign="top" style="padding:0in 0in 0in 0in;width:38.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">E-mail:   corporateactions@computershare.com</font></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="28%" valign="top" style="padding:0in 0in 0in 0in;width:28.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The Information Agent for the Offer is:</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="257" height="48" src="g147201kc05i002.jpg" alt="GRAPHIC"></font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Exchange Tower</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">130&nbsp;King Street West, Suite&nbsp;2950, P.O.&nbsp;Box&nbsp;361</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Toronto, Ontario M5X&nbsp;1E2</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">North American Toll Free Phone:</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1-888-518-6796</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">E-mail: contactus@kingsdaleshareholder.com</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Facsimile: (416)&nbsp;867-2271</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Toll Free Facsimile: 1-866-545-5580</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Outside North America, Banks and Brokers Call Collect: (416)&nbsp;867-2272</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Any questions or requests for assistance or additional copies of the Offer and Circular, the Letter of Transmittal or this Notice of Guaranteed Delivery may be directed to the Depositary or the Information Agent at the telephone numbers and locations set out above. Shareholders may also contact their investment advisor, stockbroker, bank, trust company or other nominee for assistance concerning the Offer.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105455\13-14720-1\task6098977\14720-1-kc-05.htm',USER='105455',CD='Jun 15 10:44 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1.4
<SEQUENCE>5
<FILENAME>a13-14720_1ex1d4.htm
<DESCRIPTION>EX-1.4
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 1.4</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img width="237" height="85" src="g147201kdi001.jpg"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;18, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dear Shareholder of Rainy River Resources Ltd.:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On behalf of the Board of Directors and management of New Gold Inc., we are pleased to provide you with our offer to purchase all of the outstanding common shares of Rainy River Resources Ltd.&#160; We hold both the Rainy River asset and your management team, which has successfully carried the project to this stage, in high regard. We believe that our offer demonstrates New Gold&#146;s level of commitment to the further advancement of your project. Lastly, we hope that you, like us, see the great benefits and opportunities that would result from the proposed transaction.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For each Rainy River share that you tender to the offer, you will be entitled to receive, at your option, either C$3.83 in cash or 0.5 of a common share of New Gold, in each case subject to pro ration as described in the Offer and Circular. You may choose which ever option best suits your investment objectives. Eligible Rainy River shareholders may elect to receive their New Gold shares on a tax-deferred basis.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The Board of Directors of Rainy River, upon consultation with its financial and legal advisors and on receipt of a unanimous recommendation from its Special Committee, has unanimously approved this offer and recommends that you accept the offer and tender your Rainy River shares. All of the directors and executive officers of Rainy River, who collectively hold approximately </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">4.8</font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">% of the Rainy River shares (on a fully-diluted basis assuming the exercise of all outstanding in-the-money stock options of Rainy River), have agreed to tender their Rainy River shares into our offer.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The offer will be open for acceptance until 5:00&nbsp;p.m. (Toronto time) on July&nbsp;24, 2013 unless the offer is extended or withdrawn. If your shares are registered in the name of an investment advisor, stockbroker, bank, trust company or other nominee you must instruct your brokers or other intermediaries promptly, if you wish to&nbsp;tender.&#160; Intermediaries likely have established tendering cut-off times that are up to 48&nbsp;hours prior to the Expiry Time.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Why You Should Accept this Offer</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Our Board of Directors strongly believes that this transaction will create value for shareholders of Rainy River and that it offers the following benefits and opportunities:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Attractive Premium to Historical Trading Prices: </font></i></b><font size="2" style="font-size:10.0pt;">On the date of announcement, our offer represented a premium of 67% to the 20-day volume-weighted average trading price of Rainy River shares on the Toronto Stock Exchange.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Improved Liquidity for all Shareholders: </font></i></b><font size="2" style="font-size:10.0pt;">By accepting this offer you will become part of a much larger shareholder base and the New Gold shares you receive will offer you significantly increased trading liquidity.&#160; New Gold&#146;s current market capitalization is approximately C$3.3 billion, as compared to Rainy River&#146;s market capitalization of approximately C$368 million as at June&nbsp;14, 2013 and our shares trade on both the Toronto and New York stock exchanges.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Access to New Gold&#146;s Strong Balance Sheet and Current and Operating Cash Flow:</font></i></b><font size="2" style="font-size:10.0pt;"> One of New Gold&#146;s key areas of focus is maintaining its strong financial position and maximizing our financial flexibility. At March&nbsp;31, 2013 New Gold had $672 million in cash and cash equivalents on our balance sheet. During 2012, our company generated $236 million in net cash from operations and in the first quarter of 2013, net cash generated from operations was $59 million. By accepting this offer you will gain access to our financial position and anticipated cash flow generation which should serve to facilitate the development of your Rainy River project.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Ability to Partner with New Gold&#146;s Experienced Management and Operating Teams:</font></i></b><font size="2" style="font-size:10.0pt;"> We view the combination of the New Gold and Rainy River teams as a formidable one. Our team has a strong track record of both project development and operations. Through the years, we have successfully developed the Cerro San Pedro mine, the Mesquite mine and, most recently, the New Afton mine. At the same time, we have managed to deliver on both our</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\jms\105538\13-14720-1\task6100530\14720-1-kd.htm',USER='105538',CD='Jun 18 05:13 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">company&#146;s production and cash cost guidance for each of the last four years. In conjunction with the Rainy River team, we look forward to making the Rainy River project a similar success story for the benefit of all stakeholders.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Please read the additional information in the Offer and Circular provided in this package and if you have any questions, you may contact Kingsdale Shareholder Services Inc., the Information Agent, at 1-888-518-6796&nbsp;or contactus@kingsdaleshareholder.com.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To help you understand these formal documents, we also encourage you to consult with your financial and legal advisors.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Once again, we ask you to consider our offer and invite you to join us in further establishing New Gold as the world&#146;s leading intermediate gold producer.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yours very truly,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Randall Oliphant<br> Executive Chairman<br> New Gold Inc.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">The statements contained under the heading &#147;Forward-Looking Statements&#148; in the accompanying Offer and Circular are incorporated by reference herein.&#148;</font></i></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2<a name="PB_2_042445_7056"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='2',FILE='C:\jms\105538\13-14720-1\task6100530\14720-1-kd.htm',USER='105538',CD='Jun 18 05:13 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.1
<SEQUENCE>6
<FILENAME>a13-14720_1ex2d1.htm
<DESCRIPTION>EX-2.1
<TEXT>
<html>
<head>

    <!--Licensed to: New Gold Inc.-->
    <!--Document Created using EDGARizer 2020 5.4.5.0-->
    <!--Copyright 1995 - 2013 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
<hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
</div>

<div style="TEXT-ALIGN: right">Exhibit 2.1</div>

<div>&#160;</div>

<div>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ACQUISITION AGREEMENT</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NEW GOLD INC.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">- and -</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">RAINY RIVER RESOURCES LTD.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">May 31, 2013</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">TABLE OF CONTENTS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="3" valign="top" width="80%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">ARTICLE 1</font></div>
</td>
</tr><tr>
<td colspan="3" valign="top" width="80%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-DECORATION: underline">INTERPRETATION</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.1</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Definitions</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.2</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Construction</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.3</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Currency</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.4</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Knowledge</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.5</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Disclosure Letter</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.6</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Schedules</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12</font></div>
</td>
</tr><tr>
<td colspan="3" valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td colspan="3" valign="top" width="80%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">ARTICLE 2</font></div>
</td>
</tr><tr>
<td colspan="3" valign="top" width="80%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-DECORATION: underline">OFFER</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.1</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Offer</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.2</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Board Approval and Company Support for the Offer</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">17</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.3</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Consent Under Confidentiality Agreement</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">18</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.4</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Options and Warrants and Other Rights</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">18</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.5</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change of Board</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">19</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.6</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Compulsory Acquisition/Subsequent Acquisition Transaction</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">20</font></div>
</td>
</tr><tr>
<td colspan="3" valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td colspan="3" valign="top" width="80%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">ARTICLE 3</font></div>
</td>
</tr><tr>
<td colspan="3" valign="top" width="80%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-DECORATION: underline">REPRESENTATIONS AND WARRANTIES OF THE OFFEROR</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.1</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Representations and Warranties</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">20</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.2</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Survival of Representations and Warranties</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">20</font></div>
</td>
</tr><tr>
<td colspan="3" valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td colspan="3" valign="top" width="80%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">ARTICLE 4</font></div>
</td>
</tr><tr>
<td colspan="3" valign="top" width="80%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-DECORATION: underline">REPRESENTATIONS AND WARRANTIES OF THE COMPANY</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.1</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Representations and Warranties</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">21</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.2</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Investigation</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">21</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.3</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Survival of Representations and Warranties</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">21</font></div>
</td>
</tr><tr>
<td colspan="3" valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td colspan="3" valign="top" width="80%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">ARTICLE 5</font></div>
</td>
</tr><tr>
<td colspan="3" valign="top" width="80%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-DECORATION: underline">CONDUCT OF BUSINESS</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5.1</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Conduct of Business by the Company</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">21</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5.2</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Covenants of the Offeror</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">26</font></div>
</td>
</tr><tr>
<td colspan="3" valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td colspan="3" valign="top" width="80%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">ARTICLE 6</font></div>
</td>
</tr><tr>
<td colspan="3" valign="top" width="80%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-DECORATION: underline">COVENANTS RELATING TO ACQUISITION PROPOSALS</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6.1</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Non-Solicitation</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">27</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6.2</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Notification of Acquisition Proposals</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">28</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6.3</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Responding to Acquisition Proposals and Superior Proposals</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">28</font></div>
</td>
</tr><tr>
<td colspan="3" valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td colspan="3" valign="top" width="80%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">ARTICLE 7</font></div>
</td>
</tr><tr>
<td colspan="3" valign="top" width="80%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-DECORATION: underline">OTHER COVENANTS</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.1</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Further Assurances</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">31</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.2</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Notification of Certain Matters</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">31</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.3</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Access</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">31</font></div>
</td>
</tr></table>
</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2&#160;</font> </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.4</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Shareholder Claims</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">32</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.5</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Public Statements</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">32</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.6</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Directors' and Officers' Insurance and Indemnification</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">32</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.7</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Regulatory Filings and Approvals</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">33</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.8</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cooperation Regarding Regulatory Filings and Approvals</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">33</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.9</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Alternative Transaction and Pre-Acquisition Reorganization</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">34</font></div>
</td>
</tr><tr>
<td colspan="3" valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td colspan="3" valign="top" width="80%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">ARTICLE 8</font></div>
</td>
</tr><tr>
<td colspan="3" valign="top" width="80%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-DECORATION: underline">TERMINATION</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8.1</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Termination</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">36</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8.2</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Termination Payment</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">38</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8.3</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Effect of Termination</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">39</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8.4</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Remedies</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">40</font></div>
</td>
</tr><tr>
<td colspan="3" valign="top" width="80%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td colspan="3" valign="top" width="80%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">ARTICLE 9</font></div>
</td>
</tr><tr>
<td colspan="3" valign="top" width="80%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-DECORATION: underline">GENERAL PROVISIONS</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.1</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Amendment</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">40</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.2</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Waiver</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">40</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.3</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Expenses; Advisors</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">41</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.4</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Notices</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">41</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.5</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Severability</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">42</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.6</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Entire Agreement</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">42</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.7</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Assignment</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">42</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.8</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Governing Law</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">42</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.9</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Contra Proferentum</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">43</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.10</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">No Third Party Beneficiaries</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">43</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.11</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Time of Essence</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">43</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.12</font></div>
</td>
<td align="left" valign="top" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Counterparts</font></div>
</td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">43</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Schedule A&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;CONDITIONS OF THE OFFER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Schedule B&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;PRORATION PRINCIPLES</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Schedule C&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;REPRESENTATIONS AND WARRANTIES OF THE OFFEROR</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Schedule D&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;REPRESENTATIONS AND WARRANTIES OF THE COMPANY</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">ACQUISITION AGREEMENT</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">THIS AGREEMENT made as of the 31<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">st</font> day of May, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">BETWEEN:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 108pt; MARGIN-RIGHT: 108pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NEW GOLD INC.</font>,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 108pt; MARGIN-RIGHT: 108pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a corporation existing under the laws of British Columbia,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 108pt; MARGIN-RIGHT: 108pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(hereinafter referred to as the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offeror</font>"),</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- and -</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 108pt; MARGIN-RIGHT: 108pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">RAINY RIVER RESOURCES LTD.</font>,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 108pt; MARGIN-RIGHT: 108pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a corporation existing under the laws of British Columbia,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 108pt; MARGIN-RIGHT: 108pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(hereinafter referred to as the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company</font>")</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">WHEREAS the Offeror desires to acquire all of the common shares of the Company, including all common shares issuable on exercise of the Options, the Warrants (as such terms are defined herein) and any other outstanding rights to issue common shares, together with any rights (the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">SRP Rights</font>&#8221;) attached to such common shares pursuant to the Shareholder Rights Plan (as hereinafter defined), and is prepared to make an offer to acquire such common shares and SRP Rights;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">AND WHEREAS contemporaneously herewith, the Offeror has entered into a lock-up agreement (the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Lock-Up Agreement</font>&#8221;) with each of the Locked-Up Board and Management Shareholders (as defined herein) who hold, in aggregate 1.7% of the outstanding common shares of the Company on a fully-diluted basis, pursuant to which, among other things, each such shareholder has agreed to tender to the Offer (as defined herein) all of the common shares of the Company (including all SRP Rights attached to such common shares), on the terms and conditions set out in such agreement, held by them (including common shares issuable on exercise of Options and the SRP Rights attached thereto), on the terms and subject to the conditions set forth in such agreements;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">AND WHEREAS the Board (as defined herein) has determined, after receiving financial and legal advice and following the receipt and review of recommendations from the Special Committee (as defined herein), that it would be advisable and in the best interests of the Company and the holders of the common shares of the Company for the Company to enter into this Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">NOW THEREFORE THIS AGREEMENT WITNESSES that, in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each party, the parties hereby covenant and agree as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 2 -&#160;</font> </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 1</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">INTERPRETATION</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Definitions</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In this Agreement, unless something in the subject matter or context is inconsistent therewith, the following terms shall have the respective meanings set out below and grammatical variations shall have the corresponding meanings:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Acquisition Proposal</font>" means:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any take-over bid, issuer bid, amalgamation, plan of arrangement, business combination, merger, tender offer, exchange offer, consolidation, recapitalization, reorganization, liquidation, dissolution or winding-up in respect of the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any sale of assets (or any lease, long-term supply arrangement, licence or other arrangement having the same economic effect as a sale) of the Company or the Company Subsidiary representing 20% or more of the consolidated assets, revenues or earnings of the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any sale or issuance of shares or other equity interests (or securities convertible into or exercisable for such shares or interests) in the Company representing 20% or more of the issued and outstanding equity or voting interests of the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any similar transaction or series of transactions involving the Company or the Company Subsidiary; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any inquiry, proposal, offer or public announcement of an intention to do any of the foregoing;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Advance Ruling Certificate</font>" means an advance ruling certificate issued by the Commissioner pursuant to section 102 of the Competition Act with respect to the transactions contemplated in this Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Affiliate</font>" has the meaning given to it in the Securities Act;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Agreement</font>" means this acquisition agreement entered into by the Company and the Offeror;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Alternative Transaction</font>" has the meaning set out in Section 7.9(a);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Associate</font>" has the meaning given to it in the Securities Act;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">BCBCA</font>" means the Business Corporations Act (British Columbia);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Board</font>" means the board of directors of the Company;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Board Approval</font>" has the meaning set out in Section 2.2(a)(ii);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">-&#160;3 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Budgeted Operating and Capital Expenditures</font>" means the operating and capital expenditures that have been budgeted by the Company in connection with its current work programs, which total approximately $22 million for the balance of 2013, and include planned mineral property acquisitions, which total approximately $5 million, for the period from the date hereof to the end of calendar 2013, based on the Company&#8217;s monthly 2013 budget, a copy of which is attached as Schedule "A" to the Disclosure Letter;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Business Day</font>" means a day, other than a Saturday or a Sunday, on which the principal commercial banks located in Toronto, Ontario and Vancouver, British Columbia are open for the conduct of business;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Canadian Income Tax Legislation</font>" has the meaning set out in Section 2.1(i);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Cash Electing Shareholder</font>" has the meaning set out in Schedule B;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Cash Option</font>" has the meaning set out in Section 2.1(a);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Claim</font>" means any act, omission or state of facts and any demand, action, suit, proceeding, claim, assessment, judgment, settlement or compromise relating thereto which gives rise pursuant to Section 7.6 to a right to indemnification upon the indemnified party giving notice of such claim in respect thereof to the indemnifying party;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Code</font>" means the United States Internal Revenue Code of 1986, as amended;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Commissioner</font>" means the Commissioner of Competition appointed under subsection 7(1) of the Competition Act, or his designee;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company</font>" means Rainy River Resources Ltd.;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company Expense Reimbursement Amount</font>" has the meaning set out in Section 8.2(d);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company Governing Documents</font>" has the meaning set out in Section 1 of Schedule D;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company Properties</font>" has the meaning set out in Section 12(a) of Schedule D;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company Public Documents</font>" has the meaning set out in Section 8(b) of Schedule D;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company Share</font>" means a common share of the Company together with the SRP Right attached to each common share pursuant to the Shareholder Rights Plan;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company Subsidiary</font>" means 608547 B.C. Ltd.;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Competition Act</font>" means the Competition Act (Canada) and the regulations promulgated thereunder, as amended from time to time;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Competition Act Approval</font>" means:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;4 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">issuance of an Advance Ruling Certificate where such Advance Ruling Certificate has not been rescinded prior to the Expiry Time; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Offeror and Company have given notice required under section 114 of the Competition Act with respect to the transactions contemplated by the Agreement and the applicable waiting periods under section 123 of the Competition Act have expired or have been terminated or waived in accordance with the Competition Act; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the obligation to give the requisite notice has been waived pursuant to paragraph 113(c) of the Competition Act;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and, in the case of (b) or (c), a No-Action Letter, in a form acceptable to the Offeror, acting reasonably, has been issued and has not been rescinded prior to the Expiry Time (except where such rescission is owing to any conduct by the Offeror).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Compulsory Acquisition</font>" means a compulsory acquisition pursuant to the compulsory acquisition provisions contained in Section 300 of the BCBCA;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Confidentiality Agreements</font>" means the confidentiality agreements dated May 3, 2013, May 22, 2012 and December 1, 2009, respectively, between the Company and the Offeror;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Directors' Circular</font>" has the meaning set out in Section 2.2(b);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Disclosure Letter</font>" means the disclosure letter delivered by the Company to the Offeror contemporaneously with the execution and delivery of this Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Effective Time</font>" means the time of the appointment or election to the Board of persons designated by the Offeror who represent a majority of the directors of the Company;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Employees</font>" has the meaning set out in Section 15(e) of Schedule D;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Employee Share Purchase Plan</font>" means the Employee Share Purchase Plan of the Company having an effective date of April 17, 2012;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Encumbrance</font>" includes any mortgage, pledge, assignment, charge, lien, claim, security interest, adverse interest, adverse claim, other third party interest or encumbrance of any kind, whether contingent or absolute, and any agreement, option, right or privilege (whether by Law, contract or otherwise) capable of becoming any of the foregoing;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Environmental Laws</font>" has the meaning set out in Section 18 of Schedule D;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Exchange Act</font>" means the United States Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Expiry Time</font>" has the meaning set out in Section 2.1(h);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;5 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Fairness Opinions</font>" has the meaning set out in Section 2.2(a)(i);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Fairness Opinion Provider</font>&#8221; means CIBC World Markets Inc.;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Financial Advisor</font>" means BMO Nesbitt Burns Inc.;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">fully-diluted basis</font>" means, with respect to the number of outstanding Company Shares at any time, the number of Company Shares that would be outstanding if all rights to acquire Company Shares were exercised, including, for the purposes of this calculation, all Company Shares issuable upon the exercise of Options, whether vested or unvested, and Warrants, whether or not such securities are exercisable by the holder;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Guarantees</font>" has the meaning set out in Section 24 of Schedule D;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">IFRS</font>"&#160;&#160;&#160;means International Financial Reporting Standards and refers to the accounting framework, standards and interpretations issued by the International Accounting Standards Board, as updated and amended from time to time, and comprise International Financial Reporting Standards, International Accounting Standards, IFRIC Interpretations (as issued by the IFRS Interpretations Committee) and SIC Interpretations (as issued by the Standing Interpretations Committee);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Latest Mailing Time</font>" has the meaning set out in Section 2.1(f);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Law</font>" means any applicable laws, including international, national, provincial, state, municipal and local laws, treaties, statutes, ordinances, judgments, decrees, injunctions, writs, certificates and orders, by-laws, rules, regulations, ordinances, or other requirements of any Regulatory Authority having the force of law;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Locked-Up Board and Management Shareholders</font>" means each of the directors and officers of the Company;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Locked-Up Significant Shareholders</font>&#8221; means certain shareholders of the Company beneficially owning in excess of 5% of the issued and outstanding Company Shares;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Lock-Up Agreements</font>" has the meaning set out on page 1 of this Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Match Period</font>" has the meaning set out in Section 6.3(b)(iv);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Material Adverse Effect</font>" means, in respect of a person, any effect that is, or could reasonably be expected to be, material and adverse to the business, condition (financial or otherwise), properties, assets (tangible or intangible), prospects, liabilities (whether absolute, accrued, conditional or otherwise), operations or results of operations of such person and its subsidiaries taken as a whole, other than any effect:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">relating to the economy, political conditions or securities markets in general in the jurisdictions in which such person has material operations or to any natural disaster, epidemic, act of terrorism or sabotage, military action or war (whether or not declared) or any escalation or worsening thereof;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;6 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">affecting the gold mining industry in general;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">resulting from a change in the market price for gold;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">related to any changes in currency exchange rates, interest rates or inflation;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">resulting from compliance with this Agreement or from any action or inaction of the Company or the Company Subsidiary to which the Offeror has expressly consented in writing;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">relating to a change in the market trading price of shares of that person, either:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">related to this Agreement and the Offer or the announcement thereof, or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">related to such a change in the market trading price primarily resulting from a change, effect, event or occurrence excluded from this definition of Material Adverse Effect referred to in clause (a), (b), (c), (d), (e) and (g); or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">relating to any generally applicable change in applicable Laws (other than orders, judgments or decrees against such person or any of its subsidiaries) or in accounting principles or standards applicable to that person;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">provided, however, that the effect referred to in clause (a), (b), (c), (d), (e) or (g) above does not primarily relate only to (or have the effect of primarily relating only to) such person and its subsidiaries, taken as a whole, or disproportionately adversely affect such person and its subsidiaries, taken as a whole, compared to other companies of similar size operating in the industry in which it and its subsidiaries operate;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Material Property</font>" means the Rainy River Gold Project located 65 kilometres northwest of Fort Francis in Northwestern Ontario, which is the subject of the Technical Report;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Maximum Cash Consideration</font>" has the meaning set out in Section 2.1(b);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Maximum Share Consideration</font>" has the meaning set out in Section 2.1(b);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Maximum Take-up Date Cash Consideration</font>" has the meaning set out in Schedule B;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Maximum Take-up Date Share Consideration</font>" has the meaning set out in Schedule B;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Mineral Property Option Agreements</font>&#8221; means, collectively, the 21 mineral property option agreements entered into by the Company, as disclosed in the Disclosure Letter;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Minimum Tender Condition</font>" has the meaning set out in Schedule A;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;7 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Misrepresentation</font>" means an untrue statement of a material fact or an omission to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances in which it was made;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">No-Action Letter</font>" means a written letter from the Commissioner to the Offeror confirming that the Commissioner does not, at that time, intend to make an application under section 92 of the Competition Act;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Non-U.S. Company Subsidiary</font>" means the Company Subsidiary and any other subsidiary that is not or was not, as the case may be, a United States person within the meaning of section 7701(a)(3) of the Code;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">New Gold Public Documents</font>" has the meaning set out in Section 5 of Schedule C;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">New Gold Shares</font>" means the common shares of the Offeror;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Notification</font>" means a notification under Part IX of the Competition Act;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Number of Delivered New Gold Shares</font>" has the meaning set out in Schedule B;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">NYSE MKT</font>" means the NYSE MKT LLC;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offer</font>" has the meaning set out in Section 2.1(a);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offer Circular</font>" has the meaning set out in Section 2.1(d);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offer Documents</font>" has the meaning set out in Section 2.1(d);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offeror</font>" means New Gold Inc.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offeror Expense Reimbursement Amount</font>" has the meaning set out in Section 8.2(b);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Option Plans</font>" means the Incentive Stock Option Plan of the Company as ratified, confirmed and approved by the Shareholders on May 28, 2012 which governs an aggregate of 1,705,000 Options having an exercise price of $4.81 expiring December 17, 2017, and the 2002 Stock Option Plan (amended) of the Company that governs an aggregate of 8,130,968 Options having expiry dates ranging from November 12, 2013 through May 1, 2017 and having exercise prices ranging from $0.83 through $12.65;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Optionholders</font>" means holders of the Options;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Options</font>" means, collectively, the options currently issued and outstanding pursuant to the Option Plans;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Outside Date</font>" has the meaning set out in Section 8.1(e);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Participation Agreement</font>&#8221; means the Participation Agreement entered into between the Company and the First Nations identified as signatories therein, dated as of March 22, 2012, as amended November 9, 2012, as disclosed in the Disclosure Letter;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;8 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">party</font>" means a party to this Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">person</font>" means an individual, general partnership, limited partnership, corporation, company, limited liability company, unincorporated association, unincorporated syndicate, unincorporated organization, trust, trustee, executor, administrator or other legal representative;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Pre-Acquisition Reorganization</font>" has the meaning set out in Section 7.9(b);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Purchase Price</font>" has the meaning set out in Section 2.1(a);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Regulatory Authority</font>" means:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any multinational or supranational body or organization, nation, government, state, province, country, territory, municipality, quasi-government, administrative, judicial or regulatory authority, agency, board, body, bureau, commission, instrumentality, court or tribunal or any political subdivision thereof, or any central bank (or similar monetary or regulatory authority) thereof, any taxing authority, any ministry or department or agency of any of the foregoing;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any self-regulatory organization or stock exchange, including the TSX and the NYSE MKT;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any corporation or other entity owned or controlled, through stock or capital ownership or otherwise, by any of such entities or other bodies pursuant to the foregoing;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Representative</font>" means, in respect of a person, its subsidiaries and its Affiliates and its and their directors, officers, employees, agents and representatives (including any financial, legal or other advisors);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Securities Act</font>" means the <font style="FONT-STYLE: italic">Securities Act</font> (British Columbia);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Securities Laws</font>" means the Securities Act and all other applicable Canadian provincial and territorial securities laws, rules and regulations made thereunder (including for greater certainty, OSC Rule 62-504 <font style="FONT-STYLE: italic">Takeover Bids and Issuer Bids</font> and Multilateral Instrument 62-104 <font style="FONT-STYLE: italic">Takeover Bids and Issuer Bids</font>), and published policies in respect thereof, as now in effect and as they may be promulgated, published or amended from time to time;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Securityholders</font>" means, collectively, Shareholders, Optionholders and holders of Warrants;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Share Electing Shareholder</font>" has the meaning set out in Schedule B;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;9 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Share Option</font>" has the meaning set out in Section 2.1(a);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Shareholder Rights Plan</font>" means the shareholder rights plan of the Company dated February 6, 2012, ratified by Shareholders on May 28, 2012;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Shareholders</font>" means holders of the Company Shares;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Special Committee</font>" means the committee of the Board composed of Dale Peniuk, Stuart Averill, Leo Berezan, James Excell and Richard Pettit;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">SRP Rights</font>&#8221; has the meaning set out on page 1 of this Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Subsequent Acquisition Transaction</font>" has the meaning set out in Section 2.6;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">subsidiary</font>" means, with respect to a person, any body corporate of which more than 50% of the outstanding shares ordinarily entitled to elect a majority of the board of directors thereof (whether or not shares of any other class shall or might be entitled to vote upon the happening of any event or contingency) are at the time owned directly or indirectly by such person and shall include any body corporate, partnership, joint venture or other entity over which it exercises direction or control or which is in a like relation to a subsidiary;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Superior Proposal</font>" means a <font style="FONT-STYLE: italic">bona fide</font> Acquisition Proposal that:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">is made in writing after the date hereof;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">was not solicited after the date hereof in contravention of Section 6.1(a) and did not result from the breach of Article 6 by the Company or its Representatives;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">is made for all or substantially all of the consolidated assets of the Company or all of the Company Shares not owned by the person making such Acquisition Proposal;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the good faith determination of the Board, after consultation with its outside legal and financial advisors:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">would, if consummated in accordance with its terms (but not assuming away any risk of non-completion), result in a transaction more favourable to the Shareholders from a financial point of view than the Offer (including any amendment to the Offer offered by the Offeror pursuant to Section 6.3(c)) taking into account the form and amount of consideration, the likelihood and timing of completion and the other terms thereof (after due consideration of the legal, financial, regulatory and other aspects of such proposal and other factors deemed relevant by the Board);</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">complies with applicable Law;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">is not subject to a due diligence condition;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;10 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">is reasonably capable of being completed in accordance with its terms without undue delay, taking into account all legal, financial, regulatory and other aspects of such proposal and the party making such proposal;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(v)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in respect of which the financing is then committed; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(vi)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the taking of action in respect of such Acquisition Proposal is necessary for the Board in the discharge of its duties under applicable Law;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Superior Proposal Notice</font>" has the meaning set out in Section 6.3(b)(iii);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Take-Up Date</font>" means any date on which the Offeror takes up and pays for Company Shares pursuant to the Offer or acquires Company Shares pursuant to a Compulsory Acquisition or a Subsequent Acquisition Transaction;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Tax</font>" and "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Taxes</font>" means (a) 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, ad valorem taxes, value added taxes, transfer taxes, franchise taxes, licence taxes, withholding taxes, payroll taxes, employment taxes, Canada Pension Plan or Qu&#233;bec Pension Plan premiums, excise, severance, social security, workers' 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, 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, and (b) any liability for the payment of any amount described in clause (a) of this definition as a result of being liable for another person's Taxes as a transferee or successor, by contract or otherwise;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Tax Act</font>" means the <font style="FONT-STYLE: italic">Income Tax Act</font> (Canada) and the regulations promulgated thereunder, as amended;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Tax Returns</font>" means all returns, declarations, reports, elections, information returns, statements and other documents filed or required to be filed with any taxing authority relating to Taxes;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Technical Report</font>" means the current technical report on the Material Property entitled "Feasibility Study of the Rainy River Gold Project, Ontario, Canada" dated May 23, 2013;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Termination Payment</font>" has the meaning set out in Section 8.2(a);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Termination Payment Event</font>" has the meaning set out in Section 8.2(a);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;11 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Treasury Regulations</font>" means Regulations of the United States Department of the Treasury and/or the United States Internal Revenue Service promulgated under or in respect of the Code;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">TSX</font>" means the Toronto Stock Exchange;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">U.S. Securities Act</font>" means the United States Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">U.S. Securities Laws</font>" means all applicable securities laws in the United States, including the U.S. Securities Act, the Exchange Act and any applicable state securities laws; and</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"<font style="DISPLAY: inline; FONT-WEIGHT: bold">Warrants</font>" means the share purchase warrants issued to Betram James Robinson in connection with the purchase by the Company of the Material Property, and expiring on February 2, 2017 with an exercise price of $10.00 per Company Share and relating to the right to purchase an aggregate of 100,000 Company Shares.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Construction</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In this Agreement, unless otherwise expressly stated or the context otherwise requires:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to "herein", "hereby", "hereunder", "hereof" and similar expressions are references to this Agreement and not to any particular Section of or Schedule to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to a "Section" or a "Schedule" are references to a Section of or Schedule to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">words importing the singular shall include the plural and vice versa, and words importing gender shall include the masculine, feminine and neuter genders;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the use of headings is for convenience of reference only and shall not affect the construction or interpretation hereof;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">if the date on which any action is required to be taken hereunder by any of the parties is not a Business Day, such action shall be required to be taken on the next succeeding day that is a Business Day;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a period of Business Days is to be computed as beginning on the day following the event that began the period and ending at 4:30 p.m. (Toronto time) on the last day of the period if the period is a Business Day or at 4:30 p.m. (Toronto time) on the next Business Day if the last day of the period does not fall on a Business Day;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;12 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the terms "material" and "materially" shall, when used in this Agreement, be construed, measured or assessed on the basis of whether the matter would materially affect a party and its subsidiaries, taken as a whole;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(h)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to any legislation or to any provision of any legislation shall include any modification or re-enactment thereof, any legislation provision substituted therefor and all regulations, rules and interpretations issued thereunder or pursuant thereto;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to any agreement or document shall be to such agreement or document (together with the schedules and exhibits attached thereto), as it may have been or may hereafter be amended, modified, supplemented, waived or restated from time to time; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(j)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">wherever the term "includes" or "including" is used, it shall be deemed to mean "includes, without limitation" or "including, without limitation", respectively.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1.3&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Currency</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Unless otherwise indicated, all dollar amounts referred to in this Agreement are expressed in Canadian dollars.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1.4&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Knowledge</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">References to the "knowledge of" when used in reference to the Offeror means the actual knowledge of the senior officers of the Offeror, after due inquiry, and when used in reference to the Company means the actual knowledge of the President and Chief Executive Officer, the Vice President and Chief Financial Officer, the Chief Operating Officer, the Vice President, Exploration, the Vice President, Environment and Sustainability, the Vice President, Operations and the Vice President, General Counsel and Corporate Secretary, after due inquiry.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1.5&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Disclosure Letter</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Any reference to a matter being disclosed or set out in the Disclosure Letter shall mean disclosure in such section of the Disclosure Letter that corresponds to the relevant section of this Agreement and disclosure in any section of the Disclosure Letter shall not be disclosure for the purposes of any other section of the Disclosure Letter.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1.6&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Schedules</font></font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal">The Schedules to this Agreement, as listed below, are an integral part of this Agreement:</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Schedule</font></div>
</td>
<td valign="top" width="77%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Description</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">A</font></div>
</td>
<td valign="top" width="77%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Conditions of the Offer</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">B</font></div>
</td>
<td valign="top" width="77%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Proration Principles</font></div>
</td>
</tr></table>
</div>

<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><br>
</font>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2" style="FONT-WEIGHT: normal">-&#160;13 -</font></font></font></div>
</div>
</div>

<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><br>
</font>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><br>
</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Schedule</font></div>
</td>
<td valign="top" width="77%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Description</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">C</font></div>
</td>
<td valign="top" width="77%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Representations and Warranties of the Offeror</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">D</font></div>
</td>
<td valign="top" width="77%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Representations and Warranties of the Company</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 2</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">OFFER</font></font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Offer</font></font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>
</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Subject to the terms and conditions herein, the Offeror shall make an offer to purchase all of the outstanding Company Shares, including any Company Shares that may become outstanding after the date of the Offer but before the Expiry Time upon the exercise of any Options, Warrants or other outstanding right to acquire Company Shares (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offer</font>") for a purchase price for each Company Share (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Purchase Price</font>") of, at the election of the Shareholder, either (i) $3.83 in cash (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Cash Option</font>"), or (ii) 0.5 of a New Gold Share (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Share Option</font>").&#160;&#160;The Offer shall be subject to the terms and conditions set out herein and in Schedule A and the term "Offer" shall include any amendments to, or extension of, such Offer, made in accordance with this Agreement.&#160;&#160;Shareholders who fail to elect in the letter of transmittal to be mailed with the Offer Circular either the Cash Option or the Share Option will be deemed to have elected the Cash Option.&#160;&#160;The Offer is for Company Shares only and no offer shall be made for the Options or the Warrants. See Schedule A &#8211; Conditions of the Offer with respect to the treatment of the Options and the Warrants. Any cash consideration paid under the Offer will be rounded down to the nearest $0.01 and any share consideration issued under the Offer shall be rounded down to the nearest whole number.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The maximum cash consideration payable under the Offer will not in the aggregate exceed the result obtained when the product of $3.83 multiplied by the number of Company Shares outstanding (not held by the Offeror) on a fully diluted basis is multiplied by 0.50 (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Maximum Cash Consideration</font>"). The maximum number of New Gold Shares issuable pursuant to the Offer will not in the aggregate exceed that number of New Gold Shares that is equal to (i) 0.5 multiplied by (ii) the aggregate number of Company Shares outstanding (not held by the Offeror) on a fully diluted basis, multiplied by (iii) 0.50 (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Maximum Share Consideration</font>").&#160;&#160;In the event that the cash consideration or number of New Gold Shares that would otherwise be payable or issuable, as the case may be, by the Offeror to Shareholders under the Offer would exceed the Maximum Cash Consideration or the Maximum Share Consideration, the amount of cash or number of New Gold Shares to be received by Shareholders electing the Cash Option or the Share Option shall be subject to proration as set out in Schedule B.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If on or after the date hereof, the Company declares, sets aside or pays any dividend or other distribution to the Shareholders of record as of a time prior to the Expiry Time, the Offeror shall make such adjustments to the Purchase Price, Maximum Cash Consideration and Maximum Share Consideration as it determines acting in good faith to be necessary to restore the original intention of the parties in the circumstances. For greater certainty, if the</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;14 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Company takes any of the actions referred to above, the aggregate consideration to be paid by the Offeror shall be decreased by an equivalent amount. Notwithstanding the foregoing, nothing in this Section 2.1(c) shall restrict the ability of the Offeror to terminate this Agreement pursuant to Section 8.1(g)(ii) in the event the condition of the Offer set out in Section 2.1(l)(iv) of this Agreement or paragraph (g) of Schedule A shall not have been met.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Offeror shall prepare the Offer and accompanying take-over bid circular (together, the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offer Circular</font>"), related letter(s) of transmittal, notice(s) of guaranteed delivery and other ancillary offer documents (collectively, the "<font style="FONT-WEIGHT: bold">Offer Documents</font>") in accordance with applicable Laws (including in the French language if required by applicable Laws).&#160;&#160;The Offeror shall not be required to make the Offer in any jurisdiction where it would be illegal to do so.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Offeror shall effect the listing of the New Gold Shares to be issued pursuant to the Offer on the TSX and the NYSE MKT at the time of issue of such shares and shall cause the New Gold Shares to be issued to Shareholders pursuant to the Offer to be issued pursuant to an effective registration statement filed by the Offeror under the U.S. Securities Act on Form F-10.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Offeror shall mail the Offer Documents in accordance with applicable Laws to each registered Shareholder and to each other person required by applicable Law as soon as reasonably practicable and, in any event, not later than 11:59 p.m. (Toronto time) on June 30, 2013 (such time on such date, subject to extension in accordance with the following sentences, being referred to herein as the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Latest Mailing Time</font>").&#160;&#160;If the mailing of the Offer Documents is delayed by reason of (i) an injunction or order made by a Regulatory Authority or (ii) the failure of the Company to provide the Offeror with the Directors' Circular in accordance with Section 2.2(b) or the shareholders lists referred to in Section 2.2(d),&#160;&#160;then provided that such injunction or order is being contested or appealed, if applicable, the Latest Mailing Time shall be extended for a period ending on the fifth Business Day following the date on which such injunction or order ceases to be in effect or such waiver, consent, approval, Directors' Circular or shareholders list is obtained, as applicable.&#160;&#160;If the Latest Mailing Time occurs during a Match Period, the Latest Mailing Time shall be extended to 11:59 p.m. (Toronto time) on the second Business Day immediately following the last day of the Match Period.&#160;&#160;The Offeror shall file the Offer Circular with applicable Regulatory Authorities within the time and in the manner required by applicable Law.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Prior to the printing of the Offer Documents and during the course of their preparation, the Offeror shall provide the Company and its counsel with an opportunity to review and comment on them, recognizing that whether or not such comments are appropriate will be determined by the Offeror, acting reasonably.&#160;&#160;The Company shall provide to the Offeror for inclusion in the Offer Circular such information regarding the Company as is required by applicable Law to be included in the Offer Circular.&#160;&#160;The Company represents, warrants and covenants that any information it provides to the Offeror for inclusion in the Offer Circular will be accurate and complete as of the relevant date of such information and will not contain any Misrepresentation.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(h)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Offer shall be made in accordance with applicable Laws and shall expire not earlier than 5:00 p.m. (Toronto time) on the 36th day after the date that the Offer is first commenced</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;15 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">within the meaning of the applicable Securities Laws (such expiry time on such date, as the same may be extended in accordance with the following sentence, is referred to herein as the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Expiry Time</font>").&#160;&#160;The Offeror may extend the Expiry Time (i) in order to contest or appeal any injunction or order made by a Regulatory Authority against the take-up and/or payment for the Company Shares tendered to the Offer or to seek any regulatory waiver, consent or approval which is necessary to permit the Offeror to take up and pay for the Company Shares tendered to the Offer, by an aggregate maximum of 60 days, (ii) as required by Law in the event the Offeror waives any condition of the Offer; (iii) for one or more additional offer periods not exceeding, in the aggregate, 60 days, in order to permit Shareholders to deposit their Company Shares to the Offer; or (iv) if all of the conditions to the Offer have been satisfied, after having taken up all of the Company Shares tendered to the Offer, in order to permit other Shareholders to deposit their Company Shares to the Offer.&#160;&#160;The Offeror shall not terminate or withdraw the Offer prior to any scheduled Expiry Time without the prior written consent of the Company, except if this Agreement is terminated in accordance with its terms.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Offeror agrees to execute and jointly file with each Shareholder who receives New Gold Shares pursuant to the Offer and who so requests an election pursuant to Section 85 of the Tax Act (and the corresponding provisions of applicable provincial income tax legislation) (collectively, the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Canadian Income Tax Legislation</font>") in which election such Shareholder will be entitled to elect the amount which shall be such Shareholder's proceeds of disposition and the Offeror's cost of the Company Shares sold to the Offeror for purposes of the Canadian Income Tax Legislation, provided such amount is within the limits prescribed by the Canadian Income Tax Legislation and provided that such Shareholder shall be responsible for preparing the appropriate tax election form and providing the Offeror with a letter representing to the Offeror that such Shareholder either is (i) a resident of Canada for purposes of the Canadian Income Tax Legislation and is not exempt from tax under the Canadian Income Tax Legislation, (ii) a non-resident of Canada for the purposes of the Canadian Income Tax Legislation whose Company Shares are "taxable Canadian property" (as defined in the Tax Act) to such Shareholder and the Shareholder is not exempt from Canadian tax on any gain such Shareholder would realize on a disposition of the Company Shares by reason of an exemption contained in the Canadian Income Tax Legislation or an applicable income tax convention to which Canada is a party, or (iii) a partnership if one or more of the members of such partnership satisfy the criteria specified in clause (i) or (ii) above.&#160;&#160;The Offeror will execute any completed election form received and return such form by mail to the Shareholder within 45 days of receipt thereof; provided that the Offeror shall not be obligated to execute any election form received after 45 days from the day the Offeror has taken up and paid for the Company Shares.&#160;&#160;Such Shareholder shall be solely responsible for filing the form with the appropriate tax authorities and shall contemporaneously provide a copy of such form to the Offeror and the Shareholder shall be solely responsible for any Taxes, interest, penalties, damages or expenses arising in respect of any late filed or incorrect election made pursuant to this paragraph unless the Offeror has not complied with all of the terms of this Section 2.1(i).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(j)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Offeror may, in its sole discretion, modify or waive any term or condition of the Offer, provided that the Offeror shall not, without the prior consent of the Company: (i) modify the Minimum Tender Condition; (ii) waive the Minimum Tender Condition; (iii) impose additional conditions to the Offer; (iv) decrease the consideration per Company Share (other than in accordance with Section 2.1(c)); (v) decrease the number of Company Shares in respect of</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;16 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">which the Offer is made; (vi) change the amount or form of consideration payable under the Offer (other than in accordance with Section 2.1(c)) and/or to increase the total consideration per Company Share and/or add additional consideration; or (vii) otherwise vary the Offer or any terms or conditions thereof (other than a waiver of a condition other than the Minimum Tender Condition), in any case in a manner that is materially adverse to the Shareholders.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(k)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Offeror agrees that provided all of the conditions to the Offer set out in Schedule A hereto shall have been satisfied or waived by the Offeror (where permitted hereby), the Offeror shall take up and pay for all of the Company Shares tendered under the Offer as soon as reasonably practicable and in any event no later than three Business Days following the time at which it becomes entitled to take up such Company Shares under the Offer pursuant to applicable Laws.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(l)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The obligation of the Offeror to make the Offer and to mail the Offer Documents is conditional on the prior satisfaction of the following conditions, all of which conditions are included for the sole benefit of the Offeror and any or all of which may be waived by the Offeror in whole or in part in its sole discretion (other than the condition set out in Section 2.1(l)(viii), which may be waived only with the consent of the Company) without prejudice to any other right it may have under this Agreement and which conditions shall be deemed to have been waived by the making of the Offer:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement shall not have been terminated pursuant to Section 8.1 and the Lock-Up Agreements shall not have been terminated;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Company shall have used its best efforts to enter into Lock-Up Agreements with the Locked-Up Significant Shareholders;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">each of the Locked-Up Board and Management Shareholders shall have entered into a Lock-Up Agreement with the Offeror in a form that is satisfactory to the Offeror in its sole discretion pursuant to which each of the Locked-Up Board and Management Shareholders shall have agreed to deposit under the Offer all Company Shares which such person beneficially owns, directly or indirectly, or over which such person exercises control or direction (including any Company Shares that are issued upon exercise of the Options);</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no circumstance, fact, change, event or occurrence caused by a person other than the Offeror shall have occurred or come into existence that would render it impossible for one or more of the conditions set out on Schedule A to be satisfied;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(v)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Board shall not have withdrawn the Board Approval or changed, modified or qualified the Board Approval in a manner that has substantially the same effect or taken any other action or made any other public statement in connection with the Offer inconsistent with the Board Approval;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;17 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(vi)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Board shall have caused to be prepared and, by a unanimous vote of the directors entitled to vote thereon, approved in final form, printed for distribution to Shareholders and delivered to the depositary under the Offer for mailing with the Offer Documents sufficient copies of the Directors' Circular in accordance with Section 2.2;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(vii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror shall have received any waivers, consents, rulings or orders necessary for the making of the Offer or to mail to the Shareholders the Offer Circular from all applicable Regulatory Authorities;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(viii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no cease trade order, injunction or other prohibition at Law shall exist against the Offeror making the Offer or taking up or paying for Company Shares deposited under the Offer;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ix)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Company shall have waived the application of the Shareholder Rights Plan to the Offer; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(x)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no event or condition shall have occurred since the date hereof that constitutes a Material Adverse Effect in respect of the Company.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Board Approval and Company Support for the Offer</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company represents and warrants to and in favour of the Offeror, and acknowledges that the Offeror is relying upon such representations and warranties in entering into this Agreement and making the Offer, that, as of the date hereof:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">each of the Financial Advisor and the Fairness Opinion Provider has delivered an oral opinion to the Special Committee and the Board to the effect that the consideration to be received under the Offer is fair from a financial point of view to the Shareholders (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Fairness Opinions</font>"); and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Board, after consultation with its financial and legal advisors and following receipt of a unanimous recommendation of the Special Committee, has determined that the Offer is in the best interests of the Company and the Shareholders and, accordingly, has unanimously approved the entering into of this Agreement and the making of a recommendation that Shareholders accept the Offer (collectively, the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Board Approval</font>").</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company shall prepare, and make available for mailing contemporaneously with the Offer Documents by the Offeror, a directors' circular (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Directors' Circular</font>"), in accordance with applicable Law (including in the French language if required by applicable Law) that contains the recommendation of the Board that Shareholders accept the Offer, reflects the Board Approval and includes a written copy of the Fairness Opinion Provider&#8217;s Fairness Opinion.&#160;&#160;The Company shall take all reasonable actions to support the Offer and ensure the success of the Offer (subject to the exercise by the Board of its fiduciary duties pursuant to and in accordance with Sections 6.3(a) and (b)).&#160;&#160;The Company shall file the Directors' Circular with applicable Regulatory Authorities within the time and in the manner required by applicable Law.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;18 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Prior to the printing of the Directors' Circular and during the course of its preparation, the Company shall provide the Offeror and its counsel with an opportunity to review and comment on it, recognizing that whether or not such comments are appropriate will be determined by the Company, acting reasonably.&#160;&#160;The Offeror shall provide to the Company for inclusion in the Directors' Circular such information regarding the Offeror as is required by applicable Law to be included in the Directors' Circular.&#160;&#160;The Offeror represents, warrants and covenants that any information it provides to the Company for inclusion in the Directors' Circular will be accurate and complete in all material respects as of the relevant date of such information and will not contain any Misrepresentation.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company shall provide the Offeror as soon as is reasonably practicable following the date of this Agreement: (i) a list of the registered holders of Company Shares, a list of participants in book-based nominee registrants, such as CDS &amp; Co. and Cede &amp; Co., a list of any non-objecting beneficial Shareholders and a geographical breakdown of beneficial shareholders, as may be made available to the Company upon request, together with their addresses and respective holdings of Company Shares; and (ii) the names, addresses and holdings of all persons holding Options or Warrants or having any rights to acquire Company Shares and the details of such rights.&#160;&#160;The Company shall from time to time furnish the Offeror with such additional information, including updated or additional lists of Securityholders, mailing labels and lists of securities positions and other assistance as the Offeror may reasonably request in order to be able to communicate the Offer to Shareholders and to such other persons as are entitled to receive the Offer under applicable Law.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2.3&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Consent Under Confidentiality Agreement</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company consents, pursuant to the Confidentiality Agreements, to the making of the Offer, the entering into of a Lock-Up Agreement with each of the Locked-Up Board and Management Shareholders and the Locked-Up Significant Shareholders and the consummation of the transactions contemplated herein and therein.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2.4&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Options and Warrants and Other Rights</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Board shall resolve (i) to accelerate the vesting of all Options; (ii) subject to there being no requirement to seek shareholder approval, to permit the exercise or surrender, on a cashless basis, of all Options conditional upon, and immediately prior to, the Offeror taking up Company Shares under the Offer, in each case, with such resolutions being effective prior to the initial scheduled Expiry Date of the Offer.&#160;&#160;Notwithstanding the foregoing, in the event that shareholder approval is required in order for the Company to implement a cashless exercise of Options, the Parties agree to negotiate in good faith an alternative mechanism that is agreeable to both parties acting reasonably to enable the Options to be exercised or surrendered.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Offeror acknowledges and agrees that:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Board shall take all steps necessary to amend the terms of the Option Plans to permit the cashless exercise or surrender of all Options accordance with and subject to 2.4(a) above;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;19 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Optionholders will then be permitted to tender Company Shares issuable upon the exercise or surrender of Options to the Offer and for such purpose to exercise or surrender their Options conditional upon, and immediately prior to, the Offeror taking up Company Shares under the Offer, and for such purpose the Offeror shall agree to the foregoing tendering arrangements in respect of the Offer in order to facilitate such conditional cashless exercise or surrender of the Options, subject to 2.4(a) above, and tender to the Offer the Company Shares to be issued as a result of such conditional cashless exercise or surrender (including providing for the ability of Optionholders to tender the Company Shares issuable upon such conditional exercise or surrender of their Options on the basis of guaranteed deliveries); and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">all Company Shares that are to be issued pursuant to any such conditional exercise or surrender shall be accepted as validly tendered under the Offer, provided that the Optionholders otherwise validly accept the Offer in accordance with its terms with respect to such Company Shares.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In connection with the cashless exercise or surrender of Options, the Company shall withhold and remit to the relevant Regulatory Authority any amounts required or permitted in connection with the exercise or surrender of the Options (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Withholding Amount</font>") and the Company shall take all reasonable steps to ensure that such withholding and remittance is made, including by withholding such number of Company Shares issuable upon cashless exercise or surrender of the Options that are equal in value to the Withholding Amount.&#160;&#160;The Withholding Amount shall be determined by the Company provided that the Company shall consult with the Offeror with respect to the manner in which Withholding Amounts are to be determined.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company agrees to elect, and the Offeror agrees to cause the Company to elect, in prescribed form in accordance with subsection 110(1.1) of the Tax Act, that neither the Company nor any person not dealing at arm&#8217;s length with the Company will deduct in computing its income any amount in respect of any consideration (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Option Consideration</font>") payable by the Company to any Optionholder on the exercise or surrender of an Option. The Company agrees to file such election in a timely manner with the Minister of National Revenue (Canada) and the Company agrees to provide evidence in writing of such election to each Optionholder who receives Option Consideration.&#160;&#160;In furtherance of the foregoing, each of the Company and the Offeror agree not to rescind, amend or otherwise modify or seek to nullify any such election.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The foregoing treatment of Options shall be described in the Directors' Circular.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">See also Schedule A &#8211; Conditions of the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2.5&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Change of Board</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Promptly upon the purchase by the Offeror of such number of Company Shares as represents at least 66 2/3% of the then outstanding Company Shares on a fully-diluted basis and from time to time thereafter, the Offeror shall be entitled to designate such number of members</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;20 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">of the Board, and any committees thereof, as is proportionate to the percentage of the outstanding Company Shares owned by the Offeror, and the Company shall not frustrate or attempt to frustrate the Offeror's attempts to do so.&#160;&#160;The Company agrees to cooperate with the Offeror, subject to applicable Laws, to enable the Offeror's designees to be elected or appointed to the Board and to constitute a majority of the Board, including at the request of the Offeror by its best efforts to increase the size of the Board and/or secure the resignations of such number of directors as is necessary for the Offeror's designees to be elected or appointed to the Board.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2.6&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Compulsory Acquisition/Subsequent Acquisition Transaction</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If, within four months after the date of the Offer, the Offer has been accepted by Shareholders holding not less than 90% of the outstanding Company Shares as at the Expiry Time, excluding Company Shares held at the date of the Offer by or on behalf of the Offeror, or an Affiliate or an Associate of the Offeror, the Offeror shall, to the extent possible, acquire the remainder of the Company Shares from those Shareholders who have not accepted the Offer, pursuant to a Compulsory Acquisition.&#160;&#160;If that statutory right of acquisition is not available or will not result in the Offeror acquiring all Company Shares issuable on exercise, exchange or conversion of all Options and Warrants, the Offeror will use its commercially reasonable best efforts to acquire the remaining Company Shares not tendered to the Offer as soon as practicable, including by way of a Subsequent Acquisition Transaction for consideration at least equivalent in value to the consideration paid pursuant to the Offer.&#160;&#160;The Company agrees that, in the event the Offeror takes up and pays for Company Shares tendered under the Offer representing at least 66-2/3% of the outstanding Company Shares (calculated on a fully-diluted basis as at the Expiry Time), it will assist the Offeror in connection with any proposed amalgamation, statutory arrangement, capital reorganization or other transaction involving the Company and the Offeror or an Affiliate of the Offeror (a "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Subsequent Acquisition Transaction</font>") to acquire the remaining Company Shares, provided that the consideration offered in connection with the Subsequent Acquisition Transaction is at least equivalent in value to the consideration offered under the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 3</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">REPRESENTATIONS AND WARRANTIES OF THE OFFEROR</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Representations and Warranties</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Offeror hereby makes to the Company the representations and warranties set out in Schedule C to this Agreement and acknowledges that the Company is relying upon these representations and warranties in connection with the entering into of this Agreement.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Survival of Representations and Warranties</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The representations and warranties of the Offeror contained in this Agreement shall survive the execution and delivery of this Agreement and shall expire and be terminated and extinguished at the Effective Time.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;21 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 4</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">REPRESENTATIONS AND WARRANTIES OF THE COMPANY</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">4.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Representations and Warranties</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company hereby makes to the Offeror the representations and warranties set out in Schedule D to this Agreement, and acknowledges that the Offeror is relying upon these representations and warranties in connection with the entering into of this Agreement and making the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">4.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Investigation</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Any investigation by the Offeror or its Representatives shall not mitigate, diminish or affect the representations and warranties of the Company pursuant to this Agreement.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">4.3&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Survival of Representations and Warranties</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The representations and warranties of the Company contained in this Agreement shall survive the execution and delivery of this Agreement and shall expire and be terminated and extinguished at the Effective Time.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 5</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">CONDUCT OF BUSINESS</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">5.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Conduct of Business by the Company</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company agrees that, prior to the Effective Time, unless the Offeror shall otherwise agree in writing, such agreement not to be unreasonably withheld or delayed, or as otherwise expressly contemplated or permitted by this Agreement, the Company shall, and shall cause the Company Subsidiary to:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">conduct its businesses only in, not take any action except in, and maintain its facilities in, the usual, ordinary and regular course of business consistent with past practice and use commercially reasonable efforts to preserve intact its present business organization, assets (including intellectual property) and goodwill, maintain its real property interests (including title to, and leasehold interests in respect of, any real property) in good standing, keep available the services of its officers and employees as a group and preserve the current relationships with suppliers, distributors, employees, consultants, customers and others having business relationships with it;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">consult with the Offeror with respect to decisions and expenditures, other than Budgeted Capital Expenditures, in respect of the exploration, development and maintenance of all of the properties and assets owned and controlled by the Company or the Company Subsidiary;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;22 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">except for transactions involving only the Company and the Company Subsidiary, or as otherwise contemplated in this Agreement in connection with the Offer, the Company shall not, and shall cause the Company Subsidiary not to:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">issue, sell, pledge, lease, dispose of, encumber or agree to issue, sell, pledge, lease, dispose of or encumber: (A) any additional shares of, or any options, warrants, calls, conversion privileges or rights of any kind to acquire any shares or other securities of, the Company or the Company Subsidiary (other than the issuance of Company Shares pursuant to the exercise in accordance with their terms of Options or Warrants or other rights to acquire Company Shares outstanding under agreements disclosed in the Disclosure Letter); or (B) except in the ordinary course of business, any assets of the Company or the Company Subsidiary in excess of $50,000 in the aggregate;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">except as set out in the Disclosure Letter, amend or agree to amend any of the terms of any of the Options or the Warrants, or amend, extend, terminate or otherwise alter (or agree to do any of the foregoing in respect of) any other contractual arrangement of the Company or the Company Subsidiary;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">amend or propose to amend the notice of articles, articles, by-laws or other constating documents of the Company or the Company Subsidiary;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">split, combine or reclassify any outstanding Company Shares, or cause the Company Subsidiary to declare, set aside or pay any dividend or other distribution payable in cash, stock, property or otherwise with respect to the shares of a Company Subsidiary;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(v)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">redeem, purchase or offer to purchase (or permit the Company Subsidiary to redeem, purchase or offer to purchase) any Company Shares or other securities of the Company or any shares or other securities of the Company Subsidiary;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(vi)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">reorganize, amalgamate or merge the Company or the Company Subsidiary with any other person, company, partnership or other business organization whatsoever or incorporate any subsidiaries other than in connection with a Pre-Acquisition Reorganization;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(vii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">reduce the stated capital of the Company or of the Company Subsidiary;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(viii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">acquire or agree to acquire (by merger, amalgamation, acquisition of shares or assets or otherwise) any company, partnership or other business organization or division, or incorporate or form any company, partnership or other business organization or make any investment either by purchase of shares or securities, contributions of capital (other than to a Company Subsidiary), property transfer or purchase of any property or assets of any</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;23 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 108pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">other person, company, partnership or other business organization which individually or in the aggregate are in excess of $50,000;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ix)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">enter into or agree to the terms of any joint venture or similar agreement, arrangement or relationship;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(x)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">sell, transfer or assign (or permit the Company Subsidiary to sell, transfer or assign) any interest in any of the mineral properties of the Company or the Company Subsidiary;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(xi)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">incur or commit to incur any indebtedness for borrowed money (except for borrowing of working capital in the ordinary course of business and consistent with past practice under pre-existing contractual arrangements as in effect on the date hereof), capital expenditures<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>other than Budgeted Capital Expenditures, or any other liability, contractual commitment or obligation or issue any debt securities (for greater certainty, regardless of whether such indebtedness, capital expenditure, liability, commitment, obligation or issuance is contemplated in the Company's existing business plan or any preliminary economic assessment but is not set out in the Budgeted Capital Expenditures) involving amounts which, individually or in the aggregate, exceed $25,000;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(xii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">endorse or otherwise as an accommodation become responsible for, the obligations of any other person, company, partnership or other business organization, or make any loans or advances;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(xiii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">adopt a plan of liquidation or resolutions providing for the liquidation or dissolution of the Company or a Company Subsidiary other than in connection with a Pre-Acquisition Reorganization;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(xiv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">take any action or enter into any transaction that would preclude the Offeror from obtaining the tax "bump", determined under paragraph 88(1)(d) of the Tax Act, in respect of the non-depreciable capital property of the Company upon a wind-up, or amalgamation with, the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(xv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">pay, discharge or satisfy any claims, liabilities or obligations other than the payment, discharge or satisfaction, in the ordinary course of business consistent with past practice, of liabilities reflected or reserved against in the Company's financial statements or incurred in the ordinary course of business consistent with past practice;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(xvi)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">authorize, recommend, propose or agree to any release or relinquishment of any contractual right or other right under any licence or permit;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(xvii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">abandon or fail to diligently pursue any application for any licence, permit, order, authorization, consent, approval or registration; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;24 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 72pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(xviii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">waive, release, grant or transfer any rights of value or modify or change in any respect any existing licence, lease, permit, material contract or other material document, other than in the ordinary course of business consistent with past practice;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">except (i) with the consent of the Offeror, (ii) for reasonable fees, if any, paid to (A)&#160;members of the Special Committee solely in connection with their participation on such committee, or (B)&#160;the directors of the Board by way of directors' fees in amounts consistent with the Company's past practice and (iii)&#160;as set out in the Disclosure Letter, the Company shall not, and shall cause the Company Subsidiary not to, enter into or modify any employment, consulting, retention, severance or similar agreements or arrangements with, or grant any bonuses, salary or fee increases, severance, retention or termination pay to, any officers or directors or, in the case of employees or consultants who are not officers or directors, take any action other than in the ordinary, regular and usual course of business and consistent with past practice (none of which actions shall be unreasonable or unusual) with respect to the grant of any bonuses, salary or fee increases, severance, retention or termination pay or with respect to any increase of benefits payable in effect on the date hereof;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">except with the consent of the Offeror, the Company shall not, and shall cause the Company Subsidiary not to, pay any fees or make any other payment to: (i) the Financial Advisor with respect to its mandate in connection with the Offer other than as set in the engagement letter dated April 29, 2013 between the Company and the Financial Advisor, which has been provided to the Offeror, and (ii) the Fairness Opinion Provider with respect to its mandate in connection with the Offer other than as provided in the engagement letter dated May<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>29, 2013 between the Company and the Fairness Opinion Provider, which has been provided to the Offeror;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">except as set out in the Disclosure Letter, the Company shall not, and shall cause the Company Subsidiary not to, adopt or amend any bonus, profit sharing, share purchase, incentive, compensation, stock option, pension, retirement, deferred compensation, employment or other employee benefit plan, agreement, trust, fund or arrangement for the benefit or welfare of any employee;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Company shall use best efforts, and shall cause the Company Subsidiary to use commercially reasonable efforts, to cause its current insurance (or re-insurance) policies not to be cancelled or terminated or any of the coverage thereunder to lapse unless, simultaneously with such cancellation, termination 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;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(h)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Company shall not take any action, or permit the Company Subsidiary to take any action, which would render, or which reasonably may be expected to render,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;25 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any representation or warranty made by it in this Agreement untrue in any respect at any time prior to the Effective Time if then made, and promptly notify the Offeror first immediately orally and then promptly in writing of the occurrence of any event or condition that has a Material Adverse Effect in respect of the Company in the course of its or the Company Subsidiary's businesses or in the operation of its or the Company Subsidiary's properties and of any governmental or third party complaints, investigations or hearings (or communications indicating that the same may be contemplated);</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">except as otherwise specifically described in this Agreement or in the Disclosure Letter, the Company shall not, and shall not permit the Company Subsidiary to, authorize or propose or enter into or modify any contract, agreement, commitment or arrangement to do any of the matters prohibited by the other paragraphs of this Section 5.1;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(j)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Company and the Company Subsidiary shall:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">duly and timely file all Tax Returns required to be filed by it on or after the date hereof and all such Tax Returns will be true, complete and correct in all respects;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">timely pay all Taxes which are due and payable;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not make or rescind any express or deemed election relating to Taxes;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not make a request for a Tax ruling or enter into a closing agreement with any taxing authorities;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(v)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not settle or compromise any claim, action, suit, litigation, proceeding, arbitration, investigation, audit or controversy relating to Taxes;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(vi)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">except as disclosed in the Disclosure Letter, not file any amended Tax Return, surrender any right to claim a refund of Taxes, or consent to any extension or waiver of the limitation period applicable to any Tax claim or assessment relating to the Company; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(vii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not change any of its methods of reporting losses, deductions or accounting for income tax purposes from those employed in the preparation of its Tax Return for the taxation year ending December 31, 2012, except as may be required by applicable Law;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(k)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Company shall use its commercially reasonable best efforts to satisfy (or cause the satisfaction of) the conditions of the Offer set forth in Schedule A to the extent the same is within its control (except for those conditions of the Offer set forth in Schedule A for the Company and/or the Board must take all actions and steps necessary or desirable), and take, or cause to be taken, all other action and to do, or cause to be done, all other things necessary, proper or advisable under all</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;26 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">applicable Law to support the Offer, including using its commercial reasonable best efforts to:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">obtain all necessary consents, approvals and authorizations as are required to be obtained by it under any applicable Law;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">cooperate with the Offeror to oppose, lift or rescind any injunction or restraining order or other order or action seeking to stop, or otherwise adversely affect the Offeror's ability to consummate, the Offer; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">cooperate with the Offeror in connection with the performance by it of its obligations hereunder; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(l)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Company shall make or cooperate as necessary in the making of all necessary filings and applications under all applicable Law required in connection with the transactions contemplated herein and take all reasonable action necessary to be in compliance with such Laws.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">5.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Covenants of the Offeror</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Offeror covenants and agrees that, except as contemplated in this Agreement, until the Expiry Time or the day upon which this Agreement is terminated, whichever is earlier:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror shall use reasonable best efforts to preserve intact its business organizations;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror shall (i) make the Offer to Shareholders resident in the United States in compliance with applicable provisions of the U.S. Securities Laws, including, but not limited to, the applicable provisions of Regulation 14E of the Exchange Act the provisions of the U.S. Securities Act that apply to an exchange offer registered on Form F-10 and (ii) shall cause the New Gold Shares to be issued pursuant to the Offer to be issued pursuant to an effective registration statement filed by the Offeror under the U.S. Securities Act on Form F-10;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror shall prepare and file with the applicable Regulatory Authorities, including the NYSE MKT and the TSX as contemplated herein, all necessary applications and forms required in order to permit the valid issue and listing of New Gold Shares (on such exchanges) issued pursuant to the Offer; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror shall not, directly or indirectly, do or permit to occur any of the following without the prior consent of the Company:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">amend its articles or by-laws or the terms of its shares in a manner that could have a material adverse effect on the market price or value of the New Gold Shares to be issued pursuant to the Offer;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">split, consolidate or reclassify any of its shares nor undertake any other capital reorganization;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;27 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">reduce capital in respect of its shares; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">take any action that could reasonably be expected to interfere with or be inconsistent with the consummation of the Offer or the transactions contemplated in this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 6</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">COVENANTS RELATING TO ACQUISITION PROPOSALS</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">6.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Non-Solicitation</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Except as otherwise provided in this Agreement, the Company and the Company Subsidiary shall not, directly or indirectly through any Representative of the Company:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">solicit, assist, initiate, encourage or facilitate (including by way of discussion, negotiation, furnishing information, permitting any visit to any facilities or properties of the Company or the Company Subsidiary or entering into any form of written or oral agreement, arrangement or understanding) any inquiries, proposals or offers regarding, or that may reasonably be expected to lead to, any Acquisition Proposal;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">engage or participate in any discussions or negotiations regarding, or provide any information with respect to or otherwise cooperate in any way with any person (other than the Offeror and its Representatives) regarding, any Acquisition Proposal or potential Acquisition Proposal;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">withdraw, modify or qualify, or propose publicly to withdraw, modify or qualify, in any manner adverse to the Offeror, the approval or recommendation of this Agreement or the Offer by the Board or any of its committees;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">approve or recommend, or remain neutral with respect to, or propose publicly to approve or recommend, any Acquisition Proposal (it being understood that publicly taking no position or a neutral position with respect to an Acquisition Proposal until seven (7) calendar days following the public announcement of such Acquisition Proposal shall not be considered a violation of this subsection 6.1(a)(iv);</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(v)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">accept or enter into, or publicly propose to accept or enter into, any letter of intent, agreement in principle, agreement, arrangement or undertaking related to any Acquisition Proposal; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(vi)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">release any person from or waive or otherwise forebear in the enforcement of any confidentiality or standstill agreement or any other agreement with such person that would facilitate the making or implementation of any Acquisition Proposal.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;28 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company shall immediately cease and cause to be terminated any existing solicitation, discussion, negotiation, encouragement or activity with any person (other than the Offeror or any of its Representatives) by the Company or any of its Representatives with respect to any Acquisition Proposal or any potential Acquisition Proposal. The Company shall immediately cease to provide any person (other than the Offeror or any of its Representatives) with access to information concerning the Company or the Company Subsidiary in respect of any Acquisition Proposal or any potential Acquisition Proposal, and request the return or destruction of all confidential information provided to any person (other than the Offeror or any of its Representatives) that has entered into a confidentiality agreement with the Company relating to any Acquisition Proposal or potential Acquisition Proposal to the extent provided for in such confidentiality agreement and shall use all commercially reasonable efforts to ensure that such requests are honoured.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company shall ensure that its Representatives are aware of the prohibitions in this Section 6.1 and the Company shall be responsible for any breach of this Section 6.1 by its Representatives.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">6.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Notification of Acquisition Proposals</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company shall promptly (and in any event within 24 hours) notify the Offeror, at first orally and then in writing, of any proposal, inquiry, offer or request received by the Company or its Representatives: (i) relating to an Acquisition Proposal or potential Acquisition Proposal or inquiry that could reasonably lead or be expected to lead to an Acquisition Proposal; (ii) for discussions or negotiations in respect of an Acquisition Proposal or potential Acquisition Proposal; (iii) for non-public information relating to the Company or the Company Subsidiary, access to properties, books, records or a list of Shareholders, Securityholders or a list of shareholders of the Company Subsidiary; (iv) for representation on the Board; or (v) any amendments to the foregoing.&#160;&#160;Such notice shall include the identity of the person making such proposal, inquiry, offer or request, a description of the terms and conditions of such proposal, inquiry, offer or request, copies of all written communications in respect of such proposal, inquiry, offer, or request, including any term sheet, summary or letter of intent or similar document (including drafts thereof) relating to such Acquisition Proposal or potential Acquisition Proposal and such other details of the proposal, inquiry, offer or request that the Offeror may reasonably request.&#160;&#160;The Company shall keep the Offeror promptly and fully informed of the status, including any change to the terms, of such proposal, inquiry, offer or request and shall respond promptly to all inquiries by the Offeror with respect thereto.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">6.3&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Responding to Acquisition Proposals and Superior Proposals</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Notwithstanding Section 6.1(a) or any other provision of this Agreement, following the receipt by the Company of a <font style="FONT-STYLE: italic">bona fide</font> written Acquisition Proposal made after the date hereof (that was not solicited, assisted, initiated, encouraged or facilitated in contravention of Section 6.1(a)), the Company and its Representatives may:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">contact the person making such Acquisition Proposal and its Representatives solely for the purpose of clarifying the terms and conditions of such Acquisition Proposal and the likelihood of its</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;29 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 108pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">consummation so as to determine whether such Acquisition Proposal is, or is reasonably likely to lead to, a Superior Proposal; and</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">if the Board determines, after consultation with its outside legal and financial advisors, that such Acquisition Proposal is, or is reasonably likely to lead to, a Superior Proposal (disregarding for the purposes of such determination under this clause 6.3(a)(ii) only, any term of such Acquisition Proposal that provides for a due diligence investigation) and that the failure to take the relevant action would be inconsistent with its fiduciary duties:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 108pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(A)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">furnish information with respect to the Company and the Company Subsidiary to the person making such Acquisition Proposal and its Representatives and allow such person access to the Company's facilities and properties but only if such person has entered into a confidentiality agreement that contains provisions that are not less favourable to the Company than those contained in the Confidentiality Agreements (except that it shall permit the disclosure to the Offeror required by this Article 6), provided that the Company sends a copy of such confidentiality agreement to the Offeror promptly following its execution and the Offeror is promptly provided with a list of, and access to (to the extent not previously provided to the Offeror) the information provided to such person; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 108pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(B)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">engage in discussions and negotiations with the person making such Acquisition Proposal and its Representatives, provided that all such access and discussions shall cease during the Match Period.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Notwithstanding Section 6.1(a) or any other provision of this Agreement, the Company may (x) enter into an agreement (other than a confidentiality agreement contemplated by Section 6.3(a)(ii)(A)) with respect to an Acquisition Proposal that is a Superior Proposal and/or (y) withdraw, modify or qualify its approval or recommendation of the Offer and recommend or approve an Acquisition Proposal that is a Superior Proposal, provided:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Company shall have complied with its obligations under this Article 6;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Board has determined, after consultation with its outside legal and financial advisors, that such Acquisition Proposal is a Superior Proposal and that the failure to take the relevant action would be inconsistent with its fiduciary duties;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Company has delivered written notice to the Offeror (A) of the determination of the Board that the Acquisition Proposal is a Superior</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;30 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 108pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Proposal, (B) of the intention of the Board to approve or recommend such Superior Proposal and/or of the Company to enter into an agreement with respect to such Superior Proposal, together with a copy of such agreement executed by the person making such Superior Proposal that is capable of acceptance by the Company, and (C) providing a summary of the valuation analysis attributed by the Board in good faith to any non-cash consideration included in such Acquisition Proposal after consultation with its financial advisors (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Superior Proposal Notice</font>");</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">at least five Business Days have elapsed since the date the Superior Proposal Notice was received by the Offeror, which five-Business Day period is referred to as the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Match Period</font>" (for greater certainty, the Match Period shall expire at 5:00 p.m. (Toronto time) on the fifth Business Day following the day that the Superior Proposal Notice was delivered to the Offeror);</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(v)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">if the Offeror has offered to amend the terms of the Offer and this Agreement during the Match Period pursuant to Section 6.3(c), such Acquisition Proposal continues to be a Superior Proposal compared to the amendment to the terms of the Offer and this Agreement offered by the Offeror at the termination of the Match Period; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(vi)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Company terminates this Agreement pursuant to Section 8.1(h)(iii) and the Company has previously paid or, concurrently with termination, pays the Termination Payment to the Offeror.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;During the Match Period, the Offeror shall have the opportunity, but not the obligation, to offer to amend the terms of the Offer and this Agreement and the Company shall cooperate with the Offeror with respect thereto, including negotiating in good faith with the Offeror to enable the Offeror to make such amendments to the Offer and this Agreement as the Offeror deems appropriate as would enable the Offeror to proceed with the Offer on such adjusted provisions. The Board shall review any such offer by the Offeror to amend the terms of the Offer and this Agreement in order to determine, in good faith in the exercise of its fiduciary duties, whether the Offeror's offer to amend the Offer and this Agreement, upon its acceptance, would result in the Acquisition Proposal ceasing to be a Superior Proposal compared to the amendment to the terms of the Offer and this Agreement offered by the Offeror.&#160;&#160;If the Board determines that the Acquisition Proposal would cease to be a Superior Proposal, the Offeror shall amend the Offer and the Company and the Offeror shall enter into an amendment to this Agreement reflecting the offer by the Offeror to amend the terms of the Offer and this Agreement.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Board shall promptly reaffirm its recommendation of the Offer by news release after: (i) any Acquisition Proposal (which is determined not to be a Superior Proposal) is publicly announced or made, (ii) the Board determines that a proposed amendment to the terms of the Offer and this Agreement would result in the Acquisition Proposal not being a Superior Proposal, and the Offeror has so amended the terms of the Offer; or (iii) the written request of the Offeror.&#160;&#160;The Offeror and its legal advisor shall be given a reasonable opportunity to review</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;31 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and comment on the form and content of any such news release and the Company shall incorporate all reasonable comments made by the Offeror and its counsel.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Nothing in this Agreement shall prevent the Board from responding through a directors' circular or otherwise as required by applicable Laws to an Acquisition Proposal that it determines is not a Superior Proposal, including calling a meeting of Shareholders in response to a valid requisition thereof in compliance with Section 167(2) of the BCBCA.&#160;&#160;The Offeror and its legal advisor shall be given a reasonable opportunity to review and comment on the form and content of any such response prior to its printing, publication or announcement and the Company shall give due consideration to all reasonable comments made by the Offeror and its counsel.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each successive modification of any Acquisition Proposal shall constitute a new Acquisition Proposal for purposes of Section 6.3(b).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 7</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">OTHER COVENANTS</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">7.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Further Assurances</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Subject to the terms and conditions of this Agreement, each party agrees to use reasonable best efforts to take, or cause to be taken, all action and to do, or cause to be done, all things necessary, proper or advisable (a) to satisfy (or cause the satisfaction of) the conditions set out in Schedule A to the extent the same is within its control and to consummate and make effective as promptly as is practicable the transactions contemplated herein and (b) for the discharge by each party of its respective obligations under this Agreement and the Offer, including its obligations under applicable Laws, in each case including the execution and delivery of such documents as the other party hereto may reasonably require.&#160;&#160;Each of the parties hereto, where appropriate, shall reasonably cooperate with the other party in taking such actions.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">7.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Notification of Certain Matters</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Each party shall give prompt notice to the other: (a) if it becomes aware that any representation or warranty made by such party in this Agreement is untrue or inaccurate; (b) of the occurrence or failure to occur of any event, which occurrence or failure would cause or may cause any representation or warranty on its part contained in this Agreement to be untrue or inaccurate; and (c) of any failure of such party or any of its Representatives, to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by it hereunder.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">7.3&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Access</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Upon reasonable notice and subject to the Confidentiality Agreements, the Company agrees to continue to provide the Offeror and its Representatives with reasonable and immediate access to all books, records, information and files in its possession and control and access to its personnel on an as reasonably requested basis as well as reasonable and immediate access to the properties of the Company and the Company Subsidiary in order to allow the Offeror to continue to conduct such investigations as the Offeror may consider necessary or advisable, and further agrees to assist the Offeror in all reasonable ways in any investigations which the Offeror may wish to conduct.&#160;&#160;Nothing in this section shall require the Company to disclose information which it is prohibited from disclosing pursuant to a written confidentiality agreement, or confidentiality provision of an agreement, with a third party.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;32 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">7.4&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Shareholder Claims</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company shall notify the Offeror of any claim brought by any present, former or purported holder of any securities of the Company in connection with the transactions contemplated by this Agreement prior to the Effective Time and the Company shall not settle or compromise any such claim without prior written consent of the Offeror which shall not be unreasonably withheld.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">7.5&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Public Statements</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The parties shall issue a joint press release with respect to this Agreement and the Offer as soon as practicable, which shall be drafted by the Offeror and provided to the Company for approval, and approval shall not be unreasonably withheld or delayed.&#160;&#160;The Offeror shall consult with the other party prior to issuing any other press releases or otherwise making public statements with respect to the Offer or this Agreement and shall provide the other party with a reasonable period of time to review and comment on all such press releases or statements prior to the release thereof.&#160;&#160;For greater certainty, any joint press releases shall be drafted by the Offeror and provided to the Company for approval, and such approval shall not be unreasonably withheld or delayed.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">7.6&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Directors' and Officers' Insurance and Indemnification</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;From and after the Effective Time, the Company (or its successor) shall maintain for the period from the Effective Time until six years thereafter on a "trailing" or "run-off" basis, a directors' and officers' insurance policy for all present and former directors and officers of the Company and the Company Subsidiary, covering claims in respect of acts or omissions in their capacity as directors or officers of the Company occurring prior to the Effective Time made prior to or within six years after the Effective Time, on terms and conditions comparable to those applicable to the current directors and officers of the Company and the Company Subsidiary, provided that in no event shall the Company be required to expend more than an amount per year equal to 200% of the current annual premiums paid by the Company for such insurance.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;From and after the Effective Time, the Company shall ensure that articles, by-laws and/or other constating documents of the Company and the Company Subsidiary (or their successors) shall contain the provisions with respect to indemnification set forth in the Company's or the Company Subsidiary's current articles and/or by-laws, which provisions shall not, except to the extent required by applicable Laws, be amended, repealed or otherwise modified for a period of six years from the Effective Time in any manner that would adversely affect the rights thereunder of individuals who, immediately prior to the Effective Time, were directors or officers of the Company or the Company Subsidiary, and the Company shall ensure that the obligations of the Company or the Company Subsidiary under any indemnification agreements listed in the Disclosure Letter between the Company or the Company Subsidiary and its directors and officers continue in place or are assumed by, if applicable, any successor to the Company or the Company Subsidiary.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;33 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Offeror shall ensure that all amounts payable under all employment and other agreements in respect of or upon a change of control of the Company set out in the Disclosure Letter are paid in accordance with the provisions of such agreements.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;This Section 7.6 shall survive the termination of this Agreement if such termination occurs following the Effective Time.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">7.7&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Regulatory Filings and Approvals</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;As soon as reasonably practicable after the date hereof, each party shall make all necessary filings, applications and submissions with Regulatory Authorities under all applicable Law in respect of the transactions contemplated herein.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each party shall use its reasonable best efforts to obtain all consents, approvals, authorizations or waivers required to be obtained by it from Regulatory Authorities in respect of the transactions contemplated herein.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">7.8&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Cooperation Regarding Regulatory Filings and Approvals</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Parties shall, as promptly as practicable, prepare and file all necessary documents, registrations, statements, petitions, filings and applications for the Competition Act Approval and use their commercially reasonable efforts to obtain and maintain such approval. In any event, no later than 15 Business Days after the date of execution of this Agreement, the Offeror shall prepare and file a request to the Commissioner for an Advance Ruling Certificate or, in the alternative, a No-Action Letter.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If the Competition Act Approval has not been obtained within 10 calendar days following the Offeror's submission of a request to the Commissioner for an Advance Ruling Certificate or No-Action Letter then, at any time thereafter, either Party may notify the other Party of its intention to submit a Notification, in which case both Parties shall submit a Notification as soon as reasonably practicable, and in any event within 10 Business Days following the delivery of such notice (or such other period of time mutually agreed to in writing between the Parties), both the Offeror and the Company shall submit a Notification, unless the Competition Act Approval has been obtained.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Parties shall use their commercially reasonable efforts to satisfy, as soon as reasonably practicable, any requests for information and documentation received from the Commissioner in connection with the Competition Act Approval.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Subject to applicable Law, each party shall provide the other party (or its external counsel in respect of competitively-sensitive, privileged or confidential matters) with reasonable opportunity to review and comment on all filings, applications and submissions with Regulatory Authorities to be made by it and the other party shall use its commercially reasonable efforts to cooperate with and assist such party in the preparation and making of all such filings, applications and submissions and the obtaining of all consents, approvals, authorizations or waivers required to be obtained by such party (including participating and appearing in any proceedings before Regulatory Authorities).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;34 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each party shall promptly notify the other party of any material communication to such party from any Regulatory Authority in respect of the transactions contemplated herein (and provide a copy thereof if such communication is in writing) and, subject to applicable Laws, provide the other party (or its external counsel in respect of competitively-sensitive, privileged or confidential matters) with reasonable opportunity to review and comment on any proposed written material communication to any such Regulatory Authority.&#160;&#160;Each party shall consult with the other party (or its external counsel in respect of competitively-sensitive, privileged or confidential matters) prior to participating in any substantive meeting or discussion with any Regulatory Authority in respect of the transactions contemplated herein and give the other party (or its external counsel in respect of competitively-sensitive, privileged or confidential matters) the opportunity to attend and participate thereat.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Filing fees payable to the Competition Bureau in connection with the Competition Act Approval shall be shared equally between the Parties.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Despite anything to the contrary contained in this Agreement, the Offeror is under no obligation to take any steps or actions nor to agree to any behavioural remedy including an interim or permanent hold separate order relating to any Competition Act Approval or Regulatory Approval that would, in its sole discretion affect the Offeror's right to own, use or exploit the Offeror's or the Company's businesses, operations or assets or any part thereof or to negotiate or agree to the sale, divestiture or disposition by the Offeror of those businesses, operations or assets or any part thereof.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">7.9&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Alternative Transaction and Pre-Acquisition Reorganization</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;In the event that the Offeror concludes that it is necessary or desirable to proceed with another form of transaction (such as a plan of arrangement or amalgamation) whereby the Offeror or its Affiliates would effectively acquire all of the Company Shares within approximately the same time periods and on economic terms and other terms and conditions (including tax treatment) and having consequences to the Company and its Shareholders which are equivalent to or better than those contemplated by this Agreement (an "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Alternative Transaction</font>"), the Company agrees to support the completion of such Alternative Transaction in the same manner as the Offer and shall otherwise fulfill its covenants contained in this Agreement in respect of such Alternative Transaction.&#160;&#160;In the event of any proposed Alternative Transaction, any reference in this Agreement to the Offer shall refer to the Alternative Transaction to the extent applicable, all terms, covenants, representations and warranties of this Agreement shall be and shall be deemed to have been made in the context of the Alternative Transaction and all references to time periods regarding the Offer, including the Effective Time, herein shall refer to the date of closing of the transactions contemplated by the Alternative Transaction (as such date may be extended from time to time).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Upon request by the Offeror, the Company shall, at the expense of the Offeror: (i) effect such corporate, tax and legal reorganizations of its business, operations and assets or such other transactions as the Offeror may request (each a "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Pre-Acquisition Reorganization</font>") and (ii) co-operate with the Offeror and its advisors in order to determine the nature of the Pre-Acquisition Reorganizations that might be undertaken and the manner in which they might most effectively be undertaken, provided, however,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;35 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror shall indemnify and save harmless the Company and the Company Subsidiary from and against any and all liabilities, losses, damages, claims, costs, expenses, interest awards, judgments and penalties suffered or incurred by any of them in connection with or as a result of any Pre-Acquisition Reorganization and no director, officer, employee, agent or trustee of the Company or the Company Subsidiary shall be required to take any action in any capacity other than as a director, officer, employee, agent or trustee, as the case may be;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any Pre-Acquisition Reorganization shall not become effective unless the Offeror shall have waived or confirmed in writing the satisfaction of all conditions in its favour in the Offer and in this Agreement and shall have confirmed in writing that it is prepared to promptly, and without condition, proceed to effect the acquisition of the Company Shares;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any Pre-Acquisition Reorganization shall not unreasonably interfere in material operations prior to the Effective Time of the Company or the Company Subsidiary;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">unless the Parties otherwise agree, any Pre-Acquisition Reorganization shall not require any filings with, notifications to or approvals of any Regulatory Authority or third party (other than such Tax rulings, and filing such Tax elections or notifications and prefilings or pre-clearances with corporations branches or similar Regulatory Authorities, as are necessary or advisable in the circumstances);</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any Pre-Acquisition Reorganization shall not require the Company or the Company Subsidiary to contravene any applicable Laws, their respective constating documents or any material contract; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(v)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">neither the Company nor the Company Subsidiary shall be obligated to take any action that could result in any Taxes being imposed on, or any adverse Tax or other consequences to, any securityholder of the Company incrementally greater than the Taxes or other consequences to such party in connection with the take-up of Company Shares and the consummation of the Offer in the absence of any Pre-Acquisition Reorganization.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font>The Offeror shall provide written notice to the Company of any proposed Pre-Acquisition Reorganization at least ten Business Days prior to the Expiry Time.&#160;&#160;Upon receipt of such notice, the Offeror and the Company shall co-operate and use commercially reasonable efforts to prepare prior to the Expiry Time all documentation necessary and do all such other acts and things as are necessary to give effect to such Pre-Acquisition Reorganization, prior to the Expiry Time.&#160;&#160;The Offeror agrees to waive any breach of a representation, warranty or covenant of this Agreement by the Company where such breach is a result of an action taken by the Company in good faith pursuant to a request by the Offeror in accordance with this Section 7.9.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;36 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If, at the request of the Offeror, the Company effects any Pre-Acquisition Reorganization before the Expiry Time and the Offer is not completed, the Offeror shall forthwith reimburse the Company for all reasonable fees and expenses (including any professional fees and expenses) incurred by the Company and the Company Subsidiary in consideration of a Pre-Acquisition Reorganization and shall be responsible for any reasonable direct costs, fees, expenses, damages or other amounts that are or may become payable by the Company and the Company Subsidiary in connection with or as a result of reversing or unwinding any Pre-Acquisition Reorganization that was effected or undertaken prior to termination of this Agreement at the Offeror's request.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 8</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">TERMINATION</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">8.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Termination</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may be terminated at any time prior to the Effective Time:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by mutual written agreement of the Offeror and the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Company, if the Offeror does not mail the Offer by the Latest Mailing Time, other than as a result of the breach by the Company of any covenant or obligation under this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Offeror on or after the Latest Mailing Time, if any condition to making the Offer for the Offeror's benefit is not satisfied or waived by such date, other than as a result of the breach by the Offeror of any covenant or obligation under this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Offeror if the Minimum Tender Condition or any other condition of the Offer shall not be satisfied at the Expiry Time, other than as a result of the breach by the Offeror of any covenant or obligation under this Agreement, and the Offeror does not elect to waive such condition;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Offeror or the Company, if the Offeror has not taken up and paid for the Company Shares deposited under the Offer by a date that is 120 days following the date of mailing of the Offer (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Outside Date</font>"), otherwise than as a result of the breach by such party of any covenant or obligation under this Agreement or as a result of any representation or warranty of such party in this Agreement being untrue or incorrect; provided, however, that if the Offeror's take-up and payment for Company Shares deposited under the Offer is delayed by (i) an injunction or order made by a Regulatory Authority of competent jurisdiction, or (ii) the Offeror not having obtained any regulatory waiver, consent or approval which is necessary to permit the Offeror to take up and pay for Company Shares deposited under the Offer, then, provided that such injunction or order is being contested or appealed or such regulatory waiver, consent or approval is being actively sought by the Offeror, as applicable, this Agreement shall not be terminated pursuant to this Section 8.1(e) until the earlier of the 180th day after the date of mailing of the Offer and the fifth Business Day following the date on which such injunction or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;37 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">order ceases to be in effect or such waiver, consent or approval is obtained, as applicable;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by either the Offeror or the Company, if any Regulatory Authority shall have issued an order, decree or ruling permanently restraining or enjoining or otherwise prohibiting any of the transactions contemplated herein (unless such order, decree or ruling has been withdrawn, reversed or otherwise made inapplicable) which order, decree or ruling is final and non-appealable;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by either the Offeror or the Company at any time:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">if the other party is in default of any material covenant or obligation under this Agreement; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">if any representation or warranty of the other party to this Agreement shall have been at the date hereof untrue or incorrect in any material respect or shall have become untrue or incorrect in any material respect at any time prior to the Expiry Time, except for such inaccuracies in the representations and warranties which, individually or in the aggregate, would not reasonably be expected to, in the case of the Offeror, have a Material Adverse Effect in respect of the Company or prevent or materially delay the consummation of the transactions contemplated herein or, in the case of the Company, prevent or materially delay the consummation of the transactions contemplated herein,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">provided that the non-defaulting party shall be required to deliver written notice to the defaulting party specifying in reasonable detail all defaults or breaches of covenants, representations and warranties or other matters which such non-defaulting party is asserting as the basis for the right of termination and shall be entitled to terminate this Agreement pursuant to this Section 8.1(g) only if such default or breach shall not have been cured at the earlier of the Expiry Time and the close of business on the third Business Day after the delivery of such notice;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(h)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Offeror, if:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Board or the Special Committee withdraws, modifies, changes or qualifies its approval or recommendation of this Agreement or the Offer in any manner adverse to the Offeror;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Board fails to publicly affirm its approval or recommendation of this Agreement or the Offer within five calendar days of any written request to do so by the Offeror;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Board or the Special Committee recommends or approves an Acquisition Proposal;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Board or the Special Committee has resolved to do either (i) or (iii) above; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;38 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(v)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Company is in material default of any covenant or obligation under Article 6;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Company, if the Company proposes to accept, approve or recommend, or enter into a definitive agreement with respect to a Superior Proposal, provided the Company has complied with its obligations under Section 8.2, including paying to the Offeror the applicable Termination Payment in compliance with Section 8.2 and provided the Company is not in breach of any of its covenants or obligations under this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(j)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Offeror or the Company, if the Offeror elects not to match a Superior Proposal in accordance with the terms of Section 6.3(b), provided the Company has paid to the Offeror the applicable Termination Payment in compliance with Section 8.2; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(k)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Offeror if the Company fails to satisfy any of the conditions of the Offer set out in Schedule A to this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">8.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Termination Payment</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Offeror shall be entitled to a payment of $14 million (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Termination Payment</font>") upon the occurrence of any of the following events (each a "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Termination Payment Event</font>") which shall be paid by the Company within the time specified in respect of each such Termination Payment Event:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 90pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement is terminated by the Offeror pursuant to Section 8.1(h), in which case the Termination Payment shall be paid to the Offeror by 1:00 p.m. (Toronto time) on the first Business Day following termination;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 54pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement is terminated by the Company pursuant to either Section 8.1(i) or 8.1(j), i n which case the Termination Payment shall be paid prior to or concurrently with such termination;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 54pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement is terminated by the Offeror pursuant to Section 8.1(d) as a result of the Minimum Tender Condition not being satisfied or Section 8.1(e), in each case if on or after the date hereof and prior to the Expiry Time, an Acquisition Proposal has been publicly announced and not publicly withdrawn or abandoned prior to the Expiry Time, and within six months following the termination of this Agreement any definitive agreement in respect of any Acquisition Proposal is entered into, in which case the Termination Payment shall be paid on the date such definitive agreement in respect of the Acquisition Proposal is entered into. For the purposes of this Section 8.2(a)(iii), all references to 20% in the definition of "Acquisition Proposal" shall be read as 50% and a transaction contemplated by subsection (c) of such definition shall not be considered an "Acquisition Proposal" unless it is an issue of 50% or more of the issued and outstanding shares or voting securities of the Company to a</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;39 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 108pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">person or group of persons acting jointly and in concert, other than an underwriter in connection with a distribution; and</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 54pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement is terminated by the Offeror pursuant to either Section 8.1(g)(i) or Section 8.1(k) in which case the Termination Payment shall be paid to the Offeror by 1:00 p.m. (Toronto time) on the first Business Day following termination.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If the Offer is terminated by the Offeror pursuant to Section 8.1(g)(i) or Section&#160;&#160;8.1(g)(ii), the Company shall pay such amount (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offeror Reimbursement Amount</font>") as is required to reimburse the Offeror for all reasonable costs and expenses incurred by it in connection with this Agreement and the Offer, including all reasonable fees, costs and expenses of its legal, financial, auditing, professional and other advisors and all other reasonable costs and expenses whatsoever or howsoever incurred, in connection therewith, up to a maximum of $1 million to the Offeror by the fifth Business Day following the receipt by the Company of an invoice for such fees and expenses, supported by applicable documentation.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Termination Payment or the Expense Reimbursement Amount shall be paid by the Company to the Offeror by wire transfer in immediately available funds to an account specified by the Offeror.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;If the Offer is terminated by the Company pursuant to Section 8.1(g)(i) or Section 8.1(g)(ii), the Offeror shall pay such amount (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company</font> <font style="DISPLAY: inline; FONT-WEIGHT: bold">Expense Reimbursement Amount</font>") as is required to reimburse the Company for all reasonable costs and expenses incurred by it in connection with this Agreement and the Offer, including all reasonable fees, costs and expenses of its legal, financial, auditing, professional and other advisors and all other reasonable costs and expenses whatsoever or howsoever incurred, in connection therewith, up to a maximum of $1 million to the Company on the fifth Business Day following the receipt by the Offeror of an invoice for such fees and expenses, supported by appropriate documentation.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company Expense Reimbursement Amount shall be paid by the Offeror to the Company by wire transfer in immediately available funds to an account specified by the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">8.3&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Effect of Termination</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Where a Termination Payment Event occurs, the payment of the Termination Payment, or where the Offeror Expense Reimbursement Amount or the Company Expense Reimbursement Amount is payable, the payment of such amount, shall be in consideration of the disposition of the rights of the party receiving the payment under this Agreement and is the sole remedy in compensation for damages of the party receiving the payment and its Affiliates with respect to the event or events giving rise to the termination of this Agreement and the resulting Termination Payment Event or requirement to pay the Offeror Expense Reimbursement Amount or Company Expense Reimbursement Amount; provided, however, that nothing contained in this Section 8.3, and no payment of any Termination Payment, Offeror Expense Reimbursement Amount or Company Expense Reimbursement Amount, shall relieve or have the effect of relieving any party in any way from liability for damages incurred or suffered by a party as a</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;40 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">result of an intentional or wilful breach of this Agreement.&#160;&#160;In the event of termination of this Agreement pursuant to Section 8.1, this Agreement shall be of no further force and effect, except that Section 8.2, this Section 8.3 and Article 9 shall survive the termination of this Agreement.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">8.4&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Remedies</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Subject to Section 8.3, the parties acknowledge and agree that an award of money damages would be inadequate for any breach of this Agreement by any party or its Representatives and any such breach would cause the non-breaching party irreparable harm.&#160;&#160;Accordingly, the parties agree that, in the event of any breach or threatened breach of this Agreement by one of the parties, the non-breaching party will also be entitled, without the requirement of posting a bond or other security, to equitable relief, including injunctive relief and specific performance.&#160;&#160;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 equity to each of the parties.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 9</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">GENERAL PROVISIONS</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">9.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Amendment</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may not be amended except by an instrument signed by each of the parties.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">9.2&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Waiver</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;At any time prior to the termination of this Agreement pursuant to Section 8.1, either party may:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">extend the time for the performance of any of the obligations or other acts of the other party; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">waive compliance with any of the agreements of the other party or with any conditions to its own obligations, in each case only to the extent such obligations, agreements and conditions are intended for its benefit.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;No waiver by either 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.&#160;&#160;No failure or delay in exercising any right, power or privilege under this Agreement will operate as a waiver thereof, nor will any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any right, power or privilege under this Agreement.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;41 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">9.3&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Expenses; Advisors</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The parties agree that all costs and expenses of the parties relating to the transactions contemplated herein, including legal fees, accounting fees, financial advisory fees, regulatory filing fees, stock exchange fees, all disbursements of advisors and printing and mailing costs, shall be paid by the party incurring such expenses.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company represents and warrants to the Offeror that, with the exception of the Financial Advisor and the Fairness Opinion Provider, for whose fees and expenses the Company shall be solely liable, no securityholder, director, officer, employee, consultant, broker, finder or investment banker is entitled to any brokerage, finder's or other fee or commission, or to the reimbursement of any of its expenses, in connection with the transactions contemplated herein based upon arrangements made by or on behalf of the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">9.4&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Notices</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">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, 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, if not the next succeeding Business Day) unless actually received after 4:30 p.m. (Toronto time) at the point of delivery in which case it shall be deemed to have been given and received on the next Business Day.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The address for service for each of the parties hereto shall be as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">if to the Company:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="51%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Rainy River Resources Ltd.</font></div>
</td>
<td valign="top" width="16%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="51%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1 Richmond Street West</font></div>
</td>
<td valign="top" width="16%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="51%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Suite 701</font></div>
</td>
<td valign="top" width="16%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="51%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Toronto, Ontario&#160;&#160;M5H 3W4</font></div>
</td>
<td valign="top" width="16%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Attention:</font></div>
</td>
<td valign="top" width="39%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gerry Shields, Vice President,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">General Counsel and Corporate Secretary</font></div>
</td>
<td valign="top" width="16%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Fax:</font></div>
</td>
<td valign="top" width="39%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(604) 639-4458</font></div>
</td>
<td valign="top" width="16%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="51%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">with a copy to:</font></div>
</td>
<td valign="top" width="16%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="51%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Bull, Housser &amp; Tupper LLP</font></div>
</td>
<td valign="top" width="16%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="51%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3000-1055 West Georgia Street</font></div>
</td>
<td valign="top" width="16%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="51%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vancouver, British Columbia&#160;&#160;V6E 3R3</font></div>
</td>
<td valign="top" width="16%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="39%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="16%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Attention:</font></div>
</td>
<td valign="top" width="39%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Marion Shaw</font></div>
</td>
<td valign="top" width="16%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Fax:</font></div>
</td>
<td valign="top" width="39%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(604) 646-2510</font></div>
</td>
<td valign="top" width="16%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
</table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 42 -</font> </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">if to the Offeror:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="67%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">New Gold Inc.</font></div>
</td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="67%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">200 Bay Street, Royal Bank Plaza</font></div>
</td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Suite 3120</font></div>
</td>
<td valign="top" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="67%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Toronto, Ontario&#160;&#160;M5J 2J4</font></div>
</td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Attention:</font></div>
</td>
<td valign="top" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Brian Penny, Executive Vice President</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">and Chief Financial Officer</font></div>
</td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Fax:</font></div>
</td>
<td valign="top" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(416) 324-9494</font></div>
</td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="67%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">with a copy to:</font></div>
</td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="67%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cassels Brock &amp; Blackwell LLP</font></div>
</td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="67%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Scotia Plaza, Suite 2100</font></div>
</td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="67%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">40 King Street West</font></div>
</td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="67%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Toronto, Ontario&#160;&#160;M5H 3C2</font></div>
</td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Attention:</font></div>
</td>
<td valign="top" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Andrea FitzGerald</font></div>
</td>
</tr><tr>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Fax:</font></div>
</td>
<td valign="top" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(416) 640-3194</font></div>
</td>
</tr></table>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">9.5&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Severability</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated and the parties shall negotiate in good faith to modify the agreement to preserve each party's anticipated benefits under this Agreement.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">9.6&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Entire Agreement</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement and the Confidentiality Agreements (together with all other documents and instruments referred to herein) constitute the entire agreement and supersede all other prior agreements and undertakings, both written and oral, among the parties with respect to the subject matter hereof.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">9.7&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Assignment</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement shall enure to the benefit of and be binding upon the parties and their respective successors and permitted assigns.&#160;&#160;This Agreement may not be assigned by any party without the prior written consent of the other party.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">9.8&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Governing Law</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement shall be governed in all respects, including validity, interpretation and effect, by the Laws of the Province of British Columbia and the federal Laws of Canada applicable therein, without giving effect to any principles of conflict of Laws thereof which would result in the application of the Laws of any other jurisdiction, and all actions and</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">- 43 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">proceedings arising out of or relating to this Agreement shall be heard and determined exclusively in the courts of the Province of British Columbia.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">9.9&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="FONT-STYLE: italic; DISPLAY: inline; TEXT-DECORATION: underline">Contra Proferentum</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The parties waive the application of any rule of Law which otherwise would be applicable in connection with the construction of this Agreement that ambiguous or conflicting terms or provisions should be construed against the party who (or whose counsel) prepared the executed agreement or any earlier draft of the same.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">9.10&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">No Third Party Beneficiaries</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Except as provided in Section 7.6, this Agreement is not intended to confer on any person other than the parties any rights or remedies.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">9.11&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Time of Essence</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Time shall be of the essence in this Agreement.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">9.12&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Counterparts</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may be executed in any number of counterparts, each of which shall be deemed to be original and all of which taken together shall be deemed to constitute one and the same instrument, and it shall not be necessary in making proof of this Agreement to produce more than one counterpart.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">[THE REMAINDER OF THIS PAGE HAS BEEN LEFT BLANK INTENTIONALLY]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">- 44 -</font>&#160;&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IN WITNESS WHEREOF, this Agreement has been executed and delivered as of the date first above written, by the duly authorized representatives of the parties hereto.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="38%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">RAINY RIVER RESOURCES LTD.</font></div>
</td>
</tr><tr>
<td valign="top" width="38%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">by</font></div>
</td>
<td colspan="2" valign="top" width="38%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(<font style="FONT-STYLE: italic; DISPLAY: inline">signed</font>)</font></div>
</td>
</tr><tr>
<td valign="top" width="38%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Name:</font></div>
</td>
<td valign="top" width="29%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gerald Shields</font></div>
</td>
</tr><tr>
<td valign="top" width="38%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Title:</font></div>
</td>
<td valign="top" width="29%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vice President, General Counsel</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">and Corporate Secretary</font></div>
</td>
</tr><tr>
<td valign="top" width="38%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="38%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="38%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(<font style="FONT-STYLE: italic; DISPLAY: inline">signed</font>)</font></div>
</td>
</tr><tr>
<td valign="top" width="38%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Name:</font></div>
</td>
<td valign="top" width="29%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nicholas Nikolakakis</font></div>
</td>
</tr><tr>
<td valign="top" width="38%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Title:</font></div>
</td>
<td valign="top" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vice President and</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Chief Financial Officer</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="38%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NEW GOLD INC.</font></div>
</td>
</tr><tr>
<td valign="top" width="38%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">by</font></div>
</td>
<td colspan="2" valign="top" width="38%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(<font style="FONT-STYLE: italic; DISPLAY: inline">signed</font>)</font></div>
</td>
</tr><tr>
<td valign="top" width="38%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Name:</font></div>
</td>
<td valign="top" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Brian Penny</font></div>
</td>
</tr><tr>
<td valign="top" width="38%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Title:</font></div>
</td>
<td valign="top" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Executive Vice President and Chief Financial Officer</font></div>
</td>
</tr></table>
</div>

<br>
<br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SCHEDULE A</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONDITIONS OF THE OFFER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Subject to the provisions of the Agreement and applicable Laws, the Offeror shall have the right to withdraw or terminate the Offer (or extend or amend the Offer or postpone taking up and paying for any Company Shares deposited under the Offer), and shall not be required to accept for payment, take-up, purchase or pay for any Company Shares deposited under the Offer unless all of the following conditions are satisfied or waived by the Offeror in accordance with this Agreement at or prior to the Expiry Time:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">there shall have been validly deposited under the Offer and not withdrawn at the Expiry Time such number of Company Shares that constitute at least 66-2/3% of the Company Shares outstanding at the Expiry Time on a fully-diluted basis (the "Minimum Tender Condition");</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Agreement shall not have been terminated in accordance with its terms;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror shall have determined, acting reasonably, that:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no act, action, suit or proceeding shall have been threatened in writing or taken before or by any Regulatory Authority or by any elected or appointed public official or private person (including any individual, corporation, firm, group or other entity) in Canada or elsewhere, whether or not having the force of law; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no Law shall have been proposed, enacted, promulgated or applied, in any case:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 108pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(A)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to cease trade, enjoin, prohibit or impose material limitations or conditions on the purchase by or the sale to the Offeror of the Company Shares, the right of the Offeror to own or exercise full rights of ownership of the Company Shares or the consummation of a Compulsory Acquisition or a Subsequent Acquisition Transaction;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 108pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(B)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">which, if the Offer, any Compulsory Acquisition or any Subsequent Acquisition Transaction were consummated, could in the Offeror's reasonable judgement constitute a Material Adverse Effect in respect of the Company; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 108pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(C)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">which would materially and adversely affect (i) the value of the Company Shares to the Offeror, or (ii) the ability of the Offeror to proceed with the Offer, any Compulsory Acquisition or any Subsequent Acquisition Transaction and/or taking up and paying for any shares deposited under the Offer;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">there shall not exist any prohibition at Law against the Offeror making or maintaining the Offer or taking up and paying for any Company Shares deposited</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">under the Offer or completing any Compulsory Acquisition or any Subsequent Acquisition Transaction;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">all government and regulatory approvals, including the Competition Act Approval, waiting or suspensory periods, waivers, permits, consents, reviews, investigations, orders, certificates, rulings, decisions, statements of no objection and exemptions, that are required by Law to complete the Offer or any Compulsory Acquisition or Subsequent Acquisition Transaction, shall have been obtained or concluded or, in the case of waiting or suspensory periods, expired or been terminated, each on terms and conditions satisfactory to the Offeror and the Company, acting reasonably;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror shall have determined, acting reasonably, that there shall not exist or have occurred (or, if there does exist or shall have occurred prior to the commencement of the Offer, there shall not have been disclosed generally or to the Offeror in writing) any change (or any condition, event or development involving a prospective change) in the business, operations, assets, capitalization, properties, financial condition, prospects, licences, permits, rights, privileges or liabilities of the Company or of the Company Subsidiary that, when considered either individually or in the aggregate, constitutes a Material Adverse Effect in respect of the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Company shall have complied in all material respects with its covenants and obligations under the Agreement to be complied with at or prior to the Expiry Time and all representations and warranties made by the Company in this Agreement shall be true and correct at and as of the Expiry Time as if made at such time except for those expressly stated to speak as of an earlier time, except where such inaccuracies in the representations and warranties, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect in respect of the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(h)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror shall not have become aware of any untrue statement of a material fact, or an omission to state a material fact that is required to be stated or that is necessary to make a statement not misleading in light of the circumstances in which it was made and at the date it was made, (after giving effect to all subsequent filings in relation to all matters covered in earlier filings) in any document filed or released by or on behalf of the Company with any securities regulatory authority in Canada or elsewhere, including any annual report, financial statements, material change report, press release and management information circular, which the Offeror shall have determined in its reasonable judgment constitutes a Material Adverse Effect in respect of the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">there shall have not occurred, developed or come into effect or existence any effect, action, state, condition or major financial occurrence of national or international consequence or any law, regulation, action, government regulation, enquiry or other occurrence of any nature whatsoever which, in the opinion of the</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">3</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Offeror, acting reasonably, materially adversely affects and will continue to materially adversely affect the financial markets in Canada or the United States;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(j)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Board shall have waived, suspended the operation of or otherwise rendered the Shareholder Rights Plan inoperative or ineffective as regards to the Offer;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(k)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Company shall have made commercially reasonable efforts to cause all Options outstanding under the Option Plans to be exercised or surrendered for cancellation at the Expiry Time.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(l)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Company and the Board, as applicable, shall have made commercially reasonable efforts to amend the warrant certificate evidencing the Warrants to provide that each Warrant that is outstanding and has not been duly exercised prior to the Expiry Time shall entitle the holder thereof to receive, in lieu of that number of Company Shares otherwise issuable upon exercise of the Warrants, that number of New Gold Shares that such holder would have been entitled to receive under the Share Option in connection with the Offer if such holder had been the registered holder of the number of Company Shares to which such holder was entitled upon exercise thereof immediately prior to the Expiry Time (adjusted in accordance with the applicable exchange ratio under the Offer);</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(m)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">with respect any other rights outstanding to acquire Company Shares under any other existing agreements, contracts or other arrangements, including without limitation the Mineral Property Option Agreements and the Participation Agreement, the Company shall have made commercially reasonable efforts to ensure that such agreements and rights are amended to provide for the issuance of New Gold Shares in lieu of that number of Company Shares otherwise issuable under the terms of such existing agreements and/or rights, as adjusted in accordance with the applicable exchange ratio under the Share Option in connection with the Offer; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(n)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">with respect to the outstanding Employee Share Purchase Plan, the Company shall have taken all necessary actions and steps to issue share certificates representing all outstanding Company Shares that are credited to any participant under the Employee Share Purchase Plan (and therefore beneficially owned by such participant under the terms of the Employee Share Purchase Plan) in order to facilitate the tender of such Company Shares to the Offer by such participant prior to the Expiry Time, and the Board shall have taken all necessary actions and steps (including, without limitation, passing all necessary resolutions, providing all necessary notices, making all necessary filings and obtaining all necessary consents) immediately thereafter to ensure that the Employee Share Purchase Plan is terminated and no further rights or credits are granted thereunder.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The foregoing conditions are for the exclusive benefit of the Offeror and may be asserted by the Offeror regardless of the circumstances giving rise to any such assertion, including any action or inaction by the Offeror. Subject to the provisions of the Agreement, the Offeror in its sole discretion may waive any of the foregoing conditions in whole or in part at any</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">4&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">time and from time to time without prejudice to any other rights which the Offeror may have.&#160;&#160;The failure by the Offeror at any time to exercise any of the foregoing rights will not be deemed to be a waiver of any such right and each such right shall be deemed to be an ongoing right which may be asserted at any time and from time to time.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SCHEDULE B</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">PRORATION PRINCIPLES</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Maximum Cash Consideration and the Maximum Share Consideration will be prorated on each Take-Up Date as necessary to ensure that the total aggregate consideration payable under the Offer and in any Compulsory Acquisition or Subsequent Acquisition Transaction does not exceed the Maximum Cash Consideration and the Maximum Share Consideration.&#160;&#160;Accordingly:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the aggregate amount of cash that the Offeror will pay as consideration for Company Shares pursuant to the Offer and any Compulsory Acquisition or Subsequent Acquisition Transaction on any Take-Up Date shall not exceed the Maximum Cash Consideration multiplied by a fraction, the numerator of which is the number of Company Shares to be taken up on such Take-Up Date and the denominator of which is the total number of outstanding Company Shares not held by the Offeror on the date of the Offer, calculated on a fully-diluted basis (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Maximum Take-Up Date Cash Consideration</font>"); and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the aggregate number of New Gold Shares that the Offeror will issue as consideration for Company Shares pursuant to the Offer and any Compulsory Acquisition or Subsequent Acquisition Transaction on any Take-Up Date shall not exceed the Maximum Share Consideration multiplied by a fraction, the numerator of which is the number of Company Shares to be taken up on such Take-Up Date and the denominator of which is the total number of outstanding Company Shares not held by the Offeror on the date of the Offer, calculated on a fully-diluted basis (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Maximum Take-Up Date Share Consideration</font>").</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The actual consideration to be received by a Shareholder electing (or deemed to be electing) the Cash Option (a "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Cash Electing Shareholder</font>") and a Shareholder electing the Share Option (a "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Share Electing Shareholder</font>") is subject to the following:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">if, on any Take-Up Date, the aggregate cash consideration that would otherwise be payable by the Offeror to Cash Electing Shareholders in respect of their Company Shares to be taken up on such Take-Up Date exceeds the Maximum Take-Up Date Cash Consideration, then the Maximum Take-Up Date Cash Consideration will be prorated among the Cash Electing Shareholders such that each Cash Electing Shareholder will receive an amount equal to the amount of the cash sought by such Cash Electing Shareholder multiplied by a fraction, the numerator of which is the Maximum Take-Up Date Cash Consideration, and the denominator of which is the aggregate amount of the cash consideration sought by all Cash Electing Shareholders on such Take-Up Date, and each such Cash Electing Shareholder will receive the balance of the consideration to which they are entitled in the form of a number of New Gold Shares, calculated by dividing such balance by $7.66, rounded down to the nearest whole number (with cash paid in lieu of any fractional New Gold Share); and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">2</font></font></div>
</div>
</div>

<br>
<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">if, on any Take-Up Date, the number of New Gold Shares that would otherwise be issuable to Share Electing Shareholders in respect of their Company Shares to be taken up on such Take-Up Date exceeds the Maximum Take-Up Date Share Consideration, then the Maximum Take-Up Date Share Consideration will be prorated among the Share Electing Shareholders such that each Share Electing Shareholder will receive a number of New Gold Shares (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Number of Delivered New Gold Shares</font>") equal to the number of New Gold Shares sought by such Share Electing Shareholder multiplied by a fraction (rounded to four decimal places), the numerator of which is the Maximum Take-Up Date Share Consideration and the denominator of which is the aggregate number of New Gold Shares sought by all Share Electing Shareholders in respect of their Company Shares to be taken up on such Take-Up Date, rounded down to the nearest whole number (with cash paid in lieu of any fractional New Gold Share) and each such Share Electing Shareholder will receive the balance of the consideration to which they are entitled in cash, calculated by subtracting (i) the product of (A) the Number of Delivered New Gold Shares multiplied by (B) $7.66, from (ii) the product of (A) $3.83 multiplied by (B) the number of Company Shares of the Share Electing Shareholder taken up by the Offeror on such Take-Up Date, and the result thereof is rounded down to the nearest $0.01.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Any cash paid in lieu of any fractional New Gold Share hereunder shall be in addition to and shall not reduce the Maximum Cash Consideration, and such cash payment shall be rounded down to the nearest $0.01.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For greater certainty: (a) if a Shareholder elects (or is deemed to elect) the Cash Option and, as a result of the prorationing described above, receives any New Gold Shares, such Shareholder will be deemed to have received a proportionate amount of cash and New Gold Shares as consideration for each whole Company Share deposited under the Offer by such Shareholder in respect of which the Shareholder elected (or is deemed to have elected) the Cash Option; and (b) if a Shareholder elects the Share Option and, as a result of the prorationing described above, receives any cash consideration, such Shareholder will be deemed to have received a proportionate amount of New Gold Shares and cash as consideration for each whole Company Share deposited under the Offer by such Shareholder in respect of which the Shareholder elected the Share Option.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SCHEDULE C</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES OF THE OFFEROR</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Organization and Qualification</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Offeror is validly existing as a corporation under the Laws of the Province of British Columbia and has the requisite corporate power and authority to own its assets and conduct its businesses as they are now being conducted.&#160;&#160;The Offeror is duly qualified to carry on business, and is in good standing, in each jurisdiction in which the character of its properties, owned or leased, or the nature of its activities makes such qualification necessary, except where the failure to be so qualified would not, individually or in the aggregate, have a Material Adverse Effect in respect of the Offeror.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Capitalization</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The authorized capital of the Offeror consists of an unlimited number of common shares.&#160;&#160;As at the date hereof&#160;&#160;there are: (i) 477,047,422 New Gold Shares issued and outstanding; and (ii) an aggregate of 39,345,069 New Gold Shares reserved for issuance pursuant to outstanding options, warrants, convertible securities and other rights to acquire New Gold Shares. All outstanding New Gold Shares have been authorized and are validly issued and outstanding as fully paid and non-assessable shares, free of pre-emptive rights.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Authority Relative to this Agreement</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Offeror has the requisite corporate power, authority and capacity to enter into this Agreement and to perform its obligations hereunder.&#160;&#160;The execution and delivery of this Agreement by the Offeror and the consummation by the Offeror of the transactions contemplated by this Agreement have been duly authorized by its board of directors and no other corporate proceedings on its part are necessary to authorize this Agreement, the Offer or the performance by the Offeror of its obligations hereunder other than with respect to the approval of the Offer Circular and other matters relating thereto pursuant to applicable securities Law.&#160;&#160;This Agreement has been duly executed and delivered by the Offeror and constitutes a legal, valid and binding obligation of the Offeror, enforceable against it in accordance with its terms, subject, however, to limitations with respect to enforcement imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that equitable remedies such as specific performance and injunction are in the discretion of the court from which they are sought.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The authorization of this Agreement, the execution and delivery by the Offeror of this Agreement and the performance by it of its obligations under this Agreement and the Offer will not result (with or without notice or the passage of time) in a violation, conflict or breach of, or constitute a default under, in respect of or require any consent to be obtained under or give rise to any restriction or limitati-on under, or third party right of termination, amendment, first refusal, cancellation, acceleration, penalty or payment obligation or right of purchase or sale under any provision of:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the articles or by-laws of the Offeror;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">2</font></font></div>
</div>
</div>

<br>
<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any applicable Law to which the Offeror is subject or by which the Offeror is bound; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any agreement, contract, indenture, deed of trust, mortgage, bond, note, instrument, licence, franchise, grant or permit to which the Offeror is a party or by which it is bound,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">which would, individually or in the aggregate, have a Material Adverse Effect in respect of the Offeror or materially impede the completion of the transactions contemplated by this Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Assuming the veracity of paragraph 28 of Schedule D, other than in connection with the rules of the TSX and NYSE or as contemplated by Section 5.2(b), 5.2(c) no authorization, consent or approval of, or filing with, any Regulatory Authority is necessary under applicable Law for the consummation by the Offeror of its obligations under this Agreement.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Ownership of Company Shares</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As at the date hereof, the Offeror owns, directly or indirectly, no Company Shares.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Filings</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Documents or information filed by the Offeror under applicable Law since and including December 31, 2012, including the Offeror's (a) annual information form dated March 27, 2013; (b) audited consolidated financial statements as at and for the year ended December 31, 2012, (c) unaudited condensed consolidated financial statements as at and for the three months ended March 31, 2013, (d) management information circular dated March 22, 2013 in respect of the Offeror's annual general meeting of shareholders held May 1, 2013, (e) 40-F filed with the SEC in connection with the year ended December 31, 2012; and (f) any material change reports that have been filed by the Offeror between December 31, 2012 and the date hereof are, and any such documents or information filed by the Offeror after the date hereof and before the Offer is completed (collectively, the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">New Gold Public Documents</font>") will be, as of their respective dates, in compliance in all material respects with applicable Law and do not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading as of their respective dates.&#160;&#160;The Offeror has not filed any confidential material change reports that remain confidential.&#160;&#160;The Offeror has filed all technical reports as required under National Instrument 43-101 and, as a result of disclosure that the Offeror has made as of the date hereof, is not and will not be required to file any further technical reports under such instrument.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Financial Statements</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The audited consolidated balance sheets and related consolidated statements of income, comprehensive income, changes in equity and cash flows of the Offeror as at and for the financial year ended December 31, 2012 and the unaudited condensed consolidated balance sheet and consolidated statements of income, comprehensive income, changes in equity and cash flows of the Offeror as at and for the periods ended March 31, 2013 and 2012 contained in the New</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; <font size="2">3</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Gold Public Documents were prepared in accordance with IFRS consistently applied and fairly present the consolidated financial condition of the Offeror (on a consolidated basis) at the respective dates indicated and the results of operation of the Offeror (on a consolidated basis) for the periods covered thereby.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Such statements present fairly, in all material respects, the consolidated financial condition and results of operations of the Offeror as of the respective dates thereof and for the respective periods covered thereby applied on a basis consistent with the immediately prior period and throughout the periods indicated (except as may be indicated expressly in the notes thereto).&#160;&#160;Such statements reflect appropriate and adequate reserves in respect of contingent liabilities, if any, of the Offeror on a consolidated basis.&#160;&#160;Since December 31, 2012, the Offeror has not effected any change in its accounting methods, principles or practices, except as otherwise set out in the Offeror's financial statements, including the notes thereto.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Offeror&#8217;s accountants are set forth in the New Gold Public Documents and, to the knowledge of the Offeror, such accountants are (i) an independent registered public accounting firm within the meaning of the U.S. Securities Act and the Public Company Accounting Oversight Board (United States), and (ii) not in violation of the auditor independence requirements of the United States Sarbanes-Oxley Act of 2002 (the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Sarbanes-Oxley Act</font>&#8221;) with respect to the Offeror.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Offeror maintains systems of internal accounting controls designed to provide reasonable assurance that (i) transactions are executed in accordance with management&#8217;s general or specific authorizations; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management&#8217;s general or specific authorization; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.&#160;&#160;Since the date of the audited consolidated balance sheets and related consolidated statements of income, comprehensive income, changes in equity and cash flows of the Offeror as at and for the financial year ended December 31, 2012, there has been no change in the Offeror&#8217;s internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the Offeror&#8217;s internal control over financial reporting.&#160;&#160;Since the end of the Offeror&#8217;s most recent audited fiscal year, there has been (A) no material weakness in the Offeror&#8217;s internal control over financial reporting (whether or not remediated) and (B) no change in the Offeror&#8217;s internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the Offeror&#8217;s internal control over financial reporting.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">7.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Litigation</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">There are no claims, actions, suits, proceedings or investigations pending or, to the knowledge of the Offeror, threatened against or relating to the Offeror or affecting any of its properties or assets before or by any court or governmental or regulatory authority or body which involve the possibility of any judgment or liability which could reasonably be expected to have a Material Adverse Effect in respect of the Offeror or prevent or materially delay consummation of the transactions contemplated by this Agreement, nor is the Offeror aware of any basis for any such claim, action, proceeding or investigation.&#160;&#160;The Offeror is not subject to any outstanding</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">4</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">order, writ, injunction or decree which has had or is reasonably likely to have a Material Adverse Effect in respect of the Offeror or prevent or materially delay consummation of the transactions contemplated by this Agreement.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">8.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">No Insolvency</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Offeror is not insolvent within the meaning of applicable bankruptcy, insolvency or fraudulent conveyance laws. No act or proceeding has been taken by or against the Offeror in connection with the dissolution, liquidation, winding up, bankruptcy or reorganization of the Offeror or the appointment of a trustee, receiver, manager or other administrator of the Offeror or any of its properties or assets nor, to the knowledge of the Offeror, is any threatened.&#160;&#160;The Offeror has not sought protection under the <font style="FONT-STYLE: italic; DISPLAY: inline">Bankruptcy and Insolvency Act</font> (Canada) or the <font style="FONT-STYLE: italic; DISPLAY: inline">Company Creditors Arrangement Act</font> (Canada) or similar legislation in other Canadian and foreign jurisdictions. Neither the Offeror nor any of its properties or assets is subject to any outstanding judgment, order, writ, injunction or decree that involves or may involve, or restricts or may restrict, the right or ability of the Offeror to conduct its business in all material respects as it has been carried on prior to the date hereof, or that would or could materially impede the completion of the Offer or other transactions contemplated by this Agreement, except to the extent any such matter would not have a Material Adverse Effect in respect of the Offeror.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">9.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Compliance with Law</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Offeror has complied with and is in compliance with all applicable Laws other than any non-compliance which would, individually or in the aggregate, not have a Material Adverse Effect in respect of the Offeror.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">10.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Shareholder Approval</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">No vote or approval of the holders of New Gold Shares or the holder of any other securities of the Offeror is necessary to approve this Agreement, the Offer or the other transactions contemplated herein.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">11.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Reporting Issuer Status</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Offeror (i) is a reporting issuer not in default or the equivalent thereof under the securities Law of each of the provinces and territories of Canada and the New Gold Shares are registered under Section 12 of the Exchange Act, (ii) is not subject to any cease trade order or stop order under applicable securities Law and (iii) is current with all material filings required to be made under applicable securities Law.&#160;&#160;The outstanding New Gold Shares are listed on the TSX and NYSE MKT. The Offeror has not received any notice from the TSX or the NYSE MKT notifying the Offeror that it is not in compliance with the listing or maintenance requirements of such stock exchanges.&#160;&#160;Neither the TSX nor the NYSE MKT has notified the Offeror that it has commenced any delisting proceedings against the Offeror.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">12.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Issuance of New Gold Shares under the Offer</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The New Gold Shares to be issued and delivered by the Offeror to tendering Shareholders pursuant to the Offer, when issued and delivered as part of the consideration paid</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">5</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">for any securities acquired by the Offeror pursuant to the Offer, will be duly and validly issued and fully paid and non-assessable shares of the Offeror.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">13.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">United States Securities Law Matters</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Offeror: (i) is a "foreign private issuer" as defined in Rule 405 under U.S.<font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font>Securities Act and (ii) is not registered or required to register as an &#8220;investment company&#8221; under the United States Investment Company Act of 1940, as amended; and (iii) assuming the Company is a British Columbia corporation and assuming the veracity of paragraphs 29(a) and 29(c) of Schedule D, is eligible to register the New Gold Shares to be issued pursuant to the Offer on Form&#160;F-10 under the U.S. Securities Act.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">14.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Lock-Up Agreements</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Offeror has entered into a Lock-Up Agreement with each of the Locked-Up Board and Management Shareholders and the Locked-Up Significant Shareholders and, except as disclosed to the Company, has not entered into any other agreements with such holders or other Shareholders in respect of the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">15.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Investment Canada</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Offeror is a Canadian within the meaning of the <font style="FONT-STYLE: italic; DISPLAY: inline">Investment Canada Act</font> (Canada).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">16.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Financing Arrangements</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Offeror has sufficient funds to effect payment in full of the Maximum Cash Consideration required in respect of the purchase of all of the Company Shares subject to the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">17.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Disclosure</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All information provided to the Company and its Representatives by the Offeror and its Representatives in relation to its and their due diligence requests was accurate in all material respects as at the date it was delivered to the Company or its Representatives, and no material facts were omitted from such information which would make such information materially misleading, except to the extent, in each such case, subsequent information has been provided to the Company prior to the date of this Agreement, which has corrected any inaccuracy contained in the original information.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">18.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Mineral Resources and Reserves</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The most recent estimated measured, indicated and inferred mineral resources and proven and probable mineral reserves disclosed in the New Gold Public Documents have been prepared and disclosed in accordance in all material respects with accepted engineering practices and applicable Law, including without limitation, NI 43-101.&#160;&#160;There has been no material reduction in the aggregate amount of estimated mineral resources or mineral reserves of the</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">6</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Offeror and its subsidiaries, taken as a whole, from the amounts disclosed in the New Gold Public Disclosure Documents, except as a result of production in the normal course.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">19.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Environmental</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All operations of the Offeror and its subsidiaries are in material compliance with all applicable Law relating to the protection of the environment, employee occupational health or safety, closure or other reclamation obligations or the use, storage, handling, release, disposal, remediation or transportation of pollutants, contaminants, waste or hazardous or toxic materials (collectively, "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Environmental Laws</font>"), except where the failure to be in compliance would not, individually or in the aggregate, have a Material Adverse Effect in respect of the Offeror.&#160;&#160;Neither the Offeror nor any of its subsidiaries is aware of, or is subject to:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any material proceeding, application, order or directive which relates to environmental, health or safety or closure or other reclamation matters, and which may require any material work, repairs, construction, reclamation, remediation or expenditures; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any written regulatory demand or notice, with respect to a material breach of any Environmental Laws applicable to the Offeror or any of its subsidiaries, including any regulations respecting the use, storage, treatment, transportation, or disposition of any pollutants, contaminant, waste of any nature, hazardous material, toxic substance, dangerous substance or dangerous good as defined in any applicable Environmental Laws,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">which would, individually or in the aggregate, have a Material Adverse Effect in respect of the Offeror.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SCHEDULE D</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES OF THE COMPANY</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Organization and Qualification</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company is validly existing as a corporation under the Law of the Province of British Columbia and has the requisite corporate power and authority to own its assets and conduct its business as now owned and conducted.&#160;&#160;The Company is duly qualified to carry on business, and is in good standing, in each jurisdiction in which the character of its properties, owned or leased, or the nature of its activities makes such qualification necessary, except where the failure to be so qualified would not, individually or in the aggregate, have a Material Adverse Effect in respect of the Company.&#160;&#160;Copies of the Articles of the Company dated June 15, 2005 and the Notice of Articles of the Company dated June 29, 2010 (collectively, the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company Governing Documents</font>") heretofore delivered to the Offeror are accurate and complete as of the date hereof and have not been amended or superseded, and the Company has not taken any action to amend or supersede such documents.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Subsidiaries and Joint Ventures</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Except for the Company Subsidiary, the Company does not have any interest in any person, company, partnership, joint venture or other business organization.&#160;&#160;The Company Subsidiary is duly organized and validly existing under the Law of its jurisdiction of incorporation, has the corporate power and authority to own its assets and conduct its business as currently owned and conducted by it and is qualified to carry on business in each jurisdiction in which the character of its properties or the nature of its activities makes such qualification necessary, except where the failure to be so qualified would not, individually or in the aggregate, have a Material Adverse Effect in respect of the Company.&#160;&#160;The Company's ownership interest in the Company Subsidiary is set out in the Disclosure Letter, including the authorized, issued and outstanding capital and the ownership of all securities of the Company Subsidiary. All of the outstanding shares of the Company Subsidiary are validly issued, fully-paid and non-assessable and all such shares or interests, as the case may be, are owned free and clear of all liens, claims or Encumbrances.&#160;&#160;The Company has no interest in any entity that may be characterized as a joint venture.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Compliance with Laws and Licences</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Each of the Company and the Company Subsidiary has complied with and is in compliance with all Laws applicable to the operation of their respective businesses and, except where failure to so comply would not, individually or in the aggregate, have a Material Adverse Effect in respect of the Company, each of them has all licences, permits, orders or approvals of, and has made all required registrations with, any governmental or regulatory body that is required in connection with the ownership of their respective assets or the conduct of their respective operations and each of the Company and the Company Subsidiary has fully complied with and is in compliance with all such licences, permits, orders, approvals and registrations, except where failure to so comply would not, individually or in the aggregate, have a Material Adverse Effect in respect of the Company.&#160;&#160;Neither of the Company nor the Company Subsidiary has received any notice, whether written or oral, of revocation or non-renewal of any such</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">2</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">licences, permits, orders, approvals or registrations, or of any intention of any government or regulatory authority to revoke or refuse to renew any of such licences, permits, orders, approvals or registrations, and to the best of the knowledge of the Company and the Company Subsidiary, all such licences, permits, orders, approvals and registrations shall continue to be effective and any required renewals thereof shall be available in order for the Company and the Company Subsidiary to continue to conduct their respective businesses as they are currently being conducted and in accordance with the existing plans of the Company and the Company Subsidiary, except that neither of the Company nor the Company Subsidiary has applied for any mining licence under applicable Law.&#160;&#160;Neither of the Company nor the Company Subsidiary is in conflict with, or in default (including cross defaults) under or in violation of, (a) its articles or by-laws or equivalent organizational documents, or (b) any agreement or understanding to which it or by which any of its properties is bound or affected, except for any conflict, default or breach, which would not, individually or in the aggregate, have a Material Adverse Effect in respect of the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Capitalization</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The authorized equity capital of the Company consists of an unlimited number of Company Shares.&#160;&#160;As at the date hereof, 100,395,804 Company Shares (and no other shares) are issued and outstanding and all such shares are fully-paid and non-assessable shares.&#160;&#160;In addition, as of the date hereof, there are outstanding 9,835,968 Options and 100,000 Warrants providing for the issuance of an aggregate of 9,935,968 Company Shares upon the exercise thereof, the details of which are set out in the Disclosure Letter (all of which Options were issued under the Option Plans).&#160;&#160;Except as described in the immediately preceding sentence and in the Disclosure Letter, there are no options, warrants, conversion privileges, calls or other rights, agreements, arrangements, commitments or obligations of the Company or the Company Subsidiary to issue or sell any shares of any capital stock of the Company or the Company Subsidiary or securities or obligations of any kind convertible into or exchangeable for any shares or other securities of the Company or the Company Subsidiary or any other person, nor are there outstanding any stock appreciation rights, phantom equity or similar rights, agreements, arrangements or commitments based upon the book value, income or any other attribute of the Company or the Company Subsidiary.&#160;&#160;The holders of outstanding Company Shares are not entitled to pre-emptive or other similar rights.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Authority Relative to this Agreement</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company has the requisite corporate power and authority to enter into this Agreement and to perform its obligations hereunder.&#160;&#160;The execution and delivery of this Agreement by the Company and the consummation by the Company of the transactions contemplated by this Agreement have been duly authorized by the Board and no other corporate proceedings on the part of the Company are necessary to authorize this Agreement and the performance by the Company of its obligations hereunder, other than the approval of the Directors' Circular by the Board.&#160;&#160;This Agreement has been duly executed and delivered by the Company and constitutes a legal, valid and binding obligation of the Company, enforceable by the Offeror against the Company in accordance with its terms, subject, however, to limitations with respect to enforcement imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that equitable remedies such as specific performance and</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">3</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">injunction are in the discretion of the court from which they are sought.&#160;&#160;The execution and delivery by the Company of this Agreement and performance by it of its obligations hereunder and the completion of the Offer and the consummation of the transactions contemplated hereby will not:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">violate, conflict with or result in a breach of any provision of:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Company Governing Documents or the constating documents or by-laws of the Company Subsidiary;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any agreement, contract, indenture, deed of trust, mortgage, bond, note, instrument, licence, franchise, grant or permit to which the Company or the Company Subsidiary is bound; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any applicable Law to which the Company or the Company Subsidiary is subject or by which the Company or the Company Subsidiary is bound, except for any violation, conflict or breach which would not, individually or in the aggregate, have a Material Adverse Effect in respect of the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">give rise to any right of termination, or acceleration of indebtedness, or cause any indebtedness to come due before its stated maturity, under any indenture, deed of trust, mortgage, bond, instrument, licence, permit or material agreement to which the Company or the Company Subsidiary is bound; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">other than as set out in the Disclosure Letter, give rise to any rights of first refusal or change in control payment or similar obligation or any restriction or limitation under any such agreement, contract, indenture, deed of trust, mortgage, bond, note, instrument, licence, franchise, grant or permit, or result in the imposition of any encumbrance, charge or lien upon any of the Company's assets or the assets of the Company Subsidiary.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Other than in connection with the rules of the TSX, no authorization, consent or approval of, or filing with, any Regulatory Authority is necessary under applicable Law for the consummation by the Company of its obligations under this Agreement.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Material Agreements</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Except as referred to in the Disclosure Letter or Company Public Documents, there are no agreements material to the conduct of the business of the Company or the Company Subsidiary and the Company has made available to the Offeror for inspection true and complete copies of all such agreements.&#160;&#160;All such agreements are in full force and effect, and each of the Company and the Company Subsidiary that is party thereto is entitled to all rights and benefits thereunder in accordance with the terms thereof.&#160;&#160;The Company and the Company Subsidiary have complied with all terms of such agreements, have paid all amounts due thereunder, have not waived any rights thereunder and no default or breach exists in respect thereof on the part of the Company or the Company Subsidiary.&#160;&#160;No approval or consent of any person is needed in order</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">4</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">that such agreements continue in full force and effect following consummation of the transactions contemplated hereby.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">7.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Shareholder and Similar Agreements</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Other than the Shareholder Rights Plan, neither the Company nor the Company Subsidiary is party to any (a) shareholder, pooling, voting trust or other agreements relating to the issued and outstanding shares of the Company or the Company Subsidiary and neither the Company nor the Company Subsidiary are aware of any such shareholder, pooling, voting trust or other agreements, or (b) written agreements or understanding with any director or officer of the Company or the Company Subsidiary or, to the knowledge of the Company or the Company Subsidiary, oral agreements or understandings with such individuals.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">8.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Filings</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company is a reporting issuer in all provinces of Canada other than Quebec (and in no other jurisdiction in Canada).&#160;&#160;The Company is not subject to reporting requirements under the Exchange Act or of any jurisdiction outside Canada and the United States.&#160;&#160;The Company is not in default in the performance any of any of its obligations under legislation of such provinces and is in compliance with the applicable rules and regulations of the TSX.&#160;&#160;The Company has not filed any confidential material change reports that remain confidential.&#160;&#160;The Company has filed all technical reports as required under National Instrument 43-101 and, as a result of disclosure that the Company has made as of the date hereof, is not and will not be required to file any further technical reports under such instrument.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Documents or information filed by the Company under applicable Law, including the Company's (i) annual information form dated March 20, 2013 for the year ended December 31, 2012; (ii) management information circular dated April 19, 2013 in respect of the annual and special meeting of shareholders to be held May 28, 2013; (iii) audited consolidated financial statements for the year ended December 31, 2012 and the related management discussion and analysis (iv) interim unaudited condensed consolidated financial statements for the three months ended March 31, 2013 and the related management discussion and analysis; (v) the Technical Report and (vi) any material change reports that have been filed by the Company between December 31, 2012 and the date hereof are, and (vii) any such documents or information filed by the Company after the date hereof and before the Effective Time will be (collectively items (i) through (vii) above, the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company Public Documents</font>"), as of their respective dates, in compliance with applicable Law and do not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading as of the respective dates.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">9.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Books and Records</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The books, records and accounts of the Company and the Company Subsidiary: (i) have been maintained in accordance with good business practices on a basis consistent with prior years; (ii) are stated in reasonable detail and accurately and fairly reflect the transactions and dispositions of the assets of the Company and the Company Subsidiary; and (iii) accurately</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">5</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and fairly reflect the basis for the consolidated financial statements of the Company.&#160;&#160;The Company has devised and maintains a system of internal accounting controls sufficient to provide reasonable assurances that (i) transactions are executed in accordance with management's general or specific authorization; and (ii) transactions are recorded as necessary (A) to permit preparation of financial statements in conformity with IFRS and (B) to maintain accountability for assets and liabilities.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">10.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Financial Statements</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The audited consolidated balance sheets and related consolidated statements of loss, comprehensive loss, changes in shareholders' equity and cash flows of the Company as at and for the financial year ended December 31, 2012 and the unaudited condensed consolidated balance sheet and related consolidated statements of loss, comprehensive loss, changes in shareholders' equity and cash flows of the Company as at and for the three months ended March 31, 2013 and 2012 contained in the Company Public Documents were prepared in accordance with IFRS consistently applied and fairly present the consolidated financial condition of the Company at the respective dates indicated and the results of operation of the Company (on a consolidated basis) for the periods covered thereby.&#160;&#160;Such statements present fairly the consolidated financial condition and results of operations of the Company as of the respective dates thereof and for the respective periods covered thereby applied on a basis consistent with the immediately prior period and throughout the periods indicated (except as may be indicated expressly in the notes thereto).&#160;&#160;Such financial statements reflect appropriate and adequate reserves in respect of contingent liabilities, if any, of the Company and the Company Subsidiary on a consolidated basis.&#160;&#160;Since December 31, 2012, the Company has not effected any change in its accounting methods, principles or practices, except as otherwise set out in the Company's financial statements, including the notes thereto.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">11.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Undisclosed Liabilities</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Except for severance obligations contingent upon a change of control of the Company or any retention payment obligations as described in the Disclosure Letter, none of the Company or the Company Subsidiary has any liabilities or obligations of any nature required to be set forth in a consolidated balance sheet or in the notes to the consolidated financial statements of the Company and the Company Subsidiary under IFRS whether or not accrued, absolute, contingent, determined, determinable or otherwise, that are not so set forth and, except as described in the Disclosure Letter, there is no existing condition, situation or set of circumstances that could be expected to result in such a liability or obligation, except liabilities or obligations which would not, individually or in the aggregate, have a Material Adverse Effect in respect of the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">12.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Interest in Properties</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Except as set out in the Disclosure Letter, each of the Company and the Company Subsidiary owns, possesses or has obtained, and is in compliance with, all licences, permits, certificates, orders, grants and other authorizations of or from any Regulatory Authority necessary to conduct its businesses relating to its properties as currently contemplated by it.&#160;&#160;Each of the Company and the Company Subsidiary has valid and sufficient right, title and</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">6</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">interest, free and clear of any title defect or Encumbrance: (i) to its permits, concessions, claims, leases, licences, permits or other rights to explore for minerals on its properties (other than property to which it is lessee, in which case it has a valid leasehold interest), all of which have been accurately and completely set out in the Disclosure Letter, subject to such permits and licences being renewed and updated on an ongoing basis in accordance with their terms and, in each case, as are necessary to perform the operation of their respective businesses as presently owned and conducted; (ii) to its real property interests, free and clear of any title defect or Encumbrance, including fee simple estate of and in real property, licences (from landowners and authorities permitting the use of land by the Company or the Company Subsidiary, as the case may be), leases, rights of way, occupancy rights, surface rights, easements or other real property interests, all of which have been identified in the Disclosure Letter, and, in each case, as are necessary to perform the operation of their respective businesses as presently owned and conducted; or (iii) to, or is entitled to the benefits of, all of its properties and assets (real and personal, tangible and intangible, including leasehold interests) including all the properties and assets reflected in the balance sheet forming part of the Company Public Documents (collectively, the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company Properties</font>"), except as indicated in the notes thereto or the Disclosure Letter, together with all additions thereto and less all dispositions thereof in the ordinary course of business consistent with past practice, and such properties and assets are not subject to any Encumbrance or defect in title of any kind except as is reflected in the balance sheets forming part of such financial statements and in the notes thereto, except where the failure to have such title, or the existence of such Encumbrance or defects in title, individually or in the aggregate, does not constitute a Material Adverse Effect in respect of the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Except as set out in the Disclosure Letter, (i) the Company or the Company Subsidiary has the exclusive right to deal with the Company Properties; (ii) no person other than the Company or the Company Subsidiary has any interest in the Company Properties or any right to acquire any such interest; (iii) there are no earn-in rights, rights of first refusal, royalty rights or similar provisions which would affect the Company's or the Company Subsidiary's interests in the Company Properties; (iv) neither the Company nor the Company Subsidiary has received any notice, whether written or oral, from any Regulatory Authority or any person with jurisdiction or applicable authority of any revocation or intention to revoke its interest in the Company Properties; and (v) the Company Properties are in good standing under applicable Law and all work required to be performed has been performed and all taxes, fees, expenditures and other payments in respect thereof have been paid or incurred and all filings in respect thereof have been made.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;There are no adverse claims, actions, suits or proceedings that have been commenced or, to the knowledge of the Company, that are pending or threatened, affecting or which could affect the title to or right to explore or develop the Company Properties, including the title to or ownership by the Company or the Company Subsidiary of any of the foregoing, which might involve the possibility of any judgement or liability affecting the Company Properties.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;None of the directors or officers of the Company or the Company Subsidiary holds any interest in, nor has taken any action to obtain, directly or indirectly, any permit, concession, claim, lease, licence or other rights to explore for, exploit, develop, mine or produce</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">7</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">minerals and any other properties located within 20 kilometres of any of the Company Properties.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">13.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Absence of Certain Changes or Events</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Except as set out in the Company Public Documents, since December 31, 2012: (a) the Company and the Company Subsidiary have conducted their respective businesses only in the usual, ordinary and regular course and consistent with past practice; (b) no liability or obligation of any nature (whether absolute, accrued, contingent or otherwise) which has had or is reasonably likely to have a Material Adverse Effect in respect of the Company, has been incurred; (c) there has not been any acquisition or sale by the Company or the Company Subsidiary of any interest in any property or assets; (d) the Company has not declared or paid any dividends or made any other distributions on any of the Company Shares; (e) the Company has not effected or passed any resolution to approve a split, consolidation or reclassification of any of the outstanding Company Shares; or (f) there has not been any event which has had or is reasonably likely to have a Material Adverse Effect in respect of the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">14.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">No Defaults</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Neither the Company nor the Company Subsidiary 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, any contract or agreement to which it is a party which would, if terminated due to such default, individually or in the aggregate, have a Material Adverse Effect in respect of the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">15.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Severance, Retention and Employment Agreements</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Except as set out in the Disclosure Letter, none of the Company or the Company Subsidiary has entered into any written or oral agreement or understanding providing for severance, termination, retention or other payments to any director, officer, employee or consultant in connection with the termination of his or her position or his or her employment following a change in control of the Company or on a change in control of the Company.&#160;&#160;The details of all such payment requirements, including the amounts and a description of the circumstances in which they must be paid, have been previously provided to the Offeror.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Neither the Company nor the Company Subsidiary is a party to any collective bargaining agreement or subject to any application for certification or threatened or apparent union organizing campaigns for employees not covered under a collective bargaining agreement nor are there any current pending or threatened strikes or lock-outs at the Company or the Company Subsidiary.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Neither the Company nor the Company Subsidiary is subject to any claim for wrongful dismissal, constructive dismissal or any other tort claim, actual or, to the knowledge of the Company, threatened, or any litigation, actual or, to the knowledge of the Company, threatened, relating to employment or termination of employment of employees, consultants or independent contractors.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">8</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each of the Company and the Company Subsidiary has operated in accordance with all applicable Law with respect to employment and labour, including employment and labour standards, occupational health and safety, employment equity, pay equity, workers' compensation, human rights and labour relations and there are no current, pending or, to the knowledge of the Company, threatened proceedings before any board or tribunal with respect to any of the areas listed herein.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Disclosure Letter sets out a complete and accurate list of the names of all individuals who are full-time or part-time employees or individuals engaged on contract to provide employment services or sales or other agents or representatives of the Company or the Company Subsidiary ("<font style="DISPLAY: inline; FONT-WEIGHT: bold">Employees</font>"). Such list includes all Employees as at the date hereof including any on lay-off or leave of absence, who have been absent continually from work for a period in excess of one month.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;All individuals providing services to the Company as independent contractor or consultant, whether or not through personal services corporations, have been properly characterized as independent contractors such that there are no employment-related liabilities, including without limitation liability with respect to income tax withholding, Employment Insurance and Canada Pension Plan remittances and premiums, associated with their provision of services.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Except as set out in the Disclosure Letter, neither the Company nor the Company Subsidiary has made any commitment to provide, or any representation in respect of, any general increase in the compensation of any Employees (including any increase pursuant to a Benefit Plan) or any increase in any such compensation or bonus payable to any Employee, or to make any loan to, or to engage in any transaction with, any Employee, except in the usual, ordinary and regular course of business and consistent with past practice.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(h)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;All accruals for unpaid vacation pay, premiums for employment insurance, health premiums, Canadian Pension Plan premiums, accrued wages, salaries and commissions, severance pay and employee benefit plan payments have been reflected in the books and records of the Company. Neither the Company nor the Company Subsidiary has any liabilities or any obligations whatsoever in respect of any retired or former Employee.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">16.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Pension and Employee Benefits</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each of the Company and the Company Subsidiary has complied with all the terms of, and all applicable Law in respect of, employee compensation and benefit obligations of the Company or the Company Subsidiary, as the case may be.&#160;&#160;Other than the Option Plans, the Employee Share Purchase Plan and the Company&#8217;s group benefits plan dated January 21, 2011, either the Company nor the Company Subsidiary has any pension or retirement income plans or other employee compensation or benefit plans, agreements, policies, programs, arrangements or practices, whether written or oral, which are maintained by or binding upon the Company or the Company Subsidiary.&#160;&#160;The Company is in compliance with the terms of each of the Option Plans, the Employee Share Purchase Plan, the Company&#8217;s group benefits plan and all applicable Law related thereto.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">9</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Neither the Company nor the Company Subsidiary has any stock option plan or similar arrangement other than the Option Plans and the Employee Share Purchase Plan.&#160;&#160;The Disclosure Letter sets forth a complete, up-to-date and accurate list of all Optionholders under each of the Option Plans, together with the number of Options granted, the exercise price, vesting provisions and the expiry date thereof. There will not be, as of the Expiry Time, any outstanding obligations owing to any Employee in any respect under the Employee Share Purchase Plan.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">17.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Litigation, Etc.</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Except as disclosed in the Disclosure Letter, there is no claim, action, proceeding or investigation pending or, to the knowledge of the Company, threatened against or relating to the Company or the Company Subsidiary or affecting any of their properties or assets before or by any court or governmental or regulatory authority or body which, if adversely determined, is likely to have a Material Adverse Effect in respect of the Company or prevent or delay consummation of the transactions contemplated by this Agreement, nor is the Company aware of any basis for any such claim, action, proceeding or investigation.&#160;&#160;Neither the Company nor the Company Subsidiary is subject to any outstanding order, writ, injunction or decree which has had or is reasonably likely to have a Material Adverse Effect in respect of the Company or prevent or delay consummation of the transactions contemplated by this Agreement.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">18.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Environmental</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All operations of the Company and the Company Subsidiary have been, and are now, in compliance with all applicable Law relating to the protection of the environment, employee occupational health or safety, closure or other reclamation obligations or the use, storage, handling, release, disposal, remediation or transportation of pollutants, contaminants, waste or hazardous or toxic materials (collectively, "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Environmental Laws</font>"), except where the failure to be in compliance would not, individually or in the aggregate, have a Material Adverse Effect in respect of the Company.&#160;&#160;Neither the Company, nor the Company Subsidiary is aware of, or is subject to:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any proceeding, application, order or directive which relates to environmental, health or safety or closure or other reclamation matters, and which may require any work, repairs, construction, reclamation, remediation or expenditures; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any written demand or notice, with respect to the breach of any Environmental Laws applicable to the Company or the Company Subsidiary, including any regulations respecting the use, storage, treatment, transportation, or disposition of any pollutants, contaminant, waste of any nature, hazardous material, toxic substance, dangerous substance or dangerous good as defined in any applicable Environmental Laws,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">which would, individually or in the aggregate, have a Material Adverse Effect in respect of the Company.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">10</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">19.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Taxes</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company and the Company Subsidiary have timely filed, or caused to be filed, all Tax Returns required to be filed by them (all of which returns are correct and complete) and have paid, collected, withheld or remitted, or caused to be paid, collected, withheld or remitted, all Taxes that are due and payable (including all instalments on account of Taxes for the current year, that are due and payable by the Company or the Company Subsidiary whether or not assessed (or reassessed) by the appropriate governmental entity), and the Company has provided adequate accruals in accordance with IFRS in its most recently published consolidated financial statements 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. Since the publication date of such financial statements, no Tax liability not reflected in such statements or otherwise provided for has been assessed, proposed to be assessed, incurred or accrued other than in the ordinary course of business.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;There are no proceedings, investigations, audits or Claims now pending or threatened against the Company or the Company Subsidiary in respect of any Taxes and there are no matters under discussion, audit or appeal with any governmental entity relating to Taxes.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;There are no proposed (but unassessed) additional Taxes and none has been asserted in writing by the Canada Revenue Agency or any other taxing authority, including any sales tax authority, in connection with any of the Tax Returns referred to above. No Tax liens have been filed in respect of any of the assets or properties of the Company or the Company Subsidiary.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Neither the Company nor the Company Subsidiary is or has been a member of any consolidated group for Tax purposes.&#160;&#160;Neither the Company nor the Company Subsidiary is a party to or bound by any tax allocation or sharing agreement, tax indemnity obligation with respect to Taxes, other than any agreement or arrangement solely between the Company and the Company Subsidiary.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Neither the Company nor the Company Subsidiary has requested, or entered into any agreement or other arrangement, or executed any waiver providing for, any extension of time within which:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to file any Tax Return (which has not since been filed) in respect of any Taxes for which either of the Company or the Company Subsidiary is or may be liable;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to file any elections, designations or similar filings relating to Taxes (which have not since been filed) for which either of the Company or the Company Subsidiary is or may be liable;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">either of the Company or the Company Subsidiary is required to pay or remit any Taxes or amounts on account of Taxes (which have not since been paid or remitted); or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">11</font></font></div>
</div>
</div>

<br>
<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any governmental authority may assess or collect Taxes for which any of the Company or the Company Subsidiary is liable.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Neither the Company nor the Company Subsidiary will be required to include any item of income in, or exclude any item of deduction from, taxable income for any taxable period (or portion thereof) ending after the Expiry Time as a result of any:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">change in method of accounting for a taxable period ending on or prior to the Expiry Time;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">"closing agreement" as described in Code section 7121 executed on or prior to the Expiry Time;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">intercompany transactions or excess loss account described in Treasury Regulations under Code section 1502;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">instalment sale or open transaction disposition made on or prior to the Expiry Time; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(v)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">prepaid amount received on or prior to the Expiry Time.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each of the Company and the Company Subsidiary has duly and timely deducted, collected or withheld from any amount paid or credited by it to or for the account or benefit of any person and has duly and timely remitted the same (or is properly holding for such remittance) to the appropriate governmental authority all income taxes, employment insurance premiums, pension plan contributions, employer health tax remittances, sales taxes, use taxes, goods and services taxes, non-resident withholding taxes and other Taxes and amounts it is required by applicable Law to so deduct, or collect or withhold and remit.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(h)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Neither the Company nor the Company Subsidiary has acquired property or services from, or disposed of property or provided services to, any person with whom it does not deal at arm's length for an amount that varies from the fair market value of such property or services.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;For all transactions between the Company or the Company Subsidiary and any person who is not resident in Canada for purposes of the Tax Act with whom the Company or the Company Subsidiary, as the case may be, was not dealing at arm's length for purposes of the Tax Act, the Company or the Company Subsidiary, as the case may be, has made or obtained records or documents that meet the requirements of paragraphs 247(4)(a) to (c) of the Tax Act.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(j)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;No circumstances exist or could reasonably be expected to arise as a result of matters existing before the Expiry Time that may result in the Company or the Company Subsidiary being subject to the application of section 159 or 160 of the Tax Act or comparable provisions of any other legislation or otherwise cause the Company or the Company Subsidiary to be liable for Taxes of any other person.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">12</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(k)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The balance in the "low rate income pool" (as defined in subsection 89(1) of the Tax Act) of the Company for the purposes of the Tax Act is, and will be as of the Expiry Time, nil.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(l)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;None of sections 78 or 80 to 80.04 of the Tax Act have applied to the Company or the Company Subsidiary, and there are no circumstances existing which could reasonably be expected to result in the application of sections 78 or 80 to 80.04 of the Tax Act to the Company or the Company Subsidiary.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(m)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;No claim has ever been made by any governmental authority in a jurisdiction where the Company or the Company Subsidiary do not file Tax Returns that the Company or the Company Subsidiary is or may be subject to Taxes or is required to file Tax Returns in that jurisdiction.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(n)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Any corporate reorganizations of the Company or the Company Subsidiary have been completed in accordance with applicable Tax requirements, including the filing of all necessary documents, and no Tax liabilities are pending in relation to any such corporate reorganizations.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(o)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company has satisfied all of its obligations in respect of its issuance of any "flow-through shares" (as defined in subsection 66(15) of the Tax Act) and has no outstanding liabilities, contingent, or otherwise, in respect of any such share issuances.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(p)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;There are no rulings or closing agreements relating to the Company or the Company Subsidiary which could affect the Company's or the Company Subsidiary's liability for Taxes for any taxable period after the Expiry Time.&#160;&#160;Neither the Company nor the Company Subsidiary has requested a private letter ruling from the United States Internal Revenue Service or comparable rulings from other taxing authorities.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(q)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Neither the Company nor the Company Subsidiary has any contractual liability for Taxes of any person other than the Company and the Company Subsidiary under Treasury Regulations section 1.1502-6 (or any similar provision of state, local or foreign Law), as a successor or transferee or otherwise.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(r)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Neither the Company nor the Company Subsidiary has participated in a "listed transaction" within the meaning of Treasury Regulations section 1.6011-4(b)(2) or in any other "reportable transaction" within the meaning of U.S. Treasury Regulation section 1.6011-4(b)(1) that has not been properly reported on IRS Form&#160;8886.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(s)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;During the last three years, neither the Company nor the Company Subsidiary has been a party to any transaction (other than a transaction described in section 355(e)(2)(C) of the Code) treated by the parties thereto as one to which section 355 of the Code (or any similar provision of state, local, or foreign Law) applied.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(t)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;There are no Tax credits, grants or similar amounts that are or will be subject to "clawback" or recapture as a result of the transactions contemplated by this Agreement or an act (or failure to act) by the Company or the Company Subsidiary to satisfy any requirement on which the credit, grant or similar amount is or was conditioned.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">13</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(u)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;None of the assets of the Company or the Company Subsidiary is "tax-exempt use property" within the meaning of section 168(h) of the Code and none of the property of the Company or the Company Subsidiary is properly treated as owned by persons other than the Company or the Company Subsidiary for Tax purposes.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(v)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company and the Company Subsidiary is not, and all times during the five-year period ending at the Expiry Time was not, a "United States real property holding corporation," as such term is defined in section 897(c) of the Code.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(w)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;As a direct result of the transactions contemplated by this Agreement, no payment or other benefit, and no acceleration of the vesting of any options, payments or other benefits, will be (or under section 280G of the Code and the Treasury Regulations thereunder be presumed to be) a "parachute payment" to a "disqualified individual" as those terms are defined in such provisions of the Code and regulations, without regard to whether such payment or acceleration is reasonable compensation for personal services performed or to be performed in the future.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(x)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Neither the Company nor the Company Subsidiary has made or is obligated to make any payment that would not be deductible pursuant to section 162(m) of the Code.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(y)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each arrangement or plan relating to any employee or service provider of the Company or the Company Subsidiary that is subject to section 409A of the Code has been operated in good faith compliance with section 409A of the Code.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(z)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Neither the Company nor the Company Subsidiary has taken a reporting position on a Tax Return, which reporting position (i) if not sustained would give rise to a penalty for substantial understatement of U.S. federal income tax under section 6662 of the Code (or any similar provision of state, provincial, local or foreign tax law), and (ii) has not adequately been disclosed on such Tax Return in accordance with section 6662(d)(2)(B) of the Code (or any similar provision of state, provincial, local or foreign tax law).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(aa)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Neither the Company nor any Non-U.S. Company Subsidiary has ever engaged in a "trade or business" in the United States as that term is defined in section 864 of the Code through a permanent establishment in the United States, and neither has conducted any activity in a state or local taxing jurisdiction in the United States that would result in the imposition of any state or local Tax on the Company or such Non-U.S. Company Subsidiary.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">20.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">No Insolvency</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">No act or proceeding has been taken by or against the Company or the Company Subsidiary in connection with the dissolution, liquidation, winding up, bankruptcy or reorganization of the Company or the Company Subsidiary, or the appointment of a trustee, receiver, manager or other administrator of the Company or the Company Subsidiary or any of their respective properties or assets nor, to the knowledge of the Company, is any threatened.&#160;&#160;Neither the Company nor the Company Subsidiary has sought protection under the <font style="FONT-STYLE: italic; DISPLAY: inline">Bankruptcy and</font> <font style="FONT-STYLE: italic; DISPLAY: inline">Insolvency Act</font> (Canada) or the <font style="FONT-STYLE: italic; DISPLAY: inline">Company Creditors Arrangement Act </font>(Canada) or similar legislation in other Canadian and foreign jurisdictions. Neither the Company nor the Company Subsidiary nor any of their respective properties or assets is subject to any outstanding judgment,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">14</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">order, writ, injunction or decree that involves or may involve, or restricts or may restrict, the right or ability of the Company or the Company Subsidiary to conduct its business as it has been carried on prior to the date hereof, or that would or could impede the completion of the Offer or other transactions contemplated by this Agreement, except to the extent any such matter would not have a Material Adverse Effect in respect of the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">21.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Fairness Opinions</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company has received an oral opinion from each of the Fairness Opinion Provider and the Financial Advisor that the Offer is fair from a financial point of view to the Shareholders and the Fairness Opinion Provider shall provide its written Fairness Opinion for inclusion in the Directors' Circular.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">22.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Intellectual Property</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Neither the Company nor the Company Subsidiary owns or possesses any intellectual property rights including any patents, copyrights, trade secrets, trademarks, service marks or trade names.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">23.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Insurance</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Policies of insurance in force as of the date hereof naming the Company or the Company Subsidiary as an insured adequately cover all risks reasonably and prudently foreseeable in the operation and conduct of the business of the Company and the Company Subsidiary for which, having regard to the nature of such risk and the relative cost of obtaining insurance, it is in the opinion of the Company, acting reasonably, prudent to seek such insurance rather than provide for self-insurance.&#160;&#160;All such policies of insurance shall remain in full force and effect and shall not be cancelled or otherwise terminated as a result of the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">24.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Guarantees</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Neither the Company nor the Company Subsidiary has given or agreed to give, nor is it a party to or bound by, any guarantee of indebtedness, indemnity or suretyship of other obligations of any person (collectively, "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Guarantees</font>"), nor is either of them contingently responsible for any such indemnity or suretyship or obligations other than any Guarantees which, if enforced in accordance with their terms, would not individually or in the aggregate, have a Material Adverse Effect in respect of the Company, and performance or completion bonds delivered in the usual, ordinary and regular course which, individually or in the aggregate, do not exceed $50,000.&#160;&#160;No Claims have been made, and, to the knowledge of the Company or the Company Subsidiary, are threatened, under or in respect of any Guarantee of, or delivered by, the Company or the Company Subsidiary, except for such Claims which, individually or in the aggregate, do not exceed $50,000.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">25.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Business</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The business of the Company and the Company Subsidiary consists solely of mineral exploration and development and all activities related thereto and neither the Company nor the Company Subsidiary is engaged in any other business.&#160;&#160;There is no agreement, judgment,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">15</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">injunction, order or decree binding upon the Company or the Company Subsidiary that has, or could reasonably be expected to have, the effect of prohibiting, restricting or impairing any business practice of the Company or the Company Subsidiary, as the case may be, any acquisition of property by the Company or the Company Subsidiary, as the case may be, or the conduct of business by the Company or the Company Subsidiary, as the case may be, as currently conducted.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">26.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Full Disclosure</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All information provided to the Offeror and its Representatives in relation to its and their due diligence requests was accurate in all material respects as at its respective date as stated therein or, if any such information is undated, the date it was delivered to the Offeror or its Representatives, and no material facts have been omitted from such information which would make such information misleading, except to the extent, in each such case, subsequent information has been provided to the Offeror prior to the date of this Agreement, which has corrected any inaccuracy contained in the original information.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">27.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Change of Control</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Except as set out in the Disclosure Letter, neither the Company nor the Company Subsidiary is a party to any contract, agreement or understanding or any series of contracts, agreements or understandings which could reasonably be expected to have an adverse financial impact on the Company and the Company Subsidiary taken as a whole and which contain a "change of control" or similar provision.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">28.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Assets and Sales</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The principal offices of the Company are not located in the United States. The Company, including all entities "controlled" by the Company for purposes of the United States Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, does not hold assets located in the United States with a fair market value in excess of U.S.$70.9 million in the aggregate and, during the 12 month period ended December 31, 2012, did not make sales in or into the United States in excess of U.S.$70.9 million in the aggregate.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">29.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">United States Securities Laws</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company is a "foreign private issuer" within the meaning of Rule 3b-4 under the Exchange Act.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;No securities of the Company are registered or required to be registered under Section 12 of the Exchange Act, and the Company is not required to file reports under Section 13 or Section 15(d) of the Exchange Act;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company is not registered, and is not required to be registered, as an "investment company" under the United States Investment Company Act of 1940, as amended.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%">&#160;</div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">16</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">30.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Mineral Resources and Mineral Reserves</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The most recent estimated measured, indicated and inferred mineral resources and proven and probable mineral reserves disclosed in the Company Public Documents have been prepared and disclosed in accordance with accepted engineering practices and applicable Law, including, without limitation, NI 43-101.&#160;&#160;There has been no reduction in the aggregate amount of estimated mineral resources, mineral reserves or mineralized material of the Company or the Company Subsidiary, taken as a whole, from the amounts disclosed in the Company Public Documents.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">31.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="DISPLAY: inline; TEXT-DECORATION: underline">Related Party Transactions</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Neither the Company nor the Company Subsidiary is indebted to any director, officer, employee or agent of, or independent contractor to, the Company or the Company Subsidiary or any of their respective Affiliates or Associates (except for amounts due as normal fees and bonuses and in reimbursement of ordinary expenses).&#160;&#160;As of the date hereof, no director, officer, employee or agent of the Company or the Company Subsidiary or any of their respective Affiliates or Associates is a party to any loan, contract, arrangement or understanding or other transactions with the Company or the Company Subsidiary required to be disclosed pursuant to applicable securities Law.&#160;&#160;Except as described in the Disclosure Letter, there are no contracts or other transactions between the Company or the Company Subsidiary, on the one hand, and any (i) officer or director of the Company or the Company Subsidiary, (ii) any holder of record or beneficial owner of 2% or more of any class of the voting or non-voting equity securities of the Company, or (iii) any Affiliate or Associate of any such officer, director or beneficial owner, on the other hand.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
<hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
</div>
</div>
</div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.2
<SEQUENCE>7
<FILENAME>a13-14720_1ex2d2.htm
<DESCRIPTION>EX-2.2
<TEXT>
<html>
<head>

    <!--Licensed to: New Gold Inc.-->
    <!--Document Created using EDGARizer 2020 5.4.5.0-->
    <!--Copyright 1995 - 2013 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
<hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
</div>

<div style="TEXT-ALIGN: right">Exhibit 2.2</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div><br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">LOCK-UP AGREEMENT</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">THIS AGREEMENT</font> made the 30th day of May, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">B E T W E E N:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">DALE PENIUK</font>, a businessman residing at, [Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(hereinafter called the "<font style="DISPLAY: inline; FONT-WEIGHT: bold"> Shareholder</font>"),</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- and -</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NEW GOLD INC.</font>, a corporation existing under the laws of the Province of British Columbia,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(hereinafter called the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offeror</font>").</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">WHEREAS</font> the Shareholder is the registered and/or direct or indirect beneficial owner of Company Shares (as hereinafter defined) and options to purchase Company Shares (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Options</font>") of Rainy River Resources Ltd.<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>(the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company</font>"), as more particularly described herein;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> the Offeror is concurrently herewith entering into an Acquisition Agreement (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Acquisition Agreement</font>") with the Company which provides for, among other things, the Offeror making a take-over bid (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offer</font>") to acquire all of the issued and outstanding Company Shares, including all Company Shares that may be issued under outstanding options, warrants or other rights to purchase Company Shares, for consideration per Company Share of, at the election of each of the holders of Company Shares, either (i) Cdn.$3.83 in cash, or (ii) 0.5 of a common share of the Offeror, subject to proration as provided in the Acquisition Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> this Agreement sets out the terms and conditions of the agreement of the Shareholder (i) to tender, or cause to be tendered, to the Offer all Company Shares, including any Company Shares issued pursuant to any Option or other convertible security of the Company, directly or indirectly beneficially owned, or over which control or <font style="BACKGROUND-COLOR: #ffffff; DISPLAY: inline">direction is directly or indirectly exercised, by the Shareholder at any time from the date hereof to and including the Expiry Time</font> (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Deposited Shares</font>"), and (ii) to abide by the restrictions and covenants set forth herein;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> the Offeror is relying on the covenants, representations and warranties of the Shareholder set forth in this Agreement in connection with the Offeror's execution and delivery of the Acquisition Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NOW THEREFORE</font> this Agreement witnesses that, in consideration of the premises and the covenants and agreements herein contained, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged by the parties, the parties hereto agree as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 2 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 1</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">INTERPRETATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All capitalized terms used but not otherwise defined herein shall have the respective meaning ascribed to them in the Acquisition Agreement. All references herein to the Acquisition Agreement or any portion thereof refer to the Acquisition Agreement as amended, modified, restated or waived.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In this Agreement, unless otherwise expressly stated or the context otherwise requires:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to "herein", "hereby", "hereunder", "hereof" and similar expressions are references to this Agreement and not to any particular Article, Section or clause of or Schedule to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to an "Article", a "Section", a "clause" or a "Schedule" are references to an Article, a Section or a clause of or a Schedule to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the use of headings is for convenience of reference only and shall not affect the construction or interpretation hereof;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">if the date on which any action is required to be taken hereunder by any of the parties is not a Business Day, such action shall be required to be taken on the next succeeding day that is a Business Day;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a period of Business Days is to be computed as beginning on the day following the event that began the period and ending at 4:30 p.m. (Toronto time) on the last day of the period if the period is a Business Day or at 4:30 p.m. (Toronto time) on the next Business Day if the last day of the period does not fall on a Business Day;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the terms "material" and "materially" shall, when used in this Agreement, be construed, measured or assessed on the basis of whether the matter would materially affect a party and its subsidiaries, taken as a whole; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">wherever the term "includes" or "including" is used, it shall be deemed to mean "includes, without limitation" or "including, without limitation", respectively.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">References to the "knowledge of the Shareholder" mean the actual knowledge or awareness, after due inquiry, of the Shareholder or, if applicable, any senior officer of the Shareholder, and includes the knowledge that such Shareholder or senior officer, as applicable, would have, assuming they made an enquiry that is reasonable in the circumstances of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 2</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">THE OFFER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Subject to Section 2.2, the Offeror hereby agrees and confirms to the Shareholder that the Offeror shall make the Offer, or cause the Offer to be made, in accordance with the terms and subject to the conditions set forth in the Acquisition Agreement and shall take up and pay for all Company Shares tendered under the Offer, including all Deposited Shares, as soon as reasonably possible and in any event not later than three (3)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;3 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Business Days following the time at which the Offeror becomes first entitled pursuant to applicable securities Law to take up such Company Shares in accordance with the terms and subject to the conditions of the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The obligation of the Offeror to make the Offer or cause the Offer to be made shall be subject to the conditions set forth in the Acquisition Agreement. The obligation of the Offeror under the Offer to take up and pay for Company Shares deposited to the Offer and not withdrawn shall not be subject to any conditions, save and except the conditions set out in Schedule A of the Acquisition Agreement. The Offeror may, in its sole discretion, modify or waive any term or condition of the Offer in accordance with the Acquisition Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 3</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CERTAIN COVENANTS OF THE SHAREHOLDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants and irrevocably agrees that it shall, from the date hereof until the earlier of (i) the termination of this Agreement pursuant to Article 7, and (ii) the Expiry Time, except in accordance with the terms of this Agreement:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not, directly or indirectly through any of its Representatives, (i) solicit, assist, initiate, knowingly encourage or facilitate (including by way of discussion, negotiation, furnishing information, permitting any visit to any facilities or properties of the Company or the Company Subsidiary, or entering into any form of written or oral agreement, arrangement or understanding) any inquiries, proposals or offers regarding, or that may reasonably be expected to lead to, any Acquisition Proposal, (ii) engage or participate in any discussions or negotiations regarding, or provide any information with respect to or otherwise cooperate with any person (other than the Offeror and its Representatives) regarding, any Acquisition Proposal or potential Acquisition Proposal, (iii) accept or enter into, or publicly propose to accept or enter into, any letter of intent, agreement in principle, agreement, arrangement or undertaking related to any Acquisition Proposal, (iv) provide any information relating to the Company to any person or group in connection with any Acquisition Proposal, or (v) otherwise co-operate in any way with any effort or attempt by any other person or group to do or seek to do any of the foregoing; provided, however, that nothing contained in this Section 3.1 or other provisions of this Agreement shall prevent the Shareholder, if a member of the board of directors of the Company or a senior officer of the Company, from engaging in discussions or negotiations with or furnishing information to, in the Shareholder's capacity as a director or senior officer of the Company, any person in response to an unsolicited <font style="FONT-STYLE: italic; DISPLAY: inline">bona fide</font> Acquisition Proposal made in writing to the board of directors of the Company by such person (which Acquisition Proposal did not result from a breach of this Agreement or the Acquisition Agreement) in circumstances where the Company is permitted by Section 6.3 of the Acquisition Agreement to engage in such discussions or negotiations or furnish such information;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">immediately cease and cause to be terminated all existing solicitation, discussion, negotiation, encouragement or activity, if any, with any person or group or any agent or representative of any person or group conducted before the date of this Agreement with respect to any Acquisition Proposal or any potential Acquisition Proposal;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;4 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">promptly (and in any event within 24 hours following receipt or knowledge) notify the Offeror of any proposal, inquiry, offer or request relating to, or of discussions or negotiations in respect of, an Acquisition Proposal or potential Acquisition Proposal or any proposal, inquiry, offer or request or discussions or negotiations that could reasonably lead or be expected to lead to an Acquisition Proposal of which the Shareholder becomes, directly or indirectly, aware. Such notification shall be made first orally and then in writing and shall include a description of the material terms and conditions together with a copy of all documentation relating to any such proposal, inquiry, offer or request or discussions or negotiations within the Shareholder's possession;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not option, sell, transfer, pledge, encumber, grant a security interest in, hypothecate or otherwise convey or enter into any forward sale, repurchase agreement or other monetization transaction with respect to any of the Deposited Shares, or any right or interest therein (legal or equitable), to or with any person or group or agree to do any of the foregoing;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not grant or agree to grant any proxy, power of attorney or other right to vote the Deposited Shares, or enter into any voting, voting trust, vote pooling or other agreement with respect to the right to vote, call meetings of securityholders or give consents or approval of any kind with respect to any of the Deposited Shares;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not requisition or join in any requisition of any meeting of securityholders of the Company without the prior written consent of the Offeror, or vote or cause to be voted any of the Deposited Shares in respect of any proposed action by the Company or its Shareholders or affiliates or any other person or group in a manner which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not do indirectly that which it may not do directly by the terms of this Article 3 or take any other action of any kind, directly or indirectly, which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants to exercise or surrender any Options held by the Shareholder prior to or as of the Expiry Time so that the Shareholder will hold no Options as of the Expiry Time, in accordance with the terms of the Acquisition Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 4</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">AGREEMENT TO TENDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants and agrees that if the Offeror makes the Offer in compliance with Article 2 and the Acquisition Agreement, the Shareholder shall, within 14 days of the mailing of the Offer Circular, irrevocably deposit or cause to be irrevocably deposited with the depositary under the Offer in acceptance of the Offer all of the Deposited Shares in accordance with the terms of the Offer, and thereafter the Shareholder shall not withdraw or take any action to withdraw any of the Deposited</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;5 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Shares deposited under the Offer (notwithstanding any statutory rights, rights under the terms of the Offer or rights which the Shareholder might otherwise have) except upon the termination of this Agreement in accordance with its terms. Subject to this Section 4.1, for greater certainty, in respect of Company Shares that are to be issued upon the exercise of Options, the Shareholder shall, within 14 days of the mailing of the Offer Circular, irrevocably direct the depositary under the Offer that, upon the issue of such Company Shares immediately before the Expiry Time of the Offer, such Company Shares are to be deposited to the Offer and it is understood and agreed that, upon such direction, such Company Shares will be treated as having been deposited in accordance with this Agreement.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For greater certainty, for the purposes of this Agreement, the term "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company Shares</font>" shall include all the common shares, including all the common shares issued under outstanding Options, of the Company and shall include all shares or other securities into or for which the Company Shares may be converted, exchanged or otherwise changed pursuant to any reorganization, merger, amalgamation or other transaction involving the Company prior to the acquisition of the Deposited Shares by the Offeror under the Offer.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If (i) the Offeror concludes after the date of this Agreement that it is necessary or desirable to proceed with a form of transaction other than the Offer (such as a plan of arrangement or amalgamation) whereby the Offeror and/or its affiliates would effectively acquire all the Company Shares on economic and other terms and conditions (including, without limitation, tax treatment) having consequences to the Shareholder that are equivalent to or better than those contemplated by this Agreement and the Acquisition Agreement (any such transaction is referred to as an "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Alternative Transaction</font>"), and (ii) the Board recommends that Shareholders approve or support the Alternative Transaction, then the Shareholder agrees to support the completion of the Alternative Transaction in the same manner as the Offer, including, if necessary, by voting the Deposited Shares in favour of a special resolution approving the Alternative Transaction.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 5</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES OF THE SHAREHOLDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">5.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder represents and warrants to the Offeror as follows and acknowledges that the Offeror is relying upon these representations and warranties in connection with the entering into of this Agreement and the Acquisition Agreement and the purchase by the Offeror of the Deposited Shares under the Offer:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case that the Shareholder is not an individual, the Shareholder is validly existing under the laws of its jurisdiction of formation and has the requisite power and authority to conduct its business as it is now being conducted and to enter into this Agreement and to perform its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case that the Shareholder is not an individual, the execution and delivery of this Agreement by the Shareholder and the performance by it of its obligations hereunder have been duly authorized by its board of directors (or equivalent body) and no other proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement has been duly executed and delivered by the Shareholder and, assuming the due authorization, execution and delivery by the Offeror,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;6 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">constitutes a legal, valid and binding obligation, enforceable by the Offeror against the Shareholder in accordance with its terms, subject, however, to limitations imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction is within the discretion of the court from which they are sought;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i) the Shareholder is the sole registered and/or direct or indirect beneficial owner of the number of Company Shares listed opposite the Shareholder's name on Schedule "A" and is the sole legal and beneficial owner of the number of Options listed opposite the Shareholder's name on Schedule "B"; (ii) the only Company Shares or other securities of the Company directly or indirectly beneficially owned, or over which control or direction is directly or indirectly exercised, by the Shareholder are those listed opposite the Shareholder's name on Schedule "A" and Schedule "B"; and (iii) except as listed on Schedule "B", the Shareholder has no agreement or option, or right or privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase or acquisition by the Shareholder of any additional Company Shares or other securities of the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Shareholder has the sole right to sell and vote all the Deposited Shares and all the Deposited Shares will, at the time at which the Offeror takes up and pays for the Deposited Shares, be beneficially owned solely by the Shareholder with good and marketable title thereto, free and clear of any and all mortgages, liens, charges, restrictions, security interests, adverse claims, pledges, encumbrances and demands or rights of others of any nature or kind whatsoever;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no individual, firm or entity has any agreement or option, or any right or privilege&#160;&#160;(whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase, acquisition or transfer from the Shareholder of any of the Deposited Shares or any interest therein or right thereto, except the Offeror pursuant to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">none of the execution and delivery by the Shareholder of this Agreement, the completion or performance of the transactions contemplated hereby or the compliance by the Shareholder with the Shareholder's obligations hereunder will result in a breach of (i) any agreement or instrument to which the Shareholder is a party or by which the Shareholder or any of the Shareholder's property or assets are bound; (ii) to the knowledge of the Shareholder, any judgment, decree, order or award of any Regulatory Authority; or (iii) to the knowledge of the Shareholder, any law, statute, ordinance, regulation or rule relevant in the context of the Offer or this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(h)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">there are no legal proceedings in progress or pending before any Regulatory Authority or, to the knowledge of the Shareholder, threatened against the Shareholder or its affiliates that would adversely affect in any manner the ability of the Shareholder to enter into this Agreement and to perform its obligations hereunder or the title of the Shareholder to any of the Deposited Shares.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The representations and warranties of the Shareholder set forth in this Article 5 shall survive the completion of the purchase by the Offeror of the Deposited Shares under the</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;7 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Offer and, despite such completion, shall continue in full force and effect for the benefit of the Offeror for a period of one year thereafter, except for the representation and warranty set forth in clause (e) above, which shall survive indefinitely.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 6</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES OF THE OFFEROR</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">6.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Offeror represents and warrants to the Shareholder as follows and acknowledges that the Shareholder is relying upon these representations and warranties in connection with the entering into of this Agreement:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror is validly existing under the laws of British Columbia and has the requisite corporate power and authority to conduct its business as it is now being conducted and to enter into this Agreement and to perform its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the execution and delivery of this Agreement by the Offeror and the performance by it of its obligations hereunder have been duly authorized by its board of directors and no other corporate proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement has been duly executed and delivered by the Offeror and, assuming the due authorization, execution and delivery by the Shareholder, constitutes a legal, valid and binding obligation, enforceable by the Shareholder against the Offeror in accordance with its terms, subject, however, to limitations imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction is within the discretion of the court from which they are sought;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no authorization, consent, approval, licence, permit or order of, or registration, declaration or filing with, any third party or Regulatory Authority is required to be obtained or made by the Offeror in connection with the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby, except for such authorizations, consents, approvals and filings as to which the failure to obtain or make would not, individually or in the aggregate, prevent or materially delay consummation of the transactions contemplated by this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the common shares of the Offeror to be issued pursuant to the Offer will, when issued pursuant to the Offer, be duly and validly issued as fully paid and non-assessable common shares in the capital of the Offeror, and the Offeror has sufficient funds available to pay the Maximum Cash Consideration payable by the Offeror pursuant to the Offer.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The representations and warranties of the Offeror set forth in this Article 6 shall survive the completion of the purchase by the Offeror of the Deposited Shares under the Offer and, despite such completion, shall continue in full force and effect for the benefit of the Shareholder for a period of one year thereafter.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;8 -</font></font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 7</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">TERMINATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">7.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may be terminated:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">at any time by written agreement of the Offeror and the Shareholder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Shareholder upon notice to the Offeror, if:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror has not made the Offer within the time periods provided for in Section 2.1 of the Acquisition Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offer shall have expired or shall have been withdrawn in accordance with its terms without the Offeror having purchased any Company Shares pursuant to the Offer;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any representation or warranty of the Offeror contained herein is untrue or incorrect in any material respect and, in each case, such non-compliance or inaccuracy would reasonably be expected to prevent the completion of the Offer and is not curable or, if curable, is not cured by the earlier of the date that is five Business Days after the date of written notice of such breach and the Business day prior to the Expiry Time; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Acquisition Agreement has been terminated in accordance with its terms; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Offeror upon notice to the Shareholder, if:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Shareholder has not complied in all material respects with its covenants to the Offeror contained herein or therein;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any representation or warranty of the Shareholder contained herein is at the date hereof, or becomes at any time prior to the Expiry Time, untrue or incorrect in any material respect;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Acquisition Agreement has been terminated in accordance with its terms; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any of the conditions to the Offer is not satisfied or waived by the Offeror at or prior to the Expiry Time;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">provided, however, that any such termination shall not prejudice the rights of a party as a result of any breach by the other party of its obligations hereunder. Upon termination of this Agreement, the Shareholder shall be entitled to withdraw any of the Deposited Shares tendered under the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 8</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">DISCLOSURE</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">8.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Except as required by applicable Law or by any Regulatory Authority or in accordance with the requirements of any stock exchange, no party shall make any public</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;9 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">announcement or statement with respect to this Agreement without the approval of the other, which shall not be unreasonably withheld or delayed. The parties acknowledge and agree that this Agreement may be summarized in, referred to and/or annexed to any take-over bid circular in respect of the Offer or other disclosure document in connection with the Offer and in any public announcement or statement by the Offeror or the Company with respect thereto and will be publicly filed where required by applicable Law. A copy of this Agreement may be provided to the directors of the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 9</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">GENERAL</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the avoidance of doubt, nothing in this Agreement shall limit any person from fulfilling his or her fiduciary duties as a director or officer of the Company, however any such exercise of fiduciary duties by a director or officer of the Company shall not in any way diminish his or her obligations as a Shareholder under this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement shall become effective upon execution and delivery hereof by the Shareholder and Offeror.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder and the Offeror shall, from time to time, promptly execute and deliver all such further documents and instruments and do all such acts and things as the other party may reasonably require to effectively carry out the intent of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.4</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement shall not be assignable by any party without the prior written consent of the other party. This Agreement shall be binding upon and shall enure to the benefit of and be enforceable by each of the parties hereto and their respective heirs, executors, successors and permitted assigns, as applicable.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.5</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Time shall be of the essence of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.6</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Any notice or other communication required or permitted to be given hereunder shall be sufficiently given if in writing, delivered or sent by telecopier or facsimile transmission:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case of the Shareholder, to:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">[Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;[Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case of the Offeror, to:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold Inc.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">200 Bay Street, Royal Bank Plaza</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Suite 3120</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Toronto, Ontario M5J 2J4</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Brian Penny, Executive Vice President and Chief Financial Officer</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(416) 324-9494</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and with a copy to (which shall not constitute notice):</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">- 10 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Cassels Brock &amp; Blackwell LLP</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Suite 2100, Scotia Plaza</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">40 King Street West</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Toronto, Ontario</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">M5H 3C2</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Andrea FitzGerald</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(416) 640-3194</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">at such other address as the party to which such notice or other communication is to be given has last notified the party giving the same in the manner provided in this section,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and if so given shall be deemed to have been received on the date of such delivery or sending (or, if such day is not a Business Day, on the next following Business Day).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.7</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement and the rights and obligations of the parties hereto shall be governed by and construed in accordance with the laws of the Province of<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>British Columbia<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>and the federal laws of Canada applicable therein and the Shareholder and the Offeror irrevocably attorn to the jurisdiction of the courts of the Province of British Columbia.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.8</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder agrees with the Offeror that: (i) money damages would not be a sufficient remedy for any breach of this Agreement by the Shareholder; (ii) in addition to any other remedies at law or in equity that the Offeror may have, the Offeror shall be entitled to seek equitable relief, including injunction and specific performance, in addition to any other remedies available to it, in the event of any breach by the Shareholder of the provisions of this Agreement; and (iii) the Shareholder agrees that if it is a defendant or respondent it shall waive any requirement for the securing or posting of any bond in connection with such remedy. The Shareholder hereby consents to any preliminary applications for such relief to any court of competent jurisdiction. The Offeror shall be reimbursed for all costs and expenses, including reasonable legal fees, incurred in enforcing its obligations hereunder. Such remedies shall not be deemed to be exclusive remedies of the Offeror for the breach of this Agreement by the Shareholder but shall be in addition to all other remedies at law or in equity.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.9</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If any term or other provision of this Agreement is determined by a court of competent jurisdiction to be invalid, illegal or unenforceable in any respect, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not irremediably affected in any manner materially adverse to any party hereto. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties hereto as closely as possible in an acceptable manner to the end that transactions contemplated hereby are fulfilled according to their original tenor to the extent possible.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.10</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement constitutes the entire agreement and supersedes all other prior agreements and undertakings, both written and oral, among the parties with respect to the subject matter hereof.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;11 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.11</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may be executed in any number of counterparts and by facsimile (or other electronic transmission), each of which shall be deemed to be an original and all of which taken together shall be deemed to constitute one and the same instrument, and it shall not be necessary in making proof of this Agreement to produce more than one counterpart.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">[Signature Page Follows]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IN WITNESS WHEREOF the parties have executed this Agreement as of the date first written above.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td rowspan="4" valign="top" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td rowspan="4" valign="top" width="23%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NEW GOLD INC.</font></div>
</td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Signed &#8220;Brian Penny&#8221;</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Name:&#160;&#160; Brian Penny</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Title:&#160;&#160;&#160;&#160;&#160;Executive Vice President and Chief Financial Officer</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Irrevocably accepted and agreed to on May 30, 2013</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="2" valign="top" width="37%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SIGNED &amp; DELIVERED</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the presence of:</font></div>
</td>
<td rowspan="4" valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="40%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td valign="top" width="32%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" rowspan="3" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="4%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Signed &#8220;Dale Peniuk&#8221;</font></div>
</td>
</tr><tr>
<td valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Witness</font></div>
</td>
<td valign="top" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Dale Peniuk</font></div>
</td>
</tr><tr>
<td valign="top" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="32%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SCHEDULE "A"</font></div>
</td>
</tr></table>

<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OWNERSHIP OF COMMON SHARES OF RAINY RIVER RESOURCES LTD.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total number of Company Shares beneficially owned or controlled</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Registered holder if different from beneficial owner</font></div>
</td>
</tr><tr>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Dale Peniuk</font></div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-WEIGHT: bold">SCHEDULE "B"</font><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OWNERSHIP OF OPTIONS OF RAINY RIVER RESOURCES LTD.</font></div>
</td>
</tr></table>
</div>

<div align="center">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
</table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total number of Options owned</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Dale Peniuk</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">850,000</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div>&#160;</div>

<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
<hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.3
<SEQUENCE>8
<FILENAME>a13-14720_1ex2d3.htm
<DESCRIPTION>EX-2.3
<TEXT>
<html>
<head>

    <!--Licensed to: New Gold Inc.-->
    <!--Document Created using EDGARizer 2020 5.4.5.0-->
    <!--Copyright 1995 - 2013 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
<hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
</div>

<div style="TEXT-ALIGN: right">Exhibit 2.3</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div><br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">LOCK-UP AGREEMENT</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">THIS AGREEMENT</font> made the 30th day of May, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">B E T W E E N:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">JAMES EXCELL</font>, a businessman residing at, [Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(hereinafter called the "<font style="DISPLAY: inline; FONT-WEIGHT: bold"> Shareholder</font>"),</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- and -</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NEW GOLD INC.</font>, a corporation existing under the laws of the Province of British Columbia,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(hereinafter called the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offeror</font>").</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">WHEREAS</font> the Shareholder is the registered and/or direct or indirect beneficial owner of Company Shares (as hereinafter defined) and options to purchase Company Shares (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Options</font>") of Rainy River Resources Ltd.<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>(the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company</font>"), as more particularly described herein;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> the Offeror is concurrently herewith entering into an Acquisition Agreement (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Acquisition Agreement</font>") with the Company which provides for, among other things, the Offeror making a take-over bid (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offer</font>") to acquire all of the issued and outstanding Company Shares, including all Company Shares that may be issued under outstanding options, warrants or other rights to purchase Company Shares, for consideration per Company Share of, at the election of each of the holders of Company Shares, either (i) Cdn.$3.83 in cash, or (ii) 0.5 of a common share of the Offeror, subject to proration as provided in the Acquisition Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> this Agreement sets out the terms and conditions of the agreement of the Shareholder (i) to tender, or cause to be tendered, to the Offer all Company Shares, including any Company Shares issued pursuant to any Option or other convertible security of the Company, directly or indirectly beneficially owned, or over which control or <font style="BACKGROUND-COLOR: #ffffff; DISPLAY: inline">direction is directly or indirectly exercised, by the Shareholder at any time from the date hereof to and including the Expiry Time</font> (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Deposited Shares</font>"), and (ii) to abide by the restrictions and covenants set forth herein;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> the Offeror is relying on the covenants, representations and warranties of the Shareholder set forth in this Agreement in connection with the Offeror's execution and delivery of the Acquisition Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NOW THEREFORE</font> this Agreement witnesses that, in consideration of the premises and the covenants and agreements herein contained, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged by the parties, the parties hereto agree as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 2 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 1</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">INTERPRETATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All capitalized terms used but not otherwise defined herein shall have the respective meaning ascribed to them in the Acquisition Agreement. All references herein to the Acquisition Agreement or any portion thereof refer to the Acquisition Agreement as amended, modified, restated or waived.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In this Agreement, unless otherwise expressly stated or the context otherwise requires:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to "herein", "hereby", "hereunder", "hereof" and similar expressions are references to this Agreement and not to any particular Article, Section or clause of or Schedule to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to an "Article", a "Section", a "clause" or a "Schedule" are references to an Article, a Section or a clause of or a Schedule to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the use of headings is for convenience of reference only and shall not affect the construction or interpretation hereof;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">if the date on which any action is required to be taken hereunder by any of the parties is not a Business Day, such action shall be required to be taken on the next succeeding day that is a Business Day;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a period of Business Days is to be computed as beginning on the day following the event that began the period and ending at 4:30 p.m. (Toronto time) on the last day of the period if the period is a Business Day or at 4:30 p.m. (Toronto time) on the next Business Day if the last day of the period does not fall on a Business Day;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the terms "material" and "materially" shall, when used in this Agreement, be construed, measured or assessed on the basis of whether the matter would materially affect a party and its subsidiaries, taken as a whole; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">wherever the term "includes" or "including" is used, it shall be deemed to mean "includes, without limitation" or "including, without limitation", respectively.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">References to the "knowledge of the Shareholder" mean the actual knowledge or awareness, after due inquiry, of the Shareholder or, if applicable, any senior officer of the Shareholder, and includes the knowledge that such Shareholder or senior officer, as applicable, would have, assuming they made an enquiry that is reasonable in the circumstances of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 2</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">THE OFFER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Subject to Section 2.2, the Offeror hereby agrees and confirms to the Shareholder that the Offeror shall make the Offer, or cause the Offer to be made, in accordance with the terms and subject to the conditions set forth in the Acquisition Agreement and shall take up and pay for all Company Shares tendered under the Offer, including all Deposited Shares, as soon as reasonably possible and in any event not later than three (3)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;3 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Business Days following the time at which the Offeror becomes first entitled pursuant to applicable securities Law to take up such Company Shares in accordance with the terms and subject to the conditions of the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The obligation of the Offeror to make the Offer or cause the Offer to be made shall be subject to the conditions set forth in the Acquisition Agreement. The obligation of the Offeror under the Offer to take up and pay for Company Shares deposited to the Offer and not withdrawn shall not be subject to any conditions, save and except the conditions set out in Schedule A of the Acquisition Agreement. The Offeror may, in its sole discretion, modify or waive any term or condition of the Offer in accordance with the Acquisition Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 3</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CERTAIN COVENANTS OF THE SHAREHOLDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants and irrevocably agrees that it shall, from the date hereof until the earlier of (i) the termination of this Agreement pursuant to Article 7, and (ii) the Expiry Time, except in accordance with the terms of this Agreement:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not, directly or indirectly through any of its Representatives, (i) solicit, assist, initiate, knowingly encourage or facilitate (including by way of discussion, negotiation, furnishing information, permitting any visit to any facilities or properties of the Company or the Company Subsidiary, or entering into any form of written or oral agreement, arrangement or understanding) any inquiries, proposals or offers regarding, or that may reasonably be expected to lead to, any Acquisition Proposal, (ii) engage or participate in any discussions or negotiations regarding, or provide any information with respect to or otherwise cooperate with any person (other than the Offeror and its Representatives) regarding, any Acquisition Proposal or potential Acquisition Proposal, (iii) accept or enter into, or publicly propose to accept or enter into, any letter of intent, agreement in principle, agreement, arrangement or undertaking related to any Acquisition Proposal, (iv) provide any information relating to the Company to any person or group in connection with any Acquisition Proposal, or (v) otherwise co-operate in any way with any effort or attempt by any other person or group to do or seek to do any of the foregoing; provided, however, that nothing contained in this Section 3.1 or other provisions of this Agreement shall prevent the Shareholder, if a member of the board of directors of the Company or a senior officer of the Company, from engaging in discussions or negotiations with or furnishing information to, in the Shareholder's capacity as a director or senior officer of the Company, any person in response to an unsolicited <font style="FONT-STYLE: italic; DISPLAY: inline">bona fide</font> Acquisition Proposal made in writing to the board of directors of the Company by such person (which Acquisition Proposal did not result from a breach of this Agreement or the Acquisition Agreement) in circumstances where the Company is permitted by Section 6.3 of the Acquisition Agreement to engage in such discussions or negotiations or furnish such information;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">immediately cease and cause to be terminated all existing solicitation, discussion, negotiation, encouragement or activity, if any, with any person or group or any agent or representative of any person or group conducted before the date of this Agreement with respect to any Acquisition Proposal or any potential Acquisition Proposal;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;4 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">promptly (and in any event within 24 hours following receipt or knowledge) notify the Offeror of any proposal, inquiry, offer or request relating to, or of discussions or negotiations in respect of, an Acquisition Proposal or potential Acquisition Proposal or any proposal, inquiry, offer or request or discussions or negotiations that could reasonably lead or be expected to lead to an Acquisition Proposal of which the Shareholder becomes, directly or indirectly, aware. Such notification shall be made first orally and then in writing and shall include a description of the material terms and conditions together with a copy of all documentation relating to any such proposal, inquiry, offer or request or discussions or negotiations within the Shareholder's possession;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not option, sell, transfer, pledge, encumber, grant a security interest in, hypothecate or otherwise convey or enter into any forward sale, repurchase agreement or other monetization transaction with respect to any of the Deposited Shares, or any right or interest therein (legal or equitable), to or with any person or group or agree to do any of the foregoing;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not grant or agree to grant any proxy, power of attorney or other right to vote the Deposited Shares, or enter into any voting, voting trust, vote pooling or other agreement with respect to the right to vote, call meetings of securityholders or give consents or approval of any kind with respect to any of the Deposited Shares;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not requisition or join in any requisition of any meeting of securityholders of the Company without the prior written consent of the Offeror, or vote or cause to be voted any of the Deposited Shares in respect of any proposed action by the Company or its Shareholders or affiliates or any other person or group in a manner which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not do indirectly that which it may not do directly by the terms of this Article 3 or take any other action of any kind, directly or indirectly, which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants to exercise or surrender any Options held by the Shareholder prior to or as of the Expiry Time so that the Shareholder will hold no Options as of the Expiry Time, in accordance with the terms of the Acquisition Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 4</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">AGREEMENT TO TENDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants and agrees that if the Offeror makes the Offer in compliance with Article 2 and the Acquisition Agreement, the Shareholder shall, within 14 days of the mailing of the Offer Circular, irrevocably deposit or cause to be irrevocably deposited with the depositary under the Offer in acceptance of the Offer all of the Deposited Shares in accordance with the terms of the Offer, and thereafter the Shareholder shall not withdraw or take any action to withdraw any of the Deposited</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;5 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Shares deposited under the Offer (notwithstanding any statutory rights, rights under the terms of the Offer or rights which the Shareholder might otherwise have) except upon the termination of this Agreement in accordance with its terms. Subject to this Section 4.1, for greater certainty, in respect of Company Shares that are to be issued upon the exercise of Options, the Shareholder shall, within 14 days of the mailing of the Offer Circular, irrevocably direct the depositary under the Offer that, upon the issue of such Company Shares immediately before the Expiry Time of the Offer, such Company Shares are to be deposited to the Offer and it is understood and agreed that, upon such direction, such Company Shares will be treated as having been deposited in accordance with this Agreement.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For greater certainty, for the purposes of this Agreement, the term "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company Shares</font>" shall include all the common shares, including all the common shares issued under outstanding Options, of the Company and shall include all shares or other securities into or for which the Company Shares may be converted, exchanged or otherwise changed pursuant to any reorganization, merger, amalgamation or other transaction involving the Company prior to the acquisition of the Deposited Shares by the Offeror under the Offer.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If (i) the Offeror concludes after the date of this Agreement that it is necessary or desirable to proceed with a form of transaction other than the Offer (such as a plan of arrangement or amalgamation) whereby the Offeror and/or its affiliates would effectively acquire all the Company Shares on economic and other terms and conditions (including, without limitation, tax treatment) having consequences to the Shareholder that are equivalent to or better than those contemplated by this Agreement and the Acquisition Agreement (any such transaction is referred to as an "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Alternative Transaction</font>"), and (ii) the Board recommends that Shareholders approve or support the Alternative Transaction, then the Shareholder agrees to support the completion of the Alternative Transaction in the same manner as the Offer, including, if necessary, by voting the Deposited Shares in favour of a special resolution approving the Alternative Transaction.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 5</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES OF THE SHAREHOLDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">5.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder represents and warrants to the Offeror as follows and acknowledges that the Offeror is relying upon these representations and warranties in connection with the entering into of this Agreement and the Acquisition Agreement and the purchase by the Offeror of the Deposited Shares under the Offer:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case that the Shareholder is not an individual, the Shareholder is validly existing under the laws of its jurisdiction of formation and has the requisite power and authority to conduct its business as it is now being conducted and to enter into this Agreement and to perform its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case that the Shareholder is not an individual, the execution and delivery of this Agreement by the Shareholder and the performance by it of its obligations hereunder have been duly authorized by its board of directors (or equivalent body) and no other proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement has been duly executed and delivered by the Shareholder and, assuming the due authorization, execution and delivery by the Offeror,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;6 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">constitutes a legal, valid and binding obligation, enforceable by the Offeror against the Shareholder in accordance with its terms, subject, however, to limitations imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction is within the discretion of the court from which they are sought;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i) the Shareholder is the sole registered and/or direct or indirect beneficial owner of the number of Company Shares listed opposite the Shareholder's name on Schedule "A" and is the sole legal and beneficial owner of the number of Options listed opposite the Shareholder's name on Schedule "B"; (ii) the only Company Shares or other securities of the Company directly or indirectly beneficially owned, or over which control or direction is directly or indirectly exercised, by the Shareholder are those listed opposite the Shareholder's name on Schedule "A" and Schedule "B"; and (iii) except as listed on Schedule "B", the Shareholder has no agreement or option, or right or privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase or acquisition by the Shareholder of any additional Company Shares or other securities of the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Shareholder has the sole right to sell and vote all the Deposited Shares and all the Deposited Shares will, at the time at which the Offeror takes up and pays for the Deposited Shares, be beneficially owned solely by the Shareholder with good and marketable title thereto, free and clear of any and all mortgages, liens, charges, restrictions, security interests, adverse claims, pledges, encumbrances and demands or rights of others of any nature or kind whatsoever;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no individual, firm or entity has any agreement or option, or any right or privilege&#160;&#160;(whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase, acquisition or transfer from the Shareholder of any of the Deposited Shares or any interest therein or right thereto, except the Offeror pursuant to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">none of the execution and delivery by the Shareholder of this Agreement, the completion or performance of the transactions contemplated hereby or the compliance by the Shareholder with the Shareholder's obligations hereunder will result in a breach of (i) any agreement or instrument to which the Shareholder is a party or by which the Shareholder or any of the Shareholder's property or assets are bound; (ii) to the knowledge of the Shareholder, any judgment, decree, order or award of any Regulatory Authority; or (iii) to the knowledge of the Shareholder, any law, statute, ordinance, regulation or rule relevant in the context of the Offer or this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(h)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">there are no legal proceedings in progress or pending before any Regulatory Authority or, to the knowledge of the Shareholder, threatened against the Shareholder or its affiliates that would adversely affect in any manner the ability of the Shareholder to enter into this Agreement and to perform its obligations hereunder or the title of the Shareholder to any of the Deposited Shares.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The representations and warranties of the Shareholder set forth in this Article 5 shall survive the completion of the purchase by the Offeror of the Deposited Shares under the</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;7 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Offer and, despite such completion, shall continue in full force and effect for the benefit of the Offeror for a period of one year thereafter, except for the representation and warranty set forth in clause (e) above, which shall survive indefinitely.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 6</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES OF THE OFFEROR</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">6.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Offeror represents and warrants to the Shareholder as follows and acknowledges that the Shareholder is relying upon these representations and warranties in connection with the entering into of this Agreement:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror is validly existing under the laws of British Columbia and has the requisite corporate power and authority to conduct its business as it is now being conducted and to enter into this Agreement and to perform its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the execution and delivery of this Agreement by the Offeror and the performance by it of its obligations hereunder have been duly authorized by its board of directors and no other corporate proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement has been duly executed and delivered by the Offeror and, assuming the due authorization, execution and delivery by the Shareholder, constitutes a legal, valid and binding obligation, enforceable by the Shareholder against the Offeror in accordance with its terms, subject, however, to limitations imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction is within the discretion of the court from which they are sought;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no authorization, consent, approval, licence, permit or order of, or registration, declaration or filing with, any third party or Regulatory Authority is required to be obtained or made by the Offeror in connection with the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby, except for such authorizations, consents, approvals and filings as to which the failure to obtain or make would not, individually or in the aggregate, prevent or materially delay consummation of the transactions contemplated by this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the common shares of the Offeror to be issued pursuant to the Offer will, when issued pursuant to the Offer, be duly and validly issued as fully paid and non-assessable common shares in the capital of the Offeror, and the Offeror has sufficient funds available to pay the Maximum Cash Consideration payable by the Offeror pursuant to the Offer.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The representations and warranties of the Offeror set forth in this Article 6 shall survive the completion of the purchase by the Offeror of the Deposited Shares under the Offer and, despite such completion, shall continue in full force and effect for the benefit of the Shareholder for a period of one year thereafter.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;8 -</font></font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 7</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">TERMINATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">7.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may be terminated:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">at any time by written agreement of the Offeror and the Shareholder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Shareholder upon notice to the Offeror, if:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror has not made the Offer within the time periods provided for in Section 2.1 of the Acquisition Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offer shall have expired or shall have been withdrawn in accordance with its terms without the Offeror having purchased any Company Shares pursuant to the Offer;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any representation or warranty of the Offeror contained herein is untrue or incorrect in any material respect and, in each case, such non-compliance or inaccuracy would reasonably be expected to prevent the completion of the Offer and is not curable or, if curable, is not cured by the earlier of the date that is five Business Days after the date of written notice of such breach and the Business day prior to the Expiry Time; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Acquisition Agreement has been terminated in accordance with its terms; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Offeror upon notice to the Shareholder, if:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Shareholder has not complied in all material respects with its covenants to the Offeror contained herein or therein;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any representation or warranty of the Shareholder contained herein is at the date hereof, or becomes at any time prior to the Expiry Time, untrue or incorrect in any material respect;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Acquisition Agreement has been terminated in accordance with its terms; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any of the conditions to the Offer is not satisfied or waived by the Offeror at or prior to the Expiry Time;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">provided, however, that any such termination shall not prejudice the rights of a party as a result of any breach by the other party of its obligations hereunder. Upon termination of this Agreement, the Shareholder shall be entitled to withdraw any of the Deposited Shares tendered under the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 8</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">DISCLOSURE</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">8.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Except as required by applicable Law or by any Regulatory Authority or in accordance with the requirements of any stock exchange, no party shall make any public</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;9 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">announcement or statement with respect to this Agreement without the approval of the other, which shall not be unreasonably withheld or delayed. The parties acknowledge and agree that this Agreement may be summarized in, referred to and/or annexed to any take-over bid circular in respect of the Offer or other disclosure document in connection with the Offer and in any public announcement or statement by the Offeror or the Company with respect thereto and will be publicly filed where required by applicable Law. A copy of this Agreement may be provided to the directors of the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 9</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">GENERAL</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the avoidance of doubt, nothing in this Agreement shall limit any person from fulfilling his or her fiduciary duties as a director or officer of the Company, however any such exercise of fiduciary duties by a director or officer of the Company shall not in any way diminish his or her obligations as a Shareholder under this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement shall become effective upon execution and delivery hereof by the Shareholder and Offeror.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder and the Offeror shall, from time to time, promptly execute and deliver all such further documents and instruments and do all such acts and things as the other party may reasonably require to effectively carry out the intent of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.4</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement shall not be assignable by any party without the prior written consent of the other party. This Agreement shall be binding upon and shall enure to the benefit of and be enforceable by each of the parties hereto and their respective heirs, executors, successors and permitted assigns, as applicable.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.5</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Time shall be of the essence of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.6</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Any notice or other communication required or permitted to be given hereunder shall be sufficiently given if in writing, delivered or sent by telecopier or facsimile transmission:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case of the Shareholder, to:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">[Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;[Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case of the Offeror, to:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold Inc.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">200 Bay Street, Royal Bank Plaza</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Suite 3120</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Toronto, Ontario M5J 2J4</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Brian Penny, Executive Vice President and Chief Financial Officer</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(416) 324-9494</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and with a copy to (which shall not constitute notice):</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">- 10 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Cassels Brock &amp; Blackwell LLP</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Suite 2100, Scotia Plaza</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">40 King Street West</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Toronto, Ontario</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">M5H 3C2</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Andrea FitzGerald</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(416) 640-3194</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">at such other address as the party to which such notice or other communication is to be given has last notified the party giving the same in the manner provided in this section,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and if so given shall be deemed to have been received on the date of such delivery or sending (or, if such day is not a Business Day, on the next following Business Day).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.7</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement and the rights and obligations of the parties hereto shall be governed by and construed in accordance with the laws of the Province of<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>British Columbia<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>and the federal laws of Canada applicable therein and the Shareholder and the Offeror irrevocably attorn to the jurisdiction of the courts of the Province of British Columbia.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.8</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder agrees with the Offeror that: (i) money damages would not be a sufficient remedy for any breach of this Agreement by the Shareholder; (ii) in addition to any other remedies at law or in equity that the Offeror may have, the Offeror shall be entitled to seek equitable relief, including injunction and specific performance, in addition to any other remedies available to it, in the event of any breach by the Shareholder of the provisions of this Agreement; and (iii) the Shareholder agrees that if it is a defendant or respondent it shall waive any requirement for the securing or posting of any bond in connection with such remedy. The Shareholder hereby consents to any preliminary applications for such relief to any court of competent jurisdiction. The Offeror shall be reimbursed for all costs and expenses, including reasonable legal fees, incurred in enforcing its obligations hereunder. Such remedies shall not be deemed to be exclusive remedies of the Offeror for the breach of this Agreement by the Shareholder but shall be in addition to all other remedies at law or in equity.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.9</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If any term or other provision of this Agreement is determined by a court of competent jurisdiction to be invalid, illegal or unenforceable in any respect, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not irremediably affected in any manner materially adverse to any party hereto. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties hereto as closely as possible in an acceptable manner to the end that transactions contemplated hereby are fulfilled according to their original tenor to the extent possible.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.10</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement constitutes the entire agreement and supersedes all other prior agreements and undertakings, both written and oral, among the parties with respect to the subject matter hereof.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;11 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.11</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may be executed in any number of counterparts and by facsimile (or other electronic transmission), each of which shall be deemed to be an original and all of which taken together shall be deemed to constitute one and the same instrument, and it shall not be necessary in making proof of this Agreement to produce more than one counterpart.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">[Signature Page Follows]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IN WITNESS WHEREOF the parties have executed this Agreement as of the date first written above.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td rowspan="4" valign="top" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td rowspan="4" valign="top" width="23%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NEW GOLD INC.</font></div>
</td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Signed &#8220;Brian Penny&#8221;</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Name:&#160;&#160; Brian Penny</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Title:&#160;&#160;&#160;&#160;&#160;Executive Vice President and Chief Financial Officer</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Irrevocably accepted and agreed to on May 30, 2013</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="2" valign="top" width="37%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SIGNED &amp; DELIVERED</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the presence of:</font></div>
</td>
<td rowspan="4" valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="40%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td valign="top" width="32%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" rowspan="3" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="4%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Signed &#8220;James Excell&#8221;</font></div>
</td>
</tr><tr>
<td valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Witness</font></div>
</td>
<td valign="top" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">James Excell</font></div>
</td>
</tr><tr>
<td valign="top" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="32%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SCHEDULE "A"</font></div>
</td>
</tr></table>

<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OWNERSHIP OF COMMON SHARES OF RAINY RIVER RESOURCES LTD.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total number of Company Shares beneficially owned or controlled</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Registered holder if different from beneficial owner</font></div>
</td>
</tr><tr>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">James Excell</font></div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-WEIGHT: bold">SCHEDULE "B"</font><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OWNERSHIP OF OPTIONS OF RAINY RIVER RESOURCES LTD.</font></div>
</td>
</tr></table>
</div>

<div align="center">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
</table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total number of Options owned</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">James Excell</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">350,000</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div>&#160;</div>

<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
<hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.4
<SEQUENCE>9
<FILENAME>a13-14720_1ex2d4.htm
<DESCRIPTION>EX-2.4
<TEXT>
<html>
<head>

    <!--Licensed to: New Gold Inc.-->
    <!--Document Created using EDGARizer 2020 5.4.5.0-->
    <!--Copyright 1995 - 2013 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
<hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
</div>

<div style="TEXT-ALIGN: right">Exhibit 2.4</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div><br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">LOCK-UP AGREEMENT</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">THIS AGREEMENT</font> made the 30th day of May, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">B E T W E E N:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">LEO BEREZAN</font>, a businessman residing at, [Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(hereinafter called the "<font style="DISPLAY: inline; FONT-WEIGHT: bold"> Shareholder</font>"),</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- and -</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NEW GOLD INC.</font>, a corporation existing under the laws of the Province of British Columbia,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(hereinafter called the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offeror</font>").</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">WHEREAS</font> the Shareholder is the registered and/or direct or indirect beneficial owner of Company Shares (as hereinafter defined) and options to purchase Company Shares (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Options</font>") of Rainy River Resources Ltd.<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>(the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company</font>"), as more particularly described herein;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> the Offeror is concurrently herewith entering into an Acquisition Agreement (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Acquisition Agreement</font>") with the Company which provides for, among other things, the Offeror making a take-over bid (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offer</font>") to acquire all of the issued and outstanding Company Shares, including all Company Shares that may be issued under outstanding options, warrants or other rights to purchase Company Shares, for consideration per Company Share of, at the election of each of the holders of Company Shares, either (i) Cdn.$3.83 in cash, or (ii) 0.5 of a common share of the Offeror, subject to proration as provided in the Acquisition Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> this Agreement sets out the terms and conditions of the agreement of the Shareholder (i) to tender, or cause to be tendered, to the Offer all Company Shares, including any Company Shares issued pursuant to any Option or other convertible security of the Company, directly or indirectly beneficially owned, or over which control or <font style="BACKGROUND-COLOR: #ffffff; DISPLAY: inline">direction is directly or indirectly exercised, by the Shareholder at any time from the date hereof to and including the Expiry Time</font> (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Deposited Shares</font>"), and (ii) to abide by the restrictions and covenants set forth herein;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> the Offeror is relying on the covenants, representations and warranties of the Shareholder set forth in this Agreement in connection with the Offeror's execution and delivery of the Acquisition Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NOW THEREFORE</font> this Agreement witnesses that, in consideration of the premises and the covenants and agreements herein contained, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged by the parties, the parties hereto agree as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 2 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 1</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">INTERPRETATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All capitalized terms used but not otherwise defined herein shall have the respective meaning ascribed to them in the Acquisition Agreement. All references herein to the Acquisition Agreement or any portion thereof refer to the Acquisition Agreement as amended, modified, restated or waived.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In this Agreement, unless otherwise expressly stated or the context otherwise requires:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to "herein", "hereby", "hereunder", "hereof" and similar expressions are references to this Agreement and not to any particular Article, Section or clause of or Schedule to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to an "Article", a "Section", a "clause" or a "Schedule" are references to an Article, a Section or a clause of or a Schedule to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the use of headings is for convenience of reference only and shall not affect the construction or interpretation hereof;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">if the date on which any action is required to be taken hereunder by any of the parties is not a Business Day, such action shall be required to be taken on the next succeeding day that is a Business Day;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a period of Business Days is to be computed as beginning on the day following the event that began the period and ending at 4:30 p.m. (Toronto time) on the last day of the period if the period is a Business Day or at 4:30 p.m. (Toronto time) on the next Business Day if the last day of the period does not fall on a Business Day;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the terms "material" and "materially" shall, when used in this Agreement, be construed, measured or assessed on the basis of whether the matter would materially affect a party and its subsidiaries, taken as a whole; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">wherever the term "includes" or "including" is used, it shall be deemed to mean "includes, without limitation" or "including, without limitation", respectively.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">References to the "knowledge of the Shareholder" mean the actual knowledge or awareness, after due inquiry, of the Shareholder or, if applicable, any senior officer of the Shareholder, and includes the knowledge that such Shareholder or senior officer, as applicable, would have, assuming they made an enquiry that is reasonable in the circumstances of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 2</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">THE OFFER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Subject to Section 2.2, the Offeror hereby agrees and confirms to the Shareholder that the Offeror shall make the Offer, or cause the Offer to be made, in accordance with the terms and subject to the conditions set forth in the Acquisition Agreement and shall take up and pay for all Company Shares tendered under the Offer, including all Deposited Shares, as soon as reasonably possible and in any event not later than three (3)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;3 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Business Days following the time at which the Offeror becomes first entitled pursuant to applicable securities Law to take up such Company Shares in accordance with the terms and subject to the conditions of the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The obligation of the Offeror to make the Offer or cause the Offer to be made shall be subject to the conditions set forth in the Acquisition Agreement. The obligation of the Offeror under the Offer to take up and pay for Company Shares deposited to the Offer and not withdrawn shall not be subject to any conditions, save and except the conditions set out in Schedule A of the Acquisition Agreement. The Offeror may, in its sole discretion, modify or waive any term or condition of the Offer in accordance with the Acquisition Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 3</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CERTAIN COVENANTS OF THE SHAREHOLDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants and irrevocably agrees that it shall, from the date hereof until the earlier of (i) the termination of this Agreement pursuant to Article 7, and (ii) the Expiry Time, except in accordance with the terms of this Agreement:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not, directly or indirectly through any of its Representatives, (i) solicit, assist, initiate, knowingly encourage or facilitate (including by way of discussion, negotiation, furnishing information, permitting any visit to any facilities or properties of the Company or the Company Subsidiary, or entering into any form of written or oral agreement, arrangement or understanding) any inquiries, proposals or offers regarding, or that may reasonably be expected to lead to, any Acquisition Proposal, (ii) engage or participate in any discussions or negotiations regarding, or provide any information with respect to or otherwise cooperate with any person (other than the Offeror and its Representatives) regarding, any Acquisition Proposal or potential Acquisition Proposal, (iii) accept or enter into, or publicly propose to accept or enter into, any letter of intent, agreement in principle, agreement, arrangement or undertaking related to any Acquisition Proposal, (iv) provide any information relating to the Company to any person or group in connection with any Acquisition Proposal, or (v) otherwise co-operate in any way with any effort or attempt by any other person or group to do or seek to do any of the foregoing; provided, however, that nothing contained in this Section 3.1 or other provisions of this Agreement shall prevent the Shareholder, if a member of the board of directors of the Company or a senior officer of the Company, from engaging in discussions or negotiations with or furnishing information to, in the Shareholder's capacity as a director or senior officer of the Company, any person in response to an unsolicited <font style="FONT-STYLE: italic; DISPLAY: inline">bona fide</font> Acquisition Proposal made in writing to the board of directors of the Company by such person (which Acquisition Proposal did not result from a breach of this Agreement or the Acquisition Agreement) in circumstances where the Company is permitted by Section 6.3 of the Acquisition Agreement to engage in such discussions or negotiations or furnish such information;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">immediately cease and cause to be terminated all existing solicitation, discussion, negotiation, encouragement or activity, if any, with any person or group or any agent or representative of any person or group conducted before the date of this Agreement with respect to any Acquisition Proposal or any potential Acquisition Proposal;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;4 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">promptly (and in any event within 24 hours following receipt or knowledge) notify the Offeror of any proposal, inquiry, offer or request relating to, or of discussions or negotiations in respect of, an Acquisition Proposal or potential Acquisition Proposal or any proposal, inquiry, offer or request or discussions or negotiations that could reasonably lead or be expected to lead to an Acquisition Proposal of which the Shareholder becomes, directly or indirectly, aware. Such notification shall be made first orally and then in writing and shall include a description of the material terms and conditions together with a copy of all documentation relating to any such proposal, inquiry, offer or request or discussions or negotiations within the Shareholder's possession;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not option, sell, transfer, pledge, encumber, grant a security interest in, hypothecate or otherwise convey or enter into any forward sale, repurchase agreement or other monetization transaction with respect to any of the Deposited Shares, or any right or interest therein (legal or equitable), to or with any person or group or agree to do any of the foregoing;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not grant or agree to grant any proxy, power of attorney or other right to vote the Deposited Shares, or enter into any voting, voting trust, vote pooling or other agreement with respect to the right to vote, call meetings of securityholders or give consents or approval of any kind with respect to any of the Deposited Shares;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not requisition or join in any requisition of any meeting of securityholders of the Company without the prior written consent of the Offeror, or vote or cause to be voted any of the Deposited Shares in respect of any proposed action by the Company or its Shareholders or affiliates or any other person or group in a manner which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not do indirectly that which it may not do directly by the terms of this Article 3 or take any other action of any kind, directly or indirectly, which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants to exercise or surrender any Options held by the Shareholder prior to or as of the Expiry Time so that the Shareholder will hold no Options as of the Expiry Time, in accordance with the terms of the Acquisition Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 4</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">AGREEMENT TO TENDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants and agrees that if the Offeror makes the Offer in compliance with Article 2 and the Acquisition Agreement, the Shareholder shall, within 14 days of the mailing of the Offer Circular, irrevocably deposit or cause to be irrevocably deposited with the depositary under the Offer in acceptance of the Offer all of the Deposited Shares in accordance with the terms of the Offer, and thereafter the Shareholder shall not withdraw or take any action to withdraw any of the Deposited</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;5 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Shares deposited under the Offer (notwithstanding any statutory rights, rights under the terms of the Offer or rights which the Shareholder might otherwise have) except upon the termination of this Agreement in accordance with its terms. Subject to this Section 4.1, for greater certainty, in respect of Company Shares that are to be issued upon the exercise of Options, the Shareholder shall, within 14 days of the mailing of the Offer Circular, irrevocably direct the depositary under the Offer that, upon the issue of such Company Shares immediately before the Expiry Time of the Offer, such Company Shares are to be deposited to the Offer and it is understood and agreed that, upon such direction, such Company Shares will be treated as having been deposited in accordance with this Agreement.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For greater certainty, for the purposes of this Agreement, the term "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company Shares</font>" shall include all the common shares, including all the common shares issued under outstanding Options, of the Company and shall include all shares or other securities into or for which the Company Shares may be converted, exchanged or otherwise changed pursuant to any reorganization, merger, amalgamation or other transaction involving the Company prior to the acquisition of the Deposited Shares by the Offeror under the Offer.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If (i) the Offeror concludes after the date of this Agreement that it is necessary or desirable to proceed with a form of transaction other than the Offer (such as a plan of arrangement or amalgamation) whereby the Offeror and/or its affiliates would effectively acquire all the Company Shares on economic and other terms and conditions (including, without limitation, tax treatment) having consequences to the Shareholder that are equivalent to or better than those contemplated by this Agreement and the Acquisition Agreement (any such transaction is referred to as an "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Alternative Transaction</font>"), and (ii) the Board recommends that Shareholders approve or support the Alternative Transaction, then the Shareholder agrees to support the completion of the Alternative Transaction in the same manner as the Offer, including, if necessary, by voting the Deposited Shares in favour of a special resolution approving the Alternative Transaction.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 5</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES OF THE SHAREHOLDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">5.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder represents and warrants to the Offeror as follows and acknowledges that the Offeror is relying upon these representations and warranties in connection with the entering into of this Agreement and the Acquisition Agreement and the purchase by the Offeror of the Deposited Shares under the Offer:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case that the Shareholder is not an individual, the Shareholder is validly existing under the laws of its jurisdiction of formation and has the requisite power and authority to conduct its business as it is now being conducted and to enter into this Agreement and to perform its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case that the Shareholder is not an individual, the execution and delivery of this Agreement by the Shareholder and the performance by it of its obligations hereunder have been duly authorized by its board of directors (or equivalent body) and no other proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement has been duly executed and delivered by the Shareholder and, assuming the due authorization, execution and delivery by the Offeror,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;6 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">constitutes a legal, valid and binding obligation, enforceable by the Offeror against the Shareholder in accordance with its terms, subject, however, to limitations imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction is within the discretion of the court from which they are sought;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i) the Shareholder is the sole registered and/or direct or indirect beneficial owner of the number of Company Shares listed opposite the Shareholder's name on Schedule "A" and is the sole legal and beneficial owner of the number of Options listed opposite the Shareholder's name on Schedule "B"; (ii) the only Company Shares or other securities of the Company directly or indirectly beneficially owned, or over which control or direction is directly or indirectly exercised, by the Shareholder are those listed opposite the Shareholder's name on Schedule "A" and Schedule "B"; and (iii) except as listed on Schedule "B", the Shareholder has no agreement or option, or right or privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase or acquisition by the Shareholder of any additional Company Shares or other securities of the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Shareholder has the sole right to sell and vote all the Deposited Shares and all the Deposited Shares will, at the time at which the Offeror takes up and pays for the Deposited Shares, be beneficially owned solely by the Shareholder with good and marketable title thereto, free and clear of any and all mortgages, liens, charges, restrictions, security interests, adverse claims, pledges, encumbrances and demands or rights of others of any nature or kind whatsoever;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no individual, firm or entity has any agreement or option, or any right or privilege&#160;&#160;(whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase, acquisition or transfer from the Shareholder of any of the Deposited Shares or any interest therein or right thereto, except the Offeror pursuant to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">none of the execution and delivery by the Shareholder of this Agreement, the completion or performance of the transactions contemplated hereby or the compliance by the Shareholder with the Shareholder's obligations hereunder will result in a breach of (i) any agreement or instrument to which the Shareholder is a party or by which the Shareholder or any of the Shareholder's property or assets are bound; (ii) to the knowledge of the Shareholder, any judgment, decree, order or award of any Regulatory Authority; or (iii) to the knowledge of the Shareholder, any law, statute, ordinance, regulation or rule relevant in the context of the Offer or this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(h)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">there are no legal proceedings in progress or pending before any Regulatory Authority or, to the knowledge of the Shareholder, threatened against the Shareholder or its affiliates that would adversely affect in any manner the ability of the Shareholder to enter into this Agreement and to perform its obligations hereunder or the title of the Shareholder to any of the Deposited Shares.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The representations and warranties of the Shareholder set forth in this Article 5 shall survive the completion of the purchase by the Offeror of the Deposited Shares under the</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;7 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Offer and, despite such completion, shall continue in full force and effect for the benefit of the Offeror for a period of one year thereafter, except for the representation and warranty set forth in clause (e) above, which shall survive indefinitely.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 6</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES OF THE OFFEROR</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">6.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Offeror represents and warrants to the Shareholder as follows and acknowledges that the Shareholder is relying upon these representations and warranties in connection with the entering into of this Agreement:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror is validly existing under the laws of British Columbia and has the requisite corporate power and authority to conduct its business as it is now being conducted and to enter into this Agreement and to perform its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the execution and delivery of this Agreement by the Offeror and the performance by it of its obligations hereunder have been duly authorized by its board of directors and no other corporate proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement has been duly executed and delivered by the Offeror and, assuming the due authorization, execution and delivery by the Shareholder, constitutes a legal, valid and binding obligation, enforceable by the Shareholder against the Offeror in accordance with its terms, subject, however, to limitations imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction is within the discretion of the court from which they are sought;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no authorization, consent, approval, licence, permit or order of, or registration, declaration or filing with, any third party or Regulatory Authority is required to be obtained or made by the Offeror in connection with the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby, except for such authorizations, consents, approvals and filings as to which the failure to obtain or make would not, individually or in the aggregate, prevent or materially delay consummation of the transactions contemplated by this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the common shares of the Offeror to be issued pursuant to the Offer will, when issued pursuant to the Offer, be duly and validly issued as fully paid and non-assessable common shares in the capital of the Offeror, and the Offeror has sufficient funds available to pay the Maximum Cash Consideration payable by the Offeror pursuant to the Offer.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The representations and warranties of the Offeror set forth in this Article 6 shall survive the completion of the purchase by the Offeror of the Deposited Shares under the Offer and, despite such completion, shall continue in full force and effect for the benefit of the Shareholder for a period of one year thereafter.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;8 -</font></font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 7</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">TERMINATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">7.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may be terminated:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">at any time by written agreement of the Offeror and the Shareholder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Shareholder upon notice to the Offeror, if:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror has not made the Offer within the time periods provided for in Section 2.1 of the Acquisition Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offer shall have expired or shall have been withdrawn in accordance with its terms without the Offeror having purchased any Company Shares pursuant to the Offer;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any representation or warranty of the Offeror contained herein is untrue or incorrect in any material respect and, in each case, such non-compliance or inaccuracy would reasonably be expected to prevent the completion of the Offer and is not curable or, if curable, is not cured by the earlier of the date that is five Business Days after the date of written notice of such breach and the Business day prior to the Expiry Time; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Acquisition Agreement has been terminated in accordance with its terms; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Offeror upon notice to the Shareholder, if:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Shareholder has not complied in all material respects with its covenants to the Offeror contained herein or therein;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any representation or warranty of the Shareholder contained herein is at the date hereof, or becomes at any time prior to the Expiry Time, untrue or incorrect in any material respect;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Acquisition Agreement has been terminated in accordance with its terms; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any of the conditions to the Offer is not satisfied or waived by the Offeror at or prior to the Expiry Time;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">provided, however, that any such termination shall not prejudice the rights of a party as a result of any breach by the other party of its obligations hereunder. Upon termination of this Agreement, the Shareholder shall be entitled to withdraw any of the Deposited Shares tendered under the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 8</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">DISCLOSURE</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">8.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Except as required by applicable Law or by any Regulatory Authority or in accordance with the requirements of any stock exchange, no party shall make any public</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;9 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">announcement or statement with respect to this Agreement without the approval of the other, which shall not be unreasonably withheld or delayed. The parties acknowledge and agree that this Agreement may be summarized in, referred to and/or annexed to any take-over bid circular in respect of the Offer or other disclosure document in connection with the Offer and in any public announcement or statement by the Offeror or the Company with respect thereto and will be publicly filed where required by applicable Law. A copy of this Agreement may be provided to the directors of the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 9</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">GENERAL</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the avoidance of doubt, nothing in this Agreement shall limit any person from fulfilling his or her fiduciary duties as a director or officer of the Company, however any such exercise of fiduciary duties by a director or officer of the Company shall not in any way diminish his or her obligations as a Shareholder under this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement shall become effective upon execution and delivery hereof by the Shareholder and Offeror.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder and the Offeror shall, from time to time, promptly execute and deliver all such further documents and instruments and do all such acts and things as the other party may reasonably require to effectively carry out the intent of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.4</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement shall not be assignable by any party without the prior written consent of the other party. This Agreement shall be binding upon and shall enure to the benefit of and be enforceable by each of the parties hereto and their respective heirs, executors, successors and permitted assigns, as applicable.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.5</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Time shall be of the essence of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.6</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Any notice or other communication required or permitted to be given hereunder shall be sufficiently given if in writing, delivered or sent by telecopier or facsimile transmission:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case of the Shareholder, to:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">[Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;[Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case of the Offeror, to:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold Inc.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">200 Bay Street, Royal Bank Plaza</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Suite 3120</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Toronto, Ontario M5J 2J4</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Brian Penny, Executive Vice President and Chief Financial Officer</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(416) 324-9494</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and with a copy to (which shall not constitute notice):</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">- 10 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Cassels Brock &amp; Blackwell LLP</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Suite 2100, Scotia Plaza</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">40 King Street West</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Toronto, Ontario</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">M5H 3C2</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Andrea FitzGerald</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(416) 640-3194</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">at such other address as the party to which such notice or other communication is to be given has last notified the party giving the same in the manner provided in this section,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and if so given shall be deemed to have been received on the date of such delivery or sending (or, if such day is not a Business Day, on the next following Business Day).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.7</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement and the rights and obligations of the parties hereto shall be governed by and construed in accordance with the laws of the Province of<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>British Columbia<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>and the federal laws of Canada applicable therein and the Shareholder and the Offeror irrevocably attorn to the jurisdiction of the courts of the Province of British Columbia.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.8</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder agrees with the Offeror that: (i) money damages would not be a sufficient remedy for any breach of this Agreement by the Shareholder; (ii) in addition to any other remedies at law or in equity that the Offeror may have, the Offeror shall be entitled to seek equitable relief, including injunction and specific performance, in addition to any other remedies available to it, in the event of any breach by the Shareholder of the provisions of this Agreement; and (iii) the Shareholder agrees that if it is a defendant or respondent it shall waive any requirement for the securing or posting of any bond in connection with such remedy. The Shareholder hereby consents to any preliminary applications for such relief to any court of competent jurisdiction. The Offeror shall be reimbursed for all costs and expenses, including reasonable legal fees, incurred in enforcing its obligations hereunder. Such remedies shall not be deemed to be exclusive remedies of the Offeror for the breach of this Agreement by the Shareholder but shall be in addition to all other remedies at law or in equity.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.9</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If any term or other provision of this Agreement is determined by a court of competent jurisdiction to be invalid, illegal or unenforceable in any respect, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not irremediably affected in any manner materially adverse to any party hereto. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties hereto as closely as possible in an acceptable manner to the end that transactions contemplated hereby are fulfilled according to their original tenor to the extent possible.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.10</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement constitutes the entire agreement and supersedes all other prior agreements and undertakings, both written and oral, among the parties with respect to the subject matter hereof.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;11 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.11</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may be executed in any number of counterparts and by facsimile (or other electronic transmission), each of which shall be deemed to be an original and all of which taken together shall be deemed to constitute one and the same instrument, and it shall not be necessary in making proof of this Agreement to produce more than one counterpart.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">[Signature Page Follows]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IN WITNESS WHEREOF the parties have executed this Agreement as of the date first written above.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td rowspan="4" valign="top" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td rowspan="4" valign="top" width="23%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NEW GOLD INC.</font></div>
</td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Signed &#8220;Brian Penny&#8221;</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Name:&#160;&#160; Brian Penny</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Title:&#160;&#160;&#160;&#160;&#160;Executive Vice President and Chief Financial Officer</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Irrevocably accepted and agreed to on May 30, 2013</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="2" valign="top" width="37%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SIGNED &amp; DELIVERED</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the presence of:</font></div>
</td>
<td rowspan="4" valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="40%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td valign="top" width="32%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" rowspan="3" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="4%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Signed &#8220;Leo Berezan&#8221;</font></div>
</td>
</tr><tr>
<td valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Witness</font></div>
</td>
<td valign="top" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Leo Berezan</font></div>
</td>
</tr><tr>
<td valign="top" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="32%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SCHEDULE "A"</font></div>
</td>
</tr></table>

<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OWNERSHIP OF COMMON SHARES OF RAINY RIVER RESOURCES LTD.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total number of Company Shares beneficially owned or controlled</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Registered holder if different from beneficial owner</font></div>
</td>
</tr><tr>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Leo Berezan</font></div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,334,048</font></div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-WEIGHT: bold">SCHEDULE "B"</font><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OWNERSHIP OF OPTIONS OF RAINY RIVER RESOURCES LTD.</font></div>
</td>
</tr></table>
</div>

<div align="center">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
</table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total number of Options owned</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Leo Berezan</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">605,000</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div>&#160;</div>

<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
<hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.5
<SEQUENCE>10
<FILENAME>a13-14720_1ex2d5.htm
<DESCRIPTION>EX-2.5
<TEXT>
<html>
<head>

    <!--Licensed to: New Gold Inc.-->
    <!--Document Created using EDGARizer 2020 5.4.5.0-->
    <!--Copyright 1995 - 2013 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
<hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
</div>

<div style="TEXT-ALIGN: right">Exhibit 2.5</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div><br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">LOCK-UP AGREEMENT</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">THIS AGREEMENT</font> made the 30th day of May, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">B E T W E E N:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NICHOLAS NIKOLAKAKIS</font>, a businessman residing at, [Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(hereinafter called the "<font style="DISPLAY: inline; FONT-WEIGHT: bold"> Shareholder</font>"),</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- and -</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NEW GOLD INC.</font>, a corporation existing under the laws of the Province of British Columbia,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(hereinafter called the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offeror</font>").</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">WHEREAS</font> the Shareholder is the registered and/or direct or indirect beneficial owner of Company Shares (as hereinafter defined) and options to purchase Company Shares (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Options</font>") of Rainy River Resources Ltd.<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>(the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company</font>"), as more particularly described herein;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> the Offeror is concurrently herewith entering into an Acquisition Agreement (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Acquisition Agreement</font>") with the Company which provides for, among other things, the Offeror making a take-over bid (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offer</font>") to acquire all of the issued and outstanding Company Shares, including all Company Shares that may be issued under outstanding options, warrants or other rights to purchase Company Shares, for consideration per Company Share of, at the election of each of the holders of Company Shares, either (i) Cdn.$3.83 in cash, or (ii) 0.5 of a common share of the Offeror, subject to proration as provided in the Acquisition Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> this Agreement sets out the terms and conditions of the agreement of the Shareholder (i) to tender, or cause to be tendered, to the Offer all Company Shares, including any Company Shares issued pursuant to any Option or other convertible security of the Company, directly or indirectly beneficially owned, or over which control or <font style="BACKGROUND-COLOR: #ffffff; DISPLAY: inline">direction is directly or indirectly exercised, by the Shareholder at any time from the date hereof to and including the Expiry Time</font> (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Deposited Shares</font>"), and (ii) to abide by the restrictions and covenants set forth herein;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> the Offeror is relying on the covenants, representations and warranties of the Shareholder set forth in this Agreement in connection with the Offeror's execution and delivery of the Acquisition Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NOW THEREFORE</font> this Agreement witnesses that, in consideration of the premises and the covenants and agreements herein contained, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged by the parties, the parties hereto agree as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 2 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 1</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">INTERPRETATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All capitalized terms used but not otherwise defined herein shall have the respective meaning ascribed to them in the Acquisition Agreement. All references herein to the Acquisition Agreement or any portion thereof refer to the Acquisition Agreement as amended, modified, restated or waived.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In this Agreement, unless otherwise expressly stated or the context otherwise requires:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to "herein", "hereby", "hereunder", "hereof" and similar expressions are references to this Agreement and not to any particular Article, Section or clause of or Schedule to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to an "Article", a "Section", a "clause" or a "Schedule" are references to an Article, a Section or a clause of or a Schedule to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the use of headings is for convenience of reference only and shall not affect the construction or interpretation hereof;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">if the date on which any action is required to be taken hereunder by any of the parties is not a Business Day, such action shall be required to be taken on the next succeeding day that is a Business Day;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a period of Business Days is to be computed as beginning on the day following the event that began the period and ending at 4:30 p.m. (Toronto time) on the last day of the period if the period is a Business Day or at 4:30 p.m. (Toronto time) on the next Business Day if the last day of the period does not fall on a Business Day;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the terms "material" and "materially" shall, when used in this Agreement, be construed, measured or assessed on the basis of whether the matter would materially affect a party and its subsidiaries, taken as a whole; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">wherever the term "includes" or "including" is used, it shall be deemed to mean "includes, without limitation" or "including, without limitation", respectively.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">References to the "knowledge of the Shareholder" mean the actual knowledge or awareness, after due inquiry, of the Shareholder or, if applicable, any senior officer of the Shareholder, and includes the knowledge that such Shareholder or senior officer, as applicable, would have, assuming they made an enquiry that is reasonable in the circumstances of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 2</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">THE OFFER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Subject to Section 2.2, the Offeror hereby agrees and confirms to the Shareholder that the Offeror shall make the Offer, or cause the Offer to be made, in accordance with the terms and subject to the conditions set forth in the Acquisition Agreement and shall take up and pay for all Company Shares tendered under the Offer, including all Deposited Shares, as soon as reasonably possible and in any event not later than three (3)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;3 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Business Days following the time at which the Offeror becomes first entitled pursuant to applicable securities Law to take up such Company Shares in accordance with the terms and subject to the conditions of the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The obligation of the Offeror to make the Offer or cause the Offer to be made shall be subject to the conditions set forth in the Acquisition Agreement. The obligation of the Offeror under the Offer to take up and pay for Company Shares deposited to the Offer and not withdrawn shall not be subject to any conditions, save and except the conditions set out in Schedule A of the Acquisition Agreement. The Offeror may, in its sole discretion, modify or waive any term or condition of the Offer in accordance with the Acquisition Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 3</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CERTAIN COVENANTS OF THE SHAREHOLDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants and irrevocably agrees that it shall, from the date hereof until the earlier of (i) the termination of this Agreement pursuant to Article 7, and (ii) the Expiry Time, except in accordance with the terms of this Agreement:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not, directly or indirectly through any of its Representatives, (i) solicit, assist, initiate, knowingly encourage or facilitate (including by way of discussion, negotiation, furnishing information, permitting any visit to any facilities or properties of the Company or the Company Subsidiary, or entering into any form of written or oral agreement, arrangement or understanding) any inquiries, proposals or offers regarding, or that may reasonably be expected to lead to, any Acquisition Proposal, (ii) engage or participate in any discussions or negotiations regarding, or provide any information with respect to or otherwise cooperate with any person (other than the Offeror and its Representatives) regarding, any Acquisition Proposal or potential Acquisition Proposal, (iii) accept or enter into, or publicly propose to accept or enter into, any letter of intent, agreement in principle, agreement, arrangement or undertaking related to any Acquisition Proposal, (iv) provide any information relating to the Company to any person or group in connection with any Acquisition Proposal, or (v) otherwise co-operate in any way with any effort or attempt by any other person or group to do or seek to do any of the foregoing; provided, however, that nothing contained in this Section 3.1 or other provisions of this Agreement shall prevent the Shareholder, if a member of the board of directors of the Company or a senior officer of the Company, from engaging in discussions or negotiations with or furnishing information to, in the Shareholder's capacity as a director or senior officer of the Company, any person in response to an unsolicited <font style="FONT-STYLE: italic; DISPLAY: inline">bona fide</font> Acquisition Proposal made in writing to the board of directors of the Company by such person (which Acquisition Proposal did not result from a breach of this Agreement or the Acquisition Agreement) in circumstances where the Company is permitted by Section 6.3 of the Acquisition Agreement to engage in such discussions or negotiations or furnish such information;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">immediately cease and cause to be terminated all existing solicitation, discussion, negotiation, encouragement or activity, if any, with any person or group or any agent or representative of any person or group conducted before the date of this Agreement with respect to any Acquisition Proposal or any potential Acquisition Proposal;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;4 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">promptly (and in any event within 24 hours following receipt or knowledge) notify the Offeror of any proposal, inquiry, offer or request relating to, or of discussions or negotiations in respect of, an Acquisition Proposal or potential Acquisition Proposal or any proposal, inquiry, offer or request or discussions or negotiations that could reasonably lead or be expected to lead to an Acquisition Proposal of which the Shareholder becomes, directly or indirectly, aware. Such notification shall be made first orally and then in writing and shall include a description of the material terms and conditions together with a copy of all documentation relating to any such proposal, inquiry, offer or request or discussions or negotiations within the Shareholder's possession;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not option, sell, transfer, pledge, encumber, grant a security interest in, hypothecate or otherwise convey or enter into any forward sale, repurchase agreement or other monetization transaction with respect to any of the Deposited Shares, or any right or interest therein (legal or equitable), to or with any person or group or agree to do any of the foregoing;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not grant or agree to grant any proxy, power of attorney or other right to vote the Deposited Shares, or enter into any voting, voting trust, vote pooling or other agreement with respect to the right to vote, call meetings of securityholders or give consents or approval of any kind with respect to any of the Deposited Shares;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not requisition or join in any requisition of any meeting of securityholders of the Company without the prior written consent of the Offeror, or vote or cause to be voted any of the Deposited Shares in respect of any proposed action by the Company or its Shareholders or affiliates or any other person or group in a manner which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not do indirectly that which it may not do directly by the terms of this Article 3 or take any other action of any kind, directly or indirectly, which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants to exercise or surrender any Options held by the Shareholder prior to or as of the Expiry Time so that the Shareholder will hold no Options as of the Expiry Time, in accordance with the terms of the Acquisition Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 4</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">AGREEMENT TO TENDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants and agrees that if the Offeror makes the Offer in compliance with Article 2 and the Acquisition Agreement, the Shareholder shall, within 14 days of the mailing of the Offer Circular, irrevocably deposit or cause to be irrevocably deposited with the depositary under the Offer in acceptance of the Offer all of the Deposited Shares in accordance with the terms of the Offer, and thereafter the Shareholder shall not withdraw or take any action to withdraw any of the Deposited</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;5 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Shares deposited under the Offer (notwithstanding any statutory rights, rights under the terms of the Offer or rights which the Shareholder might otherwise have) except upon the termination of this Agreement in accordance with its terms. Subject to this Section 4.1, for greater certainty, in respect of Company Shares that are to be issued upon the exercise of Options, the Shareholder shall, within 14 days of the mailing of the Offer Circular, irrevocably direct the depositary under the Offer that, upon the issue of such Company Shares immediately before the Expiry Time of the Offer, such Company Shares are to be deposited to the Offer and it is understood and agreed that, upon such direction, such Company Shares will be treated as having been deposited in accordance with this Agreement.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For greater certainty, for the purposes of this Agreement, the term "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company Shares</font>" shall include all the common shares, including all the common shares issued under outstanding Options, of the Company and shall include all shares or other securities into or for which the Company Shares may be converted, exchanged or otherwise changed pursuant to any reorganization, merger, amalgamation or other transaction involving the Company prior to the acquisition of the Deposited Shares by the Offeror under the Offer.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If (i) the Offeror concludes after the date of this Agreement that it is necessary or desirable to proceed with a form of transaction other than the Offer (such as a plan of arrangement or amalgamation) whereby the Offeror and/or its affiliates would effectively acquire all the Company Shares on economic and other terms and conditions (including, without limitation, tax treatment) having consequences to the Shareholder that are equivalent to or better than those contemplated by this Agreement and the Acquisition Agreement (any such transaction is referred to as an "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Alternative Transaction</font>"), and (ii) the Board recommends that Shareholders approve or support the Alternative Transaction, then the Shareholder agrees to support the completion of the Alternative Transaction in the same manner as the Offer, including, if necessary, by voting the Deposited Shares in favour of a special resolution approving the Alternative Transaction.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 5</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES OF THE SHAREHOLDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">5.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder represents and warrants to the Offeror as follows and acknowledges that the Offeror is relying upon these representations and warranties in connection with the entering into of this Agreement and the Acquisition Agreement and the purchase by the Offeror of the Deposited Shares under the Offer:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case that the Shareholder is not an individual, the Shareholder is validly existing under the laws of its jurisdiction of formation and has the requisite power and authority to conduct its business as it is now being conducted and to enter into this Agreement and to perform its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case that the Shareholder is not an individual, the execution and delivery of this Agreement by the Shareholder and the performance by it of its obligations hereunder have been duly authorized by its board of directors (or equivalent body) and no other proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement has been duly executed and delivered by the Shareholder and, assuming the due authorization, execution and delivery by the Offeror,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;6 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">constitutes a legal, valid and binding obligation, enforceable by the Offeror against the Shareholder in accordance with its terms, subject, however, to limitations imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction is within the discretion of the court from which they are sought;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i) the Shareholder is the sole registered and/or direct or indirect beneficial owner of the number of Company Shares listed opposite the Shareholder's name on Schedule "A" and is the sole legal and beneficial owner of the number of Options listed opposite the Shareholder's name on Schedule "B"; (ii) the only Company Shares or other securities of the Company directly or indirectly beneficially owned, or over which control or direction is directly or indirectly exercised, by the Shareholder are those listed opposite the Shareholder's name on Schedule "A" and Schedule "B"; and (iii) except as listed on Schedule "B", the Shareholder has no agreement or option, or right or privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase or acquisition by the Shareholder of any additional Company Shares or other securities of the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Shareholder has the sole right to sell and vote all the Deposited Shares and all the Deposited Shares will, at the time at which the Offeror takes up and pays for the Deposited Shares, be beneficially owned solely by the Shareholder with good and marketable title thereto, free and clear of any and all mortgages, liens, charges, restrictions, security interests, adverse claims, pledges, encumbrances and demands or rights of others of any nature or kind whatsoever;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no individual, firm or entity has any agreement or option, or any right or privilege&#160;&#160;(whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase, acquisition or transfer from the Shareholder of any of the Deposited Shares or any interest therein or right thereto, except the Offeror pursuant to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">none of the execution and delivery by the Shareholder of this Agreement, the completion or performance of the transactions contemplated hereby or the compliance by the Shareholder with the Shareholder's obligations hereunder will result in a breach of (i) any agreement or instrument to which the Shareholder is a party or by which the Shareholder or any of the Shareholder's property or assets are bound; (ii) to the knowledge of the Shareholder, any judgment, decree, order or award of any Regulatory Authority; or (iii) to the knowledge of the Shareholder, any law, statute, ordinance, regulation or rule relevant in the context of the Offer or this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(h)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">there are no legal proceedings in progress or pending before any Regulatory Authority or, to the knowledge of the Shareholder, threatened against the Shareholder or its affiliates that would adversely affect in any manner the ability of the Shareholder to enter into this Agreement and to perform its obligations hereunder or the title of the Shareholder to any of the Deposited Shares.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The representations and warranties of the Shareholder set forth in this Article 5 shall survive the completion of the purchase by the Offeror of the Deposited Shares under the</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;7 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Offer and, despite such completion, shall continue in full force and effect for the benefit of the Offeror for a period of one year thereafter, except for the representation and warranty set forth in clause (e) above, which shall survive indefinitely.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 6</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES OF THE OFFEROR</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">6.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Offeror represents and warrants to the Shareholder as follows and acknowledges that the Shareholder is relying upon these representations and warranties in connection with the entering into of this Agreement:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror is validly existing under the laws of British Columbia and has the requisite corporate power and authority to conduct its business as it is now being conducted and to enter into this Agreement and to perform its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the execution and delivery of this Agreement by the Offeror and the performance by it of its obligations hereunder have been duly authorized by its board of directors and no other corporate proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement has been duly executed and delivered by the Offeror and, assuming the due authorization, execution and delivery by the Shareholder, constitutes a legal, valid and binding obligation, enforceable by the Shareholder against the Offeror in accordance with its terms, subject, however, to limitations imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction is within the discretion of the court from which they are sought;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no authorization, consent, approval, licence, permit or order of, or registration, declaration or filing with, any third party or Regulatory Authority is required to be obtained or made by the Offeror in connection with the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby, except for such authorizations, consents, approvals and filings as to which the failure to obtain or make would not, individually or in the aggregate, prevent or materially delay consummation of the transactions contemplated by this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the common shares of the Offeror to be issued pursuant to the Offer will, when issued pursuant to the Offer, be duly and validly issued as fully paid and non-assessable common shares in the capital of the Offeror, and the Offeror has sufficient funds available to pay the Maximum Cash Consideration payable by the Offeror pursuant to the Offer.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The representations and warranties of the Offeror set forth in this Article 6 shall survive the completion of the purchase by the Offeror of the Deposited Shares under the Offer and, despite such completion, shall continue in full force and effect for the benefit of the Shareholder for a period of one year thereafter.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;8 -</font></font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 7</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">TERMINATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">7.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may be terminated:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">at any time by written agreement of the Offeror and the Shareholder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Shareholder upon notice to the Offeror, if:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror has not made the Offer within the time periods provided for in Section 2.1 of the Acquisition Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offer shall have expired or shall have been withdrawn in accordance with its terms without the Offeror having purchased any Company Shares pursuant to the Offer;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any representation or warranty of the Offeror contained herein is untrue or incorrect in any material respect and, in each case, such non-compliance or inaccuracy would reasonably be expected to prevent the completion of the Offer and is not curable or, if curable, is not cured by the earlier of the date that is five Business Days after the date of written notice of such breach and the Business day prior to the Expiry Time; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Acquisition Agreement has been terminated in accordance with its terms; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Offeror upon notice to the Shareholder, if:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Shareholder has not complied in all material respects with its covenants to the Offeror contained herein or therein;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any representation or warranty of the Shareholder contained herein is at the date hereof, or becomes at any time prior to the Expiry Time, untrue or incorrect in any material respect;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Acquisition Agreement has been terminated in accordance with its terms; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any of the conditions to the Offer is not satisfied or waived by the Offeror at or prior to the Expiry Time;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">provided, however, that any such termination shall not prejudice the rights of a party as a result of any breach by the other party of its obligations hereunder. Upon termination of this Agreement, the Shareholder shall be entitled to withdraw any of the Deposited Shares tendered under the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 8</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">DISCLOSURE</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">8.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Except as required by applicable Law or by any Regulatory Authority or in accordance with the requirements of any stock exchange, no party shall make any public</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;9 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">announcement or statement with respect to this Agreement without the approval of the other, which shall not be unreasonably withheld or delayed. The parties acknowledge and agree that this Agreement may be summarized in, referred to and/or annexed to any take-over bid circular in respect of the Offer or other disclosure document in connection with the Offer and in any public announcement or statement by the Offeror or the Company with respect thereto and will be publicly filed where required by applicable Law. A copy of this Agreement may be provided to the directors of the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 9</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">GENERAL</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the avoidance of doubt, nothing in this Agreement shall limit any person from fulfilling his or her fiduciary duties as a director or officer of the Company, however any such exercise of fiduciary duties by a director or officer of the Company shall not in any way diminish his or her obligations as a Shareholder under this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement shall become effective upon execution and delivery hereof by the Shareholder and Offeror.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder and the Offeror shall, from time to time, promptly execute and deliver all such further documents and instruments and do all such acts and things as the other party may reasonably require to effectively carry out the intent of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.4</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement shall not be assignable by any party without the prior written consent of the other party. This Agreement shall be binding upon and shall enure to the benefit of and be enforceable by each of the parties hereto and their respective heirs, executors, successors and permitted assigns, as applicable.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.5</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Time shall be of the essence of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.6</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Any notice or other communication required or permitted to be given hereunder shall be sufficiently given if in writing, delivered or sent by telecopier or facsimile transmission:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case of the Shareholder, to:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">[Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;[Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case of the Offeror, to:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold Inc.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">200 Bay Street, Royal Bank Plaza</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Suite 3120</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Toronto, Ontario M5J 2J4</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Brian Penny, Executive Vice President and Chief Financial Officer</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(416) 324-9494</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and with a copy to (which shall not constitute notice):</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">- 10 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Cassels Brock &amp; Blackwell LLP</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Suite 2100, Scotia Plaza</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">40 King Street West</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Toronto, Ontario</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">M5H 3C2</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Andrea FitzGerald</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(416) 640-3194</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">at such other address as the party to which such notice or other communication is to be given has last notified the party giving the same in the manner provided in this section,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and if so given shall be deemed to have been received on the date of such delivery or sending (or, if such day is not a Business Day, on the next following Business Day).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.7</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement and the rights and obligations of the parties hereto shall be governed by and construed in accordance with the laws of the Province of<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>British Columbia<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>and the federal laws of Canada applicable therein and the Shareholder and the Offeror irrevocably attorn to the jurisdiction of the courts of the Province of British Columbia.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.8</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder agrees with the Offeror that: (i) money damages would not be a sufficient remedy for any breach of this Agreement by the Shareholder; (ii) in addition to any other remedies at law or in equity that the Offeror may have, the Offeror shall be entitled to seek equitable relief, including injunction and specific performance, in addition to any other remedies available to it, in the event of any breach by the Shareholder of the provisions of this Agreement; and (iii) the Shareholder agrees that if it is a defendant or respondent it shall waive any requirement for the securing or posting of any bond in connection with such remedy. The Shareholder hereby consents to any preliminary applications for such relief to any court of competent jurisdiction. The Offeror shall be reimbursed for all costs and expenses, including reasonable legal fees, incurred in enforcing its obligations hereunder. Such remedies shall not be deemed to be exclusive remedies of the Offeror for the breach of this Agreement by the Shareholder but shall be in addition to all other remedies at law or in equity.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.9</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If any term or other provision of this Agreement is determined by a court of competent jurisdiction to be invalid, illegal or unenforceable in any respect, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not irremediably affected in any manner materially adverse to any party hereto. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties hereto as closely as possible in an acceptable manner to the end that transactions contemplated hereby are fulfilled according to their original tenor to the extent possible.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.10</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement constitutes the entire agreement and supersedes all other prior agreements and undertakings, both written and oral, among the parties with respect to the subject matter hereof.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;11 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.11</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may be executed in any number of counterparts and by facsimile (or other electronic transmission), each of which shall be deemed to be an original and all of which taken together shall be deemed to constitute one and the same instrument, and it shall not be necessary in making proof of this Agreement to produce more than one counterpart.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">[Signature Page Follows]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IN WITNESS WHEREOF the parties have executed this Agreement as of the date first written above.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td rowspan="4" valign="top" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td rowspan="4" valign="top" width="23%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NEW GOLD INC.</font></div>
</td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Signed &#8220;Brian Penny&#8221;</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Name:&#160;&#160; Brian Penny</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Title:&#160;&#160;&#160;&#160;&#160;Executive Vice President and Chief Financial Officer</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Irrevocably accepted and agreed to on May 30, 2013</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="2" valign="top" width="37%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SIGNED &amp; DELIVERED</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the presence of:</font></div>
</td>
<td rowspan="4" valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="40%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td valign="top" width="32%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" rowspan="3" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="4%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Signed &#8220;Nicholas Nikolakakis&#8221;</font></div>
</td>
</tr><tr>
<td valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Witness</font></div>
</td>
<td valign="top" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Nicholas Nikolakakis</font></div>
</td>
</tr><tr>
<td valign="top" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="32%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SCHEDULE "A"</font></div>
</td>
</tr></table>

<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OWNERSHIP OF COMMON SHARES OF RAINY RIVER RESOURCES LTD.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total number of Company Shares beneficially owned or controlled</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Registered holder if different from beneficial owner</font></div>
</td>
</tr><tr>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nicholas Nikolakakis</font></div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,417</font></div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-WEIGHT: bold">SCHEDULE "B"</font><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OWNERSHIP OF OPTIONS OF RAINY RIVER RESOURCES LTD.</font></div>
</td>
</tr></table>
</div>

<div align="center">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
</table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total number of Options owned</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nicholas Nikolakakis</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">925,000</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div>&#160;</div>

<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
<hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.6
<SEQUENCE>11
<FILENAME>a13-14720_1ex2d6.htm
<DESCRIPTION>EX-2.6
<TEXT>
<html>
<head>

    <!--Licensed to: New Gold Inc.-->
    <!--Document Created using EDGARizer 2020 5.4.5.0-->
    <!--Copyright 1995 - 2013 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
<hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
</div>

<div style="TEXT-ALIGN: right">Exhibit 2.6</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div><br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">LOCK-UP AGREEMENT</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">THIS AGREEMENT</font> made the 30th day of May, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">B E T W E E N:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">MICHAEL MUTCHLER</font>, a businessman residing at, [Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(hereinafter called the "<font style="DISPLAY: inline; FONT-WEIGHT: bold"> Shareholder</font>"),</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- and -</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NEW GOLD INC.</font>, a corporation existing under the laws of the Province of British Columbia,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(hereinafter called the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offeror</font>").</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">WHEREAS</font> the Shareholder is the registered and/or direct or indirect beneficial owner of Company Shares (as hereinafter defined) and options to purchase Company Shares (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Options</font>") of Rainy River Resources Ltd.<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>(the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company</font>"), as more particularly described herein;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> the Offeror is concurrently herewith entering into an Acquisition Agreement (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Acquisition Agreement</font>") with the Company which provides for, among other things, the Offeror making a take-over bid (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offer</font>") to acquire all of the issued and outstanding Company Shares, including all Company Shares that may be issued under outstanding options, warrants or other rights to purchase Company Shares, for consideration per Company Share of, at the election of each of the holders of Company Shares, either (i) Cdn.$3.83 in cash, or (ii) 0.5 of a common share of the Offeror, subject to proration as provided in the Acquisition Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> this Agreement sets out the terms and conditions of the agreement of the Shareholder (i) to tender, or cause to be tendered, to the Offer all Company Shares, including any Company Shares issued pursuant to any Option or other convertible security of the Company, directly or indirectly beneficially owned, or over which control or <font style="BACKGROUND-COLOR: #ffffff; DISPLAY: inline">direction is directly or indirectly exercised, by the Shareholder at any time from the date hereof to and including the Expiry Time</font> (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Deposited Shares</font>"), and (ii) to abide by the restrictions and covenants set forth herein;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> the Offeror is relying on the covenants, representations and warranties of the Shareholder set forth in this Agreement in connection with the Offeror's execution and delivery of the Acquisition Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NOW THEREFORE</font> this Agreement witnesses that, in consideration of the premises and the covenants and agreements herein contained, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged by the parties, the parties hereto agree as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 2 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 1</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">INTERPRETATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All capitalized terms used but not otherwise defined herein shall have the respective meaning ascribed to them in the Acquisition Agreement. All references herein to the Acquisition Agreement or any portion thereof refer to the Acquisition Agreement as amended, modified, restated or waived.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In this Agreement, unless otherwise expressly stated or the context otherwise requires:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to "herein", "hereby", "hereunder", "hereof" and similar expressions are references to this Agreement and not to any particular Article, Section or clause of or Schedule to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to an "Article", a "Section", a "clause" or a "Schedule" are references to an Article, a Section or a clause of or a Schedule to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the use of headings is for convenience of reference only and shall not affect the construction or interpretation hereof;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">if the date on which any action is required to be taken hereunder by any of the parties is not a Business Day, such action shall be required to be taken on the next succeeding day that is a Business Day;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a period of Business Days is to be computed as beginning on the day following the event that began the period and ending at 4:30 p.m. (Toronto time) on the last day of the period if the period is a Business Day or at 4:30 p.m. (Toronto time) on the next Business Day if the last day of the period does not fall on a Business Day;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the terms "material" and "materially" shall, when used in this Agreement, be construed, measured or assessed on the basis of whether the matter would materially affect a party and its subsidiaries, taken as a whole; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">wherever the term "includes" or "including" is used, it shall be deemed to mean "includes, without limitation" or "including, without limitation", respectively.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">References to the "knowledge of the Shareholder" mean the actual knowledge or awareness, after due inquiry, of the Shareholder or, if applicable, any senior officer of the Shareholder, and includes the knowledge that such Shareholder or senior officer, as applicable, would have, assuming they made an enquiry that is reasonable in the circumstances of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 2</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">THE OFFER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Subject to Section 2.2, the Offeror hereby agrees and confirms to the Shareholder that the Offeror shall make the Offer, or cause the Offer to be made, in accordance with the terms and subject to the conditions set forth in the Acquisition Agreement and shall take up and pay for all Company Shares tendered under the Offer, including all Deposited Shares, as soon as reasonably possible and in any event not later than three (3)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;3 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Business Days following the time at which the Offeror becomes first entitled pursuant to applicable securities Law to take up such Company Shares in accordance with the terms and subject to the conditions of the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The obligation of the Offeror to make the Offer or cause the Offer to be made shall be subject to the conditions set forth in the Acquisition Agreement. The obligation of the Offeror under the Offer to take up and pay for Company Shares deposited to the Offer and not withdrawn shall not be subject to any conditions, save and except the conditions set out in Schedule A of the Acquisition Agreement. The Offeror may, in its sole discretion, modify or waive any term or condition of the Offer in accordance with the Acquisition Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 3</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CERTAIN COVENANTS OF THE SHAREHOLDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants and irrevocably agrees that it shall, from the date hereof until the earlier of (i) the termination of this Agreement pursuant to Article 7, and (ii) the Expiry Time, except in accordance with the terms of this Agreement:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not, directly or indirectly through any of its Representatives, (i) solicit, assist, initiate, knowingly encourage or facilitate (including by way of discussion, negotiation, furnishing information, permitting any visit to any facilities or properties of the Company or the Company Subsidiary, or entering into any form of written or oral agreement, arrangement or understanding) any inquiries, proposals or offers regarding, or that may reasonably be expected to lead to, any Acquisition Proposal, (ii) engage or participate in any discussions or negotiations regarding, or provide any information with respect to or otherwise cooperate with any person (other than the Offeror and its Representatives) regarding, any Acquisition Proposal or potential Acquisition Proposal, (iii) accept or enter into, or publicly propose to accept or enter into, any letter of intent, agreement in principle, agreement, arrangement or undertaking related to any Acquisition Proposal, (iv) provide any information relating to the Company to any person or group in connection with any Acquisition Proposal, or (v) otherwise co-operate in any way with any effort or attempt by any other person or group to do or seek to do any of the foregoing; provided, however, that nothing contained in this Section 3.1 or other provisions of this Agreement shall prevent the Shareholder, if a member of the board of directors of the Company or a senior officer of the Company, from engaging in discussions or negotiations with or furnishing information to, in the Shareholder's capacity as a director or senior officer of the Company, any person in response to an unsolicited <font style="FONT-STYLE: italic; DISPLAY: inline">bona fide</font> Acquisition Proposal made in writing to the board of directors of the Company by such person (which Acquisition Proposal did not result from a breach of this Agreement or the Acquisition Agreement) in circumstances where the Company is permitted by Section 6.3 of the Acquisition Agreement to engage in such discussions or negotiations or furnish such information;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">immediately cease and cause to be terminated all existing solicitation, discussion, negotiation, encouragement or activity, if any, with any person or group or any agent or representative of any person or group conducted before the date of this Agreement with respect to any Acquisition Proposal or any potential Acquisition Proposal;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;4 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">promptly (and in any event within 24 hours following receipt or knowledge) notify the Offeror of any proposal, inquiry, offer or request relating to, or of discussions or negotiations in respect of, an Acquisition Proposal or potential Acquisition Proposal or any proposal, inquiry, offer or request or discussions or negotiations that could reasonably lead or be expected to lead to an Acquisition Proposal of which the Shareholder becomes, directly or indirectly, aware. Such notification shall be made first orally and then in writing and shall include a description of the material terms and conditions together with a copy of all documentation relating to any such proposal, inquiry, offer or request or discussions or negotiations within the Shareholder's possession;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not option, sell, transfer, pledge, encumber, grant a security interest in, hypothecate or otherwise convey or enter into any forward sale, repurchase agreement or other monetization transaction with respect to any of the Deposited Shares, or any right or interest therein (legal or equitable), to or with any person or group or agree to do any of the foregoing;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not grant or agree to grant any proxy, power of attorney or other right to vote the Deposited Shares, or enter into any voting, voting trust, vote pooling or other agreement with respect to the right to vote, call meetings of securityholders or give consents or approval of any kind with respect to any of the Deposited Shares;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not requisition or join in any requisition of any meeting of securityholders of the Company without the prior written consent of the Offeror, or vote or cause to be voted any of the Deposited Shares in respect of any proposed action by the Company or its Shareholders or affiliates or any other person or group in a manner which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not do indirectly that which it may not do directly by the terms of this Article 3 or take any other action of any kind, directly or indirectly, which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants to exercise or surrender any Options held by the Shareholder prior to or as of the Expiry Time so that the Shareholder will hold no Options as of the Expiry Time, in accordance with the terms of the Acquisition Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 4</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">AGREEMENT TO TENDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants and agrees that if the Offeror makes the Offer in compliance with Article 2 and the Acquisition Agreement, the Shareholder shall, within 14 days of the mailing of the Offer Circular, irrevocably deposit or cause to be irrevocably deposited with the depositary under the Offer in acceptance of the Offer all of the Deposited Shares in accordance with the terms of the Offer, and thereafter the Shareholder shall not withdraw or take any action to withdraw any of the Deposited</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;5 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Shares deposited under the Offer (notwithstanding any statutory rights, rights under the terms of the Offer or rights which the Shareholder might otherwise have) except upon the termination of this Agreement in accordance with its terms. Subject to this Section 4.1, for greater certainty, in respect of Company Shares that are to be issued upon the exercise of Options, the Shareholder shall, within 14 days of the mailing of the Offer Circular, irrevocably direct the depositary under the Offer that, upon the issue of such Company Shares immediately before the Expiry Time of the Offer, such Company Shares are to be deposited to the Offer and it is understood and agreed that, upon such direction, such Company Shares will be treated as having been deposited in accordance with this Agreement.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For greater certainty, for the purposes of this Agreement, the term "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company Shares</font>" shall include all the common shares, including all the common shares issued under outstanding Options, of the Company and shall include all shares or other securities into or for which the Company Shares may be converted, exchanged or otherwise changed pursuant to any reorganization, merger, amalgamation or other transaction involving the Company prior to the acquisition of the Deposited Shares by the Offeror under the Offer.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If (i) the Offeror concludes after the date of this Agreement that it is necessary or desirable to proceed with a form of transaction other than the Offer (such as a plan of arrangement or amalgamation) whereby the Offeror and/or its affiliates would effectively acquire all the Company Shares on economic and other terms and conditions (including, without limitation, tax treatment) having consequences to the Shareholder that are equivalent to or better than those contemplated by this Agreement and the Acquisition Agreement (any such transaction is referred to as an "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Alternative Transaction</font>"), and (ii) the Board recommends that Shareholders approve or support the Alternative Transaction, then the Shareholder agrees to support the completion of the Alternative Transaction in the same manner as the Offer, including, if necessary, by voting the Deposited Shares in favour of a special resolution approving the Alternative Transaction.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 5</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES OF THE SHAREHOLDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">5.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder represents and warrants to the Offeror as follows and acknowledges that the Offeror is relying upon these representations and warranties in connection with the entering into of this Agreement and the Acquisition Agreement and the purchase by the Offeror of the Deposited Shares under the Offer:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case that the Shareholder is not an individual, the Shareholder is validly existing under the laws of its jurisdiction of formation and has the requisite power and authority to conduct its business as it is now being conducted and to enter into this Agreement and to perform its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case that the Shareholder is not an individual, the execution and delivery of this Agreement by the Shareholder and the performance by it of its obligations hereunder have been duly authorized by its board of directors (or equivalent body) and no other proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement has been duly executed and delivered by the Shareholder and, assuming the due authorization, execution and delivery by the Offeror,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;6 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">constitutes a legal, valid and binding obligation, enforceable by the Offeror against the Shareholder in accordance with its terms, subject, however, to limitations imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction is within the discretion of the court from which they are sought;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i) the Shareholder is the sole registered and/or direct or indirect beneficial owner of the number of Company Shares listed opposite the Shareholder's name on Schedule "A" and is the sole legal and beneficial owner of the number of Options listed opposite the Shareholder's name on Schedule "B"; (ii) the only Company Shares or other securities of the Company directly or indirectly beneficially owned, or over which control or direction is directly or indirectly exercised, by the Shareholder are those listed opposite the Shareholder's name on Schedule "A" and Schedule "B"; and (iii) except as listed on Schedule "B", the Shareholder has no agreement or option, or right or privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase or acquisition by the Shareholder of any additional Company Shares or other securities of the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Shareholder has the sole right to sell and vote all the Deposited Shares and all the Deposited Shares will, at the time at which the Offeror takes up and pays for the Deposited Shares, be beneficially owned solely by the Shareholder with good and marketable title thereto, free and clear of any and all mortgages, liens, charges, restrictions, security interests, adverse claims, pledges, encumbrances and demands or rights of others of any nature or kind whatsoever;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no individual, firm or entity has any agreement or option, or any right or privilege&#160;&#160;(whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase, acquisition or transfer from the Shareholder of any of the Deposited Shares or any interest therein or right thereto, except the Offeror pursuant to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">none of the execution and delivery by the Shareholder of this Agreement, the completion or performance of the transactions contemplated hereby or the compliance by the Shareholder with the Shareholder's obligations hereunder will result in a breach of (i) any agreement or instrument to which the Shareholder is a party or by which the Shareholder or any of the Shareholder's property or assets are bound; (ii) to the knowledge of the Shareholder, any judgment, decree, order or award of any Regulatory Authority; or (iii) to the knowledge of the Shareholder, any law, statute, ordinance, regulation or rule relevant in the context of the Offer or this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(h)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">there are no legal proceedings in progress or pending before any Regulatory Authority or, to the knowledge of the Shareholder, threatened against the Shareholder or its affiliates that would adversely affect in any manner the ability of the Shareholder to enter into this Agreement and to perform its obligations hereunder or the title of the Shareholder to any of the Deposited Shares.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The representations and warranties of the Shareholder set forth in this Article 5 shall survive the completion of the purchase by the Offeror of the Deposited Shares under the</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;7 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Offer and, despite such completion, shall continue in full force and effect for the benefit of the Offeror for a period of one year thereafter, except for the representation and warranty set forth in clause (e) above, which shall survive indefinitely.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 6</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES OF THE OFFEROR</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">6.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Offeror represents and warrants to the Shareholder as follows and acknowledges that the Shareholder is relying upon these representations and warranties in connection with the entering into of this Agreement:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror is validly existing under the laws of British Columbia and has the requisite corporate power and authority to conduct its business as it is now being conducted and to enter into this Agreement and to perform its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the execution and delivery of this Agreement by the Offeror and the performance by it of its obligations hereunder have been duly authorized by its board of directors and no other corporate proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement has been duly executed and delivered by the Offeror and, assuming the due authorization, execution and delivery by the Shareholder, constitutes a legal, valid and binding obligation, enforceable by the Shareholder against the Offeror in accordance with its terms, subject, however, to limitations imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction is within the discretion of the court from which they are sought;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no authorization, consent, approval, licence, permit or order of, or registration, declaration or filing with, any third party or Regulatory Authority is required to be obtained or made by the Offeror in connection with the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby, except for such authorizations, consents, approvals and filings as to which the failure to obtain or make would not, individually or in the aggregate, prevent or materially delay consummation of the transactions contemplated by this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the common shares of the Offeror to be issued pursuant to the Offer will, when issued pursuant to the Offer, be duly and validly issued as fully paid and non-assessable common shares in the capital of the Offeror, and the Offeror has sufficient funds available to pay the Maximum Cash Consideration payable by the Offeror pursuant to the Offer.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The representations and warranties of the Offeror set forth in this Article 6 shall survive the completion of the purchase by the Offeror of the Deposited Shares under the Offer and, despite such completion, shall continue in full force and effect for the benefit of the Shareholder for a period of one year thereafter.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;8 -</font></font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 7</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">TERMINATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">7.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may be terminated:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">at any time by written agreement of the Offeror and the Shareholder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Shareholder upon notice to the Offeror, if:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror has not made the Offer within the time periods provided for in Section 2.1 of the Acquisition Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offer shall have expired or shall have been withdrawn in accordance with its terms without the Offeror having purchased any Company Shares pursuant to the Offer;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any representation or warranty of the Offeror contained herein is untrue or incorrect in any material respect and, in each case, such non-compliance or inaccuracy would reasonably be expected to prevent the completion of the Offer and is not curable or, if curable, is not cured by the earlier of the date that is five Business Days after the date of written notice of such breach and the Business day prior to the Expiry Time; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Acquisition Agreement has been terminated in accordance with its terms; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Offeror upon notice to the Shareholder, if:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Shareholder has not complied in all material respects with its covenants to the Offeror contained herein or therein;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any representation or warranty of the Shareholder contained herein is at the date hereof, or becomes at any time prior to the Expiry Time, untrue or incorrect in any material respect;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Acquisition Agreement has been terminated in accordance with its terms; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any of the conditions to the Offer is not satisfied or waived by the Offeror at or prior to the Expiry Time;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">provided, however, that any such termination shall not prejudice the rights of a party as a result of any breach by the other party of its obligations hereunder. Upon termination of this Agreement, the Shareholder shall be entitled to withdraw any of the Deposited Shares tendered under the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 8</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">DISCLOSURE</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">8.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Except as required by applicable Law or by any Regulatory Authority or in accordance with the requirements of any stock exchange, no party shall make any public</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;9 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">announcement or statement with respect to this Agreement without the approval of the other, which shall not be unreasonably withheld or delayed. The parties acknowledge and agree that this Agreement may be summarized in, referred to and/or annexed to any take-over bid circular in respect of the Offer or other disclosure document in connection with the Offer and in any public announcement or statement by the Offeror or the Company with respect thereto and will be publicly filed where required by applicable Law. A copy of this Agreement may be provided to the directors of the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 9</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">GENERAL</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the avoidance of doubt, nothing in this Agreement shall limit any person from fulfilling his or her fiduciary duties as a director or officer of the Company, however any such exercise of fiduciary duties by a director or officer of the Company shall not in any way diminish his or her obligations as a Shareholder under this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement shall become effective upon execution and delivery hereof by the Shareholder and Offeror.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder and the Offeror shall, from time to time, promptly execute and deliver all such further documents and instruments and do all such acts and things as the other party may reasonably require to effectively carry out the intent of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.4</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement shall not be assignable by any party without the prior written consent of the other party. This Agreement shall be binding upon and shall enure to the benefit of and be enforceable by each of the parties hereto and their respective heirs, executors, successors and permitted assigns, as applicable.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.5</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Time shall be of the essence of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.6</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Any notice or other communication required or permitted to be given hereunder shall be sufficiently given if in writing, delivered or sent by telecopier or facsimile transmission:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case of the Shareholder, to:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">[Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;[Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case of the Offeror, to:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold Inc.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">200 Bay Street, Royal Bank Plaza</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Suite 3120</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Toronto, Ontario M5J 2J4</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Brian Penny, Executive Vice President and Chief Financial Officer</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(416) 324-9494</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and with a copy to (which shall not constitute notice):</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">- 10 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Cassels Brock &amp; Blackwell LLP</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Suite 2100, Scotia Plaza</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">40 King Street West</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Toronto, Ontario</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">M5H 3C2</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Andrea FitzGerald</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(416) 640-3194</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">at such other address as the party to which such notice or other communication is to be given has last notified the party giving the same in the manner provided in this section,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and if so given shall be deemed to have been received on the date of such delivery or sending (or, if such day is not a Business Day, on the next following Business Day).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.7</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement and the rights and obligations of the parties hereto shall be governed by and construed in accordance with the laws of the Province of<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>British Columbia<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>and the federal laws of Canada applicable therein and the Shareholder and the Offeror irrevocably attorn to the jurisdiction of the courts of the Province of British Columbia.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.8</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder agrees with the Offeror that: (i) money damages would not be a sufficient remedy for any breach of this Agreement by the Shareholder; (ii) in addition to any other remedies at law or in equity that the Offeror may have, the Offeror shall be entitled to seek equitable relief, including injunction and specific performance, in addition to any other remedies available to it, in the event of any breach by the Shareholder of the provisions of this Agreement; and (iii) the Shareholder agrees that if it is a defendant or respondent it shall waive any requirement for the securing or posting of any bond in connection with such remedy. The Shareholder hereby consents to any preliminary applications for such relief to any court of competent jurisdiction. The Offeror shall be reimbursed for all costs and expenses, including reasonable legal fees, incurred in enforcing its obligations hereunder. Such remedies shall not be deemed to be exclusive remedies of the Offeror for the breach of this Agreement by the Shareholder but shall be in addition to all other remedies at law or in equity.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.9</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If any term or other provision of this Agreement is determined by a court of competent jurisdiction to be invalid, illegal or unenforceable in any respect, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not irremediably affected in any manner materially adverse to any party hereto. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties hereto as closely as possible in an acceptable manner to the end that transactions contemplated hereby are fulfilled according to their original tenor to the extent possible.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.10</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement constitutes the entire agreement and supersedes all other prior agreements and undertakings, both written and oral, among the parties with respect to the subject matter hereof.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;11 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.11</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may be executed in any number of counterparts and by facsimile (or other electronic transmission), each of which shall be deemed to be an original and all of which taken together shall be deemed to constitute one and the same instrument, and it shall not be necessary in making proof of this Agreement to produce more than one counterpart.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">[Signature Page Follows]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IN WITNESS WHEREOF the parties have executed this Agreement as of the date first written above.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td rowspan="4" valign="top" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td rowspan="4" valign="top" width="23%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NEW GOLD INC.</font></div>
</td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Signed &#8220;Brian Penny&#8221;</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Name:&#160;&#160; Brian Penny</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Title:&#160;&#160;&#160;&#160;&#160;Executive Vice President and Chief Financial Officer</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Irrevocably accepted and agreed to on May 30, 2013</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="2" valign="top" width="37%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SIGNED &amp; DELIVERED</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the presence of:</font></div>
</td>
<td rowspan="4" valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="40%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td valign="top" width="32%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" rowspan="3" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="4%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Signed &#8220;Michael Mutchler&#8221;</font></div>
</td>
</tr><tr>
<td valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Witness</font></div>
</td>
<td valign="top" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Michael Mutchler</font></div>
</td>
</tr><tr>
<td valign="top" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="32%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SCHEDULE "A"</font></div>
</td>
</tr></table>

<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OWNERSHIP OF COMMON SHARES OF RAINY RIVER RESOURCES LTD.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total number of Company Shares beneficially owned or controlled</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Registered holder if different from beneficial owner</font></div>
</td>
</tr><tr>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Michael Mutchler</font></div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">54,417</font></div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-WEIGHT: bold">SCHEDULE "B"</font><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OWNERSHIP OF OPTIONS OF RAINY RIVER RESOURCES LTD.</font></div>
</td>
</tr></table>
</div>

<div align="center">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
</table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total number of Options owned</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Michael Mutchler</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">500,000</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div>&#160;</div>

<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
<hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.7
<SEQUENCE>12
<FILENAME>a13-14720_1ex2d7.htm
<DESCRIPTION>EX-2.7
<TEXT>
<html>
<head>

    <!--Licensed to: New Gold Inc.-->
    <!--Document Created using EDGARizer 2020 5.4.5.0-->
    <!--Copyright 1995 - 2013 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
<hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
</div>

<div style="TEXT-ALIGN: right">Exhibit 2.7</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div><br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">LOCK-UP AGREEMENT</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">THIS AGREEMENT</font> made the 30th day of May, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">B E T W E E N:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">STUART AVERILL</font>, a businessman residing at, [Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(hereinafter called the "<font style="DISPLAY: inline; FONT-WEIGHT: bold"> Shareholder</font>"),</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- and -</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NEW GOLD INC.</font>, a corporation existing under the laws of the Province of British Columbia,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(hereinafter called the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offeror</font>").</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">WHEREAS</font> the Shareholder is the registered and/or direct or indirect beneficial owner of Company Shares (as hereinafter defined) and options to purchase Company Shares (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Options</font>") of Rainy River Resources Ltd.<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>(the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company</font>"), as more particularly described herein;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> the Offeror is concurrently herewith entering into an Acquisition Agreement (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Acquisition Agreement</font>") with the Company which provides for, among other things, the Offeror making a take-over bid (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offer</font>") to acquire all of the issued and outstanding Company Shares, including all Company Shares that may be issued under outstanding options, warrants or other rights to purchase Company Shares, for consideration per Company Share of, at the election of each of the holders of Company Shares, either (i) Cdn.$3.83 in cash, or (ii) 0.5 of a common share of the Offeror, subject to proration as provided in the Acquisition Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> this Agreement sets out the terms and conditions of the agreement of the Shareholder (i) to tender, or cause to be tendered, to the Offer all Company Shares, including any Company Shares issued pursuant to any Option or other convertible security of the Company, directly or indirectly beneficially owned, or over which control or <font style="BACKGROUND-COLOR: #ffffff; DISPLAY: inline">direction is directly or indirectly exercised, by the Shareholder at any time from the date hereof to and including the Expiry Time</font> (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Deposited Shares</font>"), and (ii) to abide by the restrictions and covenants set forth herein;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> the Offeror is relying on the covenants, representations and warranties of the Shareholder set forth in this Agreement in connection with the Offeror's execution and delivery of the Acquisition Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NOW THEREFORE</font> this Agreement witnesses that, in consideration of the premises and the covenants and agreements herein contained, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged by the parties, the parties hereto agree as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 2 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 1</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">INTERPRETATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All capitalized terms used but not otherwise defined herein shall have the respective meaning ascribed to them in the Acquisition Agreement. All references herein to the Acquisition Agreement or any portion thereof refer to the Acquisition Agreement as amended, modified, restated or waived.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In this Agreement, unless otherwise expressly stated or the context otherwise requires:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to "herein", "hereby", "hereunder", "hereof" and similar expressions are references to this Agreement and not to any particular Article, Section or clause of or Schedule to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to an "Article", a "Section", a "clause" or a "Schedule" are references to an Article, a Section or a clause of or a Schedule to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the use of headings is for convenience of reference only and shall not affect the construction or interpretation hereof;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">if the date on which any action is required to be taken hereunder by any of the parties is not a Business Day, such action shall be required to be taken on the next succeeding day that is a Business Day;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a period of Business Days is to be computed as beginning on the day following the event that began the period and ending at 4:30 p.m. (Toronto time) on the last day of the period if the period is a Business Day or at 4:30 p.m. (Toronto time) on the next Business Day if the last day of the period does not fall on a Business Day;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the terms "material" and "materially" shall, when used in this Agreement, be construed, measured or assessed on the basis of whether the matter would materially affect a party and its subsidiaries, taken as a whole; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">wherever the term "includes" or "including" is used, it shall be deemed to mean "includes, without limitation" or "including, without limitation", respectively.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">References to the "knowledge of the Shareholder" mean the actual knowledge or awareness, after due inquiry, of the Shareholder or, if applicable, any senior officer of the Shareholder, and includes the knowledge that such Shareholder or senior officer, as applicable, would have, assuming they made an enquiry that is reasonable in the circumstances of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 2</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">THE OFFER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Subject to Section 2.2, the Offeror hereby agrees and confirms to the Shareholder that the Offeror shall make the Offer, or cause the Offer to be made, in accordance with the terms and subject to the conditions set forth in the Acquisition Agreement and shall take up and pay for all Company Shares tendered under the Offer, including all Deposited Shares, as soon as reasonably possible and in any event not later than three (3)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;3 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Business Days following the time at which the Offeror becomes first entitled pursuant to applicable securities Law to take up such Company Shares in accordance with the terms and subject to the conditions of the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The obligation of the Offeror to make the Offer or cause the Offer to be made shall be subject to the conditions set forth in the Acquisition Agreement. The obligation of the Offeror under the Offer to take up and pay for Company Shares deposited to the Offer and not withdrawn shall not be subject to any conditions, save and except the conditions set out in Schedule A of the Acquisition Agreement. The Offeror may, in its sole discretion, modify or waive any term or condition of the Offer in accordance with the Acquisition Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 3</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CERTAIN COVENANTS OF THE SHAREHOLDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants and irrevocably agrees that it shall, from the date hereof until the earlier of (i) the termination of this Agreement pursuant to Article 7, and (ii) the Expiry Time, except in accordance with the terms of this Agreement:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not, directly or indirectly through any of its Representatives, (i) solicit, assist, initiate, knowingly encourage or facilitate (including by way of discussion, negotiation, furnishing information, permitting any visit to any facilities or properties of the Company or the Company Subsidiary, or entering into any form of written or oral agreement, arrangement or understanding) any inquiries, proposals or offers regarding, or that may reasonably be expected to lead to, any Acquisition Proposal, (ii) engage or participate in any discussions or negotiations regarding, or provide any information with respect to or otherwise cooperate with any person (other than the Offeror and its Representatives) regarding, any Acquisition Proposal or potential Acquisition Proposal, (iii) accept or enter into, or publicly propose to accept or enter into, any letter of intent, agreement in principle, agreement, arrangement or undertaking related to any Acquisition Proposal, (iv) provide any information relating to the Company to any person or group in connection with any Acquisition Proposal, or (v) otherwise co-operate in any way with any effort or attempt by any other person or group to do or seek to do any of the foregoing; provided, however, that nothing contained in this Section 3.1 or other provisions of this Agreement shall prevent the Shareholder, if a member of the board of directors of the Company or a senior officer of the Company, from engaging in discussions or negotiations with or furnishing information to, in the Shareholder's capacity as a director or senior officer of the Company, any person in response to an unsolicited <font style="FONT-STYLE: italic; DISPLAY: inline">bona fide</font> Acquisition Proposal made in writing to the board of directors of the Company by such person (which Acquisition Proposal did not result from a breach of this Agreement or the Acquisition Agreement) in circumstances where the Company is permitted by Section 6.3 of the Acquisition Agreement to engage in such discussions or negotiations or furnish such information;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">immediately cease and cause to be terminated all existing solicitation, discussion, negotiation, encouragement or activity, if any, with any person or group or any agent or representative of any person or group conducted before the date of this Agreement with respect to any Acquisition Proposal or any potential Acquisition Proposal;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;4 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">promptly (and in any event within 24 hours following receipt or knowledge) notify the Offeror of any proposal, inquiry, offer or request relating to, or of discussions or negotiations in respect of, an Acquisition Proposal or potential Acquisition Proposal or any proposal, inquiry, offer or request or discussions or negotiations that could reasonably lead or be expected to lead to an Acquisition Proposal of which the Shareholder becomes, directly or indirectly, aware. Such notification shall be made first orally and then in writing and shall include a description of the material terms and conditions together with a copy of all documentation relating to any such proposal, inquiry, offer or request or discussions or negotiations within the Shareholder's possession;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not option, sell, transfer, pledge, encumber, grant a security interest in, hypothecate or otherwise convey or enter into any forward sale, repurchase agreement or other monetization transaction with respect to any of the Deposited Shares, or any right or interest therein (legal or equitable), to or with any person or group or agree to do any of the foregoing;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not grant or agree to grant any proxy, power of attorney or other right to vote the Deposited Shares, or enter into any voting, voting trust, vote pooling or other agreement with respect to the right to vote, call meetings of securityholders or give consents or approval of any kind with respect to any of the Deposited Shares;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not requisition or join in any requisition of any meeting of securityholders of the Company without the prior written consent of the Offeror, or vote or cause to be voted any of the Deposited Shares in respect of any proposed action by the Company or its Shareholders or affiliates or any other person or group in a manner which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not do indirectly that which it may not do directly by the terms of this Article 3 or take any other action of any kind, directly or indirectly, which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants to exercise or surrender any Options held by the Shareholder prior to or as of the Expiry Time so that the Shareholder will hold no Options as of the Expiry Time, in accordance with the terms of the Acquisition Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 4</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">AGREEMENT TO TENDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants and agrees that if the Offeror makes the Offer in compliance with Article 2 and the Acquisition Agreement, the Shareholder shall, within 14 days of the mailing of the Offer Circular, irrevocably deposit or cause to be irrevocably deposited with the depositary under the Offer in acceptance of the Offer all of the Deposited Shares in accordance with the terms of the Offer, and thereafter the Shareholder shall not withdraw or take any action to withdraw any of the Deposited</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;5 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Shares deposited under the Offer (notwithstanding any statutory rights, rights under the terms of the Offer or rights which the Shareholder might otherwise have) except upon the termination of this Agreement in accordance with its terms. Subject to this Section 4.1, for greater certainty, in respect of Company Shares that are to be issued upon the exercise of Options, the Shareholder shall, within 14 days of the mailing of the Offer Circular, irrevocably direct the depositary under the Offer that, upon the issue of such Company Shares immediately before the Expiry Time of the Offer, such Company Shares are to be deposited to the Offer and it is understood and agreed that, upon such direction, such Company Shares will be treated as having been deposited in accordance with this Agreement.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For greater certainty, for the purposes of this Agreement, the term "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company Shares</font>" shall include all the common shares, including all the common shares issued under outstanding Options, of the Company and shall include all shares or other securities into or for which the Company Shares may be converted, exchanged or otherwise changed pursuant to any reorganization, merger, amalgamation or other transaction involving the Company prior to the acquisition of the Deposited Shares by the Offeror under the Offer.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If (i) the Offeror concludes after the date of this Agreement that it is necessary or desirable to proceed with a form of transaction other than the Offer (such as a plan of arrangement or amalgamation) whereby the Offeror and/or its affiliates would effectively acquire all the Company Shares on economic and other terms and conditions (including, without limitation, tax treatment) having consequences to the Shareholder that are equivalent to or better than those contemplated by this Agreement and the Acquisition Agreement (any such transaction is referred to as an "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Alternative Transaction</font>"), and (ii) the Board recommends that Shareholders approve or support the Alternative Transaction, then the Shareholder agrees to support the completion of the Alternative Transaction in the same manner as the Offer, including, if necessary, by voting the Deposited Shares in favour of a special resolution approving the Alternative Transaction.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 5</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES OF THE SHAREHOLDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">5.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder represents and warrants to the Offeror as follows and acknowledges that the Offeror is relying upon these representations and warranties in connection with the entering into of this Agreement and the Acquisition Agreement and the purchase by the Offeror of the Deposited Shares under the Offer:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case that the Shareholder is not an individual, the Shareholder is validly existing under the laws of its jurisdiction of formation and has the requisite power and authority to conduct its business as it is now being conducted and to enter into this Agreement and to perform its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case that the Shareholder is not an individual, the execution and delivery of this Agreement by the Shareholder and the performance by it of its obligations hereunder have been duly authorized by its board of directors (or equivalent body) and no other proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement has been duly executed and delivered by the Shareholder and, assuming the due authorization, execution and delivery by the Offeror,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;6 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">constitutes a legal, valid and binding obligation, enforceable by the Offeror against the Shareholder in accordance with its terms, subject, however, to limitations imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction is within the discretion of the court from which they are sought;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i) the Shareholder is the sole registered and/or direct or indirect beneficial owner of the number of Company Shares listed opposite the Shareholder's name on Schedule "A" and is the sole legal and beneficial owner of the number of Options listed opposite the Shareholder's name on Schedule "B"; (ii) the only Company Shares or other securities of the Company directly or indirectly beneficially owned, or over which control or direction is directly or indirectly exercised, by the Shareholder are those listed opposite the Shareholder's name on Schedule "A" and Schedule "B"; and (iii) except as listed on Schedule "B", the Shareholder has no agreement or option, or right or privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase or acquisition by the Shareholder of any additional Company Shares or other securities of the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Shareholder has the sole right to sell and vote all the Deposited Shares and all the Deposited Shares will, at the time at which the Offeror takes up and pays for the Deposited Shares, be beneficially owned solely by the Shareholder with good and marketable title thereto, free and clear of any and all mortgages, liens, charges, restrictions, security interests, adverse claims, pledges, encumbrances and demands or rights of others of any nature or kind whatsoever;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no individual, firm or entity has any agreement or option, or any right or privilege&#160;&#160;(whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase, acquisition or transfer from the Shareholder of any of the Deposited Shares or any interest therein or right thereto, except the Offeror pursuant to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">none of the execution and delivery by the Shareholder of this Agreement, the completion or performance of the transactions contemplated hereby or the compliance by the Shareholder with the Shareholder's obligations hereunder will result in a breach of (i) any agreement or instrument to which the Shareholder is a party or by which the Shareholder or any of the Shareholder's property or assets are bound; (ii) to the knowledge of the Shareholder, any judgment, decree, order or award of any Regulatory Authority; or (iii) to the knowledge of the Shareholder, any law, statute, ordinance, regulation or rule relevant in the context of the Offer or this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(h)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">there are no legal proceedings in progress or pending before any Regulatory Authority or, to the knowledge of the Shareholder, threatened against the Shareholder or its affiliates that would adversely affect in any manner the ability of the Shareholder to enter into this Agreement and to perform its obligations hereunder or the title of the Shareholder to any of the Deposited Shares.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The representations and warranties of the Shareholder set forth in this Article 5 shall survive the completion of the purchase by the Offeror of the Deposited Shares under the</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;7 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Offer and, despite such completion, shall continue in full force and effect for the benefit of the Offeror for a period of one year thereafter, except for the representation and warranty set forth in clause (e) above, which shall survive indefinitely.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 6</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES OF THE OFFEROR</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">6.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Offeror represents and warrants to the Shareholder as follows and acknowledges that the Shareholder is relying upon these representations and warranties in connection with the entering into of this Agreement:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror is validly existing under the laws of British Columbia and has the requisite corporate power and authority to conduct its business as it is now being conducted and to enter into this Agreement and to perform its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the execution and delivery of this Agreement by the Offeror and the performance by it of its obligations hereunder have been duly authorized by its board of directors and no other corporate proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement has been duly executed and delivered by the Offeror and, assuming the due authorization, execution and delivery by the Shareholder, constitutes a legal, valid and binding obligation, enforceable by the Shareholder against the Offeror in accordance with its terms, subject, however, to limitations imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction is within the discretion of the court from which they are sought;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no authorization, consent, approval, licence, permit or order of, or registration, declaration or filing with, any third party or Regulatory Authority is required to be obtained or made by the Offeror in connection with the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby, except for such authorizations, consents, approvals and filings as to which the failure to obtain or make would not, individually or in the aggregate, prevent or materially delay consummation of the transactions contemplated by this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the common shares of the Offeror to be issued pursuant to the Offer will, when issued pursuant to the Offer, be duly and validly issued as fully paid and non-assessable common shares in the capital of the Offeror, and the Offeror has sufficient funds available to pay the Maximum Cash Consideration payable by the Offeror pursuant to the Offer.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The representations and warranties of the Offeror set forth in this Article 6 shall survive the completion of the purchase by the Offeror of the Deposited Shares under the Offer and, despite such completion, shall continue in full force and effect for the benefit of the Shareholder for a period of one year thereafter.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;8 -</font></font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 7</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">TERMINATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">7.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may be terminated:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">at any time by written agreement of the Offeror and the Shareholder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Shareholder upon notice to the Offeror, if:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror has not made the Offer within the time periods provided for in Section 2.1 of the Acquisition Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offer shall have expired or shall have been withdrawn in accordance with its terms without the Offeror having purchased any Company Shares pursuant to the Offer;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any representation or warranty of the Offeror contained herein is untrue or incorrect in any material respect and, in each case, such non-compliance or inaccuracy would reasonably be expected to prevent the completion of the Offer and is not curable or, if curable, is not cured by the earlier of the date that is five Business Days after the date of written notice of such breach and the Business day prior to the Expiry Time; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Acquisition Agreement has been terminated in accordance with its terms; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Offeror upon notice to the Shareholder, if:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Shareholder has not complied in all material respects with its covenants to the Offeror contained herein or therein;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any representation or warranty of the Shareholder contained herein is at the date hereof, or becomes at any time prior to the Expiry Time, untrue or incorrect in any material respect;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Acquisition Agreement has been terminated in accordance with its terms; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any of the conditions to the Offer is not satisfied or waived by the Offeror at or prior to the Expiry Time;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">provided, however, that any such termination shall not prejudice the rights of a party as a result of any breach by the other party of its obligations hereunder. Upon termination of this Agreement, the Shareholder shall be entitled to withdraw any of the Deposited Shares tendered under the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 8</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">DISCLOSURE</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">8.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Except as required by applicable Law or by any Regulatory Authority or in accordance with the requirements of any stock exchange, no party shall make any public</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;9 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">announcement or statement with respect to this Agreement without the approval of the other, which shall not be unreasonably withheld or delayed. The parties acknowledge and agree that this Agreement may be summarized in, referred to and/or annexed to any take-over bid circular in respect of the Offer or other disclosure document in connection with the Offer and in any public announcement or statement by the Offeror or the Company with respect thereto and will be publicly filed where required by applicable Law. A copy of this Agreement may be provided to the directors of the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 9</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">GENERAL</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the avoidance of doubt, nothing in this Agreement shall limit any person from fulfilling his or her fiduciary duties as a director or officer of the Company, however any such exercise of fiduciary duties by a director or officer of the Company shall not in any way diminish his or her obligations as a Shareholder under this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement shall become effective upon execution and delivery hereof by the Shareholder and Offeror.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder and the Offeror shall, from time to time, promptly execute and deliver all such further documents and instruments and do all such acts and things as the other party may reasonably require to effectively carry out the intent of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.4</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement shall not be assignable by any party without the prior written consent of the other party. This Agreement shall be binding upon and shall enure to the benefit of and be enforceable by each of the parties hereto and their respective heirs, executors, successors and permitted assigns, as applicable.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.5</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Time shall be of the essence of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.6</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Any notice or other communication required or permitted to be given hereunder shall be sufficiently given if in writing, delivered or sent by telecopier or facsimile transmission:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case of the Shareholder, to:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">[Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;[Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case of the Offeror, to:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold Inc.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">200 Bay Street, Royal Bank Plaza</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Suite 3120</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Toronto, Ontario M5J 2J4</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Brian Penny, Executive Vice President and Chief Financial Officer</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(416) 324-9494</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and with a copy to (which shall not constitute notice):</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">- 10 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Cassels Brock &amp; Blackwell LLP</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Suite 2100, Scotia Plaza</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">40 King Street West</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Toronto, Ontario</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">M5H 3C2</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Andrea FitzGerald</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(416) 640-3194</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">at such other address as the party to which such notice or other communication is to be given has last notified the party giving the same in the manner provided in this section,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and if so given shall be deemed to have been received on the date of such delivery or sending (or, if such day is not a Business Day, on the next following Business Day).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.7</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement and the rights and obligations of the parties hereto shall be governed by and construed in accordance with the laws of the Province of<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>British Columbia<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>and the federal laws of Canada applicable therein and the Shareholder and the Offeror irrevocably attorn to the jurisdiction of the courts of the Province of British Columbia.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.8</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder agrees with the Offeror that: (i) money damages would not be a sufficient remedy for any breach of this Agreement by the Shareholder; (ii) in addition to any other remedies at law or in equity that the Offeror may have, the Offeror shall be entitled to seek equitable relief, including injunction and specific performance, in addition to any other remedies available to it, in the event of any breach by the Shareholder of the provisions of this Agreement; and (iii) the Shareholder agrees that if it is a defendant or respondent it shall waive any requirement for the securing or posting of any bond in connection with such remedy. The Shareholder hereby consents to any preliminary applications for such relief to any court of competent jurisdiction. The Offeror shall be reimbursed for all costs and expenses, including reasonable legal fees, incurred in enforcing its obligations hereunder. Such remedies shall not be deemed to be exclusive remedies of the Offeror for the breach of this Agreement by the Shareholder but shall be in addition to all other remedies at law or in equity.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.9</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If any term or other provision of this Agreement is determined by a court of competent jurisdiction to be invalid, illegal or unenforceable in any respect, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not irremediably affected in any manner materially adverse to any party hereto. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties hereto as closely as possible in an acceptable manner to the end that transactions contemplated hereby are fulfilled according to their original tenor to the extent possible.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.10</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement constitutes the entire agreement and supersedes all other prior agreements and undertakings, both written and oral, among the parties with respect to the subject matter hereof.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;11 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.11</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may be executed in any number of counterparts and by facsimile (or other electronic transmission), each of which shall be deemed to be an original and all of which taken together shall be deemed to constitute one and the same instrument, and it shall not be necessary in making proof of this Agreement to produce more than one counterpart.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">[Signature Page Follows]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IN WITNESS WHEREOF the parties have executed this Agreement as of the date first written above.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td rowspan="4" valign="top" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td rowspan="4" valign="top" width="23%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NEW GOLD INC.</font></div>
</td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Signed &#8220;Brian Penny&#8221;</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Name:&#160;&#160; Brian Penny</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Title:&#160;&#160;&#160;&#160;&#160;Executive Vice President and Chief Financial Officer</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Irrevocably accepted and agreed to on May 30, 2013</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="2" valign="top" width="37%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SIGNED &amp; DELIVERED</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the presence of:</font></div>
</td>
<td rowspan="4" valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="40%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td valign="top" width="32%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" rowspan="3" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="4%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Signed &#8220;Stuart Averill&#8221;</font></div>
</td>
</tr><tr>
<td valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Witness</font></div>
</td>
<td valign="top" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Stuart Averill</font></div>
</td>
</tr><tr>
<td valign="top" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="32%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SCHEDULE "A"</font></div>
</td>
</tr></table>

<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OWNERSHIP OF COMMON SHARES OF RAINY RIVER RESOURCES LTD.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total number of Company Shares beneficially owned or controlled</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Registered holder if different from beneficial owner</font></div>
</td>
</tr><tr>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Stuart Averill</font></div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">360,000</font></div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">20,000 are held by Averill Holdings Inc., a private company controlled by Mr. Averill, and 15,000 Common Shares are held by 4482514 Canada Ltd., a private company controller by Mr. Averill.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-WEIGHT: bold">SCHEDULE "B"</font><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OWNERSHIP OF OPTIONS OF RAINY RIVER RESOURCES LTD.</font></div>
</td>
</tr></table>
</div>

<div align="center">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
</table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total number of Options owned</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Stuart Averill</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">825,000</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div>&#160;</div>

<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
<hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.8
<SEQUENCE>13
<FILENAME>a13-14720_1ex2d8.htm
<DESCRIPTION>EX-2.8
<TEXT>
<html>
<head>

    <!--Licensed to: New Gold Inc.-->
    <!--Document Created using EDGARizer 2020 5.4.5.0-->
    <!--Copyright 1995 - 2013 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
<hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
</div>

<div style="TEXT-ALIGN: right">Exhibit 2.8</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div><br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">LOCK-UP AGREEMENT</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">THIS AGREEMENT</font> made the 30th day of May, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">B E T W E E N:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">GERALD SHIELDS</font>, a businessman residing at, [Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(hereinafter called the "<font style="DISPLAY: inline; FONT-WEIGHT: bold"> Shareholder</font>"),</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- and -</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NEW GOLD INC.</font>, a corporation existing under the laws of the Province of British Columbia,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(hereinafter called the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offeror</font>").</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">WHEREAS</font> the Shareholder is the registered and/or direct or indirect beneficial owner of Company Shares (as hereinafter defined) and options to purchase Company Shares (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Options</font>") of Rainy River Resources Ltd.<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>(the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company</font>"), as more particularly described herein;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> the Offeror is concurrently herewith entering into an Acquisition Agreement (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Acquisition Agreement</font>") with the Company which provides for, among other things, the Offeror making a take-over bid (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offer</font>") to acquire all of the issued and outstanding Company Shares, including all Company Shares that may be issued under outstanding options, warrants or other rights to purchase Company Shares, for consideration per Company Share of, at the election of each of the holders of Company Shares, either (i) Cdn.$3.83 in cash, or (ii) 0.5 of a common share of the Offeror, subject to proration as provided in the Acquisition Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> this Agreement sets out the terms and conditions of the agreement of the Shareholder (i) to tender, or cause to be tendered, to the Offer all Company Shares, including any Company Shares issued pursuant to any Option or other convertible security of the Company, directly or indirectly beneficially owned, or over which control or <font style="BACKGROUND-COLOR: #ffffff; DISPLAY: inline">direction is directly or indirectly exercised, by the Shareholder at any time from the date hereof to and including the Expiry Time</font> (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Deposited Shares</font>"), and (ii) to abide by the restrictions and covenants set forth herein;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> the Offeror is relying on the covenants, representations and warranties of the Shareholder set forth in this Agreement in connection with the Offeror's execution and delivery of the Acquisition Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NOW THEREFORE</font> this Agreement witnesses that, in consideration of the premises and the covenants and agreements herein contained, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged by the parties, the parties hereto agree as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 2 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 1</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">INTERPRETATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All capitalized terms used but not otherwise defined herein shall have the respective meaning ascribed to them in the Acquisition Agreement. All references herein to the Acquisition Agreement or any portion thereof refer to the Acquisition Agreement as amended, modified, restated or waived.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In this Agreement, unless otherwise expressly stated or the context otherwise requires:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to "herein", "hereby", "hereunder", "hereof" and similar expressions are references to this Agreement and not to any particular Article, Section or clause of or Schedule to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to an "Article", a "Section", a "clause" or a "Schedule" are references to an Article, a Section or a clause of or a Schedule to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the use of headings is for convenience of reference only and shall not affect the construction or interpretation hereof;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">if the date on which any action is required to be taken hereunder by any of the parties is not a Business Day, such action shall be required to be taken on the next succeeding day that is a Business Day;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a period of Business Days is to be computed as beginning on the day following the event that began the period and ending at 4:30 p.m. (Toronto time) on the last day of the period if the period is a Business Day or at 4:30 p.m. (Toronto time) on the next Business Day if the last day of the period does not fall on a Business Day;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the terms "material" and "materially" shall, when used in this Agreement, be construed, measured or assessed on the basis of whether the matter would materially affect a party and its subsidiaries, taken as a whole; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">wherever the term "includes" or "including" is used, it shall be deemed to mean "includes, without limitation" or "including, without limitation", respectively.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">References to the "knowledge of the Shareholder" mean the actual knowledge or awareness, after due inquiry, of the Shareholder or, if applicable, any senior officer of the Shareholder, and includes the knowledge that such Shareholder or senior officer, as applicable, would have, assuming they made an enquiry that is reasonable in the circumstances of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 2</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">THE OFFER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Subject to Section 2.2, the Offeror hereby agrees and confirms to the Shareholder that the Offeror shall make the Offer, or cause the Offer to be made, in accordance with the terms and subject to the conditions set forth in the Acquisition Agreement and shall take up and pay for all Company Shares tendered under the Offer, including all Deposited Shares, as soon as reasonably possible and in any event not later than three (3)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;3 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Business Days following the time at which the Offeror becomes first entitled pursuant to applicable securities Law to take up such Company Shares in accordance with the terms and subject to the conditions of the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The obligation of the Offeror to make the Offer or cause the Offer to be made shall be subject to the conditions set forth in the Acquisition Agreement. The obligation of the Offeror under the Offer to take up and pay for Company Shares deposited to the Offer and not withdrawn shall not be subject to any conditions, save and except the conditions set out in Schedule A of the Acquisition Agreement. The Offeror may, in its sole discretion, modify or waive any term or condition of the Offer in accordance with the Acquisition Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 3</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CERTAIN COVENANTS OF THE SHAREHOLDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants and irrevocably agrees that it shall, from the date hereof until the earlier of (i) the termination of this Agreement pursuant to Article 7, and (ii) the Expiry Time, except in accordance with the terms of this Agreement:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not, directly or indirectly through any of its Representatives, (i) solicit, assist, initiate, knowingly encourage or facilitate (including by way of discussion, negotiation, furnishing information, permitting any visit to any facilities or properties of the Company or the Company Subsidiary, or entering into any form of written or oral agreement, arrangement or understanding) any inquiries, proposals or offers regarding, or that may reasonably be expected to lead to, any Acquisition Proposal, (ii) engage or participate in any discussions or negotiations regarding, or provide any information with respect to or otherwise cooperate with any person (other than the Offeror and its Representatives) regarding, any Acquisition Proposal or potential Acquisition Proposal, (iii) accept or enter into, or publicly propose to accept or enter into, any letter of intent, agreement in principle, agreement, arrangement or undertaking related to any Acquisition Proposal, (iv) provide any information relating to the Company to any person or group in connection with any Acquisition Proposal, or (v) otherwise co-operate in any way with any effort or attempt by any other person or group to do or seek to do any of the foregoing; provided, however, that nothing contained in this Section 3.1 or other provisions of this Agreement shall prevent the Shareholder, if a member of the board of directors of the Company or a senior officer of the Company, from engaging in discussions or negotiations with or furnishing information to, in the Shareholder's capacity as a director or senior officer of the Company, any person in response to an unsolicited <font style="FONT-STYLE: italic; DISPLAY: inline">bona fide</font> Acquisition Proposal made in writing to the board of directors of the Company by such person (which Acquisition Proposal did not result from a breach of this Agreement or the Acquisition Agreement) in circumstances where the Company is permitted by Section 6.3 of the Acquisition Agreement to engage in such discussions or negotiations or furnish such information;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">immediately cease and cause to be terminated all existing solicitation, discussion, negotiation, encouragement or activity, if any, with any person or group or any agent or representative of any person or group conducted before the date of this Agreement with respect to any Acquisition Proposal or any potential Acquisition Proposal;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;4 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">promptly (and in any event within 24 hours following receipt or knowledge) notify the Offeror of any proposal, inquiry, offer or request relating to, or of discussions or negotiations in respect of, an Acquisition Proposal or potential Acquisition Proposal or any proposal, inquiry, offer or request or discussions or negotiations that could reasonably lead or be expected to lead to an Acquisition Proposal of which the Shareholder becomes, directly or indirectly, aware. Such notification shall be made first orally and then in writing and shall include a description of the material terms and conditions together with a copy of all documentation relating to any such proposal, inquiry, offer or request or discussions or negotiations within the Shareholder's possession;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not option, sell, transfer, pledge, encumber, grant a security interest in, hypothecate or otherwise convey or enter into any forward sale, repurchase agreement or other monetization transaction with respect to any of the Deposited Shares, or any right or interest therein (legal or equitable), to or with any person or group or agree to do any of the foregoing;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not grant or agree to grant any proxy, power of attorney or other right to vote the Deposited Shares, or enter into any voting, voting trust, vote pooling or other agreement with respect to the right to vote, call meetings of securityholders or give consents or approval of any kind with respect to any of the Deposited Shares;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not requisition or join in any requisition of any meeting of securityholders of the Company without the prior written consent of the Offeror, or vote or cause to be voted any of the Deposited Shares in respect of any proposed action by the Company or its Shareholders or affiliates or any other person or group in a manner which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not do indirectly that which it may not do directly by the terms of this Article 3 or take any other action of any kind, directly or indirectly, which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants to exercise or surrender any Options held by the Shareholder prior to or as of the Expiry Time so that the Shareholder will hold no Options as of the Expiry Time, in accordance with the terms of the Acquisition Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 4</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">AGREEMENT TO TENDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants and agrees that if the Offeror makes the Offer in compliance with Article 2 and the Acquisition Agreement, the Shareholder shall, within 14 days of the mailing of the Offer Circular, irrevocably deposit or cause to be irrevocably deposited with the depositary under the Offer in acceptance of the Offer all of the Deposited Shares in accordance with the terms of the Offer, and thereafter the Shareholder shall not withdraw or take any action to withdraw any of the Deposited</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;5 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Shares deposited under the Offer (notwithstanding any statutory rights, rights under the terms of the Offer or rights which the Shareholder might otherwise have) except upon the termination of this Agreement in accordance with its terms. Subject to this Section 4.1, for greater certainty, in respect of Company Shares that are to be issued upon the exercise of Options, the Shareholder shall, within 14 days of the mailing of the Offer Circular, irrevocably direct the depositary under the Offer that, upon the issue of such Company Shares immediately before the Expiry Time of the Offer, such Company Shares are to be deposited to the Offer and it is understood and agreed that, upon such direction, such Company Shares will be treated as having been deposited in accordance with this Agreement.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For greater certainty, for the purposes of this Agreement, the term "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company Shares</font>" shall include all the common shares, including all the common shares issued under outstanding Options, of the Company and shall include all shares or other securities into or for which the Company Shares may be converted, exchanged or otherwise changed pursuant to any reorganization, merger, amalgamation or other transaction involving the Company prior to the acquisition of the Deposited Shares by the Offeror under the Offer.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If (i) the Offeror concludes after the date of this Agreement that it is necessary or desirable to proceed with a form of transaction other than the Offer (such as a plan of arrangement or amalgamation) whereby the Offeror and/or its affiliates would effectively acquire all the Company Shares on economic and other terms and conditions (including, without limitation, tax treatment) having consequences to the Shareholder that are equivalent to or better than those contemplated by this Agreement and the Acquisition Agreement (any such transaction is referred to as an "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Alternative Transaction</font>"), and (ii) the Board recommends that Shareholders approve or support the Alternative Transaction, then the Shareholder agrees to support the completion of the Alternative Transaction in the same manner as the Offer, including, if necessary, by voting the Deposited Shares in favour of a special resolution approving the Alternative Transaction.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 5</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES OF THE SHAREHOLDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">5.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder represents and warrants to the Offeror as follows and acknowledges that the Offeror is relying upon these representations and warranties in connection with the entering into of this Agreement and the Acquisition Agreement and the purchase by the Offeror of the Deposited Shares under the Offer:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case that the Shareholder is not an individual, the Shareholder is validly existing under the laws of its jurisdiction of formation and has the requisite power and authority to conduct its business as it is now being conducted and to enter into this Agreement and to perform its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case that the Shareholder is not an individual, the execution and delivery of this Agreement by the Shareholder and the performance by it of its obligations hereunder have been duly authorized by its board of directors (or equivalent body) and no other proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement has been duly executed and delivered by the Shareholder and, assuming the due authorization, execution and delivery by the Offeror,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;6 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">constitutes a legal, valid and binding obligation, enforceable by the Offeror against the Shareholder in accordance with its terms, subject, however, to limitations imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction is within the discretion of the court from which they are sought;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i) the Shareholder is the sole registered and/or direct or indirect beneficial owner of the number of Company Shares listed opposite the Shareholder's name on Schedule "A" and is the sole legal and beneficial owner of the number of Options listed opposite the Shareholder's name on Schedule "B"; (ii) the only Company Shares or other securities of the Company directly or indirectly beneficially owned, or over which control or direction is directly or indirectly exercised, by the Shareholder are those listed opposite the Shareholder's name on Schedule "A" and Schedule "B"; and (iii) except as listed on Schedule "B", the Shareholder has no agreement or option, or right or privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase or acquisition by the Shareholder of any additional Company Shares or other securities of the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Shareholder has the sole right to sell and vote all the Deposited Shares and all the Deposited Shares will, at the time at which the Offeror takes up and pays for the Deposited Shares, be beneficially owned solely by the Shareholder with good and marketable title thereto, free and clear of any and all mortgages, liens, charges, restrictions, security interests, adverse claims, pledges, encumbrances and demands or rights of others of any nature or kind whatsoever;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no individual, firm or entity has any agreement or option, or any right or privilege&#160;&#160;(whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase, acquisition or transfer from the Shareholder of any of the Deposited Shares or any interest therein or right thereto, except the Offeror pursuant to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">none of the execution and delivery by the Shareholder of this Agreement, the completion or performance of the transactions contemplated hereby or the compliance by the Shareholder with the Shareholder's obligations hereunder will result in a breach of (i) any agreement or instrument to which the Shareholder is a party or by which the Shareholder or any of the Shareholder's property or assets are bound; (ii) to the knowledge of the Shareholder, any judgment, decree, order or award of any Regulatory Authority; or (iii) to the knowledge of the Shareholder, any law, statute, ordinance, regulation or rule relevant in the context of the Offer or this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(h)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">there are no legal proceedings in progress or pending before any Regulatory Authority or, to the knowledge of the Shareholder, threatened against the Shareholder or its affiliates that would adversely affect in any manner the ability of the Shareholder to enter into this Agreement and to perform its obligations hereunder or the title of the Shareholder to any of the Deposited Shares.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The representations and warranties of the Shareholder set forth in this Article 5 shall survive the completion of the purchase by the Offeror of the Deposited Shares under the</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;7 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Offer and, despite such completion, shall continue in full force and effect for the benefit of the Offeror for a period of one year thereafter, except for the representation and warranty set forth in clause (e) above, which shall survive indefinitely.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 6</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES OF THE OFFEROR</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">6.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Offeror represents and warrants to the Shareholder as follows and acknowledges that the Shareholder is relying upon these representations and warranties in connection with the entering into of this Agreement:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror is validly existing under the laws of British Columbia and has the requisite corporate power and authority to conduct its business as it is now being conducted and to enter into this Agreement and to perform its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the execution and delivery of this Agreement by the Offeror and the performance by it of its obligations hereunder have been duly authorized by its board of directors and no other corporate proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement has been duly executed and delivered by the Offeror and, assuming the due authorization, execution and delivery by the Shareholder, constitutes a legal, valid and binding obligation, enforceable by the Shareholder against the Offeror in accordance with its terms, subject, however, to limitations imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction is within the discretion of the court from which they are sought;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no authorization, consent, approval, licence, permit or order of, or registration, declaration or filing with, any third party or Regulatory Authority is required to be obtained or made by the Offeror in connection with the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby, except for such authorizations, consents, approvals and filings as to which the failure to obtain or make would not, individually or in the aggregate, prevent or materially delay consummation of the transactions contemplated by this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the common shares of the Offeror to be issued pursuant to the Offer will, when issued pursuant to the Offer, be duly and validly issued as fully paid and non-assessable common shares in the capital of the Offeror, and the Offeror has sufficient funds available to pay the Maximum Cash Consideration payable by the Offeror pursuant to the Offer.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The representations and warranties of the Offeror set forth in this Article 6 shall survive the completion of the purchase by the Offeror of the Deposited Shares under the Offer and, despite such completion, shall continue in full force and effect for the benefit of the Shareholder for a period of one year thereafter.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;8 -</font></font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 7</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">TERMINATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">7.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may be terminated:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">at any time by written agreement of the Offeror and the Shareholder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Shareholder upon notice to the Offeror, if:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror has not made the Offer within the time periods provided for in Section 2.1 of the Acquisition Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offer shall have expired or shall have been withdrawn in accordance with its terms without the Offeror having purchased any Company Shares pursuant to the Offer;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any representation or warranty of the Offeror contained herein is untrue or incorrect in any material respect and, in each case, such non-compliance or inaccuracy would reasonably be expected to prevent the completion of the Offer and is not curable or, if curable, is not cured by the earlier of the date that is five Business Days after the date of written notice of such breach and the Business day prior to the Expiry Time; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Acquisition Agreement has been terminated in accordance with its terms; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Offeror upon notice to the Shareholder, if:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Shareholder has not complied in all material respects with its covenants to the Offeror contained herein or therein;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any representation or warranty of the Shareholder contained herein is at the date hereof, or becomes at any time prior to the Expiry Time, untrue or incorrect in any material respect;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Acquisition Agreement has been terminated in accordance with its terms; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any of the conditions to the Offer is not satisfied or waived by the Offeror at or prior to the Expiry Time;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">provided, however, that any such termination shall not prejudice the rights of a party as a result of any breach by the other party of its obligations hereunder. Upon termination of this Agreement, the Shareholder shall be entitled to withdraw any of the Deposited Shares tendered under the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 8</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">DISCLOSURE</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">8.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Except as required by applicable Law or by any Regulatory Authority or in accordance with the requirements of any stock exchange, no party shall make any public</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;9 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">announcement or statement with respect to this Agreement without the approval of the other, which shall not be unreasonably withheld or delayed. The parties acknowledge and agree that this Agreement may be summarized in, referred to and/or annexed to any take-over bid circular in respect of the Offer or other disclosure document in connection with the Offer and in any public announcement or statement by the Offeror or the Company with respect thereto and will be publicly filed where required by applicable Law. A copy of this Agreement may be provided to the directors of the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 9</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">GENERAL</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the avoidance of doubt, nothing in this Agreement shall limit any person from fulfilling his or her fiduciary duties as a director or officer of the Company, however any such exercise of fiduciary duties by a director or officer of the Company shall not in any way diminish his or her obligations as a Shareholder under this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement shall become effective upon execution and delivery hereof by the Shareholder and Offeror.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder and the Offeror shall, from time to time, promptly execute and deliver all such further documents and instruments and do all such acts and things as the other party may reasonably require to effectively carry out the intent of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.4</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement shall not be assignable by any party without the prior written consent of the other party. This Agreement shall be binding upon and shall enure to the benefit of and be enforceable by each of the parties hereto and their respective heirs, executors, successors and permitted assigns, as applicable.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.5</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Time shall be of the essence of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.6</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Any notice or other communication required or permitted to be given hereunder shall be sufficiently given if in writing, delivered or sent by telecopier or facsimile transmission:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case of the Shareholder, to:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">[Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;[Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case of the Offeror, to:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold Inc.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">200 Bay Street, Royal Bank Plaza</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Suite 3120</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Toronto, Ontario M5J 2J4</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Brian Penny, Executive Vice President and Chief Financial Officer</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(416) 324-9494</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and with a copy to (which shall not constitute notice):</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">- 10 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Cassels Brock &amp; Blackwell LLP</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Suite 2100, Scotia Plaza</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">40 King Street West</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Toronto, Ontario</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">M5H 3C2</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Andrea FitzGerald</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(416) 640-3194</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">at such other address as the party to which such notice or other communication is to be given has last notified the party giving the same in the manner provided in this section,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and if so given shall be deemed to have been received on the date of such delivery or sending (or, if such day is not a Business Day, on the next following Business Day).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.7</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement and the rights and obligations of the parties hereto shall be governed by and construed in accordance with the laws of the Province of<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>British Columbia<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>and the federal laws of Canada applicable therein and the Shareholder and the Offeror irrevocably attorn to the jurisdiction of the courts of the Province of British Columbia.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.8</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder agrees with the Offeror that: (i) money damages would not be a sufficient remedy for any breach of this Agreement by the Shareholder; (ii) in addition to any other remedies at law or in equity that the Offeror may have, the Offeror shall be entitled to seek equitable relief, including injunction and specific performance, in addition to any other remedies available to it, in the event of any breach by the Shareholder of the provisions of this Agreement; and (iii) the Shareholder agrees that if it is a defendant or respondent it shall waive any requirement for the securing or posting of any bond in connection with such remedy. The Shareholder hereby consents to any preliminary applications for such relief to any court of competent jurisdiction. The Offeror shall be reimbursed for all costs and expenses, including reasonable legal fees, incurred in enforcing its obligations hereunder. Such remedies shall not be deemed to be exclusive remedies of the Offeror for the breach of this Agreement by the Shareholder but shall be in addition to all other remedies at law or in equity.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.9</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If any term or other provision of this Agreement is determined by a court of competent jurisdiction to be invalid, illegal or unenforceable in any respect, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not irremediably affected in any manner materially adverse to any party hereto. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties hereto as closely as possible in an acceptable manner to the end that transactions contemplated hereby are fulfilled according to their original tenor to the extent possible.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.10</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement constitutes the entire agreement and supersedes all other prior agreements and undertakings, both written and oral, among the parties with respect to the subject matter hereof.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;11 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.11</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may be executed in any number of counterparts and by facsimile (or other electronic transmission), each of which shall be deemed to be an original and all of which taken together shall be deemed to constitute one and the same instrument, and it shall not be necessary in making proof of this Agreement to produce more than one counterpart.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">[Signature Page Follows]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IN WITNESS WHEREOF the parties have executed this Agreement as of the date first written above.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td rowspan="4" valign="top" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td rowspan="4" valign="top" width="23%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NEW GOLD INC.</font></div>
</td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Signed &#8220;Brian Penny&#8221;</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Name:&#160;&#160; Brian Penny</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Title:&#160;&#160;&#160;&#160;&#160;Executive Vice President and Chief Financial Officer</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Irrevocably accepted and agreed to on May 30, 2013</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="2" valign="top" width="37%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SIGNED &amp; DELIVERED</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the presence of:</font></div>
</td>
<td rowspan="4" valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="40%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td valign="top" width="32%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" rowspan="3" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="4%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Signed &#8220;Gerald Shields&#8221;</font></div>
</td>
</tr><tr>
<td valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Witness</font></div>
</td>
<td valign="top" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Gerald Shields</font></div>
</td>
</tr><tr>
<td valign="top" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="32%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SCHEDULE "A"</font></div>
</td>
</tr></table>

<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OWNERSHIP OF COMMON SHARES OF RAINY RIVER RESOURCES LTD.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total number of Company Shares beneficially owned or controlled</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Registered holder if different from beneficial owner</font></div>
</td>
</tr><tr>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gerald Shields</font></div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">29,910</font></div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-WEIGHT: bold">SCHEDULE "B"</font><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OWNERSHIP OF OPTIONS OF RAINY RIVER RESOURCES LTD.</font></div>
</td>
</tr></table>
</div>

<div align="center">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
</table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total number of Options owned</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gerald Shields</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,370,000</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div>&#160;</div>

<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
<hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.9
<SEQUENCE>14
<FILENAME>a13-14720_1ex2d9.htm
<DESCRIPTION>EX-2.9
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 2.9</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">AMENDED LOCK-UP AGREEMENT</font></u></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THIS AGREEMENT</font></b><font size="2" style="font-size:10.0pt;"> made as of May 31, 2013.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B E T W E E N:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RAYMOND THRELKELD</font></b><font size="2" style="font-size:10.0pt;">, a businessman residing at [Redacted]</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(hereinafter called the &#147;<b> Shareholder</b>&#148;),</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">- and -</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NEW GOLD INC.</font></b><font size="2" style="font-size:10.0pt;">, a corporation existing under the laws of the Province of British Columbia,</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(hereinafter called the &#147;<b>Offeror</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WHEREAS</font></b><font size="2" style="font-size:10.0pt;"> the Shareholder is the registered and/or direct or indirect beneficial owner of Company Shares (as hereinafter defined) and options to purchase Company Shares (the &#147;<b>Options</b>&#148;) of Rainy River Resources Ltd. (the &#147;<b>Company</b>&#148;), as more particularly described herein;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">AND WHEREAS</font></b><font size="2" style="font-size:10.0pt;"> the parties have entered into this Agreement in order to amend and replace the lock-up agreement dated May 30, 2013 originally entered into between the parties in order to correct the number of Shares set out therein;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">AND WHEREAS</font></b><font size="2" style="font-size:10.0pt;"> the Offeror is concurrently herewith entering into an Acquisition Agreement (the &#147;<b>Acquisition Agreement</b>&#148;) with the Company which provides for, among other things, the Offeror making a take-over bid (the &#147;<b>Offer</b>&#148;) to acquire all of the issued and outstanding Company Shares, including all Company Shares that may be issued under outstanding options, warrants or other rights to purchase Company Shares, for consideration per Company Share of, at the election of each of the holders of Company Shares, either (i) Cdn.$3.83 in cash, or (ii) 0.5 of a common share of the Offeror, subject to proration as provided in the Acquisition Agreement;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">AND WHEREAS</font></b><font size="2" style="font-size:10.0pt;"> this Agreement sets out the terms and conditions of the agreement of the Shareholder (i) to tender, or cause to be tendered, to the Offer all Company Shares, including any Company Shares issued pursuant to any Option or other convertible security of the Company, directly or indirectly beneficially owned, or over which control or direction is directly or indirectly exercised, by the Shareholder at any time from the date hereof to and including the Expiry Time (the &#147;<b>Deposited Shares</b>&#148;), and (ii) to abide by the restrictions and covenants set forth herein;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">AND WHEREAS</font></b><font size="2" style="font-size:10.0pt;"> the Offeror is relying on the covenants, representations and warranties of the Shareholder set forth in this Agreement in connection with the Offeror&#146;s execution and delivery of the Acquisition Agreement;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\106203\13-14720-1\task6100446\14720-1-cq-01.htm',USER='106203',CD='Jun 18 04:25 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NOW THEREFORE</font></b><font size="2" style="font-size:10.0pt;"> this Agreement witnesses that, in consideration of the premises and the covenants and agreements herein contained, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged by the parties, the parties hereto agree as follows:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ARTICLE&nbsp;1<br> INTERPRETATION</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">All capitalized terms used but not otherwise defined herein shall have the respective meaning ascribed to them in the Acquisition Agreement. All references herein to the Acquisition Agreement or any portion thereof refer to the Acquisition Agreement as amended, modified, restated or waived.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">In this Agreement, unless otherwise expressly stated or the context otherwise requires:</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">references to &#147;herein&#148;, &#147;hereby&#148;, &#147;hereunder&#148;, &#147;hereof&#148; and similar expressions are references to this Agreement and not to any particular Article, Section or clause of or Schedule to this Agreement;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">references to an &#147;Article&#148;, a &#147;Section&#148;, a &#147;clause&#148; or a &#147;Schedule&#148; are references to an Article, a Section or a clause of or a Schedule to this Agreement;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the use of headings is for convenience of reference only and shall not affect the construction or interpretation hereof;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">if the date on which any action is required to be taken hereunder by any of the parties is not a Business Day, such action shall be required to be taken on the next succeeding day that is a Business Day;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">a period of Business Days is to be computed as beginning on the day following the event that began the period and ending at 4:30 p.m. (Toronto time) on the last day of the period if the period is a Business Day or at 4:30 p.m. (Toronto time) on the next Business Day if the last day of the period does not fall on a Business Day;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">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 a party and its subsidiaries, taken as a whole; and</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">wherever the term &#147;includes&#148; or &#147;including&#148; is used, it shall be deemed to mean &#147;includes, without limitation&#148; or &#147;including, without limitation&#148;, respectively.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.3</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">References to the &#147;knowledge of the Shareholder&#148; mean the actual knowledge or awareness, after due inquiry, of the Shareholder or, if applicable, any senior officer of the Shareholder, and includes the knowledge that such Shareholder or senior officer, as applicable, would have, assuming they made an enquiry that is reasonable in the circumstances of this Agreement.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2<a name="PB_2_042402_7056"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='2',FILE='C:\JMS\106203\13-14720-1\task6100446\14720-1-cq-01.htm',USER='106203',CD='Jun 18 04:25 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ARTICLE&nbsp;2<br> THE OFFER</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Subject to Section 2.2, the Offeror hereby agrees and confirms to the Shareholder that the Offeror shall make the Offer, or cause the Offer to be made, in accordance with the terms and subject to the conditions set forth in the Acquisition Agreement and shall take up and pay for all Company Shares tendered under the Offer, including all Deposited Shares, as soon as reasonably possible and in any event not later than three (3) Business Days following the time at which the Offeror becomes first entitled pursuant to applicable securities Law to take up such Company Shares in accordance with the terms and subject to the conditions of the Offer.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The obligation of the Offeror to make the Offer or cause the Offer to be made shall be subject to the conditions set forth in the Acquisition Agreement. The obligation of the Offeror under the Offer to take up and pay for Company Shares deposited to the Offer and not withdrawn shall not be subject to any conditions, save and except the conditions set out in Schedule A of the Acquisition Agreement. The Offeror may, in its sole discretion, modify or waive any term or condition of the Offer in accordance with the Acquisition Agreement.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ARTICLE&nbsp;3<br> CERTAIN COVENANTS OF THE SHAREHOLDER</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Shareholder hereby covenants and irrevocably agrees that it shall, from the date hereof until the earlier of (i) the termination of this Agreement pursuant to Article&nbsp;7, and (ii) the Expiry Time, except in accordance with the terms of this Agreement:</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">not, directly or indirectly through any of its Representatives, (i) solicit, assist, initiate, knowingly encourage or facilitate (including by way of discussion, negotiation, furnishing information, permitting any visit to any facilities or properties of the Company or the Company Subsidiary, or entering into any form of written or oral agreement, arrangement or understanding) any inquiries, proposals or offers regarding, or that may reasonably be expected to lead to, any Acquisition Proposal, (ii) engage or participate in any discussions or negotiations regarding, or provide any information with respect to or otherwise cooperate with any person (other than the Offeror and its Representatives) regarding, any Acquisition Proposal or potential Acquisition Proposal, (iii) accept or enter into, or publicly propose to accept or enter into, any letter of intent, agreement in principle, agreement, arrangement or undertaking related to any Acquisition Proposal, (iv) provide any information relating to the Company to any person or group in connection with any Acquisition Proposal, or (v) otherwise co-operate in any way with any effort or attempt by any other person or group to do or seek to do any of the foregoing; provided, however, that nothing contained in this Section 3.1 or other provisions of this Agreement shall prevent the Shareholder, if a member of the board of directors of the Company or a senior officer of the Company, from engaging in discussions or negotiations with or furnishing information to, in the Shareholder&#146;s capacity as a director or senior officer of the Company, any person in response to an unsolicited <i>bona fide</i> Acquisition Proposal made in writing to the board of directors of the Company by such person (which Acquisition Proposal did not result from a breach of this Agreement or the Acquisition Agreement) in circumstances where the Company </font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3<a name="PB_3_042415_5335"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='3',FILE='C:\JMS\106203\13-14720-1\task6100446\14720-1-cq-01.htm',USER='106203',CD='Jun 18 04:25 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">is permitted by Section 6.3 of the Acquisition Agreement to engage in such discussions or negotiations or furnish such information;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">immediately cease and cause to be terminated all existing solicitation, discussion, negotiation, encouragement or activity, if any, with any person or group or any agent or representative of any person or group conducted before the date of this Agreement with respect to any Acquisition Proposal or any potential Acquisition Proposal;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">promptly (and in any event within 24 hours following receipt or knowledge) notify the Offeror of any proposal, inquiry, offer or request relating to, or of discussions or negotiations in respect of, an Acquisition Proposal or potential Acquisition Proposal or any proposal, inquiry, offer or request or discussions or negotiations that could reasonably lead or be expected to lead to an Acquisition Proposal of which the Shareholder becomes, directly or indirectly, aware. Such notification shall be made first orally and then in writing and shall include a description of the material terms and conditions together with a copy of all documentation relating to any such proposal, inquiry, offer or request or discussions or negotiations within the Shareholder&#146;s possession;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">not option, sell, transfer, pledge, encumber, grant a security interest in, hypothecate or otherwise convey or enter into any forward sale, repurchase agreement or other monetization transaction with respect to any of the Deposited Shares, or any right or interest therein (legal or equitable), to or with any person or group or agree to do any of the foregoing;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">not grant or agree to grant any proxy, power of attorney or other right to vote the Deposited Shares, or enter into any voting, voting trust, vote pooling or other agreement with respect to the right to vote, call meetings of securityholders or give consents or approval of any kind with respect to any of the Deposited Shares;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">not requisition or join in any requisition of any meeting of securityholders of the Company without the prior written consent of the Offeror, or vote or cause to be voted any of the Deposited Shares in respect of any proposed action by the Company or its Shareholders or affiliates or any other person or group in a manner which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and this Agreement; and</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">not do indirectly that which it may not do directly by the terms of this Article&nbsp;3 or take any other action of any kind, directly or indirectly, which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and this Agreement.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Shareholder hereby covenants to exercise or surrender any Options held by the Shareholder prior to or as of the Expiry Time so that the Shareholder will hold no Options as of the Expiry Time, in accordance with the terms of the Acquisition Agreement.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4<a name="PB_4_042425_5796"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='4',FILE='C:\JMS\106203\13-14720-1\task6100446\14720-1-cq-01.htm',USER='106203',CD='Jun 18 04:25 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ARTICLE&nbsp;4<br> AGREEMENT TO TENDER</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Shareholder hereby covenants and agrees that if the Offeror makes the Offer in compliance with Article&nbsp;2 and the Acquisition Agreement, the Shareholder shall, within 14 days of the mailing of the Offer Circular, irrevocably deposit or cause to be irrevocably deposited with the depositary under the Offer in acceptance of the Offer all of the Deposited Shares in accordance with the terms of the Offer, and thereafter the Shareholder shall not withdraw or take any action to withdraw any of the Deposited Shares deposited under the Offer (notwithstanding any statutory rights, rights under the terms of the Offer or rights which the Shareholder might otherwise have) except upon the termination of this Agreement in accordance with its terms. Subject to this Section 4.1, for greater certainty, in respect of Company Shares that are to be issued upon the exercise of Options, the Shareholder shall, within 14 days of the mailing of the Offer Circular, irrevocably direct the depositary under the Offer that, upon the issue of such Company Shares immediately before the Expiry Time of the Offer, such Company Shares are to be deposited to the Offer and it is understood and agreed that, upon such direction, such Company Shares will be treated as having been deposited in accordance with this Agreement.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">For greater certainty, for the purposes of this Agreement, the term &#147;<b>Company Shares</b>&#148; shall include all the common shares, including all the common shares issued under outstanding Options, of the Company and shall include all shares or other securities into or for which the Company Shares may be converted, exchanged or otherwise changed pursuant to any reorganization, merger, amalgamation or other transaction involving the Company prior to the acquisition of the Deposited Shares by the Offeror under the Offer.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.3</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">If (i) the Offeror concludes after the date of this Agreement that it is necessary or desirable to proceed with a form of transaction other than the Offer (such as a plan of arrangement or amalgamation) whereby the Offeror and/or its affiliates would effectively acquire all the Company Shares on economic and other terms and conditions (including, without limitation, tax treatment) having consequences to the Shareholder that are equivalent to or better than those contemplated by this Agreement and the Acquisition Agreement (any such transaction is referred to as an &#147;<b>Alternative Transaction</b>&#148;), and (ii) the Board recommends that Shareholders approve or support the Alternative Transaction, then the Shareholder agrees to support the completion of the Alternative Transaction in the same manner as the Offer, including, if necessary, by voting the Deposited Shares in favour of a special resolution approving the Alternative Transaction.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ARTICLE&nbsp;5<br> REPRESENTATIONS AND WARRANTIES OF THE SHAREHOLDER</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Shareholder represents and warrants to the Offeror as follows and acknowledges that the Offeror is relying upon these representations and warranties in connection with the entering into of this Agreement and the Acquisition Agreement and the purchase by the Offeror of the Deposited Shares under the Offer:</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">in the case that the Shareholder is not an individual, the Shareholder is validly existing under the laws of its jurisdiction of formation and has the requisite power and authority to conduct its business as it is now being conducted and to enter into this Agreement and to perform its obligations hereunder;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5<a name="PB_5_042439_2897"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='5',FILE='C:\JMS\106203\13-14720-1\task6100446\14720-1-cq-01.htm',USER='106203',CD='Jun 18 04:25 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">in the case that the Shareholder is not an individual, the execution and delivery of this Agreement by the Shareholder and the performance by it of its obligations hereunder have been duly authorized by its board of directors (or equivalent body) and no other proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">this Agreement has been duly executed and delivered by the Shareholder and, assuming the due authorization, execution and delivery by the Offeror, constitutes a legal, valid and binding obligation, enforceable by the Offeror against the Shareholder in accordance with its terms, subject, however, to limitations imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction is within the discretion of the court from which they are sought;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">(i) the Shareholder is the sole registered and/or direct or indirect beneficial owner of the number of Company Shares listed opposite the Shareholder&#146;s name on Schedule &#147;A&#148; and is the sole legal and beneficial owner of the number of Options listed opposite the Shareholder&#146;s name on Schedule &#147;B&#148;; (ii) the only Company Shares or other securities of the Company directly or indirectly beneficially owned, or over which control or direction is directly or indirectly exercised, by the Shareholder are those listed opposite the Shareholder&#146;s name on Schedule &#147;A&#148; and Schedule &#147;B&#148;; and (iii) except as listed on Schedule &#147;B&#148;, the Shareholder has no agreement or option, or right or privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase or acquisition by the Shareholder of any additional Company Shares or other securities of the Company;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Shareholder has the sole right to sell and vote all the Deposited Shares and all the Deposited Shares will, at the time at which the Offeror takes up and pays for the Deposited Shares, be beneficially owned solely by the Shareholder with good and marketable title thereto, free and clear of any and all mortgages, liens, charges, restrictions, security interests, adverse claims, pledges, encumbrances and demands or rights of others of any nature or kind whatsoever;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">no individual, firm or entity has any agreement or option, or any right or privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase, acquisition or transfer from the Shareholder of any of the Deposited Shares or any interest therein or right thereto, except the Offeror pursuant to this Agreement;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">none of the execution and delivery by the Shareholder of this Agreement, the completion or performance of the transactions contemplated hereby or the compliance by the Shareholder with the Shareholder&#146;s obligations hereunder will result in a breach of (i) any agreement or instrument to which the Shareholder is a party or by which the Shareholder or any of the Shareholder&#146;s property or assets are bound; (ii) to the knowledge of the Shareholder, any judgment, decree, order or award of any Regulatory Authority; or (iii) to the knowledge of the Shareholder, any law, statute, ordinance, regulation or rule relevant in the context of the Offer or this Agreement; and</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6<a name="PB_6_042451_3020"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='6',FILE='C:\JMS\106203\13-14720-1\task6100446\14720-1-cq-01.htm',USER='106203',CD='Jun 18 04:25 2013' -->


<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">there are no legal proceedings in progress or pending before any Regulatory Authority or, to the knowledge of the Shareholder, threatened against the Shareholder or its affiliates that would adversely affect in any manner the ability of the Shareholder to enter into this Agreement and to perform its obligations hereunder or the title of the Shareholder to any of the Deposited Shares.</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 35.45pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The representations and warranties of the Shareholder set forth in this Article 5 shall survive the completion of the purchase by the Offeror of the Deposited Shares under the Offer and, despite such completion, shall continue in full force and effect for the benefit of the Offeror for a period of one year thereafter, except for the representation and warranty set forth in clause (e) above, which shall survive indefinitely.</font></p>
<p style="margin:0in 0in .0001pt 35.45pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ARTICLE 6<br> REPRESENTATIONS AND WARRANTIES OF THE OFFEROR</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Offeror represents and warrants to the Shareholder as follows and acknowledges that the Shareholder is relying upon these representations and warranties in connection with the entering into of this Agreement:</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Offeror is validly existing under the laws of British Columbia and has the requisite corporate power and authority to conduct its business as it is now being conducted and to enter into this Agreement and to perform its obligations hereunder;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the execution and delivery of this Agreement by the Offeror and the performance by it of its obligations hereunder have been duly authorized by its board of directors and no other corporate proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">this Agreement has been duly executed and delivered by the Offeror and, assuming the due authorization, execution and delivery by the Shareholder, constitutes a legal, valid and binding obligation, enforceable by the Shareholder against the Offeror in accordance with its terms, subject, however, to limitations imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction is within the discretion of the court from which they are sought;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">no authorization, consent, approval, licence, permit or order of, or registration, declaration or filing with, any third party or Regulatory Authority is required to be obtained or made by the Offeror in connection with the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby, except for such authorizations, consents, approvals and filings as to which the failure to obtain or make would not, individually or in the aggregate, prevent or materially delay consummation of the transactions contemplated by this Agreement; and</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the common shares of the Offeror to be issued pursuant to the Offer will, when issued pursuant to the Offer, be duly and validly issued as fully paid and non-assessable common shares in the capital of the Offeror, and the Offeror has</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7<a name="PB_7_042552_5796"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='7',FILE='C:\JMS\106466\13-14720-1\task6100449\14720-1-cq-03.htm',USER='106466',CD='Jun 18 04:30 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">sufficient funds available to pay the Maximum Cash Consideration payable by the Offeror pursuant to the Offer.</font></p>
<p style="margin:0in 0in .0001pt 35.45pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 35.45pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The representations and warranties of the Offeror set forth in this Article 6 shall survive the completion of the purchase by the Offeror of the Deposited Shares under the Offer and, despite such completion, shall continue in full force and effect for the benefit of the Shareholder for a period of one year thereafter.</font></p>
<p style="margin:0in 0in .0001pt 35.45pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ARTICLE 7<br> TERMINATION</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">This Agreement may be terminated:</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">at any time by written agreement of the Offeror and the Shareholder;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">by the Shareholder upon notice to the Offeror, if:</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Offeror has not made the Offer within the time periods provided for in Section 2.1 of the Acquisition Agreement;</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Offer shall have expired or shall have been withdrawn in accordance with its terms without the Offeror having purchased any Company Shares pursuant to the Offer;</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">any representation or warranty of the Offeror contained herein is untrue or incorrect in any material respect and, in each case, such non-compliance or inaccuracy would reasonably be expected to prevent the completion of the Offer and is not curable or, if curable, is not cured by the earlier of the date that is five Business Days after the date of written notice of such breach and the Business day prior to the Expiry Time; or</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iv)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Acquisition Agreement has been terminated in accordance with its terms; and</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">by the Offeror upon notice to the Shareholder, if:</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(i)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Shareholder has not complied in all material respects with its covenants to the Offeror contained herein or therein;</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(ii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">any representation or warranty of the Shareholder contained herein is at the date hereof, or becomes at any time prior to the Expiry Time, untrue or incorrect in any material respect;</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iii)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">the Acquisition Agreement has been terminated in accordance with its terms; or</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(iv)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">any of the conditions to the Offer is not satisfied or waived by the Offeror at or prior to the Expiry Time;</font></p>
<p style="margin:0in 0in .0001pt 1.5in;text-indent:-.3in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 35.45pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">provided, however, that any such termination shall not prejudice the rights of a party as a result of any breach by the other party of its obligations hereunder. Upon termination of</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8<a name="PB_8_042557_2897"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='8',FILE='C:\JMS\106466\13-14720-1\task6100449\14720-1-cq-03.htm',USER='106466',CD='Jun 18 04:30 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 35.45pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">this Agreement, the Shareholder shall be entitled to withdraw any of the Deposited Shares tendered under the Offer.</font></p>
<p style="margin:0in 0in .0001pt 35.45pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ARTICLE 8 <br> DISCLOSURE</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Except as required by applicable Law or by any Regulatory Authority or in accordance with the requirements of any stock exchange, no party shall make any public announcement or statement with respect to this Agreement without the approval of the other, which shall not be unreasonably withheld or delayed. The parties acknowledge and agree that this Agreement may be summarized in, referred to and/or annexed to any take-over bid circular in respect of the Offer or other disclosure document in connection with the Offer and in any public announcement or statement by the Offeror or the Company with respect thereto and will be publicly filed where required by applicable Law. A copy of this Agreement may be provided to the directors of the Company.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">ARTICLE 9<br> GENERAL</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">For the avoidance of doubt, nothing in this Agreement shall limit any person from fulfilling his or her fiduciary duties as a director or officer of the Company, however any such exercise of fiduciary duties by a director or officer of the Company shall not in any way diminish his or her obligations as a Shareholder under this Agreement.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">This Agreement shall become effective upon execution and delivery hereof by the Shareholder and Offeror.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.3</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Shareholder and the Offeror shall, from time to time, promptly execute and deliver all such further documents and instruments and do all such acts and things as the other party may reasonably require to effectively carry out the intent of this Agreement.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.4</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">This Agreement shall not be assignable by any party without the prior written consent of the other party. This Agreement shall be binding upon and shall enure to the benefit of and be enforceable by each of the parties hereto and their respective heirs, executors, successors and permitted assigns, as applicable.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.5</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Time shall be of the essence of this Agreement.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.6</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Any notice or other communication required or permitted to be given hereunder shall be sufficiently given if in writing, delivered or sent by telecopier or facsimile transmission:</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">in the case of the Shareholder, to:</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">[Redacted]</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fax:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">[Redacted]</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">in the case of the Offeror, to:</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9<a name="PB_9_042604_3020"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='9',FILE='C:\JMS\106466\13-14720-1\task6100449\14720-1-cq-03.htm',USER='106466',CD='Jun 18 04:30 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold Inc.<br> 200 Bay Street, Royal Bank Plaza</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Suite 3120</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Toronto, Ontario&#160; M5J 2J4</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Attention: Brian Penny, Executive Vice President and Chief Financial Officer</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fax: (416) 324-9494</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">and with a copy to (which shall not constitute notice):</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Cassels Brock &amp; Blackwell LLP<br> Suite 2100, Scotia Plaza<br> 40 King Street West<br> Toronto, Ontario<br> M5H 3C2</font></p>
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="22%" valign="top" style="padding:0in 0in 0in 0in;width:22.76%;">
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Attention:</font></p>    </td>
<td width="77%" valign="top" style="padding:0in 0in 0in 0in;width:77.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Andrea FitzGerald</font></p>    </td>   </tr>
<tr>
<td width="22%" valign="top" style="padding:0in 0in 0in 0in;width:22.76%;">
<p style="margin:0in 0in .0001pt 1.0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fax:</font></p>    </td>
<td width="77%" valign="top" style="padding:0in 0in 0in 0in;width:77.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(416) 640-3194</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt 121.5pt;text-indent:-49.5pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">at such other address as the party to which such notice or other communication is to be given has last notified the party giving the same in the manner provided in this section,</font></p>
<p style="margin:0in 0in .0001pt 1.0in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">and if so given shall be deemed to have been received on the date of such delivery or sending (or, if such day is not a Business Day, on the next following Business Day).</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.7</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">This Agreement and the rights and obligations of the parties hereto shall be governed by and construed in accordance with the laws of the Province of British Columbia and the federal laws of Canada applicable therein and the Shareholder and the Offeror irrevocably attorn to the jurisdiction of the courts of the Province of British Columbia.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.8</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Shareholder agrees with the Offeror that: (i) money damages would not be a sufficient remedy for any breach of this Agreement by the Shareholder; (ii) in addition to any other remedies at law or in equity that the Offeror may have, the Offeror shall be entitled to seek equitable relief, including injunction and specific performance, in addition to any other remedies available to it, in the event of any breach by the Shareholder of the provisions of this Agreement; and (iii) the Shareholder agrees that if it is a defendant or respondent it shall waive any requirement for the securing or posting of any bond in connection with such remedy. The Shareholder hereby consents to any preliminary applications for such relief to any court of competent jurisdiction. The Offeror shall be reimbursed for all costs and expenses, including reasonable legal fees, incurred in enforcing its obligations hereunder. Such remedies shall not be deemed to be exclusive remedies of the Offeror for the breach of this Agreement by the Shareholder but shall be in addition to all other remedies at law or in equity.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.9</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">If any term or other provision of this Agreement is determined by a court of competent jurisdiction to be invalid, illegal or unenforceable in any respect, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not irremediably affected in any manner materially adverse to any party hereto. Upon such determination that any term or other provision is invalid, illegal or incapable of being</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10<a name="PB_10_042608_7748"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='10',FILE='C:\JMS\106466\13-14720-1\task6100449\14720-1-cq-03.htm',USER='106466',CD='Jun 18 04:30 2013' -->

<br clear="all" style="page-break-before:always;">
<div style="font-family:Times New Roman;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties hereto as closely as possible in an acceptable manner to the end that transactions contemplated hereby are fulfilled according to their original tenor to the extent possible.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.10</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">This Agreement constitutes the entire agreement and supersedes all other prior agreements and undertakings, both written and oral, among the parties with respect to the subject matter hereof.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.11</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">This Agreement may be executed in any number of counterparts and by facsimile (or other electronic transmission), each of which shall be deemed to be an original and all of which taken together shall be deemed to constitute one and the same instrument, and it shall not be necessary in making proof of this Agreement to produce more than one counterpart.</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">[Signature Page Follows]</font></i></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11<a name="PB_11_042616_141"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='11',FILE='C:\JMS\106466\13-14720-1\task6100449\14720-1-cq-03.htm',USER='106466',CD='Jun 18 04:30 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .1pt;text-indent:35.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">IN WITNESS WHEREOF the parties have executed this Agreement as of the date first written above.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="50%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NEW GOLD INC.</font></b></p>    </td>   </tr>
<tr>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="45%" valign="top" style="padding:0in 0in 0in 0in;width:45.58%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="45%" valign="top" style="padding:0in 0in 0in 0in;width:45.58%;">
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>   </tr>
<tr>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>    </td>
<td width="45%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:45.58%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Signed &#147;Brian Penny&#148;</font></i></p>    </td>   </tr>
<tr>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="45%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:45.58%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name: Brian Penny</font></p>    </td>   </tr>
<tr>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="25%" valign="top" style="padding:0in 0in 0in 0in;width:25.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="45%" valign="top" style="padding:0in 0in 0in 0in;width:45.58%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title: Executive Vice President and Chief   Financial Officer</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Irrevocably accepted and agreed to as of May 31, 2013</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="47%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:47.26%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNED &amp; DELIVERED</font></b></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.4%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="45%" valign="top" style="padding:0in 0in 0in 0in;width:45.58%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="47%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:47.26%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">in the presence of:</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.4%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="45%" valign="top" style="padding:0in 0in 0in 0in;width:45.58%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="42%" valign="top" style="padding:0in 0in 0in 0in;width:42.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.4%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="45%" valign="top" style="padding:0in 0in 0in 0in;width:45.58%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="42%" valign="top" style="padding:0in 0in 0in 0in;width:42.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.4%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="45%" valign="top" style="padding:0in 0in 0in 0in;width:45.58%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>    </td>
<td width="42%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:42.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.4%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>    </td>
<td width="45%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:45.58%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Signed &#147;Raymond Threlkeld&#148;</font></i></p>    </td>   </tr>
<tr>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="42%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:42.5%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Witness</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.4%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="45%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:45.58%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Raymond Threlkeld</font></p>    </td>   </tr>
<tr>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="42%" valign="top" style="padding:0in 0in 0in 0in;width:42.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="2%" valign="top" style="padding:0in 0in 0in 0in;width:2.76%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.4%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="45%" valign="top" style="padding:0in 0in 0in 0in;width:45.58%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\106466\13-14720-1\task6100449\14720-1-cq-03.htm',USER='106466',CD='Jun 18 04:30 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SCHEDULE &#147;A&#148;<br> OWNERSHIP OF COMMON SHARES OF RAINY RIVER RESOURCES LTD.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="28%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:28.28%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Name</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.52%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="33%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:33.34%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Total number of Company<br>   Shares beneficially owned<br>   or controlled</font></b></p>    </td>
<td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.52%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="33%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:33.34%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Registered holder if<br>   different from beneficial<br>   owner</font></b></p>    </td>   </tr>
<tr>
<td width="28%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:28.28%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Raymond Threlkeld</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.52%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="33%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:33.34%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">56,314</font></p>    </td>
<td width="2%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:2.52%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="33%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:33.34%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Nil</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\106466\13-14720-1\task6100449\14720-1-cq-03.htm',USER='106466',CD='Jun 18 04:30 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SCHEDULE &#147;B&#148;<br> OWNERSHIP OF OPTIONS OF RAINY RIVER RESOURCES LTD.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="49%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:49.0%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Name</font></b></p>    </td>
<td width="3%" valign="bottom" style="padding:0in 0in 0in 0in;width:3.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="48%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Total number of Options owned</font></b></p>    </td>   </tr>
<tr>
<td width="49%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:49.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Raymond Threlkeld</font></p>    </td>
<td width="3%" valign="bottom" bgcolor="#CCEEFF" style="background:#CCEEFF;padding:0in 0in 0in 0in;width:3.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" bgcolor="#CCEEFF" style="background:#CCEEFF;border:none;padding:0in 0in 0in 0in;width:48.0%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1,500,000</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\106466\13-14720-1\task6100449\14720-1-cq-03.htm',USER='106466',CD='Jun 18 04:30 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.10
<SEQUENCE>15
<FILENAME>a13-14720_1ex2d10.htm
<DESCRIPTION>EX-2.10
<TEXT>
<html>
<head>

    <!--Licensed to: New Gold Inc.-->
    <!--Document Created using EDGARizer 2020 5.4.5.0-->
    <!--Copyright 1995 - 2013 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
<hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
</div>

<div style="TEXT-ALIGN: right">Exhibit 2.10</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div><br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">LOCK-UP AGREEMENT</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">THIS AGREEMENT</font> made the 30th day of May, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">B E T W E E N:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">GARETT MACDONALD</font>, a businessman residing at, [Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(hereinafter called the "<font style="DISPLAY: inline; FONT-WEIGHT: bold"> Shareholder</font>"),</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- and -</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NEW GOLD INC.</font>, a corporation existing under the laws of the Province of British Columbia,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(hereinafter called the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offeror</font>").</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">WHEREAS</font> the Shareholder is the registered and/or direct or indirect beneficial owner of Company Shares (as hereinafter defined) and options to purchase Company Shares (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Options</font>") of Rainy River Resources Ltd.<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>(the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company</font>"), as more particularly described herein;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> the Offeror is concurrently herewith entering into an Acquisition Agreement (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Acquisition Agreement</font>") with the Company which provides for, among other things, the Offeror making a take-over bid (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offer</font>") to acquire all of the issued and outstanding Company Shares, including all Company Shares that may be issued under outstanding options, warrants or other rights to purchase Company Shares, for consideration per Company Share of, at the election of each of the holders of Company Shares, either (i) Cdn.$3.83 in cash, or (ii) 0.5 of a common share of the Offeror, subject to proration as provided in the Acquisition Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> this Agreement sets out the terms and conditions of the agreement of the Shareholder (i) to tender, or cause to be tendered, to the Offer all Company Shares, including any Company Shares issued pursuant to any Option or other convertible security of the Company, directly or indirectly beneficially owned, or over which control or <font style="BACKGROUND-COLOR: #ffffff; DISPLAY: inline">direction is directly or indirectly exercised, by the Shareholder at any time from the date hereof to and including the Expiry Time</font> (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Deposited Shares</font>"), and (ii) to abide by the restrictions and covenants set forth herein;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> the Offeror is relying on the covenants, representations and warranties of the Shareholder set forth in this Agreement in connection with the Offeror's execution and delivery of the Acquisition Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NOW THEREFORE</font> this Agreement witnesses that, in consideration of the premises and the covenants and agreements herein contained, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged by the parties, the parties hereto agree as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 2 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 1</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">INTERPRETATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All capitalized terms used but not otherwise defined herein shall have the respective meaning ascribed to them in the Acquisition Agreement. All references herein to the Acquisition Agreement or any portion thereof refer to the Acquisition Agreement as amended, modified, restated or waived.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In this Agreement, unless otherwise expressly stated or the context otherwise requires:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to "herein", "hereby", "hereunder", "hereof" and similar expressions are references to this Agreement and not to any particular Article, Section or clause of or Schedule to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to an "Article", a "Section", a "clause" or a "Schedule" are references to an Article, a Section or a clause of or a Schedule to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the use of headings is for convenience of reference only and shall not affect the construction or interpretation hereof;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">if the date on which any action is required to be taken hereunder by any of the parties is not a Business Day, such action shall be required to be taken on the next succeeding day that is a Business Day;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a period of Business Days is to be computed as beginning on the day following the event that began the period and ending at 4:30 p.m. (Toronto time) on the last day of the period if the period is a Business Day or at 4:30 p.m. (Toronto time) on the next Business Day if the last day of the period does not fall on a Business Day;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the terms "material" and "materially" shall, when used in this Agreement, be construed, measured or assessed on the basis of whether the matter would materially affect a party and its subsidiaries, taken as a whole; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">wherever the term "includes" or "including" is used, it shall be deemed to mean "includes, without limitation" or "including, without limitation", respectively.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">References to the "knowledge of the Shareholder" mean the actual knowledge or awareness, after due inquiry, of the Shareholder or, if applicable, any senior officer of the Shareholder, and includes the knowledge that such Shareholder or senior officer, as applicable, would have, assuming they made an enquiry that is reasonable in the circumstances of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 2</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">THE OFFER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Subject to Section 2.2, the Offeror hereby agrees and confirms to the Shareholder that the Offeror shall make the Offer, or cause the Offer to be made, in accordance with the terms and subject to the conditions set forth in the Acquisition Agreement and shall take up and pay for all Company Shares tendered under the Offer, including all Deposited Shares, as soon as reasonably possible and in any event not later than three (3)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;3 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Business Days following the time at which the Offeror becomes first entitled pursuant to applicable securities Law to take up such Company Shares in accordance with the terms and subject to the conditions of the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The obligation of the Offeror to make the Offer or cause the Offer to be made shall be subject to the conditions set forth in the Acquisition Agreement. The obligation of the Offeror under the Offer to take up and pay for Company Shares deposited to the Offer and not withdrawn shall not be subject to any conditions, save and except the conditions set out in Schedule A of the Acquisition Agreement. The Offeror may, in its sole discretion, modify or waive any term or condition of the Offer in accordance with the Acquisition Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 3</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CERTAIN COVENANTS OF THE SHAREHOLDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants and irrevocably agrees that it shall, from the date hereof until the earlier of (i) the termination of this Agreement pursuant to Article 7, and (ii) the Expiry Time, except in accordance with the terms of this Agreement:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not, directly or indirectly through any of its Representatives, (i) solicit, assist, initiate, knowingly encourage or facilitate (including by way of discussion, negotiation, furnishing information, permitting any visit to any facilities or properties of the Company or the Company Subsidiary, or entering into any form of written or oral agreement, arrangement or understanding) any inquiries, proposals or offers regarding, or that may reasonably be expected to lead to, any Acquisition Proposal, (ii) engage or participate in any discussions or negotiations regarding, or provide any information with respect to or otherwise cooperate with any person (other than the Offeror and its Representatives) regarding, any Acquisition Proposal or potential Acquisition Proposal, (iii) accept or enter into, or publicly propose to accept or enter into, any letter of intent, agreement in principle, agreement, arrangement or undertaking related to any Acquisition Proposal, (iv) provide any information relating to the Company to any person or group in connection with any Acquisition Proposal, or (v) otherwise co-operate in any way with any effort or attempt by any other person or group to do or seek to do any of the foregoing; provided, however, that nothing contained in this Section 3.1 or other provisions of this Agreement shall prevent the Shareholder, if a member of the board of directors of the Company or a senior officer of the Company, from engaging in discussions or negotiations with or furnishing information to, in the Shareholder's capacity as a director or senior officer of the Company, any person in response to an unsolicited <font style="FONT-STYLE: italic; DISPLAY: inline">bona fide</font> Acquisition Proposal made in writing to the board of directors of the Company by such person (which Acquisition Proposal did not result from a breach of this Agreement or the Acquisition Agreement) in circumstances where the Company is permitted by Section 6.3 of the Acquisition Agreement to engage in such discussions or negotiations or furnish such information;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">immediately cease and cause to be terminated all existing solicitation, discussion, negotiation, encouragement or activity, if any, with any person or group or any agent or representative of any person or group conducted before the date of this Agreement with respect to any Acquisition Proposal or any potential Acquisition Proposal;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;4 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">promptly (and in any event within 24 hours following receipt or knowledge) notify the Offeror of any proposal, inquiry, offer or request relating to, or of discussions or negotiations in respect of, an Acquisition Proposal or potential Acquisition Proposal or any proposal, inquiry, offer or request or discussions or negotiations that could reasonably lead or be expected to lead to an Acquisition Proposal of which the Shareholder becomes, directly or indirectly, aware. Such notification shall be made first orally and then in writing and shall include a description of the material terms and conditions together with a copy of all documentation relating to any such proposal, inquiry, offer or request or discussions or negotiations within the Shareholder's possession;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not option, sell, transfer, pledge, encumber, grant a security interest in, hypothecate or otherwise convey or enter into any forward sale, repurchase agreement or other monetization transaction with respect to any of the Deposited Shares, or any right or interest therein (legal or equitable), to or with any person or group or agree to do any of the foregoing;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not grant or agree to grant any proxy, power of attorney or other right to vote the Deposited Shares, or enter into any voting, voting trust, vote pooling or other agreement with respect to the right to vote, call meetings of securityholders or give consents or approval of any kind with respect to any of the Deposited Shares;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not requisition or join in any requisition of any meeting of securityholders of the Company without the prior written consent of the Offeror, or vote or cause to be voted any of the Deposited Shares in respect of any proposed action by the Company or its Shareholders or affiliates or any other person or group in a manner which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not do indirectly that which it may not do directly by the terms of this Article 3 or take any other action of any kind, directly or indirectly, which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants to exercise or surrender any Options held by the Shareholder prior to or as of the Expiry Time so that the Shareholder will hold no Options as of the Expiry Time, in accordance with the terms of the Acquisition Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 4</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">AGREEMENT TO TENDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants and agrees that if the Offeror makes the Offer in compliance with Article 2 and the Acquisition Agreement, the Shareholder shall, within 14 days of the mailing of the Offer Circular, irrevocably deposit or cause to be irrevocably deposited with the depositary under the Offer in acceptance of the Offer all of the Deposited Shares in accordance with the terms of the Offer, and thereafter the Shareholder shall not withdraw or take any action to withdraw any of the Deposited</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;5 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Shares deposited under the Offer (notwithstanding any statutory rights, rights under the terms of the Offer or rights which the Shareholder might otherwise have) except upon the termination of this Agreement in accordance with its terms. Subject to this Section 4.1, for greater certainty, in respect of Company Shares that are to be issued upon the exercise of Options, the Shareholder shall, within 14 days of the mailing of the Offer Circular, irrevocably direct the depositary under the Offer that, upon the issue of such Company Shares immediately before the Expiry Time of the Offer, such Company Shares are to be deposited to the Offer and it is understood and agreed that, upon such direction, such Company Shares will be treated as having been deposited in accordance with this Agreement.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For greater certainty, for the purposes of this Agreement, the term "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company Shares</font>" shall include all the common shares, including all the common shares issued under outstanding Options, of the Company and shall include all shares or other securities into or for which the Company Shares may be converted, exchanged or otherwise changed pursuant to any reorganization, merger, amalgamation or other transaction involving the Company prior to the acquisition of the Deposited Shares by the Offeror under the Offer.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If (i) the Offeror concludes after the date of this Agreement that it is necessary or desirable to proceed with a form of transaction other than the Offer (such as a plan of arrangement or amalgamation) whereby the Offeror and/or its affiliates would effectively acquire all the Company Shares on economic and other terms and conditions (including, without limitation, tax treatment) having consequences to the Shareholder that are equivalent to or better than those contemplated by this Agreement and the Acquisition Agreement (any such transaction is referred to as an "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Alternative Transaction</font>"), and (ii) the Board recommends that Shareholders approve or support the Alternative Transaction, then the Shareholder agrees to support the completion of the Alternative Transaction in the same manner as the Offer, including, if necessary, by voting the Deposited Shares in favour of a special resolution approving the Alternative Transaction.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 5</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES OF THE SHAREHOLDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">5.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder represents and warrants to the Offeror as follows and acknowledges that the Offeror is relying upon these representations and warranties in connection with the entering into of this Agreement and the Acquisition Agreement and the purchase by the Offeror of the Deposited Shares under the Offer:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case that the Shareholder is not an individual, the Shareholder is validly existing under the laws of its jurisdiction of formation and has the requisite power and authority to conduct its business as it is now being conducted and to enter into this Agreement and to perform its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case that the Shareholder is not an individual, the execution and delivery of this Agreement by the Shareholder and the performance by it of its obligations hereunder have been duly authorized by its board of directors (or equivalent body) and no other proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement has been duly executed and delivered by the Shareholder and, assuming the due authorization, execution and delivery by the Offeror,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;6 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">constitutes a legal, valid and binding obligation, enforceable by the Offeror against the Shareholder in accordance with its terms, subject, however, to limitations imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction is within the discretion of the court from which they are sought;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i) the Shareholder is the sole registered and/or direct or indirect beneficial owner of the number of Company Shares listed opposite the Shareholder's name on Schedule "A" and is the sole legal and beneficial owner of the number of Options listed opposite the Shareholder's name on Schedule "B"; (ii) the only Company Shares or other securities of the Company directly or indirectly beneficially owned, or over which control or direction is directly or indirectly exercised, by the Shareholder are those listed opposite the Shareholder's name on Schedule "A" and Schedule "B"; and (iii) except as listed on Schedule "B", the Shareholder has no agreement or option, or right or privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase or acquisition by the Shareholder of any additional Company Shares or other securities of the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Shareholder has the sole right to sell and vote all the Deposited Shares and all the Deposited Shares will, at the time at which the Offeror takes up and pays for the Deposited Shares, be beneficially owned solely by the Shareholder with good and marketable title thereto, free and clear of any and all mortgages, liens, charges, restrictions, security interests, adverse claims, pledges, encumbrances and demands or rights of others of any nature or kind whatsoever;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no individual, firm or entity has any agreement or option, or any right or privilege&#160;&#160;(whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase, acquisition or transfer from the Shareholder of any of the Deposited Shares or any interest therein or right thereto, except the Offeror pursuant to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">none of the execution and delivery by the Shareholder of this Agreement, the completion or performance of the transactions contemplated hereby or the compliance by the Shareholder with the Shareholder's obligations hereunder will result in a breach of (i) any agreement or instrument to which the Shareholder is a party or by which the Shareholder or any of the Shareholder's property or assets are bound; (ii) to the knowledge of the Shareholder, any judgment, decree, order or award of any Regulatory Authority; or (iii) to the knowledge of the Shareholder, any law, statute, ordinance, regulation or rule relevant in the context of the Offer or this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(h)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">there are no legal proceedings in progress or pending before any Regulatory Authority or, to the knowledge of the Shareholder, threatened against the Shareholder or its affiliates that would adversely affect in any manner the ability of the Shareholder to enter into this Agreement and to perform its obligations hereunder or the title of the Shareholder to any of the Deposited Shares.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The representations and warranties of the Shareholder set forth in this Article 5 shall survive the completion of the purchase by the Offeror of the Deposited Shares under the</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;7 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Offer and, despite such completion, shall continue in full force and effect for the benefit of the Offeror for a period of one year thereafter, except for the representation and warranty set forth in clause (e) above, which shall survive indefinitely.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 6</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES OF THE OFFEROR</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">6.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Offeror represents and warrants to the Shareholder as follows and acknowledges that the Shareholder is relying upon these representations and warranties in connection with the entering into of this Agreement:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror is validly existing under the laws of British Columbia and has the requisite corporate power and authority to conduct its business as it is now being conducted and to enter into this Agreement and to perform its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the execution and delivery of this Agreement by the Offeror and the performance by it of its obligations hereunder have been duly authorized by its board of directors and no other corporate proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement has been duly executed and delivered by the Offeror and, assuming the due authorization, execution and delivery by the Shareholder, constitutes a legal, valid and binding obligation, enforceable by the Shareholder against the Offeror in accordance with its terms, subject, however, to limitations imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction is within the discretion of the court from which they are sought;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no authorization, consent, approval, licence, permit or order of, or registration, declaration or filing with, any third party or Regulatory Authority is required to be obtained or made by the Offeror in connection with the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby, except for such authorizations, consents, approvals and filings as to which the failure to obtain or make would not, individually or in the aggregate, prevent or materially delay consummation of the transactions contemplated by this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the common shares of the Offeror to be issued pursuant to the Offer will, when issued pursuant to the Offer, be duly and validly issued as fully paid and non-assessable common shares in the capital of the Offeror, and the Offeror has sufficient funds available to pay the Maximum Cash Consideration payable by the Offeror pursuant to the Offer.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The representations and warranties of the Offeror set forth in this Article 6 shall survive the completion of the purchase by the Offeror of the Deposited Shares under the Offer and, despite such completion, shall continue in full force and effect for the benefit of the Shareholder for a period of one year thereafter.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;8 -</font></font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 7</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">TERMINATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">7.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may be terminated:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">at any time by written agreement of the Offeror and the Shareholder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Shareholder upon notice to the Offeror, if:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror has not made the Offer within the time periods provided for in Section 2.1 of the Acquisition Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offer shall have expired or shall have been withdrawn in accordance with its terms without the Offeror having purchased any Company Shares pursuant to the Offer;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any representation or warranty of the Offeror contained herein is untrue or incorrect in any material respect and, in each case, such non-compliance or inaccuracy would reasonably be expected to prevent the completion of the Offer and is not curable or, if curable, is not cured by the earlier of the date that is five Business Days after the date of written notice of such breach and the Business day prior to the Expiry Time; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Acquisition Agreement has been terminated in accordance with its terms; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Offeror upon notice to the Shareholder, if:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Shareholder has not complied in all material respects with its covenants to the Offeror contained herein or therein;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any representation or warranty of the Shareholder contained herein is at the date hereof, or becomes at any time prior to the Expiry Time, untrue or incorrect in any material respect;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Acquisition Agreement has been terminated in accordance with its terms; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any of the conditions to the Offer is not satisfied or waived by the Offeror at or prior to the Expiry Time;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">provided, however, that any such termination shall not prejudice the rights of a party as a result of any breach by the other party of its obligations hereunder. Upon termination of this Agreement, the Shareholder shall be entitled to withdraw any of the Deposited Shares tendered under the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 8</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">DISCLOSURE</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">8.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Except as required by applicable Law or by any Regulatory Authority or in accordance with the requirements of any stock exchange, no party shall make any public</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;9 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">announcement or statement with respect to this Agreement without the approval of the other, which shall not be unreasonably withheld or delayed. The parties acknowledge and agree that this Agreement may be summarized in, referred to and/or annexed to any take-over bid circular in respect of the Offer or other disclosure document in connection with the Offer and in any public announcement or statement by the Offeror or the Company with respect thereto and will be publicly filed where required by applicable Law. A copy of this Agreement may be provided to the directors of the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 9</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">GENERAL</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the avoidance of doubt, nothing in this Agreement shall limit any person from fulfilling his or her fiduciary duties as a director or officer of the Company, however any such exercise of fiduciary duties by a director or officer of the Company shall not in any way diminish his or her obligations as a Shareholder under this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement shall become effective upon execution and delivery hereof by the Shareholder and Offeror.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder and the Offeror shall, from time to time, promptly execute and deliver all such further documents and instruments and do all such acts and things as the other party may reasonably require to effectively carry out the intent of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.4</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement shall not be assignable by any party without the prior written consent of the other party. This Agreement shall be binding upon and shall enure to the benefit of and be enforceable by each of the parties hereto and their respective heirs, executors, successors and permitted assigns, as applicable.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.5</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Time shall be of the essence of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.6</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Any notice or other communication required or permitted to be given hereunder shall be sufficiently given if in writing, delivered or sent by telecopier or facsimile transmission:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case of the Shareholder, to:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">[Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;[Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case of the Offeror, to:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold Inc.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">200 Bay Street, Royal Bank Plaza</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Suite 3120</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Toronto, Ontario M5J 2J4</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Brian Penny, Executive Vice President and Chief Financial Officer</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(416) 324-9494</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and with a copy to (which shall not constitute notice):</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">- 10 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Cassels Brock &amp; Blackwell LLP</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Suite 2100, Scotia Plaza</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">40 King Street West</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Toronto, Ontario</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">M5H 3C2</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Andrea FitzGerald</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(416) 640-3194</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">at such other address as the party to which such notice or other communication is to be given has last notified the party giving the same in the manner provided in this section,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and if so given shall be deemed to have been received on the date of such delivery or sending (or, if such day is not a Business Day, on the next following Business Day).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.7</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement and the rights and obligations of the parties hereto shall be governed by and construed in accordance with the laws of the Province of<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>British Columbia<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>and the federal laws of Canada applicable therein and the Shareholder and the Offeror irrevocably attorn to the jurisdiction of the courts of the Province of British Columbia.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.8</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder agrees with the Offeror that: (i) money damages would not be a sufficient remedy for any breach of this Agreement by the Shareholder; (ii) in addition to any other remedies at law or in equity that the Offeror may have, the Offeror shall be entitled to seek equitable relief, including injunction and specific performance, in addition to any other remedies available to it, in the event of any breach by the Shareholder of the provisions of this Agreement; and (iii) the Shareholder agrees that if it is a defendant or respondent it shall waive any requirement for the securing or posting of any bond in connection with such remedy. The Shareholder hereby consents to any preliminary applications for such relief to any court of competent jurisdiction. The Offeror shall be reimbursed for all costs and expenses, including reasonable legal fees, incurred in enforcing its obligations hereunder. Such remedies shall not be deemed to be exclusive remedies of the Offeror for the breach of this Agreement by the Shareholder but shall be in addition to all other remedies at law or in equity.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.9</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If any term or other provision of this Agreement is determined by a court of competent jurisdiction to be invalid, illegal or unenforceable in any respect, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not irremediably affected in any manner materially adverse to any party hereto. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties hereto as closely as possible in an acceptable manner to the end that transactions contemplated hereby are fulfilled according to their original tenor to the extent possible.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.10</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement constitutes the entire agreement and supersedes all other prior agreements and undertakings, both written and oral, among the parties with respect to the subject matter hereof.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;11 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.11</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may be executed in any number of counterparts and by facsimile (or other electronic transmission), each of which shall be deemed to be an original and all of which taken together shall be deemed to constitute one and the same instrument, and it shall not be necessary in making proof of this Agreement to produce more than one counterpart.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">[Signature Page Follows]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IN WITNESS WHEREOF the parties have executed this Agreement as of the date first written above.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td rowspan="4" valign="top" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td rowspan="4" valign="top" width="23%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NEW GOLD INC.</font></div>
</td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Signed &#8220;Brian Penny&#8221;</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Name:&#160;&#160; Brian Penny</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Title:&#160;&#160;&#160;&#160;&#160;Executive Vice President and Chief Financial Officer</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Irrevocably accepted and agreed to on May 30, 2013</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="2" valign="top" width="37%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SIGNED &amp; DELIVERED</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the presence of:</font></div>
</td>
<td rowspan="4" valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="40%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td valign="top" width="32%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" rowspan="3" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="4%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Signed &#8220;Garett Macdonald&#8221;</font></div>
</td>
</tr><tr>
<td valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Witness</font></div>
</td>
<td valign="top" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Garett Macdonald</font></div>
</td>
</tr><tr>
<td valign="top" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="32%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SCHEDULE "A"</font></div>
</td>
</tr></table>

<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OWNERSHIP OF COMMON SHARES OF RAINY RIVER RESOURCES LTD.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total number of Company Shares beneficially owned or controlled</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Registered holder if different from beneficial owner</font></div>
</td>
</tr><tr>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Garett Macdonald</font></div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5,193</font></div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-WEIGHT: bold">SCHEDULE "B"</font><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OWNERSHIP OF OPTIONS OF RAINY RIVER RESOURCES LTD.</font></div>
</td>
</tr></table>
</div>

<div align="center">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
</table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total number of Options owned</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Garett Macdonald</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">525,000</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div>&#160;</div>

<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
<hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.11
<SEQUENCE>16
<FILENAME>a13-14720_1ex2d11.htm
<DESCRIPTION>EX-2.11
<TEXT>
<html>
<head>

    <!--Licensed to: New Gold Inc.-->
    <!--Document Created using EDGARizer 2020 5.4.5.0-->
    <!--Copyright 1995 - 2013 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
<hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
</div>

<div style="TEXT-ALIGN: right">Exhibit 2.11</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div><br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">LOCK-UP AGREEMENT</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">THIS AGREEMENT</font> made the 30th day of May, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">B E T W E E N:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">KERRY SPARKES</font>, a businessman residing at, [Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(hereinafter called the "<font style="DISPLAY: inline; FONT-WEIGHT: bold"> Shareholder</font>"),</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- and -</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NEW GOLD INC.</font>, a corporation existing under the laws of the Province of British Columbia,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(hereinafter called the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offeror</font>").</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">WHEREAS</font> the Shareholder is the registered and/or direct or indirect beneficial owner of Company Shares (as hereinafter defined) and options to purchase Company Shares (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Options</font>") of Rainy River Resources Ltd.<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>(the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company</font>"), as more particularly described herein;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> the Offeror is concurrently herewith entering into an Acquisition Agreement (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Acquisition Agreement</font>") with the Company which provides for, among other things, the Offeror making a take-over bid (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offer</font>") to acquire all of the issued and outstanding Company Shares, including all Company Shares that may be issued under outstanding options, warrants or other rights to purchase Company Shares, for consideration per Company Share of, at the election of each of the holders of Company Shares, either (i) Cdn.$3.83 in cash, or (ii) 0.5 of a common share of the Offeror, subject to proration as provided in the Acquisition Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> this Agreement sets out the terms and conditions of the agreement of the Shareholder (i) to tender, or cause to be tendered, to the Offer all Company Shares, including any Company Shares issued pursuant to any Option or other convertible security of the Company, directly or indirectly beneficially owned, or over which control or <font style="BACKGROUND-COLOR: #ffffff; DISPLAY: inline">direction is directly or indirectly exercised, by the Shareholder at any time from the date hereof to and including the Expiry Time</font> (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Deposited Shares</font>"), and (ii) to abide by the restrictions and covenants set forth herein;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> the Offeror is relying on the covenants, representations and warranties of the Shareholder set forth in this Agreement in connection with the Offeror's execution and delivery of the Acquisition Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NOW THEREFORE</font> this Agreement witnesses that, in consideration of the premises and the covenants and agreements herein contained, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged by the parties, the parties hereto agree as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 2 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 1</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">INTERPRETATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All capitalized terms used but not otherwise defined herein shall have the respective meaning ascribed to them in the Acquisition Agreement. All references herein to the Acquisition Agreement or any portion thereof refer to the Acquisition Agreement as amended, modified, restated or waived.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In this Agreement, unless otherwise expressly stated or the context otherwise requires:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to "herein", "hereby", "hereunder", "hereof" and similar expressions are references to this Agreement and not to any particular Article, Section or clause of or Schedule to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to an "Article", a "Section", a "clause" or a "Schedule" are references to an Article, a Section or a clause of or a Schedule to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the use of headings is for convenience of reference only and shall not affect the construction or interpretation hereof;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">if the date on which any action is required to be taken hereunder by any of the parties is not a Business Day, such action shall be required to be taken on the next succeeding day that is a Business Day;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a period of Business Days is to be computed as beginning on the day following the event that began the period and ending at 4:30 p.m. (Toronto time) on the last day of the period if the period is a Business Day or at 4:30 p.m. (Toronto time) on the next Business Day if the last day of the period does not fall on a Business Day;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the terms "material" and "materially" shall, when used in this Agreement, be construed, measured or assessed on the basis of whether the matter would materially affect a party and its subsidiaries, taken as a whole; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">wherever the term "includes" or "including" is used, it shall be deemed to mean "includes, without limitation" or "including, without limitation", respectively.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">References to the "knowledge of the Shareholder" mean the actual knowledge or awareness, after due inquiry, of the Shareholder or, if applicable, any senior officer of the Shareholder, and includes the knowledge that such Shareholder or senior officer, as applicable, would have, assuming they made an enquiry that is reasonable in the circumstances of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 2</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">THE OFFER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Subject to Section 2.2, the Offeror hereby agrees and confirms to the Shareholder that the Offeror shall make the Offer, or cause the Offer to be made, in accordance with the terms and subject to the conditions set forth in the Acquisition Agreement and shall take up and pay for all Company Shares tendered under the Offer, including all Deposited Shares, as soon as reasonably possible and in any event not later than three (3)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;3 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Business Days following the time at which the Offeror becomes first entitled pursuant to applicable securities Law to take up such Company Shares in accordance with the terms and subject to the conditions of the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The obligation of the Offeror to make the Offer or cause the Offer to be made shall be subject to the conditions set forth in the Acquisition Agreement. The obligation of the Offeror under the Offer to take up and pay for Company Shares deposited to the Offer and not withdrawn shall not be subject to any conditions, save and except the conditions set out in Schedule A of the Acquisition Agreement. The Offeror may, in its sole discretion, modify or waive any term or condition of the Offer in accordance with the Acquisition Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 3</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CERTAIN COVENANTS OF THE SHAREHOLDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants and irrevocably agrees that it shall, from the date hereof until the earlier of (i) the termination of this Agreement pursuant to Article 7, and (ii) the Expiry Time, except in accordance with the terms of this Agreement:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not, directly or indirectly through any of its Representatives, (i) solicit, assist, initiate, knowingly encourage or facilitate (including by way of discussion, negotiation, furnishing information, permitting any visit to any facilities or properties of the Company or the Company Subsidiary, or entering into any form of written or oral agreement, arrangement or understanding) any inquiries, proposals or offers regarding, or that may reasonably be expected to lead to, any Acquisition Proposal, (ii) engage or participate in any discussions or negotiations regarding, or provide any information with respect to or otherwise cooperate with any person (other than the Offeror and its Representatives) regarding, any Acquisition Proposal or potential Acquisition Proposal, (iii) accept or enter into, or publicly propose to accept or enter into, any letter of intent, agreement in principle, agreement, arrangement or undertaking related to any Acquisition Proposal, (iv) provide any information relating to the Company to any person or group in connection with any Acquisition Proposal, or (v) otherwise co-operate in any way with any effort or attempt by any other person or group to do or seek to do any of the foregoing; provided, however, that nothing contained in this Section 3.1 or other provisions of this Agreement shall prevent the Shareholder, if a member of the board of directors of the Company or a senior officer of the Company, from engaging in discussions or negotiations with or furnishing information to, in the Shareholder's capacity as a director or senior officer of the Company, any person in response to an unsolicited <font style="FONT-STYLE: italic; DISPLAY: inline">bona fide</font> Acquisition Proposal made in writing to the board of directors of the Company by such person (which Acquisition Proposal did not result from a breach of this Agreement or the Acquisition Agreement) in circumstances where the Company is permitted by Section 6.3 of the Acquisition Agreement to engage in such discussions or negotiations or furnish such information;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">immediately cease and cause to be terminated all existing solicitation, discussion, negotiation, encouragement or activity, if any, with any person or group or any agent or representative of any person or group conducted before the date of this Agreement with respect to any Acquisition Proposal or any potential Acquisition Proposal;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;4 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">promptly (and in any event within 24 hours following receipt or knowledge) notify the Offeror of any proposal, inquiry, offer or request relating to, or of discussions or negotiations in respect of, an Acquisition Proposal or potential Acquisition Proposal or any proposal, inquiry, offer or request or discussions or negotiations that could reasonably lead or be expected to lead to an Acquisition Proposal of which the Shareholder becomes, directly or indirectly, aware. Such notification shall be made first orally and then in writing and shall include a description of the material terms and conditions together with a copy of all documentation relating to any such proposal, inquiry, offer or request or discussions or negotiations within the Shareholder's possession;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not option, sell, transfer, pledge, encumber, grant a security interest in, hypothecate or otherwise convey or enter into any forward sale, repurchase agreement or other monetization transaction with respect to any of the Deposited Shares, or any right or interest therein (legal or equitable), to or with any person or group or agree to do any of the foregoing;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not grant or agree to grant any proxy, power of attorney or other right to vote the Deposited Shares, or enter into any voting, voting trust, vote pooling or other agreement with respect to the right to vote, call meetings of securityholders or give consents or approval of any kind with respect to any of the Deposited Shares;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not requisition or join in any requisition of any meeting of securityholders of the Company without the prior written consent of the Offeror, or vote or cause to be voted any of the Deposited Shares in respect of any proposed action by the Company or its Shareholders or affiliates or any other person or group in a manner which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not do indirectly that which it may not do directly by the terms of this Article 3 or take any other action of any kind, directly or indirectly, which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants to exercise or surrender any Options held by the Shareholder prior to or as of the Expiry Time so that the Shareholder will hold no Options as of the Expiry Time, in accordance with the terms of the Acquisition Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 4</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">AGREEMENT TO TENDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants and agrees that if the Offeror makes the Offer in compliance with Article 2 and the Acquisition Agreement, the Shareholder shall, within 14 days of the mailing of the Offer Circular, irrevocably deposit or cause to be irrevocably deposited with the depositary under the Offer in acceptance of the Offer all of the Deposited Shares in accordance with the terms of the Offer, and thereafter the Shareholder shall not withdraw or take any action to withdraw any of the Deposited</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;5 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Shares deposited under the Offer (notwithstanding any statutory rights, rights under the terms of the Offer or rights which the Shareholder might otherwise have) except upon the termination of this Agreement in accordance with its terms. Subject to this Section 4.1, for greater certainty, in respect of Company Shares that are to be issued upon the exercise of Options, the Shareholder shall, within 14 days of the mailing of the Offer Circular, irrevocably direct the depositary under the Offer that, upon the issue of such Company Shares immediately before the Expiry Time of the Offer, such Company Shares are to be deposited to the Offer and it is understood and agreed that, upon such direction, such Company Shares will be treated as having been deposited in accordance with this Agreement.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For greater certainty, for the purposes of this Agreement, the term "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company Shares</font>" shall include all the common shares, including all the common shares issued under outstanding Options, of the Company and shall include all shares or other securities into or for which the Company Shares may be converted, exchanged or otherwise changed pursuant to any reorganization, merger, amalgamation or other transaction involving the Company prior to the acquisition of the Deposited Shares by the Offeror under the Offer.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If (i) the Offeror concludes after the date of this Agreement that it is necessary or desirable to proceed with a form of transaction other than the Offer (such as a plan of arrangement or amalgamation) whereby the Offeror and/or its affiliates would effectively acquire all the Company Shares on economic and other terms and conditions (including, without limitation, tax treatment) having consequences to the Shareholder that are equivalent to or better than those contemplated by this Agreement and the Acquisition Agreement (any such transaction is referred to as an "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Alternative Transaction</font>"), and (ii) the Board recommends that Shareholders approve or support the Alternative Transaction, then the Shareholder agrees to support the completion of the Alternative Transaction in the same manner as the Offer, including, if necessary, by voting the Deposited Shares in favour of a special resolution approving the Alternative Transaction.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 5</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES OF THE SHAREHOLDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">5.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder represents and warrants to the Offeror as follows and acknowledges that the Offeror is relying upon these representations and warranties in connection with the entering into of this Agreement and the Acquisition Agreement and the purchase by the Offeror of the Deposited Shares under the Offer:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case that the Shareholder is not an individual, the Shareholder is validly existing under the laws of its jurisdiction of formation and has the requisite power and authority to conduct its business as it is now being conducted and to enter into this Agreement and to perform its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case that the Shareholder is not an individual, the execution and delivery of this Agreement by the Shareholder and the performance by it of its obligations hereunder have been duly authorized by its board of directors (or equivalent body) and no other proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement has been duly executed and delivered by the Shareholder and, assuming the due authorization, execution and delivery by the Offeror,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;6 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">constitutes a legal, valid and binding obligation, enforceable by the Offeror against the Shareholder in accordance with its terms, subject, however, to limitations imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction is within the discretion of the court from which they are sought;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i) the Shareholder is the sole registered and/or direct or indirect beneficial owner of the number of Company Shares listed opposite the Shareholder's name on Schedule "A" and is the sole legal and beneficial owner of the number of Options listed opposite the Shareholder's name on Schedule "B"; (ii) the only Company Shares or other securities of the Company directly or indirectly beneficially owned, or over which control or direction is directly or indirectly exercised, by the Shareholder are those listed opposite the Shareholder's name on Schedule "A" and Schedule "B"; and (iii) except as listed on Schedule "B", the Shareholder has no agreement or option, or right or privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase or acquisition by the Shareholder of any additional Company Shares or other securities of the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Shareholder has the sole right to sell and vote all the Deposited Shares and all the Deposited Shares will, at the time at which the Offeror takes up and pays for the Deposited Shares, be beneficially owned solely by the Shareholder with good and marketable title thereto, free and clear of any and all mortgages, liens, charges, restrictions, security interests, adverse claims, pledges, encumbrances and demands or rights of others of any nature or kind whatsoever;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no individual, firm or entity has any agreement or option, or any right or privilege&#160;&#160;(whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase, acquisition or transfer from the Shareholder of any of the Deposited Shares or any interest therein or right thereto, except the Offeror pursuant to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">none of the execution and delivery by the Shareholder of this Agreement, the completion or performance of the transactions contemplated hereby or the compliance by the Shareholder with the Shareholder's obligations hereunder will result in a breach of (i) any agreement or instrument to which the Shareholder is a party or by which the Shareholder or any of the Shareholder's property or assets are bound; (ii) to the knowledge of the Shareholder, any judgment, decree, order or award of any Regulatory Authority; or (iii) to the knowledge of the Shareholder, any law, statute, ordinance, regulation or rule relevant in the context of the Offer or this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(h)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">there are no legal proceedings in progress or pending before any Regulatory Authority or, to the knowledge of the Shareholder, threatened against the Shareholder or its affiliates that would adversely affect in any manner the ability of the Shareholder to enter into this Agreement and to perform its obligations hereunder or the title of the Shareholder to any of the Deposited Shares.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The representations and warranties of the Shareholder set forth in this Article 5 shall survive the completion of the purchase by the Offeror of the Deposited Shares under the</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;7 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Offer and, despite such completion, shall continue in full force and effect for the benefit of the Offeror for a period of one year thereafter, except for the representation and warranty set forth in clause (e) above, which shall survive indefinitely.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 6</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES OF THE OFFEROR</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">6.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Offeror represents and warrants to the Shareholder as follows and acknowledges that the Shareholder is relying upon these representations and warranties in connection with the entering into of this Agreement:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror is validly existing under the laws of British Columbia and has the requisite corporate power and authority to conduct its business as it is now being conducted and to enter into this Agreement and to perform its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the execution and delivery of this Agreement by the Offeror and the performance by it of its obligations hereunder have been duly authorized by its board of directors and no other corporate proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement has been duly executed and delivered by the Offeror and, assuming the due authorization, execution and delivery by the Shareholder, constitutes a legal, valid and binding obligation, enforceable by the Shareholder against the Offeror in accordance with its terms, subject, however, to limitations imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction is within the discretion of the court from which they are sought;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no authorization, consent, approval, licence, permit or order of, or registration, declaration or filing with, any third party or Regulatory Authority is required to be obtained or made by the Offeror in connection with the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby, except for such authorizations, consents, approvals and filings as to which the failure to obtain or make would not, individually or in the aggregate, prevent or materially delay consummation of the transactions contemplated by this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the common shares of the Offeror to be issued pursuant to the Offer will, when issued pursuant to the Offer, be duly and validly issued as fully paid and non-assessable common shares in the capital of the Offeror, and the Offeror has sufficient funds available to pay the Maximum Cash Consideration payable by the Offeror pursuant to the Offer.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The representations and warranties of the Offeror set forth in this Article 6 shall survive the completion of the purchase by the Offeror of the Deposited Shares under the Offer and, despite such completion, shall continue in full force and effect for the benefit of the Shareholder for a period of one year thereafter.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;8 -</font></font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 7</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">TERMINATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">7.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may be terminated:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">at any time by written agreement of the Offeror and the Shareholder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Shareholder upon notice to the Offeror, if:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror has not made the Offer within the time periods provided for in Section 2.1 of the Acquisition Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offer shall have expired or shall have been withdrawn in accordance with its terms without the Offeror having purchased any Company Shares pursuant to the Offer;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any representation or warranty of the Offeror contained herein is untrue or incorrect in any material respect and, in each case, such non-compliance or inaccuracy would reasonably be expected to prevent the completion of the Offer and is not curable or, if curable, is not cured by the earlier of the date that is five Business Days after the date of written notice of such breach and the Business day prior to the Expiry Time; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Acquisition Agreement has been terminated in accordance with its terms; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Offeror upon notice to the Shareholder, if:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Shareholder has not complied in all material respects with its covenants to the Offeror contained herein or therein;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any representation or warranty of the Shareholder contained herein is at the date hereof, or becomes at any time prior to the Expiry Time, untrue or incorrect in any material respect;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Acquisition Agreement has been terminated in accordance with its terms; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any of the conditions to the Offer is not satisfied or waived by the Offeror at or prior to the Expiry Time;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">provided, however, that any such termination shall not prejudice the rights of a party as a result of any breach by the other party of its obligations hereunder. Upon termination of this Agreement, the Shareholder shall be entitled to withdraw any of the Deposited Shares tendered under the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 8</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">DISCLOSURE</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">8.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Except as required by applicable Law or by any Regulatory Authority or in accordance with the requirements of any stock exchange, no party shall make any public</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;9 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">announcement or statement with respect to this Agreement without the approval of the other, which shall not be unreasonably withheld or delayed. The parties acknowledge and agree that this Agreement may be summarized in, referred to and/or annexed to any take-over bid circular in respect of the Offer or other disclosure document in connection with the Offer and in any public announcement or statement by the Offeror or the Company with respect thereto and will be publicly filed where required by applicable Law. A copy of this Agreement may be provided to the directors of the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 9</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">GENERAL</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the avoidance of doubt, nothing in this Agreement shall limit any person from fulfilling his or her fiduciary duties as a director or officer of the Company, however any such exercise of fiduciary duties by a director or officer of the Company shall not in any way diminish his or her obligations as a Shareholder under this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement shall become effective upon execution and delivery hereof by the Shareholder and Offeror.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder and the Offeror shall, from time to time, promptly execute and deliver all such further documents and instruments and do all such acts and things as the other party may reasonably require to effectively carry out the intent of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.4</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement shall not be assignable by any party without the prior written consent of the other party. This Agreement shall be binding upon and shall enure to the benefit of and be enforceable by each of the parties hereto and their respective heirs, executors, successors and permitted assigns, as applicable.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.5</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Time shall be of the essence of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.6</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Any notice or other communication required or permitted to be given hereunder shall be sufficiently given if in writing, delivered or sent by telecopier or facsimile transmission:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case of the Shareholder, to:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">[Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;[Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case of the Offeror, to:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold Inc.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">200 Bay Street, Royal Bank Plaza</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Suite 3120</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Toronto, Ontario M5J 2J4</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Brian Penny, Executive Vice President and Chief Financial Officer</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(416) 324-9494</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and with a copy to (which shall not constitute notice):</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">- 10 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Cassels Brock &amp; Blackwell LLP</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Suite 2100, Scotia Plaza</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">40 King Street West</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Toronto, Ontario</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">M5H 3C2</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Andrea FitzGerald</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(416) 640-3194</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">at such other address as the party to which such notice or other communication is to be given has last notified the party giving the same in the manner provided in this section,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and if so given shall be deemed to have been received on the date of such delivery or sending (or, if such day is not a Business Day, on the next following Business Day).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.7</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement and the rights and obligations of the parties hereto shall be governed by and construed in accordance with the laws of the Province of<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>British Columbia<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>and the federal laws of Canada applicable therein and the Shareholder and the Offeror irrevocably attorn to the jurisdiction of the courts of the Province of British Columbia.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.8</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder agrees with the Offeror that: (i) money damages would not be a sufficient remedy for any breach of this Agreement by the Shareholder; (ii) in addition to any other remedies at law or in equity that the Offeror may have, the Offeror shall be entitled to seek equitable relief, including injunction and specific performance, in addition to any other remedies available to it, in the event of any breach by the Shareholder of the provisions of this Agreement; and (iii) the Shareholder agrees that if it is a defendant or respondent it shall waive any requirement for the securing or posting of any bond in connection with such remedy. The Shareholder hereby consents to any preliminary applications for such relief to any court of competent jurisdiction. The Offeror shall be reimbursed for all costs and expenses, including reasonable legal fees, incurred in enforcing its obligations hereunder. Such remedies shall not be deemed to be exclusive remedies of the Offeror for the breach of this Agreement by the Shareholder but shall be in addition to all other remedies at law or in equity.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.9</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If any term or other provision of this Agreement is determined by a court of competent jurisdiction to be invalid, illegal or unenforceable in any respect, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not irremediably affected in any manner materially adverse to any party hereto. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties hereto as closely as possible in an acceptable manner to the end that transactions contemplated hereby are fulfilled according to their original tenor to the extent possible.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.10</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement constitutes the entire agreement and supersedes all other prior agreements and undertakings, both written and oral, among the parties with respect to the subject matter hereof.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;11 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.11</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may be executed in any number of counterparts and by facsimile (or other electronic transmission), each of which shall be deemed to be an original and all of which taken together shall be deemed to constitute one and the same instrument, and it shall not be necessary in making proof of this Agreement to produce more than one counterpart.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">[Signature Page Follows]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IN WITNESS WHEREOF the parties have executed this Agreement as of the date first written above.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td rowspan="4" valign="top" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td rowspan="4" valign="top" width="23%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NEW GOLD INC.</font></div>
</td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Signed &#8220;Brian Penny&#8221;</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Name:&#160;&#160; Brian Penny</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Title:&#160;&#160;&#160;&#160;&#160;Executive Vice President and Chief Financial Officer</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Irrevocably accepted and agreed to on May 30, 2013</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="2" valign="top" width="37%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SIGNED &amp; DELIVERED</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the presence of:</font></div>
</td>
<td rowspan="4" valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="40%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td valign="top" width="32%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" rowspan="3" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="4%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Signed &#8220;Kerry Sparkes&#8221;</font></div>
</td>
</tr><tr>
<td valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Witness</font></div>
</td>
<td valign="top" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Kerry Sparkes</font></div>
</td>
</tr><tr>
<td valign="top" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="32%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SCHEDULE "A"</font></div>
</td>
</tr></table>

<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OWNERSHIP OF COMMON SHARES OF RAINY RIVER RESOURCES LTD.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total number of Company Shares beneficially owned or controlled</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Registered holder if different from beneficial owner</font></div>
</td>
</tr><tr>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Kerry Sparkes</font></div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3,737</font></div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-WEIGHT: bold">SCHEDULE "B"</font><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OWNERSHIP OF OPTIONS OF RAINY RIVER RESOURCES LTD.</font></div>
</td>
</tr></table>
</div>

<div align="center">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
</table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total number of Options owned</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Kerry Sparkes</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">625,000</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div>&#160;</div>

<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
<hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.12
<SEQUENCE>17
<FILENAME>a13-14720_1ex2d12.htm
<DESCRIPTION>EX-2.12
<TEXT>
<html>
<head>

    <!--Licensed to: New Gold Inc.-->
    <!--Document Created using EDGARizer 2020 5.4.5.0-->
    <!--Copyright 1995 - 2013 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
<hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
</div>

<div style="TEXT-ALIGN: right">Exhibit 2.12</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div><br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">LOCK-UP AGREEMENT</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">THIS AGREEMENT</font> made the 30th day of May, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">B E T W E E N:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">KYLE STANFIELD</font>, a businessman residing at, [Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(hereinafter called the "<font style="DISPLAY: inline; FONT-WEIGHT: bold"> Shareholder</font>"),</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- and -</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NEW GOLD INC.</font>, a corporation existing under the laws of the Province of British Columbia,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(hereinafter called the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offeror</font>").</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">WHEREAS</font> the Shareholder is the registered and/or direct or indirect beneficial owner of Company Shares (as hereinafter defined) and options to purchase Company Shares (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Options</font>") of Rainy River Resources Ltd.<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>(the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company</font>"), as more particularly described herein;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> the Offeror is concurrently herewith entering into an Acquisition Agreement (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Acquisition Agreement</font>") with the Company which provides for, among other things, the Offeror making a take-over bid (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offer</font>") to acquire all of the issued and outstanding Company Shares, including all Company Shares that may be issued under outstanding options, warrants or other rights to purchase Company Shares, for consideration per Company Share of, at the election of each of the holders of Company Shares, either (i) Cdn.$3.83 in cash, or (ii) 0.5 of a common share of the Offeror, subject to proration as provided in the Acquisition Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> this Agreement sets out the terms and conditions of the agreement of the Shareholder (i) to tender, or cause to be tendered, to the Offer all Company Shares, including any Company Shares issued pursuant to any Option or other convertible security of the Company, directly or indirectly beneficially owned, or over which control or <font style="BACKGROUND-COLOR: #ffffff; DISPLAY: inline">direction is directly or indirectly exercised, by the Shareholder at any time from the date hereof to and including the Expiry Time</font> (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Deposited Shares</font>"), and (ii) to abide by the restrictions and covenants set forth herein;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> the Offeror is relying on the covenants, representations and warranties of the Shareholder set forth in this Agreement in connection with the Offeror's execution and delivery of the Acquisition Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NOW THEREFORE</font> this Agreement witnesses that, in consideration of the premises and the covenants and agreements herein contained, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged by the parties, the parties hereto agree as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 2 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 1</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">INTERPRETATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All capitalized terms used but not otherwise defined herein shall have the respective meaning ascribed to them in the Acquisition Agreement. All references herein to the Acquisition Agreement or any portion thereof refer to the Acquisition Agreement as amended, modified, restated or waived.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In this Agreement, unless otherwise expressly stated or the context otherwise requires:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to "herein", "hereby", "hereunder", "hereof" and similar expressions are references to this Agreement and not to any particular Article, Section or clause of or Schedule to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to an "Article", a "Section", a "clause" or a "Schedule" are references to an Article, a Section or a clause of or a Schedule to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the use of headings is for convenience of reference only and shall not affect the construction or interpretation hereof;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">if the date on which any action is required to be taken hereunder by any of the parties is not a Business Day, such action shall be required to be taken on the next succeeding day that is a Business Day;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a period of Business Days is to be computed as beginning on the day following the event that began the period and ending at 4:30 p.m. (Toronto time) on the last day of the period if the period is a Business Day or at 4:30 p.m. (Toronto time) on the next Business Day if the last day of the period does not fall on a Business Day;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the terms "material" and "materially" shall, when used in this Agreement, be construed, measured or assessed on the basis of whether the matter would materially affect a party and its subsidiaries, taken as a whole; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">wherever the term "includes" or "including" is used, it shall be deemed to mean "includes, without limitation" or "including, without limitation", respectively.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">References to the "knowledge of the Shareholder" mean the actual knowledge or awareness, after due inquiry, of the Shareholder or, if applicable, any senior officer of the Shareholder, and includes the knowledge that such Shareholder or senior officer, as applicable, would have, assuming they made an enquiry that is reasonable in the circumstances of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 2</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">THE OFFER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Subject to Section 2.2, the Offeror hereby agrees and confirms to the Shareholder that the Offeror shall make the Offer, or cause the Offer to be made, in accordance with the terms and subject to the conditions set forth in the Acquisition Agreement and shall take up and pay for all Company Shares tendered under the Offer, including all Deposited Shares, as soon as reasonably possible and in any event not later than three (3)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;3 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Business Days following the time at which the Offeror becomes first entitled pursuant to applicable securities Law to take up such Company Shares in accordance with the terms and subject to the conditions of the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The obligation of the Offeror to make the Offer or cause the Offer to be made shall be subject to the conditions set forth in the Acquisition Agreement. The obligation of the Offeror under the Offer to take up and pay for Company Shares deposited to the Offer and not withdrawn shall not be subject to any conditions, save and except the conditions set out in Schedule A of the Acquisition Agreement. The Offeror may, in its sole discretion, modify or waive any term or condition of the Offer in accordance with the Acquisition Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 3</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CERTAIN COVENANTS OF THE SHAREHOLDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants and irrevocably agrees that it shall, from the date hereof until the earlier of (i) the termination of this Agreement pursuant to Article 7, and (ii) the Expiry Time, except in accordance with the terms of this Agreement:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not, directly or indirectly through any of its Representatives, (i) solicit, assist, initiate, knowingly encourage or facilitate (including by way of discussion, negotiation, furnishing information, permitting any visit to any facilities or properties of the Company or the Company Subsidiary, or entering into any form of written or oral agreement, arrangement or understanding) any inquiries, proposals or offers regarding, or that may reasonably be expected to lead to, any Acquisition Proposal, (ii) engage or participate in any discussions or negotiations regarding, or provide any information with respect to or otherwise cooperate with any person (other than the Offeror and its Representatives) regarding, any Acquisition Proposal or potential Acquisition Proposal, (iii) accept or enter into, or publicly propose to accept or enter into, any letter of intent, agreement in principle, agreement, arrangement or undertaking related to any Acquisition Proposal, (iv) provide any information relating to the Company to any person or group in connection with any Acquisition Proposal, or (v) otherwise co-operate in any way with any effort or attempt by any other person or group to do or seek to do any of the foregoing; provided, however, that nothing contained in this Section 3.1 or other provisions of this Agreement shall prevent the Shareholder, if a member of the board of directors of the Company or a senior officer of the Company, from engaging in discussions or negotiations with or furnishing information to, in the Shareholder's capacity as a director or senior officer of the Company, any person in response to an unsolicited <font style="FONT-STYLE: italic; DISPLAY: inline">bona fide</font> Acquisition Proposal made in writing to the board of directors of the Company by such person (which Acquisition Proposal did not result from a breach of this Agreement or the Acquisition Agreement) in circumstances where the Company is permitted by Section 6.3 of the Acquisition Agreement to engage in such discussions or negotiations or furnish such information;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">immediately cease and cause to be terminated all existing solicitation, discussion, negotiation, encouragement or activity, if any, with any person or group or any agent or representative of any person or group conducted before the date of this Agreement with respect to any Acquisition Proposal or any potential Acquisition Proposal;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;4 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">promptly (and in any event within 24 hours following receipt or knowledge) notify the Offeror of any proposal, inquiry, offer or request relating to, or of discussions or negotiations in respect of, an Acquisition Proposal or potential Acquisition Proposal or any proposal, inquiry, offer or request or discussions or negotiations that could reasonably lead or be expected to lead to an Acquisition Proposal of which the Shareholder becomes, directly or indirectly, aware. Such notification shall be made first orally and then in writing and shall include a description of the material terms and conditions together with a copy of all documentation relating to any such proposal, inquiry, offer or request or discussions or negotiations within the Shareholder's possession;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not option, sell, transfer, pledge, encumber, grant a security interest in, hypothecate or otherwise convey or enter into any forward sale, repurchase agreement or other monetization transaction with respect to any of the Deposited Shares, or any right or interest therein (legal or equitable), to or with any person or group or agree to do any of the foregoing;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not grant or agree to grant any proxy, power of attorney or other right to vote the Deposited Shares, or enter into any voting, voting trust, vote pooling or other agreement with respect to the right to vote, call meetings of securityholders or give consents or approval of any kind with respect to any of the Deposited Shares;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not requisition or join in any requisition of any meeting of securityholders of the Company without the prior written consent of the Offeror, or vote or cause to be voted any of the Deposited Shares in respect of any proposed action by the Company or its Shareholders or affiliates or any other person or group in a manner which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not do indirectly that which it may not do directly by the terms of this Article 3 or take any other action of any kind, directly or indirectly, which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants to exercise or surrender any Options held by the Shareholder prior to or as of the Expiry Time so that the Shareholder will hold no Options as of the Expiry Time, in accordance with the terms of the Acquisition Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 4</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">AGREEMENT TO TENDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants and agrees that if the Offeror makes the Offer in compliance with Article 2 and the Acquisition Agreement, the Shareholder shall, within 14 days of the mailing of the Offer Circular, irrevocably deposit or cause to be irrevocably deposited with the depositary under the Offer in acceptance of the Offer all of the Deposited Shares in accordance with the terms of the Offer, and thereafter the Shareholder shall not withdraw or take any action to withdraw any of the Deposited</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;5 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Shares deposited under the Offer (notwithstanding any statutory rights, rights under the terms of the Offer or rights which the Shareholder might otherwise have) except upon the termination of this Agreement in accordance with its terms. Subject to this Section 4.1, for greater certainty, in respect of Company Shares that are to be issued upon the exercise of Options, the Shareholder shall, within 14 days of the mailing of the Offer Circular, irrevocably direct the depositary under the Offer that, upon the issue of such Company Shares immediately before the Expiry Time of the Offer, such Company Shares are to be deposited to the Offer and it is understood and agreed that, upon such direction, such Company Shares will be treated as having been deposited in accordance with this Agreement.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For greater certainty, for the purposes of this Agreement, the term "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company Shares</font>" shall include all the common shares, including all the common shares issued under outstanding Options, of the Company and shall include all shares or other securities into or for which the Company Shares may be converted, exchanged or otherwise changed pursuant to any reorganization, merger, amalgamation or other transaction involving the Company prior to the acquisition of the Deposited Shares by the Offeror under the Offer.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If (i) the Offeror concludes after the date of this Agreement that it is necessary or desirable to proceed with a form of transaction other than the Offer (such as a plan of arrangement or amalgamation) whereby the Offeror and/or its affiliates would effectively acquire all the Company Shares on economic and other terms and conditions (including, without limitation, tax treatment) having consequences to the Shareholder that are equivalent to or better than those contemplated by this Agreement and the Acquisition Agreement (any such transaction is referred to as an "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Alternative Transaction</font>"), and (ii) the Board recommends that Shareholders approve or support the Alternative Transaction, then the Shareholder agrees to support the completion of the Alternative Transaction in the same manner as the Offer, including, if necessary, by voting the Deposited Shares in favour of a special resolution approving the Alternative Transaction.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 5</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES OF THE SHAREHOLDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">5.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder represents and warrants to the Offeror as follows and acknowledges that the Offeror is relying upon these representations and warranties in connection with the entering into of this Agreement and the Acquisition Agreement and the purchase by the Offeror of the Deposited Shares under the Offer:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case that the Shareholder is not an individual, the Shareholder is validly existing under the laws of its jurisdiction of formation and has the requisite power and authority to conduct its business as it is now being conducted and to enter into this Agreement and to perform its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case that the Shareholder is not an individual, the execution and delivery of this Agreement by the Shareholder and the performance by it of its obligations hereunder have been duly authorized by its board of directors (or equivalent body) and no other proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement has been duly executed and delivered by the Shareholder and, assuming the due authorization, execution and delivery by the Offeror,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;6 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">constitutes a legal, valid and binding obligation, enforceable by the Offeror against the Shareholder in accordance with its terms, subject, however, to limitations imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction is within the discretion of the court from which they are sought;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i) the Shareholder is the sole registered and/or direct or indirect beneficial owner of the number of Company Shares listed opposite the Shareholder's name on Schedule "A" and is the sole legal and beneficial owner of the number of Options listed opposite the Shareholder's name on Schedule "B"; (ii) the only Company Shares or other securities of the Company directly or indirectly beneficially owned, or over which control or direction is directly or indirectly exercised, by the Shareholder are those listed opposite the Shareholder's name on Schedule "A" and Schedule "B"; and (iii) except as listed on Schedule "B", the Shareholder has no agreement or option, or right or privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase or acquisition by the Shareholder of any additional Company Shares or other securities of the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Shareholder has the sole right to sell and vote all the Deposited Shares and all the Deposited Shares will, at the time at which the Offeror takes up and pays for the Deposited Shares, be beneficially owned solely by the Shareholder with good and marketable title thereto, free and clear of any and all mortgages, liens, charges, restrictions, security interests, adverse claims, pledges, encumbrances and demands or rights of others of any nature or kind whatsoever;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no individual, firm or entity has any agreement or option, or any right or privilege&#160;&#160;(whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase, acquisition or transfer from the Shareholder of any of the Deposited Shares or any interest therein or right thereto, except the Offeror pursuant to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">none of the execution and delivery by the Shareholder of this Agreement, the completion or performance of the transactions contemplated hereby or the compliance by the Shareholder with the Shareholder's obligations hereunder will result in a breach of (i) any agreement or instrument to which the Shareholder is a party or by which the Shareholder or any of the Shareholder's property or assets are bound; (ii) to the knowledge of the Shareholder, any judgment, decree, order or award of any Regulatory Authority; or (iii) to the knowledge of the Shareholder, any law, statute, ordinance, regulation or rule relevant in the context of the Offer or this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(h)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">there are no legal proceedings in progress or pending before any Regulatory Authority or, to the knowledge of the Shareholder, threatened against the Shareholder or its affiliates that would adversely affect in any manner the ability of the Shareholder to enter into this Agreement and to perform its obligations hereunder or the title of the Shareholder to any of the Deposited Shares.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The representations and warranties of the Shareholder set forth in this Article 5 shall survive the completion of the purchase by the Offeror of the Deposited Shares under the</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;7 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Offer and, despite such completion, shall continue in full force and effect for the benefit of the Offeror for a period of one year thereafter, except for the representation and warranty set forth in clause (e) above, which shall survive indefinitely.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 6</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES OF THE OFFEROR</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">6.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Offeror represents and warrants to the Shareholder as follows and acknowledges that the Shareholder is relying upon these representations and warranties in connection with the entering into of this Agreement:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror is validly existing under the laws of British Columbia and has the requisite corporate power and authority to conduct its business as it is now being conducted and to enter into this Agreement and to perform its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the execution and delivery of this Agreement by the Offeror and the performance by it of its obligations hereunder have been duly authorized by its board of directors and no other corporate proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement has been duly executed and delivered by the Offeror and, assuming the due authorization, execution and delivery by the Shareholder, constitutes a legal, valid and binding obligation, enforceable by the Shareholder against the Offeror in accordance with its terms, subject, however, to limitations imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction is within the discretion of the court from which they are sought;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no authorization, consent, approval, licence, permit or order of, or registration, declaration or filing with, any third party or Regulatory Authority is required to be obtained or made by the Offeror in connection with the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby, except for such authorizations, consents, approvals and filings as to which the failure to obtain or make would not, individually or in the aggregate, prevent or materially delay consummation of the transactions contemplated by this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the common shares of the Offeror to be issued pursuant to the Offer will, when issued pursuant to the Offer, be duly and validly issued as fully paid and non-assessable common shares in the capital of the Offeror, and the Offeror has sufficient funds available to pay the Maximum Cash Consideration payable by the Offeror pursuant to the Offer.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The representations and warranties of the Offeror set forth in this Article 6 shall survive the completion of the purchase by the Offeror of the Deposited Shares under the Offer and, despite such completion, shall continue in full force and effect for the benefit of the Shareholder for a period of one year thereafter.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;8 -</font></font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 7</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">TERMINATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">7.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may be terminated:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">at any time by written agreement of the Offeror and the Shareholder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Shareholder upon notice to the Offeror, if:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror has not made the Offer within the time periods provided for in Section 2.1 of the Acquisition Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offer shall have expired or shall have been withdrawn in accordance with its terms without the Offeror having purchased any Company Shares pursuant to the Offer;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any representation or warranty of the Offeror contained herein is untrue or incorrect in any material respect and, in each case, such non-compliance or inaccuracy would reasonably be expected to prevent the completion of the Offer and is not curable or, if curable, is not cured by the earlier of the date that is five Business Days after the date of written notice of such breach and the Business day prior to the Expiry Time; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Acquisition Agreement has been terminated in accordance with its terms; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Offeror upon notice to the Shareholder, if:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Shareholder has not complied in all material respects with its covenants to the Offeror contained herein or therein;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any representation or warranty of the Shareholder contained herein is at the date hereof, or becomes at any time prior to the Expiry Time, untrue or incorrect in any material respect;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Acquisition Agreement has been terminated in accordance with its terms; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any of the conditions to the Offer is not satisfied or waived by the Offeror at or prior to the Expiry Time;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">provided, however, that any such termination shall not prejudice the rights of a party as a result of any breach by the other party of its obligations hereunder. Upon termination of this Agreement, the Shareholder shall be entitled to withdraw any of the Deposited Shares tendered under the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 8</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">DISCLOSURE</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">8.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Except as required by applicable Law or by any Regulatory Authority or in accordance with the requirements of any stock exchange, no party shall make any public</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;9 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">announcement or statement with respect to this Agreement without the approval of the other, which shall not be unreasonably withheld or delayed. The parties acknowledge and agree that this Agreement may be summarized in, referred to and/or annexed to any take-over bid circular in respect of the Offer or other disclosure document in connection with the Offer and in any public announcement or statement by the Offeror or the Company with respect thereto and will be publicly filed where required by applicable Law. A copy of this Agreement may be provided to the directors of the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 9</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">GENERAL</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the avoidance of doubt, nothing in this Agreement shall limit any person from fulfilling his or her fiduciary duties as a director or officer of the Company, however any such exercise of fiduciary duties by a director or officer of the Company shall not in any way diminish his or her obligations as a Shareholder under this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement shall become effective upon execution and delivery hereof by the Shareholder and Offeror.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder and the Offeror shall, from time to time, promptly execute and deliver all such further documents and instruments and do all such acts and things as the other party may reasonably require to effectively carry out the intent of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.4</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement shall not be assignable by any party without the prior written consent of the other party. This Agreement shall be binding upon and shall enure to the benefit of and be enforceable by each of the parties hereto and their respective heirs, executors, successors and permitted assigns, as applicable.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.5</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Time shall be of the essence of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.6</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Any notice or other communication required or permitted to be given hereunder shall be sufficiently given if in writing, delivered or sent by telecopier or facsimile transmission:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case of the Shareholder, to:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">[Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;[Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case of the Offeror, to:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold Inc.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">200 Bay Street, Royal Bank Plaza</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Suite 3120</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Toronto, Ontario M5J 2J4</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Brian Penny, Executive Vice President and Chief Financial Officer</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(416) 324-9494</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and with a copy to (which shall not constitute notice):</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">- 10 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Cassels Brock &amp; Blackwell LLP</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Suite 2100, Scotia Plaza</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">40 King Street West</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Toronto, Ontario</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">M5H 3C2</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Andrea FitzGerald</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(416) 640-3194</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">at such other address as the party to which such notice or other communication is to be given has last notified the party giving the same in the manner provided in this section,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and if so given shall be deemed to have been received on the date of such delivery or sending (or, if such day is not a Business Day, on the next following Business Day).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.7</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement and the rights and obligations of the parties hereto shall be governed by and construed in accordance with the laws of the Province of<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>British Columbia<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>and the federal laws of Canada applicable therein and the Shareholder and the Offeror irrevocably attorn to the jurisdiction of the courts of the Province of British Columbia.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.8</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder agrees with the Offeror that: (i) money damages would not be a sufficient remedy for any breach of this Agreement by the Shareholder; (ii) in addition to any other remedies at law or in equity that the Offeror may have, the Offeror shall be entitled to seek equitable relief, including injunction and specific performance, in addition to any other remedies available to it, in the event of any breach by the Shareholder of the provisions of this Agreement; and (iii) the Shareholder agrees that if it is a defendant or respondent it shall waive any requirement for the securing or posting of any bond in connection with such remedy. The Shareholder hereby consents to any preliminary applications for such relief to any court of competent jurisdiction. The Offeror shall be reimbursed for all costs and expenses, including reasonable legal fees, incurred in enforcing its obligations hereunder. Such remedies shall not be deemed to be exclusive remedies of the Offeror for the breach of this Agreement by the Shareholder but shall be in addition to all other remedies at law or in equity.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.9</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If any term or other provision of this Agreement is determined by a court of competent jurisdiction to be invalid, illegal or unenforceable in any respect, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not irremediably affected in any manner materially adverse to any party hereto. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties hereto as closely as possible in an acceptable manner to the end that transactions contemplated hereby are fulfilled according to their original tenor to the extent possible.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.10</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement constitutes the entire agreement and supersedes all other prior agreements and undertakings, both written and oral, among the parties with respect to the subject matter hereof.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;11 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.11</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may be executed in any number of counterparts and by facsimile (or other electronic transmission), each of which shall be deemed to be an original and all of which taken together shall be deemed to constitute one and the same instrument, and it shall not be necessary in making proof of this Agreement to produce more than one counterpart.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">[Signature Page Follows]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IN WITNESS WHEREOF the parties have executed this Agreement as of the date first written above.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td rowspan="4" valign="top" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td rowspan="4" valign="top" width="23%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NEW GOLD INC.</font></div>
</td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Signed &#8220;Brian Penny&#8221;</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Name:&#160;&#160; Brian Penny</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Title:&#160;&#160;&#160;&#160;&#160;Executive Vice President and Chief Financial Officer</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Irrevocably accepted and agreed to on May 30, 2013</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="2" valign="top" width="37%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SIGNED &amp; DELIVERED</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the presence of:</font></div>
</td>
<td rowspan="4" valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="40%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td valign="top" width="32%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" rowspan="3" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="4%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Signed &#8220;Kyle Stanfield&#8221;</font></div>
</td>
</tr><tr>
<td valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Witness</font></div>
</td>
<td valign="top" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Kyle Stanfield</font></div>
</td>
</tr><tr>
<td valign="top" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="32%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SCHEDULE "A"</font></div>
</td>
</tr></table>

<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OWNERSHIP OF COMMON SHARES OF RAINY RIVER RESOURCES LTD.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total number of Company Shares beneficially owned or controlled</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Registered holder if different from beneficial owner</font></div>
</td>
</tr><tr>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid">Kyle Stanfield</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,000</font></div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-WEIGHT: bold">SCHEDULE "B"</font><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OWNERSHIP OF OPTIONS OF RAINY RIVER RESOURCES LTD.</font></div>
</td>
</tr></table>
</div>

<div align="center">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
</table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total number of Options owned</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Kyle Stanfield</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">375,000</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div>&#160;</div>

<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
<hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.13
<SEQUENCE>18
<FILENAME>a13-14720_1ex2d13.htm
<DESCRIPTION>EX-2.13
<TEXT>
<html>
<head>

    <!--Licensed to: New Gold Inc.-->
    <!--Document Created using EDGARizer 2020 5.4.5.0-->
    <!--Copyright 1995 - 2013 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
<hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
</div>

<div style="TEXT-ALIGN: right">Exhibit 2.13</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div><br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; TEXT-DECORATION: underline">LOCK-UP AGREEMENT</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">THIS AGREEMENT</font> made the 30th day of May, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">B E T W E E N:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">RICHARD PETTIT</font>, a businessman residing at, [Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(hereinafter called the "<font style="DISPLAY: inline; FONT-WEIGHT: bold"> Shareholder</font>"),</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- and -</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NEW GOLD INC.</font>, a corporation existing under the laws of the Province of British Columbia,</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(hereinafter called the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offeror</font>").</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">WHEREAS</font> the Shareholder is the registered and/or direct or indirect beneficial owner of Company Shares (as hereinafter defined) and options to purchase Company Shares (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Options</font>") of Rainy River Resources Ltd.<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>(the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company</font>"), as more particularly described herein;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> the Offeror is concurrently herewith entering into an Acquisition Agreement (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Acquisition Agreement</font>") with the Company which provides for, among other things, the Offeror making a take-over bid (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Offer</font>") to acquire all of the issued and outstanding Company Shares, including all Company Shares that may be issued under outstanding options, warrants or other rights to purchase Company Shares, for consideration per Company Share of, at the election of each of the holders of Company Shares, either (i) Cdn.$3.83 in cash, or (ii) 0.5 of a common share of the Offeror, subject to proration as provided in the Acquisition Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> this Agreement sets out the terms and conditions of the agreement of the Shareholder (i) to tender, or cause to be tendered, to the Offer all Company Shares, including any Company Shares issued pursuant to any Option or other convertible security of the Company, directly or indirectly beneficially owned, or over which control or <font style="BACKGROUND-COLOR: #ffffff; DISPLAY: inline">direction is directly or indirectly exercised, by the Shareholder at any time from the date hereof to and including the Expiry Time</font> (the "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Deposited Shares</font>"), and (ii) to abide by the restrictions and covenants set forth herein;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AND WHEREAS</font> the Offeror is relying on the covenants, representations and warranties of the Shareholder set forth in this Agreement in connection with the Offeror's execution and delivery of the Acquisition Agreement;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 72pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">NOW THEREFORE</font> this Agreement witnesses that, in consideration of the premises and the covenants and agreements herein contained, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged by the parties, the parties hereto agree as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">- 2 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 1</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">INTERPRETATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All capitalized terms used but not otherwise defined herein shall have the respective meaning ascribed to them in the Acquisition Agreement. All references herein to the Acquisition Agreement or any portion thereof refer to the Acquisition Agreement as amended, modified, restated or waived.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In this Agreement, unless otherwise expressly stated or the context otherwise requires:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to "herein", "hereby", "hereunder", "hereof" and similar expressions are references to this Agreement and not to any particular Article, Section or clause of or Schedule to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">references to an "Article", a "Section", a "clause" or a "Schedule" are references to an Article, a Section or a clause of or a Schedule to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the use of headings is for convenience of reference only and shall not affect the construction or interpretation hereof;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">if the date on which any action is required to be taken hereunder by any of the parties is not a Business Day, such action shall be required to be taken on the next succeeding day that is a Business Day;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a period of Business Days is to be computed as beginning on the day following the event that began the period and ending at 4:30 p.m. (Toronto time) on the last day of the period if the period is a Business Day or at 4:30 p.m. (Toronto time) on the next Business Day if the last day of the period does not fall on a Business Day;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the terms "material" and "materially" shall, when used in this Agreement, be construed, measured or assessed on the basis of whether the matter would materially affect a party and its subsidiaries, taken as a whole; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">wherever the term "includes" or "including" is used, it shall be deemed to mean "includes, without limitation" or "including, without limitation", respectively.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">References to the "knowledge of the Shareholder" mean the actual knowledge or awareness, after due inquiry, of the Shareholder or, if applicable, any senior officer of the Shareholder, and includes the knowledge that such Shareholder or senior officer, as applicable, would have, assuming they made an enquiry that is reasonable in the circumstances of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 2</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">THE OFFER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Subject to Section 2.2, the Offeror hereby agrees and confirms to the Shareholder that the Offeror shall make the Offer, or cause the Offer to be made, in accordance with the terms and subject to the conditions set forth in the Acquisition Agreement and shall take up and pay for all Company Shares tendered under the Offer, including all Deposited Shares, as soon as reasonably possible and in any event not later than three (3)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;3 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Business Days following the time at which the Offeror becomes first entitled pursuant to applicable securities Law to take up such Company Shares in accordance with the terms and subject to the conditions of the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The obligation of the Offeror to make the Offer or cause the Offer to be made shall be subject to the conditions set forth in the Acquisition Agreement. The obligation of the Offeror under the Offer to take up and pay for Company Shares deposited to the Offer and not withdrawn shall not be subject to any conditions, save and except the conditions set out in Schedule A of the Acquisition Agreement. The Offeror may, in its sole discretion, modify or waive any term or condition of the Offer in accordance with the Acquisition Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 3</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CERTAIN COVENANTS OF THE SHAREHOLDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants and irrevocably agrees that it shall, from the date hereof until the earlier of (i) the termination of this Agreement pursuant to Article 7, and (ii) the Expiry Time, except in accordance with the terms of this Agreement:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not, directly or indirectly through any of its Representatives, (i) solicit, assist, initiate, knowingly encourage or facilitate (including by way of discussion, negotiation, furnishing information, permitting any visit to any facilities or properties of the Company or the Company Subsidiary, or entering into any form of written or oral agreement, arrangement or understanding) any inquiries, proposals or offers regarding, or that may reasonably be expected to lead to, any Acquisition Proposal, (ii) engage or participate in any discussions or negotiations regarding, or provide any information with respect to or otherwise cooperate with any person (other than the Offeror and its Representatives) regarding, any Acquisition Proposal or potential Acquisition Proposal, (iii) accept or enter into, or publicly propose to accept or enter into, any letter of intent, agreement in principle, agreement, arrangement or undertaking related to any Acquisition Proposal, (iv) provide any information relating to the Company to any person or group in connection with any Acquisition Proposal, or (v) otherwise co-operate in any way with any effort or attempt by any other person or group to do or seek to do any of the foregoing; provided, however, that nothing contained in this Section 3.1 or other provisions of this Agreement shall prevent the Shareholder, if a member of the board of directors of the Company or a senior officer of the Company, from engaging in discussions or negotiations with or furnishing information to, in the Shareholder's capacity as a director or senior officer of the Company, any person in response to an unsolicited <font style="FONT-STYLE: italic; DISPLAY: inline">bona fide</font> Acquisition Proposal made in writing to the board of directors of the Company by such person (which Acquisition Proposal did not result from a breach of this Agreement or the Acquisition Agreement) in circumstances where the Company is permitted by Section 6.3 of the Acquisition Agreement to engage in such discussions or negotiations or furnish such information;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">immediately cease and cause to be terminated all existing solicitation, discussion, negotiation, encouragement or activity, if any, with any person or group or any agent or representative of any person or group conducted before the date of this Agreement with respect to any Acquisition Proposal or any potential Acquisition Proposal;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;4 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">promptly (and in any event within 24 hours following receipt or knowledge) notify the Offeror of any proposal, inquiry, offer or request relating to, or of discussions or negotiations in respect of, an Acquisition Proposal or potential Acquisition Proposal or any proposal, inquiry, offer or request or discussions or negotiations that could reasonably lead or be expected to lead to an Acquisition Proposal of which the Shareholder becomes, directly or indirectly, aware. Such notification shall be made first orally and then in writing and shall include a description of the material terms and conditions together with a copy of all documentation relating to any such proposal, inquiry, offer or request or discussions or negotiations within the Shareholder's possession;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not option, sell, transfer, pledge, encumber, grant a security interest in, hypothecate or otherwise convey or enter into any forward sale, repurchase agreement or other monetization transaction with respect to any of the Deposited Shares, or any right or interest therein (legal or equitable), to or with any person or group or agree to do any of the foregoing;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not grant or agree to grant any proxy, power of attorney or other right to vote the Deposited Shares, or enter into any voting, voting trust, vote pooling or other agreement with respect to the right to vote, call meetings of securityholders or give consents or approval of any kind with respect to any of the Deposited Shares;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not requisition or join in any requisition of any meeting of securityholders of the Company without the prior written consent of the Offeror, or vote or cause to be voted any of the Deposited Shares in respect of any proposed action by the Company or its Shareholders or affiliates or any other person or group in a manner which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">not do indirectly that which it may not do directly by the terms of this Article 3 or take any other action of any kind, directly or indirectly, which might reasonably be regarded as likely to reduce the success of, or delay or interfere with the completion of, the Offer or the other transactions contemplated by the Acquisition Agreement and this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants to exercise or surrender any Options held by the Shareholder prior to or as of the Expiry Time so that the Shareholder will hold no Options as of the Expiry Time, in accordance with the terms of the Acquisition Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 4</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">AGREEMENT TO TENDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder hereby covenants and agrees that if the Offeror makes the Offer in compliance with Article 2 and the Acquisition Agreement, the Shareholder shall, within 14 days of the mailing of the Offer Circular, irrevocably deposit or cause to be irrevocably deposited with the depositary under the Offer in acceptance of the Offer all of the Deposited Shares in accordance with the terms of the Offer, and thereafter the Shareholder shall not withdraw or take any action to withdraw any of the Deposited</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;5 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Shares deposited under the Offer (notwithstanding any statutory rights, rights under the terms of the Offer or rights which the Shareholder might otherwise have) except upon the termination of this Agreement in accordance with its terms. Subject to this Section 4.1, for greater certainty, in respect of Company Shares that are to be issued upon the exercise of Options, the Shareholder shall, within 14 days of the mailing of the Offer Circular, irrevocably direct the depositary under the Offer that, upon the issue of such Company Shares immediately before the Expiry Time of the Offer, such Company Shares are to be deposited to the Offer and it is understood and agreed that, upon such direction, such Company Shares will be treated as having been deposited in accordance with this Agreement.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For greater certainty, for the purposes of this Agreement, the term "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company Shares</font>" shall include all the common shares, including all the common shares issued under outstanding Options, of the Company and shall include all shares or other securities into or for which the Company Shares may be converted, exchanged or otherwise changed pursuant to any reorganization, merger, amalgamation or other transaction involving the Company prior to the acquisition of the Deposited Shares by the Offeror under the Offer.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If (i) the Offeror concludes after the date of this Agreement that it is necessary or desirable to proceed with a form of transaction other than the Offer (such as a plan of arrangement or amalgamation) whereby the Offeror and/or its affiliates would effectively acquire all the Company Shares on economic and other terms and conditions (including, without limitation, tax treatment) having consequences to the Shareholder that are equivalent to or better than those contemplated by this Agreement and the Acquisition Agreement (any such transaction is referred to as an "<font style="DISPLAY: inline; FONT-WEIGHT: bold">Alternative Transaction</font>"), and (ii) the Board recommends that Shareholders approve or support the Alternative Transaction, then the Shareholder agrees to support the completion of the Alternative Transaction in the same manner as the Offer, including, if necessary, by voting the Deposited Shares in favour of a special resolution approving the Alternative Transaction.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 5</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES OF THE SHAREHOLDER</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">5.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder represents and warrants to the Offeror as follows and acknowledges that the Offeror is relying upon these representations and warranties in connection with the entering into of this Agreement and the Acquisition Agreement and the purchase by the Offeror of the Deposited Shares under the Offer:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case that the Shareholder is not an individual, the Shareholder is validly existing under the laws of its jurisdiction of formation and has the requisite power and authority to conduct its business as it is now being conducted and to enter into this Agreement and to perform its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case that the Shareholder is not an individual, the execution and delivery of this Agreement by the Shareholder and the performance by it of its obligations hereunder have been duly authorized by its board of directors (or equivalent body) and no other proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement has been duly executed and delivered by the Shareholder and, assuming the due authorization, execution and delivery by the Offeror,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;6 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">constitutes a legal, valid and binding obligation, enforceable by the Offeror against the Shareholder in accordance with its terms, subject, however, to limitations imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction is within the discretion of the court from which they are sought;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i) the Shareholder is the sole registered and/or direct or indirect beneficial owner of the number of Company Shares listed opposite the Shareholder's name on Schedule "A" and is the sole legal and beneficial owner of the number of Options listed opposite the Shareholder's name on Schedule "B"; (ii) the only Company Shares or other securities of the Company directly or indirectly beneficially owned, or over which control or direction is directly or indirectly exercised, by the Shareholder are those listed opposite the Shareholder's name on Schedule "A" and Schedule "B"; and (iii) except as listed on Schedule "B", the Shareholder has no agreement or option, or right or privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase or acquisition by the Shareholder of any additional Company Shares or other securities of the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Shareholder has the sole right to sell and vote all the Deposited Shares and all the Deposited Shares will, at the time at which the Offeror takes up and pays for the Deposited Shares, be beneficially owned solely by the Shareholder with good and marketable title thereto, free and clear of any and all mortgages, liens, charges, restrictions, security interests, adverse claims, pledges, encumbrances and demands or rights of others of any nature or kind whatsoever;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(f)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no individual, firm or entity has any agreement or option, or any right or privilege&#160;&#160;(whether by law, pre-emptive or contractual) capable of becoming an agreement or option, for the purchase, acquisition or transfer from the Shareholder of any of the Deposited Shares or any interest therein or right thereto, except the Offeror pursuant to this Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(g)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">none of the execution and delivery by the Shareholder of this Agreement, the completion or performance of the transactions contemplated hereby or the compliance by the Shareholder with the Shareholder's obligations hereunder will result in a breach of (i) any agreement or instrument to which the Shareholder is a party or by which the Shareholder or any of the Shareholder's property or assets are bound; (ii) to the knowledge of the Shareholder, any judgment, decree, order or award of any Regulatory Authority; or (iii) to the knowledge of the Shareholder, any law, statute, ordinance, regulation or rule relevant in the context of the Offer or this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(h)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">there are no legal proceedings in progress or pending before any Regulatory Authority or, to the knowledge of the Shareholder, threatened against the Shareholder or its affiliates that would adversely affect in any manner the ability of the Shareholder to enter into this Agreement and to perform its obligations hereunder or the title of the Shareholder to any of the Deposited Shares.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The representations and warranties of the Shareholder set forth in this Article 5 shall survive the completion of the purchase by the Offeror of the Deposited Shares under the</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;7 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Offer and, despite such completion, shall continue in full force and effect for the benefit of the Offeror for a period of one year thereafter, except for the representation and warranty set forth in clause (e) above, which shall survive indefinitely.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 6</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REPRESENTATIONS AND WARRANTIES OF THE OFFEROR</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">6.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Offeror represents and warrants to the Shareholder as follows and acknowledges that the Shareholder is relying upon these representations and warranties in connection with the entering into of this Agreement:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror is validly existing under the laws of British Columbia and has the requisite corporate power and authority to conduct its business as it is now being conducted and to enter into this Agreement and to perform its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the execution and delivery of this Agreement by the Offeror and the performance by it of its obligations hereunder have been duly authorized by its board of directors and no other corporate proceedings on its part are necessary to authorize this Agreement and the performance of its obligations hereunder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">this Agreement has been duly executed and delivered by the Offeror and, assuming the due authorization, execution and delivery by the Shareholder, constitutes a legal, valid and binding obligation, enforceable by the Shareholder against the Offeror in accordance with its terms, subject, however, to limitations imposed by law in connection with bankruptcy, insolvency or similar proceedings and to the extent that the award of equitable remedies such as specific performance and injunction is within the discretion of the court from which they are sought;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(d)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">no authorization, consent, approval, licence, permit or order of, or registration, declaration or filing with, any third party or Regulatory Authority is required to be obtained or made by the Offeror in connection with the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby, except for such authorizations, consents, approvals and filings as to which the failure to obtain or make would not, individually or in the aggregate, prevent or materially delay consummation of the transactions contemplated by this Agreement; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(e)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the common shares of the Offeror to be issued pursuant to the Offer will, when issued pursuant to the Offer, be duly and validly issued as fully paid and non-assessable common shares in the capital of the Offeror, and the Offeror has sufficient funds available to pay the Maximum Cash Consideration payable by the Offeror pursuant to the Offer.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The representations and warranties of the Offeror set forth in this Article 6 shall survive the completion of the purchase by the Offeror of the Deposited Shares under the Offer and, despite such completion, shall continue in full force and effect for the benefit of the Shareholder for a period of one year thereafter.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;8 -</font></font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 7</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">TERMINATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">7.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may be terminated:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">at any time by written agreement of the Offeror and the Shareholder;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Shareholder upon notice to the Offeror, if:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offeror has not made the Offer within the time periods provided for in Section 2.1 of the Acquisition Agreement;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Offer shall have expired or shall have been withdrawn in accordance with its terms without the Offeror having purchased any Company Shares pursuant to the Offer;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any representation or warranty of the Offeror contained herein is untrue or incorrect in any material respect and, in each case, such non-compliance or inaccuracy would reasonably be expected to prevent the completion of the Offer and is not curable or, if curable, is not cured by the earlier of the date that is five Business Days after the date of written notice of such breach and the Business day prior to the Expiry Time; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Acquisition Agreement has been terminated in accordance with its terms; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">by the Offeror upon notice to the Shareholder, if:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Shareholder has not complied in all material respects with its covenants to the Offeror contained herein or therein;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any representation or warranty of the Shareholder contained herein is at the date hereof, or becomes at any time prior to the Expiry Time, untrue or incorrect in any material respect;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Acquisition Agreement has been terminated in accordance with its terms; or</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 86.4pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 27pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iv)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any of the conditions to the Offer is not satisfied or waived by the Offeror at or prior to the Expiry Time;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">provided, however, that any such termination shall not prejudice the rights of a party as a result of any breach by the other party of its obligations hereunder. Upon termination of this Agreement, the Shareholder shall be entitled to withdraw any of the Deposited Shares tendered under the Offer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 8</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">DISCLOSURE</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">8.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Except as required by applicable Law or by any Regulatory Authority or in accordance with the requirements of any stock exchange, no party shall make any public</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;9 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">announcement or statement with respect to this Agreement without the approval of the other, which shall not be unreasonably withheld or delayed. The parties acknowledge and agree that this Agreement may be summarized in, referred to and/or annexed to any take-over bid circular in respect of the Offer or other disclosure document in connection with the Offer and in any public announcement or statement by the Offeror or the Company with respect thereto and will be publicly filed where required by applicable Law. A copy of this Agreement may be provided to the directors of the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ARTICLE 9</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">GENERAL</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.1</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the avoidance of doubt, nothing in this Agreement shall limit any person from fulfilling his or her fiduciary duties as a director or officer of the Company, however any such exercise of fiduciary duties by a director or officer of the Company shall not in any way diminish his or her obligations as a Shareholder under this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.2</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement shall become effective upon execution and delivery hereof by the Shareholder and Offeror.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.3</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder and the Offeror shall, from time to time, promptly execute and deliver all such further documents and instruments and do all such acts and things as the other party may reasonably require to effectively carry out the intent of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.4</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement shall not be assignable by any party without the prior written consent of the other party. This Agreement shall be binding upon and shall enure to the benefit of and be enforceable by each of the parties hereto and their respective heirs, executors, successors and permitted assigns, as applicable.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.5</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Time shall be of the essence of this Agreement.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.6</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Any notice or other communication required or permitted to be given hereunder shall be sufficiently given if in writing, delivered or sent by telecopier or facsimile transmission:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case of the Shareholder, to:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">[Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;[Redacted]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(b)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">in the case of the Offeror, to:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold Inc.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">200 Bay Street, Royal Bank Plaza</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Suite 3120</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Toronto, Ontario M5J 2J4</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Brian Penny, Executive Vice President and Chief Financial Officer</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(416) 324-9494</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and with a copy to (which shall not constitute notice):</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">- 10 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Cassels Brock &amp; Blackwell LLP</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Suite 2100, Scotia Plaza</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">40 King Street West</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Toronto, Ontario</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">M5H 3C2</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Attention:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Andrea FitzGerald</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 72pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Fax:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(416) 640-3194</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></div>
</td>
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(c)</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">at such other address as the party to which such notice or other communication is to be given has last notified the party giving the same in the manner provided in this section,</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">and if so given shall be deemed to have been received on the date of such delivery or sending (or, if such day is not a Business Day, on the next following Business Day).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.7</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement and the rights and obligations of the parties hereto shall be governed by and construed in accordance with the laws of the Province of<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>British Columbia<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>and the federal laws of Canada applicable therein and the Shareholder and the Offeror irrevocably attorn to the jurisdiction of the courts of the Province of British Columbia.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.8</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Shareholder agrees with the Offeror that: (i) money damages would not be a sufficient remedy for any breach of this Agreement by the Shareholder; (ii) in addition to any other remedies at law or in equity that the Offeror may have, the Offeror shall be entitled to seek equitable relief, including injunction and specific performance, in addition to any other remedies available to it, in the event of any breach by the Shareholder of the provisions of this Agreement; and (iii) the Shareholder agrees that if it is a defendant or respondent it shall waive any requirement for the securing or posting of any bond in connection with such remedy. The Shareholder hereby consents to any preliminary applications for such relief to any court of competent jurisdiction. The Offeror shall be reimbursed for all costs and expenses, including reasonable legal fees, incurred in enforcing its obligations hereunder. Such remedies shall not be deemed to be exclusive remedies of the Offeror for the breach of this Agreement by the Shareholder but shall be in addition to all other remedies at law or in equity.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.9</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If any term or other provision of this Agreement is determined by a court of competent jurisdiction to be invalid, illegal or unenforceable in any respect, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not irremediably affected in any manner materially adverse to any party hereto. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties hereto as closely as possible in an acceptable manner to the end that transactions contemplated hereby are fulfilled according to their original tenor to the extent possible.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.10</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement constitutes the entire agreement and supersedes all other prior agreements and undertakings, both written and oral, among the parties with respect to the subject matter hereof.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt"><font size="2">-&#160;11 -</font></font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9.11</font></div>
</td>
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This Agreement may be executed in any number of counterparts and by facsimile (or other electronic transmission), each of which shall be deemed to be an original and all of which taken together shall be deemed to constitute one and the same instrument, and it shall not be necessary in making proof of this Agreement to produce more than one counterpart.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">[Signature Page Follows]</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IN WITNESS WHEREOF the parties have executed this Agreement as of the date first written above.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td rowspan="4" valign="top" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td rowspan="4" valign="top" width="23%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NEW GOLD INC.</font></div>
</td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Signed &#8220;Brian Penny&#8221;</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Name:&#160;&#160; Brian Penny</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Title:&#160;&#160;&#160;&#160;&#160;Executive Vice President and Chief Financial Officer</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Irrevocably accepted and agreed to on May 30, 2013</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td colspan="2" valign="top" width="37%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SIGNED &amp; DELIVERED</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">in the presence of:</font></div>
</td>
<td rowspan="4" valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="40%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td valign="top" width="32%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" rowspan="3" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">By:</font></div>
</td>
<td align="left" valign="top" width="4%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Signed &#8220;Richard Pettit&#8221;</font></div>
</td>
</tr><tr>
<td valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Witness</font></div>
</td>
<td valign="top" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Richard Pettit</font></div>
</td>
</tr><tr>
<td valign="top" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="32%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SCHEDULE "A"</font></div>
</td>
</tr></table>

<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OWNERSHIP OF COMMON SHARES OF RAINY RIVER RESOURCES LTD.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total number of Company Shares beneficially owned or controlled</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Registered holder if different from beneficial owner</font></div>
</td>
</tr><tr>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Richard Pettit</font></div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,300</font></div>
</td>
<td valign="top" width="27%" style="BORDER-BOTTOM: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-WEIGHT: bold">SCHEDULE "B"</font><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OWNERSHIP OF OPTIONS OF RAINY RIVER RESOURCES LTD.</font></div>
</td>
</tr></table>
</div>

<div align="center">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
</table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; BORDER-TOP: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total number of Options owned</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>
</td>
</tr><tr>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 1pt solid; BORDER-LEFT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Richard Pettit</font></div>
</td>
<td valign="top" width="40%" style="BORDER-BOTTOM: black 1pt solid; TEXT-ALIGN: center; BORDER-LEFT: black 1pt solid; BORDER-RIGHT: black 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">350,000</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div>&#160;</div>

<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
<hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.4
<SEQUENCE>19
<FILENAME>a13-14720_1ex4d4.htm
<DESCRIPTION>EX-4.4
<TEXT>
<html>
<head>

    <!--Licensed to: New Gold Inc.-->
    <!--Document Created using EDGARizer 2020 5.4.4.0-->
    <!--Copyright 1995 - 2013 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
<hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
</div>

<div style="TEXT-ALIGN: right">Exhibit 4.4</div>

<div>&#160;</div>

<div>&#160;</div>

<div><img src="q1-2013fscover.jpg" alt=""></div>

<div>&#160;</div>

<div><br>
</div>

<div>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" colspan="3" valign="top" width="50%" style="BORDER-TOP: #804000 3px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">TABLE OF CONTENTS</font></div>
</td>
<td valign="top" width="3%" style="BORDER-TOP: #804000 3px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="10%" style="BORDER-TOP: #804000 3px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="37%" style="BORDER-TOP: #804000 3px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td colspan="2" valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="43%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="37%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td colspan="3" valign="top" width="50%" style="BORDER-BOTTOM: #804000 1px solid; TEXT-ALIGN: left">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">FINANCIAL STATEMENTS</font></div>
</div>
</td>
<td valign="top" width="3%" style="PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="top" width="47%" style="BORDER-BOTTOM: #804000 1px solid; TEXT-ALIGN: left">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NOTES TO THE FINANCIAL STATEMENTS</font></div>
</div>
</td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1</font></div>
</td>
<td align="left" colspan="2" valign="top" width="46%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">CONDENSED CONSOLIDATED INCOME STATEMENTS</font></div>
</td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">6</font></div>
</td>
<td colspan="2" valign="top" width="44%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 446pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">DESCRIPTION OF BUSINESS AND NATURE OF OPERATIONS</font></div>
</td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2</font></div>
</td>
<td align="left" colspan="2" valign="top" width="46%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME</font></div>
</td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">6</font></div>
</td>
<td align="left" colspan="2" valign="top" width="44%">
<div style="TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.SIGNIFICANT ACCOUNTING POLICIES</font></div>
</td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3</font></div>
</td>
<td align="left" colspan="2" valign="top" width="46%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION</font></div>
</td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">7</font></div>
</td>
<td align="left" colspan="2" valign="top" width="44%">
<div style="TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.FUTURE CHANGES IN ACCOUNTING POLICIES</font></div>
</td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">4</font></div>
</td>
<td align="left" colspan="2" valign="top" width="46%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY</font></div>
</td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">8</font></div>
</td>
<td align="left" colspan="2" valign="top" width="44%">
<div style="TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.EXPENSES</font></div>
</td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">5</font></div>
</td>
<td align="left" colspan="2" valign="top" width="46%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</font></div>
</td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">9</font></div>
</td>
<td align="left" colspan="2" valign="top" width="44%">
<div style="TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5.TRADE AND OTHER RECEIVABLES</font></div>
</td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">10</font></div>
</td>
<td align="left" colspan="2" valign="top" width="44%">
<div style="TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6.TRADE AND OTHER PAYABLES</font></div>
</td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">10</font></div>
</td>
<td align="left" colspan="2" valign="top" width="44%">
<div style="TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.INVENTORIES</font></div>
</td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">11</font></div>
</td>
<td align="left" colspan="2" valign="top" width="44%">
<div style="TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8.MINING INTERESTS</font></div>
</td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">12</font></div>
</td>
<td align="left" colspan="2" valign="top" width="44%">
<div style="TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.LONG-TERM DEBT</font></div>
</td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">13</font></div>
</td>
<td align="left" colspan="2" valign="top" width="44%">
<div style="TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10.DERIVATIVE INSTRUMENTS</font></div>
</td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">14</font></div>
</td>
<td align="left" colspan="2" valign="top" width="44%">
<div style="TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11.SHARE CAPITAL</font></div>
</td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">17</font></div>
</td>
<td align="left" colspan="2" valign="top" width="44%">
<div style="TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12.INCOME AND MINING TAXES</font></div>
</td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">18</font></div>
</td>
<td align="left" colspan="2" valign="top" width="44%">
<div style="TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13.RECLAMATION AND CLOSURE COST OBLIGATIONS</font></div>
</td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">18</font></div>
</td>
<td align="left" colspan="2" valign="top" width="44%">
<div style="TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14.SUPPLEMENTAL CASH FLOW INFORMATION</font></div>
</td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">19</font></div>
</td>
<td align="left" colspan="2" valign="top" width="44%">
<div style="TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15.SEGMENTED INFORMATION</font></div>
</td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">20</font></div>
</td>
<td align="left" colspan="2" valign="top" width="44%">
<div style="TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">16.FAIR VALUE MEASUREMENT</font></div>
</td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="44%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="46%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">22</font></div>
</td>
<td align="left" colspan="2" valign="top" width="44%">
<div style="TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">17.COMMITMENTS AND CONTINGENCIES</font></div>
</td>
</tr></table>
</div>

<div>&#160;</div>

<div>
<div><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt">&#160;</font></div>
</div>

<div>&#160;</div>

<div>&#160;</div>

<div>New Gold Q1 2013 Report<br>
</div>

<div>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div>&#160;</div>

<div>
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" colspan="2" valign="bottom" width="49%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold"><a name="range_a1:f33">CONDENSED CONSOLIDATED INCOME STATEMENTS</a></font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="45%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 12pt">(unaudited)</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr bgcolor="#000000">
<td align="left" valign="bottom" width="45%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="4%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" colspan="3" valign="bottom" width="21%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Three months ended March 31</font></div>
</td>
</tr><tr bgcolor="#000000">
<td align="left" valign="bottom" width="45%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="4%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" valign="bottom" width="45%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(In millions of U.S. dollars, except per share amounts)</font></div>
</td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Note</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2013</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2012</font></div>
</td>
</tr><tr>
<td valign="bottom" width="45%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="bottom" width="45%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="45%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Revenues</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;201.8</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;168.8</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="45%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Operating expenses</font></div>
</td>
<td align="right" valign="bottom" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;106.1</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;72.3</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="45%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Depreciation and depletion</font></div>
</td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;37.9</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;18.8</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="45%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Earnings from mine operations</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;57.8</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;77.7</font></div>
</td>
</tr><tr>
<td valign="bottom" width="45%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="45%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Corporate administration</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;7.3</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;6.7</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="45%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Share-based payment expenses</font></div>
</td>
<td align="right" valign="bottom" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;2.5</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.4</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="45%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exploration and business development</font></div>
</td>
<td valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;4.0</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.8</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="45%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Income from operations</font></div>
</td>
<td align="right" valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;44.0</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;65.8</font></div>
</td>
</tr><tr>
<td valign="bottom" width="45%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="45%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Finance income</font></div>
</td>
<td align="right" valign="bottom" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.2</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="45%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Finance costs</font></div>
</td>
<td align="right" valign="bottom" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(11.5)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(2.1)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="45%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other gains (losses)</font></div>
</td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;15.8</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(12.1)</font></div>
</td>
</tr><tr>
<td valign="bottom" width="45%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="45%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Earnings before taxes</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;48.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;51.8</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="45%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Income tax expense</font></div>
</td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(12.4)</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(18.3)</font></div>
</td>
</tr><tr>
<td valign="bottom" width="45%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="45%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Net earnings</font></div>
</td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;36.3</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;33.5</font></div>
</td>
</tr><tr>
<td valign="bottom" width="45%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="45%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Earnings per share</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="45%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Basic</font></div>
</td>
<td align="right" valign="bottom" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.08</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.07</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="45%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diluted</font></div>
</td>
<td align="right" valign="bottom" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.08</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.07</font></div>
</td>
</tr><tr>
<td valign="bottom" width="45%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="45%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Weighted average number of shares outstanding (<font style="FONT-STYLE: italic; DISPLAY: inline">in millions)</font></font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="45%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Basic</font></div>
</td>
<td align="right" valign="bottom" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;476.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;461.4</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="45%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diluted</font></div>
</td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;480.5</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;472.9</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt">See accompanying notes to the condensed consolidated financial statements.<br>
</font></div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" colspan="4" valign="bottom" width="71%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold"><a name="range_a1:f18">CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME</a></font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="59%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 12pt">(unaudited)</font></div>
</td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="6%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr bgcolor="#000000">
<td align="left" valign="bottom" width="59%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" colspan="3" valign="bottom" width="19%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Three months ended March 31</font></div>
</td>
</tr><tr bgcolor="#000000">
<td align="left" valign="bottom" width="59%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="6%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="left" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" valign="bottom" width="59%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(In millions of U.S. dollars)</font></div>
</td>
<td align="right" valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Note</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="6%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2013</font></div>
</td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2012</font></div>
</td>
</tr><tr>
<td valign="bottom" width="59%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="6%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="59%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Net earnings</font></div>
</td>
<td align="right" valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="6%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;36.3</font></div>
</td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;33.5</font></div>
</td>
</tr><tr>
<td valign="bottom" width="59%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="6%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="59%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other comprehensive (loss) income</font></div>
</td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="6%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="59%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Unrealized losses on mark-to-market of gold contracts</font></div>
</td>
<td align="right" valign="bottom" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="6%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;9.1</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(22.0)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="59%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Realized losses on settlement of gold contracts</font></div>
</td>
<td align="right" valign="bottom" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="6%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;10.8</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;12.9</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="59%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Unrealized losses on available-for-sale securities (net of tax)</font></div>
</td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="6%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(0.3)</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.7)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="59%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Foreign currency translation adjustment</font></div>
</td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="6%" bgcolor="#f2f2f2" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;23.4</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="59%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Deferred Income tax related to gold contracts</font></div>
</td>
<td align="right" valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="6%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(8.1)</font></div>
</td>
<td valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.7</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="59%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total other comprehensive income (loss)</font></div>
</td>
<td align="left" valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="6%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;11.5</font></div>
</td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;17.3</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="59%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total comprehensive income</font></div>
</td>
<td align="left" valign="bottom" width="5%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="6%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;47.8</font></div>
</td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;50.8</font></div>
</td>
</tr><tr>
<td valign="bottom" width="59%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="6%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" colspan="5" valign="bottom" width="74%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">All items recorded in other comprehensive income will be reclassifed in subsequent periods to net earnings</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt">See accompanying notes to the condensed consolidated financial statements.<br>
</font></div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" colspan="4" valign="bottom" width="65%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold"><a name="range_a1:g51">CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION</a></font></div>
</td>
<td valign="bottom" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 12pt">(unaudited)</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr bgcolor="#000000">
<td align="left" valign="bottom" width="38%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="20%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 31</font></div>
</td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">December 31</font></div>
</td>
</tr><tr bgcolor="#000000">
<td align="left" valign="bottom" width="38%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="20%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" valign="bottom" width="38%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(In millions of U.S. dollars)</font></div>
</td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="20%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Note</font></div>
</td>
<td align="right" valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2013</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2012</font></div>
</td>
</tr><tr>
<td valign="bottom" width="38%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Assets</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Current assets</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="11%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cash and cash equivalents</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;672.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;687.8</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Trade and other receivables</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5</font></div>
</td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;23.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;46.9</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Inventories</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7</font></div>
</td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;170.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;163.3</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Current income tax receivable</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;6.1</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;6.6</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="38%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Prepaid expenses and other</font></div>
</td>
<td valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;10.3</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;12.9</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total current assets</font></div>
</td>
<td align="left" valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;882.4</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;917.5</font></div>
</td>
</tr><tr>
<td valign="bottom" width="38%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="11%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Investments</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.0</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Non-current inventories</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7</font></div>
</td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;32.3</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;32.4</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mining interests</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8</font></div>
</td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;3,190.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3,134.9</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Deferred tax assets</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;192.8</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;194.1</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="38%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other</font></div>
</td>
<td valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;3.6</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.8</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="38%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total assets</font></div>
</td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="20%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;4,302.2</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4,283.7</font></div>
</td>
</tr><tr>
<td valign="bottom" width="38%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="11%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Liabilities and equity</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="11%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Current liabilities</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="11%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Trade and other payables</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6</font></div>
</td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;111.8</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;120.7</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="38%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Current derivative liabilities</font></div>
</td>
<td valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10</font></div>
</td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;51.4</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;56.4</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total current liabilities</font></div>
</td>
<td align="left" valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;163.2</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;177.1</font></div>
</td>
</tr><tr>
<td valign="bottom" width="38%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="11%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Reclamation and closure cost obligations</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13</font></div>
</td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;67.0</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;68.5</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Provisions</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;10.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;9.5</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Non-current derivative liabilities</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10</font></div>
</td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;37.0</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;54.1</font></div>
</td>
</tr><tr>
<td align="left" colspan="2" valign="bottom" width="40%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Non-current non-hedged derivative liabilities</font></div>
</td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10</font></div>
</td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;56.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;80.3</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Long-term debt</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9</font></div>
</td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;854.3</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;847.8</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Deferred tax liabilities</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;336.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;322.9</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Deferred benefit</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;46.3</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;46.3</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="38%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other</font></div>
</td>
<td valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1.0</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.7</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="38%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total liabilities</font></div>
</td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="20%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1,572.1</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,607.2</font></div>
</td>
</tr><tr>
<td valign="bottom" width="38%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="11%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Equity</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="11%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Common shares</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11</font></div>
</td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;2,624.1</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2,618.4</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Contributed surplus</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;85.3</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;85.2</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other reserves</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(39.0)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(50.5)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="38%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Retained earnings</font></div>
</td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="20%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;59.7</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;23.4</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="38%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total equity</font></div>
</td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="20%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;2,730.1</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2,676.5</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="38%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total liabilities and equity</font></div>
</td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="20%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;4,302.2</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4,283.7</font></div>
</td>
</tr><tr>
<td valign="bottom" width="38%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" colspan="2" valign="bottom" width="40%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Approved and authorized by the Board on May 1, 2013</font></div>
</td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="bottom" width="38%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="bottom" width="38%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="20%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="38%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">"Robert Gallagher"</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="20%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">"James Estey"</font></div>
</td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="38%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Robert Gallagher, Director</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="20%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">James Estey, Director</font></div>
</td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt">See accompanying notes to the condensed consolidated financial statements</font>.<br>
</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" colspan="4" valign="bottom" width="66%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold"><a name="range_a1:f30">CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY</a></font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 12pt">(unaudited)</font></div>
</td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr bgcolor="#000000">
<td align="left" valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" colspan="3" valign="bottom" width="19%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Three months ended March 31</font></div>
</td>
</tr><tr bgcolor="#000000">
<td align="left" valign="bottom" width="53%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="5%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="1%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(In millions of U.S. dollars)</font></div>
</td>
<td align="right" valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Note</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2013</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2012</font></div>
</td>
</tr><tr>
<td valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Common shares</font></div>
</td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Balance, beginning of period</font></div>
</td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;2,618.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2,464.0</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Shares issued for exercise of options and warrants</font></div>
</td>
<td align="right" valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;5.7</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4.5</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Balance, end of period</font></div>
</td>
<td align="right" valign="bottom" width="5%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;2,624.1</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2,468.5</font></div>
</td>
</tr><tr>
<td valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Contributed surplus</font></div>
</td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Balance, beginning of period</font></div>
</td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;85.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;80.4</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exercise of options</font></div>
</td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(2.0)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(1.2)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Equity settled share-based payments</font></div>
</td>
<td align="right" valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;2.1</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.0</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Balance, end of period</font></div>
</td>
<td align="right" valign="bottom" width="5%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;85.3</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;81.2</font></div>
</td>
</tr><tr>
<td valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Other reserves</font></div>
</td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Balance, beginning of period</font></div>
</td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(50.5)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(86.4)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Foreign currency translation adjustment</font></div>
</td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" bgcolor="#f2f2f2" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;23.4</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change in fair value of available-for-sale investments</font></div>
</td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(0.3)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.7)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change in fair value of hedging instruments (net of tax)</font></div>
</td>
<td valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;11.8</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(5.4)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Balance, end of period</font></div>
</td>
<td align="right" valign="bottom" width="5%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(39.0)</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(69.1)</font></div>
</td>
</tr><tr>
<td valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Retained earnings (deficit)</font></div>
</td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Balance, beginning of period</font></div>
</td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;23.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(175.6)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Net earnings</font></div>
</td>
<td align="right" valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;36.3</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;33.5</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Balance, end of period</font></div>
</td>
<td align="right" valign="bottom" width="5%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;59.7</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(142.1)</font></div>
</td>
</tr><tr>
<td valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total equity</font></div>
</td>
<td align="right" valign="bottom" width="5%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;2,730.1</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2,338.5</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">See accompanying notes to the condensed consolidated financial statements.<br>
</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" colspan="2" valign="bottom" width="59%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold"><a name="range_a1:f49">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</a></font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="55%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 12pt">(unaudited)</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr bgcolor="#000000">
<td align="left" valign="bottom" width="55%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="4%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" colspan="3" valign="bottom" width="21%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Three months ended March 31</font></div>
</td>
</tr><tr bgcolor="#000000">
<td align="left" valign="bottom" width="55%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="4%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" valign="bottom" width="55%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(In millions of U.S. dollars)</font></div>
</td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Note</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2013</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2012</font></div>
</td>
</tr><tr>
<td valign="bottom" width="55%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="55%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Operating activities</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="55%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Net earnings</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;36.3</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;33.5</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Adjustments for:</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="55%">
<div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Realized gains on gold contracts</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(2.7)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(2.4)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%">
<div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Realized and unrealized foreign exchange losses</font></div>
</td>
<td align="right" valign="bottom" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;5.6</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.5</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%">
<div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Unrealized (gains) losses on non-hedged derivatives</font></div>
</td>
<td align="right" valign="bottom" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(22.6)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;8.6</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%">
<div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Unrealized losses on concentrate contracts</font></div>
</td>
<td align="right" valign="bottom" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.5</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%">
<div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Reclamation and closure costs paid</font></div>
</td>
<td align="right" valign="bottom" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(0.4)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%">
<div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Loss on disposal of assets</font></div>
</td>
<td align="right" valign="bottom" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.5</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.3</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%">
<div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Depreciation and depletion</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;37.8</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;18.5</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%">
<div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Equity-settled share-based payment expense</font></div>
</td>
<td align="right" valign="bottom" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;2.1</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.0</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%">
<div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Unrealized losses on cash flow hedging items</font></div>
</td>
<td align="right" valign="bottom" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.5</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.2</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%">
<div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Income tax expense</font></div>
</td>
<td align="right" valign="bottom" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;12.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;18.3</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%">
<div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Finance income</font></div>
</td>
<td align="right" valign="bottom" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(0.4)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.2)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Finance costs</font></div>
</td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;11.5</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.1</font></div>
</td>
</tr><tr>
<td valign="bottom" width="55%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;81.1</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;82.4</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change in non-cash operating working capital</font></div>
</td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">14</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(12.9)</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(16.3)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cash generated from operations</font></div>
</td>
<td align="right" valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;68.2</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;66.1</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Income taxes paid</font></div>
</td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(9.7)</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(29.4)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Net cash generated from operations</font></div>
</td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;58.5</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;36.7</font></div>
</td>
</tr><tr>
<td valign="bottom" width="55%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="55%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Investing activities</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="55%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mining interests</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(76.4)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(110.1)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Purchase of additional Blackwater mining claims</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" bgcolor="#f2f2f2" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(6.0)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Interest received</font></div>
</td>
<td valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.2</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.2</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cash used in investing activities</font></div>
</td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(76.2)</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(115.9)</font></div>
</td>
</tr><tr>
<td valign="bottom" width="55%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="55%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Financing activities</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="55%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Issuance of common shares on exercise of options and warrants</font></div>
</td>
<td align="right" valign="bottom" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;3.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.3</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Financing initiation costs</font></div>
</td>
<td valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(0.3)</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(1.6)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cash generated by financing activities</font></div>
</td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;3.4</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.7</font></div>
</td>
</tr><tr>
<td valign="bottom" width="55%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="55%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Effect of exchange rate changes on cash and cash equivalents</font></div>
</td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(1.1)</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.8</font></div>
</td>
</tr><tr>
<td valign="bottom" width="55%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="55%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Decrease in cash and cash equivalents</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(15.4)</font></div>
</td>
<td align="left" valign="bottom" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(73.7)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cash and cash equivalents, beginning of the period</font></div>
</td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;687.8</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;309.4</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Cash and cash equivalents, end of the period</font></div>
</td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;672.4</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;235.7</font></div>
</td>
</tr><tr>
<td valign="bottom" width="55%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="55%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cash and cash equivalents are comprised of:</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="55%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cash</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;317.6</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;138.0</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Short-term money market instruments</font></div>
</td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;354.8</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;97.7</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="55%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;672.4</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;235.7</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div>&#160;</div>

<div><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt">See accompanying notes to the condensed consolidated financial statements.<br>
</font>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">5</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the three months ended March 31, 2013 and 2012</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(Amounts expressed in millions of U.S. dollars, except per share amounts and unless otherwise noted)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1. &#8194;DESCRIPTION OF BUSINESS AND NATURE OF OPERATIONS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold Inc. (the &#8220;Company&#8221;) and its subsidiaries are gold producers engaged in gold mining and related activities including acquisition, exploration, extraction, processing and reclamation. The Company&#8217;s assets are comprised of the Mesquite Mine in the United States (&#8220;U.S.&#8221;), the Cerro San Pedro Mine in Mexico, the Peak Gold Mines in Australia, and the New Afton Mine in Canada. Significant projects include the Blackwater development project in Canada and a 30% interest in the El Morro copper-gold development project in Chile.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company is a publicly listed company incorporated in Canada with limited liability under the legislation of the Province of British Columbia. The Company&#8217;s shares are listed on the Toronto Stock Exchange and the New York Stock Exchange MKT under the symbol NGD.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company&#8217;s registered office is located at 1800 &#8211; 555 Burrard Street, Vancouver, British Columbia, V7X 1M9, Canada.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>

<br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2. &#8194;SIGNIFICANT ACCOUNTING POLICIES</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(a)&#8194; Statement of compliance</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">These unaudited condensed consolidated interim financial statements have been prepared in accordance with International Accounting Standard (&#8220;IAS&#8221;) 34, <font style="FONT-STYLE: italic; DISPLAY: inline">Interim Financial Reporting</font>, on a basis consistent with the accounting policies disclosed in the audited consolidated financial statements for the fiscal year ended December 31, 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">These unaudited interim financial statements should be read in conjunction with the most recently issued Annual Financial Report of the Company which includes information necessary or useful to understanding the Company's business and financial statement presentation. In particular, the Company's significant accounting policies were presented as Note 2 to the audited consolidated financial statements for the fiscal year ended December 31, 2012, and have been consistently applied in the preparation of these unaudited condensed consolidated interim financial statements, except as noted in 2(b).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">These unaudited condensed consolidated interim financial statements were approved by the Board of Directors of the Company on May 1, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(b) &#8194;Changes in accounting policies</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company has adopted the following new and revised International Financial Reporting standards (&#8220;IFRS&#8221;), as issued by the International Accounting Standards Board (&#8220;IASB&#8221;) along with any amendments, effective January 1, 2013. These changes were made in accordance with the applicable transitional provisions.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IFRS 7, Financial Instrument Disclosure (Amended)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IFRS 7, <font style="FONT-STYLE: italic; DISPLAY: inline">Financial Instrument Disclosure (Amended)(&#8220;IFRS 7&#8221;),</font> requires disclosure about all recognized financial instruments that are offset in accordance with IAS 32 Financial Instruments: Presentation. The amendments also require disclosure of information about recognized financial instruments subject to enforceable master netting arrangements and similar agreements even if they are not set off under IAS 32. The Company has reviewed the amendment and determined that no additional disclosures are currently required.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IFRS 10, Consolidated Financial Statements</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IFRS 10, <font style="FONT-STYLE: italic; DISPLAY: inline">Consolidated Financial Statements (&#8220;IFRS 10&#8221;)</font>, replaces the guidance on control and consolidation in IAS 27, <font style="FONT-STYLE: italic; DISPLAY: inline">Consolidated Separate Financial Statements, </font>and SIC-12, <font style="FONT-STYLE: italic; DISPLAY: inline">Consolidation &#8211; Special Purpose Entities</font>. IFRS 10 requires consolidation of an investee only if the investor possesses the power over the investee, has exposure to variable returns from its involvement with the investee and has the ability to use its power over the investee to affect its returns. The Company assessed its consolidation conclusions on January 1, 2013 and determined that the adoption of IFRS 10 did not result in any change in the consolidation status of any of its subsidiaries and investees.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IFRS 11, Joint Arrangements</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IFRS 11, <font style="FONT-STYLE: italic; DISPLAY: inline">Joint Arrangements (&#8220;IFRS 11&#8221;)</font>, supersedes IAS 31, <font style="FONT-STYLE: italic; DISPLAY: inline">Interests in Joint Ventures,</font> and requires joint arrangements to be classified either as joint operations or joint ventures depending on the contractual rights and obligations of each investor that jointly controls the arrangement. For joint operations, a company recognizes its share of assets, liabilities, revenues and expenses of the joint operation. An investment in a joint venture is accounted for using the equity method as set out in IAS 28, <font style="FONT-STYLE: italic; DISPLAY: inline">Investments in Associates and Joint Ventures (amended in 2011).</font> The other amendments did not affect the Company. The Company has classified its joint arrangements and concluded that the adoption of IFRS 11 did not result in any changes in the accounting for its joint arrangements.</font></div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">6</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IFRS 12, <font style="FONT-STYLE: italic; DISPLAY: inline">Disclosure of Interests in Other Entities</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IFRS 12, <font style="FONT-STYLE: italic; DISPLAY: inline">Disclosure of Interests in Other Entities (&#8220;IFRS 12&#8221;),</font> combines the disclosure requirements for the Company&#8217;s subsidiaries, joint arrangements, associates and unconsolidated structured entities. The requirements of IFRS 12 include reporting on the nature of risks associated with the Company&#8217;s interests in other entities, and the effects of those interests on the Company&#8217;s consolidated financial statements. The Company has assessed its disclosure and concluded that the adoption of IFRS 12 did not results in any change in disclosure in these condensed consolidated interim financial statements, however will result in additional disclosure in the year-end financial statements.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IFRS 13, Fair Value Measurement</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IFRS 13, <font style="FONT-STYLE: italic; DISPLAY: inline">Fair Value Measurement (&#8220;IFRS 13&#8221;)</font>, provides a single framework for measuring fair value. The measurement of the fair value of an asset or liability is based on assumptions that market participants would use when pricing the asset or liability under current market conditions, including assumptions about risk. The Company adopted IFRS 13 on January 1, 2013 on a prospective basis. The adoption of IFRS 13 did not require any adjustments to the valuation techniques used by the Company to measure fair value and did not result in any measurement adjustments as at January 1, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IFRS 19 Employee Benefits (Amended)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IFRS 19,<font style="FONT-STYLE: italic; DISPLAY: inline"> Employee Benefits (Amended (&#8220;IFRS 19&#8221;)</font> revised accounting for employee benefits. It requires the recognition of all re-measurements of defined benefit liabilities/assets immediately in other comprehensive income (removal of the so-called &#8216;corridor&#8217; method), the immediate recognition of all past service cost in profit or loss and the calculation of a net interest expense or income by applying the discount rate to the net defined benefit liability or asset. This replaces the expected return on plan assets that is currently included in net earnings. The standard also introduces a number of additional disclosures for defined benefit liabilities/assets and could affect the timing of the recognition of termination benefits. The adoption of the amendments had no material impact.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IAS 1 Amendment, Presentation of Items of Other Comprehensive Income (&#8220;IAS 1&#8221;)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company has adopted the amendments to IAS 1 effective January 1, 2013. These amendments required the Company to group other comprehensive income items by those that will be reclassified subsequently to profit or loss and those that will not be reclassified. These changes did not result in any adjustments to other comprehensive income or comprehensive income.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IFRIC 20, <font style="FONT-STYLE: italic; DISPLAY: inline">Stripping Costs in the Production Phase of a Mine</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">IFRIC 20, <font style="FONT-STYLE: italic; DISPLAY: inline">Stripping Costs in the Production Phase of a Mine (&#8220;IFRIC 20&#8221;),</font> clarifies the accounting for the costs of stripping activity in the production phase of a mine when two benefits occur: (i) usable ore that can be used to produce inventory and (ii) improved access to further quantities of material that will be mined in future periods. IFRIC 20 includes guidance on transition for pre-existing stripping assets. The adoption of IFRIC 20 did not require any adjustments to the existing accounting for stripping activities and did not result in any measurement adjustments as at January 1, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>

<div>&#160;</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="para_67"><!--EFPlaceholder--></a><a name="para_68">3. &#8194;FUTURE CHANGES IN ACCOUNTING POLICIES</a></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Accounting standards anticipated to be effective January 1, 2015</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Financial instruments</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The IASB intends to replace IAS 39 &#8211; <font style="FONT-STYLE: italic; DISPLAY: inline">Financial Instruments: Recognition and Measurement</font> (&#8220;IAS 39&#8221;) in its entirety with IFRS 9 &#8211; <font style="FONT-STYLE: italic; DISPLAY: inline">Financial Instruments</font> (&#8220;IFRS 9&#8221;) in three main phases. IFRS 9 will be the new standard for the financial reporting of financial instruments that is principles-based and less complex than IAS 39. In November 2009 and October 2010, phase 1 of IFRS 9 was issued and amended, respectively, which addressed the classification and measurement of financial assets and financial liabilities. IFRS 9 requires that all financial assets be classified and subsequently measured at amortized cost or at fair value based on the Company&#8217;s business model for managing financial assets and the contractual cash flow characteristics of the financial assets. Financial liabilities are classified as subsequently measured at amortized cost except for financial liabilities classified as at FVTPL, financial guarantees and certain other exceptions. On July 22, 2011, the IASB agreed to defer the mandatory effective date of IFRS 9 from annual periods beginning on or after January 1, 2013 (with earlier application permitted) to annual periods beginning on or after January 1, 2015 (with earlier application still permitted). The IASB proposed the deferral of IFRS 9 in an exposure draft with a 60-day comment period which ended on October 21, 2011. The Company is currently evaluating the impact the final standard is expected to have on its consolidated financial statements.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">7</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">4. &#8194;EXPENSES</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(a)&#8194;Operating expenses by nature</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Operating expenses by nature for the three months ended March 31, are as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="left" valign="bottom" width="54%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="right" valign="bottom" width="54%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td valign="middle" width="54%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="54%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Raw materials and consumables</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;42.9</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;32.9</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="54%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Salaries and employee benefits</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;29.0</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;18.9</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="54%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Repairs and maintenance</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;7.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;7.3</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="54%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Contractors</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;12.1</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;5.0</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="54%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Royalties</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;4.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.5</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="54%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Shipping costs</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.1</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="54%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change in inventories and work-in-progress</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(6.5)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(9.0)</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="54%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Operating leases</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;7.0</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;7.5</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="54%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">General and administrative</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;8.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4.7</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="54%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other</font></div>
</td>
<td valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1.4</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.4</font></div>
</td>
</tr><tr>
<td valign="bottom" width="54%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;106.1</font></div>
</td>
<td align="left" valign="middle" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;72.3</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(b) Finance costs and income</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Finance costs and income for the three months ended March 31, are as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="left" valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="right" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td valign="middle" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Finance costs</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Interest on senior unsecured notes</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;13.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Interest on senior secured notes</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" bgcolor="#f2f2f2" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;5.0</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Interest on convertible debentures</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" bgcolor="#f2f2f2" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.5</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other interest</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.4</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Unwinding of the discount on decommisioning obligations</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.6</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.4</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="53%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other finance costs</font></div>
</td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.8</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.3</font></div>
</td>
</tr><tr>
<td valign="middle" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;15.5</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;8.6</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="53%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Less: amounts included in cost of qualifying assets</font></div>
</td>
<td valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(4.0)</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(6.5)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;11.5</font></div>
</td>
<td align="left" valign="middle" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.1</font></div>
</td>
</tr><tr>
<td valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr bgcolor="#000000">
<td align="left" valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="right" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td valign="middle" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Finance income</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Interest income</font></div>
</td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.4</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.2</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(c)&#8194;Other gains and losses</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table summarizes other gains and (losses) for the three months ended March 31:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="left" valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="right" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td valign="middle" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ineffectiveness on hedging instruments</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">i</font></div>
</td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(0.5)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.2)</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Unrealized gain (loss) on non-hedged derivatives</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">ii</font></div>
</td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;22.6</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(8.6)</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Loss on foreign exchange</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(5.6)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(1.5)</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Loss on disposal of assets</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(0.5)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.3)</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="53%" style="BORDER-BOTTOM: black 2px solid; PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other</font></div>
</td>
<td valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid; PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(0.2)</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid; PADDING-BOTTOM: 2px">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(1.5)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;15.8</font></div>
</td>
<td align="left" valign="middle" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(12.1)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)&#8194;Ineffectiveness on hedging instruments</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company has gold forward sales contracts that commenced in July 2008 representing a commitment of 5,500 ounces per month ending in December 2014 (as described in Note 10 (a)). The effective portion of gold contracts is recorded in other comprehensive income until the forecasted gold sale impacts earnings. The ineffective portion is recorded in net earnings in the current period. The ineffective portion has resulted in a loss of $0.5 million for the three months ended March 31, 2013 (2012 &#8211; loss of $0.2 million).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">8</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii)&#8194;Fair value loss on non-hedged derivatives</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table presents realized and unrealized gains and (losses) on non-hedged derivatives for the three months ended March 31:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="left" valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="right" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td valign="middle" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Unrealized gain (loss) on share purchase warrants</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;22.6</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(7.6)</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Unrealized loss on embedded derivative in senior secured notes</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" bgcolor="#f2f2f2" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(3.7)</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="53%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Unrealized gain on equity conversion option on debentures</font></div>
</td>
<td valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.7</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;22.6</font></div>
</td>
<td align="left" valign="middle" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(8.6)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Share purchase warrants</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company has outstanding share purchase warrants (&#8220;Warrants&#8221;), as of March 31, 2013. The Warrants have an exercise price denominated in a currency other than the Company&#8217;s functional currency and therefore are classified as a derivative liability. The Warrants are measured at fair value on initial recognition, and subsequently re-measured at fair value at the end of each reporting period. Gains or losses are recognized in net earnings.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">At March 31, 2013 the fair value of the derivative liability was $56.2 million (C$57.1 million) (December 31, 2012 - $80.3 million (C$79.9 million)). The change in fair value resulted in a gain of $22.6 million and a foreign exchange gain of $1.5 million on the revaluation of the Warrants for the three months ended March 31, 2013 (2012 &#8211; fair value loss of $7.6 million and a foreign exchange loss of $2.7 million).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Embedded derivative in Senior Secured Notes</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company had Senior Secured Notes (&#8220;Notes&#8221;) with a face value of C$187.0 million which were redeemed on May 7, 2012. The Company had the right to redeem the Notes, in whole or in part at any time prior to June 27, 2017, the maturity date, at a price ranging from 120% to 100% (decreasing based on the length of time the Notes are outstanding) of the principal amount of the Notes to be redeemed. As at March 31, 2012 the redemption price of 105%. The early redemption feature in the Notes qualified as an embedded derivative and was bifurcated for reporting purposes. The embedded derivative was measured at fair value on initial recognition, and subsequently re-measured at fair value at the end of each reporting period. Gains or losses are recognized in net earnings. This resulted in a fair value loss of $3.7 million for the three months ended March 31, 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Equity conversion Option on Convertible Debentures</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company had subordinate convertible debentures (&#8220;Debentures&#8221;) with a face value of C$55.0 million were redeemed on November 20, 2012. The Company had to right to give notice of the intended early redemption if its share price traded at a 25% premium to the C$9.35 per share conversion price for a period of 30 days on a volume weighted average basis. This occurred on October 11, 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Debentures were classified as compound financial instruments for reporting purposes due to the holder conversion option. The conversion option was treated as a derivative liability measured at fair value on initial recognition, and was subsequently re-measured at fair value at the end of each reporting period. Gains or losses are recognized in net earnings. This resulted in a gain of $2.7 million for the three months ended March 31, 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">5. &#8194;TRADE AND OTHER RECEIVABLES</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="right" valign="bottom" width="67%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="4%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr bgcolor="#000000">
<td align="right" valign="bottom" width="67%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="4%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 31</font></div>
</td>
<td align="right" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">December 31</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="right" valign="bottom" width="67%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td valign="middle" width="67%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="67%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Trade receivables</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;5.3</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;11.1</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="67%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Sales tax receivable</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;14.2</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;33.9</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="67%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Copper swap contracts</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;2.2</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.9)</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="67%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other</font></div>
</td>
<td valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1.7</font></div>
</td>
<td valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.8</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="67%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="4%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;23.4</font></div>
</td>
<td align="left" valign="middle" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;46.9</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">6.&#8194;TRADE AND OTHER PAYABLES</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="left" valign="bottom" width="67%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="4%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="left" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr bgcolor="#000000">
<td align="left" valign="bottom" width="67%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="4%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 31</font></div>
</td>
<td align="left" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">December 31</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="right" valign="bottom" width="67%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td valign="middle" width="67%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="67%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Trade payables</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;32.3</font></div>
</td>
<td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;34.3</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="67%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Interest payable</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;21.4</font></div>
</td>
<td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;8.4</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="67%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Accruals</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;54.9</font></div>
</td>
<td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;74.7</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="67%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Current portion of decommissioning obligations (Note 13)</font></div>
</td>
<td valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;3.2</font></div>
</td>
<td valign="middle" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.3</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="67%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="4%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;111.8</font></div>
</td>
<td align="left" valign="middle" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;120.7</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>

<div>&#160;</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">7. &#8194;INVENTORIES</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="left" valign="bottom" width="67%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="4%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr bgcolor="#000000">
<td align="left" valign="bottom" width="67%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="4%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 31</font></div>
</td>
<td align="right" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">December 31</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="right" valign="bottom" width="67%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td valign="middle" width="67%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="67%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Heap leach ore</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;140.8</font></div>
</td>
<td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;129.5</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="67%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Work-in-process</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;14.6</font></div>
</td>
<td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;18.1</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="67%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Finished goods</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;11.1</font></div>
</td>
<td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;13.9</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="67%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Stockpile ore</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1.4</font></div>
</td>
<td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.3</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="67%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Supplies</font></div>
</td>
<td valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;34.6</font></div>
</td>
<td valign="middle" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;33.9</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="67%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;202.5</font></div>
</td>
<td align="left" valign="middle" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;195.7</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="67%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Less: non-current inventories</font></div>
</td>
<td valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(32.3)</font></div>
</td>
<td valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(32.4)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="67%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="4%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;170.2</font></div>
</td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;163.3</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The amount of inventories recognized in operating expenses for the three months ended March 31, 2013 was $101.8 million (December 31, 2012 &#8211; $68.8 million). There were no write-downs or reversals of write-downs during the year. Heap leach inventories of $32.3 million (December 31, 2012 &#8211; $32.4 million) are expected to be recovered after one year.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">10</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">8.&#8194;MINING INTERESTS</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom" width="34%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="bottom" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mining properties</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="bottom" width="34%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Non</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Plant &amp;</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Construction</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exploration</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="bottom" width="34%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Depletable</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">depletable</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">equipment</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">in progress</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&amp; evaluation</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total</font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="34%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr>
<td valign="bottom" width="34%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Cost</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">As at December 31, 2011</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;609.9</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,728.4</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;612.8</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;31.0</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;9.7</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2,991.8</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="34%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Additions</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;28.6</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;320.5</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;116.0</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;135.5</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: -9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;600.6</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="34%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Disposals/write-offs</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.1)</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(15.8)</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(15.9)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="34%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Transfers</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;791.7</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(742.8)</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;41.1</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(117.0)</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(27.0)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="34%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pre-commerical production revenue</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(14.5)</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(14.5)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="34%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Foreign exchange translation</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;10.6</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;7.4</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.3</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;21.3</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">As at December 31, 2012</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,440.7</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,299.0</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;757.4</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;49.5</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;9.7</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3,556.3</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="34%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Additions</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;8.3</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;28.1</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;7.0</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;53.1</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;96.5</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="34%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Disposals/write-offs</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(1.1)</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(1.1)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="34%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Transfers</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;24.5</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;52.0</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(76.5)</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="34%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">As at March 31, 2013</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1,473.5</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1,327.1</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;815.3</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;26.1</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;9.7</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;3,651.7</font></div>
</td>
</tr><tr>
<td valign="bottom" width="34%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Accumulated depreciation</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">As at December 31, 2011</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;162.1</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;134.4</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;296.5</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="34%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Depreciation for the period</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;81.3</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;55.6</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;136.9</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="34%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Disposals</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(12.5)</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(12.5)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="34%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Foreign exchange translation</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.5</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.5</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">As at December 31, 2012</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;243.4</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;178.0</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;421.4</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="34%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Depreciation for the period</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;23.0</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;17.5</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;40.5</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="34%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Disposals</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.6)</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.6)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="34%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">As at March 31, 2013</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;266.4</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;194.9</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;461.3</font></div>
</td>
</tr><tr>
<td valign="bottom" width="34%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Carrying amount</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">As at December 31, 2012</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,197.3</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,299.0</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;579.4</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;49.5</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;9.7</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3,134.9</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="34%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">As at March 31, 2013</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1,207.1</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1,327.1</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;620.4</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;26.1</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;9.7</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;3,190.4</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company capitalized interest of $4.0 million for the three months ended March 31, 2013 (2012 &#8211; $6.5 million) to qualifying development projects. The Company used a capitalization rate of 1.63% during the three months ended March 31, 2013 to determine the amount of general borrowing costs eligible for capitalization to qualifying development projects. For the three months ended March 31, 2012 the Company had no general borrowings, however interest on the Senior Secured Notes and the Convertible Debentures were fully capitalized to the New Afton Mine while it was in development in 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A summary of carrying amount by property as at March 31, 2013 is as follows:</font></div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom" width="32%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="bottom" width="20%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mining properties</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="bottom" width="32%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Non</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Plant &amp;</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Construction</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">March 31</font></div>
</td>
</tr><tr>
<td valign="bottom" width="32%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Depletable</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">depletable</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">equipment</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">in Progress</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2013</font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="32%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">$</font></div>
</td>
</tr><tr>
<td valign="bottom" width="32%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mesquite Mine</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;166.7</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;30.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;95.3</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.5</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;294.2</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cerro San Pedro Mine</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;159.1</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;70.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;78.5</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;312.0</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Peak Gold Mines</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;100.2</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;49.0</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;94.0</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;12.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;255.4</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">New Afton Mine</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;781.1</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;303.0</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;8.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1,092.8</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">El Morro Project</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;428.6</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;428.6</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Blackwater Project</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;748.1</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;46.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;794.8</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other Projects</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;9.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;9.7</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="32%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Corporate</font></div>
</td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.9</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;2.9</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="32%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1,207.1</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1,336.8</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;620.4</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;26.1</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;3,190.4</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">11</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A summary of carrying amount by property is as at December 31, 2012 is as follows:</font></div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom" width="32%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="bottom" width="20%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mining properties</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="bottom" width="32%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Non</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Plant &amp;</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Construction</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">December 31</font></div>
</td>
</tr><tr>
<td valign="bottom" width="32%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Depletable</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">depletable</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">equipment</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">in Progress</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2012</font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="32%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">$</font></div>
</td>
</tr><tr>
<td valign="bottom" width="32%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mesquite Mine</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;169.9</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;30.6</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;91.1</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.1</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;292.7</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cerro San Pedro Mine</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;170.6</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;70.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;70.9</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;316.6</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Peak Gold Mines</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;103.4</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;49.0</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;87.6</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;10.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;250.2</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">New Afton Mine</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;753.4</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;302.9</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;9.6</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1,065.9</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">El Morro Project</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;423.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;423.2</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Blackwater Project</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;725.5</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;23.5</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;24.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;773.2</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="32%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other Projects</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;9.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;9.7</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="32%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Corporate</font></div>
</td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="1%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.4</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;3.4</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="32%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1,197.3</font></div>
</td>
<td align="left" valign="bottom" width="1%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1,308.7</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;579.4</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;49.5</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;3,134.9</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">9. &#8194;LONG-TERM DEBT</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Long-term debt consists of the following.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="right" valign="bottom" width="71%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="4%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr bgcolor="#000000">
<td align="right" valign="bottom" width="71%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="4%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 31</font></div>
</td>
<td align="right" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">December 31</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="right" valign="bottom" width="71%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td valign="middle" width="71%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="11%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="71%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Senior Unsecured Notes - due April 15, 2020</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;292.7</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;292.5</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="71%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Senior Unsecured Notes - due November 15, 2022</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;490.3</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;490.1</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="71%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">El Morro project funding loan</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;71.3</font></div>
</td>
<td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;65.2</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="71%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Revolving credit facility</font></div>
</td>
<td align="left" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(a)</font></div>
</td>
<td valign="middle" width="11%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td valign="middle" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="71%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="4%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="11%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;854.3</font></div>
</td>
<td align="left" valign="middle" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;847.8</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(a)&#8194;Revolving credit facility</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On February 28, 2013, the Company extended its $150.0 million revolving credit facility for an additional twelve months to December 14, 2014. At the same time certain terms of the facility were amended, resulting in a reduction in pricing and increased flexibility with regard to shareholder distributions and to the security underpinning the facility. In addition, net debt, rather than total debt, will be used to calculate leverage for the purpose of covenant tests and pricing levels. The commitments from each member of the bank group remain the same, and all other major aspects of the facility remain unchanged.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Facility contains various covenants customary for a loan facility of this nature, including limits on indebtedness, asset sales and liens. Significant financial covenants are as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="right" valign="bottom" width="69%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 31</font></div>
</td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">December 31</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="right" valign="bottom" width="69%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td valign="middle" width="69%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="69%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Min. tangible net worth ($1.38 billion + 25% of positive quarterly net income)</font></div>
</div>
</td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&gt;$1.46 billion</font></font></td>
<td align="right" valign="bottom" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal">$3.1 billion </font></div>
</div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$3.05 billion</font></div>
</div>
</td>
</tr><tr>
<td align="left" valign="middle" width="69%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Minimum interest coverage ratio (EBITDA to interest)</font></div>
</div>
</td>
<td valign="bottom" width="10%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&gt;4.0:1.0</font></font></td>
<td valign="bottom" width="10%" bgcolor="#f2f2f2" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal">10.2:1 </font></div>
</div>
</td>
<td valign="bottom" width="2%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13.2 : 1</font></div>
</div>
</td>
</tr><tr>
<td valign="middle" width="69%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Maximum leverage ratio (net debt to EBITDA)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">1</font></font></div>
</div>
</td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; <font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&lt;3.0:1.0</font></font></td>
<td align="right" valign="bottom" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.4:1 &#160;</font></div>
</td>
<td valign="middle" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.0:1&#160;</font></div>
</td>
</tr><tr>
<td colspan="4" valign="middle" width="69%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">1&#160; </font></font>The comparative covenant test presented as at December 31, 2012 was not recalculated using net debt to EBITDA. It was calculated using total debt which was the covenant test at the time&#160;</font></td>
<td align="right" valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The interest margin on drawings under the Facility ranges from 1.25% to 3.50% over LIBOR, the Prime Rate or the Base Rate, based on the Company&#8217;s debt to EBITDA ratio and the currency and type of credit selected by the Company. The standby fees on undrawn amounts under the Facility range between 0.56% and 0.88% depending on the Company&#8217;s net debt to EBITDA ratio. Based on the Company&#8217;s net debt to EBITDA ratio, the rate is 0.56% as at March 31, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As at March 31, 2013, the Company has not drawn any funds under the Facility; however the Facility has been used to issue letters of credit of A$10.2 million for Peak Mines&#8217; reclamation bond for the State of New South Wales, C$9.5 million for New Afton&#8217;s commitment to B.C. Hydro for power and transmission construction work (the B.C. Hydro letter of credit will be released over time as New Afton consumes and pays for power in the early period of operations), C$9.5 million for New Afton&#8217;s reclamation requirements, C$1.2 million for Blackwater&#8217;s reclamation requirements and $18.4 million relating to environmental and reclamation requirements at Cerro San Pedro. The annual fees are 1.60% of the value of the outstanding letters of credit, which totalled $48.9 million as at March 31, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">12</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>

<br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">10. &#8194;DERIVATIVE INSTRUMENTS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following tables summarize derivative liabilities designated as hedging instruments.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="left" valign="bottom" width="67%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="4%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr bgcolor="#000000">
<td align="left" valign="bottom" width="67%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="4%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 31</font></div>
</td>
<td align="right" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">December 31</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="right" valign="bottom" width="67%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td valign="middle" width="67%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="67%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gold contracts</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;88.4</font></div>
</td>
<td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;110.5</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="67%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Less: current derivative liabilities</font></div>
</td>
<td valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(51.4)</font></div>
</td>
<td valign="middle" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(56.4)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="67%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Non-current derivative liabilities</font></div>
</td>
<td align="left" valign="bottom" width="4%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;37.0</font></div>
</td>
<td align="left" valign="middle" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;54.1</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Realized gains (losses) on derivatives not in a hedging relationship are recorded in other gains and losses. Unrealized and realized non-hedged derivative gains (losses) on concentrate sales are classified as revenue. For the three months ended March 31, 2013 the Company recorded an unrealized and realized loss of $0.5 million (2012 - $nil). Realized gains (losses) on derivatives in a qualifying hedge relationship are classified as revenue for gold hedging contracts.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the three months ended March 31, 2013, the Company recorded a mark-to-market gain of $2.2 million on copper swaps outstanding to manage the risk related to provisionally priced copper concentrate sales. The notional amount of copper underlying the swaps outstanding was 8,910 tonnes with settlement periods ranging from April 2013 to July 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table summarizes realized and unrealized non-hedged derivative gains (losses) for the three months ended March 31:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="left" valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="right" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td valign="middle" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Share purchase warrants</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;22.6</font></div>
</td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(7.6)</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Conversion option on convertible debentures</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" bgcolor="#f2f2f2" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.7</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="53%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Prepayment option on Senior Secured Notes</font></div>
</td>
<td valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td valign="middle" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(3.7)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;22.6</font></div>
</td>
<td align="left" valign="middle" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(8.6)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table summarizes derivative gains (losses) in other comprehensive income for the three months ended March 31:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="left" valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="right" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td valign="middle" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Effective portion of change in fair value of hedging instruments</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="53%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gold hedging contracts - unrealized</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;9.1</font></div>
</td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(22.0)</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="53%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gold hedging contracts - realized</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;10.8</font></div>
</td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;12.9</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="53%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Deferred income tax</font></div>
</td>
<td valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(8.1)</font></div>
</td>
<td valign="middle" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.7</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;11.8</font></div>
</td>
<td align="left" valign="middle" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(5.4)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">An unrealized derivative loss of $0.5 million (2012 &#8211; $0.2 million) relating to the ineffective portion of the change in fair value of hedging instruments was recorded in net earnings for the three months ended March 31, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The net amount of existing gains (losses) arising from the unrealized fair value of the Company&#8217;s gold hedging contracts, which are derivatives that are designated as cash flow hedges and are reported in other comprehensive income, would be reclassified to net earnings as contracts are settled on a monthly basis. The amount of such reclassification would be dependent upon fair values and amounts of the contracts settled. At March 31, 2013, the Company&#8217;s estimate of the net amount of existing derivative losses arising from the unrealized fair value of derivatives designated as cash flow hedges, which are reported in other comprehensive income and are expected to be reclassified to net earnings in the next 12 months, excluding tax effects, is $40.1 million for the gold hedging contracts.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(a)&#8194;Gold hedging contracts</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Under a term loan facility the Company retired on February 26, 2010, the Mesquite Mine was required to enter into a gold hedging program. The Company settles these contracts, at the Company&#8217;s option, by physical delivery of gold or on a net financial settlement basis. At March 31, 2013, the Company had gold forward sales contracts for 115,500 ounces of gold at a price of $801 per ounce at a remaining commitment of 5,500 ounces per month for 21 months.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">13</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On July 1, 2009, the Company&#8217;s gold hedging contracts were designated as cash flow hedges. Prospective and retrospective hedge effectiveness is assessed on these hedges using a hypothetical derivative method. The hypothetical derivative assessment involves comparing the effect of changes in gold spot and forward prices each period on the changes in fair value of both the actual and hypothetical derivative. The effective portion of the gold contracts is recorded in other comprehensive income until the forecasted gold sale impacts earnings. Where applicable, the fair value of the derivative has been adjusted to account for the Company&#8217;s credit risk.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(b)&#8194;Share purchase warrants</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table summarizes information about outstanding share purchase warrants.</font></div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="34%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Warrant Series</font></div>
</td>
<td align="right" valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Number</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;of warrants</font></div>
</td>
<td align="right" valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Common</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">shares issuable</font></div>
</td>
<td align="right" valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exercise price</font></div>
</td>
<td align="right" valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Expiry date</font></div>
</td>
</tr><tr>
<td valign="top" width="34%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(000s)</font></div>
</td>
<td align="right" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(000s)</font></div>
</td>
<td align="right" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">C$</font></div>
</td>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">March 31, 2013</font></div>
</td>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="34%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">New Gold Series A</font></div>
</td>
<td align="right" valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">27,850</font></div>
</td>
<td align="right" valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">27,850</font></div>
</td>
<td align="right" valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15.00</font></div>
</td>
<td align="right" valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 28, 2017</font></div>
</td>
</tr><tr>
<td valign="top" width="34%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">December 31, 2012</font></div>
</td>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">New Gold Series A</font></div>
</td>
<td align="right" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">27,850</font></div>
</td>
<td align="right" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">27,850</font></div>
</td>
<td align="right" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15.00</font></div>
</td>
<td align="right" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 28, 2017</font></div>
</td>
</tr><tr>
<td valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Silver Quest Warrants - B</font></div>
</td>
<td align="right" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">122</font></div>
</td>
<td align="right" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">122</font></div>
</td>
<td align="right" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10.22</font></div>
</td>
<td align="right" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 19, 2013</font></div>
</td>
</tr><tr>
<td valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Silver Quest Warrants - C</font></div>
</td>
<td align="right" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">148</font></div>
</td>
<td align="right" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">148</font></div>
</td>
<td align="right" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11.56</font></div>
</td>
<td align="right" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 20, 2013</font></div>
</td>
</tr><tr>
<td valign="top" width="34%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Silver Quest Warrants - D</font></div>
</td>
<td align="right" valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">126</font></div>
</td>
<td align="right" valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">126</font></div>
</td>
<td align="right" valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11.56</font></div>
</td>
<td align="right" valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 29, 2013</font></div>
</td>
</tr><tr>
<td valign="top" width="34%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="14%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">28,246</font></div>
</td>
<td align="right" valign="top" width="14%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">28,246</font></div>
</td>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The warrants are classified as a non-hedged derivative liability recorded as a FVTPL liability due to the currency of the warrants. The warrants are priced in Canadian dollars, which is not the functional currency of the Company. Therefore the warrants are fair valued using the market price with gains or losses recorded in net earnings.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">During the three months ending March 31, 2013 all the share purchase warrants acquired during the Silver Quest Resources Ltd asset acquisition on November 23, 2011 were exercised or expired. Of the outstanding warrants, 0.3 million expired un-exercised.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(c)&#8194;Non-current non-hedged derivative asset and liabilities classified as FVTPL assets and liabilities</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table summarizes FVTPL assets and liabilities.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="right" valign="bottom" width="66%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="4%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr bgcolor="#000000">
<td align="right" valign="bottom" width="66%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="4%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 31</font></div>
</td>
<td align="right" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">December 31</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="right" valign="bottom" width="66%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td valign="middle" width="66%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="66%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Share purchase warrants</font></div>
</td>
<td align="left" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;56.2</font></div>
</td>
<td align="left" valign="middle" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;80.3</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>

<br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">11. &#8194;SHARE CAPITAL</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">At March 31, 2013, the Company had unlimited authorized common shares and 476.9 million common shares outstanding.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(a)&#8194;No par value common shares issued</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom" width="66%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Number</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="bottom" width="66%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">of shares</font></div>
</td>
<td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="66%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(000s)</font></div>
</td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr>
<td valign="middle" width="66%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="66%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Balance - December 31, 2011</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;461,358</font></div>
</td>
<td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2,464.0</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="66%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exercise of options</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,339</font></div>
</td>
<td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;11.6</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="66%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exercise of warrants</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;7,434</font></div>
</td>
<td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;75.5</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="66%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Conversion of debentures</font></div>
</td>
<td valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;5,872</font></div>
</td>
<td valign="middle" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;67.3</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="66%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Balance - December 31, 2012</font></div>
</td>
<td align="left" valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;476,003</font></div>
</td>
<td align="left" valign="middle" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2,618.4</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="66%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exercise of options</font></div>
</td>
<td align="right" valign="bottom" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">i</font></div>
</td>
<td align="right" valign="middle" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;825</font></div>
</td>
<td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;5.5</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="66%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exercise of warrants</font></div>
</td>
<td valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;39</font></div>
</td>
<td valign="middle" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.2</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="66%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Balance - March 31, 2013</font></div>
</td>
<td align="left" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;476,867</font></div>
</td>
<td align="left" valign="middle" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;2,624.1</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">14</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i)&#8194;Exercise of options</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the three months ended March 31, 2013, the Company issued 0.8 million common shares pursuant to the exercise of stock options (2012 &#8211; 0.3 million). The Company received proceeds of $3.5 million (2012 - $3.1 million) from these exercises and transferred $2.0 million (2012 - $1.2 million) from contributed surplus.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(b) &#8194;Share-based payment expenses</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table summarizes share-based payment expenses for the three months ended March 31.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="left" valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="right" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td valign="middle" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Stock option expense</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;i</font></div>
</td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;2.1</font></div>
</td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.0</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Performance share unit expense</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;ii</font></div>
</td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.2</font></div>
</td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Share award unit expense</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;iii</font></div>
</td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.1</font></div>
</td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.4</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="53%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Deferred share award unit expense</font></div>
</td>
<td valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.1</font></div>
</td>
<td valign="middle" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;2.5</font></div>
</td>
<td align="left" valign="middle" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.4</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(i) &#8194;Stock options</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Under the Company&#8217;s Stock Option Plan (&#8220;Plan&#8221;), the maximum number of shares reserved for exercise of all options granted by the Company may not exceed 5% of the Company&#8217;s shares issued and outstanding at the time the options are granted. The exercise price of each option granted under the Plan is the five day volume weighted average share price preceding the grant date. Options granted under the Plan expire no later than the 5th or 7th anniversary of the date the options were granted and vesting provisions for issued options are determined at the discretion of the Board, although the Company has a practice of not having options vest earlier than 12 months.&#160; Options granted under the Plan are settled for equity. The Company has incorporated an estimated forfeiture rate for stock options that will not vest.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table presents the changes in the stock option plan.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom" width="63%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Number</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Weighted avg</font></div>
</td>
</tr><tr>
<td valign="bottom" width="63%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">of options</font></div>
</td>
<td valign="middle" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">exercise price</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="63%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(000s)</font></div>
</td>
<td align="right" valign="bottom" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">C$</font></div>
</td>
</tr><tr>
<td valign="middle" width="63%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Balance - December 31, 2011</font></div>
</td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;10,280</font></div>
</td>
<td valign="middle" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4.83</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="63%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Granted</font></div>
</td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2,160</font></div>
</td>
<td valign="middle" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;11.46</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="63%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exercised</font></div>
</td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(1,339)</font></div>
</td>
<td valign="middle" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;5.92</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="63%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Expired</font></div>
</td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(56)</font></div>
</td>
<td valign="middle" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;6.62</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="63%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Forfeited</font></div>
</td>
<td valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(106)</font></div>
</td>
<td valign="middle" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;7.98</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="63%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Balance -December 31, 2012</font></div>
</td>
<td align="left" valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;10,939</font></div>
</td>
<td align="left" valign="middle" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;5.96</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="63%">
<div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Granted</font></div>
</td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1,342</font></div>
</td>
<td valign="middle" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;10.01</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="63%">
<div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exercised</font></div>
</td>
<td valign="bottom" width="5%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(825)</font></div>
</td>
<td valign="middle" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;4.00</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="63%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 18pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Expired</font></div>
</td>
<td valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(2)</font></div>
</td>
<td valign="middle" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;6.30</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="63%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Balance - March 31, 2013</font></div>
</td>
<td align="left" valign="bottom" width="5%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;11,454</font></div>
</td>
<td align="left" valign="middle" width="4%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;6.58</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the three months ended March 31, 2013 the Company granted 1.3 million stock options (2012 &#8211; 1.7 million). The weighted average fair value of the stock options granted during the three months ended March 31, 2013 was C$4.47 (2012 &#8211; C$5.73). Options were priced using a Black-Scholes option-pricing model. Volatility is measured as the annualized standard deviation of stock price returns, based on historical movements of the Company&#8217;s share price and those of a number of peer companies. The grant date fair value will be amortized as part of compensation expense over the vesting period.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company had the following weighted average assumptions in the Black-Scholes option-pricing model for the three months ended March 31.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#b3995d">
<td align="left" valign="bottom" width="66%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="4%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="left" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td valign="bottom" width="66%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="66%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Grant price</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">C$10.01</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">C$11.87</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="66%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Expected dividend yield</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.0%</font></div>
</td>
<td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.0%</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="66%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Expected volatility</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">60.0%</font></div>
</td>
<td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">60.0%</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="66%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Risk-free interest rate</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.60%</font></div>
</td>
<td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.71%</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="66%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Expected life of options</font></div>
</td>
<td valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.7 years</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.7 years</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(ii) &#8194;Performance share units</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In 2013, the Company established a performance share unit (&#8220;PSU&#8221;) plan for employees and officers of the Company. A PSU unit represents the right to receive the cash equivalent of a common share or, at the Company&#8217;s option, a common share purchased on the market. PSUs issued vest at the end of three years. The number of units which will vest is determined based on the Company&#8217;s total return performance (based on the preceding five trading days volume weighted average share price) relative to the S&amp;P/TSX Global Gold Index Total Return Index Value during the applicable <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">period. Each of the three years where the PSU is outstanding will be weighted 25%, and the three year annualized period will be weighted 25% as well. The number of units that vest is determined by multiplying the number of units granted to the participant by the return performance adjustment factor, which ranges from 0.5 to 1.5. Therefore, the number of units that will vest and are paid out may be higher or lower than the number of units originally granted to a participant. Subject to TSX and shareholder approvals, which the Company intends seeking at its 2014 shareholders&#8217; meeting, on a Maturity Date, a PSU Participant may, at the discretion of the Board, be issued the equivalent number of common shares of New Gold as the number of PSU that vested on the Maturity Date in lieu of a cash payment.</font></font></div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">15</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As the Company is required to settle this award in cash, it will record an accrued liability and record a corresponding compensation expense. The share award unit is a financial instrument that will be fair valued at each reporting date based in the performance measurement criteria. For the three months ended March 31, 2013 the company recorded $0.2 million as compensation expense (2012 - $nil).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(iii) &#8194;Share award units</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In 2009, the Company established a share award unit plan as part of its long-term incentive program. Each share award unit allows the recipient, subject to certain plan restrictions, to receive cash on the entitlement date equal to the Company&#8217;s volume weighted average share price on the TSX for the five days prior to the anniversary date. One-third of the share awards units vest annually on the anniversary of the grant date. As the Company is required to settle this award in cash, it will record an accrued liability and record a corresponding compensation expense. The share award unit is a financial instrument that will be fair valued at each reporting date based on the five day volume weighted average price of the Company&#8217;s common shares. The changes in fair value will be included in the compensation expense for that period.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company issued 0.6 million share award units for the three months ended March 31, 2013 (2012 &#8211; 0.4 million). At March 31, 2013, there were 1.2 million non-vested share awards outstanding (2012 &#8211; 0.6 million). Including the fair value adjustment for the share award units previously issued, the Company recorded $0.6 million as compensation expense for the three months ended March 31, 2013 (2012 - $1.2 million). For the three months ended March 31, 2013 the Company capitalized $0.2 million (2012 - $0.4 million) for recipients working at the Company&#8217;s development projects and included $0.3 million (2012 &#8211; $0.4 million) as operating expenses as it relates to producing mine site employees.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(c) &#8194;Earnings per share</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table sets out the computation of diluted earnings per share for the three months ended March 31.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="right" valign="bottom" width="53%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="right" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td valign="middle" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Net earnings</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;36.3</font></div>
</td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;33.5</font></div>
</td>
</tr><tr>
<td valign="middle" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Dilution of net earnings</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Dilutive effect of the Debenture conversion option</font></div>
</td>
<td valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(2.0)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Net diluted earnings</font></div>
</td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;36.3</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;31.5</font></div>
</td>
</tr><tr>
<td valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Basic weighted average number of shares outstanding</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;476.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;461.4</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(in millions)</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Dilution of securities</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Stock options</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;4.3</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;5.6</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Debentures</font></div>
</td>
<td valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;5.9</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diluted weighted average number of shares outstanding</font></div>
</td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;480.5</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;472.9</font></div>
</td>
</tr><tr>
<td valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Net earnings per share</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Basic</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.08</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.07</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Diluted</font></div>
</td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.08</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.07</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table lists the equity securities excluded from the computation of diluted earnings per share. The securities were excluded as the exercise prices relating to the particular security exceed the average market price of the Company&#8217;s common shares of C$9.88 for the three months ended March 31, 2013 (2012 &#8211; C$10.81), or the inclusion of the equity securities had an anti-dilutive effect on net earnings.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="left" valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(000s)</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(000s)</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="right" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Stock options</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;3,453</font></div>
</td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,912</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="53%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Warrants</font></div>
</td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;27,850</font></div>
</td>
<td align="left" valign="middle" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;56,981</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">16</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>

<div>&#160;</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">12. &#8194;INCOME AND MINING TAXES</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The composition of income tax expense between current tax and deferred tax for the three months ended March 31.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="left" valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="right" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td valign="middle" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Current tax</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Canada income tax</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.1</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.3)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Foreign income and mining tax</font></div>
</td>
<td valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;10.3</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;22.6</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;10.4</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;22.3</font></div>
</td>
</tr><tr>
<td valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Deferred tax</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Canada income tax and mining tax</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;2.6</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.4)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Foreign income and mining tax</font></div>
</td>
<td valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(0.6)</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(3.6)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;2.0</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(4.0)</font></div>
</td>
</tr><tr>
<td valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Income tax expense</font></div>
</td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;12.4</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;18.3</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Income tax expense differs from the amount that would result from applying the Canadian federal and provincial income tax rates to earnings before taxes. The differences result from the following items for the three months ended March 31.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="left" valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="right" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td valign="middle" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Earnings before taxes</font></div>
</td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;48.7</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;51.8</font></div>
</td>
</tr><tr>
<td valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Canadian federal and provincial income tax rates</font></div>
</td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">25.1%</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">25.0%</font></div>
</td>
</tr><tr>
<td valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Income tax expense based on above rates</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;12.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;13.0</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Increase (decrease) due to:</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Non-taxable income</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(5.9)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(2.3)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Non-deductible expenditures</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.9</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.2)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Different statutory tax rates on earnings of foreign subsidiaries</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;3.5</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.1</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">BC mining tax</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.8</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Withholding tax on repatriation</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.1</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.1</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other</font></div>
</td>
<td valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.8</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.6</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;12.4</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;18.3</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">17</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">13.&#8194;RECLAMATION AND CLOSURE COST OBLIGATIONS</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Changes to the reclamation and closure cost obligations are as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom" width="37%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mesquite</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cerro San</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Peak Gold</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">New Afton</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Blackwater</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="bottom" width="37%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mine</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pedro Mine</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mines</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mine</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Project</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total</font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="37%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr>
<td valign="bottom" width="37%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="37%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Balance, December 31, 2011</font></div>
</td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;10.5</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;16.8</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;17.6</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;9.8</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.3</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;55.0</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="37%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Reclamation expenditures</font></div>
</td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(7.7)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.3)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(8.0)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="37%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Unwinding of discount</font></div>
</td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.3</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.6</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.3</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="37%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Revisions to expected cash flows</font></div>
</td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;8.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.3</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4.6</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;8.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;22.1</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="37%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Foreign exchange movement</font></div>
</td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.3</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.2)</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.3</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.4</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="37%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Balance, December 31, 2012</font></div>
</td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;11.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;18.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;22.6</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;10.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;8.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;71.8</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="37%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Less: current portion of closure costs</font></div>
</td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.3</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="37%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Non current portion of closure costs</font></div>
</td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;10.7</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;18.5</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;21.4</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;9.2</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;8.7</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;68.5</font></div>
</td>
</tr><tr>
<td valign="bottom" width="37%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="37%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Balance, December 31, 2012</font></div>
</td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;11.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;18.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;22.6</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;10.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;8.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;71.8</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="37%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Reclamation expenditures</font></div>
</td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.4)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(0.4)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="37%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Unwinding of discount</font></div>
</td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.1</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.1</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.1</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.1</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.6</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="37%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Revisions to expected cash flows</font></div>
</td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.5)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.4)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(1.2)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.1)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.2)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(2.4)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="37%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Foreign exchange movement</font></div>
</td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.9</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.1</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.2)</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.2)</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.6</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="37%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Balance, March 31, 2013</font></div>
</td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;11.0</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;19.3</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;21.7</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;9.8</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;8.4</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;70.2</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="37%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Less: current portion</font></div>
</td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.2</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.2</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.2</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.6</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;3.2</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="37%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Non current portion of closure costs</font></div>
</td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;9.8</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;19.1</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;20.5</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;9.2</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;8.4</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;67.0</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The current portion of the reclamation and closure cost obligations has been included in Trade and other payables.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">14. &#8194;SUPPLEMENTAL CASH FLOW INFORMATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Supplemental cash flow information for the three months ended March 31.</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="left" valign="bottom" width="54%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="right" valign="bottom" width="54%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td valign="middle" width="54%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="54%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Operating activities:</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="54%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change in non-cash operating working capital</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="54%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Trade and other receivables</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1.4</font></div>
</td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.0</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="54%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Inventories</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(6.7)</font></div>
</td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(11.0)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="54%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Prepaid expenses and other</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1.3</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(8.3)</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="54%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Trade and other payables</font></div>
</td>
<td valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(8.9)</font></div>
</td>
<td valign="middle" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.0</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="54%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(12.9)</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(16.3)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">18</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">15.&#8194;SEGMENTED INFORMATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(a)&#8194;Segment revenues and results</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company manages its reportable operating segments by operating mines, development projects and exploration projects. The results from operations for these reportable operating segments are summarized for the three months ended March 31.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="left" valign="bottom" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
</tr><tr>
<td valign="bottom" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mesquite</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cerro San</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Peak Gold</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">New Afton</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="bottom" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mine</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pedro Mine</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mines</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mine</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Corporate</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total</font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="29%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr>
<td valign="bottom" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Revenues<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;30.9</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;53.5</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;54.0</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;63.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;201.8</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Operating expenses</font></div>
</td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;22.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;24.3</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;32.8</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;26.6</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;106.1</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="29%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Depreciation and depletion</font></div>
</td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;5.4</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;6.6</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;7.5</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;18.4</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;37.9</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="bottom" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Earnings from mine operations</font></div>
</td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.1</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;22.6</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;13.7</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;18.4</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;57.8</font></div>
</td>
</tr><tr>
<td valign="bottom" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Corporate administration</font></div>
</td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;7.3</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;7.3</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Share-based payment expenses</font></div>
</td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.5</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.5</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="29%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exploration and business development</font></div>
</td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.7</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.9</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.1</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.3</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4.0</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="bottom" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Income from operations</font></div>
</td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.1</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;22.6</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;12.0</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;16.5</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(9.9)</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.3)</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;44.0</font></div>
</td>
</tr><tr>
<td valign="bottom" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Finance income</font></div>
</td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.1</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.3</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.4</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Finance costs</font></div>
</td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.1)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.2)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.2)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(10.2)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.8)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(11.5)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="29%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other (losses) gains</font></div>
</td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(1.2)</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.1</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(1.0)</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;16.8</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(2.3)</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.4</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;15.8</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="bottom" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Earnings (loss) before taxes</font></div>
</td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.8</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;23.7</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;10.8</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;33.2</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(22.1)</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.3</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;48.7</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="29%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Income tax (expense) recovery</font></div>
</td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.3)</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(6.4)</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(3.3)</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(5.6)</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.8</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.4</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(12.4)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="29%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Net earnings (loss)</font></div>
</td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.5</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;17.3</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;7.5</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;27.6</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(19.3)</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.7</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;36.3</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">1.</font></font> Other includes balances relating to the exploration properties that have no revenues or operating costs.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">2.</font></font> Segmented revenue reported above represents revenue generated from external customers. There were no inter-segment sales in the period.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="left" valign="bottom" width="28%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td valign="bottom" width="28%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mesquite</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cerro San</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Peak Gold</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">New Afton</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="bottom" width="28%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mine</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pedro Mine</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mines</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mine</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Corporate</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total</font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="28%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr>
<td valign="bottom" width="28%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="28%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Revenues<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;62.0</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;69.9</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;36.9</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;168.8</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="28%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Operating expenses</font></div>
</td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;27.1</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;22.5</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;22.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;72.3</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="28%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Depreciation and depletion</font></div>
</td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;7.4</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;7.4</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4.0</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;18.8</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="28%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="bottom" width="28%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Earnings from mine operations</font></div>
</td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;27.5</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;40.0</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;10.2</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;77.7</font></div>
</td>
</tr><tr>
<td valign="bottom" width="28%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="28%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Corporate administration</font></div>
</td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;6.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;6.7</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="28%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Share-based payment expenses</font></div>
</td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.4</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="28%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exploration and business development</font></div>
</td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.6</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.9</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.3</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.8</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="28%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="bottom" width="28%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Income from operations</font></div>
</td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;27.5</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;38.4</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;9.3</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(9.1)</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.3)</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;65.8</font></div>
</td>
</tr><tr>
<td valign="bottom" width="28%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="28%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Finance income</font></div>
</td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.2</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="28%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Finance costs</font></div>
</td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.1)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.1)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.3)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(1.2)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.4)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(2.1)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="28%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other (losses) gains</font></div>
</td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.5)</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.3)</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.1)</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(1.2)</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(10.5)</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.5</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(12.1)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="28%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr><tr>
<td align="left" valign="bottom" width="28%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Earnings (loss) before taxes</font></div>
</td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;26.9</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;38.0</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;9.1</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(1.2)</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(20.8)</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.2)</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;51.8</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="28%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Income tax (expense) recovery</font></div>
</td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(6.6)</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(9.9)</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(2.2)</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(1.8)</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.3</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.1)</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(18.3)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="28%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Net earnings (loss)</font></div>
</td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;20.3</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;28.1</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;6.9</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(3.0)</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(18.5)</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.3)</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;33.5</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">1.</font></font> Other includes balances relating to the exploration properties that have no revenues or operating costs.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">2.</font></font> Segmented revenue reported above represents revenue generated from external customers. There were no inter-segment sales in the period.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">19</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(b) &#8194;Segment assets and liabilities</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following tables present the segmented assets and liabilities:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="left" valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 31, 2013</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="bottom" width="8%" style="TEXT-ALIGN: right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">December 31, 2012</font></td>
</tr><tr>
<td valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total</font></div>
</td>
</tr><tr>
<td valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">assets</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">liabilities</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">assets</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">liabilities</font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="35%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr>
<td valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mesquite Mine</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;474.2</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;225.8</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;471.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;238.2</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cerro San Pedro Mine</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;427.0</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;213.0</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;415.5</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;150.1</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Peak Gold Mines</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;329.0</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;99.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;324.9</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;89.3</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">New Afton Mine</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1,184.5</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;22.8</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,181.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;76.0</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">El Morro Project</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;428.6</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;142.8</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;423.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;136.6</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Blackwater Project</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;824.7</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;20.6</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;804.8</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;34.0</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="35%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;634.2</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;847.4</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;662.2</font></div>
</td>
<td valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;883.0</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="35%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;4,302.2</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1,572.1</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4,283.7</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,607.2</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">1.</font></font> Other includes corporate balances and exploration properties.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company accounts for its investment in the El Morro project using equity method accounting. Under the equity method, the investment is initially recognized at cost, and the carrying amount is increased or decreased to recognize the Company&#8217;s share of the profit or loss after the date of acquisition. The amount recorded in net earnings for the three months ended March 31, 2013 related to the El Morro project is $nil (2012 &#8211; $nil).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">16. FAIR VALUE MEASUREMENT</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In assessing the fair value of a particular contract, the market participant would consider the credit risk of the counterparty to the contract. Consequently, when it is appropriate to do so, the Company adjusts the valuation models to incorporate a measure of credit risk. Fair value represents management's estimates of the current market value at a given point in time.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company&#8217;s financial assets and liabilities are classified and measured as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="left" valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 31, 2013</font></div>
</td>
</tr><tr bgcolor="#000000">
<td align="left" valign="bottom" width="35%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr>
<td valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Loans and</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Designated</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Financial</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">receivables</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">as Fair value</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Available</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">liabilities at</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">at amortized</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">through</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">for sale at</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">amortized</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="35%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">cost</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">profit/loss</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">fair value</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">cost</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total</font></div>
</td>
</tr><tr>
<td valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Financial assets</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cash and cash equivalents</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;672.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;672.4</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Trade and other receivables</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;21.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;21.2</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Copper swap contracts</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;2.2</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Investments</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.7</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Financial liabilities</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Trade and interest payable</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;53.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;53.7</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Long-term debt</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;854.3</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;854.3</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gold contracts</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;88.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;88.4</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Warrants</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;56.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;56.2</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="35%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Share award units</font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;5.3</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;5.3</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">20</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="left" valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="9%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="bottom" width="8%" style="TEXT-ALIGN: right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">December 31, 2012</font></td>
</tr><tr bgcolor="#000000">
<td align="left" valign="bottom" width="35%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="10%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr>
<td valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Loans and</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Designated</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Financial</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">receivables</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">as Fair value</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Available</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">liabilities at</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">at amortized</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">through</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">for sale at</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">amortized</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="right" valign="bottom" width="35%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">cost</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">profit/loss</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">fair value</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">cost</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total</font></div>
</td>
</tr><tr>
<td valign="bottom" width="35%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Financial assets</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cash and cash equivalents</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;687.8</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;687.8</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Trade and other receivables</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;46.9</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%" style="TEXT-ALIGN: right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;46.9</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Investments</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.0</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1.0</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Financial liabilities</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Trade and interest payables</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;42.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;42.7</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Long-term debt</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;847.8</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;847.8</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gold contracts</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;110.5</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;110.5</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Copper swap contracts</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.9</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.9</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="35%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Warrants</font></div>
</td>
<td valign="bottom" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;80.3</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;80.3</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="35%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Share award units</font></div>
</td>
<td align="left" valign="bottom" width="10%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4.0</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;4.0</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The carrying values and fair values of the Company&#8217;s financial instruments are as follows.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="left" valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr bgcolor="#000000">
<td align="left" valign="bottom" width="53%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr>
<td valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Carrying</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Fair</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Carrying</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Fair</font></div>
</td>
</tr><tr>
<td align="right" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Value</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Value</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Value</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Value</font></div>
</td>
</tr><tr>
<td valign="middle" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Financial assets</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cash and cash equivalents</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;672.4</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;672.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;687.8</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;687.8</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Trade and other receivables</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;21.2</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;21.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;46.9</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;46.9</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Investments</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.7</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.0</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.0</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Copper swap contracts</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.2</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.9)</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.9)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Financial liabilities</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Trade and interest payables</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;53.7</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;53.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;42.7</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;42.7</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Long-term debt</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;854.3</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;917.6</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;847.8</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;902.9</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gold contracts</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;88.4</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;88.4</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;110.5</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;110.5</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Warrants</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;56.2</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;56.2</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;80.3</font></div>
</td>
<td valign="bottom" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;80.3</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Share award units</font></div>
</td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;5.3</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;5.3</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4.0</font></div>
</td>
<td align="left" valign="bottom" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4.0</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company has not offset financial assets with financial liabilities.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company has certain financial assets and liabilities that are held at fair value. The investments and the gold contracts are presented at fair value at each reporting date using appropriate valuation methodology.&#160;&#160;The fair value hierarchy establishes three levels to classify the inputs to valuation techniques used to measure fair value. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices in markets that are not active, quoted prices for similar assets or liabilities in active markets, inputs other than quoted prices that are observable for the asset or liability (for example, interest rate and yield curves observable at commonly quoted intervals, forward pricing curves used to value currency and commodity contracts), or inputs that are derived principally from or corroborated by observable market data or other means. Level 3 inputs are unobservable (supported by little or no market activity). The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table summarizes information about financial assets and liabilities measured at fair value on a recurring basis in the statement of financial position and categorized by level of significance of the inputs used in making the measurements:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="left" valign="bottom" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 31, 2013</font></div>
</td>
</tr><tr bgcolor="#000000">
<td align="left" valign="bottom" width="53%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="3%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="left" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td align="right" valign="bottom" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Asset (Liability)</font></div>
</td>
<td align="right" valign="bottom" width="3%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Level 1</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Level 2</font></div>
</td>
<td align="right" valign="bottom" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Level 3</font></div>
</td>
</tr><tr>
<td valign="middle" width="53%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Investments</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.7</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%" bgcolor="#f2f2f2" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td align="left" valign="middle" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%" bgcolor="#f2f2f2" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Warrants</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(56.2)</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" bgcolor="#f2f2f2" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" bgcolor="#f2f2f2" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Share award units</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(5.3)</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" bgcolor="#f2f2f2" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" bgcolor="#f2f2f2" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Copper swap contracts</font></div>
</td>
<td valign="bottom" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" bgcolor="#f2f2f2" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;2.2</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" bgcolor="#f2f2f2" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="53%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gold contracts</font></div>
</td>
<td align="left" valign="bottom" width="3%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="8%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(88.4)</font></div>
</td>
<td align="left" valign="bottom" width="2%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">21</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td valign="top" width="57%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="9%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="9%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="top" width="9%" style="TEXT-ALIGN: right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">December 31, 2012</font></td>
</tr><tr bgcolor="#000000">
<td valign="top" width="57%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="9%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td valign="top" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
<td valign="top" width="2%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="57%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Asset (Liability)</font></div>
</td>
<td valign="top" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Level 1</font></div>
</td>
<td valign="top" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Level 2</font></div>
</td>
<td valign="top" width="2%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Level 3</font></div>
</td>
</tr><tr>
<td valign="top" width="57%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="57%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Investments</font></div>
</td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1.0</font></div>
</td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</font></div>
</td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="57%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Warrants</font></div>
</td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(80.3)</font></div>
</td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</font></div>
</td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="57%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Share award units</font></div>
</td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(4.0)</font></div>
</td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</font></div>
</td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="57%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Copper swap contracts</font></div>
</td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</font></div>
</td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(0.9)</font></div>
</td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="57%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gold contracts</font></div>
</td>
<td valign="top" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</font></div>
</td>
<td valign="top" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(110.5)</font></div>
</td>
<td valign="top" width="2%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="9%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</font></div>
</td>
</tr></table>
</div>

<br>
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">There were no transfers between Level 1, 2 and 3 as at March 31, 2013. The Company&#8217;s policy is to recognize transfers into and transfers out of fair value hierarchy levels as of the date of the event or change in circumstances that caused the transfer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Valuation methodologies for Level 2 financial assets and liabilities</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Gold contracts</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company&#8217;s current derivative liabilities include commodity forward contracts for a portion of the Company&#8217;s gold sales. The fair value of the forward contracts is calculated using discounted contractual cash flows based on quoted forward curves and discount rates incorporating LIBOR and the Company&#8217;s appropriate interest rate spread.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Copper swap contracts</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The fair value of the copper swaps is calculated using the mark-to-market forward prices of London Metal Exchange copper based on the applicable settlement dates of the outstanding swap contracts and the Company&#8217;s appropriate interest rate spread. &#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">17.&#8194;COMMITMENTS AND CONTINGENCIES</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In assessing the loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company and its legal counsel evaluate the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought. If the assessment of a contingency suggests that a loss is probable, and the amount can easily be estimated, then a loss is recorded. When a contingent loss is not probable but is reasonably possible, or is probable but the amount of the loss cannot be reliably estimated, then details of the contingent loss are disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the Company discloses the nature of the guarantees. Legal fees incurred in connection with pending legal proceedings are expensed as incurred. If the Company is unable to resolve these disputes favourably, it may have a material adverse impact on our financial condition, cash flow and results of operations.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(a) </font>The Company has entered into a number of contractual commitments related to equipment orders to purchase long lead items or critical pieces of mining equipment.&#160;&#160;At March 31, 2013, these commitments totalled $42.5 million (December 31, 2012 &#8211; $87.4 million), all of which are expected to fall due over the next 12 months.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(b) </font>The Chilean Environmental Permitting Authority ("Servicio de Evaluaci&#243;n Ambiental" or "SEA") approved the El Morro Project&#8217;s environmental permit in March 2011. A constitutional action was filed against the SEA in May 2011 by the Comunidad Agricola Los Huasco Altinos (&#8220;CAHA&#8221;) seeking annulment of the environmental permit. Sociedad Contractual Mineral El Morro (&#8220;El Morro&#8221;), the Chilean company jointly held by the Company and Goldcorp and which owns and operates the El Morro Project, participated in the legal proceedings as an interested party and beneficiary of the environmental permit. In February 2012, the Court of Appeals of Antofagasta ruled against approval of the environmental permit, for the primary reason that the SEA had not adequately consulted or compensated the indigenous people that form the CAHA. SEA and El Morro appealed the ruling; however, the ruling was confirmed by the Supreme Court of Chile on April 27, 2012. Based on the Supreme Court&#8217;s announcement, El Morro immediately suspended all project field work being executed under the terms of the environmental permit. On June 22, 2012, SEA initiated the administrative process to address the deficiencies identified by the Chilean Court. It is anticipated the consultation process could be completed by late 2013. During the period of temporary suspension, Goldcorp&#8217;s focus is on supporting the advancement of the consultation process, evaluating potential future exploration targets and optimizing project economics including sourcing a long-term power supply.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">(c) </font>In March 2011, the municipality of Cerro de San Pedro approved a new municipal land use plan, after public consultation, which clearly designates the area of the Cerro San Pedro Mine for mining. New Gold believes this plan resolves any ambiguity regarding the land use in the area in which Cerro San Pedro is located, and which has had a history of ongoing legal challenges related to the environmental authorization (&#8220;EIS&#8221;) for the Mine. In April 2011, a request was filed for a new EIS based on the new Municipal Plan and on August 5, 2011 a new EIS was granted.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block"><br>
22</div>
</div>

<div>&#160;</div>

<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
<hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.5
<SEQUENCE>20
<FILENAME>a13-14720_1ex4d5.htm
<DESCRIPTION>EX-4.5
<TEXT>
<html>
<head>

    <!--Licensed to: New Gold Inc.-->
    <!--Document Created using EDGARizer 2020 5.4.4.0-->
    <!--Copyright 1995 - 2013 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
<hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
</div>

<div style="TEXT-ALIGN: right">Exhibit 4.5</div>

<div>&#160;</div>

<div><img src="q1-2013mdacover.jpg" alt=""></div>

<div>&#160;</div>

<div>&#160;</div>

<div>&#160;</div>

<div><br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>&#160;</div>

<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">Management&#8217;s Discussion and Analysis</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">For the three months ended March 31, 2013</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">New Gold Inc.</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">TABLE OF CONTENTS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1</font></div>
</td>
<td colspan="3" valign="top" width="93%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">EXECUTIVE SUMMARY</font></div>
</td>
</tr><tr>
<td valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2</font></div>
</td>
<td colspan="3" valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">FINANCIAL AND OPERATING HIGHLIGHTS</font></div>
</td>
</tr><tr>
<td valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3</font></div>
</td>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="86%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Financial highlights</font></div>
</td>
</tr><tr>
<td valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4</font></div>
</td>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="86%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Operating highlights</font></div>
</td>
</tr><tr>
<td valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5</font></div>
</td>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="86%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Development and exploration highlights</font></div>
</td>
</tr><tr>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="86%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Corporate developments</font></div>
</td>
</tr><tr>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5</font></div>
</td>
<td colspan="3" valign="top" width="93%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">OUTLOOK FOR 2013</font></div>
</td>
</tr><tr>
<td valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6</font></div>
</td>
<td colspan="3" valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">KEY PERFORMANCE DRIVERS AND ECONOMIC OUTLOOK</font></div>
</td>
</tr><tr>
<td valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6</font></div>
</td>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="86%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Key performance drivers</font></div>
</td>
</tr><tr>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="86%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Economic outlook</font></div>
</td>
</tr><tr>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8</font></div>
</td>
<td colspan="3" valign="top" width="93%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">CORPORATE SOCIAL RESPONSIBILITY</font></div>
</td>
</tr><tr>
<td valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9</font></div>
</td>
<td colspan="3" valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">FINANCIAL AND OPERATING RESULTS</font></div>
</td>
</tr><tr>
<td valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9</font></div>
</td>
<td colspan="3" valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Summary of quarterly and year to date financial and operating results</font></div>
</td>
</tr><tr>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12</font></div>
</td>
<td colspan="3" valign="top" width="93%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Review of operating mines</font></div>
</td>
</tr><tr>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">17</font></div>
</td>
<td colspan="3" valign="top" width="93%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">DEVELOPMENT AND EXPLORATION REVIEW</font></div>
</td>
</tr><tr>
<td valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">20</font></div>
</td>
<td colspan="3" valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">FINANCIAL CONDITION REVIEW</font></div>
</td>
</tr><tr>
<td valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">20</font></div>
</td>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="86%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Balance sheet review</font></div>
</td>
</tr><tr>
<td valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">22</font></div>
</td>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="86%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Liquidity and cash flow</font></div>
</td>
</tr><tr>
<td valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">22</font></div>
</td>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="86%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Commitments</font></div>
</td>
</tr><tr>
<td valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">22</font></div>
</td>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="86%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Contingencies</font></div>
</td>
</tr><tr>
<td valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">23</font></div>
</td>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="86%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Contractual obligations</font></div>
</td>
</tr><tr>
<td valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">23</font></div>
</td>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="86%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Related party transactions</font></div>
</td>
</tr><tr>
<td valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">23</font></div>
</td>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="86%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Off-balance sheet arrangements</font></div>
</td>
</tr><tr>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">23</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="29%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Outstanding shares</font></div>
</td>
<td valign="top" width="57%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">23</font></div>
</td>
<td colspan="3" valign="top" width="93%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">NON-GAAP FINANCIAL PERFORMANCE MEASURES</font></div>
</td>
</tr><tr>
<td valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">26</font></div>
</td>
<td colspan="3" valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">ENTERPRISE RISK MANAGEMENT</font></div>
</td>
</tr><tr>
<td valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">26</font></div>
</td>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">General risks</font></div>
</td>
<td valign="top" width="57%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">26</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="86%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Financial risk management</font></div>
</td>
</tr><tr>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">30</font></div>
</td>
<td colspan="3" valign="top" width="93%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">CRITICAL ACCOUNTING POLICIES, ESTIMATES AND ACCOUNTING CHANGES</font></div>
</td>
</tr><tr>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">34</font></div>
</td>
<td colspan="3" valign="top" width="93%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">CONTROLS AND PROCEDURES</font></div>
</td>
</tr><tr>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">35</font></div>
</td>
<td colspan="3" valign="top" width="93%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">CAUTIONARY NOTES</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 18pt; FONT-WEIGHT: bold">Management&#8217;s Discussion and Analysis</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the three months ended March 31, 2013</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following Management&#8217;s Discussion and Analysis (&#8220;MD&amp;A&#8221;) provides information that management believes is relevant to an assessment and understanding of the consolidated financial condition and results of operations of New Gold Inc. and its subsidiaries (&#8220;New Gold&#8221; or the &#8220;Company&#8221;), including its predecessor entities. This MD&amp;A should be read in conjunction with New Gold&#8217;s unaudited condensed consolidated financial statements for the three months ended March 31, 2013 and 2012 and related notes which are prepared in accordance with International Financial Reporting Standards (&#8220;IFRS&#8221;) as issued by the International Accounting Standards Board (&#8220;IASB&#8221;). This MD&amp;A contains forward-looking statements that are subject to risk factors set out in a cautionary note contained in this MD&amp;A. The reader is cautioned not to place undue reliance on forward-looking statements. All figures are in <font style="DISPLAY: inline; FONT-WEIGHT: bold">United States dollars</font> and tabular amounts are in millions, unless otherwise noted. This MD&amp;A has been prepared as at May 1, 2013. Additional information relating to the Company, including the Company&#8217;s Annual Information Form, is available on SEDAR at www.sedar.com.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">EXECUTIVE SUMMARY</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold is an intermediate gold producer with operating mines in Canada, Mexico, the United States and Australia and development projects in Canada and Chile. With a strong liquidity position, simplified balance sheet and an experienced management and board of directors, the Company has a solid platform to continue to execute its growth strategy. During the first quarter of 2013, the New Afton Mine in Canada (&#8220;New Afton&#8221;), the Cerro San Pedro Mine in Mexico (&#8220;Cerro San Pedro&#8221;), the Mesquite Mine in the United States (&#8220;Mesquite&#8221;) and the Peak Mines in Australia (&#8220;Peak Mines&#8221;) combined to produce 94,695 ounces of gold.</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold&#8217;s production costs remain very competitive when compared to the broader gold mining industry and provide the Company with strong margins. In the first quarter of 2013, New Gold achieved total cash costs<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font> of&#160;&#160;$485 per ounce of gold sold and an average realized gold price<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font> of $1,494 per ounce, resulting in a margin<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font> per ounce of $1,009<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>. This compares to a margin per ounce of&#160;&#160;$1,032<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>in the first quarter of 2012. New Gold has been able to maintain its costs well below the industry average as the Company also produces silver and copper as by-product metals, which have historically moved in line with, and acted as an offset to, some of the input cost pressures faced by the mining industry.&#160;&#160;Consistent with New Gold&#8217;s plan, operations are expected to have progressively stronger quarters throughout 2013 leading to increased gold production and operating cash flow, with steadily declining cash costs.&#160;&#160;New Gold remains in line to meet production and cash cost guidance for 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Subsequent to quarter-end, on April 4, 2013, New Gold announced a Mineral Resource update at its Blackwater Project.&#160;&#160;This Blackwater resource update, which will be used for the project&#8217;s Feasibility Study, has been updated to include 89 additional holes totaling 22,220 metres, including further infill drilling and more refined geologic and geostatistical modeling.&#160;&#160;Key highlights of the update are:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left">
<table cellpadding="0" cellspacing="0" width="94%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font></div>
</td>
<td valign="top" width="97%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Measured and Indicated<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font> gold resources for direct processing increased to 8.6 million ounces at 0.88 grams per tonne</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font></div>
</td>
<td valign="top" width="97%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Measured gold resources increased by 44% to 3.9 million ounces at 1.04 grams per tonne</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">During the quarter, a Mineral Resource update was also announced at New Afton as part of the year-end resource update which resulted in the New Afton mine life being extended by two years from 12 to 14 years. In addition, the C-Zone resource, which lies immediately down plunge of the block of mineralization currently being mined, has been updated at May 1, 2013, to incorporate the drilling that was completed through the end of February 2013. The C-Zone update reflects positive increases to the gold and copper resource at more favourable grades.&#160;&#160;The objective of the C-Zone exploration drilling is to add to the mine&#8217;s life while, at the same time, New Gold continues to evaluate opportunities to increase the throughput rate beyond the nameplate capacity of 11,000 tonnes per day.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold continues to build on its successful portfolio which now consists of four operating mines and two development projects, all located in jurisdictions that are considered favourable to mining activities.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: #804000" align="left" noshade size="1" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.</font></div>
</td>
<td valign="top" width="95%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">We use certain non-GAAP financial performance measures throughout our MD&amp;A. For a detailed description of each of the non-GAAP measures used in this MD&amp;A, please see the discussion under &#8220;Non-GAAP Financial Performance Measures&#8221; of this MD&amp;A.</font></div>
</td>
</tr><tr>
<td valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.</font></div>
</td>
<td valign="top" width="95%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Notes to Mineral Resources Estimates are on page 18 of this MD&amp;A.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">FINANCIAL AND OPERATING HIGHLIGHTS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="black">
<td valign="top" width="42%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" colspan="4" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Three months ended March 31</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" valign="middle" width="42%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(in millions of U.S. dollars, except where noted)</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Operating information:</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gold (ounces):</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Produced <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;94,695</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;99,274</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Sold <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;95,181</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;93,676</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Silver (ounces):</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Produced <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;358,905</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;456,584</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Sold <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;360,913</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;439,141</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Copper (thousands of pounds):</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Produced <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;15,998</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3,683</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Sold <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;15,867</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,780</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Average realized price <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font>:</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Gold ($/ounce)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,494</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,575</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Silver ($/ounce)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;29.51</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;32.70</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Copper ($/pound)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.44</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4.14</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total cash costs per gold ounce sold <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2) (3)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;485</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;543</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Average realized margin <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font> ($/ounce)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,009</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,032</font></div>
</td>
</tr><tr>
<td valign="top" width="42%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Financial Information</font>:</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Revenues</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;201.8</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;168.8</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Earnings from mine operations</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;57.8</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;77.7</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Net earnings</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;36.3</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;33.5</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Adjusted net earnings <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;20.6</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;44.2</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cash generated from operations</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;68.2</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;66.1</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Net cash generated from continuing operations</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;58.5</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;36.7</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Capital expenditures</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;76.4</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;110.1</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total assets</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4,302.2</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3,293.0</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cash and cash equivalents</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;672.4</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">235.7</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Long-term debt</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;854.3</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">262.3</font></div>
</td>
</tr><tr>
<td valign="top" width="42%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Share Data:</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Earnings per share from continuing operations:</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Basic</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.08</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.07</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Diluted</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.08</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.07</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Adjusted net earnings per basic share<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"> (1)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.04</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.10</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Share price as at March 31 (TSX &#8211; Canadian dollars)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.24</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.85</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Weighted average outstanding shares (basic) (millions)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;476</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;461</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.</font></div>
</td>
<td valign="top" width="82%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Production is shown on a total contained basis while sales are shown on a net payable basis, including final product inventory and smelter payable adjustments, where applicable.</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.</font></div>
</td>
<td valign="top" width="82%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">We use certain non-GAAP financial performance measures throughout our MD&amp;A. Total cash costs per gold ounce sold, average realized price, average realized margin, operating margin, adjusted net earnings, adjusted net earnings per share and cash generated from operations, excluding working capital changes and income taxes paid, are non-GAAP financial performance measures with no standard meaning under IFRS. For further information and a detailed reconciliation, please refer to the &#8220;Non-GAAP Financial Performance Measures&#8221; section of this MD&amp;A.</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.</font></div>
</td>
<td valign="top" width="82%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The calculation of total cash costs per gold ounce sold is net of by-product silver and copper revenues. If silver and copper revenues were treated as co-products, co-product total cash costs for the three months ended March 31, 2013 would be $793 per ounce of gold (2012 - $672), $16.45 per ounce of silver (2012 - $13.97); and $1.96 per pound of copper (2012 - $2.09).</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">FINANCIAL HIGHLIGHTS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><img src="p3keyfinancialdata.jpg" alt=""></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#8226;</font>&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Revenues were $201.8 million for the first quarter of 2013, an increase of 20% over $168.8 million in the prior year.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font>The increase was driven primarily by higher sales of gold and copper compared to the prior year, positively impacted by a full quarter of commercial production at New Afton. The benefit from increased sales volume was offset by a decrease in the average realized price of gold, silver and copper. The average realized price for gold in the first quarter of 2013 was $1,494 per ounce of gold compared to $1,575 per ounce in the prior year. The average realized price of copper and silver decreased from $4.14 per pound of copper and $32.70 per ounce of silver in 2012 to $3.44 per pound of copper and $29.51 per ounce of silver in 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#8226;</font>&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Net cash generated from operations in the first quarter of 2013 was $58.5 million, a 59% increase compared to $36.7 million in the prior year.&#160;&#160;</font>This increase was primarily driven by New Afton now being a meaningful contributor to the Company&#8217;s cash flow generation and lower income taxes paid than in the prior year period.&#160;&#160;In the first quarter of 2012, the New Gold made $7.1 million in income tax payments that related to 2011.&#160;&#160;There were no similar payments made in 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#8226;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Earnings from mine operations were</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">$57.8 million for the first quarter of 2013 compared to $77.7 million in the same prior year period.</font>&#160;&#160;The benefits of increased earnings from mine operations from New Afton and the Peak Mines were more than offset by decreases at Cerro San Pedro and Mesquite due to planned mining of lower grade ore at the Company&#8217;s two open pit operations.&#160;&#160;Additionally, non-cash depreciation and depletion expense increased to $37.9 million in the first quarter of 2013 from $18.8 million in the first quarter of 2012, reflecting the addition of the New Afton initial capital cost to the depreciable pools of assets.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#8226;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Net earnings from continuing operations for the first quarter of 2013 were $36.3 million or $0.08 per basic share, compared to $33.5 million or $0.07 per basic share in the same period in 2012.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt"> The increase is primarily due to the impact of non-operating &#8220;Other gains and losses&#8221;, where a gain of $15.8 million was recorded for the first quarter of 2013 relative to a loss of $12.1 million in 2012. The gain includes a non-cash gain on non-hedged derivatives of $22.6 million which related fully to the mark to market of the share purchase warrant liability. This benefit was offset by lower earnings from mine operations resulting from the planned mining of lower grade ore at Mesquite and Cerro San Pedro.</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#8226;&#160;&#160;&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-SIZE: 10pt; FONT-WEIGHT: bold">A</font><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">djusted net earnings for the</font><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold"> first quarter of 2013 </font><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">were $20.6 million or $0.04 per basic share, relative to $44.2 million or $0.10 per basic share in the prior year period.</font> In addition to the planned mining of lower grade ore, adjusted net earnings were impacted by a combination of a $19.1 million increase in non-cash depreciation and depletion expense as well as a $9.4 million increase in interest expense.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#8226;</font>&#160;&#160;&#160;<font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Cash and cash equivalents were</font><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold"> $672.4</font><font style="FONT-STYLE: italic; DISPLAY: inline">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">million </font><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">at</font> <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">March 31, 2013</font><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold"> compared to $687.8 </font><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">million at December 31, 2012.</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<hr style="COLOR: #804000" align="left" noshade size="1" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.</font></div>
</td>
<td valign="top" width="83%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">We use certain non-GAAP financial performance measures throughout our MD&amp;A. For a detailed description of each of the non-GAAP measures used in this MD&amp;A, please see the discussion under &#8220;Non-GAAP Financial Performance Measures&#8221; of this MD&amp;A.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OPERATING HIGHLIGHTS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><img src="p4operatinghighlights.jpg" alt=""><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#8226;</font>&#160;&#160;&#160;<font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Total cash costs per ounce sold for the first quarter of 2013, net of by-product sales, were $485 per ounce, a decrease of $58 per ounce compared to $543 per ounce in the same period in 2012.&#160;&#160;</font>The decrease in the Company&#8217;s cash costs was primarily driven by increased copper sales volumes which were partially offset by a combination of lower realized copper prices, lower silver sales volumes and realized prices as well as the scheduled mining of lower grade ore.&#160;&#160;New Gold&#8217;s total cash costs per ounce are expected to steadily decline throughout the remainder of 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">&#8226;&#160;&#160;&#160;Gold production for the first quarter of 2013 was 94,695 ounces, compared to 99,274 ounces in the same prior year period. </font>Production increases from New Afton now being part of New Gold&#8217;s operating portfolio and higher gold grades at the Peak Mines were offset by lower production at Cerro San Pedro and Mesquite due to planned mining of lower grade ore.&#160;&#160;Per the Company&#8217;s plan, gold grades and production are expected to increase during the remainder of the year.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8226;&#160;&#160;&#160;<font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Copper production for the first quarter of 2013 was</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#160;</font><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">16.0 million pounds, an increase of 332% compared to 3.7 million pounds in the same prior year period.</font>&#160;&#160;This increase was due to the addition of New Afton in the first quarter of 2013 and a 14% increase in copper production at Peak Mines, reflecting an increase in ore tonnes processed and copper recoveries.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8226;&#160;&#160;&#160;<font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Gold sales in the first quarter of 2013 were 95,181 ounces, up 2% from 93,676 ounces in the same period in 2012</font>. Though production levels were lower than in the prior year period, gold sales were benefitted through a reduction in inventory in 2013 relative to an increase in 2012. </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8226;&#160;&#160; <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">The a</font><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">verage realized margin for the first quarter of 2013 was $1,009 per ounce, consistent with $1,032 in the same prior year period.</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">DEVELOPMENT AND EXPLORATION HIGHLIGHTS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8226;&#160;&#160;&#160;<font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Subsequent to quarter-end, New Gold updated its mineral resource estimate for Blackwater which resulted in an increase in the Measured and Indicated gold Mineral Resource to 9.5 million ounces from 8.1 million ounces at the end of 2012.</font> The updated Mineral Resource includes 0.9 million gold ounces of lower grade Measured and Indicated Resources suitable for stockpiling and processing toward the end of the project&#8217;s currently envisioned mine life.&#160;&#160;The Mineral Resource estimate will be incorporated into the feasibility study currently in progress and scheduled for completion in late 2013. Notes to the Mineral Resource Estimates are on page 18 of this MD&amp;A.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8226;&#160;&#160;&#160;<font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">Subsequent to quarter-end, an update to the New Afton C-Zone mineral resource estimate reflects an over 300% increase in gold ounces and copper pounds at improved grade.</font> Measured and Indicated gold and copper Resources increased to 0.3 million ounces and 211 million pounds respectively.&#160;&#160;Measured and Indicated gold and copper grades increased to 0.77 grams per tonne gold and 0.77% copper from 0.62 grams per tonne and 0.68% copper. The Inferred gold and copper Resources increased by over 30% to 0.4 million ounces and 301 million pounds.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CORPORATE DEVELOPMENTS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company continues to pursue disciplined growth both through organic initiatives and potential mergers and acquisitions. The Company came together through two accretive business combinations in mid-2008 and mid-2009. Since the middle of 2009, New Gold has been successful in enhancing the value of its portfolio of assets, while also continuously looking for compelling external growth opportunities. The Company continues to evaluate assets in favourable jurisdictions and where the asset has the potential to provide New Gold shareholders with meaningful gold production, cash flow and exploration potential, while ensuring that any potential acquisition is accretive on key per share metrics. The Company strives to maintain a strong financial position by continually reviewing strategic alternatives with the view to maximizing shareholder value. In short, New Gold strives to pursue corporate development initiatives that will leave the Company and its shareholders in a fundamentally stronger position.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">OUTLOOK FOR 2013</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold is pleased to reiterate its guidance for 2013 which is scheduled to provide shareholders with increased gold production at lower cost when compared to 2012:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2013 PRODUCTION AND COST GUIDANCE</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="black">
<td align="left" valign="top" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Gold</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Silver</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Copper</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total cash costs</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(thousands of ounces)</font></div>
</td>
<td align="right" valign="top" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(millions of ounces)</font></div>
</td>
<td align="right" valign="top" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(millions of pounds)</font></div>
</td>
<td align="right" valign="top" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(per ounce)</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mesquite</font></div>
</td>
<td align="right" valign="top" width="17%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">130 - 140</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="17%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$830 - $850</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cerro San Pedro</font></div>
</td>
<td align="right" valign="top" width="17%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">140 - 150</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.4 - 1.6</font></div>
</td>
<td align="right" valign="top" width="17%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$375 - $395</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Peak Mines</font></div>
</td>
<td align="right" valign="top" width="17%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">95 - 105</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="17%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12 - 14</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$670 - $690</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">New Afton</font></div>
</td>
<td align="right" valign="top" width="17%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">75 - 85</font></div>
</td>
<td align="right" valign="top" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="17%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">66 - 74</font></div>
</td>
<td align="right" valign="top" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$(1,410) - $(1,390)</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="17%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total</font></div>
</td>
<td align="right" valign="top" width="17%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">440-480</font></div>
</td>
<td align="right" valign="top" width="17%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1.4 - 1.6</font></div>
</td>
<td align="right" valign="top" width="17%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">78 - 88</font></div>
</td>
<td align="right" valign="top" width="17%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">$265 - $285</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold&#8217;s copper and silver by-product revenue continues to provide an effective natural hedge against the various cost pressures being faced by the broader industry which allows the Company to deliver lower costs.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Assumptions used in the 2013 guidance include gold, silver and copper prices of $1,600 per ounce, $30.00 per ounce and $3.50 per pound and Canadian dollar, Australian dollar and Mexican peso exchange rates of $1.00, $1.00 and $13.00 to the U.S. dollar. The diesel price assumed for 2013 is $3.70 per gallon. Realized commodity prices and average foreign exchange rates were in line with these assumptions during the first quarter, however, prices of gold, silver and copper have declined below the assumed levels in recent weeks. Though the Company&#8217;s cash costs would be negatively impacted should copper and silver prices remain below the assumed prices, other cost-related factors, such as declining oil prices, lower explosive and cyanide costs as well as the depreciation of the Canadian dollar, would benefit costs.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">5</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">KEY PERFORMANCE DRIVERS AND ECONOMIC OUTLOOK</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><img src="p6goldprodvolumn.jpg" alt=""><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">KEY PERFORMANCE DRIVERS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">There are a range of key performance drivers that are critical to the successful implementation of New Gold&#8217;s strategy and the achievement of its goals. The key internal drivers are production volumes and costs. The key external drivers are spot prices of gold, silver and copper, as well as foreign exchange rates.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Production Volumes and Costs</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold has demonstrated a history of achieving guidance with respect to production volumes and costs. New Gold&#8217;s portfolio of operating mines achieved another solid production quarter, with 94,695 ounces of gold production in the first quarter of 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Total cash costs per ounce sold for the quarter, net of by-products sales, of $485 are below the industry average.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold&#8217;s outlook is to increase gold production in 2013 by approximately<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>12% and total cash costs per ounce sold are forecast to decrease by approximately $145 per ounce compared to the 2012 level at budgeted prices.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Commodity Prices</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><img src="p6commodityprices.jpg" alt=""></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Gold prices</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The price of gold is the largest single factor affecting New Gold&#8217;s profitability and operating cash flows. As such, the current and future financial performance of the Company will be closely related to the prevailing price of gold.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The gold price ended the quarter almost 5% lower than at the end of 2012. In April 2013 the gold price fell more significantly to a low of $1,322 per ounce on concerns that governments facing economic difficulties may consider selling part of their gold reserves, before recovering to some extent to above $1,400 per ounce as physical demand and renewed investor interest resulted in a rebound. In spite of the recent decline in prices, interest rates continue at historically low rates and are likely to remain so for the foreseeable future in the face of slow-moving economic recovery, and there are numerous political and economic risks on the horizon, all of which are traditionally positive factors for gold.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">During the first quarter of 2013, the London PM fix gold price averaged $1,630 per ounce compared to $1,689 per ounce during the first quarter of 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">6</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Copper and silver prices</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Copper declined during the quarter by approximately 5%, and then fell further during the first part of April as part of the commodity sell-off that also affected gold and silver. The copper London Metals Exchange price averaged $3.60 per pound during the quarter compared to $3.77 per pound during the first quarter of 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">During the first quarter of 2013, silver had an average London PM fix price of&#160;&#160;$30.08 per ounce,&#160;&#160;compared to the first quarter of 2012 during which silver averaged&#160;&#160;$32.62 per ounce..</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Foreign Exchange Rates</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company operates in Canada, Mexico, the United States, Australia and Chile. As a result, the Company has foreign currency exposure with respect to items not denominated in U.S. dollars.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold&#8217;s operating results and cash flows are influenced by changes in various exchange rates against the U.S. dollar. We have exposure to the Canadian dollar through New Afton and Blackwater, as well as through our corporate administration costs. We also have exposure to the Mexican peso through Cerro San Pedro, and to the Australian dollar through our Peak Mines operations.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Canadian dollar fell from slightly above parity at the end of 2012 to end the first quarter approximately 2.5% lower. A weaker Canadian dollar reduces costs in U.S. dollar terms at the Company&#8217;s Canadian operations.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Mexican peso increased in strength during the quarter compared with the U.S. dollar. A significant proportion of costs at Cerro San Pedro are incurred in U.S. dollars and, as such, the movement in the Mexican peso exchange rate was not a significant driver of U.S. dollar-denominated costs.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Australian dollar stayed above parity for the duration of the quarter, initially declining before regaining most of its strength before the end of the period.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
<img src="p7fx.jpg" alt=""></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For an analysis of the impact of foreign exchange fluctuations on operating costs in 2013 relative to 2012, refer to the &#8216;Review of Operating Mines&#8217; sections for New Afton, Cerro San Pedro and Peak Mines for details.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ECONOMIC OUTLOOK</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In early 2013 equity indices continued to do well for the most part, with the MSCI All-Country World Index climbing by almost 6% and the S&amp;P 500 Index reaching new highs and ending the quarter up by more than 10%. However the global recovery continued to be hampered by uncoordinated policy decisions and by unexpected economic events. Global focus shifted to Cyprus, responsible for approximately 0.2% of Eurozone GDP but sufficient to threaten the destabilization of the rest of the currency union as efforts were made to bail out the country&#8217;s overextended banking sector while balancing various creditor interests. Ultimately this led to a sell-off in gold early in the second quarter of 2013 as concerns grew that struggling governments would instruct their central banks to sell gold to generate funds.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">However, buying interest has emerged at these new lower gold price levels, and uncertainty, volatility and an ongoing ultra-low interest rate environment should provide positive encouragement for gold investors.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Economic events can have significant effects on the gold price, via currency rate fluctuations, the relative strength of the U.S. dollar, supply of and demand for gold and macroeconomic factors such as the level of interest rates and inflation expectations. Management anticipates that the long term economic environment should remain positive with respect to precious metals and for gold in particular, and believes the prospects for the business are favourable. The Company has not hedged foreign exchange rates and metal prices with the exception of the gold hedge mandated by Mesquite&#8217;s 2008 project financing. New Gold&#8217;s growth plan is focused on organic and acquisition-led growth, and the Company plans to remain flexible in the current environment to be able to respond to opportunities as they arise.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">7</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>

<br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">CORPORATE SOCIAL RESPONSIBILITY</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold is committed to excellence in corporate social responsibility. We consider our ability to make a lasting and positive contribution toward sustainable development through the protection of the health and well-being of our people and our host communities, environmental stewardship and community engagement and development, a key driver to achieving a productive and profitable business.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As a partner of the United Nations Global Compact, New Gold&#8217;s policies and practices are guided by its principles on Human Rights, Labour, Environment and Anti-corruption. As a member of the Mining Association of Canada (&#8220;MAC&#8221;), our Canadian operations adhere closely to the principles of MAC&#8217;s Towards Sustainable Mining program.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold&#8217;s corporate social responsibility objectives include promoting and protecting the welfare of our employees through safety-first work practices, upholding fair employment practices and encouraging a diverse workforce, where people are treated with respect and are supported to realize their full potential. At New Gold, we believe that our people are our most valued assets regardless of gender, race, cultural background, age or religion. We strive to create a culture of inclusiveness that begins at the top and which is reflected in our hiring, promotion and overall human resources practices. We encourage tolerance and acceptance in worker-to-worker relationships. In each of our host communities we are recognized as an employer of choice as a result of our competitive wages, competitive benefits and our policies of recognizing and rewarding employee performance and promoting from within.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We are committed to preserving the long-term health and viability of the natural environments affected by our operations. Wherever New Gold operates &#8211; in all stages of mining activity, from early exploration and planning, to commercial mining operations through to eventual closure &#8211; we are committed to excellence in environmental management. From the earliest site investigations, we carry out comprehensive environmental studies to establish baseline measurements for flora, fauna, land, air and water. During operations we promote the efficient use of resources, work to minimize environmental impacts and maintain robust monitoring programs, including groundwater and air quality. We implement progressive reclamation and re-vegetation activities throughout the life of our operations. After mining activities are complete, our objective is to restore the land to a level of productivity equivalent to its pre-mining capacity. We continually seek new strategies for enhancing our environmental performance including programs to improve energy efficiency, reduce our carbon footprint and minimize our use of water and other resources.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">We are committed to establishing relationships based on mutual benefit and active participation with our host communities to contribute to healthy communities and sustainable community development. Wherever our operations interact with indigenous peoples, we endeavor to understand and respect traditional values, customs and culture. We take meaningful action to serve their development needs and priorities through collaborative agreements aimed at creating jobs, training and lasting socio-economic benefits. We foster open communication with local residents and community leaders and strive to be a full partner in the long-term sustainability of the communities and regions in which we operate. We believe that only by thoroughly understanding the people, their histories, and their needs and plans, can we engage in a meaningful development process that will contribute to their cultural and economic health and welfare.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">8</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">FINANCIAL AND OPERATING RESULTS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><img src="p9summaryresults.jpg" alt=""></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Production</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold&#8217;s consolidated gold production during the first quarter of 2013 was 94,695 ounces compared to 99,274 ounces in 2012. Despite the contribution from New Afton, which was still in the development stage throughout the first half of 2012, and increased gold production at the Peak Mines, production increases were largely offset by the decreases at the Mesquite Mine and Cerro San Pedro.&#160;&#160;Peak Mine&#8217;s gold production increased 33% reflecting increases in ore grade and improved mill recoveries.&#160;&#160;At Cerro San Pedro and Mesquite, planned mine sequencing resulted in below reserve grade ore being placed on the leach pads which led to production being below that of the first quarter of 2012 when grades closer to reserve grade were mined. Per the Company&#8217;s plans, gold grades and production are scheduled to increase during the balance of the year. In addition, at Mesquite, the two haul trucks the Company had planned to add to the fleet are now in operation. These trucks should enable Mesquite to increase the mining rate and ore tonnes placed on the leach pad.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold&#8217;s consolidated copper production during the first quarter increased to 16.0 million pounds from 3.7 million pounds in the same period of the prior year. The increase was largely attributable to a full quarter of production from New Afton, though Peak Mines also increased copper production during the quarter. The increased production at Peak Mines was due to continued mill recovery improvements, which were partially offset by lower copper grades.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As expected, silver production at Cerro San Pedro decreased during the first quarter with 358,905 ounces in 2013 relative to 456,584 ounces in 2012, due primarily to planned mining of lower silver grades.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Revenues</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Revenues were $201.8 million for the first quarter of 2013, an increase of 20% compared to $168.8 million in the same period in 2012. The $33.0 million revenue increase is driven primarily by higher gold and copper sales volumes relative to the same prior year period.&#160;&#160;Gold sales in the first quarter of 2013 were 95,181 ounces, relative to 93,676 ounces in the first quarter of 2012, as inventory movements impacted the relative periods. Copper sales were 15.9 million pounds, relative to 1.8 million pounds in the same prior year period as New Afton was still in the development stage in the first quarter of 2012. Sales of silver decreased to 360,913 ounces from 439,141 ounces in the same prior year period, in line with production. These increases in sales volumes were partly offset by lower average realized prices across all metals.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Operating expenses</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Operating expenses increased from $72.3 million in the first quarter of 2012 to $106.1 million in 2013, impacted largely by New Afton&#8217;s full quarter of production.&#160;&#160;Gross operating costs for New Afton in the first quarter of 2013 were $26.6 million, for which there is no prior year comparative as New Afton was still in the development stage in the first half of 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Depreciation and depletion</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Depreciation and depletion for the first quarter of 2013 was $37.9 million compared to $18.8 million for the same prior year period, again primarily as a result of New Afton&#8217;s full quarter of commercial production. Depreciation and depletion for New Afton was $18.4 million, for which there is no prior year comparative as New Afton was still in the development stage in the first half of 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Earnings from mine operations</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the three months ended March 31, 2013, New Gold had earnings from mine operations of $57.8 million compared with $77.7 million in the same prior year period.&#160;&#160;The benefits of increased earnings from mine operations from New Afton and the Peak Mines were more than offset by decreases at Cerro San Pedro and Mesquite due to planned mining of lower grade ore.&#160;&#160;In addition, with New Afton now forming part of the Company&#8217;s depreciable asset base, the non-cash depreciation and depletion expense increased by $19.1 million when compared to the same period of the prior year.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Corporate administration costs</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Corporate administration costs were $7.3 million in the first quarter of 2013 compared to $6.7 million incurred in the same prior year period.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Share-based compensation costs</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Share-based compensation costs were $2.5 million and $2.4 million in the first quarter of 2013 and 2012, respectively.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exploration and business development</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Exploration costs were $4.0 million in the first quarter of 2013 compared with $2.8 million for the same prior year period.&#160;&#160;New Afton incurred $1.9 million in exploration expense for the quarter, compared to $nil in the prior period, as the C-Zone exploration program continued in the first quarter of 2013, with the objective of adding to the Mineral Resource immediately at the base of the current Reserve block and further delineating the C-Zone which lies immediately down plunge of the current New Afton Reserve.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Hedging</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the quarter ended March 31, 2013, Mesquite had realized losses of $10.8 million within revenues for settlement of gold hedge contracts during the quarter totalling 16,500 ounces. As a result of the decrease in the spot price of gold from $1,658 per ounce to $1,598 per ounce between December 31, 2012 and March 31, 2013, Mesquite recognized $9.1 million of pre-tax unrealized gains in the mark-to-market of remaining contracts within other comprehensive income.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Other gains and losses</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following other gains and losses are all added back for the purposes of adjusted net earnings:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Non-hedged derivatives</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the quarter ended March 31, 2013, the Company recorded a gain of $22.6 million relating to the share purchase warrants. This compares to a loss of $7.6 million in the same prior year quarter. As the share purchase warrants are denominated in Canadian dollars, but the Company&#8217;s functional currency is the U.S. dollar, it is a requirement under IFRS to account for them as a liability. The fair value of this liability is assessed at each reporting period. As the traded value of the New Gold share purchase warrants increases or decreases, a related loss or gain on the mark-to-market of the liability is reflected on the financial statements.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In the first quarter of 2012, the Company recorded a gain of $2.7 million relating to the equity conversion option of its previously held Debentures, as well as a loss of $3.7 million relating to the change in fair value of the early redemption option embedded in the Company's previously held Senior Secured Notes. As both the Debentures and Senior Secured Notes were redeemed in 2012, there is no figure for the first quarter of 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Foreign exchange</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company recognized a foreign exchange loss of $5.6 million for the quarter ended March 31, 2013 compared to a loss of $1.5 million in the same prior year quarter. Foreign exchange gains and losses arise due to the fact that the Company operates in Canada, Australia, Mexico, Chile and the United States and, as a result, has foreign currency exposure with respect to items not denominated in U.S. dollars.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Ineffectiveness of hedge instruments</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the quarter ended March 31, 2013, a loss of $0.5<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#160;</font>million was recorded reflecting the ineffective portion of the gold hedge. This compares to a loss of $0.2 million for the same prior year period.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Income tax</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Income and mining tax expense in the first quarter of 2013 was $12.4 million compared to $18.3 million in the same prior year period, reflecting an effective tax rate of 25% for the first quarter of 2013 compared to 35% in 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On an adjusted net earnings basis, the adjusted effective tax rate in the first quarter of 2013 was 37% compared to 31% in the same prior year period.&#160;&#160;The adjusted effective tax rates exclude the impact of changes in the recognition of deferred tax assets, specifically fair value changes in share purchase warrants and convertible debentures, as well as the impact of adjustments to uncertain tax positions. The adjusted effective tax rate has increased compared to the same prior year period due to the geographic mix as a higher proportion of profits earned in the first quarter of 2013 are in higher tax jurisdictions. The profit mix will change as the year progresses and the annual adjusted effective tax rate is expected to be lower than the first quarter rate.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">10</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Net earnings from continuing operations</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the quarter ended March 31, 2013, New Gold had net earnings from continuing operations of $36.3 million, or $0.08 per basic share. This compares with net earnings from continuing operations of $33.5 million, or $0.07 per basic share in the same prior year period.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Adjusted net earnings </font>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: normal">For the three months ended March 31, 2013, adjusted net earnings from continuing operations were $20.6 million or $0.04 per basic share, a decrease from $44.2 million or $0.10 per basic share in the prior year period.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><img src="p11adjnetearn.jpg" alt=""></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Net earnings have been adjusted, including the associated tax impact, for the group of costs in &#8220;Other gains and losses&#8221; on the condensed consolidated income statement.<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#160;</font> Key entries in this grouping are the fair value changes for share purchase warrants and convertible debt. Additionally, foreign exchange gain or loss and other non-recurring items are adjusted. Adjusting for these items provides an additional measure to evaluate the underlying operating performance of the Company as a whole for the reporting periods presented. The prior period tax is also adjusted for the foreign exchange impact of deferred tax on non-monetary assets.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">See &#8220;Non-GAAP Financial Performance Measures&#8221; for reconciliation of net earnings to adjusted net earnings.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Quarterly financial and operating information</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Selected financial and operating information for the current and previous quarters is as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">QUARTERLY FINANCIAL AND OPERATING INFORMATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#b3995d">
<td align="left" rowspan="2" valign="middle" width="34%" style="BORDER-BOTTOM: black 2px solid; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(in millions of U.S. dollars, except per share amounts and where noted)</font></div>
</td>
<td valign="top" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr bgcolor="#b3995d">
<td align="right" valign="top" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Q1 2013</font></div>
</td>
<td align="right" valign="top" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Q4 2012</font></div>
</td>
<td align="right" valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Q3 2012</font></div>
</td>
<td align="right" valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Q2 2012</font></div>
</td>
<td align="right" valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Q1 2012</font></div>
</td>
<td align="right" valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Q4 2011</font></div>
</td>
<td align="right" valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Q3 2011</font></div>
</td>
<td align="right" valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Q2 2011</font></div>
</td>
<td align="right" valign="top" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Q1 2011</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gold sales (ounces)</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;95,181</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;109,766</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;95,166</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;96,928</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;93,676</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;99,612</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;93,028</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;95,039</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;104,211</font></div>
</td>
</tr><tr>
<td valign="top" width="34%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Revenues</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;201.8</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;250.9</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;195.5</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;176.1</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;168.8</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;177.6</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;175.5</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;171.6</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;171.2</font></div>
</td>
</tr><tr>
<td valign="top" width="34%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Net earnings (loss) from continuing operations</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;36.3</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;123.9</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;17.8</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;23.7</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;33.5</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;35.0</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;40.7</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;78.6</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;24.7</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Per share:</font></div>
</td>
<td valign="top" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Basic</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.08</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.26</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.04</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.05</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.07</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.08</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.09</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.19</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.06</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Diluted</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.08</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.26</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.03</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.05</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.07</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.07</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.09</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.16</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.06</font></div>
</td>
</tr><tr>
<td valign="top" width="34%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Net earnings (loss)</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;36.3</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;123.9</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;17.8</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;23.7</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;33.5</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;35.0</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;40.7</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;78.6</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;24.7</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Per share:</font></div>
</td>
<td valign="top" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Basic</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>0.08</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.26</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.04</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.05</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.07</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.08</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.09</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.19</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.06</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Diluted</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.08</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.26</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.03</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.05</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.07</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.07</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.09</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.16</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.06</font></div>
</td>
</tr><tr>
<td valign="top" width="34%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Adjusted net earnings</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;20.6</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;49.7</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;42.6</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;45.8</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;44.2</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;42.2</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;49.5</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;49.8</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;47.9</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Per share:</font></div>
</td>
<td valign="top" width="8%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="7%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="8%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%" style="PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Basic</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.04</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.11</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.09</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.10</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.10</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.09</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.11</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.12</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.12</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%" style="BORDER-BOTTOM: black 4px double; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Diluted</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.04</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.11</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.09</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.10</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.09</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.09</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.11</font></div>
</td>
<td align="right" valign="top" width="7%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.12</font></div>
</td>
<td align="right" valign="top" width="8%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.12</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">11</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">REVIEW OF OPERATING MINES</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<hr style="COLOR: black" align="left" noshade size="1" width="100%">
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div><font style="FONT-WEIGHT: bold">NEW AFTON MINE, BRITISH COLUMBIA, CANADA</font>

<hr style="COLOR: black" align="left" noshade size="1" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A summary of New Afton&#8217;s operating results is provided below:</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="black">
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" colspan="6" valign="top" width="73%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Three months ended March 31</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" colspan="2" valign="middle" width="34%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(in millions of U.S. dollars, except where noted)</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Operating information</font> <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">:</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ore mined (thousands of tonnes)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;754</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ore processed (thousands of tonnes)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;834</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Average grade:</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Gold (grams/tonne)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.67</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Copper (%)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.79</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Recovery rate (%):</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Gold</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;83.2</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Copper</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;81.3</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gold (ounces)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Produced <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;14,936</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Sold <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;15,577</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Copper (thousands of pounds)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Produced <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;11,809</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Sold <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;12,069</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Average realized price <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(3)</font>:</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Gold ($/ounce)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,591</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Copper ($/pound)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.44</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total cash costs per gold ounce sold<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"> (3)(4)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(770<font style="DISPLAY: inline; FONT-FAMILY: times new roman">)</font></font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="34%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Financial Information</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"> (1)</font>:</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Revenues</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;63.4</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Earnings from mine operations</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;18.4</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="34%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Capital expenditures</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;42.0</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;74.4</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.</font></div>
</td>
<td valign="top" width="83%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">There are no comparative figures for the first quarter of 2012 as New Afton reached commercial production on July 31, 2012.</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.</font></div>
</td>
<td valign="top" width="83%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Production is shown on a total contained basis while sales are shown on a net payable basis, including final product inventory and smelter payable adjustments, where applicable.</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.</font></div>
</td>
<td valign="top" width="83%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">We use certain non-GAAP financial performance measures throughout our MD&amp;A. Total cash costs per gold ounce sold, average realized price, average realized margin, adjusted net earnings, adjusted net earnings per share and cash generated from operations, excluding working capital changes and income taxes paid are non-GAAP financial performance measures with no standard meaning under IFRS. For further information and a detailed reconciliation, please refer to the &#8220;Non-GAAP Financial Performance Measures&#8221; section of this MD&amp;A.</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.</font></div>
</td>
<td valign="top" width="83%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The calculation of total cash costs per ounce of gold is net of by-product copper revenue. If copper revenues were treated as a co-product, the average total cash costs at New Afton for the three months ended March 31, 2013 would be $721 per ounce of gold and $1.56 per pound of copper.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<hr style="COLOR: black" align="left" noshade size="1" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Quarterly and Year to Date Operating Results</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Production</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In the first quarter of 2013, New Afton produced 14,936 ounces of gold and 11.8 million pounds of copper. There are no prior year comparatives as New Afton was still in the development stage throughout the first half of 2012.&#160;&#160;New Afton&#8217;s production increased in each consecutive month of the first quarter with further increases being seen in April. Production in early 2013 was impacted by the better-than-planned ramp up of the New Afton mill in the second half of 2012. As a result, the vast majority of New Afton&#8217;s ore stockpile was milled in 2012.&#160;&#160;Thus, the Company supplemented underground ore feed in January with remnant lower grade ore from the historical Afton open pit which also reduced the overall mill recoveries for the quarter. As planned, in late January, the installation of the permanent underground crusher was completed.&#160;&#160;This resulted in the underground mining rate steadily increasing to an average of 11,000 tonnes per day in March which compares to an average mining rate of 7,200 tonnes per day in the fourth quarter of 2012. As the New Afton mine and mill are now running at equivalent throughput rates, consistent with the operation&#8217;s 11,000 tonne per day nameplate capacity, and at planned gold and copper grades, the Company anticipates a steady increase in gold and copper production as the year progresses.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Revenue</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Revenue in the first quarter of 2013 was $63.4 million compared to $nil in the prior year period.&#160;&#160;The average realized prices were $1,591 per ounce of gold and $3.44 per pound of copper. This is slightly lower than the average London PM fix gold price of $1,630 for the first quarter of 2013. The average London Metals Exchange copper price was $3.60 for the first quarter of 2013.&#160;&#160;Average realized prices were impacted by timing of sales.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">12</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total cash costs</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Total cash costs per ounce of gold sold, net of by-product sales is negative $770 per ounce for the first quarter of 2013.&#160;&#160;Consistent with planned increases in gold and copper production during the remaining quarters of 2013, New Afton&#8217;s cash costs are expected to decline over the balance of the year.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Earnings from mine operations</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Afton contributed $18.4 million to the Company&#8217;s earnings from mine operations for the three months ended March 31, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Capital expenditures</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Capital expenditures for the first quarter of 2013 totaled $42.0 million relative to $74.4 million for the first quarter of 2012. Capital expenditures were significantly reduced in 2013 as New Afton entered into commercial production and reduced its development capital expenditure.&#160;&#160;Capital expenditures in 2013 are in excess of life of mine sustaining capital expenditure annual averages as the east cave is being developed and draw bell development remains accelerated in 2013.&#160;&#160;New Afton expects to develop an additional 37 draw bells in 2013. Additionally, some final construction expenditures were incurred in the first quarter of 2013, particularly related to the completion of the permanent underground crusher.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<hr style="COLOR: black" align="left" noshade size="1" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exploration Project Review</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In July 2012, New Gold initiated an exploration core drilling program to test the potential to expand the Main B-Zone Reserve currently being mined along strike and to expand the deeper C-Zone Mineral Resource located immediately below the B-Zone Reserve block. Total surface and underground exploration drilling during 2012 amounted to 17,072 metres in 34 holes. Seven of these 34 holes were incorporated into updated Mineral Resource and Reserve estimates completed on December 31, 2012 and reported previously.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Subsequent to quarter-end, the Company completed an updated Mineral Resource estimate for the C-Zone. The new Mineral Resource estimate incorporates the results for drilling which was completed in late 2012 and not included in the December 31, 2012 Mineral Resource estimate, as well as drilling completed through the end of February 2013.. The update reflects an increase by over 300% in gold ounces and copper pounds at improved grade. Measured and Indicated gold and copper Resources increased to 0.3 million ounces and 211 million pounds, respectively.&#160;&#160;Measured and Indicated gold and copper grades increased to 0.77 grams per tonne gold and 0.77% copper from 0.62 grams per tonne and 0.68% copper.&#160;&#160;The Inferred gold and copper Resources increased by over 30% to 0.4 million ounces and 301 million pounds.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company currently has three drills actively exploring the C-Zone and continues to target the completion of 30,000 metres of drilling in 2013. The Company also recently initiated a 17,000 metre program targeting extensions to the main reserve, with two surface core drills and one underground drill currently active.&#160;&#160;The objective of the C-Zone exploration drilling is to add to the mine&#8217;s life while, at the same time, New Gold continues to evaluate opportunities to increase the throughput rate beyond the nameplate capacity of 11,000 tonnes per day.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="black">
<td colspan="8" valign="top" width="100%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">New Afton C-Zone Mineral Resource Update &#8211; May 1, 2013</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td valign="bottom" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Resource Category</font></div>
</td>
<td colspan="4" valign="top" width="40%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Tonnes &amp; Grade</font></div>
</td>
<td colspan="3" valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Contained Metal</font></div>
</td>
</tr><tr>
<td valign="top" width="30%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" rowspan="2" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Tonnes</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">000&#8217;s</font></div>
</td>
<td align="right" rowspan="2" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Gold</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">g/t</font></div>
</td>
<td align="right" rowspan="2" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Silver</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">g/t</font></div>
</td>
<td align="right" rowspan="2" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Copper</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">%</font></div>
</td>
<td align="right" rowspan="2" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Gold</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Koz</font></div>
</td>
<td align="right" rowspan="2" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Silver</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Koz</font></div>
</td>
<td align="right" rowspan="2" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Copper</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Mlbs</font></div>
</td>
</tr><tr bgcolor="#ffffff">
<td valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Measured</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,282</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.75</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.35</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.79</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">31</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">56</font></div>
</td>
<td align="right" valign="middle" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">22</font></div>
</td>
</tr><tr>
<td valign="middle" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Indicated</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,205</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.78</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.52</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.77</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">280</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">548</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">189</font></div>
</td>
</tr><tr>
<td valign="middle" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total M&amp;I</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">12,486</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0.77</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1.50</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0.77</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">311</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">602</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">211</font></div>
</td>
</tr><tr>
<td valign="middle" width="30%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Inferred</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">20,221</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0.62</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1.42</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0.68</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">401</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">923</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">301</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="black">
<td colspan="8" valign="top" width="100%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">New Afton C-Zone Mineral Resource &#8211; December 31, 2012</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td valign="bottom" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Resource Category</font></div>
</td>
<td colspan="4" valign="top" width="40%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Tonnes &amp; Grade</font></div>
</td>
<td colspan="3" valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Contained Metal</font></div>
</td>
</tr><tr>
<td valign="top" width="30%" bgcolor="#ffffff"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" rowspan="2" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Tonnes</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">000&#8217;s</font></div>
</td>
<td align="right" rowspan="2" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Gold</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">g/t</font></div>
</td>
<td align="right" rowspan="2" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Silver</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">g/t</font></div>
</td>
<td align="right" rowspan="2" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Copper</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">%</font></div>
</td>
<td align="right" rowspan="2" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Gold</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Koz</font></div>
</td>
<td align="right" rowspan="2" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Silver</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Koz</font></div>
</td>
<td align="right" rowspan="2" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Copper</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Mlbs</font></div>
</td>
</tr><tr bgcolor="#ffffff">
<td valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Measured</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">400</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.60</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.30</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.73</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">20</font></div>
</td>
<td align="right" valign="middle" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6</font></div>
</td>
</tr><tr>
<td valign="middle" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Indicated</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,900</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.63</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.30</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.68</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">58</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">120</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">43</font></div>
</td>
</tr><tr>
<td valign="middle" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total M&amp;I</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3,300</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0.62</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1.30</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0.68</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">66</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">140</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">49</font></div>
</td>
</tr><tr>
<td valign="middle" width="30%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Inferred</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">13,600</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0.70</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1.50</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0.76</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">307</font></div>
</td>
<td align="right" valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">670</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">228</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.</font></div>
</td>
<td valign="top" width="84%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mineral resources are reported above a 0.40% copper-equivalent cut-off grade based on metal prices of $1,400/ounce gold, $28.00/ounce silver and $3.25/pound copper, average metallurgical recoveries of 87.7% for gold, 73.5% for silver and 86.4% for copper and related smelter and refining charges.</font></div>
</td>
</tr><tr>
<td valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.</font></div>
</td>
<td valign="top" width="84%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total contained metal calculated on the basis of tonnes multiplied by gold or silver grade divided by 31.10348 grams per troy ounce, and tonnes multiplied by copper percent grade and 2.2046</font></div>
</td>
</tr><tr>
<td valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.</font></div>
</td>
<td valign="top" width="84%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Additional technical details regarding the New Afton project are available in the NI 43-101 Technical Report dated December 31, 2009 published on SEDAR.</font></div>
</td>
</tr><tr>
<td valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.</font></div>
</td>
<td valign="top" width="84%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">As it is currently defined by exploration drilling, the C-Zone has a sub-vertical dip of 80&#176; and a moderate southwesterly plunge. The zone measures approximately 800 metres along its lateral strike, 550 metres in the vertical dimension, and ranges from 10 to 100 metres in true width, averaging 50 metres in true width overall.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">13</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: black" align="left" noshade size="1" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CERRO SAN PEDRO MINE, SAN LUIS POTOS&#205;, MEXICO</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div>
<hr style="COLOR: black" align="left" noshade size="1" width="100%">
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A summary of Cerro San Pedro&#8217;s operating results is provided below:</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="black">
<td align="right" colspan="6" valign="top" width="83%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Three months ended March 31</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" valign="middle" width="34%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(in millions of U.S. dollars, except where noted)</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Operating information:</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ore mined (thousands of tonnes)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3,434</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4,016</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Waste mined (thousands of tonnes)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3,532</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4,530</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ratio of waste to ore</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.03</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.13</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ore to leach pad (thousands of tonnes)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3,434</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4,016</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Average grade:</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Gold (grams/tonne)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.32</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.46</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Silver (grams/tonne)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;18.15</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;26.69</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gold (ounces)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Produced <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font> <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;26,387</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;33,984</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Sold <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;26,468</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;32,771</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Silver (ounces)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Produced <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font> <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;358,905</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;456,584</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Sold <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;360,913</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;439,141</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Average realized price <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(3)</font>:</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Gold ($/ounce)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,619</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,693</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Silver ($/ounce)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;29.51</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;32.70</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total cash costs per gold ounce sold<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"> (3)(4)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;495</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;233</font></div>
</td>
</tr><tr>
<td valign="top" width="34%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Financial Information</font>:</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Revenues</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;53.5</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;69.9</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Earnings from mine operations</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;22.6</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;40.0</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Capital expenditures</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.1</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.9</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.</font></div>
</td>
<td valign="top" width="83%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Production is shown on a total contained basis while sales are shown on a net payable basis, including final product inventory adjustments, where applicable.</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.</font></div>
</td>
<td valign="top" width="83%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Tonnes of ore processed each period does not necessarily correspond to ounces produced during the period, as there is a time delay between placing tonnes on the leach pad and pouring ounces of gold.</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.</font></div>
</td>
<td valign="top" width="83%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">We use certain non-GAAP financial performance measures throughout our MD&amp;A. Total cash costs per gold ounce sold, average realized price, average realized margin, operating margin, adjusted net earnings, adjusted net earnings per share and cash generated from operations, excluding working capital changes and income taxes paid, are non-GAAP financial performance measures with no standard meaning under IFRS. For further information and a detailed reconciliation, please refer to the &#8220;Non-GAAP Performance Measures&#8221; section of this MD&amp;A.</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.</font></div>
</td>
<td valign="top" width="83%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The calculation of total cash costs per ounce of gold is net of by-product silver revenue. If the silver revenues were treated as a co-product, the average total cash costs at Cerro San Pedro for the three months ended March 31, 2013, would be $719 per ounce of gold (2012 - $533<font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font>) and $13.10 per ounce of silver (2012 - $10.30<font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font>).</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<hr style="COLOR: black" align="left" noshade size="1" width="100%">
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Quarterly and Year to Date Operating Results</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Production</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Gold production for the first quarter of 2013 was 26,387 ounces compared to 33,984 ounces produced in the same period in 2012. Silver production for the quarter was 358,905 ounces compared to 456,584 ounces produced in the same period in 2012. The decrease in gold and silver production is due to a combination of lower tonnes processed and planned mining of lower ore grades.&#160;&#160;The production profile of Cerro San Pedro in 2013 reflects improving gold and silver grades through the remainder of the year.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Revenue</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Revenue for the first quarter of 2013 were $53.5 million compared to $69.9 million in the same prior year period due to lower ounces sold and lower average realized prices for both gold and silver. Consistent with production, gold sales for the first quarter of 2013 were 26,468 ounces relative to 32,771 ounces in the same prior year period. Silver sales also decreased, from 439,141 ounces in the first quarter of 2012 to 360,913 ounces in the same period in 2013. The average realized gold price during the first quarter of 2013 and 2012 was $1,619 and $1,693 per ounce, respectively which compares to the average London PM fix gold price of $1,630 and $1,689 per ounce, respectively. The average realized silver price per ounce during the first quarter of 2013 and 2012 were $29.51 and $32.70 per ounce, respectively. This compares to the average London fix silver price of&#160;&#160;$30.08 and $32.62 per ounce, respectively.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total cash costs</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Total cash costs per ounce of gold sold for the first quarter of 2013 of $495 per ounce were consistent with the Company&#8217;s quarterly plans and compared to $233 per ounce in the same prior year quarter. The increase in total cash costs when compared to the same period of 2012 is primarily driven by lower silver sales and prices negatively impacting by-product revenue, as well as the appreciation of the Mexican Peso and planned lower gold production.&#160;&#160;Per the 2013 mine plan, improving gold and silver ore grades should drive lower cash costs for the remainder of the year.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">14</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Earnings from mine operations</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Cerro San Pedro generated $22.6 million in earnings from mine operations in the first quarter of 2013 compared to $40.0 million in the same period of the prior year.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Capital expenditures</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Capital expenditures totalled $3.1 million and $2.9 million for the quarters ended March 31, 2013 and 2012, respectively. The projects in progress during the first quarter of 2013 are primarily targeting accelerated silver leaching.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: black" align="left" noshade size="1" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Impact of Foreign Exchange on Operations</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Cerro San Pedro was impacted by changes in the value of the Mexican peso against the U.S. dollar. The value of the Mexican peso increased from an average of 12.97 to the U.S. dollar in the first quarter of 2012 to 12.65 to the U.S. dollar in 2013. This had a positive impact of&#160;&#160;$15 per ounce of gold sold, which further contributed to the impact of the other factors described above.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<hr style="COLOR: black" align="left" noshade size="1" width="100%">
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">MESQUITE MINE, CALIFORNIA, USA</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<hr style="COLOR: black" align="left" noshade size="1" width="100%">
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A summary of Mesquite&#8217;s operating results is provided below:</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="black">
<td align="right" colspan="6" valign="top" width="83%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Three months ended March 31</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" valign="middle" width="34%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(in millions of U.S. dollars, except where noted)</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Operating information:</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ore mined (thousands of tonnes)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3,505</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3,672</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Waste mined (thousands of tonnes)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;8,890</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;7,228</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ratio of waste to ore</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.54</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.97</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ore to leach pad (thousands of tonnes)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3,505</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3,672</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Average grade:</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Gold (grams/tonne)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.32</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.59</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gold (ounces)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Produced <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1) (2)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;25,504</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;44,400</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Sold <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;25,708</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;43,617</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Average realized price <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(3)</font>:</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Gold ($/ounce)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"> (4)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,201</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,423</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total cash costs per gold ounce sold<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"> (3)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;879</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;628</font></div>
</td>
</tr><tr>
<td valign="top" width="34%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Financial Information</font>:</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Revenues</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;30.9</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;62.0</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Earnings from mine operations</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.1</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;27.5</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Capital expenditures</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.4</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.6</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.</font></div>
</td>
<td valign="top" width="84%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Production is shown on a total contained basis while sales are shown on a net payable basis, including final product inventory and smelter payable adjustments, where applicable.</font></div>
</td>
</tr><tr>
<td valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.</font></div>
</td>
<td valign="top" width="84%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Tonnes of ore processed each period does not necessarily correspond to ounces produced during the period, as there is a time delay between placing tonnes on the leach pad and pouring ounces of gold.</font></div>
</td>
</tr><tr>
<td valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.</font></div>
</td>
<td valign="top" width="84%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">We use certain non-GAAP financial performance measures throughout our MD&amp;A. Total cash costs per gold ounce sold, average realized price, average realized margin, operating margin, adjusted net earnings, adjusted net earnings per share and cash generated from operations, excluding working capital changes and income taxes paid, are non-GAAP financial performance measures with no standard meaning under IFRS. For further information and a detailed reconciliation, please refer to the &#8220;Non-GAAP Financial Performance Measures&#8221; section of this MD&amp;A.</font></div>
</td>
</tr><tr>
<td valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.</font></div>
</td>
<td valign="top" width="84%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Average realized price per gold ounce for Mesquite includes realized gains and losses from gold hedge settlements.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>&#160;</div>

<div>
<hr style="COLOR: black" align="left" noshade size="1" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Quarterly and Year to Date Operating Results</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Production</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Gold production for the quarter ended March 31, 2013 was 25,504 ounces compared to 44,400 ounces produced in the same period in 2012. Production was lower in 2013 due to the mine plan moving through a phase of ore that was below reserve grade, or 0.32 grams per tonne. This compares to the first quarter of 2012 when ore grade was considerably higher at 0.59 grams per tonne.&#160;&#160;Similar to Cerro San Pedro, ore grade is expected to progressively improve through the remainder of 2013 resulting in increased production in later quarters of 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Revenue</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Revenue for the quarter ended March 31, 2013 was $30.9 million compared to $62.0 million in the same period last year due to negative variances in both volume and price. Consistent with production, gold ounces sold in the first quarter of 2013 were 25,708 ounces relative to 43,617 ounces in the prior year period, representing a point when Mesquite was mining above reserve grade ore.&#160;&#160;The average realized gold price during the first quarter of 2013 of $1,201 per ounce, including hedged gold ounce settlements at $801 per ounce, compared to $1,423 per ounce of gold sold in the same prior year period.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">15</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total cash costs</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Total cash costs per ounce of gold sold for the quarter ended March 31, 2013 were $879 per ounce, compared to $628 per ounce in the same prior year period.&#160;&#160;Mesquite&#8217;s total gross operating costs remained consistent with the prior year period with the mine benefitting from lower fuel and explosive costs. As such, the increase in total cash costs per ounce sold was primarily driven by the planned mining of lower grade ore resulting in costs being spread over a lower production base.</font></div>

<br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Earnings from mine operations</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As a result of a lower average realized gold price and fewer ounces sold, Mesquite generated $3.1 million in earnings from mine operations for the quarter ended March 31, 2013, compared to $27.5 million in the same period in 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Capital expenditures</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Capital expenditures totalled $3.4 million and $1.6 million, for the quarters ended March 31, 2013 and 2012, respectively. The increase in 2013 was due to the scheduled component replacements on heavy equipment.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<hr style="COLOR: black" align="left" noshade size="1" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">PEAK MINES, NEW SOUTH WALES, AUSTRALIA</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div>
<hr style="COLOR: black" align="left" noshade size="1" width="100%">
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A summary of Peak Mines&#8217; operating results is provided below:</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="black">
<td align="right" colspan="6" valign="top" width="83%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Three months ended March 31</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" valign="middle" width="34%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(in millions of U.S. dollars, except where noted)</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Operating information:</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ore mined (thousands of tonnes)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;156</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;172</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ore processed (thousands of tonnes)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;201</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;184</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Average grade:</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Gold (grams/tonne)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4.72</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.90</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Copper (%)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.03</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.10</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Recovery rate (%):</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Gold</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;91.5</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;91.0</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Copper</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;91.9</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;83.0</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gold (ounces)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Produced <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;27,868</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;20,890</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Sold <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;27,428</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;17,288</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Copper (thousands of pounds)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Produced <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4,189</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3,683</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Sold <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3,798</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,780</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Average realized price <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font>:</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Gold ($/ounce)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,592</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,737</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Copper ($/pound)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.43</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4.14</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total cash costs per gold ounce sold<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"> (2)(3)</font></font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;819</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;915</font></div>
</td>
</tr><tr>
<td valign="top" width="34%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Financial Information</font>:</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Revenues</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;54.0</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;36.9</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Earnings from mine operations</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;13.7</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;10.2</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Capital expenditures</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;13.4</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;9.2</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.</font></div>
</td>
<td valign="top" width="83%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Production is shown on a total contained basis while sales are shown on a net payable basis, including final product inventory and smelter payable adjustments, where applicable.</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.</font></div>
</td>
<td valign="top" width="83%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">We use certain non-GAAP financial performance measures throughout our MD&amp;A. Total cash costs per gold ounce sold, average realized price, average realized margin, adjusted net earnings, adjusted net earnings per share and cash generated from operations, excluding working capital changes and income taxes paid are non-GAAP financial performance measures with no standard meaning under IFRS. For further information and a detailed reconciliation, please refer to the &#8220;Non-GAAP Financial Performance Measures&#8221; section of this MD&amp;A.</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.</font></div>
</td>
<td valign="top" width="83%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The calculation of total cash costs per ounce of gold is net of by-product copper revenue. If copper revenues were treated as a co-product, the average total cash costs at Peak Mines for the three months ended March 31, 2013 would be $990 per ounce of gold (2012 - $1,059<font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font>) and $2.27 per pound of copper (2012 - $2.81<font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font>).</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>&#160;</div>

<div>
<hr style="COLOR: black" align="left" noshade size="1" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Quarterly and Year to Date Operating Results</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Production</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Peak Mines produced 27,868 ounces of gold and 4.2 million pounds of copper during first quarter of 2013 compared to 20,890 ounces of gold and 3.7 million pounds of copper for the same prior year period.&#160;&#160;Gold production benefitted from higher grade and improved recovery rates in the first quarter of 2013 relative to the prior year period, coupled with higher ore tonnes processed.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Revenue</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Revenue for the three months ended March 31, 2013 was $54.0 million compared to $36.9 million in the same period in 2012. Although Peak Mines sold more gold ounces and copper pounds, these volume increases was partially offset by a decrease in both gold and copper average realized price relative to 2012. Gold ounces sold increased from 17,288 in 2012 to 27,428 in the current year, however, the average realized gold price was $1,592 per ounce compared to $1,737 per ounce in the same prior year period. This compares to the average London PM fix gold price of $1,630 and $1,689 per ounce for the three months ended March 31, 2013 and 2012, respectively. Copper sales were 3.8 million pounds compared to 1.8 million pounds in the prior year, however, copper prices were&#160;&#160;$3.43 per pound compared to $4.14 per pound in the prior year.&#160;&#160;The average London Metals Exchange copper price was $3.60 for three months ended March 31, 2013 and $3.77 for the same period in 2012.</font><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">16</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total cash costs</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Total cash costs per ounce of gold sold for the first quarter of 2013 were $819 compared to $915 in the same period of 2012.&#160;&#160;This decrease in total cash costs was attributable to a combination of high copper by-product revenue, the depreciation of the Australian dollar and higher gold production.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Earnings from mine operations</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the first quarter of 2013, the higher sales volume of gold and copper resulted in Peak Mines generating $13.7 million in earnings from operations compared to $10.2 million in the same prior year period.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Capital expenditures</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Capital expenditures totalled $13.4 million and $9.2 million for the quarter ended March 31, 2013 and 2012, respectively. Capital expenditures in the first quarter of 2013 were primarily associated with mine development and mobile fleet replacement, with the increase on prior year specifically related to scheduled loader and truck replacements.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: black" align="left" noshade size="1" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Impact of Foreign Exchange on Operations</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Peak Mines&#8217; operations continue to be impacted by fluctuations in the valuation of the Australian dollar against the U.S. dollar. The value of the Australian dollar in the first quarter of 2013 averaged 0.96 against the U.S. dollar compared to 0.95 in the first quarter of 2012 resulting in a negative impact on cash costs of $33 per gold ounce sold.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<hr style="COLOR: black" align="left" noshade size="1" width="100%">
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exploration Project Review</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">During the first quarter of 2013, the Company conducted 15,246 metres of underground exploration drilling to delineate additional Mineral Resources and Reserves at its Peak Mines operations. Approximately 50% of this total was drilled in the Perseverance deposit, 40% in the New Cobar deposit, and 10% in the Comstock exploration target zone. Additionally, a surface drilling program commenced at the Great Cobar deposit where a total of 1,723 metres of diamond drilling targeting extensions to the main lodes was completed. The Great Cobar mine was a significant historic producer of copper and gold in the region. Exploration to define new drill targets on Peak&#8217;s regional claim holdings also continued during the first quarter.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">DEVELOPMENT AND EXPLORATION REVIEW</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<hr style="COLOR: black" align="left" noshade size="1" width="100%">
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">BLACKWATER PROJECT, BRITISH COLUMBIA, CANADA</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div>
<hr style="COLOR: black" align="left" noshade size="1" width="100%">
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Blackwater is a bulk-tonnage gold project located approximately 160 kilometres southwest of Prince George, a city of approximately 80,000, in central British Columbia, Canada, where New Gold already has an established presence through New Afton. The project property position covers over 1,000 km<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">2</font> and is located near infrastructure. As at March 31, 2013, Blackwater had a resource estimate of 9.5 million ounces of Measured and Indicated gold Resources and an additional 0.38 million ounces of Inferred gold Resources. New Gold also owns a 100% interest in the Capoose mineral prospect, located approximately 25 kilometres from the Blackwater deposit. As at December 31, 2012 Mineral Resources at Capoose included 0.2 million ounces of gold at 0.43 grams per tonne and 9.5 million ounces of silver at 20.8 grams per tonne in the Indicated category and 0.6 million ounces gold at 0.29 grams per tonne and 47.8 million ounces silver at 23.2 grams per tonne in the Inferred category.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Project Review</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Blackwater project was further advanced during the first quarter. In addition to completing the previously announced Mineral Resource update, the team focused on progressing the environmental assessment reports, completing required condemnation drilling for proposed infrastructure sites and preparing for the regional exploration program on the Company&#8217;s 1,000 square kilometre land package.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Exploration activity at Blackwater during the first quarter of 2013 included the completion of 41 holes totaling 19,434 metres drilled. This total included 7,425 metres in 12 holes to explore potential extensions to the Blackwater resource at depth to further prove and potentially extend the high grade zones in the west and north-central portions of the deposit. Additionally, 2,131 metres in 5 holes were drilled for project engineering studies and 9,878 metres in 24 holes to test the mineral potential of areas selected for future operations facilities and infrastructure. The completion of these drilling campaigns concludes the resource delineation and development drilling work to be incorporated into the project feasibility study scheduled for completion in late 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">17</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Project spending at Blackwater, including exploration and infrastructure-related expenditures, for the three months ended March 31, 2013 was $15.0 million compared to $27.5 for the prior year period.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Subsequent to quarter-end, the Company completed an updated Mineral Resource estimate for Blackwater (&#8216;March 2013 Resource&#8217;) which will serve as the basis for the project&#8217;s feasibility study currently in progress. The Mineral Resource incorporates the results of an additional 89 infill holes totaling 21,959 metres completed during the latter half of the fourth quarter of 2012 in combination with more refined geologic and geostatistical modeling. The estimate is based on 1,002 core holes totaling 309,509 metres. Consistent with the Company&#8217;s plans to develop the project, the resource statement reflects the segregation of mineralized material that should be processed directly from which the Company plans to stockpile and process toward the end of the project&#8217;s currently envisioned mine life. The Company has utilized a dual cut-off strategy to reflect this segregation. All material grading above a gold-equivalent grade of 0.40 grams per tonne is considered for direct processing, while all material grading between a gold-equivalent cut-off of 0.30 and 0.40 grams per tonne is considered for stockpiling.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Highlights of the updated Mineral Resource estimate include:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="30%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font></div>
</td>
<td colspan="6" valign="top" width="61%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Measured and Indicated gold resources for direct processing increased to 8.6 million ounces of gold at 0.88 grams per tonne and 57.5 million ounces of silver at 5.8 grams per tonne.</font></div>
</td>
<td valign="top" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="30%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font></div>
</td>
<td colspan="6" valign="top" width="61%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Measured gold resources increased by 44% to 3.9 million ounces at 1.04 grams per tonne.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</td>
<td valign="top" width="1%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr bgcolor="black">
<td colspan="9" valign="middle" width="100%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Blackwater March 2013 Mineral Resource Statement &#8211; March 31, 2013</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" colspan="3" valign="middle" width="48%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Resource Category</font></div>
</td>
<td colspan="3" valign="middle" width="34%" style="TEXT-ALIGN: center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font> <font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Tonnes &amp; Grade</font></td>
<td colspan="3" valign="middle" width="18%" style="TEXT-ALIGN: center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font> <font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Contained Metal</font></td>
</tr><tr>
<td colspan="3" valign="middle" width="48%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160; </font></td>
<td valign="middle" width="13%" bgcolor="#ffffff" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Tonnes</font></div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">000&#8217;s</font></div>
</td>
<td valign="bottom" width="12%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Gold</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">g/t</font></div>
</td>
<td valign="bottom" width="9%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Silver</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">g/t</font></div>
</td>
<td valign="bottom" width="10%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;&#160;&#160;Gold</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;&#160;Moz</font></div>
</td>
<td colspan="2" valign="bottom" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Silver</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Koz</font></div>
</td>
</tr><tr>
<td align="left" colspan="3" valign="middle" width="48%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Measured &amp; Indicated Resources</font></div>
</td>
<td valign="bottom" width="13%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="12%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="bottom" width="8%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" colspan="3" valign="middle" width="48%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;Direct processing material</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;Measured</font></div>
</td>
<td valign="bottom" width="13%" bgcolor="#ffffff" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">116,955</font></div>
</td>
<td valign="bottom" width="12%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.04</font></div>
</td>
<td valign="bottom" width="9%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5.6</font></div>
</td>
<td valign="bottom" width="10%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.90</font></div>
</td>
<td colspan="2" valign="bottom" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">21.06</font></div>
</td>
</tr><tr>
<td align="left" colspan="3" valign="middle" width="48%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;Indicated</font></div>
</td>
<td valign="bottom" width="13%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">189,044</font></div>
</td>
<td valign="bottom" width="12%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.78</font></div>
</td>
<td valign="bottom" width="9%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6.0</font></div>
</td>
<td valign="bottom" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.73</font></div>
</td>
<td colspan="2" valign="bottom" width="8%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">36.47</font></div>
</td>
</tr><tr>
<td align="left" colspan="3" valign="middle" width="48%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;M&amp;I (direct processing)</font></div>
</td>
<td valign="bottom" width="13%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">305,999</font></div>
</td>
<td valign="bottom" width="12%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.88</font></div>
</td>
<td valign="bottom" width="9%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5.8</font></div>
</td>
<td valign="bottom" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8.62</font></div>
</td>
<td colspan="2" valign="bottom" width="8%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">57.52</font></div>
</td>
</tr><tr>
<td align="left" colspan="3" valign="bottom" width="48%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;Stockpile material</font></div>
</td>
<td valign="bottom" width="13%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="12%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="bottom" width="8%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" colspan="3" valign="bottom" width="48%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;Measured</font></div>
</td>
<td valign="bottom" width="13%" bgcolor="#ffffff" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;26,521</font></div>
</td>
<td valign="bottom" width="12%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.30</font></div>
</td>
<td valign="bottom" width="9%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.1</font></div>
</td>
<td valign="bottom" width="10%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.26</font></div>
</td>
<td colspan="2" valign="bottom" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.50</font></div>
</td>
</tr><tr>
<td align="left" colspan="3" valign="bottom" width="48%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;Indicated</font></div>
</td>
<td valign="bottom" width="13%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;64,382</font></div>
</td>
<td valign="bottom" width="12%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.30</font></div>
</td>
<td valign="bottom" width="9%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.4</font></div>
</td>
<td valign="bottom" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.62</font></div>
</td>
<td colspan="2" valign="bottom" width="8%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.11</font></div>
</td>
</tr><tr>
<td align="left" colspan="3" valign="middle" width="48%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;M&amp;I (stockpile)</font></div>
</td>
<td valign="middle" width="13%" bgcolor="#ffffff" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;90,904</font></div>
</td>
<td valign="middle" width="12%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.30</font></div>
</td>
<td valign="middle" width="9%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.3</font></div>
</td>
<td valign="middle" width="10%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.87</font></div>
</td>
<td colspan="2" valign="middle" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12.60</font></div>
</td>
</tr><tr>
<td align="left" colspan="3" valign="middle" width="48%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total M&amp;I</font></div>
</td>
<td valign="middle" width="13%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">396,903</font></div>
</td>
<td valign="middle" width="12%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.74</font></div>
</td>
<td valign="middle" width="9%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5.5</font></div>
</td>
<td valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.50</font></div>
</td>
<td colspan="2" valign="middle" width="8%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">70.13</font></div>
</td>
</tr><tr>
<td colspan="3" valign="middle" width="48%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="13%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="12%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="bottom" width="8%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" colspan="3" valign="top" width="48%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Inferred resources</font></div>
</td>
<td valign="bottom" width="13%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="12%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="9%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="bottom" width="8%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" colspan="3" valign="bottom" width="48%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;Inferred (direct processing)</font></div>
</td>
<td valign="bottom" width="13%" bgcolor="#ffffff" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;13,815</font></div>
</td>
<td valign="bottom" width="12%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.76</font></div>
</td>
<td valign="bottom" width="9%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.1</font></div>
</td>
<td valign="bottom" width="10%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.34</font></div>
</td>
<td colspan="2" valign="bottom" width="8%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.82</font></div>
</td>
</tr><tr>
<td align="left" colspan="3" valign="bottom" width="48%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;Inferred (stockpile)</font></div>
</td>
<td valign="bottom" width="13%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160; 3,785</font></div>
</td>
<td valign="bottom" width="12%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.31</font></div>
</td>
<td valign="bottom" width="9%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.6</font></div>
</td>
<td valign="bottom" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.04</font></div>
</td>
<td colspan="2" valign="bottom" width="8%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.44</font></div>
</td>
</tr><tr>
<td align="left" colspan="3" valign="middle" width="48%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total Inferred</font></div>
</td>
<td valign="middle" width="13%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;17,600</font></div>
</td>
<td valign="middle" width="12%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.66</font></div>
</td>
<td valign="middle" width="9%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.0</font></div>
</td>
<td valign="middle" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.38</font></div>
</td>
<td colspan="2" valign="middle" width="8%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.26</font></div>
</td>
</tr><tr>
<td align="left" colspan="3" valign="middle" width="48%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></td>
<td align="right" valign="middle" width="13%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="12%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="9%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="middle" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="middle" width="8%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.</font></div>
</td>
<td valign="top" width="84%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mineral resources are reported within a conceptual open pit shell based on metal prices of $1,400/oz gold and $28.00/oz silver and average metallurgical</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">recoveries of 88.0% gold and 64.0% silver for oxide mineralization, 85.0% gold and 58.0% silver for transitional oxide/sulfide mineralization and 85.0% gold and 44.0% silver for sulfide mineralization.</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.</font></div>
</td>
<td valign="top" width="84%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total contained metal calculated on the basis of Tonnes * Grade / 31.10348 grams per troy ounce.</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.</font></div>
</td>
<td valign="top" width="84%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gold-equivalent cut-off grade estimates are based on $1,400/oz gold and $28.00/oz silver and average metal recoveries as described in Note 1 above</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.</font></div>
</td>
<td valign="top" width="84%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Direct processing material is defined as mineralization above a 0.40 g/t AuEq cut-off and likely to be mined and processed directly.</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5.</font></div>
</td>
<td valign="top" width="84%">
<div style="TEXT-INDENT: -9pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt">Stockpile material is defined as mineralization between a 0.30 g/t AuEq and a 0.40 AuEq cut-off that is suitable for stockpiling and future processing based on average metallurgical recoveries as described in Note 1 above.</font></font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mineral Resources are not Mineral Reserves and as such do not have demonstrated economic viability.&#160; This MD&amp;A includes information on Blackwater which was outlined in the Preliminary Economic Assessment (&#8220;PEA&#8221;) Technical Report filed on October 10, 2012.&#160; New Gold has, since the date of the PEA, completed non-material updates of the Mineral Resource estimate for Blackwater.&#160; Although the PEA represents useful, accurate and reliable information based on the information available at the time of its publication, and provides an important indicator as to the economic potential of Blackwater, the PEA is based on Mineral Resource estimates with an effective date of July 27, 2012, which do not reflect drilling conducted since their effective date, and the PEA does not reflect the latest Mineral Resource estimate discussed in this MD&amp;A.&#160; Certain assumptions used in the PEA, some of which relate to the July 27, 2012, Mineral Resource estimate may have changed from those used for the new Resource estimate, causing a variation of parameters.&#160; Moreover, the updated Mineral Resource estimate may impact how New Gold intends to develop the deposit, including pit outlines, production rates and mine life.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">18</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Feasibility Study Status</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Feasibility Study (&#8220;FS&#8221;) phase for Blackwater commenced in the first quarter. Highlights during this period include:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font></div>
</td>
<td valign="top" width="78%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Substantially completed the FS geological block model.</font></div>
</td>
</tr><tr>
<td valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font></div>
</td>
<td valign="top" width="78%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Substantially completed the FS metallurgical testwork program.</font></div>
</td>
</tr><tr>
<td valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font></div>
</td>
<td valign="top" width="78%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Awarded the FS plant design, project costing and FS Report compilation work to AMEC.</font></div>
</td>
</tr><tr>
<td valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font></div>
</td>
<td valign="top" width="78%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Completed mining studies for throughput selection and substantially completed study for trolley assisted haulage systems.</font></div>
</td>
</tr><tr>
<td valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font></div>
</td>
<td valign="top" width="78%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Confirmed the process flowsheet selection as Whole Ore Leach.</font></div>
</td>
</tr><tr>
<td valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font></div>
</td>
<td valign="top" width="78%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Confirmed plant capacity as 60,000 tonnes per day.</font></div>
</td>
</tr><tr>
<td valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font></div>
</td>
<td valign="top" width="78%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Completed second phase of geotechnical testing in the Tailings Storage Facility area, to significantly advance the design to minimize seepage.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Work is ongoing to complete site layout design, finalize equipment sizing and establish the bases of estimate for the project.&#160;&#160;The feasibility study remains on track for completion in late 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Other Project Highlights</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Other highlights for Blackwater in the first quarter of 2013 include:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font></div>
</td>
<td valign="top" width="78%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Receipt of federal Environmental Impact Statement Guidelines and continuation of the provincial and federal environmental process.</font></div>
</td>
</tr><tr>
<td valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font></div>
</td>
<td valign="top" width="78%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Approval of amended multi-year area based exploration permits for 2013.</font></div>
</td>
</tr><tr>
<td valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font></div>
</td>
<td valign="top" width="78%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Initiation of discussions on Participation Agreements for construction and operation of the mine with key First Nations.</font></div>
</td>
</tr><tr>
<td valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font></div>
</td>
<td valign="top" width="78%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Advanced exploration target selection for Capoose and other prospective areas identified for reconnaissance drilling in 2013.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<hr style="COLOR: black" align="left" noshade size="1" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">EL MORRO PROJECT, ATACAMA REGION, CHILE</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div>
<hr style="COLOR: black" align="left" noshade size="1" width="100%">
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">El Morro is an advanced stage gold-copper development project located in north-central Chile, Atacama Region, approximately 80 kilometres east of the city of Vallenar. El Morro is a world-class project with low expected cash costs and great organic growth potential. As at December 31, 2012, attributable to New Gold&#8217;s 30% share of the project are Proven and Probable gold Reserves of 2.9 million ounces and Proven and Probable copper Reserves of 2.1 billion pounds. The El Morro and La Fortuna deposits represent the two principal zones of gold-copper mineralization that have been identified to date. Future exploration efforts will also test the potential bulk-mineable gold and copper production below the bottom of the current La Fortuna open pit.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Under the terms of New Gold's agreement with Goldcorp Inc. ("Goldcorp"), Goldcorp is responsible for funding New Gold's 30% share of capital costs. The carried funding accrues interest at a fixed rate of 4.58%. New Gold will repay its share of capital plus accumulated interest out of 80% of its share of the project's cash flow with New Gold retaining 20% of its share of cash flow from the time production commences.&#160;&#160;Pursuant to the above agreement, New Gold has drawn down $71.3 million of carried funding at March 31, 2013. New Gold had no cash outlay in 2013. New Gold&#8217;s 30% of project spending, excluding interest, for the first quarter of 2013 and 2012 were $5.8 million and $7.2 million, respectively.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Project field work has been temporarily suspended following the April 27, 2012 ruling by the Supreme Court of Chile against approval of El Morro&#8217;s environmental permit.&#160;&#160;Based on the Supreme Court's announcement, El Morro suspended all project field work being executed under the terms of the environmental permit. Activities not subject to the environmental permit, including detailed engineering, design work and architectural planning, continue. Goldcorp is working closely with the Chilean Environmental Permitting Authority, the Servicio de Evalucion Ambiental, to address any perceived deficiencies in respect of the environmental permit. It is anticipated this consultation process could be completed by late 2013 with the expectation that the modified EIA should be approved shortly thereafter.&#160;&#160;Goldcorp is also focused on obtaining the project permits and optimizing project economics including sourcing of a long-term power supply. See the "Contingencies" section of this MD&amp;A for more details.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">19</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">FINANCIAL CONDITION REVIEW</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SUMMARY BALANCE SHEET</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="black">
<td valign="middle" width="47%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="12%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">March 31</font></div>
</td>
<td align="right" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">December 31</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" valign="middle" width="47%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(in millions of U.S. dollars, except where noted)</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="47%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cash and cash equivalents</font></div>
</td>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;672.4</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;687.8</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="47%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Deferred tax assets</font></div>
</td>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;192.8</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;194.1</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="47%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other assets</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3,437.0</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3,401.8</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="47%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total assets</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;4,302.2</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;4,283.7</font></div>
</td>
</tr><tr>
<td valign="top" width="47%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="12%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="47%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Derivative liabilities</font></div>
</td>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;88.4</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;110.5</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="47%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Reclamation and closure cost obligations</font></div>
</td>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;67.0</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;68.5</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="47%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Long-term debt</font></div>
</td>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;854.3</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;847.8</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="47%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Deferred tax liabilities</font></div>
</td>
<td valign="top" width="12%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;336.4</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;322.9</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="47%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other liabilities</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;226.0</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;257.5</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="47%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total liabilities</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1,572.1</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1,607.2</font></div>
</td>
</tr><tr>
<td valign="top" width="47%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="12%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="47%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total equity</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;2,730.1</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;2,676.5</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">BALANCE SHEET REVIEW</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Assets</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">At March 31, 2013, New Gold held cash and cash equivalents of $672.4 million. This compares to $687.8 million held at December 31, 2012. The Company&#8217;s investment policy is to invest its surplus funds in permitted investments consisting of treasury bills, bonds, notes and other evidences of indebtedness of Canada, the U.S. or any of the Canadian Provinces with a minimum credit rating of R-1 mid from the Dominion Bond Rating Service (&#8220;DBRS&#8221;) or an equivalent rating from Standard &amp; Poor&#8217;s and Moody&#8217;s and with maturities of twelve months or less at the original date of acquisition. In addition, the Company is permitted to invest in bankers&#8217; acceptances and other evidences of indebtedness of certain financial institutions.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Gold hedge contracts</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Under the terms of the term loan facility entered into by Western Mesquite Mines, Inc. (&#8220;WMMI&#8221;), as a condition precedent to drawdown of the loan, WMMI entered into a gold hedging program required by the banking syndicate. As such, WMMI executed gold forward sales contracts for 429,000 ounces of gold at a price of $801 per ounce. New Gold assumed the liability for the sales contracts on completion of the business combination with Western Goldfields Inc. in mid-2009. As at March 31, 2013, the remaining gold contracts represent a commitment of 5,500 ounces per month for 21 months with the last commitment deliverable in December 2014 for a total of 115,500 ounces.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The remaining contracts were marked to market as at March 31, 2013 using the March 31, 2013 gold forward curve, resulting in a cumulative unrealized pre-tax loss of $88.4 million that has been disclosed as a liability.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Reclamation and Closure Cost Obligations</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Reclamation and closure cost obligations are asset retirement obligations that arise from the acquisition, development, construction and normal operation of mining property, plant and equipment, due to government controls and regulations that protect the environment on the closure and reclamation of mining properties. The Company has future obligations to retire its mining assets including dismantling, remediation and ongoing treatment and monitoring of sites. The exact nature of environmental issues and costs, if any, which the Company may encounter in the future are subject to change, primarily because of the changing character of environmental requirements that may be enacted by governmental agencies.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company&#8217;s asset retirement obligations consist of reclamation and closure costs for New Afton, Cerro San Pedro, Mesquite, Peak Mines, and Blackwater. Significant reclamation and closure activities include land rehabilitation, demolition of buildings and mine facilities, ongoing care and maintenance and other costs.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The long-term portion of the liability at March 31, 2013 is $67.0 million compared to $68.5 million at December 31, 2012. Changes in the liability are due to changes in estimated cash flows related to reclamation activities, amortization or unwinding of the discount, and revisions to the discount and foreign currency rates used in the valuation of the obligations.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Long-Term Debt</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The majority of the Company&#8217;s contractual obligations consist of long-term debt and interest payable. At March 31, 2013, the Company had $854.3 million in long-term debt compared to $847.8 million at December 31, 2012. In the three months ended March 31, 2013, the Company capitalized interest of $4.0 million to qualifying development projects, all of which has been allocated to Blackwater. This compares to $23.8 million of capitalized interest for the year ended December 31, 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">20</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On April 5, 2012, the Company issued an initial offering of Senior Unsecured Notes, which mature and become payable on April 15, 2020 and bear interest at a rate of 7% per annum. At March 31, 2013, the face value of these notes, denominated in U.S. dollars totalled $300 million and the carrying amount totalled $292.7 million. Interest is payable in arrears in equal semi-annual installments on April 15 and October 15 each year.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On November 15, 2012, the Company issued a second offering of Senior Unsecured Notes. These notes become payable on November 15, 2022 and bear interest at a rate of 6.25% per annum. At March 31, 2013, the face value of these notes, denominated in U.S. dollars, totalled $500 million and the carrying amount totalled $490.3 million. Interest is payable in arrears in equal semi-annual installments on May 15 and November 15 each year.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On December 14, 2010, the Company entered into an agreement for a $150.0 million revolving credit facility (&#8220;Facility&#8221;) with a syndicate of banks. The amount of the Facility will be reduced by $50.0 million if Cerro San Pedro is not operational for 45 consecutive days due to any injunction, order, judgment or other determination of an official body in Mexico as a result of any disputes now or hereafter before an official body in Mexico with jurisdiction to settle such a dispute. However, the full $50.0 million of credit will be reinstated if operations at Cerro San Pedro resume in accordance with the mine plan for 45 consecutive days and no similar disruption event occurs during this period. The Facility is for general corporate purposes, including acquisitions and is secured on the Company&#8217;s operating assets at Peak Mines, Mesquite and Cerro San Pedro and a pledge of a certain subsidiaries&#8217; shares. The Facility contains various covenants customary for a loan facility of this nature, including limits on indebtedness, asset sales and liens. Significant financial covenants are as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="black">
<td align="right" valign="middle" width="46%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">March 31</font></div>
</td>
<td align="right" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">December 31</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td valign="middle" width="46%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Financial covenant</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="46%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Minimum tangible net worth ($1.38 billion + 25% of positive quarterly net income)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&gt; $1.46 billion</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$3.1 billion</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$3.05 billion</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="46%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Minimum interest coverage ratio (EBITDA to interest)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&gt; 4.0 : 1</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10.2 : 1</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13.2 : 1</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="46%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Maximum leverage ratio (debt to EBITDA)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">1</font></font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&lt; 3.0 : 1</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.4 : 1</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.0 : 1</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.</font></div>
</td>
<td align="left" valign="top" width="84%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The comparative covenant test presented as at December 31, 2012 was not recalculated using net debt to EBITDA. It was calculated using total debt which was the covenant test at the time.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On February 28, 2013, New Gold agreed to an extension of the facility to December 14, 2014.&#160;&#160;Other amendments include a reduction in fees and the use of net debt, rather than total debt, as a measure of leverage for the purpose of covenant tests. As a result of this amendment and extension, the interest margin on drawings under the Facility ranges from 1.25% to 3.50% over LIBOR, the Prime Rate or the Base Rate, based on the Company&#8217;s net debt to EBITDA ratio and the currency and type of credit selected by the Company. The standby fees on undrawn amounts under the Facility range between 0.56% and 0.88% depending on the Company&#8217;s net debt to EBITDA ratio. Based on the Company&#8217;s net debt to EBITDA ratio, the rate is 0.56% as at March 31, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As at March 31, 2013, the Company has not drawn any funds under the Facility; however the Facility has been used to issue letters of credit of A$10.2 million for Peak Mines&#8217; reclamation bond for the State of New South Wales, C$9.5 million for New Afton&#8217;s commitment to B.C. Hydro for power and transmission construction work (the B.C. Hydro letter of credit will be released over time as New Afton consumes and pays for power in the early period of operations), C$9.5 million for New Afton&#8217;s reclamation requirements, C$1.2 million for Blackwater&#8217;s reclamation requirements and $18.4 million relating to environmental and reclamation requirements at Cerro San Pedro.&#160;&#160;The annual fees are 1.60% of the value of the outstanding letters of credit whichtotalled $48.9 million as at March 31, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold&#8217;s wholly owned subsidiary Western Goldfields Inc. had a $105.0 million term loan facility with a syndicate of banks under which $86.3 million was borrowed in connection with the development of Mesquite. The remaining loan balance of $27.2 million was fully repaid on February 26, 2010 which allowed the Company the flexibility to monetize the remaining hedges outstanding at its discretion. The related gold hedge extends to the end of 2014 and the related security and covenants were released by the syndicate of banks on December 14, 2010 when New Gold entered into the Facility. The gold hedge is now secured under the Facility and shares in security, on a pari passu basis, with the new lenders. One of the banks under the Facility replaced two of the original banking institutions as the hedge counterparty for a portion of the overall hedge under the same terms. The hedge will remain in place until the hedge is monetized or delivered over this period at 5,500 ounces per month at $801 per ounce.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Current and Deferred Income Taxes</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The net deferred income tax liability increased from $128.8 million on December 31, 2012 to $143.6 million on March 31, 2013. The primary reason for the increase in the net deferred tax liability is due to the utilization of the deferred tax assets in respect of BC mining taxes and the mark to market hedges as well as the utilization of the deferred tax assets to account for a full quarter of net income from New Afton.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The current income tax receivable balance decreased from $6.6 million at December 31, 2012 to $6.1 million at March 31, 2013.&#160;&#160;The outstanding receivable is a 2012 income tax refund due in Mexico.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">21</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">LIQUIDITY AND CASH FLOW</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As at March 31, 2013, the Company had cash and cash equivalents held by continuing operations of $672.4 million compared to $687.8 million at December 31, 2012. The Company&#8217;s investment policy is to invest its surplus funds in permitted investments consisting of treasury bills, bonds, notes and other evidences of indebtedness of Canada, the U.S. or any of the Canadian Provinces with a minimum credit rating of R-1 mid from the Dominion Bond Rating Service (&#8220;DBRS&#8221;) or an equivalent rating from Standard &amp; Poor&#8217;s and Moody&#8217;s and with maturities of twelve months or less at the original date of acquisition.&#160;&#160;In addition, the Company is permitted to invest in bankers&#8217; acceptances and other evidences of indebtedness of certain financial institutions. Surplus corporate funds are only invested with approved government or bank counterparties.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The change in cash in the quarter ended March 31, 2013 was driven by continuing gold, copper and silver sales from Mesquite, Peak Mines, Cerro San Pedro and New Afton, offset by capital and operating expenditures across the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Liquidity and Capital Resources Outlook</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">During the three months ended March 31, 2013, the Company had positive net cash generated from continuing operations of $58.5 million and invested a total of $76.4 million in mining interests, including $3.4 million at Mesquite, $3.1 million at Cerro San Pedro, $13.4 million at Peak Mines, $42.0 million at New Afton, and&#160;&#160;$15.0 million at Blackwater, netted by a credit on other projects. As at March 31, 2013, the Company had working capital of $719.2 million, which includes $672.4 million in cash and cash equivalents.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Internal growth will focus on El Morro and Blackwater; however, there are other potential development properties that may become high priorities as further exploration and assessment is completed. In order to supplement this internal growth, the Company may consider expansion opportunities through mergers and acquisitions.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In the opinion of management, the working capital at March 31, 2013, together with cash flows from operations, are sufficient to support the Company&#8217;s normal operating requirements on an ongoing basis. Based on our current cash balance and expected incremental cash flow, it is expected that the Company&#8217;s existing cash will be sufficient to fully fund Blackwater and El Morro. New Gold is not required to fund any of the development capital for El Morro, as under the agreement with Goldcorp, the Company&#8217;s 30% share is fully funded and both principal and interest will be repaid solely from future cash generated from New Gold&#8217;s share of El Morro&#8217;s distributable cash flows. The Company also expects it will not need external financing to repay its outstanding debt in 2020 and 2022.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">However, the Company&#8217;s future profits and cash position are highly dependent on metal prices, including gold, silver and copper. Taking into consideration volatile equity markets, global uncertainty in the capital markets and cost pressures, the Company is continually reviewing expenditures in order to ensure adequate liquidity and flexibility to support its growth strategy while maintaining or increasing production levels at its current operations. However, cash projections may require revision if any further acquisitions or external growth opportunities are realized.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">COMMITMENTS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company has entered into a number of contractual commitments related to equipment orders to purchase long lead items or critical pieces of mining equipment. At March 31, 2013, these commitments totalled $42.5 million, of which all are expected to fall due over the next 12 months. This compares to a balance of $87.4 million at December 31, 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONTINGENCIES</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In assessing the loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company and its legal counsel evaluate the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought. If the assessment of a contingency suggests that a loss is probable, and the amount can easily be estimated, then a loss is recorded. When a contingent loss is not probable but is reasonably possible, or is probable but the amount of the loss cannot be reliably estimated, then details of the contingent loss are disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the Company discloses the nature of the guarantees. Legal fees incurred in connection with pending legal proceedings are expensed as incurred. If the Company is unable to resolve these disputes favourably, it may have a material adverse impact on our financial condition, cash flow and results of operations.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">El Morro Project</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Chilean Environmental Permitting Authority ("Servicio de Evaluaci&#243;n Ambiental" or "SEA") approved the El Morro Project&#8217;s environmental permit in March 2011. A constitutional action was filed against the SEA in May 2011 by the Comunidad Agricola Los Huasco Altinos (&#8220;CAHA&#8221;) seeking annulment of the environmental permit. Sociedad Contractual Mineral El Morro (&#8220;El Morro&#8221;), the Chilean company jointly held by the Company and Goldcorp, and which owns and operates the El Morro Project, participated in the legal proceedings as an interested party and beneficiary of the environmental permit. In February 2012, the Court of Appeals of Antofagasta ruled against approval of the environmental permit, for the primary reason that the SEA had not adequately consulted or compensated the indigenous people that form the CAHA. SEA and El Morro </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">22</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">appealed the ruling; however, the ruling was confirmed by the Supreme Court of Chile on April 27, 2012. Based on the Supreme Court&#8217;s announcement, El Morro immediately suspended all project field work being executed under the terms of the environmental permit. On June 22, 2012, SEA initiated the administrative process to address the deficiencies identified by the Chilean Court. It is anticipated the consultation process could be completed by late 2013. During the period of temporary suspension, Goldcorp&#8217;s focus is on supporting the advancement of the consultation process, evaluating potential future exploration targets and optimizing project economics including sourcing a long-term power supply.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Cerro San Pedro Mine</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In March 2011, the municipality of Cerro de San Pedro approved a new municipal land use plan, after public consultation, which clearly designates the area of the Cerro San Pedro Mine for mining. New Gold believes this plan resolves any ambiguity regarding the land use in the area in which Cerro San Pedro is located, and which has had a history of ongoing legal challenges related to the environmental authorization (&#8220;EIS&#8221;) for the Mine. In April 2011, a request was filed for a new EIS based on the new Municipal Plan and on August 5, 2011 a new EIS was granted.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-WEIGHT: bold">CONTRACTUAL OBLIGATIONS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following is a summary of the Company&#8217;s payments due under contractual obligations:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CONTRACTUAL OBLIGATIONS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="black">
<td align="right" colspan="6" valign="middle" width="83%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Payments due by period</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" valign="middle" width="24%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(in millions of U.S. dollars)</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Less than 1 year</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2 - 3 years</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4 - 5 years</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">After 5 years</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="24%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Long-term debt</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;800.0</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;800.0</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="24%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Interest payable on long-term debt</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;52.3</font></div>
</td>
<td align="right" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;104.5</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;104.5</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;208.8</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;470.1</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="24%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Operating leases and other commitments</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;54.8</font></div>
</td>
<td align="right" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;31.2</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.0</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.4</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;87.4</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Reclamation and closure cost obligations</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.2</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.0</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;5.8</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;78.4</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;90.4</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="24%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total contractual obligations</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;110.3</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;138.7</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;111.3</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1,087.6</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1,447.9</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The majority of the Company&#8217;s contractual obligations consist of long-term debt and interest payable. Long-term debt obligations are comprised of Senior Unsecured Notes issued on April 5, 2012 and November 15, 2012. Refer to the section &#8220;Financial Condition Review &#8211; Balance Sheet Review &#8211; Long-term debt&#8221; for further details.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">RELATED PARTY TRANSACTIONS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company did not enter into any related party transactions during the quarter ended March 31, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OFF-BALANCE SHEET ARRANGEMENTS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company has no off-balance sheet arrangements.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OUTSTANDING SHARES</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As at May 1, 2013, there were 476,917,422 common shares of the Company outstanding. The Company had 11,418,753 stock options outstanding under its share option plan, exercisable for 11,418,753 common shares. In addition, the Company had 27,849,865 common share purchase warrants outstanding exercisable for 27,849,865 common shares.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<div>
<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>
</div>
</div>

<br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">NON-GAAP FINANCIAL PERFORMANCE MEASURES</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total Cash Costs per Gold Ounce</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8220;Total cash costs per gold ounce&#8221; is a common financial performance measure in the gold mining industry but with no standard meaning under IFRS. New Gold reports total cash costs on a sales basis. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company&#8217;s performance and ability to generate cash flow. The measure, along with sales, is considered to be a key indicator of a Company&#8217;s ability to generate operating earnings and cash flow from its mining operations.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Total cash costs figures are calculated in accordance with a standard developed by The Gold Institute, which was a worldwide association of suppliers of gold and gold products and included leading North American gold producers. The Gold Institute ceased operations in 2002, but the standard is the accepted standard of reporting cash costs of production in North America. Adoption of the standard is voluntary and the cost measures presented may not be comparable to other similarly titled measures of other companies. Total cash costs include mine site operating costs such as mining, processing, administration, royalties and production taxes, realized gains and losses on fuel contracts, but is exclusive of amortization, reclamation, capital and exploration costs and net of by-product sales. Total cash costs are then divided by gold ounces sold to arrive at the total cash costs per ounce sold. The calculation of total cash costs per ounce of gold for Cerro San Pedro is net of by-product silver sales revenue, and the calculation of total cash costs per ounce of gold sold for Peak Mines and New Afton is net of by-product copper sales revenue.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">23</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Total cash costs are intended to provide additional information only and do not have any standardized definition under IFRS; they should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these measures differently.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">TOTAL CASH COSTS PER OUNCE RECONCILIATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="black">
<td valign="top" width="42%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" colspan="4" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="whitesmoke" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Three months ended March 31</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" valign="middle" width="42%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="whitesmoke" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(in millions of U.S. dollars, except where noted)</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="whitesmoke" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="whitesmoke" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="whitesmoke" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="whitesmoke" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Operating expenses from continuing operations</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;106.1</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;72.3</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Treatment and refining charges on concentrate sales</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;7.3</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.9</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">By-product copper and silver sales</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(66.9)</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(22.1)</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Non-cash adjustments</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.4)</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(0.2)</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total cash costs</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;46.1</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;50.9</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ounces of gold sold</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;95,181</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;93,676</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total cash costs per ounce of gold sold</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;485</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;543</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Adjusted Net Earnings and Adjusted Net Earnings per Share</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8220;Adjusted net earnings&#8221; and &#8220;adjusted net earnings per share&#8221; are financial measures with no standard meaning under IFRS which excludes the following from net earnings:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td valign="top" width="96%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Impairment losses</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td valign="top" width="96%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Fair value changes of embedded derivative in Senior Secured Notes</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td valign="top" width="96%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gains (losses) on Fair Value Through Profit and Loss financial assets</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td valign="top" width="96%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ineffectiveness of hedging instruments</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td valign="top" width="96%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Fair value changes of non-hedged derivatives such as share purchase warrants and the prepayment option on our convertible debt</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td valign="top" width="96%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Fair value changes of asset backed commercial paper</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td valign="top" width="96%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gains (losses) on foreign exchange</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td valign="top" width="96%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other non-recurring items</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Net earnings have been adjusted and tax affected for the group of costs in &#8220;Other gains and losses&#8221; on the condensed consolidated income statement. The adjusted entries are also impacted for tax to the extent that the underlying entries are impacted for tax in the unadjusted net earnings from continuing operations. As the loss on the fair value change of non-hedged derivatives is only minimally tax affected in unadjusted net earnings from continuing operations, the reversal of tax on an adjusted basis is also minimal. The prior period adjusted tax excludes the impact of the increase in the Chilean Category 1 income tax rate which was enacted in the third quarter of 2012, as well as the impact of adjustments to uncertain tax positions. Also, the prior period tax is adjusted for the foreign exchange impact of deferred tax on non-monetary assets.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As noted, the Company uses this measure for its own internal purposes. Management&#8217;s internal budgets and forecasts and public guidance do not reflect fair value changes on senior notes and non-hedged derivatives, foreign currency translation and FVTPL financial asset gains/losses. Consequently, the presentation of adjusted net earnings enables investors and analysts to better understand the underlying operating performance of our core mining business through the eyes of management. Management periodically evaluates the components of adjusted net earnings based on an internal assessment of performance measures that are useful for evaluating the operating performance of our business and a review of the non-GAAP measures used by mining industry analysts and other mining companies.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Adjusted net earnings are intended to provide additional information only and do not have any standardized definition under IFRS; they should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. The measures are not necessarily indicative of operating profit or cash flow from operations as determined under IFRS. Other companies may calculate these measures differently.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table reconciles these non-GAAP measures to the most directly comparable IFRS measure. The reconciliation of net earnings to adjusted net earnings is below.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">24</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ADJUSTED NET EARNINGS RECONCILIATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="black">
<td valign="top" width="42%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" colspan="4" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Three months ended March 31</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" valign="middle" width="42%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(in millions of U.S. dollars, except where noted)</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Net earnings before taxes</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;48.7</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;51.8</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ineffectiveness on hedging instruments</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.5</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.2</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Realized and unrealized gain on non-hedged derivatives</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(22.6)</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;8.6</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Loss (gain) on foreign exchange</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;5.6</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.5</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Loss on disposal of assets</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.5</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.3</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.2</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.5</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Adjusted net earnings before tax</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;32.9</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;63.9</font></div>
</td>
</tr><tr>
<td valign="top" width="42%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Income tax expense</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(12.4)</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(18.3)</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Income tax adjustments</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.1</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(1.4)</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Adjusted income tax expense</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(12.3)</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(19.7)</font></div>
</td>
</tr><tr>
<td valign="top" width="42%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Adjusted net earnings</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;20.6</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;44.2</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Adjusted earnings per share (basic)</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.04</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.10</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Adjusted effective tax rate</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">37%</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">31%</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Cash generated from operations, excluding working capital changes and income taxes paid</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8220;Cash generated from operations, excluding working capital changes and income taxes paid&#8221; is a financial measure with no standard meaning under IFRS, which management uses to further evaluate the Company&#8217;s results of operations in each reporting period. Operating margin is calculated as net cash generated from operations excluding the change in non-cash operating working capital and income taxes paid.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Cash generated from operations, excluding working capital changes and income taxes paid, is intended to provide additional information only and does not have any standardized definition under IFRS; it should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate this measure differently.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CASH GENERATED FROM OPERATIONS, EXCLUDING WORKING CAPITAL CHANGES AND INCOME TAXES PAID RECONCILIATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="black">
<td valign="top" width="42%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" colspan="4" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Three months ended March 31</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" valign="middle" width="42%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(in millions of U.S. dollars, except where noted)</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Net cash generated from operations</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;58.5</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;36.7</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Add back: Change in non-cash operating working capital</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;12.9</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;16.3</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Add back: Income taxes paid</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;9.7</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;29.4</font></div>
</td>
</tr><tr>
<td align="left" colspan="3" valign="top" width="62%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Cash generated from operations, excluding working capital changes and income taxes paid</font></div>
</td>
<td align="right" valign="bottom" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;81.1</font></div>
</td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;82.4</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Operating Margin</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8220;Operating margin&#8221; is a financial measure with no standard meaning under IFRS, which management uses to further evaluate the Company&#8217;s results of operations in each reporting period. Operating margin is calculated as revenues less operating expenses and therefore does not include depreciation and depletion.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Operating margin is intended to provide additional information only and does not have any standardized definition under IFRS; it should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate this measure differently.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">OPERATING MARGIN RECONCILIATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="black">
<td valign="top" width="42%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" colspan="4" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Three months ended March 31</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" valign="middle" width="42%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(in millions of U.S. dollars, except where noted)</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Revenues</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;201.8</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;168.8</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Less: Operating expenses</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(106.1)</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(72.3)</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Operating margin</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;95.7</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;96.5</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Average Realized Price and Average Realized Margin</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8220;Average realized price&#8221; and &#8220;average realized margin per ounce of gold sold&#8221; are financial measures with no standard meaning under IFRS. Management uses these measures to better understand the price realized in each reporting period for gold, silver, and copper sales. Average realized price excludes from revenues unrealized gains and losses on non-hedged derivative contracts.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Average realized margin represents average realized price per ounce less total cash costs per ounce.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">25</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Average realized price and average realized margin are intended to provide additional information only and do not have any standardized definition under IFRS; they should not be considered in isolation or as substitutes for measures of performance prepared in accordance with IFRS. Other companies may calculate these measures differently.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">AVERAGE REALIZED PRICE AND AVERAGE REALIZED MARGIN RECONCILIATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="black">
<td valign="top" width="42%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" colspan="4" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Three months ended March 31</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" valign="middle" width="42%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(in millions of U.S. dollars, except where noted)</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Revenues from gold sales</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">142.2</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">147.5</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ounces of gold sold</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;95,181</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;93,676</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Average realized price per ounce of gold sold</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1,494</font></div>
</td>
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1,575</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Less: Cash costs per ounce of gold sold</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(485)</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(543)</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Average realized margin per ounce of gold sold</font></div>
</td>
<td valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="10%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1,009</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1,032</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">ENTERPRISE RISK MANAGEMENT</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Readers of this MD&amp;A should give careful consideration to the information included or incorporated by reference in this document and the Company&#8217;s unaudited consolidated financial statements and related notes. Significant risk factors for the Company are metal prices, government regulations, foreign operations, environmental compliance, the ability to obtain additional financing, risk relating to recent acquisitions, dependence on management, title to the Company&#8217;s mineral properties, and litigation. For details of risk factors, please refer to the 2012 year-end audited consolidated financial statements and our latest Annual Information Form, dated March 27, 2013 and filed on SEDAR at www.sedar.com.</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">GENERAL RISKS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Environmental Risk</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company is and will be subject to environmental regulation in Canada, Mexico, the United States and Australia where it operates, as well as in Canada and Chile where it has development properties. In addition, the Company will be subject to environmental regulation in any other jurisdictions in which the Company may operate or have development properties. These regulations mandate, among other things, the maintenance of air and water quality standards, land use standards and land reclamation. They also set out limitations on the generation, transportation, storage and disposal of solid, liquid and hazardous waste.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Environmental legislation is evolving in a manner which will require, in certain jurisdictions, stricter standards and enforcement, increased fines and penalties for non-compliance, more stringent environmental assessments of proposed projects and a heightened degree of responsibility for companies and their officers, directors and employees. No certainty exists that future changes in environmental regulation, if any, will not adversely affect the Company&#8217;s operations or development properties. Environmental hazards may exist on the Company&#8217;s properties which are unknown to management at present and which have been caused by previous owners or operators of the properties.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Failure by the Company to comply with applicable laws, regulations and permitting requirements may result in enforcement actions, including orders issued by regulatory or judicial authorities causing operations to cease or be curtailed, and may include corrective measures requiring capital expenditures, installation of additional equipment, or remedial actions. The Company may be required to compensate those suffering loss or damage by reason of its mining operations or its exploration or development of mineral properties and may have civil or criminal fines or penalties imposed for violations of applicable laws or regulations.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">FINANCIAL RISK MANAGEMENT</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company holds a mixture of financial instruments, which are classified and measured as follows. For a discussion of the methods used to value financial instruments, as well as any significant assumptions, refer to Note 2 to our audited consolidated financial statements for the year ended December 31, 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">26</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="black">
<td valign="bottom" width="42%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" colspan="3" valign="bottom" width="33%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">As at March 31, 2013</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" valign="bottom" width="42%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(in millions of U.S. dollars)</font></div>
</td>
<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Loans and </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">receivables </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">at amortized </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">cost</font></div>
</td>
<td valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Designated </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">as Fair Value </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Through </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Profit &amp; Loss</font></div>
</td>
<td valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Available for </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">sale at fair </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">value</font></div>
</td>
<td valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Financial </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">liabilities </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">at amortized </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">cost</font></div>
</td>
<td align="right" valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Financial assets</font></div>
</td>
<td valign="top" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Cash and cash equivalents</font></div>
</td>
<td valign="top" width="13%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">672.4</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">672.4</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Trade and other receivables</font></div>
</td>
<td valign="top" width="13%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; 21.2</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">21.2</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Copper swap contracts</font></div>
</td>
<td valign="top" width="13%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.2</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2.2</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Investments</font></div>
</td>
<td valign="top" width="13%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.7</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0.7</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Financial liabilities</font></div>
</td>
<td valign="top" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Trade and other payables</font></div>
</td>
<td valign="top" width="13%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; 57.3</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">57.3</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Long-term debt</font></div>
</td>
<td valign="top" width="13%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">854.3</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">854.3</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Gold contracts</font></div>
</td>
<td valign="top" width="13%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">88.4</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">88.4</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Warrants</font></div>
</td>
<td valign="top" width="13%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">56.2</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">56.2</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Share award units</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; 5.3</font></div>
</td>
<td valign="top" width="11%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">5.3</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="#000000">
<td align="left" valign="bottom" width="42%"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="13%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="11%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td valign="bottom" width="11%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></td>
<td colspan="2" valign="bottom" width="23%" style="TEXT-ALIGN: right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">As at December 31, 2013&#160;</font></td>
</tr><tr bgcolor="#b3995d">
<td align="left" valign="bottom" width="42%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(in millions of U.S. dollars)</font></div>
</td>
<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Loans and </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">receivables </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">at amortized </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">cost</font></div>
</td>
<td valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Designated </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">as Fair Value </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Through </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Profit &amp; Loss</font></div>
</td>
<td valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Available for </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">sale at fair </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">value</font></div>
</td>
<td valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Financial </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">liabilities </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">at amortized </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">cost</font></div>
</td>
<td align="right" valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Financial assets</font></div>
</td>
<td valign="top" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="12%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Cash and cash equivalents</font></div>
</td>
<td valign="top" width="13%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">687.8</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">687.8</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Trade and other receivables</font></div>
</td>
<td valign="top" width="13%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;46.9</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">46.9</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Investments</font></div>
</td>
<td valign="top" width="13%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.0</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1.0</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Financial liabilities</font></div>
</td>
<td valign="top" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="12%" bgcolor="#f2f2f2"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Trade and other payables</font></div>
</td>
<td valign="top" width="13%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">120.7</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">120.7</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Long-term debt</font></div>
</td>
<td valign="top" width="13%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">847.8</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">847.8</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Gold contracts</font></div>
</td>
<td valign="top" width="13%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">110.5</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">110.5</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Copper swap contracts</font></div>
</td>
<td valign="top" width="13%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; &#160;0.9</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0.9</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Warrants</font></div>
</td>
<td valign="top" width="13%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; 80.3</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">80.3</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;Share award units</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160; 4.0</font></div>
</td>
<td valign="top" width="11%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="11%" style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="12%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">4.0</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company examines the various financial instrument risks to which it is exposed and assesses the impact and likelihood of those risks. These risks may include credit risk, liquidity risk, market risk and other price risks. Where material, these risks are reviewed and monitored by the Board of Directors.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Credit Risk</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Credit risk is the risk of an unexpected loss if a party to its financial instrument fails to meet its contractual obligations. The Company&#8217;s financial assets are primarily composed of cash and cash equivalents, investments and trade and other receivables. Credit risk is primarily associated with trade and other receivables and investments; however, it also arises on cash and cash equivalents. To mitigate exposure to credit risk, the Company has established policies to limit the concentration of credit risk, to ensure counterparties demonstrate minimum acceptable credit worthiness, and to ensure liquidity of available funds.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company closely monitors its financial assets and does not have any significant concentration of credit risk. The Company sells its gold exclusively to large international organizations with strong credit ratings. The historical level of customer defaults is minimal and, as a result, the credit risk associated with gold and copper concentrate trade receivables at December 31, 2012 is not considered to be high.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company&#8217;s maximum exposure to credit risk at March 31, 2013 and December 31, 2012 is as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="black">
<td valign="middle" width="57%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">March 31</font></div>
</td>
<td align="right" valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">December 31</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" valign="middle" width="57%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(in millions of U.S. dollars)</font></div>
</td>
<td align="right" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="57%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cash and cash equivalents</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;672.4</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;687.8</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="57%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Trade receivables</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;23.4</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;46.9</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="57%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Reclamation deposits</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="57%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total financial instruments subject to credit risk</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;695.8</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;734.7</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">27</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The aging of accounts receivable at March 31, 2013 and December 31, 2012 is as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="black">
<td align="left" valign="middle" width="23%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">March 31</font></div>
</td>
<td align="right" valign="top" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">December 31</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" valign="bottom" width="23%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(in millions of U.S. dollars)</font></div>
</td>
<td align="right" valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0-30</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">days</font></div>
</td>
<td align="right" valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">31-60 </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">days</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">61-90 </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">days</font></div>
</td>
<td align="right" valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">91-120 </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">days</font></div>
</td>
<td align="right" valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Over 120 </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">days</font></div>
</td>
<td align="right" valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total</font></div>
</td>
<td align="right" valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="23%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mesquite</font></div>
</td>
<td align="right" valign="top" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.4</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;0.4</font></div>
</td>
<td align="right" valign="top" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.9</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="23%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cerro San Pedro</font></div>
</td>
<td align="right" valign="top" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3.1</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.2</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.0</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;7.3</font></div>
</td>
<td align="right" valign="top" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4.7</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="23%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Peak Mines</font></div>
</td>
<td align="right" valign="top" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;6.5</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;6.5</font></div>
</td>
<td align="right" valign="top" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;5.5</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="23%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">New Afton</font></div>
</td>
<td align="right" valign="top" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.1</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.5</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.6</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;7.2</font></div>
</td>
<td align="right" valign="top" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;21.5</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="23%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Blackwater</font></div>
</td>
<td align="right" valign="top" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.0</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1.0</font></div>
</td>
<td align="right" valign="top" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;13.1</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Corporate</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.0</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1.0</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.2</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="23%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total trade receivables</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;14.1</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;2.5</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;2.2</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;2.6</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;2.0</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;23.4</font></div>
</td>
<td align="right" valign="top" width="11%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;46.9</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A significant portion of the Company&#8217;s cash and cash equivalents is held in large Canadian financial institutions. Short-term investments (including those presented as part of cash and cash equivalents) are composed of financial instruments issued by approved banks with high investment-grade ratings and the governments of Canada and the U.S.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company employs a restrictive investment policy as detailed in the capital risk management section, which is described in Note 18 to our audited consolidated financial statements for the year ended December 31, 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company sells its copper concentrate production from New Afton to four different customers under off-take contracts. The Company sells its copper concentrate production from Peak Mines to one customer under an off-take contract. While there are alternative customers in the market, loss of this customer or unexpected termination of the off-take contract could have a material adverse effect on the Company&#8217;s results of operations, financial condition and cash flows.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company is not economically dependent on a limited number of customers for the sale of its gold because gold can be sold through numerous commodity market traders worldwide.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Liquidity risk</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company manages liquidity risk through the management of its capital structure and financial leverage, as outlined in Note 18 to our audited consolidated financial statements for the year ended December 31, 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following are the contractual maturities of debt commitments.&#160;&#160;The amounts presented represent the future undiscounted principal and interest cash flows, and therefore, do not equate to the carrying amounts on the consolidated statements of financial position.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="black">
<td align="right" valign="middle" width="34%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="10%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">March 31</font></div>
</td>
<td align="right" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">December 31</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" rowspan="2" valign="bottom" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(in millions of U.S. dollars)</font></div>
</td>
<td align="right" rowspan="2" valign="bottom" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Less than </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1 year</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: 4px; TEXT-ALIGN: right">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2-3</font></div>
</td>
<td align="right" rowspan="2" valign="bottom" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4-5</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">years</font></div>
</td>
<td align="right" rowspan="2" valign="bottom" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">After 5 </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">years</font></div>
</td>
<td align="right" rowspan="2" valign="bottom" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total</font></div>
</td>
<td align="right" rowspan="2" valign="bottom" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="right" valign="top" width="10%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;years</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Trade and other payables</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;111.8</font></div>
</td>
<td align="right" valign="top" width="10%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;111.8</font></div>
</td>
<td align="right" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;120.7</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Long-term debt</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="10%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;800.0</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;800.0</font></div>
</td>
<td align="right" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;800.0</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Interest payable on long-term debt</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;52.3</font></div>
</td>
<td align="right" valign="top" width="10%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;104.5</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;104.5</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;208.8</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;470.1</font></div>
</td>
<td align="right" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;470.1</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gold contracts</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;57.3</font></div>
</td>
<td align="right" valign="top" width="10%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;35.6</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;92.9</font></div>
</td>
<td align="right" valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;116.7</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="34%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Copper swap contracts</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.9</font></div>
</td>
</tr><tr>
<td valign="top" width="34%" style="BORDER-BOTTOM: black 4px double"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;221.4</font></div>
</td>
<td align="right" valign="top" width="10%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;140.1</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;104.5</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1,008.8</font></div>
</td>
<td align="right" valign="top" width="11%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;1,474.8</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,508.4</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Taking into consideration the Company&#8217;s current cash position, volatile equity markets, global uncertainty in the capital markets and increasing cost pressures, the Company is continuing to review expenditures in order to ensure adequate liquidity and flexibility to support its growth strategy while maintaining production levels at its current operations. A period of continuous low gold and copper prices may necessitate the deferral of capital expenditures which may impact production from mining operations. These statements are based on the current financial position of the Company and are subject to change if any acquisitions or external growth opportunities are realized.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Currency Risk</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company operates in Canada, Mexico, the United States, Australia and Chile. As a result, the Company has foreign currency exposure with respect to items not denominated in U.S. dollars. The three main types of foreign exchange risk for the Company can be categorized as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">i. Transaction exposure</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company&#8217;s operations sell commodities and incur costs in different currencies. This creates exposure at the operational level, which may affect the Company&#8217;s profitability as exchange rates fluctuate. The Company has not hedged its exposure to currency fluctuations.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">28</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ii. Exposure to currency risk</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company is exposed to currency risk through the following assets and liabilities denominated in currencies other than the U.S. dollar: cash and cash equivalents; investments; accounts receivable; reclamation deposits; accounts payable and accruals; reclamation and closure cost obligations; and long-term debt. The currencies of the Company&#8217;s financial instruments and other foreign currency denominated liabilities, based on notional amounts, were as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="black">
<td align="right" colspan="5" valign="middle" width="83%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">As at March 31, 2013</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" valign="middle" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(in millions of U.S. dollars)</font></div>
</td>
<td align="right" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Canadian dollar</font></div>
</td>
<td align="right" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Australian dollar</font></div>
</td>
<td align="right" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mexican peso</font></div>
</td>
<td align="right" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Chilean peso</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="31%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cash and cash equivalents</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;25.3</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4.5</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.5</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="31%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Trade and other receivables</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;10.0</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.4</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;7.3</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="31%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Trade and other payables</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(60.2)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(18.6)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(14.9)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="31%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Reclamation and closure cost obligations</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(17.3)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(20.5)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(19.1)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="31%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Warrants</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(56.2)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Share award units</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(5.3)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="31%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Gross balance exposure</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(103.7)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(33.2)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(26.2)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="black">
<td align="right" colspan="5" valign="middle" width="83%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">As at December 31, 2012</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" valign="middle" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(in millions of U.S. dollars)</font></div>
</td>
<td align="right" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Canadian dollar</font></div>
</td>
<td align="right" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Australian dollar</font></div>
</td>
<td align="right" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mexican peso</font></div>
</td>
<td align="right" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Chilean peso</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="31%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Cash and cash equivalents</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;19.6</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;10.2</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.3</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="31%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Trade and other receivables</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;35.9</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.1</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4.7</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="31%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Trade and other payables</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(70.8)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(18.4)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(16.3)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="31%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Reclamation and closure cost obligations</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(17.9)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(21.4)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(18.4)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="31%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Warrants</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(80.3)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Share award units</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(4.0)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="31%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Gross balance exposure</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(117.5)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(27.5)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(29.7)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">iii. Translation exposure</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company&#8217;s functional and reporting currency is U.S. dollars. The Company&#8217;s operations translate their operating results from the host currency to U.S. dollars. Therefore, exchange rate movements in the Canadian dollar, Mexican peso, Australian dollar and Chilean peso can have a significant impact on the Company&#8217;s consolidated operating results. A 10% strengthening (weakening) of the U.S. dollar against the following currencies would have decreased (increased) the Company&#8217;s net loss from the financial instruments presented by the amounts shown below.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="black">
<td align="right" valign="middle" width="57%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">March 31</font></div>
</td>
<td align="right" valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">December 31</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" valign="middle" width="57%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(in millions of U.S. dollars)</font></div>
</td>
<td align="right" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="57%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Canadian dollar</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(10.4)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(11.8)</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="57%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Australian dollar</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(3.3)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(2.7)</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="57%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mexican peso</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(2.6)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(2.9)</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="57%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Chilean peso</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;-</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="57%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total translation risk exposure</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;(16.3)</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(17.4)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Interest Rate Risk</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Interest rate risk is the risk that the fair value or the future cash flows of a financial instrument will fluctuate because of changes in market interest rates. All of the Company&#8217;s outstanding debt obligations are fixed; therefore, there is no exposure to changes in market interest rates. The Facility interest rate is variable; however, the Facility is undrawn as at March 31, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company is exposed to interest rate risk on its short-term investments which are included in cash and cash equivalents. The short-term investment interest earned is based on prevailing market interest rates which may fluctuate. A 1.0% change in the interest rate would result in an annual difference of approximately $7.0 million in interest earned by the Company. The Company has not entered into any derivative contracts to manage this risk. Where possible and depending on market conditions, the Company follows the policy of issuing fixed interest rate debt to avoid future fluctuations in its debt service costs.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Price Risk</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company&#8217;s earnings and cash flows are subject to price risk due to fluctuations in the market price of gold, silver and copper. World gold prices have historically fluctuated widely and are affected by numerous factors beyond our control, including:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td valign="top" width="84%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the strength of the U.S. economy and the economies of other industrialized and developing nations</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td valign="top" width="84%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">global or regional political or economic crises</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td valign="top" width="84%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the relative strength of the U.S. dollar and other currencies</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td valign="top" width="84%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">expectations with respect to the rate of inflation</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">29</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td valign="top" width="84%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">interest rates</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td valign="top" width="84%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">purchases and sales of gold by central banks and other holders</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td valign="top" width="84%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">demand for jewelry containing gold</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td valign="top" width="84%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">investment activity, including speculation, in gold as a commodity</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company acquired gold contracts which mitigate the effects of price changes. The Company designated these contracts as an accounting cash flow hedge effective July 1, 2009 as described in Note 10 (a) to our audited consolidated financial statements. At&#160;&#160;March 31, 2013, the Company had remaining gold forward sales contracts for 115,500 ounces of gold at a price of $801 per ounce at a remaining commitment of 5,500 ounces per month, for 21 months.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the three months ended March 31, 2013, the Company&#8217;s revenues and cash flows were impacted by gold prices in the range of $1,574 to $1,694 per ounce, and by copper prices in the range of $3.42 to $3.74 per pound. There is a time lag between the shipment of gold and copper and final pricing, and changes in pricing can significantly impact the Company&#8217;s revenue and working capital position. As at March 31, 2013, working capital includes unpriced gold and copper concentrate receivables totalling 38,785 ounces of gold and 30.7 million pounds of copper. A $100 change in gold price per ounce would have an impact of $3.9 million on the Company&#8217;s working capital. A $0.10 change in copper price per pound would have an impact of $3.1 million on the Company&#8217;s working capital position.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company is also subject to price risk for fluctuations in the cost of energy, principally electricity and purchased petroleum products. The Company&#8217;s production costs are also affected by the prices of commodities it consumes or uses in its operations, such as lime, reagents and explosives. The prices of such commodities are influenced by supply and demand trends affecting the mining industry in general and other factors outside the Company&#8217;s control. The Company has no fuel hedge contracts at this time.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company is also subject to price risk for changes in the Company&#8217;s common stock price per share. The Company has implemented, as part of its long-term incentive plan, a share award unit plan that the Company is required to satisfy in cash upon vesting. The amount of cash the Company will be required to expend is dependent upon the price per common share at the time of vesting. The Company considers this plan a financial liability and is required to fair value the outstanding liability with the resulting changes included in compensation expense each period.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">An increase in gold, copper and silver prices would increase the Company&#8217;s net earnings whereas an increase in fuel or share unit award prices would decrease the Company&#8217;s net earnings. A 10% change in commodity prices would impact the Company&#8217;s net earnings before taxes and other comprehensive income before taxes as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="black">
<td align="right" colspan="5" valign="middle" width="83%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Three months ended March 31</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td valign="middle" width="31%"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2013</font></div>
</td>
<td align="right" valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td align="right" valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
</tr><tr bgcolor="#b3995d">
<td align="left" valign="bottom" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font color="white" style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(in millions of U.S. dollars)</font></div>
</td>
<td align="right" valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Net earnings</font></div>
</td>
<td align="right" valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Comprehensive </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Income</font></div>
</td>
<td align="right" valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Net earnings</font></div>
</td>
<td align="right" valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Other </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Comprehensive </font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font color="white" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Income</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="31%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gold price</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;14.2</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;17.7</font></div>
</td>
<td align="right" valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;62.4</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;28.0</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="31%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Silver price</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;5.5</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;6.3</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="31%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Copper price</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.1</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;6.6</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="31%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Fuel price</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.7</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1.2</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="31%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Warrants</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;5.6</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;15.4</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="31%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Conversion option on convertible debt</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2.2</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Share aware units</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.5</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0.4</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="31%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total price risk exposure</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;28.6</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#f2f2f2" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;17.7</font></div>
</td>
<td align="right" valign="top" width="13%" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;94.5</font></div>
</td>
<td align="right" valign="top" width="13%" bgcolor="#ffffff" style="BORDER-BOTTOM: black 4px double">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;28.0</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">CRITICAL ACCOUNTING POLICIES, ESTIMATES AND ACCOUNTING CHANGES</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The preparation of the Company&#8217;s consolidated financial statements in conformity with IFRS requires the Company&#8217;s management to make judgments, estimates and assumptions about the future events that affect the amounts reported in the consolidated financial statements and related notes to the financial statements. Estimates and assumptions are continually evaluated and are based on management&#8217;s experience and other facts and circumstances. Revisions to estimates and the resulting effects on the carrying amounts of the Company&#8217;s assets and liabilities are accounted for prospectively.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The areas which require management to make significant judgments, estimates and assumptions in determining carrying values include, but are not limited to:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">30</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CRITICAL JUDGMENTS IN THE APPLICATION OF ACCOUNTING POLICIES</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(i) Commencement of commercial production</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Prior to the period when a mine has reached management&#8217;s intended operating levels, costs incurred as part of the development of the related mining property are capitalized and any mineral sales during the commissioning period are offset against the costs capitalized. The Company defines the commencement of commercial production as the date that a mine has achieved a consistent level of production. Depletion of capitalized costs for mining properties begins when operating levels intended by management have been reached.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">There are a number of factors the Company considers when determining if conditions exist for the commencement of commercial production of an operating mine. Management examines the following when making that judgment:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font></div>
</td>
<td valign="top" width="83%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">All major capital expenditures to bring the mine to the condition necessary for it to be capable of operating in the manner intended by management have been completed;</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font></div>
</td>
<td valign="top" width="83%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The completion of a reasonable period of testing of the mine plant and equipment;</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font></div>
</td>
<td valign="top" width="83%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The mine or mill has reached a pre-determined percentage of design capacity; and</font></div>
</td>
</tr><tr>
<td valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font></div>
</td>
<td valign="top" width="83%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The ability to sustain ongoing production of ore.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td>
<div align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The list is not exhaustive and each specific circumstance is taken into account before making the decision.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Effective July 31, 2012, management determined that New Afton reached the commercial production levels. The Company defines the point where a development project becomes an operating mine as 60% average mill capacity for a consecutive 30-day period. Upon declaring commercial production at New Afton, the Company transferred the capitalized cost of the mineral property from non-depletable assets to depletable assets, and began depleting the assets on a unit of production method. The Company ceased capitalization of interest to the mine as it was no longer a qualifying asset.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In September 2012, the Company recorded the first concentrate sale of the mine. A portion of the sale related to material produced prior to commercial production and was recorded as a credit to the cost of the project.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(ii) Functional currency</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The functional currency for each of the Company&#8217;s subsidiaries and equity investments is the currency of the primary economic environment in which the entity operates. The Company has determined the functional currency of each entity as the U.S. dollar. Determination of the functional currency may involve certain judgments to determine the primary economic environment and the Company reconsiders the functional currency of its entities if there is a change in events and conditions which determines the primary economic environment.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As of July 31, 2012 the Company applied the change in functional currency to New Afton and to Blackwater on a prospective basis. The Company translated all items into the new functional currency using the exchange rate as at July 31, 2012. The resulting translated amounts for non-monetary items are treated as their historical cost. Exchange differences arising from the translation of a foreign operation previously recognized in other comprehensive income are not reclassified from equity to net earnings until the disposal of the operation.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Afton</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company re-assessed the functional currency at New Afton, as the mine commenced commercial production and moved from a development project to an operating mine on July 31, 2012. The Company defines commercial production as reaching an average of 60% mill capacity for a consecutive 30-day period. New Afton began earning revenue which is denominated in U.S. dollars. The change in circumstance required the Company to change the functional currency of the mine from the Canadian dollar to the U.S. dollar.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Blackwater</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company re-assessed the functional currency of Blackwater. Blackwater is funded from the net earnings of the Company&#8217;s operating mines which are denominated in U.S. dollars, and was amalgamated with Corporate on January 1, 2012 which has a U.S. dollar functional currency as well. The Company changed the functional currency at Blackwater to U.S. dollars, as financing will be denominated in such.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(iii) Determination of economic viability</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Management has determined that exploratory drilling, evaluation, development and related costs incurred on Blackwater have future economic benefits and are economically recoverable. In making this judgment, management has assessed various criteria including but not limited to the geologic and metallurgic information, history of conversion of mineral deposits to proven and probable mineral reserves, scoping and feasibility studies, proximity of operating facilities, operating management expertise, existing permits and life of mine plans.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">31</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(iv) Carrying value of assets and impairment charges</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In determining whether the impairment of the carrying value of an asset is necessary, management first determines whether there are external or internal indicators that would signal the need to test for impairment. These indicators consist of but are not limited to the prolonged significant decline in commodity prices, unfavourable changes to the legal environment in which the entity operates and evidence of long term reduced production of the asset. If an impairment indicator is identified, the Company compares the carrying value of the asset against the higher of the recoverable amount or fair value less cost to sell. These determinations and their individual assumptions require that management make a decision based on the best available information at each reporting period. During the year ended December 31, 2012, the Company identified no indicators that led to additional impairment analysis.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(v) Determination of Cash Generating Unit (&#8220;CGU&#8221;)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In determining a CGU, management had to examine the smallest identifiable group of assets that generates cash inflows that are largely independent on cash inflows from other assets or groups of assets. The Company has determined that each mine site and development project qualifies as an individual CGU. Each of these assets generates cash inflows that are independent of the other assets and therefore qualifies as an individual asset for impairment testing purposes.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">KEY SOURCES OF ESTIMATION UNCERTAINTY IN THE APPLICATION OF ACCOUNTING POLICIES</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(i) Revenue recognition</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Revenue from sales of concentrate is recorded when the rights and rewards of ownership pass to the buyer. Variations between the prices set in the contracts and final settlement prices may be caused by changes in the market prices and result in an embedded derivative in the accounts receivable. The embedded derivative is recorded at fair value each reporting period until final settlement occurs, with changes in the fair value being recorded as revenue. For changes in metal quantities upon receipt of new information and assays, the provisional sales quantities are adjusted as well.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(ii) Inventory valuation</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Management values inventory at the average production costs or net realizable value (&#8220;NRV&#8221;). Average production costs include expenditures incurred and depreciation and depletion of assets used in mining and processing activities that are deferred and accumulated as the cost of ore in stockpiles, ore on leach pad, work-in-process and finished metals inventories. The allocation of costs to ore in stockpiles, ore on leach pads and in-process inventories and the determination of NRV involve the use of estimates. Costs are removed from the leach pad based on the average cost per recoverable ounce of gold on the leach pad as gold is recovered. Estimates of recoverable gold on the leach pads are calculated from the quantities of ore placed on the pads, the grade of ore placed on the leach pads and an estimated percentage of recovery. Timing and ultimate recovery of gold contained on leach pads can vary significantly from the estimates.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(iii) Mineral Reserves</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The figures for Mineral Reserves and Mineral Resources are determined in accordance with National Instrument 43-101, &#8220;Standards of Disclosure for Mineral Projects&#8221;, issued by the Canadian Securities Administrators. There are numerous estimates in determining the Mineral Reserves and estimates. Such estimation is a subjective process, and the accuracy of any Mineral Reserve or Resource estimate is a function of the quantity and quality of available data and of the assumptions made and judgments used in engineering and geological interpretation. Differences between management&#8217;s assumptions including economic assumptions such as metal prices and market conditions could have a material effect in the future on the Company&#8217;s financial position and results of operations.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(iv) Estimated recoverable ounces</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The carrying amounts of the Company&#8217;s mining properties are depleted based on recoverable ounces. Changes to estimates of recoverable ounces and depletable costs including changes resulting from revisions to the Company&#8217;s mine plans and changes in metal price forecasts can result in a change to future depletion rates.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">(<font style="DISPLAY: inline; FONT-WEIGHT: bold">v) Deferred income taxes</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In assessing the probability of realizing income tax assets recognized, management makes estimates related to expectations of future taxable income, applicable tax planning opportunities, expected timing of reversals of existing temporary differences and the likelihood that tax positions taken will be sustained upon examination by applicable tax authorities. In making its assessments, management gives additional weight to positive and negative evidence that can be objectively verified. Estimates of future taxable income are based on forecasted cash flows from operations and the application of existing tax laws in each jurisdiction. Forecasted cash flows from operations are based on life of mine projections internally developed and reviewed by management. The Company considers tax planning opportunities that are within the Company&#8217;s control, are feasible and implementable without significant obstacles. Examination by applicable tax authorities is supported based on individual facts and circumstances of the relevant tax position examined in light of all available evidence. Where applicable tax laws and</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">32</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">regulations are either unclear or subject to ongoing varying interpretations, it is reasonably possible that changes in these estimates can occur that materially affect the amounts of income tax asset recognized. At the end of each reporting period, the Company reassesses unrecognized income tax assets.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(vi) Reclamation and closure cost obligations</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company&#8217;s provision for reclamation and closure cost obligations represents management&#8217;s best estimate of the present value of the future cash outflows required to settle the liability which reflects estimates of future costs, inflation, movements in foreign exchange rates and assumptions of risks associated with the future cash outflows, and the applicable risk-free interest rates for discounting the future cash outflows. Changes in the above factors can result in a change to the provision recognized by the Company. At December 31, 2012, the carrying amount of the Company&#8217;s provision for reclamation and closure cost obligations was $71.8 million (2011 - $55.0 million).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ACCOUNTING STANDARDS AND RECENT ACCOUNTING PRONOUNCEMENTS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Accounting standards effective January 1, 2013</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Consolidation</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In May 2011, the IASB issued IFRS 10 &#8211; <font style="FONT-STYLE: italic; DISPLAY: inline">Consolidated Financial Statements</font> (&#8220;IFRS 10&#8221;), which supersedes Standing Interpretations Committee standards (&#8220;SIC&#8221;) 12 and the requirements relating to consolidated financial statements in IAS 27 &#8211; <font style="FONT-STYLE: italic; DISPLAY: inline">Consolidated and Separate Financial Statements</font> (&#8220;IAS 27&#8221;). IFRS 10 is effective for annual periods beginning on or after January 1, 2013, with earlier application permitted under certain circumstances. IFRS 10 establishes control as the basis for an investor to consolidate its investees; it defines control as an investor&#8217;s power over an investee with exposure, or rights, to variable returns from the investee and the ability to affect the investor&#8217;s returns through its power over the investee. In addition, the IASB issued IFRS 12 &#8211; <font style="FONT-STYLE: italic; DISPLAY: inline">Disclosure of Interests in Other Entities</font> (&#8220;IFRS 12&#8221;), which combines and enhances the disclosure requirements for the Company&#8217;s subsidiaries, joint arrangements, associates and unconsolidated structured entities. The requirements of IFRS 12 include reporting on the nature of risks associated with the Company&#8217;s interests in other entities, and the effects of those interests on the Company&#8217;s consolidated financial statements. Concurrently with the issuance of IFRS 10, IAS 27 and IAS 28 &#8211; <font style="FONT-STYLE: italic; DISPLAY: inline">Investments in Associates</font> (&#8220;IAS 28&#8221;) were revised and reissued as IAS 27 &#8211; <font style="FONT-STYLE: italic; DISPLAY: inline">Separate Financial Statements</font> and IAS 28 &#8211; <font style="FONT-STYLE: italic; DISPLAY: inline">Investments in Associates and Joint Ventures</font> to align with the new consolidation guidance. The Company has evaluated the above standards and determined that they do not have a material impact on the consolidated financial statements.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Joint arrangements</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In May 2011, the IASB issued IFRS 11 &#8211; <font style="FONT-STYLE: italic; DISPLAY: inline">Joint Arrangements</font> (&#8220;IFRS 11&#8221;), which supersedes IAS 31 &#8211; <font style="FONT-STYLE: italic; DISPLAY: inline">Interests in Joint Ventures</font> and SIC 13 &#8211; <font style="FONT-STYLE: italic; DISPLAY: inline">Jointly Controlled Entities &#8211; Non-Monetary Contributions by Venturers</font>. IFRS 11 is effective for annual periods beginning on or after January 1, 2013, with earlier application permitted under certain circumstances. Under IFRS 11, joint arrangements are classified as joint operations or joint ventures based on the rights and obligations of the parties to the joint arrangements. A joint operation is a joint arrangement whereby the parties that have joint control of the arrangement (&#8220;joint operators&#8221;) have rights to the assets, and obligations for the liabilities, relating to the arrangement. A joint venture is a joint arrangement whereby the parties that have joint control of the arrangement (&#8220;joint venturers&#8221;) have rights to the net assets of the arrangement. IFRS 11 requires that a joint operator recognize its portion of assets, liabilities, revenues and expenses of a joint arrangement, while a joint venturer recognizes its investment in a joint arrangement using the equity method. The Company has evaluated IFRS 11 and determined that it does not have a material impact on the consolidated financial statements.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Fair value measurement</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In May 2011, as a result of the convergence project undertaken by the IASB and the U.S. Financial Accounting Standards Board, to develop common requirements for measuring fair value and for disclosing information about fair value measurements, the IASB issued IFRS 13 &#8211; <font style="FONT-STYLE: italic; DISPLAY: inline">Fair Value Measurement</font> (&#8220;IFRS 13&#8221;). IFRS 13 is effective for annual periods beginning on or after January 1, 2013, with earlier application permitted. IFRS 13 defines fair value and sets out a single framework for measuring fair value which is applicable to all IFRS that require or permit fair value measurements or disclosures about fair value measurements. IFRS 13 requires that when using a valuation technique to measure fair value, the use of relevant observable inputs should be maximized while unobservable inputs should be minimized. The Company has evaluated IFRS 13 and determined that it does not have a material impact on the consolidated financial statements.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">33</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Financial statement presentation</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In June 2011, the IASB issued amendments to IAS 1 &#8211; <font style="FONT-STYLE: italic; DISPLAY: inline">Presentation of Financial Statements</font> (&#8220;IAS 1&#8221;) that require an entity to group items presented in the Statement of Comprehensive Income on the basis of whether they may be reclassified to earnings subsequent to initial recognition. For those items presented before taxes, the amendments to IAS 1 also require that the taxes related to the two separate groups be presented separately. The amendments are effective for annual periods beginning on or after July 1, 2012, with earlier adoption permitted. The Company has evaluated the amendments to IAS 1 and determined that they do not have a material impact on the consolidated financial statements.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Stripping costs in the production phase of a mine</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In October 2011, the IASB issued IFRIC 20 &#8211; <font style="FONT-STYLE: italic; DISPLAY: inline">Stripping Costs in the Production Phase of a Mine</font> (&#8220;IFRIC 20&#8221;). IFRIC 20 clarifies the requirements for accounting for the costs of stripping activity in the production phase when two benefits accrue: (i) usable ore that can be used to produce inventory and (ii) improved access to further quantities of material that will be mined in future periods. IFRIC 20 is effective for annual periods beginning on or after January 1, 2013 with earlier application permitted and includes guidance on transition for pre-existing stripping assets. The Company has evaluated IFRIC 20 and the implementation of the standard is consistent with current practice.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Accounting standards anticipated to be effective January 1, 2015</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Financial instruments</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The IASB intends to replace IAS 39 &#8211; <font style="FONT-STYLE: italic; DISPLAY: inline">Financial Instruments: Recognition and Measurement</font> (&#8220;IAS 39&#8221;) in its entirety with IFRS 9 &#8211; <font style="FONT-STYLE: italic; DISPLAY: inline">Financial Instruments</font> (&#8220;IFRS 9&#8221;) in three main phases. IFRS 9 will be the new standard for the financial reporting of financial instruments that is principles-based and less complex than IAS 39. In November 2009 and October 2010, phase 1 of IFRS 9 was issued and amended, respectively, which addressed the classification and measurement of financial assets and financial liabilities. IFRS 9 requires that all financial assets be classified and subsequently measured at amortized cost or at fair value based on the Company&#8217;s business model for managing financial assets and the contractual cash flow characteristics of the financial assets. Financial liabilities are classified as subsequently measured at amortized cost except for financial liabilities classified as at FVTPL, financial guarantees and certain other exceptions. On July 22, 2011, the IASB agreed to defer the mandatory effective date of IFRS 9 from annual periods beginning on or after January 1, 2013 (with earlier application permitted) to annual periods beginning on or after January 1, 2015 (with earlier application still permitted). The IASB proposed the deferral of IFRS 9 in an exposure draft with a 60-day comment period which ended on October 21, 2011. The Company is currently evaluating the impact the final standard is expected to have on its consolidated financial statements.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">CONTROLS AND PROCEDURES</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">DISCLOSURE CONTROLS AND PROCEDURES</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company&#8217;s management, with the participation of and under the supervision of its Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of the Company&#8217;s disclosure controls and procedures. Based on that evaluation, the Company&#8217;s Chief Executive Officer and Chief Financial Officer have concluded that, as of the end of the period covered by this MD&amp;A, the Company&#8217;s disclosure controls and procedures were effective to provide reasonable assurance that the information required to be disclosed by the Company in reports it files is recorded, processed, summarized and reported, within the appropriate time periods.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">MANAGEMENT&#8217;S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company&#8217;s management, including the Chief Executive Officer and the Chief Financial Officer, is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting is a process designed by, or under the supervision of, the Company&#8217;s principal executive and principal financial officers and effected by the Company&#8217;s Board of Directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. The Company&#8217;s internal control over financial reporting includes those policies and procedures that:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td valign="top" width="95%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company;</font></div>
</td>
</tr><tr>
<td valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td valign="top" width="95%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and</font></div>
</td>
</tr><tr>
<td valign="top" width="5%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td valign="top" width="95%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Provide reasonable assurance regarding prevention or timely detections of unauthorized acquisition, use or disposition of the Company&#8217;s assets that could have a material effect on the financial statements.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">34</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company&#8217;s management, including its Chief Executive Officer and Chief Financial Officer, believes that any internal controls and procedures for financial reporting, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Furthermore, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, they cannot provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been prevented and/or detected. These inherent limitations include the realities that judgments in decision-making can be faulty and breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by unauthorized override control. The design of any system of controls is also based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Accordingly, because of the inherent limitations in a cost effective control system, misstatements due to error or fraud may occur and not be detected.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company&#8217;s management, under the supervision of the Chief Executive Officer and the Chief Financial Officer, assessed the effectiveness of the Company&#8217;s internal control over financial reporting as at March 31, 2013. In making this assessment, it used the criteria set forth in the Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Based on our assessment, management has concluded that, as at March 31, 2013, the Company&#8217;s internal control over financial reporting is effective based on those criteria.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company&#8217;s internal control over financial reporting as at December 31, 2012 has been audited by Deloitte LLP, Independent Registered Chartered Accountants who also audited the Company&#8217;s Consolidated Financial Statements for the year ended December 31, 2012. Deloitte LLP as stated in their report that immediately precedes the Company&#8217;s audited consolidated financial statements for the year ended December 31, 2012, expressed an unqualified opinion on the effectiveness of the Company&#8217;s internal control over financial reporting.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CHANGES IN INTERAL CONTROL OVER FINANCIAL REPORTING</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">There has been no change in the Company&#8217;s design of internal controls and procedures over financial reporting that has materially affected, or is reasonably likely to materially affect, the Company&#8217;s internal control over financial reporting during the period covered by this MD&amp;A.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<hr style="COLOR: #804000" align="left" noshade size="2" width="100%">
</div>

<br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">CAUTIONARY NOTES</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CAUTIONARY NOTE TO U.S. READERS CONCERNING ESTIMATES OF MEASURED, INDICATED AND INFERRED MINERAL RESOURCES</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Information concerning the properties and operations of New Gold has been prepared in accordance with Canadian standards under applicable Canadian securities laws, and may not be comparable to similar information for United States companies. The terms &#8220;Mineral Resource&#8221;, &#8220;Measured Mineral Resource&#8221;, &#8220;Indicated Mineral Resource&#8221; and &#8220;Inferred Mineral Resource&#8221; used in this MD&amp;A are Canadian mining terms as defined in accordance with National Instrument 43-101 (&#8220;NI 43-101&#8221;) under guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (&#8220;CIM&#8221;) Standards on Mineral Resources and Mineral Reserves adopted by the CIM Council on December 11, 2005. While the terms &#8220;Mineral Resource&#8221;, &#8220;Measured Mineral Resource&#8221;, &#8220;Indicated Mineral Resource&#8221; and &#8220;Inferred Mineral Resource&#8221; are recognized and required by Canadian regulations, they are not defined terms under standards of the United States Securities and Exchange Commission. Under United States standards, mineralization may not be classified as a &#8220;Reserve&#8221; unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the Reserve calculation is made. As such, certain information contained in this MD&amp;A concerning descriptions of mineralization and resources under Canadian standards is not comparable to similar information made public by United States companies subject to the reporting and disclosure requirements of the United States Securities and Exchange Commission. An &#8220;Inferred Mineral Resource&#8221; has a great amount of uncertainty as to its existence and as to its economic and legal feasibility. It cannot be assumed that all or any part of an &#8220;Inferred Mineral Resource&#8221; will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other pre-feasibility studies. Readers are cautioned not to assume that all or any part of Measured or Indicated Resources will ever be converted into Mineral Reserves. Readers are also cautioned not to assume that all or any part of an &#8220;Inferred Mineral Resource&#8221; exists, or is economically or legally mineable. In addition, the definitions of &#8220;Proven Mineral Reserves&#8221; and &#8220;Probable Mineral Reserves&#8221; under CIM standards differ in certain respects from the standards of the United States Securities and Exchange Commission.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always">
<div style="TEXT-ALIGN: right; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">35</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Certain information contained in this MD&amp;A, including any information relating to New Gold&#8217;s future financial or operating performance may be deemed &#8220;forward looking&#8221;. All statements in this MD&amp;A, other than statements of historical fact, that address events or developments that New Gold expects to occur are &#8220;forward-looking statements&#8221;. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the use of forward-looking terminology such as &#8220;plans&#8221;, &#8220;expects&#8221;, &#8220;is expected&#8221;, &#8220;budget&#8221;, &#8220;scheduled&#8221;, &#8220;estimates&#8221;, &#8220;forecasts&#8221;, &#8220;intends&#8221;, &#8220;anticipates&#8221;, &#8220;projects&#8221;, &#8220;potential&#8221;, &#8220;believes&#8221; or variations of such words and phrases or statements that certain actions, events or results &#8220;may&#8221;, &#8220;could&#8221;, &#8220;would&#8221;, &#8220;should&#8221;, &#8220;might&#8221; or &#8220;will be taken&#8221;, &#8220;occur&#8221; or &#8220;be achieved&#8221; or the negative connotation. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond New Gold&#8217;s ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Such factors include, without limitation: significant capital requirements; fluctuations in the international currency markets and in the rates of exchange of the currencies of Canada, the United States, Australia, Mexico and Chile; price volatility in the spot and forward markets for commodities; impact of any hedging activities, including margin limits and margin calls; discrepancies between actual and estimated production, between actual and estimated Reserves and Resources and between actual and estimated metallurgical recoveries; changes in national and local government legislation in Canada, the United States, Australia, Mexico and Chile or any other country in which New Gold currently or may in the future carry on business; taxation; controls, regulations and political or economic developments in the countries in which New Gold does or may carry on business; the speculative nature of mineral exploration and development, including the risks of obtaining and maintaining the validity and enforceability of the necessary licenses and permits and complying with the permitting requirements of each jurisdiction in which New Gold operates, including, but not limited to: in Canada,&#160;&#160;obtaining the necessary permits for Blackwater; in Mexico; where Cerro San Pedro has a history of ongoing legal challenges related to our EIS; and Chile, where the courts have temporarily suspended the approval of the environmental permit for El Morro; the lack of certainty with respect to foreign legal systems, which may not be immune from the influence of political pressure, corruption or other factors that are inconsistent with the rule of law; the uncertainties inherent to current and future legal challenges New Gold is or may become a party to; diminishing quantities or grades of Reserves; competition; loss of key employees; additional funding requirements; actual results of current exploration or reclamation activities; uncertainties inherent to economic studies in respect of the PEA for Blackwater changes in project parameters as plans continue to be refined; accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental events and hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance or inability to obtain insurance to cover these risks) as well as &#8220;Risk Factors&#8221; included in New Gold&#8217;s disclosure documents filed on and available at www.sedar.com. Forward-looking statements are not guarantees of future performance, and actual results and future events could materially differ from those anticipated in such statements. All of the forward-looking statements contained in this MD&amp;A are qualified by these cautionary statements. New Gold expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">TECHNICAL INFORMATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The scientific and technical information contained in this MD&amp;A has been reviewed and approved by Mark Petersen, a Qualified Person under NI 43-101 and an officer of New Gold.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This note regarding the PEA on Blackwater is in addition to cautionary language already included in this MD&amp;A as required under NI 43-101. This MD&amp;A includes information on Blackwater, which was outlined in the PEA Technical Report filed on October 10, 2012.&#160;&#160;New Gold has, since the date of the PEA, completed non-material updates of the mineral resource estimate for Blackwater. Although the PEA represents useful, accurate and reliable information based on the information available at the time of its publication, and provides an important indicator as to the economic potential of Blackwater, the PEA is based on Mineral Resources estimates with an effective date of July 27, 2012, which do not reflect drilling conducted since their effective date, and the PEA does not reflect the latest Mineral Resource estimate discussed in this MD&amp;A. Certain assumptions used in the PEA, some of which relate to the July 27, 2012 Mineral Resource estimate, may have changed from those used for the new Resource estimate, causing a variation of parametres.&#160;&#160;Moreover, the updated Mineral Resource estimate may impact how New Gold intends to develop the deposit, including pit outlines, production rates and mine life.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The estimates of Mineral Reserves and Mineral Resources discussed in this MD&amp;A may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing and other relevant issues. In addition to our February 5, 2013 and April 4, 2013 news releases, further details regarding Mineral Reserve and Resource estimates, classification and reporting parametres for each of New Gold's mineral properties are provided in the respective NI 43-101 Technical Reports, which are available at www.sedar.com.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>
</div>
</div>

<div>&#160;</div>

<div>&#160;</div>

<div style="TEXT-ALIGN: right">36</div>

<div>&#160;</div>

<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
<hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.6
<SEQUENCE>21
<FILENAME>a13-14720_1ex4d6.htm
<DESCRIPTION>EX-4.6
<TEXT>
<html>
<head>

    <!--Licensed to: New Gold Inc.-->
    <!--Document Created using EDGARizer 2020 5.4.4.0-->
    <!--Copyright 1995 - 2013 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
<hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
</div>

<div style="TEXT-ALIGN: right">Exhibit 4.6</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><img src="infocirc-cover.jpg" alt=""></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><img src="newgoldlogo-tm.jpg" alt=""></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">MANAGEMENT INFORMATION CIRCULAR</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<hr style="COLOR: saddlebrown" align="left" noshade size="1" width="100%">
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Solicitation of Proxies</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">This management information circular (&#8220;Circular&#8221;) has been prepared for the holders of common shares (&#8220;shareholders&#8221;) of New Gold Inc. (&#8220;New Gold&#8221; or the &#8220;Company&#8221;) in connection with the solicitation of proxies by the management of New Gold for use at New Gold&#8217;s Annual General Meeting of shareholders to be held on May 1, 2013 (&#8220;Meeting&#8221;). References in this Circular to the Meeting include any adjournment(s) or postponement(s).&#160;&#160;While it is expected that the solicitation will be made by mail, proxies may be solicited personally or by telephone by directors, officers and employees of New Gold.&#160;&#160;The Company will also be using the services of Kingsdale Shareholder Services Inc. to solicit proxies.&#160;&#160;Interested shareholders in North America may contact Kingsdale Shareholder Services Inc. at&#160;&#160;&#160;&#160;1-866-581-1477.&#160;&#160;All costs of this solicitation, anticipated to be C$32,500, will be borne by New Gold.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Notice and Access Process</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold has decided to use the notice and access model (&#8220;Notice and Access&#8221;) provided for under recent amendments to National Instrument 54-101 for the delivery of the Circular, financial statements for the year ended December 31, 2012 and Management&#8217;s Discussion and Analysis (collectively, the &#8220;Meeting Materials&#8221;) to shareholders for the Meeting. New Gold has adopted this alternative means of delivery in order to further its commitment to environmental sustainability and to reduce its printing and mailing costs.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Under Notice and Access, instead of receiving printed copies of the Meeting Materials, shareholders receive a notice (&#8220;Notice&#8221;) with information on the Meeting date, location and purpose, as well as information on how they may access the Meeting Materials electronically.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Shareholders with existing instructions on their account to receive printed materials and those shareholders with addresses outside of Canada and the United States will receive a printed copy of the Meeting Materials with the Notice.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As provided in the Notice, the Meeting will be held on Wednesday, May 1, 2013 at 4:00 pm (Eastern Daylight Time) at St. Andrew&#8217;s Club &amp; Conference Centre, 150 King Street West, 27th Floor, Toronto, Ontario, for the purposes described on pages 5 to 15 of this Circular, under the title - &#8220;Particulars of Matters to be Acted on at the Meeting&#8221;.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The record date for the Meeting is March 22, 2013.&#160;&#160;The record date is the date for determining the shareholders entitled to receive notice of, and to vote at, the Meeting and any adjournment.&#160;&#160;The deadline for receiving duly completed and executed forms of proxy or submitting your proxy by telephone or over the internet is by 4:00 pm (Eastern Daylight Time) on April 29, 2013, or no later than 48 hours (excluding Saturdays, Sundays and holidays) before the time of any adjourned or postponed Meeting.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">New Gold urges shareholders to review this Circular before voting.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Requesting Printed Meeting Materials</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Shareholders can request that printed copies of the Meeting Materials be sent to them by postal delivery at no cost to them up to one year from the date this Circular was filed on SEDAR. <font style="FONT-STYLE: italic; DISPLAY: inline; TEXT-DECORATION: underline">Registered shareholders</font> may make their request through New Gold&#8217;s website, www.newgold.com, or by calling 1-888-315-9715.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">1</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; TEXT-DECORATION: underline">Non-registered shareholders</font> may make their request online at www.ProxyVote.com or by telephone at 1-877-907-7643 by entering the 12-digit control number located on the voting instruction form and following the instructions provided. To receive the Meeting Materials in advance of the proxy deposit date and Meeting Date, New Gold must receive requests for printed copies at least five business days in advance of the proxy deposit date and time.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Effective Date</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Unless otherwise stated, the information contained in this Circular is as at March 21, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Currency</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All dollar amounts referenced, unless otherwise indicated, are expressed in United States dollars.&#160;&#160;Canadian dollars are referred to as &#8220;C$&#8221;.&#160;&#160;Unless otherwise stated, any United States dollar amounts which have been converted from Canadian dollars have been converted at an exchange rate of C$1.00 = US$1.0004 for 2012, C$1.00 = US$1.0117 for 2011 and C$1.00 = US$0.9709 for 2010, being the average noon rate quoted by the Bank of Canada for each respective year.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Voting Process &#8211; Registered Shareholders</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Appointment of Proxies</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The persons named in the form of proxy provided to registered shareholders with the Notice are officers and/or directors of New Gold.&#160;&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">A shareholder can appoint another person, who need not be a shareholder, to represent such shareholder at the Meeting by inserting such person&#8217;s name in the blank space provided in the form of proxy or by completing another proper form of proxy.</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A shareholder appointing a proxy holder may indicate the manner in which the appointed proxy holder can vote with respect to any specific item by checking the space opposite the item on the proxy.&#160;&#160;If the shareholder giving the proxy wishes to confer a discretionary authority with respect to any item of business, then the space opposite the item should be left blank.&#160;&#160;The common shares represented by the proxy submitted by a shareholder will be voted or withheld from voting in accordance with the directions, if any, given in the proxy.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Voting common shares</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Registered shareholders at the close of business on March 22, 2013 may vote in person at the Meeting or by proxy as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 114px">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">By telephone:</font></font></div>
</td>
<td width="1771">
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Call the toll free number indicated on the proxy form and follow the instructions.&#160;&#160;If you choose the telephone, you cannot appoint any person other than the officers named on the form of proxy as your proxy holder.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 114px">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-WEIGHT: bold">On the internet:</font></font></div>
</td>
<td width="1771">
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Go to the website indicated on the proxy form and follow the instructions on the screen.&#160;&#160;If you return your proxy via the internet, you can appoint another person, who need not be a shareholder, to represent you at the Meeting by inserting such person&#8217;s name in the blank space provided on the form of proxy.&#160;&#160;Complete your voting instructions and date and submit the form.&#160;&#160;Make sure that the person you appoint is aware that he or she has been appointed, and attends the Meeting.</font></div>
</td>
</tr></table>
</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">&#160;</div>

<div>
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="6%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">By mail:</font></div>
</td>
<td align="left" valign="top" width="94%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Complete the form of proxy and return it in the envelope provided.&#160;&#160;If you return your proxy by mail, you can appoint another person, who need not be a shareholder, to represent you at the Meeting by inserting such person&#8217;s name in the blank space provided in the form of proxy.&#160;&#160;Complete your voting instructions and date and sign the form.&#160;&#160;Make sure that the person you appoint is aware that he or she has been appointed, and attends the Meeting.</font></div>
</td>
</tr></table>

<br>
</div>
</div>

<div>
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Deadline for receipt of proxies</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">The deadline for receiving duly completed and executed forms of proxy or submitting your proxy by telephone or over the internet is by 4:00 pm (Eastern Daylight Time) on April 29, 2013, or no later than 48 hours (excluding Saturdays, Sundays and holidays) before the time of any adjourned or postponed Meeting.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Revocation of Proxies</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A proxy submitted under this solicitation may be revoked by written notice, signed by the shareholder or by the shareholder&#8217;s attorney authorized in writing (or, if the shareholder is a corporation, by a duly authorized officer or attorney), and deposited either:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(i)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="97%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">at the registered office of New Gold (New Gold Inc., Suite 1800, Two Bentall Centre, 555 Burrard Street, Vancouver, British Columbia, V7X 1M9, Attention: Corporate Secretary) at any time up to and including the last business day before the day of the Meeting; or</font></div>
</td>
</tr><tr>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="97%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(ii)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="97%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">with the Chairman of the Meeting on the day of the Meeting or, if adjourned, any reconvening or in any other manner permitted by law.</font></div>
</td>
</tr></table>
</div>

<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><br>
A revocation of a proxy does not affect any matter on which a vote has been taken before the revocation.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Exercise of Discretion by Proxies</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The persons named in the form of proxy will vote the common shares in respect of which they are appointed in accordance with the direction of the shareholders appointing them.&#160;&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">In the absence of such direction, the relevant common shares will be voted in favour of the passing of all the resolutions described below.</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">The form of proxy confers discretionary authority on the persons named in the proxy with respect to amendments or variations to matters identified in the Notice and with respect to other matters which may properly come before the Meeting.</font>&#160;&#160;At the time of printing of this Circular, management knows of no such amendments, variations or other matters to come before the Meeting.&#160;&#160;However, if any such amendments, variations or other matters which are not now known to management should properly come before the Meeting, the proxy will be voted on such matters in accordance with the best judgment of the named proxies.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Voting Process &#8211; Non-Registered Shareholders</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Only registered shareholders of New Gold or the persons they appoint as their proxies are permitted to vote at the Meeting.&#160;&#160;Most shareholders of New Gold are &#8220;non-registered&#8221; shareholders (&#8220;Non-Registered Shareholders&#8221;) because the common shares they own are not registered in their names but are instead registered in the name of the brokerage firm, bank or trust company through which they purchased the common shares.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Common shares beneficially owned by a Non-Registered Shareholder are registered either:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(i)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="97%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">in the name of an intermediary (&#8220;Intermediary&#8221;) that the Non-Registered Shareholder deals with in respect of the common shares of New Gold (Intermediaries include, amongst others, banks, trust companies, securities dealers or brokers, and trustees or administrators of self-administered RRSPs, RRIFs, RESPs and similar plans); or</font></div>
</td>
</tr><tr>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="97%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(ii)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="97%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">in the name of a clearing agency (such as CDS Clearing and Depository Services Inc. or The Depository Trust &amp; Clearing Corporation) of which the Intermediary is a participant.</font></div>
</td>
</tr></table>
</div>

<br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In accordance with applicable securities law requirements, New Gold has distributed copies of the Notice and the form of proxy (which includes a place to request copies of the Circular and annual and/or interim financial statements and Management&#8217;s Discussion and Analysis (&#8220;MD&amp;A&#8221;) or to waive the receipt of the Circular or annual and/or interim financial statements and MD&amp;A) to the clearing agencies and Intermediaries for distribution to Non-Registered Shareholders.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Intermediaries are required to forward the Notice and, if applicable, the Meeting Materials to Non-Registered Shareholders unless a Non-Registered Shareholder has waived the right to receive them.&#160;&#160;Intermediaries often use service companies to forward the Notice and any Meeting Materials to Non-Registered Shareholders. Generally, Non-Registered Shareholders who have not waived the right to receive the Notice and any Meeting Materials will either:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(i)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="97%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">be given a voting instruction form which is not signed by the Intermediary and which, when properly completed and signed by the Non-Registered Shareholder and returned to the Intermediary or its service company, will constitute voting instructions (often called a &#8220;voting instruction form&#8221;) which the Intermediary must follow.&#160;&#160;Typically, the voting instruction form will consist of a one page pre-printed form; or</font></div>
</td>
</tr><tr>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="97%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="FONT-WEIGHT: normal">(ii)</font>&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="97%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">be given a form of proxy <font style="DISPLAY: inline; FONT-WEIGHT: bold">which has already been signed by the Intermediary</font> (typically by a facsimile, stamped signature), which is restricted as to the number of common shares beneficially owned by the Non-Registered Shareholder but which is otherwise not completed by the Intermediary.&#160;&#160;Because the Intermediary has already signed the form of proxy, this form of proxy is not required to be signed by the Non-Registered Shareholder when submitting the proxy<font style="DISPLAY: inline; FONT-WEIGHT: bold">.&#160;&#160;In this case, the Non-Registered Shareholder who wishes to submit a proxy should carefully follow the instructions of their Intermediary, including those regarding when and where the completed proxy or voting instruction form is to be delivered.</font></font></div>
</td>
</tr></table>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In either case, the purpose of these procedures is to permit Non-Registered Shareholders to direct the voting of the common shares of New Gold that they beneficially own.&#160;&#160;Should a Non-Registered Shareholder who receives one of the above forms wish to vote at the Meeting in person (or have another person attend and vote on behalf of the Non-Registered Shareholder), the Non-Registered Shareholder should strike out the names of the persons listed in the form of proxy and insert the Non-Registered Shareholder or such other person&#8217;s name in the blank space provided.&#160;&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold">In either case, Non-Registered Shareholders should carefully follow the instructions of their Intermediary, including those regarding when and where the proxy or voting instruction form is to be delivered.</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A Non-Registered Shareholder may revoke a voting instruction form or a waiver of the right to receive the Notice and any Meeting Materials and to vote, which has been given to an Intermediary, by written notice to the Intermediary at any time up to seven days before the Meeting.&#160;&#160;An Intermediary is not required to act on a revocation of a voting instruction form or of a waiver of the right to receive the Notice and any Meeting Materials and to vote which is not received by the Intermediary at least seven days before the Meeting.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Voting Securities and Principal Shareholders</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As at the date of this Circular, 476,801,223 common shares in the capital of New Gold were issued and outstanding.&#160;&#160;Each common share entitles the holder to one vote on all matters to be acted on at the Meeting.&#160;&#160;The record date for the determination of shareholders entitled to receive notice of, and to vote at, the Meeting is March 22, 2013.&#160;&#160;Each registered shareholder on the record date will be entitled to vote at the Meeting or any adjournment.&#160;&#160;All such registered shareholders are entitled to attend and vote in person at the Meeting the common shares held by them or, provided a completed and executed proxy has been delivered to New Gold&#8217;s transfer agent within the time specified in the Notice, to attend and vote by proxy at the Meeting the common shares held by them.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">To the knowledge of the directors and executive officers of New Gold, as at the date of this Circular, no person or company, other than Van Eck Associates Corporation (&#8220;Van Eck&#8221;), beneficially owns, or controls or directs, directly or indirectly, voting securities carrying 10% or more of the voting rights attached to any class of voting securities of New Gold.&#160;&#160;According to public filings with United States Securities and Exchange Commission, as at the date of this Circular, Van Eck held 51,620,702 common shares of New Gold, which represents 10.8% of the common shares issued and outstanding.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">PARTICULARS OF MATTERS TO BE ACTED ON AT THE MEETING</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<hr style="COLOR: saddlebrown" align="left" noshade size="1" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="TEXT-ALIGN: left; WIDTH: 43px">
<div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1.&#160;&#160;</font></div>
</td>
<td width="1842">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Board Size Resolution</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company&#8217;s Articles require that the Board consist of the greater of three directors or the number set by ordinary resolution.&#160;&#160;At the Meeting, the eight persons named below will be proposed for election as directors of New Gold.&#160;&#160;New Gold is asking shareholders to set, by ordinary resolution, the number of directors of New Gold at eight.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Unless authority to do so is withheld, the persons named in the form of proxy intend to vote FOR setting the Board size to eight persons.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="TEXT-ALIGN: left; WIDTH: 42px">
<div style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2.&#160;&#160;</font></div>
</td>
<td width="1843">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Election of Directors</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">At the Meeting, the eight persons named in the table below will be proposed for election as directors of New Gold (&#8220;Nominees&#8221;).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Unless authority to do so is withheld, the persons named in the form of proxy intend to vote FOR the election of each of the Nominees.</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Management does not contemplate that any of the Nominees will be unable to serve as a director, but if that should occur for any reason before the Meeting, it is intended that discretionary authority shall be exercised by the persons named in the proxy to vote the proxy for the election of any other person or persons in place of any Nominee or Nominees unable to serve.&#160;&#160;Each director elected will hold office until the close of the first annual general meeting of shareholders of New Gold following his election or until his successor is duly elected or appointed, unless his office is earlier vacated in accordance with the Articles of New Gold.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The board of directors of New Gold (&#8220;Board&#8221;) has adopted a policy (&#8220;Majority Voting Policy&#8221;) stipulating that if the common shares voted in favour of the election of a Nominee at a shareholders&#8217; meeting represent less than a majority of the common shares voted and withheld, the Nominee will submit his resignation promptly after such meeting for the Corporate Governance and Nominating Committee&#8217;s consideration.&#160;&#160;After reviewing the matter, the Corporate Governance and Nominating Committee will make a recommendation to the Board, and the Board&#8217;s subsequent decision to accept or reject the resignation offer will be publicly disclosed.&#160;&#160;The Nominee will not participate in any Corporate Governance and Nominating Committee or Board deliberations regarding the resignation offer.&#160;&#160;The Majority Voting Policy does not apply in circumstances involving contested director elections.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table contains brief biographies for each of the Nominees, including their principal occupations, business or employment within the past five years, name, province or state and country of residence, independence status, age, principal occupation, date they first became a director of New Gold, areas of expertise and number of common shares, other securities and stock options beneficially owned by each Nominee.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The statement as to the common shares, other securities and stock options beneficially owned, directly or indirectly, or over which control or direction is exercised by the Nominees as at March 21, 2013 in each instance has been reviewed by the Nominee concerned.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">5</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="14%" style="TEXT-ALIGN: left; BORDER-TOP: black 0.5pt solid">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">THE HONOURABLE DAVID EMERSON</font></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block"><img src="emerson.jpg" alt=""></div>
</td>
<td align="left" colspan="5" valign="middle" width="72%" style="BORDER-TOP: black 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">David Emerson P.C., OBC is a Corporate Director, Public Policy Advisor and serves as a senior advisor to CAI Managers, a private equity fund. He has served as a minister in the Government of Canada including Minister of Foreign Affairs, Minister of International Trade and Minister of Industry. He has also held a number of senior positions in the public service in British Columbia. In the private sector, he was President and CEO of Canfor Corporation, President and CEO of the Vancouver International Airport Authority and Chairman and CEO of Canadian Western Bank. Mr. Emerson serves on the boards of directors of Finning International Inc., Stantec Inc. and is Chair of Maple Leaf Foods Inc.&#160;&#160;In addition, Mr. Emerson is Co-chair, Prime Minister&#8217;s Advisory Committee on the Public Service. Mr. Emerson is a recipient of the Order of British Columbia and the Peter Lougheed Award of Excellence in Public Policy.&#160;&#160;Mr. Emerson holds bachelors and masters degrees in economics from the University of Alberta and a doctorate in Economics from Queen&#8217;s University. Mr. Emerson&#8217;s principal occupation is as a corporate director and public policy advisor.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Areas of Expertise:&#160;&#160;Accounting &amp; Finance; Corporate Governance; Public Company Board; Management; Government Relations.</font></div>
</td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Common Shares and DSU Held</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">British Columbia, Canada</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Age: 67</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Date</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Common Shares</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">Held (#)</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">DSU Held (#)</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total Common Shares and DSU(#)</font></div>
</td>
<td valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">At-Risk Value of Common Shares and DSU ($)</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Director since:</font></div>
</td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 21, 2013</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5,000</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3,991</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8,991</font></div>
</td>
<td valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">86,305</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">July 1, 2012</font></div>
</td>
<td colspan="2" valign="middle" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Other Securities Held</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Options Held</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Date Granted</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Expiry Date</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exercise Price (C$)</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total Unexercised Options (#)</font></div>
</td>
<td valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">At-Risk Value of Unexercised Options ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(3)</font></font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">August 10, 2012</font></div>
</td>
<td align="left" valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">August 10, 2017</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10.34</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">20,300</font></div>
</td>
<td valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" colspan="4" valign="middle" width="56%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total At-Risk Value of Common Shares, DSU and Options</font></div>
</td>
<td valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">86,305</font></div>
</td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Voting Results<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(5)</font> :</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">N/A</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="30%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Board and Committee Membership 2012</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(6)</font></font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Attendance</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 13.7pt"></font>Other Public Board Memberships</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Board</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3 of 3</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 13.7pt"></font>Finning International Inc.</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Audit Committee</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2 of 2</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 13.7pt"></font>(since December 2008)</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Corporate Governance, Chair</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1 of 1</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Stantec Inc. (since July 2009)</font></div>
</td>
</tr><tr>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="29%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Maple Leaf Foods Inc. (since May 2012)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">6</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="14%" style="TEXT-ALIGN: left; BORDER-TOP: black 0.5pt solid">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">JAMES ESTEY</font></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><img src="estey.jpg" alt=""></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td align="left" colspan="5" valign="middle" width="72%" style="BORDER-TOP: black 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">James Estey is the retired Chairman of UBS Securities Canada Inc. and has over 30 years of experience in the financial markets. Mr. Estey joined Alfred Bunting and Company as an institutional equity salesperson in 1980 after working at A.E. Ames &amp; Co. for seven years. In 1994, Mr. Estey became the head of the Canadian Equities business, and in 2002 he was appointed President and Chief Executive Officer of UBS Securities Canada. In January 2008, Mr. Estey assumed the role of Chairman.&#160;&#160;He serves on the boards of Range Royalty Management Ltd. and Gibson Energy Inc.&#160;&#160;He also serves on the boards of The Estey Centre for Law and Economics in International Trade and St. Clements School and is on the Advisory Board of the Edwards School of Business.&#160; Mr. Estey&#8217;s principal occupation is as a Corporate Director.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Areas of Expertise:&#160;&#160;Accounting &amp; Finance; Corporate Governance; Public Company Board; Management.</font></div>
</td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Common Shares and DSU Held</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ontario, Canada</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Age: 60</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Date</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Common Shares</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Held (#)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">DSU Held (#)</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total Common Shares and DSU(#)</font></div>
</td>
<td valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">At-Risk Value of Common Shares and DSU ($)</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Director since:</font></div>
</td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 21, 2013</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">209,000</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">28,079</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">237,079</font></div>
</td>
<td valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,275,720</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">July 8, 2008</font></div>
</td>
<td colspan="2" valign="middle" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Other Securities Held</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
<td valign="middle" width="16%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">At-Risk Value ($)</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7% Senior Notes due 2020</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">250,000</font></div>
</td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Options Held</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Date Granted</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Expiry Date</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exercise Price (C$)</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total Unexercised Options (#)</font></div>
</td>
<td valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">At-Risk Value of Unexercised Options ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(3)</font></font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 10, 2012</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 10, 2017</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8.54</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">24,600</font></div>
</td>
<td valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;30,988</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 8, 2011</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 8, 2016</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.59</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">18,700</font></div>
</td>
<td valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4,383</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 11, 2010</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 11, 2015</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5.93</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">28,000</font></div>
</td>
<td valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;106,634</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2009</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2014</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.21</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">68,000</font></div>
</td>
<td valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4,017</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">July 8, 2008</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">July 7, 2013</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.84</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">34,450</font></div>
</td>
<td valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4,017</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" colspan="4" valign="middle" width="56%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total At-Risk Value of Common Shares, DSU and Options</font></div>
</td>
<td valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2,675,759</font></div>
</td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Voting Results</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(5)</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">:</font></font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Year</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">For</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Withheld</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">80.42%</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">19.58%</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">87.62%</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12.38%</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2010</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">99.83%</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.17%</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="30%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Board and Committee Membership 2012</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(6)</font></font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Attendance</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 13.7pt"></font>Other Public Board Memberships</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Board</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5 of 5</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 13.7pt"></font>Gibson Energy Inc. (since August 2011)</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Audit Committee, Chair</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4 of 4</font></div>
</td>
<td colspan="2" valign="middle" width="30%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Compensation Committee</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1 of 1</font></div>
</td>
<td colspan="2" valign="middle" width="30%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Corporate Governance</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1 of 1</font></div>
</td>
<td colspan="2" valign="middle" width="30%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">7</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="14%" style="TEXT-ALIGN: left; BORDER-TOP: black 0.5pt solid">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ROBERT GALLAGHER</font></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><img src="gallagher.jpg" alt=""></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td align="left" colspan="6" valign="top" width="72%" style="BORDER-TOP: black 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Robert Gallagher&#8217;s principal occupation is President and Chief Executive Officer of New Gold.&#160;&#160;Mr. Gallagher has worked in the mining industry for over 35 years and spent 15 years with Placer Dome Inc. and from August 2000 to December 2007 with Newmont Mining Corporation, most recently as Vice President, Operations, Asia Pacific.&#160;&#160;Before the June 2008 business combination of Peak Gold, Metallica and New Gold, Mr. Gallagher was the President and Chief Executive Officer of Peak Gold from February 2008.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Areas of Expertise:&#160;&#160;Mining Industry &amp; Operations; Accounting &amp; Finance; Health, Safety, Environment &amp; Risk Management; Public Company Board; Management; Government Relations and Legal.</font></div>
</td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Common Shares, RSU and PSU Held</font></div>
</td>
<td colspan="2" valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="15%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">British Columbia, Canada</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Age:&#160;&#160;62</font></div>
</td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Date</font></div>
</td>
<td valign="middle" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Common Shares</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Held (#)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="middle" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">RSU Held (#)</font></div>
</td>
<td valign="middle" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">PSU Held (#)</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total Common Shares and RSU/PSU(#)</font></div>
</td>
<td valign="middle" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">At-Risk Value of Common Shares and DSU ($)</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 21, 2013</font></div>
</td>
<td valign="middle" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">255,060</font></div>
</td>
<td valign="middle" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">83,334</font></div>
</td>
<td valign="middle" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">93,000</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">431,394</font></div>
</td>
<td valign="middle" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,140,949</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Director since:</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Other Securities Held</font></div>
</td>
<td colspan="2" valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="15%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 30, 2008</font></div>
</td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="15%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Options Held</font></div>
</td>
<td colspan="2" valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="15%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Non-Independent</font></div>
</td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Date Granted</font></div>
</td>
<td valign="middle" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Expiry Date</font></div>
</td>
<td colspan="2" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exercise Price (C$)</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total Unexercised Options (#)</font></div>
</td>
<td valign="middle" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">At-Risk Value of Unexercised Options ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(3)</font></font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February 13 , 2013<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(4)</font></font></div>
</td>
<td align="left" valign="middle" width="14%">
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February 13, 2018</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10.01</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">189,000</font></div>
</td>
<td valign="top" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -5.75pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February 10, 2012</font></div>
</td>
<td align="left" valign="middle" width="14%">
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February 10, 2017</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11.87</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">350,000</font></div>
</td>
<td valign="top" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 21.25pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;0</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 26, 2011</font></div>
</td>
<td align="left" valign="middle" width="14%">
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 26, 2018</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.67</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">400,000</font></div>
</td>
<td valign="top" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 21.25pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;843,696</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2009</font></div>
</td>
<td align="left" valign="middle" width="14%">
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2016</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.21</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">840,000</font></div>
</td>
<td valign="top" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5,430,121</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February 17, 2009</font></div>
</td>
<td align="left" valign="middle" width="14%">
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February 17, 2016</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.71</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">380,000</font></div>
</td>
<td valign="top" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,642,018</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">July 8, 2008</font></div>
</td>
<td align="left" valign="middle" width="14%">
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">July 7, 2013</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.84</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">230,000</font></div>
</td>
<td valign="top" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;446,944</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" colspan="5" valign="middle" width="57%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total At-Risk Value of Common Shares, RSU, PSU and Options</font></div>
</td>
<td valign="middle" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 16.75pt"></font>13,503,728</font></div>
</td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Voting Results</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(5)</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">:</font></font></div>
</td>
<td colspan="2" valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="15%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Year</font></div>
</td>
<td valign="middle" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">For</font></div>
</td>
<td colspan="2" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Withheld</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="15%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td align="left" valign="middle" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">92.54%</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.46%</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="15%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td align="left" valign="middle" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">97.20%</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.80%</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="15%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2010</font></div>
</td>
<td align="left" valign="middle" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">99.85%</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.15%</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="15%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Board and Committee Membership 2012</font></div>
</td>
<td colspan="2" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Attendance</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="28%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -1.25pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 16.75pt"></font>Other Public Board Memberships</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Board</font></div>
</td>
<td colspan="2" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5 of 5</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="28%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -1.25pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 16.75pt"></font>Southern Arc Minerals (since 2010)</font></div>
</td>
</tr><tr>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;</font></div>
</td>
<td colspan="2" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="top" width="28%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -1.25pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 16.75pt"></font>Dynasty Gold Corp. (since 2009)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">8</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="14%" style="BORDER-TOP: black 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">VAHAN KOLOLIAN</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><img src="kololian.jpg" alt=""></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td align="left" colspan="5" valign="middle" width="72%" style="BORDER-TOP: black 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vahan Kololian is the founder and Managing Partner of TerraNova Partners LP, which invests in the industrial, services and resource sectors. Mr. Kololian started his career in investment banking in 1980 with Burns Fry Limited (now BMO Nesbitt Burns). From 1990 to 2000, he was co-founder and President of Polar Capital Corporation and from 2002 to 2011, he was Chairman of KK Precision Inc., a private engineering and manufacturing company.&#160;&#160;Mr. Kololian also serves on the board of Manicouagan Minerals Inc., a public mineral exploration company.&#160;&#160;Mr. Kololian holds BA and LL.B. degrees.&#160;&#160;Mr. Kololian is also co-founder and Chairman of the Mosaic Institute, whose purpose is to bring together and promote dialogue among Canadians of differing ethnicities whose homelands are in conflict with one another. Mr. Kololian&#8217;s principal occupation is Managing Partner of TerraNova Partners LP.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Areas of Expertise:&#160;&#160;Accounting &amp; Finance; Health, Safety, Environment &amp; Risk Management; Corporate Governance; Public Company Board; Management; Legal.</font></div>
</td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Common Shares and DSU Held</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ontario, Canada</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Age:&#160;&#160;59</font></div>
</td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Date</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Common Shares</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">Held (#)</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">DSU Held (#)</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total Common Shares and DSU(#)</font></div>
</td>
<td valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">At-Risk Value of Common Shares and DSU ($)</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Director since:</font></div>
</td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 21, 2013</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,125,001</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10,098</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,135,099</font></div>
</td>
<td align="right" valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10,895,810</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 1, 2009</font></div>
</td>
<td colspan="2" valign="middle" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Other Securities Held</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="top" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Options Held</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Date Granted</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Expiry Date</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exercise Price (C$)</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total Unexercised Options (#)</font></div>
</td>
<td valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">At-Risk Value of Unexercised Options ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(3)</font></font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 10, 2012</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 10, 2017</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8.54</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">24,600</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">30,988</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 8, 2011</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 8, 2016</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.59</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">18,700</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,383</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 11, 2010</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 11, 2015</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5.93</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">28,000</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">106,634</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2009</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2014</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.21</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">68,000</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">439,581</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" colspan="4" valign="middle" width="55%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total At-Risk Value of Common Shares, DSU and Options</font></div>
</td>
<td align="right" valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,477,395</font></div>
</td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Voting Results</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(5)</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">:</font></font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Year</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">For</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Withheld</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">97.97%</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.03%</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">99.81%</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.19%</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2010</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">99.75%</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.25%</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="30%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Board and Committee Membership 2012</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(6)</font></font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Attendance</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 8.85pt"></font>Other Public Board Memberships</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Board</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5 of 5</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="30%">
<div style="TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 8.85pt"></font>Manicouagan&#160;&#160;Minerals Inc. (since 2001)</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Audit Committee</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2 of 2</font></div>
</td>
<td colspan="2" valign="middle" width="30%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Corporate Governance</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1 of 1</font></div>
</td>
<td colspan="2" valign="middle" width="30%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Compensation Committee, Chair</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2 of 2</font></div>
</td>
<td colspan="2" valign="middle" width="30%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">HSE&amp;CSR Committee</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2 of 2</font></div>
</td>
<td colspan="2" valign="middle" width="30%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">9</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="14%" style="BORDER-TOP: black 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">MARTYN</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;KONIG</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><img src="konig.jpg" alt=""></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td align="left" colspan="5" valign="middle" width="72%" style="BORDER-TOP: black 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Martyn Konig has over 30 years of experience in investment banking and the commodity markets as well as extensive experience in the natural resource sector. Mr. Konig&#8217;s principal occupation is Chief Investment Officer for T Wealth Management SA, the private family office for partners and senior management of the Trafigura Group.&#160;&#160;Mr. Konig was Executive Chairman and President of European Goldfields Limited until its acquisition by Eldorado Gold Corp. in February 2012 and was Chief Executive Officer of the Blackfish Capital Group from 2005 until August 2009. Mr. Konig was a main Board Director of NM Rothschild and Sons Ltd. for 15 years and held senior positions at Goldman Sachs and UBS. Mr. Konig is a Barrister and Fellow of the Chartered Institute of Bankers.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Areas of Expertise:&#160;&#160;Mining Industry and Operations, Accounting &amp; Finance; Health, Safety, Environment &amp; Risk Management; Corporate Governance; Public Company Board; Management; Legal.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Common Shares and DSU Held</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Jersey, British Isles</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Age:&#160;&#160;55</font></div>
</td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Date</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Common Shares</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">Held (#)</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">DSU Held (#)</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total Common Shares and DSU(#)</font></div>
</td>
<td valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">At-Risk Value of Common Shares and DSU ($)</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 21, 2013</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">150,000</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">22,743</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">172,743</font></div>
</td>
<td align="right" valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,658,159</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Director since:</font></div>
</td>
<td colspan="2" valign="middle" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 1, 2009</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Other Securities Held</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="top" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
<td colspan="2" valign="middle" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Options Held</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Date Granted</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Expiry Date</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exercise Price (C$)</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total Unexercised Options (#)</font></div>
</td>
<td valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">At-Risk Value of Unexercised Options ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(3)</font></font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 10, 2012</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 10, 2017</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8.54</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">24,600</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">30,988</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 8, 2011</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 8, 2016</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.59</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">18,700</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,383</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 11, 2010</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 11, 2015</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5.93</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">28,000</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">106,634</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2009</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2014</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.21</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">68,000</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">439,581</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" colspan="4" valign="middle" width="56%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total At-Risk Value of Common Shares, DSU and Options</font></div>
</td>
<td align="right" valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,239,745</font></div>
</td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Voting Results</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(5)</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">:</font></font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Year</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">For</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Withheld</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">95.68%</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.32%</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">99.14%</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.86%</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2010</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">99.85%</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.15%</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="30%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Board and Committee Membership 2012</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(6)</font></font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Attendance</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 23.05pt"></font>Other Public Board Memberships</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Board</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5 of 5</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 23.05pt"></font>N/A</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Audit Committee</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4 of 4</font></div>
</td>
<td colspan="2" valign="middle" width="30%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Compensation Committee, Chair</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3 of 3</font></div>
</td>
<td colspan="2" valign="middle" width="30%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">HSE&amp;CSR Committee</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1 of 1</font></div>
</td>
<td colspan="2" valign="middle" width="30%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">10</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="14%" style="BORDER-TOP: black 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">PIERRE LASSONDE</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><img src="lassonde.jpg" alt=""></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td align="left" colspan="5" valign="middle" width="72%" style="BORDER-TOP: black 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pierre Lassonde is the Chairman of Franco-Nevada Corporation. He formerly served as President of Newmont Mining Corporation from 2002 to 2006 and resigned as a director and Vice Chairman of Newmont effective as at November 30, 2007. Previously Mr. Lassonde served as a director and President (1982 to 2002) and Co-Chief Executive Officer (1999 to 2002) of Franco-Nevada Corporation.&#160;&#160;Mr. Lassonde&#8217;s principal occupation is Chairman of Franco-Nevada Corporation.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Areas of Expertise:&#160;&#160;&#160;Mining Industry and Operations, Accounting &amp; Finance; Corporate Governance; Risk Management; Public Company Board; Management.</font></div>
</td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Common Shares and DSU Held</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ontario, Canada</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Age:&#160;&#160;65</font></div>
</td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Date</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Common Shares</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">Held (#)</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">DSU Held (#)</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total Common Shares and DSU(#)</font></div>
</td>
<td valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">At-Risk Value of Common Shares and DSU ($)</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(</font><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">2)</font></font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Director since:</font></div>
</td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 21, 2013</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6,500,000</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9,930</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6,509,930</font></div>
</td>
<td valign="middle" width="17%" style="TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">62,488,786</font></font></div>
</div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 30, 2008</font></div>
</td>
<td colspan="2" valign="middle" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Other Securities Held</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">At-Risk Value ($)</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7% Senior Notes due 2020</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5,000,000</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Options Held</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Date Granted</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Expiry Date</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exercise Price (C$)</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total Unexercised Options (#)</font></div>
</td>
<td valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">At-Risk Value of Unexercised Options ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(3)</font></font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 10, 2012</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 10, 2017</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8.54</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">24,600</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">30,988</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 8, 2011</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 8, 2016</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.59</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">18,700</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,383</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 11, 2010</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 11, 2015</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5.93</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">28,000</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">106,634</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2009</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2014</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.21</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">68,000</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">439,581</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">July 8, 2008</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">July 8, 2013</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.84</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">34,450</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">66,944</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" colspan="4" valign="middle" width="56%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total At-Risk Value of Common Shares, DSU and Options</font></div>
</td>
<td align="right" valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">68,137,316</font></div>
</td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Voting Results</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(5)</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">:</font></font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Year</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">For</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Withheld</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">97.97%</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.03%</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">99.82%</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.18%</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2010</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">99.77%</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.23%</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="30%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Board and Committee Membership 2012</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(6)</font></font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Attendance</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 8.85pt"></font>Other Public Board Memberships</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Board</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5 of 5</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 8.85pt"></font>Franco-Nevada Corporation (since 2007)</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Compensation Committee</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3 of 3</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="30%">
<div style="TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 8.85pt"></font>Enghouse Systems Limited (since 2000)</font></div>
</td>
</tr><tr>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Corporate Governance</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2 of 2</font></div>
</td>
<td colspan="2" valign="middle" width="30%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">11</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="14%" style="BORDER-TOP: black 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">RANDALL OLIPHANT</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><img src="oliphant.jpg" alt=""></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td align="left" colspan="9" valign="middle" width="72%" style="BORDER-TOP: black 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Randall Oliphant&#8217;s principal occupation is Executive Chairman of New Gold.&#160;&#160;Mr. Oliphant is on the Advisory Board of Metalmark Capital LLC (formerly Morgan Stanley Capital Partners), and serves on the boards of WesternZagros Resources Ltd. and Franco-Nevada Corporation. Since 2003, Mr. Oliphant has served on the boards of a number of public and private companies and not-for-profit organizations. From 1999 to 2003, he was the President and Chief Executive Officer of Barrick Gold Corporation.&#160;&#160;From 2006 to 2009, he was Chairman of Western Goldfields Inc.&#160;&#160;Until the spring of 2011 he was also President and Chief Executive Officer of Silver Bear Resources Inc. of which he remains a director. Mr. Oliphant is a Chartered Accountant.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Areas of Expertise:&#160;&#160;Mining Industry and Operations, Accounting &amp; Finance; Corporate Governance; Risk Management; Public Company Board; Management.</font></div>
</td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="4" valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Common Shares and DSU Held</font></div>
</td>
<td colspan="3" valign="middle" width="15%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ontario, Canada</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Age:&#160;&#160;53</font></div>
</td>
<td valign="middle" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Date</font></div>
</td>
<td colspan="3" valign="middle" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Common Shares</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Held (#)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="middle" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">RSU Held (#)</font></div>
</td>
<td colspan="2" valign="middle" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">PSU Held (#)</font></div>
</td>
<td valign="middle" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total Common Shares and RSU/PSU(#)</font></div>
</td>
<td valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">At-Risk Value of Common Shares and DSU ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Director since:</font></div>
</td>
<td align="left" valign="middle" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 21, 2013</font></div>
</td>
<td colspan="3" valign="middle" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,570,855</font></div>
</td>
<td valign="middle" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100,000</font></div>
</td>
<td colspan="2" valign="middle" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">144,000</font></div>
</td>
<td valign="middle" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,814,855</font></div>
</td>
<td align="right" valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">46,217,769</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 1, 2009</font></div>
</td>
<td colspan="4" valign="middle" width="30%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="middle" width="15%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="4" valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Other Securities Held</font></div>
</td>
<td colspan="3" valign="middle" width="15%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Non-Independent</font></div>
</td>
<td align="left" valign="middle" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td colspan="3" valign="top" width="15%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="top" width="15%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="4" valign="middle" width="30%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="middle" width="15%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="4" valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Options Held</font></div>
</td>
<td colspan="3" valign="middle" width="15%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Date Granted</font></div>
</td>
<td colspan="2" valign="middle" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Expiry Date</font></div>
</td>
<td colspan="3" valign="middle" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exercise Price (C$)</font></div>
</td>
<td valign="middle" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total Unexercised Options (#)</font></div>
</td>
<td valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">At-Risk Value of Unexercised Options ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(3)</font></font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February 13 , 2013<font style="FONT-STYLE: italic; DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(4)</font></font></div>
</td>
<td align="left" colspan="2" valign="middle" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February 13, 2018</font></div>
</td>
<td align="left" colspan="3" valign="middle" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10.01</font></div>
</td>
<td align="left" valign="middle" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">290,000</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February 10, 2012</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February 10, 2017</font></div>
</td>
<td align="left" colspan="3" valign="middle" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11.87</font></div>
</td>
<td align="left" valign="middle" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">500,000</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 26, 2011</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 26, 2018</font></div>
</td>
<td align="left" colspan="3" valign="middle" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.67</font></div>
</td>
<td align="left" valign="middle" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">500,000</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,054,620</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2009</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2016</font></div>
</td>
<td align="left" colspan="3" valign="middle" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.21</font></div>
</td>
<td align="left" valign="middle" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,500,000</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9,696,645</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" colspan="8" valign="middle" width="56%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total At-Risk Value of Common Shares, RSU, PSU and Options</font></div>
</td>
<td align="right" valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">56,969,034</font></div>
</td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="middle" width="28%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="15%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="3" valign="middle" width="28%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Voting Results</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(5)</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">:</font></font></div>
</td>
<td colspan="3" valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="15%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Year</font></div>
</td>
<td colspan="2" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">For</font></div>
</td>
<td colspan="3" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Withheld</font></div>
</td>
<td colspan="2" valign="middle" width="15%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">92.40%</font></div>
</td>
<td align="left" colspan="3" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.60%</font></div>
</td>
<td colspan="2" valign="middle" width="15%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">97.14%</font></div>
</td>
<td align="left" colspan="3" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.86%</font></div>
</td>
<td colspan="2" valign="middle" width="15%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="15%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2010</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">96.28%</font></div>
</td>
<td align="left" colspan="3" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.72%</font></div>
</td>
<td colspan="2" valign="middle" width="15%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="middle" width="28%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="middle" width="31%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="3" valign="middle" width="28%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Board and Committee Membership 2012<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(6)</font></font></div>
</td>
<td colspan="3" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Attendance</font></div>
</td>
<td align="left" colspan="3" valign="middle" width="31%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 7.6pt"></font>Other Public Board Memberships</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="3" valign="middle" width="28%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Board</font></div>
</td>
<td colspan="3" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5 of 5</font></div>
</td>
<td align="left" colspan="3" valign="middle" width="31%">
<div style="TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 7.6pt"></font>Franco-Nevada Corporation (since 2007)</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="middle" width="28%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="3" valign="middle" width="31%">
<div style="TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 7.6pt"></font>WesternZagros Resources Ltd. (since 2007)</font></div>
</td>
</tr><tr>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="middle" width="28%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="3" valign="middle" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: -18pt; DISPLAY: block; MARGIN-LEFT: 18pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 7.6pt"></font>Silver Bear Resources Inc. (since 2004)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">12</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="14%" style="BORDER-TOP: black 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">RAYMOND THRELKELD</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><img src="threlkeld.jpg" alt=""></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td align="left" colspan="5" valign="middle" width="72%" style="BORDER-TOP: black 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Raymond Threlkeld has over 32 years of mineral industry experience.&#160;&#160;Mr. Threlkeld&#8217;s principal occupation is President and Chief Executive Officer of Rainy River Resources Ltd. From 2005 to 2009, Mr. Threlkeld was the Chief Operating Officer of Silver Bear Resources Inc.&#160;&#160;From 2006 to 2009, he was the President and Chief Executive Officer of Western Goldfields Inc. From 1996 to 2005 Mr. Threlkeld held various senior management positions in precious metal mine development with Barrick Gold Corporation and Coeur d&#8217;Alene Mines Corporation including the development of the Pierina Mine in Peru, the Bulyanhulu Mine in Tanzania and the Veladero Mine in Argentina. Mr. Threlkeld has had exploration acquisition success in the Western United States in addition to his management and project development experience.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Areas of Expertise:&#160;&#160;Mining Industry and Operations; Health, Safety, Environment &amp; Risk Management; Public Company Board; Management.</font></div>
</td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Common Shares and DSU Held</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">North Carolina, United States</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Age:&#160;&#160;66</font></div>
</td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Date</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Common Shares</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Held (#)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">DSU Held (#)</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total Common Shares and DSU(#)</font></div>
</td>
<td valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">At-Risk Value of Common Shares and DSU ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 21, 2013</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">121,159</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,965</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">126,124</font></div>
</td>
<td valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,210,664</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Director since:</font></div>
</td>
<td colspan="2" valign="middle" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 1, 2009</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Other Securities Held</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="top" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="14%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
<td colspan="2" valign="middle" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Options Held</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Date Granted</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Expiry Date</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Exercise Price (C$)</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total Unexercised Options (#)</font></div>
</td>
<td valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">At-Risk Value of Unexercised Options ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(3)</font></font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 10, 2012</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 10, 2017</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8.54</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">24,600</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">30,988</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 8, 2011</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 8, 2016</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.59</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">18,700</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,383</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 11, 2010</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 11, 2015</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5.93</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">28,000</font></div>
</td>
<td align="right" valign="top" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">106,634</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" colspan="4" valign="middle" width="56%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total At-Risk Value of Common Shares, DSU and Options</font></div>
</td>
<td align="right" valign="middle" width="17%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 25.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,352,668</font></div>
</td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Voting Results</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(5)</font><font style="DISPLAY: inline; FONT-WEIGHT: bold">:</font></font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Year</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">For</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Withheld</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">79.80%</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">20.20%</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">86.25%</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13.75%</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2010</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">99.78%</font></div>
</td>
<td align="left" valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.22%</font></div>
</td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="17%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="29%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="middle" width="30%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="middle" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Board and Committee Membership 2012</font><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(6)</font></font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Attendance</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 13.8pt"></font>Other Public Board Memberships</font></div>
</td>
</tr><tr>
<td valign="top" width="14%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Board</font></div>
</td>
<td valign="middle" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5 of 5</font></div>
</td>
<td align="left" colspan="2" valign="middle" width="30%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 13.8pt"></font>Rainy River Resources Ltd. (since 2009)</font></div>
</td>
</tr><tr>
<td valign="top" width="14%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="middle" width="29%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">HSE&amp;CSR Committee</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2 of 2</font></div>
</td>
<td colspan="2" valign="middle" width="30%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Notes:</font></div>

<div>&#160;</div>

<div>&#160;</div>

<div>
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(1)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Represents common shares beneficially owned by the respective directors, directly or indirectly, or over which control or direction is exercised as at March 21, 2013.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(2)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">At-risk value of common shares is calculated using the closing price of the Company&#8217;s common shares on the TSX on March 21, 2013 of C$9.83 and converted to United States dollars; at-risk value of DSU/Share Units is calculated using the closing price of the Company&#8217;s common shares on the TSX on March 21, 2013 of C$9.83, and converted to United States dollars.&#160;&#160;All values are converted at an exchange rate of C$1.00 = US$0.9765, being the noon rate quoted by the Bank of Canada on March 21, 2013.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(3)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Calculated using the closing price of the common shares on the TSX on March 21, 2013 of C$9.83 and subtracting the exercise price of in-the-money stock options, and converted to United States dollars at an exchange rate of C$1.00 = US$0.9765 being the noon rate quoted by the Bank of Canada on March 21, 2013.&#160;&#160;The value shown in this column does not represent the actual value the individual director could receive.&#160;&#160;The actual gain, if any, on exercise will depend on the value of the common shares on the date of exercise.</font></div>
</td>
</tr></table>
</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">13</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(4)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Includes options granted on February 13, 2013, for performance in 2012.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(5)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Annual voting results for last three years in which the director was nominated for appointment to the Board.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(6)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Attendance by each director at Board and Committee meetings is based on the number of meetings each director was eligible to attend during 2012.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Various changes were made to the membership of the Board&#8217;s standing committees effective May 2, 2012 when Mr. Craig Nelsen ceased to be a director of the Company after he did not stand for re-election at the Company&#8217;s Annual General and Special Meeting.&#160;&#160;Further, Mr. Emerson was appointed as a member of the Audit Committee and Chair of the Corporate Governance and Nominating Committee following his appointment as a director effective July 1, 2012.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Mr. Emerson was eligible to attend three Board meetings, two Audit Committee meetings and one Corporate Governance and Nominating Committee meeting during 2012.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Mr. Estey ceased to be a member of the Corporate Governance and Nominating Committee and was appointed as a member of the Compensation Committee, for which he was eligible to attend one meeting during 2012.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Mr. Kololian ceased to be a member of the Audit Committee and Compensation Committee and was appointed as a member of the Corporate Governance and Nominating Committee, for which he was eligible to attend one meeting during 2012.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Mr. Konig was appointed as a member of the Health, Safety, Environment and Corporate Social Responsibility Committee, for which he was eligible to attend one meeting during 2012.</font></div>
</td>
</tr></table>
</div>

<br>
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Cease Trade Orders or Bankruptcies</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As at the date of this Circular, no Nominee has, or has been within the past ten years, a director, chief executive officer or chief financial officer of any company (including New Gold) that:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(i)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">was subject to a cease trade order, an order similar to a cease trade order or an order that denied the relevant company access to any exemption under securities legislation, that was in effect for a period of more than 30 consecutive days (collectively, an &#8220;Order&#8221;), that was issued while the proposed director was acting in the capacity as director, chief executive officer or chief financial officer; or</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(ii)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">was subject to an Order that was issued after the proposed director ceased to be a director, chief executive officer or chief financial officer and which resulted from an event that occurred while that person was acting in the capacity as director, chief executive officer or chief financial officer.</font></div>
</td>
</tr></table>
</div>

<br>
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As at the date of this Circular, no Nominee:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(i)&#160;&#160;</font></div>
</td>
<td align="left" colspan="2" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">is, or has been within the past ten years, a director or executive officer of any company (including New Gold) that, while that person was acting in that capacity, or within a year of that person ceasing to act in that capacity, became bankrupt, made a proposal under any legislation relating to bankruptcy or insolvency or was subject to or instituted any proceedings, arrangement or compromise with creditors or had a receiver, receiver manager or trustee appointed to hold its assets, other than Mr. Kololian, who was a board member (but had previously resigned from the board) of a business services company that filed for voluntary bankruptcy on or about June 23, 2010;</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="96%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(ii)&#160;&#160;</font></div>
</td>
<td align="left" colspan="2" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">has, within the past ten years, become bankrupt, made a proposal under any legislation relating to bankruptcy or insolvency, or become subject to or instituted any proceedings, arrangement or compromise with creditors, or had a receiver, receiver manager or trustee appointed to hold the assets of the proposed director; or</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="96%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(iii)&#160;&#160;</font></div>
</td>
<td align="left" colspan="2" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">has been subject to</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="96%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">a.&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="96%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">any penalties or sanctions imposed by a court relating to securities legislation or by a securities regulatory authority or has entered into a settlement agreement with a securities regulatory authority; or</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="96%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">b.&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="96%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">any other penalties or sanctions imposed by a court or regulatory body that would likely be considered important to a reasonable shareholder in deciding whether to vote for a Nominee.</font></div>
</td>
</tr></table>
</div>

<br>
</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">14</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Additional Information regarding the Board</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For additional information regarding New Gold&#8217;s Board, including compensation, corporate governance practices, independence and directorships of other public company boards, see &#8220;Statement of Executive Compensation &#8211; Director Compensation&#8221; and &#8220;Corporate Governance Practices&#8221;.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Appointment of Auditor</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Shareholders will be asked to consider and, if thought fit to pass, an ordinary resolution to appoint Deloitte LLP as auditor of New Gold to hold office until the close of the next annual general meeting of New Gold.&#160;&#160;It is also proposed that shareholders authorize the directors to fix the remuneration to be paid to the auditor. Deloitte LLP was first appointed as auditor of New Gold on July 8, 2008.&#160;&#160;Additional information with respect to our auditor can be found in our latest Annual Information Form available at www.sedar.com.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Unless authority to do so is withheld, the persons named in the accompanying proxy intend to vote FOR the appointment of Deloitte LLP as auditor of New Gold until the close of the next annual general meeting of shareholders and to authorize the directors to fix their remuneration.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">STATEMENT OF EXECUTIVE COMPENSATION</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<hr style="COLOR: saddlebrown" align="left" noshade size="1" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In this section, the individuals in the &#8220;Summary Compensation Table&#8221; are referred to as the named executive officers (&#8220;NEOs&#8221;).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Compensation Discussion and Analysis</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold is an intermediate gold producer with a portfolio of assets in the United States, Mexico, Australia, Canada&#160;and Chile.&#160;&#160;As part of its business strategy, New Gold is focused on:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(a)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">executing on operational targets (safety, cost, production, environment, and social responsibility);</font></div>
</td>
</tr><tr>
<td valign="top" width="4%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(b)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">maintaining a strong financial position;</font></div>
</td>
</tr><tr>
<td valign="top" width="4%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(c)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">enhancing value through project development and continuous improvement of its existing operations; and</font></div>
</td>
</tr><tr>
<td valign="top" width="4%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(d)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">disciplined growth through additional, value-enhancing, merger and acquisition opportunities.</font></div>
</td>
</tr></table>
</div>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The objective of New Gold&#8217;s executive compensation program is to support these goals by attracting and retaining talented employees through competitive compensation, paying for performance, aligning compensation with shareholders&#8217; interests and providing the flexibility necessary to accommodate the needs of New Gold in the different business conditions in which it operates.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In particular, New Gold&#8217;s executive compensation program is designed to support the Company&#8217;s growth by rewarding:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(a)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">individual skill and experience of executives;</font></div>
</td>
</tr><tr>
<td valign="top" width="4%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(b)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">individual and corporate performance; and</font></div>
</td>
</tr><tr>
<td valign="top" width="4%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="4%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(c)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">long-term performance of New Gold&#8217;s share price.</font></div>
</td>
</tr></table>
</div>

<br>
</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">15</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Role of the Compensation Committee</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Compensation Committee is comprised of Martyn Konig (Chair), Pierre Lassonde and James Estey, who are each independent directors.&#160;&#160;The Compensation Committee assists the Board in approving and monitoring the Company&#8217;s guidelines and practices with respect to compensation and benefits, as well as administering the Company&#8217;s equity-based compensation plans.&#160;&#160;The Compensation Committee&#8217;s responsibilities include, among other things:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(a)&#160;&#160;</font></div>
</td>
<td valign="top" width="98%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">ensuring that the Company has programs to attract and develop executive officers of the highest calibre and a process to provide for the orderly succession of executive officers; and</font></div>
</td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="98%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(b)&#160;&#160;</font></div>
</td>
<td valign="top" width="98%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">reviewing and approving corporate goals and objectives relevant to the compensation of executive officers and, based on performance against those goals and objectives, recommending to the Board the annual salary, bonus and other benefits, direct and indirect, of executive officers.</font></div>
</td>
</tr></table>
</div>

<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><br>
</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In addition, the Compensation Committee is responsible for establishing a clear and concise compensation philosophy for the Company.&#160;&#160;New Gold&#8217;s executive compensation philosophy is as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(a)&#160;&#160;</font></div>
</td>
<td valign="top" width="98%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">salaries will be benchmarked to the median of the market compensation data, which means that executive officers should not expect automatic annual salary increases;</font></div>
</td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="98%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(b)&#160;&#160;</font></div>
</td>
<td valign="top" width="98%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">New Gold&#8217;s compensation will be focused on performance-based bonuses and equity; and</font></div>
</td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="98%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(c)&#160;&#160;</font></div>
</td>
<td valign="top" width="98%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">compensation packages will include salary, performance-based bonus, stock options and performance share units (&#8220;PSU&#8221;).</font></div>
</td>
</tr></table>
</div>

<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><br>
</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Elements of NEO Compensation</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Compensation of NEOs for the financial year ended December 31, 2012 included base salary, annual performance-based bonus, stock options, PSU and other annual compensation such as health and retirement benefits.&#160;&#160;The following table lists each element of the Company&#8217;s executive compensation program and summarizes why New Gold chooses to pay each element.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="middle" width="24%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Element of Compensation</font></div>
</td>
<td valign="middle" width="55%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Purpose of Element</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Base Salary</font></div>
</td>
<td align="left" valign="top" width="55%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Base salaries are fixed and therefore not subject to uncertainty.&#160;&#160;Base salaries are used as a measure to compare to, and remain competitive with, compensation offered by competitors and as the base to determine other elements of compensation and benefits.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
</tr><tr>
<td align="left" valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Annual Bonus</font></div>
</td>
<td align="left" valign="top" width="55%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">While base salaries are fixed, annual bonuses are tied to performance and are a variable component of compensation designed to reward NEOs for maximizing operating and financial performance of the Company.&#160;&#160;Annual bonuses are paid at the discretion of the Board and are determined based on a number of factors, including financial and operational performance.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
</tr><tr>
<td align="left" valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Stock Options</font></div>
</td>
<td align="left" valign="top" width="55%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Stock options are variable elements of compensation intended to reward NEOs&#8217; success in achieving sustained, long-term profitability and increases in stock value.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
</tr><tr>
<td align="left" valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">PSU <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td align="left" valign="top" width="55%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">PSU are variable elements of compensation intended to reward NEOs&#8217; success in achieving sustained, long-term profitability, increases in stock value and comparatively better performance than the S&amp;P/TSX Global Gold index.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
</tr></table>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">16</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div>&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="middle" width="24%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Element of Compensation</font></div>
</td>
<td valign="middle" width="55%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Purpose of Element</font></div>
</td>
</tr></table>
</div>

<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Benefits Plans - including medical, dental, life insurance, disability insurance, and a group RRSP for Canadian employees</font></div>
</td>
<td align="left" valign="top" width="55%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The Company&#8217;s benefits plans provide financial reassurance to NEOs in the event of illness, disability or death.&#160;&#160;The group RRSP is provided to assist individuals in saving for retirement.&#160;&#160;Benefits plans during 2012 were provided to NEOs on the same basis as other employees in the applicable jurisdiction, except for annual health assessments that have been available for executives since 2008.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 37px">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td width="1848">
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-SIZE: 10pt">PSU were granted to NEOs in respect of their performance in 2012.&#160;&#160;Restricted Share Units (&#8220;RSU&#8221;) were granted to the Executive Chairman and the President and Chief Executive Officer in 2011 in relation to performance in 2010.&#160;&#160;There were no RSU granted to NEOs for their performance in 2011 or 2012.</font></font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Benchmarking</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Compensation Committee believes that it is appropriate to establish compensation levels based largely on benchmarking against similar companies, both in terms of compensation practices as well as levels of compensation. In this way, New Gold can assess if its compensation is competitive in the marketplace for its talent, as well as measure its reasonableness.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold reviewed the actual compensation paid to executives of the following companies, which are similar in size and scope to New Gold, as reported in their annual executive compensation disclosures.&#160;&#160;All of the companies are gold producers with at least one asset in production, with operations of similar size and scope to New Gold and with comparable market capitalization. In addition, New Gold referenced the compensation data of companies with annual revenues ranging from $500 million to $2.5 billion provided in the Mining Industry Salary Surveys published jointly by Coopers Consulting Ltd. (&#8220;Coopers Consulting&#8221;) and PricewaterhouseCoopers.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td align="left" valign="middle" width="38%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Comparative Company</font></div>
</td>
<td align="left" valign="middle" width="40%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Corporate Head Office Location</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="38%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Agnico-Eagle Mines Limited</font></div>
</td>
<td align="left" valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Toronto, Ontario</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="38%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Alamos Gold Inc.</font></div>
</td>
<td align="left" valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Toronto, Ontario</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="38%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Alacer Gold Corp.</font></div>
</td>
<td align="left" valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Englewood, Colorado, United States</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="38%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">AuRico Gold Inc.</font></div>
</td>
<td align="left" valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Toronto, Ontario</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="38%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Centerra Gold Inc.</font></div>
</td>
<td align="left" valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Toronto, Ontario</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="38%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Eldorado Gold Corporation</font></div>
</td>
<td align="left" valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vancouver, British Columbia</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="38%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">IAMGold Corporation</font></div>
</td>
<td align="left" valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Toronto, Ontario</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="38%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Osisko Mining Corporation</font></div>
</td>
<td align="left" valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Montreal, Quebec</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="38%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Yamana Gold Inc.</font></div>
</td>
<td align="left" valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Toronto, Ontario</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Outside Consultants</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold purchased compensation surveys related to the mining industry from Coopers Consulting in 2011 and 2012. The surveys are generally published in July of each year.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold engaged Towers Watson, in the first quarter of 2011, to provide an analysis of executive long term incentive plans.&#160;&#160;Towers Watson also provided New Gold with market compensation data for executive level positions in 2011 and 2012, as well as general industry compensation surveys.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In 2012 New Gold engaged Hugessen Consulting Inc. (&#8220;Hugessen Consulting&#8221;) to review New Gold&#8217;s executive compensation practices.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">17</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Other than described above, Towers Watson, Coopers Consulting and Hugessen Consulting did not provide any other services to New Gold during 2012.</font></div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td align="left" valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: black 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Consultant</font></div>
</td>
<td valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; BORDER-TOP: black 0.5pt solid">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Financial Year ending December 31</font></div>
</td>
<td valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; BORDER-TOP: black 0.5pt solid">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Executive Compensation-Related Fees ($) <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; BORDER-TOP: black 0.5pt solid">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">All Other Fees ($)</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="19%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Hugessen Consulting</font></div>
</td>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">126,634</font></div>
</td>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr><tr>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="19%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Towers Watson</font></div>
</td>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">25,344<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr><tr>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">48,358</font></div>
</td>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="19%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Coopers Consulting</font></div>
</td>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6,002</font></div>
</td>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr><tr>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7,252</font></div>
</td>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(1)</font></div>
</td>
<td valign="top" width="98%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Consulting fees were charged in Canadian dollars and converted at an exchange rate of C$1.00 = US$1.0004 for 2012 and C$1.00 = US$1.0017 for 2011, being the average noon rate quoted by the Bank of Canada for each respective year.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(2)</font></div>
</td>
<td valign="top" width="98%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Towers Watson fee for 2012 includes $8,797 paid in 2012 relating to services provided in 2011.</font></div>
</td>
</tr></table>
</div>

<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><br>
</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Compensation Elements</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Below is a description of why New Gold currently chooses to pay each element of executive compensation and how New Gold determines the amount to be paid for each element.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Base Salary</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">To ensure New Gold will continue to attract and retain qualified and experienced executives, base salaries are reviewed and, if appropriate, adjusted annually in order to ensure they remain at the median for comparable companies.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold endeavours to pay the salaries of its NEOs at the median compensation of comparable companies while providing greater compensation upside using performance-based compensation components such as performance-based bonuses and stock options.&#160;&#160;However, there will be occasions when it pays an executive a base salary above or below the median depending on the individual skills and experience of the executive.&#160;&#160;New Gold may also take into account the compensation paid to other executives at a similar level when determining compensation.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Annual Performance-Based Cash Incentives</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Bonuses paid in early 2013 for 2012 performance were determined by considering a number of factors, including the following corporate performance factors:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td align="left" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Performance Factor</font></div>
</td>
<td align="left" valign="middle" width="23%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Performance Goal</font></div>
</td>
<td align="left" valign="middle" width="41%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Result</font></div>
</td>
<td align="left" valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Wtg<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Disciplined Growth:</font></div>
</td>
<td align="left" valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">At the New Afton Mine; achieve commercial production (defined as mill throughput of 6,600 tonnes of ore per day) by August 1, 2012, with Project Capital Cost in line with budget.&#160;&#160;Achieve mill throughput of 11,000 tonnes of ore per day by year end.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="41%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 18pt"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font><font id="TAB2" style="LETTER-SPACING: 9pt; COLOR: black">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Commercial production (defined as mill throughput of 6,600 tonnes of ore per day) was achieved before August 1, 2012.</font></div>

<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 18pt"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font><font id="TAB2" style="LETTER-SPACING: 9pt; COLOR: black">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mill throughput of over 11,000 tonnes per day was achieved during the third quarter of 2012 and mill throughput of over 12,000 tonnes per day was achieved during October 2012.</font></div>

<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 18pt"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font><font id="TAB2" style="LETTER-SPACING: 9pt; COLOR: black">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The project was completed within 10% of budgeted costs.</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">30%</font></div>
</td>
</tr></table>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">18</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div>&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td align="left" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Performance Factor</font></div>
</td>
<td align="left" valign="middle" width="23%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Performance Goal</font></div>
</td>
<td align="left" valign="middle" width="41%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Result</font></div>
</td>
<td align="left" valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Wtg<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
</tr></table>
</div>

<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Disciplined Growth:</font></div>
</td>
<td align="left" valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">At the Blackwater Project; complete 200,000 metres of drilling, complete the Preliminary Economic Assessment (PEA) and the Project Description in the third quarter of 2012.</font></div>
</td>
<td valign="top" width="41%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 18pt"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font><font id="TAB2" style="LETTER-SPACING: 9pt; COLOR: black">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total drilling to year end was 270,301 metres.</font></div>

<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 18pt"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font><font id="TAB2" style="LETTER-SPACING: 9pt; COLOR: black">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">NI 43-101 compliant Preliminary Economic Assessment (PEA) was completed on September 20, 2012 with the related Technical Report filed on SEDAR in October 2012.</font></div>

<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 18pt"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font><font id="TAB2" style="LETTER-SPACING: 9pt; COLOR: black">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Project Description filed in September and accepted by both the Federal and Provincial Agencies in November, initiating the Environmental Assessment process.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">20%</font></div>
</td>
</tr><tr>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Increase gold resource inventory from existing properties, before depletion, by one million ounces with weighting factors of 1.0 for reserve ounces, 0.5 for measured and indicated resource ounces and 0.25 for inferred resource ounces.&#160;&#160;This translates to 1,000,000 ounces of reserves, or 2,000,000 ounces of measured and indicated resources, or 4,000,000 ounces of inferred resource, or a combination of the above.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="41%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 18pt"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font><font id="TAB2" style="LETTER-SPACING: 9pt; COLOR: black">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Increased measured and indicated gold resource by 2.6 million ounces.</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10%</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Operational Execution:</font></div>
</td>
<td align="left" valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Achieve planned production and cash costs at forecast foreign exchange and copper/gold/silver prices.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="41%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 18pt"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font><font id="TAB2" style="LETTER-SPACING: 9pt; COLOR: black">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Production and cash costs were 411,892 ounces of gold at $421 per ounce, consistent with 2012 guidance.</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">25%</font></div>
</td>
</tr><tr>
<td valign="top" width="13%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Implement the standard safety system at all sites while achieving a 10% year on year reduction in Total Reportable Injury Frequency Rate and an 85% completion of target leading indicators during the second through fourth quarters of the year.</font></div>
</td>
<td valign="top" width="41%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 18pt"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font><font id="TAB2" style="LETTER-SPACING: 9pt; COLOR: black">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6% reduction of total Reportable Injury Frequency Rate.&#160;&#160;&#160;In addition, lost time injury frequency, an indicator of more serious injuries, was reduced by 23%.&#160;&#160;Lost time injury rates compared to the mining average industry rates in all locations where our operations are located are currently 71% below average.</font></div>

<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 18pt"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font><font id="TAB2" style="LETTER-SPACING: 9pt; COLOR: black">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Standard safety system was defined by mid-year and eight of its 15 core elements were implemented across all sites by the end of 2012.&#160;&#160;The remaining seven elements will be detailed and implemented during 2013.&#160;&#160;Target leading indicators were not established until the end of the second quarter, with performance measured against the indicators starting on September 1, 2012.&#160;&#160;During the period September 1 &#8211; December 31, 2012, New Gold&#8217;s projects and operations achieved 87.5% completion of the targeted lead indicators.</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5%</font></div>
</td>
</tr><tr>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Achieve Level B rating for the Global Reporting Initiative.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="41%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 18pt"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font><font id="TAB2" style="LETTER-SPACING: 9pt; COLOR: black">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Level B rating for the Global Reporting Initiative has been achieved: confirmed by a third party (Canadian Business for Social Responsibility).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5%</font></div>
</td>
</tr></table>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">19</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div>&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td align="left" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Performance Factor</font></div>
</td>
<td align="left" valign="middle" width="23%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Performance Goal</font></div>
</td>
<td align="left" valign="middle" width="41%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Result</font></div>
</td>
<td align="left" valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Wtg<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
</tr></table>
</div>

<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="13%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Management Succession:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td align="left" valign="top" width="23%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Employ a senior operations executive with the experience and ability to lead New Gold&#8217;s operating assets and to be a strong contributor to New Gold&#8217;s growth process.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="41%">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 18pt"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font><font id="TAB2" style="LETTER-SPACING: 9pt; COLOR: black">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ernest Mast appointed as Vice President, Operations on July 15, 2012.</font></div>
</td>
<td valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5%</font></div>
</td>
</tr><tr>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Progress succession planning to a point where all positions managing sizeable teams at the General Manager and higher levels have at least one potential successor in place and ready for promotion within a two year time frame.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="top" width="41%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 18pt"><font style="DISPLAY: inline; FONT-FAMILY: symbol, serif; FONT-SIZE: 10pt">&#183;</font><font id="TAB2" style="LETTER-SPACING: 9pt; COLOR: black">&#160;</font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">All positions where departments have teams large enough to accommodate a successor, including all general management positions at our operations, have at least one successor.</font></div>
</td>
<td valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(1)</font></div>
</td>
<td valign="top" width="98%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Weighting given to each performance factor in determining bonus payments for performance in 2012.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font size="1" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(2)</font></div>
</td>
<td valign="top" width="98%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#8220;Total cash costs&#8221; per gold ounce is a common financial performance measure in the gold mining industry but with no standard meaning under IFRS. New Gold reports total cash costs on a sales basis. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company&#8217;s performance and ability to generate cash flow. The measure, along with sales, is considered to be a key indicator of a Company&#8217;s ability to generate operating earnings and cash flow from its mining operations.&#160;&#160;Total cash costs figures are calculated in accordance with a standard developed by The Gold Institute, which was a worldwide association of suppliers of gold and gold products and included leading North American gold producers. The Gold Institute ceased operations in 2002, but the standard is an accepted standard of reporting cash costs of production in North America. Adoption of the standard is voluntary and the cost measures presented may not be comparable to other similarly titled measures of other companies. Total cash costs include mine site operating costs such as mining, processing, administration, royalties and production taxes, realized gains and losses on fuel contracts, but is exclusive of amortization, reclamation, capital and exploration costs and net of by-product sales. Total cash costs then divided by gold ounces sold to arrive at the total cash costs per ounce sold.&#160;&#160;Total cash costs are intended to provide additional information only and do not have any standardized definition under IFRS; they should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these measures differently. See page 37 of the Company&#8217;s MD&amp;A for the year ended December 31, 2012, posted on the Company&#8217;s website www.newgold.com, for further discussion.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(3)</font></div>
</td>
<td valign="top" width="98%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Total Reportable Injuries = fatalities, lost time, restricted duty and medical treatment injuries.</font></div>
</td>
</tr></table>
</div>

<br>
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Actual bonus payments were determined by referencing amounts prescribed in the employment contracts of the NEOs, as applicable, and bonus target awards expressed as a percentage of annual salary, benchmarked against the salary survey data and comparator group described above. A summary of the bonus amounts prescribed in employment contracts (where applicable), the resulting target award percentages and the actual bonuses paid for the financial year ended December 31, 2012 for each NEO is set out below.&#160;&#160;The Board, on the recommendation of the Compensation Committee, exercised its discretion in considering other factors, such as the completion of two successful high yield financings during 2012 which raised $800 million in determining the annual bonus payments for 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">20</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name and position</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Annual salary (at December 31, 2012)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">($)</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Minimum amount specified in employment contract</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(where applicable)</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Target award as % of annual salary<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Bonus amount paid</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;($)</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Bonus amount as % of annual salary</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(at December 31, 2012)</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Randall Oliphant</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Executive Chairman</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">650,260</font></div>
</td>
<td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">A minimum bonus of one-third of annual salary</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">125%</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 15.15pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,500,600</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 16.4pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">231%</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Robert Gallagher</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">President and Chief Executive Officer</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">650,260</font></div>
</td>
<td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">A minimum bonus of one-third of annual salary</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">125%</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 15.15pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">800,320</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 16.4pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">123%</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Brian Penny</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Executive Vice President and Chief Financial Officer</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">400,160</font></div>
</td>
<td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">n/a</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100%</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 15.15pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">500,200</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 16.4pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">125%</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ernest Mast, Vice President, Operations<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">174,236</font></div>
</td>
<td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">n/a</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">80%</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 15.15pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">185,074</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 16.4pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">106%</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Hannes Portmann, Vice President, Corporate Development</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">260,104</font></div>
</td>
<td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">n/a</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">80%</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 15.15pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">300,120</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 16.4pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">115%</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(1)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">New Gold reviewed the target award as a percentage of annual salary against the practices of its peer companies and has increased the 2012 targets for each NEO as listed in the table above.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(2)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Mr. Mast was appointed Vice President, Operations on July 15, 2012.&#160;&#160;Salary shown is pro-rated.</font></div>
</td>
</tr></table>
</div>

<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><br>
</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Other Compensation &#8211; Perquisites</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">During the financial year ended December 31, 2012, Ernest Mast received perquisites associated with his relocation from Panama to Vancouver to take up the role of Vice President, Operations.&#160;&#160;In addition, Mr. Mast also received a signing bonus, and contributions to a group RRSP and non-registered investment account. In the aggregate such perquisites were greater than $50,000 or 10% of his pro-rated salary.&#160;&#160;No other NEO received any perquisites which in aggregate were greater than $50,000 or 10% of the respective NEO&#8217;s salary.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Stock Options</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In March 2011, New Gold adopted the New Gold Inc. Stock Option Plan 2011 (&#8220;2011 Plan&#8221;).&#160;&#160;The general purpose of the 2011 Plan is to advance the interests of New Gold by providing Eligible Persons with incentives to maximize shareholder value and to attract and reward long term commitments to New Gold by Eligible Persons.&#160;&#160;Options granted under the 2011 Plan expire not later than the fifth anniversary of the date the options were granted and vesting provisions for issued options are determined at the discretion of the Board.&#160;&#160;New Gold has a practice of not having options vest earlier than 12 months from the grant date. See &#8220;Securities Authorized for Issuance under Equity Compensation Plans&#8221;.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Compensation Committee recommends stock option awards to the Board after considering input from management.&#160;&#160;The Compensation Committee considers external benchmarking data as well as individual performance of the NEO, individual option holdings, whether they are in-the-money or not, and the total number of stock options outstanding in making decisions or recommendations for option grants to the Board. The Board has delegated authority to the Compensation Committee to grant individual stock option awards up to 50,000 options to non-executive officers and other employees.&#160;&#160;Option awards in excess of 50,000 options or to executive officers require approval by the Board.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">21</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold has a policy that provides for annual grants to be made at, or shortly after, a meeting of the Compensation Committee in the first quarter of each year.&#160;&#160;Expected value is calculated using a Black-Scholes valuation methodology consistent with the methodology for valuing stock options for New Gold&#8217;s stock-based compensation expense in its financial statements.&#160;&#160;Expected value as a percentage of annual salary varies depending on an individual&#8217;s level within the organization and is determined based on benchmarking against a comparator group of companies as listed under the heading &#8220;Benchmarking&#8221;.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board approved, on the recommendation of the Compensation Committee, the grant of the following stock options on February 13, 2013 to the NEOs in recognition of their performance in 2012 and as part of their 2012 compensation.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="middle" width="31%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Position</font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Number of Options<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #000000 1pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Value of Option Award($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Randall Oliphant</font></div>
</td>
<td align="left" valign="middle" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Executive Chairman</font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">290,000</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 27pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,325,544</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Robert Gallagher</font></div>
</td>
<td align="left" valign="middle" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">President and Chief Executive Officer</font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">189,000</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 27pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">863,889</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Brian Penny</font></div>
</td>
<td align="left" valign="middle" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Executive Vice President and Chief Financial Officer</font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">112,000</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 27pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">511,934</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ernest Mast<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(3)</font></font></div>
</td>
<td align="left" valign="middle" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vice President, Operations</font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">94,000</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 27pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">429,659</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Hannes Portmann</font></div>
</td>
<td align="left" valign="middle" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vice President, Corporate Development</font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">62,000</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 27pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">283,392</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(1)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">All of these stock options were granted on February 13, 2013 and vest in three equal installments beginning on the first anniversary of the date of grant.&#160;&#160;The exercise price for these stock options is C$10.01.&#160;&#160;The options expire on February 13, 2018.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(2)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">The value of the option awards is calculated using the Black-Scholes option valuation methodology converted at an exchange rate of C$1.00 = US$0.9980, being the noon rate quoted by the Bank of Canada on February 13, 2013, the date on which the options were granted.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(3)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Mr. Mast was also granted 150,000 options on appointment as Vice President, Operations on July 15, 2012.&#160;&#160;These options had a fair market value of US$686,486 using the Black-Scholes option valuation methodology, converted at an exchange rate of C$1.00 = US$1.0085, being the noon rate quoted by the Bank of Canada on August 10, 2012, the date on which the options were granted.</font></div>
</td>
</tr></table>
</div>

<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><br>
</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Long-Term Incentive Plan</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In 2009, New Gold introduced a share unit plan (&#8220;Long-Term Incentive Plan&#8221;) that provides for time-based share unit awards (&#8220;RSU&#8221;) that may be granted by the Board to employees, officers, directors and certain eligible contractors of the Company and its affiliates (&#8220;RSU Participants&#8221;) as a bonus in consideration of past services to the Company or its affiliates.&#160;&#160;In February 2013, the Board approved amendments to the Long-Term Incentive Plan to provide for the grant of performance based share unit awards (&#8220;PSU&#8221;) by the Board to officers and certain mine managers, project directors and corporate managers (&#8220;PSU Participants&#8221;) as a bonus in consideration of past services to the Company or its affiliates.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In this Circular, RSU and PSU are collectively referred to as &#8220;Share Units&#8221;.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">22</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Restricted Share Units</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Under the Long-Term Incentive Plan,&#160;&#160;RSU will vest on the entitlement date or dates, which shall not be later than December 31 of the year that is three years after the year of service that the award relates to (&#8220;Maturity Date&#8221;), as determined by the Board in its sole discretion. On a Maturity Date, the Company will make a payment to the relevant RSU Participant in cash equal to the five-day volume weighted average price of the Company&#8217;s common shares on the TSX multiplied by the number of RSU held.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A RSU Participant will have no right or entitlement whatsoever to receive any cash payment until the Maturity Date and, as a holder of RSU, will not have any rights as a shareholder of the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A RSU Participant&#8217;s Maturity Date may be accelerated on the death or permanent disability of the RSU Participant.&#160;&#160;In the event that a RSU Participant is terminated with or without cause, any RSU previously credited to the RSU Participant&#8217;s account that have not been paid out shall become void and the RSU Participant shall have no entitlement to payment under the Long-Term Incentive Plan.&#160;&#160;In certain circumstances, on a change of control of the Company, the RSU will vest immediately and the Maturity Date will occur.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Performance Share Units</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Under the Long-Term Incentive Plan, PSU will vest on the entitlement date which is three years after the date of services that the PSU relate to (&#8220;Maturity Date&#8221;). The number of PSU that will vest on a Maturity Date will vary from 50% to 150% of the number of PSU granted to the PSU Participant, depending on New Gold&#8217;s total shareholder return compared to the return of the S&amp;P/TSX Global Gold Index (&#8220;Performance Criteria&#8221;) over the relevant performance measurement periods. PSU will be settled in cash equal to the equal to the five-day volume weighted average price of the Company&#8217;s common shares on the TSX multiplied by the number of PSU vested.&#160;&#160;Subject to TSX and shareholder approvals, which the Company intends seeking at its 2014 shareholders&#8217; meeting, on a Maturity Date, a PSU Participant may, at the discretion of the Board, be issued the equivalent number of common shares of New Gold as the number of PSU that vested on the Maturity Date in lieu of a cash payment.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A PSU Participant will have no right or entitlement whatsoever to receive any shares of New Gold or cash payment until the Maturity Date and, as a holder of PSU, will not have any rights as a shareholder of the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A PSU Participant&#8217;s Maturity Date may be accelerated on the death or permanent disability of the PSU Participant.&#160;&#160;In the event that a PSU Participant is terminated with or without cause, any PSU previously credited to the PSU Participant&#8217;s account that have not been paid out shall become void and the PSU Participant shall have no entitlement to payment (including the issue of New Gold shares) under the Long-Term Incentive Plan.&#160;&#160;In certain circumstances, on a change of control of the Company, the PSU will vest immediately and the Maturity Date will occur.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board has delegated authority to the Compensation Committee to grant individual awards of up to 25,000 RSU or PSU to non-executive officers and other employees.&#160;&#160;Awards in excess of 25,000 RSU or PSU or to executive officers require approval of the Board.&#160;&#160;The Board has also delegated authority to management to grant individual RSU awards up to 15,000 RSU to employees who are not officers.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">RSU were granted to Mr. Oliphant and Mr. Gallagher in 2011 in recognition of performance in 2010. There were no RSU granted to NEOs for their performance in 2011 or 2012.&#160;&#160;PSU were granted to each NEO in 2013 in recognition of performance in 2012.&#160;&#160;The Board considers that PSU are a more appropriate form of compensation for NEOs as their value is tied to the performance of the Company relative to the wider industry over the applicable performance measurement periods.&#160;&#160;In contrast, RSU are paid out based on the value of the Company&#8217;s shares on a fixed date, regardless of the Company&#8217;s performance.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board approved, on the recommendation of the Compensation Committee, the grant of the following PSU on February 13, 2013 to the NEOs in recognition of their performance in 2012 and as part of their 2012 compensation.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">23</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="middle" width="29%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Position</font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Number of PSU<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Value of PSU&#160;&#160;Award($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Randall Oliphant</font></div>
</td>
<td align="left" valign="middle" width="29%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Executive Chairman</font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">144,000</font></div>
</td>
<td align="right" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 27pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,438,557</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Robert Gallagher</font></div>
</td>
<td align="left" valign="middle" width="29%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">President and Chief Executive Officer</font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">93,000</font></div>
</td>
<td align="right" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 27pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">929,068</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Brian Penny</font></div>
</td>
<td align="left" valign="middle" width="29%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Executive Vice President and Chief Financial Officer</font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">56,000</font></div>
</td>
<td align="right" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 27pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">559,439</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ernest Mast</font></div>
</td>
<td align="left" valign="middle" width="29%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vice President, Operations</font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">45,000</font></div>
</td>
<td align="right" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 27pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">449,549</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Hannes Portmann</font></div>
</td>
<td align="left" valign="middle" width="29%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vice President, Corporate Development</font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">30,000</font></div>
</td>
<td align="right" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 27pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">299,699</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(1)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">All of these PSU were granted on February 13, 2013 and vest in one installment on December 31, 2015.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(2)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">The value of the PSU awards is calculated using C$10.01, being the five-day weighted average share price of New Gold on the TSX immediately preceding the date of grant (February 13, 2013) and converted at an exchange rate of C$1.00 = US$0.9980, being the noon rate quoted by the Bank of Canada on February 13, 2013.</font></div>
</td>
</tr></table>
</div>

<br>
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Share Ownership Policy for Directors and NEOs</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Refer to page 40 of this Circular for information about the Company&#8217;s share ownership policy and compliance by the Company&#8217;s Directors, the Executive Chairman and the President and Chief Executive Officer in 2012.&#160;&#160;New Gold&#8217;s other NEOs are not required to comply with any minimum share ownership policy.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Retirement benefits</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold sponsors a voluntary Group RRSP program for Canadian corporate employees.&#160;&#160;&#160;Participating employees may contribute between 1% and 9% of their annual base salary to the RRSP program.&#160;&#160;New Gold then matches the employee contributions up to a maximum amount based on the annual limitation set each year by the Canada Revenue Agency.&#160;&#160;In 2012, the limitation on the Company&#8217;s matching contributions was C$11,485 per participating employee.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Other than matching contributions to the retirement programs described above (which amounts are disclosed under &#8220;All other compensation&#8221; in the Summary Compensation Table), New Gold does not provide retirement benefits for NEOs.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Fit with Overall Compensation Objectives</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold believes that all of the elements of compensation discussed above fit into New Gold&#8217;s overall compensation philosophy and objectives.&#160;&#160;Specifically, New Gold believes that the base salaries and retirement benefits paid to NEOs in 2012 supported its compensation objective of providing competitive compensation that attracts and retains talented employees while its annual performance-based cash incentives and equity grants align compensation with shareholders&#8217; interests and pay for performance and results.&#160;&#160;These elements also support New Gold&#8217;s business strategy and are sufficiently flexible to recognize the needs of New Gold in different business conditions.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Risks Associated with Company&#8217;s Compensation Policies and Practices</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Compensation Committee considers the implications and risks of the Company&#8217;s compensation policies and practices as a factor in assisting the Board in approving and monitoring guidelines and practices regarding the compensation and benefits of officers, as well as administering the Company&#8217;s equity-based compensation plans.&#160;&#160;In particular, the committee considers the impact on NEOs and other senior executives to ensure that they do not take undue risks.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">24</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Compensation Committee has not identified any risks in the Company&#8217;s existing compensation policies and practices that it believes would be reasonably likely to have a material adverse effect on the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Other Matters</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company does not have a formal policy prohibiting a NEO or director from purchasing financial instruments that are designed to hedge or offset a decrease in market value of equity securities granted as compensation and held, directly or indirectly, by the NEO or director.&#160;&#160;However, there is an understanding that the Company&#8217;s NEOs and directors will not purchase such financial instruments, and no NEO or director has purchased any such financial instruments as at the date of this Circular.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Performance Graph</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following graph compares the cumulative total shareholder return for C$100 invested in common shares of New Gold from December 31, 2007 to December 31, 2012 against the cumulative total shareholder return of the S&amp;P/TSX Composite Index and the S&amp;P/TSX Global Gold Index for the same period, assuming the reinvestment of all dividends.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Cumulative Value of C$100 Investment from December 31, 2007 to December 31, 2012</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><img src="infocirc-graph1.jpg" alt=""></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="28%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(in C$)</font></div>
</td>
<td valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-DECORATION: underline"><font style="DISPLAY: inline">2007</font></font></div>
</td>
<td valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-DECORATION: underline"><font style="DISPLAY: inline">2008</font></font></div>
</td>
<td valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-DECORATION: underline"><font style="DISPLAY: inline">2009</font></font></div>
</td>
<td valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-DECORATION: underline"><font style="DISPLAY: inline">2010</font></font></div>
</td>
<td valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-DECORATION: underline"><font style="DISPLAY: inline">2011</font></font></div>
</td>
<td valign="top" width="12%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-DECORATION: underline"><font style="DISPLAY: inline">2012</font></font></div>
</td>
</tr><tr>
<td valign="top" width="28%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">New Gold Inc.</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100.00</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160; 34.71</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;&#160; 74.51</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">189.80</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">201.57</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">215.88</font></div>
</td>
</tr><tr>
<td valign="top" width="28%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">% Change (year on year)</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; -65.29</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; 114.66</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;154.73</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160; &#160; 6.20</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160; 7.10</font></div>
</td>
</tr><tr>
<td valign="top" width="28%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">S&amp;P/TSX Composite Index</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100.00</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160; 67.62</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160; &#160;90.85</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">106.53</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160; 97.40</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">104.28</font></div>
</td>
</tr><tr>
<td valign="top" width="28%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">% Change (year on year)</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; -32.38</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; &#160; 34.35</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160; 17.26</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160; -8.57</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160; 7.06</font></div>
</td>
</tr><tr>
<td valign="top" width="28%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">S&amp;P/TSX Global Gold Index</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100.00</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">101.46</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">109.16</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">138.17</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">119.48</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">102.02</font></div>
</td>
</tr><tr>
<td valign="top" width="28%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">% Change (year on year)</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160; 1.46</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160; 7.59</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160; 26.58</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-13.53</font></div>
</td>
<td valign="bottom" width="12%" style="TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;-14.61</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The current management team at New Gold was brought together as a result of two business combinations in 2008 and 2009 respectively.&#160;&#160;Since that time New Gold has endured a significant downturn in the global stock markets, however its share price has rebounded significantly from market lows.&#160;&#160;Since 2009, New Gold has outperformed the S&amp;P/TSX Global Gold index each year.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">25</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Summary Compensation Table</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table provides information for the financial years ended December 31, 2012, 2011 and 2010 regarding compensation earned by each of the following NEOs of New Gold:&#160;&#160;(a) the Executive Chairman, (b)&#160;the President and Chief Executive Officer, (c) the Executive Vice President and Chief Financial Officer, and (d)&#160;the other two most highly compensated NEOs.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Compensation is paid to the NEOs in Canadian dollars and, unless stated otherwise, has been converted to United States dollars at an exchange rate of C$1.00 = US$1.0004 for 2012, C$1.00 = US$1.0117 for 2011, and C$1.00 = US$0.9709 for 2010, being the average noon rate quoted by the Bank of Canada for each respective year.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">For the purposes of this disclosure, New Gold has elected to report the amounts paid to NEOs in United States dollars as this is the currency that the Company uses for its financial statements.&#160;&#160;The exchange rates in the paragraph above have been applied to 2012, 2011 and 2010 compensation.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td rowspan="2" valign="bottom" width="21%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name and principal position</font></div>
</td>
<td rowspan="2" valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Year</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td rowspan="2" valign="top" width="7%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Salary</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">($)</font></div>
</td>
<td rowspan="2" valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Share-based awards ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(7)(8)</font></font></div>
</td>
<td rowspan="2" valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Option-based awards</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(7)(8)</font></font></div>
</td>
<td colspan="2" valign="bottom" width="24%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Non-equity incentive plan compensation</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">($)</font></div>
</td>
<td rowspan="2" valign="top" width="11%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">All other compensation</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(10)</font></font></div>
</td>
<td rowspan="2" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total compensation</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">($)</font></div>
</td>
</tr><tr bgcolor="lightgrey">
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Annual incentive plans<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(9)</font></font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Long-term incentive plans</font></div>
</td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="21%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: -5.4pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Randall Oliphant<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: -5.4pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Executive Chairman</font></div>
</td>
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td align="right" valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">650,260</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,438,557</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,325,544</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,500,600</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 10.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,490</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.1pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,926,451</font></div>
</td>
</tr><tr>
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td align="right" valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">657,605</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,650,752</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,112,870</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 10.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">21,752</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.1pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,442,979</font></div>
</td>
</tr><tr>
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2010</font></div>
</td>
<td align="right" valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">631,085</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,338,942</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,215,364</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">970,900</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 10.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.1pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6,156,291</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td align="left" rowspan="3" valign="top" width="21%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: -5.4pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Robert Gallagher<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: -5.4pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">President and Chief Executive Officer</font></div>
</td>
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td align="right" valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">650,260</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">929,068</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">863,889</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">800,320</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 10.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,490</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.1pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3,255,027</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td align="right" valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">657,605</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,855,526</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">607,020</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 10.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,356</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.1pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3,131,507</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2010</font></div>
</td>
<td align="right" valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">631,085</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,949,118</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,772,291</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">776,720</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 10.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10,680</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.1pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5,139,894</font></div>
</td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="21%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: -5.4pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Brian Penny<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(3)</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: -5.4pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Executive Vice President and Chief Financial Officer</font></div>
</td>
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td align="right" valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">400,160</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">559,439</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">511,934</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">500,200</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 10.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,490</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.1pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,983,223</font></div>
</td>
</tr><tr>
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td align="right" valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">389,505</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,060,301</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">404,680</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 10.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,356</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.1pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,865,842</font></div>
</td>
</tr><tr>
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2010</font></div>
</td>
<td align="right" valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">354,378</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">443,073</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">354,379</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 10.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10,680</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.1pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,162,510</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td align="left" rowspan="3" valign="top" width="21%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: -5.4pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ernest Mast <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(4)(5)</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: -5.4pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vice President Operations</font></div>
</td>
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td align="right" valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">174,236</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">449,549</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,116,145</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">185,074</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 10.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">250,960</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.1pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,175,964</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td align="right" valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 10.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.1pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2010</font></div>
</td>
<td align="right" valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 10.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.1pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="21%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: -5.4pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Hannes Portmann<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(6)</font></font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: -5.4pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vice President, Corporate Development</font></div>
</td>
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td align="right" valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">260,104</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">299,699</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">283,392</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">300,120</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 10.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10,579</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.1pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,153,894</font></div>
</td>
</tr><tr>
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td align="right" valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">242,808</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">530,150</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">404,680</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 10.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,356</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.1pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,188,994</font></div>
</td>
</tr><tr>
<td valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2010</font></div>
</td>
<td align="right" valign="middle" width="7%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">213,598</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">221,536</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">174,762</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 10.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10,680</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.1pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">620,576</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(1)</font></div>
</td>
<td valign="top" width="98%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Mr. Oliphant was appointed Executive Chairman of New Gold effective June 1, 2009.&#160;&#160;Mr. Oliphant is a director of New Gold but does not receive compensation related to his role as a director.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(2)</font></div>
</td>
<td valign="top" width="98%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Mr. Gallagher was appointed President and Chief Executive Officer of New Gold effective June 30, 2008.&#160;&#160;Mr. Gallagher is a director of New Gold but does not receive compensation related to his role as a director.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(3)</font></div>
</td>
<td valign="top" width="98%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Mr. Penny was appointed Executive Vice President and Chief Financial Officer of New Gold effective June 1, 2009.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(4)</font></div>
</td>
<td valign="top" width="98%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Mr. Mast was appointed Vice President Operations of New Gold effective July 15, 2012.&#160;&#160;The salary paid to Mr. Mast in 2012 relates to the period July 15, 2012 onwards.&#160;&#160;Mr. Mast was granted 150,000 stock options on August 10, 2012 at an exercise price of C$10.34.&#160;&#160;The stock options are valued using the Black-Scholes stock option valuation methodology which resulted in a per option value of $4.54 converted at an exchange rate of C$1.00 = US$1.0085.&#160;&#160;This is consistent with accounting values used in the Company&#8217;s financial statements.</font></div>
</td>
</tr></table>
</div>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">26</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(5)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Mr. Mast&#8217;s &#8220;All other compensation&#8221; includes $11,500 in Company paid matching contributions to a Group RRSP and non-registered investment account, a signing bonus of $75,031, and relocation expenses of $164,430.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%">&#160;</td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(6)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Mr. Portmann was appointed Director, Corporate Development of New Gold effective June 1, 2009 and was subsequently promoted to Vice President, Corporate Development effective January 27, 2010.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(7)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">The Share Units granted in 2010 are valued by multiplying the number of units granted by C$7.76 being the five-day volume weighted average share price of New Gold on the TSX immediately preceding the date of grant (January 26, 2011) and converted at an exchange rate of C$1.00 = US$1.0047 being the noon rate quoted by the Bank of Canada for January 26, 2011. The PSU granted in 2013 in respect of performance in 2012 are valued by multiplying the number of units granted by C$10.01 being the five-day volume weighted average share price of New Gold on the TSX immediately preceding the date of grant (February 13, 2013) and converted at an exchange of C$1.00 = US$0.9980 being the noon rate quoted by the Bank of Canada for February 13, 2013.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(8)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Option-based awards are valued using the Black-Scholes stock option valuation methodology. This is consistent with the accounting values used in the Company&#8217;s financial statements. The grants made were valued using the following assumptions:</font></div>
</td>
</tr></table>
</div>

<div>&#160;</div>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Grant Date</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exercise Price</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Risk Free Rate of Return</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Volatility Estimate</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Expected Life (Years)</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Per Option Value</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exchange Rate</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(C$1.00 =)</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February 13, 2013</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">C$10.01</font></div>
</td>
<td valign="top" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.57%</font></div>
</td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">60%</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.67</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">C$4.58</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$0.9980</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">August 10, 2012</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">C$10.34</font></div>
</td>
<td valign="top" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.53%</font></div>
</td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">60%</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.67</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">C$4.54</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$1.0085</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February 10, 2012</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">C$11.87</font></div>
</td>
<td valign="top" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.41%</font></div>
</td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">60%</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.67</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">C$5.92</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$0.9984</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 26, 2011</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">C$7.67</font></div>
</td>
<td valign="top" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.48%</font></div>
</td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">70%</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.67</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">C$4.41</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$1.0047</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 27, 2010</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">C$4.39</font></div>
</td>
<td valign="top" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.81%</font></div>
</td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">70%</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.00</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">C$2.98</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$0.9384</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2009</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">C$3.21</font></div>
</td>
<td valign="top" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.61%</font></div>
</td>
<td valign="top" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">60%</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.00</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">C$1.94</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$0.9236</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

Options and Share Units are disclosed as follows:

<div>&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;<font style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160;</font></font></td>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">a.&#160;&#160;</font></div>
</td>
<td valign="top" width="96%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Options and Share Units granted in recognition of a previous year&#8217;s performance in the first quarter of the following year are disclosed in the year to which the performance is being recognized.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="96%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">b.&#160;&#160;</font></div>
</td>
<td valign="top" width="96%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Options granted on hire or following a merger are disclosed in the year of grant.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="96%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(9)</font></div>
</td>
<td colspan="2" valign="top" width="98%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Payments under annual incentive plans were paid in 2011 for performance during 2010, 2012 for performance in 2011 and 2013 for performance in 2012.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="96%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(10)</font></div>
</td>
<td colspan="2" valign="top" width="98%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Included in this column are Company paid matching contributions to a Group RRSP in the amounts of $10,680 in 2010, $11,356 in 2011 and $11,490 in 2012 to each of Messrs. Gallagher and Penny. The amounts shown for Mr. Portmann are Company paid contributions of $10,680 in 2010, $11,356 in 2011 and $10,571 in 2012.&#160;&#160;The amounts shown for Mr. Oliphant are Company paid contributions of $21,752 for 2010 and 2011 which were paid in 2011 and $11,490 for 2012.</font></div>
</td>
</tr></table>
</div>

<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><br>
</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table shows the total compensation for the current NEOs, as well as the total compensation as a percentage of earnings from operations and as a percentage of shareholder equity.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="middle" width="18%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="20%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total Compensation </font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">for Named Executive </font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Officers </font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="middle" width="21%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total Compensation for Named Executive Officers as a Percentage of Earnings from Mine Operations</font></div>
</td>
<td valign="middle" width="20%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total Compensation for Named Executive Officers as a Percentage of Shareholder Equity</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td align="right" valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 28.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13,494,559</font></div>
</td>
<td valign="top" width="21%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 34.5pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.1%</font></div>
</td>
<td valign="middle" width="20%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 30.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.5%</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td align="right" valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 28.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10,629,322</font></div>
</td>
<td valign="top" width="21%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 34.5pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.4%</font></div>
</td>
<td valign="middle" width="20%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 30.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.5%</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="18%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change</font></div>
</td>
<td align="right" valign="top" width="20%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 28.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,865,237</font></div>
</td>
<td valign="top" width="21%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 34.5pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.7%</font></div>
</td>
<td valign="middle" width="20%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 30.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160; 0%</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 38px">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt"><font style="DISPLAY: inline">(1)</font></font></div>
</td>
<td width="1847">
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Ernest Mast commenced employment with the Company on July 15, 2012.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">27</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NEO Cash Compensation</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table shows the cash compensation received by each NEO during the financial years ended December 31, 2012 and 2011 and the year-over-year change. Refer to the Summary Compensation Table above for total compensation earned by NEOs during financial years ended December 31, 2012 and 2011.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name and principal position</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Year</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Salary</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Annual incentive plans (Bonus amount paid) ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">All other cash compensation</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(3)</font></font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total Cash Compensation</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">($)</font></div>
</td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Randall Oliphant</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Executive Chairman</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">650,260</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,500,600</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,490</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,162,350</font></div>
</td>
</tr><tr>
<td valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">657,605</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,112,870</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">21,752</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,792,227</font></div>
</td>
</tr><tr>
<td valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(7,345)</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">387,730</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;(10,262)</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">370,123</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td rowspan="3" valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Robert Gallagher</font></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">President and Chief Executive Officer</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">650,260</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">800,320</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,490</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,462,070</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">657,605</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">607,020</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,356</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,275,981</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(7,345)</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">193,300</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">134</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">186,089</font></div>
</td>
</tr><tr>
<td rowspan="3" valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Brian Penny</font></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Executive Vice President and Chief Financial Officer</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">400,160</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">500,200</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,490</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">911,850</font></div>
</td>
</tr><tr>
<td valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">389,505</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">404,680</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,356</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">805,541</font></div>
</td>
</tr><tr>
<td valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10,655</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">95,520</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">134</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">106,309</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td rowspan="3" valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ernest Mast<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(4)</font></font></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vice President Operations</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">174,236</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">185,074</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">250,960</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">610,270</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
</tr><tr>
<td rowspan="3" valign="top" width="15%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Hannes Portmann</font></div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vice President, Corporate Development</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">260,104</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">300,120</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10,579</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">570,803</font></div>
</td>
</tr><tr>
<td valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">242,808</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">404,680</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,356</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">658,844</font></div>
</td>
</tr><tr>
<td valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">17,296</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(104,560)</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(777)</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(88,041)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-WEIGHT: bold"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-WEIGHT: normal"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-WEIGHT: normal">(1)</font>&#160;&#160;</font></font></font></font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-WEIGHT: normal">Negative change in salary for Messrs. Oliphant and Gallagher is due to currency exchange rate variations.&#160;&#160;There was no change in the salary that is paid in Canadian dollars from 2011 to 2012.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-WEIGHT: normal">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-WEIGHT: normal">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-WEIGHT: bold"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-WEIGHT: normal"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-WEIGHT: normal">(2)</font>&#160;&#160;</font></font></font></font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-WEIGHT: normal">Payments under annual incentive plans were paid in 2013 for performance in 2012, and 2012 for performance in 2011.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-WEIGHT: normal">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-WEIGHT: normal">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-WEIGHT: bold"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-WEIGHT: normal"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-WEIGHT: normal">(3)</font>&#160;&#160;</font></font></font></font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-WEIGHT: normal">Included in this column are Company paid matching contributions to a Group RRSP in the amounts of $11,356 in 2011 and $11,490 in 2012 to each of Messrs. Gallagher and Penny. The amounts shown for Mr. Portmann are Company paid contributions of $11,356 in 2011 and $10,579 in 2012. The amounts shown for Mr. Oliphant are Company paid contributions of $21,752 for 2010 and 2011 which was paid in 2011 and $11,490 for 2012.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-WEIGHT: normal">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-WEIGHT: normal">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-WEIGHT: bold"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-WEIGHT: normal"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-WEIGHT: normal">(4)</font>&#160;&#160;</font></font></font></font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt; FONT-WEIGHT: normal">Mr. Mast was appointed Vice President Operations of New Gold effective July 15, 2012.&#160;&#160;&#160;The salary and bonus paid to Mr. Mast in 2012 relates to the period July 15, 2012 onwards.&#160;&#160;Mr. Mast's "All other compensation" includes $11,500 in Company paid matching contributions to a Group RRSP and non-registered investment account, a signing bonus of $75,031, and relocation expenses of $164,430.</font></div>
</td>
</tr></table>
</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">28</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NEO Equity Compensation</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table shows the equity compensation received by each NEO during the financial years ended December 31, 2012 and 2011 and the year-over-year change. Refer to the Summary Compensation Table above for total compensation earned by NEOs during financial years ended December 31, 2012, 2011 and 2010.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name and principal position</font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Year</font></div>
</td>
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-SIZE: 10pt">Share-based awards</font></font></div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-SIZE: 10pt">($)</font><font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1) (3)</font></font></font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Option-based awards </font>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-SIZE: 10pt">($)</font><font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)(3)</font></font></font></font></div>
</div>
</td>
<td valign="top" width="22%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total value of equity-based compensation </font>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">($)</font></font></div>
</div>
</td>
</tr><tr>
<td valign="top" width="25%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Randall Oliphant</font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,438,557</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,325,544</font></div>
</td>
<td valign="top" width="22%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2,764,101</font></div>
</td>
</tr><tr>
<td valign="top" width="25%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Executive Chairman</font></font></td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2,650,752</font></div>
</td>
<td valign="top" width="22%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;2,650,752</font></div>
</td>
</tr><tr>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change</font></div>
</td>
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,438,557</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-1,325,208</font></div>
</td>
<td valign="top" width="22%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;113,349</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="top" width="25%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Robert Gallagher</font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;929,068</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;863,889</font></div>
</td>
<td valign="top" width="22%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,792,957</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="top" width="25%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">President and Chief Executive Officer</font></font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,855,526</font></div>
</td>
<td valign="top" width="22%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,855,526</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change</font></div>
</td>
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;929,068</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-991,637</font></div>
</td>
<td valign="top" width="22%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -62,569</font></div>
</td>
</tr><tr>
<td valign="top" width="25%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Brian Penny</font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;559,439</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;511,934</font></div>
</td>
<td valign="top" width="22%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,071,373</font></div>
</td>
</tr><tr>
<td valign="top" width="25%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Executive Vice President and Chief Financial Officer</font></font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,060,301</font></div>
</td>
<td valign="top" width="22%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,060,301</font></div>
</td>
</tr><tr>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change</font></div>
</td>
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;559,439</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -548,367</font></div>
</td>
<td valign="top" width="22%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;11,072</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="top" width="25%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ernest Mast</font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;449,549</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,116,145</font></div>
</td>
<td valign="top" width="22%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,565,694</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="top" width="25%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vice President Operations</font></font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="22%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change</font></div>
</td>
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;449,549</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,116,145</font></div>
</td>
<td valign="top" width="22%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;1,565,694</font></div>
</td>
</tr><tr>
<td valign="top" width="25%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Hannes Portmann</font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;299,699</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;283,392</font></div>
</td>
<td valign="top" width="22%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;583,091</font></div>
</td>
</tr><tr>
<td valign="top" width="25%" style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vice President, Corporate Development</font></font></div>
</td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;-</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;591,053</font></div>
</td>
<td valign="top" width="22%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;591,053</font></div>
</td>
</tr><tr>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="6%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change</font></div>
</td>
<td valign="top" width="24%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;299,699</font></div>
</td>
<td valign="top" width="23%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -307,661</font></div>
</td>
<td valign="top" width="22%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; -7,962</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: center">&#160;</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(1)</font></div>
</td>
<td align="left" colspan="2" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">The Share Units are valued by multiplying the number of units granted by C$10.01 being the five-day volume weighted average share price of New Gold on the TSX immediately preceding the date of grant (February 13, 2013) and converted at an exchange rate of C$1.00 = US$0.9980 being the noon rate quoted by the Bank of Canada for February 13, 2013.&#160;&#160;RSU were granted to the Executive Chairman and the President and Chief Executive Officer in 2011 in relation to performance in 2010.&#160;&#160;PSU were granted to NEOs in 2013 in respect of performance in 2012.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="96%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(2)</font></div>
</td>
<td align="left" colspan="2" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Option-based awards are valued using the Black-Scholes stock option valuation methodology. This is consistent with the accounting values used in the Company&#8217;s financial statements. The grants made were valued using the assumptions listed in Note 8 to the Summary Compensation Table above.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="96%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="96%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(3)</font></div>
</td>
<td align="left" colspan="2" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Options and Share Units are disclosed as follows:</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="96%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(a)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="96%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Options and Share Units granted in recognition of a previous year&#8217;s performance in the first quarter of the following year are disclosed in the year to which the performance is being recognized.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="96%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(b)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="96%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Options granted on hire or following a merger are disclosed in the year of grant.</font></div>
</td>
</tr></table>
</div>

<div>&#160;</div>
</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">29</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NEO Share Ownership at December 31, 2012</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table shows the number of common shares of New Gold and Share Units held by each NEO and the value of those common shares as at December 31, 2012 and 2011 and the year-over-year change.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="bottom" width="16%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NEO</font></div>
</td>
<td valign="bottom" width="16%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Year</font></div>
</td>
<td valign="bottom" width="16%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Number of Common Shares Held</font></div>
</td>
<td valign="bottom" width="16%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Number of Share Units Held</font></div>
</td>
<td valign="bottom" width="16%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Amount at Risk (Total Market Value of Common Shares and Share Units) ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Randall Oliphant</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Executive Chairman</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4,570,855</font></div>
</td>
<td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;100,000</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;51,446,684</font></div>
</td>
</tr><tr>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4,250,000</font></div>
</td>
<td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;200,000</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;46,281,228</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;320,855</font></div>
</td>
<td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 9.5pt"></font>(100,000)</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;5,165,456</font></div>
</td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Robert Gallagher</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">President and Chief&#160;&#160;and Executive Officer</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;175,000</font></div>
</td>
<td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;83,334</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2,845,395</font></div>
</td>
</tr><tr>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;150,000</font></div>
</td>
<td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160;&#160;&#160;&#160;166,667</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3,293,424</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;25,000</font></div>
</td>
<td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 15.75pt"></font>(83,333)</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(448,029)</font></div>
</td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Brian Penny</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Executive Vice President and Chief Financial Officer</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;500,000</font></div>
</td>
<td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 44.65pt"></font>Nil</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;5,507,202</font></div>
</td>
</tr><tr>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;500,000</font></div>
</td>
<td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 44.65pt"></font>Nil</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;5,200,138</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 44.65pt"></font>Nil</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;307,064</font></div>
</td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ernest Mast</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vice President Operations</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 44.65pt"></font>Nil</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr><tr>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 44.65pt"></font>Nil</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 44.65pt"></font>Nil</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Hannes Portmann</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vice President,&#160;&#160;Corporate Development</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;8,650</font></div>
</td>
<td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 44.65pt"></font>Nil</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;95,275</font></div>
</td>
</tr><tr>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3,800</font></div>
</td>
<td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 44.65pt"></font>Nil</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;39,521</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4,850</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font id="TAB1" style="MARGIN-LEFT: 44.65pt"></font>Nil</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;55,754</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td>
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Calculated using the closing price of the common shares on the TSX on December 31, 2012 and 2011 of C$11.01 and C$10.28 respectively, and converted<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">&#160;</font>to United States dollars at the respective average Bank of Canada noon exchange rates for 2012 and 2011.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Incentive Plan Awards</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table provides information regarding the incentive plan awards for each NEO outstanding as at December 31, 2012.&#160;&#160;New Gold granted 300,000 RSU to Mr. Oliphant and 250,000 RSU to Mr. Gallagher in 2011, for performance in 2010.&#160;&#160;New Gold granted PSU on February 13, 2013 to the NEOs in recognition of their performance in 2012 and as part of their 2012 compensation.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Outstanding Option and Share-Based Awards</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="bottom" width="17%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Grant Date</font></div>
</td>
<td valign="bottom" width="17%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Number of securities underlying unexercised options (#)</font></div>
</td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Option exercise price (C$)</font></div>
</td>
<td valign="bottom" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Option expiration date</font></div>
</td>
<td valign="bottom" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Value of unexercised in-the-money options ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Number of unvested Share Units (#)</font></div>
</td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Market value of unvested share-based awards</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">($) <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
</tr><tr>
<td align="left" rowspan="2" valign="middle" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Randall</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Oliphant</font></div>
</td>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -1.25pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2009 <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(5)</font></font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.25pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,500,000</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.21</font></div>
</td>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -5.75pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2016</font></div>
</td>
<td align="right" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,704,680</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -1.25pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 26, 2011 <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(5) (6)</font></font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.25pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160; 500,000</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.67</font></div>
</td>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -5.75pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 26, 2018</font></div>
</td>
<td align="right" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,670,668</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100,000</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,101,440</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -1.25pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February 10, 2012 <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(5) (7)</font></font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.25pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160; 500,000</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11.87</font></div>
</td>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -5.75pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February 10, 2017</font></div>
</td>
<td align="right" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr></table>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">30</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div>&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="bottom" width="17%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Grant Date</font></div>
</td>
<td valign="bottom" width="17%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Number of securities underlying unexercised options (#)</font></div>
</td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Option exercise price (C$)</font></div>
</td>
<td valign="bottom" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Option expiration date</font></div>
</td>
<td valign="bottom" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Value of unexercised in-the-money options ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Number of unvested Share Units (#)</font></div>
</td>
<td valign="bottom" width="8%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Market value of unvested share-based awards</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">($) <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
</tr></table>
</div>

<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" rowspan="2" valign="middle" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Robert </font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gallagher</font></div>
</td>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -1.25pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 20, 2008 <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(3)</font></font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.25pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">200,000</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6.20</font></div>
</td>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -5.75pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">March 20, 2013</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">962,385</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -1.25pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">July 8, 2008 <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(3)</font></font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.25pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; 60,000</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.84</font></div>
</td>
<td align="left" valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -5.75pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">July 7, 2013</font></div>
</td>
<td align="right" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">190,276</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -1.25pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">July 8, 2008 <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(3)</font></font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.25pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">170,000</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.84</font></div>
</td>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -5.75pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">July 7, 2013</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">539,116</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -1.25pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February 17, 2009 <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(5)</font></font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.25pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">380,000</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.71</font></div>
</td>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -5.75pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February 17, 2016</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3,155,262</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -1.25pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2009 <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(5)</font></font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.25pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">840,000</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.21</font></div>
</td>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -5.75pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2016</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6,554,621</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -1.25pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January, 26, 2011 <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(5) (6)</font></font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.25pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">400,000</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.67</font></div>
</td>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -5.75pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 26, 2018</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,336,534</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">83,334</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">917,874</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -1.25pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February 10, 2012 <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(5) (7)</font></font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.25pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">350,000</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11.87</font></div>
</td>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -5.75pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February 10, 2017</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" rowspan="2" valign="middle" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Brian </font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Penny</font></div>
</td>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -1.25pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">November 27, 2008 <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(4)</font></font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.25pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100,000</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.75</font></div>
</td>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -5.75pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">November 26, 2013</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">926,370</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -1.25pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2009 <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(5)</font></font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.25pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">200,000</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.21</font></div>
</td>
<td align="left" valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -5.75pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2016</font></div>
</td>
<td align="right" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,560,624</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -1.25pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 27, 2010 <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(5)</font></font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.25pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">400,000</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.39</font></div>
</td>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -5.75pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 27, 2017</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,649,059</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -1.25pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 26, 2011<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(5) (6)</font></font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.25pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100,000</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.67</font></div>
</td>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -5.75pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 26, 2018</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">334,134</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -1.25pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February 10, 2012 <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(5) (7)</font></font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.25pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">200,000</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11.87</font></div>
</td>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -5.75pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February 10, 2017</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ernest </font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mast</font></div>
</td>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -1.25pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">August 10, 2012</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.25pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">150,000</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10.34</font></div>
</td>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -5.75pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">August 10, 2017</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100,540</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" rowspan="2" valign="middle" width="9%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Hannes </font><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Portmann</font></div>
</td>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -1.25pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">August 8, 2008 <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(4)</font></font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.25pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; 60,000</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.00</font></div>
</td>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -5.75pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">August 8, 2015</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">540,816</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -1.25pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">November 27, 2008<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"> (4)</font></font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.25pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; 25,000</font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1.75</font></div>
</td>
<td align="left" valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -5.75pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">November 26, 2013</font></div>
</td>
<td align="right" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">231,593</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -1.25pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 27, 2010 <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(5)</font></font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.25pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">150,000</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4.39</font></div>
</td>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -5.75pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 27, 2017</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">993,397</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="9%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -1.25pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 26, 2011 <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(5) (6)</font></font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.25pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; 50,000</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.67</font></div>
</td>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -5.75pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">January 26, 2018</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">167,067</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -1.25pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February 10, 2012 <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(5) (7)</font></font></div>
</td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.25pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100,000</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11.87</font></div>
</td>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: -5.75pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">February 10, 2017</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(1)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Calculated using the closing price of New Gold&#8217;s common shares on the TSX on December 31, 2012 of C$11.01 and subtracting the exercise price of in-the-money stock options.&#160;&#160;The amount is then converted to United States dollars. The value shown in this column does not represent the actual value the individual NEO could receive.&#160;&#160;The actual gain, if any, on exercise will depend on the value of the common shares on the date of exercise.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(2)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Calculated using the closing price of New Gold&#8217;s common shares on the TSX on December 31, 2012 of C$11.01 and converted to United States dollars.&#160;&#160;The actual value realized will depend on the price of the common shares on the date of vesting.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(3)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Fully vested.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(4)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">These options were originally granted by Western Goldfields Inc. and became fully vested as a result of the 2009 Business Combination.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(5)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Option awards vest in three equal installments beginning on the first anniversary of the date of grant.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(6)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Options granted in January 2011 for performance in 2010.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(7)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Options granted in February 2012 for performance in 2011.</font></div>
</td>
</tr></table>
</div>

<div>&#160;</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table provides information regarding the value vested or earned of incentive plan awards for the financial year ended December 31, 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">31</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Value Vested or Earned During the Financial Year Ended December 31, 2012</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="middle" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="middle" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Option-based awards &#8211; Value vested during the year ($) <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="middle" width="27%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Non-equity incentive plan compensation &#8211; Value earned during the year ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Randall Oliphant</font></div>
</td>
<td align="right" valign="middle" width="27%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,458,447</font></div>
</td>
<td align="right" valign="middle" width="27%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 46.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,036,414</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Robert Gallagher</font></div>
</td>
<td align="right" valign="middle" width="27%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,624,179</font></div>
</td>
<td align="right" valign="middle" width="27%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 46.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">863,675</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Brian Penny</font></div>
</td>
<td align="right" valign="middle" width="27%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,514,612</font></div>
</td>
<td align="right" valign="middle" width="27%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 46.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ernest Mast</font></div>
</td>
<td align="right" valign="middle" width="27%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td align="right" valign="middle" width="27%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 46.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="27%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Hannes Portmann</font></div>
</td>
<td align="right" valign="middle" width="27%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 36.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">386,819</font></div>
</td>
<td align="right" valign="middle" width="27%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 46.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(1)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Calculated using the closing price of New Gold&#8217;s common shares on the TSX on December 31, 2012 of C$11.01 and subtracting the exercise price of in-the-money stock options.&#160;&#160;The amount is then converted to United States dollars. The value shown in this column does not represent the actual value the individual NEO could receive.&#160;&#160;The actual gain, if any, on exercise will depend on the value of the common shares on the date of exercise.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(2)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Amount of RSU paid out on entitlement date, converted to United States dollars.</font></div>
</td>
</tr></table>
</div>

<br>
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Optio</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">ns Exercised During the Financial Year Ended December 31, 2012</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table provides details regarding stock options exercised and sold by the NEOs during the year ended December 31, 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="bottom" width="17%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="bottom" width="19%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Number of</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">options exercised and sold</font></div>
</td>
<td valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Option</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">exercise price</font></div>
</td>
<td valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Value realized ($) <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Randall Oliphant</font></div>
</td>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 37.9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 19.05pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 19.05pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr><tr>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Robert Gallagher</font></div>
</td>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 37.9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 19.05pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 19.05pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr><tr>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Brian Penny</font></div>
</td>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 37.9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 19.05pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 19.05pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr><tr>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ernest Mast</font></div>
</td>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 37.9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 19.05pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 19.05pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr><tr>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Hannes Portmann</font></div>
</td>
<td valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 37.9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">60,000</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 19.05pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">C$2.00</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 19.05pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">600,615</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 37px">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt"><font style="DISPLAY: inline">(1)</font></font></div>
</td>
<td width="1848">
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt">Calculated using the fair market value of New Gold&#8217;s common shares acquired on exercise of the respective stock options and subtracting the respective exercise prices, and converted to United States dollars.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Termination and Change of Control Benefits</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold has entered into employment agreements with each NEO that contain termination and change of control provisions.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Randall Oliphant (Executive Chairman)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. Oliphant entered into an employment agreement with New Gold effective December 14, 2009, in connection with his appointment as Executive Chairman of New Gold on June 1, 2009.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">32</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Termination without Cause</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If Mr. Oliphant&#8217;s employment is terminated without cause, New Gold will pay any salary earned to the date of the termination of employment plus the greater of the pro-rated bonus at target or the pro-rated bonus received in the previous year.&#160;&#160;In addition, Mr. Oliphant&#8217;s employment agreement provides for a severance payment of 36 months&#8217; salary, plus the greater of two times his annual bonus at target or two times the bonus received by him in the previous bonus year.&#160;&#160;Any stock options granted before the date of the employment agreement which have not vested at the time of termination will vest immediately and shall remain exercisable until the earlier of (i) the expiry of such option, or (ii) the date which is 12 months from the date of such termination.&#160;&#160;Any stock options granted after the date of the employment agreement which are not vested will be cancelled and any stock options that are vested shall remain exercisable until the earlier of (i) the termination of such option, or (ii) such shorter period prescribed by the Board or the policies of the TSX.&#160;&#160;In addition, he shall continue to be entitled to participate, at the expense of New Gold, in New Gold&#8217;s health and medical plans (or receive a payment in lieu of continued benefits equal to 15% of salary), until the earlier of obtaining alternate coverage under the terms of any new employment or the second anniversary of the termination date.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Termination Following a Change of Control</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If there is a Change of Control of New Gold (as defined below) and within 12 months of such Change of Control (i) New Gold gives notice of its intention to terminate his employment for any reason other than just cause, or (ii) a certain event occurs (&#8220;Triggering Event&#8221; as defined below) and Mr. Oliphant elects to terminate his employment, New Gold will pay any salary earned to the date of the termination of employment plus the greater of the pro-rated bonus at target or the pro-rated bonus received in the previous year.&#160;&#160;In addition, Mr. Oliphant will receive a severance payment of 36 months&#8217; salary, plus the greater of two times his annual bonus at target or two times the bonus received by him in the previous bonus year.&#160;&#160;Any stock options granted which have not vested at the time of termination will vest immediately and shall remain exercisable until the earlier of (i) the expiry of such option, or (ii) such shorter period prescribed by the Board or the policies of the TSX.&#160;&#160;In addition, he shall continue to be entitled to participate, at the expense of New Gold, in New Gold&#8217;s health and medical plans (or receive a payment in lieu of continued benefits equal to 15% of salary), until the earlier of obtaining alternate coverage under the terms of any new employment or the second anniversary of the termination date.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Robert Gallagher (President and Chief Executive Officer)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. Gallagher entered into a new employment agreement with New Gold effective December 15, 2009.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Termination without Cause</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If Mr. Gallagher&#8217;s employment is terminated without cause, New Gold will pay any salary earned to the date of the termination of employment plus the greater of the pro-rated bonus at target or the pro-rated bonus received in the previous year.&#160;&#160;In addition, Mr. Gallagher&#8217;s employment agreement provides for a severance payment of 36 months&#8217; salary, plus the greater of two times his annual bonus at target or two times the bonus received by him in the previous bonus year.&#160;&#160;Any stock options granted before the date of the employment agreement which have not vested at the time of termination will vest immediately and shall remain exercisable until the earlier of (i) the expiry of such option, or (ii) the date which is 12 months from the date of such termination.&#160;&#160;Any stock options granted after the date of the employment agreement which are not vested will be cancelled and any stock options that are vested shall remain exercisable until the earlier of (i) the expiry of such option, or (ii) such shorter period prescribed by the Board or the policies of the TSX.&#160;&#160;In addition, he shall continue to be entitled to participate, at the expense of New Gold, in New Gold&#8217;s health and medical plans (or receive a payment in lieu of continued benefits equal to 15% of salary), until the earlier of obtaining alternate coverage under the terms of any new employment or the second anniversary of the termination date.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">33</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Termination Following a Change of Control</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If there is a Change of Control of New Gold and within 12 months of such Change of Control (i) New Gold gives notice of its intention to terminate his employment for any reason other than just cause, or (ii) a Triggering Event occurs and Mr. Gallagher elects to terminate his employment, New Gold will pay any salary earned to the date of the termination of employment plus the greater of the pro-rated bonus at target or the pro-rated bonus received in the previous year.&#160;&#160;In addition, Mr. Gallagher will receive a severance payment of 36 months&#8217; salary, plus the greater of two times his annual bonus at target or two times the bonus received by him in the previous bonus year.&#160;&#160;Any stock options granted which have not vested at the time of termination will vest immediately and shall remain exercisable until the earlier of (i) the expiry of such option, or (ii) such shorter period prescribed by the Board or the policies of the TSX.&#160;&#160;In addition, he shall continue to be entitled to participate, at the expense of New Gold, in New Gold&#8217;s health and medical plans (or receive a payment in lieu of continued benefits equal to 15% of salary), until the earlier of obtaining alternate coverage under the terms of any new employment or the second anniversary of the termination date.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Brian Penny (Executive Vice President and Chief Financial Officer)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. Penny entered into an employment agreement with New Gold effective December 4, 2009, in connection with his appointment as Executive Vice President and Chief Financial Officer of New Gold on June 1, 2009.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Termination without Cause</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If Mr. Penny&#8217;s employment is terminated without cause, New Gold will pay any salary earned to the date of the termination of employment plus the greater of the pro-rated bonus at target or the pro-rated bonus received in the previous year.&#160;&#160;In addition, Mr. Penny&#8217;s employment agreement provides for a severance payment of 12 months&#8217; salary, and incentive bonus plus one month&#8217;s salary and incentive bonus per year of service to a maximum of 18 months&#8217; salary and incentive bonus.&#160;&#160;For this purpose incentive bonus is calculated as the greater of annual bonus at target or the bonus received by him in the previous bonus year.&#160;&#160;Any stock options granted before the date of the employment agreement which have not vested at the time of termination will vest immediately and shall remain exercisable until the earlier of (i) the expiry of such option, or (ii) the date which is 12 months from the date of such termination.&#160;&#160;Any stock options granted after the date of the employment agreement which are not vested will be cancelled and any stock options that are vested shall remain exercisable until the earlier of (i) the expiry of such option, or (ii) such shorter period prescribed by the Board or the policies of the TSX.&#160;&#160;In addition, he shall continue to be entitled to participate, at the expense of New Gold, in New Gold&#8217;s health and medical plans (or receive a payment in lieu of continued benefits equal to 15% of salary), until the earlier of obtaining alternate coverage under the terms of any new employment or the period used to determine the severance payment above.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Termination Following a Change of Control</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If there is a Change of Control of New Gold and within 12 months of such Change of Control (i) New Gold gives notice of its intention to terminate his employment for any reason other than just cause, or (ii) a Triggering Event occurs and Mr. Penny elects to terminate his employment, New Gold will pay any salary earned to the date of the termination of employment plus the greater of the pro-rated bonus at target or the pro-rated bonus received in the previous year.&#160;&#160;In addition, Mr. Penny will receive a severance payment of 24 months&#8217; salary, plus the greater of two times his annual bonus at target or two times the bonus received by him in the previous bonus year.&#160;&#160;Any stock options granted which have not vested at the time of termination will vest immediately and shall remain exercisable until the earlier of (i) the expiry of such option, or (ii) the date which is 12 months from the date of such termination.&#160;&#160;In addition, he shall continue to be entitled to participate, at the expense of New Gold, in New Gold&#8217;s health and medical plans (or receive a payment in lieu of continued benefits equal to 15% of salary), until the earlier of obtaining alternate coverage under the terms of any new employment or the second anniversary of the termination date.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">34</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Ernest Mast (Vice President Operations)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. Mast entered into an employment agreement with New Gold effective July 15, 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Termination without Cause</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If Mr. Mast&#8217;s employment is terminated without cause, New Gold will pay any salary earned to the date of the termination of employment plus the greater of the pro-rated bonus at target or the pro-rated bonus received in the previous year.&#160;&#160;In addition, Mr. Mast&#8217;s employment agreement provides for a severance payment of 12 months&#8217; salary, and incentive bonus plus one month&#8217;s salary and incentive bonus per year of service to a maximum of 18 months&#8217; salary and incentive bonus.&#160;&#160;For this purpose, incentive bonus is calculated as the greater of annual bonus at target or the bonus received by him in the previous bonus year.&#160;&#160;Any stock options that are not vested will be cancelled and any stock options that are vested at the time of termination shall remain exercisable until the earlier of (i) the expiry of such options, or (ii) the date which is 6 months from the date of such termination.&#160;&#160;In addition, he shall continue to be entitled to participate, at the expense of New Gold, in New Gold&#8217;s health and medical plans (or receive a payment in lieu of continued benefits equal to 15% of salary), until the earlier of obtaining alternate coverage under the terms of any new employment or the period used to determine the severance payment above.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Termination Following a Change of Control</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If there is a Change of Control of New Gold and within 12 months of such Change of Control (i) New Gold gives notice of its intention to terminate his employment for any reason other than just cause, or (ii) a Triggering Event occurs and Mr. Mast&#8217;s elects to terminate his employment, New Gold will pay any salary earned to the date of the termination of employment plus the greater of the pro-rated bonus at target or the pro-rated bonus received in the previous year.&#160;&#160;In addition, Mr. Mast&#8217;s will receive a severance payment of 24 months&#8217; salary, plus the greater of two times his annual bonus at target or two times the bonus received by him in the previous bonus year.&#160;&#160;Any stock options granted which have not vested at the time of termination will vest immediately and shall remain exercisable until the earlier of (i) the expiry of such option, or (ii) the date which is 12 months from the date of such termination.&#160;&#160;In addition, he shall continue to be entitled to participate, at the expense of New Gold, in New Gold&#8217;s health and medical plans (or receive a payment in lieu of continued benefits equal to 15% of salary), until the earlier of obtaining alternate coverage under the terms of any new employment or the second anniversary of the termination date.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Hannes Portmann (Vice President, Corporate Development)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Mr. Portmann entered into a new employment agreement with New Gold effective December 1, 2009.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Termination without Cause</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If Mr. Portmann&#8217;s employment is terminated without cause, New Gold will pay any salary earned to the date of the termination of employment plus the greater of the pro-rated bonus at target or the pro-rated bonus received in the previous year.&#160;&#160;In addition, Mr. Portmann&#8217;s employment agreement provides for a severance payment of 12 months&#8217; salary, and incentive bonus plus one month&#8217;s salary and incentive bonus per year of service to a maximum of 18 months&#8217; salary and incentive bonus.&#160;&#160;For this purpose incentive bonus is calculated as the greater of annual bonus at target or the bonus received by him in the previous bonus year.&#160;&#160;Any stock options that are not vested will be cancelled and any stock options that are vested at the time of termination shall remain exercisable until the earlier of (i) the expiry of such options, or (ii) the date which is 6 months from the date of such termination.&#160;&#160;In addition, he shall continue to be entitled to participate, at the expense of New Gold, in New Gold&#8217;s health and medical plans (or receive a payment in lieu of continued benefits equal to 15% of salary), until the earlier of obtaining alternate coverage under the terms of any new employment or the period used to determine the severance payment above.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">35</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Termination Following a Change of Control</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If there is a Change of Control of New Gold and within 12 months of such Change of Control (i) New Gold gives notice of its intention to terminate his employment for any reason other than just cause, or (ii) a Triggering Event occurs and Mr. Portmann elects to terminate his employment, New Gold will pay any salary earned to the date of the termination of employment plus the greater of the pro-rated bonus at target or the pro-rated bonus received in the previous year.&#160;&#160;In addition, Mr. Portmann will receive a severance payment of 24 months&#8217; salary, plus the greater of two times his annual bonus at target or two times the bonus received by him in the previous bonus year.&#160;&#160;Any stock options granted which have not vested at the time of termination will vest immediately and shall remain exercisable until the earlier of (i) the expiry of such option, or (ii) the date which is 12 months from the date of such termination.&#160;&#160;In addition, he shall continue to be entitled to participate, at the expense of New Gold, in New Gold&#8217;s health and medical plans (or receive a payment in lieu of continued benefits equal to 15% of salary), until the earlier of obtaining alternate coverage under the terms of any new employment or the second anniversary of the termination date.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;&#8220;Change of Control&#8221;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A &#8220;Change of Control&#8221; is generally defined in each NEO&#8217;s employment agreement as (a) New Gold is not the surviving entity in a merger, amalgamation or other reorganization (or survives only as a subsidiary of an entity other than a previously wholly owned subsidiary of New Gold); (b) New Gold sells, leases or exchanges greater than 50% of its assets to any other person or entity (other than an affiliate of New Gold); (c) a resolution is adopted to wind up, dissolve or liquidate New Gold; (d) an acquirer acquires 40% or more voting securities; (e) as a result of or in connection with: (i) the contested election of directors or (ii) a transaction referred to in (a) above, the nominees named in the most recent management information circular of New Gold for election to the Board of directors of New Gold shall not constitute a majority of the board of directors; or (f) the Board of directors adopts a resolution to the effect that a Change of Control as defined in the employment agreements has occurred or is imminent.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#8220;Triggering Event&#8221;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A &#8220;Triggering Event&#8221; includes (a) a material adverse change in any of the officer&#8217;s duties, powers, rights, discretion, prestige, salary, benefits, perquisites, as they exist, and with respect to financial entitlements, the conditions under and manner in which they were payable, immediately before a Change of Control; (b) a diminution of title as it exists immediately before a Change of Control; (c) a change in the person or body to whom the officer reports, except if such person or body is of equivalent rank or stature or such change is as a result of the resignation or removal of such person or the persons comprising such body, providing this shall not include a change resulting from a promotion in the normal course of business; (d) a change in the location at which the officer is regularly required to carry out the terms of his employment, which is of a distance greater than 50 kilometres from the city of his normal work location; or (e) a significant increase in the amount of travel the officer is required to conduct on behalf of New Gold.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Estimated Incremental Payment on Termination following a Change of Control or Termination without Cause</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following tables detail the estimated incremental payments from New Gold to each of the NEOs on a Change of Control (with termination of employment) or on termination without cause, assuming a termination of employment occurred on December 31, 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">36</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Termination of Employment Following Change of Control</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="bottom" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Base Salary Value</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">($)</font></div>
</td>
<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Bonus Value</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">($)</font></div>
</td>
<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Benefits Value</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">($)</font></div>
</td>
<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Value of Unvested Options &amp; Share Units Vested</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total Estimated Incremental Payment</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Randall Oliphant</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 13.15pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,950,780</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 10.6pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3,001,200</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">195,078</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 9.95pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,658,331</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6,805,389</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Robert Gallagher</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 13.15pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,950,780</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 10.6pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,600,640</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">195,078</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 9.95pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,363,388</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5,109,886</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Brian Penny</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 13.15pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">800,320</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 10.6pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,000,400</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">120,048</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 9.95pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">111,380</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,032,148</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ernest Mast</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 13.15pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">760,304</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 10.6pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">370,148</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">114,046</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 9.95pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">55,690</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,254,169</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Hannes Portmann</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 13.15pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">520,208</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 10.6pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">600,240</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">78,031</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 9.95pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100,540</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,345,038</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total:</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 13.15pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">5,982,392</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 10.6pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">6,572,628</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">702,281</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 9.95pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3,289,329</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">16,546,630</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(1)</font>&#160;&#160;</font></font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Calculated using the closing price of New Gold&#8217;s common shares on the TSX as at December 31, 2012 by subtracting the exercise price from the share price as at December 31, 2012 and multiplying by the number of unvested in-the-money options that would have vested on termination of employment and multiplying the number of share units that would have vested on termination of employment by the share price as at December 31, 2012.&#160;&#160;Options granted in 2013 are not included in this value.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(2)</font>&#160;&#160;</font></font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">These amounts do not include any salary payable or pro-rata bonus payable to the date of termination of employment.</font></div>
</td>
</tr></table>
</div>

<div>&#160;</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Termination of Employment without Cause</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="bottom" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Base Salary Value</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">($)</font></div>
</td>
<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Bonus Value</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">($)</font></div>
</td>
<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Benefits Value</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">($)</font></div>
</td>
<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Value of Unvested Options &amp; Share Units Vested</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total Estimated Incremental Payment</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Randall Oliphant</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.7pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,950,780</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.7pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3,001,200</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 14.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">195,078</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.7pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5,147,058</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Robert Gallagher</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.7pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,950,780</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.7pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,600,640</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 14.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">195,078</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.7pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3,746,498</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Brian Penny</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.7pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">600,240</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.7pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">750,300</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 14.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">90,036</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.7pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,440,576</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ernest Mast</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.7pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">380,152</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.7pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">185,074</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 14.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">57,023</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.7pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">622,249</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Hannes Portmann</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.7pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">346,805</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.7pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">400,160</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 14.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">52,021</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.7pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">798,986</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total:</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.7pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">5,228,757</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.7pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">5,937,374</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 14.5pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">589,236</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.7pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">0</font></div>
</td>
<td align="right" valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">11,755,367</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(1)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Calculated using the closing price of New Gold&#8217;s common shares on the TSX as at December 31, 2012 by subtracting the exercise price from the share price as at December 31, 2012 and multiplying by the number of unvested in-the-money options that would have vested on termination of employment and multiplying the number of share units that would have vested on termination of employment by the share price as at December 31, 2012.&#160;&#160;Options granted in 2013 are not included in this value.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(2)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">These amounts do not include any salary payable or pro-rata bonus payable to the date of termination of employment.</font></div>
</td>
</tr></table>
</div>

<br>
</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">37</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">Director Compensation</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div>
<hr style="COLOR: saddlebrown" align="left" noshade size="1" width="100%">
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold pays an annual retainer of C$100,000 to each non-executive director and C$15,000 to the Chairman of the Audit Committee.&#160;&#160;The annual retainer is required to be taken with a minimum of 50% as deferred share units (&#8220;DSU&#8221;), at a director&#8217;s election.&#160;&#160;New Gold does not pay per-meeting fees.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All reasonable expenses incurred by a director in attending meetings of the Board, committee meetings or shareholder meetings, together with all expenses properly and reasonably incurred by any director in the conduct of New Gold&#8217;s business or in the discharge of his duties as a director are paid by New Gold.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold has a policy that stock option grants to non-executive directors shall not exceed 1% of the Company&#8217;s outstanding issued common shares; provided further that the maximum value of stock options which may be granted to each non-executive director shall not exceed C$100,000 in any fiscal year.&#160;&#160;Of the stock options granted to non-executive directors, 717,700 stock options remained outstanding as at December 31, 2012, which equates to 0.15% of the Company&#8217;s issued and outstanding common shares.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">During the financial year ended December 31, 2012, an aggregate of $141,724 was paid in cash to the non-executive directors, and New Gold granted an aggregate of 143,300 stock options and 45,201 DSU to the non-executive directors.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Director Compensation Table</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table provides information regarding compensation paid to New Gold&#8217;s non-executive directors during the financial year ended December 31, 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Annual Retainer</font></div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#8211; Cash ($)</font></div>
</td>
<td valign="bottom" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Annual Retainer &#8211; </font></div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Share-Based Awards($) <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="bottom" width="16%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Option-based awards ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top"> (2)</font></font></div>
</td>
<td valign="bottom" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">All other compensation ($)</font></div>
</td>
<td valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total ($)</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">David Emerson</font></div>
</td>
<td valign="middle" width="25%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 13.9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160; 41,684</font></div>
</td>
<td valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 13.9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;43,958</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.8pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">92,945</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.8pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160; 178,587</font></div>
</td>
</tr><tr>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">James Estey</font></div>
</td>
<td valign="bottom" width="25%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 13.9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 13.9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">125,784</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.8pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">92,093</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.8pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160; 217,877</font></div>
</td>
</tr><tr>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vahan Kololian</font></div>
</td>
<td valign="bottom" width="25%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 13.9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160; 50,020</font></div>
</td>
<td valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 13.9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; 54,687</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.8pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">92,093</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.8pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160; 196,800</font></div>
</td>
</tr><tr>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Martyn Konig</font></div>
</td>
<td valign="bottom" width="25%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 13.9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 13.9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">109,373</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.8pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">92,093</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.8pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160; 201,466</font></div>
</td>
</tr><tr>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pierre Lassonde</font></div>
</td>
<td valign="bottom" width="25%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 13.9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 13.9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">109,373</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.8pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">92,093</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.8pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160; 201,466</font></div>
</td>
</tr><tr>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Raymond Threlkeld</font></div>
</td>
<td valign="bottom" width="25%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 13.9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">50,020</font></div>
</td>
<td valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 13.9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; 54,687</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.8pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">92,093</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.8pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;&#160;&#160; 196,800</font></div>
</td>
</tr><tr>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">TOTALS</font></div>
</td>
<td valign="bottom" width="25%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 13.9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">141,724</font></div>
</td>
<td valign="bottom" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 13.9pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">497,862</font></div>
</td>
<td valign="bottom" width="16%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.8pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">553,410</font></div>
</td>
<td valign="bottom" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.8pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">-</font></div>
</td>
<td valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1,192,996</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(1)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Annual Retainer taken in DSU instead of cash.&#160;&#160;Value of share based awards calculated by multiplying the number of DSU by C$11.01 being the closing price of New Gold&#8217;s common shares on the TSX as at December 31, 2012 and converted at an exchange rate of C$1.00 = US$1.0004 being the average noon rate quoted by the Bank of Canada for 2012.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(2)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Valued using the Black-Scholes stock option valuation methodology, which value is shown in this column. The key assumptions made in valuing the awards are as follows:</font></div>
</td>
</tr></table>
</div>

<div>&#160;</div>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="bottom" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Grant Date</font></div>
</td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exercise Price</font></div>
</td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Risk Free Rate of Return</font></div>
</td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Volatility Estimate</font></div>
</td>
<td valign="top" width="11%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Expected Life (Years)</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Per Option Value</font></div>
</td>
<td valign="top" width="11%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exchange Rate</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(C$1.00 =)</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 10, 2012</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8.54</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.58%</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">60%</font></div>
</td>
<td valign="top" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.67</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.75</font></div>
</td>
<td valign="top" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$0.9983</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table breaks down the non-executive directors&#8217; compensation for the financial year ended December 31, 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">38</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="bottom" width="16%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Board Annual Retainer ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Committee Chair Retainer ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Committee Member Retainer ($)</font></div>
</td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Aggregate Board Attendance Fee ($)</font></div>
</td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Aggregate Committee Attendance Fee ($)</font></div>
</td>
<td valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total Fees ($)</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">David Emerson</font></div>
</td>
<td align="right" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">83,367</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 6pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.25pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 23.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">83,367</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">James Estey</font></div>
</td>
<td align="right" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100,040</font></div>
</td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 6pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">15,006</font></div>
</td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.25pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 23.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">115,046</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vahan Kololian</font></div>
</td>
<td align="right" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100,040</font></div>
</td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 6pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.25pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 23.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100,040</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Martyn Konig</font></div>
</td>
<td align="right" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100,040</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 6pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.25pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 23.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100,040</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pierre Lassonde</font></div>
</td>
<td align="right" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100,040</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 6pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.25pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 23.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100,040</font></div>
</td>
</tr><tr>
<td align="left" valign="bottom" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Raymond Threlkeld</font></div>
</td>
<td align="right" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100,040</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 6pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.25pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 23.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100,040</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">TOTALS</font></div>
</td>
<td align="right" valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">583,567</font></div>
</td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 6pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">15,006</font></div>
</td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">-</font></div>
</td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.25pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">-</font></div>
</td>
<td align="right" valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 23.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">-</font></div>
</td>
<td align="right" valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 8.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">598,573</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 18pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline">(1)</font></font></div>
</td>
<td>
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The amounts shown in these columns are retainers paid after the 2012 Annual General and Special Meeting of shareholders.&#160;&#160;Non-executive directors may elect to take their Annual Retainer in DSU instead of cash.&#160;&#160;See the &#8220;Director Compensation Table&#8221; above for more information.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Director Ownership at December 31, 2012</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table shows the number of common shares of New Gold and DSU held by each non-executive director and the value of such common shares and DSU as at December 31, 2012 and 2011 and the year-over-year change.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="bottom" width="19%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="bottom" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Year</font></div>
</td>
<td valign="bottom" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Number of Common Shares Held</font></div>
</td>
<td valign="bottom" width="14%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Number of DSU Held</font></div>
</td>
<td valign="bottom" width="17%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Amount at Risk (Total Market Value of Common Shares and DSU) ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
</tr><tr>
<td align="left" rowspan="3" valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">David Emerson</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.1pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;5,000</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3,991</font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">99,031</font></div>
</td>
</tr><tr>
<td valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;5,000</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;3,991</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">99,031</font></div>
</td>
</tr><tr>
<td rowspan="3" valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">James Estey</font></div>

<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;209,000</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;28,079</font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2,611,284</font></div>
</td>
</tr><tr>
<td valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;209,000</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;16,659</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2,346,916</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,420</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;264,368</font></div>
</td>
</tr><tr>
<td rowspan="3" valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vahan Kololian</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,125,001</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;10,098</font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;12,502,439</font></div>
</td>
</tr><tr>
<td valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,125,001</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;5,133</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;11,753,706</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4,965</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;748,733</font></div>
</td>
</tr><tr>
<td rowspan="3" valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Martyn Konig</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;150,000</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;22,743</font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,902,661</font></div>
</td>
</tr><tr>
<td valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;150,000</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;12,813</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,693,300</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;9,930</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;209,361</font></div>
</td>
</tr><tr>
<td rowspan="3" valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pierre Lassonde</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;6,500,000</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;9,930</font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;71,702,999</font></div>
</td>
</tr><tr>
<td valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;6,180,000</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;64,273,706</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;320,000</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;9,930</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;7,429,293</font></div>
</td>
</tr><tr>
<td rowspan="3" valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Raymond Threlkeld</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2012</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;121,159</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4,965</font></div>
</td>
<td valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;1,389,181</font></div>
</td>
</tr><tr>
<td valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2011</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;228,680</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;-</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;2,378,335</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Change</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(107,521 )</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.1pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;4,965</font></div>
</td>
<td valign="middle" width="14%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: right">
<div style="TEXT-ALIGN: right; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(989,154)</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 41px">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt">(1)</font></font></div>
</td>
<td width="1844">
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt">Calculated using the closing price of New Gold&#8217;s common shares on the TSX on December 31, 2012 of C$11.01 and C$10.28 respectively, and converted to United States dollars at the average noon exchange rate for 2012 of C$1.00 = US$1.0004 and for 2011 of C$1.00 = US$01.0117.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">39</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Share Ownership Policy for Directors and NEOs</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In March 2011, the Board introduced a share ownership policy for the Company&#8217;s directors as well as the Executive Chairman and the President and Chief Executive Officer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The policy requires each director, with the exception of the Executive Chairman and the President and Chief Executive Officer, own common shares or DSU equivalent in value to at least three times the annual retainer paid to directors, including the value of grants of common shares or DSU.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Executive Chairman and the President and Chief Executive Officer must own common shares and Share Units (not including stock options) equivalent in value to at least three times the Executive Chairman&#8217;s and the President and Chief Executive Officer&#8217;s respective base salaries.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">With the exception of Mr. Emerson, at the date of this Circular each director, the Executive Chairman and the President and Chief Executive Officer comply with the relevant requirements of the share ownership policy.&#160;&#160;New Gold&#8217;s share ownership policy allows a period of three years for newly elected directors to achieve compliance.&#160;&#160;As such, Mr. Emerson will have until July 2015 to comply.&#160;&#160;New Gold&#8217;s other NEOs are not required to comply with any minimum share ownership policy.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="bottom" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="bottom" width="16%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Annual Retainer Paid and/or Base Salary ($)</font></div>
</td>
<td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Minimum value of Common Shares and Share Units/or DSU required to be held ($)</font></div>
</td>
<td valign="bottom" width="16%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Value of Common Shares and Share Units/or DSU held ($) <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="bottom" width="16%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Compliance with Policy</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">David Emerson</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 22.85pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100,040</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 22.85pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">300,120</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 22.85pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">99,031</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Not Achieved<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">James Estey</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 22.85pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">115,046</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 22.85pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">345,138</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 22.85pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2,611,284</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Achieved</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vahan Kololian</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 22.85pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100,040</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 22.85pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">300,120</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 22.85pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12,502,439</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Achieved</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Martyn Konig</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 22.85pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100,040</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 22.85pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">300,120</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 22.85pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,902,661</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Achieved</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pierre Lassonde</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 22.85pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100,040</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 22.85pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">300,120</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 22.85pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">71,702,999</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Achieved</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Raymond Threlkeld</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 22.85pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">100,040</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 22.85pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">300,120</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 22.85pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,389,181</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Achieved</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Randall Oliphant</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 22.85pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">650,260</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 22.85pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,950,780</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 22.85pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">51,446,684</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Achieved</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Robert Gallagher</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 22.85pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">650,260</font></div>
</td>
<td align="right" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 22.85pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1,950,780</font></div>
</td>
<td align="right" valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 22.85pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5,323,636</font></div>
</td>
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Achieved</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(1)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Calculated using the closing price of New Gold&#8217;s common shares on the TSX on December 31, 2012 of C$11.01 and converted to United States dollars.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(2)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">New Gold&#8217;s Share Ownership Policy allows a period of three years for newly elected directors to achieve compliance.&#160;&#160;Therefore, Mr. Emerson has until 2015 to achieve compliance.</font></div>
</td>
</tr></table>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">40</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Incentive Plan Awards</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table provides information regarding the incentive plan awards for each non-executive director outstanding as at December 31, 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Outstanding Share-Based Awards and Option-Based Awards</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td colspan="2" valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Grant Date</font></div>
</td>
<td valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Number of securities underlying unexercised options (#)</font></div>
</td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Option exercise price</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(C$)</font></div>
</td>
<td valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Option expiration date</font></div>
</td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Value of unexercised in-the-money options ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Number of unvested shares or DSU (#)</font></div>
</td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Market value of unvested DSU ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">David Emerson</font></div>
</td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">August 10, 2012</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">20,300</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10.34</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">August 10, 2017</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">13,606</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3,991</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">43,958</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td colspan="2" valign="top" width="11%" bgcolor="white" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">20,300</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">13,606</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3,991</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">43,958</font></div>
</td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">James Estey</font></div>
</td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">July 8, 2008</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">34,450</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.84</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">July 8, 2013</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">109,250</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2009</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">68,000</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.21</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2014</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">530,612</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 11, 2010</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">28,000</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5.93</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 11, 2015</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">142,297</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 30, 2010</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9,985</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">109,979</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2011</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">6,674</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">73,510</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 8, 2011</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">18,700</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.59</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 8, 2016</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">26,565</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 10, 2012</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">24,600</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8.54</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 10, 2017</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">60,786</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 18, 2012</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">11,420</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">125,784</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td colspan="2" valign="top" width="11%" bgcolor="white" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">173,750</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">869,510</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">28,079</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">309,273</font></div>
</td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vahan Kololian</font></div>
</td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2009</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">68,000</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.21</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2014</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">530,612</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 11, 2010</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">28,000</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5.93</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 11, 2015</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">142,297</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2011</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5,133</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">56,537</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 8, 2011</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">18,700</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.59</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 8, 2016</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">26,565</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 10, 2012</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">24,600</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8.54</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 10, 2017</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">60,786</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 18, 2012</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,965</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">54,687</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td colspan="2" valign="top" width="11%" bgcolor="white" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">139,300</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">760,260</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">10,098</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">111,224</font></div>
</td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Martyn Konig</font></div>
</td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2009</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">68,000</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.21</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2014</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;530,612</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 11, 2010</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">28,000</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5.93</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 11, 2015</font></div>
</td>
<td align="right" valign="top" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;142,297</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 30, 2010</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7,680</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">84,591</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2011</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5,133</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">56,537</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 8, 2011</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">18,700</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.59</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 8, 2016</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">26,565</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 10, 2012</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">24,600</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8.54</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 10, 2017</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">60,786</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 18, 2012</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9,930</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">109,373</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td colspan="2" valign="top" width="11%" bgcolor="white" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">139,300</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">760,260</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">22,743</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">250,501</font></div>
</td>
</tr></table>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">41</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div>&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td colspan="2" valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Grant Date</font></div>
</td>
<td valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Number of securities underlying unexercised options (#)</font></div>
</td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Option exercise price</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(C$)</font></div>
</td>
<td valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Option expiration date</font></div>
</td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Value of unexercised in-the-money options ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="bottom" width="9%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Number of unvested shares or DSU (#)</font></div>
</td>
<td valign="bottom" width="10%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Market value of unvested DSU ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
</tr></table>
</div>

<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" colspan="2" valign="top" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pierre Lassonde</font></div>
</td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">July 8, 2008</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">34,450</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">7.84</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">July 8, 2013</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">109,250</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2009</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">68,000</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3.21</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 2, 2014</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">530,612</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 11, 2010</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">28,000</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5.93</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 11, 2015</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">142,297</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 8, 2011</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">18,700</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.59</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 8, 2016</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">26,565</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 10, 2012</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">24,600</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8.54</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 10, 2017</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">60,786</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 18, 2012</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9,930</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">109,373</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td colspan="2" valign="top" width="11%" bgcolor="white" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">173,750</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">869,510</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">9,930</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">109,373</font></div>
</td>
</tr><tr>
<td align="left" colspan="2" valign="top" width="11%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.95pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Raymond Threlkeld</font></div>
</td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 11, 2010</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">28,000</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5.93</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 11, 2015</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">142,297</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 8, 2011</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">18,700</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">9.59</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 8, 2016</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">26,565</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 10, 2012</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">24,600</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">8.54</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 10, 2017</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">60,786</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td colspan="2" valign="top" width="11%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 18, 2012</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4,965</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">54,687</font></div>
</td>
</tr><tr bgcolor="whitesmoke">
<td colspan="2" valign="top" width="11%" bgcolor="white" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">71,300</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">229,648</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">4,965</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">54,687</font></div>
</td>
</tr><tr>
<td colspan="2" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 12.6pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Total</font></div>
</td>
<td align="right" valign="middle" width="11%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.75pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">717,700</font></div>
</td>
<td valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3,502,794</font></div>
</td>
<td align="right" valign="middle" width="9%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">79,806</font></div>
</td>
<td align="right" valign="middle" width="10%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 7.2pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">879,016</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(1)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Calculated using the closing price of New Gold&#8217;s common shares on the TSX on December 31, 2012 of C$11.01, and subtracting the exercise price of in-the-money stock options, and converted to United States dollars.&#160;&#160;The value shown in this column does not represent the actual value the individual director could receive.&#160;&#160;The actual gain, if any, on exercise will depend on the value of New Gold&#8217;s common shares on the date of exercise.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(2)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Calculated using the closing price of New Gold&#8217;s common shares on the TSX on December 31, 2012 of C$11.01, and converted to United States dollars.&#160;&#160;The actual value realized will depend on the price of New Gold&#8217;s common shares on the date of vesting.</font></div>
</td>
</tr></table>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table provides information regarding the value vested or earned of incentive plan awards for each non-executive director holding that position as at December 31, 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Value Vested During the Financial Year Ended December 31, 2012</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="bottom" width="30%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="bottom" width="30%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Option-based awards &#8211; value vested during the year ($)<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">David Emerson</font></div>
</td>
<td align="right" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 66.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">James Estey</font></div>
</td>
<td align="right" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 66.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">233,158</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vahan Kololian</font></div>
</td>
<td align="right" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 66.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">233,158</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Martyn Konig</font></div>
</td>
<td align="right" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 66.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">233,158</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pierre Lassonde</font></div>
</td>
<td align="right" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 66.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">233,158</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 9pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Raymond Threlkeld</font></div>
</td>
<td align="right" valign="top" width="30%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 66.35pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">233,158</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">42</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 40px">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt">(1)</font></font></div>
</td>
<td width="1845">
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt">Calculated using the closing price of New Gold&#8217;s common shares on the TSX on December 31, 2012 of C$11.01 and subtracting the exercise price of in-the-money stock options.&#160;&#160;The amount is then converted to United States dollars. The value shown in this column does not represent the actual value the individual director could receive.&#160;&#160;The actual gain, if any, on exercise will depend on the value of New Gold&#8217;s common shares on the date of exercise.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Options Exercised during the Financial Year Ended December 31, 2012</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table provides details regarding stock options exercised and sold by each director during the year ended December 31, 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Option Exercises during the Financial Year Ended December 31, 2012</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="bottom" width="17%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Name</font></div>
</td>
<td valign="bottom" width="19%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Number of</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">options exercised and sold</font></div>
</td>
<td valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Option</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">exercise price</font></div>
</td>
<td valign="bottom" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Value realized ($) <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">James Estey</font></div>
</td>
<td align="right" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 37.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 19.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vahan Kololian</font></div>
</td>
<td align="right" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 37.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 19.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Martyn Konig</font></div>
</td>
<td align="right" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 37.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 19.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Nil</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pierre Lassonde <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
<td align="right" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 37.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">300,000</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$9.30</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 19.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$15,006</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Craig Nelsen<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(3)</font></font></div>
</td>
<td align="right" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 37.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">151,690</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$5.10</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 19.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$814,535</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="17%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Raymond Threlkeld</font></div>
</td>
<td align="right" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 37.9pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">68,000</font></div>
</td>
<td valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$3.21</font></div>
</td>
<td align="right" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 19.05pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$487,331</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(1)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Calculated using the fair market value of New Gold&#8217;s common shares acquired on exercise of the respective stock options and subtracting the respective exercise prices, and converted to United States dollars.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(2)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Mr. Lassonde exercised these options but continues to hold common shares of New Gold.</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">(3)</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 9pt">Mr. Nelsen ceased to be a director of the Company after he did not stand for re-election at the Company&#8217;s Annual General and Special Meeting held on May 2, 2012.</font></div>
</td>
</tr></table>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Deferred Share Unit Plan</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">On May 6, 2010, the Company established a director deferred share unit plan (&#8220;DSU Plan&#8221;) for the purpose of strengthening the alignment of interests between eligible directors of the Company and designated affiliates (for the purposes of this section &#8220;Directors&#8221;) and shareholders by linking a portion of annual director compensation to the future value of New Gold&#8217;s common shares. In addition, the DSU Plan was adopted for the purpose of advancing the interests of the Company through the motivation, attraction and retention of Directors, it being generally recognized that deferred share unit plans aid in attracting, retaining and encouraging director commitment and performance due to the opportunity offered to them to receive compensation in line with the value of New Gold&#8217;s common shares.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The DSU Plan is administered by the Compensation Committee. DSU are bookkeeping entries and are subject to adjustment for dividends and normal anti-dilution events including the subdivision, consolidation or reclassification of the outstanding shares. DSU are not assignable or transferable.&#160;&#160;Under the DSU Plan, Directors may elect (on an annual basis) to receive a percentage of their compensation in DSU (a director&#8217;s annual retainer must be taken with a minimum of 50% as DSU). The number of DSU granted to a Director is determined by dividing the amount of compensation elected to be taken as DSU by the closing price for a share on the TSX on the business day immediately preceding the date of grant.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">43</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A Director is only entitled to payment in respect of the DSU granted to him or her when the director ceases to be a director of the Company or an affiliate for any reason. On ceasing to be a director, the Company shall redeem each DSU held by the Director for a payment in cash, being the product of: (i) the number of DSU held by the Director on ceasing to be a director and (ii) the greater of either: (a) the weighted average trading price; or (b) the average of daily high and low board lot trading prices of New Gold&#8217;s common shares, on the TSX for the five consecutive trading days immediately prior to the date of termination. Payment will be made to the Director on such date as the Company determines not later than 60 days after the date of the director ceasing to be a Director.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Under the DSU Plan, the Compensation Committee may from time to time, amend, modify and change the provisions of the DSU Plan, provided that any amendment, modification or change to the provisions of the DSU Plan which would (a) materially increase the benefits under the DSU Plan, (b) materially modify the requirements as to eligibility for participation in the DSU Plan, and (c) terminate the DSU Plan, shall only be effective on such amendment, modification or change being approved by the Board and, if required, by the TSX and any other regulatory authorities having jurisdiction over the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">During the year ended December 31, 2012, an aggregate of 45,201 DSU were issued to Directors.&#160;&#160;Other than Craig Nelsen who redeemed 12,813 DSU after he did not stand for re-election at the Company&#8217;s 2012 Annual General and Special Meeting, no DSU were redeemed under the DSU Plan during 2012. As at March 21, 2013 there are an aggregate of 79,806<font style="DISPLAY: inline; FONT-SIZE: 10pt">&#160;</font>DSU outstanding under the DSU Plan.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Loans to Directors</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company does not make personal loans or extensions of credit to its directors or NEOs.&#160;&#160;There are no loans outstanding from the Company to any of its directors or NEOs.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Retirement Policy for Directors</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold does not have a retirement policy for its directors.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Securities Authorized for Issuance under Equity Compensation Plans</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table provides details of compensation plans under which equity securities of New Gold are authorized for issuance as at the financial year ended December 31, 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Equity Compensation Plan Information</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="middle" width="24%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Plan Category</font></div>
</td>
<td valign="middle" width="18%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Number of securities to be issued on exercise of outstanding options <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="middle" width="18%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Weighted-average price of outstanding options ($)</font></div>
</td>
<td valign="bottom" width="18%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Number of securities remaining available for future issuance under equity compensation plans <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
</tr><tr>
<td valign="middle" width="24%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Equity compensation plans approved by shareholders</font></div>
</td>
<td valign="middle" width="18%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">10,939,619</font></div>
</td>
<td valign="middle" width="18%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">$6.01</font></div>
</td>
<td valign="middle" width="18%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">12,860,527</font></div>
</td>
</tr><tr>
<td valign="middle" width="24%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;Equity compensation plans not approved by shareholders</font></td>
<td valign="middle" width="18%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;n/a</font></td>
<td valign="middle" width="18%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;n/a</font></td>
<td valign="middle" width="18%" style="BORDER-BOTTOM: black 2px solid; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">n/a&#160;</font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 39px">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt">(1)</font></font></div>
</td>
<td width="1846">
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt">Represents the number of common shares of New Gold reserved for issuance on exercise of outstanding stock options.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">44</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 39px">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt">(2)</font></font></div>
</td>
<td width="1846">
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt">Based on the maximum number of common shares of New Gold reserved for issuance on exercise of stock options under New Gold&#8217;s 2011 Plan of 23,800,146, representing 5% of the number common shares of New Gold issued and outstanding as at December 31, 2012. </font>The table below shows the percentage of options granted in 2012:</font></font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Maximum initial share reserve at December 31, 2012</font></div>
</td>
<td align="right" valign="middle" width="36%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 26.1pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">23,800,146</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total issued and outstanding shares at December 31, 2012</font></div>
</td>
<td align="right" valign="middle" width="36%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 26.1pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">476,002,911</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Total shares that may be issued on exercise of outstanding options as a percentage of total shares issued and outstanding</font></div>
</td>
<td align="right" valign="middle" width="36%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 26.1pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2.30%</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="42%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Number of options granted in 2012 (2,160,300), expressed as a percentage of the common shares of New Gold that were issued and outstanding as at December 31, 2012</font></div>
</td>
<td align="right" valign="middle" width="36%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 26.1pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">0.45%</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Stock Option Plans</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In addition to the 2011 Plan, New Gold has four historical stock option plans:&#160;&#160;the 2005 Plan; the Metallica Plan; the Peak Plan; and the Western Goldfields Plan.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2011 Plan</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The 2011 Plan was adopted by the Board on March 3, 2011 and was approved by shareholders on May 4, 2011. In accordance with the rules of the TSX, the Plan requires the approval of shareholders every three years.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As at March 21, 2013, a total of 9,381,485 options remain outstanding under the 2011 Plan.&#160;&#160;The following is a summary of the principal terms of the 2011 Plan.&#160;&#160;For the purposes of this summary, all capitalized terms have the meanings given in the 2011 Plan.&#160;&#160;A copy of the 2011 Plan is available under New Gold&#8217;s profile on SEDAR at www.sedar.com.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Purpose</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The purpose of the 2011 Plan is to advance the interests of New Gold by:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(i)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">providing eligible persons, being directors, employees, officers or Eligible Contractors (collectively, th<font style="DISPLAY: inline; FONT-WEIGHT: bold">e &#8220;</font>Eligible Persons&#8221;), with additional incentives through equity ownership;</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(ii)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">increasing the proprietary interest of Eligible Persons in the success of New Gold;</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(iii)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">encouraging Eligible Persons to remain with New Gold or its affiliates; and</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(iv)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">attracting new directors, employees, officers and service providers.</font></div>
</td>
</tr></table>
</div>

<div>&#160;</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Eligible Participants</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Options may be granted Eligible Persons of New Gold (or its affiliates). Subject to the provisions of the 2011 Plan, the Board has the authority to determine the terms, limitations, restrictions and conditions, applicable to the vesting or to the exercise of an Option, including, without limitation, the nature and duration of the restrictions, if any, to be imposed on the sale or other disposition of Shares acquired on exercise of the Option. An Eligible Person may receive Options on more than one occasion under the 2011 Plan and may receive separate Options on any one occasion.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Vesting</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board has established the vesting and other terms and conditions for an Option at the time each Option is granted.&#160;&#160;The past practice has been to vest options as to one-third of the number granted on the first anniversary of the grant date, one-third on the second anniversary and one-third on the third anniversary.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">45</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Securities Issuable under the 2011 Plan</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The aggregate number of Shares to be reserved for exercise of all Options granted under the 2011 Plan and any other security-based compensation arrangements of the Company must not exceed 5% of the Shares (on a non-diluted basis), issued and outstanding at the time of granting the Option.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The maximum number of Shares issuable to any one person under the 2011 Plan is 5% of the Shares issued and outstanding at the time of the grant (on a non-diluted basis) less the aggregate number of Shares reserved for issuance to such person under any other security-based compensation arrangements of New Gold.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The maximum number of Shares issuable to insiders under the 2011 Plan and any other security-based compensation arrangements of New Gold is 10% of the Shares issued and outstanding at the time of the grant (on a non-diluted basis). The maximum number of Shares which may be issued to insiders under the 2011 Plan and any other security-based compensation arrangements of New Gold within a 12-month period is 10% of the Shares, issued and outstanding at the time of the issuance (on a non-diluted basis). In addition, grants of Options to non-employee directors should not exceed the lesser of (i) 1% of the total number of Shares issued and outstanding at the time of issuance (on a non-diluted basis) and (ii) an annual equity value of $100,000 to each director.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exercise Price and Term</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Each Option is confirmed by an option agreement or option grant letter or other form of confirmation (electronic or otherwise) as prescribed by the Board from time to time. The Board establishes the exercise price of an Option at the time each Option is granted.&#160;&#160;The exercise price may not be less than the Market Price, being the volume weighted average trading price of the Shares on the TSX for the five trading days ending on the last trading date immediately before the date on which the Market Price is calculated.&#160;&#160;Options granted must be exercised no later than five years after the date of grant or such lesser period as the Board may approve. In the event that any Option expires during, or within 48 hours after a Company-imposed blackout period on the trading of securities of the Company, such expiry becomes the tenth day after the end of the blackout period.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Cessation or Termination of Options</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Subject to specific exceptions and restrictions outlined in the 2011 Stock Option Plan, Options are not assignable and will terminate as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(i)&#160;&#160;</font></div>
</td>
<td colspan="2" valign="top" width="98%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">if a Participant ceases to be an Eligible Person for any reason other than death or termination for cause, their Options will be cancelled:</font></div>
</td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="96%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">a.&#160;&#160;</font></div>
</td>
<td valign="top" width="96%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">90 days after the Participant ceases to be an Eligible Person or otherwise in accordance with the terms of the Participant&#8217;s employment agreement;</font></div>
</td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="96%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">b.&#160;&#160;</font></div>
</td>
<td valign="top" width="96%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">such longer period as may be determined by the Board, but not exceeding the original expiry date of the Option; or</font></div>
</td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="96%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">c.&#160;&#160;</font></div>
</td>
<td valign="top" width="96%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">immediately if the Options are unvested at the date the Participant ceases to be an Eligible Person unless the Board determines otherwise;</font></div>
</td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="96%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(ii)&#160;&#160;</font></div>
</td>
<td colspan="2" valign="top" width="98%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">if a Participant ceases to be an Eligible Person because their relationship with the Company or an Affiliate is terminated for cause by the Company or an Affiliate, their Options will be cancelled immediately after the Participant ceases to be an Eligible Person; or</font></div>
</td>
</tr></table>
</div>

<div>&#160;</div>
</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">46</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div>&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div style="TEXT-ALIGN: left">
<table cellpadding="0" cellspacing="0" width="100%" style="TEXT-ALIGN: left; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr style="TEXT-ALIGN: left;">
<td valign="top" width="2%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(iii)&#160;&#160;</font></div>
</td>
<td align="left" colspan="2" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">if a Participant ceases to be an Eligible Person as a result of their death, all Options unvested at the date of the Participant&#8217;s death will vest immediately and their Options will be cancelled:</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="96%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">a.&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="96%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">180 days after their death; or</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="96%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="right" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">b.&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="96%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">such longer period as may be determined by the Board, but not exceeding the original expiry date of the Option to a maximum of 12 months.</font></div>
</td>
</tr></table>
</div>

<div><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Assignability</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Options are non-assignable and non-transferable by a Participant otherwise than by will or the laws of descent and distribution and are exercisable only by the Participant during the lifetime of the Participant and only by the Participant&#8217;s legal representative after death of the Participant (in accordance with the 2011 Plan).</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Notwithstanding, Options may be assigned by an Eligible Person to whom an Option has been granted to a Permitted Assign (as such term is defined in the 2011 Plan) of such Eligible Person, following which such Options shall be non-assignable and non-transferable by such Permitted Assign, except to another Permitted Assign, otherwise than by will or the laws of descent and distribution, and shall be exercisable only by such Permitted Assign during the lifetime of such Permitted Assign and only by such Permitted Assign&#8217;s legal representative after death of such Permitted Assign.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Amendment Provisions</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Subject to any applicable regulatory or stock exchange requirements or restrictions in the 2011 Plan, the Board may at any time and without shareholder approval, terminate the 2011 Plan or amend the provisions of the 2011 Plan or any Options granted under it, including without limitation amendments</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(i)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">related to the exercise of Options, including the inclusion of a cashless exercise feature where payment is in cash or Shares or otherwise;</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(ii)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">deemed by the Board to be necessary or advisable because of any change in applicable securities laws or other laws;</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(iii)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">to the definitions;</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(iv)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">to the change of control provisions;</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(v)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">relating to the administration of the 2011 Plan;</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(vi)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">to the vesting provisions of any outstanding Option;</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(vii)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">to postpone or adjust any exercise of an Option or the issuance of any Shares pursuant to the 2011 Plan in order to permit New Gold to effect or maintain registration of the 2011 Plan or the Shares issuable pursuant to the 2011 Plan under the securities laws of any applicable jurisdiction, or to determine that the Shares and the 2011 Plan are exempt from such registration; or</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(viii)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">fundamental or otherwise, not requiring Shareholder approval under applicable law or the rules of an Exchange, including amendments of a &#8220;clerical&#8221; or &#8220;housekeeping&#8221; nature and amendments to ensure that the Options granted under the 2011 Plan will comply with any provisions respecting income tax and other laws in force in any country or jurisdiction of which an Eligible Person may from time to time be resident or a citizen.</font></div>
</td>
</tr></table>
</div>

<div>&#160;</div>
</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">47</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board may not amend the following provisions of the 2011 Plan without first having obtained the approval of a majority of Shareholders voting at a duly called and held meeting of Shareholders:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(i)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">an increase in the maximum number of Shares which may be issued under the 2011 Plan;</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(ii)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">an increase in the ability of the Board to amend the 2011 Plan without shareholder approval;</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(iii)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the definitions of &#8220;Eligible Person&#8221; and &#8220;Permitted Assigns&#8221;;</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(iv)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the exercise price of any Option issued under the 2011 Plan where such amendment reduces the exercise price of such Option;</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(v)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the term of any Option issued under the 2011 Plan; or</font></div>
</td>
</tr><tr>
<td valign="top" width="2%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="98%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="2%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(vi)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="98%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the transfer provisions of the 2011 Plan.</font></div>
</td>
</tr></table>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In addition, the Board may not amend the 2011 Plan to increase Insider participation limits without first having obtained the approval of a majority of Shareholders voting at a duly called and held meeting of Shareholders excluding shares voted by Insiders who are Eligible Persons.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Western Goldfields Plan</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As at March 21, 2013, a total of 796,667options remain outstanding under the former Western Goldfields stock option plan (&#8220;Western Goldfields Plan&#8221;), which, as a result of the 2009 Business Combination are now exercisable for common shares of New Gold.&#160;&#160;No new options will be granted under the Western Goldfields Plan.&#160;&#160;The exercise price of the existing options ranges from C$0.75 to C$3.74. Options issued under this plan had a term not exceeding seven years and the last of the options issued under the Western Goldfields Plan will expire on September 1, 2015.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">If a holder of an option ceases to be a service provider to New Gold (other than as a result of the death of such holder), such holder&#8217;s options terminate on the earlier of (i) 90 days after the holder ceases to be a service provider and (ii) the original expiry date of the option; if a holder of an option dies while he or she is a service provider, such holder&#8217;s options terminate on the earlier of (i) one year after the date of death of the holder and (ii) the original expiry date of the option.&#160;&#160;Options may not be assigned or transferred, except by will or by the laws of descent and distribution.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">[Remainder of page intentionally blank]</font></div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">48</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">CORPORATE GOVERNANCE PRACTICES</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font>

<hr style="COLOR: saddlebrown" align="left" noshade size="1" width="100%">
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The National Policy 58-201 <font style="FONT-STYLE: italic; DISPLAY: inline">Corporate Governance Guidelines</font> (&#8220;Governance Guidelines&#8221;) and National Instrument 58-101 <font style="FONT-STYLE: italic; DISPLAY: inline">Disclosure of Corporate Governance Practices</font> (&#8220;Governance Disclosure Rule&#8221;) form the regulatory framework for New Gold&#8217;s Corporate Governance practices.&#160;&#160;The Governance Guidelines deal with matters such as the constitution and independence of corporate boards, their functions, the effectiveness and education of board members and other items dealing with sound corporate governance practices.&#160;&#160;The Governance Disclosure Rule requires that, if management of an issuer solicits proxies from its shareholders for the purpose of electing directors, specified disclosure of its corporate governance practices must be included in its management information circular.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold and the Board recognize the importance of corporate governance to the effective management of New Gold and to the protection of its employees and shareholders.&#160;&#160;New Gold&#8217;s approach to significant issues of corporate governance is designed with a view to ensuring that the business and affairs of New Gold are effectively managed so as to enhance shareholder value.&#160;&#160;The Board fulfills its mandate directly and through its committees at regularly scheduled meetings and as required.&#160;&#160;Frequency of meetings may be increased and the nature of the agenda items may be changed depending on the state of New Gold&#8217;s affairs and in light of opportunities or risks which New Gold faces.&#160;&#160;The directors are kept informed of New Gold&#8217;s operations at these meetings as well as through reports and discussions with management on matters within their particular areas of expertise.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold&#8217;s corporate governance practices have been, and continue to be, in compliance with applicable Canadian and United States regulatory requirements.&#160;&#160;New Gold continues to monitor developments in Canada and the United States with a view to further revising its governance policies and practices, as appropriate.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following is a description of New Gold&#8217;s corporate governance practices as reported by the Corporate Governance and Nominating Committee and approved by the Board.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">BOARD OF DIRECTORS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<hr style="COLOR: saddlebrown" align="left" noshade size="1" width="100%">
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Independence of the Board</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board, in consultation with the Corporate Governance and Nominating Committee, annually reviews the relationship between each director and the Company in order to determine if each director is or remains independent within the meaning of the Governance Guidelines.&#160;&#160;In addition, annual peer assessments by each director assess the independence of the other directors.&#160;&#160;With the assistance of the Corporate Governance and Nominating Committee, the Board has considered the relationship to the Company of each of the Nominees for election by shareholders and has determined that six of the eight Nominees are independent for the purposes of membership on the Board.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Nominee</font></div>
</td>
<td valign="middle" width="19%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Relationship</font></div>
</td>
<td valign="middle" width="40%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Reason for Non-Independent Status</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">David Emerson</font></div>
</td>
<td align="left" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
<td align="left" valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">N/A &#8211; no material relationship.</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">James Estey</font></div>
</td>
<td align="left" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
<td align="left" valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">N/A &#8211; no material relationship.</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Robert Gallagher</font></div>
</td>
<td align="left" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Non-Independent</font></div>
</td>
<td align="left" valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Considered to have a material relationship with the Company by virtue of being the President and Chief Executive Officer of the Company.</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vahan Kololian</font></div>
</td>
<td align="left" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
<td align="left" valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">N/A &#8211; no material relationship.</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Martyn Konig</font></div>
</td>
<td align="left" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
<td align="left" valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">N/A &#8211; no material relationship.</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pierre Lassonde</font></div>
</td>
<td align="left" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
<td align="left" valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">N/A &#8211; no material relationship.</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Randall Oliphant</font></div>
</td>
<td align="left" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Non-Independent</font></div>
</td>
<td align="left" valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Considered to have a material relationship with the Company by virtue of being the Executive Chairman of the Company.</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Raymond Threlkeld</font></div>
</td>
<td align="left" valign="top" width="19%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
<td align="left" valign="top" width="40%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">N/A &#8211; no material relationship.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">49</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company has a majority of independent directors and recognizes the importance of providing leadership to its independent directors. The Chair of each of the Company&#8217;s committees is an independent director and every committee charter provides for access to information respecting the Company and to officers, employees, external auditors and legal counsel of the Company. As well, each charter states that the committees may engage separate independent counsel and advisors at the expense of the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Corporate Governance and Nominating Committee, which is a wholly independent committee, is responsible for identifying whether the Board&#8217;s mandate is effectively being carried out. Specifically, this committee reviews with the Board, on a regular basis and at least annually, the role of the Board, the terms of reference of each of the committees of the Board and the methods and processes by which the Board fulfills its duties and responsibilities.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As well, to facilitate the Board operating independently of management, the following processes are in place:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(a)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="94%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the Board has implemented a policy to hold in-camera meetings with the independent directors at the end of each Board meeting. The Chair of the Corporate Governance and Nominating Committee presides at such meetings;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(b)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="94%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">at every Board meeting, members of management, including the President and Chief Executive Officer and Executive Chairman, are not present for the discussion and determination of certain matters;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(c)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="94%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">under the Company&#8217;s Articles any one director may call a Board meeting;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(d)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="94%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the compensation of the President and Chief Executive Officer and Executive Chairman is considered in their absence by the Compensation Committee at least annually; and</font></div>
</td>
</tr><tr>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(e)&#160;&#160;</font></div>
</td>
<td align="left" valign="top" width="94%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">in addition to the standing committees of the Board, independent committees are appointed from time to time, when appropriate.</font></div>
</td>
</tr></table>
</div>

<br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Chairman</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board has appointed Randall Oliphant as its Executive Chairman.&#160;&#160;As Mr. Oliphant is not independent, he works closely with the standing committees of the Board regarding items relating to compensation, finance and corporate governance.&#160;&#160;Each of the Corporate Governance and Nominating Committee, Audit Committee and Compensation Committee is comprised entirely of independent directors.&#160;&#160;The Executive Chairman must provide leadership to directors in discharging their duties, which includes:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(a)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">promoting cohesiveness among the directors&#894; and</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(b)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">being satisfied that the responsibilities of the Board and its committees are well understood by the directors.</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td colspan="3" valign="top" width="100%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The Executive Chairman must assist the Board in discharging its stewardship function, which includes:</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(a)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">leading, managing and organizing the Board consistent with the approach to corporate governance adopted by the Board from time to time&#894;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(b)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">satisfying itself as to the integrity of the executive officers of New Gold and ensuring that such executive officers created a culture of integrity throughout the organization&#894;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(c)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">strategic planning&#894;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(d)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">identifying and managing risks&#894;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(e)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">succession planning&#894;</font></div>
</td>
</tr></table>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">50</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div>&#160;</div>

<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(f)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">together with the Corporate Governance and Nominating Committee Chair, reviewing the committees of the Board, the Chairs of such committees and the charters of such committees&#894; and</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(g)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">together with the Corporate Governance and Nominating Committee Chair, ensuring that the Board, committees of the Board, individual directors and executive officers of New Gold understand and discharge their duties and obligations under New Gold&#8217;s system of corporate governance.</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td colspan="3" valign="top" width="100%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">In connection with meetings of the directors, the Executive Chairman is responsible for the following (in consultation with the Corporate Governance and Nominating Committee Chair, as appropriate):</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(a)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">scheduling meetings of the directors&#894;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(b)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">coordinating with the Chairs of the committees of the Board to schedule meetings of the committees&#894;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(c)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">reviewing items of importance for consideration by the Board&#894;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(d)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">ensuring that all business required to come before the Board is brought before the Board, such that the Board is able to carry out all of its duties to manage or supervise the management of the business and affairs of New Gold;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(e)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">setting the agenda for meetings of the Board&#894;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(f)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">monitoring the adequacy of materials provided to the directors by management in connection with the directors' deliberations&#894;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(g)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">ensuring that the directors have sufficient time to review the materials provided to them and to fully discuss the business that comes before the Board&#894;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(h)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">presiding over meetings of the directors&#894; and</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(i)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">encouraging free and open discussion at meetings of the Board (it is also policy that in-camera meetings will be held with the independent directors at the end of each Board meeting).</font></div>
</td>
</tr></table>
</div>

<br>
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Meetings of the Board and Committees of the Board</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board meets a minimum of four times per year for each quarter and as otherwise required.&#160;&#160;Typically, each committee of the Board meets at least twice each year, or more frequently as deemed necessary by the applicable committee.&#160;&#160;The frequency of the meetings and the nature of the meeting agendas depend on the nature of the business and affairs that New Gold faces from time to time.&#160;&#160;During the financial year ended December 31, 2012, the Board met five times, the Audit Committee met four times, the Compensation Committee met three times and the Corporate Governance and Nominating Committee and the Health, Safety, Environment and Corporate Social Responsibility Committee each met twice.&#160;&#160;Below are details regarding director attendance at Board and committee meetings held during the financial year ended December 31, 2012.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Director</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Board</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Audit Committee</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Compensation Committee</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Corporate Governance and Nominating Committee</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">HSE&amp;CSR Committee</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">David Emerson <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3 of 3</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2 of 2</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1 of 1</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">James Estey <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5 of 5</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4 of 4</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1 of 1</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1 of 1</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Robert Gallagher <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5 of 5</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vahan Kololian <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5 of 5</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2 of 2</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2 of 2</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1 of 1</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2 of 2</font></div>
</td>
</tr></table>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">51</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div>&#160;</div>

<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Director</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Board</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Audit Committee</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Compensation Committee</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Corporate Governance and Nominating Committee</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">HSE&amp;CSR Committee</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Martyn Konig <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(2)</font></font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5 of 5</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">4 of 4</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3 of 3</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">1 of 1</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pierre Lassonde</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5 of 5</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">3 of 3</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2 of 2</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Randall Oliphant <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5 of 5</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="15%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Raymond Threlkeld</font></div>
</td>
<td valign="top" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">5 of 5</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">-</font></div>
</td>
<td valign="middle" width="13%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">2 of 2</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(1)</font></div>
</td>
<td valign="top" width="97%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mr. Gallagher and Mr. Oliphant are not members of any committee of the Board.</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="97%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(2)</font></div>
</td>
<td valign="top" width="97%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The attendance of the Committee members listed above is based on the number of Committee meetings the respective directors were eligible to attend during 2012.</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="97%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="97%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Various changes were made to the membership of the Board&#8217;s standing committees effective May 2, 2012 when Mr. Craig Nelsen ceased to be a director of the Company after he did not stand for re-election at the Company&#8217;s Annual General and Special Meeting.&#160;&#160;Further, Mr. Emerson was appointed as a member of the Audit Committee and Chair of the Corporate Governance and Nominating Committee following his appointment as a director effective July 1, 2012.</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="97%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="97%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mr. Emerson was eligible to attend three Board meetings, two Audit Committee meetings and one Corporate Governance and Nominating Committee meeting during 2012.</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="97%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="97%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mr. Estey ceased to be a member of the Corporate Governance and Nominating Committee and was appointed as a member of the Compensation Committee, for which he was eligible to attend one meeting during 2012.</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="97%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="97%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mr. Kololian ceased to be a member of the Audit Committee and Compensation Committee and was appointed as a member of the Corporate Governance and Nominating Committee, for which he was eligible to attend one meeting during 2012.</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="97%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="97%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mr. Konig was appointed as a member of the Health, Safety, Environment and Corporate Social Responsibility Committee, for which he was eligible to attend one meeting during 2012.</font></div>
</td>
</tr></table>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Directors&#8217; Attendance Policy</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As set out in the Board Mandate (available on New Gold&#8217;s website at www.newgold.com and attached to this Circular), Board members are expected to attend all meetings of the Board in person or by phone and to have reviewed in advance Board materials and be prepared to discuss such materials.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Independent Directors&#8217; Meetings</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board has implemented a policy to hold in-camera meetings of the independent directors at the end of each Board meeting. The Chair of the Corporate Governance and Nominating Committee presides at such meetings. In addition, at every Board meeting, members of management, including the Executive Chairman and President and Chief Executive Officer, are not present for the discussion and determination of certain matters.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All of the Committees have the option available to them of holding in-camera sessions without Messrs. Oliphant or Gallagher or other members of management in attendance.&#160;&#160;During the financial year ended December 31, 2012, all four of the Audit Committee meetings and one of the Compensation Committee meetings held in-camera sessions without Messrs. Oliphant or Gallagher or other members of management in attendance. <font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>During the financial year ended December 31, 2012 the Compensation Committee (at two of its three meetings in 2012), the Corporate Governance and Nominating Committee and the Health, Safety, Environment and Corporate Social Responsibility Committee each determined that there was no reason to hold such sessions.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">52</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Areas of Expertise</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The skills and areas of expertise possessed by each member of the Board are identified in the following table&#160;&#160;The relevant skills and areas of expertise are: experience regarding the mining industry and/or operations; experience in accounting, finance or capital markets; corporate governance; experience in health, safety and environment (&#8220;HSE&#8221;) compliance and/or risk management; public company board experience; management experience for public and/or private companies; and experience in dealing with government and legal matters.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Skill</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Emerson</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Estey</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Gallagher</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Kololian</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Konig</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Lassonde</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Oliphant</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.5pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Threlkeld</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mining Industry and Operations</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Accounting &amp; Finance</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Corporate Governance</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">HSE &amp; Risk Management</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Public Company Board</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Company Management</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="12%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Government Relations &amp; Legal</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">x</font></div>
</td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="middle" width="8%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Other Public Company Directorships/Committee Appointments</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The following table provides details regarding directorships and committee appointments held by New Gold&#8217;s directors in other public companies.&#160;&#160;None of the directors of New Gold serve together as directors on the boards of other public companies, except Messrs. Oliphant and Lassonde who are both on the board of Franco-Nevada Corporation.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Director</font></div>
</td>
<td valign="middle" width="31%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Other Public Company</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Directorships</font></div>
</td>
<td valign="middle" width="31%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Other Public Company</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Committee Appointments</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="16%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">David Emerson</font></div>
</td>
<td align="left" valign="top" width="31%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Finning International Inc. (since 2008)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td align="left" valign="top" width="31%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Chair of the Corporate Governance Committee</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Audit Committee</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pension Committee.</font></div>
</td>
</tr><tr>
<td valign="top" width="16%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="31%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Stantec Inc.&#160;&#160;(since 2009)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td align="left" valign="top" width="31%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Chair of the Corporate Governance</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Audit Committee</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pension Committee</font></div>
</td>
</tr><tr>
<td valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Maple Leaf Foods Inc. (since 2012)</font></div>
</td>
<td align="left" valign="top" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Chairman of the Board</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Corporate Governance Committee</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Environment, Health and Safety Committee</font></div>
</td>
</tr></table>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">53</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div>&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="middle" width="16%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Director</font></div>
</td>
<td valign="middle" width="31%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Other Public Company</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Directorships</font></div>
</td>
<td valign="middle" width="31%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Other Public Company</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Committee Appointments</font></div>
</td>
</tr></table>
</div>

<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">James Estey</font></div>
</td>
<td align="left" valign="top" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Gibson Energy Inc. (since August 2011)</font></div>
</td>
<td align="left" valign="top" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">n/a</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Robert Gallagher</font></div>
</td>
<td align="left" valign="top" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Southern Arc Minerals (since 2010)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Dynasty Gold Corp (since 2009)</font></div>
</td>
<td align="left" valign="top" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">n/a</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vahan Kololian</font></div>
</td>
<td align="left" valign="top" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Manicouagan Minerals Inc. (since 2001)</font></div>
</td>
<td align="left" valign="top" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Chairman of the Audit Committee</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Compensation Committee</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Martyn Konig</font></div>
</td>
<td align="left" valign="top" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">n/a</font></div>
</td>
<td align="left" valign="top" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">n/a</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pierre Lassonde</font></div>
</td>
<td align="left" valign="top" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Franco-Nevada Corporation (since 2007)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Enghouse Systems Limited (since 2000)</font></div>
</td>
<td align="left" valign="top" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Chairman of the Board</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Chairman of the Compensation Committee</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Randall Oliphant</font></div>
</td>
<td align="left" valign="top" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Franco-Nevada Corporation (since 2007)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">WesternZagros Resources Ltd. (since 2007)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Silver Bear Resources Inc. (since 2004)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
<td align="left" valign="top" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Audit Committee</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Audit Committee and Corporate Governance Committee</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160;n/a</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</td>
</tr><tr>
<td align="left" valign="top" width="16%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Raymond Threlkeld</font></div>
</td>
<td align="left" valign="top" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Rainy River Resources Ltd. (since 2009)</font></div>
</td>
<td align="left" valign="top" width="31%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">n/a</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board has determined that the simultaneous service of some of its directors on other audit committees does not impair the ability of such directors to effectively serve on New Gold&#8217;s Audit Committee.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Position Descriptions</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board has developed a written position description for the Executive Chairman as detailed in the Board&#8217;s written mandate.&#160;&#160;The Chair of each Board committee acts within the parameters set by their respective committee charters.&#160;&#160;The Board, has also, in consultation with Mr. Gallagher, developed a written position description for the President and Chief Executive Officer.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Board Mandate</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A copy of the Board&#8217;s written mandate, which sets out the responsibilities and duties of the directors, is attached as Schedule &#8220;A&#8221; to this Circular.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Succession Planning for Executive Officers</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company has a formal process for succession planning for its executive officers.&#160;&#160;As part of this process, the Compensation Committee conducts an annual review of the succession plan for the Company&#8217;s Executive Officers, including the President and Chief Executive Officer, and prepares a report to the Board on succession planning.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Compensation Committee most recently reviewed the succession plans for all of the Company&#8217;s Executive Officers, on February 27, 2013.&#160;&#160;As part of the review process the Committee: considered the risk of the relevant position becoming vacant; identified potential successors; evaluated the readiness of such potential successors to assume the relevant position; and considered the development activities that each potential successor would have to undergo to assume the relevant position.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In the event that the position of Executive Chairman or President and Chief Executive Officer becomes vacant, the entire Board is responsible for working with the Compensation Committee to evaluate and nominate potential successors to the position in accordance with the succession plan.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">54</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In addition to its annual review of the succession plan, the Compensation Committee is responsible for developing the annual performance review for the Executive Chairman and President and Chief Executive Officer and providing its recommendations to the Board. The Board assesses the effectiveness by the Executive Chairman and&#160;&#160;President and Chief Executive Officer in attaining New Gold&#8217;s corporate objectives, budgets and milestones.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Orientation and Continuing Education</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board, in conjunction with the Chair of the Corporate Governance and Nominating Committee, is responsible for ensuring that new directors are provided with an orientation and education program that includes, among other things, information about the duties and obligations of directors (including copies of the Board mandate, committee charters and Company policies), the business and operations of the Company and documents from recent Board meetings.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In regard to ongoing director education, the Chair of the Corporate Governance and Nominating Committee, in conjunction with the Executive Chairman, is responsible for ensuring that:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(a)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">all directors receive updates to Company policy documents and applicable TSX or NYSE MKT listing polices;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(b)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">regular discussions relating to corporate governance issues and directors&#8217; duties are conducted at Board meetings;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(c)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the Company&#8217;s policies are reviewed and updated by the Board as new rules or circumstances dictate; and</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(d)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">appropriate funding is allocated to directors to attend seminars or conferences relevant to their positions as directors of the Company.</font></div>
</td>
</tr></table>
</div>

<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><br>
</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All directors are expected to pursue educational opportunities as appropriate to enable them to perform their duties as directors and are encouraged to visit one of the Company&#8217;s operating sites at least once every two years.&#160;&#160;In November 2012, all of the directors, other than Raymond Threlkeld, visited the New Afton Mine and the Blackwater Project, each located in British Columbia, Canada.&#160;&#160;Mr. Threlkeld visited the New Afton Mine in November 2011.&#160;&#160;Directors have full and free access to officers and employees of the Company and may arrange meetings either directly or through the President and Chief Executive Officer.&#160;&#160;Management provides briefings to directors with respect to the business and operations of the Company at every regularly scheduled Board meeting.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Code of Business Conduct and Ethics</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company has a written code of ethics and expectations for business conduct (&#8220;Code&#8221;) for the directors, officers and employees of New Gold and its subsidiaries.&#160;&#160;The Board most recently reviewed the Code on February 28, 2013.&#160;&#160;A copy of the Code is available under New Gold&#8217;s profile on SEDAR at www.sedar.com and is posted on New Gold&#8217;s website at www.newgold.com.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All directors, officers and employees are expected to comply with the Code and sign off annually on the Code, which reaffirms the Company&#8217;s high standards of business conduct. The Code is part of New Gold&#8217;s continuing effort to ensure that it complies with all applicable laws, has an effective program to prevent and detect violations of law, and conducts its business with fairness, honesty and integrity.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board monitors compliance with the Code generally and, at least annually, the Board discusses the Code and each member certifies as to whether they have been in compliance with the Code and if they are aware of any non-compliance with the Code that they have not raised with the Corporate Secretary or other senior management of the Company during the preceding year.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">55</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Under the Code, any officer, director or employee of New Gold who suspects a violation of a law, regulation or the Code itself is obligated to report it to the Chair of the Audit Committee.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In the unlikely event of a waiver, any such waivers of the Code for directors or NEOs must be approved by the Audit Committee and such waiver will be promptly disclosed to shareholders as required by law.&#160;&#160;The Board did not grant any waiver of the Code in favour of a director or NEO during 2012 or during the past 12 months and accordingly no material change report has been required.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">A thorough discussion of the documentation related to a material transaction is required for review by the Board, particularly independent directors. Directors with an interest in a material transaction are required to declare their interest and abstain from voting on such transactions.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Whistleblower Policy</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">New Gold has adopted a Whistleblower Policy which allows its directors, officers and employees who feel that a violation of the Code has occurred, or who have concerns regarding financial statement disclosure issues, accounting, internal accounting controls or auditing matters, to report such violation to the Chair of the Audit Committee in writing, through an external hotline service provider, Global Compliance, by email or online.&#160;&#160;Concerns are reviewed as soon as possible by the Audit Committee in the manner deemed to be appropriate based on the merits of the submission and with the assistance and direction of whomever the Audit Committee deems appropriate.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Nomination of Directors</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board has established a Corporate Governance and Nominating Committee, the three members of which are independent directors.&#160;&#160;As noted in more detail below, the mandate of the Corporate Governance and Nominating Committee establishes a process for selection of new Board members, factoring in the skills and competencies the Board has, and the skills and competencies the Board should have.&#160;&#160;This process establishes the criteria for Board membership, including recommending composition of the Board.&#160;&#160;While the Corporate Governance and Nominating Committee has the primary responsibility for identifying prospective Board members, all qualified candidates proposed are considered.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">To encourage an objective nominating process, when considering potential Board nominees the Corporate Governance and Nominating Committee takes into account a number of factors, which may include the current composition of the Board, the ability of the individual candidate to contribute on an overall basis, the ability of the individual to contribute sufficient time and resources to the Board, the current and future needs of New Gold, the individual&#8217;s direct experience with public companies in general and mining companies in particular as well as the individual&#8217;s skills and knowledge and the skills and knowledge of existing members of the Board.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The overall purpose of the Corporate Governance and Nominating Committee is to:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(a)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">provide a focus on corporate governance that will enhance corporate performance;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(b)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">assist New Gold in its corporate governance responsibilities under applicable law;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(c)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">establish criteria for Board and committee membership;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(d)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">recommend composition of the Board and its committees; and</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(e)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">as circumstances arise, assess directors&#8217; performance.</font></div>
</td>
</tr></table>
</div>

<br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Corporate Governance and Nominating Committee uses the following process to identify and nominate highly qualified and dedicated director candidates for election to the Board:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">56</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="3%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(a)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the Executive Chairman, the Chair of the Corporate Governance and Nominating Committee or other members of the Board identify the need to add new Board members, with careful consideration of the mix of qualifications, skills and experience represented on the Board;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(b)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the Corporate Governance and Nominating Committee coordinates the search for qualified candidates with input from management and other Board members;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(c)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the Corporate Governance and Nominating Committee may engage a candidate search firm to assist in identifying potential nominees, if it deems such engagement necessary and appropriate;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(d)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">selected members of management and the Board will interview prospective candidates;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(e)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the Corporate Governance and Nominating Committee will recommend a nominee and seek full Board endorsement of the selected candidate, based on its judgment as to which candidate will best serve the interests of the shareholders;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(f)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the Corporate Governance and Nominating Committee may, to the extent it deems appropriate, consult with significant shareholders of the Company or other shareholders as part of the process of nominating new directors; and</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(g)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the Corporate Governance and Nominating Committee will consider any candidates submitted by shareholders on the same basis as any other candidate.</font></div>
</td>
</tr></table>
</div>

<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Any shareholder with a nomination should submit the candidate&#8217;s name, along with a curriculum vitae or other summary of qualifications, experience and skills to the Corporate Secretary of the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Committees of the Board</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board has the following four standing committees:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(a)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the Audit Committee;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(b)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the Compensation Committee;</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(c)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the Corporate Governance and Nominating Committee; and</font></div>
</td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="94%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="3%" style="TEXT-ALIGN: left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="3%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(d)&#160;&#160;</font></div>
</td>
<td valign="top" width="94%" style="TEXT-ALIGN: left">
<div style="TEXT-ALIGN: left; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">the Health, Safety, Environment and Corporate Social Responsibility Committee.</font></div>
</td>
</tr></table>
</div>

<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><br>
</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All of the committees are independent of management and report directly to the Board.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Each committee is comprised of independent directors. From time to time, when appropriate, <font style="FONT-STYLE: italic; DISPLAY: inline">ad hoc </font>committees of the Board may be appointed by the Board.&#160;&#160;The current membership of each standing committee of the Board is as follows:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="middle" width="26%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Board Committee</font></div>
</td>
<td valign="middle" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Committee Members</font></div>
</td>
<td valign="middle" width="28%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Status</font></div>
</td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="26%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Audit Committee</font></div>
</td>
<td align="left" valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">James Estey (Chair)</font></div>
</td>
<td align="left" valign="top" width="28%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="26%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">David Emerson</font></div>
</td>
<td align="left" valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="26%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Martyn Konig</font></div>
</td>
<td align="left" valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="26%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Compensation Committee</font></div>
</td>
<td align="left" valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Martyn Konig (Chair)</font></div>
</td>
<td align="left" valign="top" width="28%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="26%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">James Estey</font></div>
</td>
<td align="left" valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="26%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pierre Lassonde</font></div>
</td>
<td align="left" valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
</tr><tr>
<td align="left" rowspan="3" valign="top" width="26%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Corporate Governance and Nominating Committee</font></div>
</td>
<td align="left" valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">David Emerson (Chair)</font></div>
</td>
<td align="left" valign="top" width="28%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="26%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vahan Kololian</font></div>
</td>
<td align="left" valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="26%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Pierre Lassonde</font></div>
</td>
<td align="left" valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
</tr></table>

<div>&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">57</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div>&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr bgcolor="lightgrey">
<td valign="middle" width="26%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Board Committee</font></div>
</td>
<td valign="middle" width="25%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Committee Members</font></div>
</td>
<td valign="middle" width="28%" style="BORDER-BOTTOM: black 2px solid; BORDER-TOP: #808080 0.75pt solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Status</font></div>
</td>
</tr></table>
</div>

<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" rowspan="3" valign="top" width="26%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Health, Safety, Environment and Corporate Social Responsibility Committee</font></div>
</td>
<td align="left" valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Raymond Threlkeld (Chair)</font></div>
</td>
<td align="left" valign="top" width="28%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="26%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vahan Kololian</font></div>
</td>
<td align="left" valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
</tr><tr>
<td align="left" valign="top" width="26%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Martyn Konig</font></div>
</td>
<td align="left" valign="top" width="25%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Independent</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Audit Committee</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Audit Committee is comprised of independent directors, as described above.&#160;&#160;The Committee&#8217;s primary function is to assist the Board in fulfilling its oversight responsibilities with respect to accounting and financial reporting processes, the financial integrity of the financial statements of New Gold, compliance with legal and regulatory requirements, the overall adequacy and maintenance of the systems of internal controls that management has established and the overall responsibility for New Gold&#8217;s external and internal audit processes including the external auditor&#8217;s qualifications, independence and performance.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Further information regarding the Audit Committee is contained in New Gold&#8217;s latest annual information form (&#8220;AIF&#8221;)&#160;&#160;under the heading &#8220;Audit Committee&#8221; and a copy of the Audit Committee charter is attached to the AIF as Schedule &#8220;A&#8221;.&#160;&#160;The AIF is available under New Gold&#8217;s profile on SEDAR at www.sedar.com and as an exhibit to New Gold&#8217;s Form 40-F at www.sec.gov.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Compensation Committee</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As described under the heading &#8220;Role of the Compensation Committee&#8221;, the Compensation Committee is comprised of three independent directors, and the purpose of the Compensation Committee is to assist the board in approving and monitoring the Company&#8217;s guidelines and practices with respect to compensation and benefits, as well as administering the Company&#8217;s equity-based compensation plans.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Corporate Governance and Nominating Committee</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As described under the heading &#8220;Nomination of Directors&#8221; above, the Corporate Governance and Nominating Committee is comprised of three independent directors, and its main purpose is to establish criteria for Board and committee membership, to recommend composition of the Board and its committees and, as circumstances arise, to assess directors&#8217; performance.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Health, Safety, Environment and Corporate Social Responsibility Committee</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Health, Safety, Environment and Corporate Social Responsibility Committee&#160;&#160;is comprised of three independent directors, and its overall purpose is to review and monitor the health, safety, environmental and sustainable development policies of New Gold on behalf of the Board.&#160;&#160;The committee may investigate any activity of New Gold that relates to sustainable development and community development, environment, health and safety.&#160;&#160;The committee will have access to such officers and employees of New Gold and to independent consultants and advisors, and to such information respecting New Gold as it considers necessary in order to perform its duties and responsibilities.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Board and Director Assessments</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Corporate Governance and Nominating Committee, in conjunction with the Board, is responsible for reviewing, on an annual basis, the role of the Board, the terms of reference of each Board committee and the methods and processes by which the Board fulfills its duties and responsibilities.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">58</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In February 2013, the Corporate Governance and Nominating Committee solicited comments on a confidential basis<font style="DISPLAY: inline; FONT-WEIGHT: bold">&#160;</font>from each director regarding the performance of the Board and each Board committee, as well as individual director performance, using an online evaluation questionnaire. The topics covered by the questionnaire included the conduct of meetings, the composition of the Board and Committees as well as peer review by each director of the conduct of the Board, the Committees and their respective members.&#160;&#160;The Corporate Governance and Nominating Committee is responsible for overseeing the evaluation process, discussing the results and preparing a final report with recommendations to the Board.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board does not consider it appropriate or necessary to limit the number of terms a director may serve due to the time and effort necessary for each director to become familiar with the business of the Company. As an alternative to term limits, the Corporate Governance and Nominating Committee is responsible for reviewing director performance and the appropriate skills and characteristics required of Board members in the context of the current make-up of the Board and identifying any perceived needs on an annual basis. This is primarily achieved through the evaluation questionnaire described above.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">CONTACTING THE BOARD OF DIRECTORS</font><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></div>

<div>
<hr style="COLOR: saddlebrown" align="left" noshade size="1" width="100%">
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Shareholders and other interested parties may communicate directly with the Board by writing to the Corporate Secretary, New Gold Inc., Suite 1800 Two Bentall Centre, 555 Burrard Street, Vancouver, British Columbia, V7X 1M9, Canada.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">INDEBTEDNESS OF DIRECTORS AND EXECUTIVE OFFICERS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<hr style="COLOR: saddlebrown" align="left" noshade size="1" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">None of New Gold&#8217;s directors, executive officers or employees, or former directors, executive officers or employees, nor any associate of such individuals, is as at the date of this Circular, or has been, during the financial year ended December 31, 2012, indebted to New Gold or its subsidiaries in connection with a purchase of securities or otherwise.&#160;&#160;In addition, no indebtedness of these individuals to another entity has been the subject of a guarantee, support agreement, letter of credit or similar arrangement or understanding of New Gold or any of its subsidiaries.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">INTEREST OF CERTAIN PERSONS IN MATTERS TO BE ACTED UPON</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<hr style="COLOR: saddlebrown" align="left" noshade size="1" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">No (a) director or executive officer of New Gold who has held such position at any time since January 1, 2012; (b) proposed nominee for election as a director of New Gold; or (c) associate or affiliate of a person in (a) or (b), has any material interest, direct or indirect, by way of beneficial ownership of securities or otherwise, in any matter to be acted on at the Meeting, other than the election of directors.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">INTEREST OF INFORMED PERSONS IN MATERIAL TRANSACTIONS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<hr style="COLOR: saddlebrown" align="left" noshade size="1" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Other than as described elsewhere in this Circular, since January 1, 2012, no informed person of New Gold, Nominee for election as a director of New Gold, or any associate or affiliate of an informed person or Nominee, has or had any material interest, direct or indirect, in any transaction or any proposed transaction which has materially affected or will materially affect New Gold or any of its subsidiaries.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">OTHER MATTERS</font></div>

<div>
<hr style="COLOR: saddlebrown" align="left" noshade size="1" width="100%">
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Management of New Gold knows of no matters to come before the Meeting other than those referred to in the Notice of Meeting accompanying this Circular.&#160;&#160;However, if any other matters properly come before the meeting, it is the intention of the persons named in the form of proxy accompanying this Circular to vote the same in accordance with their best judgment of such matters.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">59</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">ADDITIONAL INFORMATION</font></div>

<div>
<hr style="COLOR: saddlebrown" align="left" noshade size="1" width="100%">
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Additional information regarding New Gold and its business activities is available on SEDAR at www.sedar.com under New Gold&#8217;s profile, at the United States Securities and Exchange Commission&#8217;s website at www.sec.gov and on New Gold&#8217;s website at www.newgold.com.&#160;&#160;Following the Meeting, the voting results for each item on the proxy, will be available on SEDAR at www.sedar.com under New Gold&#8217;s profile.&#160;&#160;New Gold&#8217;s financial information is provided in New Gold&#8217;s annual financial statements and related Management&#8217;s Discussion and Analysis for its most recently completed financial year and may be viewed on SEDAR at the location noted above and on the United States Securities and Exchange Commission&#8217;s website at the location noted above and on New Gold&#8217;s website. Shareholders may also contact New Gold by phone at 1-888-315-9715 or by email at info@newgold.com to request copies of these documents, which will be provided free of charge.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">DIRECTORS&#8217; APPROVAL</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<div>
<hr style="COLOR: saddlebrown" align="left" noshade size="1" width="100%">
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The contents of this management information circular and its distribution to the shareholders of New Gold have been approved by the Board.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">BY ORDER OF THE BOARD OF DIRECTORS</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">"Robert Gallager"</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Robert Gallagher</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">President and Chief Executive Officer</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Vancouver, British Columbia</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">March 22, 2013</font></div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">60</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Schedule A</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><img src="newgoldlogo-small.jpg" alt=""><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<hr style="COLOR: saddlebrown" align="left" noshade size="1" width="100%">
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Board of Directors Mandate</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">1.</font></div>
</td>
<td>
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Introduction</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board of Directors (the &#8220;Board&#8221;) has the responsibility for the overall stewardship of the conduct of the business of New Gold Inc. (the &#8220;Company&#8221;) and the activities of management, which is responsible for the day-to-day conduct of the business.&#160;&#160;The Board&#8217;s fundamental objectives are to enhance and preserve long-term shareholder value, to ensure that the Company meets its obligations on an ongoing basis and that the Company operates in a reliable and safe manner.&#160;&#160;In performing its functions, the Board should also consider the legitimate interests its other stakeholders such as employees, customers and communities may have in the Company.&#160;&#160;In overseeing the conduct of the business, the Board, through the Chief Executive Officer and Executive Chairman, shall set the standards of conduct for the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2.</font></div>
</td>
<td>
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Procedures and Organization</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board operates by delegating certain of its authorities to management and by reserving certain powers to itself.&#160;&#160;The Board retains the responsibility for managing its own affairs including selecting its Chair, nominating candidates for election to the Board and constituting committees of the Board.&#160;&#160;Subject to the Articles of the Company and the <font style="FONT-STYLE: italic; DISPLAY: inline">British Columbia Business Corporations Act </font>(the &#8220;Act&#8221;), the Board may constitute, seek the advice of and delegate powers, duties and responsibilities to committees of the Board.&#160;&#160;The Corporate Secretary of the Company (or in his or her absence, the person appointed by the Board to take minutes) shall have the responsibility for taking minutes of all meetings of the Board and for circulating drafts of such minutes to the directors promptly following each meeting.&#160;&#160;The Corporate Secretary of the Company shall present draft minutes from the previous meeting containing the comments and corrections received from the directors at the next succeeding Board meeting for approval and execution.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td style="WIDTH: 36pt">
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3.</font></div>
</td>
<td>
<div align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Duties and Responsibilities</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board&#8217;s principal duties and responsibilities fall into a number of categories which are outlined below.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3.1&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Legal Requirements</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board has the responsibility to ensure that legal requirements have been met and documents and records have been properly prepared, approved and maintained;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">b.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board has the statutory responsibility to:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 108pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">i.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">manage or, to the extent it is entitled to delegate such power, to supervise the management of the business and affairs of the Company by the senior officers of the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 108pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">ii.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">act honestly and in good faith with a view to the best interests of the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 108pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">iii.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">exercise the care, diligence and skill that reasonable, prudent people would exercise in comparable circumstances; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 108pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">iv.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">act in accordance with its obligations contained in the Act and the regulations thereto, the Company&#8217;s Articles, securities legislation of each province and territory of Canada, and other relevant legislation and regulations.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3.2&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Independence</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board has the responsibility to ensure that appropriate structures and procedures are in place to permit the Board to function independently of management, including endeavouring to have a majority of directors who are &#8220;independent&#8221; as defined by National Instrument 58-101.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3.3&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Strategy Determination</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board has the responsibility to ensure, at least annually, that there are long-term goals and a strategic planning process in place for the Company and to participate with management directly or through its committees in developing and approving the mission of the business of the Company and the annual strategic plan by which it proposes to achieve its goals, which strategic plan takes into account, among other things, the opportunities and risks of the Company&#8217;s business.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3.4&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Managing Risk</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board has the responsibility to identify and understand the principal risks of the business in which the Company is engaged, to achieve a proper balance between risks incurred and the potential return to shareholders, and to ensure that there are appropriate systems in place which effectively monitor and manage those risks with a view to the long-term viability of the Company.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3.5&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Division of Responsibilities</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board has the power to:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">appoint and delegate responsibilities to committees where appropriate to do so; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 72pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">b.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">develop position descriptions for:</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 108pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">i.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Board;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 108pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">ii.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Chair and/or Lead-Director of the Board;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 108pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">iii.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Chief Executive Officer; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 108pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">iv.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the Chief Financial Officer.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board shall be responsible to ensure that the Company&#8217;s officers and the directors of the Company&#8217;s subsidiaries, if any, are qualified and appropriate in keeping with the Company&#8217;s Corporate Governance Policies and that they are provided with copies of the Company&#8217;s policies for implementation by the subsidiaries.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">To assist it in exercising its responsibilities, the Board establishes four standing committees of the Board:&#160;&#160;the Audit Committee, the Compensation Committee, the Corporate Governance and Nominating Committee and the Health, Safety, Environment &amp; Corporate Social Responsibility Committee.&#160;&#160;The Board may establish other standing committees from time to time which will function in accordance with its mandate.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">2</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Each committee shall have a written mandate that clearly establishes its purpose, responsibilities, members, structure and functions.&#160;&#160;Each mandate shall be reviewed by the Board at least annually.&#160;&#160;The Board is responsible for appointing the committee members.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3.6&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Appointment, Training and Monitoring Senior Management</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board has the responsibility:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to appoint the Chief Executive Officer, to monitor and assess the Chief Executive Officer&#8217;s performance, to satisfy itself as to the integrity of the Chief Executive Officer, and to provide advice and counsel in the execution of the Chief Executive Officer&#8217;s duties;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">b.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to develop or approve the corporate goals or objectives that the Chief Executive Officer is responsible for;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">c.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to approve the appointment of all corporate officers, acting on the advice of the Chief Executive Officer and to satisfy itself as to the integrity of such corporate officers;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">d.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to ensure that adequate provision has been made to train and develop management and for the orderly succession of management;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">e.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to ensure that all new directors receive a comprehensive orientation, fully understand the role of the Board and its committees, the nature and operation of the Company&#8217;s business and the contribution that individual directors are required to make;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">f.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to create a culture of integrity throughout the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">g.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to ensure that management is aware of the Board&#8217;s expectations of management;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">h.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to set out expectations and responsibilities of directors including attendance at meetings and review of meeting materials; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">i.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to avail itself collectively and individually of the open access to the Company&#8217;s senior management and to advise the Chair of the Board of significant matters discussed.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3.7&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Policies, Procedures and Compliance</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board has the responsibility:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to ensure that the Company operates at all times within applicable laws, regulations and ethical standards; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">b.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to approve and monitor compliance with significant policies and procedures by which the Company is operated.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3.8&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Reporting and Communication</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board has the responsibility:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to ensure the Company has in place policies and programs to enable the Company to communicate effectively with its shareholders, other stakeholders and the public generally;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">b.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to ensure that the financial performance of the Company is adequately reported to shareholders, other security holders and regulators on a timely and regular basis;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">3</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">c.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to ensure the timely reporting of developments that have a significant and material impact on the value of the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">d.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to report annually to shareholders on its stewardship of the affairs of the Company for the preceding year;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">e.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to develop appropriate measures for receiving shareholder feedback; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">f.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to develop the Company&#8217;s approach to corporate governance and to develop a set of corporate governance principles and guidelines.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3.9&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Monitoring and Acting</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board has the responsibility:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to monitor the Company&#8217;s progress towards it goals and objectives and to revise and alter its direction through management in response to changing circumstances;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">b.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to take action when performance falls short of its goals and objectives or when other special circumstances warrant;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">c.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to ensure that the Company has implemented adequate internal control and management information systems which ensure the effective discharge of its responsibilities; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">d.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">to make regular assessments of the Board&#8217;s, its committees and each individual director&#8217;s effectiveness and contribution.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3.10&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;&#160;Membership and Composition</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board has the responsibility to determine:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">its appropriate size and composition;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">b.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the relevant criteria for proposed additions to the Board, having regard to areas of required expertise and the need for independent directors, as that term is defined in National Instrument 58-101 &#8220;Disclosure of Corporate Governance Practices&#8221; and the rules of the applicable exchanges;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">c.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the maximum number of boards or other engagements considered appropriate for directors, having regard to whether they are independent directors or members of management;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">d.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">any appropriate age for retirement of directors;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">e.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the recommended compensation of directors after consideration by the Compensation Committee; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 63pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">f.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">the number of meetings of the Board to be held each year and the time and place of such meetings; provided that the Board shall meet at least on a quarterly basis, and the independent directors shall meet on a regular basis as often as necessary to fulfill their responsibilities including at least annually in executive session without the presence of non-independent directors or management.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Members are expected to attend all meetings of the Board in person or by phone and to have reviewed in advance board materials and be prepared to discuss such materials.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">4</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3.11&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;&#160;Self-Assessment</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Members of the Board will be required annually to assess their own effectiveness as directors and the effectiveness of the Board in conjunction with the Company&#8217;s Directors and Officers insurance requirements.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 18pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">3.12&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">&#160;&#160;Third Party Advisors</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Board, and any individual director with the approval of the Board, may retain at the expense of the Company independent counsel and advisors in appropriate circumstances.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Chair of the Board</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Chair of the Board with the assistance of the Chair of the Corporate Governance and Nominating Committee (or a Lead-Director if one is appointed from time to time) will provide leadership to directors in discharging their duties as set out in this Charter, including by:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">leading, managing and organizing the Board consistent with the approach to corporate governance adopted by the Board from time to time&#894;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">b.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">promoting cohesiveness among the directors&#894; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">c.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">being satisfied, that the responsibilities of the Board and its committees are well understood by the directors.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Chair will (with the assistance of any Lead-Director if one is appointed from time to time) assist the Board in discharging its stewardship function, which includes:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">leading, managing and organizing the Board consistent with the approach to corporate governance adopted by the Board from time to time&#894;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">b.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">satisfying itself as to the integrity of the senior officers of the Corporation and ensuring that such senior officers created a culture of integrity throughout the organization&#894;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">c.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">strategic planning&#894;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">d.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">identifying and managing risks&#894;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">e.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">succession planning&#894;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">f.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">together with the Corporate Governance and Nominating Committee Chair, reviewing the Committees of the Board, the Chairs of such Committees and the charters of such Committees&#894; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">g.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">together with the Corporate Governance and Nominating Committee Chair, ensuring that the Board, committees of the Board, individual directors and senior management of the Company understand and discharge their duties and obligations under the Company&#8217;s system of corporate governance.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">5</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In connection with meetings of the directors, the Chair shall be responsible for the following (in consultation with the Corporate Governance and Nominating Committee Chair (alternatively with the assistance of any Lead-Director if one is appointed from time to time), as appropriate):</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">a.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">scheduling meetings of the directors&#894;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">b.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">coordinating with the Chairs of the committees of the Board to schedule meetings of the committees&#894;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">c.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">reviewing items of importance for consideration by the Board&#894;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">d.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">ensuring that all business required to come before the Board is brought before the Board, such that the Board is able to carry out all of its duties to manage or supervise the management of the business and affairs of the Company;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">e.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">setting the agenda for meetings of the Board&#894;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">f.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">monitoring the adequacy of materials provided to the directors by management in connection with the directors' deliberations&#894;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">g.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">ensuring that the directors have sufficient time to review the materials provided to them and to fully discuss the business that comes before the Board&#894;</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">h.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">presiding over meetings of the directors&#894; and</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 54pt">
<div><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">i.&#160;&#160;</font></div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">encouraging free and open discussion at meetings of the Board.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Corporate Governance and Nominating Committee will annually review and reassess the adequacy of this Mandate and submit any recommended changes to the Board for approval.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Last reviewed and approved by the Board on February 28, 2013.</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">6</font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Any questions and requests for assistance may be directed to the</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Proxy Solicitation Agent:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><img src="kingsdalelogo.jpg" alt=""><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Exchange Tower</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">130 King Street West, Suite 2950, P.O. Box 361</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Toronto, Ontario</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">M5X 1E2</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">North American Toll Free Phone:</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 24pt; FONT-WEIGHT: bold">1-866-581-1477</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Email: contactus@kingsdaleshareholder.com</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Facsimile: 416-867-2271</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Toll Free Facsimile: 1-866-545-5580</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Outside North America, Banks and Brokers Call Collect: 416-644-4031</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>

<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
<hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.7
<SEQUENCE>22
<FILENAME>a13-14720_1ex4d7.htm
<DESCRIPTION>EX-4.7
<TEXT>
<html>
<head>

    <!--Licensed to: New Gold Inc.-->
    <!--Document Created using EDGARizer 2020 5.4.4.0-->
    <!--Copyright 1995 - 2013 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
<hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
</div>

<div style="TEXT-ALIGN: right">Exhibit 4.7</div>

<div>&#160;</div>

<div>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="DocsID"><!--EFPlaceholder--></a>FORM 51-102F3</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">MATERIAL CHANGE REPORT</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">UNDER NATIONAL INSTRUMENT 51-102</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 1.</font></div>
</td>
<td align="left" valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Reporting Issuer</font></font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">New Gold Inc. (&#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">New Gold</font>&#8221; or &#8220;the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company</font>&#8221;)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Suite 1800 Two Bentall Centre, 555 Burrard Street</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vancouver, British Columbia, V7X 1M9</font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="93%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 2.</font></div>
</td>
<td align="left" valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Date of Material Change</font></font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 15, 2013</font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="93%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 3.</font></div>
</td>
<td align="left" valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-DECORATION: underline"><font style="DISPLAY: inline">News Release</font></font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">A press release with respect to this material change report was issued by New Gold on May 15, 2013&#160;through Canadian Newswire and filed on the System for Electronic Document Analysis and Retrieval.</font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="93%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 4.</font></div>
</td>
<td align="left" valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Summary of Material Change</font></font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">On May 15, 2013, New Gold announced the Company has eliminated its legacy gold hedges.</font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="93%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 5.</font></div>
</td>
<td align="left" valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Full Description of Material Change</font></font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(All figures are in US dollars unless otherwise indicated)</font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="93%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">On May 15, 2013 New Gold Inc. (&#8220;New Gold&#8221;) (TSX and NYSE MKT:NGD) announced that the company has eliminated its legacy gold hedges that were associated with the 2008 project financing put in place to develop the Mesquite mine. As a result of Mesquite&#8217;s successful start-up, the company repaid the loan in 2010, four years ahead of schedule. With the elimination of the hedges, New Gold&#8217;s gold production and gold resource base now have full leverage to the gold price.</font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="93%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">By unwinding the hedges, New Gold has removed the requirement to deliver 5,500 ounces of gold monthly at a fixed price of $801 per ounce from May 2013 through the end of 2014. In total, an additional 110,000 ounces of future production can now be sold at the prevailing spot gold price rather than the contract price of $801 per ounce. In total, the company paid $65.7 million to eliminate the gold hedges. The transaction was executed at an average spot price of $1,396 per ounce.</font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="93%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 6.</font></div>
</td>
<td valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Reliance on subsection 7.1(2) of National Instrument 51-102</font></font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The report is not being filed on a confidential basis.</font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="93%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 7.</font></div>
</td>
<td valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Omitted Information</font></font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">No information has been omitted.</font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="93%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 8.</font></div>
</td>
<td valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Executive Officer</font></font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Susan Toews, Vice President Legal Affairs, and Corporate Secretary</font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(604) 639-2003</font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="93%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="7%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 9.</font></div>
</td>
<td valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Date of Report</font></font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 16, 2012</font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="93%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Cautionary Note Regarding Forward-Looking Statements</font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Certain information contained in this material change report, including any information relating to New Gold's future financial or operating performance may be deemed "forward looking". All statements in this material change report, other than statements of historical fact, that address events or developments that New Gold expects to occur, are "forward-looking statements&#8221;. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", &#8220;projects&#8221;, &#8220;potential&#8221;, "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", &#8220;should&#8221;, "might" or "will be taken", "occur" or "be achieved" or the negative connotation. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and are subject to important risk factors and uncertainties, many of which are beyond New Gold's ability to control or predict. Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Such factors include, without limitation: significant capital requirements; fluctuations in the international currency markets and in the rates of exchange of the currencies of Canada, the United States, Australia, Mexico and Chile; price volatility in the spot and forward markets for commodities; impact of any hedging activities, including margin limits and margin calls; discrepancies between actual and estimated production, between actual and estimated reserves and resources and between actual and estimated metallurgical recoveries; changes in international, national and local government legislation in Canada, the United States, Australia, Mexico and Chile or any other country in which New Gold currently or may in the future carry on business; taxation; controls, regulations and political or economic developments in the countries in which New Gold does or may carry on business; the speculative nature of mineral exploration and development, including the risks of obtaining and maintaining the validity and enforceability of the necessary licenses and permits and complying with the permitting requirements of each jurisdiction that New Gold operates, including, but not limited to, in Canada obtaining the necessary permits for the Blackwater project, in Mexico where the Cerro San Pedro mine has a history of ongoing legal challenges related to our EIS and in Chile where the courts have temporarily suspended the approval of the environmental permit for the El Morro project; the lack of certainty with respect to foreign legal systems, which may not be immune from the influence of political pressure, corruption or other factors that are inconsistent with the rule of law; the uncertainties inherent to current and future legal challenges the company is or may become a party to; diminishing quantities or grades of reserves; competition; loss of key employees; additional funding requirements; actual results of current exploration or reclamation activities; uncertainties inherent to economic studies in respect of the PEA for the Blackwater project; changes in project parameters as plans continue to be refined; accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance or inability to obtain insurance to cover these risks) as well as "Risk Factors" included in New Gold's disclosure documents filed on and available at www.sedar.com.</font></div>
</td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="93%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="7%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="93%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Forward-looking statements are not guarantees of future performance, and actual results and future events could materially differ from those anticipated in such statements. All of the forward-looking statements contained in this material change report are qualified by these cautionary statements. New Gold expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
<hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
</div>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.8
<SEQUENCE>23
<FILENAME>a13-14720_1ex4d8.htm
<DESCRIPTION>EX-4.8
<TEXT>
<html>
<head>

    <!--Licensed to: New Gold Inc.-->
    <!--Document Created using EDGARizer 2020 5.4.5.0-->
    <!--Copyright 1995 - 2013 Thomson Reuters. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">
<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="4">
<hr style="MARGIN-TOP: -10px; COLOR: #000000" noshade size="1">
</div>

<div style="TEXT-ALIGN: right">Exhibit 4.8</div>

<div>&#160;</div>

<div>
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"><a name="DocsID"><!--EFPlaceholder--></a>FORM 51-102F3</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">MATERIAL CHANGE REPORT</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">UNDER NATIONAL INSTRUMENT 51-102</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 1.</font></div>
</td>
<td align="left" colspan="3" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Reporting Issuer</font></font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="3" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">New Gold Inc. (&#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">New Gold</font>&#8221; or &#8220;the &#8220;<font style="DISPLAY: inline; FONT-WEIGHT: bold">Company</font>&#8221;)</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Suite 1800 Two Bentall Centre, 555 Burrard Street</font></div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Vancouver, British Columbia, V7X 1M9</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 2.</font></div>
</td>
<td align="left" colspan="3" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Date of Material Change</font></font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="3" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">May 31, 2013</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 3.</font></div>
</td>
<td align="left" colspan="3" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-DECORATION: underline"><font style="DISPLAY: inline">News Release</font></font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="3" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">A press release with respect to this material change report was issued by New Gold on May 31, 2013&#160;through Canadian Newswire and filed on the System for Electronic Document Analysis and Retrieval.</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 4.</font></div>
</td>
<td align="left" colspan="3" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Summary of Material Change</font></font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="3" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">On May 31, 2013, New Gold and Rainy River Resources Ltd. (&#8220;Rainy River&#8221;) (TSX: RR) jointly announced that they have entered into a definitive acquisition agreement (the &#8220;Agreement&#8221;), whereby New Gold will offer to acquire all of the outstanding common shares of Rainy River through a friendly take-over bid.</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td align="left" valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 5.</font></div>
</td>
<td align="left" colspan="3" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Full Description of Material Change</font></font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="3" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(All figures are in Canadian dollars unless otherwise indicated)</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="3" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">New Gold Inc. (&#8220;New Gold&#8221;) (TSX and NYSE MKT:NGD) and Rainy River Resources Ltd. (&#8220;Rainy River&#8221;) (TSX: RR) jointly announced that they have entered into a definitive acquisition agreement (the &#8220;Agreement&#8221;), whereby New Gold will offer to acquire all of the outstanding common shares of Rainy River through a friendly take-over bid. Under the terms of the Agreement, New Gold will offer, at the election of each holder of Rainy River common shares, 0.5 of a common share of New Gold or $3.83 in cash, in each case subject to pro ration (the &#8220;Offer&#8221;). The Offer represents a premium of 42% over the closing price of the Rainy River shares on the Toronto Stock Exchange on May 30, 2013, the last day of trading prior to announcement of the Offer, and a 67% premium to Rainy River&#8217;s 20-day volume weighted average trading price. The maximum number of New Gold shares to be issued will be approximately 25.8 million and the maximum cash consideration will be approximately $198 million. The Offer values the fully-diluted in-the-money share capital of Rainy River, net of Rainy River&#8217;s current cash balance, at approximately $310 million.</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="3" valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="3" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Transaction Highlights &#8211; New Gold</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td align="left" colspan="2" valign="top" width="88%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Accretive on all key per share metrics &#8211; gold reserves, net asset value, future production and cash flow</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td align="left" colspan="2" valign="top" width="88%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Adds 4.0 million ounce gold reserve in Ontario, further growing New Gold&#8217;s Canadian presence</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="4%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="3%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8338;</font></div>
</td>
<td align="left" valign="top" width="85%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Asset located in great mining jurisdiction, near infrastructure</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td align="left" colspan="2" valign="top" width="88%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Enhances pipeline by adding asset with annual average production potential of over 225,000 ounces over the life of the mine, at below industry average total cash costs <font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font></font></div>
</td>
</tr></table>
</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td align="left" valign="top" width="88%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Modest transaction size with minimal equity dilution to New Gold shareholders</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td align="left" valign="top" width="88%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Further strengthens New Gold technical development team, who have a track record of delivering on projects</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Transaction Highlights &#8211; Rainy River</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td align="left" valign="top" width="88%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Significant and immediate premium of 42% to current share price and 67% to 20-day volume weighted average share price</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td align="left" valign="top" width="88%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Flexibility to elect form of consideration in either cash or highly liquid New Gold shares</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td align="left" valign="top" width="88%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Opportunity to gain exposure to New Gold&#8217;s current operating cash flow and attractive growth portfolio</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td align="left" valign="top" width="88%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Access to New Gold&#8217;s strong balance sheet and current and future operating cash flow to develop the Rainy River project</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="4%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8226;</font></div>
</td>
<td align="left" valign="top" width="88%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Ability to partner with New Gold&#8217;s experienced management and operating teams</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Rainy River Gold Project</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The Rainy River Gold project is an advanced-stage gold project situated in the Richardson Township, approximately sixty-five kilometres northwest of Fort Frances in Northwestern Ontario. The property has excellent infrastructure, with year-round road access and powerlines in close proximity, as well as a railway located 21 kilometres to the south of the property. The Fort Frances area has a population of approximately 10,000 people from which a workforce could be sourced for future development.</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td colspan="2" valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" colspan="2" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">On April 10, 2013, Rainy River announced the results of a Feasibility Study for the project, with 4.0 million ounces in Proven and Probable gold reserves and 6.2 million ounces in Measured and Indicated gold resources, inclusive of reserves. The Feasibility Study contemplates a 21,000 tonne per day processing rate from a combination of open pit, underground and stockpiled ore. The project has the potential to produce over 225,000 ounces of gold annually, at below industry average cash costs<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">(1)</font>, for an initial mine life of 16 years. The Feasibility Study also highlights the potential to process higher grade ounces in the project&#8217;s early years, while stockpiling lower grades for processing towards the end of the mine life. This should help drive higher production and lower costs at the beginning of the mine life, enhancing both cash flow and the overall economics of the project.</font></div>
</td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 90pt; MARGIN-RIGHT: 0pt" align="justify"><img src="p2.jpg" alt=""></div>

<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Additional Details of Offer</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The Board of Directors of Rainy River, upon the unanimous recommendation of its Special Committee, after consultation with its financial and legal advisors, has unanimously approved entering into the Agreement and recommends that Rainy River shareholders tender their shares to the Offer. BMO Capital Markets, the financial advisor to Rainy River, has provided a verbal opinion to the effect that, as of the date of such opinion and subject to the assumptions, limitations, and qualifications stated in such opinion, the consideration proposed to be paid to the holders of Rainy River common shares pursuant to the Offer is fair from a financial point of view to such holders. CIBC World Markets has provided a separate verbal opinion solely to Rainy River&#8217;s Special Committee to the effect that, as of the date of such opinion and subject to the assumptions, limitations, and qualifications stated in such opinion, the consideration proposed to be paid to the holders of Rainy River common shares pursuant to the Offer is fair from a financial point of view to such holders.</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Rainy River&#8217;s Board of Directors and management team have entered into lock-up agreements with New Gold agreeing to tender their shares, including shares issuable on the exercise of stock options, and support the transaction.</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The Agreement between New Gold and Rainy River provides for, among other things, a non-solicitation covenant on the part of Rainy River subject to customary "fiduciary out" provisions, a right in favour of New Gold to match any superior proposal and a payment to New Gold of a termination fee of approximately $14 million in certain circumstances, including if Rainy River accepts a superior proposal.</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The Offer is expected to commence during the week of June 10, 2013 upon the mailing of New Gold&#8217;s takeover bid circular and related documents, which will include full details of the Offer. Rainy River&#8217;s directors&#8217; circular, which will set out the unanimous recommendation of the board of Rainy River that shareholders accept the Offer, will also be mailed. The Offer will be open for acceptance for a period of not less than 35 days from the date of mailing of the takeover bid circular and will be conditional upon, among other things, there being deposited under the Offer, and not withdrawn at the expiry time, shares representing not less than 66 2/3% of the Rainy River shares on a fully diluted basis. In addition, the Offer will be subject to certain customary conditions, including receipt of relevant regulatory approvals and the absence of a material adverse change with respect to Rainy River.</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 6.</font></div>
</td>
<td valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Reliance on subsection 7.1(2) of National Instrument 51-102</font></font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The report is not being filed on a confidential basis.</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 7.</font></div>
</td>
<td valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Omitted Information</font></font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">No information has been omitted.</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 8.</font></div>
</td>
<td valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Executive Officer</font></font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Susan Toews, Vice President Legal Affairs, and Corporate Secretary</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(604) 639-2003</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="8%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 9.</font></div>
</td>
<td valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Date of Report</font></font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">June 6, 2013</font></div>
</td>
</tr></table>
</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">U.S. Shareholders</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">New Gold will be filing with the United States Securities and Exchange Commission a registration statement on Form F-10 in connection with the Offer which will include the formal offer and take-over bid circular. New Gold encourages shareholders of Rainy River to read the formal offer and take-over bid circular which contain the full terms and conditions of the Offer and other important information.&#160;&#160;The offer and take-over bid circular may be obtained free of charge through the Securities and Exchange Commission&#8217;s website at www.sec.gov or by directing a request to the Investor Relations department of New Gold.</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Cautionary Note Regarding Forward-Looking Statements</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Certain information contained in this material change report constitutes &#8220;forward looking statements&#8221; within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward looking information under the provisions of Canadian securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", &#8220;projects&#8221;, &#8220;potential&#8221;, "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", &#8220;should&#8221;, "might" or "will be taken", "occur" or "be achieved" or the negative connotation. Such statements and information include, without limitation, statements regarding expectations as to the anticipated timing of the mailing of the offer materials, the estimated mineral resources and mineral reserves at Rainy River&#8217;s property, the expected further growth in gold reserves and ongoing cash flows and other benefits of the transaction containing forward-looking information.&#160;&#160;This forward looking information is subject to numerous risks, uncertainties and assumptions, certain of which are beyond the control of Rainy River and/or New Gold, including risks relating to acquisitions, including, without limitation, the parties may be unable to complete the acquisition or completing the acquisition may be more costly than expected because, among other reasons, conditions to the closing of the acquisition may not be satisfied; problems may arise with the ability to successfully integrate the businesses of New Gold and Rainy River, the parties may be unable to obtain regulatory approvals required for the acquisition, New Gold may not be able to achieve the benefits from the acquisition or it may take longer than expected to achieve those benefits; and the acquisition may involve unexpected costs or unexpected liabilities. Other risks include the impact of general economic conditions; industry conditions; volatility of metals prices; volatility of commodity prices; currency fluctuations; mining risks; risks associated with foreign operations; governmental and environmental regulation; competition from other industry participants; the lack of availability of qualified personnel or management; stock market volatility; the ability of New Gold to complete or successfully integrate an announced acquisition proposal; unexpected costs or unexpected liabilities related to the acquisition.&#160;&#160;Readers are cautioned that the material assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise. Actual results, performance or achievement could differ materially from those expressed in, or implied by, this forward-looking information and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that Rainy River and/or New Gold will derive therefrom.&#160;&#160;New Gold and Rainy River disclaim any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise except as required by applicable securities laws. The issuance of New Gold shares under the transaction is subject to TSX acceptance or approval.</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Cautionary Note to U.S. Readers Concerning Estimates of Measured, Indicated and Inferred Mineral Resources</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Information concerning the properties and operations discussed in this material change report has been prepared in accordance with Canadian standards under applicable Canadian securities laws, and may not be comparable to similar information for United States companies. The terms "Mineral Resource", "Measured Mineral Resource", "Indicated Mineral Resource" and "Inferred Mineral Resource" used in this material change report are Canadian mining terms as defined in accordance with NI 43-101 under guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Standards on Mineral Resources and Mineral Reserves adopted by the CIM Council on November 27, 2010. While the terms "Mineral Resource", "Measured Mineral Resource" and "Indicated Mineral Resource" are recognized and required by Canadian regulations, they are not defined terms under standards of the United States Securities and Exchange Commission. Under United States standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve calculation is made. As such, certain information contained in this material change report concerning descriptions of mineralization and resources under Canadian standards is not comparable to similar information made public by United States companies subject to the reporting and disclosure requirements of the United States Securities and Exchange Commission. An "Inferred Mineral Resource" has a great amount of uncertainty as to its existence and as to its economic and legal feasibility. It cannot be assumed that all or any part of an "Inferred Mineral Resource" will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. Readers are cautioned not to assume that all or any part of Measured or Indicated Resources will ever be converted into Mineral Reserves. Readers are also cautioned not to assume that all or any part of an "Inferred Mineral Resource" exists, or is economically or legally mineable. In addition, the definitions of "Proven Mineral Reserves" and "Probable Mineral Reserves" under CIM standards differ in certain respects from the standards of the United States Securities and Exchange Commission.</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Technical Information</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td align="left" valign="top" width="92%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline">New Gold</font></font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The scientific and technical information, as it relates to New Gold, in this material change report has been reviewed and approved by Mark Petersen (AIPG CPG #10563), a Qualified Person under National Instrument 43-101 and employee of New Gold.</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline">Rainy River</font></font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">The scientific and technical information, as it relates to Rainy River, in this material change report has been reviewed and approved by Garett Macdonald, P.Eng. (PEO #90475344) and Kerry Sparkes, P.Geo. (APEGBC #25261), both Qualified Persons under National Instrument 43-101 and employees of Rainy River. Rainy River's exploration program in Richardson Township is being supervised by Kerry Sparkes, P.Geo. (APEGBC #25261), a Qualified Person under National Instrument 43-101 and employee of Rainy River.</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%" style="BORDER-BOTTOM: black 2px solid">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline">Rainy River Mineral Reserves</font></font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">Mineral resources are not mineral reserves and do not have demonstrated economic viability. Mineral resources are reported relative to conceptual open pit shells. On average, the conceptual open pit extends to an elevation of 500 metres below surface. Material above this elevation offers reasonable prospects for economic extraction from an open pit because drilling results suggest that the zone of gold mineralization is broader than currently modeled and that new drilling information should positively impact future mineral resources. Material below this elevation is potentially mineable by underground mining methods. Mineral resources that are potentially mineable by open pit methods are reported at a cut-off grade of 0.35 g/t gold; underground mineral resources are reported at a cut-off grade of 2.5 g/t gold. All mineral resources are based on a gold price of US$1,100 per ounce, a silver price of US$22.50 per ounce, a foreign exchange rate of 1.10 Canadian dollars to 1.0 US dollar. Metallurgical recoveries include 88% for gold in open pit resources and 90% for gold in underground resources, with a silver recovery of 75% in both cases.</font></div>
</td>
</tr></table>
</div>

<br>
<div id="PGBRK" style="TEXT-INDENT: 0pt; WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>

<div id="PN" style="PAGE-BREAK-AFTER: always; WIDTH: 100%">
<div style="TEXT-ALIGN: center; WIDTH: 100%"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>

<div style="TEXT-ALIGN: center; WIDTH: 100%">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 8pt">&#160; </font></div>
</div>
</div>

<br>
<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>

<div>
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">All figures are rounded to reflect the relative accuracy of the estimate. Figures may not add due to rounding. Additional details on the Mineral Resource estimate are provided in the Rainy River material change report dated October 10, 2012.&#160;&#160;Mineral Resources were estimated by SRK Consulting (Canada) Inc. (&#8220;SRK&#8221;) and are reported in accordance with Canadian Securities Administrators National Instrument 43-101.</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">(1) TOTAL CASH COSTS</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%">
<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#8220;Total cash costs&#8221; per ounce figures are calculated in accordance with a standard developed by The Gold Institute, which was a worldwide association of suppliers of gold and gold products and included leading North American gold producers. The Gold Institute ceased operations in 2002, but the standard is widely accepted as the standard of reporting cash costs of production in North America. Adoption of the standard is voluntary and the cost measures presented may not be comparable to other similarly titled measures of other companies. Each of New Gold and Rainy River reports total cash costs on a sales basis. Total cash costs include mine site operating costs such as mining, processing, administration, royalties and production taxes, but are exclusive of amortization, reclamation, capital and exploration costs. Total cash costs are reduced by any by-product revenue and is then divided by ounces sold to arrive at the total by-product cash cost of sales. The measure, along with sales, is considered to be a key indicator of a company&#8217;s ability to generate operating earnings and cash flow from its mining operations. This data is furnished to provide additional information and is a non-IFRS measure. Total cash costs presented do not have a standardized meaning prescribed by IFRS and may not be comparable to similar measures presented by other mining companies. It should not be considered in isolation as a substitute for measures of performance prepared in accordance with IFRS and is not necessarily indicative of operating costs presented under IFRS. A reconciliation is provided in the respective MD&amp;A and accompanying the quarterly financial statements of each of Rainy River and New Gold.</font></div>
</td>
</tr><tr>
<td valign="top" width="8%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
<td valign="top" width="92%"><font style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt">&#160; </font></td>
</tr></table>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block"><br>
</div>

<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
</div>

<div>&#160;</div>

<div>
<hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
<hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>24
<FILENAME>a13-14720_1ex5d1.htm
<DESCRIPTION>EX-5.1
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 5.1</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Consent of Independent Registered Chartered Accountants</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We consent to the incorporation by reference in this Registration Statement on Form&nbsp;F-10 of our reports dated February&nbsp;28, 2013, relating to the consolidated financial statements of New Gold Inc. and subsidiaries (&#147;New Gold&#148;), and the effectiveness of New Gold&#146;s internal control over financial reporting, appearing in the Annual Report on Form 40-F of New Gold for the year ended December 31, 2012, and to the reference to us under the heading &#147;Experts&#148; in the Prospectus of New Gold, which is part of this Registration Statement.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Deloitte LLP</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Toronto, Canada</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;18, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\jms\106747\13-14720-1\task6100861\14720-1-ke.htm',USER='106747',CD='Jun 18 09:55 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.2
<SEQUENCE>25
<FILENAME>a13-14720_1ex5d2.htm
<DESCRIPTION>EX-5.2
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;5.2</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="619" height="57" src="g147201kgi001.gif" alt="GRAPHIC"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;18, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">British Columbia Securities Commission<br> Alberta Securities Commission<br> Saskatchewan Financial Services Commission<br> Manitoba Securities Commission<br> Ontario Securities Commission<br> Autorit&#233; des march&#233;s financiers<br> New Brunswick Securities Commission<br> Nova Scotia Securities Commission<br> Prince Edward Island Securities Office, Consumer, Corporate and<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Insurance Services Division<br> Newfoundland&nbsp;&amp; Labrador Department of Government Services, Consumer&nbsp;&amp;<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Commercial Affairs Branch</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">United States Securities and Exchange Commission <br> Toronto Stock Exchange</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New Gold Inc. (the &#147;Company&#148;)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I, Herbert E. Welhener, MMSA &#151; QPM, as an author of the report entitled &#147;Technical Report on Preliminary Economic Assessment for the Blackwater Project&#148; dated August&nbsp;28, 2012 (the &#147;<b>Report</b>&#148;) have been named as a &#147;qualified person&#148; in the take-over bid circular dated June&nbsp;18, 2013 forming part of the offer made by the Company to purchase all of the outstanding common shares of Rainy River Resources Ltd., (the &#147;<b>Circular</b>&#148;), which Circular is incorporated by reference into and is deemed to be included in the Company&#146;s Registration Statement on Form&nbsp;F-10 (as filed with the United States Securities and Exchange Commission and as may be further amended from time to time in the future, including by way of post-effective amendment, the &#147;<b>Registration Statement</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I hereby consent to the use of my name in the Circular and in the Registration Statement and to the use of the Report in connection with the filing of the Circular and the Registration Statement and to the inclusion of the written disclosure of the Report and of extracts from or a summary of the Report in the written disclosure contained in the Circular and the Registration Statement or incorporated by reference therein.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I confirm that I have read the Circular and the Registration Statement and have no reason to believe that (i)&nbsp;there is any misrepresentation in the information contained in the Circular or the Registration Statement that is derived from the Report, and (ii)&nbsp;the Circular or the Registration Statement contains any misrepresentation of the information contained in the Report or within my knowledge, as a result of the investigations and enquiries made by me in connection with the preparation of the Report.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yours very truly,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Herbert E. Welhener</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Herbert E. Welhener, MMSA &#151; QPM,<br> Principle Mining Engineer,<br> Independent Mining Consultants Inc.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105733\13-14720-1\task6100488\14720-1-kg.htm',USER='105733',CD='Jun 18 04:55 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.3
<SEQUENCE>26
<FILENAME>a13-14720_1ex5d3.htm
<DESCRIPTION>EX-5.3
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;5.3</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;18, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">British Columbia Securities Commission<br> Alberta Securities Commission<br> Saskatchewan Financial Services Commission<br> Manitoba Securities Commission<br> Ontario Securities Commission<br> Autorit&#233; des march&#233;s financiers<br> New Brunswick Securities Commission<br> Nova Scotia Securities Commission<br> Prince Edward Island Securities Office, Consumer, Corporate and<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Insurance Services Division<br> Newfoundland&nbsp;&amp; Labrador Department of Government Services, Consumer&nbsp;&amp;<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Commercial Affairs Branch</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">United States Securities and Exchange Commission <br> Toronto Stock Exchange</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New Gold Inc. (the &#147;Company&#148;)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I, Bruno Borntraeger, P. Eng., as an author of the report entitled &#147;Technical Report on Preliminary Economic Assessment for the Blackwater Project&#148; dated August&nbsp;28, 2012 (the &#147;<b>Report</b>&#148;) have been named as a &#147;qualified person&#148; in the take-over bid circular dated June&nbsp;18, 2013 forming part of the offer made by the Company to purchase all of the outstanding common shares of Rainy River Resources Ltd., (the &#147;<b>Circular</b>&#148;), which Circular is incorporated by reference into and is deemed to be included in the Company&#146;s Registration Statement on Form&nbsp;F-10 (as filed with the United States Securities and Exchange Commission and as may be further amended from time to time in the future, including by way of post-effective amendment, the &#147;<b>Registration Statement</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I hereby consent to the use of my name in the Circular and in the Registration Statement and to the use of the Report in connection with the filing of the Circular and the Registration Statement and to the inclusion of the written disclosure of the Report and of extracts from or a summary of the Report in the written disclosure contained in the Circular and the Registration Statement or incorporated by reference therein.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I confirm that I have read the Circular and the Registration Statement and have no reason to believe that (i)&nbsp;there is any misrepresentation in the information contained in the Circular or the Registration Statement that is derived from the Report, and (ii)&nbsp;the Circular or the Registration Statement contains any misrepresentation of the information contained in the Report or within my knowledge, as a result of the investigations and enquiries made by me in connection with the preparation of the Report.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yours very truly,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   </font><font size="2" style="font-size:10.0pt;">Bruno Borntraeger</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Bruno Borntraeger, P. Eng.,<br> Specialist Engineer/Project Manager,<br> Knight Pi&#233;sold Ltd.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\skris\13-14720-1\task6100489\14720-1-ki.htm',USER='105340',CD='Jun 18 04:55 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.4
<SEQUENCE>27
<FILENAME>a13-14720_1ex5d4.htm
<DESCRIPTION>EX-5.4
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;5.4</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;18, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">British Columbia Securities Commission<br> Alberta Securities Commission<br> Saskatchewan Financial Services Commission<br> Manitoba Securities Commission<br> Ontario Securities Commission<br> Autorit&#233; des march&#233;s financiers<br> New Brunswick Securities Commission<br> Nova Scotia Securities Commission<br> Prince Edward Island Securities Office, Consumer, Corporate and<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Insurance Services Division<br> Newfoundland&nbsp;&amp; Labrador Department of Government Services, Consumer&nbsp;&amp;<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Commercial Affairs Branch</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">United States Securities and Exchange Commission <br> Toronto Stock Exchange</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New Gold Inc. (the &#147;Company&#148;)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I,&nbsp;Ignacy (Tony) Lipiec, P. Eng., as an author of the report entitled &#147;Technical Report on Preliminary Economic Assessment for the Blackwater Project&#148; dated August&nbsp;28, 2012 (the &#147;<b>Report</b>&#148;) have been named as a &#147;qualified person&#148; in the take-over bid circular dated June&nbsp;18, 2013 forming part of the offer made by the Company to purchase all of the outstanding common shares of Rainy River Resources Ltd., (the &#147;<b>Circular</b>&#148;), which Circular is incorporated by reference into and is deemed to be included in the Company&#146;s Registration Statement on Form&nbsp;F-10 (as filed with the United States Securities and Exchange Commission and as may be further amended from time to time in the future, including by way of post-effective amendment, the &#147;<b>Registration Statement</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I hereby consent to the use of my name in the Circular and in the Registration Statement and to the use of the Report in connection with the filing of the Circular and the Registration Statement and to the inclusion of the written disclosure of the Report and of extracts from or a summary of the Report in the written disclosure contained in the Circular and the Registration Statement or incorporated by reference therein.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I confirm that I have read the Circular and the Registration Statement and have no reason to believe that (i)&nbsp;there is any misrepresentation in the information contained in the Circular or the Registration Statement that is derived from the Report, and (ii)&nbsp;the Circular or the Registration Statement contains any misrepresentation of the information contained in the Report or within my knowledge, as a result of the investigations and enquiries made by me in connection with the preparation of the Report.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yours very truly,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   </font><font size="2" style="font-size:10.0pt;">Ignacy (Tony) Lipiec</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ignacy (Tony) Lipiec, P. Eng.,<br> Director, Process Engineering<br> AMEC Americas Limited</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\skris\13-14720-1\task6100489\14720-1-kk.htm',USER='105340',CD='Jun 18 04:56 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.5
<SEQUENCE>28
<FILENAME>a13-14720_1ex5d5.htm
<DESCRIPTION>EX-5.5
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;5.5</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;18, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">British Columbia Securities Commission<br> Alberta Securities Commission<br> Saskatchewan Financial Services Commission<br> Manitoba Securities Commission<br> Ontario Securities Commission<br> Autorit&#233; des march&#233;s financiers<br> New Brunswick Securities Commission<br> Nova Scotia Securities Commission<br> Prince Edward Island Securities Office, Consumer, Corporate and<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Insurance Services Division<br> Newfoundland&nbsp;&amp; Labrador Department of Government Services, Consumer&nbsp;&amp;<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Commercial Affairs Branch</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">United States Securities and Exchange Commission <br> Toronto Stock Exchange</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New Gold Inc. (the &#147;Company&#148;)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I, Ramon Mendoza Reyes, P. Eng., as an author of the report entitled &#147;Technical Report on Preliminary Economic Assessment for the Blackwater Project&#148; dated August&nbsp;28, 2012 (the &#147;<b>Report</b>&#148;) have been named as a &#147;qualified person&#148; in the take-over bid circular dated June&nbsp;18, 2013 forming part of the offer made by the Company to purchase all of the outstanding common shares of Rainy River Resources Ltd., (the &#147;<b>Circular</b>&#148;), which Circular is incorporated by reference into and is deemed to be included in the Company&#146;s Registration Statement on Form&nbsp;F-10 (as filed with the United States Securities and Exchange Commission and as may be further amended from time to time in the future, including by way of post-effective amendment, the &#147;<b>Registration Statement</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I hereby consent to the use of my name in the Circular and in the Registration Statement and to the use of the Report in connection with the filing of the Circular and the Registration Statement and to the inclusion of the written disclosure of the Report and of extracts from or a summary of the Report in the written disclosure contained in the Circular and the Registration Statement or incorporated by reference therein.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I confirm that I have read the Circular and the Registration Statement and have no reason to believe that (i)&nbsp;there is any misrepresentation in the information contained in the Circular or the Registration Statement that is derived from the Report, and (ii)&nbsp;the Circular or the Registration Statement contains any misrepresentation of the information contained in the Report or within my knowledge, as a result of the investigations and enquiries made by me in connection with the preparation of the Report.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yours very truly,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   </font><font size="2" style="font-size:10.0pt;">Ramon Mendoza Reyes</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ramon Mendoza Reyes, P. Eng.,<br> Principle Mining Engineer,<br> AMEC Americas Limited</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\skris\13-14720-1\task6100489\14720-1-km.htm',USER='105340',CD='Jun 18 04:56 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.6
<SEQUENCE>29
<FILENAME>a13-14720_1ex5d6.htm
<DESCRIPTION>EX-5.6
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;5.6</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img width="200" height="104" src="g147201koi001.gif" alt="GRAPHIC"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;18, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">British Columbia Securities Commission<br> Alberta Securities Commission<br> Saskatchewan Financial Services Commission<br> Manitoba Securities Commission<br> Ontario Securities Commission<br> Autorit&#233; des march&#233;s financiers<br> New Brunswick Securities Commission<br> Nova Scotia Securities Commission<br> Prince Edward Island Securities Office, Consumer, Corporate and<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Insurance Services Division<br> Newfoundland&nbsp;&amp; Labrador Department of Government Services, Consumer&nbsp;&amp;<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Commercial Affairs Branch</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">United States Securities and Exchange Commission <br> Toronto Stock Exchange</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New Gold Inc. (the &#147;Company&#148;)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I, Neil N. Gow, P.Geo., as an author of the report entitled &#147;Technical Report on the El Morro Project, Region III, Chile&#148; dated March&nbsp;26, 2012 (the &#147;<b>Report</b>&#148;) have been named as a &#147;qualified person&#148; in the take-over bid circular dated June&nbsp;18, 2013 forming part of the offer made by the Company to purchase all of the outstanding common shares of Rainy River Resources Ltd., (the &#147;<b>Circular</b>&#148;), which Circular is incorporated by reference into and is deemed to be included in the Company&#146;s Registration Statement on Form&nbsp;F-10 (as filed with the United States Securities and Exchange Commission and as may be further amended from time to time in the future, including by way of post-effective amendment, the &#147;<b>Registration Statement</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I hereby consent to the use of my name in the Circular and in the Registration Statement and to the use of the Report in connection with the filing of the Circular and the Registration Statement and to the inclusion of the written disclosure of the Report and of extracts from or a summary of the Report in the written disclosure contained in the Circular and the Registration Statement or incorporated by reference therein.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I confirm that I have read the Circular and the Registration Statement and have no reason to believe that (i)&nbsp;there is any misrepresentation in the information contained in the Circular or the Registration Statement that is derived from the Report, and (ii)&nbsp;the Circular or the Registration Statement contains any misrepresentation of the information contained in the Report or within my knowledge, as a result of the investigations and enquiries made by me in connection with the preparation of the Report.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yours very truly,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   </font><font size="2" style="font-size:10.0pt;">Neil N. Gow</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Neil N. Gow, P.Geo.,<br> Associate Principal Geologist,<br> Roscoe Postle Associates,&nbsp;Inc.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="680" height="36" src="g147201koi002.gif" alt="GRAPHIC"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\skris\13-14720-1\task6100489\14720-1-ko.htm',USER='105340',CD='Jun 18 04:57 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.7
<SEQUENCE>30
<FILENAME>a13-14720_1ex5d7.htm
<DESCRIPTION>EX-5.7
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;5.7</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img width="200" height="104" src="g147201ksi001.gif" alt="GRAPHIC"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;18, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">British Columbia Securities Commission<br> Alberta Securities Commission<br> Saskatchewan Financial Services Commission<br> Manitoba Securities Commission<br> Ontario Securities Commission<br> Autorit&#233; des march&#233;s financiers<br> New Brunswick Securities Commission<br> Nova Scotia Securities Commission<br> Prince Edward Island Securities Office, Consumer, Corporate and<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Insurance Services Division<br> Newfoundland&nbsp;&amp; Labrador Department of Government Services, Consumer&nbsp;&amp;<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Commercial Affairs Branch</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">United States Securities and Exchange Commission <br> Toronto Stock Exchange</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New Gold Inc. (the &#147;Company&#148;)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I, A. Paul Hampton, P. Eng., as an author of the report entitled &#147;Technical Report on the El Morro Project, Region III, Chile&#148; dated March&nbsp;26, 2012 (the &#147;<b>Report</b>&#148;) have been named as a &#147;qualified person&#148; in the take-over bid circular dated June&nbsp;18, 2013 forming part of the offer made by the Company to purchase all of the outstanding common shares of Rainy River Resources Ltd., (the &#147;<b>Circular</b>&#148;), which Circular is incorporated by reference into and is deemed to be included in the Company&#146;s Registration Statement on Form&nbsp;F-10 (as filed with the United States Securities and Exchange Commission and as may be further amended from time to time in the future, including by way of post-effective amendment, the &#147;<b>Registration Statement</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I hereby consent to the use of my name in the Circular and in the Registration Statement and to the use of the Report in connection with the filing of the Circular and the Registration Statement and to the inclusion of the written disclosure of the Report and of extracts from or a summary of the Report in the written disclosure contained in the Circular and the Registration Statement or incorporated by reference therein.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I confirm that I have read the Circular and the Registration Statement and have no reason to believe that (i)&nbsp;there is any misrepresentation in the information contained in the Circular or the Registration Statement that is derived from the Report, and (ii)&nbsp;the Circular or the Registration Statement contains any misrepresentation of the information contained in the Report or within my knowledge, as a result of the investigations and enquiries made by me in connection with the preparation of the Report.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yours very truly,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   </font><font size="2" style="font-size:10.0pt;">A. Paul Hampton</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A. Paul Hampton, P. Eng.,<br> Associate Principal Metallurgist,<br> Roscoe Postle Associates, Inc.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="680" height="36" src="g147201ksi002.gif" alt="GRAPHIC"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\skris\13-14720-1\task6100489\14720-1-ks.htm',USER='105340',CD='Jun 18 04:58 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.8
<SEQUENCE>31
<FILENAME>a13-14720_1ex5d8.htm
<DESCRIPTION>EX-5.8
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;5.8</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img width="200" height="104" src="g147201kui001.gif" alt="GRAPHIC"></font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Consent of Roscoe Postle Associates Inc.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We consent to the incorporation by reference in this Registration Statement on Form&nbsp;F-10 of New Gold,&nbsp;Inc., which is being filed with the United States Securities and Exchange Commission, of references to our name in connection with, and to the use of information derived from, the technical report entitled &#147;Technical Report on the New Afton Project, British Columbia, Canada&#148; dated December&nbsp;31, 2009; the technical report entitled &#147;Technical Report on the Mesquite Mine, Brawley, California, USA&#148; dated February&nbsp;26, 2010; the technical report entitled &#147;Technical Report on the Cerro San Pedro Mine, San Luis Potos&#237;, Mexico&#148; dated February&nbsp;16, 2010; and amended March&nbsp;22, 2010, the technical report entitled &#147;Technical Report on the Peak Gold Mines, New South Wales, Australia&#148; dated March&nbsp;25, 2013, and the technical report entitled &#147;Technical Report on the El Morro Project, Region III, Chile&#148; dated March&nbsp;23, 2012.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dated this 18th day of June, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="44%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:44.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   Richard J. Lambert</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:</font></p>    </td>
<td width="44%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:44.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Richard   J. Lambert, P.E.</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>    </td>
<td width="44%" valign="top" style="padding:0in 0in 0in 0in;width:44.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Executive   Vice-President and COO</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="44%" valign="top" style="padding:0in 0in 0in 0in;width:44.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Roscoe   Postle Associates Inc.</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="681" height="32" src="g147201kui002.gif" alt="GRAPHIC"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105933\13-14720-1\task6100712\14720-1-ku.htm',USER='105933',CD='Jun 18 08:15 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.9
<SEQUENCE>32
<FILENAME>a13-14720_1ex5d9.htm
<DESCRIPTION>EX-5.9
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;5.9</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img width="200" height="104" src="g147201kwi001.gif" alt="GRAPHIC"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;18, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">British Columbia Securities Commission<br> Alberta Securities Commission<br> Saskatchewan Financial Services Commission<br> Manitoba Securities Commission<br> Ontario Securities Commission<br> Autorit&#233; des march&#233;s financiers<br> New Brunswick Securities Commission<br> Nova Scotia Securities Commission<br> Prince Edward Island Securities Office, Consumer, Corporate and<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Insurance Services Division<br> Newfoundland&nbsp;&amp; Labrador Department of Government Services, Consumer&nbsp;&amp;<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Commercial Affairs Branch</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">United States Securities and Exchange Commission <br> Toronto Stock Exchange</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New Gold Inc. (the &#147;Company&#148;)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I, David Rennie, P. Eng., as an author of the report entitled &#147;Technical Report on the New Afton Project, British Columbia, Canada&#148; dated December&nbsp;31, 2009 (the &#147;<b>Report</b>&#148;) have been named as a &#147;qualified person&#148; in the take-over bid circular dated June&nbsp;18, 2013 forming part of the offer made by the Company to purchase all of the outstanding common shares of Rainy River Resources Ltd., (the &#147;<b>Circular</b>&#148;), which Circular is incorporated by reference into and is deemed to be included in the Company&#146;s Registration Statement on Form&nbsp;F-10 (as filed with the United States Securities and Exchange Commission and as may be further amended from time to time in the future, including by way of post-effective amendment, the &#147;<b>Registration Statement</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I hereby consent to the use of my name in the Circular and in the Registration Statement and to the use of the Report in connection with the filing of the Circular and the Registration Statement and to the inclusion of the written disclosure of the Report and of extracts from or a summary of the Report in the written disclosure contained in the Circular and the Registration Statement or incorporated by reference therein.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I confirm that I have read the Circular and the Registration Statement and have no reason to believe that (i)&nbsp;there is any misrepresentation in the information contained in the Circular or the Registration Statement that is derived from the Report, and (ii)&nbsp;the Circular or the Registration Statement contains any misrepresentation of the information contained in the Report or within my knowledge, as a result of the investigations and enquiries made by me in connection with the preparation of the Report.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yours very truly,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   </font><font size="2" style="font-size:10.0pt;">David Rennie</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">David W. Rennie, P. Eng.,<br> Principal Geologist,<br> Roscoe Postle Associates, Inc.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="688" height="32" src="g147201kwi002.gif" alt="GRAPHIC"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105342\13-14720-1\task6100492\14720-1-kw.htm',USER='105342',CD='Jun 18 04:56 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.10
<SEQUENCE>33
<FILENAME>a13-14720_1ex5d10.htm
<DESCRIPTION>EX-5.10
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;5.10</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img width="200" height="104" src="g147201kyi001.gif" alt="GRAPHIC"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;18, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">British Columbia Securities Commission<br> Alberta Securities Commission<br> Saskatchewan Financial Services Commission<br> Manitoba Securities Commission<br> Ontario Securities Commission<br> Autorit&#233; des march&#233;s financiers<br> New Brunswick Securities Commission<br> Nova Scotia Securities Commission<br> Prince Edward Island Securities Office, Consumer, Corporate and<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Insurance Services Division<br> Newfoundland&nbsp;&amp; Labrador Department of Government Services, Consumer&nbsp;&amp;<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Commercial Affairs Branch</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">United States Securities and Exchange Commission <br> Toronto Stock Exchange</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New Gold Inc. (the &#147;Company&#148;)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I, R. Dennis Bergen, P. Eng., as an author of the report entitled &#147;Technical Report on the New Afton Project, British Columbia, Canada&#148; dated December&nbsp;31, 2009 (the &#147;<b>Report</b>&#148;) have been named as a &#147;qualified person&#148; in the take-over bid circular dated June&nbsp;18, 2013 forming part of the offer made by the Company to purchase all of the outstanding common shares of Rainy River Resources Ltd., (the &#147;<b>Circular</b>&#148;), which Circular is incorporated by reference into and is deemed to be included in the Company&#146;s Registration Statement on Form&nbsp;F-10 (as filed with the United States Securities and Exchange Commission and as may be further amended from time to time in the future, including by way of post-effective amendment, the &#147;<b>Registration Statement</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I hereby consent to the use of my name in the Circular and in the Registration Statement and to the use of the Report in connection with the filing of the Circular and the Registration Statement and to the inclusion of the written disclosure of the Report and of extracts from or a summary of the Report in the written disclosure contained in the Circular and the Registration Statement or incorporated by reference therein.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I confirm that I have read the Circular and the Registration Statement and have no reason to believe that (i)&nbsp;there is any misrepresentation in the information contained in the Circular or the Registration Statement that is derived from the Report, and (ii)&nbsp;the Circular or the Registration Statement contains any misrepresentation of the information contained in the Report or within my knowledge, as a result of the investigations and enquiries made by me in connection with the preparation of the Report.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yours very truly,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ </font><font size="2" style="font-size:10.0pt;">R. Dennis Bergen</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">R. Dennis Bergen, P. Eng.,<br> Associate Principal Mining Engineer,<br> Roscoe Postle Associates,&nbsp;Inc.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="680" height="36" src="g147201kyi002.gif" alt="GRAPHIC"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105342\13-14720-1\task6100492\14720-1-ky.htm',USER='105342',CD='Jun 18 04:57 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.11
<SEQUENCE>34
<FILENAME>a13-14720_1ex5d11.htm
<DESCRIPTION>EX-5.11
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;5.11</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img width="200" height="104" src="g147201lai001.gif" alt="GRAPHIC"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;18, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">British Columbia Securities Commission<br> Alberta Securities Commission<br> Saskatchewan Financial Services Commission<br> Manitoba Securities Commission<br> Ontario Securities Commission<br> Autorit&#233; des march&#233;s financiers<br> New Brunswick Securities Commission<br> Nova Scotia Securities Commission<br> Prince Edward Island Securities Office, Consumer, Corporate and<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Insurance Services Division<br> Newfoundland&nbsp;&amp; Labrador Department of Government Services, Consumer&nbsp;&amp;<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Commercial Affairs Branch</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">United States Securities and Exchange Commission <br> Toronto Stock Exchange</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New Gold Inc. (the &#147;Company&#148;)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I, Kevin C. Scott, P. Eng., as an author of the report entitled &#147;Technical Report on the New Afton Project, British Columbia, Canada&#148; dated December&nbsp;31, 2009 (the &#147;<b>Report</b>&#148;) have been named as a &#147;qualified person&#148; in the take-over bid circular dated June&nbsp;18, 2013 forming part of the offer made by the Company to purchase all of the outstanding common shares of Rainy River Resources Ltd., (the &#147;<b>Circular</b>&#148;), which Circular is incorporated by reference into and is deemed to be included in the Company&#146;s Registration Statement on Form&nbsp;F-10 (as filed with the United States Securities and Exchange Commission and as may be further amended from time to time in the future, including by way of post-effective amendment, the &#147;<b>Registration Statement</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I hereby consent to the use of my name in the Circular and in the Registration Statement and to the use of the Report in connection with the filing of the Circular and the Registration Statement and to the inclusion of the written disclosure of the Report and of extracts from or a summary of the Report in the written disclosure contained in the Circular and the Registration Statement or incorporated by reference therein.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I confirm that I have read the Circular and the Registration Statement and have no reason to believe that (i)&nbsp;there is any misrepresentation in the information contained in the Circular or the Registration Statement that is derived from the Report, and (ii)&nbsp;the Circular or the Registration Statement contains any misrepresentation of the information contained in the Report or within my knowledge, as a result of the investigations and enquiries made by me in connection with the preparation of the Report.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yours very truly,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Kevin C. Scott</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Kevin C. Scott, P. Eng.,</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">former </font></i><font size="2" style="font-size:10.0pt;">Principal Metallurgist</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">and General Manager Vancouver Office</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Roscoe Postle Associates, Inc.</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="680" height="36" src="g147201lai002.gif" alt="GRAPHIC"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105342\13-14720-1\task6100492\14720-1-la.htm',USER='105342',CD='Jun 18 04:58 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.12
<SEQUENCE>35
<FILENAME>a13-14720_1ex5d12.htm
<DESCRIPTION>EX-5.12
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;5.12</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img width="200" height="104" src="g147201lci001.gif" alt="GRAPHIC"></font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;18, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">British Columbia Securities Commission<br> Alberta Securities Commission<br> Saskatchewan Financial Services Commission<br> Manitoba Securities Commission<br> Ontario Securities Commission<br> Autorit&#233; des march&#233;s financiers<br> New Brunswick Securities Commission<br> Nova Scotia Securities Commission<br> Prince Edward Island Securities Office, Consumer, Corporate and<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Insurance Services Division<br> Newfoundland&nbsp;&amp; Labrador Department of Government Services, Consumer&nbsp;&amp;<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Commercial Affairs Branch</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">United States Securities and Exchange Commission <br> Toronto Stock Exchange</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New Gold Inc. (the &#147;Company&#148;)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I, Richard J. Lambert, P.E., as an author of: (i)&nbsp;the report entitled &#147;Technical Report on the El Morro Project, Region III, Chile&#148; dated March&nbsp;26, 2012; (ii)&nbsp;the report entitled &#147;Technical Report on the Mesquite Mine, Brawley, California&#148; dated February&nbsp;26, 2010; (iii)&nbsp;the report entitled &#147;Technical Report on the Cerro San Pedro Mine, San Luis Potos&#237;, Mexico&#148; dated February&nbsp;16, 2010 and amended March&nbsp;22, 2010; and (iv)&nbsp;the report entitled &#147;Technical Report on Peak Gold Mines, New South Wales, Australia&#148; dated March&nbsp;25, 2013 (collectively, the &#147;<b>Reports</b>&#148;) have been named as a &#147;qualified person&#148; in the take-over bid circular dated June&nbsp;18, 2013 forming part of the offer made by the Company to purchase all of the outstanding common shares of Rainy River Resources Ltd., (the &#147;<b>Circular</b>&#148;), which Circular is incorporated by reference into and is deemed to be included in the Company&#146;s Registration Statement on Form&nbsp;F-10 (as filed with the United States Securities and Exchange Commission and as may be further amended from time to time in the future, including by way of post-effective amendment, the &#147;<b>Registration Statement</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I hereby consent to the use of my name in the Circular and in the Registration Statement and to the use of the Reports in connection with the filing of the Circular and the Registration Statement and to the inclusion of the written disclosure of the Reports and of extracts from or a summary of the Reports in the written disclosure contained in the Circular and the Registration Statement or incorporated by reference therein.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="681" height="32" src="g147201lci002.gif" alt="GRAPHIC"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105568\13-14720-1\task6100496\14720-1-lc.htm',USER='105568',CD='Jun 18 04:56 2013' -->

<br clear="all" style="page-break-before:always;">
<div>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I confirm that I have read the Circular and the Registration Statement and have no reason to believe that (i)&nbsp;there is any misrepresentation in the information contained in the Circular or the Registration Statement that is derived from the Reports, and (ii)&nbsp;the Circular or the Registration Statement contains any misrepresentation of the information contained in the Report or within my knowledge, as a result of the investigations and enquiries made by me in connection with the preparation of the Reports.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yours very truly,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Richard J. Lambert</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Richard J. Lambert, P.E.,</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Principal Mining Consultant,</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Roscoe Postle Associates,&nbsp;Inc.</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2<a name="PB_2_131302_7056"></a></font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='2',FILE='C:\JMS\105568\13-14720-1\task6100496\14720-1-lc.htm',USER='105568',CD='Jun 18 04:56 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.13
<SEQUENCE>36
<FILENAME>a13-14720_1ex5d13.htm
<DESCRIPTION>EX-5.13
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;5.13</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img width="200" height="104" src="g147201lei001.gif" alt="GRAPHIC"></font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;18, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">British Columbia Securities Commission<br> Alberta Securities Commission<br> Saskatchewan Financial Services Commission<br> Manitoba Securities Commission<br> Ontario Securities Commission<br> Autorit&#233; des march&#233;s financiers<br> New Brunswick Securities Commission<br> Nova Scotia Securities Commission<br> Prince Edward Island Securities Office, Consumer, Corporate and<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Insurance Services Division<br> Newfoundland&nbsp;&amp; Labrador Department of Government Services, Consumer&nbsp;&amp;<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Commercial Affairs Branch</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">United States Securities and Exchange Commission <br> Toronto Stock Exchange</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New Gold Inc. (the &#147;Company&#148;)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I, Holger Krutzelmann, P. Eng., as an author of: (i)&nbsp;the report entitled &#147;Technical Report on the Mesquite Mine, Brawley, California&#148; dated February&nbsp;26, 2010; and (ii)&nbsp;the report entitled &#147;Technical Report on the Cerro San Pedro Mine, San Luis Potos&#237;, Mexico&#148; dated February&nbsp;26, 2010 and amended March&nbsp;22, 2010 (collectively, the &#147;<b>Reports</b>&#148;) have been named as a &#147;qualified person&#148; in the take-over bid circular dated June&nbsp;18, 2013 forming part of the offer made by the Company to purchase all of the outstanding common shares of Rainy River Resources Ltd., (the &#147;<b>Circular</b>&#148;), which Circular is incorporated by reference into and is deemed to be included in the Company&#146;s Registration Statement on Form&nbsp;F-10 (as filed with the United States Securities and Exchange Commission and as may be further amended from time to time in the future, including by way of post-effective amendment, the &#147;<b>Registration Statement</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I hereby consent to the use of my name in the Circular and in the Registration Statement and to the use of the Reports in connection with the filing of the Circular and the Registration Statement and to the inclusion of the written disclosure of the Reports and of extracts from or a summary of the Reports in the written disclosure contained in the Circular and the Registration Statement or incorporated by reference therein.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I confirm that I have read the Circular and the Registration Statement and have no reason to believe that (i)&nbsp;there is any misrepresentation in the information contained in the Circular or the Registration Statement that is derived from the Reports, and (ii)&nbsp;the Circular or the Registration Statement contains any misrepresentation of the information contained in the Reports or within my knowledge, as a result of the investigations and enquiries made by me in connection with the preparation of the Reports.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yours very truly,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Holger Krutzelmann</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Holger Krutzelmann, P. Eng.,</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Principal Mellalurgist,</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Roscoe Postle Associates,&nbsp;Inc.</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="680" height="36" src="g147201lei002.gif" alt="GRAPHIC"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105568\13-14720-1\task6100496\14720-1-le.htm',USER='105568',CD='Jun 18 04:56 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.14
<SEQUENCE>37
<FILENAME>a13-14720_1ex5d14.htm
<DESCRIPTION>EX-5.14
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;5.14</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img width="200" height="104" src="g147201lgi001.gif" alt="GRAPHIC"></font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;18, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">British Columbia Securities Commission<br> Alberta Securities Commission<br> Saskatchewan Financial Services Commission<br> Manitoba Securities Commission<br> Ontario Securities Commission<br> Autorit&#233; des march&#233;s financiers<br> New Brunswick Securities Commission<br> Nova Scotia Securities Commission<br> Prince Edward Island Securities Office, Consumer, Corporate and<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Insurance Services Division<br> Newfoundland&nbsp;&amp; Labrador Department of Government Services, Consumer&nbsp;&amp;<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Commercial Affairs Branch</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">United States Securities and Exchange Commission <br> Toronto Stock Exchange</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New Gold Inc. (the &#147;Company&#148;)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I, Christopher Moreton, Ph. D. and P. Geo., as an author of the report entitled &#147;Technical Report on the Cerro San Pedro Mine, San Luis Potos&#237;, Mexico&#148; dated February&nbsp;26, 2010 and amended March&nbsp;22, 2010 (the &#147;<b>Report</b>&#148;) have been named as a &#147;qualified person&#148; in the take-over bid circular dated June&nbsp;18, 2013 forming part of the offer made by the Company to purchase all of the outstanding common shares of Rainy River Resources Ltd., (the &#147;<b>Circular</b>&#148;), which Circular is incorporated by reference into and is deemed to be included in the Company&#146;s Registration Statement on Form&nbsp;F-10 (as filed with the United States Securities and Exchange Commission and as may be further amended from time to time in the future, including by way of post-effective amendment, the &#147;<b>Registration Statement</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I hereby consent to the use of my name in the Circular and in the Registration Statement and to the use of the Report in connection with the filing of the Circular and the Registration Statement and to the inclusion of the written disclosure of the Report and of extracts from or a summary of the Report in the written disclosure contained in the Circular and the Registration Statement or incorporated by reference therein.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I confirm that I have read the Circular and the Registration Statement and have no reason to believe that (i)&nbsp;there is any misrepresentation in the information contained in the Circular or the Registration Statement that is derived from the Report, and (ii)&nbsp;the Circular or the Registration Statement contains any misrepresentation of the information contained in the Report or within my knowledge, as a result of the investigations and enquiries made by me in connection with the preparation of the Report.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yours very truly,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Christopher Moreton</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Christopher Moreton, Ph. D., P. Geo.,</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">former</font></i><font size="2" style="font-size:10.0pt;"> Senior Consulting Geologist,</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Roscoe Postle Associates, Inc</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="680" height="36" src="g147201lgi002.gif" alt="GRAPHIC"></font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105568\13-14720-1\task6100496\14720-1-lg.htm',USER='105568',CD='Jun 18 04:57 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.15
<SEQUENCE>38
<FILENAME>a13-14720_1ex5d15.htm
<DESCRIPTION>EX-5.15
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;5.15</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img width="200" height="104" src="g147201lii001.gif" alt="GRAPHIC"></font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;18, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">British Columbia Securities Commission<br> Alberta Securities Commission<br> Saskatchewan Financial Services Commission<br> Manitoba Securities Commission<br> Ontario Securities Commission<br> Autorit&#233; des march&#233;s financiers<br> New Brunswick Securities Commission<br> Nova Scotia Securities Commission<br> Prince Edward Island Securities Office, Consumer, Corporate and<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Insurance Services Division<br> Newfoundland&nbsp;&amp; Labrador Department of Government Services, Consumer&nbsp;&amp;<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Commercial Affairs Branch</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">United States Securities and Exchange Commission <br> Toronto Stock Exchange</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New Gold Inc. (the &#147;Company&#148;)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I, Wayne W. Valliant, P. Geo., as an author of the report entitled &#147;Technical Report on the Mesquite Mine, Brawley, California&#148; dated February&nbsp;26, 2010 (the &#147;<b>Report</b>&#148;) have been named as a &#147;qualified person&#148; in the take-over bid circular dated June&nbsp;18, 2013 forming part of the offer made by the Company to purchase all of the outstanding common shares of Rainy River Resources Ltd., (the &#147;<b>Circular</b>&#148;), which Circular is incorporated by reference into and is deemed to be included in the Company&#146;s Registration Statement on Form&nbsp;F-10 (as filed with the United States Securities and Exchange Commission and as may be further amended from time to time in the future, including by way of post-effective amendment, the &#147;<b>Registration Statement</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I hereby consent to the use of my name in the Circular and in the Registration Statement and to the use of the Report in connection with the filing of the Circular and the Registration Statement and to the inclusion of the written disclosure of the Report and of extracts from or a summary of the Report in the written disclosure contained in the Circular and the Registration Statement or incorporated by reference therein.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I confirm that I have read the Circular and the Registration Statement and have no reason to believe that (i)&nbsp;there is any misrepresentation in the information contained in the Circular or the Registration Statement that is derived from the Report, and (ii)&nbsp;the Circular or the Registration Statement contains any misrepresentation of the information contained in the Report or within my knowledge, as a result of the investigations and enquiries made by me in connection with the preparation of the Report.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yours very truly,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Wayne W. Valliant</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Wayne W. Valliant, P. Geo.,</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Principal Geologist,</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Roscoe Postle Associates,&nbsp;Inc.</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="680" height="36" src="g147201lii002.gif" alt="GRAPHIC"></font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105568\13-14720-1\task6100496\14720-1-li.htm',USER='105568',CD='Jun 18 04:57 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.16
<SEQUENCE>39
<FILENAME>a13-14720_1ex5d16.htm
<DESCRIPTION>EX-5.16
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;5.16</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;18, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">British Columbia Securities Commission<br> Alberta Securities Commission<br> Saskatchewan Financial Services Commission<br> Manitoba Securities Commission<br> Ontario Securities Commission<br> Autorit&#233; des march&#233;s financiers<br> New Brunswick Securities Commission<br> Nova Scotia Securities Commission<br> Prince Edward Island Securities Office, Consumer, Corporate and<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Insurance Services Division<br> Newfoundland&nbsp;&amp; Labrador Department of Government Services, Consumer&nbsp;&amp;<br>  </font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Commercial Affairs Branch</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">United States Securities and Exchange Commission <br> Toronto Stock Exchange</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New Gold Inc. (the &#147;Company&#148;)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I, Ronald G. Simpson, P. Geo., as an author of the report entitled &#147;Technical Report on Preliminary Economic Assessment for the Blackwater Project&#148; dated August&nbsp;28, 2012 (the &#147;<b>Report</b>&#148;) have been named as a &#147;qualified person&#148; in the take-over bid circular dated June&nbsp;18, 2013 forming part of the offer made by the Company to purchase all of the outstanding common shares of Rainy River Resources Ltd., (the &#147;<b>Circular</b>&#148;), which Circular is incorporated by reference into and is deemed to be included in the Company&#146;s Registration Statement on Form&nbsp;F-10 (as filed with the United States Securities and Exchange Commission and as may be further amended from time to time in the future, including by way of post-effective amendment, the &#147;<b>Registration Statement</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I hereby consent to the use of my name in the Circular and in the Registration Statement and to the use of the Report in connection with the filing of the Circular and the Registration Statement and to the inclusion of the written disclosure of the Report and of extracts from or a summary of the Report in the written disclosure contained in the Circular and the Registration Statement or incorporated by reference therein.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I confirm that I have read the Circular and the Registration Statement and have no reason to believe that (i)&nbsp;there is any misrepresentation in the information contained in the Circular or the Registration Statement that is derived from the Report, and (ii)&nbsp;the Circular or the Registration Statement contains any misrepresentation of the information contained in the Report or within my knowledge, as a result of the investigations and enquiries made by me in connection with the preparation of the Report.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yours very truly,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Ronald G. Simpson</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ronald G. Simpson, P. Geo.,</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Professional Geoscientist,</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">GeoSim Services Inc.</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105568\13-14720-1\task6100496\14720-1-lk.htm',USER='105568',CD='Jun 18 04:58 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.17
<SEQUENCE>40
<FILENAME>a13-14720_1ex5d17.htm
<DESCRIPTION>EX-5.17
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;5.17</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Consent of GeoSim Services Inc.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We consent to the incorporation by reference in this Registration Statement on Form&nbsp;F-10 of New Gold Inc., which is being filed with the United States Securities and Exchange Commission, of references to our name in connection with, and to the use of information derived from, the technical report entitled &#147;Blackwater Project, British Columbia, NI 43-101 Technical Report on Preliminary Economic Assessment,&#148; effective date August&nbsp;28, 2012.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dated this 18th day of June, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">GeoSim Services Inc.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="45%" valign="top" style="padding:0in 0in 0in 0in;width:45.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   Ronald G. Simpson</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="5%" valign="top" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:5.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>    </td>
<td width="45%" valign="top" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:45.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ronald   G. Simpson</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>    </td>
<td width="45%" valign="top" style="padding:0in 0in 0in 0in;width:45.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Professional   Geoscientist</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105933\13-14720-1\task6100712\14720-1-lm.htm',USER='105933',CD='Jun 18 08:15 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.18
<SEQUENCE>41
<FILENAME>a13-14720_1ex5d18.htm
<DESCRIPTION>EX-5.18
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;5.18</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June&nbsp;18, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">British Columbia Securities Commission<br> Alberta Securities Commission<br> Saskatchewan Financial Services Commission<br> Manitoba Securities Commission<br> Ontario Securities Commission<br> Autorit&#233; des march&#233;s financiers<br> New Brunswick Securities Commission<br> Nova Scotia Securities Commission<br> Prince Edward Island Securities Office, Consumer, Corporate and</font></p>
<p style="margin:0in 0in .0001pt .4in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Insurance Services Division</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Newfoundland&nbsp;&amp; Labrador Department of Government Services, Consumer&nbsp;&amp;</font></p>
<p style="margin:0in 0in .0001pt .4in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Commercial Affairs Branch</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Registrar of Securities, Northwest Territories</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Registrar of Securities, Government of the Yukon Territory</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Registrar of Securities, Nunavut</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">United States Securities and Exchange Commission <br> Toronto Stock Exchange</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New Gold Inc. (the &#147;Company&#148;)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I, Mark A. Petersen, AIPG Certified Professional Geologist (CPG No 10563) and Vice President, Exploration of the Company, have reviewed and approved the scientific and technical information (the &#147;<b>Technical Information</b>&#148;) contained in, and in the applicable documents incorporated by reference included as part of, the take-over bid circular dated June&nbsp;18, 2013 forming part of the offer made by the Company to purchase all of the outstanding common shares of Rainy River Resources Ltd., (the &#147;<b>Circular</b>&#148;), and have been named as a &#147;qualified person&#148; in the Circular, which is incorporated by reference into and is deemed to be included in the Company&#146;s Registration Statement on Form&nbsp;F-10 (as filed with the United States Securities and Exchange Commission and as may be further amended from time to time in the future, including by way of post-effective amendment, the &#147;<b>Registration Statement</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I hereby consent to the use of my name in the Circular and in the Registration Statement and to the use of the Technical Information in connection with the filing of the Circular and the Registration Statement and to the inclusion of the written disclosure of the Technical Information and of extracts from or a summary of the Technical Information in the written disclosure contained in the Circular and the Registration Statement or incorporated by reference therein.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I confirm that I have read the Circular and the Registration Statement and have no reason to believe that (i)&nbsp;there is any misrepresentation in the information contained in the Circular or the Registration Statement that is derived from the Technical Information, and (ii)&nbsp;the Circular or the Registration Statement contains any misrepresentation of the information contained in the Technical Information or within my knowledge, as a result of the investigations and enquiries made by me in connection with the preparation of the Technical Information.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yours very truly,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Mark A. Petersen</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mark A. Petersen, AIPG Certified Professional   Geologist</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vice President, Exploration,</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New Gold Inc.</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105568\13-14720-1\task6100496\14720-1-lo.htm',USER='105568',CD='Jun 18 04:58 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.19
<SEQUENCE>42
<FILENAME>a13-14720_1ex5d19.htm
<DESCRIPTION>EX-5.19
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 5.19</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img width="200" height="104" src="g147201lqi001.gif" alt="GRAPHIC"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June 18, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">British Columbia Securities Commission<br> Alberta Securities Commission<br> Saskatchewan Financial Services Commission<br> Manitoba Securities Commission<br> Ontario Securities Commission<br> Autorit&#233; des march&#233;s financiers<br> New Brunswick Securities Commission<br> Nova Scotia Securities Commission<br> Prince Edward Island Securities Office, Consumer, Corporate and<br> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Insurance Services Division<br> Newfoundland &amp; Labrador Department of Government Services, Consumer &amp;<br> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Commercial Affairs Branch</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">United States Securities and Exchange Commission <br> Toronto Stock Exchange</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New Gold Inc. (the &#147;Company&#148;)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I, Lee P. Gochnour, MMSA QP, as an author of the report entitled &#147;Technical Report on the El Morro Project, Region III, Chile&#148; dated March 26, 2012 (the &#147;<b>Report</b>&#148;) have been named as a &#147;qualified person&#148; in the take-over bid circular dated June 18, 2013 forming part of the offer made by the Company to purchase all of the outstanding common shares of Rainy River Resources Ltd., (the &#147;<b>Circular</b>&#148;), which Circular is incorporated by reference into and is deemed to be included in the Company&#146;s Registration Statement on Form F-10 (as filed with the United States Securities and Exchange Commission and as may be further amended from time to time in the future, including by way of post-effective amendment, the &#147;<b>Registration Statement</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I hereby consent to the use of my name in the Circular and in the Registration Statement and to the use of the Report in connection with the filing of the Circular and the Registration Statement and to the inclusion of the written disclosure of the Report and of extracts from or a summary of the Report in the written disclosure contained in the Circular and the Registration Statement or incorporated by reference therein.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I confirm that I have read the Circular and the Registration Statement and have no reason to believe that (i) there is any misrepresentation in the information contained in the Circular or the Registration Statement that is derived from the Report, and (ii) the Circular or the Registration Statement contains any misrepresentation of the information contained in the Report or within my knowledge, as a result of the investigations and enquiries made by me in connection with the preparation of the Report.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yours very truly,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   </font><font size="2" style="font-size:10.0pt;">Lee P. Gochnour</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Lee P. Gochnour, MMSA QP,<br> Associate Principal Environmental Scientist<br> Roscoe Postle Associates, Inc.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="680" height="36" src="g147201lqi002.gif" alt="GRAPHIC"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105568\13-14720-1\task6100496\14720-1-lq.htm',USER='105568',CD='Jun 18 04:58 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.20
<SEQUENCE>43
<FILENAME>a13-14720_1ex5d20.htm
<DESCRIPTION>EX-5.20
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 5.20</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img width="200" height="104" src="g147201lsi001.gif" alt="GRAPHIC"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June 18, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;"><br> British Columbia Securities Commission<br> Alberta Securities Commission<br> Saskatchewan Financial Services Commission<br> Manitoba Securities Commission<br> Ontario Securities Commission<br> Autorit&#233; des march&#233;s financiers<br> New Brunswick Securities Commission<br> Nova Scotia Securities Commission<br> Prince Edward Island Securities Office, Consumer, Corporate and<br> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Insurance Services Division<br> Newfoundland &amp; Labrador Department of Government Services, Consumer &amp;<br> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Commercial Affairs Branch</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">United States Securities and Exchange Commission <br> Toronto Stock Exchange</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New Gold Inc. (the &#147;Company&#148;)</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I, Ian T. Blakley, P. Geo., as an author of the report entitled &#147;Technical Report on Peak Gold Mines, New South Wales, Australia&#148; dated March 25, 2013 (the &#147;<b>Report</b>&#148;) have been named as a &#147;qualified person&#148; in the take-over bid circular dated June 18, 2013 forming part of the offer made by the Company to purchase all of the outstanding common shares of Rainy River Resources Ltd., (the &#147;<b>Circular</b>&#148;), which Circular is incorporated by reference into and is deemed to be included in the Company&#146;s Registration Statement on Form F-10 (as filed with the United States Securities and Exchange Commission and as may be further amended from time to time in the future, including by way of post-effective amendment, the &#147;<b>Registration Statement</b>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I hereby consent to the use of my name in the Circular and in the Registration Statement and to the use of the Report in connection with the filing of the Circular and the Registration Statement and to the inclusion of the written disclosure of the Report and of extracts from or a summary of the Report in the written disclosure contained in the Circular and the Registration Statement or incorporated by reference therein.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I confirm that I have read the Circular and the Registration Statement and have no reason to believe that (i) there is any misrepresentation in the information contained in the Circular or the Registration Statement that is derived from the Report, and (ii) the Circular or the Registration Statement contains any misrepresentation of the information contained in the Report or within my knowledge, as a result of the investigations and enquiries made by me in connection with the preparation of the Report.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yours very truly,</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   </font><font size="2" style="font-size:10.0pt;">Ian T. Blakley</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ian T. Blakley, P. Geo.,<br> Principal Geologist<br> Vice-President and General Manager, RPA UK Ltd.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="684" height="33" src="g147201lsi002.gif" alt="GRAPHIC"></font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105568\13-14720-1\task6100496\14720-1-ls.htm',USER='105568',CD='Jun 18 04:59 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.21
<SEQUENCE>44
<FILENAME>a13-14720_1ex5d21.htm
<DESCRIPTION>EX-5.21
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;5.21</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Consent of Garett Macdonald</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I hereby consent to the incorporation by reference in this Registration Statement on Form&nbsp;F-10 of New Gold Inc. (&#147;New Gold&#148;), which is being filed with the United States Securities and Exchange Commission, of the scientific and technical information of Rainy River Resources Ltd. contained in the material change report of New Gold, dated June&nbsp;6, 2013, which I have reviewed and approved, as well as the references to my name in connection therewith.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dated this 12th day of June, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="6%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:6.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="41%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:41.9%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   Garett Macdonald</font></p>    </td>
<td width="51%" valign="top" style="padding:0in 0in 0in 0in;width:51.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:6.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>    </td>
<td width="41%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:41.9%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Garett   Macdonald</font></p>    </td>
<td width="51%" valign="top" style="padding:0in 0in 0in 0in;width:51.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.26%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>    </td>
<td width="41%" valign="top" style="padding:0in 0in 0in 0in;width:41.9%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Professional   Engineer</font></p>    </td>
<td width="51%" valign="top" style="padding:0in 0in 0in 0in;width:51.84%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\106406\13-14720-1\task6099472\14720-1-lu.htm',USER='106406',CD='Jun 17 10:39 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.22
<SEQUENCE>45
<FILENAME>a13-14720_1ex5d22.htm
<DESCRIPTION>EX-5.22
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div style="font-family:Times New Roman;">
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;5.22</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Consent of </font></b><b><font size="2" style="font-size:10.0pt;font-weight:bold;">Kerry Sparkes</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I hereby consent to the incorporation by reference in this Registration Statement on Form&nbsp;F-10 of New Gold Inc. (&#147;New Gold&#148;), which is being filed with the United States Securities and Exchange Commission, of the scientific and technical information of Rainy River Resources Ltd. contained in the material change report of New Gold, dated June&nbsp;6, 2013, which I have reviewed and approved, as well as the references to my name in connection therewith.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dated this 12th day of June, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="44%" valign="top" style="padding:0in 0in 0in 0in;width:44.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:6.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="44%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:44.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   Kerry Sparkes</font></p>    </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:6.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>    </td>
<td width="44%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:44.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Kerry   Sparkes</font></p>    </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="6%" valign="top" style="padding:0in 0in 0in 0in;width:6.08%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>    </td>
<td width="44%" valign="top" style="padding:0in 0in 0in 0in;width:44.5%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Professional   Geoscientist</font></p>    </td>
<td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\106406\13-14720-1\task6099472\14720-1-lw.htm',USER='106406',CD='Jun 17 10:40 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.23
<SEQUENCE>46
<FILENAME>a13-14720_1ex5d23.htm
<DESCRIPTION>EX-5.23
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 5.23</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Consent of SRK Consulting (Canada) Inc.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We hereby consent to the incorporation by reference in this Registration Statement on Form&nbsp;F-10 of New Gold Inc. (&#147;New Gold&#148;), which is being filed with the United States Securities and Exchange Commission, of the scientific and technical information of Rainy River Resources Ltd. contained in the material change report of New Gold, dated June&nbsp;6, 2013, which we prepared, as well as the references to our name in connection therewith.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dated this 14th day of June, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SRK Consulting (Canada) Inc.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   Glen Cole</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:   Glen Cole</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:   Principal Consultant</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105938\13-14720-1\task6098892\14720-1-lx.htm',USER='105938',CD='Jun 15 07:49 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.24
<SEQUENCE>47
<FILENAME>a13-14720_1ex5d24.htm
<DESCRIPTION>EX-5.24
<TEXT>


<html>
<head>

  </head>
<body lang="EN-US">
<div>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;5.24</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">June 18, 2013</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Re:&nbsp;&nbsp;Registration Statement on Form&nbsp;F-10 for New Gold Inc.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We have acted as Canadian counsel to New Gold Inc. (the &#147;<b>Registrant</b>&#148;) in connection with the registration statement on Form&nbsp;F-10 (the &#147;<b>Registration Statement</b>&#148;) being filed today by the Registrant with the Securities and Exchange Commission under the United States Securities Act of 1933, as amended.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We hereby consent to the reference to our name and the inclusion of our opinion contained under &#147;Certain Canadian Federal Income Tax Considerations&#148; in the Registration Statement.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="50%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   Cassels Brock &amp; Blackwell LLP</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Cassels   Brock &amp; Blackwell LLP</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\105568\13-14720-1\task6100496\14720-1-ly.htm',USER='105568',CD='Jun 18 04:59 2013' -->

</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>48
<FILENAME>g147201lei001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201lei001.gif
M1TE&.#EAR`!H`/<```(!`P8&"0<("P@%!P@'"0D*#0D(!0L-$@<*$@X1%0X3
M&1`-#A(.$102%!D5%AP:&Q86&1,0#1T>(B$='B(?(24B(RDE)BHF*2TJ*R0E
M*RTK,S$M+C8Q,CDT-3XY.CLW.C,O,A\B*4(]/40_04U,/$9"0TI%14M(2E)-
M35%/055145I555U96E)146)=76)>8FEE6FIE9&YI:F=C9')M;'-N8WIU='MV
M=G-O<#H\1'AZ@W^"AYD:&YT<*9H;-YLI,J,;'*@>)J0>,ZPD+*<D)Z0D-*PE
M,JTI,ZPJ.J@G.K(F++0I+;<I*;$F,K0I-+4K.[HK-+HM/+(F.[PQ/+8T.Z\Q
M.+(C'*@I1ZHU2*TW5K0M0;LO0;0I1KPQ0[TT2K<V1K8[5JHL4:H[8YPI1X-]
M?(-\>)QD<K=)2KA&6*M)5;=)9;I7=;11;JQ:9L$N.<(R/<$P-,`L+<(S1,,U
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M^OSY]OW]_?#T^>[Q\+_`PB'Y!```````+`````#(`&@```C^`/D)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+!O?AX[>/7[^.'$'N^R@2Y$21`O7M6ZDO9,>6
M`DU:E(FQILV;.'/JW,FSIT5E9"A10B2TDE%+EC9AVI1)D]-0HTY)XU8/XK53
ML*(Y>^8LVC-HT*I!DV:-;+5JU[AQ8[>Q(KZW-'W*[=D1!X"[>//JU1N@0`,,
M*TA59;@"@`$#`A`3&&"`P&$!!0X78+"@P8,*'6(H@PE1F@<,%A#-'3W7;@/(
M!0($$`!Y=8'7K%D;<$W`,`IH'',?+%P@M@`"`0@0$'`W./````8`O\O`PR:4
M"CN2`5``0(5KNDEKOVF#^N/@JF/^&X"-.G&!"'Z)4_BTL`4`]'['_W8<X''C
MQXX+))A=`(6S[`>U5(X%`C20``"5;*?@37:]!H!PPO7UV&N(]19;;^,98!@9
M"KGW6@.]19#8<?,A!Z%PB$%&G`/L,43)`+T=```'["QHHT5VS28<`/7QJ)P`
M]2&68F(I5@A``Z$DY.%XM8VWP&Q"'B;D:Q3*%@$`#IP"8$'K7-!7`0<<0``F
M6]YHYD(R``!D<E`N!F%C>$D(9&(')/#:`-<AI()AO_&8V%YX058A:_6A!@`&
MV"6$"0`+H-8``"5P=N:D"L5@&(2%LJ@,++`H8PHF99!PI8JJG4<D`#8@A`)U
M.\(Y`1G^D9111@TPD/"`ABHFMAJ(?@$@0T)='MG;:PL`(`JER"9DJ7S`U49!
M6P6E`PH)?`I):&T/5,./I/R<<.D``P0'@`D%W7./.-->265D0C9@``7M((0(
M``R,^-J5+"2;VTH,<9M0/>V8HPXWY*RS3CO^(L2"FKXU-D&-`'94SR5V@LA:
ML[61:9"W!>SHV+@"D430/<N(`".8*E((P"@'.>-`<!4.:\`"I)2I8%P1W?-.
M-[T,LPHKDDCBB2>R%$---_%`R]#""\#7V@1*'V1#``XD]N>.+AQ4`G6J`5?=
M"0GEP\\U&P"@P`'EL08`#@=9*N8!ZT(&0-8VZUM0/N-\(\S^+JL(TH8A/_Q0
M!1J"T")+-_7@W-#"(,I7W0/^)-31@*M=;!P`'="T3PY'SK<C"@IM9$H""32`
MMH5?BTW0.Q=0)X"8Y54'031V(T3/.,88\THB:O@`!!!!$&&((,0,(PXZ_%[T
M`@!PIYA:!5$?=`/#Q\T&P`:J$[0UW,-%!@#8"K6T,)6LW8E!.06=0D#'$*8\
MGJ^4MJ222/1LT\HB?H`Q1A)!`&_$&8'0!3.8<0YXV,,>*TE>12Q%GJ=%CR`=
M&85C@-2Q'H&`)OKP%MH@@P`&`*`%#0E%`,*$FC`!0`+8*,@,`H``"J:F+Y`Y
M0``>8`TS@00F[-"&+/RP!C0DH0?^0"!"$,^PAUGX@AG@2(<2TQ$.=!A0@169
M`77(AQRH,41]J('`;XBS`0QR[#4(6-\')9<;:,!M6!P,``6X01!G/*`OI4+`
M:TKEH!MLRTSS&`<R6-&&-/R0"$Q8`A.8`(="&!&)X$AD$M.!#B?&`QX)5![S
M7G-&ZSRP(+`8UAS5=+WLQ81C!U#`V62$`L41!!L*:(UK4K.!=1"$@<1!#96"
MXZ`-L%%!^JA?,0XA!A\4`0I3>(,;E``%*OS!%KX(!C.\<0QO.-,;B4P'/)R(
MP'R\Y(X3<<%[R`>D9T6''ZCXTAP1`[*"[.,$`;!3G43YO89@`P+I1$T+`4`"
M>N1&&O#^[-BP_#0L!!C`@Y202_+RN,LUJ`$+5W`"%`2YA"5\X0]&]`4P@@$,
M8`ACF=X(!S@T>HY&&A"!^[@'3?)!CW6H11S=0,=&;CB0A2D@`;(,`/08,KTS
M_L9![)%)/]")@)XFX*4``-T5^R+'T\DH$@3A3<=D5`$;="QF!$`;""Z)DWF0
MPQ5L\,$3L%`%*@1S"DH@0AZ.Z8NR[F(8PPA&,(3AC64F\AP=A4<\YN%)?KAC
M&ZYPA2,\P0I9]$(<YC!@0I9GI]<YJ`*14X@Z-$"=,"'@`.ZRP"T+XJV7VHET
M[<1F1O@QG0VVICJFR,T_&-"7]7D0!O700%_."*86XL:4%Z'^!S(<L88PA($+
M7NA"%YS`!"4HX0UYF(0M:F&+7>#B%[]8JS#8JLAP=%0><[T=.9"1#$<L@@U8
M.$,;)I$+9J1#I#%)2&%(QQH2(G8A.G#=&3%;@X/L8VL*Z&E/%1#4;W*C=9ZM
M4P`FH([<+`],!A+``I;!CYIJL@&/LN-.^H&,18@A#%?0@A>0\(4G!%,)2\@#
M(6PQW%K4`A>^R(4OA*'6`4(S'/)(<=YFNP@U9$$(0?@"\;QKKH[`=B#+"Q,E
MT4:!Q!JD'^!\K";E2+5G($2#KTF`"87J7H'818YR?!T$`!"#W%3CC?HIW0!.
MT!%G0`!,!9!OF">00B!?)'G98$7^%A(J!RI0@0Y?#:L;^#`(5<PB%[40\2YV
MX8MA`(,9;/W&-\)QC&/<XA5]2`,6BM"#'YP!$+8@X$?O8<T##L24_XV;)1."
MBA#HATI*EE&"CFPV!(CRL?55R`[DJ$G(`D`$;.Q(>L/,:@(DJ2.$#7.8PQ2`
M3N!$'\5XL""A0(>%3D$.4X`"$=[PAT$,(A"JZ/">^8S<9GX#&;Q81!_0\(4B
M]$^LA)B%,,#A1'0PTESHOD=#"J/CJ!YHIOL2B#IT$%_'/M:$+8B7O\Y9Z@0@
M8(2I-K-'/)(-'+1P@TD60`1"VQ%N9&"*:N.`OOEQ"C"_[@"H-L$[;/*-5Z2A
M"%1XPQ+^H!`'AM*!"7&@`R$(,8A9J$*XM3#N+JI]C%_0P@][X$(1K*"$)BP;
M#T:$YD:="U='VL.:T%$8\S9HP@PHK1_92`7G6!AF`3R6."4PAT),D$Y1^EM&
M^3((-C3Q@<J!V4[4N81'.E*)*;)0U-BLQP16ZUBX+0`6&-&',=:`A2,L`<-3
MF,(0%"I()N#A#XAW=B`",8L\SQP7N'C$'M#@`R(`<@E$@,(="*$+B[)5Z!N-
M*SSN0=<;M_1(=B(?!'!P@QO(X`4G"`$"`-!3UZC&.C28K'MS$("SD4[)'\P&
M-++QCW]D0@8:^'>H/TV=#;`L-]Q@K"8!8('^$F1\8((;JF?^4)&.D&,164`"
MLH_PYBYX00YS@$(QQXIX0@3B$8RW!>1I`8A%&^$)3^C"&YA@A2GD81:ZL`NZ
M(%'*Y$RAYU'V``_6E##Z$`_K4`[M(#:K@C*5,QR`L@"I%%,-4`G6%SJ\]U*G
MIF/-TQ?%H6,J8P`E8`I1DR9G)"8`P`FZT1'7(`&KU5,H`P!:0A'D<`AA0&Q.
MX`15<`1>4`=W4`=R8`13P`>(]P<L!PF,APOTAP988'F_1050L%M0P`>S8`NZ
MT(6=MU;/M%'H4$#Q<$#V4!#U8`ZR$`O$X%?B(`\=L2H60SZU81A/%1M1!B:9
M53<"@0\?L'1A$HBIT1NA1CH=@Q?^!,`!GP`Q!&$-%>`Z#B("D0-%+`@W_O8Z
M094P#/$.K,`%45!,4^`$4=`$44`%71!X_O<'>*"$B,=X@:`'W>8$%@8%3*!^
M0_`$#\5A>>:%R02&)]9$\1`/UI0/\R`/QD`,AW`(9D`\O4`.GK0J<%->IX,!
M#U`=`Z`F0](;L_<`*<00^\`!DV1U&(<`"2`!Q+$7!7`!'B`#H<"(,=$2=@$[
MDP$`FI`2(2$0F91]CO4:#(`;$M$*6""*ZA=XZ"<'<M`%43`%=#!6AX=XCP`(
M?/`%0S`$ZD=L4#"10U`$==!RM:`*'L9GG6=1S>0-@S97XS`.A+8*?I`&?M0&
MJ]`+\K#^<?'&#R;`,(/8,12`#=1@"I\P"C=`B%4GC@"@=@SA#R```$IV;S*T
M`M5`"IE`"3:``Y5`"9T0#=<@DPBQ#XP5C:GA`+I7$*O"`'4"-ZXV`Z97$/+`
M!DX03&]@D%$0!7-`!P?YEDV0!X#0!X``"`]9!SY'3.JW!&NI;$Z0!Y``"8/`
M85QH5B3&7.$0#GG#"[30!W=P!$(@!$G`","@1$\47@/Q1;$A(Q80-4AF=0<G
M4S6T$/ZPE7724S)"`Q:A/AB'-H]"+HK26'62?3.$'6?9$;R`!6_PFW(9!4\@
M!U#0!&[P@U%P!'B0EXSP"'W@!>H7!6X0!;5(G%/0!$?`!X3^``B#(%P=E@N[
M(`R_8&W?4'.TL`=G<`0\P`-5L`>T<`SR8&Z,!%(`,H&^P530TA&F$%6C-(ZM
MR1#X@`$C9&JB)"._PB\F`44(H4W:)T<`D`EUPPX>0'OB&)L`$%`-(3^'H)#!
M1`?)^01NX`90()Q0@'_,"0EH4`1<X`1'L%O(EFQ1\'<:UHK=Z6$QYPOC:9XX
M!P9-H`1'P`1V60O-!`X=570'9$WW^%Y+5W6]D0'^0@-F4V\8EQH0\!^AHUKR
M-5\!\"L2`63.P`"MA6H?T($($0JN<V_D:!UDNA#?@`5R0`=O``5R\`1.(`=1
M(`=V\);)&05]``E]4`=%(`5R\(/^3?`$PBFHRC96@0`(L]"=P]6%R/4+N_`(
M/E0$3]`$A7H'@2"2&.5<8SAZ]@!>NK$UFN0@&2`3,OAEK#6(`,`"5,4/`9I.
M/65U]*5@$V$78DE)`1`#V(`-ZO"K[*`.[!"LZO`.V6`!Y.A8HQ0`]>@0K8`$
M4_")"N4$6S`'43!XQ"F+3J`'=[`%4O`$4B"G42`%<^`%4T!^2G`'-.ILC"!_
MR$4+?X`&76`$1@`%3I"ICX!<$X51B=1$C012-B80^3"AA54^`.!T!Q&/JVI"
M&(H0ZZ!::,.:"A``MOH0^MF@]L8`$``!#]"Q#R`!$M"Q#@"R@?A8Y!A?!;`!
M:YH0KP#^HB(*!4=`KG9JJ/<JBTTP84/0<R-JIR-Z!/DW!'(`"'\`"(LG"*H0
M;;:@BM[FL^KG!C$&:65%@,J$1(P45R(%1?G0`4L'4PYB`3(!$]B0`19W;UWY
M6@>A#B$PH*$42@!0L0[Q$5]T-A:B&K>''#S"(Y7#0E`&-Z,$`+[6$*V@!5$0
MITM@!'3YEG;@!%(0!78PHG3ZB7EZIXNK!510!W6ZG4LH"(Q`?WK0!,$SHDY@
M!TV0!'<P"[CP87VVK^#@743:4<BCH/GPAX$80P!P`0EA"4@)1BT(`-R'$.I@
MCE\77Q,K&A#1$:0P'N2C:Y2D3E`6([F:O&%2.GM(1L;`!5?^&*=VD+A-L`5/
M4*+%&:X5*9SXAYU/4*Y;D%M?H(1\X`>/\`B0P`=@8`0ZJU!-,`1&H(6TL`IY
M5E85-4!(Y*GH(*H%\0XBP#P7IX<7H#CK4,`B.(ZK@7>2TA&_*P#^)E^U*A'[
MP&Y"=B&O,1PI,XCR%$.L.4L0\)4(,0YJL`3)U@36.JYTV00*A6&^I012<(M1
M\(,MBG](<`1T\`=ZH`>$``EZT`7@.HJ^%:='L`5ZT+ZJ0`NV(&(5]6<#)(;H
M@*0'@0\3NH_Z07TX$T%@M&-Z6`+Q0A!`A@T/8&H63%\!=98#<0I@:H*^L45`
M<AQ+126F,\(;C#8Y%3[Z\`H*Y;W^TJFG]=L$B0L%Q"2*<V"G@.D$78`$5.`%
M3J!R@$`(?%`'1N"SGVC(<NJS?/`(LZ`(M(`+3TR`4JQ(]J")`O$.6=Q"^^2U
M"?$.[$9"PR(CEG"V;S1?\W6A$C&!.C8G"X`Z!1`N=(NW=7BWRHN;(O"J*L$/
MXX`&<<`$PZFGAOJ66[`%Q$F1(UH'HS@$HV@$6J`%"#D%=YD'HDNH%)FSQ8D$
M7M`'B\<(JZ"+_*NZX1`/FPB.839*U8$!`G<0RG`:@<AT`9`!)JP.;S2.0CEJ
M#=$1T0"FV9<`,Y0)RG`*$ET*HU`*I!`*J"`*G-`)GR`*J<`)32&[479Q`L`R
M-Z8/K+#^!=+JN,)YIW/0O5'@6].9IPKUK2VJ!5N@6WQ`!SVJ!)^(J0IE!/>J
M!7P`")#`"/%77%$[#,PPSP[Q#N#8H`Z*`3=F8'E81P#"#1#`FG7R4T,Y<`ZQ
M/&))EO`S$:/`,*_#F@"@`JA,$.&@"$@`E\G6!2\MOJ.H4(Q[K:2(;$^`!'.P
M!4@@!0KI!IAZP^J'UW*P!4:`!MNY>-#F8;DP#+O0#.!`SQG*#_5@SV"6IAC0
MUOR0#U^DQ0'0`(DR$-@@(K'I;P=2RZ;7$9Q@-F,M0Q.@+0&K#S`1L";Q$;!J
M`2.D(DJ9)`TQ#GY0!'+I!7"Y!4Z@S88ZG7,P!]D;NELP!5+^X`1>@+Y:0)''
M:<C@*P7@?+Y]L)V,,`FST'BYL`J^(`[P(!'M4#9DF62'TA"ED"NOLSXR8D<F
M80T./8XO)2.;\!!8W'O^B2`4T1%IHFL2"RD/<0P'50?%9MR+&ZZ&VMS"V<(Y
MW07?6JVZ%:[&:<B1.Z=/P`5W8-2`P`CC_<3@&0YL7!#L(*#_7"<`<$'>N">]
M/!PRPHVZ40TB(E]?!P#][8W\\`EF$[UH@T(640QH4[*SJR6FIP_CH`@^T`2_
M.0=&:)#.;:A/<(MR4`?1G5OB.Y=;L.%*T,+6*N5?T*<C#FT>F0OBD.)<8@%(
M:8DFQ`']P@_2\`"OXQMZV+L"<0W^J12]+70@S=H0\)7:`>":%M$/[.9O9Q<`
M^>+9N4$.K.!'P_D&<*G-=GK);SG=B3T'4E"M=XK3HWC#34#7Z"><75`$=ID(
MCT#BJD`,*%X1ZO"(^J'?`<`!;-QV<!,<Y7,:Q](2UW`:I*.L#^H06DV:/E4`
MRJ!9$W$*+;[?!P`!1I;BR<`&17`$);H%=-"]=5`'>4K844`'*LW-?]W2BWN<
M3V`'""F^3F`$==`'J^[)JP`.US01ZC!WP5XGYB@"/LX/6IU]I8HY@U$-]3*.
MCT5?&L,0;;?5/A4`&/"J#L%O+<ZV7`H1X[`&/H`$""D'F&H''NH&V?N6((J=
MB<T%U5S^OE(^S=-MJ'-J!)JZN:K0"VQ^$&8\11XL(Q\`$?]5/I$A-[7,#]2`
M-JI=)U/6(@M1#A=0`!`07YAEWQCQVJ$F2F>#`#8>$?2`55G@B7'PEJ&K?AK?
M!.&J4.C'O?2*?YENKV[PTEMP!#[=R:$L#QBQ#B;P`!J0`1*0`1E@`1"P`IW!
M`0R0``SP]Y"%-A:`'=)P&A8G`%-V+#<V'8@QS!5@I1C!#N"('"PTS(9NL0-A
M#.!G!-/=!"-ZN-,LIUU0K71Z?]ZJW7:@S;*HR4O\ZACA#^[0#NXP^P:C#F/\
M$.P@#6`!#='`^]$0#<K07_AP"J8@T?^`"J5P"J7@C@E1"DO^80E&813^:!.F
MT`(M<`+8GP,Y<`(E$`/,#Q'Y@%73;:^?:*?-;:@IO[BC7[YV`*Y+D-CC&M<+
M!05N<`>]P(>UD_^AXP_\[P_]`/L`\0[?/GX%#1Y$F+`@.4=BD@2)HN5)%RA;
MDCR)8B1*E"UVI-B)TN3)'"\<N6S9HF7+$RU=CJ3)=<\@084U;=[$J7!?/YL\
M^=',J=!G4*)%C2K4=^R5F"M%GKR!$E5)%"A1[#QQ,_7)D2==4:*<TU6B'"H]
MBN#)!4[F4;9MW;Z%&_<H07WCDB7*,D:CDZI=*&YQHN3(EBY1N#C9(B7*$2D8
MI6R9LQ&.E2%G:H6S)U?S9LZ=.0/^U8?LU9XK0:!\H0)%SLHG<C@6AJ*5M9,F
M5!5'B7S$R!E!O<#E\QQ<^'#B">G=6B0&C`^G5"+[51P5RAO7&Z-(D0)ER)`H
M73D628(FC9]5P=#MTX<P_<'UQ=V_AU^PKBQ%:BY2_0*&Y1,E4Z,X"8DJUY[@
MHC&,(//""RR0.(,*-1CY99MPZ`$.I_;B(^Y"##F+)YQ>6$D#B>V&V&*C[)QP
MPH["IDAP#LCDH*B.*JC(SPOLGD@B##'86",11UQ!YIMQXEE/PX*&VO"M?8#:
M)Y]PY%D'G7J2/&J]G0X*9QM:``&#"RZ::`)`*.BH0XZ)NO/B"2K,I*(+,+[P
M`C#<GK#^PR,OK\`B"S#4\(,17'K1!IQSXKEG27[6TDD?H!*ZT,B:'%4TJ'ON
M@0><7EI9Y!!9M&&'2L_HV2891]@`XPHAE"`B#JKB@(()*)9P8D"2_'J"KR>:
MD,(-Z[KPHHLOFB"""2:<.***,_`09)))B&E&G'/0D2>>?-#[K*U]XI%'GFZ\
MZ247904YHXKQ7M%&'D<]5=(@?>BQ:Y$^U.C"""*&Z$]8Z:+P8HHNYH"B"2BD
M`-,-*$9"@@HIDHC"U2F.(*(*(HC@(>(?JOCB#(O1$"0011AIY19DD#GF&Y''
M>5*>>4X^.1^5]4%Y'GI0IB?F<68F^1MCC.F%EU9:6845/_#^L#C<(W@@X@?>
M6IE&'G2)(VA1?>3!V9$UTL#"A]*,B&J*(9Z(:@DE.HJBOX@>>T(*)[*+,PI=
M;X,-P":4&$(*)8*@.PDIM$#B33#`P`*--=9@8X\U%/%#$5844601POWHT8\V
M_-A##\GU\$*+!+>@E[8@FA"B\R2N2$,18KK);*:EJ5R7'&-$?3<++'H((@DC
MC`@LQ<"6@(**)Z:(8@H8SX2"52<LKQ6C+U*B@HJ"D2A"-RF00$*+(HK`XHLD
MIC^BB!E1&[B.*6IEF`@@'B:BB#:W:B+YN*4H0H@PU#BDE2#I06C1TT]/7;1%
M$B$UC"^%:$(0>#`$W1SA"$T0V!+^WN`U)52%"K5APD:FD+4I).][5=G(JZ;S
M!CI080IPX"`5.@A"%J&F"U,`$(I2,X2SX:@'GP-#'QJQB%ML8QSTNU\.U<6>
MA.3#939#QBT<L0@VN`X+6$@"%V8',+K-32H-M%=@A.6&";YA"G&`0VR"%P=7
M68$)7+07$[SH110]H0AT$P(2/H>&/9Q!#8-;13&TT8T*Z="..3F7>N8A#W*$
MXV/)X(4K7O&*1>P/<&P00Q:R$(8P7($+81C#%7PPR3%,<I)"F.3GKA#)*X0A
M"XE4SA[\D(A$+&*0LC#&'.5!(4=1BQ]YO&,L=U@E?>"#7>,@!SF0L0UD)`,9
MQ4B&*UK^(4AB%G.8M[A%,8#YL6^0`Y?S>&51["=+:G)&0TBJ9C;O.$WA(`D?
M-TD/-[4Y3G+:1)P_J5\YU;G.<Z[3G>^$9SSE.4]ZZK"=]<0GNN[I'@WM,Y_K
MQ(<I1C$*:)SS0NW@1KK8\0Z;P/*?Y8R&`QC@@`+$H(XWH80'ID24)1%D%#;(
MAPM>T#1^U&,&9#`*-@OBSX<61QD%L($U1```6!3D'>I`R#O:01`:/`"G;+F!
M".Q!!I0:I!T3\$!+\5F*`6B"'S0`0#'XT8D/7,`$T2BI)4!P@C+LPP438`<^
M:#"*@X0"!2B@1#OX80H6H+53-!`!/T@1"W[@`Q-C=0`+#J+^C&HH0Q3\8,<G
M*B$*X.SC&:2(AEKY<0U1D.*;):4)0^NZCVLPM!W02*A-J\$-DJI#L4K%"4].
M`0!*/`,#'?#'*1:`@E,\``/YV`0`7.",3UPC!AAXAPL64`IT6J,!*""%)911
M"@.@@`P.0`$_;""">FS`!/P@`P!>`-45'*0$%$#!"M9Q@@FXP`(QX(<E(L`"
M&Z#T$@7H@`5$4-D2_%49%S!%-3C`W5&<P@(66$$G]A$*#E3@`BXH!S\NP8$5
M;.*QH+U)*0"``@S0=!\R&(`R^$$)`&S"`Q90ZS[:$8,)O,`!IECI6@&@@G7D
M@QWI[10.`'`-,I"`'=A=QP-$H`_^:42@!0?I0`>PL8Y+#(`2_,!$`9PA@@98
MHQW4>,<#/E".4PP`P`ZX`3]$`0#A`J`#HR!%!2@0C6ML@AH6X,`S/@$`'&`C
M`C=0QRC6@6!S\H.IG!@S>%U@@&OP(Q0`L`$%GKL>&`2@`1.0AGQ*2@8...`"
MF2"`"@J""0"8@@PF>$<%7$`-`$09&PVH;M,XX(*?B&``+)"!"S8PBDQ$8`*C
MOL8`/E&0$SS`&1?X,2D`@(EG^#B\`."$06`!``Z4(08%^(`R,'"!&\""I2V=
M<JX]``!J6`(`H>"'"P@0BQ(TH,[U"*D%1O$`#V1VLOP810!(<($.?),,`:`&
M&4X0Z1?^<,/)_%`'<F="X(*@8`"Q:`<[UO%-:FR"`A08!0%6S0\2/.`9$["$
ME"OL#`"@E,+0_J8RR'R*3HA"JL]@P0($`&(VVZ04#EBU*1@P@W*(H,,%D,$^
M2.&`#5@B$MQ8@07V\0D"H*!"T;A!<$G+Z!AT8@+/C4$)CGH"?I@``)GH!`#T
MNM(-5-?.!CA!-:#!B76,PAE>C0`T*K`!;HP"`#&H!W[S<8E9,QRE31[!._3A
M#&H\8`7`4<<U],V/3%"9&YPX<,>-ZHPI[0,:-;U&)\HP"IH\`P<X<.\G"&(*
M2ZRYI)QX00ILT(YX5`(%*K`!->S,B7R4`1/\D,8).'`#%&3^XB`TV(1!?(X!
M$5R"'Y$XJP5L`&1N6Z`$"3VN"U30@$\XPP&I#Z\!2B"#R9.!`")0`0F<X8P5
M7,+DUZ"$`:JA=[CX$Q^?_4G>!5T0?#A^48]-CS[*P=>"U(,:IYA^0:I17\7N
M0QG*4$<UZH$/:'2J(,K`!";6G(]G7*(2REB2:"@#2J@I:A"%C:*^F=`'*^&A
M!"0*ATI`"&2:FFBG>S(4CG)`:;H^!,S`#H2+4J"`"P"S7$.GGZ"):>JH$`NG
M$C2=$%,7@L`$Q3.=<K`!CHLF]?#`^""(NKN!3W"`(DL(;CJV:.JG@_@`#N#`
MQ7H`&F!!%PR*=I+`'"P(1`,QJ!+^+$K`@1O`!TM0`1F@A+BSA$Y1!\)2!TJ0
M`4O`*74(!6C(A#!$"&ZPA$HX!9IPAISC@!)@!VYXK'>H!U/`AH)8AU`@!8-0
MAU-0AKQKAVLHG8N2PKBHNT^HA@H0@6AX``<@@T]0,1O`!`:(@6=8`&BCA`N@
MAA+P@$_```YX!V=;`1N`@!D(,7SHA!I0`0%PJE!H``N@`0-8`6>H@,]3!Q<@
MA0[XL5&H``O`@4_0AU#8``[P`!&`!G[(C&@`!6K@!'7(!,=KQ+B(+1N(!!@P
MAW*8`!RHJP9(@8*X`0*XAA5P@7I`.$ZHM'*(`0`8A4J0QZ?:@&\*)VQPAVS(
M@!R@!P[^F`!KR`<,6+<-V(!]R(0-D+@7B#0+@(9V,`5E<``1,(=KF(#D(HAK
MH`9R*(-IB(1GC,)L#$(!&X!0F!1^X`8*B#)V6(`7*(@Q@P51X``<L`!SB,>M
MXX`(*`5G"[0;^(`#PP<<T``-0(`2J(:1*P@1B*M-&(!3.`$R*`<\\SK@`S=>
MHP$9^$'[XP9J6(=8Z(18>$:1=(OT,#YC(PAN<(#9:X<"<$5^H,=H6(<&&(`H
MFP$`$(5UX(;IBZYGQ($2"+$I8X%8N(`1D`8#$$=^\`"_O`;7FH!JD(:&<\=!
M)(@[(X$;(#Y,6(_NTS=K6`?[$TNWJ`0".(5#62P#F#U]4('\"5B^#1`!AAJ!
M"`BT4#"`%V"'<HB%?8`J"9.!#@@Q>@P%?0"!#EB'#<"`-?NY@H`JO7J&AH,&
M`&#"??`'90B`MLP'>Z`_R;K!SX0+9:"$-2.(>B"#T02L&:"`"H@!QX,%:$N/
M4[@`!S"!5?N$VP,R)D0G:N@`"%BNZC*%6RR##8@!@G@&$7`&T+/$\%H`$[B!
M3E`N`B@!'%@!4OB$`>`M[>0G@[B&:V#$@RC$:OA.^ZN'3FF/-+,&;L@L90C/
M"UVI<B`(?'"&A-J'49@!'.B4=QB%%4"!57,&&IB^(:30!\R)1>'16>I1>G*H
4$\S.('0E*W$E)^0AT`C)X0@(`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>49
<FILENAME>g147201lei002.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201lei002.gif
M1TE&.#EAJ`(D`/<```$``0D&"`L'"1$,#A(.$!82%!X;'!H6&"$='B(>("8B
M(RHE)BTG*2XI*BTW*3$K+3$G+#0M,3HO-C$Z+38R,SDT-3LV.3XZ.C8X-B\N
M,3X]0#A&.$(]/4`W/$,_0$5(/T5"0DI%14U*2DE)1TI40T942%)-35-/4%17
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MP<2[P\B]QLJ_R>FUQ?.UR\/`O_K-A_C)EO[;C?K/L/OCM_[YN\7#P\G&QLO$
MR<S*RLG(Q]'-SM//T-'0S]33TMG6UMK8U]W;VMG7U][DWM[MX>#?WO?-R/?+
MUOO7Q_C6VNO'R_K8X_K/X>'@W_SGQOSHV/[]S/_XQ_[\V_[WV.3CXNCGYNGH
MY^SLZ^3JY>ST[.?TZ/#O[OWHZ/WM]/WJ]O#P[_[]X_[^Z_WUYO3T\_3Z]?SS
M]?[S^?O[]O[^_O?[^._P\"'Y!```````+`````"H`B0```C^`/L)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+&#-JW,BQH\>/($.*'$FRI,F3*%.J7,FRI<N7
M,&'RDSBSGS^"_FX.S"E09TV;0&WJ[#?SIDZ>0WD&O5G4I]&C0G,^!:JT)]2A
M&[%6[<E5*=*I5*5:%4HU+%FI5X\BM9I6;=6W8LN.A8K3Z,ZE2\':#7OU+DZN
M8PMB)?JWL%^$/RL.-JAUX>+$BP4[9FSX\&)_/Q,'[KJS<5*M20$/7KL9[<Z?
M>^W6-!U8;^J^8K^6G2J[=M?(,1MJ'EASM\69OFD>O%S7'[W<R),K7\Z\N?/G
M"'&/Y)<3G_7K[-CAR[Y.G;IUW=/^B;=&OGRU\M2H34NOWMFT:-&@-6LF?WXS
M9OB9P=H?:U6J5*><@LHIH'QBX">>=.())9Q00HDDCT3R2"**\(%('WP8P0<?
M0_P@A!`ST(`##232\,(+**1X(HHDH$#"BR^XX.*+)7SPX@<?C#!""2+HJ.,%
M&W!P`0;+",0#""(DV6.2)XP@0@HFG)"""":D(*645*:PP@HJL+"E"BF$&8.7
M,8S9)9=AID"F#"O(P*8,-=AP0PXY[&!G#G/RP$,//OC0`Q`^`"$HH((:@<@A
MARB"B"*)--KHHHH\(LDDDT@RJ8.8,M@@)YQX8F`H!89"2BBEE()***&84HHI
MJK(:BR_^L/JB2JR_U`J,+[8"$TPP]O7J*WWQU>>,,_0-ZPPTQPX;C7O3K/=>
ML\V>9PU[U5!#7C788DM-MN2EQZTUXI0G[KCA@BM>N>.6)XXXY[*;#KCE:0-N
MN.RN&ZYXYUISWKKP6I..O>B6]ZZ]_^K;;[KBEBNMN-9F>]YYZ:VW;;410VOQ
MML]"`]^RSD3SGC3-0@/->_`!XZO)OY@,##`II\PRR["RRHJLIL2BBBFDK(KJ
MJ*"``FK//_>,H"><+OB@)$=+$HFBAR)RJ!%00PWH#X+V8+6>>MYP0PTU:'V#
M#6.RP$(,6FX9PY8K>-GFEF&>X/8)2D[9(P@AU%VWCB&,X,'^!1R,<`$(0EI@
MP06$7U`!!19T<$$$$51P@05",AX!!0\\,'GC%1P^P004=/X`!1A0L+D##FQ`
M.NFCCW[Z!J:S[CKK'Y0@>PDPN%"[[;7?#L/N.N"@@Q`Z!!_$$#H,L<@0R"-/
M!"..+._(\\]CLDDFF6"B"2;2;Z+])J*,TLHHX(]22BNMI,(*.P(Y4THHHJ#J
MB2:>O`__)9I<4DDEE^0/R?Z05(()_XUP1",:P0A&$-"`!%R$`I$W*",@"@B'
M,$*@`C6H(`"J!SO(`9_N=(,>\,!.&8P!U[@&-C>QP$INBY*53%"E*8&`A2$0
M00A>&"43R)`#,P0<!^BF@0MTX(?^'="`X`Z'`0E0P'`1:$`#(C"X"C!.`E"4
M@.0H<#DI6@X"E8,``R#PQ`@P8(N5^^(#&K"`!"S@BQ!08A8;\,4O-L!RAD/<
M`R"`Q3>.40$*6(`>&=``""P@CPM88@7(2,9`DA&/2BRD'1EPQD:6,9!N9*,:
M&Z``!BC`C'K\XP+&&$A-OI&1EDP`(#.Y1$J>48F,/",G*\?),_)1CX74)`,J
MIT0%+/$!>JQD*CN9R#_B,9.Y_.(9TVC'3(I1BY6T'`6P2$4*2,")JJ2CY+X8
M`2V*48H1J%P$)##')VXQFX'48@4Z$`$?@N"</N2`.NU6-[K)D)UR@QL+H^0V
M%71)!F+^JP&=YJ3!'?3):E83%*(BB*@A#$^!"F0$$18Q0$L,L!&6N)]$-5$)
M35A4?J(0A2M<48J-HJI4J6@%*_[#BI*6%!;+(,8R5NJ,91C+62"CUC7($RYL
MM`,;V$@'-K*ACFSX]*8^M>D[ANH.HK[#'4@E:C[R@=1\Y,2IK.&-5(4C&>A8
ME2.108M4E@I5Z^3C.F"E!SS@@52DLL,=_\@.=]C1'?"XU3O?\8YXY(HOFM*4
M7O(RC[RDI8V].LM9Z@&9Q9K%+&<9:UC3.*QB%ZM89@S+L<Q8!F1=FI_\M!2R
MCJ5L99T169;BY["6!2UC.3M:QB866B\M[&`K-MAI/.Q:\O+^EKKNJHUVX0NN
MZ7BK.MBJUMZR0ZR]M8X_\$$/L'YUJ<+%QU""<U6&2*<YS'7(<Q,R&H+TAC.B
MR<MML$N7SFC7+K"Q25'(PA?M$F:[X`V*7`"37?:ZA#C.T<QTFTO?C$37(O-%
MSG/[HM[8Q"6]6B7O6MI2WMG`%RBKF>IYI]H8@5Q7(?>MKX0G_)P$&\0WW>VO
M@M>[%PT7)KW;;2^'O\M>SW@XPW<)38--S)G/'&;!ZBTQA(=#X1K;^,8XSK&.
M=\SC'OOXQT`.LI"'3.0B&_G(2$ZRDI?,Y"8[^<E0CK*4ITSE*EOYREC.LI:W
MS.4N>_G+8`ZSF,=,YC*;^<QH3K/^FM?,YC:[N;Y1!4MELE+=-]O9RODU28?O
M7.2M,#G";P:TA`7-YT(C.1V4B)\HLB&04G@B%)]8!CX&0@U*%*D@XA"%,RJB
MCE-=NA_L2`4J-KT3:PP$'^I@"684(XX\0\3/$G%U;F3-D%6((\KT8$4^*@**
M=!B$'JUFC%&L(X_A:F4:J1Z(-5AQG(&XIR;T4,]ZJC%I*?N$QE3U,2H`0(``
M`$`$Z+L```8P;DD`Q08`0,"M">()`*@@Q@_Q00AV\`B=4$($0*`$0:H1`YT0
M(P:%F02IJ^I@@Z!B&L[M1Z+AW1!G5,D$`Q^(.HCA$%"4*1("H48,3(`(G3@C
M!?HVR#_^'E%M@2Q#!3.H`0N*1.B*K$,17:)$M9T!"H*P@Q2X@84-1B`#9ERD
M`J1HB#]647)\P&(GDNB3K_L1"E-+_`<IV(&O__$)G=`C$K\U`@9W4`-4%(04
M$?<'(O39@QP$72&D",'1"\(*$Q0$%$Y/!P?,;7,@Z,0$GBC()T2@@AHX72#X
M0,1Q(B$V&82`!2571PU4$`)6"$01'&"!"2C>CT.$B0<W(4;?=Y`X]"FYY0C9
M1\(%LY4'<X4?^NB'/HJR#W_L0_0%X0<_O"$/@>@#'."H?3_BP8UYQ,,;_9!'
M[R-RDU0$(`BPL``!@LX!`Z`B$0-0@*G3$8$"!$`19:$$`&3^H'I:^\,$""<(
M#OY.Z10,)!4A.(@GPA^11S`#'Y'8;P32/Q$1/((?E/C$7YS1@WXLX^BX@0\I
M``O-`FHA(`GJD`)`(!#T\`AN]Q?LH`'-)A#6``N2MPSD)Q'+X&O350T<X`.L
M4`HAH`*3Q@H"D'<W80T@X'D%(0D7\`C+<`@+2&L$T0%>-UWX8`&;EH+]=Q/.
M(`*HX`F>EP*I0!4<<`/3X`-NQPXCX'GIL`";A@J@L`J(<`"?)A`XP`DVMP``
M$``$```U<!?10'[ID`+]EV"/D`,$`0L*P'X]`'!<\0CZ=A.2\`-!P0H=``MB
M]X`"X0,5(!#LL"[IT`%T=Q,UT'_^RU`!Z;`,#4`-_4`*'=`/UJ`"].`/*?`(
M4=$/(Q!R2;8-O5![WB`,J0<.NL`+O;`+HN<-J-@/O%`+O5`+NE![NR`,-J$+
MLP!\`D$.LU`+NW`+\3`+M#`+>+"*\O`*<H`'>$`'W]`/W(`':7`+_C`,<H`&
M<L`&L]`/A:`&T[@&W%`0WH`'4R`'S-@&5Q`%:Q`._3`+6X`&4A`%=.`&6Y`&
MW?@0-X$*U_</&!``7M<!!<`.RX``!;!IB%``(A``'E`0[<8"_>`#'&`#+X1P
M^/`('!`!5S@0['`!*8`(U48-$9`"6L@5U)`".H$*(M`/^#`-J1!^Z^`/Z3!I
M^.!TSD#^>>R@#<20:LR`/I/F#!Q`#$['#^F`%9(@0H[G#YZW'391#2Q8$)?X
M800A@S9A'08!"PM0"IY'"6HHB1VP;LX0A@;!#B`P@0-!"=AW$3'@=8YA`A\I
M$"J@AJF``!=`:M1@`B4W$(F8@181`D7($.P0``!W$XA0`3H!!"$`EC8PE"8)
M!)/V#Q1`#_^`>`*A#AS@B`-A`YQ(&$!P=@.!:`,0`<20E)47"F4Q"0M8$#5@
M;C>Q#A50`-4`%)Q@`VN8`*9V$Z6@D$`1`YAHDBG@>;!@`""0>D!AE05'#2'@
M>3+P"8APE?[``=/@"377#ZEP`@6G"#O`9(*0!+O@#W*`!,/^T`]Y@`3&\`5(
ML`O]L`9%(`S@,`518`Q@$)[R$`5=,`_>,`5/0`Y`L0U/\`1*$`;=,`5,0`98
M@`1[T`^T<`1D4`58<`2R(`]<X`1G0`C@(`5.,`9>D`1YT`]LX`1D4`9.0`<$
ML0]K<`1V0`CQH`9,8`=E4`1PX`^!D`1N``A5T`1V,`9'\`H200H"D`$-4``L
M@#X<<`#-!P`LD!,5L`#L@`$!R17:YYHA```6P`)`V@]!```-P`*&21`G.0TL
M,)KI``NL$`(H*!#3\&X"D0HEN0P?&`*ET`\G(`V4D*:2,)V(T`-&@'V=P``V
M,`V38`)>MP,Q:0!&$`.K"0O]-A#^^J`"XL`*<.@#C@@$)+<#9<=^^Y8"*E`*
M,V$$/I<#XD`-1M`/)L`!^.`)&%1O7)$*5A,"/K<#<ZBFCM</Q$";!<$.'@"6
M-Q$)B2`4B@`HFV8-.>`#@>@#4(-PSJ!U0$`/[/``N4FJ/A`*<RD0L``"4+$,
M%]`/I9`"TZ"<_1"7R]H/.["I59$.0-`#AX!QQ*`(AY`#FS8-5J,(1G`3E.`#
MBO``CI<*-O"M/F<0K!`!D0EJ%6`!3L=U)S":_4"E!2%ZRV`!_4`/%B`)GQ`*
MBK``JSEID2"F!=$#-0<5K```%9"4'9,#B,`,2]</C^`#,78"ALD"4+>#_3`)
MTSD3ZD#^`8<GJL2P`G&X`C?!#)Z*E9YP`I/F@R'PL?V`"GS8KJMP`;[F#!3@
M#T!`>>(``D['##W[>?TP#EGP!L-`!5A`M5DP!O:0"T[P!L(P!5=+"TH0"/R0
M"T_P!KKP!%.`"WMP!+9`$-M0!5*0"\I`#EEP!\I@#'([#&H`!<F@#&-0!-_0
M"T<0".7`#[J`!&U0#LD`!>+8!DC0"^7P!6E@%[SP!&Q0B=S0!%9P#_6@!E$0
M#H%P!+>`#E5P!>XPNK?P:H]8`!9P`!&PFOW0?"M@!*4P:9UP``L@`P80`#/`
M%9T``*YI`@%P=`B@`NRP``8@F0HA#B:0;.D3`G9!#>]V$VW^][/FI@B_"W'I
ML`,760VL,`!.,P#B,`EPV`,IL`[]4`/$(`X*2:K]``)?JG`4@`J44`#Q2@G5
M$`'L,`,4"00@$!W3@`,+R`)%:`+60`SF=PB(P`H%X`FK@`"5"12H$,`XD*HG
ML`H"\6\'L0XA,)<W\0B((!"((`GZX`Q,NPP/D`[LP`&WBPH6P`^3X`/^L`)Z
MP*FE0`TS8`WKD`,`.Q"DX*HW00T5``^IP`']4*VI8`TBD*TQ@'%#H0\<H`CX
M(`E_>`@-P`Z/(`+^8`&B`'\&T`^1P`'K@`H&P%D8``WKH`"IRA6-`@K0B0/:
M6X1*<0.7)K!0P0P+4"1>&0KF0PG^"R"9J#"<!W&9!I$*`'`!+,@/*\6QOW!K
M(3R#!,$!E^8#(QP#",>N_2<0,H!]^,!Q_B>Q`@$$(L`""5!SG^P,ZS`".I$.
M(+!V0,$*YD>'TTD))V`"!*!_?$!Y<8D^R5DD-*ACN3`%6F`%=T#,3=`+1!$'
M5-`%5Y`'55`%:A`/-G',5(`'=4`%5.`&J;<-N.`/W8`%:C`3\3`%;^`/VY`%
M4K`-8'`%X1`/;*`$WY`+1;`'KY<+2G".N]`$%<H&34"+7[`&_5`+:/`-Y``%
M5C`,X-`-IWL+NQ`%;*`/JBL/5F`%Z9@$M>!J-P$*`/`(/0``*3!I%U``'"@0
M*>"Z3%3^`!&@OC<1O$H*`$5R`.9W`0%`">*`#Y1@`O5JDM9P$[!@?O2P=)\`
MAP+ARM6F"&$("D&G"-RG`D5B`QRP@)T``E*(<Y*PJ0+Q"2?`#NPK#BHP7"+P
MIT.!#V$="90P)J#&`B=P"/W0`2H@PJ!9$/K@=-:@`?HP`YN6`N)`#&&8")1P
M"`M@!(ZZTUQA#6Z7")L,F;*[#%Q9$.O0Q'_A-#;!`DX7`ZG@#`#'"@&LEM/P
M"8[G`].)`],0"GGG?R59$-80`9!\$Y-@?J*PV<YP`8<`V7=Q"+3)$\3P`.BC
M#N\&-?V@V2JX:Q<I@+=Y`LP0"5PI`_,+%#>`<2+`"1V`#S7^,`E`,6F3$-<"
MRQ75T``HJ'@#(0X6X(@M['B),1,]$'0)9GR*;!"(`)IVD0B2/!!JUP_28`"L
MX`P=4+$@RY7^$`*D-G:_S7TXL0X4<)4U\`#$\`@4*1`QP-:HS0')!G)/:0(B
M^X@AUPDRJW`.SF3^8+=(,`?C$`9*$-$"80Q/,*/W4`5(4`M$X0_(\`1(X`V]
M@`1;H,S<N02[T`U(P`4SX0U9T`1<8`5',`?]4)U<(`4P+@SH$`94(`5S@`[K
M&053@`05"@9'P`O\X`5NP`]?L`1$+@A/L`5LX`^V<)]/4`3*+`A'D`OZX`5A
M4.1.D`L,AW8!(`GT$`$```3ZT`#^`>!KJ;<,!*``#PL"'0T4E2"\_D#HCD<`
MZ4<*!<!M70H`/``4[!`"D>`)'=`)20P"<D@!L"P0-I`"K!`)"-X/GR`*E1>&
M\PT*!>"(ALT,U@"G_<<.1H#?8;H,SCMIAP#3!+&5%AD!FV8#!G`<0!"&S@":
MTZ"^@%@!K(`//F!^,A`)ZA`!\(`*YF<$D9!\Z/,(CG@3GC#"^!`#"S@-'8!P
M.!"&Q2?*0*$.M$T0#B00/P":Z7`!X`MPZ>`!OB8-$>`/D^!X&L2IG+7)@FV2
M6`$$'+!T,.QSGQ#`-]$,KNM>7DEWZ^`,[%`!1;(,Z=<#Y@:)Z:"(K+H`_9`#
MKJD.#]#^V=':#QBPW#9A`D6B?=@G0?T@">(=`N&'QX#(`5_*V\K5#]N-<`T.
M8P.!`VEZ%XB\WFR'LB0LLEBA`D='"BEP`S!``#)0;9$PG3?Q["\)`FE:"NC.
M%:#``L=!#PZD""QP`/I&">8G&37@`SA-R`HGDH]I`L_`#!?@==,``LK.X?WP
M!V>0#/U`"&>`#*MV#H`@!L#W!W90#P-A#W_@!_90#V4`"/8@$(0@!MV`#F;P
M!ST^!6-0^()`G_<`"&;@!X,`"./0#\D`"&4@YZE/^H-0#/U@"(2`#OQ@",;0
M#\8P"*=O#\4P"+?/#[WO^Y.?#(9`^\>`#%%[#/<@$?#@#+[^E@[W[0\M-130
MSW[54`KLEPXYW`_.@`KHDPJ7Y@RWJ@[.``3D9PU\<`B?%JR(`*F`1_;F*A#5
MT@_,X'6=X&OT@`HZL0QCXG6P8)8`(4F$IWZ/K*V+U*]?J10*^_GK!PN60HB1
M.O5S1K`?OATG4DRL4>JA0D\50J2HAO%$B$?]EB'J)XF@#Q,L<K!S2"V%"A,W
M%9(:D2)&.H?$@#A$FNX$1*0%*2FT)N(&B):DCO:C%*)&"%!8B?7;8:1?C67]
M5K"H8<):/R"L1CX$4D&&"@YN^X%J.))5PW4]\"5=D2)'A:.4(O"X$(+MTU`7
M^AWJP,."`G_6(N!00<!9OQ0A<@S^:/56(3P.Z_JE"T'4TXU^>BKP".&CG[AJ
M$38[7"&@!@L;]-C9<&BM@K5_*7`V=9AC%7)6`T`<1]YT4DNF"G=(>NMOQUI_
M_D@E&LD1!(BG_5:+]L?B-M*^"GLPB]Z/G8\4-:@Y]#'M[:D4)T3V0V62^`8D
ML$`##T0P0:3*408B<Y3A!RETS%'HG'.0\N><<OKAYQQ['#K'''[X*>?"?N*9
M8@Y[ROE0H7K0J<<>?KKKIYYS(NS''AE'Y!!''^M!JD4.Z\&Q*1XY5#!))9=D
M,DE_](FNNJ98^,]):XYCYR^DU*&F.G;6>N@O?)BBQADI'W+F/J2L64\A?.B)
M+IT4SNS^9QTX%1(GE-OP,4TA9T)1,\O3U#GM+WA2204G=4(`<\U0$G6(GD85
M(HJ2')#S!Y9/EH&(GXR<62L=G-C1KQ]6/''&S'ZL`<49:>"D)Y12IH'.(7^Z
M5$@=B-A1TYE6-^I!A$2J\V>995A!)97N&KWUR3[CV\$NI.B99E("Z;D3J4=D
M:(H=8K-5B!JB(IP!)BG!Q=#-`KTM$!\MFX0W7GD/+')>Y+S!8@_1FJ(SNGKM
M!=A63-,ML%\"_PUXR6I40#=A!0UN,AT;H'0X2HP$Y!=!B`YILV*'OX087A\F
M<IB9'>#%H52/5V:Y99</O,>69)!\N6:;;Y:739QQ?I;)D&UB98K&*']6J&&@
MCR;P3*6)SIBB@A]B>D!V*ZY5R7=WQCIKK;?FNFNOOP8[;+'')KMLL\]&.VVU
MUV:[;;??ACMNN>>FNVZ[[\8[;[WWYKMOO_\&/'#!!R>\<,,/1SQQQ1<O.R``
!.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>50
<FILENAME>g147201lsi001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201lsi001.gif
M1TE&.#EAR`!H`/<```(!`P8&"0<("P@%!P@'"0D*#0D(!0L-$@<*$@X1%0X3
M&1`-#A(.$102%!D5%AP:&Q86&1,0#1T>(B$='B(?(24B(RDE)BHF*2TJ*R0E
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M?(-\>)QD<K=)2KA&6*M)5;=)9;I7=;11;JQ:9L$N.<(R/<$P-,`L+<(S1,,U
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M^OSY]OW]_?#T^>[Q\+_`PB'Y!```````+`````#(`&@```C^`/D)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+!O?AX[>/7[^.'$'N^R@2Y$21`O7M6ZDO9,>6
M`DU:E(FQILV;.'/JW,FSIT5E9"A10B2TDE%+EC9AVI1)D]-0HTY)XU8/XK53
ML*(Y>^8LVC-HT*I!DV:-;+5JU[AQ8[>Q(KZW-'W*[=D1!X"[>//JU1N@0`,,
M*TA59;@"@`$#`A`3&&"`P&$!!0X78+"@P8,*'6(H@PE1F@<,%A#-'3W7;@/(
M!0($$`!Y=8'7K%D;<$W`,`IH'',?+%P@M@`"`0@0$'`W./````8`O\O`PR:4
M"CN2`5``0(5KNDEKOVF#^N/@JF/^&X"-.G&!"'Z)4_BTL`4`]'['_W8<X''C
MQXX+))A=`(6S[`>U5(X%`C20``"5;*?@37:]!H!PPO7UV&N(]19;;^,98!@9
M"KGW6@.]19#8<?,A!Z%PB$%&G`/L,43)`+T=```'["QHHT5VS28<`/7QJ)P`
M]2&68F(I5@A``Z$DY.%XM8VWP&Q"'B;D:Q3*%@$`#IP"8$'K7-!7`0<<0``F
M6]YHYD(R``!D<E`N!F%C>$D(9&(')/#:`-<AI()AO_&8V%YX058A:_6A!@`&
MV"6$"0`+H-8``"5P=N:D"L5@&(2%LJ@,++`H8PHF99!PI8JJG4<D`#8@A`)U
M.\(Y`1G^D9111@TPD/"`ABHFMAJ(?@$@0T)='MG;:PL`(`JER"9DJ7S`U49!
M6P6E`PH)?`I):&T/5,./I/R<<.D``P0'@`D%W7./.-->265D0C9@``7M((0(
M``R,^-J5+"2;VTH,<9M0/>V8HPXWY*RS3CO^(L2"FKXU-D&-`'94SR5V@LA:
ML[61:9"W!>SHV+@"D430/<N(`".8*E((P"@'.>-`<!4.:\`"I)2I8%P1W?-.
M-[T,LPHKDDCBB2>R%$---_%`R]#""\#7V@1*'V1#``XD]N>.+AQ4`G6J`5?=
M"0GEP\\U&P"@P`'EL08`#@=9*N8!ZT(&0-8VZUM0/N-\(\S^+JL(TH8A/_Q0
M!1J"T")+-_7@W-#"(,I7W0/^)-31@*M=;!P`'="T3PY'SK<C"@IM9$H""32`
MMH5?BTW0.Q=0)X"8Y54'031V(T3/.,88\THB:O@`!!!!$&&((,0,(PXZ_%[T
M`@!PIYA:!5$?=`/#Q\T&P`:J$[0UW,-%!@#8"K6T,)6LW8E!.06=0D#'$*8\
MGJ^4MJ222/1LT\HB?H`Q1A)!`&_$&8'0!3.8<0YXV,,>*TE>12Q%GJ=%CR`=
M&85C@-2Q'H&`)OKP%MH@@P`&`*`%#0E%`,*$FC`!0`+8*,@,`H``"J:F+Y`Y
M0``>8`TS@00F[-"&+/RP!C0DH0?^0"!"$,^PAUGX@AG@2(<2TQ$.=!A0@169
M`77(AQRH,41]J('`;XBS`0QR[#4(6-\')9<;:,!M6!P,``6X01!G/*`OI4+`
M:TKEH!MLRTSS&`<R6-&&-/R0"$Q8`A.8`(="&!&)X$AD$M.!#B?&`QX)5![S
M7G-&ZSRP(+`8UAS5=+WLQ81C!U#`V62$`L41!!L*:(UK4K.!=1"$@<1!#96"
MXZ`-L%%!^JA?,0XA!A\4`0I3>(,;E``%*OS!%KX(!C.\<0QO.-,;B4P'/)R(
MP'R\Y(X3<<%[R`>D9T6''ZCXTAP1`[*"[.,$`;!3G43YO89@`P+I1$T+`4`"
M>N1&&O#^[-BP_#0L!!C`@Y202_+RN,LUJ`$+5W`"%`2YA"5\X0]&]`4P@@$,
M8`ACF=X(!S@T>HY&&A"!^[@'3?)!CW6H11S=0,=&;CB0A2D@`;(,`/08,KTS
M_L9![)%)/]")@)XFX*4``-T5^R+'T\DH$@3A3<=D5`$;="QF!$`;""Z)DWF0
MPQ5L\,$3L%`%*@1S"DH@0AZ.Z8NR[F(8PPA&,(3AC64F\AP=A4<\YN%)?KAC
M&ZYPA2,\P0I9]$(<YC!@0I9GI]<YJ`*14X@Z-$"=,"'@`.ZRP"T+XJV7VHET
M[<1F1O@QG0VVICJFR,T_&-"7]7D0!O700%_."*86XL:4%Z'^!S(<L88PA($+
M7NA"%YS`!"4HX0UYF(0M:F&+7>#B%[]8JS#8JLAP=%0><[T=.9"1#$<L@@U8
M.$,;)I$+9J1#I#%)2&%(QQH2(G8A.G#=&3%;@X/L8VL*Z&E/%1#4;W*C=9ZM
M4P`FH([<+`],!A+``I;!CYIJL@&/LN-.^H&,18@A#%?0@A>0\(4G!%,)2\@#
M(6PQW%K4`A>^R(4OA*'6`4(S'/)(<=YFNP@U9$$(0?@"\;QKKH[`=B#+"Q,E
MT4:!Q!JD'^!\K";E2+5G($2#KTF`"87J7H'818YR?!T$`!"#W%3CC?HIW0!.
MT!%G0`!,!9!OF">00B!?)'G98$7^%A(J!RI0@0Y?#:L;^#`(5<PB%[40\2YV
MX8MA`(,9;/W&-\)QC&/<XA5]2`,6BM"#'YP!$+8@X$?O8<T##L24_XV;)1."
MBA#HATI*EE&"CFPV!(CRL?55R`[DJ$G(`D`$;.Q(>L/,:@(DJ2.$#7.8PQ2`
M3N!$'\5XL""A0(>%3D$.4X`"$=[PAT$,(A"JZ/">^8S<9GX#&;Q81!_0\(4B
M]$^LA)B%,,#A1'0PTESHOD=#"J/CJ!YHIOL2B#IT$%_'/M:$+8B7O\Y9Z@0@
M8(2I-K-'/)(-'+1P@TD60`1"VQ%N9&"*:N.`OOEQ"C"_[@"H-L$[;/*-5Z2A
M"%1XPQ+^H!`'AM*!"7&@`R$(,8A9J$*XM3#N+JI]C%_0P@][X$(1K*"$)BP;
M#T:$YD:="U='VL.:T%$8\S9HP@PHK1_92`7G6!AF`3R6."4PAT),D$Y1^EM&
M^3((-C3Q@<J!V4[4N81'.E*)*;)0U-BLQP16ZUBX+0`6&-&',=:`A2,L`<-3
MF,(0%"I()N#A#XAW=B`",8L\SQP7N'C$'M#@`R(`<@E$@,(="*$+B[)5Z!N-
M*SSN0=<;M_1(=B(?!'!P@QO(X`4G"`$"`-!3UZC&.C28K'MS$("SD4[)'\P&
M-++QCW]D0@8:^'>H/TV=#;`L-]Q@K"8!8('^$F1\8((;JF?^4)&.D&,164`"
MLH_PYBYX00YS@$(QQXIX0@3B$8RW!>1I`8A%&^$)3^C"&YA@A2GD81:ZL`NZ
M(%'*Y$RAYU'V``_6E##Z$`_K4`[M(#:K@C*5,QR`L@"I%%,-4`G6%SJ\]U*G
MIF/-TQ?%H6,J8P`E8`I1DR9G)"8`P`FZT1'7(`&KU5,H`P!:0A'D<`AA0&Q.
MX`15<`1>4`=W4`=R8`13P`>(]P<L!PF,APOTAP988'F_1050L%M0P`>S8`NZ
MT(6=MU;/M%'H4$#Q<$#V4!#U8`ZR$`O$X%?B(`\=L2H60SZU81A/%1M1!B:9
M53<"@0\?L'1A$HBIT1NA1CH=@Q?^!,`!GP`Q!&$-%>`Z#B("D0-%+`@W_O8Z
M094P#/$.K,`%45!,4^`$4=`$44`%71!X_O<'>*"$B,=X@:`'W>8$%@8%3*!^
M0_`$#\5A>>:%R02&)]9$\1`/UI0/\R`/QD`,AW`(9D`\O4`.GK0J<%->IX,!
M#U`=`Z`F0](;L_<`*<00^\`!DV1U&(<`"2`!Q+$7!7`!'B`#H<"(,=$2=@$[
MDP$`FI`2(2$0F91]CO4:#(`;$M$*6""*ZA=XZ"<'<M`%43`%=#!6AX=XCP`(
M?/`%0S`$ZD=L4#"10U`$==!RM:`*'L9GG6=1S>0-@S97XS`.A+8*?I`&?M0&
MJ]`+\K#^<?'&#R;`,(/8,12`#=1@"I\P"C=`B%4GC@"@=@SA#R```$IV;S*T
M`M5`"IE`"3:``Y5`"9T0#=<@DPBQ#XP5C:GA`+I7$*O"`'4"-ZXV`Z97$/+`
M!DX03&]@D%$0!7-`!P?YEDV0!X#0!X``"`]9!SY'3.JW!&NI;$Z0!Y``"8/`
M85QH5B3&7.$0#GG#"[30!W=P!$(@!$G`","@1$\47@/Q1;$A(Q80-4AF=0<G
M4S6T$/ZPE7724S)"`Q:A/AB'-H]"+HK26'62?3.$'6?9$;R`!6_PFW(9!4\@
M!U#0!&[P@U%P!'B0EXSP"'W@!>H7!6X0!;5(G%/0!$?`!X3^``B#(%P=E@N[
M(`R_8&W?4'.TL`=G<`0\P`-5L`>T<`SR8&Z,!%(`,H&^P530TA&F$%6C-(ZM
MR1#X@`$C9&JB)"._PB\F`44(H4W:)T<`D`EUPPX>0'OB&)L`$%`-(3^'H)#!
M1`?)^01NX`90()Q0@'_,"0EH4`1<X`1'L%O(EFQ1\'<:UHK=Z6$QYPOC:9XX
M!P9-H`1'P`1V60O-!`X=570'9$WW^%Y+5W6]D0'^0@-F4V\8EQH0\!^AHUKR
M-5\!\"L2`63.P`"MA6H?T($($0JN<V_D:!UDNA#?@`5R0`=O``5R\`1.(`=1
M(`=V\);)&05]``E]4`=%(`5R\(/^3?`$PBFHRC96@0`(L]"=P]6%R/4+N_`(
M/E0$3]`$A7H'@2"2&.5<8SAZ]@!>NK$UFN0@&2`3,OAEK#6(`,`"5,4/`9I.
M/65U]*5@$V$78DE)`1`#V(`-ZO"K[*`.[!"LZO`.V6`!Y.A8HQ0`]>@0K8`$
M4_")"N4$6S`'43!XQ"F+3J`'=[`%4O`$4B"G42`%<^`%4T!^2G`'-.ILC"!_
MR$4+?X`&76`$1@`%3I"ICX!<$X51B=1$C012-B80^3"AA54^`.!T!Q&/JVI"
M&(H0ZZ!::,.:"A``MOH0^MF@]L8`$``!#]"Q#R`!$M"Q#@"R@?A8Y!A?!;`!
M:YH0KP#^HB(*!4=`KG9JJ/<JBTTP84/0<R-JIR-Z!/DW!'(`"'\`"(LG"*H0
M;;:@BM[FL^KG!C$&:65%@,J$1(P45R(%1?G0`4L'4PYB`3(!$]B0`19W;UWY
M6@>A#B$PH*$42@!0L0[Q$5]T-A:B&K>''#S"(Y7#0E`&-Z,$`+[6$*V@!5$0
MITM@!'3YEG;@!%(0!78PHG3ZB7EZIXNK!510!W6ZG4LH"(Q`?WK0!,$SHDY@
M!TV0!'<P"[CP87VVK^#@743:4<BCH/GPAX$80P!P`0EA"4@)1BT(`-R'$.I@
MCE\77Q,K&A#1$:0P'N2C:Y2D3E`6([F:O&%2.GM(1L;`!5?^&*=VD+A-L`5/
M4*+%&:X5*9SXAYU/4*Y;D%M?H(1\X`>/\`B0P`=@8`0ZJU!-,`1&H(6TL`IY
M5E85-4!(Y*GH(*H%\0XBP#P7IX<7H#CK4,`B.(ZK@7>2TA&_*P#^)E^U*A'[
MP&Y"=B&O,1PI,XCR%$.L.4L0\)4(,0YJL`3)U@36.JYTV00*A6&^I012<(M1
M\(,MBG](<`1T\`=ZH`>$``EZT`7@.HJ^%:='L`5ZT+ZJ0`NV(&(5]6<#)(;H
M@*0'@0\3NH_Z07TX$T%@M&-Z6`+Q0A!`A@T/8&H63%\!=98#<0I@:H*^L45`
M<AQ+126F,\(;C#8Y%3[Z\`H*Y;W^TJFG]=L$B0L%Q"2*<V"G@.D$78`$5.`%
M3J!R@$`(?%`'1N"SGVC(<NJS?/`(LZ`(M(`+3TR`4JQ(]J")`O$.6=Q"^^2U
M"?$.[$9"PR(CEG"V;S1?\W6A$C&!.C8G"X`Z!1`N=(NW=7BWRHN;(O"J*L$/
MXX`&<<`$PZFGAOJ66[`%Q$F1(UH'HS@$HV@$6J`%"#D%=YD'HDNH%)FSQ8D$
M7M`'B\<(JZ"+_*NZX1`/FPB.839*U8$!`G<0RG`:@<AT`9`!)JP.;S2.0CEJ
M#=$1T0"FV9<`,Y0)RG`*$ET*HU`*I!`*J"`*G-`)GR`*J<`)32&[479Q`L`R
M-Z8/K+#^!=+JN,)YIW/0O5'@6].9IPKUK2VJ!5N@6WQ`!SVJ!)^(J0IE!/>J
M!7P`")#`"/%77%$[#,PPSP[Q#N#8H`Z*`3=F8'E81P#"#1#`FG7R4T,Y<`ZQ
M/&))EO`S$:/`,*_#F@"@`JA,$.&@"$@`E\G6!2\MOJ.H4(Q[K:2(;$^`!'.P
M!4@@!0KI!IAZP^J'UW*P!4:`!MNY>-#F8;DP#+O0#.!`SQG*#_5@SV"6IAC0
MUOR0#U^DQ0'0`(DR$-@@(K'I;P=2RZ;7$9Q@-F,M0Q.@+0&K#S`1L";Q$;!J
M`2.D(DJ9)`TQ#GY0!'+I!7"Y!4Z@S88ZG7,P!]D;NELP!5+^X`1>@+Y:0)''
M:<C@*P7@?+Y]L)V,,`FST'BYL`J^(`[P(!'M4#9DF62'TA"ED"NOLSXR8D<F
M80T./8XO)2.;\!!8W'O^B2`4T1%IHFL2"RD/<0P'50?%9MR+&ZZ&VMS"V<(Y
MW07?6JVZ%:[&:<B1.Z=/P`5W8-2`P`CC_<3@&0YL7!#L(*#_7"<`<$'>N">]
M/!PRPHVZ40TB(E]?!P#][8W\\`EF$[UH@T(640QH4[*SJR6FIP_CH`@^T`2_
M.0=&:)#.;:A/<(MR4`?1G5OB.Y=;L.%*T,+6*N5?T*<C#FT>F0OBD.)<8@%(
M:8DFQ`']P@_2\`"OXQMZV+L"<0W^J12]+70@S=H0\)7:`>":%M$/[.9O9Q<`
M^>+9N4$.K.!'P_D&<*G-=GK);SG=B3T'4E"M=XK3HWC#34#7Z"><75`$=ID(
MCT#BJD`,*%X1ZO"(^J'?`<`!;-QV<!,<Y7,:Q](2UW`:I*.L#^H06DV:/E4`
MRJ!9$W$*+;[?!P`!1I;BR<`&17`$);H%=-"]=5`'>4K844`'*LW-?]W2BWN<
M3V`'""F^3F`$==`'J^[)JP`.US01ZC!WP5XGYB@"/LX/6IU]I8HY@U$-]3*.
MCT5?&L,0;;?5/A4`&/"J#L%O+<ZV7`H1X[`&/H`$""D'F&H''NH&V?N6((J=
MB<T%U5S^OE(^S=-MJ'-J!)JZN:K0"VQ^$&8\11XL(Q\`$?]5/I$A-[7,#]2`
M-JI=)U/6(@M1#A=0`!`07YAEWQCQVJ$F2F>#`#8>$?2`55G@B7'PEJ&K?AK?
M!.&J4.C'O?2*?YENKV[PTEMP!#[=R:$L#QBQ#B;P`!J0`1*0`1E@`1"P`IW!
M`0R0``SP]Y"%-A:`'=)P&A8G`%-V+#<V'8@QS!5@I1C!#N"('"PTS(9NL0-A
M#.!G!-/=!"-ZN-,LIUU0K71Z?]ZJW7:@S;*HR4O\ZACA#^[0#NXP^P:C#F/\
M$.P@#6`!#='`^]$0#<K07_AP"J8@T?^`"J5P"J7@C@E1"DO^80E&813^:!.F
MT`(M<`+8GP,Y<`(E$`/,#Q'Y@%73;:^?:*?-;:@IO[BC7[YV`*Y+D-CC&M<+
M!05N<`>]P(>UD_^AXP_\[P_]`/L`\0[?/GX%#1Y$F+`@.4=BD@2)HN5)%RA;
MDCR)8B1*E"UVI-B)TN3)'"\<N6S9HF7+$RU=CJ3)=<\@084U;=[$J7!?/YL\
M^=',J=!G4*)%C2K4=^R5F"M%GKR!$E5)%"A1[#QQ,_7)D2==4:*<TU6B'"H]
MBN#)!4[F4;9MW;Z%&_<H07WCDB7*,D:CDZI=*&YQHN3(EBY1N#C9(B7*$2D8
MI6R9LQ&.E2%G:H6S)U?S9LZ=.0/^U8?LU9XK0:!\H0)%SLHG<C@6AJ*5M9,F
M5!5'B7S$R!E!O<#E\QQ<^'#B">G=6B0&C`^G5"+[51P5RAO7&Z-(D0)ER)`H
M73D628(FC9]5P=#MTX<P_<'UQ=V_AU^PKBQ%:BY2_0*&Y1,E4Z,X"8DJUY[@
MHC&,(//""RR0.(,*-1CY99MPZ`$.I_;B(^Y"##F+)YQ>6$D#B>V&V&*C[)QP
MPH["IDAP#LCDH*B.*JC(SPOLGD@B##'86",11UQ!YIMQXEE/PX*&VO"M?8#:
M)Y]PY%D'G7J2/&J]G0X*9QM:``&#"RZ::`)`*.BH0XZ)NO/B"2K,I*(+,+[P
M`C#<GK#^PR,OK\`B"S#4\(,17'K1!IQSXKEG27[6TDD?H!*ZT,B:'%4TJ'ON
M@0><7EI9Y!!9M&&'2L_HV2891]@`XPHAE"`B#JKB@(()*)9P8D"2_'J"KR>:
MD,(-Z[KPHHLOFB"""2:<.***,_`09)))B&E&G'/0D2>>?-#[K*U]XI%'GFZ\
MZ247904YHXKQ7M%&'D<]5=(@?>BQ:Y$^U.C"""*&Z$]8Z:+P8HHNYH"B"2BD
M`-,-*$9"@@HIDHC"U2F.(*(*(HC@(>(?JOCB#(O1$"0011AIY19DD#GF&Y''
M>5*>>4X^.1^5]4%Y'GI0IB?F<68F^1MCC.F%EU9:6845/_#^L#C<(W@@X@?>
M6IE&'G2)(VA1?>3!V9$UTL#"A]*,B&J*(9Z(:@DE.HJBOX@>>T(*)[*+,PI=
M;X,-P":4&$(*)8*@.PDIM$#B33#`P`*--=9@8X\U%/%#$5844601POWHT8\V
M_-A##\GU\$*+!+>@E[8@FA"B\R2N2$,18KK);*:EJ5R7'&-$?3<++'H((@DC
MC`@LQ<"6@(**)Z:(8@H8SX2"52<LKQ6C+U*B@HJ"D2A"-RF00$*+(HK`XHLD
MIC^BB!E1&[B.*6IEF`@@'B:BB#:W:B+YN*4H0H@PU#BDE2#I06C1TT]/7;1%
M$B$UC"^%:$(0>#`$W1SA"$T0V!+^WN`U)52%"K5APD:FD+4I).][5=G(JZ;S
M!CI080IPX"`5.@A"%J&F"U,`$(I2,X2SX:@'GP-#'QJQB%ML8QSTNU\.U<6>
MA.3#939#QBT<L0@VN`X+6$@"%V8',+K-32H-M%=@A.6&";YA"G&`0VR"%P=7
M68$)7+07$[SH110]H0AT$P(2/H>&/9Q!#8-;13&TT8T*Z="..3F7>N8A#W*$
MXV/)X(4K7O&*1>P/<&P00Q:R$(8P7($+81C#%7PPR3%,<I)"F.3GKA#)*X0A
M"XE4SA[\D(A$+&*0LC#&'.5!(4=1BQ]YO&,L=U@E?>"#7>,@!SF0L0UD)`,9
MQ4B&*UK^(4AB%G.8M[A%,8#YL6^0`Y?S>&51["=+:G)&0TBJ9C;O.$WA(`D?
M-TD/-[4Y3G+:1)P_J5\YU;G.<Z[3G>^$9SSE.4]ZZK"=]<0GNN[I'@WM,Y_K
MQ(<I1C$*:)SS0NW@1KK8\0Z;P/*?Y8R&`QC@@`+$H(XWH80'ID24)1%D%#;(
MAPM>T#1^U&,&9#`*-@OBSX<61QD%L($U1```6!3D'>I`R#O:01`:/`"G;+F!
M".Q!!I0:I!T3\$!+\5F*`6B"'S0`0#'XT8D/7,`$T2BI)4!P@C+LPP438`<^
M:#"*@X0"!2B@1#OX80H6H+53-!`!/T@1"W[@`Q-C=0`+#J+^C&HH0Q3\8,<G
M*B$*X.SC&:2(AEKY<0U1D.*;):4)0^NZCVLPM!W02*A-J\$-DJI#L4K%"4].
M`0!*/`,#'?#'*1:`@E,\``/YV`0`7.",3UPC!AAXAPL64`IT6J,!*""%)911
M"@.@@`P.0`$_;""">FS`!/P@`P!>`-45'*0$%$#!"M9Q@@FXP`(QX(<E(L`"
M&Z#T$@7H@`5$4-D2_%49%S!%-3C`W5&<P@(66$$G]A$*#E3@`BXH!S\NP8$5
M;.*QH+U)*0"``@S0=!\R&(`R^$$)`&S"`Q90ZS[:$8,)O,`!IECI6@&@@G7D
M@QWI[10.`'`-,I"`'=A=QP-$H`_^:42@!0?I0`>PL8Y+#(`2_,!$`9PA@@98
MHQW4>,<#/E".4PP`P`ZX`3]$`0#A`J`#HR!%!2@0C6ML@AH6X,`S/@$`'&`C
M`C=0QRC6@6!S\H.IG!@S>%U@@&OP(Q0`L`$%GKL>&`2@`1.0AGQ*2@8...`"
MF2"`"@J""0"8@@PF>$<%7$`-`$09&PVH;M,XX(*?B&``+)"!"S8PBDQ$8`*C
MOL8`/E&0$SS`&1?X,2D`@(EG^#B\`."$06`!``Z4(08%^(`R,'"!&\""I2V=
M<JX]``!J6`(`H>"'"P@0BQ(TH,[U"*D%1O$`#V1VLOP810!(<($.?),,`:`&
M&4X0Z1?^<,/)_%`'<F="X(*@8`"Q:`<[UO%-:FR"`A08!0%6S0\2/.`9$["$
ME"OL#`"@E,+0_J8RR'R*3HA"JL]@P0($`&(VVZ04#EBU*1@P@W*(H,,%D,$^
M2.&`#5@B$MQ8@07V\0D"H*!"T;A!<$G+Z!AT8@+/C4$)CGH"?I@``)GH!`#T
MNM(-5-?.!CA!-:#!B76,PAE>C0`T*K`!;HP"`#&H!W[S<8E9,QRE31[!._3A
M#&H\8`7`4<<U],V/3%"9&YPX<,>-ZHPI[0,:-;U&)\HP"IH\`P<X<.\G"&(*
M2ZRYI)QX00ILT(YX5`(%*K`!->S,B7R4`1/\D,8).'`#%&3^XB`TV(1!?(X!
M$5R"'Y$XJP5L`&1N6Z`$"3VN"U30@$\XPP&I#Z\!2B"#R9.!`")0`0F<X8P5
M7,+DUZ"$`:JA=[CX$Q^?_4G>!5T0?#A^48]-CS[*P=>"U(,:IYA^0:I17\7N
M0QG*4$<UZH$/:'2J(,K`!";6G(]G7*(2REB2:"@#2J@I:A"%C:*^F=`'*^&A
M!"0*ATI`"&2:FFBG>S(4CG)`:;H^!,S`#H2+4J"`"P"S7$.GGZ"):>JH$`NG
M$C2=$%,7@L`$Q3.=<K`!CHLF]?#`^""(NKN!3W"`(DL(;CJV:.JG@_@`#N#`
MQ7H`&F!!%PR*=I+`'"P(1`,QJ!+^+$K`@1O`!TM0`1F@A+BSA$Y1!\)2!TJ0
M`4O`*74(!6C(A#!$"&ZPA$HX!9IPAISC@!)@!VYXK'>H!U/`AH)8AU`@!8-0
MAU-0AKQKAVLHG8N2PKBHNT^HA@H0@6AX``<@@T]0,1O`!`:(@6=8`&BCA`N@
MAA+P@$_```YX!V=;`1N`@!D(,7SHA!I0`0%PJE!H``N@`0-8`6>H@,]3!Q<@
MA0[XL5&H``O`@4_0AU#8``[P`!&`!G[(C&@`!6K@!'7(!,=KQ+B(+1N(!!@P
MAW*8`!RHJP9(@8*X`0*XAA5P@7I`.$ZHM'*(`0`8A4J0QZ?:@&\*)VQPAVS(
M@!R@!P[^F`!KR`<,6+<-V(!]R(0-D+@7B#0+@(9V,`5E<``1,(=KF(#D(HAK
MH`9R*(-IB(1GC,)L#$(!&X!0F!1^X`8*B#)V6(`7*(@Q@P51X``<L`!SB,>M
MXX`(*`5G"[0;^(`#PP<<T``-0(`2J(:1*P@1B*M-&(!3.`$R*`<\\SK@`S=>
MHP$9^$'[XP9J6(=8Z(18>$:1=(OT,#YC(PAN<(#9:X<"<$5^H,=H6(<&&(`H
MFP$`$(5UX(;IBZYGQ($2"+$I8X%8N(`1D`8#$$=^\`"_O`;7FH!JD(:&<\=!
M)(@[(X$;(#Y,6(_NTS=K6`?[$TNWJ`0".(5#62P#F#U]4('\"5B^#1`!AAJ!
M"`BT4#"`%V"'<HB%?8`J"9.!#@@Q>@P%?0"!#EB'#<"`-?NY@H`JO7J&AH,&
M`&#"??`'90B`MLP'>Z`_R;K!SX0+9:"$-2.(>B"#T02L&:"`"H@!QX,%:$N/
M4[@`!S"!5?N$VP,R)D0G:N@`"%BNZC*%6RR##8@!@G@&$7`&T+/$\%H`$[B!
M3E`N`B@!'%@!4OB$`>`M[>0G@[B&:V#$@RC$:OA.^ZN'3FF/-+,&;L@L90C/
M"UVI<B`(?'"&A-J'49@!'.B4=QB%%4"!57,&&IB^(:30!\R)1>'16>I1>G*H
4$\S.('0E*W$E)^0AT`C)X0@(`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>51
<FILENAME>g147201lsi002.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201lsi002.gif
M1TE&.#EAI0(A`/<```(``0T*#`L'"1,/$!D5%AT9&Q<4%A$-#R$<'2,?("PS
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M"\@=%-,9"]4=%,L-`\@F#L@F%]4E&-$O%\DJ)\TU*\HT-=<L)M,Y*M8Z.=$N
M,^(K'N$T*>`?%-(]1.8]3-)$-N5'.^-`(\Y83,Q86=5*1=E75]5-4=)7:-UH
M5]UR7]AQ;>-73N978N1G6>9W>.5Q:8)_@-IQ@^1\A(.!?X*.>H61?N>'=NJ3
M<>>0<X2#@HF%A8J)AXR+BH>)AH.9A(J<BX>5B)&.C9*/D)*1CY2<C)63DIF6
ME9F7F)V;FYF8EY6AFY>BFIFACYVFHZ&>GJ*?H**BG:2IG*6CHZFFI:NIIJVK
MJZBHJ*RNL+&NKK*OL+.RKK6SL[FVMKFWN+N[MKR[N["PO:RQM[J[R;[`OKO!
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M^/KV]?OZ]O[^_OSV^>_O\"'Y!```````+`````"E`B$```C^`/OI\]?/G[Z"
M!0\*)"BP(,.&#Q'VX]>OHD6%%C-JW,BQH\>/($.*'$FRI,F3*%.J7,FRI<N7
M,&/*G$FSILV;.#U&1+DS9T:#%R=:!$H1Z,**!XL>/<A0:=*&%2E2C&J1WU2.
M&*MJO,K5I]>O8,.*'4NVK-FS:/NI"B4*%"E3<%?!506L[K*[RI1!RSN-VC5K
MX<*E2S<NG3IRZ=PI?J>XL>)[]J[FE.R2LN6.64=*+<LTH\*!$@^*/HIPX&C0
MI07J$\V0X.JEK557)`A4H3^B2&]G_FP4J<;7GG]_[-F2>-KC+3-C9DDY8W.-
M/95[[LEP='#?MCOG[@T5].?/I%W^N\X]6R!%[[%?]SRTH?T'#Q0N7*`@04*%
M"A8DT*\O@4&"!@TP4`$%`,:7'P0-9``!!A`TV,`##SCP``8E<"#"A1>2H,()
M*JB`P@DHJ,`"#C1TR`(-./#`0P]%",&B$$DH8<02B"#BQQ(X+O'''X#L"`@B
M@`#RR".+#/G()4ARPHDE2G[R22E0IB)E*L(((V65R2@3S9;2=%E--=)@(\Z8
M9(I#3CEHIEG..6B*L^8Y[M@CYYR1667G<=(AI^>>?/;IYY\?Y7G60`;ALP\^
M^*S#CJ+L&#:8-9#Z10TTU%"3%S28,J,I,*UTZFFGK*PB:EN=E(I)J9-0`DDC
MAC!RB"'^AQQ2"!*T[G%$$47<RB*N1?S@@Q!!^"#L#,3"4*P)QIJ@[++*EE`"
M"1U<6((((%0KPK0@4`L"!AQPT&"#$4(H+H0<0*B`N`HLP($"ZYZ[P`(*I/ON
M!"&$P$&](4S@`0@A5#L"""<$G`(*'Z;0`@T('PP##0>ST`(.PM(P8HH]"(%K
M$DD00BL2A#B1!*U^&"*R(37&BLBKC4@"B2230$+)RY*H_#(ED]2<2<TU:S))
M)S5WDLG/DV12JB:A>&)TJ9Z`8LHHH#"]-%QOF:*T*:K,I<K56%]]S#'"'*,,
M,EYOO;4PP(P-3%[*/*/,-,\\P[;;U$0S35]S?UD-I-940PW^WM9D,\XXUJ0#
MZ6"#J:..X(0_>CCAAQO^S^.-+JKH.O`DNL[EDL,#S^6(XE,YHILGBD\]E9=.
M^>>=(RHY/O.LD[KGG<-3#^N(SC.[Z*['WOGELL\S3^64<W[ZHNRH<[DZQ"_:
MN.'$.[HXXH\B'D[@AAW^M^#6_)W-]MOC3<TT=_]ES=O45`.^WGK/K7[:ZD^S
M=MMHYR7V_&EOC0S96-<%C#!9HW*U*:<(8`!5(4!3H`(N"`2%`DG1B5`HL!-.
M\D2I.F&)3&@"59WPA-!\QC.=`:UG.%N9)%X&"6K<)#8=N0U8E",HX00%*?K(
M!Z)D&+QU#*91UKB&#G.HPVLXPX?^S@BB$)O1#&<PXRY(O$LRD*B,91S#B<<H
MF]CVAS]5\"]K!#R%*F2AQ2P"L&IP.04"32&*MI11@:((12@Z@8DVMM$2F)!$
M)>9(B3E:PHYSS*,B]JB(1>S1CXM(Q!.>H(A$"'*0B%Q$K`ZA2%4M`A%.8*2K
M#D&(0BB2DH0XA!.0D#%"*.%CGL18$HQ@!"4@X9.;'"4IC1"$'_3`!SH(0@YZ
M\`,=Y,`(.O!!+7]@A%W^8`8QR($/8A`#&<1@!CG(P0QP0$Q@*M,&R2QF"V1@
M3"``@9HK6($QFYF#8A[3!\GL)C%CL((8X,`%,A@F,6T`S'&NH`;K%*<-YMF"
M&-B`!CK^(*8+5N`"?<XS!B[HIT#+N4]]`G2:`25F#LXY3UL&%`<XV"8QM\G/
M9OX3H-F49D"SB4YB:G.BV6Q!1T&ZSVQFDYK%S&@Q^YD#'=S@!L2:P3R1"<P;
MN!28*%7H#Y29@Q_<H*4M_4$K?T!47P9AE$%8I1**J@-:KI*7I5PE*X-P2AD=
MP0FF3$(0EH`$4BI!"5A5`B((D4E)4A(1A8"D$YS0A"4D8A%+&.02F)`()C2!
M"4P8)%Z?@->\(I*NB0!$(OBX1T,:<H_64$E$QB.1\K`0*K1!#5#$0QY"+<0Z
MD\V-:%B3V=4T!2HND0Y&@.,;/;50)*<M26H!U1T86F<UL(W^[6KXL9I\Y*.V
MML6';?/!C]WZ%A\QE.%O\?&.XAHW'^]8QSOPT0[B(LJXRDUN<W/7CLVMHQV7
MRRYVDYM=YK;CN^_X[G79(=[K8G>\U;VN\+#[W?:>]W+256ZBVA%>^-*WN.!=
MK@S#2]SO$K>XS]7O?F6H6^0B:C4'EJ$^@+M@W@97'[2][6KV(=N@0/@UUG&)
M<5C+X0ZC)$]9`<]C1Q.1J9!V*KU!C61L`]GQN!BT+&YM0J;CPJ$T!#4L5LY#
M&(N:T+SPQRY<+:">XYP]$=G#2#[A26K36!OO9CP862R0PY/D*EOYREC.LI:W
MS.4N>_G+8`ZSF,=,YC*;^<QH3K/^FM?,YC:[^<UPCK.<YTSG.MOYSGC.LY[W
MS.<^^_G/@`ZTH`=-Z$(;^M"(3K2B%\WH1CL:)#U6[:,G3>E*GUD?Z9"<16*W
M$2&_1!VFN(:ET[SA49OZU!M1A0,B(`$/=*(@.+"/!(2@CHJPPP<E<,1&#M&"
M9U3$#SWH!S540`B!'$(()F3(*)+@:ZST`Q0`$$*3+;(.2QAB%.LPR3J:\8IG
M>!HS1Y9TEPWUDE*C&B?4.?>?"6(*`'@`!@5(P#3Z$8$"L(`"`@AV/XYA``=<
M(!W.&0$`3-$/?%```?UH-P7Z`0D`C``?&6$!`"91D6O0@.(/:7<2.O**$B0A
M$S0X06+^2_L3C5BB`2XX0K9[#/%I=R1H+(''%';0`V5PQ!J>5D:M^[$.2!#<
M(L?P`R38L9%UF%`CRF@Y22(Q!93LO.#9SL<_D`+PC>`#<42OB#KRHO3R7&0?
M'0&N9[KN#["3Q1K'`&U%\"'JC9A;W4,NR66VXG*O5\7<X9:(/_(N$E,(H!'Z
M$`$`3D'OA1_C/P!WA`$^4`!*@)8&`$!%P2VP<%4(0`6@"(`#;)X1'@C`$Q7I
M!`!.0'1]A&,?IP#`$=3>CW1$@/`5F<3#4=N/8[L<'H;HARP^P?J-'`$)=1])
M(4ZPCEA9O076H`;14?@;%31['4GP`#X(<@P)9*((+-B(,*3^K9$+V+PZ#XGT
M0::``X0L-M(620<)LMX):9NB_/C`@:Y+[@</X(`%D2@()#Q`@H"94"&,4'5J
M400<@0\]H`+9)FPD@`-%0'3XP`,H0`/SIA$`%!24,`(XL`,L``J]IQ'7\',6
M<0IM=P0;MP^.P`(]`'#I(`29$0DT4`.B1A"@L`-3D(#6H(&0@!FJD!7I(`P(
MT0D\(`03F!'(P`-'H`K]H`P]D`1',`13@`^C`".$,`7YMV]"<`29,&G-\79%
M1G>5H1E"T8$M,0H#H"$%X`'JX`\>P``]('@J4'`4H`*J,``B,%HD``!("`\-
MD`!J40`:0``%D'99(7$<V`\HX`#^!D`"^P`#`&``%$``!+@10E`("4$0.T")
MG5`(1\!YQS`$A9`5C.`!HW`*[#8%2&@-$5`*1?`!B04,F9`-_;`/SZ`*-G<0
M1[`'%K$/RQ`X^;`/@O,,9H</T_!T!'$(-%!R1T%T+9"%!0</'3$%"""`Z4`#
M+4<-OH8/%?!T%7$,/+`1'\!Y(D$0A:!O)6$-%+!SCG",GH`"_<`"K\81+)"#
M#.$#.)"`QY!8XA@`R]</+2``S:81Z2`"(V<*)%![[)@.#'`*HU`!"=@02<`(
MC34)"!``!6!]&G$,2)@1ZQ`!&\<0ID``G*<":;<#1_`/H'`"M<8"X-@/C,`"
MZT`*'Y#^;9"``NS@""@`<2I`">L@!#ZX$9!@`396")38#X:``^E@"C108BI@
M"H'3#^R0%^FP`[F7#FF3#B,`D>W8">K0=H&&#L1`$?=0#`1Q#L3@E<9`$>90
M#!11#+U`#+DP#!,Q#.;0#_9@#+UP#Q:!#KE0#,10#,6PE[J0"WC9#_>@"[K0
M"[E@#!-!#(*`"WC)F+H@"+9@#\4@"+F0"[9@#I3!F+@`<8PY"+E`$=M@F;H0
M".A@#'40FBMA"@Z@`0!``@!7#Q<P``2``"HP;YX0`$5P#1=P`)(W&R1P`,#0
M#_#```[0#Z=P``6`B.^8$2H``*%0$9%@`"5`#9X``#0`"C3^0`#`MQ,M0'"T
MT0]#0(`>T`B'\(:F@`*J@`1861&%@``\<`C^T`@[@`HVH)44H(HE,`Z1(`2=
ML`/LH(<J0'@'X81K1P-"(`0%,`K_X`!"P`(0"0TTD`0[T)P%EP0B``E@-P7(
MP)*ET`]%8`WPP0ZJL`,T0`A*1Q"9@`(X<'3]8`W4F!$W&(GEH0K=J!$BP'GK
MT`A%``G.^`R-L`>9<!#JL`>0H`($B`^>(*00)PQ+"GH;80T?D'6.4`/](`HC
M(`3,"(\A^@SXP`ZDQQ''`"`[MX(4RGK[('(5<0KE%PH'Z0'6P`X5((`$084;
M<0H!\`'.:&,*%(;^4`0#D(,480W^%^``)J0.I)<.TE<1-*!KV9D1RI!8^L"*
M_2`"1R<"!&<-!.%S368-#"`"&:$*!"`)Q$D"G#<%:6<1U&``G=!UPL:"&8$*
M*@!VU(``AC!R@I8+6K`+_3`(6C`,_!`(6M`+:L`%W]`/>-`%\N`-7>`%N"`&
M6\`-VZ`%;N`/P]`%7Q`/0F$+5"`&4-`&=&`%78`%6Z`&X*`/=J`%5L`%7#`&
M_=`+77`%4*`-O:`%6L"N5F`.W-H%6U`%<T`5[SJN4F`.O>`%7(`%7!`(_0`+
M6=`%4F`%:O`%5K`%OQ!\'T$1IA``2:`"!,![!B<!RJ<0+(``!5``!$``'5D1
M.R``.:C^#`30`,@9`"XP"0$P`*EJ$2T``(58"@#0C84P`!WJ=QM';@U!")&H
M$">0A32P#NK@`>N``Q<`"3V``N$YCA6Q#Q*PC"<@`NRP`_VP"87@#PW0`Y\@
M`9&`#R,P<@11!'Y0$8:0??L@`IVP#@VP#M:P>E!+#9G``+A:$<I``\%V`@3G
MG_WP`>K@CNO``)-`J(58$=,@<D)H$3#:<@1A#2+@`QOQ?DWVC07'@*>`!%Y[
M""R@"AY`>"10!*80`:M7!#MP"CW0".UX`J0@`J00I1=`I2V@%@`0`0VY$2S`
M`"Q0`K2(BYFA#A2@"B@P<@J$MGV+%"K0=JJ``$2``)28#@W^<`0L,)0900CY
MQV*G0``>``\/,0J04"*-4(B,<)^4>!`T``D[D';/X`'(>0(-87M)0'%1EG`C
MT'I.6Q%%D'L'40@4X*K]4`B,8*45D0XG0`@4IPPG8':=D(,*H0R.L`<CP)7\
MF(4,T;3+X+>'X`DCL*5^1A#QP`5RX`U@@`5\``YB(`?^P*UUH`UAL`7!0`M7
MT`?]$`A70`MU@`5@P`UY<`6W0!6UP`5H``O?H`=8H`>^``=9$`N^4`5W\`MY
MP`5QX`]S8`6TP`WRT`96,`O/:@;IL`M8``?=8`=@0`]#80=>P`O>(`]O8`6V
MP`UOX`7R<`M6D`?=L`92\`LZ3`O^JPD`CJ`,`&"S_<```VP1R7``(D!`C%``
M$0!P%)$)`G``*A`!`."UHR``!>D'`)"[&7$"`7`"-*"0V*D6!T`#HZ`"`K!Z
M-2`$#V&.&=D/DR!]^+`#5U<!MTP(TR`,*VE[<,@(I``*JC"-_9`)AP`/$C`)
MID`*UV#,OC$$AZ"R\]<#H+`.[&@-!,@A4]#-3Y>`^'`!ZD`#DC<%O*<"\:<*
MST``'7("!"H0)Y"#+)`,#6$-+."J^/`!+GH0ID".%B$"]`P,'S`;)S`-GX"$
M-!`*T["HA3`%Z4`!\U!PAH`/0L"!MZAV4KIS!_QL64IQSW$"TYQMRM"=`+L#
M.2@"52?^`DD@"Q=0;!J!#RHP<J<P`L\`"OJ,D`S0GAF1!/D7$7Y'`5FWC:K0
M(J<`OR/@#YFXC4V'`S9W#$!Y"F]X$(X0;#WJ8\I0`39W#7I:$4>POL@9TZ`U
M@^D`ROW``Y/P#(Z7#!X`P8YG8^))@`?!"&3-J,6F%&HA`EQH9WK@!7<`!FF`
M!GBP!=O0#^8@!F"`QG$0!VD`!M[0#]U`!FLP!FGP!78P!F@`#G1)$;5`!7Q0
M$71P!;S@#[A0!7*`"U<0"_Q0#%OP!O2P!JS=#^#P!6'`#?U0Q^`PVG7@#W60
MQOF`#O:P#VMPQ?T@#VI`!M_`#WK`!=IP"U0`"_T0W/I0"T_^;+$@80U"0'B0
M<`+YEP1^0!`4H0HB4(7X0`/'6QJ,4&\(0`.))0L,<(S[P`*LFA$V4``((`"%
MD`P#0(#\T`+*6=][@`^U&=3](`P?,`6=T`(D<(W4J`X,L`ZG@`+*X#.^,07=
M>!`6PW"M2K^1T+8L(`G[D`2!HP)9X2*N8PH@P`[40`"C8)4O6GY)4+V=@!$G
M@(2DZP\X\&H;V`\/5\JH"'"H@*NDBR(-4`-F9PTDT'*$,)SX(`(8G'`TBA3>
MUP_/4)"Q^`'38`IIE]"/2Q$-_=`'@0^%0-%(^.)-MN15MX3]X`GE)[@=H0(:
M+!`H,&\/H0P%4"H-,,W"T`!3H(G^(M"[!:<"X5`1_5P1/;`'3>L)-4!V_7`$
M5>@;[:;+&^$)!'<0+9`#Z^`K_+"1D<"X_8`,\DL-0%D1/$")1T!Q&;$/'_".
MV%AU)Q"="7A!&7$-!>`)R_!O#%>WG@!\Z5`!(W<(/9F+_2`)7BOE%#"$Q_P!
M4J9^`MYG%/$+91`&;A`,85`&8"`/%3$+["H'O&`&8=#9%5'%7A`,=\`%6S#$
M\=`&=<`/ML`%LU`0>&`%<^`+>``%M!`,5_`&O:`'6W#%<.`%MC`,Y[X%>2`(
M81`&WJ`+>>P/>D`&])`+45`'Z+H%@;`+\0`'5H`'MF#8]``+53`+_F`&;M`/
MMI`%[>[^%;5!P':K#I^!/&O7E!:A#GU!#>NP#\I0=>L@"\A`#:J06*K0H3:6
M#A'L"0G(#\I@$*<`<4/-"+V;##=;?#$`XOCP:LJ0=M:M`H6P#^RPI001"B2P
M`HM0P"0@!">@#.S0MND`D>P0A"R0>Q8!"B4@!"HP"FK!`D>PM.NP`_O0`T@X
M!3U0""-0#9OF.7=/SQ5A#3A@=J#@`89``TUG8Z;PY!5!`4(@">P@!#AP#`?S
MM6F'`OD'TGA*@(!K#=W<#P/:#VC^#`).?M;0"1?@:VZZ;Q5PLQE!`@X]C&E.
M`J.@#M:P!\]P#2X#"?G=CO)(^M/\$#!==:N,#\=P`<7L`-;^T`+<EQ%'D(,:
M00H`0`%^+FQ'AP]'T`-`@"#4<`PHD`,V0``XX`^6"W$CD(/"P`&)5=&@5>H2
MP;II?@%2'J:HFQ&9<`)&\`("H`0`T:_%B2,G&BCK5^-(OVLL\/6#J"Q3OWTJ
M(%$\H:F?/XCI*""$^,P31$<M()Y$F5+E2I8M7;Z$&5,F2WMKSMSR-^<*K9/Q
MUFP)UF\,&'`;^WGK(L=?+RYQZ/7K=H5+/%Q99D'4P\4+E2ICO.VS8V7+%BQO
M^OG:<B6*-E]>M'#A0D:>KBIU^M7YXL]6ECA0U:@UQ^U-%2Y@?O6S1046/S5S
M^N'B@FLF2WV3+5]^R1$S2\TR_3W^;+D/7[Z.H%%JQJ?,FDIUJMB=M*8*WL;7
MZ4`?`[5Z9;I])_6E0[EL$JG>*4TM[-Q/E:1,^/!EFI)I7;]QKU5-ZY<.21)(
MJOJM8W0DTNM3P%5Y)P3\Y+Y,-(8\"]D)HJI(*QG1$$(#U/P=*$8D>>VD*>#Y
MAX>'*@-EBI3TF4*=B"J@X0-'^@E'A776&0&D?BJ;8I,-(>)(%0)8J`PF?3J9
MZ"1_<(!O'1*HZ4>9$VAX012(:-"P'U,*X*$''J9CQP821!!FHR1(H(&&XE*B
MQH7>_*GL&$DZ4H&%$2;2S)H36L!A"M(\$<*W?J:8Q*CL4,"A"!9@W*Q--]^$
M$Z)N<KG^YZA=Y$&I&UXX,J:;SOS9!APH??$&1%QXZ2>>7>*!"`\N;OFEED(3
MY867;8+9!J)M;/F%'ZAV\66;;?R)9YBBO.FFGWMX*50?;WH9-=%A?"FJ'WJZ
MZ<T;1N_IILXX?W4S.2AETB<Y8(]%-MF35/%#69:H862E$BWCQU.4V#$-HFF-
MA6D==4PKSKF4BD@1)7V^G6F?:2%B1S,53($('U74P\>'`#NBYAEEE"G1GWG7
M4^:4V:2]-]Z!^Y&7393P`45#=J9#R9IL$59%F(F=Q3ACC67"`PM?S%36VHU'
M)KEDDR?C=J9U4[H89&TS4TGD]5H^65E3X,NX%'AESNZ4FF-(2OEGH8=VB6?/
M3K+E#FY6,GJEH(&&F6BIIZ:Z:JNOOKKIE9\^^E>NL08[;+'')KMLL\]&.VVU
4UV:[;;??ACMNN>>FNVZ[DPT(`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>52
<FILENAME>g147201lai001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201lai001.gif
M1TE&.#EAR`!H`/<```(!`P8&"0<("P@%!P@'"0D*#0D(!0L-$@<*$@X1%0X3
M&1`-#A(.$102%!D5%AP:&Q86&1,0#1T>(B$='B(?(24B(RDE)BHF*2TJ*R0E
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M?(-\>)QD<K=)2KA&6*M)5;=)9;I7=;11;JQ:9L$N.<(R/<$P-,`L+<(S1,,U
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M^OSY]OW]_?#T^>[Q\+_`PB'Y!```````+`````#(`&@```C^`/D)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+!O?AX[>/7[^.'$'N^R@2Y$21`O7M6ZDO9,>6
M`DU:E(FQILV;.'/JW,FSIT5E9"A10B2TDE%+EC9AVI1)D]-0HTY)XU8/XK53
ML*(Y>^8LVC-HT*I!DV:-;+5JU[AQ8[>Q(KZW-'W*[=D1!X"[>//JU1N@0`,,
M*TA59;@"@`$#`A`3&&"`P&$!!0X78+"@P8,*'6(H@PE1F@<,%A#-'3W7;@/(
M!0($$`!Y=8'7K%D;<$W`,`IH'',?+%P@M@`"`0@0$'`W./````8`O\O`PR:4
M"CN2`5``0(5KNDEKOVF#^N/@JF/^&X"-.G&!"'Z)4_BTL`4`]'['_W8<X''C
MQXX+))A=`(6S[`>U5(X%`C20``"5;*?@37:]!H!PPO7UV&N(]19;;^,98!@9
M"KGW6@.]19#8<?,A!Z%PB$%&G`/L,43)`+T=```'["QHHT5VS28<`/7QJ)P`
M]2&68F(I5@A``Z$DY.%XM8VWP&Q"'B;D:Q3*%@$`#IP"8$'K7-!7`0<<0``F
M6]YHYD(R``!D<E`N!F%C>$D(9&(')/#:`-<AI()AO_&8V%YX058A:_6A!@`&
MV"6$"0`+H-8``"5P=N:D"L5@&(2%LJ@,++`H8PHF99!PI8JJG4<D`#8@A`)U
M.\(Y`1G^D9111@TPD/"`ABHFMAJ(?@$@0T)='MG;:PL`(`JER"9DJ7S`U49!
M6P6E`PH)?`I):&T/5,./I/R<<.D``P0'@`D%W7./.-->265D0C9@``7M((0(
M``R,^-J5+"2;VTH,<9M0/>V8HPXWY*RS3CO^(L2"FKXU-D&-`'94SR5V@LA:
ML[61:9"W!>SHV+@"D430/<N(`".8*E((P"@'.>-`<!4.:\`"I)2I8%P1W?-.
M-[T,LPHKDDCBB2>R%$---_%`R]#""\#7V@1*'V1#``XD]N>.+AQ4`G6J`5?=
M"0GEP\\U&P"@P`'EL08`#@=9*N8!ZT(&0-8VZUM0/N-\(\S^+JL(TH8A/_Q0
M!1J"T")+-_7@W-#"(,I7W0/^)-31@*M=;!P`'="T3PY'SK<C"@IM9$H""32`
MMH5?BTW0.Q=0)X"8Y54'031V(T3/.,88\THB:O@`!!!!$&&((,0,(PXZ_%[T
M`@!PIYA:!5$?=`/#Q\T&P`:J$[0UW,-%!@#8"K6T,)6LW8E!.06=0D#'$*8\
MGJ^4MJ222/1LT\HB?H`Q1A)!`&_$&8'0!3.8<0YXV,,>*TE>12Q%GJ=%CR`=
M&85C@-2Q'H&`)OKP%MH@@P`&`*`%#0E%`,*$FC`!0`+8*,@,`H``"J:F+Y`Y
M0``>8`TS@00F[-"&+/RP!C0DH0?^0"!"$,^PAUGX@AG@2(<2TQ$.=!A0@169
M`77(AQRH,41]J('`;XBS`0QR[#4(6-\')9<;:,!M6!P,``6X01!G/*`OI4+`
M:TKEH!MLRTSS&`<R6-&&-/R0"$Q8`A.8`(="&!&)X$AD$M.!#B?&`QX)5![S
M7G-&ZSRP(+`8UAS5=+WLQ81C!U#`V62$`L41!!L*:(UK4K.!=1"$@<1!#96"
MXZ`-L%%!^JA?,0XA!A\4`0I3>(,;E``%*OS!%KX(!C.\<0QO.-,;B4P'/)R(
MP'R\Y(X3<<%[R`>D9T6''ZCXTAP1`[*"[.,$`;!3G43YO89@`P+I1$T+`4`"
M>N1&&O#^[-BP_#0L!!C`@Y202_+RN,LUJ`$+5W`"%`2YA"5\X0]&]`4P@@$,
M8`ACF=X(!S@T>HY&&A"!^[@'3?)!CW6H11S=0,=&;CB0A2D@`;(,`/08,KTS
M_L9![)%)/]")@)XFX*4``-T5^R+'T\DH$@3A3<=D5`$;="QF!$`;""Z)DWF0
MPQ5L\,$3L%`%*@1S"DH@0AZ.Z8NR[F(8PPA&,(3AC64F\AP=A4<\YN%)?KAC
M&ZYPA2,\P0I9]$(<YC!@0I9GI]<YJ`*14X@Z-$"=,"'@`.ZRP"T+XJV7VHET
M[<1F1O@QG0VVICJFR,T_&-"7]7D0!O700%_."*86XL:4%Z'^!S(<L88PA($+
M7NA"%YS`!"4HX0UYF(0M:F&+7>#B%[]8JS#8JLAP=%0><[T=.9"1#$<L@@U8
M.$,;)I$+9J1#I#%)2&%(QQH2(G8A.G#=&3%;@X/L8VL*Z&E/%1#4;W*C=9ZM
M4P`FH([<+`],!A+``I;!CYIJL@&/LN-.^H&,18@A#%?0@A>0\(4G!%,)2\@#
M(6PQW%K4`A>^R(4OA*'6`4(S'/)(<=YFNP@U9$$(0?@"\;QKKH[`=B#+"Q,E
MT4:!Q!JD'^!\K";E2+5G($2#KTF`"87J7H'818YR?!T$`!"#W%3CC?HIW0!.
MT!%G0`!,!9!OF">00B!?)'G98$7^%A(J!RI0@0Y?#:L;^#`(5<PB%[40\2YV
MX8MA`(,9;/W&-\)QC&/<XA5]2`,6BM"#'YP!$+8@X$?O8<T##L24_XV;)1."
MBA#HATI*EE&"CFPV!(CRL?55R`[DJ$G(`D`$;.Q(>L/,:@(DJ2.$#7.8PQ2`
M3N!$'\5XL""A0(>%3D$.4X`"$=[PAT$,(A"JZ/">^8S<9GX#&;Q81!_0\(4B
M]$^LA)B%,,#A1'0PTESHOD=#"J/CJ!YHIOL2B#IT$%_'/M:$+8B7O\Y9Z@0@
M8(2I-K-'/)(-'+1P@TD60`1"VQ%N9&"*:N.`OOEQ"C"_[@"H-L$[;/*-5Z2A
M"%1XPQ+^H!`'AM*!"7&@`R$(,8A9J$*XM3#N+JI]C%_0P@][X$(1K*"$)BP;
M#T:$YD:="U='VL.:T%$8\S9HP@PHK1_92`7G6!AF`3R6."4PAT),D$Y1^EM&
M^3((-C3Q@<J!V4[4N81'.E*)*;)0U-BLQP16ZUBX+0`6&-&',=:`A2,L`<-3
MF,(0%"I()N#A#XAW=B`",8L\SQP7N'C$'M#@`R(`<@E$@,(="*$+B[)5Z!N-
M*SSN0=<;M_1(=B(?!'!P@QO(X`4G"`$"`-!3UZC&.C28K'MS$("SD4[)'\P&
M-++QCW]D0@8:^'>H/TV=#;`L-]Q@K"8!8('^$F1\8((;JF?^4)&.D&,164`"
MLH_PYBYX00YS@$(QQXIX0@3B$8RW!>1I`8A%&^$)3^C"&YA@A2GD81:ZL`NZ
M(%'*Y$RAYU'V``_6E##Z$`_K4`[M(#:K@C*5,QR`L@"I%%,-4`G6%SJ\]U*G
MIF/-TQ?%H6,J8P`E8`I1DR9G)"8`P`FZT1'7(`&KU5,H`P!:0A'D<`AA0&Q.
MX`15<`1>4`=W4`=R8`13P`>(]P<L!PF,APOTAP988'F_1050L%M0P`>S8`NZ
MT(6=MU;/M%'H4$#Q<$#V4!#U8`ZR$`O$X%?B(`\=L2H60SZU81A/%1M1!B:9
M53<"@0\?L'1A$HBIT1NA1CH=@Q?^!,`!GP`Q!&$-%>`Z#B("D0-%+`@W_O8Z
M094P#/$.K,`%45!,4^`$4=`$44`%71!X_O<'>*"$B,=X@:`'W>8$%@8%3*!^
M0_`$#\5A>>:%R02&)]9$\1`/UI0/\R`/QD`,AW`(9D`\O4`.GK0J<%->IX,!
M#U`=`Z`F0](;L_<`*<00^\`!DV1U&(<`"2`!Q+$7!7`!'B`#H<"(,=$2=@$[
MDP$`FI`2(2$0F91]CO4:#(`;$M$*6""*ZA=XZ"<'<M`%43`%=#!6AX=XCP`(
M?/`%0S`$ZD=L4#"10U`$==!RM:`*'L9GG6=1S>0-@S97XS`.A+8*?I`&?M0&
MJ]`+\K#^<?'&#R;`,(/8,12`#=1@"I\P"C=`B%4GC@"@=@SA#R```$IV;S*T
M`M5`"IE`"3:``Y5`"9T0#=<@DPBQ#XP5C:GA`+I7$*O"`'4"-ZXV`Z97$/+`
M!DX03&]@D%$0!7-`!P?YEDV0!X#0!X``"`]9!SY'3.JW!&NI;$Z0!Y``"8/`
M85QH5B3&7.$0#GG#"[30!W=P!$(@!$G`","@1$\47@/Q1;$A(Q80-4AF=0<G
M4S6T$/ZPE7724S)"`Q:A/AB'-H]"+HK26'62?3.$'6?9$;R`!6_PFW(9!4\@
M!U#0!&[P@U%P!'B0EXSP"'W@!>H7!6X0!;5(G%/0!$?`!X3^``B#(%P=E@N[
M(`R_8&W?4'.TL`=G<`0\P`-5L`>T<`SR8&Z,!%(`,H&^P530TA&F$%6C-(ZM
MR1#X@`$C9&JB)"._PB\F`44(H4W:)T<`D`EUPPX>0'OB&)L`$%`-(3^'H)#!
M1`?)^01NX`90()Q0@'_,"0EH4`1<X`1'L%O(EFQ1\'<:UHK=Z6$QYPOC:9XX
M!P9-H`1'P`1V60O-!`X=570'9$WW^%Y+5W6]D0'^0@-F4V\8EQH0\!^AHUKR
M-5\!\"L2`63.P`"MA6H?T($($0JN<V_D:!UDNA#?@`5R0`=O``5R\`1.(`=1
M(`=V\);)&05]``E]4`=%(`5R\(/^3?`$PBFHRC96@0`(L]"=P]6%R/4+N_`(
M/E0$3]`$A7H'@2"2&.5<8SAZ]@!>NK$UFN0@&2`3,OAEK#6(`,`"5,4/`9I.
M/65U]*5@$V$78DE)`1`#V(`-ZO"K[*`.[!"LZO`.V6`!Y.A8HQ0`]>@0K8`$
M4_")"N4$6S`'43!XQ"F+3J`'=[`%4O`$4B"G42`%<^`%4T!^2G`'-.ILC"!_
MR$4+?X`&76`$1@`%3I"ICX!<$X51B=1$C012-B80^3"AA54^`.!T!Q&/JVI"
M&(H0ZZ!::,.:"A``MOH0^MF@]L8`$``!#]"Q#R`!$M"Q#@"R@?A8Y!A?!;`!
M:YH0KP#^HB(*!4=`KG9JJ/<JBTTP84/0<R-JIR-Z!/DW!'(`"'\`"(LG"*H0
M;;:@BM[FL^KG!C$&:65%@,J$1(P45R(%1?G0`4L'4PYB`3(!$]B0`19W;UWY
M6@>A#B$PH*$42@!0L0[Q$5]T-A:B&K>''#S"(Y7#0E`&-Z,$`+[6$*V@!5$0
MITM@!'3YEG;@!%(0!78PHG3ZB7EZIXNK!510!W6ZG4LH"(Q`?WK0!,$SHDY@
M!TV0!'<P"[CP87VVK^#@743:4<BCH/GPAX$80P!P`0EA"4@)1BT(`-R'$.I@
MCE\77Q,K&A#1$:0P'N2C:Y2D3E`6([F:O&%2.GM(1L;`!5?^&*=VD+A-L`5/
M4*+%&:X5*9SXAYU/4*Y;D%M?H(1\X`>/\`B0P`=@8`0ZJU!-,`1&H(6TL`IY
M5E85-4!(Y*GH(*H%\0XBP#P7IX<7H#CK4,`B.(ZK@7>2TA&_*P#^)E^U*A'[
MP&Y"=B&O,1PI,XCR%$.L.4L0\)4(,0YJL`3)U@36.JYTV00*A6&^I012<(M1
M\(,MBG](<`1T\`=ZH`>$``EZT`7@.HJ^%:='L`5ZT+ZJ0`NV(&(5]6<#)(;H
M@*0'@0\3NH_Z07TX$T%@M&-Z6`+Q0A!`A@T/8&H63%\!=98#<0I@:H*^L45`
M<AQ+126F,\(;C#8Y%3[Z\`H*Y;W^TJFG]=L$B0L%Q"2*<V"G@.D$78`$5.`%
M3J!R@$`(?%`'1N"SGVC(<NJS?/`(LZ`(M(`+3TR`4JQ(]J")`O$.6=Q"^^2U
M"?$.[$9"PR(CEG"V;S1?\W6A$C&!.C8G"X`Z!1`N=(NW=7BWRHN;(O"J*L$/
MXX`&<<`$PZFGAOJ66[`%Q$F1(UH'HS@$HV@$6J`%"#D%=YD'HDNH%)FSQ8D$
M7M`'B\<(JZ"+_*NZX1`/FPB.839*U8$!`G<0RG`:@<AT`9`!)JP.;S2.0CEJ
M#=$1T0"FV9<`,Y0)RG`*$ET*HU`*I!`*J"`*G-`)GR`*J<`)32&[479Q`L`R
M-Z8/K+#^!=+JN,)YIW/0O5'@6].9IPKUK2VJ!5N@6WQ`!SVJ!)^(J0IE!/>J
M!7P`")#`"/%77%$[#,PPSP[Q#N#8H`Z*`3=F8'E81P#"#1#`FG7R4T,Y<`ZQ
M/&))EO`S$:/`,*_#F@"@`JA,$.&@"$@`E\G6!2\MOJ.H4(Q[K:2(;$^`!'.P
M!4@@!0KI!IAZP^J'UW*P!4:`!MNY>-#F8;DP#+O0#.!`SQG*#_5@SV"6IAC0
MUOR0#U^DQ0'0`(DR$-@@(K'I;P=2RZ;7$9Q@-F,M0Q.@+0&K#S`1L";Q$;!J
M`2.D(DJ9)`TQ#GY0!'+I!7"Y!4Z@S88ZG7,P!]D;NELP!5+^X`1>@+Y:0)''
M:<C@*P7@?+Y]L)V,,`FST'BYL`J^(`[P(!'M4#9DF62'TA"ED"NOLSXR8D<F
M80T./8XO)2.;\!!8W'O^B2`4T1%IHFL2"RD/<0P'50?%9MR+&ZZ&VMS"V<(Y
MW07?6JVZ%:[&:<B1.Z=/P`5W8-2`P`CC_<3@&0YL7!#L(*#_7"<`<$'>N">]
M/!PRPHVZ40TB(E]?!P#][8W\\`EF$[UH@T(640QH4[*SJR6FIP_CH`@^T`2_
M.0=&:)#.;:A/<(MR4`?1G5OB.Y=;L.%*T,+6*N5?T*<C#FT>F0OBD.)<8@%(
M:8DFQ`']P@_2\`"OXQMZV+L"<0W^J12]+70@S=H0\)7:`>":%M$/[.9O9Q<`
M^>+9N4$.K.!'P_D&<*G-=GK);SG=B3T'4E"M=XK3HWC#34#7Z"><75`$=ID(
MCT#BJD`,*%X1ZO"(^J'?`<`!;-QV<!,<Y7,:Q](2UW`:I*.L#^H06DV:/E4`
MRJ!9$W$*+;[?!P`!1I;BR<`&17`$);H%=-"]=5`'>4K844`'*LW-?]W2BWN<
M3V`'""F^3F`$==`'J^[)JP`.US01ZC!WP5XGYB@"/LX/6IU]I8HY@U$-]3*.
MCT5?&L,0;;?5/A4`&/"J#L%O+<ZV7`H1X[`&/H`$""D'F&H''NH&V?N6((J=
MB<T%U5S^OE(^S=-MJ'-J!)JZN:K0"VQ^$&8\11XL(Q\`$?]5/I$A-[7,#]2`
M-JI=)U/6(@M1#A=0`!`07YAEWQCQVJ$F2F>#`#8>$?2`55G@B7'PEJ&K?AK?
M!.&J4.C'O?2*?YENKV[PTEMP!#[=R:$L#QBQ#B;P`!J0`1*0`1E@`1"P`IW!
M`0R0``SP]Y"%-A:`'=)P&A8G`%-V+#<V'8@QS!5@I1C!#N"('"PTS(9NL0-A
M#.!G!-/=!"-ZN-,LIUU0K71Z?]ZJW7:@S;*HR4O\ZACA#^[0#NXP^P:C#F/\
M$.P@#6`!#='`^]$0#<K07_AP"J8@T?^`"J5P"J7@C@E1"DO^80E&813^:!.F
MT`(M<`+8GP,Y<`(E$`/,#Q'Y@%73;:^?:*?-;:@IO[BC7[YV`*Y+D-CC&M<+
M!05N<`>]P(>UD_^AXP_\[P_]`/L`\0[?/GX%#1Y$F+`@.4=BD@2)HN5)%RA;
MDCR)8B1*E"UVI-B)TN3)'"\<N6S9HF7+$RU=CJ3)=<\@084U;=[$J7!?/YL\
M^=',J=!G4*)%C2K4=^R5F"M%GKR!$E5)%"A1[#QQ,_7)D2==4:*<TU6B'"H]
MBN#)!4[F4;9MW;Z%&_<H07WCDB7*,D:CDZI=*&YQHN3(EBY1N#C9(B7*$2D8
MI6R9LQ&.E2%G:H6S)U?S9LZ=.0/^U8?LU9XK0:!\H0)%SLHG<C@6AJ*5M9,F
M5!5'B7S$R!E!O<#E\QQ<^'#B">G=6B0&C`^G5"+[51P5RAO7&Z-(D0)ER)`H
M73D628(FC9]5P=#MTX<P_<'UQ=V_AU^PKBQ%:BY2_0*&Y1,E4Z,X"8DJUY[@
MHC&,(//""RR0.(,*-1CY99MPZ`$.I_;B(^Y"##F+)YQ>6$D#B>V&V&*C[)QP
MPH["IDAP#LCDH*B.*JC(SPOLGD@B##'86",11UQ!YIMQXEE/PX*&VO"M?8#:
M)Y]PY%D'G7J2/&J]G0X*9QM:``&#"RZ::`)`*.BH0XZ)NO/B"2K,I*(+,+[P
M`C#<GK#^PR,OK\`B"S#4\(,17'K1!IQSXKEG27[6TDD?H!*ZT,B:'%4TJ'ON
M@0><7EI9Y!!9M&&'2L_HV2891]@`XPHAE"`B#JKB@(()*)9P8D"2_'J"KR>:
MD,(-Z[KPHHLOFB"""2:<.***,_`09)))B&E&G'/0D2>>?-#[K*U]XI%'GFZ\
MZ247904YHXKQ7M%&'D<]5=(@?>BQ:Y$^U.C"""*&Z$]8Z:+P8HHNYH"B"2BD
M`-,-*$9"@@HIDHC"U2F.(*(*(HC@(>(?JOCB#(O1$"0011AIY19DD#GF&Y''
M>5*>>4X^.1^5]4%Y'GI0IB?F<68F^1MCC.F%EU9:6845/_#^L#C<(W@@X@?>
M6IE&'G2)(VA1?>3!V9$UTL#"A]*,B&J*(9Z(:@DE.HJBOX@>>T(*)[*+,PI=
M;X,-P":4&$(*)8*@.PDIM$#B33#`P`*--=9@8X\U%/%#$5844601POWHT8\V
M_-A##\GU\$*+!+>@E[8@FA"B\R2N2$,18KK);*:EJ5R7'&-$?3<++'H((@DC
MC`@LQ<"6@(**)Z:(8@H8SX2"52<LKQ6C+U*B@HJ"D2A"-RF00$*+(HK`XHLD
MIC^BB!E1&[B.*6IEF`@@'B:BB#:W:B+YN*4H0H@PU#BDE2#I06C1TT]/7;1%
M$B$UC"^%:$(0>#`$W1SA"$T0V!+^WN`U)52%"K5APD:FD+4I).][5=G(JZ;S
M!CI080IPX"`5.@A"%J&F"U,`$(I2,X2SX:@'GP-#'QJQB%ML8QSTNU\.U<6>
MA.3#939#QBT<L0@VN`X+6$@"%V8',+K-32H-M%=@A.6&";YA"G&`0VR"%P=7
M68$)7+07$[SH110]H0AT$P(2/H>&/9Q!#8-;13&TT8T*Z="..3F7>N8A#W*$
MXV/)X(4K7O&*1>P/<&P00Q:R$(8P7($+81C#%7PPR3%,<I)"F.3GKA#)*X0A
M"XE4SA[\D(A$+&*0LC#&'.5!(4=1BQ]YO&,L=U@E?>"#7>,@!SF0L0UD)`,9
MQ4B&*UK^(4AB%G.8M[A%,8#YL6^0`Y?S>&51["=+:G)&0TBJ9C;O.$WA(`D?
M-TD/-[4Y3G+:1)P_J5\YU;G.<Z[3G>^$9SSE.4]ZZK"=]<0GNN[I'@WM,Y_K
MQ(<I1C$*:)SS0NW@1KK8\0Z;P/*?Y8R&`QC@@`+$H(XWH80'ID24)1%D%#;(
MAPM>T#1^U&,&9#`*-@OBSX<61QD%L($U1```6!3D'>I`R#O:01`:/`"G;+F!
M".Q!!I0:I!T3\$!+\5F*`6B"'S0`0#'XT8D/7,`$T2BI)4!P@C+LPP438`<^
M:#"*@X0"!2B@1#OX80H6H+53-!`!/T@1"W[@`Q-C=0`+#J+^C&HH0Q3\8,<G
M*B$*X.SC&:2(AEKY<0U1D.*;):4)0^NZCVLPM!W02*A-J\$-DJI#L4K%"4].
M`0!*/`,#'?#'*1:`@E,\``/YV`0`7.",3UPC!AAXAPL64`IT6J,!*""%)911
M"@.@@`P.0`$_;""">FS`!/P@`P!>`-45'*0$%$#!"M9Q@@FXP`(QX(<E(L`"
M&Z#T$@7H@`5$4-D2_%49%S!%-3C`W5&<P@(66$$G]A$*#E3@`BXH!S\NP8$5
M;.*QH+U)*0"``@S0=!\R&(`R^$$)`&S"`Q90ZS[:$8,)O,`!IECI6@&@@G7D
M@QWI[10.`'`-,I"`'=A=QP-$H`_^:42@!0?I0`>PL8Y+#(`2_,!$`9PA@@98
MHQW4>,<#/E".4PP`P`ZX`3]$`0#A`J`#HR!%!2@0C6ML@AH6X,`S/@$`'&`C
M`C=0QRC6@6!S\H.IG!@S>%U@@&OP(Q0`L`$%GKL>&`2@`1.0AGQ*2@8...`"
MF2"`"@J""0"8@@PF>$<%7$`-`$09&PVH;M,XX(*?B&``+)"!"S8PBDQ$8`*C
MOL8`/E&0$SS`&1?X,2D`@(EG^#B\`."$06`!``Z4(08%^(`R,'"!&\""I2V=
M<JX]``!J6`(`H>"'"P@0BQ(TH,[U"*D%1O$`#V1VLOP810!(<($.?),,`:`&
M&4X0Z1?^<,/)_%`'<F="X(*@8`"Q:`<[UO%-:FR"`A08!0%6S0\2/.`9$["$
ME"OL#`"@E,+0_J8RR'R*3HA"JL]@P0($`&(VVZ04#EBU*1@P@W*(H,,%D,$^
M2.&`#5@B$MQ8@07V\0D"H*!"T;A!<$G+Z!AT8@+/C4$)CGH"?I@``)GH!`#T
MNM(-5-?.!CA!-:#!B76,PAE>C0`T*K`!;HP"`#&H!W[S<8E9,QRE31[!._3A
M#&H\8`7`4<<U],V/3%"9&YPX<,>-ZHPI[0,:-;U&)\HP"IH\`P<X<.\G"&(*
M2ZRYI)QX00ILT(YX5`(%*K`!->S,B7R4`1/\D,8).'`#%&3^XB`TV(1!?(X!
M$5R"'Y$XJP5L`&1N6Z`$"3VN"U30@$\XPP&I#Z\!2B"#R9.!`")0`0F<X8P5
M7,+DUZ"$`:JA=[CX$Q^?_4G>!5T0?#A^48]-CS[*P=>"U(,:IYA^0:I17\7N
M0QG*4$<UZH$/:'2J(,K`!";6G(]G7*(2REB2:"@#2J@I:A"%C:*^F=`'*^&A
M!"0*ATI`"&2:FFBG>S(4CG)`:;H^!,S`#H2+4J"`"P"S7$.GGZ"):>JH$`NG
M$C2=$%,7@L`$Q3.=<K`!CHLF]?#`^""(NKN!3W"`(DL(;CJV:.JG@_@`#N#`
MQ7H`&F!!%PR*=I+`'"P(1`,QJ!+^+$K`@1O`!TM0`1F@A+BSA$Y1!\)2!TJ0
M`4O`*74(!6C(A#!$"&ZPA$HX!9IPAISC@!)@!VYXK'>H!U/`AH)8AU`@!8-0
MAU-0AKQKAVLHG8N2PKBHNT^HA@H0@6AX``<@@T]0,1O`!`:(@6=8`&BCA`N@
MAA+P@$_```YX!V=;`1N`@!D(,7SHA!I0`0%PJE!H``N@`0-8`6>H@,]3!Q<@
MA0[XL5&H``O`@4_0AU#8``[P`!&`!G[(C&@`!6K@!'7(!,=KQ+B(+1N(!!@P
MAW*8`!RHJP9(@8*X`0*XAA5P@7I`.$ZHM'*(`0`8A4J0QZ?:@&\*)VQPAVS(
M@!R@!P[^F`!KR`<,6+<-V(!]R(0-D+@7B#0+@(9V,`5E<``1,(=KF(#D(HAK
MH`9R*(-IB(1GC,)L#$(!&X!0F!1^X`8*B#)V6(`7*(@Q@P51X``<L`!SB,>M
MXX`(*`5G"[0;^(`#PP<<T``-0(`2J(:1*P@1B*M-&(!3.`$R*`<\\SK@`S=>
MHP$9^$'[XP9J6(=8Z(18>$:1=(OT,#YC(PAN<(#9:X<"<$5^H,=H6(<&&(`H
MFP$`$(5UX(;IBZYGQ($2"+$I8X%8N(`1D`8#$$=^\`"_O`;7FH!JD(:&<\=!
M)(@[(X$;(#Y,6(_NTS=K6`?[$TNWJ`0".(5#62P#F#U]4('\"5B^#1`!AAJ!
M"`BT4#"`%V"'<HB%?8`J"9.!#@@Q>@P%?0"!#EB'#<"`-?NY@H`JO7J&AH,&
M`&#"??`'90B`MLP'>Z`_R;K!SX0+9:"$-2.(>B"#T02L&:"`"H@!QX,%:$N/
M4[@`!S"!5?N$VP,R)D0G:N@`"%BNZC*%6RR##8@!@G@&$7`&T+/$\%H`$[B!
M3E`N`B@!'%@!4OB$`>`M[>0G@[B&:V#$@RC$:OA.^ZN'3FF/-+,&;L@L90C/
M"UVI<B`(?'"&A-J'49@!'.B4=QB%%4"!57,&&IB^(:30!\R)1>'16>I1>G*H
4$\S.('0E*W$E)^0AT`C)X0@(`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>53
<FILENAME>g147201lai002.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201lai002.gif
M1TE&.#EAJ`(D`/<```$``0D&"`L'"1$,#A(.$!82%!X;'!H6&"$='B(>("8B
M(RHE)BTG*2XI*BTW*3$K+3$G+#0M,3HO-C$Z+38R,SDT-3LV.3XZ.C8X-B\N
M,3X]0#A&.$(]/4`W/$,_0$5(/T5"0DI%14U*2DE)1TI40T942%)-35-/4%17
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MP<2[P\B]QLJ_R>FUQ?.UR\/`O_K-A_C)EO[;C?K/L/OCM_[YN\7#P\G&QLO$
MR<S*RLG(Q]'-SM//T-'0S]33TMG6UMK8U]W;VMG7U][DWM[MX>#?WO?-R/?+
MUOO7Q_C6VNO'R_K8X_K/X>'@W_SGQOSHV/[]S/_XQ_[\V_[WV.3CXNCGYNGH
MY^SLZ^3JY>ST[.?TZ/#O[OWHZ/WM]/WJ]O#P[_[]X_[^Z_WUYO3T\_3Z]?SS
M]?[S^?O[]O[^_O?[^._P\"'Y!```````+`````"H`B0```C^`/L)'$BPH,&#
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M0_P@A!`ST(`##232\,(+**1X(HHDH$#"BR^XX.*+)7SPX@<?C#!""2+HJ.,%
M&W!P`0;+",0#""(DV6.2)XP@0@HFG)"""":D(*645*:PP@HJL+"E"BF$&8.7
M,8S9)9=AID"F#"O(P*8,-=AP0PXY[&!G#G/RP$,//OC0`Q`^`"$HH((:@<@A
MARB"B"*)--KHHHH\(LDDDT@RJ8.8,M@@)YQX8F`H!89"2BBEE()***&84HHI
MJK(:BR_^L/JB2JR_U`J,+[8"$TPP]O7J*WWQU>>,,_0-ZPPTQPX;C7O3K/=>
ML\V>9PU[U5!#7C788DM-MN2EQZTUXI0G[KCA@BM>N>.6)XXXY[*;#KCE:0-N
MN.RN&ZYXYUISWKKP6I..O>B6]ZZ]_^K;;[KBEBNMN-9F>]YYZ:VW;;410VOQ
MML]"`]^RSD3SGC3-0@/->_`!XZO)OY@,##`II\PRR["RRHJLIL2BBBFDK(KJ
MJ*"``FK//_>,H"><+OB@)$=+$HFBAR)RJ!%00PWH#X+V8+6>>MYP0PTU:'V#
M#6.RP$(,6FX9PY8K>-GFEF&>X/8)2D[9(P@AU%VWCB&,X,'^!1R,<`$(0EI@
MP06$7U`!!19T<$$$$51P@05",AX!!0\\,'GC%1P^P004=/X`!1A0L+D##FQ`
M.NFCCW[Z!J:S[CKK'Y0@>PDPN%"[[;7?#L/N.N"@@Q`Z!!_$$#H,L<@0R"-/
M!"..+._(\\]CLDDFF6"B"2;2;Z+])J*,TLHHX(]22BNMI,(*.P(Y4THHHJ#J
MB2:>O`__)9I<4DDEE^0/R?Z05(()_XUP1",:P0A&$-"`!%R$`I$W*",@"@B'
M,$*@`C6H(`"J!SO(`9_N=(,>\,!.&8P!U[@&-C>QP$INBY*53%"E*8&`A2$0
M00A>&"43R)`#,P0<!^BF@0MTX(?^'="`X`Z'`0E0P'`1:$`#(C"X"C!.`E"4
M@.0H<#DI6@X"E8,``R#PQ`@P8(N5^^(#&K"`!"S@BQ!08A8;\,4O-L!RAD/<
M`R"`Q3>.40$*6(`>&=``""P@CPM88@7(2,9`DA&/2BRD'1EPQD:6,9!N9*,:
M&Z``!BC`C'K\XP+&&$A-OI&1EDP`(#.Y1$J>48F,/",G*\?),_)1CX74)`,J
MIT0%+/$!>JQD*CN9R#_B,9.Y_.(9TVC'3(I1BY6T'`6P2$4*2,")JJ2CY+X8
M`2V*48H1J%P$)##')VXQFX'48@4Z$`$?@N"</N2`.NU6-[K)D)UR@QL+H^0V
M%71)!F+^JP&=YJ3!'?3):E83%*(BB*@A#$^!"F0$$18Q0$L,L!&6N)]$-5$)
M35A4?J(0A2M<48J-HJI4J6@%*_[#BI*6%!;+(,8R5NJ,91C+62"CUC7($RYL
MM`,;V$@'-K*ACFSX]*8^M>D[ANH.HK[#'4@E:C[R@=1\Y,2IK.&-5(4C&>A8
ME2.108M4E@I5Z^3C.F"E!SS@@52DLL,=_\@.=]C1'?"XU3O?\8YXY(HOFM*4
M7O(RC[RDI8V].LM9Z@&9Q9K%+&<9:UC3.*QB%ZM89@S+L<Q8!F1=FI_\M!2R
MCJ5L99T169;BY["6!2UC.3M:QB866B\M[&`K-MAI/.Q:\O+^EKKNJHUVX0NN
MZ7BK.MBJUMZR0ZR]M8X_\$$/L'YUJ<+%QU""<U6&2*<YS'7(<Q,R&H+TAC.B
MR<MML$N7SFC7+K"Q25'(PA?M$F:[X`V*7`"37?:ZA#C.T<QTFTO?C$37(O-%
MSG/[HM[8Q"6]6B7O6MI2WMG`%RBKF>IYI]H8@5Q7(?>MKX0G_)P$&\0WW>VO
M@M>[%PT7)KW;;2^'O\M>SW@XPW<)38--S)G/'&;!ZBTQA(=#X1K;^,8XSK&.
M=\SC'OOXQT`.LI"'3.0B&_G(2$ZRDI?,Y"8[^<E0CK*4ITSE*EOYREC.LI:W
MS.4N>_G+8`ZSF,=,YC*;^<QH3K/^FM?,YC:[N;Y1!4MELE+=-]O9RODU28?O
M7.2M,#G";P:TA`7-YT(C.1V4B)\HLB&04G@B%)]8!CX&0@U*%*D@XA"%,RJB
MCE-=NA_L2`4J-KT3:PP$'^I@"684(XX\0\3/$G%U;F3-D%6((\KT8$4^*@**
M=!B$'JUFC%&L(X_A:F4:J1Z(-5AQG(&XIR;T4,]ZJC%I*?N$QE3U,2H`0(``
M`$`$Z+L```8P;DD`Q08`0,"M">()`*@@Q@_Q00AV\`B=4$($0*`$0:H1`YT0
M(P:%F02IJ^I@@Z!B&L[M1Z+AW1!G5,D$`Q^(.HCA$%"4*1("H48,3(`(G3@C
M!?HVR#_^'E%M@2Q#!3.H`0N*1.B*K$,17:)$M9T!"H*P@Q2X@84-1B`#9ERD
M`J1HB#]647)\P&(GDNB3K_L1"E-+_`<IV(&O__$)G=`C$K\U`@9W4`-4%(04
M$?<'(O39@QP$72&D",'1"\(*$Q0$%$Y/!P?,;7,@Z,0$GBC()T2@@AHX72#X
M0,1Q(B$V&82`!2571PU4$`)6"$01'&"!"2C>CT.$B0<W(4;?=Y`X]"FYY0C9
M1\(%LY4'<X4?^NB'/HJR#W_L0_0%X0<_O"$/@>@#'."H?3_BP8UYQ,,;_9!'
M[R-RDU0$(`BPL``!@LX!`Z`B$0-0@*G3$8$"!$`19:$$`&3^H'I:^\,$""<(
M#OY.Z10,)!4A.(@GPA^11S`#'Y'8;P32/Q$1/((?E/C$7YS1@WXLX^BX@0\I
M``O-`FHA(`GJD`)`(!#T\`AN]Q?LH`'-)A#6``N2MPSD)Q'+X&O350T<X`.L
M4`HAH`*3Q@H"D'<W80T@X'D%(0D7\`C+<`@+2&L$T0%>-UWX8`&;EH+]=Q/.
M(`*HX`F>EP*I0!4<<`/3X`-NQPXCX'GIL`";A@J@L`J(<`"?)A`XP`DVMP``
M$``$```U<!?10'[ID`+]EV"/D`,$`0L*P'X]`'!<\0CZ=A.2\`-!P0H=``MB
M]X`"X0,5(!#LL"[IT`%T=Q,UT'_^RU`!Z;`,#4`-_4`*'=`/UJ`"].`/*?`(
M4=$/(Q!R2;8-O5![WB`,J0<.NL`+O;`+HN<-J-@/O%`+O5`+NE![NR`,-J$+
MLP!\`D$.LU`+NW`+\3`+M#`+>+"*\O`*<H`'>$`'W]`/W(`':7`+_C`,<H`&
M<L`&L]`/A:`&T[@&W%`0WH`'4R`'S-@&5Q`%:Q`._3`+6X`&4A`%=.`&6Y`&
MW?@0-X$*U_</&!``7M<!!<`.RX``!;!IB%``(A``'E`0[<8"_>`#'&`#+X1P
M^/`('!`!5S@0['`!*8`(U48-$9`"6L@5U)`".H$*(M`/^#`-J1!^Z^`/Z3!I
M^.!TSD#^>>R@#<20:LR`/I/F#!Q`#$['#^F`%9(@0H[G#YZW'391#2Q8$)?X
M800A@S9A'08!"PM0"IY'"6HHB1VP;LX0A@;!#B`P@0-!"=AW$3'@=8YA`A\I
M$"J@AJF``!=`:M1@`B4W$(F8@181`D7($.P0``!W$XA0`3H!!"$`EC8PE"8)
M!)/V#Q1`#_^`>`*A#AS@B`-A`YQ(&$!P=@.!:`,0`<20E)47"F4Q"0M8$#5@
M;C>Q#A50`-4`%)Q@`VN8`*9V$Z6@D$`1`YAHDBG@>;!@`""0>D!AE05'#2'@
M>3+P"8APE?[``=/@"377#ZEP`@6G"#O`9(*0!+O@#W*`!,/^T`]Y@`3&\`5(
ML`O]L`9%(`S@,`518`Q@$)[R$`5=,`_>,`5/0`Y`L0U/\`1*$`;=,`5,0`98
M@`1[T`^T<`1D4`58<`2R(`]<X`1G0`C@(`5.,`9>D`1YT`]LX`1D4`9.0`<$
ML0]K<`1V0`CQH`9,8`=E4`1PX`^!D`1N``A5T`1V,`9'\`H200H"D`$-4``L
M@#X<<`#-!P`LD!,5L`#L@`$!R17:YYHA```6P`)`V@]!```-P`*&21`G.0TL
M,)KI``NL$`(H*!#3\&X"D0HEN0P?&`*ET`\G(`V4D*:2,)V(T`-&@'V=P``V
M,`V38`)>MP,Q:0!&$`.K"0O]-A#^^J`"XL`*<.@#C@@$)+<#9<=^^Y8"*E`*
M,V$$/I<#XD`-1M`/)L`!^.`)&%1O7)$*5A,"/K<#<ZBFCM</Q$";!<$.'@"6
M-Q$)B2`4B@`HFV8-.>`#@>@#4(-PSJ!U0$`/[/``N4FJ/A`*<RD0L``"4+$,
M%]`/I9`"TZ"<_1"7R]H/.["I59$.0-`#AX!QQ*`(AY`#FS8-5J,(1G`3E.`#
MBO``CI<*-O"M/F<0K!`!D0EJ%6`!3L=U)S":_4"E!2%ZRV`!_4`/%B`)GQ`*
MBK``JSEID2"F!=$#-0<5K```%9"4'9,#B,`,2]</C^`#,78"ALD"4+>#_3`)
MTSD3ZD#^`8<GJL2P`G&X`C?!#)Z*E9YP`I/F@R'PL?V`"GS8KJMP`;[F#!3@
M#T!`>>(``D['##W[>?TP#EGP!L-`!5A`M5DP!O:0"T[P!L(P!5=+"TH0"/R0
M"T_P!KKP!%.`"WMP!+9`$-M0!5*0"\I`#EEP!\I@#'([#&H`!<F@#&-0!-_0
M"T<0".7`#[J`!&U0#LD`!>+8!DC0"^7P!6E@%[SP!&Q0B=S0!%9P#_6@!E$0
M#H%P!+>`#E5P!>XPNK?P:H]8`!9P`!&PFOW0?"M@!*4P:9UP``L@`P80`#/`
M%9T``*YI`@%P=`B@`NRP``8@F0HA#B:0;.D3`G9!#>]V$VW^][/FI@B_"W'I
ML`,760VL,`!.,P#B,`EPV`,IL`[]4`/$(`X*2:K]``)?JG`4@`J44`#Q2@G5
M$`'L,`,4"00@$!W3@`,+R`)%:`+60`SF=PB(P`H%X`FK@`"5"12H$,`XD*HG
ML`H"\6\'L0XA,)<W\0B((!"((`GZX`Q,NPP/D`[LP`&WBPH6P`^3X`/^L`)Z
MP*FE0`TS8`WKD`,`.Q"DX*HW00T5``^IP`']4*VI8`TBD*TQ@'%#H0\<H`CX
M(`E_>`@-P`Z/(`+^8`&B`'\&T`^1P`'K@`H&P%D8``WKH`"IRA6-`@K0B0/:
M6X1*<0.7)K!0P0P+4"1>&0KF0PG^"R"9J#"<!W&9!I$*`'`!+,@/*\6QOW!K
M(3R#!,$!E^8#(QP#",>N_2<0,H!]^,!Q_B>Q`@$$(L`""5!SG^P,ZS`".I$.
M(+!V0,$*YD>'TTD))V`"!*!_?$!Y<8D^R5DD-*ACN3`%6F`%=T#,3=`+1!$'
M5-`%5Y`'55`%:A`/-G',5(`'=4`%5.`&J;<-N.`/W8`%:C`3\3`%;^`/VY`%
M4K`-8'`%X1`/;*`$WY`+1;`'KY<+2G".N]`$%<H&34"+7[`&_5`+:/`-Y``%
M5C`,X-`-IWL+NQ`%;*`/JBL/5F`%Z9@$M>!J-P$*`/`(/0``*3!I%U``'"@0
M*>"Z3%3^`!&@OC<1O$H*`$5R`.9W`0%`">*`#Y1@`O5JDM9P$[!@?O2P=)\`
MAP+ARM6F"&$("D&G"-RG`D5B`QRP@)T``E*(<Y*PJ0+Q"2?`#NPK#BHP7"+P
MIT.!#V$="90P)J#&`B=P"/W0`2H@PJ!9$/K@=-:@`?HP`YN6`N)`#&&8")1P
M"`M@!(ZZTUQA#6Z7")L,F;*[#%Q9$.O0Q'_A-#;!`DX7`ZG@#`#'"@&LEM/P
M"8[G`].)`],0"GGG?R59$-80`9!\$Y-@?J*PV<YP`8<`V7=Q"+3)$\3P`.BC
M#N\&-?V@V2JX:Q<I@+=Y`LP0"5PI`_,+%#>`<2+`"1V`#S7^,`E`,6F3$-<"
MRQ75T``HJ'@#(0X6X(@M['B),1,]$'0)9GR*;!"(`)IVD0B2/!!JUP_28`"L
MX`P=4+$@RY7^$`*D-G:_S7TXL0X4<)4U\`#$\`@4*1`QP-:HS0')!G)/:0(B
M^X@AUPDRJW`.SF3^8+=(,`?C$`9*$-$"80Q/,*/W4`5(4`M$X0_(\`1(X`V]
M@`1;H,S<N02[T`U(P`4SX0U9T`1<8`5',`?]4)U<(`4P+@SH$`94(`5S@`[K
M&053@`05"@9'P`O\X`5NP`]?L`1$+@A/L`5LX`^V<)]/4`3*+`A'D`OZX`5A
M4.1.D`L,AW8!(`GT$`$```3ZT`#^`>!KJ;<,!*``#PL"'0T4E2"\_D#HCD<`
MZ4<*!<!M70H`/``4[!`"D>`)'=`)20P"<D@!L"P0-I`"K!`)"-X/GR`*E1>&
M\PT*!>"(ALT,U@"G_<<.1H#?8;H,SCMIAP#3!+&5%AD!FV8#!G`<0!"&S@":
MTZ"^@%@!K(`//F!^,A`)ZA`!\(`*YF<$D9!\Z/,(CG@3GC#"^!`#"S@-'8!P
M.!"&Q2?*0*$.M$T0#B00/P":Z7`!X`MPZ>`!OB8-$>`/D^!X&L2IG+7)@FV2
M6`$$'+!T,.QSGQ#`-]$,KNM>7DEWZ^`,[%`!1;(,Z=<#Y@:)Z:"(K+H`_9`#
MKJD.#]#^V=':#QBPW#9A`D6B?=@G0?T@">(=`N&'QX#(`5_*V\K5#]N-<`T.
M8P.!`VEZ%XB\WFR'LB0LLEBA`D='"BEP`S!``#)0;9$PG3?Q["\)`FE:"NC.
M%:#``L=!#PZD""QP`/I&">8G&37@`SA-R`HGDH]I`L_`#!?@==,``LK.X?WP
M!V>0#/U`"&>`#*MV#H`@!L#W!W90#P-A#W_@!_90#V4`"/8@$(0@!MV`#F;P
M!ST^!6-0^()`G_<`"&;@!X,`"./0#\D`"&4@YZE/^H-0#/U@"(2`#OQ@",;0
M#\8P"*=O#\4P"+?/#[WO^Y.?#(9`^\>`#%%[#/<@$?#@#+[^E@[W[0\M-130
MSW[54`KLEPXYW`_.@`KHDPJ7Y@RWJ@[.``3D9PU\<`B?%JR(`*F`1_;F*A#5
MT@_,X'6=X&OT@`HZL0QCXG6P8)8`(4F$IWZ/K*V+U*]?J10*^_GK!PN60HB1
M.O5S1K`?OATG4DRL4>JA0D\50J2HAO%$B$?]EB'J)XF@#Q,L<K!S2"V%"A,W
M%9(:D2)&.H?$@#A$FNX$1*0%*2FT)N(&B):DCO:C%*)&"%!8B?7;8:1?C67]
M5K"H8<):/R"L1CX$4D&&"@YN^X%J.))5PW4]\"5=D2)'A:.4(O"X$(+MTU`7
M^AWJP,."`G_6(N!00<!9OQ0A<@S^:/56(3P.Z_JE"T'4TXU^>BKP".&CG[AJ
M$38[7"&@!@L;]-C9<&BM@K5_*7`V=9AC%7)6`T`<1]YT4DNF"G=(>NMOQUI_
M_D@E&LD1!(BG_5:+]L?B-M*^"GLPB]Z/G8\4-:@Y]#'M[:D4)T3V0V62^`8D
ML$`##T0P0:3*408B<Y3A!RETS%'HG'.0\N><<OKAYQQ['#K'''[X*>?"?N*9
M8@Y[ROE0H7K0J<<>?KKKIYYS(NS''AE'Y!!''^M!JD4.Z\&Q*1XY5#!))9=D
M,DE_](FNNJ98^,]):XYCYR^DU*&F.G;6>N@O?)BBQADI'W+F/J2L64\A?.B)
M+IT4SNS^9QTX%1(GE-OP,4TA9T)1,\O3U#GM+WA2204G=4(`<\U0$G6(GD85
M(HJ2')#S!Y9/EH&(GXR<62L=G-C1KQ]6/''&S'ZL`<49:>"D)Y12IH'.(7^Z
M5$@=B-A1TYE6-^I!A$2J\V>995A!)97N&KWUR3[CV\$NI.B99E("Z;D3J4=D
M:(H=8K-5B!JB(IP!)BG!Q=#-`KTM$!\MFX0W7GD/+')>Y+S!8@_1FJ(SNGKM
M!=A63-,ML%\"_PUXR6I40#=A!0UN,AT;H'0X2HP$Y!=!B`YILV*'OX087A\F
M<IB9'>#%H52/5V:Y99</O,>69)!\N6:;;Y:739QQ?I;)D&UB98K&*']6J&&@
MCR;P3*6)SIBB@A]B>D!V*ZY5R7=WQCIKK;?FNFNOOP8[;+'')KMLL\]&.VVU
MUV:[;;??ACMNN>>FNVZ[[\8[;[WWYKMOO_\&/'#!!R>\<,,/1SQQQ1<O.R``
!.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>54
<FILENAME>g147201kb07i001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201kb07i001.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T-
M#AT5%A$8(Q\E)"(?(B$F*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_
MVP!#`0H+"PX-#AP0$!P[*"(H.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[
M.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SO_P``1"``]`34#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#V:FT$^]<]
MXN\76GA:Q\R3$MU)_J8,\GW/L*:3;LAQBY.R-F\OK;3X6N+RXC@B49+2,`*X
MO4OBWH5FY6TBGOF'=!M!_.N.>RU#Q+'_`&]XLU)K'3LYC4_>?V1?ZT0>(M-M
M9/LGA;PPL\@X\ZX0R2,?7`KHC27J=T,-'KJ_P/7]#U1=9TBVU%(S&MPF[8W5
M:OU@^#KO5+O08WUBU^RW08CR]FP8[<5O5SO1G%)6DT+1244B1:*2B@!:*2EH
M`**2B@!:*2B@!:*2B@!:*KWE[;6%N;B[G2")3@NYP!4-AK&G:H6%C>PW!3[P
MC<-BG9[CL[7+U%-YI:0A:*2B@!:*2CF@!:3-%9GB'56T31+K4EB\TP+NV9QF
MA:C2N[&G2UQ'@SQ_+XIU*:SEL!;&.+S`P;.>:[4'BFXM.S'.#@[2'44E'-(D
M6BDHH`6BDS1S0`M%)GVHH`6BDHH`K7=U'96<UU.=L<2%F/L*\9MIT\2:Q?\`
MBK7,G3K)LI%_?/\`#&/ZUWOQ1OFLO!TT:$AKEQ'^'>O/M3M'&E^'O#-N<27>
M+B;'=F/&?H*Z:,=+]3OPT;1OWT^0)%-XIDF\0>(;DVFDV[;45.,^D<8_K5NR
MUC6]6<Z=X,TI;"U3@R(OSGW9SWIMS8MXI\6V_AJP8QZ;IHV,5Z#'WF^I/%>N
MZ9I=GI%C'96,*Q0H.BCK[FJJ5%$NK54$EU[&)X*TC7=(L[E=<O1=22N'0[RV
MWU&:Z&XNX+2+S;F9(4'\3L`*D<K'&SL<*H)/TKP?7-5U'QKXH^RQ,S(\WE6T
M(.%4#N?6L8P=1MG+3INM)MZ'M5KXAT>]F\JUU.UF?.-J2@FKY88S7AGB?P#?
M^%K*+4#=)/$&"N\8*F,]C7>?#;Q)/K>B36MY(7N;/C>3RR$<$TYTDH\T654H
M*,>:#NCK(M6T^>?R(;V"24=420$_E4=QX@TBTG^SW.HVT4O]QI0#7@*RW=MX
MBE?3G9+IKAXXBO4DG%:_BCP/?>'--AU&\NTN#.V)``258\]3UJ_8*Z3>YK]4
MBFDY;GN+WD$4/GO-&L6,[RP`Q]:KV>N:7J$ACL[^WG<=5CD!/Y5XOX:T36_&
M$']EQW[1:?9_-\Y)`)[>]94]O=>%_$QA27;<6<ZX="0&&1^GM1[!:J^H?5(W
M<>;5'T)<WMM9Q"6ZGCA0G&YVP*:NHV9M3=BZA,`Y\T.-OYUQ'Q7/F^#K60_Q
MSHQ'U!KA?#6A:QXLM6TJUNA%8VK&1B^=H8]L#Z5,*2<;MF4,.I04V['MEGK>
MF:@Y2SO[>X<=5CD!-6+F]MK*/S+J>.%,XW2,`,U\]:C8:AX4UTPM)Y5W:D.C
MH?E8>OT->@>/]0&K_#K3[[C]_)&S#W[_`*T2HV:L]"IX9*44GHST2UOK6]5F
MM;B.=5."8V#8-1W.JZ?:2>3<WL$,F,[7<`UY]\&QBUU/!X\Q>/PKG?BNJGQF
MV1_R[I25+W^42PZ=9TKG>_$QTF\!W#HP=&>,A@<@C(KDOA+>6=A>:D]U<Q0!
MD3'F-MS^=;'B+_DC=KGD^5#_`#%<1X3\(R>+IKB*.[6W^S*"2RYSFM8Q7LW<
MWIPC["49/J>]0SQSPK+#(LD;#(93D$51N?$6CV<ODW.I6T4@ZJT@!%</XIOK
MGP1X*LM"MKG-W*IC\]>"$'4CWKF?"WP^N?%.FRZDUX(%+%4W?,9&'<UG&DK<
MS>AA##Q:YI.R/:H+N&ZB$MO*DL;?=9&R#^-1W.IV-FXCNKN&%R,A7<`D5XSX
M(UB\\-^+5TV>5OL\TI@EC9N`W9@*O_&!`=?L@W/^CG\.:/8OGY0^K/VG)?<]
M4N]7TZPA6:[O8((W^ZSN`&^E2R7UK';"Y>>-8"-PD+87'KFO#M)\,Z]XW42K
M,OV>W00I).QVC'8"K/Q"N;NVNK+07E/DV-J@(4D*[8Y-/V*<K7*^JQY^1,]8
MB\5Z#/)Y<6K6C/GH)15/QVRR>"-1*$,/*X(Y[UP>G?"U-5T"WO[75T\^9`VW
M;\B^W'-=5K>D?V'\+;C3O,,K0P`,YYR<\FI<8J2LR'3A&:47U./^$9"^)+IF
M(51:Y.3TY%>J1^(='EN?LT>IVK39P$$H)KPCPWIVHZQJ0TS3)S"TZ8F<'`V=
M\U+XI\+S>%=0CM);E9?,3>DB9&*Z*E)3GOJ=E:A&I5UEJ?06ZJUQJMA9N$N;
MV"%CT5Y`#7*67B6>S^%L>LS/NN4@VJ6_B;.!7EVCZ/J?C'6GB6;?<./,DFF.
M0HKGC2O>[T1QT\-S7<G9(]^EU"T@@%Q+<Q)"<8D9QM/XT0ZA:W%N;F&XCD@&
M<R*P*CUYKP?Q)I>K>&V_L&^NC+:MB:/:258^HSTKM_`HQ\,-0P.,2\?A3E1Y
M8IICGAE&',F=];:I8WF?LUY!,4&6\MP<"DM=7T^]G>WM;V">6/ET1P2OUKYW
MTJ:^CD:UTUW6:]7R62,X+@GI7>Z5H6H_#O3;_7;Z2%GD@$<<2DYWD\9-.5%+
MJ54PJ@[<VK/2[W6--TTJ+V^@MRW02.`33[34K+4$+V=U#<*.IC<-BO#O#?AV
M^\=:M<R7%ZRE!OEF;YCD]`*2ZAU#X?>*Q'%<$F/:V5Z2H>N1ZT>Q6U]1_54_
M=4M3WNBH+.Y2[LH;F,_)*@<?B**Y^4X&VG8X?XPQLWA>!P/E2X!;\16"F&^)
M&FR<,JZ>K1_A&<5Z%XNT?^W?#5W8KCS&7=&?1AR*\IBOGCM-(UPQDSZ._P!D
MOX_XE3/#'\,UU4I+E/1PTKPL=-\(K9'&K7[\RM-LSW`R37I8/2O,?`]W#X?\
M4WND2RJ+74B+BRE)^60'G@^O->FCK]*RJ_$<V(O[2[*VJ[CI-YMZ^0^/^^37
MB'PZ*CQMI^__`&P,^M>W:G?VMA:,]V^%;Y=@Y+9[`5X?KND7_A77!J%GN%N9
M?.M;F,94=]I/Z5I1U3B;X1^[*+ZGJ'Q)*#P/>E\9.W;]<\5QWPB#_P!J:FP^
MY]G7)['FL'7?&FL>*X(;&:--@(81P*29&]Q_2O1_AUX9FT#1)IKU-EW=_,R?
MW%QP*;7)3Y66U[+#N$MV>7Z5_P`CU;<9_P")AW_WJ]&^+O'AJW_Z^!_*O.=+
M!7QW;@@@C4.<C_:KT?XO`GPQ`0"<7`SCZ54VN>)I5DG5IE/X.#_B6ZEC_GLO
M7Z5Q/C;_`)'G4O\`KX7^E=O\&S_Q+=2_Z[K_`"KA_&^1XZU'(/-PI''TIQ?[
MV00:>(GZ'??%'_D2;+_KI'_Z#4/P=*?V7J`XW^>"1WQCBI_BC_R)-EV_>1_^
M@UP/AG7M7\-I<:AI\'FVSD),&!*ANQ..E3&/-2LB*<'/#-+N;'Q:*?\`"518
MQ_QZC=[\FIM7W?\`"G]*W?\`/88_,UR\TFJ^,]>9PC3W4Y`Q&O"+_0"O3?&7
MAJ9?A[!I]BAE>QV.4'5P/O8IMJ*C$MM4U3@][F=\&^+74A_TT7^5<]\5CGQD
M_/2W6LSPSXOO_"SSQV<,<HGQN20$,&']:J^(TUB2Z&IZS$Z2WRETW#'RCC&.
MU:*%JCE<N--JNYMZ'HGB+_DC=K_URA_F*SO@Y_Q_:I_US2MK5;"XO_A!!#;1
MEY%MHWV@<D#DXKS30O%&H^&)IY-.V!Y5VNLJYZ=/QK)+F@UYF4(\]&<5O<ZW
MXP!_[8T\DG;Y+8STZC-4?#.B^,[_`$9)]$U0V]FS$*GF[<$=>*Z3Q1I-WXR\
M%:=JT$6Z^B3S&C"XW@_>`KD?#OCS4O"=A+IALT=0Q91-E6C8_P`ZJ+;I\L=Q
MP;='EBE==S2MOAQXF_MB&\N);9G$RR2L9,DX.<T_XP?\AVPR>?LYZ?4U2\$Z
M;J_B/Q,FHSRW'V2.0S32%B%8_P!U?;_"KGQAS_;UB=I/^CGD#W-)-^U5QQF_
M;QYGL=M\.8EC\$6!4`%PS$^IR:B\:>!X?%"I<P2_9[Z)=JL1E7']UJG^'9SX
M'T[_`'3_`#-<IXN\:>)-$\5S"UB=+",*JK+%E'/<@UC[SF[')%3=9\KU.5W^
M)?`6IB/<]N2<A"=T4HKT#4_$,?B7X87M_&AC?9MD0_PL#S^%>?\`B7QC?^,#
M;02VJ(86)1(06+L:["WT.YT3X2W\=U&5GG4RM'W4'H#6U2VC>YU54K1E+XKF
M/\(0#XFN>./LO'MR*F^+_P#R'['C_E@?YU#\(2/^$FN>"/\`1?3W%3?&#_D/
M6)P<>0><>]-O]\-O_:B:^W'X)6NT<97/_?1IOP?*?VIJ>2-WE+CWY-;NA:0=
M<^$L6GCAY83Y>?[P.17F>EZKJGA+6#+&ODW464DBD7Y7'<4H^]&40C:<)P3U
MN=G\8BOVW3/[^QR1CM5_P*?^+8ZAWXD_E7":W?:UXG$FN7L#?9X<('52$0'L
M/6NY\!L&^&FI*/O#S<@?2B2Y::0IKEH1C?4Y'X:QK+XTLMP!VQNP'H<5WOQ9
M#_\`")Q[1\OVA=V*X7X8G'C6T&#GRG[>U>N>*=$'B#P_<Z=G#NN8R>S#D5-2
M2]I%F=>:5>+/'O".F^)-1-T/#]Z;7RROFC?MW<<5JZA\//&&IS>=?74%Q+MV
MJ\DO(%9.AZWJW@'5IUFLCN<;)(900&QT(-#W>N>//$FZ`RQM,0K")B$B3ZUI
M)R<FT=,W-R<E:Q[5H5I+I^AV=G<,K2PQ!&(Z9HJS:6XM;.&W4EA$@7)[X%%<
M+;N>+)W;9.1D5POB3P==1ZC+K6@QQO),NV[L).([E>_T-=WVI,9JE)IZ%PFX
MO0\3,,$<1L'0K`C;EL;]C#-:M_TREZ$5N6>O:O9Q+$NJ3&,#"B;RG8?\"SS7
MI-Q96MTNVYMXIA_MH#44.D:=;/NALH$/J$%:.I?=&[KJ2U1QECI>J:U,)Y/,
M(/6>;ICV!Z_0<5V5IIUM:V8LQ'YD8ZF09W'UJZ!CBEK)RN82FY;%.#3+&U<O
M!9P1MZH@!JUCUIU%*[)=V[E;[#:!_,%M"'!R&V#.?6I)(8IU*2QJZ]<,,BI:
M*+CNR&*VAMP1#$D8;KL7&::]E:RN7DMHF8]2R`FK%(>E%V%W>YP?Q;&/"L(Q
MC_25X].#6?\`""-);'5(Y%5U,B[@1D=/2NW\0>'K+Q)IXLK[?Y8</E&P<U!X
M;\+:?X7BG33_`#,3L&;>V>:W4TJ?*=*JKV/(:EM8VEIG[/;1Q9Z[%`S4^`>M
M.Q16!RW;W*?]EV`F\X64'FYSN\L9J66UMYL>=#')CIO4&IZ*=V.[(UC5$"*H
M51P`!P!58Z1IQE,OV*#>3DMY8SFKM%"N@NUL,5%5=J@`#H`*KSZ;8W+AY[.&
M1@>K(":MT4KL5VB..&.%`D<:HH_A48%,EM;>X(,T,<A7IO4'%3T4!=D<<4<*
M!(T"*.BJ,`4DL,4R;)8U=3U#`&I:*+L-2I#IEA;OYD-E`C^JQ@&K#HCH5=0R
MGJ&'!I]%&H[LKQ6EM`VZ*".-B,$J@!I9;6WGQYL$<F.F]0<5/11J%W<CCBCB
MC$<:*B#H%&`*@GTVRN7#W%I#*P_B=`35NB@+M$'V6`P^288_+_N;1C\J6.V@
MA0I%$B*>H50`?PJ:BB["[*\5E:0N'BMHD;LRH`:L444"U97N+*UNQBXMXY1_
<MJ#1;V=O:KMMX(X5/9%`JQ11<=WL`HHHH)/_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>55
<FILENAME>g147201kb07i002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201kb07i002.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``@&!@<&!0@'!P<)"0@*#!0-#`L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+#`Q-#0T'R<Y/3@R/"XS-#+_
MVP!#`0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P``1"``P`/P#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P"'4O&][/J5
MR\HE9O-<?ZY@``QP``<`8JK_`,)C<?\`/.3_`,"'_P`:Y^\_X_[K_KL__H1K
MMOAQX)/B&^&HW\9_LRW;[I'$[C^'Z#O^5>6E*<K(^^JK#X>A[2:LDCO/A]IE
MW=6J:UJ*2Q;^;:)I6/R_WR">_;\ZG^('C>+PS:I9VV)-0N!PH/\`JD_O'W]*
MV_$_B*T\*Z')>S8+`;((1P9'[`>WK[5\WZEJ-UJVHSW][(9+B9MS-_0>@'2N
MFI)4H\D=SP\!A7CZ[Q%5>XME^GRZFZGC2[B<21B9)%Y5A</D'\Z^@],N7O-(
ML[IP`\T"2$=LE0?ZU\J'[I^E?4N@?\BYI?\`UZ1?^@"EA6[LTS^E"$8.*[G'
M)\1[Q_%__".#1HOM'V@P&7[3\O'5ON^G-6O&?Q!/A+4X+-;".\,L>_"S[67G
M&",'KVKS;4M5CT3XLWNIRHSK;W<C[%ZL=I`'YD5T'P]T23Q9K]UXKUATF\N;
M]W'G.9.HR.RJ,8'^%-5)M\J>MQ5,#AJ48UYQ]Q13M=ZR?S/4M*NKV]TF&ZO+
M-;2YE3=Y!?=LST!.!SZ^E<9I?Q(O-2\5KH']B)'/YSQ2.;G(7;G<?N\]#7H5
M>'^&/^2U3?\`7U<_R:M:DI1<4F>?@:-*M&M*<=DVM]/Q/1/&OC"Y\(1VUP--
M6[MIV*;A-L*MC.",'J/Y5=\)>*K3Q9I/VN!?*F1MLT!;)C/;GN#V-<K\9^/#
M-C_U]C_T!JX>W.I_#?Q#8WZ[I;*[@23C@31L`64_[2D_R]:B564:FNQTX?`4
ML1@TXZ5'>WG;IV/7/&?BBX\)Z=%?I8+=P-((W_>["I.<=CD<5H>'-5N-;T.W
MU*XM4MOM"[TC63>0O8DX'-<?\3-0MM5^&\5]9R"2WFGB=&'IS^M6UU>30_@]
M;W\)Q,EBBQGT9L*#^&<U?/:;UTL<OU52PL+1]]RY>I;\2_$?0_#DSVK,]W>+
MPT,&#L/HS'@?3K6(?B5KIMOMB>"KW['C/F%FZ>OW*Y_X2^'K75;^\U>^03FU
M95B63D>8<DL?4C^M>TLRHI9V"J.22<`4H.<US7L:8F.%P<_8\G.UNVVONL8?
MA+Q*GBO1/[2CMFMAYK1F-G#<C'?\:Y36OBF8]9.DZ!I;:C<"0Q[RQ`9AU"@<
MGZ\5WUL+%%>&T-NF\EBL.T9)ZG`[^]>"A=2^&_C<75S:>:BNX1B,+-&W=6['
M'ZTJLI12U]65@,/0KU:CY=4KQBW^IW'_``L/Q+IVIVEKKGA@6T=Q*L8D5V`Y
M..#R#UZ9KMO$NK3Z%H5QJ<-JMS]G&YXS)LRO<@X-5-`\8:'XIC"VDZ^>/F:V
MF&)%QWQW^HH\=?\`(C:S_P!>S5:NHMIW.>:C*O"G*ER.Z36NNIQ=O\7KZ[5F
MMO"T\ZK]XQ2E@/KA*U-%^+>D:A=K:ZC;3:;*QVAI"&0'T)X(_$52^"W_`"!-
M3_Z^5_\`0:L?%GP[9W'AY]92%$O+9E#2*,%T)Q@^O45DG4Y.>YW5*6"^M/"N
MG;6R:;W?DST4$,`000>01575+S^SM*N[W"'R(FDP[;0<#.,]JX[X3ZS/J?A5
MK:X8N]E+Y2L>I3&5'X<C\!47Q<UG[#X833HVQ-?R;2!UV+R?UP/QK9U%[/G/
M.C@I?7%AGWM\O^&(O#/Q5CU_7K?3)],^R>?D))YV[YL9`Q@=:]&KYZ\2^&Y?
M"5OX?U*W;$[Q*\I#9VS@[OY$#_@->[Z-J<6LZ-::C#C9<1!\>A[C\#D5%&<G
M>,MSHS/"T8*-;#KW'=?-',^-?'4W@^[M8SIBW45PA*N)]I!&,@C!]171:#J,
MVKZ):ZA/;K;M<()!$K[MJGIDX'.*\S^-G^MT;_=F_P#9:]&\*?\`(HZ1_P!>
MD?\`Z"*<9-U''H1B*%*.!I58KWI-W>O2YKMD*=H!..`3BO-/^%M2MJ,FGQ>&
M;J:ZC=D,<,X<DJ<'`"^U>F5\^Z-K5IX?^)MYJ-\9!;QSW"MY:[CR2!Q2K3<6
MK.Q668:G6C4<X<S2NEK^AZ7X>^(,NN>)$T:?0[C3Y#$TA,[_`#<?[.T5V]87
MAWQ'I/BN.6]TZ-V^SOY7F2Q!6Y&>.^*W:TA>V]SBQ:BJEE#DMNKWU^9\^^&_
M`6H^)]9FEECDMM,$[E[AEQO&X\)ZGWZ"O<&?3/#&AJ#MMK&U3:H`SQZ`=23^
MM?.-UKFKI>7")JEZJ+*X55N&``W'@#-:.B>/O$.B722"_FNX`?GM[ERZL/8G
MD'W%<=.K&'0^FQV7XG%6;DK+9;?CW(?&'BJX\5:VUS(&CMHLI;P'^!?4^Y[_
M`/UJY^OHZ*S\.>/=`BO9+*&6.=?O8`DB;N-PY!!KQ7QGX1N/"6J^22TME-EK
M><C[P[J?]H?_`%ZFK3DO>O=,Z,NQ]&?^SJ/)*/3T.:/W3]*^I=`_Y%S2_P#K
MTB_]`%?+1^Z?I7U+H'_(MZ9_UZ1?^@"M,+NSBXB^"GZO]#Q::QM]3^,ES8W<
M>^">\D1U]MII=-O+[X7^-Y;2Z+/82$"3`XDB)^60>X_Q%=Z/AKM\4_\`"0+K
M<XO/M!GQY"[<GMC/3'%;?BKP?IWBVTCBO"\4T.3%/%C<N>HYZCVJE1EJUO<Q
MEF=!N-.3O3<4GOHUU-V">*YMXYX)%DBD4,CJ<A@>AKQ/PQ_R6J;_`*^KG^35
MZ=X7\-7/AFQ:Q76);NU`/E1S1#]T?8@]/:L33OAI_9WB1==CURX>[$K2ON@7
M:^[.X?0Y-:3C*7*[;'%A:M"@JT.>ZDK+1_Y%/XT?\BS8_P#7V/\`T!JZ"]\.
M6WBCP+96$^%?[+$T,N.8W"#!^G8^U+XP\'?\)>EO#-J4MM;P$L(XXP=S'C))
M]JW-*LI-.TNVLI+DW!@C$8E*A2P'`R![57)>;NM&9/$QCAJ2IR]^+;/G*\O-
M4T;3K_PM?(0BW"R%&/\`JW7NOLP_H:]:FTN76/@Q!:0*6F^Q1R(HZL5PV/TJ
M[XX\`V_BQ8[F"9;74(EVB0KE9%]&^G8UT.@:=)I.@6.GS.CR6\*QLR="0.V:
MSA2:DT]K'9B\QIU:5.I3TFI7:\^_S/)_A!K]M8:A>:3=2+$;LJ\)<X!<9!7Z
MD?RKV6:&.X@DAE17C=2K*PR"#VKC/$?PPT77;A[N!GT^[<[F>$`JQ]2OK[C%
M9T?@GQK;0?9K;QJ_D`87?&2P'U.2/SJH<\%RM7,L4\-BZGMX5.23W33_``:N
M<M\)$2'QI>C@+';2#/H`XKV(C2_$.F<BVO[*4>SJ?_KUR?@WX=MX6U.34)M3
M^U2R1&-D$6U>2#G.2>U9R?#/6=)NYIM`\42VB2L6,;1G')]C@_E2IJ<(VL7C
M:F'Q6(<XU>6R5G9V\^ET<;\0?#5MX.UVTFTFYDB68&6--_SPD'L>N/3Z&O2-
M5OKC4O@_/>W8Q<3:<'?C&20.?QZ_C69:?"IKO4Q?^)=:FU.3(R@!4-CL23G'
ML,5V>O:(-9T";2([@VD,JA"T:`D(.P!X'2E"G)<SM:_0>)QM*?L8.7,XO65O
MZ;.'^"W_`"!-3_Z^5_\`0:E^+7B2S@T)M$BF5[RX93(BG/EH#GYO3)`XI;7X
M42Z?#)%8^*]3MDD^^L0"AOK@BK6C_";1=/O%N[V>XU&56W`3X"$^I`Z_B:%&
MIR<EASK8/ZV\4YWUNDD]_5DWPKT6;2?"0FN$*2WLGG[2.0F`%_,#/XUQVNH/
M'7Q832]S&RM<PN4.,*G+D'U+<?E7L5W#--9R0VT_V>5EVI*$#;/<`\5R?A7X
M?Q^%M8EU&/5)KIYHRD@EB7)R<YR.^152INT8+8PH8V*J5<3-VFT^5:]?\C%U
M_P"%&CP:#>SZ:;PWD41DB$DVX$CG&,=QFH_@WK?G:?=Z+(WS0-Y\(/\`<;[P
M_`_SKU!@2I`(!([C-<#H_P`,1HFN)JMGKEPDRL24\A=C*>JD>E#I\LU*"'3Q
MJK8:I1Q,]='%N[U_K\S`^-G^MT;_`'9O_9:]&\*?\BCI'_7I'_Z"*R/%_@1/
M%]W;RW&IS6\<"%4CCB4\GJ23]!^58Z?"F6.W^SQ^+-62'&/+4X7'IC-*TXU'
M)+<;JX:K@Z=&53E<;]&]SO[>^M+N6>*WN(I7@8+*$8'8?0XZ&O%?!J*_Q?N5
M90RF:ZR",C^*O5O"_AFW\*Z+_9]K,TK,[2/,Z@%F/<@?A7(O\(D;4)+Y?$5[
M'<R.TADBC53DG)QBG4C.7*[;"P=;#TO;0<[*2LG9_>=X(=+T.WN;D);64+'S
M)I``BD^IJY&ZRQK(C!D8!E([@UY\_P`+?M5S;R:CXEU.^BB=6\F<[E8`YQR:
M]#````&`.@K2+?56.#$1I1MR3YGUT:_,^4+S_C_NO^NS_P#H1J&KVN6-WI>M
MWMK>6TL<BSOC*'##<2"#W!&*SMY_N/\`]\FO,:=S[^G4@X)IG:?#[Q@WAC5_
M)N7)TRZ8"8?\\V[./Z^WTKV[7M$L?$^B26-SAHY5W12KR4;LRG_.:^7=_P#L
M/_WR:]9^&7Q`AMX$T+6)C$BG%I<2<*!_<8]O8GZ5T4)_8EL>'F^#;:Q5#XEO
M;\_D><:WH]YH.J3Z=>IMFB/!'1U[,/8U]*Z!_P`BYI?_`%Z1?^@"L7QOX-M_
M%^ECRG2*_B4FWG[$'^%O]D_I70:5;/9Z196LN/,A@2-L=,A0#6U*DX2?8\S,
M<?'%T*?\RO=''Z+XIU76M:F@BN[&.:UOG@O-)EA*SPP!B%D5BWS9&ULXQAO:
MK5UXQBT?QIJ.GZO>1Q6"6UO)!M@8E&=G5B[#.!D+R<`9JM=>%]6U;6=(O;ZU
ML(;W3KSSO[4@E/F/`"V(BNT=00#DD=2*;XE\+ZSJE]XB>TBM#%J6GPVD)DG*
MD,C,Q+#:>/G_`$KH/&.GU?Q'I>A%!?W#(6C:4A(V<K&I`9VV@X4;ADGCFH]9
M\5:-H#6RZC=F-KD,8%2)Y#)@9.`H.>*P?&OAO7?$<7V>U-G]EFT^:"2*:9T\
MN9L;7RJ_.!@C!P,G/-7KK2-6FU;PM=>5:E=-WFZQ,1RT6SY/EYQG/.*`-+5?
M$^D:+M-_=&)2JR,WELPC0G`9R!\BYXR<?H:R-=\6#0/%UE!>W*)I,VGSSN%@
M9WWHR<@KDXVL2>.,9S5?7_#&IW/BEM2LK/1[ZVN[9+:>/4D),!1F(D0;3N&&
M.5XR0.:L:[H6J7>OPWEG%;/!'I5S9?/*4)>0H0<!2,#9^OM0!O76M6%I9VUT
M\^^.Z*BW$2EVF)&X!5&2>`3]*QO$7B4KX"O-?T&ZA<QINCD>,L.&VL"IP01R
M.>A[55;PYJT6F^$YX1;F_P!#4)+;F4B.93%Y;;6QP>A&1[5'=>$;\^`M7TFW
M^SF_U.XEN64R$11M))O(!QG`''3DT`='J^LVVE6B^=,RW$R-Y*I"TK$A<D[%
MY('4UG>'O$GVCP/I6LZK*IFNX4)\F(DR.W0(@R23Z5'K.DZR^O:3K>F):R2P
M6TMK<6MQ*57;)M.Y6"GD%!VY%9,GA#6?^$&T*P"Z;+J>DS+-Y$Q9K><`,I4D
MKD95SS@X(%`'1OXOT*+08];>_4:?)((A+L8X?=MVD8R#NXP1UK3T^_M]4L(;
MVU+F"490O&R'KCE6`(_$5R^H^']3N/!L>G6UEID%VUW#</!;GRX(PLRR$`A<
ML?EQG`R3FNP&2HR,'N*`,3QAK-QX?\,76IVT6]X2FYBA<1H7`:0J.6"J2V!Z
M4WPUJ%W?V\]S-J5CJ-@P5[2\M5V!U(.[<-Q`(/TJ_K"ZB^GG^RO(^U"1"%N"
M0C(&&]20"1E<CIUKG-`\(/97/B*4V\.FVNKJJK96K[EC;:RO)T`#-N'`'\(H
M`V]/\3:3JEW-:VMT6FBB$Y1HV4O$3@2+D?,N01D9%5[#QIH.J6=Y>65W)-;V
M:&2:1;>3`4$@XRO.-IR!DC%9O@W0-6T6()J-AHL;VMN+:.XL4Q)=`8PSDJ-G
M`'RY/))]*T?!NDWFC^%XM-U*.'SDDF)\IRZLKR,XZ@?WL?A0!H6>MV%^]NMM
M,TAN+8749$;`-$>C9(XSGH>:J:7KEG+H5QJDVJ17%I'-,&N/),00*Y&W!Y)7
M&W/<CWJMX0\-S>'+2YMY[@3@2M':X_Y9VP),<9]QN-98\*:M<^!]3TB22WMK
M^:^DO+=U<R("9_.0-P#C.`:`.EM/$.F7MG>74=QLCLF9+D3(T;0D`,0P8`C@
M@_0TRS\3:3?0WTL=T4%@,W2S1M&T(V[@65@"`5Y![UF7FCZSXA\(ZG8:K]BL
MKV]C*HML3(D9`&"S$`MDCD8Z<4S2-&U--$U%;W2=!M;RYA\KR+1"8I2%(S(V
MT$@YZ8.!W.:`-_3=5M=525K;S1Y3!766)HV!(##A@.H(.?>IKYI8["X>!U25
M8V9&9=P!`[CO6!X-T*]T&UO+>>1ULVE#6=H]P9S;)M`*!R`2N<D#L*WK]9GT
M^X2W17F:-E16;:"2.YP<4`<YI/BMX_AQ;>*=84ONM1=3K:1'Y01D@*3V^M:.
MB^)[/6Y+V..&ZM9+/894NX_+.QEW*XY/RD`^_'(%8L'AC5?^%3_\(O)]E34/
ML)L]_F,8\XQNSMS[XQ5S3M`OEU;6)K[[.+74+."W`BD9G4HK*V<J!SNX^E`%
M[2/$UIK-Y]G@M[N,/;BZAEEBPDT1.`RG)_(X."#CFMJN5\)Z9XETC3(]/U2X
MT^6&Q@^SVC0;MTX7A6DR/E(``P,]2?2NDLS<M90->)&ET8U,RQ,617Q\P4GD
&C.<4`?_9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>56
<FILENAME>g147201lii001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201lii001.gif
M1TE&.#EAR`!H`/<```(!`P8&"0<("P@%!P@'"0D*#0D(!0L-$@<*$@X1%0X3
M&1`-#A(.$102%!D5%AP:&Q86&1,0#1T>(B$='B(?(24B(RDE)BHF*2TJ*R0E
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M?(-\>)QD<K=)2KA&6*M)5;=)9;I7=;11;JQ:9L$N.<(R/<$P-,`L+<(S1,,U
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M^OSY]OW]_?#T^>[Q\+_`PB'Y!```````+`````#(`&@```C^`/D)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+!O?AX[>/7[^.'$'N^R@2Y$21`O7M6ZDO9,>6
M`DU:E(FQILV;.'/JW,FSIT5E9"A10B2TDE%+EC9AVI1)D]-0HTY)XU8/XK53
ML*(Y>^8LVC-HT*I!DV:-;+5JU[AQ8[>Q(KZW-'W*[=D1!X"[>//JU1N@0`,,
M*TA59;@"@`$#`A`3&&"`P&$!!0X78+"@P8,*'6(H@PE1F@<,%A#-'3W7;@/(
M!0($$`!Y=8'7K%D;<$W`,`IH'',?+%P@M@`"`0@0$'`W./````8`O\O`PR:4
M"CN2`5``0(5KNDEKOVF#^N/@JF/^&X"-.G&!"'Z)4_BTL`4`]'['_W8<X''C
MQXX+))A=`(6S[`>U5(X%`C20``"5;*?@37:]!H!PPO7UV&N(]19;;^,98!@9
M"KGW6@.]19#8<?,A!Z%PB$%&G`/L,43)`+T=```'["QHHT5VS28<`/7QJ)P`
M]2&68F(I5@A``Z$DY.%XM8VWP&Q"'B;D:Q3*%@$`#IP"8$'K7-!7`0<<0``F
M6]YHYD(R``!D<E`N!F%C>$D(9&(')/#:`-<AI()AO_&8V%YX058A:_6A!@`&
MV"6$"0`+H-8``"5P=N:D"L5@&(2%LJ@,++`H8PHF99!PI8JJG4<D`#8@A`)U
M.\(Y`1G^D9111@TPD/"`ABHFMAJ(?@$@0T)='MG;:PL`(`JER"9DJ7S`U49!
M6P6E`PH)?`I):&T/5,./I/R<<.D``P0'@`D%W7./.-->265D0C9@``7M((0(
M``R,^-J5+"2;VTH,<9M0/>V8HPXWY*RS3CO^(L2"FKXU-D&-`'94SR5V@LA:
ML[61:9"W!>SHV+@"D430/<N(`".8*E((P"@'.>-`<!4.:\`"I)2I8%P1W?-.
M-[T,LPHKDDCBB2>R%$---_%`R]#""\#7V@1*'V1#``XD]N>.+AQ4`G6J`5?=
M"0GEP\\U&P"@P`'EL08`#@=9*N8!ZT(&0-8VZUM0/N-\(\S^+JL(TH8A/_Q0
M!1J"T")+-_7@W-#"(,I7W0/^)-31@*M=;!P`'="T3PY'SK<C"@IM9$H""32`
MMH5?BTW0.Q=0)X"8Y54'031V(T3/.,88\THB:O@`!!!!$&&((,0,(PXZ_%[T
M`@!PIYA:!5$?=`/#Q\T&P`:J$[0UW,-%!@#8"K6T,)6LW8E!.06=0D#'$*8\
MGJ^4MJ222/1LT\HB?H`Q1A)!`&_$&8'0!3.8<0YXV,,>*TE>12Q%GJ=%CR`=
M&85C@-2Q'H&`)OKP%MH@@P`&`*`%#0E%`,*$FC`!0`+8*,@,`H``"J:F+Y`Y
M0``>8`TS@00F[-"&+/RP!C0DH0?^0"!"$,^PAUGX@AG@2(<2TQ$.=!A0@169
M`77(AQRH,41]J('`;XBS`0QR[#4(6-\')9<;:,!M6!P,``6X01!G/*`OI4+`
M:TKEH!MLRTSS&`<R6-&&-/R0"$Q8`A.8`(="&!&)X$AD$M.!#B?&`QX)5![S
M7G-&ZSRP(+`8UAS5=+WLQ81C!U#`V62$`L41!!L*:(UK4K.!=1"$@<1!#96"
MXZ`-L%%!^JA?,0XA!A\4`0I3>(,;E``%*OS!%KX(!C.\<0QO.-,;B4P'/)R(
MP'R\Y(X3<<%[R`>D9T6''ZCXTAP1`[*"[.,$`;!3G43YO89@`P+I1$T+`4`"
M>N1&&O#^[-BP_#0L!!C`@Y202_+RN,LUJ`$+5W`"%`2YA"5\X0]&]`4P@@$,
M8`ACF=X(!S@T>HY&&A"!^[@'3?)!CW6H11S=0,=&;CB0A2D@`;(,`/08,KTS
M_L9![)%)/]")@)XFX*4``-T5^R+'T\DH$@3A3<=D5`$;="QF!$`;""Z)DWF0
MPQ5L\,$3L%`%*@1S"DH@0AZ.Z8NR[F(8PPA&,(3AC64F\AP=A4<\YN%)?KAC
M&ZYPA2,\P0I9]$(<YC!@0I9GI]<YJ`*14X@Z-$"=,"'@`.ZRP"T+XJV7VHET
M[<1F1O@QG0VVICJFR,T_&-"7]7D0!O700%_."*86XL:4%Z'^!S(<L88PA($+
M7NA"%YS`!"4HX0UYF(0M:F&+7>#B%[]8JS#8JLAP=%0><[T=.9"1#$<L@@U8
M.$,;)I$+9J1#I#%)2&%(QQH2(G8A.G#=&3%;@X/L8VL*Z&E/%1#4;W*C=9ZM
M4P`FH([<+`],!A+``I;!CYIJL@&/LN-.^H&,18@A#%?0@A>0\(4G!%,)2\@#
M(6PQW%K4`A>^R(4OA*'6`4(S'/)(<=YFNP@U9$$(0?@"\;QKKH[`=B#+"Q,E
MT4:!Q!JD'^!\K";E2+5G($2#KTF`"87J7H'818YR?!T$`!"#W%3CC?HIW0!.
MT!%G0`!,!9!OF">00B!?)'G98$7^%A(J!RI0@0Y?#:L;^#`(5<PB%[40\2YV
MX8MA`(,9;/W&-\)QC&/<XA5]2`,6BM"#'YP!$+8@X$?O8<T##L24_XV;)1."
MBA#HATI*EE&"CFPV!(CRL?55R`[DJ$G(`D`$;.Q(>L/,:@(DJ2.$#7.8PQ2`
M3N!$'\5XL""A0(>%3D$.4X`"$=[PAT$,(A"JZ/">^8S<9GX#&;Q81!_0\(4B
M]$^LA)B%,,#A1'0PTESHOD=#"J/CJ!YHIOL2B#IT$%_'/M:$+8B7O\Y9Z@0@
M8(2I-K-'/)(-'+1P@TD60`1"VQ%N9&"*:N.`OOEQ"C"_[@"H-L$[;/*-5Z2A
M"%1XPQ+^H!`'AM*!"7&@`R$(,8A9J$*XM3#N+JI]C%_0P@][X$(1K*"$)BP;
M#T:$YD:="U='VL.:T%$8\S9HP@PHK1_92`7G6!AF`3R6."4PAT),D$Y1^EM&
M^3((-C3Q@<J!V4[4N81'.E*)*;)0U-BLQP16ZUBX+0`6&-&',=:`A2,L`<-3
MF,(0%"I()N#A#XAW=B`",8L\SQP7N'C$'M#@`R(`<@E$@,(="*$+B[)5Z!N-
M*SSN0=<;M_1(=B(?!'!P@QO(X`4G"`$"`-!3UZC&.C28K'MS$("SD4[)'\P&
M-++QCW]D0@8:^'>H/TV=#;`L-]Q@K"8!8('^$F1\8((;JF?^4)&.D&,164`"
MLH_PYBYX00YS@$(QQXIX0@3B$8RW!>1I`8A%&^$)3^C"&YA@A2GD81:ZL`NZ
M(%'*Y$RAYU'V``_6E##Z$`_K4`[M(#:K@C*5,QR`L@"I%%,-4`G6%SJ\]U*G
MIF/-TQ?%H6,J8P`E8`I1DR9G)"8`P`FZT1'7(`&KU5,H`P!:0A'D<`AA0&Q.
MX`15<`1>4`=W4`=R8`13P`>(]P<L!PF,APOTAP988'F_1050L%M0P`>S8`NZ
MT(6=MU;/M%'H4$#Q<$#V4!#U8`ZR$`O$X%?B(`\=L2H60SZU81A/%1M1!B:9
M53<"@0\?L'1A$HBIT1NA1CH=@Q?^!,`!GP`Q!&$-%>`Z#B("D0-%+`@W_O8Z
M094P#/$.K,`%45!,4^`$4=`$44`%71!X_O<'>*"$B,=X@:`'W>8$%@8%3*!^
M0_`$#\5A>>:%R02&)]9$\1`/UI0/\R`/QD`,AW`(9D`\O4`.GK0J<%->IX,!
M#U`=`Z`F0](;L_<`*<00^\`!DV1U&(<`"2`!Q+$7!7`!'B`#H<"(,=$2=@$[
MDP$`FI`2(2$0F91]CO4:#(`;$M$*6""*ZA=XZ"<'<M`%43`%=#!6AX=XCP`(
M?/`%0S`$ZD=L4#"10U`$==!RM:`*'L9GG6=1S>0-@S97XS`.A+8*?I`&?M0&
MJ]`+\K#^<?'&#R;`,(/8,12`#=1@"I\P"C=`B%4GC@"@=@SA#R```$IV;S*T
M`M5`"IE`"3:``Y5`"9T0#=<@DPBQ#XP5C:GA`+I7$*O"`'4"-ZXV`Z97$/+`
M!DX03&]@D%$0!7-`!P?YEDV0!X#0!X``"`]9!SY'3.JW!&NI;$Z0!Y``"8/`
M85QH5B3&7.$0#GG#"[30!W=P!$(@!$G`","@1$\47@/Q1;$A(Q80-4AF=0<G
M4S6T$/ZPE7724S)"`Q:A/AB'-H]"+HK26'62?3.$'6?9$;R`!6_PFW(9!4\@
M!U#0!&[P@U%P!'B0EXSP"'W@!>H7!6X0!;5(G%/0!$?`!X3^``B#(%P=E@N[
M(`R_8&W?4'.TL`=G<`0\P`-5L`>T<`SR8&Z,!%(`,H&^P530TA&F$%6C-(ZM
MR1#X@`$C9&JB)"._PB\F`44(H4W:)T<`D`EUPPX>0'OB&)L`$%`-(3^'H)#!
M1`?)^01NX`90()Q0@'_,"0EH4`1<X`1'L%O(EFQ1\'<:UHK=Z6$QYPOC:9XX
M!P9-H`1'P`1V60O-!`X=570'9$WW^%Y+5W6]D0'^0@-F4V\8EQH0\!^AHUKR
M-5\!\"L2`63.P`"MA6H?T($($0JN<V_D:!UDNA#?@`5R0`=O``5R\`1.(`=1
M(`=V\);)&05]``E]4`=%(`5R\(/^3?`$PBFHRC96@0`(L]"=P]6%R/4+N_`(
M/E0$3]`$A7H'@2"2&.5<8SAZ]@!>NK$UFN0@&2`3,OAEK#6(`,`"5,4/`9I.
M/65U]*5@$V$78DE)`1`#V(`-ZO"K[*`.[!"LZO`.V6`!Y.A8HQ0`]>@0K8`$
M4_")"N4$6S`'43!XQ"F+3J`'=[`%4O`$4B"G42`%<^`%4T!^2G`'-.ILC"!_
MR$4+?X`&76`$1@`%3I"ICX!<$X51B=1$C012-B80^3"AA54^`.!T!Q&/JVI"
M&(H0ZZ!::,.:"A``MOH0^MF@]L8`$``!#]"Q#R`!$M"Q#@"R@?A8Y!A?!;`!
M:YH0KP#^HB(*!4=`KG9JJ/<JBTTP84/0<R-JIR-Z!/DW!'(`"'\`"(LG"*H0
M;;:@BM[FL^KG!C$&:65%@,J$1(P45R(%1?G0`4L'4PYB`3(!$]B0`19W;UWY
M6@>A#B$PH*$42@!0L0[Q$5]T-A:B&K>''#S"(Y7#0E`&-Z,$`+[6$*V@!5$0
MITM@!'3YEG;@!%(0!78PHG3ZB7EZIXNK!510!W6ZG4LH"(Q`?WK0!,$SHDY@
M!TV0!'<P"[CP87VVK^#@743:4<BCH/GPAX$80P!P`0EA"4@)1BT(`-R'$.I@
MCE\77Q,K&A#1$:0P'N2C:Y2D3E`6([F:O&%2.GM(1L;`!5?^&*=VD+A-L`5/
M4*+%&:X5*9SXAYU/4*Y;D%M?H(1\X`>/\`B0P`=@8`0ZJU!-,`1&H(6TL`IY
M5E85-4!(Y*GH(*H%\0XBP#P7IX<7H#CK4,`B.(ZK@7>2TA&_*P#^)E^U*A'[
MP&Y"=B&O,1PI,XCR%$.L.4L0\)4(,0YJL`3)U@36.JYTV00*A6&^I012<(M1
M\(,MBG](<`1T\`=ZH`>$``EZT`7@.HJ^%:='L`5ZT+ZJ0`NV(&(5]6<#)(;H
M@*0'@0\3NH_Z07TX$T%@M&-Z6`+Q0A!`A@T/8&H63%\!=98#<0I@:H*^L45`
M<AQ+126F,\(;C#8Y%3[Z\`H*Y;W^TJFG]=L$B0L%Q"2*<V"G@.D$78`$5.`%
M3J!R@$`(?%`'1N"SGVC(<NJS?/`(LZ`(M(`+3TR`4JQ(]J")`O$.6=Q"^^2U
M"?$.[$9"PR(CEG"V;S1?\W6A$C&!.C8G"X`Z!1`N=(NW=7BWRHN;(O"J*L$/
MXX`&<<`$PZFGAOJ66[`%Q$F1(UH'HS@$HV@$6J`%"#D%=YD'HDNH%)FSQ8D$
M7M`'B\<(JZ"+_*NZX1`/FPB.839*U8$!`G<0RG`:@<AT`9`!)JP.;S2.0CEJ
M#=$1T0"FV9<`,Y0)RG`*$ET*HU`*I!`*J"`*G-`)GR`*J<`)32&[479Q`L`R
M-Z8/K+#^!=+JN,)YIW/0O5'@6].9IPKUK2VJ!5N@6WQ`!SVJ!)^(J0IE!/>J
M!7P`")#`"/%77%$[#,PPSP[Q#N#8H`Z*`3=F8'E81P#"#1#`FG7R4T,Y<`ZQ
M/&))EO`S$:/`,*_#F@"@`JA,$.&@"$@`E\G6!2\MOJ.H4(Q[K:2(;$^`!'.P
M!4@@!0KI!IAZP^J'UW*P!4:`!MNY>-#F8;DP#+O0#.!`SQG*#_5@SV"6IAC0
MUOR0#U^DQ0'0`(DR$-@@(K'I;P=2RZ;7$9Q@-F,M0Q.@+0&K#S`1L";Q$;!J
M`2.D(DJ9)`TQ#GY0!'+I!7"Y!4Z@S88ZG7,P!]D;NELP!5+^X`1>@+Y:0)''
M:<C@*P7@?+Y]L)V,,`FST'BYL`J^(`[P(!'M4#9DF62'TA"ED"NOLSXR8D<F
M80T./8XO)2.;\!!8W'O^B2`4T1%IHFL2"RD/<0P'50?%9MR+&ZZ&VMS"V<(Y
MW07?6JVZ%:[&:<B1.Z=/P`5W8-2`P`CC_<3@&0YL7!#L(*#_7"<`<$'>N">]
M/!PRPHVZ40TB(E]?!P#][8W\\`EF$[UH@T(640QH4[*SJR6FIP_CH`@^T`2_
M.0=&:)#.;:A/<(MR4`?1G5OB.Y=;L.%*T,+6*N5?T*<C#FT>F0OBD.)<8@%(
M:8DFQ`']P@_2\`"OXQMZV+L"<0W^J12]+70@S=H0\)7:`>":%M$/[.9O9Q<`
M^>+9N4$.K.!'P_D&<*G-=GK);SG=B3T'4E"M=XK3HWC#34#7Z"><75`$=ID(
MCT#BJD`,*%X1ZO"(^J'?`<`!;-QV<!,<Y7,:Q](2UW`:I*.L#^H06DV:/E4`
MRJ!9$W$*+;[?!P`!1I;BR<`&17`$);H%=-"]=5`'>4K844`'*LW-?]W2BWN<
M3V`'""F^3F`$==`'J^[)JP`.US01ZC!WP5XGYB@"/LX/6IU]I8HY@U$-]3*.
MCT5?&L,0;;?5/A4`&/"J#L%O+<ZV7`H1X[`&/H`$""D'F&H''NH&V?N6((J=
MB<T%U5S^OE(^S=-MJ'-J!)JZN:K0"VQ^$&8\11XL(Q\`$?]5/I$A-[7,#]2`
M-JI=)U/6(@M1#A=0`!`07YAEWQCQVJ$F2F>#`#8>$?2`55G@B7'PEJ&K?AK?
M!.&J4.C'O?2*?YENKV[PTEMP!#[=R:$L#QBQ#B;P`!J0`1*0`1E@`1"P`IW!
M`0R0``SP]Y"%-A:`'=)P&A8G`%-V+#<V'8@QS!5@I1C!#N"('"PTS(9NL0-A
M#.!G!-/=!"-ZN-,LIUU0K71Z?]ZJW7:@S;*HR4O\ZACA#^[0#NXP^P:C#F/\
M$.P@#6`!#='`^]$0#<K07_AP"J8@T?^`"J5P"J7@C@E1"DO^80E&813^:!.F
MT`(M<`+8GP,Y<`(E$`/,#Q'Y@%73;:^?:*?-;:@IO[BC7[YV`*Y+D-CC&M<+
M!05N<`>]P(>UD_^AXP_\[P_]`/L`\0[?/GX%#1Y$F+`@.4=BD@2)HN5)%RA;
MDCR)8B1*E"UVI-B)TN3)'"\<N6S9HF7+$RU=CJ3)=<\@084U;=[$J7!?/YL\
M^=',J=!G4*)%C2K4=^R5F"M%GKR!$E5)%"A1[#QQ,_7)D2==4:*<TU6B'"H]
MBN#)!4[F4;9MW;Z%&_<H07WCDB7*,D:CDZI=*&YQHN3(EBY1N#C9(B7*$2D8
MI6R9LQ&.E2%G:H6S)U?S9LZ=.0/^U8?LU9XK0:!\H0)%SLHG<C@6AJ*5M9,F
M5!5'B7S$R!E!O<#E\QQ<^'#B">G=6B0&C`^G5"+[51P5RAO7&Z-(D0)ER)`H
M73D628(FC9]5P=#MTX<P_<'UQ=V_AU^PKBQ%:BY2_0*&Y1,E4Z,X"8DJUY[@
MHC&,(//""RR0.(,*-1CY99MPZ`$.I_;B(^Y"##F+)YQ>6$D#B>V&V&*C[)QP
MPH["IDAP#LCDH*B.*JC(SPOLGD@B##'86",11UQ!YIMQXEE/PX*&VO"M?8#:
M)Y]PY%D'G7J2/&J]G0X*9QM:``&#"RZ::`)`*.BH0XZ)NO/B"2K,I*(+,+[P
M`C#<GK#^PR,OK\`B"S#4\(,17'K1!IQSXKEG27[6TDD?H!*ZT,B:'%4TJ'ON
M@0><7EI9Y!!9M&&'2L_HV2891]@`XPHAE"`B#JKB@(()*)9P8D"2_'J"KR>:
MD,(-Z[KPHHLOFB"""2:<.***,_`09)))B&E&G'/0D2>>?-#[K*U]XI%'GFZ\
MZ247904YHXKQ7M%&'D<]5=(@?>BQ:Y$^U.C"""*&Z$]8Z:+P8HHNYH"B"2BD
M`-,-*$9"@@HIDHC"U2F.(*(*(HC@(>(?JOCB#(O1$"0011AIY19DD#GF&Y''
M>5*>>4X^.1^5]4%Y'GI0IB?F<68F^1MCC.F%EU9:6845/_#^L#C<(W@@X@?>
M6IE&'G2)(VA1?>3!V9$UTL#"A]*,B&J*(9Z(:@DE.HJBOX@>>T(*)[*+,PI=
M;X,-P":4&$(*)8*@.PDIM$#B33#`P`*--=9@8X\U%/%#$5844601POWHT8\V
M_-A##\GU\$*+!+>@E[8@FA"B\R2N2$,18KK);*:EJ5R7'&-$?3<++'H((@DC
MC`@LQ<"6@(**)Z:(8@H8SX2"52<LKQ6C+U*B@HJ"D2A"-RF00$*+(HK`XHLD
MIC^BB!E1&[B.*6IEF`@@'B:BB#:W:B+YN*4H0H@PU#BDE2#I06C1TT]/7;1%
M$B$UC"^%:$(0>#`$W1SA"$T0V!+^WN`U)52%"K5APD:FD+4I).][5=G(JZ;S
M!CI080IPX"`5.@A"%J&F"U,`$(I2,X2SX:@'GP-#'QJQB%ML8QSTNU\.U<6>
MA.3#939#QBT<L0@VN`X+6$@"%V8',+K-32H-M%=@A.6&";YA"G&`0VR"%P=7
M68$)7+07$[SH110]H0AT$P(2/H>&/9Q!#8-;13&TT8T*Z="..3F7>N8A#W*$
MXV/)X(4K7O&*1>P/<&P00Q:R$(8P7($+81C#%7PPR3%,<I)"F.3GKA#)*X0A
M"XE4SA[\D(A$+&*0LC#&'.5!(4=1BQ]YO&,L=U@E?>"#7>,@!SF0L0UD)`,9
MQ4B&*UK^(4AB%G.8M[A%,8#YL6^0`Y?S>&51["=+:G)&0TBJ9C;O.$WA(`D?
M-TD/-[4Y3G+:1)P_J5\YU;G.<Z[3G>^$9SSE.4]ZZK"=]<0GNN[I'@WM,Y_K
MQ(<I1C$*:)SS0NW@1KK8\0Z;P/*?Y8R&`QC@@`+$H(XWH80'ID24)1%D%#;(
MAPM>T#1^U&,&9#`*-@OBSX<61QD%L($U1```6!3D'>I`R#O:01`:/`"G;+F!
M".Q!!I0:I!T3\$!+\5F*`6B"'S0`0#'XT8D/7,`$T2BI)4!P@C+LPP438`<^
M:#"*@X0"!2B@1#OX80H6H+53-!`!/T@1"W[@`Q-C=0`+#J+^C&HH0Q3\8,<G
M*B$*X.SC&:2(AEKY<0U1D.*;):4)0^NZCVLPM!W02*A-J\$-DJI#L4K%"4].
M`0!*/`,#'?#'*1:`@E,\``/YV`0`7.",3UPC!AAXAPL64`IT6J,!*""%)911
M"@.@@`P.0`$_;""">FS`!/P@`P!>`-45'*0$%$#!"M9Q@@FXP`(QX(<E(L`"
M&Z#T$@7H@`5$4-D2_%49%S!%-3C`W5&<P@(66$$G]A$*#E3@`BXH!S\NP8$5
M;.*QH+U)*0"``@S0=!\R&(`R^$$)`&S"`Q90ZS[:$8,)O,`!IECI6@&@@G7D
M@QWI[10.`'`-,I"`'=A=QP-$H`_^:42@!0?I0`>PL8Y+#(`2_,!$`9PA@@98
MHQW4>,<#/E".4PP`P`ZX`3]$`0#A`J`#HR!%!2@0C6ML@AH6X,`S/@$`'&`C
M`C=0QRC6@6!S\H.IG!@S>%U@@&OP(Q0`L`$%GKL>&`2@`1.0AGQ*2@8...`"
MF2"`"@J""0"8@@PF>$<%7$`-`$09&PVH;M,XX(*?B&``+)"!"S8PBDQ$8`*C
MOL8`/E&0$SS`&1?X,2D`@(EG^#B\`."$06`!``Z4(08%^(`R,'"!&\""I2V=
M<JX]``!J6`(`H>"'"P@0BQ(TH,[U"*D%1O$`#V1VLOP810!(<($.?),,`:`&
M&4X0Z1?^<,/)_%`'<F="X(*@8`"Q:`<[UO%-:FR"`A08!0%6S0\2/.`9$["$
ME"OL#`"@E,+0_J8RR'R*3HA"JL]@P0($`&(VVZ04#EBU*1@P@W*(H,,%D,$^
M2.&`#5@B$MQ8@07V\0D"H*!"T;A!<$G+Z!AT8@+/C4$)CGH"?I@``)GH!`#T
MNM(-5-?.!CA!-:#!B76,PAE>C0`T*K`!;HP"`#&H!W[S<8E9,QRE31[!._3A
M#&H\8`7`4<<U],V/3%"9&YPX<,>-ZHPI[0,:-;U&)\HP"IH\`P<X<.\G"&(*
M2ZRYI)QX00ILT(YX5`(%*K`!->S,B7R4`1/\D,8).'`#%&3^XB`TV(1!?(X!
M$5R"'Y$XJP5L`&1N6Z`$"3VN"U30@$\XPP&I#Z\!2B"#R9.!`")0`0F<X8P5
M7,+DUZ"$`:JA=[CX$Q^?_4G>!5T0?#A^48]-CS[*P=>"U(,:IYA^0:I17\7N
M0QG*4$<UZH$/:'2J(,K`!";6G(]G7*(2REB2:"@#2J@I:A"%C:*^F=`'*^&A
M!"0*ATI`"&2:FFBG>S(4CG)`:;H^!,S`#H2+4J"`"P"S7$.GGZ"):>JH$`NG
M$C2=$%,7@L`$Q3.=<K`!CHLF]?#`^""(NKN!3W"`(DL(;CJV:.JG@_@`#N#`
MQ7H`&F!!%PR*=I+`'"P(1`,QJ!+^+$K`@1O`!TM0`1F@A+BSA$Y1!\)2!TJ0
M`4O`*74(!6C(A#!$"&ZPA$HX!9IPAISC@!)@!VYXK'>H!U/`AH)8AU`@!8-0
MAU-0AKQKAVLHG8N2PKBHNT^HA@H0@6AX``<@@T]0,1O`!`:(@6=8`&BCA`N@
MAA+P@$_```YX!V=;`1N`@!D(,7SHA!I0`0%PJE!H``N@`0-8`6>H@,]3!Q<@
MA0[XL5&H``O`@4_0AU#8``[P`!&`!G[(C&@`!6K@!'7(!,=KQ+B(+1N(!!@P
MAW*8`!RHJP9(@8*X`0*XAA5P@7I`.$ZHM'*(`0`8A4J0QZ?:@&\*)VQPAVS(
M@!R@!P[^F`!KR`<,6+<-V(!]R(0-D+@7B#0+@(9V,`5E<``1,(=KF(#D(HAK
MH`9R*(-IB(1GC,)L#$(!&X!0F!1^X`8*B#)V6(`7*(@Q@P51X``<L`!SB,>M
MXX`(*`5G"[0;^(`#PP<<T``-0(`2J(:1*P@1B*M-&(!3.`$R*`<\\SK@`S=>
MHP$9^$'[XP9J6(=8Z(18>$:1=(OT,#YC(PAN<(#9:X<"<$5^H,=H6(<&&(`H
MFP$`$(5UX(;IBZYGQ($2"+$I8X%8N(`1D`8#$$=^\`"_O`;7FH!JD(:&<\=!
M)(@[(X$;(#Y,6(_NTS=K6`?[$TNWJ`0".(5#62P#F#U]4('\"5B^#1`!AAJ!
M"`BT4#"`%V"'<HB%?8`J"9.!#@@Q>@P%?0"!#EB'#<"`-?NY@H`JO7J&AH,&
M`&#"??`'90B`MLP'>Z`_R;K!SX0+9:"$-2.(>B"#T02L&:"`"H@!QX,%:$N/
M4[@`!S"!5?N$VP,R)D0G:N@`"%BNZC*%6RR##8@!@G@&$7`&T+/$\%H`$[B!
M3E`N`B@!'%@!4OB$`>`M[>0G@[B&:V#$@RC$:OA.^ZN'3FF/-+,&;L@L90C/
M"UVI<B`(?'"&A-J'49@!'.B4=QB%%4"!57,&&IB^(:30!\R)1>'16>I1>G*H
4$\S.('0E*W$E)^0AT`C)X0@(`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>57
<FILENAME>g147201lii002.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201lii002.gif
M1TE&.#EAJ`(D`/<```$``0D&"`L'"1$,#A(.$!82%!X;'!H6&"$='B(>("8B
M(RHE)BTG*2XI*BTW*3$K+3$G+#0M,3HO-C$Z+38R,SDT-3LV.3XZ.C8X-B\N
M,3X]0#A&.$(]/4`W/$,_0$5(/T5"0DI%14U*2DE)1TI40T942%)-35-/4%17
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MP<2[P\B]QLJ_R>FUQ?.UR\/`O_K-A_C)EO[;C?K/L/OCM_[YN\7#P\G&QLO$
MR<S*RLG(Q]'-SM//T-'0S]33TMG6UMK8U]W;VMG7U][DWM[MX>#?WO?-R/?+
MUOO7Q_C6VNO'R_K8X_K/X>'@W_SGQOSHV/[]S/_XQ_[\V_[WV.3CXNCGYNGH
MY^SLZ^3JY>ST[.?TZ/#O[OWHZ/WM]/WJ]O#P[_[]X_[^Z_WUYO3T\_3Z]?SS
M]?[S^?O[]O[^_O?[^._P\"'Y!```````+`````"H`B0```C^`/L)'$BPH,&#
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M0_P@A!`ST(`##232\,(+**1X(HHDH$#"BR^XX.*+)7SPX@<?C#!""2+HJ.,%
M&W!P`0;+",0#""(DV6.2)XP@0@HFG)"""":D(*645*:PP@HJL+"E"BF$&8.7
M,8S9)9=AID"F#"O(P*8,-=AP0PXY[&!G#G/RP$,//OC0`Q`^`"$HH((:@<@A
MARB"B"*)--KHHHH\(LDDDT@RJ8.8,M@@)YQX8F`H!89"2BBEE()***&84HHI
MJK(:BR_^L/JB2JR_U`J,+[8"$TPP]O7J*WWQU>>,,_0-ZPPTQPX;C7O3K/=>
ML\V>9PU[U5!#7C788DM-MN2EQZTUXI0G[KCA@BM>N>.6)XXXY[*;#KCE:0-N
MN.RN&ZYXYUISWKKP6I..O>B6]ZZ]_^K;;[KBEBNMN-9F>]YYZ:VW;;410VOQ
MML]"`]^RSD3SGC3-0@/->_`!XZO)OY@,##`II\PRR["RRHJLIL2BBBFDK(KJ
MJ*"``FK//_>,H"><+OB@)$=+$HFBAR)RJ!%00PWH#X+V8+6>>MYP0PTU:'V#
M#6.RP$(,6FX9PY8K>-GFEF&>X/8)2D[9(P@AU%VWCB&,X,'^!1R,<`$(0EI@
MP06$7U`!!19T<$$$$51P@05",AX!!0\\,'GC%1P^P004=/X`!1A0L+D##FQ`
M.NFCCW[Z!J:S[CKK'Y0@>PDPN%"[[;7?#L/N.N"@@Q`Z!!_$$#H,L<@0R"-/
M!"..+._(\\]CLDDFF6"B"2;2;Z+])J*,TLHHX(]22BNMI,(*.P(Y4THHHJ#J
MB2:>O`__)9I<4DDEE^0/R?Z05(()_XUP1",:P0A&$-"`!%R$`I$W*",@"@B'
M,$*@`C6H(`"J!SO(`9_N=(,>\,!.&8P!U[@&-C>QP$INBY*53%"E*8&`A2$0
M00A>&"43R)`#,P0<!^BF@0MTX(?^'="`X`Z'`0E0P'`1:$`#(C"X"C!.`E"4
M@.0H<#DI6@X"E8,``R#PQ`@P8(N5^^(#&K"`!"S@BQ!08A8;\,4O-L!RAD/<
M`R"`Q3>.40$*6(`>&=``""P@CPM88@7(2,9`DA&/2BRD'1EPQD:6,9!N9*,:
M&Z``!BC`C'K\XP+&&$A-OI&1EDP`(#.Y1$J>48F,/",G*\?),_)1CX74)`,J
MIT0%+/$!>JQD*CN9R#_B,9.Y_.(9TVC'3(I1BY6T'`6P2$4*2,")JJ2CY+X8
M`2V*48H1J%P$)##')VXQFX'48@4Z$`$?@N"</N2`.NU6-[K)D)UR@QL+H^0V
M%71)!F+^JP&=YJ3!'?3):E83%*(BB*@A#$^!"F0$$18Q0$L,L!&6N)]$-5$)
M35A4?J(0A2M<48J-HJI4J6@%*_[#BI*6%!;+(,8R5NJ,91C+62"CUC7($RYL
MM`,;V$@'-K*ACFSX]*8^M>D[ANH.HK[#'4@E:C[R@=1\Y,2IK.&-5(4C&>A8
ME2.108M4E@I5Z^3C.F"E!SS@@52DLL,=_\@.=]C1'?"XU3O?\8YXY(HOFM*4
M7O(RC[RDI8V].LM9Z@&9Q9K%+&<9:UC3.*QB%ZM89@S+L<Q8!F1=FI_\M!2R
MCJ5L99T169;BY["6!2UC.3M:QB866B\M[&`K-MAI/.Q:\O+^EKKNJHUVX0NN
MZ7BK.MBJUMZR0ZR]M8X_\$$/L'YUJ<+%QU""<U6&2*<YS'7(<Q,R&H+TAC.B
MR<MML$N7SFC7+K"Q25'(PA?M$F:[X`V*7`"37?:ZA#C.T<QTFTO?C$37(O-%
MSG/[HM[8Q"6]6B7O6MI2WMG`%RBKF>IYI]H8@5Q7(?>MKX0G_)P$&\0WW>VO
M@M>[%PT7)KW;;2^'O\M>SW@XPW<)38--S)G/'&;!ZBTQA(=#X1K;^,8XSK&.
M=\SC'OOXQT`.LI"'3.0B&_G(2$ZRDI?,Y"8[^<E0CK*4ITSE*EOYREC.LI:W
MS.4N>_G+8`ZSF,=,YC*;^<QH3K/^FM?,YC:[N;Y1!4MELE+=-]O9RODU28?O
M7.2M,#G";P:TA`7-YT(C.1V4B)\HLB&04G@B%)]8!CX&0@U*%*D@XA"%,RJB
MCE-=NA_L2`4J-KT3:PP$'^I@"684(XX\0\3/$G%U;F3-D%6((\KT8$4^*@**
M=!B$'JUFC%&L(X_A:F4:J1Z(-5AQG(&XIR;T4,]ZJC%I*?N$QE3U,2H`0(``
M`$`$Z+L```8P;DD`Q08`0,"M">()`*@@Q@_Q00AV\`B=4$($0*`$0:H1`YT0
M(P:%F02IJ^I@@Z!B&L[M1Z+AW1!G5,D$`Q^(.HCA$%"4*1("H48,3(`(G3@C
M!?HVR#_^'E%M@2Q#!3.H`0N*1.B*K$,17:)$M9T!"H*P@Q2X@84-1B`#9ERD
M`J1HB#]647)\P&(GDNB3K_L1"E-+_`<IV(&O__$)G=`C$K\U`@9W4`-4%(04
M$?<'(O39@QP$72&D",'1"\(*$Q0$%$Y/!P?,;7,@Z,0$GBC()T2@@AHX72#X
M0,1Q(B$V&82`!2571PU4$`)6"$01'&"!"2C>CT.$B0<W(4;?=Y`X]"FYY0C9
M1\(%LY4'<X4?^NB'/HJR#W_L0_0%X0<_O"$/@>@#'."H?3_BP8UYQ,,;_9!'
M[R-RDU0$(`BPL``!@LX!`Z`B$0-0@*G3$8$"!$`19:$$`&3^H'I:^\,$""<(
M#OY.Z10,)!4A.(@GPA^11S`#'Y'8;P32/Q$1/((?E/C$7YS1@WXLX^BX@0\I
M``O-`FHA(`GJD`)`(!#T\`AN]Q?LH`'-)A#6``N2MPSD)Q'+X&O350T<X`.L
M4`HAH`*3Q@H"D'<W80T@X'D%(0D7\`C+<`@+2&L$T0%>-UWX8`&;EH+]=Q/.
M(`*HX`F>EP*I0!4<<`/3X`-NQPXCX'GIL`";A@J@L`J(<`"?)A`XP`DVMP``
M$``$```U<!?10'[ID`+]EV"/D`,$`0L*P'X]`'!<\0CZ=A.2\`-!P0H=``MB
M]X`"X0,5(!#LL"[IT`%T=Q,UT'_^RU`!Z;`,#4`-_4`*'=`/UJ`"].`/*?`(
M4=$/(Q!R2;8-O5![WB`,J0<.NL`+O;`+HN<-J-@/O%`+O5`+NE![NR`,-J$+
MLP!\`D$.LU`+NW`+\3`+M#`+>+"*\O`*<H`'>$`'W]`/W(`':7`+_C`,<H`&
M<L`&L]`/A:`&T[@&W%`0WH`'4R`'S-@&5Q`%:Q`._3`+6X`&4A`%=.`&6Y`&
MW?@0-X$*U_</&!``7M<!!<`.RX``!;!IB%``(A``'E`0[<8"_>`#'&`#+X1P
M^/`('!`!5S@0['`!*8`(U48-$9`"6L@5U)`".H$*(M`/^#`-J1!^Z^`/Z3!I
M^.!TSD#^>>R@#<20:LR`/I/F#!Q`#$['#^F`%9(@0H[G#YZW'391#2Q8$)?X
M800A@S9A'08!"PM0"IY'"6HHB1VP;LX0A@;!#B`P@0-!"=AW$3'@=8YA`A\I
M$"J@AJF``!=`:M1@`B4W$(F8@181`D7($.P0``!W$XA0`3H!!"$`EC8PE"8)
M!)/V#Q1`#_^`>`*A#AS@B`-A`YQ(&$!P=@.!:`,0`<20E)47"F4Q"0M8$#5@
M;C>Q#A50`-4`%)Q@`VN8`*9V$Z6@D$`1`YAHDBG@>;!@`""0>D!AE05'#2'@
M>3+P"8APE?[``=/@"377#ZEP`@6G"#O`9(*0!+O@#W*`!,/^T`]Y@`3&\`5(
ML`O]L`9%(`S@,`518`Q@$)[R$`5=,`_>,`5/0`Y`L0U/\`1*$`;=,`5,0`98
M@`1[T`^T<`1D4`58<`2R(`]<X`1G0`C@(`5.,`9>D`1YT`]LX`1D4`9.0`<$
ML0]K<`1V0`CQH`9,8`=E4`1PX`^!D`1N``A5T`1V,`9'\`H200H"D`$-4``L
M@#X<<`#-!P`LD!,5L`#L@`$!R17:YYHA```6P`)`V@]!```-P`*&21`G.0TL
M,)KI``NL$`(H*!#3\&X"D0HEN0P?&`*ET`\G(`V4D*:2,)V(T`-&@'V=P``V
M,`V38`)>MP,Q:0!&$`.K"0O]-A#^^J`"XL`*<.@#C@@$)+<#9<=^^Y8"*E`*
M,V$$/I<#XD`-1M`/)L`!^.`)&%1O7)$*5A,"/K<#<ZBFCM</Q$";!<$.'@"6
M-Q$)B2`4B@`HFV8-.>`#@>@#4(-PSJ!U0$`/[/``N4FJ/A`*<RD0L``"4+$,
M%]`/I9`"TZ"<_1"7R]H/.["I59$.0-`#AX!QQ*`(AY`#FS8-5J,(1G`3E.`#
MBO``CI<*-O"M/F<0K!`!D0EJ%6`!3L=U)S":_4"E!2%ZRV`!_4`/%B`)GQ`*
MBK``JSEID2"F!=$#-0<5K```%9"4'9,#B,`,2]</C^`#,78"ALD"4+>#_3`)
MTSD3ZD#^`8<GJL2P`G&X`C?!#)Z*E9YP`I/F@R'PL?V`"GS8KJMP`;[F#!3@
M#T!`>>(``D['##W[>?TP#EGP!L-`!5A`M5DP!O:0"T[P!L(P!5=+"TH0"/R0
M"T_P!KKP!%.`"WMP!+9`$-M0!5*0"\I`#EEP!\I@#'([#&H`!<F@#&-0!-_0
M"T<0".7`#[J`!&U0#LD`!>+8!DC0"^7P!6E@%[SP!&Q0B=S0!%9P#_6@!E$0
M#H%P!+>`#E5P!>XPNK?P:H]8`!9P`!&PFOW0?"M@!*4P:9UP``L@`P80`#/`
M%9T``*YI`@%P=`B@`NRP``8@F0HA#B:0;.D3`G9!#>]V$VW^][/FI@B_"W'I
ML`,760VL,`!.,P#B,`EPV`,IL`[]4`/$(`X*2:K]``)?JG`4@`J44`#Q2@G5
M$`'L,`,4"00@$!W3@`,+R`)%:`+60`SF=PB(P`H%X`FK@`"5"12H$,`XD*HG
ML`H"\6\'L0XA,)<W\0B((!"((`GZX`Q,NPP/D`[LP`&WBPH6P`^3X`/^L`)Z
MP*FE0`TS8`WKD`,`.Q"DX*HW00T5``^IP`']4*VI8`TBD*TQ@'%#H0\<H`CX
M(`E_>`@-P`Z/(`+^8`&B`'\&T`^1P`'K@`H&P%D8``WKH`"IRA6-`@K0B0/:
M6X1*<0.7)K!0P0P+4"1>&0KF0PG^"R"9J#"<!W&9!I$*`'`!+,@/*\6QOW!K
M(3R#!,$!E^8#(QP#",>N_2<0,H!]^,!Q_B>Q`@$$(L`""5!SG^P,ZS`".I$.
M(+!V0,$*YD>'TTD))V`"!*!_?$!Y<8D^R5DD-*ACN3`%6F`%=T#,3=`+1!$'
M5-`%5Y`'55`%:A`/-G',5(`'=4`%5.`&J;<-N.`/W8`%:C`3\3`%;^`/VY`%
M4K`-8'`%X1`/;*`$WY`+1;`'KY<+2G".N]`$%<H&34"+7[`&_5`+:/`-Y``%
M5C`,X-`-IWL+NQ`%;*`/JBL/5F`%Z9@$M>!J-P$*`/`(/0``*3!I%U``'"@0
M*>"Z3%3^`!&@OC<1O$H*`$5R`.9W`0%`">*`#Y1@`O5JDM9P$[!@?O2P=)\`
MAP+ARM6F"&$("D&G"-RG`D5B`QRP@)T``E*(<Y*PJ0+Q"2?`#NPK#BHP7"+P
MIT.!#V$="90P)J#&`B=P"/W0`2H@PJ!9$/K@=-:@`?HP`YN6`N)`#&&8")1P
M"`M@!(ZZTUQA#6Z7")L,F;*[#%Q9$.O0Q'_A-#;!`DX7`ZG@#`#'"@&LEM/P
M"8[G`].)`],0"GGG?R59$-80`9!\$Y-@?J*PV<YP`8<`V7=Q"+3)$\3P`.BC
M#N\&-?V@V2JX:Q<I@+=Y`LP0"5PI`_,+%#>`<2+`"1V`#S7^,`E`,6F3$-<"
MRQ75T``HJ'@#(0X6X(@M['B),1,]$'0)9GR*;!"(`)IVD0B2/!!JUP_28`"L
MX`P=4+$@RY7^$`*D-G:_S7TXL0X4<)4U\`#$\`@4*1`QP-:HS0')!G)/:0(B
M^X@AUPDRJW`.SF3^8+=(,`?C$`9*$-$"80Q/,*/W4`5(4`M$X0_(\`1(X`V]
M@`1;H,S<N02[T`U(P`4SX0U9T`1<8`5',`?]4)U<(`4P+@SH$`94(`5S@`[K
M&053@`05"@9'P`O\X`5NP`]?L`1$+@A/L`5LX`^V<)]/4`3*+`A'D`OZX`5A
M4.1.D`L,AW8!(`GT$`$```3ZT`#^`>!KJ;<,!*``#PL"'0T4E2"\_D#HCD<`
MZ4<*!<!M70H`/``4[!`"D>`)'=`)20P"<D@!L"P0-I`"K!`)"-X/GR`*E1>&
M\PT*!>"(ALT,U@"G_<<.1H#?8;H,SCMIAP#3!+&5%AD!FV8#!G`<0!"&S@":
MTZ"^@%@!K(`//F!^,A`)ZA`!\(`*YF<$D9!\Z/,(CG@3GC#"^!`#"S@-'8!P
M.!"&Q2?*0*$.M$T0#B00/P":Z7`!X`MPZ>`!OB8-$>`/D^!X&L2IG+7)@FV2
M6`$$'+!T,.QSGQ#`-]$,KNM>7DEWZ^`,[%`!1;(,Z=<#Y@:)Z:"(K+H`_9`#
MKJD.#]#^V=':#QBPW#9A`D6B?=@G0?T@">(=`N&'QX#(`5_*V\K5#]N-<`T.
M8P.!`VEZ%XB\WFR'LB0LLEBA`D='"BEP`S!``#)0;9$PG3?Q["\)`FE:"NC.
M%:#``L=!#PZD""QP`/I&">8G&37@`SA-R`HGDH]I`L_`#!?@==,``LK.X?WP
M!V>0#/U`"&>`#*MV#H`@!L#W!W90#P-A#W_@!_90#V4`"/8@$(0@!MV`#F;P
M!ST^!6-0^()`G_<`"&;@!X,`"./0#\D`"&4@YZE/^H-0#/U@"(2`#OQ@",;0
M#\8P"*=O#\4P"+?/#[WO^Y.?#(9`^\>`#%%[#/<@$?#@#+[^E@[W[0\M-130
MSW[54`KLEPXYW`_.@`KHDPJ7Y@RWJ@[.``3D9PU\<`B?%JR(`*F`1_;F*A#5
MT@_,X'6=X&OT@`HZL0QCXG6P8)8`(4F$IWZ/K*V+U*]?J10*^_GK!PN60HB1
M.O5S1K`?OATG4DRL4>JA0D\50J2HAO%$B$?]EB'J)XF@#Q,L<K!S2"V%"A,W
M%9(:D2)&.H?$@#A$FNX$1*0%*2FT)N(&B):DCO:C%*)&"%!8B?7;8:1?C67]
M5K"H8<):/R"L1CX$4D&&"@YN^X%J.))5PW4]\"5=D2)'A:.4(O"X$(+MTU`7
M^AWJP,."`G_6(N!00<!9OQ0A<@S^:/56(3P.Z_JE"T'4TXU^>BKP".&CG[AJ
M$38[7"&@!@L;]-C9<&BM@K5_*7`V=9AC%7)6`T`<1]YT4DNF"G=(>NMOQUI_
M_D@E&LD1!(BG_5:+]L?B-M*^"GLPB]Z/G8\4-:@Y]#'M[:D4)T3V0V62^`8D
ML$`##T0P0:3*408B<Y3A!RETS%'HG'.0\N><<OKAYQQ['#K'''[X*>?"?N*9
M8@Y[ROE0H7K0J<<>?KKKIYYS(NS''AE'Y!!''^M!JD4.Z\&Q*1XY5#!))9=D
M,DE_](FNNJ98^,]):XYCYR^DU*&F.G;6>N@O?)BBQADI'W+F/J2L64\A?.B)
M+IT4SNS^9QTX%1(GE-OP,4TA9T)1,\O3U#GM+WA2204G=4(`<\U0$G6(GD85
M(HJ2')#S!Y9/EH&(GXR<62L=G-C1KQ]6/''&S'ZL`<49:>"D)Y12IH'.(7^Z
M5$@=B-A1TYE6-^I!A$2J\V>995A!)97N&KWUR3[CV\$NI.B99E("Z;D3J4=D
M:(H=8K-5B!JB(IP!)BG!Q=#-`KTM$!\MFX0W7GD/+')>Y+S!8@_1FJ(SNGKM
M!=A63-,ML%\"_PUXR6I40#=A!0UN,AT;H'0X2HP$Y!=!B`YILV*'OX087A\F
M<IB9'>#%H52/5V:Y99</O,>69)!\N6:;;Y:739QQ?I;)D&UB98K&*']6J&&@
MCR;P3*6)SIBB@A]B>D!V*ZY5R7=WQCIKK;?FNFNOOP8[;+'')KMLL\]&.VVU
MUV:[;;??ACMNN>>FNVZ[[\8[;[WWYKMOO_\&/'#!!R>\<,,/1SQQQ1<O.R``
!.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>58
<FILENAME>infocirc-cover.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 infocirc-cover.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``(!`0(!`0("`@("`@("`P4#`P,#
M`P8$!`,%!P8'!P<&!P<("0L)"`@*"`<'"@T*"@L,#`P,!PD.#PT,#@L,#`S_
MVP!#`0("`@,#`P8#`P8,"`<(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`S_P``1"`.P`ML#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#]_****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
M*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH
M`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
M*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH
M`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
M*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH
M`****`"BBB@`HHHH`****`"BBB@`HKXU_P""PO[6?Q`_9*\*>`M4\!ZQ;Z8^
MJZA=6U\D]E%=)<*(E9.'4XP=W0CKWKT#_@EM\<O%W[1G[)MEXL\:ZFFJZU?Z
MG>)YJ6\=NJQ))L1`D8``&#UR>>M1[1<_(6X/EYSZ*HHHJR`HHK\J/VA_^"EG
MQK\#_MR^)/A]I'BNUM]`A\6PZ9;(^DVSS00/+$#&'*9(PY&3D^]9U*JA9LTA
M!S=D?JO17B7QAO\`Q=I7[3'A"PTWQGJ^GZ#KEAJ%[<Z;'86<D2M9I`542/$9
M`)#(V[YL\#:5KPK]F#]MWXG?%KQ=\(-!UA/L\_FR1>,[HV"QQZDUS9S76G"'
MY<(#"GF.5Q@X7VH=1)V!0;5S[BHHHK0S"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHKE?B[\9-%^"/AR#5=>>ZCLI[A;4/!`92KL"1D#G'RGFLZU:%*#J5'9+=
MLJ,92:C%7;.JHK@O"7[2GA+QA\/+[Q5%J+66A:?.UM+<WL9@!=0I(4'EL[@`
M`,D]J\MUS_@IEX,L;]HK'2]<U&)3CS@L<(;W`9MWY@5P5\ZP-&,9U*J2EJM;
MW7?3IYF\,)6FVHQ>A]'T5YA\&/VNO!WQNU`:?I]U<6.K,"RV5\@BDE`Z[""5
M;'H#GVKT^NS#8NCB(>TH24EW1E4ISIRY9JS"BLCQMX\TCX<Z!+JFN:C;:;8P
M\-+,V`3V4#JS'T&37CT/[>VC>(]1EM_#/A7QAXG\DX>2TL@$'OR<C\0*QQ69
M87#R4*TTF^F[^Y:E4\/4J*\%='O%%>*>'?VZ_"5UKZ:5X@L]<\'W[X`75[0Q
M1C/3+#.![D`>]>T6]REW;1S12)+%*H='1@RN",@@CJ#ZU>%QV'Q*;H34K;]U
MZK="JT:E/XU8?17D1_;=\"Q>+UT&>?5;;5!?_P!G/%-8N@BE\S9\QZ`;N^>E
M>NYIX?&T,1?V,U*V]G>WJ%2E.%N=6N%%!.!GTKS?X:_M6^#OBQXWE\/:/=W<
MNI1+*^);9HT81L%;:QX/7(QU'-55Q5*E*,*DDG+1)]?0F-.<DW%72W/2***H
M>*?$MIX-\-W^K:A+Y5EIL#W,[XR515).!W/'2MI244Y2=DB4FW9%^BN.^#GQ
MRT/XZ:1=7^@_;WM+200O+<6S0J7*[BHSU(!&<=,BN4_:?_;D^&O[(5E"WC7Q
M`EM?W2&2WTRUC-S?3K_>$2\JN?XFVK[UE2Q%.I356G).+V?0J5.2ER-:GKE%
M?(EG_P`%6+W7]`;6]&^`?QJU3P]M\Q-03245)$_OA=Q)&.<C-8O@W_@N9\-?
M&&IM81>#?B:=0C#E[:VTF.[E4+]X[(Y2W'?(X[U7MH=Q^REV/M6BO!?V6O\`
M@H1X6_:T^(^K^&="\/>-=(NM&L?M\LNMZ8+.-T\Q8]JY8L6RV<$#BO=KV\CT
MZSFN)W$<,"&21ST50,D_@*M235T3)-.S)**^4_!__!7GX9_$/]JW3/AAHXU"
M2+4VDM8]=N4-M:M>#_5P)&X$C!\$!R%!;:`#G-<SXE_;,^.?P?\`VZ?!GPR\
M8>'/!TGA/QGJIMM/UZRMKE/MMOL=L+NE*I.N`&0YQU&00:AUH[HKV<C[2HKP
M=O\`@H-X+\-_M3:G\(O%1G\,>)HIH%TJ>Y^>SUI)T5HO+D`^20EBNQ\9*G!/
M2O>.:M23V(::W/S_`/\`@X+M6D^`W@&;(VQ^(70^N6MI/_B37K'_``1B@$/_
M``3[\),$V^;=7[YQC=_I<HS[],?A7E__``<#?\FZ>!_^QE_]M9J]<_X([?\`
M*/'P'_O7_P#Z77%<Z_COT-V_W*]3Z<HK*\;>.-'^&_A6]US7]3LM'TC3HS+<
MWEW*L4,*CN6/'L!U)P!S7QUXY_X+L?"S1_$;:;X9T'QGXT=&*^=8V2Q12X.,
MH)&$C#W*"MYU(Q^)F482ELC[:K\1_P!I333-_P`%@-4MD/,OQ"TY@6Z<RVS'
M^M?HY^S9_P`%8_A=^T5XTMO"[MK/@WQ1>-LMM.\06PMC=O\`W(Y`2I8]E)!/
M8$U^>OQUM1??\%I;J%BP5_B#IV2.O_+L?Z5S8B2DE9]3>A%QD[KH?M(T2LX9
ME4LN0"1R,TU;2)"I$48*XQA0,8&!^G%245UG*%%%%`!1110`4444`%%%%`!1
M110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%
M%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444
M`%%%%`!1110`5X/_`,%%X#/^SJS<'RM4M7^G+#^M>\5X;_P4._Y-PN1ZZA;?
M^AFO(S__`)%U?_"_R.O`_P"\0]4>-_L/?!E?C59S-XB+WGA/PS=%[7322(;F
M\E`+/(!]X*@7@_WO3.?KFX^%_ANZTAM/D\/Z*UDR[#!]BC\O&/3%>.?\$W8U
M7X!73@`,^L3ECW/R1C^5?0%<7#6!HQR^G-Q3<E=MZW[+T2T2-LQKS=>2O9)G
MYX_M4?"@_LW?'",Z%+-:VLBIJFEL&)>U(8Y0'KA74XS_``D"OO3X<^*O^$W^
M'NB:RP"G4[&&Z<#@*70$C\"37R?_`,%/U`\;^%&[G3[@9_[:+7O/@"]FT/\`
M8ZL+E,K/:>%C,GJ"ML6!KR\EC'"YIBZ-/2"2=OQT^\Z<8W5PU*<MWH?*?Q@\
M;ZE^UW^TM::):W,B:4;XZ?IR#)2&)21)/CNQ"LV?0`=J^Y/`'P_TKX8^%;31
MM&M8[2QLT"JJ@;I#W=C_`!,>I)ZU^>O[*4/BD_%VQN/!]IIM]KMI;2R1QW[[
M8`A7:Q)R#G#<?6OK.R\0?M`;6,N@>`"3T#7DH(_(UR\+XU/VN,K4Y2J3ENHM
MI+32_P"G:QKF5+X:,))12V;L;W[7/P:LOBW\'-5,D$9U72+=[RPN-O[R-T4L
M4SUVN`01[@]0*\@_X)N?&:[U'^T?!=].\T%K!]NTWS&R8DW`21#_`&065@.V
M6KM];O\`]H#4;"XMQHG@(QW2-&P6YD)0$8/4\UQ'[(_[)7C?X/?&JTUK6[:P
MATV*SGA=H;Q96+,`%&T`<9%=F)E5GFU#%8:E-?9FW%I->?I^B,:?+'"SI5))
M]5K?4XG_`(*&_#)O!?QCM_$%JIBM_$<(E+J,!;F+`;\2NQOKFOK_`."WCI?B
M9\*M`UU6W/J-G&\OM(!M<?@X85P_[<7PR_X6/\`]2EAC,E_H)&I6^!EB$!\Q
M1]8RWX@5PG_!-/XCC5O`VL^&)I,RZ1<"[MP3R89>N/8.#_WW5X6/U'/9TMHU
MES+_`!+5_P#MWWHFJ_;8*,NL';Y?U8]>_:<^(H^%OP,\1:L)/+N5M3;VQS@^
M=)\B8]P6S^%?#/PFOM0_9Y^/'A:^U:)[,HUO/,">6M;E,%O^^'R1V*GTKZ@_
M:R#?%KXQ^`?AO$S-;W-R=8U4*>!!'D`'Z@2?B17*_P#!2SX6K+HNA>*K:(+]
MD;^R[K8,8C;+1'CT8,/^!"N/B.G5KU)XVD_]W<;>;WE]UX_<S?+Y1A&-&?\`
MR\O]VR^_4^K5;<`0<YKY^_X*&^/Y=&^%=CX8L=SZCXLO%MQ$OWGB0@D?\"<Q
MK^)KN_V4/B3_`,+2^`^@ZC(^^\MX?L5WZ^;%\A)]R`K?\"KR[1K/_AH7]NB^
MU%_WVA?#B)8(NZ/=`G'X^87/_;(5[N:XOZS@H4Z#UKV2\DU>3^4;G#AJ7LZT
MI3^Q=_-;?B>I>`?"UM^S'^SB8V193X<TN;4+TKQY\JQM+*<^Y!`]@*_*[_@F
MEX,D_;U_X*#7GBWQ_P#\3[[%!-XDO(;D;XI91(B6\)4\>5&7!"=,1@8QFOV!
M\>>%8_'/@?6=$F<QQ:Q8SV+MC.T2QLA/X;J_(?\`X)<^(IOV(_\`@H=?>"O'
M7_$DN-1MIO#4[W!V1K/YB26[[NA279A6Z'S%YKU'2A25.E!6BM%\MC*$W+GD
M]V?L8JA5``P!T`X`K\L/^"W'PU'[/7[1'@+XI>#)F\.>(/$'GM//9'RF:\M3
M&RW!QP69)`K=F"\YR<_JA7Y-_P#!<SXV6WQD_:%\'_#OPT3K=_X526.XAM!Y
MKM?W31JMLNWK(%C7('0O@\@UMBFN0SP]^<_2/]E/XSG]H?\`9R\&>-GB6&?Q
M#ID5Q<1J/ECFQME`]A(K8]J^>_VQ_C1^T3JG[2FAZ#\#O"=Y<:-X97S-9O\`
M4K9(=+U:>0`_9S+*5RD:8):([MSG^[7O/[&OP=NOV?\`]EKP+X.ORK:AH>E1
M17>TY59VS)*`>X#NP_"OF[]CCXI?M&?M*_M#^*[O4_$=GH_PH\+>(KZP23^Q
M;<3ZL(+F2-;>%RN=H"@/+^`^;)%2;LD[W?84;7;6R[GT99_!#2_COX&TN\^*
MGP]\()XH4++<1PE;[[),I!#17)1)`<@$8P1ZGK7?>(/!FE>*SIQU.PMKYM(N
MTOK)ID#M:SH"%E0GD,`2,CL2.A-:8[^]%:V1DVSQ#QU^QAH'C3]M'P[\9-4>
MW>3PMH;V45JZ<-<B1FCN6)X_=QO(!W!*G^&N`_X)J_M_2?M@:U\1-%U%7-_X
M<UJXN=-F6(B*;3)9F$"E@,;X\;2"<E2IYYKZ@\4:%;^*?#6HZ9>-*MKJ-M):
MS-%(8W".A5BK#E3@G!'(ZU\A_L[?MA?#^S_;"T3X"_!O1=$L_!FB6-[+JFH6
M2#R[FYA0!8H6!S)M).^5BQ8C`)`).<O=DG>U_P`31>]%^1R/_!P-_P`FZ>!_
M^QE_]M9J]<_X([?\H\?`?^]?_P#I=<5Y'_P<#?\`)NG@?_L9?_;6:O4O^"25
M\VF_\$UO!]RH)>WBU*11C.2+RX/]*S7\=^A3_A+U/AC_`(*G_M1:_P#M@_M8
M1_#'PU-)-X>\/ZJFB6%I&Y\O4M29Q$\[X^\%<E%SP`K$?>-?IE^R#^QQX2_8
M\^%]CH>@V-M)JOE*=4U=XP;K4IR!O=G/(3.=J#A1@=<D_D-_P3*L1\0/^"BG
MP^FO<R23:O=:HQ?J94@GG!/ON%?NI4X;WFZC*K^ZE!'F'[4?[)/@_P#:R^'M
MWHGB33H/MI0MI^K11A;[2IP/DFBE'S`JV#C.#C!K\>O`)\2ZU_P5#\-P>,IE
MD\5P>.;*QU2<+@33V\D<)EQ_MB(-GONS7[J5^/'QIT^#3?\`@NA9I;@!9?&^
ME3/C^^T<!;]:>)BKQ?F%"3U7D?L/11174<P4444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4
M444`%%%%`!7AG_!1!PG[.,X8X+:C:@>YW&O<Z\:_;G\"ZY\2/@U!I.@:9<:I
M>R:G#*T<14%457)8EB!C.!^->5GD92R^M&"NW%V2U9U8)I5X-]T8O_!-[_DW
MZX_["]Q_Z#'7O]>(?L'?#[7_`(9_"[5-,\0Z5<:7='5'GB24J?,1HXQD%21U
M!%>WU.0QE'+Z,9IIJ*5GHQXYIUYM.^I\9?\`!3^;=XZ\+QXY33IVSVYD'^%?
M2WPS\.IKO[.6@Z5(W[N_\.P6['':2V`/\Z\)_;W^"'B_XJ_$K1[GP_H5UJEI
M:Z68I)8F10LAE<[?F8<XP?QKZ+^$6GW6D_"KPU9WT#6UY::7;03PMUC=8E4J
M?<$5Y.6T)_VOBYU(M1DDDVG9Z):/J=6)FOJM)1>JN?"G[,&NM\"/VH["WUO_
M`$3[/<3:/>%SM6(O\@8^V\(<^AS7Z&^WI7@_[5W[&5O\<+EM<T6>#3O$BQA)
M1*"(+]0,`.1RK@<!L'C`(Z$<3X!^,?QD^`>G1Z-XD\#:GXHL+(".&YA)DF5!
MT'FH'#@#IN`;WKFRMU,FE/"XF+=)N\9I-KT=M5T^=^AIBN7%J-6FUS)6:;M]
MQ]74P7$9N#%YB&8*'*;AN"DX!QZ9!Y]J^?YOVE?BA\081:^%/A=?Z9--P+W6
M9-D,/O@A<X^OX&NW_9X^#FN_#M]9UCQ7KIU_Q+XB:)KJ15Q%;+&&VQ1YQ\HW
M'H`/0>OT5#-%B*JAAX2<>LFG%+3I=)MW[+SN<$\,Z<6ZC2?17N_PV/2;FVCO
M;:2&9!)%,I1U89#*1@@_A7P9\*M0;]E;]LF73+J4PZ:EX^F3NYVJ;68@Q2'V
M&8SGV-?>U?*O[>/[->O_`!`\=Z5K_AC2)M4EN+1K:^2$JI4QG*,=Q&<JQ'_`
M17E\4X:JZ5/%X>+<Z4DTDKMI[K3SM\KG3EM2/-*E4=E)'4?LIEOBW\:O'WQ'
MF#-;RW`T;2F(X$$>-Q'U`0_B:]6^.?P\3XI_"37]!90TE]:,(/\`9F7YHS_W
MV%JE^S;\-6^$OP5T'19HQ'>0VXFO!W\^0[W!]<$X_`5W->EEV"M@52KK6:;E
MZRU?YV^1S8BM^^YH;+;T6Q\(_L@_M%+\$O"7CJQOY!&R63:A8Q.<9NT_=F,#
MU)*''HAKZ/\`V)/AI+X`^!]G=WJL=7\2R'5KQV'SDR<H#_P#!^K&O"/'G[%G
MB#6_VH+E(-'F_P"$1U'55NI+U601Q0OB21<9W9!W+T[BOM2"!+:%(XU")&H5
M5`P%`'`%>!PS@L3&;6*32HWC&ZWN[MK[DD^S._,JU-I.F]9V;^2T0ZOS/_;.
MU;1/^"C?_!0'3_@AI6DZ)HS>&GFBU/Q=);F35"8(S)-;P8(!0$[</N^;<PP!
MS^F%?CO_`,%)/A!=?`_]NVZ\3_"[QHFH>,/$6H-J(T;19))M<T>[=?WF4C4@
MQN23@G(#$%2N"?K<0_=78\VAN^Y]N:7_`,$R]7T3PRNB6?[0OQPM]&5!$+5=
M5@^5,8V*YBWJ,=@178_LP?\`!-KX5_LI:V=:T+2;K5?$K;O^)SK-P;R\0M]X
MH2`L9.3DJH8YY)KX8T#QE^WY?Z;'-!:>,O+49'VO3]/BE/?E9`&_,5C^*_\`
M@HO^UY^S'J=O-X]L)H+2:3:B:WX;CBMK@_W5FA"\GT#_`(5'M(+5Q9;A-Z*2
M/UZKXE^-GQ0^+.K?\%)O`GP=L4M?"GPVN''B#S-)0QRZU:0*TLZ2R\;!YPV-
M&F,[P26W"O2O^">'_!1'2/VZ/"FH12:>-`\7Z`J-J6FB7S8I(VR%GA8X)C)!
M!!&5.`<Y!/N_BGPG'JTHU.UM[!?$>GVEQ!I=]<0^9]D:51GI@E"R1EE!&=@K
M=^^DXLQ7NMIHM:'XJTWQ+/J$6GWUM>2:3=&RO%A<.;:<(KF-L=&"NIQ_M"K^
M:^*_^";WP>^*_P"S#XS^+GACXC137S:_*?$UCXAMI#-9ZC<-N2X96(RDA/E-
ML<`@#C(&:H_L)?\`!123]LOX=:G\-_$VL7/@_P"*:VTMOI^K6\0B74BH.RXB
M##9YR8!>(C#`$C@D*E5VOHV-TWK;6Q])_M6?M+>#?V9/AI-JWCF#5;G0[T-:
MRI::5+?)(&7!23:I1%8''[PJ#7C_`/P3T^*/PW_:3\1:YXH^'WP8T?P1HGAX
M_8+77VTZTM+N]F<`O%&L*$JBIC<=_5U&.N.>_8X\>?M5^/?&VI^'/BAX7\(W
M7A'2[N33]1U75+0VDVHJC%6-M''E)D<<AF14P>I.17UG\./ACX>^$'A6+0_"
M^CV&A:1#+),EI9Q"*)'D<NY`'JQ)_P#K4DW)J73T"5HJW4^'O^#@JZ*?`/P%
M#C(D\1.Y/<8MI!_[-7JO_!&[&H_\$\?"<$K>9&)]0B*Y^ZINYLC]3^=<9_P6
MK_9W\>?M&>!_A_IW@;PS?^))=/U*ZN;P6SQH+=?)54+;V4<DG'T->C?\$FOA
M1XJ^"?['>G^&_&.B7>@:S8ZI>DVMQL+F-Y=ZOE200<]0>U2K^V;MT+;7LDO,
M_,/X!L_[&W_!371K37F^QQ>%_%TFFW<C<*D$S/"LO^Z8Y5;/H<U^Z0KXJ_X*
MB?\`!+:3]K2Z3QMX)DL[/QW;0+;W=M</Y5OK<*CY`7_@F4<!CP5P#C`(XG]G
M_P#;O^/?[-GA2R\'?%/X'>/O%4VDHMI:ZOI=N99YT7A1(5#1RD``>8K@G'()
MR3%/]TW&6PZG[Q*2W/T&O[Z'2[*:ZN94@M[:-I99';:L:J,EB3T``)S7X=>"
M_B_;_&W_`(*OZ)XSB<BQUWX@V]Q;,W_/N)UCB/XHJ?G7WWXQU'XW_P#!133/
M^$4_X0[5?@A\,=0(37=0U:=3KNK6_P#%;00K_JE<<,S=CU/*GYQ\5?\`!/KX
MA>'?^"DVF:WX7^'6HVGPYT+Q-IGV.ZA>$01VD"P*T@4OO(&UB3C).316;DU9
M:7'1M&]WJ?J[11176<H4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4
M444`%%%%`!1110`4444`%%%%`!1110`4444`>1_MX_&S4/V=_P!D;QSXNTG`
MU;3-/*63D9$4TKK$C_\``6<-SP=M?-/_``0>^%>F?\*)\2_$.[4:AXM\1Z[<
M6MSJ,_[VY$4:H=N\\@N[N[<_-E<]!7U]^T5\%K']HKX'>)_!&I2O!:^)+![0
MS(,M`YYCD`[[7"MCOC%?G-^QM\<_%7_!(SQWKOP^^,GA[5[?P1K5Y]KM-=LK
M=[BSAGVA#,C+P\4BJFY?]8A3[IYKGJ.U12>QO#6#BMS]3:Y'X]_#C1_BY\&O
M$WAW7K6"\TO5-.FBF2500GR$JXST93A@>H(!KSW3O^"EGP$U32!?1?%?P:("
M-V);X12_]^VP_P"E>`_M._\`!1ZZ_:?\/ZA\,OV<='UGQOKWB")K&\\006KP
M:=I4$@VNRRR`#<5)&]L*O4%C@5I.I&V]R(PE?8^=_P#@@9H%[<_M9^);Z$NU
MEIOAN2&YD&0K,]Q$(P>Q)V.?P-?KM7S[_P`$Y_V&K+]A[X+-I<L\&H^*=<=+
MK6KZ($(SA<)#'GGRHP2`3R26;C.!]!4J$'&"3'6FI3;0$9X/-5TTFUCD5UMK
M=74Y#"-00?7I5BBM3(.E%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%5]3TFUUNQDM;VVM[RVE&'AFC62-QZ%3P:L44`<#<?LI_#"[OQ=2_#OP/
M)<@Y\QM#MBV?^^*['0?#>G>%=/6STNPLM-M$^[#:P+#&OT50!5VBBR0VV%%%
M%`@HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H
MHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H
MHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H
MHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H
MHHH`****`"BBB@`HHHH`***\[_:X_:#L?V4?V8?'WQ(U&/S[?P7H=UJJVX^]
M=RQQDQ0+ZM))LC4=RX%15J*$'-J]E?3?3L73@YS4%NW;[SF/@G^WEX-^/'[3
M_P`0?A1I%CXBM=>^'J+)+?7MM%'IVMJ)6@N#8R+*SR_9IU\F;>D>V1E`W`YK
MVNORE\'>!OCI^PK;?LR_$[XB^$OAQH^C^$=4N=!\>:UI7C*]U/4=13Q9?0O<
MSSVDNEV\<")JSVLQQ=3",!E&\$N.:\>_`/P?<?LG_M=?%N70K67XF^!_C?JE
MQX:\32,[ZGX;:'4]/=?L,Q.ZT5FD<R+"467<?,#YK6$7=4Y;Q4N=KO"5-/E7
MG&I&5FUK=7ZKGJUHJ+JQVDURKRE&;5WWO3=[+JOG^O\`17YE?&7]E[P!^T'^
MU'^WMJ/C?PMIOBF[\+>%]%N=$;40TZZ)<GP_._VNT4G;;W0:*/%S$%F4(`'`
MXK9^%?[0&C?`[]KGX)_$_P"+/BRTT#2_'/[-^GZ=;ZWK5P8QK>L+>6MU-:QR
M,/W][(LX=8$+32_-L1L&LJ-13ERRTVN^BYH59Q^;=/EZ:R5K[&E67+%2BKWO
M9>DZ<9?<JG-Z1=[;GZ.5Y-\7/VH?^%5_M3?"#X:?V']O_P"%K#63_:7VWRO[
M+_L^T2X_U7EMYOF;MOWTVXS\W2OS5\/_`!/\)#]A+]FGPEX]M_A'X=\)>*I_
M%U_/XD^,^@7.I^%-,GM]4G:*QETN6YLH6U*8/(T37,J2PI;7*HC-(X'0_P#!
M/K5;K5-8_P""?\=S=R7BZ9)\2M,M6:TGLEBM;8SV]O$EO.S301QPQQQI#(S-
M$B*A)*U=/FDN9JUFU^$M^S36SU>ZTWF<TE!K[2O_`%W5NJVV/T<_:/\`VG_#
MO[,N@:5-JUOK.MZYXEO?[+\.^'-$M1=ZOXCO?+>3[/;1%E7A$=WEE>.&)%9Y
M9(T!81?`[]H35_BSK^HZ5K_PI^)GPQU"QMTNX5\31:;<6]_$S,I,5SIMY>6X
M=6`S%)*DN&#!"N6'AW[=VLI\`?VV?@-\:_$UK<CX9>$],\1>&_$.MI"\T'A*
M745L7MM0N0F3%:DV<D,EPR^7#YJ-(R(2Z^-R?M(^//BCK/[1.@_`WX^ZW^T3
MIFG?!ZYU30=0TPZ!?)HGB6>6\CM[2"\TBSMD\_RHD=(97>3[K=P3E[6T7*UW
M:;:[<JDTK]')133>CYE&R?O/I]ES2BKVNXKUYI*+?HKZK=6<M5H?I!17XV_"
M;X7^!K_X0^-O&7P^^,/P'U+48?@[XC@\6>&OAQ\/KS2-8U/S],+J_B:=]7O'
M2^AG1BKW\27#2-=+NW-*![1^S?\``;PM^SW\4/V)/$?@/0+/0O%/Q&\"ZE!X
MHU*W9OMOBW_B007B#49V;?>%;A$=&G9VCQA2JY%:U'R>T;UY%&]M6W)U$DNC
M_AK6_P!K2]M>7VMU"R^-NU]+<OL[W[/]YM_=Z7T_2JBOQ[_X)Q_#&R\=_$CX
M0:_K'Q@^#&B?M":#J\ESXYT+3_A]>K\4]2F"SPZA8:Y>'6)9WLRS9\^>S6U7
M9:/$$00"NB_92\'>"?V9?^"%TGQ9MO`6AZ[XO\3I-I^OZ[J27#.+"3Q`UN6U
M"X@(N7T>SA59I;02)"\%O)&VQ7=PF[1O=/IH[IMVM9[<K;^)M6W:M9FUOWKI
M?U:[3NMTU;:VM[7NG;]"?VX_VH?^&,OV7O$WQ)_L/_A)/^$=-H/[.^V_8_M'
MGW<-M_K?+DV[?.W?<.=N.,Y&[^U!^T+I'[)_[/OBWXCZ_8ZOJ>C^#M/?4;NU
MTN.*2]N$7`V1++)&A<DC&YU'N*_'C6Y_#VC_`++'[:VA^!_$?PF\0>!HD\"Z
ME92?"[PRWAWP?)=2Z@8;B:SMA>7<+NPMHHY9H)BCO!M(#QN!^EG_``60_P"4
M7WQK_P"Q;E_]#2JJ0:B[/5];=XQ?SU>G<SHSYJCBUL[?C_7H=]\,OVT_`_Q0
M_8ZMOCE!=W6E>")-"FU^[.HHD-UI4<".UQ!<(KLJ3PM')&Z!R`\;#)ZTS]A_
M]LGP_P#MY_L]V'Q'\-:+XH\/:;?7U]IS:=XAMH;?4;6>TNI+:9)$AEE0$21-
MC#GC&<'BOAKQGX+U[3_VU-7_`&.;+3KT_#_XK^)K3XQ37<=LB6-CX:$OGZSI
M9(89-QJ]O$C+@@Q:O+G@`'S^YEUB'_@FUX;A74=#T3X?3_M&>+(?'FH:_H\^
MK>'K326UO6U0ZM:PW5JTNG&\-H)@\R0@%3-F(.K-233G:RE:ROL^:$9:]4I2
M<+]Z<GLTQV?*EU3;;[IPG.*MTDU!2MVG%'[`UR_Q;^-'AKX%^']/U7Q5J7]E
MV&J:O8:#:R_9Y9_-O;ZZCM;6+$:L1OGEC3<0%7=EBJ@D?D]X\^&</PV_9KBF
M\%?%[X+>)/@-XH^*VF3^*I?"WP^O(?A;X6L#IMQ#,DMK#K#PW&FS7XL6NTBO
M$MHIBYG7:TR&+XN_LP_"?2OV*=7\2W/BCX$_%CX5V7QA\&ZS&WA+P(NF^!?!
M5H=5T^WUC[$TMY?VRVTT*DW8@F6)6,XD4%W%*G:52,6[+FA%_P#;SI\WHDIR
MM)IJ\=M;)RNHW2NW&;7_`&ZJEO5MP5XK6TM^_P"L0^*^?CH?`W_"->+>-"_M
MS_A(/[._XD1_TCR?L?VG=_Q]_P#+3RMO^K^;/:NLK\S?VD?^$._X:+^)7_"O
M?^$:_P"$&_X9!U3^P?\`A'?(_LG[%]MF\G[+Y'[KR=F-OE_+C&.*F_9R^!'A
M']GCXF_L2^)/!>AQ>'_$7Q%\":G#XMU2QW-J/BM1X?@O%^W3,2]XZ7"*\;3E
MS&1M4JN167M;49U9+2"=^[_>5XI6V7\)7UTOU:UFI+EJJFM>9JW;X*,GKZU7
M;3ITOI^EE%?BO_P2<\%^!OBC\>?V:O'/CCP/X'\(^+=.TO4KFT\77O@_Q`NM
M?%;6KZ!94FNM2U'1[6R:]CCCN)]T-_?2.XD\AQ%O+?:__!3'4O!4'[3GP/MO
MCF-#7]GF>VUTZRWB<1?\(H^O".U.F)JAF_T?;Y/]H&$7/[HSA",RB+&]2/)R
MIO=M7Z:7Z]W;1-)W<5U-+>].*^ROG]W;NTW9)OH>_P#[8G[2C?LK?!E?$EMH
MJ^(]7U+6M+\.:1ILEZ;&"[O]1OH;&V6:X$<IAA$LZEY!'(RH&(1SA2SXW_M,
M/^RM^R-K_P`4OB/H$B2^#]&;5=;TCPM=G5V#(!NAM)9X[3SSDX4ND.?05^;'
MQ'^!'P_^)G[+6M_8O"OAOQ+\#U_:5\*0_"^*^TV&]TF#2+K5-%@U--*$B,J:
M9/=MJ"*L7[B2-G$8,++G[4_X*Q>$=*\`?\$E?BUH6A:9I^BZ)H_A(V5AI]A;
M);6MC!&8TCBBB0!4C50%55``````I>S;PTJB=FY67DG2ISLUW3G9[[6TMJKI
M5XPW5KOS]^<='V:AIMOUZ=IX5_X*&?#_`,=?!/X1>/\`1O[;U+0/C/K-IH.C
M>7;1K/97=PDS&.[1Y!Y1B:WECE"[V5U(`;DU[I7Y7_M+>%-7_8^_X*)?!OX>
MVFER?\*H^,OQ9T[Q[X;FMX\0:#KD=O<IK%@V#A$N?-AO8Q@`R->=>@X:/X9P
M_&#]I3QS#XZ^+WP6^'/QYT[XK7<^@Q:Q\/KS4_BE!80ZD)M-32;I=8CFETV6
MP\M=EK9M;"&2Z$BLPN'*H255WM9.<EZ**I)I+>34IRL].9).R3,ZG-3A>][1
MB_5R=5IWV2M"*ENHR;6K1^Q-%?D'^T-\//%J^-_B!\`/"%E>QW_P1\7ZU^T%
MX;@LY6@AOK?RHM1TRS)5@P275KW48MI#!OL38VX&W[1_X)::W!\>]%^)WQ]@
M+R67QM\4O>:$[JP)T33X4TVQ(W`,$E^SSW(&`/\`2B<9)RJ/[R'.OY5+TO9*
M+_O<WM(M?].Y:]%=7W)6Z.3BN[M=WMTBX\DKO^=*W5]KXV_;JM[3XI:YX/\`
M`7PU^)/QCU;PE(MMXCE\)C2H+'0+EHTD2TFNM3OK*&2Y,<BNT-N\KQ*R&41^
M9'O];^&WCE/B5X#TK7DTO7-$&J6ZS-I^L6+V5_9,>&BFB;[KJP(."5.,JS*5
M8_`7PA^+?A7]E#1?BQ\)/BG\:I/V8O&$OQ,U_P`8:7XBN[K1]/7QAI6HWLMW
M!/9W&L6]S9W("SK#-'&IFA>`!@@92_*2_%R'XN?"W]D/Q#^U?>V>H_"/Q-X?
MUR]\37_C73[:P\-ZAKI\@Z/)JT31Q6B*]I]LD@$T:0M,8V4>;Y.)I3YJ<)=U
M%MO9.47)JZVLTX)/WG)):-LNI&U:<>D>:WFHNR?>S5I76BB[ZV1]U?M6_M0_
M\,QR?#1?[#_MS_A8GCK3/!7_`!^_9O[/^V>;_I/^K?S-GE_ZOY=V[[PQS;_;
M,_:/_P"&1_V9_%7Q%_L;_A(?^$9BAE_L_P"U_9/M/F7$<./-V/MQYF?NG.,=
M\C\YK+3=.T_1/!+>!R5^"-Q^UEH4GPUCMS_Q*ETTV2_:FTP?=&G-J/VXP^7^
MY(W&$>44)X+]L"W^#6J_`/\`:-7XBIIUS^U;:?$747MA,MP_BN'21J41TXV_
ME_Z0NAC2F@)(_P!!R7\S]X7JJ*YHM/=MM=TO9T)*-NLDZKO\U?16PQ,G"[6R
MBO2_/73E?HK4TNVJ[L_6O]I;X_Z/^RQ\!_%'Q#\0VVIWFB^$K)K^\ATZ-)+J
M1%(!$:NZ*6Y[LH]Z[>&431(XSAP&&>O-?-7_``60_P"47WQK_P"Q;E_]#2OE
MOXK?LO>`/V@_VE?V\-1\;^%M-\4W?A;PIH=SHC:B&G71+D^'IG^UVBD[;>Z#
M11XN8@LRA``X'%88BNJ-.=62NHIR?>R[>?S1O2@ZE6%)/63LO6ZM?[WW/T[H
MK\NK[Q3\)_&_Q9^%^K?M?7O@^^\`ZG\!]!O?"=S\1;B!M"OM;D9WUB:,71\E
M]4,;:>0V//\`+9O+X,F?OKX(?M!>`?&_BK4OAWX6U?4[K7?`FB:1>ZAI^I6N
MH)>V-G?0NUDTTMV@>25TA<L'9IE93YH5CSVU:+@Y1;NU*4=/[LI1U[-\MTNW
MH<T*RG&,ULXQEK_>C!JW>SFHMZ6E9:W/2Z***Q-@HHHH`****`"BBB@`HHHH
M`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"B
MBB@`HHHH`***YGX8?&OP;\;K+5+GP9XN\,^+[?1-0ETG49=%U2#4$L+R(`R6
MTQB9A',@9=T;89=PR!D4;Z?U_6J^\&=-17,^%OC7X-\<>/\`Q#X3T7Q=X9UC
MQ3X1,0US1K'5(+C4-%\U=T7VF!&,D.]>5\Q5W#D9KIJ.B?<'NUV"BBB@`HHH
MH`****`"BBB@`HHK,\.>-]&\87.J0:1J^F:K-H=XVG:C'9W4<[:?=*B.T$P4
MDQRA)$8HV&`=3C!%'E_7]:H&S3HK)\?>/=&^%O@?6/$OB+4K71]!T"SEU#4;
MZY?9#9V\2%Y)'/954$GZ5F?!OXPZ/\=_`-IXET&'Q%!I=\6$(UOP]J&@W;!3
MC<;:^AAG53U5C&%88*D@YH6M[=-_*^P/2S?7;SMO]USJ:I^(M`M/%GA^_P!*
MU"+[18:G;R6MS%N9/,BD4JZY4@C*DC(((JY12G%2BXR5TRHR<6I1=FCYD^$7
M_!+W0?AEJOPY35?B7\5/'WAGX0.L_@KPSXBN-+.F>'YH[=K:WF#6EC;W5S)!
M;R211F[GFP'+$-(%<?3=%%7*<GN[]?-M[MO=MV5V]79=B%%+9;*WHELEV2N[
M)::ON%%9/CGQ]H7PP\+W6N>)=:TGP]HMEL^T:AJ=Y':6L&]U1-\LA"KN=E49
M/)8#J16M4W&%%%%`!17GGB7]KOX3^#/C%9?#O6/BA\/-*^(&I/$EIX8O/$=G
M!K-TTO\`JECM'D$SE_X0%.[MFNM\)^/M"\>C4CH>M:3K7]C7\NEZA]@O([G[
M#=Q8\VVEV$^7,FY=R-AER,@9H3NKKS_"R?W-I/U0-V=GY?C=K[[.WHS6HHHH
M`**Y,?'+PL?CH?AK_:G_`!6RZ%_PDIT[[--_R#_M'V?S_-V>5_K?EV;]_?;C
MFNLH3NE);._X-I_<TT_--=`;U<>JM^*37WIIKR:84444`%%%%`!1110`4444
M`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`
M4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1
M110`4444`%%%%`!1110`4444`%?D!^Q#\>M&_P""8%C?_$WQ'));?#WXRVOC
M">]_?HBMXFT/6M3>WAB0XW7%]IY:)1G+-IT2C)(K]?Z\;\0?\$^_@]XL^%?A
MGP3J?@JUO_#'@[Q2OC31[&>\NI!9:NMW+>"Z#F3>W[^>9BC,8R)"A4I\M3*+
M;33MNGZ/1OS:3YHIZ<RC?0=U:S5]GZM:I7W2;LFUKRMV/A?]@71;W]C+]I;]
MH3Q5\0]7L]`\6O\`!CP_X_\`&^K7=I+J-OIVJ75YX@OKQFAB82SPV[-Y21(X
M=HK=$5LX-=#X5_;1^-G@;Q?\3],U:]^+]MIUU\$]7^(/AR?XC:7X1BO]/O[-
MU"2VB:(67[.RW,9:&_0RJT*<D&05]TZ_^RG\/?%GCCQGXBU;PQ9:IJGQ#T"W
M\+>(C>223V^JZ9`;@QVTD#L8=H-U<9*H&8288D!<<!\/O^"77P3^&D^K3V'A
MO7KV\USPQ<>"[R\UGQ?K6M7;Z+.(P^GK->7<LD<`\L%$1E$1:0Q[#(Y98A2G
M&48>[[LHQ2O9-JKRVZI1<J=FM4HO1Z%PDE-3G[S<H2DVE=\OLN;_`,"Y:EUL
M[QU5Y'B_[.GQL^+WA#XG?LR:AXT^*MSXZTKX_P#A2]O]<TF[\/Z=I]AH5U#I
M4.HQ3:>UM$EPBX\R-TN9K@-OW*8\!:Y3X$_MQ?$SQ-^UK\'M1M]8^*'B'X4?
M&;^VXK>]\4:)X9TGPS?I!8RWMK>:-':2-K5M&?LS835-Y:&?+$2!37VK:?LN
M^!+*?X>2IH*[_A392Z=X6W7=PZZ9;R6@LWC(+D3`VZA,S;SWSNYKS+PC_P`$
MKO@W\+O$5AK_`(0\/ZCHOB/PW'?CPO<77B#5-4L?";7D,T4RV%A<W3VMM;L)
MV+6T,<<+;(_D_=QE-,9.]2K.BM+2Y%I?7F:O?1N[5FW[OFDDN;"TYJA&G5E[
MWNW>MKI)/SMNVDM?6Y\M?L)?M,?';]J;XD_!OQC-X]^-+^&=8T75/$_Q'T2]
M^'-AHGA/33LC?3[32M1N=+66\MI'=E4P7MU))$HE:>/!$FG^Q5^U/^U!^TA=
M_"#XGP^&OBC?>#OB%=)=^)+#4(_!5OX,TK1[B*0I/IK07K:YYT#^0?\`2C*9
M1Y^88BR+'+^Q_P#\$B_%/P-\9_!!C\/?V??A=)\(9%FUKQQX"N;B7Q-\15CL
MI;7[->(VFVODP7+2_:)EDNKOYX4503B5?K/X<?\`!/WX4_"3QZ/$/A_0=7L'
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MWAWX;ZR/$'AVT_M&[?\`LZ^#SN)M[2EY/FN9CMD9E^?IPN+/B/\`9!^&WC"Q
M^)5KK'A.PU:T^+[1/XOM[V26X@UDQ6L5I&2CL5C*PPQ*/*"8*!_O_-6*32FG
MK=NVOV;TFE?6S]VHN97:4EOLM8RC[2,I;)*_^*\[NVEURN/NZ)M;+<^%OC=^
MTG^U7^S1^S?\9-?NX?B=I>D:3I&CW?ACQ+\2[/P7<ZI9ZI)JL-M=6A@\/SM!
M-:/;RHZF2*.16$P\TYC*>N:I=?%/PI^T+\0?@SKWQF\4>)].\1_"F7Q?9ZX^
MAZ+9ZGX<O8KTVTT5H([/[.]M(DB[4NH9Y8]G^N<MD>RK_P`$Y/A+<?#7Q!X3
MU/1_$WB;2?%"6\.HR>(_&6M:[?R0P3)/#`E[>7<MS#`LJ+((HI5CW;B5)9L^
MC7OP/\+:E\7&\=W&DI/XI?0G\-->/-*RMISS"=H#$6\H@R*#N*;NV<<5GB:3
MJP<.C4T_-.$E'[IN+;5G9=7O-"<J<N?JI0:\K2@Y:[ZQ4EK?5]+Z>"?\$5O!
M.I^#O^"7OP.?4?&'B+Q8NK>!]#OK6/58;"-=&A?3K?;9V_V6V@+0)CY3.99C
MD[I6XKYP\0?&+Q]\*/$'Q$LOAYXG@\):MX[_`&K[3PG>:A+I<.I*EG=Z-9++
MB*7C<"JLI!!#(,Y7<K?>G[-W[+_@[]DGX?+X4\"6VMZ=X=A<-;6%_P"(=1U>
M'3T"*BPVPO)Y?LT"JH"P0[(EYP@R:S=1_8H^&6JZH][<>&O,N9/&L/Q$9_[1
MNQG7H84ACO,"7'$<:+Y7^J.,E"237?B*RJXZ6)>D96NNMO:TIR7G>,)1OU;5
M]VURQI2AA%0B_>5[/I?V52$7Y6E.+MT2=MDG\)_MXZY\1-4_8G_;G^%7B3XJ
M>*/$UO\`##PO:ZOIFOSZ7H]MJVH6E[I<TLNFW@@LTM7A\R%L206\$VV3`<%=
MY]UTB7XD^._VFH_@5I_QR\=Z#9^`_`ECXKU+Q3#I7AZ7Q)XCN=0OKR&"!Q)I
MK6$5K;QVC`^59K+(TD69!L?S???'W['/PX^*%G\2[?7?#GVZ+XPZ;!I'BY?M
M]U%_:]K#"\$<?R2#R=L<CKNAV,=V220"*_QO_8K^'G[0?B71]<\0:?K]EXAT
M&SETVRUGPYXGU3PUJJ6<C(SVK7>G7%O/);L\:/Y3NT>]0VW<,US-NR6_?I]E
MQ6ODVF^[5W=NYTO6"75<VOK*#_%1E'RNK;*WQAX._:Z^.OQ_U_\`9P\#0?$:
MW\'ZCXM\1>._"GB_Q'HN@V4TVM)X>G>".^M(KN*>&VGF-N205DB0S2#8P5`N
ME\<OBO\`'F_\?_M:6'AGXX:QX<LOV>?"FEZOX>C7PUHUQ-J]ZVBR74@U"66T
M<-;RR0%G2WCAD#2MLD1`L8^R/#O['OPU\(:C\.+K2?"=CI;_``CM;JR\))9R
MRP0Z/%<PB&=1$CA)"Z``F57.<L"&))GO_P!E/P#J>K?$J^GT'S+KXOV,.F^+
MG^VW(_M:WBMGM8TP),0X@D=,PA"<Y)+`&L\5&<H3]B[2:=F]/>Z.VJ2[Q6BZ
M)E4'%58NJO<OJO[M[VOHVTM.9V;MNKL^;_@'\;_BKX0_:B^#5EXU^(A\::#\
M<_A[JGBF]TZ31K+3;+PK?V8TV8+I_DQ_:/LK1W[H4O+BYDS&C"4?,&\[^"?[
M9GQ0^(O[5GPB>R\2?%W4/A=\<UURSL]8US0/"NFZ#,(["6[M-0T*&!I=7@`^
MSL4CU=90T4V7!<#/V[#^S3X)@\4^"M:&AJ=2^'>CW6@>'Y6NIV6PL;E+=)X2
MA?;*&6U@&Z4.P\O@C<V?//A1_P`$PO@G\$OB3X>\6>'/"FIVNL>#YKJ7PZMQ
MXGU:]LO#8N4ECN(;"TGN7MK."19G!@MXTB.V,[,Q1E.J3INH[*T?>2]'*;5^
M[47%)WO&SWT,(*:H)2?O^[=]+I):=DWJU:S\KL^$/!.E>)?@3_P1`^+_`(E?
MQUK'C5F\>:W;6VF>*="T&_TVR>/QS<PRSK`-/0223DF5Q.9$20@PI"%51]4>
M)?&7Q1_:C^./Q]TSPE\7]6^$NG_!2>VT32;72=&TG4$U6^DTJ#47N]2-];3N
MUN&N8HEAMGMFVPS$REI%\KU-_P#@G%\()/!WCKPV_AW6'\-?$?4/[5US16\4
M:LVF/=&\-ZTMM:FY\FR9[DF5_LJ1>8WW]PXJS\:_^"?'PH_:"\=ZCXE\2Z%K
M(U;7+"+2]:;2/$^JZ)!XCM(]XCM]2@LKF&+4(E621`ETDJ[)'3&UBIYZO/*.
MCLVON=HI/^]:S5G9.]]TD;P<54J2:NG)OU3DW;R=GNK[6^TV?+?P1_:F^,?[
M>GQN^%6D6'Q$O/A#H?CCX$Z=\1]4A\.Z+IU]=QZE->>5_HTVH6]PJ0L'7*R1
M2DHJA2C$R'Z5_P"">'QU\5_M#_L*^#O&'B>6RU'QA=6EY:7MQ;6PMH=0N;2Z
MGM//\H$B,RF`.44[5+D#``KT/2/V=_!GA_XOVWCRPT*WLO%%GX=3PE;W,$LD
M<4&EI,)TM4@5A"JK(`00@8`;<[>*N_!OX->&_P!G_P"'-AX2\(Z;_9/A_3'G
MDMK7[1+<>6TTSSR'?*S.=TDCMRQQNP,``#2M:4)0I^[S.;[M7G-QLW_+"271
M775),P@I*IS2U244EZ0@I7]91D[[ZWW;1\T_\$??!7A[XG?\$Q_!>I:]H^EZ
MWJ?Q#-SXB\9C4+9;EM3UR2\=[Q[E90Q:6.XC\L!\F,01H,"-0/`]1_:3^)WA
M_P`#>)+'P%XBT+P5K7BC]K*Z\`R:E;>&-/(73IUVN\D2Q*L]R,!_/EW2NR)O
M=URI^R;[_@G+\(KWXD:IXH30=<L+G7M4_MO5M+T[Q7J]AX?UF^RI>YN](@ND
MT^YDD*(TC36[F5E!?<>:UU_8;^%J[?\`BE_N^.O^%E#_`(F5W_R,'_/[_K?_
M`"%_J?\`8I*SKQJR5HV2<5T2J4I-+;3DA.*VW2V;M5:[I2A#>\FF^[IU8IOS
MYYQDWKLWNE?Q;5YOBA\0_P!KZ?X&Z1\<_&?ABQ^'W@&S\3:AXEAT;0+CQ%XG
MOK^_O((1.)=/:RCMH([-LK;VD3NTR?O%VG>W0_VD/B9IOQ%_:]T75_$D%XWP
MF\*:/?>'I8-(AM8+6[ET.XN+B>-&#NR/<Q;PDTDP3&W<0#GW#X^?L6_#[]I7
MQ+IVM^)['Q#!KNEV4VF0ZIX?\4:KX;OGLY65Y+66?3KFWDFMV=%;RI69`PR%
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MI/JT]AX;UZ]O-<\,7'@N\O-9\7ZUK5V^BSB,/IZS7EW+)'`/+!1$91$6D,>P
MR.6VQ2YU.-+W4U54>EN>5>4=MN5SINZVY9*ST9AA4X*+J^\[TG)[W4(T8R]>
M;DJ73WO':\D7?^">$/CS7_V8?"/C+XB?$/5/'?B+Q]H.FZ[<0OIEAI^G:*\]
MLLK06<=O`DOE_O`";B6=R4R&4';7NE97@/P/I?PR\#:+X:T.U^Q:+X>L8-,T
M^V\QY?L]O#&L<2;G)9MJ*HRQ).,DD\UJUT8JI"=64J:M%MV79=/P,L-"<*,8
MU'>22N^[Z_B%%%%8&X4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!1110`45@_%7Q3<>!OA?XDUNT2&2[T?2[J^A28%HV>*%G4,`02I*
MC."#CN*^6_\`@F3_`,%(]7_:4_8T\0^./C';>'O"/BOP#!_:7B;^S89;32TT
MV>PCU2SO8EGED=8FL9X]Q:1AYD4P!P,">>-JC;M[-*3\DVU?\-M^NU[4T[P2
M5W-M)+NDG^J^>A]A45\7?\$VO^"DWBS]HCX4?%WQ7\9M+\/>!X?`?B6WL[&U
ML+*ZCN8;&\TVQO[2WN(VDF>:_P`7T<)2%09)<(D>Y@I]<M?^"E7P:;X5>-O&
ME_XHU/PYH?PXN;:U\3CQ'X:U70K_`$-KGROL[SV5[;17212"5"LIB\LC>=V$
M<KI43A\>FD9/R4DFK]MU\]"(M2^'75Q7FTVG;OM]Q[K17A^J?\%%?A3HWP\T
M'Q-<ZEXNCM/%>H2:9H-C_P`(1KC:SK\L</GNUEI@L_MMU"(09//AA>+8"V_:
M,UXKKG_!471/#_[?&D:?)XHUF_\`A;X@^%!\2:=H^E^$[W4]6N=376&MIG%E
M;6LFI"2&)'2:%HQY!C?S41D8B')*:@]+W5^B:A*>O:\8NW>ZZ:C;M!SWM9VZ
MM.:A=>DGKVL^JL?;5%<[\)?BSX<^._PRT/QEX/UBS\0>&?$EG'?Z;J%JQ,5U
M"XRK#(!4]BK`,I!!`(('SKK/[1/QK^`7[4WPB\.?$6Z^%OB#PS\9]7U'0K;3
MO#6BW]EJ?ABYAL9[^%VNY[R6/4(!%;2Q2.+6T;<\;A0,QU;C)3]G)6>VO?MZ
MMZ?G87,G!U$[I*_RM=OT2U_*Y]645\I_M5?M$_&O]E#Q9X=\8:K=?"W5OAKK
MOCS2O"/_``C%GHU^/$*6NHW:6,%TFIM=B"2=9I8IGM_L*J(_,C$S%1*WU92C
M[T/:+:]O1I1E;[I1?;6VZ:3G[L^1]K_*[7YQ?Y[-!17RY_P4)^/'QL_90^%W
MCGXMZ!??"E_A[\.-.CU>X\.ZGH]_<ZSXAMX=KW:IJ"7<,-C*R%XX5-I=+N1&
M9L2&..S\3OVE/B9\4?VGI?A1\(9_!'AC4=`\&VGC+7=9\7Z-<ZS$GVV>>"RT
M^.SMKVT=7;[-<223M*RH$11&YD+)-[JZ6NNG71.5_N3:ZZ6MS-)TXVU>W?YQ
MC^<HKMK>]DVOIJBOB#X@?\%,OBCK/_!*V3XW_#KX8:#J7C/3]-UR3Q!:ZMK?
ME:)X4GT=+U+V21E"W%Y']ILFBBB@53(94+20H&D'T5;^+?B+\6?V9_!VM>"K
MGP5HOBWQ1INGW]U?:W8W5]IVF+-`LTKI9PS127!W'8L9N8<!]YD;9Y<E-:S2
MUY7%/_MZ]FO+W7KM^)-_@YM.;F^7+923[--K3?RVOZK17@'_``3^_::\5_M%
M>'_B-I_C%?#6H:S\-/&M]X0?Q!X;M9K31?$8@2&7S[>"::>2%HS-]GFC,TH6
M>WE`<_=7W^AK2,D[J24D^ZDDT_FFGKKWU"^LHO=-I^L6T_Q04444@"BBB@`H
MHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"BBB@#F_C-H%YXL^#_BO2K"+[1?ZGH]Y:VT6Y4\R62!U1<L0!EB!DD`
M5^=/BO\`X)@_%C6-,_9\\.Z7I5EIGA7QO\/="\`?'R)[^(RVUEHZPW4$<>R8
M"9IB;[3W:+S!Y=WG[HW#].J**7[NI[1;WB_+W5-)6ZIJI*Z?EM8*GOQY7VDO
M_`G!W]4X1:\][K0^$/%7[,?QR\'>#?VO+GP)IMWI>M_$;X@Z;K7ATV&LVME?
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MNG7YUDW*6DOE-\THMMK.T8>%7W(DTH`=OJ2BE#W)1DOLN5O+FC.+7_D\GKJG
M;6RL.I[\'!Z)\M_^W91DO_24NUK]=3PG_@FI\&_$O[/W[%OA/PGXNTTZ5XAT
MNXU22YM/M$5QY8FU.[GC^>)F0[HY$;ACC=@X(('A_P"S(GQ:\<?MEW?Q0^,O
M[/?Q0L?$DLUQX<\)21:QX6N?#O@#0GE!:;]WK#74UW=!(Y+F9+=F`2.&)-D;
M-+]S444UR34][*WWZ/SNU=>C:ZL35Z;I=[:]=-O+>SVW2/AGQ@GQ;^)G[>[^
M*OB%^SU\4/$/@3X7:HT/PTL]#UCPL^ER3M&8IO$5Z+G6(;AKC:\B6\/DC[/$
MSL0\TO[KZ4^$?[1]S\7?VAOBAX0L_#CQ^'/AN^GV`\2K>;X=3U.>%I[JR6(Q
MC:UK$UH6=7=2;G;\K1NM>I44X/E@H;I)^K;MJ^G?HMTE:,5$<_>E*>S=ODET
M7Y:WZOXFY'Q'^VOI?Q5^-G[6.D^']=^!/Q%\<?`#P,UEKMO!X9U;PTB^.-;C
M82Q?;DU#5;65+&S<(ZP"/]_<(&<^5$J2]#XW\*?$OX(_MQ:I\;/#/PH\3?$/
M1?B5\/M-T#5-`TW5M'M=:\.:E87-U/!YOVN\@M7@>.^ECD:&XE9)(!M5T?</
MKNBIBN6*C%[-N_=R3B[]-FEM=*,;;%2ES-MK1J*MT]UJ2\_B5]]6WW/A;Q7^
MS3\3/@9_P1X\2?!_3_`>L?$OXD_$70O$]OJ4?AG4M.ALM+U36FOKJ1WFU.[M
M2]M'/>&/>@>0A=WEC.!Z!8KXF\0?L'>#_#/C+]F'6?'-M:06.@>)?`>O7WAN
MZN[F"VMDVWD$4E[+IMT@N8XB(Y[J!PH:0#>B1R?5-%4[7F[?'RZ=N6]DO_`F
MM;O7>Z0KOW+O6/-KU;G:[?G>*>EM5M9M/YC_`.";OP*\3_!W_A9-Y>^$;[X5
M^`_$>MQ7'@SX<W&I6MX/"-K';K'.42TEFM+1;FX\R86MK,\,8(8;7DD4?3E%
M%.4KV\DE]RL3&*6B\_Q=_P"OQU"BBBI&%%%%`!1110`4444`%%%%`!1110`4
M444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!11
M10`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4
M444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!11
M10`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4
M444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!11
M10`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4
M444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!11
M10`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4
M444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!11
M10`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4
M444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!11
M10`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%&:*\S^('[1G@RP\>W/@"^\42>']>NK566Y0K&(&D^ZH
ME<%%EQA@&'0CO6-?$4Z,5*HTKZ*[2N^BUZLTITY3=HJYZ#_;MDVKMIPO+9M0
M2+SS;"53,(\XW[,YVY.,XQFO,8_VV_AVWCB/PW)JM];ZV]X+#[+/IES$Z3%M
MH1MR`#DCD\=^E>=>&_V&/$?PL^,UGXY\,>-Y=9NA,6O(M95C+?0/]^,S(3DE
M>02N`P!XQ7HGQU_93TGXM^-_#WBNU,>G>)=`OK>X-P%^6_ACD#&*3'4@`[6Z
MCIT/'D2Q693IN4*2A*+V>MX]TTTK^3.M4L-&24I-IK=:6?FFMCU*+5;:;49;
M-;F![R!%DD@#@R1JV=K%>H!P<'H<&K%?+W[>7PU\3:E\5?AUKO@NZO;#Q!>W
M+Z)]IMG*&,']ZK.1U10)20<C`KW_`$7QQ86WBR+PC<ZD+OQ':Z7'?S;D"-/&
M6,9EP.`2ZDD#IN%=E#'N5>I0J1Y>5I)WTE=75O/NC&I02IQJ1=[WT[6T^XZ*
MB@45Z)S!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110
M`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!
M1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%
M%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`$&J:E!H^G
M7%W=SQ6UM;1M++-*P5(E`R6)/0`<U\Z>"_V??@=XX\?7-W<Z[8>/O$VLS/=2
MBZU19S,Q^9B(8R%V@<8((``%>W?&+P]=^+?A3XDTJQC6:]U+3;BV@1F"AG>-
ME4$G@#)ZUYC^S!\`O"?[)ECINE7=_87/CCQ(NV24D>=/M4LT<*_>6%0I.>,D
M9/.`/%S"FZN)IPG3C*FM6Y=&W9)+9M].WY]V'FH4I2C)J3Z+]?(]HT;1[;P_
MI=O8V5O%:V=H@CAAB7:D:CH`.P%6J**]I))61Q-C9(5E9&959HSE21DJ<8R/
M0X)'XU\RVWP'\:^,/VS-1^)5W?1^%_#^ASBVMFGPTM_:Q)L<;,@)$_SG<Q'4
M$#O7TY7S!^VOIGQ=^,,DOA?PGX:NK?PLA`N[O[9!'+JISG;@OE8AZ'ECUXXK
MQ,]C#V,:DHRFXR4E&-[N2VO;5)?UV?;@'+G<4TKJS;Z+KOU/IZ*59HU=6#JX
M!4@Y!'K2U7T>![72;6)QM>.%%8>A"@$58KVD]#B84444Q!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4
M444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!11
M10`4444`%%%%`!1110`4444`!&00>]?,'[/W[.6K^`_VTO&NNZ[<WVIVEE9>
M;IFI7DAD>5+ESP6/>-8W0@<=^,BOI^L7XB>#5^(/@75M"DOKW3TU:V>V:XM6
M"S1!A@E201TX^A-<&.P4:\J=5J[IOF2[NVWWVU\CHH5W!2@MI*S^\S_A%\7]
M)^-7AFXU?19&EL8+ZXL0Y_C:)RNX?[+###V85U+R"-"S,`JC)).`!7AG[(W[
M//B#]FJV\5^'KZZM]5T&]D6\TR[B^1MQ0I)&\9Y5L*AXR#SSVKB?V+/BQXXL
MK-?`WQ`\*>)Y=+D4V]AJEUITI6-""/(G)'W,<*YZ=#Q@CBH9K4A&C3Q<'&<[
MIZ:*2:6MNCOH]C>IA8MSE1E=1MZM/_(^DO'E_K>G>%;J?P[86.J:O&N8+:[N
M3;Q2GT+A6P?3C'N*^?/@5\4_C)\9OCQ<:;XEL4\':%X<Q<:A;066UKECGRH1
M,^[<K$%B4(RJGD9JAX!_9&^)_@3XQ:G!HOCW4=!\!V]QYMEFX^V22Q-\WE+#
M)E%*9*[F]`0#7U/;Q-#!&C2/*R*%+M@%SCJ<8&3[5-*.(QDXU*BG24'K&ZM*
MWFK2M?OHUTZCFZ=&+C&T[K>SNOT_R'T445[QYX456U?5[;0-,N+V]GCMK6U0
MRS2R'"1J!DL3V`%<8/VHOARP!'C?PT<_]/\`'_C6-3$TJ;M4DEZM(N-.<OA3
M9WE%)'()45U.Y6&01T(I:VN0%%%%`!1110`4444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4
M444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!11
M10`4444`%%%%`"$]N<UX)^USXJ^,]M:S67@#P]&--9<2:G;7$<U^V1R(XFQL
M^HW'TQ7GW[?_`.T=KW_":Z9X$\"W&JC5=/D2^U&72U=YUDQF*'Y`3T^=AT.5
M'K7IW[)GQ,^*WBO3TM/'_@^2RB1/W>KN\=O++@<"2WSNR?[R@#VKYO$9E2Q=
M>>74W.+6G-%:7ZJ]G:W?3U/3IX:=&G'$R47Y/\[=3S?_`()^?&C7-+UG4?AU
MXYBU>#4;AI+W37U6.199B>9H29.6/5Q[%_:N-_;F_89/@EKSQGX-LR^CN3+J
M6FPKDV))R98@/^6?<J/N]1QG'W+/9Q73QM+%'(T+;HRR@E#ZC/0^]/=!(A5@
M&##!!&011/AV%7!+!XB?-R_#*VJ_'7]5Z7!9E*%?VU-6ONNC/'?VP+75X_V:
M+K6-`O[S3M9\-I!JEM/:N5<!,"0<<%3&SY!R#WKE_P!A7]K/Q'^T0FHZ;KND
M1M-HL*/)J]MB.&9F.%1X^TA`)^7C`Z#BO??$>@P>)O#=_I=PH-MJ%M):R+CC
M8ZE2/R->:_!OX6Z=^QW^SE=0O)'<3:5:S:EJ5T!C[5,$+$^N`%"@>@'K6]?"
MXB.80Q,)N--1?,NCMMIWUW[(SIU:;P[IRC>5]/G_`%^)ZQ17SI_P3U_::G^-
M'@>[T/6[HS>(]$8R[Y&R]U;.Q*M[E"=A]MI[U]%UZ.`QU/%X>.(I;2_#NOD<
MV(H2HU'3GN@HHHKL,0HHHH`****`"BBB@`HHHH`*HZMXFT[0;FS@OKZTM)M1
MF%O:QS2JC7,AZ(@)RS>PKDOC1^T?X4^`4VC)XEOI+7^VYVAA,<9D\I5&6E<#
MD("0"0#RPXZUXQ\2_P!ART^/FKP^-?#?Q,U>ZO9&6YL;JYD2^MXF!#+Y3)MV
M!2.@Z8KR\;CYPO3PD54FK7CS)-+Y_@=='#Q=I5FXQ>SLW<]4^+?[7G@OX'>)
MAI/B6XU.PNWB$T1^P2O%.G]Y'`(;!X.#P>M=KHGQ`TC7]&T:_AO8DA\01+-I
MXF(B>Y#)O`56Y+;><=:Y#XG?`&W_`&@?@];Z#XT2U;68X01?V0)^RW(7!FBW
M`$`]2IX(./0UY]^U?\%[JV_8@M]*5S=:KX)M;2YAFM@P9WMP$=D[C*%CZUA6
MQ.-HNK5<5*"CS16STWB]7K;9V+A3H3Y()M2;L^J]4?1(.:*\F^"_B*^^#'PD
M\$:7\0==N;SQ'XBN!9QO<D,Z3.C2)`S=3M5=NXY)8]>:]9KU,/B%5@I6L[*Z
M>ZNKV9RU:?))K==^C"BBBMS,****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***;-,MO$\DC
M*B("S,QP%`ZDGL*+@.HKP[Q5_P`%`?`/A[XF:7X:MKQ]5-Y="UN]0MB#9V!)
MP"7/W_FP#MR`#G/&*]-^*ND>(M<\%7<7A76(M$UU!OM9YK=)X78?P.K`_*W3
M(Y'7GH>*GF%"JINA+G<-TK7OV[?B;RP\X./M%RW[G245^=OC#]N;XV_#_P`3
MWFC:SJ-K8:G82>7/!)I4&5/8@[<%2.01P1S7U9^PM\8-?^-_P1DUOQ)=17FH
MKJ<]L)(X%A78@3:-J@#N>:\W+^),-C,0\-3C)25]TEMOU>IU8G+:M&G[6337
MD_\`@'LU%>9WO[5GA;P[\9+WP/KUP="U:$1/:37;!;6_2105*R=%;.1M;'*\
M$UZ6C;U#`Y!Y!'(->S1Q-*KS*G)/E=GY-=&<4Z<X6YE:^J%HHHK8S"D=MBDG
MMS2TV?/D/U/RG^5#&?/]E_P4+^$.FWLYMI[Z*XN9293#H\@>>0G&3A<LQ/XF
MO=]#U1==TBVO5AN;=;J-95BN(S%*@(R`RGE3['D5\P?L2?L.#P--#XS\96H?
M7'<RZ=I\H!73@22)''>4CH/X/][I]2V5[#J%LLT$T<\3YVO&X=6P<'D<=017
MB9)5QU2E[7&I1OM%*SMW>K^[IU[+MQT:$9\M!MVW;?Y$M%%%>V<(5P'[3/PX
MUGXO_"'4/#&C7-K93:V\5O<7,^2L%OO#2,`.6)"[0.,[NHKOZPOB1X]M_AKX
M/O-8N;74+\6J_);6-L]Q<7#G[J(B@G)/?H.I(%88N%.=&<:KM%IW].II2E)3
M3AO?3U/+_A%^SQ\/OV.[>QNI+GSM?U>:/3(]1O#FXNI96`$42#A5)Y('89).
M*]MK\]XO%/Q'^.W[67A#Q!X@\.>)+*PL]:M_LULVG3K;:;#YH)Y*@9P,LYZ^
MP``_0BO'R#%TJT)PP]/DIP=EI:^F[]?O[G;F%*<'&527-)K7_(****]\\X**
M**`"BBB@`HHHH`****`/G?XG>$?@G\3?C!-J7B_Q58ZSK-NRZ=%ID^J!(;0J
MV/)6),,6+DD@DDDX]*]P\#_#[0_AMHHT_0-*L=(LL[_)M81&K-_>..I]SS7A
M7P\_9Q\,_`+Q_P")/B9X[U#3H]1U'5KB?3%F<&.Q225MA4=7G8$?=!(S@<Y-
M?1JMN4'GGUX->+E5)\TZM:G&,V[Z?%9[.3WU[?\`#+MQ<]%"$FXKOM?R]`I)
M(Q*A5P&5N"",@TM%>T<1\Y?MA_L^^,/VEOB?X7TO29DT?0=`B:\GU24_<N'<
M`")!\SNJQY[`;NM>_P#AJ3.B6T9OUU22W002W2[?WTB?*[$+P#N!R!T.17F/
M[5^J?$JZ\*_V+\.=%::[U!"+G53=Q0FS0\;8@S`F0_WL84=,G&-/]D3P#J_P
MQ_9[\/:'KUN;75K)9OM$?FK*0S3.X)8$@DA@<Y[UXF&C&&8U5"$KR5Y2=^72
MR45TV;_K;OJMRPT;R6CLDM]=VSTFBBBO;.`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHW=>>E<\GQ1T;4-#UB^TJ
MZ77QH;M%=PZ85N9ED50QC"J>7P0<=?QJ)U(Q^)V*46]D=#17DOP=_;4\$_'+
MQN/#VA/JYU(PR3[;FR:%0J$!@23P03TKTS1/$^G^)#="PO;:\:QG:VN%BD#-
M!*IPR.!RK`]C6.'QE"O'GHS4EY,NI1J4W:<6B]111729!111F@`SWKQ/]JS]
MF3Q1^T%9&WTWQW<Z-IVT`Z4UL/LLY[F1T(=N>QR/:OF?]LG]L+6M=^/:#PCK
M5YIVG^$'>VMY[67"W4Y.)G8='7(V`$$$*3WKT[]F[_@I?;^*;JVT3QQ9/;:A
M(0B:E80M+#,>F9(ERR$^JY7V%?(5N(,MQE6>`Q#:5[7NTG\TUU[Z,]F&7XFC
M".(IJ[WMU7W_`/#GA?C[_@GQ\3_`RR&/18->MDX$FESB4D?]<VVO^0-?7G[#
MOQCU+Q[\,QH'B6VO['Q3X5"VMS'>0M#+<0XQ%-A@">!M)]5SWKVR&59XDD4[
ME<!@>F0:4H"X8@%@,9QSBNS+N':6!Q'ML--V:LXO5/MKIM\_Q,<5F4L13Y*L
M5=;-'C_[6O[)6F?M)>&?.B,5AXHT^,BQOMO#CKY,N.3&3^*DY'<''_X)V^#M
M4^'_`,#=1T;6K*:PU*PUZ[CFAD&"#B/D'HRD<@C@@YKWGKUHQ7H_V516,6.@
MK3LT_.]M7YJVYS?6Y^P]@]5>Z\CXG_X*P>`!!K_A7Q,B`K=PRZ9<''!*'S(\
M_@T@_"M'_@E]XA\<^([C58;C5;BX\$Z1&(4AN@92+AN52%SRJJN2PY'S+P,U
M[5^V_P#!V^^-GP#O=+TNW^TZO;74%W91\#<X<*W/8;'?/M77_`KX0V/P,^%V
ME>&K'#K8QYGFQ@W,[<R2'ZMGZ#`[5X4<FJ?VY+%1;4+)NVEV]+>>UW_P3OEC
MH_4%2:O*]O1;W_0ZX&BOE+P%^V(;;]NCQ3X<U"[SX=U>Y32K(L^8[6Z@78"/
M02-O4^^ROJT=*^@P&8TL7&3I/X9.+^3_`%W1YV(P\Z+2GU284445WG.?#O\`
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M%O8K_3;^/S(9D/!]01U#`\$'D'BOIE7INI[)/WK7MY=SRW"7+S6TV^9KUY9\
M1_VTOAM\+[FXMM0\2VUS?VK%)+2Q5KJ96'52$!"GV)%<S<_\%`_"?A#QYJ7A
MKQ?8:SX8U73+@P2-)#]IMW'59%=/FVLI#`E>AH\>_!_X2?MK6,MSIFIZ5/K:
M1[EU'2ID%W%Z&6/JZY[./8$5Y&)S-UH..73@ZB^S+?[KII^NAV4\,H23Q,6H
MOJC=_9X_:LA_:6\0:J-$T#4;/0=)4+)J-[(J&:9N5C2-<\[<DDMP"/6O7*XW
MX"_!C3_@'\,-.\-:>YG%J"]Q<E=K7<S<O(1VR>`.P`':NRKT,!'$*A'ZT[S>
MK[+R5NVQSXB5-U'[)6CT"BBBNPP"@G'K1FOF#]L.'X\^)OMEEX8TZWMO#!RI
M.CW@;4+I/]LMM901_#'],FN+,,;]5I.JH2F^T5=_\!&^'H^UGR\R7FV?1GBW
MQEIG@3P]<:MK%Y%8:;:`--<29V1`G&21T'/7I7&Z9^UQ\--9U*VL[7QIH<]U
M=RK!#&DV6D=F"JHXZDD"O+/V`/B9JE_X0O/AQXSTZ_M-5T2)C:Q:E;,AO+-C
MAD(<?/L)V]\JR^AKSGX\_L13?![XT^&O%/A6WDG\*SZ[9-<VJ`L^D,;A/Q,)
M/0_P]#Q@UXN(SG%RPT,9A()Q?Q)WYHOKVT773SVV[J>#I*K*C6DT^CZ,^W2V
M#C//IWI:\`_X*&MK?A;X5Z7XQ\.:C>Z9JWA?4$8S6[[<P3#RW5QT9=WEY#`B
MM']A_P#:)\1_M$>`;V]U_28+8Z;,MJFH0$K%J#[<MB,_=*Y&2#C+<8P17I_V
MK36.>`FFI6NGNFOTZ[_?T.7ZI+V'UA/2]GY'MU%%%>H<A\R?M#_LR:KXX_;"
M\`^(#->ZCX>N+A6NX)9&DATY[=3*-H/"+(%`X_B!]17MOAKXT:-XK^+/B#P=
M92F74O#=O!<79!!0&4M\@]U`7/IO`[&NN.3Q7SW\-/V0M7^!O[3;^+]&UF76
M=#U];B+58KUP+R$R'S`^[I(!(H[!@#WKPY8:IA*_M,-"ZJ3O/R5K:>5]?+7H
M=ZJQK4^6J[.,?=\];_EH?0:N&S@YP<''-0RSM/:2M:M#+*H94W-\F\=F(SCG
MKWKY8/Q!^)/P9_:W\72P>$O%&O\`@/6K^.25+:S>58CY$2F>`],@C#*.&QZ@
M&M'XV?LD^+_%7QRLO%/P\\1W7A2RU^(3:M(+B2`V\H`_>"$8W,Z]5('S*<XS
M2><3G"3HT7*49<K6SM>RDKJS7Y==@^IQ4DIS235T_P!'V*/CWXF_M`ZW\8]-
M\')I6F^%K+5IRBZKI]N;R$0+R\@FDX#!/X2JMG'%?4UA:?8;*&$RRS&%%0R2
MMN>3`QN8]R>IK-\">'+SPIX6M+#4-9OM?O(%Q+?7:1I+.?4A`%`_7W-:]=F`
MP<Z/-.I.4G+^9_"NVFGS6_R,<164[1C%*W;KY]PHHHKT3F"BH;_4;?2K&6ZN
MIX;:V@4O)+*X1(U'4DG@#W-<CXR^/6@>#OABGC(/>:SX>8!S=Z7#]J54R1YA
M"G.P$8)[=ZRJUZ=--SDE97^7?T+C"4G:*N=I17G/P3_:E\)_'VQU>YT&:_\`
M)T,(UV]U;&$*&#$$9SGA37>:)KMEXETFWO\`3[NWOK*Z0/#/!()(Y%/<,.#4
MT,52K14Z4E)/:S^7YCJ4YP;C-6:+5%%%;F84444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%(S;022./6EKDOC?X@\/Z#\.+]?$^MOX?TG45^PR7B2^
M4Z^8"-JM@X)&1G%9UJBA!S?3N[+[^A48N4E%=3RW5/C_`/#3]JZ75?`LOB?5
MM#GCNGMD,%X;'^U`IQF*0?+(A/\`">3Z$58_9U_8XO/V8_B'<WNA>*)=0\/:
MK%Y5]IU[;A9`5R8Y$=#M+*21RHR&/M4_[.WPM^!]\TTG@;3M!UJ?3-OFW3(U
MW)"Q^[\\H.&XSQ@U[A7BX'!?6.7%XOEE43TE!NUNWGV?0[J]?V=Z-&ZB]U*Q
MYG:_LQ:-H7[14/Q#TG;87EQ:SVVHVJ)^ZNV?;B88^Z_R_-V;.>O)\GOO@+XA
MA_X*)2ZOHMY?Z/H5Y90ZSJ<UNY5+G'[HV[#[K%W0$@Y(&X]<5]256U>ZET_2
M[JXAA:YGAA9XX5^]*P!(4>Y/'XUTXC*</-*RY;3Y]._7[^MC*GC*D6];W7+K
MV,7P#\4](^)%[KMMIEQYL_AS4'TR]C.`T<J@'/\`NG/![X/I71U\V?LB_LW:
MW\`/$M]XJ\8^)+>UU3QA*8'TB)U:*2>1S(H9S]^4'?@)P`6Y(KZ3'2MLMQ%:
MM04\1#EEKIY=/33HR,53A"HXTW==_P`PK%^(OA[4/%O@G4=,TO5#HU[?PF!+
MX1>:UL&X9U7(RVW..>#@]JVJ\(_;;_:HUO\`9CM?#<FCZ=I>H-K4DZ2_;/,P
M@C5"-NPCKN/6KS#%4</AY5:[:BM[7OKITUZBP]*=2HH4]_\`(H?#_P#X)H?#
MGPDL;ZFFJ>);A>IO;@I$3_N1[?U)KVKP;\,_#OP\M%AT+1-+TF-1C_1;9(R?
MJ0,G\:^/?`__``4A^)GQ)\5V6AZ)X/\`#=_J>H/LBA3S_P`68[\*H')8\`5]
MG^%QJ:^'[,:R]D^J&,&Y-FK+`'[A`Q+;1TR>3[=*\G(ZN6U4W@*=DNO+;Y7>
MK9UX^.*A;ZQ*]^E_T+_2BBBOHCS0HHHH`",UC?$7Q?%X`\`ZUKDY41:392W;
M;N`=B%@/Q(`K9K"^)7P[T_XK>#+S0-6-P=-U#8+E(9#&TR*P;86'(4D`'&#C
M(R*SK\_LY>S^*SMZ]"X<O,N;;J?EK\,_A7XN^/GB^5/#VG7>H:A-.;BXN5/E
MQ6KLVXN\IX4Y.?7T!K]3OAU9:UIG@72;;Q%<VM[KD%LD=[/;!A%-*!@L-W//
M7ZYZ4OAWPQHGPO\`"RV>F6EAHND:?&7*1JL,42@99V/T&2Q_$UQWP&_:1TS]
MH37?%*Z)$S:3X>N(K6"[;(-\S*Q:15[)P`N>3UXR!7S62931RN2A4J<U2ITZ
M.VNB\N[_``N>GCL9/%*\8VC']=/Z1Z31117U)Y(5Y[\<_P!F#PA^T'IABU[3
M5^W(I6'4+?$5W!]'Q\P_V6R/:O0J*RKT*=:#IU8J47T9<*DH24H.S/)O'?P6
MUH_L@ZAX$LKI=;U>+2?[-M9Y<6_VD*0(RV3A3L`!YQD5X=^RE\$OC?\`LU^*
M@/[$LK_PU?N/[0T_^UH>.WG19.!(!^#`8/8C[*HKR\1DE&I6IXA2E&5-)*S6
MR[W3OY]SJIXZ<82IM)J3N[H\0_:4_8ET;]I#QUHNMW-_<:1+:1F#4/L\:F2^
MA'**">%922-Q!X;IP*]&^%/P6\,_!705T_PWI-MIT1'[R11NFN#_`'I)#\S'
MZGZ8KJ:*[*>78:G6EB807/+=]?\`@>=M^IC/$U905-RT70****[3`***H^)_
M$-OX1\-:CJUWYGV72[:2[FV+N;9&A=L#N<`\4I223;Z#2;=D?%W[6_QQ\;?%
MCX[V^C_#9/$,]OX.E:/[1I,3LL]V>)"S*-I11\F&X)WU]&_LS>*/B;KOAXQ_
M$;P[8Z9<1(#%>0W*>;<^TD*Y"-WR&Q["N-\,?\%%_AOJ]_9Z7I%CXFGN;V01
M6UK;:3\TKL>`JANI/^-?04$AFA1RC(SJ"5;&5]CCC-?-Y50IU,34Q5/$NI=Z
MI6Y?)6UV7FF>GC*DHTXT94N6VS>_Z"M&KLK,H+)T)&2/I0R[A@\^U+17TIY=
MSF?C+\.T^+7PKU_PW)(L7]L64ENDC#(B<CY'(_V6"G\*X/XGVMA^RE^QQJMG
MI)\I=%TDVEO(#M>6XE^3S"1_$TC[J]BKR_\`:G^!&H?M%^$-,\.0ZI%I&E&_
M2[U*;87F=$4[4C7IDL0<L<#:.O2O-S&@_9U*U"-ZKBXKY_\`!U.K#U%S1A4=
MHWNS"_82_:%_X7E\'8+>_N!+XB\.A;._W'YYU`_=S^^]1R?[RM7MM>7?"WX;
M_#[]F#4=+\,Z-%#:ZWXCW*C2-YM]?B)2[.[=D4`^B@D`#)KU&JRM5HX:-/$2
M4IQ5G;\+^=K7^\6+<'4<J::B]5?^NX4445Z!S!0.***`"BBB@`K-\8^+;'P'
MX5U'6M4G6WL-+MWN)Y#_``JHR?J3T`[DBM*O*_VH]2^'NHZ#9>'_`(@^(O[(
MT^^D%T+47+6_V\1D?*Q49*!B#@$<@>E<V,K.E1E--)K:[LK]+LUHPYYJ+3^6
MK.$U*_\`AQ_P4/\`#D%K%XHU[3+VV3<VD+=BWD1NNYX&RLN/[PR!ZBNW_9C_
M`&=M2_9YT#5/#MQKT7B+PW<N9K..>V\N:V9LB2,C)5D;@]N=W'-7_@'\._AE
M::!!K/@+2-$-JS,D6H06Y:1R.&Q*XWD=L@XZUZ37G8'`1DXXRNHNK;XHMV:_
M)_U8Z<1B&DZ-.ZAV=KIGFGP6_9HTCX#^,?%=YHC>7I/B=H918%<K9NF\.JG^
MX=P(!Z<CIBO(?V,_@QKWP>^+'Q'O;O4=0L?!VAWMQ;6UD7(M[PY\WSMIX`2,
MJ,C&2Q]*^J3SQZUPW[2&D:[XA^"GB#2O#5O]HUK6+?[#`#((UC$I".[,>BJA
M8GOQP#3Q.64::A5I1:]ES2276]W;YOI\MA4\5.3E";^.R;?EU^XW?AK\1-,^
M+'@73/$6C3&?3M5A$T3$89>Q5AV92""/45N5X]^R%\#)/V9_!S^&-0\2QZOJ
M6H,VH_8T`2.T4;4<Q`_,4+%<L<`D]!DY]AKNP-6K4H1E7CRSMJNS,*\81J-4
MW==&%%%%=9B%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%>8?M9?`V\_:'
M^&]EX;M;N.Q235;>XN;AQDQ0IN+E1_$W(`'3)YX%>GUC_$'P@GC_`,$:KHDM
MS=6B:I;/;F>WD,<L.X8#*P(((//O7/C*$:U&5*2NFMKVOY7Z7-:-1PFIIVL<
MO\#E\#^!H9_`G@Z>UD?PY$KWL=N?-:-W)&Z:0<&5BI)!.>.@``KT"OF']E3P
MA_PQ;^SUXWU[Q;$UO=6VHSM*HX-TD($<(3U\QB2O^^/>OHCP=XPM?&7@S2=;
MA=4MM6M8;F/+`@"100N>YR<?6N+*L5ST(0J14)6ORK[,;M(VQ=.TW*+<E>U^
M[ZFM3+F1HH'94:5U4E4!`+G'`R>.?>F7VHV^F1J]S/#;H[!%:1P@9CT4$]SZ
M5Q/Q\U#X@Z9X1-Q\/K30=0U&,$R0:@7#N.WE8(4MUX8@'UKOKUE3@YV;MT2N
M_DCGA#FDHWM?OL>)S_"CXQ_$W]JKPMXN\2Z;I^G^&?#]^9;:QAU-)5LHMC+N
MVC[\AR,M^`P!7U17A'[&G_"RO&0U;Q/\1K_48)'D:QL-(DMUM8X0C?O)6C4#
M)+#:I)/`)[YKW>O-R6E!495X\W[Q\WOVOVZ;*RT78ZL=-\ZINWNJVFP5\H?\
M%,_`^K?$G6OAQH>B6<M_JE_<WB10I_N199CT50.2QX`KZOJEK-WI^B02:IJ$
MEI:QV<3;[J<J@@0X+9<_=!P,\\X%=&:X*.,PTL/.5D[7?DFF_P`C/"UW1JJH
ME=J_Y'F7[*7[*6E?LU>%,9BO_$FH(/[0U#;R>_E1YY6,'\6/)[`>M5\D_M$?
M\%.=/\/I<Z9X`@35KM05;5;E2+6(_P#3-.#(?<X7_>KZ*^!-OK$'P?\`#S:_
M>S:AK=S9)<WL\N`S2R#>PP.`%W;0!P`,5R97C<$Y/!8'6,%JUM]_5O5W_$UQ
M=&NDJ]?>3Z[_`/`.LHHHKVSA"BBB@`J*]O8=-LY;BYEC@@@0R222,%2-0,EB
M3P`!SDU+5+Q%X<L/%NCSZ=JEG;:A870VS6]Q&)(I1G.&4\$9]:4F[/EW&K7U
M/@;]MK]MR7XT7D_ACPQ<20>$X'VW%PI*OJ[`_F(0>@_BZGC`KTO_`()*G/A/
MQOW_`-.MO_135]!C]F?X=\?\4/X4_P#!7#_\36[X+^'?A_X?03IX?T;2]'CN
MV#S"QMDA64@8!;:!D@<<U\GA,CQD<Q688JJI-7T5]$TTDO)7_IGKUL?1>&>'
MI0:V_,VZ***^M/'"BBB@`HHHH`****`"BBB@`KG/C#IESK?PD\4V5I#)<W=Y
MI%W!!$@RTKM"ZJH]R2!71T5%2'/!P?56*C+E:?8^?_V.OV/M._9L\,#7_$+V
MDWBN>WW7%P[#R=*CQEHD8\#C[S]^@XZ^^6EU%?6L4\,B2PS*'1T.5=2,@@]P
M17P/^TEXE^(GQ<_:GMOAMXBO6M=*N=5AAM[&R#1VL]J[;A,W>0^6&SN)`((`
M&*^]HO(TZ."V4QPKCRX8\@9POW5'?`'Y"O!R'$46JF&PU-PA2?+=[N76_P"'
MK?H=^84YWC5JRO*6NG1=":BBBOH3S@KD/C;\3;OX6>!;C4=.T'5?$FJ/^[M+
M"QMVE:20C@N5!V(.I)^@R3772RB&-G<X5`23Z"O#_B!_P4,^&7@226"+5;K7
M+N$E&ATVV:3:P/0NVU!S[UQ8_%TJ-)^UJJG?9NWX)[G1AZ4ZDURQ<K=#PG]F
M/0/B7XN_;.TOQ=XTT'Q#"TR7(EN;FRDBM[93"X2-<C"H,X`]^Y-?<]>8?LR_
MM`WO[1VA7^NKX?ET/0HIOLUB]Q.))[UE_P!8^``%4'"]3DYYXKT^N+(<+3HX
M9RI3<U-N5VK-WLOT^9MF%:<ZEIQ47%6L@HHHKVCA"BBB@`HHHH`*\3_:2_98
MM_V@OBGX7U/7+J.V\+^'+6=[Y/,V273%T(CS_"F%)9LYQP.N1[97EW[8?P:N
M_CA\"M6TG3Y[F+4[<"\M(XY61+IT!/DN!PRN,C!X!VGM7GYK1C5PLHRASVUY
M=KM:I?@=.%J.-5-2Y;Z7[7T.M^%OC'PYXP\-'_A%9[2XT?2Y3I\;6B;;=3&`
M"D9`PRKG&5XR#SQ725X/\.?%^D_L>?LW_#O2M;1H;_69K:T:#A'6>X</*[`]
M!'O.?H!WKW9YT25$9U#R9VJ2`6QUP.^*O`XGVE-1G9323DETNKI$UZ?+)N/P
MW=GWL.K+\::CJ>D^&+VXT;35U?5(XS]FM&G6!)7[!G;A5[GJ<#C-7IM2MX+N
M*W>XA2XG!,<;.`\@&,D`\G&1T]:\;_:O\6?%_P`&Z7)>^`=.T74=-CCS,5A>
M;4H2!R5C)V./H"?8U6.Q*HT95&F[?RJ[7R%0IN<U'1>NB.9_97^$/Q0T;]H7
MQ'XS^(J6A?5]+-I$T%XLR0GSD=8D0?=0*#CWZY)S7TA7FW[+&A^++'X6VVH^
M-]5O=2\1ZWB\GBG`1;!&'R0JB@!2%Y;C.XD'H*])K#*:$:6&CR\WO>][SO+7
M76W4TQE1SJN]M---M.P4445Z1RA1110`4444`%%%%`!1110`4444`%%%%`!1
M110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%
M%`!1110!P'[1W[/NG_M'^`1H6H:AJ&G"*87,$MLW"R@$*70\.HR>#CV(->;^
M(?@KXN\(_L):SX'Q_;.O:;$;?3I-/+![F);A9(F4'!5U7C&>-G!/!KZ'HKSL
M1EE"K.=6UI2BXMKL_P`-.ATT\54@E'=)IV\T?//P2?Q;\>?@]JG@+XL>%=8L
MKA[0Q1ZK-"`EVHQM<D'Y9T;!ST;&>N15;]E#]D/QI\(;\7GB/QYJ\EM;R$0Z
M/973/:RJ"0K2&3/48.U`,9^]7T?16-/)J2E3J59.<X*R;=FUTO:U[>?SN7+&
MSM*,$DI=/\K[!CDGUHHHKUSC"LCQ]X(T_P")7@S4]!U:$7&GZK;M;S)WP1U'
MH0<$'L0*UZ*F<8SBXR5TQJ33NC\N=(_9UU+1OVJ]-^'FI(SS+JT43R;?EGM@
M?,\T>S1`GV.1VK]0;FYATNQDFE=(+>VC+NS':D:*,DGT``KEM:^"^D:W\8M$
M\;R)MUG1+2>S1E48F20`#=[K\V#_`+;5X7_P4K_:%_X0GP-%X(TR?;JGB--]
M\R'YK>S!P1[&1AM_W0WK7RF$PE/(\/B*\W=-^[W:M[J];MK\3UZU:6/J4Z<>
MVOKU?W'T7X"\<Z=\2O!VGZ]I,QN--U.+SK>0KM+KDC..W2M>OFW_`()?^/CX
MD^`EUHLC[IO#>H/$JY^[#+^\3_QXR#\*];^-/QXT?X#IH5SKWF0Z=K-^+![H
M<K9L49E=QUV97!(Z9S7M8+,H5<%#%U6DFE?LGL_Q.&OAI1KRHQ5[/3^O0[>B
MF6UU'>V\<T,B313*'21&#*ZD9!!'!!'.:\I_:)_:I@_9HUO26UO0-1O-!U<%
M%U&R=7:"9>3&\;8ZKR"&YPW'%=>)Q=+#TW5K.T5U]3&G2G4ER05V>IZE/-:Z
M?/+!`;J>-&:.$.$,K`<+N/`R>,GBOCCX\_\`!1?QWX$\0SZ+%X'A\*WB9VG5
MF:XE8?WT"[48>X+"O>/A_P#ML_#/XC-'':^*+.RNI>!;ZB#:29]/GPI_`FNO
M\??#7PQ\</"IL=<L+#6].F&Z-CAC&?[T<BG*GW4BO+QWM,=1_P"$[$*+\K-/
MU>K7JON.NART)_[33NO.Z_X#/@3P'\3/BE^V'\5-/\,7/BW6([6_?S+T63?9
M8;:V7F1RL>,\<#).685^BGASP_:>%-`L],L8A!9V$*P0QCG:BC`^I]^]><?L
MX?LD^'_V:+W7+C29[N^FUB5=LMT%,EM`OW80P'(W9)/!/&>E>J5EP_EE;"TI
M5,7)RJRW;=[);*_X_/R*S'%0JR4:*M%>5M0HHHKZ$\X****`"BBB@`HHHH`*
M***`"BBB@#D?$_P8T?Q3\5?#GC">,C5_#<<\,#A1B5)4*X;_`'221Z$GUKY2
M^.O[7CW7[;GA>&UGDA\/^"]3%C,#E?/DE_=7$A![*&VCV4D=:^VZ\T^//[)_
MA#]H2R=M7LC:ZLJX@U2SQ%=1'MDXPX'HP(],5X6<9?7JT?\`8FHRYE)_WFK6
MU^2^X[\'B:<9_OTVK-+RO_PYL_'3XSV7P&\"CQ%J=O/<Z?%=P6]QY/+Q)(X4
MR`?Q;<YQU(!KH=(\36WBSPO#JNBW-KJ-M>P>=9RI)^ZGR/E^89P,\'C(YXS7
MF/[57P6U_P"+'[-W_"*Z5+;WVLJUINFN'\A)O*92[GK@G!..>M>;?L>?!3XP
M_LZ:X--U&WTG4/"%])FXMEU$-)9.?^6T0*_]])T;KUZNKC\53QRI.DW2E%:I
M7Y9:[VZ;7[;A##TI4'-22DF]&]T;FA?\%)?"5OKUUH_BW2=;\*:MI]PUK<I)
M%]JABD4X8;D^;&>^WIS5WQY\!_A1^VYI5SJVB:C9'58R%DU72&43(QY`F0C#
M'']\!O0BM#XN_L'^%/C/\98O%FJSWD44D"I>V%MB-;^1>%=G'(^7"D+@G`Y'
M?USPAX,TGP!H4.F:+IUIIEA;C$<%O&(T'OQU/J3R:QH8/&UW.AF*A.DGII[S
M[/31?G?[RZE>A34:F&;4NO9?YC/`G@JP^'/@W3-"TN(0V&E6ZV\*]\`=3ZDG
M))[DFM:BBOH(14(J,59(\Z4FW=A1115""BC]:AM=2@OFF$$\4YMY#%*(W#&)
MP`2K8Z-@C@\\BAL":BO)OC5^V5X6^`/BE-)\1V/B.&6>/S8)X;$26]RO?8^[
MD@\$<$?E7,:)_P`%*/AQK^M66GP+XB^T7]Q';1;K`!=SL%&3OX&2*\VIG.!I
MU'2G52DM+-ZG5'!UY1YXP;1]`45%>7L.GVS37$L<$28W/(P55R<#)/O4H)Q7
MI7.4\2_:Y_8ZB_:6CL]0MM:N])U[283'9ER9+0Y;=\R=5)('SKSP.#@5S_[8
M?A_XC7GP\^'M_P"%[&_N/%VAWBSW3:>1((G^SE7)S@-&S9&#U!Y%?1M%>5B<
MHHU?:.+<95+7:?9W3]5W.NGC9QY4]5&]D_/<^>?'O@#6_P!L7]G`V^M^';SP
MCX\T=Q-:?:08H_M"CDQR`D^5(N0>ZG&<X!/4_LM_L_>)/@QH:MXD\;:WXCO)
M(]OV-YV>QM/9-^78CU)`_P!FO7:*JGE5*-:.)FW*HE:][7MU:5DV*>+FX.E'
M2+=[=O2X`8HHHKTSE"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H
MHH)QUH`**^=/VB?^"BWACX4R76E>'!%XH\0PY1A&^+.U<<8DD'WB#_"F?J*[
M+P/X]F_:R_9SM]4\/ZY=>&-9NH]CSVFUVL+M.'C96!#(3S@\E6!R#7F0S?#5
M*LL/0ESSBKV7Y)[7^>G4ZI8.K&"J35HM[O\`JYZS17PE\-_B_P#&#P=^UIX;
M\%^,_$6J,)=26*X@=(_)O(2&PZ,$!9&QG(^AP017T?\`M+?M0M^S-XB\-SZG
MI4E_X:ULRV]Q/;'_`$FSF7:P(4_*ZE2>,@_+P3TKFPN?T*M&=>I%P4'ROF6J
M>F]K]S6ME]2$XTXM2<E=6/7J*Y[X9_%?P]\8?#B:KX<U2VU2S;`8QG#PMC.U
MU/S(WL0*Z&O9A4C.*G!W3V:V.*47%\LE9A1115DA7BG[3'[$/AK]H>XFU;S9
MM&\3-&$%_#ETF"C"K+&3A@!QD8(]>U>UT5S8O"4<33=*O%2B^_\`6C\S6E6G
M2ESTW9GR#^Q9\(/&'[+O[0FI>'_$-B[Z3XDL66VU"V)DLYYH3O7YOX&*&3Y6
M`/IFMK_@JW_R1GP[_P!AH?\`HF2OJ2N:^)_P>\-_&;2+>P\3Z5#J]I:S?:(H
MY'=`DFTKN^4@]"1^->/4R/DRZI@,/+1WM?I=WM=>=^AV+'\V)CB*BVWMU/B?
M]B/]MV3X2W%MX3\5W$DWA>9@EI=N2S:2Q/0]S"3V_@ZCC(K['^.?PGT[]H+X
M1ZCH$\D31ZC")K*Z4AQ#,!NBE4CJ,XZ=5)'>N:_X81^$O_0EV'_?^?\`^+KT
M7P/X%TOX;^&;;1M%MC9Z;9@B&#S7D$0)S@%R2![9P*G*,MQE'#RPF.E&<+65
MF[V[:I:=NJ]-JQN*HSJ*M03C+Y??N?FS\+?V*?'WQ4\5WFEKI+Z7!IER]I>W
M]\ICMHG0X8)WE/H%R,$9(K[F_9H_9)T/]FO3&-G>:AJ>J7";;BZGF98SZA(0
M=B#WP6]Z]6HIY3PSA,#+VB]Z?=]/1?KN+&9I6KKE>B[(****^B/-"BBB@`HH
MHH`**,XZT4`%%&:*`"BBB@`HHHH`****`"BBB@`HHHS0`45PGCOX_P"E>%?$
MZ>&],AN/$WBZ90Z:/IQ5I85/22X<_);Q_P"U(1G^$,>*VO"6C:W*ZW_B&]@:
M\892QL=PM+3VW'#2M_M,`/15KFCBH3FZ=/WFM[;+U??RW[Z!<Z&J^JWYTO39
M[GR;BY,"%_*@7?+)@9VJ,C)/;FF:]KEKX9T2\U&_G2VLK"%[B>5SA8T4$LQ^
M@%?-WP?_`."F_A?QKXBN-/\`$=I)X:CEN'6QO68R6\D6X[/-.,QOC&2<KD]1
M6.+S+#8><:5>:BY;7_JR^9T4L-5J)RA&Z6YY;^UG^VW\1+V[N-&LM#UOX?Z2
M<H9;F!H[ZY'_`%TQMC!]$)/^U7._\$\_VBC\*_BRVAZG=$Z)XNE6-Y)'R(+O
MI'(2?[^=C'W4GI7Z"8L/%.D*Q^R:E87:;E/RS0S*>XZ@BO,?'_[#GPR^(3/)
M/X:M]-NI#N^T:8YLY%/7.$^7.?537S6)R',/K4<=1K\[B[I2T5NRM=6:TV1Z
M=/,,/[%T)T^5/MK\]3K/C7\%-#^/7@:XT+7;??%)\\$Z8$UG+CB2,]B/R(X.
M17YU^+/@)KO[//[0WA_1=:C\R.35K9[*]12(;Z+ST^9?1A_$O4'VP3^FWA_2
MGT/0[2RDN[F^>TA6(W%P099MHQN<@`%CW(`R:ROB1\+-%^*^D6UGK5HMPME=
M1WEM(/EEMIHV#*Z-V.1@^H)!KT<ZR&&/4:T?=J1MKW\G^CZ>ASX',)8=N#UB
M_P"KHL_$+PC#X_\``>LZ'<!6BU:REM&W=!O0KG\"<_A7Y]?`C]N;QK^SW?G1
M-7:3Q)HUA*UM+9W<A%Q;%&VL(I3DC!!^5LCZ5^CO:OS]^*W[+%UX^_;XU/PM
M;))#INKSKK5S.BX$%JX#2L/<ON0?[3"N+BJ&*A.AB,&VIWY=.M]5?HU===-3
M;*I4FITZZO&U_N/M[X1?$^P^,OP]TWQ)ID-[!9:FA>-+J(QR##%3QT(R#@@D
M'J*Z2N2^('B:P^`WP8U/4X+:*.P\,Z:S6]L/E3$:8CC'H"=JY]ZN?"GXD6'Q
M<^'VD^(],??::K;K*%SDQ-T>-O\`:5@5/N*^FI5TG&A4DG4Y4WY]&UY7/+G"
MZ=2*]V]O^`=#111749!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444
M`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`
M4444`%?/G[0_[?.E_`7XOV7AIM+?6+>&$2:M+!*!+9L^#&J*>&;;EB"1PR\Y
MKZ!E#-&P5MKD'!QG!]<=Z\1T7_@G]X!3Q#=ZSK\6I>+-7U"=KFYGU*Y)221C
MDGRTVKC/0'.!Q7E9JL=*$88%I-O5O9)=+6>_IM<Z\(Z"DY8B[79&OH6G?"3]
MKOPZ;^WT_P`/>(D&!-F!8[RV8C[KXQ(A_P`C-:WP6_9H\/\`[/\`JVJ2^&9M
M3M;'5]K3Z?-<&:W61>DB;AN5L'!^8@C'H*ZWPEX#T3P'9?9]$TC3=)A(`*6E
MLD(('3.T#/XUK5M1P,+QK5H1]HOM)6_X/WLB=>6L(-\KZ-G->-?A-HGC[7]!
MU74+4-J?AJ[%Y87*?+)$V""F>Z,#RI]CU%>;?\%!?AE<?$O]G*^6QMI+O4M)
MNH+VUBC7=)(=^QE'N5<_E7MU!&<5>+P-*O1J4FK<ZLW\K7]4*EB)4YQFOL['
MAG@GPQ9_L)_LD7M]);Q7>IZ?;?;]0P0IO+MRJA`WH"50>PSW->N>`O&]A\2/
M!FF:]I<PGL-5MUN(6'7!'*GT(.01V(->$_\`!1E=;\8^!/#_`()\-Z?>:KJO
MB*_\YX;=<E88!DLYZ*N]DY8@<5U/[$WP)\2_L_\`POFTCQ%JEM=M<W'VJ"S@
M!9-.W#YT\P_>RW/``!SC.<UY>$KU*6.^HT8/V,(I7Z*6^_6Z:OUOKW.JM",J
M'MYR]^3>G=?\.>R4445]`><%%%%`!1110`4444`%%%%`!1110`4444`%9_B7
M4;W3]$O)=,LX]3U&&/=#:-<"`2MV!<@[0>><=JOR-M1C@M@=!U/M7RPO[,7Q
M?\>_'B^\>7/BVU\$R3R".VMK:1KR2&U0_NX708B88Y()(+,37GX_%5:2C&C3
M<W)VTMHN]WIZ)[G3AZ4)W<Y**7?KY::CO!OQS^,7AC]H*$_$/PQ=6'A#5?\`
M0`EC;BXL].=F_=RF5-Q;GY6+$##9P,53^+G[+/B'X<_M!>$_%'AC4]=N_"MU
MKUHVH:?]MFD_LW=.N2%+'=`<]#]W/]WI]5:3;W-IIEO%=W*WEU'&%EG6(1"9
M@.6V@G;GTS5BN%Y(JE+DK5)2?-S1;MS1?576C7E:WX6W^ON,N:$4M+-+9^?J
M?.?[5O[2GBO]F?XS^'9K2S&O^&O$MOY+:<PVRK<I(`?)<#(9E=/E8$$CMUKZ
M&T^Z>\L8998FMY9(U=X6(+1$C)4XXR#QQQQ6)XP^&&D>.]?\/:EJ=O\`:+CP
MQ=M>V.?NI*8RF3ZXSD>Z@]J^>]'^./B/5/\`@HAJ^G:/9:CJ_ARVMXM$U)85
M+1610%_/8_=4K([*<\D$XSQ3J5ZF"KN5:3E&K-**WY;K5][7Z=$*,(UZ:4%9
MQ3;??73\#ZEHHHKW3@"BBB@`HHHH`**"<5XS^UE^V[X4_93T1DOI1JOB6>/=
M::1;R`2MGH\I_P"6<?N>3V!KEQN-H82DZ^)DHQ6[?];]ENP;MN>G^.O'VC?#
M+PQ=:UX@U.TTG2[-=TMS<R!$7V]R>P&2>P-?.FG?&[Q]^V_J4UG\.A>>!?AS
M&YBNO%ES%C4-2`.&2RC/"?\`70YQ['Y:XOX/?LR>-_VW/%%G\0/C9//;>&T;
MS]'\*IN@B9#RK.F<JA&.O[QQU(&`?L_2]*MM#TV"SLK>&TM+5!%##"@2.)`,
M!54<``=A7A4*F+S3]Y).E0Z+:<UW;^Q%]E[S[I$7<O0YKX/?!/P[\"_#)TOP
M]8FW69_.NKF5S-=W\O>6:5OFD<^I/TP.*ZRBBOHZ-&%*"ITDE%;):(L^<_V]
M/^$W^)>C6G@'P5H6IZ@FI%;C5KQ%$5ND0/R0&1B%RS#<PSD!1ZUXSX!_X)7^
M+M;*2>(M<TG0XF^]%;JUY./;^%`?Q-?4FM_MF_##PYK5YIU]XPT^WO;"9[>X
MB:.4F*13AE.$QD$8XJWX'_:M^'WQ*\2P:-H/B6VU74[D$QV\$,Q8@#)8Y3``
M'<D"OEL5EN5XS%NKB:RG)Z*/,DEY))WW\]SUZ6*Q=&CR4H66][/[^Q3_`&<?
MV7[#]F_2Y+6PU_Q%JD<X^:"\N0;5&S]Y(@,(?H:]/HHKZ;#8>G0IJE25HK9'
MF5:LJDG.;NV%%%%;F852C\.6,7B&75EM81J4]NEJ]SM_>-$K,RIGT#,QQZFK
MM%)I/=#NSYN_X*?^/CX:^`=KHT;E9_$FH)$0#]Z*+]X__CP0?C7DG_!,?X]3
M>&O'%SX#O6EET_7-UU8X!86UPJ_.#CHKJ,YZ;E']ZO9_VH?V4-;_`&H_C!HQ
MN]031O".A694RJ1)<W4TCY<1IT7"J@W-[X!KTOX8_!7P9^S9X3N!I%E:Z7;0
M1&2]O[A@9I%49+RRMS@`9QP!V`KX^>7XVMG#QR?)3A9)OJDM5;LVWJ_57/96
M)H0P7L+<TI:^CZ?H=T#D45'9W<=]:13Q.)(IE#HPZ,I&0?RJ2OL;GBL****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@#S']LZX>T_9<\;2QR/%
M(FG$AT8JR_,O((Z5\X_L-_L?ZKXXDM/&?C*XU-=&0B;3=.EN)`;\CD2R`GB+
MN%/WNI^7K]G>)O#MAXLT*XT_5;6*^L+@#SH)5W)(`0V".XR!QWKYB\??\%!C
MXO\`B'I7@GX:V?F7&I7\6GMJUW"5CARX5C%$<$[5SR^`,?=-?+9SA\)'&4\7
MC):)6C'K*5^W7=>7?S];!5*SHRHT5N[M]E8^JQP`/2BD4;5`R6(XR>II:^I/
M)"BBC-`&7XR\8:7\/O#=YK>LW<%AI]A$9)[B4X"J.WJ23P`.23@5\P?L_P#[
M6FJ?M)?MDQQ0^?8>%K#2[LV-B3AI3NC'G2XZN1T'10<=<D_0_P`6?@[X6^,&
MD06_BRQ&H6%BYG6.2ZEAB5L??8(Z@D#H6SC)Q7+?!/X'?"CPEXKNM6\#6.E?
MVIIZFSN)[._DN1"'`)C.7903M!QU'MFO#Q]'&5<525.<8TTTVKOFE;7MLNU_
M-G?0G1A2FY)N35EIHOQ/5:***]PX`HHHH`****`"BBH-1@GN+5DMY_L\Q^Z^
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MOF3X"_%SQ_\`&K]KK6]-\1XT32?!$4V_2;4D0M,S>7&TCGF7*EG&<+T(%>'F
M#A#&T:DW)N7NJ*O:^[<NFBV7]+OP_-*A.,4M-6WO;LO5GT]14=K>PWT1>&6.
M9%=D+(P8!E)5AQW!!!'8BI,U[E[['`P/2OF7]K;]KS1?V<+.?PKX-33D\5ZC
M*9KIH579IYD;+2R8^],V<@'/J>,`_0/CSX@:1\,O#-QK.N7@L=-M<>;,8W<)
MGID*"?TKPWP1^T7\,OCG\6[?0?#'@BW\0WEXSW-YJ<^E00PPQCEIF9U+L22`
M.,DD<UXF<U_=6'I58PJ2T5]96?9+77N=V#AJZDX.45\E\W^A]"Z<[26$#,2S
M-&I)/<XJ:A5"*`!@#@`=!17MK8X0HHHH`**22588V=V"J@R6)P`/4U\"?MY?
M\%))O$,]WX%^&EY)]G=C:ZAK5J29+IB=I@M2.<$\&0<D\+QR?'SO/,-E>'=?
M$/T2WD^R_5[(4I)+4[_]M[_@I5:_"V>Y\(?#Z2'5O%9;R+F^5?.M],<\;$`X
MEGS_``C*J>N3\M9_[$G_``3XNAK,?Q(^+`GU;Q/?2"\M=.OF,S6[GD37&?O2
M^B'A.._"V_\`@GG_`,$\T^%$5GXX\<6BR>*9%$NG:=*`RZ.IZ2..\Y'_`'Q_
MO9(^PJ^?RO*L3F-:.9YPMM84^D?-KK+UVZ]$I2;UD%%%%?<%A1110!^6?CSX
M>:Q\5?VI_%&@Z#9O?:E?:]>*B#A443-N=ST5%'))Z?7BOOO]ES]ES1_V:O"'
MV>#9?:[?*#J.HE<-,P_Y9I_=C4]!WZGGIL_"3X":%\(=3U_4K*(SZOXDOI;V
M^O90/,?>Y<1+_=C7/`'4\GFLF^_:O\+2?%[2_`^D7!U_7M0F:.9;(AH+!%4L
M[R2=,@#[JY.>#BOD<JR;#Y?-XK%R7M)NR\KO1+NWUMZ+2[?LXO&U,1'V5%/E
M2U\[=7Y'IU%`SWHKZX\8****`"BBB@"#4]3M]%T^>\O)XK:UM4:66:5@J1(!
MDL2>``.]?GI^VS^VG<_':\G\/>'Y9K7P?;,0[C*/JS@\.PZB('E5[]3V`^MO
MVH_V>/$'[1FE0:/;^+AX?T%0'N;6.R,KWK@Y&]MZ_(.,+C&>3GC'AC_\$DI&
M4C_A.AS_`-0K_P"V5\=Q+#-<4GAL)3]SJ[Q3EY;Z+OW]-_:RR6$I/VM:7O=%
M9Z?AN?7O@W_D4-*_Z\X?_0!6E5;1=/\`[)T>TM-_F?984BW8QNVJ!G]*LU]?
M!6BDSQI/5A1115""BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`KYV
MT_\`9!7PY^W%;^-K*W0>'[BTGU!U``6WOR!&0!V#!VD'N&]J^B:",UQXO`TL
M3R.JO@DI+U1M2KSI\W*]U9GC6K_M5VD'[76D?#>U:&2"2SF^W3]2EV4$D40/
MJ$5B?=U'8UZ_<:A!:SP12S11R7+%(E9PK2L`20H/4X!.!V!KXW^*O[#GBOX5
M_%VT^(/@^]NO%*VFJKJMS:3L/[0!\S=)M/`E!!(QPW.,&NX_X*;:_<Z'\%?#
M>IV%U<6-Y;:]!/;SQL8Y87$4A#`]017B4LTQ="EB:N,A9P=TNG*[))/;H_F]
M3NGA:52=.%&7Q*S]?-'T=JNJVVAZ=/>7EQ%:VMLADEFE<(D2CJS$\`#U-0PW
MUMXIT:1['4$DAN4*I=6<J/MR/O*W*Y'4=17A/['G[9.F_M'^'V\-^(FM(?%4
M4!2>!@!#JT6,-(BGC./O)VZCCIX7J7[%'Q)\$?M"ZAI/@&XU+2-#9Q=6NK)=
MO;VUO"Y)$;%3\[H<KM`)(`/&<UK7SUNE3Q&$INK">CM\2?FOSVMWU)A@4IRI
MUI<DEKKLS6_:K_8U^*MYJK7=CXCUGQ_I4\H58+BY*W%KN.!NB!$;*,\L@'`R
M5%?5G[._P7LO@%\)M*\-V81Y+9/,NYE&/M-PW,C_`$SP/10!VJ]\(_!>L^!/
M!T%CKWB:^\5:DO,EY<PQQ=ONJ$`^4>K$D^M=16^79-0H5I8N*:E);2=^7ND[
MO?U>QGB<;4J05%M-+LK7_KT"BBBO;.$****`"BFS3+;Q/)(RHD8+,S'"J!U)
M/85B^%/B-HWC_2+R]\/ZA::Y%8S26SFUE5E\Y!S'NZ9Y'.<<]:F52*:BWJ^G
M4JS:O8W**^;O$O\`P4U\)>#M:O=-U7PUXPL=0T]VBN+>6VA5XF'4']Y^1Z$<
MCBO=;KXC:1I7A33M:U&]ATRPU(0^5+=,(U5I0-BL>@))`Y.,]ZXL/FF%KN2I
M33Y=_+UN;5<+5IVYXVOL;E97C'P-HWQ#T*;2]>TNPUC3[@8>WNX%FC/OAAP?
M<<BM1'$B*RD,K#((.01ZTM=LXQG%QDKIG.SY"^)?_!/'Q%\(=1G\1_`;Q7J?
MAF\!,LF@371:SN><[4+Y4?[L@8?[2UA?"7_@JGJ?@;Q,_A;XS>&KO1-5M&$4
MU_:V[(8S_>EMSD[3UWQE@1T%?;5>9_M*_LH>$OVH_"QL?$%IY6H6Z$66J6X"
MW=DQ]&_B3/5&R#['D?)XS(,1AFZ^2U/9RW<'K3E\OLOS5OEN0XV^$[;P1X\T
M;XE>&[?6-`U2RU?3+H9BN;642(WMD=".X/(K6K\H/$>B?%7_`()F_%T?8[Z2
M*TO7+07"*7TS7(QV>,\!P.HX=>H.,&ONC]D#]O/PS^U-9+I[[="\701[I]*F
MD!$X'62!CCS%[D?>7N,<TLEXMI8JL\%C(^RKK1Q>S?\`=?Z=MK[A&I?1[GN]
M<9\0_#%YX?T/Q5KO@_2[2?QGJUBD,;22"(7#QAA$6)X^4.2,]<`$UV=%?5U:
M:J1L].SZK2UUYZFL9N+N?-7_``3]\2:WI'PH\6>&?$%O?67B#PS?2W+QWJ$2
M[9U,@8@_>!D$AR,@YKJOV7/VL;/]IKP3=6:3PZ-XRLH&6XM]H==V,+<1J?OQ
MYP2IY!X/8GV::PAN#(9(T9I8_*<E1N9.?ESUQR>/>N`\*?LF_#OP-XCM=7TC
MPO9:=J=D_F0W$$DBNA[_`,7((Z@\&O'HX'%X=4:5&:E"*:E>Z;5]+6OJE]_Y
M=M3$4:CG.<;2=FK='U^3/'/AU^V7\1-1^)^H>!-<^'2>(-5TZ8VMY)I<A@C5
M<X\UQ+E`C*002P!!KW?X;_`SPM\+]=U75]"T.UT>^UX(;Q8>$!7)VJOW5&22
M0N`3S7616D4,\LJ1QI).09&50&D(&`2>^!QS4E=.#P$Z>N(J>T:;Y6TKQ7D[
M7O;=WU,JV(4M*<>5/>S>H4445Z9RA222"&-G=@JH,DDX`'J:6OS_`/\`@I1^
MWNVOW-]\./!-\181$P:[J4#?\?##AK6)A_".CL.IRHXSGQ\]SO#Y7AGB*_HE
MUD^R_5]$*4DE=F3_`,%#/^"ATWQ!NM0\"^!K[R_#D68-4U2!B&U-NC11,.D(
MZ%A]_D#Y?O>@?\$V?V!AX0M;'XA^-;$?VO*HFT739T_Y!Z$?+<2*>DI'W0?N
M`Y^\?EX'_@F5^PXOQ"O[7XB^+++=H-C)NT6RF7Y=0E4_Z]@>L2$?*.C,,]!S
M^BE?&\-Y3B,SQ']N9KJW_#CT2Z.W;MW^)]#.,6WS2"BBBOTHU"BBB@`HHHH`
M^3O^"G>O>./#.@:3+I6K7%IX/U'-I?QVH,4GG\E1)(.3&ZY``P,J<YR*X+_@
ME7\/QJWQ0U_Q%)%F+1+%;6%L<++,V3CW"(1_P*OLWXK?#;3_`(O?#W5?#FJ)
MNM-4@,18#+1-U61?]I6`8?2O-OV%O@3?_`7X2WMAJ\*QZO>ZK<2SL.CHC>7&
MP_V65-P]GKY#$9-4EG=/%-MPLWKT:5K>6K37S/9IXZ*P,J2TEMZI_P!6^X]J
MHKY-_:,_;$.B?M;^#?#FG7931O#FI(FLLC?+/-,#$4/J(UDS_O$_W:^LAFOH
M,'F5'$U*M.D[^S=G]W^=U\CSJV&G2C&4OM*X45';7L5YYGE2QR^4YC?8P;8P
MZJ<="/2G3SK;0O)(P1(P69B<!0!DFN^ZW,!U9?BCQMH_@FS-QK.JZ=I<`!.^
M[N$A4X]-Q&:L:)XAL/$MBMUIU[::A;/RLMM,LJ'\5)%8'Q:^"/ACXX:!_9WB
M;2;?48DR892-L]LQ'WHY!\RGZ'!QSFL:TZCIN5"S?2[T^]7+@H\R52Z7XGF/
MCW_@HY\,_!H>.TU"\\17"=$TVW+(3Z>8^U?Q!-0_LT?M>Z[^U#\0[R'3?#4&
MC>%](BWWEW<SM/<2.V1'$H4!58X+'.[`7W!KY^^/W_!-OQ1X`F>^\'M)XJTI
MVPMOPE];Y/`(X611_>7!_P!GO7U_^S%\#;?]GWX1:;H*;)+XK]HU&=1_K[EP
M-YSZ#A1[**^5R^OG&(QSABE[.$-79:/LDW>_G9[:'JXF&"IT.:D^:3[].^FA
MZ"****^P/&"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
M*`"H-0TJUU:$1W=M!=(IW!98PZ@^N#WJ>BAJ^C'<S[7PGI5E<)-#IFGQ31G*
M.ENBLI]00,BM"BBDDEL@;;W"BBBF(****`"L_P`3^*],\%Z2]_J]_::;9(Z1
MM/<RB*-69@J@L>!DD"M`YQ[U\M?MO?#7XC?M*>+++PMX;T9XO#&CD7%S>WDZ
MV]O>7+#C&3N=8U.,A3\S-Z"N#,\9/#4'4I0<Y;))-W?RZ=6=&&I1J5%&<N5=
M6=U^U'^S3X@_:-TY(]-\?76DZ6\8*Z:+=6L[GC.YW0AV!]"6'M7G'[)/[/OQ
M+_92^*<MK>VEGK/A'7P(;J?3[D,+65?]7/Y;[6`ZJV`>"#VKM?V2_P!F'QY\
M!%CBU;QU%?:.!SHT5LT\"<?P2N0R?15P?2O?:\NAE<,35CCZL)4JJ?\`-?Y;
MM6>UK+T1U5,7*E%X>,E*#\K?Y:_>>&?ME_L<67[1OAN74=-$-CXPL82MM<'Y
M4O5`XAE/I_=;JI]LBNE^+?POE\=_LFZCX9N(<7K:"B+&<,4N(HE91QU(=`.*
M].H(R"#SFO3EEF'<ZE11LZBM+SWU]=3F6+J<L8M_"[H^-?\`@EUK7CCQ!+JB
MW&JW,O@G2HA`EO<CS?\`26Y"1.>455Y8`X^9>!7V'INJVVL6QFM;B*YB#O'O
MC8,NY&*LN1W#`@^A%<?9>']"_9G^#6J'3(!;:;HL%UJ3AB,R.=TK$GN2QQ[#
M`[5\P_\`!,7X\ZG?>+=:\(Z@MY=VVIM)J\$RQLZ6<['=*KMT57SD9_B!_O5X
M^!KK+/J^75I.4IWUO>STLEY=$=F(@\5[3$P5E&WS_P"#U/M6BBBOJ#RCF/B_
M\(-!^.G@.]\-^)+)+W3KU?I)`X^[)&W574\@C]02*_*#]IK]F[Q+^QM\6X;6
M2YNOL_F?:M#UJW)B:=5.001]R5,C<,^XR#7[#5PO[1?[/^B?M)_"^^\,ZW'M
M$P\RTNE4&6QG`.R5/<'J.X)'>OD.+.%Z>:4?:4M*T?A??^Z_+L^C\KD3AS(\
M'_8#_P""AT/QP6U\'>,IHK7QC&NVTN\!(=951Z=%F`!)7HV,CN!]9`YK\2/B
M;\-]>^`OQ.O_``_JRRV&MZ%<`K+"Q3.,-'/$PYPPPRD?S!K]'_\`@GA^VXO[
M1WA0^'?$5Q&GC;1809&.%&JP#`$ZC^^.`ZCN01P>/$X.XMJ5I_V9F+M5CHF]
MW;>+_O+\?7>83Z,^F****_2C4****`"BBO%/VX?VM+3]E?X5/<P-#<>*-8#0
M:/:OR-^/FG<?\\X\@GU)4=^.7'8VCA*$L17=HQ5V_P"NKV7F#=E=GE'_``4O
M_;C;X7:3/\/_``G>E?$NHQ8U.\B;YM*@8?<4CI,X/_`5.>I&/E/]A7]D>X_:
MG^**Q7B31>$M"99M7G7(\[/*VRG^\_<]0N3U(KS7PEX6\0_'WXJ6NF6C3ZMX
MD\3WIW2RL6:21R6>60]E499CV`K]@/V=/@/I'[.'PGTSPOI"AUM5WW5R5`>]
MN&'[R5O<GH.P`':OR3*J%;B?-'C<6K4*>T>GE'Y[R?RZJV"7/*[V.PTC2;;0
M-*MK&R@BM;.SB6&"&)0J1(HPJJ!T```JQ117[(DDK(W"BBO*_P!KG]I6']FC
MX;+J4<=M>:UJ$PM].LYF(69NKLV.=JKUQW*CO6.*Q-/#TI5JKM&*NS2E3E4F
MH05VR_\`'/\`:G\'?L_6!;7-2$FHLNZ+3;7$MW+[[`?E'NQ`K(^-OQ_U_P`&
M_"FP\;>#=!LO%^@W%NMU<?Z2\4\,3`$2A55MR@?>'5?H#CF_AA<>!/VV_#\M
M]XC^'$]CJJ(#/->:>\0E[9BNE"EP/3((]*]5^$?P>TKX*^$FT'1Y+Y])69Y8
M+>ZG,XM@YRR(3SLSDX)."37E4ZF+Q7-.E-*E)>[*/Q)^:DK/S7_#G7*-&E92
MBW)/5/9^ECA?@S^UD/'_`.SEJ'Q#U?2'LK;3)Y5N+:QD-RPBC*[I!D+G"DL1
MZ+QFO1_AY\3=!^*WAZ/5?#VJVNJV4G\<+Y,9_NLO56]B`:H:'\%M`\*^"M;\
M/:99K9Z5KLEQ+-;I_JXVG7$@0?PJ>N!P,G'%>%?"3P%_PP!^RSX@\3ZG;0W7
MB6YD62:(M@./,\N"`$?[+%C[L?2A8C&89TUB+2@H-SEV<>JMWOM;HP<*-7F]
MGHVURKR?^7<^HJH^)X-0NO#E_%I4\%MJ<D#K:RSH7BBE*D*S`<D`X.*K^!/&
MMA\1_!VFZ[I<PN-/U6W6XA?O@CH?0@Y!'8@UK5[*E&<+Q>C6Z\SB=XNS6Q^4
MGQT^!/C3X*^(ICXKLKA9+N9I$U1"9;:\D)W%Q)_>).<-AO:OTL^`/CX?%#X+
M>&->W%WU'3XGE/?S0NV0?]]AJZ/7O#UCXITB?3]2L[:_LKE=DL%Q&)(Y!Z%3
MP:ROAC\+](^$'A@Z+H44MMI:3R3PV[2&1;?>VXHA/(7))`).,U\[E.0RR[%3
MG2G>G-;/=-/3UZ]CTL9F"Q-**FK23Z;6_JQ\7^*?VI]7_9J_;6\;R1^;?^'K
M[4D_M#3]WWOW48\V//"R`?@PX/8C[8\!>/M)^*'A*SUS0[R*_P!-OTWQR)^J
ML.JL#P0>0:^4OC__`,$ZO%_Q9^,WB'Q)8:WX<MK/5[D3117#3^:@V*N&VH1G
M*]C72?LK_LG?%']FGQ:9(_$/AB_\/7SC^T-.\VX&[MYL>8\+(!^##@]B//RJ
MIF>&Q=2E5I-TI2DT]-+MZK79]5\UY]&+CA:M&,X32FDK^>GYGAO[:'PCU3]E
M_P"-C:OX9O-0T;1O$K/=V;V4[P"WFSF6'Y2.`3N`_NMCL:T_V<_VL?CEXM\0
M1:3H6/&AC(\U=0M@4@4GK).NTH/]XD^E?:GQD^"V@?'CPDFB^([:2XLTN$N4
M,4ACDC=#V8<C()4XZ@FM;P1X"T;X<>'X=*T+3+32K"#[L-O&%7/J>['W.2:I
M<,UX8Z57#UG3I/6T6[WZJVUNV_:PGFD)4%&I!2DM+O\`/N3>$I-6E\.VKZY%
M80ZJR`W$=E(\D"-Z*S`$CZ@5HT45]E%625[GBMW=PHHHIB"BBB@`HHHH`***
M*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH
M`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`
MKXVB_P""E_BW5_'TGA[2?`FGZE?O?265M%'>2&2<JY4'&WC@9)Z`9/2OLD^M
M>'?`_P#9W\,?LG:;K7BWQ%J&GC6-0FFGNM2N&"0V<3NS"&(MTXQD]6/M@5XN
M;4\9.=-8:I[..KG+31:=^N_ZG=A)T8QDZL>9Z66N_P`CV#PA/JMSX:LY-<@L
M[;5I(PUS#:2-)#$Y_A5F`+8Z9P,UHUB_#OQ_IWQ1\'V>O:2TTFFZ@&>VDDC,
M9E0,5#A3R%.,C/4$5M5Z]*2E"+B[II:]_/YG'--2::L%%%%62<Y\6/AM:?%[
MP)>^'-0N+NWL-3V)=&V8)))&'#%`QSM#8P2.<$UY[XV^)'@?]C71M!\-:-IE
MG;W^N7D-K9Z;;8620/*J-/,W+;5W'YFR6/`[X]0\;7.L6GA>]?0;6SO-8$9%
MK%=S&*`N>`78`G:.N`,G&..M?&C_`+"'Q9\4_&"R\6>)-5T'4+P:G;WEU*;M
MRVR.56V(NS`4*,*HP!7S^<UJU*2EA*+E4EIS6ORQO_6GS?0]'!0A--5IVBM;
M7W9]P4445]`><%%%%`'RO_P5"_94'QC^%Q\8:/:[_$WA*%I)%C7Y[ZR'S21^
M[)RZ_P#`AWK\X_AY\0-5^%_C32_$>A7;6FJZ5,MQ;RCH2.JL.Z,,J1W!-?N&
MZ"1"K`,K#!!&017Y&?MZ_L[_`/#.?[0NI6%I$8]"UL'4]*P/ECC=COB'^X^0
M!_=*U^0>(F2NC5AFV&T;:4K=&OAE^C?>W<QJK[2/TW_9I^/FF_M)_"#2_%.G
M8B:Y7RKRVW;FLKE>)(C]#R#W4J>]=[7Y:?\`!,O]I5O@?\<XM"U&X*>'?&3I
M9S;FPEO==(9?;).PGT8'^&OU+K[GA3/5FF`C5E\<=)>O?T:U^]=#2$KH****
M^F*,7XB_$'2OA5X(U/Q%K=RMII>D0-<7$IZ@#H`.[$X`'<D"OQW_`&D/C]JW
M[2?Q9U'Q3JS-$DQ\JQM"V4L+92=D0]^['NQ)KZ%_X*L_M6'XA>.5^'>BW.[1
MO#DPDU21&^6[O`.(_=8@>?\`;)_NBO'?V)/V<'_::^/&GZ/<1N="TW%_K#C@
M>0I&(L^LC87Z;CVK\4XRSBKFN/CE&"UBI6]9?Y1_S?8PJ2YG9'U]_P`$I/V5
M?^%?^!7^(>MVVW6_$L6S34D7YK2R)R'YZ-*0&_W0OJ:^P:9:VL=C:Q00QI%#
M"H2-$&U44#```Z`"GU^L9/E=++\)#"T=HK5]WU?S?^1M%65@HHHKTQ@>E>`?
M'S]K'PE\+OC9:^']2\&:CXC\11P1?8YK>VAFD_?$XCCWG<"2.<=>*]_ZUXG\
M9-0^&_[/7Q/N_B5XLO!)XAOK-+33K;8)9T2,$-Y$8_B;=RYP`,#(YSY>;RJ1
MHJ5.:@DU=RLTE\^NUO,Z\&HN;4HMZ:)=6>P:#?3ZIHUK<75G+I]Q/&KR6TCJ
M[VY(^X2I()'?!(JY6'\-?%TOC_P%I&N36,FFMJ]LEVML[AWA1QN4,1WVD$^A
M-;E>C2FI04D[W1S333:85YO^TI\`V_:-\.:5H-SJLFF:-#?+>7X@0&>Y"*0D
M:$\*,MDD@XP.*](KD?C7X#UKXE^![C1=&\12>&'O?DN+V*W\Z;RB.43YEV$]
MVZXZ8ZUAC:4:E"4)1YDUM>U_*]UOZET9N-123MY]C(_9WO?!6D:3JGA+P/\`
M-I_A"X%I<LLAEC,[C>X#DG<V?O$<9)`Z5Z+7D7[(G[--M^S9X<UFSM?$`\0)
MJMVLQE$"Q")D785X9LFO7:SRWVOU:'MH*#[*UDKZ)6TVL7BN7VKY&VN[W??\
M0HHHKN.<****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`KX<_X*<_"SQ'+\1]#
MU5+[4-1T+762PM;5W+0Z?=G"A57H/,'S`]<AAZ5]QU0\0^&-/\66D,&I6D-Y
M%;W$5W$L@R$EC<.CCT(8`UY><Y8L?A7AV[/1I^G?^O,Z\'BG0JJI:Y@V=YHO
MP"^%VBVE_=165AID5II<3GI)(Q2)`!W+,1^I]:ZW-?$O_!4OQ)XMF\0Z/9#3
M;^T\):8%N8K]1N@N;P]"Q'W2@X`;&26(SQ7TK8_%F;7OV6CXTT^1#>/X>;48
MV9=RB98"Q!'<!P0?I7/A<V@\36PG+94DK>:Z_):)=S2KA)*E"M>[FW_P#T6@
MUY7^RO\`M3:1^TQX,6XAV6.OV**-2TXMEHF/_+1,\M&QZ'MT//7R3X__`+8O
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MCJTDN77I?177KZ&U6=.E3=%T[3ZO?_AF:XZ"BBBOHCS0HHHH`*^9/^"JOP0'
MQ._9RDUZVBWZKX*E^WH0,LULV%G7Z;=K_P#;.OINJNNZ+;>)-$O-.O8Q-:7\
M#VT\9Z.CJ58?B":\_-<!#&X.IA9[337H^C^3LQ25U8_"T,>"K,K#D,IP5/8C
MWK]@?V'_`([']H7]G'0=;N)?,U:U0Z?J?K]IBPK,?]]=K_\``Z_)OXG>`[CX
M6_$C7_#5T#Y^A7\UD2?X@CD*WXK@_C7U7_P1S^+;:#\4O$/@NXEQ;Z_:#4+5
M2>D\/#@>[1MD_P#7.OQ/@3,9X'-OJU315+Q:_O+;YWT^9A3=G8_12O&OVZ/V
MED_9E^!=[J5M(G_"0:L38:/&>3YS`YEQ_=C7+'W"CO7LI.`23TK\E/\`@H%^
MT>W[17[0-]+9SF3P]X<+:;I8!^20*W[V;WWN.#_=5:_3^,L]_LW+VZ;_`'D_
M=CY=W\E^-C6I*R/$+FYDGEEGGE>:65FDED<[F=B<LQ/<DDFOU6_X)M?LZ_\`
M"B/V?+2\OH#'X@\6[=3OMRX>%"O[F$_[J')']YVKX(_84^`W_#0?[2&BZ7<1
M&71]*;^U=4R,J88F!$9_WW*+]":_7M5V@`#`'``KXWPUR?FE/,ZJV]V/K]I_
MI\V1274****_7S8****`"O)?VO/V9;?]I/P/9VR&*#6-+NDFM;AN/W991-&3
MZ,F3_O*M>M45ABL-3Q%*5&LKQEN:4JLJ<U.#LT>)^,/VH=/\#_M->#?AGIY@
M-O<1M#J##!^SLT1^S0CT)*@GV9?6O5I/'6E0^-D\./>Q)K4MI]NCM6.'EAWE
M"R^N".0.1D5Q/Q=_93\+?%CQ%9:^T#:1XGTVXBN;?5;,!)2\;!E$@Z2+QCGG
M'0BN&_:N_95\8?&7XM^'/%7A3Q!INA77A^T\F.69I5E63S2^Y=JD;<'!!Z\C
MI7DSJX_#JI+D]I[RY4OY=$UKLU:_9M_=UJ.'J<JORZ.[??\`X)ZCXV_:%\(?
M#7Q=!H?B'6H-%OKN$3VYO%:.&X7)!VR$;,@C!!((R/6O%OVD_P!FGQ=\>;I=
M2\&?$RZO](O)E\[37OP+6!&(#/$\.`P`R=K@GCAJ[[XK?LR/^TI\+]#TSQU<
M6MKK^E3K+)?:0"ROVD""0#:)%QD$':0",XKL_A#\$/#/P+\.?V7X:TR*P@<A
MII/O37+`?>D<\L?T'8"C$86OC92HXB*]D[---QEZ-*Z=NM]/)A3K4Z"4Z;]_
MJK)K[S0^&GP^T_X5>!=,\/:5'Y=EI<"PI_>D/\3MZLS98GU)K<HHKVX0C"*A
M!62T1Q2DY-M[L****HD****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"B@G%>-^+?"6O?M%Z_JNB:_HOB#P
MOX9TZYWZ7JMAK(M[B[=,8:2`9RN\%EW=@,BN?$UW32Y8\TGLM?Q=G9>;T-:<
M%)ZNR7]?,]9L]?LM0O9K:"]M)[BWR)8HYE9X^<<@'(YXYJW7FGB7]F71M5N?
M$6JVIDMO$?B/0FTB[O8R(?M+\&.X8(!B174'<N/T%-^"/CR[@\5:AX`O6U36
M+OP?IUF+G79E9X[ZX=,RHSX`#C*D#K@\]*QCBIQJ*G7C;F=DT[W>K2\G97[=
M+[7ITHN+E!WMO_7J>FT445W&`4444`%%%%`$&IZ7;:U836EY;PW=K<*4EAF0
M21R*>Q4\$?6N9'P;TC2_A/J7@[2$;2M*O[:YMXTCS(MH)PV[8&/`!<D+G`Z<
M"NMHK.=&$W>2ULUYV>ZN6IR6B?F?+?PZ_P"":TGPH\6V.NZ%\1-7LM2L&S'(
MNG1E77NCKOPR,."#UKWGXC?!3PW\8(M)7Q1I5MK!T>?[3`)`0@<KM.0#RIX)
M4Y!P,YQ75T5Q8;*<)AZ<J5*'NRW3NU]S;1M5QE:I)3E+5==G^!%96$.FVD5O
M;Q1V\$"A(XHD"(BCH`!P!["I:**]';8YFPHHHH`****`"BBB@#\N?^"KWP^'
M@W]J^?4HT"P^)].@ON!@&1,PO^/R*?QKR?\`98^(;?"O]H[P5KOF&.*TU6&.
M<@XS#*?*D'_?+G\J^M_^"U'A-6TGP#KRK^\CN+K3Y&]F1)%'_CCU\$N[Q+O0
MGS$^92."".E?SIQ3!X'/JLZ?22FO5VE^9S3TD?JY_P`%(OVAF^`_[.]Y!8S^
M5KWBHMI=@5.'B5E_?3#_`'4R`>S.M?E&B[%"CH.!7LG[;7[23_M)?$_3[N&=
MI=*T/2[>SMAR`TIC5[A\>IE)7/I&*\Q\">#+OXC>-]'\/6`+7NN7L5C#CL9'
M"Y^@!)_"GQ?G#S3,G['6$?=BN_=_-_A8)RNS]%O^"1_P2'@;X$W?BVZAVZCX
MRN-\18<K:1$I&![,WF-[@K7UC69X)\)6G@+P?I6AV"".RTBTBLX%`QA(T"C\
M<"M.OW?)LNC@<%2PD?LK7S>[?S=SHBK*P4445Z8PHHHH`****`"BBB@`HHHH
M`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@`HKCOB)\>/#?PM\3:+I&LWDMM>:].L%M^X<Q*6.`S
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M@[Q5#\4_VBIKS1?'%AJ6C>&K62.?1=/MG,:32X7S9IP=C2`JP"]0,\9R3&?A
M5\3/$&AZOIE]XQBTB2+56O=$U;3V:6YBMFE8FVN(G4)(`AP#DX('ID^G>%/"
M-OX6M'*B.>_NMK7U[]GCAFOY`N/,D\M5!;'M6;=7$3C>#C%.[OUMTT?1ZZII
MHOW::>MV]-/^"O\`@FK1FBO)OVP/CS>?!'X;`:'#+>>*]:?[+I5O%`;APW5Y
M2@!RJ+VZ$E1WKKQ6)AAZ4JU3:*O_`%YOH8TJ<JDU".[(OVD_VS/"W[-\36EX
M9]3U^2/?#IUN-I.>ADD/RHI_$^@-4_%WQ@\8?$OX!:7XX^%C:7=SR0&>YTN\
MMS-))CB2-"KKB5&!&T_>[8.,O_9_\:^)OCKX4:S^)/PX_LYHX\BYNX(VMKSM
M_J9"9$8CGH1[CI7H_P`/OA7X?^%5I=VWAW38=)M;Z;[1+;P%A#YF,%E0G"D@
M#.T`'`KRJ7UG%MU(U+4I+16<91?1Z[_@O+OUS]E1M%QO-/NFG_7WGD7[,7[3
M7B;XG?L\>)_%NLV%G>ZIH%S<*MG:HUMYJ11(Y3YBQ#\L.>^!BN]^`W[3'A3]
MHK1VN/#]\QN[=%>ZL)U\NYM<\`LO<9Z,I(/K76:3X+TK0FU,V=C!;?VS.US>
MB-<+<2LH1G(Z9*J,GOC/6O`O#WPRA_8*_9I\;Z]`UM/X@G>6:*9EW*,R&.TA
M]U4,I(]6:I3QF$]G[6?-",9.;>^FJ:\WVU6@W[&MS<BM)M<J]>A](T5Q_P`!
M?C!8_'7X6:5XDL2JF\CVW,(.3;3KQ)&?HW3U!![UV%>U2K0JPC4INZ:NO1G#
M.+C)QDM4%%%%:$A17!:I^T3H5OX_U#PE8B[U'Q/8V;WBV*Q&'[5LZQ1R281I
M,'.`<8[CFJ_A#]IKP_XBL/"LE]'?Z#=>,'G@T^VOX2CF>&38\#$9"R9Y"GJ,
M]^*Y/K^'YN7G7Z7NE:^U[M*V^J-OJ]2U^7^M_P!#T6BBBNLQ"BBB@`HHHH`^
M4O\`@L+I*WG[+VGW9&7L=?MB#Z!HY5/\Q7YH5^HW_!650?V0+TD9*ZK9D>W[
MPU^7-?@GB/%+-[KK"/ZK]#GJ_$%?3O\`P2<^%H\=?M/'6IX]]KX1L)+L$C(\
M^7]U'^(!D;_@-?,5?I%_P1W^'0\/_`36O$<B8G\2:HR(2.3#`NQ>?3>9*\W@
MK`_6LXI)K2'O/_MW;\;"@KR/KJBBBOZ-.D****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
MBBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`*H>*M?@\*^&-1U2Z=H[?3K:2YE<(7*JBEB=HZX`Z=ZOU!J
MFGQZMIMQ:SI%+%<QM&Z2H'1@1@AE/4>H[U,[\KY=QIJ^IY?^R[X>M-4^'\^L
MIKGB[Q%9>))FNP/$,0C0EF+%XH2N8XV)X&<8`P.Y]$\5^#M-\<:%<Z9JUI%>
MV-V$$T,@^60*P=0<=@P!Q7FGP<^(E_X'UJQ\%^-]5CO?&>JQWVK;8$5+:VM(
MI1'$J*O"J8QN"C)X;/-=?XG^.'AGPWIVGS2Z]HT#ZW`TNE/=70@MKX@`@"8@
MJ.J^I`.<&O,P=6@L*HS:5E9I]]+IIM]]KO>QU5HU'5O'KM;]-NVYA?!6_P!3
MTOX@>,='US7['4-0N;TZM:Z7;YD?1K-SY<2._3+!`P4`8Y/(.:],KS3]GKPQ
MJ$=QKWB#6_"/A[PMJ^L79'_$OE%S->1+R)99AP^XDE<`8&/7`]+KHR^_L%?S
MWO>UW:]];_=Y*QGB&N=V\NWZ!1117:8!7SY^T3^V1JWP>^.%AX.T?P<OB34=
M1M8I+<I<F.:1I&8;``AX^7.<X[GI7T'7B_[1'Q(\#?LQ>)SX\UJPNK_Q1JUK
M_9U@L<>YC''EF1&(VQ@E\LQ.2,=<8KR\XG4C0YX5532:O)V=EUM=/5Z)'7@U
M%U+2CS76B\SUCPK<ZE>>';.76+:VL]3EC#7%O;RF:*%S_"'(&['3.!S6A7+_
M``6\9:C\1/A9HFO:K91:=>:Q;"[-K&Q98$<EHUR>2=A7)XR<\`5U%>A1FITX
MRB[II/7?YG/434FF%<5\<O@GIWQZ\,6NBZS=74.D0WB7EU%;L(VNP@.V,OU5
M=Q!..?EZCK7:DUR'QO\`!-O\0_A[>:5?>(;[PWI]T-MW=6LT<#O'CF,NX(53
MWQ@D<9P36>,A&=&491YDUMM?R?EW*HR<9IIV\SG/V=/B-X+US4_$/A3P)8VM
MMHWA!XH7FM5"P7$TF_=L/5]NS!<D[CZ@9/J5>._LB?`;P=\'-(UJY\&Z]<Z_
M9:M.D<T[S1S1*\.X;49%`.-Q!Z\BO8JPRQU?JT?;)*6ND=DKNR5NEK%XKD]J
M_9WMY[[:_B%>?_M->,['P7\(]0;4-3U;2(M5>/3$NM,M3<W:/,=H$:#^,C(!
MYP2#7H%<K\:=#UK7/AMJ:^&C8+XEMXC/I4EY`LT<5PH.T@-P&QD!CT)S6V-4
MG0FH;V?G^J_->I%%KVD>;O\`UW'_``M\%1>%?`^DVDEWK.K-:1AX9]:99;V+
M*_=9L`@@''J.F34GC_P7%KMC'?6]C:W.N:0D\^DO*=JP7+Q-'OSVSNY//YUS
MWPT^,VC/9ZOHM[K'FWW@@V>G:Q?74BJKW,J*,ENG,AVD\#=D4[XJ?&&SL8M4
M\.Z*VB:UXO2(!=!O=1%C+=HZ]$+#YL@\8X/(R*YO;8=8=:JVUMW==%O=IIVM
M?5:;&CA4]IMK^C_37\23]FO5Y+WX66NGW?B.V\5ZIX>D;2M0U*W5A%-<1@%E
M!/WRH95+=R#WS7?5Q_P*\%_\(-\-=/M9-#T;PY>7*_:KRPTN/9;03.!E1_>8
M``%NY&>E=A73@E)4(*>]EW_77[]3.NTZDFN_];:!111729!1110!\N_\%>-1
M^Q_LF)#N(:\URTCQZ@"1_P#V6OS%K]"O^"T7B46OPT\$Z.'^:_U6:Z*]RL4.
MW^<HK\]:_G_Q#K*><RC_`"QBOPO^ISU7[PDC[(V;D[1FOV5_8^\!_P#"M/V8
M/`^CE0LL&DPRR@#'[R4>:_\`X\YK\@/`WAM_&7CG1-'0%GU;4+>S`]?,E5?Y
M&OW#M+5+&UB@C7;'"@1!Z`#`'Y5[_A?A;U:^)?1**^=V_P`D52W;)****_83
M8****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBL7Q]K>K:!X5N[K0]'_M_5(A^YLO
MM*6PD/N[<`#\ZF<U&+D^G97_``6HTKNR-H&BOF'X'_'_`.(]_P#&N^\/?%+P
MY>Z1I7B9#!IVRT9+6SE`/[H3+G<)%)&XMG<!C&:S;?X`^,O@G^UYX1N[;7_$
MFM>!=3O9543W\TPLF,$I$,P+$%<CY6/7`!YZ^*L[YX1J4:3:<N5WT<;M)-KM
MK?\`,[G@N5N,Y).UUU3]'W/K#/..]%?./Q;_`&J/$_P'_:EM?"]SI3>(_#_B
MA+>33H80$O+=W/E.J'[KKO7=AL$`_>`KZ.!R.]>AA<=2KSG3A>\'9IK^M]SF
MJT)TU&4MI*Z,_5/"VG:UJ%K>75E;3WECN^SSL@\V#<I5MK=0"I((Z&N7\+?L
MY>#?!_AVTTBUT2WFTVPO#?VMO=LUU':3D$%XQ(6V]3P.,G/6NXHK:>'I2ES2
MBF_1>7^2^Y$*K-*R;!5V@#THHHK8@****`"N"_:0^`]A^T3\,+KP]>N()BZS
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MT_QH_:>\/_L_ZYIEMXGAU2ULM75OL^H0VYFMPZGYHWVG<K`$'[I!!/H:\>^+
MG[/'@C]M^:?6_!7CMFU2,J;F'[5)=6H!.,F!CNA;&<8`!QT[UZYK'[.</Q)^
M#5KX0\>:I-XI-I+'(NHI$+2Y<H?E8D%OGVY5F'W@3T)S78^`OASH?PO\/Q:7
MH&EVFE6,72.",+N/]YCU9O<DFE7P5;&3=/%QBZ+2=G?G3[73MIW^00KPHI2H
MM\ZZ]&OGJ+\//`FG_#'P1IGA_2H1!8:3`MO"HZD`<L?]ICDD]R36S117MPA&
M$5&*LEHCAE)MMOJ%%1W=W%86LL\\L<,,*EY))&"I&H&2Q)X``YR:R_"?C:S\
M;Q/<Z;YUQIXXCO=FV"YYZQD\NO\`M@;3V)IN:3M?45RCXV^#GAKXAZ;JUIJV
MD6MQ%KD*6]^R@Q274:/O169<$[6&1SQS4FA_"CP_H%]I]Y%ID$NH:5:"PM;V
MX'GW44`)(02OE\#/KFNBHK+ZO2YN?E5^]EWO^>I?M9VY;NP449HK8@****`"
MBBB@#\V/^"PWCI=>_:$T30HW++X>T@/*N>%EG<M_Z`B?G7R57HG[6OQ"_P"%
MI_M+^-M;60R07&J2P6[$Y_=0_NDQ[;4!_&O.Z_F#B'&_6\RKUULY.WHM%^"1
MRR=W<]8_87\/?\)/^U[X`MRN]8=4%VP(SQ$C29_-17["5^5W_!*S2O[2_;*T
M>4C/V#3KVX^F8Q'G_P`B5^J-?K/AG2Y<MJ5/YIO\%'_@FU+8****_1C0****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H
MHHH`****`"BBB@`HHHH`****`(-4NY+'3IYXH)+J6&-G2&,@-,P&0H)X!)XY
MXKY=^&G[.OQOE^+FH^--1\7:=X7EUBY\ZYTY6;48VC'"1&/(CPJ`*"&SWS7L
M/[7GC+5_`'[.?B;5]"NIK/5[2*'[+-%&LCJS3QI@*0020Q&,'K6/^R7X3^(U
MKX8_MKXC>([Z^U#44!@TIXH8TL$/(,A1`3*?3.%'')SCPL?&GB,;3P\E/W5S
M7B[15[K5IIWT:27=^9WT'*G0E43CKIKJ^^G0]=@5A`BR,'<`;B!@$^H'84\C
M(Q117NG`<UKWPGT;Q)\2=#\5WD'FZKX>@G@LV.-J>;MW,1W("D#TWM7@/[/7
M[0>N^-/VT?'VFV]I?ZIX4N[@VZW$2%H--DME$:N6Z`2;6!'4G:<=:^HG&Y2#
MGGBOFCXV?M7:%\$O&&A?#?P%!IT.H7.IV\&HR6Z+Y.G))*H=,#AIV!Y)SMSD
MY;IX.;<F'=/$.?)%2N[+6;MRI?-;]E]Z]#"<U12IJ/,VK+LE>]SZ8HH%%>\>
M>%%&:P-6^*GAWP_J8L]2UBRTRX9MJ+>O]F$A_P!EGP&_X"34RG&/Q.P-F_12
M1R++&KJP97`((.01ZTM4`5R_Q&^)UIX'$%C'/I<OB+4T<Z7IMW?+:&_=<956
M8'&-P[<UU%>4OH4_BC]I2\GUCPKX7&D:=;Q6^G:M?)YFH7LNSS3';JW"JA))
M8#M[$CDQE6<8J-/>32OV\_NVOI>WH]J,4VW+9*Y'I>M_%77T\*:C-IFF:(5O
MQ:>)=(<),1#N/^D6TP;E<%<@\]<=.=SX3_&&\\87VK:?KNF)HE]I^L7&DVC&
M;,>K>4"YDA!^;`3!(.>0<$X-=\!BO'OVFETW2?%?@K6[C3-?U[5]*OR-)L-/
M20012RLB/=3N@X1$SP3@Y(P<G'+7C/#1]LJC:5KJ779=M'ULEJ^FIK"4:KY.
M5+M;[_\`@:]#V&BBBO5.0*\W_:%_:D\,_LY:?9)JKW>I^(-:?R=&T#38_M&I
MZQ*>`D40[9ZNV%49R:\T_;&_;S/PC\3VGPX^'>FKXT^+FO$16FF1?-!I889\
MZY(Z`#YMN1P-S%5Z[?[)'[&?_"F-1N_&WC757\:?%CQ`G_$SUVY&Y;13_P`N
MMJIXBA7I\H&['0#`'EU,=*K5>'PFK7Q2Z1\O.7ETZ]GDZC;Y8?-]O^":'@?X
M0^*OC+=P>(/BRUO!"&$UAX+LI?,T[3L'*M=O_P`ODXXX(\I#]U2?FKV=$$:!
M0,!1@`<`4M%=U&A&DM-6]V]WZ_Y;+HD:*-@KS;XE?&C5+>[N=-\!V&B^+M=T
MF=%U6P;5$@N+*/Y6.(SRS%3QR`#USTKT>=S%"[`%BJD@>O%>6_LS>'IUTF]U
M;6O"WA?PSXCU"9KB:WT]-]ZD<A+!KEVRV]\;MN>/J#C#%RJ2E&C3?+S7NUND
MNVC5_7SLNJZ*2BDYR5[=/ZU(M?\`%'Q&\$W?C#5Y(-.UCP_::/\`VIH\#0^1
M<I*I+26LVTG+!!A6`P3[@BNZ^'GCR/QWH%K</`VG:B]K!<W>G2R*\]AYJ;U2
M3'0D9_*MYAE2",@]J\@\(_V=H/[6FOQV6F^(+W4]>LA-JFKW"2)86JPA%AM8
MN`C-@EBW)'(SR0,I<^'J0?.W&3M9]+W>G7>RMLEZ%IJI%Z6:5]/EO^?J>P44
M45Z1RA7(_'WQ^OPM^"7BOQ$S[&TC2Y[B,]/W@0[!^+%1^-==7S#_`,%:?'O_
M``BG[*LFEI)MG\3:E!9;>A:-29G_`/18'XUYF=XSZI@*V(ZQBVO6VGXV%)V5
MS\P%9W&Z1BTC<L?4GJ?SI:**_EHY#ZJ_X(_6(N/VH]3F.,VV@3XXR?FFA'X5
M^F5?F[_P1K_Y.&\3?]B^?_2B*OTBK]_\.U;)XOO*7YG13V"BBBON30****`"
MBBB@`HHHH`****`"BBB@`HHHH`***POB/\0+3X9>%9M6O+;4KU(W2)+>PMFN
M;F=V8*%2->6/.?H#4U*D81<Y.R144Y-)&[17F6F:%\0_%,$5[/XCL-/2/5(;
MZU2UL'A^U6!*^9:7$4P+I(`#AU.<M@C%7?`7Q-O[3Q@WA?Q;)8P^(+Z>^N-)
M2W4@W>GP2JJ2N,D*Y#YP.H4GCI7+'&IM*47%/9NUOSZ].YHZ+L[-.QZ!1117
M88A1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444
M`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110!4UU7.D7#16D5]/$A
MEAMY&"K+(OS(-Q!"_,!\V..O:OG;]C;XU>-OVB/BYXLU7Q&3I>E^'(QI\.CP
M`I%;W#N=V_/S2.JQXR>!N.`,U]*=:\M^.7A35O`7PH\:7OP[T7S_`!1XDD\^
M80N%<R,BQO.H/5PBY`');FO+S"E4YX8A2?+"[<5]K33;5V?38Z\/./+*FTKR
MLDWTUU/3[:ZCO($EAD2:.095T8,K#U!'6GU\Y?LE?%34-*_8IU&62)DUSP'!
M>6LEO>(RNK0J98UD4X895E'KQ7:_![]HZ+]I?X.7FI>$I[6Q\4VUOB2QO!YB
MVESC*JX!!:)B,!QC@GH013PV;4:L*?24X\R77S2\TPJX2<'+LG:_Y'<?$?XI
M^'_A)H/]I^)-5M])L2_EB6;.&;'W0`"2:\:^$'Q2^%'QM^*ATOPEX(M=0GLP
M;ZZU9](B@AMB&RK[F&]G9^G`/4YXK"^#/[:6N?'+Q!=^#M?^%USJ-Q'(UIJ?
MV1EDM;7!VL)EF`50#G@L2>P->Y?"7X#^%_@='JB>&=-73DU>Y^TW"AV<9"X"
MKDDA!SA>@W'UKBI8F685(5<.XNDGK>+YK]E?3U[&TZ:P\91JI\[VLU;YVU.P
MHI'<1(S,P55&22<`#UKYVU_XI:7^VO!J/ACP5\0-:\*7FG2RQRB"R&W444D!
MUE!!\L]<*ZD@\C%>IB\;&@E'><OAC=)R:Z*[2.2E1<]=DMWKI]Q]!2:M:Q7/
MD/<VZS$@>69`&R>G'6FZSHEEXCTV6RU"TM;^SG&V2"XB66*0>A5@01]:\@\5
M_LGM\1H/!FM:Y>6@\<^$[BVDEU2T1EBU..*0$K(IYRRC(Z[6)QD4EQ_PEGPS
M_:'\8Z_=:I<+\,[;11J]Q;S#S1]I",K)"3RAQ&78`X.Y>,G-82QM6+_?4O=;
M2O>^C3;<ETM:SW\KFGL(27NRUM^NR[WZ&3X]_8VU?P9YVK_!7Q?>_#[5T)D_
ML:<M>^'+\_W7M7SY&?[T&W']TUROPB_X*3KHGQ)7X=_&_0!\,O'(8)!<O+OT
M7503A9(9S]Q6/3<2O;<#Q7TUX2\467C;PQ8:QITZW-AJ<"7-O(O1D8`C\>>G
MK7GW[6?[)'A3]L'X8S^'?$EL$GC#/IVI1(#<Z9,1PZ$]5/`9#PPX/8C*OA*D
M(^VR^5GOROX)?_(M]U\TS@J4Y1^#1KIT_P"`>H1R+*BNK!E89!!R"/6O+/CA
M\.KS2/$-S\2/#MA<ZWXNT70[C3].TWS!Y4DDCJ1(`Q`#*-X('+`X]*^(OV7_
M`-LKQE_P3L^-4GP8^,TTUWX5MY%CT[5W+2?V="Q(CG1CS):-W4_-$01T4K7Z
M6V=Y%J%G%<02QSP3H)(Y(V#)(I&0P(X((Y!%3A<91S*BXV<9Q>J>\9+9_)[/
M;\4:8;$Z\RWZK]/F>:K^TI9Q^(;/P])87*>)=2T*+6;&TN"8%O78-NMMQ'R2
M@J1M8<Y]C5#X?1:[\;O%&C^,Y+[QMX3T:T#>9X9U"&*W2ZD"X63<AWE`>2K\
M$@8P.OK;0([AF169>A(R13NG-=GU2I*2]M.Z3O9*W:U[/6WW/JN_3[:*7N1L
MW\_Z_,,^M?(__!1'_@H+=_!B_M_AG\-H6USXJ>(REM$D"B;^R?-X0E>AF;.5
M0\`?.W&`>H_X*0_MW6G[&GPL$.G/;W7CCQ!&Z:1;/AEME'#7<H_N)V!^\V!T
M#8\R_P""3W[%%YX5T^;XR_$`7-_XZ\7A[JQ^W9>>RMY>6G?//G3`Y_V4('&2
M*\S,<;5K5UEV#=I/6<OY(_\`R3Z=OR\^K4<I>SAOU?8]2_8`_84M?V4O"=QK
M6O3#7?B5XF'GZWJTK&9T9CN,$;GDJ&Y9NKMR>`H'T7117LX3"TL-25&BK)?U
M?U?4VA%17*@HK"\=>-3X1TJ=K2REUO5Q"TUOI5M/%'=784@$J)&7@$C)YQFN
M)T3XI>._$>I^#[Z+PI'8Z)K#M;:Y;7BR+J.B3*K\]0LD18*`X'<'OPJN,IPG
MR.[?DF^J7IUU[+78WC2E)<W3U/4Z\;M/">H?L]?$&TCT#2;[5])\=>))KS7+
M]B97TQ9(0D2=2Q02X^8C"KP:Z_X,_&:+XMZ3>RR:;>:+>Z?J%QILMO=%3YLD
M#;9&B(^^@..<#!.#7:UG*%/%0C5IO5:I]5WW[K1^12E*DW"2]5_7;<\@F_:W
MM-0\.W]YHOA[6M?N]&U5M)U73;(`WUF?,:-)D0\21LP'((QGGH0.C^#OP_UG
MPY?ZKJ^L^)O$.MMK)1[6SU-8XCI46,^5LB/EE\GE@.@`]2>Y2W2-RRHJLW4@
M`$T^BGA9\ZG6GS-;:67K:^NG>]GJK="=6-G&$;7^84445VF`5^??_!:#QR;O
MQQX)\-(_RV-G/J<J@_Q2.(TS^$;_`)FOT$K\G/\`@I;XS_X3+]L?Q.%<M%HZ
M6^FISD#9$&;'_`W:OA/$7%^RRATU]N45]WO?H9U7[IX-1117X$<Y]:?\$<KK
MR?VD=?BX/G^'W[\C$\1K]**_+W_@DGJ/V+]KE82?^/S1+N/ZD-$_\E-?J%7[
M[X=3ODZ7:4OT?ZG12?NA1117W9H%%%%`!115?5[B:TTJYE@B,]Q%$[QQ@X,C
M!20OXGBANRN,Y?Q;\78O#GB>ST>WTK5M2N]02007$4#?8%F0'$$MP`5C=BI4
M`C@]<<50\$?'NW\1ZEH>F:KH^K^'=:URSN+Q+2ZCW+`()3%*CR+PK`[2,X!#
MK@G-5?V8/#EEHO@&:YBTW1-+U34+IY=6ATR^DOHX[G.65YG)+RJ6PQ'&<CM6
ME^T-X8M_$_PHUB":#69]\(#)H\8;4)T$B.88F_A+E%!/0#GMFO+53$.E]84E
MM?EMI;32]D[[]-+[.QU.--3]G;RO_6G];G;YHK.\'W]QJGA/2[F[M9K*ZN+2
M*2:VE??);NR`E&/=@>">Y%:->G&7,DUU.5Z.P4444Q!1110`5YW^TE--I?A?
M2M32;Q,T6G:I`9+/193#+J!D;RDBE<$%8=[J7(R<"O1*1E##!YK'$4O:TW"]
MKETY\LE(AT_48=3MA-!-%/'N9-\;!EW*Q5AD=PP(/N*\X\1ZW%XB_:*T;2=,
MUI;'4-*@:[U6T31Y&FO+?!"(UT<*D6]P=JYW,/8U+:?LT:;H-QI$>CZIJVF:
M5IAO%ETP2^=;7L-TX>6&3?EMNX$K@Y4DX-=5\./AU8_##PM;Z183:E<P6V=L
MM_=R7<YR<X+N2<>@&`/2N5QKU>6-2*BDTV[MWM9Z6L][J[Z+9W-;TX7<7>_E
M^>_X??H;XZ"BBBO0.<****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
MBBB@#/UCPKI^O:;J-G=VD,L&KQ&"\4+L-RA780S#!/RG'7(%<9\.OV4_`/PD
M\21ZOX<T!=)U&-#%YL-Y<'<AZJRLY5A[$'D9ZUZ'16%3#49S52<$VMFTKKT?
M0T56:3BFTGYD%EIEMIS3&WMX(#<R&:4QQA#*YZLV.K''4\U/116Z5M$0V<=^
MT%XTF^'?P8\1:U!I\.K36-H66SE#%+K<0NP@<G.<8'6H/V?3KT_PXM+CQ#X>
MT7PK=W`$D>EZ:I"VL>/E63@`/W(`P.G7-=AJUK+>:;<102)%</&PBD>/S%C?
M'RL5[X.#CVKQ/X!>+-7^$WA^SB^)FJ75SXQ\<>(Y[&W20C:0F53RU&%2+$>X
M;1_RU7N:\RO-T\7&<F^5IKIRIWZO>[NDEMN=,%S47%+6_P`W_P`!6;;/=*Y/
MXY>%]*\9_"G6M-U_4WTC0[B$'4+E)%B*0*P9QO/"A@,9ZX/'-=+)JEM#!<2O
M<0K':9\]BX"PX&X[C_#@$'GL:\X_:%^)>N^&_`(OO"W@R#XA6MPN94BND=$&
M05;RPK&4=_EY%=&-JTXT)\^JL[JS?ELM;=[&=",G4CR[W]/Q>A#^R#X]\->.
MOA9.G@[36TSPSHFH2Z;IZ,Q9ID0*QE.>1N9V."<^O)Q7JE<]\*]/O[#P'IQU
M6QTO3=5N(Q->6VG1>5;P2,,E`.Y484D]2,^U=#3P4)0H0C/>RZ6_#I;:P5Y)
MU)./YW_'J?,?_!4G]C.+]J?X#SZCI=JK^-/",4EYI;HOSWD8&9;0]R'`RH[.
MJ^IKP?\`X(L_MN3:O'_PI[Q/=O)-:1//X:GF8[S$O,EF<]T&63_9##^$"OT4
MK\8O^"AOPPO_`-B_]O*?6O#.[3XKNYB\5Z(R#:L3M(3+&,?PB57&/[K@5\MQ
M!&6`Q-/-:*Z\LUW73_+UL>9B;TYJM'YG[.UR7QU^-&B?L]_"C6O&'B&?R=,T
M6`S,H(WSOT2)!W=V(4#U/I3O@9\5['XY_!_PWXPTT_Z)XAL(KQ5SGRF9?G0^
MZMN4^ZU^97_!9#]K.X^-OQIM?ACX=E>ZT;PE<K'=1P$M_:.J-\NS`Z^4&V`?
MWV?T%>SG.<0P>#^L0=W+X?-O;Y6U-J]=0AS+KL5_V,_AAKG_``4]_;8U7XA^
M.HS/X<T&:.]O;<Y:WX)-KIR9_@`&YAW"G/+U^LZ*$0*``%&``,`5Y!^PM^S-
M!^RC^S=H/A@I'_:[Q_;M8F4<SWD@!DY[A>$'^R@KV"ED.72PN'YJNM2?O2?6
M[Z?+\[AAZ?)'7=[A1117MFYY#IGA73OB;^TAJ^J:IX(?S/"OEVEAK]Y?LRR.
M%$FRV@P`H!8EFSU'?H/7ATQFO'_CGI6I?"_Q5J?Q/M$U?Q(VEZ+]BM="BWRQ
MPS-*N^X5%Z#RQ\Q`)PM=#>_M'^';?5=4TR!KJ]UC3-*BUH:?$J_:+RU=2V^$
M,1O(`.5R#T]17E8>O3H2G"JU&3;?173O;9*[LFNKLM=SKJPE4490U5K>FU]_
M7T.7_:`N]$\#?%KP%KE]J6I1WEM=/9Z7HVG($^USW4BI+-.P!_=*IR<@9)ZD
MG%>SUY-\.-=U_P"-/B_3?%VE^(;BV\!21,RZ5<Z(;.\EEP`N9'!+Q<ELKC)`
M'(S7K-:X'WI5*L?ADTUYZ)7NF[IZ6VVVZDXC11@]UO\`?MLOU]0HHHKT#F"B
MBB@`/3GM7XD?&CQ6WCOXQ>+-:9MYU36+JX!ZY5IFV_\`CN*_9?XM>(O^$1^%
MGB752^S^S=+N;D-Z%(F8?J*_$&%F>)6?[[#+?4]:_)/%+$?[O07]Y_DE^IC6
M>R'4445^1&)[G_P3:UX>'_VT/!S,<+>?:;3ZE[>3`_,"OUIK\7/V9/$X\&?M
M&^!-48X2TUVU+GIA6D"-^C&OVCK]M\,:_-@:M+M._P!Z7^1O2>@4445^EFH4
M444`%!&>***`/+)/AQXF^$TFHCP+#I,FAPZ7.VGZ)(3"/[1>X,Q=G)P4<.R]
M1LP.M+KGPW\0_&74EMO%MO:6?A9HX;N*UMKV:'4;>X'^L@D>)O*EAR.I^\&Z
M`C->I45PO+Z=N6[Y?Y?L_=V\MMNQT?6);]>_42*)88U10%5```!@`#M2DGZT
M50\537EOX8U&33XH[C4([65K6*1MJ22A#L4G(P"V!G(^HKMD[)OL8+5G,:U\
M7YE\4PZ5HVB7NM+<13*NJ0NCZ=!<Q@XMY9$+-&Q(()*X4XSUJMX3^-\M]KVD
M:/KV@:AX?U74]+;4I!(RRVUH5F\IX7EX`;<4VG&&WC%1?LPZ9IEE\++::P@\
M*QW%Q(_V]_#T!2RDN%8JX5V+-+M;*ERQW$$U:_:-\,P^*/A/JD$VFZCK`4)+
M]BL;E+66\*.KK$96(\M"ZJ6;((`..:\M3KNA]94NE^7==':Z5_GKOL]#JM3Y
M_9->5^OYV_KH=U15+PU<75WX=T^6^A%M>RVT;W$*MN$4A4%E!YS@Y&>^*NUZ
MBE=)G*]'8**BO;Z'3;2:XN)HX(+=#)++(P1(U`R68G@`#DD]*^8X?VE/%/[;
MWBJ]T#X,W4FA?#_3)VM=:^(LD`?[6ZG#VVD1N"LL@Z-<N#&G\(<XK*M7C3LG
MJWLEN_Z[[(SG44;+J^A[KXF^,.F:+XJ7P[9"76_$SQB4Z998>2VC/26=ONP1
MGLSD%OX0QXKJ;5I6MXS,J+,5&]48LJGN`2!D>^!7-?"3X-Z!\$?"PTG0+-H8
MY',]U<S2M/>:C.?O3W$SDO+*QZLQ)[<``#+\;?&<Z7XD.B^';"W\4ZQ8S1-J
MUA;ZA##=:=;O@^=Y;G+G:<A1^8R*F=;V4>:L]^BU^[JW\OD:4H3G_6B^9WE%
M>;M\2?&'A&]MXM>\.VU[%?:__9L%QI<I"I:-#YB74BN3M"E75P2,8R,\9]`T
MG5K;7=,M[VSGCNK2[C66&:-@R2(PR&!'4$4Z6(A4;2NFNC5F7.FXZLL4445N
M9A1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!7#_%[]
MG[P_\9;[2-0U&.XM]9T"=;C3=0MI"DUJRN'Q_=925&01S[=:[BBLJU&%6#A4
M5T^Y<*DH/FB[,\FM_@-XFT;]HO5_&.G^*+1="\0)#%J.ASV321SJD8CW!MX`
M?CAMO0X.15OX'_LF>%O@)KVIZEHW]HM<:A-(Z)+=.8+2-F)$4<8(4`9QD@MQ
MUKTZBN:&6X>,U4Y;M-M7ULWO:^U^RT-)8FHX\M]+)>J6U^X4445W&`5\#?\`
M!>GX8)JGPC\%^,8XQ]HT35'TV>0#YC%<1[E!/H'B'_?5??-?,_\`P5Y\.KK_
M`.P3XRD9-SZ;)9WB'&=I6ZB!/_?+-7C\0455RZM%_P`K?W:_H8XE7I21\O\`
M[#/[</\`PH'_`()E>/)))P^M>$=4:PT.-SG=+>KOA&/1)/.<CT0UY3_P2,^!
M$GQ]_;#@U[5Q)?6/@U&UV\EE^;[1>,Y$&XGJQD+2?]LZ^7%U.Y72WL1/*+.6
M9;AX`Q$;2*I57([L%9@#Z$^M?K7_`,$2O@T/`'[)LOB6>(I?>.-1DNPQZFVA
M)AB'TRLC?\#K\_R2=3,L7AZ%3X:*O]ST_P#;5Z(\Z@W5G&+VB?8U%%%?K!ZX
M4444`%4)/"VF2ZU'J3Z=8/J,2[4NC;H9T&",!\;@,$CKWJ_12DD]T.[6P`8`
M'I1113$%%%%`!1110!Y)^WEKK>'?V/?B#<J3N;2GMQ[^:RQ_^SU^/PZ`>E?J
MM_P5(U1M-_8R\1H"0;NYL[?Z@W$9/Z`U^5-?AWB;5OF5.':"_&4CGJOW@HHH
MK\X,QT%X^G7$5S&<2VKK,A]&4A@?S%?N-X'\1IXP\%:/JT1W1ZI90W:GKD21
MAA_.OPW(R"#SFOUN_P""='CD>._V//!TK2&2?3+=],FR<D-`[(!_WP%/XU^H
M>&&*Y<56P[^U%/\`\!=O_;C6D]6>W4445^T&X444&@#EOB9\3E\!:=(+/3;O
MQ'K*QB:/2+"6+[9+%NP9`CL"4!SR,\\8KGM=^..L>#$U:^U?PIJ#:);26/V&
MYLF,L]Y'<R>7DPL`R21L4#)R?FR*K^#+2#4?VD/$TVK6WA(ZQ:01G31!`9=6
MCM``OFS2$D1*S,P5`%+#)YKU"1-ZD'GN.,X/8UYT'6K<TXSY;-I*R>UUK=7\
M[7Z+SOTRY(63C?;]-AEI>Q7\`DAE25"2NY&##()!&1W!!!]"#7%>-]#\?Z6L
MEWX4UK1-1=>1INNVS)'(/[JW,&&C/NT<GTJI^S=HDOAGPUJ^G#1[K2+"TU:?
M[)]KOUN[F\#D/)/(59E1GD9SL&-HQQFO13SQZUTT9.M2C*2LWZ[_`#M^*,*U
M-*3BF>`Z%_P4`T#PU\0+7P;\4](U'X3>*[]MEB-8D272-7.?^76_3]U(?]E_
M+<=UKWQ76:,$$.KC((Y!%<K\;?@;X5_:*^'.H>%/&>BV>O:'J*XDM[A,E&[2
M(W5'7J&4@@]Z^`8OC/\`$#_@BU\8]+\(^-+_`%;QY^SWXAF,6B:M.#-?^'>Y
MA+?Q>6.3'T9`63!#)7-5Q4\,TZVL/YNJ_P`2[>:^:ZG'.M*D[U-8]^WK_F?;
MMY\+O$OP_N=2F\$7FEPZ<-+$&F:'<QM':VMT+@RL^Y<Y60.X/&5PN*-2^#FI
M_%/Q$)/&XT;4/#T!@O;'3!$YN+&Z4`NIF5E62+<.`R'<#@XQSW?@_P`8:7\0
M/"VGZYHFH6NJZ1JL"W-I=VT@DBN(V&592.H(K2J_J-&2MJX]K^[]W;7;;;31
M'HK$RW6_?K]_Z[@!@`>E4?$GB73_``?X?O=5U6]MM.TW3H6N+JZN)!'%;QJ,
ML[,>``!G)JZ[B-&9B%51DDG``]:_,K]HSXRZ]_P5_P#VJQ\#_AWJ-Q8_![PK
M.+GQ=KML<#5!&^"%;H4W@I$O1V!D.5056-Q:H122O*6D5W?^2ZLX<17]FE97
M;V7?^NIVT?C#Q1_P69^(]]I.D3ZIX6_9F\.7GD:E>Q;K>]\>SH03;JW!2W'!
M8#L1GYB`GW;X-\&Z5\//"FGZ%H>GVFE:1I,"VUG9VT8CAMXU&%55'0`5G_#S
MX?\`A_X&?#?2?#?A^Q@TG0=!MDM+.UA&`BC@#U9V/)/)9F)Y)KG-*_:!D\07
M^F+8^%/$C6MWJ;Z7>27=O]EFTQP"4DDB?YC$XQAQQD@'%8TE##^]7E><MWK]
MR71*_P"KZFF'PT[.;U?5_HO+^MST:O-O@?J$=YXO\:6]S>Z/?ZS8ZF1=?V?I
MHMQ9*^6BADEQF:;RPK,>@R!]>I^&7Q,TWXL>%H]7TO[4L#R20M'<PF&6-XW9
M'4J?1E89&0<<$U0\5_"YM8\8Z/K>FZC-I,^G7<EU=P11KY6JEX#!^^[EE3&U
ML\8Z'MK5;J>SKT?>2_%/JM;:;Z]+VUL=4?=YJ<]/\T;GC'[(_A748[V01VL]
MO)%(3.(,AE((#D@*3G&<\5S'[-]K/8_"/38)+#1=+M86D2PM-)NOM=K!:AR(
ME67^,[<%F[L36)IWP=\7^+-,TJV\:>(]-U&UAADM=8TZ&P2>RUV/(,;.LJYB
MD'.XIP>",=O3=(TJVT'2[:QLX([:TLXUA@AC7:D2*,*H'8`#%*ESU*RK2BXI
M*VMKN]GTOMZ[WT>C'.T8<B=]?,L4445W'.%%%%`!1110`4444`%%%%`!1110
M`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!
M1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%?._\`P5=U--,_8$^(
M)<C_`$B"V@7/<O=0@5]$5\7?\%R_'Z>'/V3M,T(28N?$VNP(%'5HH5:5S]-P
MC'XBO+SRJJ>7UI/^5K[U;]3+$2M3D_(_)<QR38CC!:60[$`ZECP!^=?T$_L^
M_#N+X1_`WPCX8A01KH>D6UHP`P-ZQJ'/XMD_C7X6?LT^$!X__:.\`Z(Z[X]3
M\06,+KZIYZ%O_'0:_H#KY#@.@OWU9^2_-O\`0X\OC\4@HHHK]#/1"BBB@`HH
MHH`****`"BBB@`HHHH`^8?\`@KC.T/[([J.1+K5FI]AES_,"OS!K]-?^"OR.
MW[*-L5SA?$%H6YQQLF'\R*_,JOP3Q'?_``K_`/;D?U.>KN%%%%?!&85^@7_!
M&+XA_;/!7C'PI+)\^G7L6IP)WV3)L?'T:(?]]>]?G[7T-_P2^^)?_"O?VMM)
MM993':^*+:;29/0N1YD7_CZ`?\"KZ;@_'?5<WHS;TD^5_P#;VGYV9<'9H_5:
MBC/UHK^DCI"BBB@#C/B%\+KC7-7MM7T&]AT76EN[-[VX\G<=2M;>1G^RN000
MIWMR,GH.1Q6'J'A3XB^+(9;*_O\`PW:6*ZG/',C6S7<>IZ6Y;8C+\ACG4;5R
MK;3DGJ*]/HKDJ8.$FW=J^Z3:3_KK;?KU-HUY)6T=O(QO`7@#2/AEX6M=%T.S
M2PTVTW>7"I+8+,6))8DL223DDFMFBBNF$(PBHQ5DMD92DVVWNPK@?VG/V=/#
M_P"U7\$==\#>)81)8:S"5CF"@RV4XYBN(SV=&P1Z\@\$BN^HHJ0C.+A)73)D
ME)-/9GY1_P#!)#]ISQ#^QO\`M0:W^S1\1[CR[-]3EM='DD8^797^=P2,G_EC
M<H0Z#H'88^^:_5S.17Y-?\'"WP+E\!_%GP)\7-$+V5YJH_LR\N805:.[MB);
M6;/9MFY0?^F2U]Q^`?V[]#G_`.">&G?'+6W5;:+0!>WL*$!I+U/W3VZ>C-<`
MHH_VA7A997^KSJ8.J]*>J;_E_P"`>=A*GLI3H3?PZKT_X!\_?\%NOV[[[X;>
M&+/X+>!)YY?&WCF-(]1:S;,]G9RMY:0+CD2W#?*.X3<?XE-?0G_!-K]BRR_8
M@_9ITSP\T4#^)]4"ZAXANT`/G7;*/W8/>.)<1KV^4GJQKX"_X(\_"?6/VW/V
MXO%GQT\<K_:`\.7)OE+\Q-J<P/DQH#_!;PC*C^$^57Z^5>6<V)J2QU3KI%=E
MW]6/"7JS>)EZ+R7_``3R_P#:1TE/$TWAC2]1TG2-0\/7&H"749]2OY+:&U*;
M1%M5"#-(S-A$/&1GM7IMO;K:P1Q("J1*$49S@#@5B>/OA]8>/[.R%Y!#-<Z1
M=IJ.GR2*6%O<Q@^6Y`QD`GD9Y%<9HA^*.AZ5IVCW,.CZG<_V3(DVM^;\B7Z.
MWEL\1(9HI$VYV\J2>M=C;HUY3<6^:VJ5]K*SLK];J]UOJD>UI.FHIVMW_/\`
MKR)FT4^'OVD[*XM--UZ:'4-(:TEFC01:3IL2,TH!P/GGDD8\]AGUY]+%<+\+
M?A9-H>L7/B?7%C_X2S5[=8KU+:]N+BQM\$DB!)2=@)QG``)4<"NZK7!PE&+D
MU;F;=NR?R7KY;;$5Y)M):V5@HHHKK,0HHHH`****`"BBB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*_*O_@NY\3SX@_:"
M\*>$XI2T/AO2&O)DSPLUS)_\;B7_`+ZK]5.:_"G_`(*"?$8_%7]M'XB:KYOF
MPPZL^G6[=O+ME$`Q[90G\:^/XVQ/L\"J2^W)?<M?SL<6/G:G;N6_^";NEC5_
MV[/AG&V,0ZJ9^?5(9&'ZBOW+K\0/^"8;;?V\_AR3@YO)AS_U[2U^W]8\"K_8
MZC_O?HA8#X'ZA1117VQW!1110`4444`%%%%`!1110`4444`?,?\`P5LM#<?L
MBSO\W^CZS9R'`S_$R_\`LU?E_7ZN_P#!3S2#JW[%_BI@-QLGM;KZ;;F/)_(U
M^45?A'B5!K-8R[P7YR.>K\04445^?&85>\+^)KKP7XGTW6;)BEYI%U%>P$<$
M/&X<?J*HT549.+4HNS0'[C^!/%]K\0/!.D:[9,'M-8LXKR$@Y^61`P'U&<5J
MU\M_\$F/B_\`\)[^S<WAZXEWWW@V[:T`)Y^SR$R0GZ#+K_P"OJ2OZDR?,(XW
M!4L5'[23?KU7R=T=<7=7"BBBO2&%%%%`!1110`4444`?(/\`P7+\`)XU_P""
M>'B:\*@R^&;ZQU:-B,E=LZQ-CZI,P_&OR"UW]J_5[W]BW0_@ZKSQZ1I7B&ZU
M^Z??\MP'5?)AQ_=1S-(?5G4]J_;'_@K3)%%_P3F^*YFR5.D*H^;;\QGB"_\`
MCQ'UK\,?V9?A:?CA^T7X$\($%D\1:[:6<V!G$1E4R'Z!`U?$<1*2QD53WE%+
M\6?/YI=5TH[M6_$_<K_@E#^SN/V;_P!AWP;IL\(BU?7H/[?U,X^8SW(#A3[I
M'Y:?\`KZ.IEM;I:0)#$BQQ1*$15&%4`8``]`*?7V5"C&E3C2CLE8]VG!0@H+
MH%&***U+"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`,WQGXBC\(>#]6U>8@1:59S7CD]-L
M:%SG\!7\[VH:O+X@U*ZU"=F:?4)Y+F0L<DL[%CG\37[I_P#!0'Q4_@O]BKXF
MZ@C%770;B`$=?WJ^5_[/7X2QKL15]!BOS7CRM>M2I=DW][M^AYF82]Z*/7_V
M`]:&@?MM?"^Y9MJG7H86/_70-'_-A7[MU_/%\,?%3>!/B;X:UQ6VMHVK6E]G
M.,>7,CD_D*_H:MKE+NWCEC;?'*H=2.A!&0:[N!*J=&K3[-/[U;]"\OE[LD/H
MHHK[P]`****`"BBB@`HHHH`****`"BBB@#S#]M3PX?%G[)_Q`L@I=FT:>91U
M),:^8/U2OQQ1MR`]<C-?N9XPT)?%/A+5=+?!34K.6U;/3#H5_K7X;SV+Z7<R
MVLH99+5VA8'J"I*D?F*_&O%&A;$4*W>+7W-/]3"MNF,HHHK\L,@HHHH`^B_^
M"7WQF_X55^U!9:;<R[--\8PG2I<_=$^=\#?7>"G_`&TK]4:_"BPU"XTC4+>\
MM)6@N[.59X)5.#'(K!E8?0@&OV@_9Q^,%O\`'GX)>'?%=NR[M5M%:X13_J9U
M^65/;#AOPQ7[+X9YKST:F7S>L7S1]'O]SU^9O2ET.WHHHK]3-0HHHH`****`
M"BBB@#XR_P""\7Q'3P1_P3_U72_-"W'BW5K+2XTSRZB3SW_`+"?Q(K\[_P#@
MB-X+3QC_`,%%O"4LJ>9'H5C?ZG_NLL!B4_G+7O7_``<=_%?^T/B#\-_`T3@I
MIME<ZY<J#_'*PABS]%CE_P"^JX/_`(-Y--6[_;5\17#8+6?A*X*\<Y:ZMAG\
M@?SKXK&U%6SB$?Y6E]VIX&(ESXZ*[-?YG[/T445]J>^%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`%%%%`'S9_P5QU0Z9^P'XX`;#77V.WQG&[=>0@C\LU^+5?LS_P6)MW
MG_8'\5LO(BNK!VYQ@?:XA_,BOQE&<<\FORGCAOZ_'_`OSD>1CW^\7H)*GF1.
MO]X$5^]/[$WQ,'Q@_9,^'_B`OYDUYHT$<YSD^=$OE29]]Z-7X,5^J/\`P0G^
M+P\2_`'Q'X-GES=>%=4-S`I;G[-<C<,#T$B2_P#?0HX)Q7L\<Z+^VOQ6OY7#
M`SM4Y>Y]ST445^K'KA1110`4444`%%%%`!1110`4444`%?C/^UQX+_X5[^T[
MX[TD*4CAUB::(?\`3.4^<OZ2"OV8K\R_^"O'@$^&?VF;+6D7$/B728Y&..#+
M"QC8?]\^77YUXEX3VF6PKK[$E]S5OSL9U=KGRO1117X8<X4444`%?;W_``1V
M^/']G:YKGPZOI\1WP.K:4&/_`"T4`3QCZJ%?'^RU?$-;OPR^(FH?"3XB:+XG
MTMB+_0[M+J,=I`I^9#[,I93[&O9R#-99=CZ>*6R>OG%Z/\-O.Q496=S]OQ16
M)\-_'^G_`!3\!:1XCTF7SM.UJU2Z@;.2`PSM/^T#D$=B#6W7].TZD9Q4X.Z>
MJ?D=5PHHHJ@"BBB@`HHI&;:I)/`Y)Z8H`_`[_@L;\2C\3/\`@HCX]=7+0>'S
M;:)$,Y"^1"N\#_MH\GXYKU/_`(-Y=36T_;5\0VS8W7GA*X"GOE;JV./R)_*O
MCS]H'QG)\1?CYXZU^5MTFL^(;^[)SG(>XD(_3%?0W_!$/QBOA+_@HOX3AED"
M1ZY87^G<_P`3&`RJ/SBK\VPM?FS*-5]9_FSY2C5OBE/O+\V?NY1117Z2?5A1
M110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%
M%`!1110`4444`%%%%`!17D/[;?QDUSX%_!3^W?#\EM%J']H06VZ>$2IL?=G@
MD<\"OD7_`(>4_%/_`)_=$_\`!:O_`,57@9EQ)A,#6]A64KVOHN_S/1PV65J\
M/:0M8_1BBOSG_P"'E/Q3_P"?W1/_``6K_P#%4?\`#RGXI_\`/[HG_@M7_P"*
MKS_]=LO[2^Y?YG1_8>)\OO\`^`?HQ17YS_\`#RGXI_\`/[HG_@M7_P"*H_X>
M4_%/_G]T3_P6K_\`%4?Z[9?VE]R_S#^P\3Y??_P#]&**_.?_`(>4_%/_`)_=
M$_\`!:O_`,51_P`/*?BG_P`_NB?^"U?_`(JC_7;+^TON7^8?V'B?+[_^`?HQ
M17YS_P##RGXI_P#/[HG_`(+5_P#BJ/\`AY3\4_\`G]T3_P`%J_\`Q5'^NV7]
MI?<O\P_L/$^7W_\``/T8HK\Y_P#AY3\4_P#G]T3_`,%J_P#Q5'_#RGXI_P#/
M[HG_`(+5_P#BJ/\`7;+^TON7^8?V'B?+[_\`@'Z,45^<_P#P\I^*?_/[HG_@
MM7_XJC_AY3\4_P#G]T3_`,%J_P#Q5'^NV7]I?<O\P_L/$^7W_P#`/T8HK\Y_
M^'E/Q3_Y_=$_\%J__%4?\/*?BG_S^Z)_X+5_^*H_UVR_M+[E_F']AXGR^_\`
MX!^C%%?G/_P\I^*?_/[HG_@M7_XJC_AY3\4_^?W1/_!:O_Q5'^NV7]I?<O\`
M,/[#Q/E]_P#P#]&**_.?_AY3\4_^?W1/_!:O_P`51_P\I^*?_/[HG_@M7_XJ
MC_7;+^TON7^8?V'B?+[_`/@'Z,45^<__``\I^*?_`#^Z)_X+5_\`BJ/^'E/Q
M3_Y_=$_\%J__`!5'^NV7]I?<O\P_L/$^7W_\`_1BBOSG_P"'E/Q3_P"?W1/_
M``6K_P#%4?\`#RGXI_\`/[HG_@M7_P"*H_UVR_M+[E_F']AXGR^__@'Z,45^
M<_\`P\I^*?\`S^Z)_P""U?\`XJC_`(>4_%/_`)_=$_\`!:O_`,51_KME_:7W
M+_,/[#Q/E]__``#Z8_X*EZ(=>_8(^(T8&YK:QCNQQG_57$4G\E-?B,.@K]`/
MBU^W9\1OBE\+_$/AS4KG1IK'6]/GLYT73U5BKH1P<\'T-?G^@(10<Y`KXKB;
M-*&/Q$:U"^D;.ZMU;[ON?.YW@:F&G'VEM5T\O^'%KZ9_X))_'(?!?]LO1;:Z
MF,6F>,XFT*XR<*)'(>!C_P!M5"Y_Z:&OF:I;&^GTN_M[NVE>"ZM)4GAD0X:-
MU8,K`^H(!KQ<'BI8:O"O'>+3_P"!\SQX3<9*2Z']&=%?FEX)_P""I?Q0\5>%
M;*^6^T,M+&!(/[.7*N.&!Y]1^M:O_#RGXI_\_NB?^"U?_BJ_3_\`7;+^TON7
M^9]O3R>O4@IP:::NM>_R/T8HK\Y_^'E/Q3_Y_=$_\%J__%4?\/*?BG_S^Z)_
MX+5_^*H_UVR_M+[E_F7_`&'B?+[_`/@'Z,45^<__``\I^*?_`#^Z)_X+5_\`
MBJ/^'E/Q3_Y_=$_\%J__`!5'^NV7]I?<O\P_L/$^7W_\`_1BBOSG_P"'E/Q3
M_P"?W1/_``6K_P#%4?\`#RGXI_\`/[HG_@M7_P"*H_UVR_M+[E_F']AXGR^_
M_@'Z,45^<_\`P\I^*?\`S^Z)_P""U?\`XJC_`(>4_%/_`)_=$_\`!:O_`,51
M_KME_:7W+_,/[#Q/E]__``#]&**_.?\`X>4_%/\`Y_=$_P#!:O\`\51_P\I^
M*?\`S^Z)_P""U?\`XJC_`%VR_M+[E_F']AXGR^__`(!^C%?('_!8SX<'7_@?
MH'B6)-TOAS4_*E('(AN%V$D^@=8_SKR;_AY3\4_^?W1/_!:O_P`57-_%S]MO
MQ_\`&;X;ZOX9UJ?1Y].U:'RY52P"/P0RD'/!#*#FO)S[B;+\=E]7"I2O)::+
M=:KKW2)J9'B>5[??_P``^7Z*!GH>HHK\,/G`HHHH`****`/O+_@C_P#M%"2V
MU3X9ZG<?/#OU/1MYZH3^_A'T)#@>C/Z5]U5^'GP\\?ZK\*_'&E^(]$N3:ZKH
M\XN+>3&X9'!5AW5@2".X)KZEL?\`@IM\4-1M(YX[W0]L@S_R#EX]OO5^O<(<
M9T:&!6$Q=W*&B:5_=Z=5MMZ6/3P&%GB;Q@U==S]'J*_.?_AY3\4_^?W1/_!:
MO_Q5'_#RGXI_\_NB?^"U?_BJ^K_UVR_M+[E_F>E_8>)\OO\`^`?HQ17YS_\`
M#RGXI_\`/[HG_@M7_P"*H_X>4_%/_G]T3_P6K_\`%4?Z[9?VE]R_S#^P\3Y?
M?_P#]&*RO'FI_P!B>!]9O2?^/.QGG]?NQL?Z5^?G_#RGXI_\_NB?^"U?_BJS
MO&'_``46^)^M>$-6LY;O16CN[*:%@-/4$AHV!YW>])\:Y>U9*7W+_,4LDQ*3
M>GW_`/`/R769KC,C$LTA+$GJ23G->A?LF_$[_A2_[4/P]\5LVV+0_$%I/.<X
M'DF4))GVV,U>>1+MC4#L,42)YB,I)&X8R."*^1A-PDI+=:GYA&33370_J15@
MZ@@Y!Y!'0TM?ES\!_P#@J+\3_$'P=\.S1ZAH\AALDM9&>P#.7B'EG<=W).W.
M?>NN_P"'E/Q3_P"?W1/_``6K_P#%5]@^-<`G9J5_1?YGZ71RBO5IQJP:M))K
M7O\`(_1BBOSG_P"'E/Q3_P"?W1/_``6K_P#%4?\`#RGXI_\`/[HG_@M7_P"*
MI?Z[9?VE]R_S-?[#Q/E]_P#P#]&**_.?_AY3\4_^?W1/_!:O_P`51_P\I^*?
M_/[HG_@M7_XJC_7;+^TON7^8?V'B?+[_`/@'Z,45^<__``\I^*?_`#^Z)_X+
M5_\`BJ/^'E/Q3_Y_=$_\%J__`!5'^NV7]I?<O\P_L/$^7W_\`_1BBOSG_P"'
ME/Q3_P"?W1/_``6K_P#%4?\`#RGXI_\`/[HG_@M7_P"*H_UVR_M+[E_F']AX
MGR^__@'Z,45^<_\`P\I^*?\`S^Z)_P""U?\`XJC_`(>4_%/_`)_=$_\`!:O_
M`,51_KME_:7W+_,/[#Q/E]__``#]&**_.?\`X>4_%/\`Y_=$_P#!:O\`\51_
MP\I^*?\`S^Z)_P""U?\`XJC_`%VR_M+[E_F']AXGR^__`(!^C%%?G/\`\/*?
MBG_S^Z)_X+5_^*H_X>4_%/\`Y_=$_P#!:O\`\51_KME_:7W+_,/[#Q/E]_\`
MP#]&**_.?_AY3\4_^?W1/_!:O_Q5'_#RGXI_\_NB?^"U?_BJ/]=LO[2^Y?YA
M_8>)\OO_`.`?HQ17YS_\/*?BG_S^Z)_X+5_^*H_X>4_%/_G]T3_P6K_\51_K
MME_:7W+_`##^P\3Y??\`\`_1BBOSG_X>4_%/_G]T3_P6K_\`%4?\/*?BG_S^
MZ)_X+5_^*H_UVR_M+[E_F']AXGR^_P#X!^C%%?G/_P`/*?BG_P`_NB?^"U?_
M`(JC_AY3\4_^?W1/_!:O_P`51_KME_:7W+_,/[#Q/E]__`/T8HK\Y_\`AY3\
M4_\`G]T3_P`%J_\`Q5'_``\I^*?_`#^Z)_X+5_\`BJ/]=LO[2^Y?YA_8>)\O
MO_X!^C%%?'O[&/[9WCKXV_'.VT#7[G3)=.ELIYV6"S$3[D"[><^]?85>_EN9
MT<=1]M1O:]M?Z\SS\5AIT)\D]PHHHKT#F"BBB@#YW_X*>?\`)LH_["]K_P"S
MU^>=?H9_P4\_Y-E'_87M?_9Z_/.OR3C7_D8_]NK]3[#(_P#=OF_T"BBBODCV
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`%
M'49YKYK\7:2="\5:C9G/^CW#JO\`NYR/T(KZ3KQC]H30C8>,(+U1A-0A&3_M
MIP?TQ0?+<68?GPL:J^R_P>GYV."HHHH/SP](_9Z\6_8]3N-'F;]W=_OH,]!(
M!R/Q'/X5ZY7S!8WTNF7L-S`Y2>W<2(P[$'(KZ-\(>)XO&'AVVU"+CSEPZ_\`
M/-QPR_@?TH/T#A7,/:4GA9O6.J]/^`_S1I4444'U@4444`%%%%`!1110`444
M4`%%%%`'"^(['^S]:GCQA6.]?H>:HUV7B3PTVMRQ21R)&\8*G<"<C\*S/^%?
MS_\`/S#_`-\FOGZ^"J^T?)&Z/AL;D^(]O+V4+QOIMU^?0P**W_\`A7\__/S#
M_P!\FC_A7\__`#\P_P#?)K'ZE7_E.;^R,9_S[?WK_,P**W_^%?S_`//S#_WR
M:/\`A7\__/S#_P!\FCZE7_E#^R,9_P`^W]Z_S,"M_P`$:QY%R;.0_+-S&?1N
MX_&C_A7\_P#S\P_]\FE7P%<(P9;J(,IR#@\&MJ%#$4YJ:B=.$P..P]6-6--Z
M>:U75;G444V`2"%!*5:0`;BO0GUIU?07/N$[JX4444#"AHO/5HS_`,M`5_,8
MHI0=I!]*`/@G5+,Z;JEU;,"&MYWB(]-K$?TJ"NO^/>@GPW\8O$%O@A)+HW"?
M[L@#C^9KD*^FA+FBI=S\&Q-)TJTZ3^RVON=CZ`_8I\;Y35?#LK\J1?6P)^BR
M`?\`CI_.O?*^'OASXTF^'OC?3M8BR?L<H,BC_EI&>'7\5)_2OMVROH=3LH+F
MWD$L%S&LL3CD.K#(/Y&O'Q]+EJ<W<_3.#\?[;".A)ZP_)[?JON)****X3ZT*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@#WS
M_@FK_P`G36?_`&#+O^2U^C%?G/\`\$U?^3IK/_L&7?\`):_1BOUG@G_D7O\`
MQ/\`)'R&>?[S\E^H4445]>>,%%%%`'SO_P`%//\`DV4?]A>U_P#9Z_/.OT,_
MX*>?\FRC_L+VO_L]?GG7Y)QK_P`C'_MU?J?89'_NWS?Z!1117R1[`4444`%%
M%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!7/?$CP"O
MQ`T>&V,XMIH)?,24INP,8(Q[_P!*Z&B@RKT(5J;I5%=/<\J_X9JE_P"@S'_X
M#G_XJC_AFJ7_`*#,?_@.?_BJ]5HH/(_U;R__`)]_C+_,\J_X9JE_Z#,?_@.?
M_BJZKX:_#JZ^'KW,;:DMW:W.&\KRBI5Q_$#D]N#^%=710;X?),'0J*K2C:2\
MW_F%%%%!ZH4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!1110!\X?ML>%C9^*=(UE5^2^MS;2'_;C.1^:M^E>)5]J_%SX7VW
MQ<\)#2[BX>T9)EGBG1`[1L,@\'L02*\O_P"&'+3_`*&6[_\``1?_`(JO6PV,
MA&FHS>J/SC/N&\76QLZV&A>,K/=+7KN_G\SYZKZ5_8\^)G]M^&I?#=W+NN])
M!DM=QY>`GE1_N,?R8>E9_P#PPY:?]#+=_P#@(O\`\56KX)_9*_X0/Q59:O9>
M)KK[192;PIM%"R+T9#\W0C(HQ&(HU(.-_P`R<ER?-<%BHUO9^[L_>CL_GTW^
M1[%103DDT5Y)^DA1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%
M%`!1110`4444`>^?\$U?^3IK/_L&7?\`):_1BOSG_P"":O\`R=-9_P#8,N_Y
M+7Z,5^L\$_\`(O?^)_DCY#//]Y^2_4****^O/&"BBB@#YW_X*>?\FRC_`+"]
MK_[/7YYU^AG_``4\_P"391_V%[7_`-GK\\Z_).-?^1C_`-NK]3[#(_\`=OF_
MT"BBBODCV`HHHH`****`"BBB@`HHHH`****`"BBB@`HHKF_B'\0HO!-FJ(HF
MOYP3'&3P@_O-[>W>MJ%"=:HJ=-7;)G-17,SHY)!%&7=E15ZLQP!^-9TWC/2+
M=RLFJ6*L.WG+7&>&_`NH?$!$U+Q!>7)MY?FBMU;;N7UQT4?09KK+/X>:'8H%
MCTNT.!U=-Y/XFNRKA\-1?)4FY26_*M%\WO\`<9QG.6J5EYEJT\5Z7?OMAU*R
MD8]A,N?YU?SP#U![US>M?";0]8B(%HMI)V>#Y"/PZ'\JR?`OA'6?"?C!K66[
MGETI8F<,#F.0]`N#]UN<X'I0\/AITY3I5&FE>TEOZ-!SS32DM^QW5%%%>:;!
M1110`4444`%%%%`!1110`4444`5M0UJST@QB[NX+8RG""1PN[Z9JR#D`]<UQ
M?Q*^&-SXSU:"ZM[J*,K'Y3K*"0!DG(Q]>E=;I5C_`&7IEM:[VD^SQ+'N/5L#
M&:ZZU*C&C"<)WD]U;8SC*3DTUH3T445R&@4444`%%%%`!1110`51?Q3I44\D
M3ZKI:RQ':Z->1!D/H1NR#[&KU>`^-_\`@G9X.^(?Q`UGQ%J>JZ_]JUN[>[EB
MMFBBC0M_"/D)('J>373AX49-^VDXKR5S.I*:7N*_SL>YQ^(-/F4,NHZ>X/<7
M,9'\Z4Z[8*"3J%@`.I-RF!^M?(O[3W["_@SX.?`[6?$6CW&O&_TXP^6MQ=J\
M1#2JK9`4=B>]<S^Q7^R-X9_:$^'^KZKX@GUA)K+4/LD(M+D1J5\M6.05.3EJ
M]-9;AG0>)55\J=OAUOI_>\SE>)JJHJ?(KO7?_@'VU)XOT>)=SZQI"CU:]B`_
M]"K0!R`<YS7S==?\$O\`P&;B.6VU;Q+;O$ZR*'DAF7(((X*#(X]:^D5&U5'7
M:`.F.U>;B84(V]C-R[W5K?BSIIRJ._.K?.X4445RFH4444`%%%%`!1110`44
M5QWQK^.OA_X`>%XM6\0S72Q7,I@MHK>$RRW$@7=M`X`XYR2!5TZ<JDE""NWT
M%*2BKR=D=C7B7[6_[6EY^S'J6A10:%:ZS%K$,TA,ERT+1-&RC`P#D$-7HWP9
M^)T7QE^&FE^)K>SFL(-55WC@E<.Z*KLH)(XR=N<=LU\R_P#!5]&^S^"),?*H
MOE)]\0G^E>EE>%C/&QH5XW6J:]$^WF<V*JM474IOL?4WPT\53>.OAUH.MW$$
M=K/J]A#>20QL62(N@;:">2!GJ:VZYWX/6_V7X1>%8LYV:1:#@8'^I6NBKSJR
M2G)+:[.B#?*KA1116904444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%
M`!1110`4444`>^?\$U?^3IK/_L&7?\EK]&*_.?\`X)J_\G36?_8,N_Y+7Z,5
M^L\$_P#(O?\`B?Y(^0SS_>?DOU"BBBOKSQ@HHHH`^=_^"GG_`";*/^PO:_\`
ML]?GG7Z&?\%//^391_V%[7_V>OSSK\DXU_Y&/_;J_4^PR/\`W;YO]`HHHKY(
M]@****`"BBB@`HHHH`****`"BBB@`HHHH`-P4$L<!>3]*\6L2WQ&^)<9G):*
MYG+$>D2\A?I@8_&O8=7)&D7A'WA!)CZ[37DOP2Q_PG,.[J+>3;]<?X5]'DO[
MO#XBNOB2T^Y_\`X\2[SA'I<]B`"@`#`'``Z#VHHHKYP[`HI1DD#N:Q=,^(.D
MZQJJV-O<N]TS,NPQ,,%<YR2,=JTA2J33<(MI;VZ>HG)+=B>.?&B>!["WN)+>
M2Y6>0QX1@I7Y<YYK,UKXMVFC^'[*[:!GNK^/S8[;>,JN>K'L/YU4^/7_`"+-
ME_U]?^RFK'PF\*P0^&[?4+B-9[R[7Y7D4,8XQPJC/3@5[-+#X6&"AB:L6WS-
M63WWT\E^)S2G-U'"+-/X?^,)/&FBRWDL$=MY<IC`5RP(`!SSTZU1O/BG%<ZH
M;'1K.?6+I<Y*$)$OON/4>_2JGQAU4>&_#*V=HB6[ZG*1(8U"Y4`;CQW/`JY\
M'-"32?!L,^T":_)E=L<[<X4?3`S^-2Z%"-"6-E'23M&-W;U;WZ,:G)R5)/;=
MCKGQ3XCTZ%IKCP]%)$O+"WN@[@?3O5_PEX[L/&4+?9G9)XQEX).'7W]Q[BMG
M)]\UY/\`$N%_`_Q#AU&R_=&=1<8'`W9PX^A_K4X.C1QC=%149VNFKV=NC3;^
M]#J2E32E>ZZG6^+_`(IIX.UHV<]A-(&57259`%93U/3L<_E75(XD174[E<!@
M1W!KA?C1I2ZYX3M-5A&3;[6)_P"F<@'\CC\ZVOA;K7]M^";-F;=+;`V[^N5Z
M?IBHQ&%I_4H8BFK--QEZ_I_P1PJ2]HXM^:-/Q)KL?AK0[F^E4NMNN=H."Y)`
M`'XFJG@GQG%XVTR6YBB>`PRF-D9@Q'`(/'K61\4$?Q!?Z1H$3E6OY?.F(YV1
MJ.O\S^%8/P>NI/#WC2_T><D-*"H!Z;T)_FN:UI8"G+`RJ_\`+Q>\O\-[?HR9
M5FJJ73;YGIU8-GXZ34?&EQHT%M)(;4$RS[QL3`&>/J<5JZWJJ:'H]U>R'Y+:
M,R'/<@<#\3Q7-?![1'M="FU.X!-WJTAE)/79DX_,Y/Y5Q4*4/85*U17V2]7U
M^2-)R?,HQ^?H6?'7Q)C\#7L,,MI+<>?$9`RN%Q@XQS706]R9]/CGV$%XA)LS
MTR,XKS?]H!,ZAIA[F*0?^/"O2+1=NGPCL(E'_CM;XK#TH82C5BM97O\`)DPG
M)U)1;VL<KX=^,-GK9NFG@>QALX?-DDDD#=P`H`'))JK>_%;4Y$,UEX=O)+0<
MB64,"P]<`<?K7+_"?08];\;2>>H>&S#3%#RK,&PN?7!.?PKV+<>N3Q77F-/"
M82OR1I\VB=FW9?JW^'D9T95*D;MV.2\$_%JT\67BVDL+6=V_W%+;DD]@>Q]C
M757$Z6L#RRNL<<:[G9C@*/4UY)\5-/7PY\0HKBV`C,^RY`7@*X;!/XD9_&NO
M^-UW)!X)VH2!<7"(^.ZX)Q^8%3B<OI3JT'0]V-7IO;:_YA"M)*7-JXBV_P`3
M+CQ%?20:%I<E\L/WYYI/*C'^?S]J@\0?$76O"2))J&B0>2YVB6&X+)GT)QP?
MK5[X06L=MX"M&0#=.SR.1U+;B.?P`K1\=VT=WX,U1)>4%NS<]B!D'\Q64I8:
M&*]A[).*=M6[O6U][?@5:;AS<VNY1T/Q?JNM7-HW]B%+&Y()N5N5D55QUX]^
M*Z.N"^`=_+-HM];L6,=O*K)_L[AR/TS7>US9G2C2Q$J48I<O:^O7JWK8TH2<
MH*3>X4445YYJ>1_MV0F;]E3Q6`?N)`Y^@G2N%_X)=G/P7\0'_J-'_P!$QUWW
M[<G_`":IXO\`^N$7_HY*X'_@EW_R1?Q!_P!AL_\`HF.O=I?\BF?^-?H<$_\`
M>X^A]#^*?%6F^"/#UWJVL7L&G:;8IYD]Q,VU$']23P`.2>E>)Z)^V-KOQ>U*
MZA^&OP_O_$5C9OLDU/4KI;&UW>@SSGOC.?85X_\`\%*/B??>*OBGI7@6TE9;
M/34BFEC4_+-=3'"%O78I&/=C7U_\,_A]9?"KP!I/AW3XA%;:5;K%@#!>3'SN
M?5F;))]ZQEAJ>&PT*U6/-*>R=[)=W:S;^9:JRJ5'"+LH[][GD7B?]JGQS\';
M5+_Q[\,I+31BP674-&U);R.WR<#>IZ?B1]:]9^&?Q2T'XP^%8M9\.ZA'J%C(
M=K$`K)`^.4D0\JP]#^&16UJ6F6VM:;<65[!'=6=Y&T,\,BADE1A@J0>Q%?"G
M[.7B"Z_9D_;5O_!Z3R-HVH:F^C3QL<AE))MY/]Y25&>X)JJ.'I8NC-TX\LX*
M^E[-==V[/YA4J2HSBI.\7IYH^Q/C+\;O#WP'\*?VOXANVACD8QV\$2[Y[M\9
MV(O?CJ3@#N:\Z\(_M"?$[XL:*FL>%OAIIT.BW`+6LVMZQ]GENU[,JJO0]CT/
MJ:\._P""A%S+XG_:P\.Z%>R,--AMK*)%).T":8^:?J>`3["ON**TCT^%+>%%
MBAMU$4:*,*BJ,!1[``"E5HTL-AZ=1QYI3UUO9+T36H1J3JU)13LHGS/<_MU^
M+?#OQ(B\(ZY\-H+'7IV"Q0/K*P).6^Z4D==C!N@.>3QUKV/X/^/?%OC>74U\
M4>"I_!YLS&+827:W/VS.[<05X&W`_P"^J\#_`."JNE6__"->"]1`"7Z7=Q;+
M(.'\O8KXS[,`?;->B>*OCIJ7A+]A:S\8RR,NN7>B6\44I^]]IE`C$GUZO]16
MU;#4ZF'I5*--)U'R[O1WZ7=K/S6AG"K*-249R;4=>FWW#OC)^V[HOP\\:+X5
MT#2K_P`9^*6E$!M+%@(XI/\`GF7P=SCN%!QW(J/4/C;\9/#NER:G?_"73Y[&
M%/,D@LM;$MXB8R3L`.2!V`)KS'_@E_X!LC%XB\8WTD#ZB9QIMF\TB^8@*[YG
M&3G+%E!/L?6OKO[;%#\_GPKMYSYBC'ZUEC5A\+5]A"FI<N[;>K\K-6+HNI5C
M[1RM?9*QY_\`L_?M-^&OVC-,F?2))K34[,`W>FW0"SP`G&X8X=,\;AT/!`-?
M-W_!07X[6OQ%T&'P[%H/B#3[C0-;D5KR\MMEK<A49"8G[Y/(]16+\4-03X!?
M\%"H=1T1HX[2^O[:>6.%@8WCN@JS)QQ@DL<>N*]=_P""I4WE_!'18F=CG6UV
M@YYQ#)7?AL-2H8RC."O&HKJ[VTU]3GJU9SHSC)ZQT?F8O[-O[7NE_#SX(^%O
M#[>$O&VH7%E`(6N+73MUO*S2L=ROGE?FZ^U9W_!5_P#Y`_@KW>\_]!CKZ#_9
M:+VO[-W@>-7?`T>`XSCJ,_UKY^_X*MMMTOP03SB2\/\`X[%4X*I3GFBY(V=Y
M7UO??[BJ\9+".[OHOT/0-4_:SM/AOX3\-^&]`T'5?&WBJ/1K1Y[#3D+)9`PI
MCSG`.TD<[0,^N*XN\_X*,^(O`GB"*U\9_#2[T:&;E0LTD<Y3^\HE4*^/0$?A
M7LG[(WPRM?A;\"-"BAC']H:O:QZAJ-P>9+B610WS-U(52%`[`4W]L/X?V?Q%
M_9U\30W<://I=H^HV<K#+02Q#=E3VR`5/J#7)"K@U7]C.GS)NSE=WWW26EO+
M\3:4:SI\ZE9VVL=C\.OB)I/Q6\&V6OZ'=?:].OU)1B-KHP.&1U_A93P15;XK
M?%S0?@KX1EUOQ#>BTM$;9&BKOFN9#TCC7JS'\@.20*^=/^"5>MW%QX2\8Z<S
MEK6WN[>YB4GA&=&#8^NQ:\[_`&N?$=S\??VQK+PA]I,>EZ9?0Z-"N_:D;,5-
MQ)Z!N2,^B"JAE,7CIX=OW(ZM];:/[]298Q^PC42U>GS/=/!O[5OQ`^,]M+J'
M@?X8I<:*CE([W6-4%LL^#SMP,$^N"0/6IK7]MB7P)XWM_#WQ-\)W?@FZNQF"
M^2X%W8R#.-VX#(7/5AG'?%>V:'8Z;X>T6TT[33:0:?81+;V\4<B[(T48`&#Z
M5XK_`,%#_#&G^*OV;[^[D>U>^T"XAN[8^8I=0SB-U'.<%6Z>P]*QH3PU:NJ+
MI6C)V33=U?9ZNS\]"ZBJ0@YJ5VO2Q[H+A7M?.C9)4:/S$96!5QC(((Z@CO7A
M?P:_;ST/XJZCKRWFE3^'=/\`#>GOJ%[>W-TLB!5D6/:JJ`226&.Y.!CFE_X)
MS>.[KQG^SQ%:7LC32>'KZ33XF8Y/D[5=%_X"&*CV`KYD_8P^$MO\8_CW?:9J
M7F2Z#9K+?ZC:ABJ7HCF'E1/CJOF$$C_9KIP^6T8K$1Q'_+NVJ^?XM;7ZF=3$
MS?LW#[1[U\,/^"AG_"W_`(\:1X6TCPW%#I&JW#0K>75T1<A`K-OV*-H^[]W)
MZ]:^EZRX/`VB6LUE)#HVDPR::=UHT=I&C6IQCY"!E>"1QZUJ5Y6+JT)R3H0Y
M4EWO=]SKI1G%/G=PHHHKD-0HHHH`****`"BBB@`HHHH`****`"BBB@#WS_@F
MK_R=-9_]@R[_`)+7Z,5^<_\`P35_Y.FL_P#L&7?\EK]&*_6>"?\`D7O_`!/\
MD?(9Y_O/R7ZA1117UYXP4444`?.__!3S_DV4?]A>U_\`9Z_/.OT,_P""GG_)
MLH_["]K_`.SU^>=?DG&O_(Q_[=7ZGV&1_P"[?-_H%%%%?)'L!1110`4444`%
M%%%`!1110`4444`%%%%``RB12K<AA@_2O$]$D;X?_$=%N,JEI<&*0^L;<;OI
M@@U[97)?$SX;CQ?$MU:E(]0A7;\W"S+_`'2>Q'8U[.3XRG2E*C6^":L_+^KG
M/B:;DE*.Z.MR#@@Y!Y!'0T5YGX3^)-WX(5-+UZUN5CA^6.4K\\8]#_>7T(_6
MNTL_B!HE]$'CU2TP>SOL(_`US8K+*]&7P\T>C6J?W%PKPDM[,V4^^OUKR3X>
MQ@?&"08^[+<8_P#'J]`OOB3H6F#=)J=NY'.V(^8Q^@%>?_"Y9=1^)9ODAF-N
M[3N9"A"J&!QD].]>EEE&I3PV(E4BTG'KI?<QKS3G!)WU.B^//_(M67_7U_[*
M:Z#X??\`(C:3_P!>RUSWQZ<+X9LLGDW/'_?)KH/AT_F>!=*/I;@?D2*PK?\`
M(KI_XG^I4?X[]#D?C_$W_$JEYV#S$S[\&NO^'DHE\"Z25.0+=5_$9!H\=^$U
M\8^'I+7<$G0^9`YZ*X]?8CBN4^&OBX>$4?0];#6$D3EH'EX3!/*YZ8SR#TYK
M2_UG+8TJ>LJ;NUUL[ZK[Q?!6<GLST.O+_P!H"4-J^G)U9+=R?Q;C^5=]?^,=
M*TRT:>?4+1449^64,3[`#DUP%CHUS\6O&K:G-#)#I,3`*7&-Z+T0>I/?TS4Y
M+!T:KQ556C!/5]6]++NPQ,N:/)'=G>Z9I*ZCX(MK&<?+/9)$X],H/Y5Q'P4O
MY-'\27^C3G:SY(!_YZ(<'\Q_*O2P,`#H!T'I7D_Q9MIO"?CR/4[5C&]TGFJP
MZ!P-K?IC\Z>5R^L>UPDOMJZ_Q+7^O0*ZY.6?8ZWPA_Q47CC6-7/S16Q%A;'M
MA?O$?C_.N<^*UN_A3Q[8:U"#B4J[>[)PP_%<5V_@/0SX=\)65LP_>E/-E]=[
M<G_#\*SOC!HO]K>"IY0,RV+"=?IT;]#^E&%Q<8Y@H_8?N?+9?>]0G!^ROUW*
M_P`2;O\`X2./2-&M7)_MB197([0CG/\`GTKKH($M8$BC&V.)0B@=@!@"O/O@
MG93:K++J=RQD%G$ME;$_P@<G'Z#\:]#KDS**HM82+NH7OYM_\"R^1=%\UZCZ
MGF?Q_P#^0AI?_7*3_P!"6O2+7_CQB_ZY+_Z#7F?[0$__`!-M.3(RD#M^;?\`
MUJ])LI0VDPR9X,"M_P".BNG')_4,-_V]^:)IO][/Y'FWP._Y&W4_^N+?^AUZ
MA7E7P,N0_BZ^&1^\MV;Z_./\:]5I<0JV,?HOR#"/]VCROXX`MXSL02>8%'_C
MYKT3Q5X=B\5:%-8S$J)0"C@9,;#HWYUYS\;)<^.[-"?N01_JYKTGQ/;W%WX=
MOHK4D7,D#+%@X.XCI]:UQLI1H81Q=GKKVU6I-.SE4NKG"_#WQ1<>#VNM(GMI
M]2@MI"5GL$,RQD]0<=N_J.:T/&&N:EXTTYM-TG2[]$N2!-<7,?DJ%ST&?7N:
MY_P!\3HO`>DR:?>6-QN25GRI"L"<9#`]QBN@3X]Z6[8:UOQGO\A_K79BL+76
M)=:G0YFG=.^C?>R^^US.%2/)RN5C=\!^#T\%Z$+;>)9Y6\R9QP&;'0>P'%;5
M97AGQKIWBU&^Q3EI$&6B<;9%'KCT]Q6K7S>*=5U9.NFI/>^AVPY>5<NP4445
MSE'D?[=LS1?LI^*L?QK`ASZ&=*X3_@EVP_X4OX@&>1K1/O\`ZF.NP_X*"7OV
M/]E+Q!EL>=<6D?IUG4G]!7!_\$K[M9_ACXMB!5C%JT3'!R?FA_\`K5[])?\`
M"1-_WU_[:>?-_P"V1]/\SR#]L93H'[<DMU=`^2UWIMT,C@Q[8A^65-?H+,=T
MSD'<&)(([U\X_M\_LMWWQFT:S\2>'8&N=?T:(PS6J<27MODL`GK(AR0.X)'7
M%;'[,7[8?A_Q[X-LM(\2ZG;:#XOTF);6\MM1<6QN2@V^8A?`R0!E3R#GC%&-
MOB<'1J4M7!<LEU6UGZ.VX4?W5:<9Z<VJ/<Z_/WXDQMXA_P""C;PVA,DA\4VJ
M?+SS&8]WY;37UE\:/VN_!OP=\,3W0UG3M9U=D(LM-LKA9Y;B3^'=M)VIGJ3V
MZ9->/?L-_LVZY=^.[GXG^,[>6VO;MY9]/MIT*S22RDE[AE/*@!B%!YYSV%/*
M[X:E5Q-5635E?JWV]`Q3]K.-.&NMWY'5?\%`?V=H/B3X9B\8VNIV&CZOX<C*
MO)>3""&YAW;E7>>%D5LE?7./2K/P>_;4FUWX>Z=<^(_!?CE=0,*J;K3]&ENK
M74"!CS(V&,;L9P>,G@XK&_X*<>%]=U_X6Z#<Z;!<7>EZ9?/+J442%PF4`CD=
M1U4'<,]!N]ZS?#7_``5.\-V>B6=OJ/AC6H+FW@2)UM)X6ARJ@?+N*D+QP,<=
M*NCAZE?`P2A[2S>SLXKMYWW\B9U(PKRUY=%\_P#ABA\3?A5X[_;B^*.F7&H:
M%J'@GP/HZF.%M2`2[E5B#(XCZF1L`#LH'4UV_P#P4#\-QZ+^R,+#3H#'8Z1>
M6,:1KTBA0E%S]/EJIH7_``4[\`:K=*EW8^)-.5C@RO!',J>YV.3CZ`U[!?IX
M:_:0^$E]:VU_;ZMH'B"V>W-Q;-NV'UYY5T;!P<$$5E5K8FA4I2KT^6$&K+IY
MZ]67"%.<9J$KRD?,7[#/[-'@3XU?!^YU/7M.N;W5K/5);>1DO980J;49!M0@
M=">:]M;]A3X7L"#X>N#G_J)7/_Q=?.GPK\4>)/\`@GC\5K_2_%>G75YX3UIE
M5[RV0M'+MSLN(B>"P!PT9(./H,_4&F_M??#'5=(%\GC;1(X2NXK/(T4J>Q1A
MNS[8K;,Y8WVSJ4)2<):IQ;:]--B,-[%P4:B2DM[V,;3OV#OAAI>I6]W#H=X+
MBTE6:)FU&9MK*P93R>>0*X'_`(*H7>WX3>&(V()FU=V]^(6Z?G7>^"_VIC\:
M?BCIVD^!])OM1\-V\K/K&OSV[16J($;;'#NP69GV\GMG`[UR/_!37P3?>)?@
MKI6IVD,D\7A_43-=!%W&.*2,IYA`_A#8R>V:QP<JZQU)8J3OYN[5[_=?L765
M-T)^R7W'KO[.9S^S]X'_`.P':?\`HI:^=/\`@J^X_LOP4N?F+7IQ[;8N:]-_
M8\_:#\+:[^SYX?M;K7M*L-0T&T6QO(+JZ2%T\O(5QN(RK+@@CCJ.U>2_\%5-
M5@O6\!B*:*6.6VO)XY%<,LB,8L,,=0<9![UIEU*<,U2DK:R_)DXF:EA-'T7Y
MH^K/A5_R2WPQ_P!@FU_]$I5'X]_\D,\9?]@6[_\`134OP(NQ?_`_P=."")=%
MM",'(_U2]ZK?M(7O]G_L^>-ILX*:+=8.,\F,C^M>0D_K*7][]3L;_=7\OT/G
MS_@E'#C1O&LI)YFLUQ_P&0_UKR/4/!VG^(_V^;[0_$D+OIVI>*)H+F,2&-G6
M0L4PPP1DE.1ZUZ__`,$IG#>'?&P#!L7-IT.?X'J;]O#]EO6=8\41?$7PA!-<
M:C;"-M1MK==TX>+'EW,:_P`1``#`<_*#SS7T_P!8C3S.M3F^7G22?9V5CR_9
MN6%A)*]G>WS/3X/V#OA=;H5&@W;<]6U.XS^CTRY_8(^%ET06T"Z!Z<:E<8/U
MRQK%^!O_``4`\(>/="@M_%5_#X7\20*([J.Z5DMYG'!='Q\N>NUL$'CFN@\=
M_MO?#_PE"(=-U1O%FL3?+;Z;HR-<S3.>BE@-J_7D^QKQI+-(U/9MSOZNWW[6
M\SL3PKCS:?@=K\(_@SX>^"&C3Z;X;LY+*TNY_M,J/,\I:3:%SEB2.`.*^2O^
M"97_`"7CQE_V#'_]*UKZZ^$VN:[KWP\TW4?%&GII&M72//<V2_\`+FI=BD9Y
M.6$>W/?.>G2OD+_@F/<QO\>O%X#@F32Y"HSR?]*0UOA'-X;%.;N]+N][ZOKU
M(K6]K2Y59:_H?;]%%%?/GH!1110`4444`%%%%`!1110`4444`%%%%`!1110!
M[Y_P35_Y.FL_^P9=_P`EK]&*_.?_`()J_P#)TUG_`-@R[_DM?HQ7ZSP3_P`B
M]_XG^2/D,\_WGY+]0HHHKZ\\8****`/G?_@IY_R;*/\`L+VO_L]?GG7Z&?\`
M!3S_`)-E'_87M?\`V>OSSK\DXU_Y&/\`VZOU/L,C_P!V^;_0****^2/8"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@!ES:QWL1CFCCF0_PR*&'Y&LJ;X?
MZ'<-N?2K(G.<A,?RK8HK6%:I#X)->C:$XI[HS[/PEI6GD&'3K*,CN(5)'YUH
M*-B!0`%'8#`HHJ9U)3=Y-OU!)+8CN;.&]4+-%%,%.0'0,`?7FG0PI;Q*D:*B
M+P%4``?@*=14\SM885#?:=;ZG%LN8(;A1VD0,!^=344*33N@>NYF6_@O1[64
M/'I=BKKT/D@D?G6F!M4*``%X``P!1153JSG\;;]7<226R"H[FQAO-OG0Q3;.
M5WH&Q],U)14IM:H;"D=!*C*X#*PP01D$>E+12N`RWMH[2()%''$@.=J*%'Y"
MGT44V[ZL"&YTVWO6#3V\$S*,`R1AB!Z<U*$"H$``4#``'`'I2T4.3V`AMM,M
MK-R\-O!$Y&,I&JG'IP*FHHH<F]6&VQ#<:9;7<HDFMX)7`QN>,,?S(KFOBUXO
MG\*Z'#%:/LNKYBBR=XU`Y(]^0*ZNN5^*_@R?Q=HL+6OS7=FQ=4)QYBD<@>_`
M(KNRZ5/ZS#V_PWZ[>7RO8RK7Y'R;E[P]X!T_2;2-IK=+R]D4--<7`\QY&(Y^
M]G`J[=^%M,OH3'-I]FZMV\E0?S'(K!\-?%.R:QBM]7D;3=0@4)(LZ%%<CC<#
MCO[U<U'XI:-9H1#=?VA.?N0VJF1W/IQP*UJT,<ZKNI-]U>WR>UOP)C.ER]#A
M;71_^$2^,MM:6C/Y8G7:,Y/ENN2I]>,_E7K=<;X)\)7EYXEN/$.KQB&ZGSY%
MOU,((QD^A`X`KLJO.,2JLX1O=QBDWW?77J+#Q<4_-A1117D'05]5T>TUVS-O
M?VEM?6[$,8KB)98R1T.U@1D5'HWAS3O#D<B:=I]CIZ3$-(MK;I"'(&`2%`R1
M[U<HI\SM8++<,U@^+_A7X8^(#AM=\/:+J\@_CNK-)'_[Z(S^M;U%.,Y1=XNS
M$TGHSE_"WP1\&^"+L7&C^%/#^FW"\B6"QC#K]&(R/PKJ68L2222>YI**<YRD
M[R=_4$DM$CY?^+/CK4?VA/VO;;X51:E>Z7X3TI&?5TM)3#+J;)'YCQLXYV<J
MF.GWCSQ7NWA[X%>"O"FGI:Z?X3\/6\*#`!L8Y&/U9@6)^IKY]^/WPT\3?`?]
MI^'XN>'M)N=?T6Y;?JMK;`M-#N3RY05'.UE`8,`0&&#@5ZUX:_;4^%_B73EG
M_P"$OT_39,9>VU'=;7$)[AE8=1[$BO9Q=.I*C2^JIN'*KV_FZWMU]?D<5*45
M.7M=[Z7[=+#?CI^RCX,^)W@;5(UT'3--U:*VDDM+ZSMUMY89%4LN=H`921@A
M@>*\1_X)3:G>R2>-;,LYTU$M9PN256<EU)`[$J.?H*]"^+'[647Q(T.]\+?"
MFUOO%_B#5HFM3?6T#+8Z<CC:TC2L`I(!..PZY[5VO[*?[/,/[.'PP72FFCN]
M6OY!=:E<(/D>3;@(N>=B#@'N<GO3=:I1P$Z.(;O)KE3W5M6[=%V%R1G7C.GL
MKW9Z+J6F6VLV+VM[;6]Y;2_?AGB66-OJK`@UR"?LW?#V.\%P/!/AGSP=P;[`
MAY^F,?I7:T5XT:LX?#)KT9VRC%[HCLK.'3;2.WMH8;:WB&$BB01H@]E'`I\B
M+-&T;JLB2`JRL`RL#U!!Z@TM%0V4<:/V=/``U$W9\%>&#<D[MYT^,\_3&/TK
MH=3\':1K:0)>Z3I=ZMJGEPB>TCD$*_W5W`[1TX'I6C15RK5)--R;MYD\D5LB
M.TM(K"UB@@BC@@A4)''&@1(U'0`#@`>@HO+*'4;62"YABN()E*21RH'1U/4$
M'@CV-245%^I12T7PSIOAM9%T[3K#3Q,09!:VZ0B3'3.T#./>KP)4@@G(I**&
MV]6!S?BKX-^$?'-T9]9\,:%J<YZRSV2-(WU;&3^)JQX0^&/AOX?;CH6@:/I#
M-P7M+1(W/MN`S^M;E%6ZLW'EYG;M?0GDC>]M0(W`@\YK.TCP=I'A^Z>>PTG3
M+&>12K26UI'$[`G)!*@$C/:M&BHYFM$4T%%%%(`HHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`]\_X)J_\G36?_8,N_P"2U^C%?G/_`,$U?^3IK/\`[!EW
M_):_1BOUG@G_`)%[_P`3_)'R&>?[S\E^H4445]>>,%%%%`'SO_P4\_Y-E'_8
M7M?_`&>OSSK]#/\`@IY_R;*/^PO:_P#L]?GG7Y)QK_R,?^W5^I]AD?\`NWS?
MZ!1117R1[`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`RXM8[L8ECCE_WT
M#?SI+>RAM#F*&&(^J(%/Z5)13YG:W0+!1112`****`"BBB@`HHHH`****`%5
MBI!!(([CBLW4/!VCZM/YMWI&E74I_CELXW;\RM:-%-2:U0/7<CLK*'3;80VT
M$-M"/^6<,:QK^0`%2444FP"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`/?/^":O_)TUG_V#+O^
M2U^C%?G/_P`$U?\`DZ:S_P"P9=_R6OT8K]9X)_Y%[_Q/\D?(9Y_O/R7ZA111
M7UYXP4444`?._P#P4\_Y-E'_`&%[7_V>OSSK]6/VC/@1:_M%_#O_`(1V]U"Y
MTV'[5'=>=`BN^4S@8;C!S7A'_#IO0/\`H<-<_P#`6&OS[B;(,;C,9[;#QO&R
M6Z7?N?1Y7F-"C0Y*CL[OH?#U%?</_#IO0/\`H<-<_P#`6&C_`(=-Z!_T.&N?
M^`L-?/?ZHYI_(O\`P)?YGH_VSA?YOP9\/45]P_\`#IO0/^APUS_P%AH_X=-Z
M!_T.&N?^`L-'^J.:?R+_`,"7^8?VSA?YOP9\/45]P_\`#IO0/^APUS_P%AH_
MX=-Z!_T.&N?^`L-'^J.:?R+_`,"7^8?VSA?YOP9\/45]P_\`#IO0/^APUS_P
M%AH_X=-Z!_T.&N?^`L-'^J.:?R+_`,"7^8?VSA?YOP9\/45]P_\`#IO0/^AP
MUS_P%AH_X=-Z!_T.&N?^`L-'^J.:?R+_`,"7^8?VSA?YOP9\/45]P_\`#IO0
M/^APUS_P%AH_X=-Z!_T.&N?^`L-'^J.:?R+_`,"7^8?VSA?YOP9\/45]P_\`
M#IO0/^APUS_P%AH_X=-Z!_T.&N?^`L-'^J.:?R+_`,"7^8?VSA?YOP9\/45]
MP_\`#IO0/^APUS_P%AH_X=-Z!_T.&N?^`L-'^J.:?R+_`,"7^8?VSA?YOP9\
M/45]P_\`#IO0/^APUS_P%AH_X=-Z!_T.&N?^`L-'^J.:?R+_`,"7^8?VSA?Y
MOP9\/45]P_\`#IO0/^APUS_P%AH_X=-Z!_T.&N?^`L-'^J.:?R+_`,"7^8?V
MSA?YOP9\/45]P_\`#IO0/^APUS_P%AH_X=-Z!_T.&N?^`L-'^J.:?R+_`,"7
M^8?VSA?YOP9\/45]P_\`#IO0/^APUS_P%AH_X=-Z!_T.&N?^`L-'^J.:?R+_
M`,"7^8?VSA?YOP9\/45]P_\`#IO0/^APUS_P%AH_X=-Z!_T.&N?^`L-'^J.:
M?R+_`,"7^8?VSA?YOP9\/45]P_\`#IO0/^APUS_P%AH_X=-Z!_T.&N?^`L-'
M^J.:?R+_`,"7^8?VSA?YOP9\/45]P_\`#IO0/^APUS_P%AH_X=-Z!_T.&N?^
M`L-'^J.:?R+_`,"7^8?VSA?YOP9\/45]P_\`#IO0/^APUS_P%AH_X=-Z!_T.
M&N?^`L-'^J.:?R+_`,"7^8?VSA?YOP9\/45]P_\`#IO0/^APUS_P%AH_X=-Z
M!_T.&N?^`L-'^J.:?R+_`,"7^8?VSA?YOP9\/45]P_\`#IO0/^APUS_P%AH_
MX=-Z!_T.&N?^`L-'^J.:?R+_`,"7^8?VSA?YOP9\/45]P_\`#IO0/^APUS_P
M%AH_X=-Z!_T.&N?^`L-'^J.:?R+_`,"7^8?VSA?YOP9\/45]P_\`#IO0/^AP
MUS_P%AH_X=-Z!_T.&N?^`L-'^J.:?R+_`,"7^8?VSA?YOP9\/45]P_\`#IO0
M/^APUS_P%AH_X=-Z!_T.&N?^`L-'^J.:?R+_`,"7^8?VSA?YOP9\/45]P_\`
M#IO0/^APUS_P%AH_X=-Z!_T.&N?^`L-'^J.:?R+_`,"7^8?VSA?YOP9\/45]
MP_\`#IO0/^APUS_P%AH_X=-Z!_T.&N?^`L-'^J.:?R+_`,"7^8?VSA?YOP9\
M/45]P_\`#IO0/^APUS_P%AH_X=-Z!_T.&N?^`L-'^J.:?R+_`,"7^8?VSA?Y
MOP9\/45]P_\`#IO0/^APUS_P%AH_X=-Z!_T.&N?^`L-'^J.:?R+_`,"7^8?V
MSA?YOP9\/45]P_\`#IO0/^APUS_P%AH_X=-Z!_T.&N?^`L-'^J.:?R+_`,"7
M^8?VSA?YOP9\/45]P_\`#IO0/^APUS_P%AH_X=-Z!_T.&N?^`L-'^J.:?R+_
M`,"7^8?VSA?YOP9\/45]P_\`#IO0/^APUS_P%AH_X=-Z!_T.&N?^`L-'^J.:
M?R+_`,"7^8?VSA?YOP9\/45]P_\`#IO0/^APUS_P%AH_X=-Z!_T.&N?^`L-'
M^J.:?R+_`,"7^8?VSA?YOP9\/45]P_\`#IO0/^APUS_P%AH_X=-Z!_T.&N?^
M`L-'^J.:?R+_`,"7^8?VSA?YOP9\/45]P_\`#IO0/^APUS_P%AH_X=-Z!_T.
M&N?^`L-'^J.:?R+_`,"7^8?VSA?YOP9\/45]P_\`#IO0/^APUS_P%AH_X=-Z
M!_T.&N?^`L-'^J.:?R+_`,"7^8?VSA?YOP9\/45]P_\`#IO0/^APUS_P%AH_
MX=-Z!_T.&N?^`L-'^J.:?R+_`,"7^8?VSA?YOP9\/45]P_\`#IO0/^APUS_P
M%AH_X=-Z!_T.&N?^`L-'^J.:?R+_`,"7^8?VSA?YOP9\/45]P_\`#IO0/^AP
MUS_P%AH_X=-Z!_T.&N?^`L-'^J.:?R+_`,"7^8?VSA?YOP9\/45]P_\`#IO0
M/^APUS_P%AH_X=-Z!_T.&N?^`L-'^J.:?R+_`,"7^8?VSA?YOP9\/45]P_\`
M#IO0/^APUS_P%AH_X=-Z!_T.&N?^`L-'^J.:?R+_`,"7^8?VSA?YOP9\/45]
MP_\`#IO0/^APUS_P%AH_X=-Z!_T.&N?^`L-'^J.:?R+_`,"7^8?VSA?YOP9\
M/45]P_\`#IO0/^APUS_P%AH_X=-Z!_T.&N?^`L-'^J.:?R+_`,"7^8?VSA?Y
MOP9\/45]P_\`#IO0/^APUS_P%AH_X=-Z!_T.&N?^`L-'^J.:?R+_`,"7^8?V
MSA?YOP9\/45]P_\`#IO0/^APUS_P%AH_X=-Z!_T.&N?^`L-'^J.:?R+_`,"7
M^8?VSA?YOP9\/45]P_\`#IO0/^APUS_P%AH_X=-Z!_T.&N?^`L-'^J.:?R+_
M`,"7^8?VSA?YOP9XU_P35_Y.FL_^P9=_R6OT8KP/]GO]@C2?V?/B3#XEM/$6
MJ:E/#;RVX@GAC1"'`!.5YR,5[Y7Z!PQE]?!X-T<0K/F;WOI9=CYW-<33K5N>
MF[JP4445]$>:%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4
M444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!11
M10`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%
0`!1110`4444`%%%%`'__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>59
<FILENAME>newgoldlogo-tm.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 newgoldlogo-tm.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``(!`0(!`0("`@("`@("`P4#`P,#
M`P8$!`,%!P8'!P<&!P<("0L)"`@*"`<'"@T*"@L,#`P,!PD.#PT,#@L,#`S_
MVP!#`0("`@,#`P8#`P8,"`<(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`S_P``1"`!(`.P#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#]_****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`SSC/-`.1
MG.:_,?\`X.#-6U'P_P"+OA?=6&H:C8&2RU*)C:W,D!?#VYP2A&?H:^Z/V);)
MM/\`V/OAC$\C2N/#%@S.Q+%B;="22>2>>]9JI>;C;8TE"T5+N>H4445H9AGG
M&>10&W`$'(-?E5_P<"ZYJ&@_''P')8:EJ5@TWAVY63[+=R0!P+C@'81GJ>M?
M9G@G]GF+XG?"SX":P\%I/_PC>A6K7QFGE5IXSI;+$H"\/BY:*3YO[N>HP<E5
MO)Q2V-73M%2;W/HFBOF/]FW]DKXA_"SXD>#+_P`1>)[;5=$\&:5=Z19VZ7D\
MDC1W"0RL\NY0))%F#QJQZ11)W9@/IRM(MM:JQ$DD]'<*B%]"6"^=$2S;`-XR
M6]/K[5+7Y]^(=3U?PI^W!K,GA^"&[UJ37;F&PCGR8EFG5D#D>B>86_X#7CYS
MG'U!4Y.',IRY?->BMKZ'5A,+[?F5[65S[SU_QAI/A5%;5-4T_3@_W3=7*0AO
MIN(S4FA^)M-\3VQFTW4++48EZO;3K*H_%2:\3LOV`/"VMHU[XOU'7?%/B"Z&
MZZOIKQHP7/78J_=4=@<X`KY\^.GPNU?]B+XMZ9J?A;5+P65ZIGLY7."VPC?;
MS`861<$=N0WJ,UQ8[.<;A(K$5Z"]G=7M*\E?NK6^YO7J;4<)1JOV=.?O>FC/
MORFSSI:PO)*ZQQH,LS$*JCU)/2L/PEX_M?$OPST_Q/(1;6=YIR:C)NZ0H8][
M9^@S^5?'VF>(M>_;^^/#:9<7UYIO@RP#7+6D#[!';*V%+#HTTA(Y.0N3@<<]
MV89Q##JG&E'GG4^%+2_FWT1A0PCJ<SD[*.[/K_\`X6SX5-W]G_X2;0#/G;Y?
M]H0[\^F-V<UO0S+<1+(CK(CC*LIR&'J#7FD7[&OPQCT(:?\`\(=I+1!-GF,A
M,YX^]YF=V[WS7SQ#XRU?]A7]HM?#@U&]U#P/?M',MM<.7\FWE8KO7^Z\;`@X
MP&"\C)!&&)S7$8/EGC8+DDTKQ;?*WW32T\U]QI3PU.M=46[K6S6_XGV?)?0Q
M,ZO-$K1C<P+`%1ZGTJ17#J&!#!AD$<@U\K_\%*OA6-3\.Z1XSM%RUFPL+YD/
M#PN<Q,<=0'R,_P#32O6?V-_B)_PL?]GK0+B23S+O3HSIUSZAX?E'YIL/XUO1
MS9RS">`J0LTN9._Q+TMI^.S,YX:U!5XN]W9KL>GNXC4LQ`"C))X`IL-Q'<9*
M2(^.NT@XKS']LCXBM\.O@#K4D+E;_5E&EV@7[QDF^4X]PF\_A7@7_!-_QC/X
M1^*'B#PA?B6WDOX?-2&4$/'<0$JZ$'H=K'(_V*SQ6>0HX^G@7'X]W?9N]E\[
M=RJ>#E.A*O?;IW[GV=3'NHXI-CRHK\<%@#R<#\S3R<`DGI7RQ\$M*/[2?[8'
MB3QU<9FT#PI*+/30<[)9%!6,@>PWR?5TKLQV.="=*E"/-*;M:]K)*[>SV,J-
M'GC*3=E%?\,OF?4^<#/I7&:W^T=\/?#6H-::EX\\&V%VG#0W&M6T4B_56<$5
M^>O_``5!_::\:_'W]LC2?V>O"&LW7A_19KVRTS49;65HWU"YN=CMYC*03#%&
MX.S.&8-G.!CZ_P#AK_P2_P#@9\-O`<6A+\._#FLYA$=S?:K9I=WEXW>1Y'!(
M8GGY<`=``*ZU4<FU%;$."BDY/<]7L_C;X,U&!9;?Q=X8GC;H\>JP,I_$-6SH
M'BG3/%=O)-I>HV.I10OY;O:W"3*C8!VDJ2`<$''N*_'?]O3]F/P%_P`$^?VT
M/#MVGA33/$OPV\46_P!NGT'4%:7[-&)/+N(XI,AU*@J\;$Y!.TY`K]3?@'\&
M?AQ^S%\*;H^!-)LO#7A6^W:[/Y4LKQ-NB4F8F1F('EHO`XP.E$*C;::V'4@H
MI-/<]`UC6;3P]I=Q?:A=VUC96B&2>XN)5BBA4=69F("@>I->4?&+]O#X8_`K
MPEH'B'Q!K\H\.^)TWZ9JUE8SWMC=<9"B:%60,1D@$@D`XS@U\YZ'\4V_X*<>
M)+[PG\0_@5X]C^'3:A*WA_Q'!/<Z="L(.$EN8W>/<S!<@J)`N[&T')/OGPE_
M8&\&?"_X":W\+;F?5?%?@+5IGEATS6Y$G.G!^72*155@/,S(IZHQ)!%/G<OA
M$XJ/Q'H?@KXZ^$_B!8>&Y]-URR=O%VG#5M(@E?R;B_MB%/F)&^&(`9<C&1D9
MQ76U\D?M>?\`!-H_&'X+?!SP;X7U2]L#\-M5M;9-5>X$=[;:8(O+F='7!,VU
M(L;<98`\#-=U^S[^VOX>^)/[3WQ!^#D):+4OA]Y,5C-+.TLFJPI%&MPQ9N3)
M%,2K$G)!!ZY-"FT[2$XJUXGR5_P<5JWV#X6MAMO_`!-!G'&=MOQ]:^^_V9!C
M]FWX>CT\-:=_Z2QU\)?\'%O_`")'PL_Z_-3_`/1,-?9_PU^(^E?!_P#8I\,>
M*=<N/LVD:!X.LKZ[DZD(EG&Q`'=CC`'<D"LXNU61I/6E'YGIVIZI;:+82W5[
M<P6EM`-TDTT@CCC'J6/`'UKFO#?QZ\#>,M8&G:1XS\*:KJ#':+:TU:WGF)SC
M`17)_2ORU^$5IX[_`."U_P"U%J7_``ENM:GHGPU\.`7D^EV<A$-G"S$0VZ#[
MK7$@5BTK@D!6P`-JU]IZA_P1I_9ZNO#:V%OX*FTVZC0+'J=IJMTE]$PZ2*YD
M(W=\E<>U5&I*6L5H3*G&.DGJ?)G_``<0PJGQ/^'4V,2-HM\I;U`EC('ZFOTO
M^"5D^F?!CPA;2*JR6^BV<;*O(!6!`0/;BOQI_P""KFA>-OACX[\/_#SQIJMQ
MXGC\(:?<-H'B&YR;K5=-N'!C6?UFA:-XRP^\`IK]H_AJI7X<^'P>2--MQ_Y"
M6II.\Y,NJK4XFU11170<P5\2^#H$N/\`@I5<B10X76;M@",X(MG(/X&OMJOB
M/P5=QI_P4HN7+?*=:O(P?]K[/(N/SXKY3B?^)A+_`//V)ZF7?#5_PL^W*^5?
M^"HP_P"*>\&GN+JY_P#0$KZJKY2_X*D2$:)X+3LUS=D_@D?^-=7%?_(JJ_+_
M`-*1EEG^\P^?Y,ZCQ%<R>'O^";Z/`S[V\-0)D]<2[%;]'->-?L,:+X^N6\17
MG@>X\-6X1H(;TZM'(Y?AV0)LY`Y.>?2OIKX<^"(/B3^R%HF@7+%(=6\.0VQ?
M&3&6A`#?4'!_"OF?]E7XBS?LF?'+5_#7C)&TVWU$+;7,K@[()$)\J;/>)@S#
M<..0>QKY_'TE#&8*O6;C3Y%&Z=K.SZ]+W7RN=]";E1K0BKRO>W=7/HK^S_CK
M]GW?VE\-/,_N?9;O'Y[J\H^.'[('Q6^/&KV^I:WJO@Q[NTMS;1"V\Z%=A8M@
MY4YP2:^L+&_AU.TCN+::*X@F4-'+$X=''J"."*Y/XB?'?PY\-=7TS2[V]6?6
M=8NHK2UT^W(DN79V"ABN?E49R2<<#C)XKZ+'Y3A*E&V*JR<--Y:>7_`."ABJ
ML9WI15_0L>,/AK'XZ^#]WX6U%UE^V:<+-Y<<"0(`)!]'`;\*^9/^"<WC2X\%
M_$;Q)X%U/,,]P6FCC;C;<0'RY5'U7!^B5]B5\3_M<Z7<?L]_M9Z/XVT^(^1J
M3IJ.U?E$DB$)<1Y_VT(/_`S7'Q!'ZK4H9E#_`)=OEE_A>GX=/-FN`?M(SP[^
MTKKU1ZY\6(!\;/VN_"GA3_6Z5X)@.O:FN,J9B0(4/K_"?HQKRC]K72YOV=OV
MLM$\<V,;+::I(E](JC`9TQ'<)_P*,@_5C7L7[$FCW/B#0O$?Q`U)"NH^.M3D
MN8PW)CM8R4B0'T!W?@!4O[?/PW'COX`WM[%'YE[X<E748R!EM@^64?382?\`
M@(KEQN#EB<MJ8Z*_>.7M(]TH_"O_``%7]6:TJRIXB-%_"EROY[_B;7[5'QAC
M\`?L]:AJVG3>;=ZW"EGI;1\F62<85E^B$L/H*T_V8_A&OP4^"^CZ*R@7QC^T
MWS=VN)!E_P#OGA?HHKYG_9=U74?VD/%W@+0-1C9]&^&=O)?3LQW+=2;\6P/^
MZ-HQZ(U?:]>EE%?Z_5>8-:**C'\'-_?[O_;IS8N'L(JAUO=_DOPU^9^4O_!2
MKX7:[^R5_P`%%O#OQS.EW>H^#;[5M/U.6X@0NMO/"$CFMW/\+.B%T)P&W$#E
M37Z5^`_C]X*^)W@JW\1:'XIT/4-'N8A,MREY&%1<9P^3E".X;!!'-?$?_!;W
M]I37_`GB+P#\/5N[W2?!'BI6N_$=S9K_`*1?6R3QI);JV#@+&68@<L2G88/0
MZ%X,_8&N]-LE@?X4.@C&W[1>LDLHV]90[!F;U\P9S7M1ERSDD_O,)+FA%O\`
M`^<_^"BGBM_^"F?[=/A[P+\+Q_PD-EX>M/[+EU.U!DM4:27=<W#2#@0QJ%7=
MT9E8+G(S^BW[4^I^)_@=^QKKS_#Y;JY\4^'])@M-%6.T%W-+*K11(!$00[$'
MH1CFH_V=/B'\!]"T]-#^&&M_#:S29@HLM%N[6.6=AT)12'<^YR:]9U_39=9T
M*]LX;RXL)KN!X4NH,>;;,RD"1-P(W*3D9!&1TJX0W=]61.>RMHCR?]C31_BE
MI/P_,GQ@\6Z?KGC+4$CNGTNSM;>"/18CD*A,8!D<D'<Y^7*X7."3['7P3\!-
M=N/^"7'PL\5>(_C#J-_X@\;_`!`\=)I,%U<7?FW.JVD;K%'=;F)(B6-IIB.`
MN0N`2*^X5\<:._C$^'AJ5F=<^Q#418^:!.UL7*"8+U*;P5R.`<9ZBJIRTLR:
MBUNC5KX;^'WQZ\+_``W_`&Z]!^&?PE\#7$-AKFL7EQXT\876F3R2:G/Y,\K1
M)<2+EE$H!+D[,_*@QDU],>)_VA=,\2V7B#1?A_XE\#ZGX_T>5[4:1JNI&#R[
MA2,QRHF95Z\$*1R.U>;_`+%NN?M#?$'XB^*-5^,EKI/A31M);[!I>AZ9;QF*
M^E.&:Y\\L[O$JX5<,NYF;(&W%*;NTD..B;9\S?\`!Q9?,=!^%MK@;1+J<V>^
M?+@&/IS7H_\`P40UFYTG_@C;H<=N9`M_I/AZUG*DC$9%NQS[$J!SZUY5_P`'
M$M[YFH?"VS^7_4:G+_M?\NZ_E7TYXJ^"LW[7/_!*;1_"]H\1U/6/!FG3:>WW
M4^U0P12Q#GH"\84D],DUDTW.:78VNE"#?<\A_P"#?31X+?\`9[\=7ZHOVJ[\
M1K#(^.2D=K$57Z`NY_X$:^_:_+3_`((7?M$6GPE^(WC'X3>*G.AZGK5VMU80
MWO[EA?1+Y4]JP;I*55"%/7RV`YQG]1[V]ATZSEN+B6.""!#)++(P1(U`R68G
M@`#DDUI0DN1&5=/G9^77_!Q-96J^+_AG<J$^W2:=J4<A!^8QJ\!7/MN9\?4U
M^F'PX_Y)YH/_`&#K?_T4M?C%_P`%>_CR_P"TQ\;8/%6DQ22^`K"WN/#_`(?U
M+&(M8DMF#W<T7]Z,22J@8<$)QWK]G/AJV[X=:`?73;<_^0EJ:3O4DT555H13
M-JBBBN@YPKS&S_9%\&V/Q4/C..'4AKIOGU`R?;7,9E8DGY.FWD\5Z=16%?"T
M:W*ZL5+E=U=;/NC2%6<+\KM<*X7XS_LZ^&OCTVGGQ%%>S?V7YGD""Z:$#?MW
M$[>OW17=455>A3K0=*K%2B^CU0H5)0ES0=F9WA#PM:^"/"VGZ/8B066EVZ6T
M`D<NP1%``)/4X'6L/XJ?`SPM\:;!(/$6E0WKP@B&<$QSP9_NNN&`]LX]JZVB
ME/#TIT_8SBG':S6GW`JDE+G3U[G@ME_P3\\.:,QCT[Q3XYTVS8Y-M;ZH(T]^
MBUW/PJ_9=\%_!V\-[I6E^?JK?>U"]D-S='U(=ON_\!`KT&BN.CD^"HR4Z=))
MK;3;T[?(UGBZTU:4F%<;\9?@/X=^/.E65GXBM[B:/3YC-`T,[0NC%=I&1S@C
MM["NRHKMKT:=:#IU8J47NGL90G*#4HNS,_PGX8L_!7AFPTC3XO)L=-@2V@3.
M2J*,#)[GCD]S5C5]*@UW2KJQND$MM>1-!*AZ.C`JP_$$U8HJU"*CR):;6\B7
M)WOU.)^"_P"SYX:^`=G?P>';>YA&I.CSM/.TSMM!"@%N@&3QZDUVU%%11H4Z
M,%3I148K9+1%3J2F^:3NS\]?VI_B%-_P4U_:NO?V?/#-AH%IX=\&-)=:YXIO
M;(7=]:21,J2K9`D",[V6+=SN.[/RKSWGAO\`X(2_`[2=,2&__P"$PUFY`&^X
MGU=H2QQR0L2JH!],'ZUX%X<OKS_@E;_P4Y\4>(O'&GWT?PX^(LMW%;Z_'"\L
M$,=Q.MPC,P'WXI!L=/O;3O`(Q7Z,>&/VC/`'C301JFE>-_"FH:>4$AGAU6!D
M12,Y8[OE_'%9P49-N>YM-RBDH;'YW?M]_P#!%WPO\%?@EK7CWX=ZOK2OX8A^
MW7FEZE*MPLL"GYVAE"JZ.B_,`V[(4\@XKW+_`((@_M$>)?C=^S=K.E>);Z[U
M:?P9J:V%G?7,ADFEMGB5TC9CRQC.Y022=I4=JJ_\%#/V[-!^)WPXUCX-_".5
MOB1\0?&L)TQX="(NK?3+=\"6269<Q@[,@#=@9+,0!S[-_P`$Z?V16_8R_9JT
M_P`,WLL-SX@OYGU/69H3F,W,@4>6A[K&BH@/?:3QFB,4JEX;=0G)^SM/?H=A
M^TI^R=X#_:U\'+HOCG0X=4B@#FTNE8Q7>GLP`+PRK\R$X&1T.!D'%>1_M"?\
M$YM6^+OQ:^'_`(U\/_%37/!VO_#W1X])M+M-.CO)KO:Q)DE)D0-O!PZ%2K<Y
MZXKZBHK>4(O=&*G);,^>_'__``30^&7QG^-^F_$;QOI2:_XGM;"&VO(T!MM.
MU&>,86YD@!)+@?*%+E=H4$-@&OH"TM8[&UB@AC2*&%`D:(-JHH&``.P`J2BF
MHI;(3DWN>,?M5?L$_#S]LO5-%O/'%KJUU-H$4T-I]CU"2U55E*%]P3[QRB]>
ME>E?"_X<Z;\(?AUHGA;1Q<+I7A^SBL+03RF6011J%4,QY8X`Y-;M%%E>]@<G
M:QX#^U!_P31^%'[66O\`]M^(='N].\1D*&U?1[G['=R[?N^9P4<C`PS*6``P
M1@5RNB_\$F_",EC;Z=XI\?\`Q<\<:!:L"NB:OXGE.G2`?PR1QA2Z^Q;!KZHH
MJ73BW>P_:22M<\$_:"_X)J?"?]I2Q\.6>OZ->6ECX3LGT[2[32;Q["WM87*D
MJ$CP.JBO<M&TJ+0M'M+&#=Y%E"D$>XY;:JA1D]S@59HJE%)W2$Y-JS"BBBF2
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`%+Q!X<T_P`6Z3-I^JV%EJ=C
M<#$MM=P+-#(/1E8$'\17CNK_`/!-;X":[J;7ES\)O!33L=Q*:>L:Y_W5POZ4
M44FD]T-2:V9Z5\-O@UX2^#>F&R\)^&="\-VS`!H]-L8[8/C^]L`W?CFNEHHI
<@V%%%%`@HHHH`****`"BBB@`HHHH`****`/_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>60
<FILENAME>emerson.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 emerson.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``(!`0(!`0("`@("`@("`P4#`P,#
M`P8$!`,%!P8'!P<&!P<("0L)"`@*"`<'"@T*"@L,#`P,!PD.#PT,#@L,#`S_
MVP!#`0("`@,#`P8#`P8,"`<(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`S_P``1"`"6`&0#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#]_****`"B
MBC-`!17)?%WXPZ3\&/"SZIJTOWCLAA!`DN'_`+HKYL\:?MZ^)+Z?;I5O8:?%
M+_JQCSI/Q/3]*B52,=V:1IREL?8%%?)GPU_:A\7:EJ4::E<(T1;DLFVO6O"G
M[4NDWM\MAJ)6VOF<JN'RK?2G&:DM&$J<ET/6:*@T[4(=4M5FA<.C=Q4]49A1
M110`4444`%%%%`!4%[=QV-I+<3.(XH5+NQ/"J*G->6?M;>+&\,_""]C20PMJ
M'[DN#AE3&3_A^-#8TKNQ\+_M>_M)7'Q>^/CQVC-<6%D&@MHV;$<('\7^\>M:
MGP,^%.JZJ&N;FYC:1OF5G'^KS7@GA9Y?$?Q<O'CCW)%/T]LU]K_"O3UM-*C8
M1R>:X7@_=KY*KCIU*KMLC]`PN4TJ>&C*:U9JR?!1-2%J\]RSS6WS!XQMS^5<
M7\2/A@?"5[:ZBLDJ%)?OC^&O>=&T]/LJL7R^W^&LOQOX8'B'0KBSD3.Y<KFM
MO:2YDSCG0A9QMH='^SOXUE-U#IMY*LAO+<2P,#D,1U'Y5[%7S?\`#G37\->,
MO"<:`[5<IQ_%P17TA7TL)-Q39\=5CRNR"BBBJ,PHHHH`****`"O-/VJO`S>,
M_A'J31[?/LH7E7(W<8YKTNLGQE-%;>#]6><JL"6<S.3TQL.:'KH5'XD?DU\#
M-8\*7/BV[M/)N(KU;AB)S<HIE.?1B/ES7UG\)_'EE\08M6T:P>.35M!>,SQJ
MZD;2,CD>U?$?PV\)Z9HL^J^)U@LKQEGE9DN8MVT;CC!->L?\$IG36-6\?:]:
M1"WCU'4,L%.!P,#C^[7Q#KQ<E&*]3]4_LZM&BZDYMJRM=]3ZBTSXN:D;,VVF
M:1!=W(?#`SJKKSS7::;KDNKZ!]HN(7@E5?G1A]VO/])^#VB)XVN+];2VNKMR
M9$8.0\#-UXKO+K33IF@/;ACN"_*-VZNGVCY5<\JIATJFCT8O@>XEN_'>E78'
MF)!-Y03TR,;J]YKR'X%:"MQK9NC&H^SQX8@YR_3/Y5Z]7T6!G*5+FD?)9M"%
M.LJ<.BU_KT"BBBNP\L****`"BBB@`KEOC)H-UXG^$?B?3+)MEY>Z9<0P'T=H
MR!^M=3FCK0RHRY9*78_"N[TC6O\`AD[7;JSFF+P7,MKJ$:@^;:E20W'7UKV+
M_@D3XLU+0/AW/8"73;ZPO)\BY1OWP'3YA[5Z+_P45_9WU+]F;XA:MXKT&SEE
M^'WQ!F`UA8EW)H]X3RY'9)"<Y]<BN._87\`P:%:SH%MHKB&]/F2VS%!.O\).
M.M?%RHNA7Y)_?W/UVCBHXS!^T@]++3LUT/K#XEWMCHL]AJ%G>RVNJ1-L$D:%
MUN!_<DQT'OVKJM.U4ZYH\=S+N4R("P/1>*K7&CV']AS1+#!''*NYV4?>;W-8
M=E+<ZD(=-L!)+*[+&-M:57^\:CU/)C*]+WWK'KY?U_P#VKX!FTF\*3S021O.
MUPR3!6W-'CH#Z<<_C7?U^1'Q2_X*97O[$O\`P4XUZTLE.K>![>VM=(\1V2-N
M$DRC<UQ#_P!-(RQ4YZ@8-?I;\!/VM_AQ^TUHR7?@CQ?HVO90.]O%.JW4.>SQ
M'#J?J*^RCA:E*E%-=$?GF*Q$:U><XOJSTJBCVHS4F(449]Z*`$3[HI<TU?N&
MOEG_`(*>_P#!3_PU_P`$V/AIIU]?V?\`;WBKQ$[QZ/I(E\LR!1\\KM@X1<@=
M,DG%5%.3L@;/IS4]2M]%L9+J[N(;2VA4M)+-((XT'JS'I7QC^UK_`,%[/V>?
MV4X[FS7Q._CGQ!#\J:9X>`N3N]&FSL'/7DGVK\._VVO^"LOQE_;4U*ZC\1^*
M[RST*9V,>BZ<YMK*->RLJ\OCU8DU\MQ2+Y[.S`'N<_=_VJT<(Q\_R%>Y^O5_
M_P`%D_B1_P`%*?BS;>!8;'3/!G@;6XIPVE0_Z1<WH2,LOG3$=-P7A0*W?V7/
MC)KOP.U:YT+4[!Y$^T!9/.&UX#GC']Y?>OST_P""=OQ.D^'W[</PRU?RO-TZ
MWN&@O$/W?*E782?S!K]K/VS/B%\`?A5X%F@\3^)-,TGQ1>6ADTR&%//OX]P^
M4LB\^7GGYL>U>9F&"^L/G@U>/0^@R',JF'G[%)M3[*[^[J>E^%YM<^)EE910
M$&*ZVX6(=?>O4OB#J.B_L;?L\>)/&^K/$\^@Z?+<AG(&Z7;\D:Y[L^!^-3?L
M8^!=$\-_`/PU=:%J9UZTU&QCN!JSG<]X&&<C^X.VWM]:_/O_`(./OVJ9G/AC
MX2:7>[(&;^UM9CC?_68XB1O;.3CUK3+\L49J4]7^1S9MF\JB=.GI'\6?FGXS
M\9WWCWQ;JWB'4I7GU'6KR6]N9#_$[N6/Y9Q7`67CC5O`OC)]2T+5-0T?4[:3
M?%=64[03(?7<I!_.M3^W1<V<HW;957\JXW6IHY-;F*2"42X&0>^.:^FJRNE8
M^8INS;/O7]DW_@X2^,_P.-KIWBF6T^(NB0X5DU']U>H@XP)E&6^K`U^BO[.O
M_!P%\"_C5/;V6NW.J>`M3GVKMU6+=;,W?$J9`'NP%?SUHK1W#-_=XKHM++%%
M)^8'KGI7,Z$9[HZ77MYG]7GA#XF^'/B!X?M]6T77='U?3;M=T-U:W22Q2#V8
M'%%?RSV/C^_T"V6VM=3U.UB3GRX+AT13[`'%%3]07\S%]:78_JV3J:_G`_X.
M4_C5+\1?^"E.H:2D[M:>"]*M]+1`V8U=E\US]<M@_2OZ/7D$4;.Y`5!O)]!B
MOY(/^"C?Q.D^+'[;7Q-UR6X^T"_\37GDOU_=+(53_P`=%<E+9LWD]4>.3WP3
MECUJMJ3!>?XF6FW7[R-^YVU5U"ZWVD3==P%*>S!,^U/^"9GP@A\;Z7XG\4W&
MT1^'S;Q1,?[[<_TKK/AAHL_QT_;"\47FO,VH7]W>E4N)5,OFJGR+&I/"@#`Y
M]*S/V(/'UM\(O^">_C?5Y759KS6$C0'_`):%8\@?F:WO^"<.J0ZE%K<VI,\E
MQ).MW%(?E_C#=?K3]G^_C9]%]_\`6Q]1PM"\YU9Q3BKWNKV6EY6^THMIR6MX
MW=M#]IOV*O`VK_L5_`+6-(\57EN=#LR^J:7M?Y;%&3>]O_WUE@?]HU^$_P"V
MM^T'/^TE^TWXQ\97$[S07MV\=F6;[D*'"X_G^-?J+_P6@_:[;P/^R18Z-87/
ME:AXHM(;951MK*K*-[?E7XJ:I=+:611CD!=N/ZUVT8^\Y'RF.KRJ5'.I:[;>
MB27R2LK=O(S=0O&N9?)W-BXXQ_%4=A;[I65?FV_+Q61_:$D"LP=GFFRD1/\`
M"O<UT>BV9L]/09))YK:*N<4W8D^P_,K592]&FVLL\G^KA7)^M/MR'M_]K=6?
MKHWSZ=9'C[;-N?Z)S_/%;6LKHS<K[G:^$8%CT&%Y^9KC]ZV1GDT4^WF,=O&I
M["BNA))6.5RNS^GO]IOXBQ_"']G7QSXGE&4T/1+N[QZE8FP/SK^/?QKKS:]X
MRFN&;<US))-\W\6Y\_UK^HW_`(+C?$T?"O\`X)A?$V^#*KW]I'I\8S]\RR*I
M_3)_"OY4H[[S_&"(<M^Z-?/1TAZL]S=W-BYG$:N#][;65.VVRB)["K%Q-O=A
M5&9_,TM/]EBK4Y+H-/J>M6_Q.N;#X):/X525Q97%VU_,F>^-HKZ$_9+\2/H_
MPGO+19%@U`W,?DR'^*,N*^3<K)IFB9^Y);LF?[K9KUBY^(+>$?@WIB0-LU:*
M<*`/O,N:3E:JV^VWR6WX-'V.05%1PWM;\KC=J6Z3NTG)=8O6$_*2/H[_`(*@
M_M)+\;/C];Z5:7/GZ1X1L8K-,-E7FV+O;\,8KY2\1:D+AW#-B.,;F/M3[G69
M;AIIYW:6YNW,CN?O,Q.36!JI:^NXK9?F5FW2M_>]J]./NQL?`U)<TVUL6=!B
M;4[I99!C=]T?W1V%=DY$$*Q\UE>';)(I%7Y1MJX9&N=7*KN\M>];P5D8R>I?
MTV/=\O>L36=1%U\6+2T!.+*VW?B3_P#6K<200SD=MM><>$/$G]M_'34ANW8?
M&?\`94`?SIS:5EYD15[OR/989AL'6BJGF`=3^M%;&%O(_7/_`(.O/BZ/"O['
M'@WPI%.T5QXCUW[1(@/^LA@C.1_WTZG\*_G7T[4/^*[@#-QROZ5^T/\`P=\>
M/?M'Q8^$?AP/S8Z7=WS)_P!='"_^RU^'FJZDUAXBCF#8\MP:^=F[1B?01UN=
M]/<*LC#_`&JI6UQNDO+9N6&)5JNURS.K'YL\YJ#5+C^S]8M+CD+)^Z?Z&J3T
MN9R['?V<XG\':9&W#AY`I_VN#6Q_;S>,O$=D&&U-,@_>#MOZ"N4O)C%X(M&5
MMK6]X67_`+YK6\"W(M]"N+^8X^T-O_#LM:N/-72Z63^[_)GHPQ?L\NDHO5MK
MTONGY-6_[>1T.LZO]FVH.9&^XO\`=_VJ32]T4\19LF45SEA?R:G?//)G<S=/
M[JUUMA;;'B?[YKT$KGS\G8TK9`'W`,U:MK*VX#9MQZFL47#13KR<$U=2\8ZD
MP!+(M;K0Q:N7]5U#['9RRR;?D6O(/V>+O^U/&VM7[?\`+6=]K?C7;?$3719>
M&[V3=AHXF_E7G/[*L^]+M]W+R;JQJN]6$?5FL(^Y)GT)#.#&/FHJF;CY5^;M
M1798Y+,^C/\`@Z@^)L7CC_@IFVDP7"S+X4\-VMC*JMQ%(Y:4@^^&'Z5^4GBN
M0O.WO7V5_P`%E/BI%\8/^"F7QFUR"3S(#X@ELHW[,MN!"/\`T&OB_P`32?OF
M:OG*RLK'O0?4Z?PYJ/V_P];O_$HV-^%3^)HVNM)5ESN6N=\`:A_Q+KF'G*ON
M6NFW>=8[6]**7O)IBFM;EY=??7_`NG6T!+7-U=I%@?>ST->C:OI2Z1X>CLE'
MS1H-U>8?`^R,GQ.CA=MT<`>X4?[6,5Z=XDU%QYRM&P9ONDUW89WCSO?;[CEK
MR=U'HM?O,_P7&#,ZM_`U=G;O^[7WKD_"4.V<\<FNFC)Y]JZX+0Y9N[+G#;=U
M6D_<JS==U9ZR=JE^V?NV5LUH2>??'V_EC\(7+!B`WRUB?LGMFSF9L]:C_:?U
MJ>+18K:('RS\SFI?V6!Y>D2R=6-<DY?[4EV1T)-4&_,]P>[7=_%16:EYYB@X
MHKOT..R/#_&'B2[\7:[?ZC?S27-]?S/<3RR'+2NQRS'W)KSSQ7^[9L445X-;
MX3V:;W(O`ERWVBY!Z;177:;<^9$R$9HHJ,/NBJNQJ_!L^3\5)F'5;9C_`"KT
M#7+IKJYPU%%>AAOX?S9PUG[Y=TN(6L"D=36M9L2I]J**ZET.=[EA.E9FJ7;0
M[L445H]F(\<^/GB2>\T_[,X78IZ_Q5L?L[7'D>%RZ;@P;!HHKSX.^)U['8TO
28+U/6(+YA$****])-G%RH__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>61
<FILENAME>estey.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 estey.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``(!`0(!`0("`@("`@("`P4#`P,#
M`P8$!`,%!P8'!P<&!P<("0L)"`@*"`<'"@T*"@L,#`P,!PD.#PT,#@L,#`S_
MVP!#`0("`@,#`P8#`P8,"`<(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`S_P``1"`"6`&0#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#]_****`"B
MBB@`)QR3TK-OO%NEZ6BM<:E90AC@;IE%?G/_`,%X?^"B.N?`+3;#X;^#[Z?3
M-3U:`76J7D#;91$20L*$<J6P22.V!7XZ>+/VO?'>FI;PV?B/5$D!;Y1<N57Z
M@FLIUHQ?*]3JAAG**DS^I";XO>%;35(K&7Q'HB7=P<1PF]3>Y]AFNC5Q(@93
MN#<@CD&OY6_A?\=O&&LSQWMYJ$]Q,&W!C(VX^N3VS7ZO?\$:/^"GM_X[^(4/
MPL\67WG0W$1&DRW#EI(9%Y\HN?O`\XI0KQD^79E5,'*,>=:GZD4445L<8444
M4`%%%%`!1110`4444`?AQ^U?\'=7_:I_:D^*'C#Q1.EC!#XN;PYI$'5O*MU"
M[P#_``X_4UV/A'_@FA\/Y-$^SW>FQW;W<1#32<-N]>.E=Y_P4+A;X8?M)R:7
MIME&RW^J2:N+B^G^SP9E`W;#W^8$5O?#[XOV7B6P.GS>7#J-A#YLWD2>;%R>
M/F';BOE\TTQ$DG9'Z7D$8/"I\NNO1;'E&C?\$E/"O@BQDN+2]DFM[AOFB9<L
MJ_[)KYPU/X)W'[-G[=OA=_#=Q<2O)JEI/8Q$D,S>8/DS^?YU][Z1^TU%KK/;
M0MHIMX'\H!;AC)*WL"*^9/C#X=UOQ[^WCX!U[PK87.IV>C7,%[??*4A@6&4,
MX+$=QQQ4X2IRUHMRTT_-%YG153"RC&"NGI9>9^X-H[R6\;2#;(R`L/0XYJ6J
MMA?IJ=A;W*'*7"+(/H1FK5?5L_,GH[!1112$%%%%`!1110`4444`?GS_`,%=
M/"-GX]^,?A#3M4L+9[:WTZ6:"4KEG);Y@1TXP/SKYI_8`/A^WU+QM#'<P1-'
M<`)`20ZQ`GG;VYS7V;_P5M^'-Q>Z1X9\7F1X=,T=+FQO)XQ\UL90#&Y_V<J5
M^K"O@O\`8Q@U*RU[4'\O2DCFN`4N&5O-==V06]:^9S./^U7ELTO\C]/X<J0E
M@(J"5U>[^9]:>%='TG66U#2[.#3;18C]M6.6)5>3_:0G\:J^%-&N]5^($=KI
MP_TF\9(0@4!9%+@,*9J_A6[OKJWO+Z:V\RVDWQ/;J591W&<\@^E>R_L5^$;7
MQ/\`%B^U1X"T6B6P6)C]WS&.-WZ&N:A252LJ?3^F=F,QL</0G5MLK_/]3ZKT
MC3ETS2;6V'_+M$L8_`8JY1FBOK[GY*W=W84444""BBB@`HHHH`***^5?VTO^
M"POP3_8>EFTWQ#XD76_%,8^70M'Q<W>?20@[8NN?F(..QJHQE)VB@/=/VB/!
M>G_$?X$^+]$U62.+3]1TFXBFD?&(AY9(;\#@_A7XO_LH_'RTT#6'T6YLI9KV
MSF,,+JH*RHK8S^0JC^UQ_P`'$7B[X^76D>&K'P]!X,\"ZOJD4.JF&4W&HW-H
M'!8;^`H/&0!SR,U+\-_BG\,_A1^T*IM=6G70)46?5+Z6$-!9QL,J0>H[9KCS
M/+G4IQE=73M9ON?2\,XV<:LZ,$VK.3LKZ1W_``/L3PUXMO?'VHI;V%C,[2C:
M%*_*G^U7AO\`P4%_;YOO^"<'Q.^&]IX5O6O_`!5!=_VMX@T])BMM=614I]FD
M`ZELDJ3T(!KZX\8_$'P_^SO^S[K/CJ`V1TW3-,?4H90X6.Y!3,?S'KNXQ]:_
MG@^.OQUUW]HCXLZYXS\0W1N=7UVX:>0GE8TSA$3^ZH7`'TKT,'E,,%%SG[TW
MIY+O;_-GCYCGU3'3Y*5XP6OF_7_(_J#_`&.?V^_AK^W'\-+'Q!X,U^R:YGC7
M[7I-Q,L=_I\O>-XR<\'/(X->XU_'IX)\;7WA/58KW3;Z]TZ^@<.D]M.T4BGL
M05/6OL;]GG_@MS^T'\`Q;0Q>-9/$NFP?\N>O(+L/]9#^\_(UM]64M8NWK_F>
M>ZB1_2+1FOS+_96_X.4?AOX\LK>Q^*FE7G@G51A7OK1&NM.?_:.,NGTP:_1[
MPGXLTSQ[X8T_6M&O[?4]*U6!+FTNH'#Q3QL,JRD=00:YZM*5-^\BDTU=&M11
M168PHHK.\5:['X6\+ZGJ<F-FG6DMTWT1"Q_E1UL!^(O_``6)_P""[GCR3XT>
M.?A1\,=03PSX?\,W#:5?:I;9&H7TR_+-M?\`Y9H&RHV\\9S7Y0:7K%SXE\5R
M2W4DUU=7<GF37$SEY)&SU8GDUI_&?QY/\4OBYX^\5W`V3:[KMS=R)_=\R9FK
M)\!2;+Z24](%+&NY/516QE-Z/4]O^`_A&P\:^-+JZU$A;#3I8HM[KN5.22<?
MA7L7[//P^M?B_P#$>?1KJ99=,\47$L-]`,?NHD;"#V^4?I7D_P"S[JR^&O@W
MXHU>7YBDX1,_Q2,N%_G7HG['^LMX2^($.M.\:>4KR2R$\)\I+-^`S6>,E#VU
M"F^K3?WGU/"=&HJ.*Q2Z0E%?==_D>I_\%5_VG;/PG^RYX(^`5C>7DVI:))NO
MI4D_=2641(@1N^>GY5^=VHW'DLH!ZUU_QQ^*<_QL^-?B'Q+.[/%=7+1V^>T2
MG"C\A7#W[?:KK;_`M=6*J<\G);=/0^/HQY8HT/#]OY]SO;.*V=0N/L-KO/1.
ME1:':_9[=3CYFJMXFN3*]O"67YGWL/84DK1N-RO*QN:2SFP1I/F>3EA7[W?\
M&W'Q\N?B;^Q1?>$[Z<SW/@'56M+?)W,MM*-Z+^#;Q],5^"&GW7G6ZMAQCM7Z
M%?\`!N5^T%-\./VZ3X/EN)DL/'6F36Q@#?NVGA4RHY]P`P'U-.M'FIM%TI>]
M9]3]]Z***\LZ!%^Z*\X_:W\;V_PW_9:^(>N7"[X-+\/WLS+G[W[EN/Q)%>C?
M\LZ^2/\`@N5XXN/`'_!,+XFW=L^R6ZMX+$_[LLZ(W_CI-:4_C7J)NVI_+]N^
MU:;JMP,C[1>.^/3//]:=X5N?(L[MOXG&VETZ(/H,ZC.&N)"/PK,T:\VF6)FY
M9A6[WN9)71[7HNOB/X0Z5HD&YI;W4GO)\>B@*O\`6M?XG_$*[\`_"PV-N\D5
MYJ[&'/`^0C!_2O./`UV#K#H7#>7@\MMVU0\>^)W\7^+F4MNMK$;(\'=]:\NL
MY5L9_AM]R/N\/7C@<A;C\52Z^;_X!G6\?V.R6,'+5'8P_:KY5'S*K=?>DNI]
MTIB7[W\5:7AVTQ)N;^&O92N['Y^Y:&JLGV=57J%^6N3DU%M3\8R1MDBWX`K>
MN+@^:?F_BKF/#,GVCQ3J3,=W[W^E5-ZHF+W.^L7V*JYZ5Z]^PE\29?A)^VS\
M+_$,=TUD+'Q':":8'&V%I`D@/L5)'XUXQ97&)%6M#3=0;2]=M+I6PUI-'.&]
MT<-_2MO4(.S/Z_(Y!-&KJ=RN,@^HHKE?@EXPM_B-\&_"FO0'?#K&D6MVA]GB
M5OZT5X\G9M,[3J?^6=?`?_!R5XM7PU_P3(UJU8X;6-9LK8'Z.7_]EK[ZK\R?
M^#JSQ9%X?_X)\^'[)U!EU7Q9;1H?[H6*5B?T`_&MJ6DTR6[H_GUTC5#_`,(K
M/MZQRR;FK#TZ]*ZFHSG>!_.K?A%_M'A;4QRV9VV_E6(+HV=_;3-T5MK_`.[3
M<M(LBRU/2]+U2/2K/4IF9?-\H*@_VC6`NH'3K7'WKB=MW_V59UQJQN;R8H=T
M,>!_O-BK&D6;WUP)7^9FHHTK5)3MNSLQN.=2A2H+:"_%[FOIEJRL9#\S/]ZM
MNUD^SQ^]5;9!`@%3,V[^+-=ZC8\ERN03S?O6ZURWA.\\OQ%J&[M,:Z*[.X;N
M]<9X<N%'BO4HF?8YDW+4579Q]32"T9Z7I\PFF5MW%6[LEF9<\LI'Z5A:69H9
M%W+Q_>'W:VC)NEC?O6M]"4M3^H#_`()(^/T^)/\`P3G^%&H*^\PZ)'9,?5H2
M8C_Z#17E?_!O3XG35?\`@E[X.A9\MIU]?6I_"<O_`.ST5YE:+YV=BV1]NFOR
M(_X.\+E;;]DWX:N]Y$C?\)%(%MBW[R4^2?G`]!TS[BOUWK^>G_@[R\=ZGK'[
M8'@3P]/=@:)H7AG[;;P$X_?S3.'(^JHOY4XNUVNS_P`B3\NOA_>^5X7OMQZS
M?TK"NI6FF>(?,TC;5_&M7PF@M?`S3GI<R':/IQ63`V=9LV3AA<+_`#IR3M%"
MZMG9?\(W-H2P6MU;RP,L892Z[=_^U[UJZ<B0JH!KI?BQ\8-4^,G]C#5ELU_X
M1^R73[46\(BS&#GYL?>;/<US5JNT&N^,4CE<KEZ,BII)/_0:KQ@#%$\GWJTY
M22"]N/E917F=W=_9/&EXLA9=Q#*:]&NI@J^]>;^(+C[=X]DA01^8$"X/\5<N
M)Z/S-Z:U/3/!>IO/IZL)5F7IU^[7033<1G&/FKS[PC93:%K$3#S$1OOJ?NUW
M$\V]U!/6MHOW-29:,_>;_@W9U2>3_@GD$W-LA\37Z)]-D!_F3179?\&Z_P`.
MQ!_P3+T"]E!!U?5[^['N-ZQY_P#(=%85*L5)G1&Z2/T`/0]:_G(_X._=+MX?
MV\/!-S'=^9=7/A",36_>-5N)<-^/]*_HT5M^,G.:_F9_X.I?$+>+O^"J,VE1
M!GEL-`L+0,W\(8%\+_WUFN9*Z?I^J!;GP5+'_97PZTM.[1Y_,YKG].^;7[)>
M[3"MWQO=@16EC&V1:KL)'\6./Z5SMA-M\4:<-W/G"M9KWDO0CHSN)KUK*^96
M[5J:?<BY56S6+XF`\]F&[-,\.ZMY5QM9L@UV)V9@U<ZAIMM1F0L&]*AGN/+B
M5@-^_BF;IF;_`%?7_:K1NQ`V2)I&^;I7FGC/27T_QS%,GS23\J%;YEKTV1WC
MC9F1<^QKB1"=8\97<P`DDM-J^7_%CUKGKPNDC6F[.YW/AUF2&".X^=BO4UIS
MNS>8PR6&<?6J>GHL\*#^(K7;?`WX>/\`%GX[^"O"D+[9O$>MV>G[O0R2J"?R
MKHMI85[L_IY_X)4_"Z+X-_\`!/3X4:(L;02#08+R9&&&$DP\UL_B]%>Y>'M$
M@\->'M/TV)=L6GVT=M&%&`%10H'Z45X\W>39U7MH/AE.W/-?@?\`\':OP/M/
M!_[5GPO^(<#H+CQ3I,MA<0!,9DM6W+(3WRL@'_`:**Z(_$(_'^[=IKV9V8EL
M[?RK*BN6C\4V+9^[,O\`.BBA_J3'KZ'H_B%-]NS?Q&N8L+MOMFWTHHKKGN81
MV-Z\U:2RL(B?FS(@_45T$<X9<XZT45HGJ38SO$&HG3[&68#)4]*X3P-92W_C
M!K]IW$Q8EE'"FBBLJGQQ+ALST^"[*1,V.5KZJ_X(:>$;/XB_\%4OA39:G&MQ
G;6EU<:@%8=988'>,_@P!HHK6;T9,.C/Z>Y9V#GFBBBO.2.BR/__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>62
<FILENAME>gallagher.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 gallagher.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``(!`0(!`0("`@("`@("`P4#`P,#
M`P8$!`,%!P8'!P<&!P<("0L)"`@*"`<'"@T*"@L,#`P,!PD.#PT,#@L,#`S_
MVP!#`0("`@,#`P8#`P8,"`<(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`S_P``1"`"6`&0#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#]_****`"B
MBB@`)P"3VK@/&?QWL/#VHBSM8_MMP#M)#813_6J?[1OC^X\':':00^8BWK$.
MZ]2!_!^-?)7CKXXK\/\`Q9$EV[-)<CS%`_Y9K65:M&FKR.BAAYUI<D%=GUS;
M?&*^N2NZVA0MV&6K?T;XE07C+%=)Y$K=QRM>"_#_`,:+XHTB.Z2<;E^8'=PP
MK>U+69!'E'8-M[5$L5%*[-HX&I)V2/H**431AD8,K=".:=7D?PF^)%R+K[)<
M-NB7EP?X<]Q7K2N'4,.0U;1FI+FB<M6G*G)QEN.HHHJC,****`"BBB@`HHH.
M:`/%OVRK_P#L?PKIUZ^3';S'C^%CBOSP_:7\6K?_`+06EP-S"VG[F5?X<\U]
M??\`!536QX.\+^$-8O;NXATMK]M/Q&^(X[F09C=QTVX5AD]#CUK\^8;?Q/XZ
M^.5SJNF&.^DMG%MM;YO,0#[R_C7B9Y42H\OH?4\-T6JZJM75G_D?:_[-^HPO
MX.ACPS3(J\#TKU[4O$<5Q:&)(AE5^8@5\7Z)XY^)/P'USP_/JD.D7VGZM=_9
M[JWB!1]/5CA'#?Q]>1@5[A\5/'?CG0M=LK?PUHNFZQ838-S-+*8VCXZ@=#^=
M>/3K-1<&SZ2M2C.:JI63/5OAW(9/$LQC+-A-K"OH[3H_)T^W0Y^5`.>O2OE7
M]GKQ!?:QK22WELMG>3RQH(_7FOK$9P,]:^ERV2>'C8^'SF+6)D[?U9!1117<
M>4%%%%`!1110`4444`>0?MM?LNVW[87[..O>!)[T:=<:B$DM+S9O^RS(P96Q
MZ<8/L37YD_!+1]3^`/[4$7A#69H[^?P_'+!<31*=DQCX+_3'/XU^RN?SK\3?
MCY^T%:?#_P#X*I^-YIVBFL[;43%(A^[-$RA9%_#K^%>+G4(JBI];I?+<^HX:
MK5'5=/=)-_?H=M^T7\7;OQY\9?#T=AIM]>^'[6[C>ZEMAO=,-SN'H,=J^MM#
M\:65O:FX1)&T^=4\LR+\V/I7RMX-\(/X4^-%QKVC03:GX>\0GS8XX;C)C?O\
MI.-I]J^CO#V@G4%:XD,\-FJ?N[9\<'NM>#2:2<C[3%2?)%-:)?U\SU3X`^$[
MSQ3\3?[91"NEZ<<!_P"%GQT_45]&UP_P$\%S>"OAU;0W*A+J[8W,B?W-W1?P
M&*[BOK<#1]E14>N[]3\TS3%>VQ#:V6B"BBBNL\X****`"BC-,EF6")G=U5$&
M69C@`>M`#\T5\@_ME?\`!:KX&_L<&YL+SQ`/%OB>'(_LC0F%RZOZ22`[$]P3
MGVK\DOVWO^"_'QG_`&KTN](\/77_``K7PG-\GV7293]NN%_Z:7/##Z*`.<&M
M(TV]]`;74_0;_@K+_P`%HM)_9K^)7AWX8^"M32[U:YU"$^*]3LW$AT6T+#,2
M$<>:W?NJ^YKQS]H[]A2+]HV&+QGX9<SZ\X%P[HV?MT##/F`]VY_$5^1%WYM]
M<R37$DT\L[;I9)&+O(Q_B9CU-?KM_P`$)OVND^)O@>3X>ZQ*'U_P@F^S,CYD
MNK//&WUVG@^@(KMAA*&)I2P]5;ZKO?\`SZK[B%CZ^$JQQ&'>VC3V:??R*7[/
M_A_QO\'/$^G://82WIE/DQ><2%B./TZ5]=_"FTUO4_B1H%AJL$5JLEY&[QH^
M\L`<\_E7KOQ,\`>&O$GA=]7O;FST2XTU?-74'(18B.<-ZC_(KRCPSXGL-9^%
MGC?Q/X:U^UU?Q/IVF7)L8X#@P2(A*.%(S@D=>E?,T^'L1'$Q@M87WVT\UW]#
MZRKQ/AZF%E-W4K6Y=]7V?8^U?Z45^4_[$'_!R1H7BVYL/#OQNTA?#6H3?NT\
M0:<K26,C`X/G1_>CY`Y&1]*_3WP+X^T3XF^&;;6_#VK6&MZ5>H'@N[.=9HI%
M[$$<5Z\X..Y\M<VZ*,T5(!1110!YS^U)^TMX9_9#^`WB/XA^+[@V^B^';8SR
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M704DI)QEU/Z)_P!K3]G*#]NW]G?2-5\)^(;_`$[47M5U7298IV%C>I)&75)H
MP<,#T!ZBOG'_`((UZVWBKXFZYI/B:-4URR@GL8BDAV`*VR2,KT.>O\J7_@@U
M^VJWQ&_9%\2_#[4KPR>(?AS9S2:>7;]Y/9,I*X]?+;*^P(KB?V9_&\7P0^-^
MC>)IF95N-<6.\DSM!69BC.?INS7K1J<RNOD>7*/+[I^>G[5G@-?AO^TO\0?#
MYMC:1Z1XANXXH,?<C,A9`/\`9VFNI_9._;I^)G[&'BV+5/`GB6ZLK;>&N=+F
M8RV%X./E>(\=L9&".U>C_P#!;'P&?`__``4>\<,B[8-?AM=4A/\`?5H@"WYB
MOE.%BL9]Z\RI=3D>G3?N*Q_1/_P2N_X*R:3_`,%&-.UK2KW1?^$:\:>'8HY[
MJRCF\V"[A8X\Z(G!`#<%3TR.37V/7X.?\&RVHD?M]^*H&.3)X1E_2XB_QK]X
MZXZJ2>AM<****S`_GF_X.B_VS+SXQ?MB:=\(]/!CT7X8VR37C%<-+>W*!R<_
MW1'L`]\U^<6AV:65L&_BKZ-_X+.?M!>$?VEO^"BWC[Q3X()GT&\E@MWO!R-0
MEBB6(S+Z)\HQ^=?.MF?+B5F./[HKHBK,B3-2WFPWS-Q1#=;9O:L^&X\ZZ5!]
M[^*HK74!,[?-]QMM6V)G20RAU^M+Y@C7RF^8'[C?^RU0M;C]*N\3+M8T-7)Y
MCT_]CS]I/5/V3?CMIGBW2_G")):7D#,1'<V\JE'1L?7(]Q7W7XRBB\1_"N[O
M+-B\5Q"M[`XXR"=X/YU^8=M-B1H'_P!8O./[R^M?=W[#7Q+7XB?`N^T"Z>26
M^T$>5EFSOA.=OY<BNW"3W@<N+AM,C_X+.ZS%X_\`BI\*/&8G$ESXF\!6OVB(
M?\LWC8@_KQ^%?&Y.%^E>Q?MC?$-O$.K^!_#\P8W7A:PNK9G/\4;S%T_+.*\6
MO)&69PK*!66(M[1V_K1&V';Y$F?H5_P;+,%_X*$^(AW;PC/_`.E$5?O=7X#?
M\&T6HQV__!175(#N+3^$KE5)]1+&?Z&OWYK@JK5'4)N'K107_&BLP/XMK"`S
MRM-(W0YY_B-6-1U(V_RCYI6^Z/[M,@N@Q*IDI$OS/_#571XVU+49;EO]2K?+
MG^*NEZ:(ALTOM(T'1Y;F7.Y5+L:YSPMK;W,*-_%*VXTSXI^(/LNGK;JS'SF`
M;'\(JCX5D81KPK@=UJ9RUL@2TN>A:?=;HQ\QXK6M9/NUS&FW?W1TK;M;G<O)
MS6J9%BSKEM++;K+;MBYM_G0C^+_9/UKV#]A7XS1^%_BUILQE:.SU;.GWB,^W
MRV/3/T.*\D$V%7FL&[U6?P#XJ@U>`,MG<2*+H#_EG(#\DE.,^62DB7%231]!
M_MJ6RZ9^T^D:GB2QSC_@1KS&[G"2NV?FW;:ZG]H[QK'X_P#C%X9UB-]XO_#\
M<DA`PID4X;]17$7DQD9F^\6K2M+WY6%25HI'W%_P;O?$.#P;_P`%0M"M)EWM
MXCT>\TV(_P!UQ'YN?R0_G7]%%?S9?\$!O#S^(O\`@JUX%E\V.(:7!>W1#G!D
M_P!'9=H]^<_@:_I--<E;H="ZCGZT4VBL1G\5[227ZK:PC;#_`!$5I1[+&U6*
M,$[169#<>:0D32*$_NK\M;WPW\`:U\;?B7X8\#>'HYKK6/%FJVVE6S!/N-+(
M%.2.V,DGL!79%:D21Y1XI\4)<>+)5D.^W4;,5JZ-:?V;,DUN^ZVFY_W:^B_^
M"Y7[+O@W]E/]OW6O`'@>RCLM.\-Z-IL=Q&C%@]R;=6EE.>[,23[FOF#P?=RQ
MPJ(WW=FC>N5_'J7T/1-/N/-A6MBSDQ"M<YI,H>#<%P?2MB"7"X]:Z8]S+J;L
M,FZ/[U+=V<>I6<EO.%>*1=K`U0M;[RUVM\U6DN@R$55KBO8QO"]W=VWBF"QN
MI7E&E6SQP%FZQDY%=)++\N>:YB-]GQ#:0MQ]C_\`9JZ#SLE5W4H[,OJ?1?\`
MP2(^)!^&'_!3SX2ZF)!&MQK(T]BS85Q<(8MO_CU?U(G@D5_&CX5\=WOA/XC:
M;K-E=7&E7^BZE%?6MR%SL:.12&!]L9K^OGX`?%K2OCM\%_"_B[1=3MM8T_7-
M.AN%NK=PZ2,4&\<=PV01V(J*FR8F=I11160'\6&DJJ)M&_"G,KFOUQ_X-;OA
M/\&?B)\8?$FMZXD]Y\8?"[?:]#M9P1;VMB5"-<QCHTNYB"3T&,=:_(?3=<:>
M,1-%B2/[QC^Z*^H?^"47[?-U_P`$]_VOM!\9G!\/:I*FD>(8G4.TEC+(H9E[
MAT;##'7&*ZXI-61,KWNSF?\`@O/XR&L_\%G?C-<R'-M)J%O9?]^K=$_I7RK'
MIW]DZV@_Y9RY*&OH/_@L%J%A\3_^"CWQCU;2YC<6=_KS7-K*5VED*`C]*\#\
M/7DFL6'V6Y4I>V1RI_O+7-*-I.)JGI<ZK2VW0*W0UIP2?NU[UCZ;*((#NV[J
MOV]WNCK9;$-FK;S#<*OQ*G\0Z5C6DFYESFM47`^SALY^6JB0U8S;>=%\>,N"
M!):9Q@'=@_\`UZUUE"2H>^:Y:^N_L_C[3>?FDA=&_0_TK>DN-KIWI)[FE]C/
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M`PI"[1112$RU"V<"KL?W!_LT45412.2UZ=H_%.D39RQN'B_`@UU,KX!)HHJ5
MU+70KZA,\VB32JQ5H-V/IBOZK/\`@D#X5A\%_P#!,OX-6MN<BX\/07;'&/GE
9S(WZL:**4_A^?^8WN?1K3-DT445G9$G_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>63
<FILENAME>kololian.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 kololian.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``(!`0(!`0("`@("`@("`P4#`P,#
M`P8$!`,%!P8'!P<&!P<("0L)"`@*"`<'"@T*"@L,#`P,!PD.#PT,#@L,#`S_
MVP!#`0("`@,#`P8#`P8,"`<(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`S_P``1"`"6`&0#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#]_****`"B
MBB@`J%KR*.X2%Y8EED&50L`S?0=37R+_`,%#/^"L_AC]B;78?"EC83^*/&US
M;^>;*W8&.Q!^X9CGY<]<>E?E7\8_VP/BY^T=\:(O&,VH:AHVLV4IDMA8W3*M
MDH^ZBA2`%_GWIR<(*]65C:E1G4=HIL_H4HS7XE_"S_@KA^UC\,8;C4=;L[#Q
MKH>GNLMP+JQ2&8P#[RHR`?-CN0:_2?\`8P_X*=_"G]N'1+9_">N+!K4L0:YT
MF['E75L_\2$'[V#QD9%*G*%2_LI*5M[=!UL-5I6]I%J^USZ-HHHH,`HHHH`*
M***`"BBB@`JCX@U7^P]`OKTC=]CMY)]O8[5+8_2KU>9_M<*P_9J\9S#7)_#?
MV;2YIFOX]NZ%54DKSQANGXTXI.23&?SO:Y'X[_:S_:(\9_$/5;BX$WBC6)OL
MSO\`(&6-RB*/]E0`!]*^E?V??V(/&DFJ"\N;^VCD8??<95ORJKIJ3ZQXV\-R
MP6L>GZ7#IL)M5&V-6&/]9_P+K^-?;OPRMY++PW'-&(YX]BG*,"%;_)KXO,<;
M7EBIPB]/0_1\MP6&CA*=5J\GKN97AKX%P:=X.FTZ[_TE9H?*N"$^63(Q7Y?:
M[X%U_P#X)I?MG6UY;2W:Z<=4^WZ=<#CS(6;+Q>_&1^&:_9^UOD71TBEDM0S+
M\RHX9@U?!W_!7#P58?$#2/#EA)`&O[6[-Q9W''F8`Y4?WJO**T\/BXV>DM'_
M`)_(Y\ZC#$822>\=4?L/\'O','Q+^%?ASQ!;2B>#6=/ANT<?Q!T!S^M=-7B?
M_!/74;B__8T\`I<V4UC)8Z:EH$E&&<1_*'^AQFO;*^QE\3/@'=.S"BBBD(**
M**`"BBB@`KB/VAOA;%\</@?XK\)32>4GB#39K02%=WEEE.&QWP<&NWILB>:C
M(<_,,<4^I49N,E);H_&+XC_LX03:]8:;X'AM[]?#UA'::TVH,TPM[E6(=43(
MP``.!P!TKI?V0'\4^+_B3XW\/6NJ+::5I5HEK:*BXBDF."6(;)&.G6I?'&LZ
MW\&?B9\<M+AM97OM)OG://,ACD&8YB/XLJ<UP/\`P2X^-,V@ZQKD&N1V[M>R
MEEO/-^61V/)D!Y!KX[%5)U,3*+25F?IN&PU&&&C).[<;_>>]_#_X,_$+1M<U
M*/4-?M5,L@"P+;!Q<C/W]W7I^M:5_P#LQIXF^+.A7GB6YNO$>JV,W^@68_=V
MUL6^48&"3UR2<\UW%_X_M/"7BW3M0T^_75H;V06MU%&V[RW)P'3_`&1GD?C7
MI_P8\)S_`!`^,R7HE,4&BQK-*V,[VSP/QY_*LX4YSK0I7UOT[=S*M4I4J,JS
M6EO-:^A[_P##CP@/`O@;2])W;VLH0C$="W4_K70445]FE961^;SFYR<Y;O4*
M***9(4444`%%!/!KY=_;6_X*X_!C]A74IM'\7:_+>>*[>V%RNB:=&9KK#?=#
MG[J9ZX8YQSBJ46]@N?450WEW%I]N\UQ-'#$GWGD<(B_B>*_!?]J+_@Z%^*GC
MF\NK/X:Z!HW@S3&&V*ZN5^V7O^]EOD'TP?K7PE^T5_P41^-_[5/F+XX^)?B?
M5K.10K64=R;6T.#D9BCPI^O6K=-+=_=_5@/VF_X+`_$[P!X>UNV\=>"/%^@:
MGXTM&31/$NDV%Y'</<6;Y*O*JD[70C`)QD-[5Y+^Q?HWAWQ%?_;HC93V<TV\
M-(@+;C_"WTKXE_X(Z_!?_A?NB?%OPYA?MFIV-F+:XE.=LH=B"2><=*^L_P!F
MG]E?Q+\-O$VHZ%JT6JZ=K]K*(H;2)&*W#GHZXZJ?7TKY;.,/RUU6BFD[*ZZL
M^WX?S!_5Y4&[M>>MO^`?:/B_4]&TVW@"1VW^CMOB2%1@-[8JOX__`&J+7_@G
M3H7@7Q?XUEE2W^(FMC3[^T`R]C8["4N`O4F-MI;V8UZ_^S/^QQ%X$L+;6_&,
MD5YJ4""1+=C^ZML#)9L]2*_';_@M+^V];_M?_M67":+<&?PAX'1]+TME.4N9
M=V)IQ[,1@>H45Z.3Y8X5'B*OR7:_?S_(\C-\U52/L*3TOJ^_DC]^OA_\0]!^
M*GA>VUSPWK%AKND7B[H+NRG6:)Q[$<`^QYK=K^6/]DS_`(*1_%']ACXARW_@
M;7GBL)I`;S1[L&;3[L8[QYX;_:7!K]:_V5/^#EKX7_$RQM++XEZ/J?@+5F&V
M6[A4WFGLWKE?G7)[$''K7LRH_P`FIX%C],:*XWX1?'/P?^T!X536O!7B32O$
MFFOC=-8W"R>6<9VLHY4^QP:[(&LFFG9@PHHHI"(-0NQIUA/<L"5@C>0@=\#/
M]*_D9_;1^-=_\>_VLO'_`(LU*:62YU[6KF5-[;FBC#E8T_W54`5_6I\0"X^'
M^N^5_K?[/N-GU\ML5_&]XC:2Y\>ZDC?,\-S-N8^OFM6L7:+"X^^D\E(FQN#'
M:P%4M7G\H!>P'Y4EMJ+(LP?EXW(S4GAG2I?%GC32=.C#2RWMW%`H'\19P#0W
M?W>XK]3],OV![*__`&`?V=[_`.(/]G/J6K>)-.M[FRM=ORASGR]_^Q@AC7U1
M_P`$L/VQ?CG\:_B['X@\5BP\61:A%)*;`6<<$]E9JV-\<@`P%/"@YW<UG?MR
MVEI\$O@%I.C1_9[:/3])M=/B9UP`/+5=OYFNP_X)R_%C0/V=O@AX]UW69DMI
M_#^F6[N[IL,=J%9DC4]R6R/?BO<PV'A[*K*44TK)>KZ_<;T7;#.HU=O0[O\`
MX+?_`/!26S^!/[.L?@SP=J7_`!6/Q`@:)WC;$NEV725V'57;[HZ'DFOPIOM2
M\^V(W$E/SKM/VIOVB=3_`&F/C9XA\:ZJS";6;AC;Q$_ZB`'$:#Z#%>23WD[R
M2".3#M\N:\M\L5RHY;MF?JD3#5I6[-AJU-)1D4,>-O>J<>GO#IK2RLS22/WK
M:6W*Z8Q!Y5:B**E(]-_9<_:O\=_LJ_$.W\0>`M?O=%OHW'FQ(V;:]7^Y)$?E
M8>Q'N*_>W_@G#_P5F\*?MR6=IX<OT_X1[XCP6GG76FMS!=[?O20/W'?:>1SU
MK^<KX?'SM9EE8EH[?A?KWKWW]C3XOW/P,_:X^'_BJWNY+9=.UBW:=U_B@=PD
MB?BI(_&M^3VD=1<_1G].U%1VURMU;1RH<K*H=?<$9HKSBRMK/E_V'>>;S#Y#
M[_\`=VG-?QV?$_['-\</B#+IZ;+#^VITM1Z)YSG^E?U]_%[6/^$?^$_B>^_Y
M]-)NI_RA8_TK^.:SO?MLNNW1;<\VIR,<^[L:UC\(F]"C?KY=]+M_Y:+NKU;_
M`()^>!I/B-^VM\.-*CB,IGUVV<I[*X)_05Y/JC[9$<G[V5K[?_X-U_A?#X^_
MX*(V.NWNT:7X"TNZUV[=ONJL:$`'\3FBFOWB?8F;]Q^A]-?\%[?B];S?M6^!
M_A98SJYT^*+5-956^ZS$>5$WT`SCW%?.7[;_`.U')XFUQ?!_AJ]:'0HM/MX=
M6$3?+<RH,A&^G]:\#_:I_:=OOV@OVR?B%\16FDFN-?UB;[#NZI`K%(5_!%%<
MQ'(\$!\QVDFG;S)G/WF8]:]R>)4,.Z"WD]?D=DY>RPZIVW)]2O/,9AZ5G)G=
M\G^MDZ#^M-U*^^SJ><RM]T5:\-V3SR(S_,[-\QKRSB;L7-6A,&E6L1.6-6SB
MU\-32/U1":BUP^9>1(.BL!3/%$GD:7!:[N;B8`_3K_2M'&VIFF7/!%J=.M8T
M/65=Q/O716MZ]K/%<!MKVLJS#_@+`_TK&TG]YMV_+MJY/)M24'NA_E6T%;07
M,?U3_L^>-$^(OP*\':]'G;J^C6ET/^!PJ:*X/_@G*ES'^PG\*%OUVW*^&[0$
M'KMV#;_X[BBO)JQ]]G3>YV?[2EREM^SQXZDDX1-`O2?IY#U_'+X<O0VC:VS?
MPWY8?FU?U_?MNZA_9/['7Q1NLD>1X7U!\_2W<U_';X*E-SI6N+NS\R2?FQK1
M?#]_Y(2-+4KCS].5A]Y6KZ5_X)Y_M96?[*'P.^/ERTABUWQAX:_L'2BORR;Y
M7`D*GV4D_A7RE?:DT.ES+_$M6=;O?L7PU)0YDGF7;[5="IRSY_('&]EYG1_#
M.)M0OY+IR72#Y4)_C;UKKM0U46O4[Y6^ZG_LU<WX2/\`PC?ARTAQNFG7=_P+
MO5N*;SI7=CN=OO$ULY7U[BJSYY-EVR9[JZ;?\Q9OF)KI]'3R=K;MM8FFP;5W
M5MV<_EISQ5Q5M3&;N3S>4)L[&;;\V:Y'6O%HO?%=I:A@WDY9A_=[5O:]>,NG
MRX?:77JM>,17S:-\3YHVE:42H"":56=K>H05V>_Z/-YBAN]72K3/)'G[XQFL
M'PG=?:K)&K9:9H[E6/\`%6\7H*UKG](__!'SXNGXT_\`!.[X;ZG*`+BPL#I4
MH/)W6[&(9]R%!_&BO!?^#?[3==/_``3\@E0S_99_$-]):^GEXB''MN#45QU:
M-Y-W-U+0^K_^"A%[#IW["WQ>GN?]1%X1U$O@XX^SO7\>WPTN%>'68PW,MN&`
M^A_^O7]>/_!4'2KK7/\`@G5\:;6QB>XNYO"-_P"7&@RSXA8X'X9K^/WX=7BV
MWB21'^[/9/'M/\#;<_TK#HBH[$NH_/'ST8;6J7PJS^*[K3]';I:S;Y3_`+`Z
M54EF_=,K9^:MWX-J;>\U2^^\RJ(E;\ZFGK)+N%1Z7.LUR80/#"K9$7W1_=J?
M1H&D^<]!6?#;->7&]VZ\DUL6<PVJHXVUV\MWJ<][&Q:-MC/M5V&;Y=NZLVU;
M*KFIC<`-[[:U,R/Q%=;;%ERWX5XIX[NQ:_$.&09&Y0&Q7KNH7AF8H\<F!_=K
MR?XUVL=GXFL)4&PR>M88KX;HVIO4]J^%^H?:M&3DEMM=-.V[;_>K@/@K>>9I
M*C=G"UW,TFY5_O5O!^XK"EO<_>__`(-]OC'9W/\`P3@T2PD'[[1-8OK&3!QD
M[UD_E(**\_\`^"`/P@U'4?V"#J"#]UJ?B2^N(^>HV0I_-#12E2I-WD]2O>/I
M_P#X+"_';Q'^SE_P3@^*?BKPOH\VM:Q;:2]HD<<?F"UCF/E27##N(U8L>W%?
MR,>!H_M/B6[N7?<(+:27<.`Q;O\`K7]:G_!<'Q5K?A'_`()5_&6YT&T6[O9]
M$:TE#'"QV\KJDLG_``&-F-?RC?#C3;:S\!:C>.OFF>18(G/\:KUQ^-<2V2-$
M]S*EC9HC6O\`#?4X=,TB\24E&FN`%_*L]I//D;C'L*W?A_;17>B:DC(DACN1
MMSVXHII\V@5'HS>AOMT.U*NZ66Z=S69"@'LU:6EG[U=:W,#;MQM=:696#,:9
M:R'Y=U6)I-K-5F94^T2JIP%^IKQ[XYSR7&OVCNVX@X6O7[JX"K]>PKR'XWSX
MUW3UV_>>LL3'W#6E\1Z#\![P3Z:0#RORM7HJSX(S7E'P4?[)J$JK]V9>1_=-
M>F+,R!E^]6E'X$@GHS^@[_@WD0-_P34T)O/8[M8OSMS_`*OYU^7^OXT5J_\`
M!OYX*.E?\$R/!\US&Z/J5Y>7:@\':92H_P#0:*YZLX\SU+5['$?\'.GQ)F\"
M_P#!)?Q786\EU%/XJU.RTM9(GVA5:4.V_P#V2$Q@>M?S:^/+D>&;?1=$M5V0
MPP*[G^^[=3112?P%0W*#1F))I3C="ORXJ[\%7:]T#668\_:,_I1151W1G4V-
MJ0_O0?[_`%J_I4N77K116R)-J.0[R:D-R6D;/-%%:1(>Y$55@QQS7COQW!C\
M4Z<03][-%%9XCX"Z3U.V^%L8:X$PXW@'%=]<SLDBKN;FBBJIOW!3W/Z1O^"!
D.NW&O_\`!+/X<27+;Y(!=VX/^RES(!^E%%%<%9^^S>.R/__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>64
<FILENAME>konig.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 konig.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``(!`0(!`0("`@("`@("`P4#`P,#
M`P8$!`,%!P8'!P<&!P<("0L)"`@*"`<'"@T*"@L,#`P,!PD.#PT,#@L,#`S_
MVP!#`0("`@,#`P8#`P8,"`<(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`S_P``1"`"6`&0#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#]^(8=G)J2
MD3[HHW#UH`6BB@G@\]*`$9@%R3@5Y_\`$7]J/X=?"B?[/XB\:>']*N,?ZJ:[
M7S/I@'-?`/\`P5O_`."H.HZ;XX3X8?#'5+L7EF2NMW=LF%#?\\ED_GBOB+PS
M\'_$WQ@NO/U"&XOM3W[]LS'9_O;S7E8S-J5"3CNUYGL8/)J]=*2B[>1^XW@;
M]M;X5?$F?R=&\;:)=2ABFSSO+;([?-BO3M/OX=3M4GMIDGAD&5=&#*WXBOPV
M^'_[)'B;P]!J$UQJ5LD]X@8(F0R-@CK]*^MO^"<W[3FM_#OQM8^"O%6MR+IL
M7^B002@L%D)^7#>A)J,%G-'$3]FM&;8_(J^&A[22T/T;HI%;*Y-+7L'@A111
M0`4444`-7[AIU1T4`25G>)M__"-ZB8RWF?9I-N.N=IQ5VLWQ1KEIX9\,:AJ%
M_.EM8V<#RSS2'Y(E"DDGV`I]2H[JQ^$NN:,MM\5=2>8+]KN]2D^T,XS)D.>M
M?5/PH\,16^DI/Y:JC8"[1\W2OG;XGW6F:=\7]4G>4-+J&JM<PR1C>98LG#)[
M=*]P^$?Q273OB?8^%9Y6FEO-,.JQ2O#Y?EC(`0C)^:OS''T9/$2F]8I_J?L&
M5XF,<)"DM[7_`"/5I_"(;3#*T&Q0N[)%>%^/?"%];?&/0-1M':V<7D7(/^L^
M<<5ZGH'Q`\0>*-:O[2:QN)8+3*F590BQG/3;CFL7XN>#=1UB\T*"Q;9=?;8Y
M6=^-J`@G^530?U>M"ITT%BD\31G1>Y^GNG!O[/M@QR_EKG\JL5YY^S_\59_B
MCX7NI;JU2TN--N!:L$8LK@*"&KT.OTRG4C.*G!W3/R3$T)T*LJ516:"BBBK,
M0HHHH`BW_6EIFX^M&X^M`#ZS/%_AB'QCX3U32)\&#5+66U8,,X#J5S^M:&X^
MM.5R?J*!IM--=#\.X_"4VE_$Q/#?B(1/K7AN]N-+D*IT$4K!9`?=<&I_@O=1
MR_MF:K%?W5PKV5GY,!<%RPX)_P`^U?9O[?O[*FC?#SXUZ7\4+2RD72?$,KV7
MB,*Q*P3.H$5P!_#G!!]\5\<_`K3[_P`._'C6YXK\36QN3B25`3*F<??P>O%?
MG>881TL5*$MGMZ?UH?L>49A#$81.EO\`EW1]5Q7WD>);,SK)#!<1;3(BX+D=
MFJ?6-,.K>(;6(.%6:-U4L,E<BDO?"7]OP"^EO9WE(5H$C)1(^>3CO7JW[)2V
MNO\`QNNK>>"*X6VTPL!(H;:V\?-6>'P7ML3&E?1O]##&9@J%%U;7<5JD>[?L
M\?#L_#;X7:=93$O=S*)[EV^\S$<9^@P/PKOJ1/N@>E+7Z+3A&$5"*T6A^48B
MO*M5E5GO)W"BBBK,0HHHH`JJV%^E.J.C-!7*24`_CBF#/+=AU/05X]\?/V\/
MAK^SQ:W"ZQKT-[J4*\:=8?Z1<.?[IQPI_P!XBJC%RT2);2U8?\%!=)76?V./
M'RLVS[+IS7F?[OE$/_2OQ[_9V^)LFD:FUQ?-)-9F4F.=>57_`'J^L/B;_P`%
M3]3_`&H/$^G^#K;0H]$\(ZQ</;:G'))YD]U"4(",<84$XR!^=>-?$']AKQ3^
MSB__``D'AFWG\4>"-2F#201)YEQIO^RZ#JO^T/QKYSB'!U7RU(1YN5:GUW"^
M/HQ;P\Y\K;T[;;'MNC_%A=5T.W6$B3S%R'''RU[%^PZVHZ=X]UGQ"T4UQ9VM
MDZ7`1>7).51??BN._9H_9BUSXSVEM=/:R:'X>B50;F>+RY)_[RQH>OUZ5]9:
MSIFA?LX?!>_>RA6"TTZ!FRY^>YD88&3W8FN/(\OKU:T,157+%;+O_P``[L_S
M/#T*%3#4VI3EHWT2WW[Z'=^#_%EEXV\.VNJ:?+Y]K>('5NC`]U([$'J*V-YK
M\]/@A^UCK/P&U>ZB"C5-*U&<SSVDKD&)F.2R'M7U_P#!W]JGPE\9($CLKY;+
M4"/FM+M@D@^G8_A7V]?"S@[I71^>TL1&HM'KV/3=P]:6F*>].5\_6N4V%HHS
M10!3KYT_;H_;^LOV.H]-TZ'2O[:U_5D:1(6DV16R<@._<Y(Z#T-?1*=37Y2?
M\%UM7-E\?;.0.KR6NDVC[`W*J9)!_,UUX>"E.TMB:\W&-T<Q\:O^"BGQ+^+.
MGR3ZCK<^FZ2TJH]GIG[B-`QQR0<D<]R:\U#VZZK?"^<^;%&)+<M\XEW=6R>X
M]#ZUR/@:Y3Q5X*UBUD(8I`6Z]^U6O&^MM;W5JZ_-NM45CGL5KTW%*.FAX[J2
ME+WF=W^R#X!E^)/BOQ!<00B4:/<0S;LXVJ&Y:OK;XQ_M7ZK\!/$/@#PAIFFM
M/<^,[D6]U.Q`6&!AM`0]I&)X[<8[UY%_P2.T9-4?Q/*PC`NFV$./O#/2NX_X
M*3R6EK\3OA=X6@L9;[7]<U%9D,1"21+&05P?X%!P<]@#7/2IIXB"M?\`*WX?
MFC6O-K#3DFT];/K>WS_)GU]^R_\`$C4]7L+K0]59[^'2Y?)T_56`0WB#JLB#
M[CH<J?4BO)_^"@WQ<;5M=@\)6+EK;2<7-^5/#2D?*GX#G\:[OP/XEM_AY\&-
M3U>>X6Y;0;9XIIHSC[3,!G.?XLN>M?(^MW]YJ>@W^JZG+)-?:FS7$\I.6+'H
M/RJG37UB32LDQ*K)86";NVM^O<Y65VOC-)G&U#M%0:'XJ>W<QJ3YJ8<[3@K6
M9;:V5C^Q*9GN)%<LXC(C7TYJQ\'EC\;7&J:LH`TZQ;[(C@<S,.K_`)_I77)K
MJ<<6?3_P<_:P\7>!K&VB>[;5[!5"_9[OEE7_`&7Z_GFOI#X:?M7>&?'JI!<S
MG1-0'#179"HQ_P!E^A_2OAG2[TP112LX2*+.\D?*F.N:G\0ZQ)-H)=SNEN!N
M5,?-&AZ&N.IAXS=K';#&2BM=3],8I?-C5XRCHXR&!R#[T5XA^PUX]O?$7[/&
MF&[D>>6RFEM0[MDE5(VC\`<?A17GU*$HR<>QZT%S14EU/9!R0/6OQ0_X+=_$
MF?7?VU/%VF2010Q:3I=E:PR1C)EP?,);W^8CZ"OVO'45^&/_``71@CT']MWQ
M?*DFW[?;63R#WV**TH.S;\C.OK&QYI^S)J[W-KJ$;C<TZE?F_P!VM#Q-<NV@
M6"M\S.I3/N#C^E<Q\!KX6&KK%NPIQ76^)[1FL40<&UO'4X]R2/T->LE>!XTG
M:;9]A?\`!(?37O;V2S082*7>[5@_M4^-H/BA_P`%+;-8T>[CT9TTV"&)MDMP
M4.6BW?P1D\LW]T'UKJO^"1.M6_AOP+XX\07<NV#1TEF9L9**J'D?C7R_X#^(
M"ZI\:]8\5ZF);G[1<33&'S-LUV2Q8H[_`,$0&#(W_`:Z<NIIUG-]+6_K^OU7
M'FM:4:*A'K>_]?\`#^CV?W5\9OBK'J'@:#P[8WT5Y)K&IM+<FW39$L4:@>6G
M^QNX![@5Y;X[NDM=&CM6)41KR!W:N6_9WUW5_B%I$WB?7+B"YNM1F8V_D1[(
M((`?W:H.R;>GM6MXVF.K:K-&S_N(QNE<=%`K"<5[237=FL)-TXWW27]=>IPO
MC34CX;^'^I7N76::$P6H_B9VXKT/X3^"_P#A`O@%;Z>0OVE[?SI>/FW-S7F_
MANSD^,?Q"BD8YT71Y56)/X)'7^+WKZ"N[475J$A"$$[6Q_=J9OH6GH<?;&2Y
MTS2]/0[)-4827`;^"-.3^9P*L^(I?[*+RJ6D9CMD9OXOIZ"J_A>YAUCXD:PD
M2;H=-A6S7![_`'CC\Q^5.UZ]%K)+:2JO[SC'\2TUHR'L?8O[!&K:2O[/ELGG
MQI(E].)%)Z-D'^1%%?&?@G5O&FDZ9/#X<G?^SQ.Q.'P-^!G],45C4P7-)RYM
MSUZ.-M3BK/8_4)"690>Y%?SJ?\%H_BD_C/\`;:^)EUF0VEE?QV*L?N_NE52O
MYBOZ*(7/FIWY%?S?_P#!;71K7PQ^U3\1[+3IEN(3J<EQ+(/XI7(9A^!X_"O,
MA\,F=,WJD4/A/JZF^B9&.Y41NO;;7L$<RZS_`&ELVGS8A<Y/]\*5/]*^9/@%
MXH-WI^DWFXDW5LBGW*C!_45[SX7U[[/>PROD(S&%QVPX_P`0*]>G*\=#QZ\;
M3/H#]EKXG0_#?]BKXI$7DEK>ZILL(5B7=/(9&PRH.[$9QZ=3TKYIT6WD\<:Q
MI?A*W8QGQ+<^1<B%\RW4$9RZ`_PP+SN;^-SZ5V/BO5SX7^"FJ"V:2)9;U-T<
M2_O)<J5*!O\`EGGNW8$UN_\`!-WP%%XMU3Q#XTN$+"!UTVSG9<!@!E_+':,?
M=4=\$GK77&2IT_=W9Q5(^TJ6:T7]?U_D?4MA8Q^"O!UM:6D*PPP1+!&BK]U1
MP*\ZURXF\1>(7L[5V^P)D3E#_KG[_P#`173_`!9\3SW$JZ-IIWW4R?O,?\L4
M_O?[QK+^'_V?0=773I%#74B_?'/-<\=%?J;=;'8?#/PU;:!;0Q0PQP11H"R@
M"KMQXGALH=6NVD9(H<@?W5P*6XQI.C2R,VV60=/[HKP/]L?XVQ_!K]G76+Q]
M_P!HN\01A>[2':#^M52AS7N$VUHCO?V5]4DUW3M4UQA(8]1N'8._'R9P/TKJ
M_$MM&UV]X[;@WRK&A^]]37#_`+$NI'4/V>]&MY?WGV2`%&X_>#&1N]:[W5-1
M>\B,86*.-3M8T/6HV)_#8XV0W:2N4NVM58Y$<;':M%.U%8OM;A&?`]:*Z[F-
MS]9D=8B78[5CY)]`.<U_-#_P5J^(^C_%;]I;XDZGH(F;2FU"9(6D&&E93AW^
MA;./:OZ"/VTOVHM'_8U_9F\4_$/71YMIHEL5BA!Q]JN'^6./VRQZ]AFOY@OC
M1\6K?XDZIJNKW$UO#)K%S+<2(GR*AD8MM`].:^9^PV?2V?,B;]F/Q?YGPUL)
M6;!L+AH6S_#SFOJG05.H^&9+N`^8DL1VD?PMU!_.OCG]E_3O.\/>(-.9OECO
M`\?^UN6OH[X!>/WT&];POK&469MUM(?XO:O0PLURI/J<.)AJVNGY':_%?Q/)
MJ/[/6H6T<1GO-0F@CCB$FPR2%P-I/IG(/M7TK^S5IW_"A?@5I]C?2*VHRJ"X
M'W7F;DD#^ZO]*^9O!/AX^,/CH=,N.=!\/R#5[D]8P_\``G_?0W5[/-XFNO&N
MIRW99HXH2(K6)>PS7;!<][[(X*GNV2W/0=<^*#1R31VMLDNK7F%EG"]%'2NE
M^$7A%[>:34;MFDGD/`/\-8/A[0K+P]%+?:@RM,P4@?45W7A;7)&LY;IHC';(
MGR#^)C2GV1*\P\<ZXBLRM\G&W!_AKY&_X*2^)DMOV<M4E:'<CW-O#!N_O&0?
M-^0KZ;O+9M6CEO[V7;"S?*#Z=Z^;O^"CT5M<?LKZU=7@6*/[1`MFG1N)!\]=
M$$HP=NQES7FK]SU'_@GMK@OOA7I4`&`(!N'WN<5[#XNT[[-(TT;Y);+(*^:?
M^"?GB"2PT"TMER$$8(D_O<<5]->,PT5D+^/<P/RR*M8-6F;2>C.%U*5I+MF^
M49HJKJ6HQ_:VR2A]**ZN5F%SWW_@XP\6)X?_`&)="M2X9M4\2P1>25#+.!&[
M?,#Z$"OP#^.OA@:E;?:(IDM+GJT2H"C?AVK]NO\`@Y`U'4G\/?#:S*RC1W:[
MF=XTWYF&T#Z<9_6OQ2^,\@CTJ=[0J\C+\S2?>6OFJB_='TD9>^9/[&%YJ%WK
M.OPM(9$C\IE.,<C-?2GCO1Q>:597,/[N^B3SD=?O9KQ']A_0V&B7]PW[V6ZO
MA%GV`_\`KU]$R[-?\="R@^:WLT\J1@*[,-#]TEW.2O/]YIT._P#@)XETF#X-
MZ&;J\2#6/$MS--?,Q^>4HVQ5]@`*];\/_8]#UZSLTDW+(RN''S5Y3X%^'ME-
M\/(-,;<+2>_:XEB0`,[1N=OSXW*.>@.*]#ATY=)U"U^SAW:&,$H3N;\ZZ\.Z
MUI1JI))Z6=[K35]M3CQ/LKITVW?>ZM9]D>N^(K3^WOB)#:(Z,C+&C`?=7C/]
M*[6_=U@-E;A56-*Y3X>:'NU>ZO)B[2-"A4G^$[1_C79;6AL7=D#22+M&>:MO
M4YS+U72(_.MQ=2;[:!!MC3[S-7R[_P`%(X_[4_9Z\8O.NU;:UW01X^Z5((KZ
MO%K';IOE^=U&[D]Z\`^/OAF'XA^!?%45TGF0RV<ZHOWLL%/S5T4;R4EY&4GR
MM/S.7_X)J>*M'\<?!S1EM+I(=5B@59XYA]YL9!!^E?65C9W2Z?+#<PAO,!RX
M.5K\U?\`@G1K0^'GA6QCU!9$64?NIL$#&XBOT@L-5C@\.V^+AI$GC#+(3G=6
M$TVD^YT2LI.QYGK%M!#J<RG.0Q[9HKK-)^$.L>-/M-Y:&R:%9VCS),$;(`/3
M\:*ZE5BM&SGY)/5(]N_X+\^*;?PM_P`$];S4)+**ZN$UBVCMY70&2U))W%#V
MR./H:_GZ^,>IPZ]IKSI!]FEN(BS;>5HHKYZ7\,^A7QG9?L[:"_PW^$^E2QS&
M:2^+WKGIR3C'Z5[9\+]/9(XYW?=-=;IG;WQ117H8?1(XZSW9[/\`#&!?L&DJ
MV6\Y2Q^I;)KL]-M_.^(UO""0@<(W^U1176]CS[NY[[:VJ609T&`.`!5C5W:.
MWA.<&?@8_AHHKG7Q%O8S?$E^UCIH+?,I^7`K@QH::GX:U-F.(V1U(QS@@T45
MUTM(Z=SFJ?$CXP_89EEBA\4Z+=%;RPTC5KA;=7'S1()3\HK[W\/".?X;0I$&
H"QI\@8YVC'2BBHGM$WF]6><:A\0+FQNGB1I0%]&P****Z;'/=G__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>65
<FILENAME>lassonde.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 lassonde.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``(!`0(!`0("`@("`@("`P4#`P,#
M`P8$!`,%!P8'!P<&!P<("0L)"`@*"`<'"@T*"@L,#`P,!PD.#PT,#@L,#`S_
MVP!#`0("`@,#`P8#`P8,"`<(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`S_P``1"`"6`&0#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#]]HHCU[U,
M!MH4;1CK13;&V%%%!I"#-%<E\8OB]H7P&^'&J>*O$=VMII.E1F25^K.W0(H[
ML3P!7YY:E_P66\3_`!P\3:A9>%M/70-'A)CCF(\R<CW/3/TKGQ&*IT5S5'8Z
ML-@ZV(=J4;GZ:27L4,H1Y(U=NQ8`FILDBOR>MO''Q"\1ZM=7HUW6)FNFW;WE
M8F/Z5OZ/\>/C!\,K6;5-.\0:K>_9.?L-R_FI(/?<#^F*\^.>X5NUSUI\-XQ)
M/EW/U"S17SA_P3Z_;PT_]LWPE?QS0K8^)M#;R]0M@"@;MO`/(YXKZ/KUH34D
MI1V9X52$H2<9*S044451`4444`%%(K9^M&X>M`"T4FX>M+0!^=7_``<8_$R;
MP1^S/X1TU)I(H=9UHJX0_P"L*1DJ/S-?$?[%&@)9V>FV3`_O(_,=^NYCUKZO
M_P"#D.QO_$.A_"RPM[-Y[.&^N+F:95+;&V@*OIS7S3^ROIE_IVLV=M#82W]U
M9[?M2(ZH8?1>2*^+XDYY5%")^@<)2IPIN<M#[>\`^#`EK$@V[-H;)K2\7>$E
ML;-Y-@.X?G5+P!XQT[5Y)-+M[IK;5[>,//9S<2Q@]&Q_=XZUF^+_`(MVEO>K
MI:3V:7LF2ANIPGFXZ[%/)KQ507)9+4]^6(?/S7T/&/V=/'\'['W[?VGZA<@V
MOAGQE,+.[G7[D+2C"D^V\#/US7ZV)()$#*0RL,@CD$5^0W[0W@6_^(VIZ#I]
ME;,+ZXN8IXX_X]Z."-N*_67P3;W%IX-TJ*\)-TEI&LN>N[:,U]GD-64L,HRZ
M:'P/$E)1Q3G%;FM1117MGSP4444`1T4`_***`';S0K8X--H-`'SG_P`%3?#\
M&J?L>:]J$EM%<3Z)-!=QNZY:%?-4.1_P$FOSJ^`_@W1/'/CS5;Y[8WWG2*_V
M5G*(I&-K'!YZ=Z_8?Q_X#TOXG^"-3\.ZU;K=Z5K$#6MU$3CS$(YK\KO%7P:'
M[,/[6WQ`\&Z)));6\MO'<:,+B3<WDN@).3UP<C\*^6XDIS48UXO161]OPC5H
MR<J,UK9OY:#_`(<:^_B/]KW4;BR6(#3M.^R3B`[E50<[<]VS7O5M8Z5>ZG%(
MUI:/?7"8CDGA!8#OM)KX\_9<OHO"WQD\07;1ZC9:D)&AG_>[XI^<[L#/^-?3
M-EXAU#Q-?QI';10V**&9WR)(SGAEKYE.48N;>K/M\31AHE'1(]"_9]\+PZY^
MT[HS-;1O'I\<C_-SMP/O#\<5]M5X/^Q9X,2VT/4M=EMU$MY-Y-O,X^=D4<D'
MT)_E7O%?;Y'1=/"IRWEK]Y^7<18F-7%N,=HZ?/J%%%%>P>$%%%%`$&[Y<4[?
M]:91FJY30?O^M*3P:Q/&OCK1?AQH$VJ^(=7T_1=-MUW2W-[.L,:#W).*^)OV
MC/\`@X*^"_P@ENK+PNFJ^/=4@W*#9)Y-GO'K*W)'NJFM*="I4^!7(G-+=GW?
M<7<=I;R332I%%"I>1W8*J*!DL2>@K\+/^"C/[>VG?&[]N6_\3^`GEN=!T6R.
M@&[Q@7CQ.V^>/U0$D#U`S7G?[;O_``6K^,O[7OAJ\T*&YM/!OA._8A[#2"1-
M<Q'^"68\L/4#`/<5U'_!+#]E[2/VM_@=K^ALWV+Q+X6O!=V%YMRJK(.8G'="
M0?I7'GF55JF#DH*\M'8];A_,Z&'QL957:+NK]K]3M/V3?'\/C#5T=XXHKJX.
MZ\F_YZ>C"OIG6];FTRQ>*T`E)&%D`VC'O7D]U^Q'K_P.\9Z1K::3?1I#,([Z
MWMHVEAD0_P`8(X]Z]]TOX1>(OBFJV6CZ9<VMM(54W$T9BCC3^)LGK^%?EOL*
M[?LHQES7VLS]7KXVCR*HYQY;;W1]5?L<_%CPU\6O@/I$OAO5K?5ET<?V??B(
MXDM;J/AXW7J#G\Q@UZUYAK\>OVOOCIXE_P""2_[<$.J_#N*T_L+QYHL$NKZ7
M=1DVE[=1?*THP05?&/F'KSFOHS]F#_@OY\*/B[]GT_QO!>?#W7'(C9I\W-@[
M9[2J,@?[P`'K7[!3P%14HN*NK(_$\17A*M)K2[;U/OK</6EK%\(>-](^(>@0
M:MH&K6&LZ?<KNBN+.=9HW'KE3BME6W"L'=;DBT444@*RG@#N:_-O_@H-_P`%
M_O#_`,#O$.N^!_A=8)XB\7:3.]G<ZI=?\@^RD'#;`#F5E.1V&1WKZ#_X*Z_M
MIQ?L/_L5^(O$%K-CQ-KRMH^@Q@_,;F52#)](UW-^`'>OYJ/#FJ3W&L?:+J62
MXFD=GGD<Y:5V;<S'\:]'!T8SFN9:&=>HU%\NY[E\?/VLOB-^U+XC?4O''BO5
MM:D=]RP2RE;:'_=C'RK^5<%*PMH"Y)*HN[Y3FHH[]1,!A>3BE^U+YTD;'KT^
M6OHXTU%61Y,I.3NRO9Z0L`:=)"(9OF\K[RG/?VK[B_X()?%P>!/VQ;OP]+.8
MX/%>G20(G\+31_.O_CNZOA[2F,<DMJS9"'<G^[7H_P"RM\2YO@I^U!X)\31R
M^2NEZK`TC?\`3,N%<?BIQ7/6IJ4&K;_F:TYM25S^E30KU(A#'L#QR_*V1FK^
ML7/V2V5(QM5NPX%8'AZ^6>Y#QG,=TL=S&?\`9<9_K70ZTOG*%PW-?+MGLGY4
M_P#!Q+H44>H_"[4B#YS?:X6/M\IK\[1\+_$$OPQN_&T6FF7PU:7PTZ>]$BXC
MF89"%<[NF.<8K](?^#C#$=C\,,MES->?R6OS#&K7$5FUJUQ,+29@[0;V\IR.
MC,O3<*^CP";H1Y>YY>*:]H[G>?`G]J#X@?LT>(H-0\#^*M5T*6-][013L]K-
M[/&?E;\J_5_]@/\`X+I:!\<M3TKPE\3+1/#GBK4)4M+74K8$V%_(QP`PZQ.3
MQW'N*_%^.;<N[[WS5-'J\ND7=K+;LT5Q;3"XC*G#*R'<IS]16^)PE.LO>1E2
MKRBUU/ZJ2<<9HKSG]E#XF?\`"[OV:/`OBMPDDVMZ+;7$Q0\"0H`X_!@:*^3D
MG%M/H>L?CS_P<]?M`2>*OVEO"?P[BF/V#P;HYU6X"ME6N;AL*"/4*H/XU^8.
M@2C:3G#,W6OJC_@MUXB;6O\`@HW\59WF\XSZK%;*<Y\I(850*/Q!_6OE/P[)
MNO%0?Q=O[U>Y@X<MCCKRW.I%\+?541CC=&'JT;G==(Y;(:N;\;70TO4M/8-P
MR%*OQWN8(7W=*]2]FXOH<%KI,VUREVLR_P#+/K]*LW3$21R1\2)\Z_4<C]:H
MV=R)G9>NY=I_VJL0-Y]FT3-AX3\Q_O55B;G]$W_!/_XR#XX_LJ?#7Q*9O.GN
M=+6QNF_O30_(W\J^C;U?,MT?^ZM?EO\`\&]GQP_M_P"$/B'P-<2LTWAS4AJ%
MLI_AAE7!"_\``AG\:_49[H2Z667^[7R^+I^SJN)[%*?-!,_)S_@XPU!F\6_"
MNWR=C07K_J@K\T98VC9F^\*_1G_@XCU*.?XH_#"VSF6#3KN5@/\`:=0/Y&OS
MCNR?EY4;FKZ++E;#IGFXN3=1C59DD4;Z:TV_6`CGA8LG\36?-?,+V4)&SLOW
M>R_G4MF[3Z@[.RF78%(%=3?0Q1^__P#P0R^),?B?_@G/X2BN;G?/I%U=Z>V>
MH"REE'_?+K17R!_P1W^/L/PU_93O]+N+G85\1W<B#=CY6B@_KFBOG*^$O4D[
M]3V*=2/(C\R/^"@7B_\`X3C]L[XGZCY_VA)/$E[M?.[<OFMC]./PKRKPNK/J
MD:D<53UO7)M<U&XOKJ1I+N]D,TK'JSDY/\ZT?",/^D*^/E6O2H1]Y'%7>C90
M^-FK#3[G1UW?,TI_E5_0M2^VZ6GS;MHKS_\`:1U=U\6Z+$.D89\`_2MOX<ZR
M;NU&YOO#%-UKXB<?ZV1*A^ZBST#1;O,VW&ZM2ZE:)DGPV/N/_NUREG?-:WVT
M]&7.:ZNPN1=0X?YDD7&*[J;NK'-4T=S[!_X(F_&;_A57[:ND6$\YCL?%5O)I
MS@MM7>1NC_48_&OWPM93)HK`]0E?RU?"3QO=_"CXEZ+K5N[?:-"OX;R(YZ[7
M!_EFOZ<?@SX[M_B9\(]%UZTD62'5["*\1A_%O3/\S7C9O3M*,^^AW8*=TXGX
M[?\`!>_Q>-3_`&RM(TY6WC2?#\08?W6=V)_3%?"]PWG2KAV.WL*^H/\`@L'X
MF3Q+^WSXFD23S#;VL-O_`+I`/RU\M.XCB9L_-FO6P,?]GCZ''B/XLAMW,"N!
MVI-$VM?SN6'S-_2JEQ<;86);FD\/S,X##:0W>MGN9K1'J/@+XS:U\.]&DL-.
MO#;6\DS3%,`_,0`3^@HKAS+BBN>4-7H:<S/"-)9]7N%'.WUKM-)MA8V+!<'_
M`&C6'I*(J>:%">9SA16Q)(K6,K.C+L7EB?EI8:GRJ[W-,1*^AXW\;PTWCZSF
M:3=&\9B7#?=;K5WP'?2Z:ZK*6P6JG?Z:_P`0M`U1H6#WEE=F6`C^)1QQ5GP'
M>IK]DT3AEN[;Y9$->99NLYKKJCIO^[Y>QZ)#>K//&Q;[M=1I$_DV_#?*?NUY
MYI;O&[Y)W)75Z)JXGMO+9N>!7JT979Q5%H=!K]\UE;VU\"72([)\=T;^+\/\
M:_>G_@@5\?5^,_[%MMHEU<^?J/@JZ;39`6W.83\T3?[N#M_"OP@L46\LS$_[
MQ77:R_[-?;O_``;O_M)#X#?MLR^!-4O!'H_CBS>"!Y6VJTL8+Q\_WA\R_B*G
M,Z//0?WCP=3EFON/&_\`@HQ<&']NCXIHTK/Y6LNB$_PCLOZUXQ<-B'&[)9=N
M:[+]K[Q(_C;]J;XG:JTJR_:_$UYL8<JRK*0/T%<'=7&V'[P^[75AH\M**\D8
MUGS5&_,R]<U$06<TC-N"@E?RQ5OPG)ML81]YBF6KG?'E^+;1-C,0TTJHO\ZU
MO"UQBUC7ERJU/-[[1I]BZ.DN;APX')XHIOE^8JMN9<CI12L&AY5H.R6TAECE
M$W'3/W?PK7LOAGX@^-WB32?!^@1-/KWB2\AT[3K9&V_:))'``_4\]JY/PSY<
MTJR<0_W!G[U>S_L2>+]6\%?MO?"?5_#MIH.K^(++Q%;FQM=7N/LUD[D\[Y?X
M,#G/J!6%_P!T[=C1K]XK]SD/VP?@;:_LF_M,^,?"&B1*+3PE=IILZ!R^)%C4
MR')]6S7E>JZ,(+JV\0Z3]R4?Z3$O\0]:]$^._P`8]0^+G[<?QAN?$8M!J&M^
M*=0F*6\OG6R$2E2B/_&HQ@'C(YK@=*NV\%:_-83Y>RG8JH/\-<M)1E3B^GY,
MWJ-J;[_FCHM%6/5HVF&W]XOS"KL6DF/E&V/5+0;<:8UP\>UH68;16YILHN'4
MCKZ5WTXII7.2<F:>A75S:OY<P#!A]Y35[5_$=_X4L1KNDW<MAK6BM]ILKB)M
MCQR=!@U5M5+/@<-5;QS;2-X(U!A\Q2+?CV!S73)>X[=C!/WE<U_#FLOKN@V]
MY),]S-=YDFF8?ZV0G+_KFI;N7>P`)&,U1\)I';>&;*&V9UM50/&A8D*7&3CT
MJQ>,/EYYW54$U!7&W[[L<)\7M2^S7VDP!U&YFE;]*ZOP;?+>6Z,),;O2N`^,
MURJ^)M(9MWS*RY_AZBNJ\!R%;9/F5E_AKAA+][)'1+^&COMS%5._M16>MP-H
M^8C\:*ZC&YXM\.=3ENUP@2.*$84'EJ/BQJ=W9>$IG@E$,CN`&08*Y/8]1117
MG7:P[9V**=17,_P9HL:7=E=[F,L+#+'EF_&NN^(6D)?:6;OCS(&&<_Q"BBM<
M/%>RDK?U8SJR?.F9NCZHPB>+&Y<@\_2MK1[L^>I&[\Z**JD]B9)69UVC.=F_
MO5C58?M>B7,;'Y)8F!'U%%%>DOA9R-^\9?@9G3PKI\98LT<6S/T.*OZBYCVJ
M#THHK*+_`':]$:3^-GF7QWD^S#2YP-S+/M.>X(K<^'=TLUFA`<$CUHHK@C_&
6D=7_`"[1UQE9L#<WR\4445T$61__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>66
<FILENAME>oliphant.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 oliphant.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``(!`0(!`0("`@("`@("`P4#`P,#
M`P8$!`,%!P8'!P<&!P<("0L)"`@*"`<'"@T*"@L,#`P,!PD.#PT,#@L,#`S_
MVP!#`0("`@,#`P8#`P8,"`<(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`S_P``1"`"6`&0#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#]_****`"B
MB@T`&:J:IJUIH=J9[VZM[2%?^6D\JQJ/Q-<!^U5^T3H_[*GP*U_QSK>9K?2(
M/W%LAP][<-Q'"ONS$#V&3VK^>S]J_P#;(^)W[4_C;6-;\3^(;]56XQ%8PW3I
M;6!/2..(<`*O&>IZFN;$8J-*R>K9VX7!RK7=[)']"MQ^UU\+[35_L$OQ"\(I
M=D[?).IQ;\_G7>:1J]IKE@ES974%Y;2#*RP2+(C#V(K^5_PO87WB+3FCEDN)
M=15_E`R'7_:]>:^C/@'^V7\7OV6=8M/$GA2_U..TT^-8;W3+H236E^O0ED8X
M&/[PP:XHYI%2M45CT/[$G.'-2N_D?T09HKP3]@C]NKP_^W'\*HM8L%&G:[9J
M%U33'.6MW_O+ZH>QKWNO5C-27-%W1XM2$H2<)JS04444R`HHHH`****`"@_G
M10>AH`_-7_@XG^+\7@+P/\.M,N[@)93WMSJ+P?\`/>2)`L?Y,]?EA^S;^R9J
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M)DU=KH(<(MN<O$2.FY>/QK]:J^JR9OZLEV9\3Q!KB>>UKH****]4\(****`"
MBBB@`HHH/0T`?G!_P7Y\$37+?"+Q*ZE=)T_59K"^=3ACYH4HGTRI/X5X]\`?
M@9X6^)+VM^\*2WMAE6B=<H_S95L?WN!S7ZJ?%GX<Z)\4/`6H:3XBTJQUK37B
M:4V]U$)$#J"58`]&!Y![5^//[)'Q=N/#7BWQ6MN&N);:[E6"W'906R?IQ7R^
M>4G&<:J>_P"A][PUB8U:+HM:Q7WW;:_-GK_PXTN&S_;KEN].9EO8+$V][L^4
M/G!"D?WABOHA/@SH%]XDGU![2*6\N%(E5P"ZY^]M^N!FOC_]FGQ1HGCOXVW'
MBJ'6[S2]91I&N+?>0LTF<?,"#Z5]:VGC%+N-5M1-<RQMN:7:59<^YKR80ERN
M;>I]%C(V:BHM*R6QZM\"/!UFOQ1M;ZWB5FTZU:%7/WHT/\/YU]`5YK^S-ISK
MX%>^G5?.O)V*OCYF0<?S!KTJOK\MI<F'CYZ_>?FF<5_:8F26T=`HHHKO/+"B
MBB@`HHH/0B@`HK%\;^.M'^&GA:]UOQ!JECHVD:?&9;F\O)EBAA4=RQX_"OQ]
M_P""FG_!Q;>Z]]M\&?L^S-:VK$P77BZ:+]Y+V(M8V'RC_IHPSZ`548.0TCZG
M_P""F_\`P5N\+?L]?%GPO\(-$UNVF\3>(;SRM?EA=7_L:V9#MC8]I9&VC'4+
MD\9K\N(/$VO?LY?&W4KNZAN1IEQ>/);7B*6CDA9CE&]#@_I7PMXL;4M;\4W.
MM75]>WFJW$YNI[R>0R3RRELEV<\DD\YK]>/^"86O6'[8GP`MKO6=.M]4O=%D
M^P:I&55I`5'#D>XY_.G5RB&/C[)OE:U3.W"YS++I>TC&\79-'4?LD:)8>([H
MZWI6HPJNHDLPV@[/K7U@M@+>TM+*"4WMY?NL:;?XB?XJ@O\`]ASX<_#;P!)X
MET_4?^$1@1/,=E?]Q+_L[/[Q]!6I\$?&/@KP';#6;^\NKN.-?W,_DD)`.AXS
MFO!CPW7C45.3O&^Z_+U/LI<1+&8=UJ,9-I;6Z^NUOQ\B?1/^"O/P/^%7Q)O_
M`(7^+=8N/!7B#PQ.FG2#4+=OLLK;0P=95R`I!SEL=:^HO`/Q+\/_`!4T*+5/
M#6NZ5K^G3KN2XL+I)XV'KE2:_$'_`(.!O@#9Z!\<?#OQ&TV+.F^/;4VMXP7"
MFZB^XS>Y0X_X#7Q%\%/C5XZ_9\UYK[PCXLUSP[<(P9387CQ*V.S(#M8>QXKZ
MFMA80GRK0_/:=7VD>=[O?U/ZNLT5^&G[-?\`P<9_%CX:I%9>/-)TSX@V"#!G
M&+&^_P"^E!5ORS7ZW_L6_M?>&OVWO@'I?CWPQYL-K>L\%S93D&>PG0X>)\=Q
MP1Z@@US5*4HZLL]<HHHK(0FX>M?'O_!1G_@L?\-?^">X;1;OS_%GCN>+S(=#
ML7&8,CY6GD/$:GTY/M6Y_P`%@_VPK[]B?]AGQ1XGT6Y6W\4ZGMTC0W899+B;
M(WCW5`[#/<"OYA]0\<:IX^\;ZEJFMZE>:MJ.H3&6ZNKN8RRS.>K%CR36D(I[
ME+N?1W[<W_!3;XJ_\%`/$CR^+]8>T\.QR;[+P_8DQV%L.Q(_Y:/_`+39/7%>
M"S`Q62.'V.O"XJ+RMF%8XVFK4]JMU9F,_F/X6_O5TJ(.2&-:2BW5;D(967)V
M_=KZ,_X)'_MDR?L5?M;Z?+?S%?"/B]TTO6(W/[N)6.$F_P"`D]?0FOG.._:\
M@\J7Y;B'Y3C^+_:JOJMJ;BT+KG='W'!%5";C+G1G4BIQ<9=3^I3XT_LY^&/V
MEOA8FC:K'<M:J1<V4]K.8VAD*Y608Z]0:^)9M&\2_LF_%G4/`&O3-XIT#[`-
M2M;L']["GF`%6'?Z>U>A_P#!"_\`;97]JC]D+3M)U2\\WQ5X&VZ3J*L^7EA`
M_<3'ZJ-I/<BMW]K+X7OXI_:2U3S=S:??Z7#;2X8HRX);*D<@Y->G2K.S@]4]
M4>CPY4J_6?8\WNV=U_74X[_@M[\+K?\`:`_X)M1>*]&3SIO!\]OK4(0<^6,)
M*I^BG/X5^(JS"?9*K9$@!%?O_P"%/!=EK?PY\8?!^[NY[C2_%OAVYBL1,Q=T
MD\HAER?P/UK^?Z32+CP]<7.F7D;17>EW$EG/&?O(\;E,?H*Y<3%IZG)7PWU>
MO*BMEJO1_P!6?F2JV%R.HK]*?^#:/]J:?P7\>?%?PHOI6.F^+H3JVGAFPL5U
M"/G51_M(23_N"OS0$A5\-_%7JW_!.WXUS?L]_MO?#SQ8)%CM[#7XH+EG;Y1;
MS?N9#_WRQ-83U5NY%S^H^BHXYUGB21&W)(H92.A![T5YUQ'Y*_\`!V+\=[;P
M1^SQ\.?!PVMJ>O:Q+J$?_3)(8]I?_P`B8K\*/!Z-)</<,S#=VK]3/^#MCPIK
MT_[6GPQO[GS3X:N?#DL-F?X!.DS&5?\`>VM'7Y;?;8]-LTAC`,C_`'JVANO(
MJ6QUDU]NMUF/\/RM5FPO"UOZ[JRM+A>XTZ6,'>DB?\"5JH^&M:\Z%HW.&C;:
MU=-]C.QN7B,65T;;+'T;_P!EJWI%P+R"4."CCY62JL+^9'0L;><)8V(=>O\`
MM46UN"D?07_!+C]L"Z_8B_:VTG5YII%\-:U(NG:U%GY3`[#$F/5#AOS%?NI\
M<=5@U+XKZ=>6LL<]MK>CQ7EO*#N6=`>6'X$?G7\U$\BW:E^C@X*_W:_8C_@F
MC^UW;?'C]DGP%8:E>>;XL^&^H2>'KE7;]Y/82H6AD]P"H7\*ZL.V_=['=E53
MV>.A/^;1_-:?H?2GC#Q+_P`(!\0/`_B>0[8-+U1([@_PB.0[&)^@.:_&/]N#
M0;;PS^VK\5[*S96M?^$DN;F$K]TK*WF?UK]G?CGX8'B?X:WUJ#G=&60_W&`X
MK\,_CKX@O/$7[0/C*6_#&^BO1'-GNRJ!G\<9KHQ:7LXL]#.:%[5UTT?YK]3E
M-0N/)1F`S]*IVU\UI;BXW$RPN)@%]5.X?RI^I38CZ<BJMI,6MFSQ_6N!O4\.
M^A_5I^QW\37^,?[*GP[\42*KS:WX?L[F7800',2[A^!!HKX._P""%?\`P4"\
M)>#?^"?FC>&_%>MP6>H^&=4N]/C%S.`[PY65&&3T'F%1_NT5Q3H2<FTA71\F
M_P#!V%^U.WBW]H3P-\)[%$-MX/L6UB^EP"S7%QPB`]5VHN??=7Y.Z3;M>7"S
M2DA%_P#'J_0+_@Y[O='NO^"H=ZNGSPS7,'AZR34@A^:*?!*H??85/T-?G[H]
MP^LW"0I\D,?WS5Q-);';Z$P\KT`Z$5Y\^N?V+XRU"U9B`)=ZGZ\UW%O,(%1`
M6`'W<5X_\1=1W?$>X8.R[0!_O5=:7+%>IE!:ZGK6CZJ+A0P;K6A#<8;[U>=^
M$?%(,(1VS7;:7?"XCW!JTC*Z"6YJWUJUQ;M+"-TJKT'_`"TKT+]CSXTO\&_C
M5X=US[1*EG!>I]L1&PK1[L'<O^SU_"O/K>=D"[<Y%4M<B?PY>C4X%9[27BY1
M?^69_O\`^-:)\KYD72J.$U..Z=S^C;1];M_%W@I989DGBN+=98Y%.59&7(85
M^)/[='A@>#?VS_'-JB;1=/%<X^J?_6K[V_X)!_M2#XM_`V'0[V[$VK>$R+9P
M7R\]J_\`JW_#E?P%?'7_``5HT?\`L+]O?Q!%@A9]+MY5_45Z.):=)26USZ;,
M*D:N#=2/5I_H?-FM7GEV9]6[52TNZ5K1@WWEJ/46\^XPS'8E9_A^\:9KHNQ4
M&8JO^[7F-ZGS'0Z&&=X8P$D=0><!R!15:.[A5`/-S^-%&G80S]M[XX7G[8'[
M87Q#^(TLDIM/%.M37-F7&UOL@.V%?P0*/PKBM+\G3H5BC"C/_CU9-SK<NJZI
M.T4>Q)&PB#[L:=EK2MY([",%E=Y/85C"V[*G<VK1L#S&_A^[7C/BI99O%=Y<
MH%NH2^UP/O1XKTR7Q&R0R!TD545OF8<"O(6FO8#)/`!OBE=I<_\`+132KST1
M*\S:M+.&8JT,TMO-C.#6WI/BG4O#4J^?']HA'\25B>']:M-?VQM^YN#_``-_
M2NCMXYK2/:8RZ?\`CM3'76+L-G8>%?B!9ZOM42JK_P`2-PU=A;[+BW93\Z2+
M\RM]UJ\=BT$:O,6,8B;^%D^5EKK?#UKJVC*$AN_M$8_@F_QKHA)]42TNA[;^
MQ?\`M#WG[&_[0^C:QYDC>'[F86MT@;Y3`[?-&WTZCW%>W?\`!8W7K+7/VU+?
M4].G2XLM4\*V5S!*ARKHQ;!%?(<ETFL:;);WULR"5=K=UJ*7XAZYXS\50V>L
MWDNHG0=/CL+.63EOLRDE$/TSBNA5;0]GW>AV0Q36'E0?6UOO1=OY%B#G[S-6
M=IFG&9QOXA!)VY^]5K4&++N/2N4M)C)XGD@2[:-V;@9-<\MSF^R=XNAVA4?N
M&_`T4S3[F:TM$C>4NR]S1561G=GDVH>(4BU%DP+;YOFP,;?PKJ!X?2ZL(G1Y
M)A.N[S`^UEKUW_@K_P#L7#]A#]O_`,9^"XK6XC\,W,HU;P\\HSOLIN54$]2C
M93)Z[:\,\+ZO<PQH7<):_P"UU;_9%94W?<UFK:GN7_!.EOAO\+OVX?A]KWQ@
MM[G7_A[;WZI>6<S!X(I6^6*>1>-\2.0S*>H!X->7?\%&+/PK:?M\?%^+P+<0
M7'A"7Q)<R::ULH6`1NV[$8''E@DA<=J9J2"\MB7B(15W$O\`=6O#]5U6?1O&
M-Y)?3+/YLFYAW`HK<J2T(BV:\6DQSPJNS#J<JX^]78>&DGCL]L[>9C[N:Y73
M_$FGZAM\F8!_[F[%=/;:HY@51$QQ_$:4$N@2;ZG36MQ''$,!16G;W0,>XY^M
M<O;S-(HPC,:U;59I(U5VV`^E;IW(.DTN]\RV=@V['K6"LGE?$)Y3TN+8;3]"
M?\:T/,&GZ>J?=W=:S+J53K=B^2KX:/\`,9_I3D[V'<WKIC)!7/1VEM:ZVT\J
MX:3!63'RK6\S9MV7/\-9EPC^6#%M:2+G:?NLM$][E+:QJ+8K<*'5HW#=]]%9
M/VJR.-T4@;T`Q14BNS]WO^#J/]C?2/BU^QC:?%G?%:^(?A;<JC/LR;ZSG<(T
M.?57*L,\=?6OY[?"%\UUJL*/EMQ^7/\`#117/3W1H_A.PU&](+I+N<)_"/NU
MYGXETR'6_'*S2QQM'?1DA2.5*\445O4U6IG%ZF)K^APZ62?*B.U\<#%;'@?7
MV@MQ'AV1FX#'.***YT[2T+W6IW>EW(D@3CFMF(]3U`HHKJ6QD5;ZZDGF0,Q*
MCG%8=_XQEL?$.G6BPPO'?W`!=A\\>`>E%%)LN#LSL5D;Y@3DBL76=1.E1-+@
=LRL!^M%%5+841MYJ4OG91@H8`XVYHHHK'F91_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>67
<FILENAME>threlkeld.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 threlkeld.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``(!`0(!`0("`@("`@("`P4#`P,#
M`P8$!`,%!P8'!P<&!P<("0L)"`@*"`<'"@T*"@L,#`P,!PD.#PT,#@L,#`S_
MVP!#`0("`@,#`P8#`P8,"`<(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`S_P``1"`"6`&0#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#]_/NBBBB@
M`HHH)X-`#)9%@B9W=551N9F.`!ZUP&K_`+3G@;1[M[?^W[6[GC;:Z6Q\[8??
M'`KY2_X*%?M6:YXEU75/!OAFZ:QT&P7R[^\A;$EY+WB4]D'?UKQ[]G[PG.N9
M)+QB)=K``9Q]*\W&9I3H2Y6KL]O`9)6Q4'-;'WWI_P"V5\/=0U-K-M<6VF5L
M8FB95_/'%>CZ'KEGXCTV*]L+J"]M9AF.:%PZ-]"*^+!\+(-<TP0,$)=OWA,8
M+?G7:_`SQK>_`+Q3IFBW-RTWA74Y?LY1TYLYFX1L_P!TG@U&&S6G4DHO2Y>+
MR.K2@Y+6Q]6449XHKU3P0HHHH`****`"BBB@`K$^(NKOH7@35[V/YI+:TD=/
MKMXK;KYF_P""JG[0/BC]F?\`94O/$GAFQM;W-Y'::B9E)$%M(&!<>X.!^-3.
M:A%R>R.C"T)5ZT:,-Y.Q\/?$;QXUY=S:>)%5[R9FF!7YOO>M>M?!*&+2?#MG
M(ZDE/E5O[U?(WCCQ8+SPI:W_`)=Q?>)]9$=S8RI*(K;RG&=I7DYSWS7N7P3U
M?Q_IDFE65]93RQW:@MY40:WMU`_C;J6^E?"XGFJ5[IGZ=EM.-'")-/S_`%L?
M8_AF_MIM+:7R2QD7Y-OK6#\0[)=:T&ZB4&-]N5P?NL.0U<'X6_:/ABDU32X6
M>XO='`+P11\`G@*?3FK&D?%2^\76Z-/IK:?-<,5\B16WL0<;LXQ6MI-6AT]#
M*I&,=9;2VW9]D_!WQ!+XI^%^AWTS%IY+5%F)[LHP?U%=37!?L_7H7X?Q:8\4
ML-YHSFVN4D7;B3[W'J,$<UWM?;1O9<VY^9UH\M1KS"BBBF9!1110`FX>M+3?
M^6=-H`DKPW_@HSX$'Q-_8B^)&CF$S-<:1(Z@#)!4ALCW&*]RK"^("P/X"UK[
M4D4EM]AF\Q9%W(PV'(([BE*/,FNYMAZKIU8U%T:?XGX?>,?A^R6'AB>`@1Z+
M8V]LT:G!#!!P*^POV<O%L8^%D][?3.4L86*1'E]VW[M>!Z-/8>(?&LP@\EK(
MS*4@3GY,\_EZ5]&>+M%3P!\(VN_#MG!=7$KB2.*9]J2+C)YQ[U\-*E^^<^A^
ML87%Q^K*G:[;T/!_V*_B/:>//BMXSEO[V.QNVNFF\N52CE?X%/\`>-?6FE>+
MTNM.%U%M-W8RC?#(GXAOH:\M^&FDW[POK(\#Z?%?NN]!\H9S]<=.3S7K.G:&
M_CJ*"XDL/[/U!]L,T4;95CV`/&:NG1LER/4TQN-4I7JPLK6W3MIY=SZF^&=N
M1X-L[F0AKF_07,QQU=N3_A^%='6?X<T[^R/#]C:MU@A1#^`K0K[=7MJ?D%25
MY-^84444$!1110!'115;4M2@TBPFN[N>*UM;="\LTKB..-1U+$\`4`6<_G7P
M+_P4*_X*U>&O@9^U?X<^#2WUL;?5K=XO$%XK@C3)Y,"WB8]LC);TR*\T_P""
ME'_!?[3/AK]N\'?!"6SUW78U>*Z\1RCS+.R;IM@'_+1_]H_+]:_&;QCKMW\3
MO$.H:WK-S<:EJVJSO=7=W.^99I7.6)/<YKLI89M7D0ZJ6Q^HGQD^#>M?LS_%
M*/QSIUC<:KX7N)3+>Q6_S"(-UD4?W<<U]*?#SXL:!XN\+V=FLL%UI^IJL]JS
M?=P1]WVYKYC_`."/7_!1W1/$V@:=\'OBQ<1M<Y%IH.KW9!CN$/`MIB>_92>O
M`K[J\8_\$VM/6*2Y\'7"6<;2><=-D;]R'Z[HS_#].E?/XS*)4I<U-77;_(^D
MP.=1G%4JS<6MI?YH@\)VUW',ML@S&KA4X^4)7L7PE\%6^M^(8[M-CVFE'!=?
MNRS=<?A7@TO@[Q3\/H4TR_L]3A=TVK(<NF/]X<?K7D/[>'[=OCW]@*\^'^M?
M#S4]'\2>#]?M)K>^L+J,2P/>1,#(1(N&20@XQG''2HRVC[2JX\K5N_<Z<XKS
M5&,U)/FT]W]3].**^._V!_\`@L3\//VU)+;0[Q_^$-\<,N?[)O91Y5X?^F$G
M`8_[)P?8U]A[L=3S7LSA*+M)'RMQ:***D`HHHH`X/X_?M!>%/V8OA7JGC+QG
MJD6E:)I<>]Y'YDF;LB+_`!NW8"OP6_X*3_\`!:7QK^W'J]SH&B-=^$_AU'(1
M%IT,I6XU%>SW#CKZ[.@]Z\,_X*6?\%7_`!U_P44^*[W=Y/-HO@K3IBNBZ!$_
MR6Z_\])2/ORG')[=!7BGA=96C62<?ZS^(UW4*:OYD5961N6K%U`QG=Z54EL[
MBQE>2'][$[9:,_>S[5N1:>D,*MN&,9IEQ:LX#1,!(IRN?NUW<CL<SFBQIMMY
M<4;!I$D3#@@X*GJ#]0:_;?\`X(=_\%,V_:&\(+\+?&^H!_&_A^WSIEU,V'UF
MT7^$GO*@Z]R.:_$RPNQ,`Q&UU^^A_AKI?AI\2M:^$GQ"T?Q5X<OIM.UW0KA+
MJTG3Y2C+V]U;H1W!(I5:2G&P1FXN[/W*_P""I)^)WA>_T[Q3X;UZVMO"NGP"
M&>Q=0NY\DE]YXST&#Z5PFE?LQZ7_`,%%_P#@FU<KJ%BNF>+8Y)KRTFB&V--0
MBSLE7L0Z_*WKGUKL+/\`:7TC_@IE_P`$Y[S5]/DAM-7@D@M_$%@W6QN%90[>
MR,/F!]..M>K_`+,_BC0/ACJ>C_#"%D@N)M*-W96X'6.+`<_7G/OS7S4DJ.-C
M:-FUJ[O5]%:]NE[GZ!3KRQ7#DJ+ES2IS3C%1BN6"BW)N27,TW);O2SVT/YXM
M4M=1\):_-#*EQ8:QHUTT4NUC'+;3QM@X(^Z01FOV._X()_\`!0GQ!^TAX?\`
M$7PY\;ZM+J^O>%H([W2[RX;=<75FQVLCGJS1MCD\X85\9_\`!<+]DRY_9S_:
MW;Q59VV/"OQ(4W,4R#"0WB`!T/N1@^^357_@@G\0[?X<_P#!1W2;2XX'BK2K
MK2XST4-@2#]4Q^->]/\`>4F?#W:E8_?.I*CZ<45Y9H/W#UHIE%`'\;FD>'$T
M9I9;JXCF:W^\R\IN_NKZUKV.HR3M&V[?`W_CM<M<ZLVI*L296%?X16_X=M!<
M6Z(VXA:]:E9.T3FF]+L[/0=>;5+:>(I\L7W''W6K0TV?S(<?Q+63I")`JJGR
M8IUOJ'V377CS@25V:V5SGN;4\/SJZ-LE7OZ_[-21W._#'Y67[P_NTQ6[]<T2
M1[@6'#K1R@F>[?L0?MC:O^R%\0;R]@$E]X;\1VAT_7-.W?+<Q'.V0?[:=0?J
M*^UM;_:<N6^"6O?'K3IS%K6G7MGI?AL%LEHD93(#ZALG(_"ORWL;WY]N<`?>
M']VO>?V>/BAXA^*%UX#^#DKQS>&KCQ!'/&GW9(R[99<^G4_C7E9E1@E];>KI
MJ32[MII?=<^RX1QS]O\`V7*T88B4(SDW;E@I*4DO\25OP/UV_P""I7P77]MC
M_@FU=ZA96^==TNR@\1V"!<O%.J!Y$'U4L/QK\0_@)\7+CX2_&/P3XVM@5N-!
MU:VNF4';RD@#(?8C(/XU^\GP3^+L.H?M4>(?A+.RR:4GAN!E_NQR_,K)_O%.
M?H*_#C]N+X%']G7]J_XD>!1N2VLM0DNK`'M%)\R_H<5&6U_:0N^OYIV?Y'F9
MS@)83$.FU:Z4E_ADKQ_!H_IKT#6HO$F@6.HP[6AU"WCN4*G((=0PY_&KM?,_
M_!'OXCS_`!/_`."<WPQU*ZG>YG@TYK)Y)#N8^3(T8_117TQ7/-<LFCAN%%%%
M2!_%_P"';/SMK+NX[5VFAQ^2RKTKG])2/3[->\GK6]X;1KG<[<U[5&-E8XZL
MCH[)MLBCO6;K-X+?5@Y/^U5^.3RU^85QOC+5RFJH6Z'Y>#71-V1E$]"T35A<
MPJI;K6HL@;YA7FF@Z\_RXKL]-UH2PJQW;J(SN4U8OW:^2YD3.Y?_`!ZMKP1X
MTO?"NNZ?J^EW+VFHZ5<)<V\J_?@D0Y!_.L"2\$C;690/:JOVM[.7S8S\R]C_
M`!4VDU8$VFFMS[W\!?\`!1G7M.U'4?BP+*.#7-0\5:7%<K$<DQQQA9$!/02#
M=],UH?\`!PUX".C?M7^"O']I;^7I?C[1%_>_]-D`RK?@PKXN^$>M2:_XOT'2
MUNO)L=1U:V,\<C8BWK(`I?TZGGWK]"?^"[?C"Q\7_`[2_#:[7U?P!>V6J*W\
M7V:=2AV_[.Y1^E>(Y*AB8T(Z12T]6Y-GV>,_X4,`LPLO:\S4K/:$84HQTZ:W
M^;9]/_\`!MKXRF\2?\$_[K39V9O^$?\`$=W:(#_""$D_FQK]!`<@&OS<_P"#
M9=O^,1/'*]O^$LD=?Q@CK](ZG$*U1GS47H@HHHK$9_&?I-NS0('.0E==H6+>
MV#=6-<U;,(8T5FQ6_P"'YC+%N;H:]^DCAF[FI?3B&S9]RDE:\\UF[%UJPR&8
M*:[#Q-=^5IC#=G->17GBR[77YXX41U4[>32KR2W%!'?:*-\G0\5T^FR-LVUY
MIX<\5ZA=R.D=FC^6/F._&ZNALO&<T(VS6D\;>WS5,9*Q33N=[;QNL*/\M.G8
MQIN;M_LUS^A_$*`PM%*DP*]\5KS:Y!?VW[F89/:MTXO9D:K<DCN'LW2XA)XY
M<*<'.>#_`+PKWOXW_M!:]\;?V9=?\8:Y.D^H:?\`V;X<W@Y:YB0'#/[GKGU%
M?//]H"-1_2JMSKB3Z;?:;+>?9+*\C+[68^6TB#*@C^\>@^M<F,C!+VMKN-[?
M--?J>UE%>:E+"<ZC"K:,FU>R4E+3SNK?,_<__@V%UH7/[+_C^SSEK?Q"DW_?
M<"_X5^FH.>?6ORC_`.#6C5H[CX4?$^V!Q+'?V<K+_=!B(_H:_5RN#%_Q7_70
MXX/W4%%&<T5S%'\8UG=-?3=_O5U>E_N[157;^-<1X<NRSE1]TUU^GLYCW;L[
M?_':^@I'%-ZD'C6X:.P.]\#T'%<7968F8K*BE&;=NV_-6]X[D9K5V#L6]365
MX?)NH=K`EEI5-9"B:VCV<%NOR)BM>"QCD;=\V:H6,?E**T+=CP?6JBD*3+EC
M811,^%W-3KRS>2+Y!L:BSDS*^ZI+JY,<?WJJR%<I0Z9<,NUKA<&L[Q3I<8T*
M\9G=Y44E`/[U:\D_V>U:1VZ]S63!*=4N&4\QD$8J));&D9:W/V$_X-.O%XFU
M3XL:5)(3+<VMA>*#_L[E/\Q7[0DYYK\`O^#5;QKY'[8WB+2Q+A+[PW/&R9^\
M\<R$?IFOWZ,N!7D8E>_?R.J&PXX[T5`9OK167*RC^++P[,VY!GAJ[G2/WR`'
M[OI117NT=C@J&!XZNC([P#K'C<?\*J^'8A'+MY/RT443^(%L=#$FU5JQ#$6&
M<T459*99T_DR'NM2L%0!V&[;110,Y[6=5DU.[\LY6-6Z5>T$".95Q1162>IH
MWH?3'_!O'\3+KP?_`,%5?!=I`TRV^J7]Y92JIQN1H7X/MD`_A7]/TS;6(]#1
:17EMWC%O^M3OK)*K)(KM.VX]:***+(P/_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>68
<FILENAME>infocirc-graph1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 infocirc-graph1.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``(!`0(!`0("`@("`@("`P4#`P,#
M`P8$!`,%!P8'!P<&!P<("0L)"`@*"`<'"@T*"@L,#`P,!PD.#PT,#@L,#`S_
MVP!#`0("`@,#`P8#`P8,"`<(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`S_P``1"`$5`?8#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#]LM?@U[QO
M\<]9T2T\7Z[X:T[1]"TV^2/3+>P<S2W%QJ".SM<V\QX6VC`"E0/FSG/%[_A4
M'B'_`**IX]_\!-%_^5]'A[_DY[QA_P!BOH?_`*5ZQ7>4`<'_`,*@\0_]%4\>
M_P#@)HO_`,KZ/^%0>(?^BJ>/?_`31?\`Y7UWE%`'!_\`"H/$/_15/'O_`(":
M+_\`*^C_`(5!XA_Z*IX]_P#`31?_`)7UWE%`'!_\*@\0_P#15/'O_@)HO_RO
MH_X5!XA_Z*IX]_\``31?_E?7>44`<'_PJ#Q#_P!%4\>_^`FB_P#ROH_X5!XA
M_P"BJ>/?_`31?_E?7>44`<'_`,*@\0_]%4\>_P#@)HO_`,KZ/^%0>(?^BJ>/
M?_`31?\`Y7UWE%`'!_\`"H/$/_15/'O_`(":+_\`*^C_`(5!XA_Z*IX]_P#`
M31?_`)7UWE%`'!_\*@\0_P#15/'O_@)HO_ROH_X5!XA_Z*IX]_\``31?_E?7
M>44`<'_PJ#Q#_P!%4\>_^`FB_P#ROH_X5!XA_P"BJ>/?_`31?_E?7>44`<'_
M`,*@\0_]%4\>_P#@)HO_`,KZ/^%0>(?^BJ>/?_`31?\`Y7UWE%`'!_\`"H/$
M/_15/'O_`(":+_\`*^C_`(5!XA_Z*IX]_P#`31?_`)7UWE%`'!_\*@\0_P#1
M5/'O_@)HO_ROH_X5!XA_Z*IX]_\``31?_E?7>44`<'_PJ#Q#_P!%4\>_^`FB
M_P#ROH_X5!XA_P"BJ>/?_`31?_E?7>44`<'_`,*@\0_]%4\>_P#@)HO_`,KZ
M/^%0>(?^BJ>/?_`31?\`Y7UWE%`'!_\`"H/$/_15/'O_`(":+_\`*^C_`(5!
MXA_Z*IX]_P#`31?_`)7UWE%`'!_\*@\0_P#15/'O_@)HO_ROH_X5!XA_Z*IX
M]_\``31?_E?7>44`<'_PJ#Q#_P!%4\>_^`FB_P#ROH_X5!XA_P"BJ>/?_`31
M?_E?7>44`<'_`,*@\0_]%4\>_P#@)HO_`,KZ/^%0>(?^BJ>/?_`31?\`Y7UW
ME%`'!_\`"H/$/_15/'O_`(":+_\`*^C_`(5!XA_Z*IX]_P#`31?_`)7UWE%`
M'!_\*@\0_P#15/'O_@)HO_ROH_X5!XA_Z*IX]_\``31?_E?7>44`<'_PJ#Q#
M_P!%4\>_^`FB_P#ROH_X5!XA_P"BJ>/?_`31?_E?7>44`<'_`,*@\0_]%4\>
M_P#@)HO_`,KZ/^%0>(?^BJ>/?_`31?\`Y7UWE%`'!_\`"H/$/_15/'O_`(":
M+_\`*^C_`(5!XA_Z*IX]_P#`31?_`)7UWE%`'!_\*@\0_P#15/'O_@)HO_RO
MH_X5!XA_Z*IX]_\``31?_E?7>44`<'_PJ#Q#_P!%4\>_^`FB_P#ROH_X5!XA
M_P"BJ>/?_`31?_E?7>44`<'_`,*@\0_]%4\>_P#@)HO_`,KZ/^%0>(?^BJ>/
M?_`31?\`Y7UWE%`'!_\`"H/$/_15/'O_`(":+_\`*^C_`(5!XA_Z*IX]_P#`
M31?_`)7UWE%`'!_\*@\0_P#15/'O_@)HO_ROH_X5!XA_Z*IX]_\``31?_E?7
M>44`<'_PJ#Q#_P!%4\>_^`FB_P#ROH_X5!XA_P"BJ>/?_`31?_E?7>44`<'_
M`,*@\0_]%4\>_P#@)HO_`,KZ/^%0>(?^BJ>/?_`31?\`Y7UWE%`'!_\`"H/$
M/_15/'O_`(":+_\`*^N:^,OA7Q5\-OA!XK\1V7Q/\:7%YH&CW>I017%EH[0R
M20P/(JN%L58J2H!PP.,X(ZU[#7!_M4?\FP_$?_L5]3_])):`.\HHHH`X/P]_
MR<]XP_[%?0__`$KUBN\K@_#W_)SWC#_L5]#_`/2O6*[R@`HHHH`*^<?VF/VU
M_'GP/^*$V@>'?@3XV\>Z?#!'+_:UCYZVTK.N2J>5;3`[>AR0<@\8P3]'45U8
M.O2I5.:M34UV;:^=TTSGQ-*I4ARTI\C[I)_G='QA_P`/-?BU_P!&K?$7_ON]
M_P#D"C_AYK\6O^C5OB+_`-]WO_R!7V?17J?VEE__`$!Q_P#`Y_\`R1P?4,9_
MT$O_`,!A_D?-W[-G[;?CWXV_%*U\/>(O@/XW\":?=0RR'5[XSFV@*(6"N9+:
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MT+1$M_W"7`C'VT22AP(?*J?%#XIVWQ`_X)O?%Z.*V_:'^'-M\)=7^RQZAXA\
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M\->&[+29+Q$)*+*UO&A<*22`V0"3CK7HM)/W%%N[NW]^R7DM]>K?2R0U>;E:
MVB7JUU?F]O1+K=OQ_P#:^_:2\4?LX>'='N_"_P`+O$WQ.NM3N'BE@TCS,6*J
MH(:0QQ2L-V<#Y,?*<L#@'P3_`(>C?&#_`*-,^)/_`'W>_P#ROK[;HKAK4*TI
M7A5<5VLG^:/H<!F>74:*IXC!QJR5_><ZB;^49):>A\2?\/1OC!_T:9\2?^^[
MW_Y7TJ?\%1OB\74-^R;\2E4GDAKTD#Z?V?7VU16?U7$?\_G_`.`Q_P`CM_MO
M*/\`H71_\&5?_DCXF_:EOO$MY\8/#'Q*U-?&#^!-#@T.[UK3O#7Q+N_#FM_#
M^8RFYD.H:2LR6&K6LW[B*5)C]H5/-$,<Y90OG_AC]J#QAX=^,^M_&S2K'Q7X
MFT#XN?:=-^&'A[4O'%U'8ZY?QBSMDTB>RB%U8Z7,7L;^[BN8X_,,4TRW9MWA
MD!^X/&?[,'PT^(_Q4T7QWXA^'?@77O&_AM472/$.HZ#:W6JZ6$=I$$%S)&98
M@KN[#8PPS,1R36#/^P9\#+KQ!XIU>7X+_">35?'$4T'B.];PCI[7'B".:59I
M4O)#%NN%>5$D82%@SHK')`-=U)2@EK_-_P"36VZ)NV]M.JG%N+^7JRC*4FE9
M/E_#YW:VTOKNN223/E/]M/X7^,O&O[3&F&RT[XW:CXQ\1?#*\O+KPS\//C'J
M6D:5HFLI<64%O>*TU[8VQ@B,DRLWV8M,!O-I*P9:^KO&FCZ[JOPD\(^`M<U2
M#4O$WB6"VL/$%];1F&.Z@BC1M2F55*F-95#1*01L:ZC..,5J:-^R7\*O#GQ%
MT;QAIWPR^'UAXM\.Z>FD:5K=OX=LXM1TRR2,Q):P7"QB2*%8V9!&C!0I(`P<
M5U2^#;<^/&\0R3W4MT+`:?#"Y7R;5#(9)&0!=P:0B(/EB"((\!<,6N*C&FJ2
MVNV__`IR22OVDHRUNTEJU&*,'&3FZC>MDE_X#"+?R<7):6NWI[TK_$?_``[:
M\%6_[2%K\)_^$T^/+>$I/AK--)!_PMOQ(D;W`NX[;SOLZWHM0/+9AY`A%MSC
MR=ORUO?`7PAK&@?M9WUKXUU+QCK&G_$:QUFT\/>*/#WQ7U&]\.Z_"\QE,3Z1
M)<*=(U"UMH%5)M-5H?FG)FBD=(A]+2?LH?"V7XXK\3W^&O@!OB4G"^+#X>M#
MK@_<^1Q>^7Y_^I_=_?\`N?+TXJMI/[''PAT#Q#XNU>P^%7PWLM6^($%Q:^*+
MV#PS91W'B2&X8M/'>R+&&N4E8DNLI8.22<U,+J$(O6RFGV?-*32]$FH^B6C2
M26D]:DII[N#7E914OO:<O5O5/5_&WPB^$::%^TBOP$\2_$+XJ:EX>M/$]]XE
M\.^,E^+?B1M1\1-#!$TGAJYD%UQ<6JR^8\(D5)+>%)%B:7[6\/MW[76J7WQ+
M_;,^%7PBUGQ7XA\$^`/%NB:OK,DNA:[-H6H^*M3LY+3RM+COK=X[J)4@EGNF
MCMI(Y95MSEC%',C=K/\`\$S?V;[GPM::%+^S[\$)-$T^ZFOK73V\"Z6;6VN)
MDB269(C!M61UAA5G`!811@DA1CT?XG?!/P9\;/A_+X3\9^$?#'B[PK/Y?FZ-
MK6EP7^GR>6P:/,$JM&=C*I7*_*5!&,52TC!/WN7>^TGR\J;WVM%I=7%-O5BM
MK)K3F3VZ:WMZ.[OM;F:C:R:\A\9?$AOV2O#_`(6^'WPZCN/B-XH\2^(9M$TB
MS\8^.KDQ:;*EB^HS0WFJS1WMZ2+>-I(XW2YG;SD`VP*7BX_2_P#@HSXY\<:C
MHGAGPG\&8-;\;WUUKNEZD\OC2UM_"^DW^CSI#=1'4%ADNYHVWC8\>GEMSHDL
M<+"80>XR_LA?":X^"$?PQD^%_P`.W^&T3^8GA-O#=F=#1O.,^X67E^0#YQ,F
M=GWSNZ\UGZQ^PI\$/$,6BQZA\&_A5?)X:TJ30M(6X\)V$HTK3Y$='LX`T1\J
MW9))%,280B1@1ACF*G,^:S]&^]EJ_G>ZU;NGS:-2J/*K65K;_>_S37DK6MKS
M+YT'_!6_QC9_"SPMXTN?@-?W6C_$+0]-U[PQ9:;XOLYM5>WNKRPLW:_CGCAM
M[8"74(#'Y-Q<M(K`R+;G>$[%?^"@WC@:[/X#D^&GA)/C"OBQ?"T.E_\`"<R?
M\(T[-I`UCS6U0Z>+A6^R;AY`L&E,@&%,.;A9OVF_^"4/PS^*/P@M_#WP\^'O
MP&^'VK6JQ6,&HWOPQM-5AM]-%RUU/81PP36;)#/*S^8HEV,)I@4)D+#U3P]^
MQ?\`"ZS_`&=[3X8:E\,?A7=>"\1SWOART\(6EKX=N;L,)'G33F$D29F'F`,7
M93C+L1N.DFFY<JMKI\Y77W1]UWW;>BTD2M'WNG\O=LK[7?-KII9+7='D\'_!
M13Q/=Z;X/N(OAI9-#<>+KWP9XTOH=8U#4=,\+WEI=I;RM#/8:7<F:)LRNLUX
MEA`@B*3RV\I,:^2?'_\`X*8^//V?[CPIKGA7X>QS>##)XUOO$6C>)/%5U-X@
MN)]+U1;:2*V,%MJ"D;YFDA@CE"89(5,*1JK?8&H?L<_"'5H/!<5W\*_AO<Q?
M#@JWA))?#-DZ^%RK(RFP!C_T4AHXR/)VX**>PQC2_P#!//X`S^#[/PZ_P-^#
MS^'].U"35K33&\&:<;.UO)%59+E(O)V+,RH@:0`,0B@DX%9R3Y59ZJ_H]$MN
MB3NTKM[1<G;F*36SVO?T7OZ>NL5>W1NRO8O_`+'_`.T'JO[2_P`&XO$>N>#]
M7\#ZO'>365UIM]8:I:(60@B6#^TK&PNI(65EP\EK%\P=0"%W'U&N7^$/P1\%
M_L^>#4\.>`?"'A?P/X>BE>=-+T#2H-,LDD<Y=Q#"JH&8CDXR>]=16LW%OW5V
M_+7\3*"DE[SZO\]/P/$/B'^U/XO\'^--1TO3_A'XIUJSL9C%'?1&41W('\:[
M('&T]OF/O@Y`QO\`ALOQY_T0_P`7?]]7'_R+7T117SM7+,PE-RCC))-Z+DIZ
M>6L2'3G_`#?@CYW_`.&R_'G_`$0_Q=_WU<?_`"+6WX$_::\4>.]3NM/UCX?Z
M]X#LS93RMKM_N:UTXI&S>9)YL4:[1CNWUXR1[;00&!!`(/44H97F"=YXR4EV
MY8*_E=)->J:?9ETXSC-2<KV?9?Y'YK6_BGQ;\!?`WC7X<:[>_$#3/BW\8]*L
MO#OA/7K+XKW?B;PSJMW=)/''K=D^H7*W>C#SI\SP1*H"Q0)9M=2JM>Q_L;?$
M[QGKMZ/@O+X8U*]L?#D6I6_Q"U75?B+JEUK'@J>XFEDLM/M;R6W-SJ/FV\D<
ML-T;N*6.`I(_E.88W]OT+]@WX&^%OA]XA\):7\&/A/IOA7Q=)%+KFC6OA'3X
M=/UIXGWQ-<P+$(YBC?,ID5BIY&#5KPQ^Q5\&O!$NA2:+\)/AEI$GA>TNK#1F
MLO"]C;G2+:Y,AN8+<I$/)CF,LID1,*YD?<#N.?HN;1J2ONNB35O=32T2B[[)
M+6Z48ITY4U_*[6>G=/1.5V[MM):.]K:N3:DODS_@FK\+O'D'Q)\+Z[I]S\:I
M_"UC)XFMO$.O^,OB-=>)-'\50+J<\&G065E=7]S-#/"(HV-SY%LI2-US/YP9
M?H/XL?LRZ)^V=\3/[0\1ZKXNL=$\!7RVVC_\(YXAO=`N9KH0S+>,;NSEBG$9
M::&/$3QL'LF!9D=T;U#X,_`'P)^SEX3ET#X>>"O"7@+0YKAKM].\.Z/;Z7:/
M,RJK2F*!%0N0J@L1DA0.PJQIGPET2W^%TO@_4K2'Q%HE[:S6FI0ZM!%<IJZS
M[OM!N4V".3SB\A==@5M[#:`<4IZI=;+2_>]_/17:V[/>]U2C9-/2^C]+6?;5
MV3>O=;/3X7^#7[(MSKO[)&A^-/#OQ`\=3?$;79+SP^J>,?BYXD^R:U;MK*M)
M90W;W,]SIUQ)!8K&EQ8J)!R624#`V?$?P;D^-/\`P3MNH[;QA\7/A3XV^%FJ
MWLTL.O\`Q>U68V^H+.MS)I.H:MI][YU]I[B2."*5Y&N8H9(\".97CKZET/\`
M8D^#'ACX0:M\/=,^$7PPT[P#K]P+S4_#5MX6L8='U&<&,B6:T6(0R.##$=S*
M3^Z3GY1BMXJ_8*^!?COP1X<\,ZY\%_A-K/AOP<LJ:!I-]X1T^XL=$65@THM8
M7B*0!V52PC"[B`3G%2EHXMNVEGU35G=7O>SO:+]UWO[K<U.XV]V_2]_/1KI;
M5IZM6:22O+W>7S__`()[M9?%J;Q=\4[BY\=Z1XIUK4)-$UCP5K'C/4]6M?!,
M]ILC>T-G/*;>&X?8LS20Q*KI.AB>2)Q++XGX9\5VOQZ^'GQC^*OC77?C9XB\
M:_#+Q5JVEW'@;P-X]F\+2>#-/L;V9+3-DNH6-I<F2T1+]IM0:0SI*0@,0C@'
MV%X%_9&^%'PN^*>J>.O#/PP^'GASQMK?G?VCXATSPY9V>JW_`)SB27SKF.,2
MR;W`9MS'<P!.2*S_`(Q_L-?!/]HGQA'XA^(/P=^%GCK7XK=+1-3\0^%+#5+Q
M(4+,D0EGB9PBEF(7.`6/J:*B<K./N^[;J^5W3O'75:/JI>\_?6O,4DHW4M5S
M7?\`>C9KE?WKNFXKW=N7YX^)/[68^'GB/X5?&;4+?XF6&C7'PJ\1:WJ7A[4]
M8@26_BM3IDMO-<6MK<MI:7+"9V\]2HC28AGC12J9_P"U=^UC\0+CX=Z[X6\5
M>%8/!_Q)\+7/A7Q=I=M\/_B'<:A#JUE<:]#9&WEN'M].9&D*S1M#<1FVE20$
M2/LD6+ZU\1?LW?#OQ?\`%#2_'&K>`?!>J>-=$LVT[3O$%WHEM/JEA;,LBM!#
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MJ@<5K7O_``3>_9WU+0M%TNY^`GP7N-,\-M*VDVDG@C3'@TLRN))#`AAVQ%W`
M9M@&Y@"<FNY^'7[/?@#X/^*O$FO>$O`_@_PMKGC&X%WK^HZ1HUM8W>N3!G82
MW4L2*\[AI)#ND+',C'/S',2C>FXWM)IJZ\^6WXIOUM\KC*TKVNM-'MUOY[.W
MWZH^#?AS\4]-N_V'O#/[37B'Q%^T%\1_'5_-!-XFA\%^.ETRU\&Z@Q6.736T
M&[U*VTE4M)2MHT,T$]PS$/*))&>4?1/QU_;K\6_#WQ!XFM_#GPWT6_L_AQX3
MM?&/C8>)?&<6@WNEVDZ7,@AM(XK>Z@N9D2SN0SRW%M;;U15N&'FM%Z)K_P"P
MM\$?%?Q>7X@ZI\'/A7J7CU;R'4!XENO"=A-K`N8=ODS_`&MHC-YD>Q-K[MR[
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M@U-X8CU%]872'\%::U@MZ\8C>Z$!A\L3-&JH9,;BJ@$X`%;=[^QI\']3^"MI
M\-;GX4_#:X^'5A-]IMO"LGAFR?1+>7>TGF)9F/R5;>[MN"`[G8]235-Q5.4$
MKM\F_P#<YOQ]Y>KC=M7M'6C5Y*ZJRU2E*5MK\SNUUWM;HDG:SM=^*?%+]KOQ
M=^RLNL>"_!WPC\0>,M)^&O@2#Q?=>(/$7CAF6^LE\_SH4E<7VI7-YB!MGG1`
M2L'#2Q@(TG$?MK_M0>-_BCJT%MX(T>72_"/PU^+W@_P_K/B&R\=7.E:R;N?4
M]+^T6\FEP1!+C3Y+;45B9;FY!<R;Q;,BQS-]'R_\$_\`X#3PS1O\$OA$\=SI
M$?A^56\'Z<5ETV-D:.R8>3S;*T<9$1^0%%('`J'QU_P3N_9^^*&H6%WXF^!?
MP<\17>E6,&EV4VI^"]-NY+.T@7;#;QM)"2D4:\(BX51P`*JG.U6%2>MI<WK:
M?,K^D4HVZMMMNUI<U.'+34%_*D__``!1=O-RYG=W25E;6Z\(TK_@J]XT\?>&
M?B+K/A#X(WFI:9X)N99;.YUK4-5\/6FL:?;WDEI<RK>W>D+8FY!198K>VN;E
M98RVZ:*1?+;Z3_94^,^K?M!_!33?%VK:7X<TAM7DF:V@T;7)=7A$"2,BF226
MUMGCG!5ED@:+="ZLC$LK`9NJ_L%?`S7M;UK4[[X+_">]U+Q)=1WVK7<_A'3Y
M)]4N(W\R.:=VB+2R(Y+*SDD-R"#79?"WX*^#?@;HU[IW@GPEX9\':?J-[)J5
MW:Z)I<&GPW5U)CS+B1(54-*^U=SD%C@9)Q65)6@E/5V_'3_@^GG=<KDI<[:V
MOMY:_P!>>FUGS=-1113*"N#_`&J/^38?B/\`]BOJ?_I)+7>5P?[5'_)L/Q'_
M`.Q7U/\`])):`.\HHHH`X/P]_P`G/>,/^Q7T/_TKUBN\K@_#W_)SWC#_`+%?
M0_\`TKUBE_:#U'QGI_@5W\%:QX.\,7L1:XO=>\4V$NHZ9I%K$C/)(]M%=6KR
MEL!?^/B)44O(S-L$<DSFHIR?0J,;NR.[HKY/MOVO_B#!;_!&Z\5W>A_#I?&.
MGV<WB*.?X=:]KNGW5U/,D7V>+5(IH+?1MY*^7_:*.S&YC7:61E;<US]K7Q=I
MWQFEU"$>&'^&-AXYM?AQ=6#:?<?VV;^X6%5U!;OSQ"(1<W$<!MOLQ8J#-]H'
M^I&D87FJ:U;;7W2C#\92BK;JZ;25VLY348.<M$E?_P`E<OPC&3[.S2N]#Z4H
MK+\8>.M$^'NDB_U_6=*T.P:01"YU"[CMH2Y!(7<Y`R0#QG/!KES^U/\`#`=?
MB/X#'_<P6G_QRI*.\HK@_P#AJCX8?]%'\!?^%!:?_'*/^&J/AA_T4?P%_P"%
M!:?_`!R@#O**X/\`X:H^&'_11_`7_A06G_QRC_AJCX8?]%'\!?\`A06G_P`<
MH`[RBN#_`.&J/AA_T4?P%_X4%I_\<H_X:H^&'_11_`7_`(4%I_\`'*`.\HK@
M_P#AJCX8?]%'\!?^%!:?_'*/^&J/AA_T4?P%_P"%!:?_`!R@#O**X/\`X:H^
M&'_11_`7_A06G_QRC_AJCX8?]%'\!?\`A06G_P`<H`[RBN#_`.&J/AA_T4?P
M%_X4%I_\<H_X:H^&'_11_`7_`(4%I_\`'*`.\HK@_P#AJCX8?]%'\!?^%!:?
M_'*/^&J/AA_T4?P%_P"%!:?_`!R@#O**X/\`X:H^&'_11_`7_A06G_QRC_AJ
MCX8?]%'\!?\`A06G_P`<H`[RBN#_`.&J/AA_T4?P%_X4%I_\<H_X:H^&'_11
M_`7_`(4%I_\`'*`.\HK@_P#AJCX8?]%'\!?^%!:?_'*/^&J/AA_T4?P%_P"%
M!:?_`!R@#O**X/\`X:H^&'_11_`7_A06G_QRC_AJCX8?]%'\!?\`A06G_P`<
MH`[RBN#_`.&J/AA_T4?P%_X4%I_\<H_X:H^&'_11_`7_`(4%I_\`'*`.\HK@
M_P#AJCX8?]%'\!?^%!:?_'*/^&J/AA_T4?P%_P"%!:?_`!R@#O**X/\`X:H^
M&'_11_`7_A06G_QRC_AJCX8?]%'\!?\`A06G_P`<H`[RBN#_`.&J/AA_T4?P
M%_X4%I_\<H_X:H^&'_11_`7_`(4%I_\`'*`.\HK@_P#AJCX8?]%'\!?^%!:?
M_'*/^&J/AA_T4?P%_P"%!:?_`!R@#O**X/\`X:H^&'_11_`7_A06G_QRC_AJ
MCX8?]%'\!?\`A06G_P`<H`[RBN#_`.&J/AA_T4?P%_X4%I_\<H_X:H^&'_11
M_`7_`(4%I_\`'*`.\HK@_P#AJCX8?]%'\!?^%!:?_'*/^&J/AA_T4?P%_P"%
M!:?_`!R@#O**X/\`X:H^&'_11_`7_A06G_QRC_AJCX8?]%'\!?\`A06G_P`<
MH`[RBN#_`.&J/AA_T4?P%_X4%I_\<H_X:H^&'_11_`7_`(4%I_\`'*`.\HK@
M_P#AJCX8?]%'\!?^%!:?_'*/^&J/AA_T4?P%_P"%!:?_`!R@#O**X/\`X:H^
M&'_11_`7_A06G_QRC_AJCX8?]%'\!?\`A06G_P`<H`[RBN#_`.&J/AA_T4?P
M%_X4%I_\<H_X:H^&'_11_`7_`(4%I_\`'*`.\HK@_P#AJCX8?]%'\!?^%!:?
M_'*/^&J/AA_T4?P%_P"%!:?_`!R@#O**X/\`X:H^&'_11_`7_A06G_QRC_AJ
MCX8?]%'\!?\`A06G_P`<H`[RBN#_`.&J/AA_T4?P%_X4%I_\<H_X:H^&'_11
M_`7_`(4%I_\`'*`.\K@_VJ/^38?B/_V*^I_^DDM=OI^H6^K6$%U:SPW-K<QK
M+#-$X>.5&&596'!!!!!'!!KB/VJ/^38?B/\`]BOJ?_I)+0!WE%%%`'!^'O\`
MDY[QA_V*^A_^E>L5C?M7_LN2?M5>&-&TD_$+QSX#M=)U%-2D'AV+2IEU-X^8
MDN8]0LKN*6)'PX38!O56.2JXV?#W_)SWC#_L5]#_`/2O6*[RIE%/?R?W.Z_$
M:=OR^_0\2U/]C6_\4_V/9>(OC%\5O$OABQ@CCU3P_?#14L_$TJRM,9KR6'3H
M[H%I"NZ&VG@MRL:Q^4(B\;:$O[&^AR_'4^,SK_B5=,;4U\0/X2'V+^PI-86`
M0+JA'V?[5YXC"_(+@0;U$OD^=^\KUVBK3L^9;Z_BT_S2:[-)JUE:6KIQ>S5O
MPM^*;3[IM.Z;"N#_`&<?^2?:C_V-'B+_`-/5]7>5P?[./_)/M1_[&CQ%_P"G
MJ^I#.\HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`K@_P!JC_DV'XC_`/8KZG_Z22UWE<'^
MU1_R;#\1_P#L5]3_`/226@#O****`.#\/?\`)SWC#_L5]#_]*]8KO*X/P]_R
M<]XP_P"Q7T/_`-*]8KO*`"BBB@`K@_V<?^2?:C_V-'B+_P!/5]7>5P?[./\`
MR3[4?^QH\1?^GJ^H`[RBBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH
M`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`
MHHHH`****`"BBN1\8?'_`,"?#X/_`&[XS\*Z.T><K>:K!"_3.`K,"3CL!FM*
M=*<WRP3;\M2)U(P5YNWJ==17S]XP_P""I'P+\&;DE\=6VH3+G$>GV=Q=;L>C
MHA3\V&:\ZU/_`(+1^`]2O'M/"G@[Q]XJO%Z+!91QH_/&,.S]`3RG]<>G1R#,
M:BO&C*W=JR^]V//JYS@8.TJL;^3O^5S[&HKXQ_X;Y^/OQ!X\(_LYZS8H_P#J
MYM:EF1''][YXX!@C'1B/<T9_;:^)/&/AU\/]_?\`=3;/_2KU]^GY[_ZOUH_Q
MZE.'K-7^Z-V9_P!LTI?PJ<Y^D7^;LC[.HKXP'[!'Q_\`B$,^+OVC-7L$?_60
MZ)%,B..A7Y'@&"/52/8UZO\`LG?L)6/[+7BW4]?_`.$S\7>*]6U:T^QSMJ=R
M#!MWJ^\1\G?E0`Q8X!8#J:QQ&`PE*FVL2I26RC&5G\VDC2AC,34FDZ#C'NY+
M\E<]XHHHKQSTPHHHH`*X/]JC_DV'XC_]BOJ?_I)+7>5P?[5'_)L/Q'_[%?4_
M_226@#O****`.#\/?\G/>,/^Q7T/_P!*]8K$_;"L-!U+X8P0>)M=\8Z9I,]Z
MD2:?X3U>\TC6O$-T5;[/96]S9RPW*EG^<K%(FX1?O'$*RAMOP]_R<]XP_P"Q
M7T/_`-*]8J3XX?LQ?#7]IO3+"R^)/P\\#?$*STJ5I[*#Q+H-KJT5G(PVL\:W
M".$8@`$K@D"LZL7*-EY?GT\^WG8N$K._K_7IW\CXOUG4/'WA#X=:]+J_COQ?
MK'C_`.!GAKPW'X?-GXCN/L_B'4KFXG@GBO(83'!JDD\T*V!>YB<+)"[QK#,S
MFO0-?\8>(IOC[<>,+?6O%<?B6P^+5G\/X/#ZZS=C2I]$>UMY9@VF[_LQE$,D
M]_\`:FB-P%C`$ODX2OHJS_91^%NG7_@R[M_AKX`M[KX<PM;^$YH_#UHDGA>-
ME"LEBPCS:JP`!$.T$`"M5_@;X)D^+J?$%O!WA9O'L=A_92^)3I-N=76SW%OL
MPNMGG"'<2?+W;<G.*WC*U957JKMVZ?%&5_62BX2_NS>KV>$H-TI4UI=6OV]V
M2[;1;4UYQ6VYJ^,/$-YX:TD7-EH6J^(9C($^RZ?);),`0?GS<2Q)@8_O9Y&`
M><>1?`/XIZ[8^!K](OAKXUO5;Q'KLADANM("JS:O>,T9WWRG<A)1L#:64[2R
MX8^XUP?[./\`R3[4?^QH\1?^GJ^J#0/^%O\`B'_HE?CW_P`"]%_^6%'_``M_
MQ#_T2OQ[_P"!>B__`"PKO**`.#_X6_XA_P"B5^/?_`O1?_EA1_PM_P`0_P#1
M*_'O_@7HO_RPKO**`.#_`.%O^(?^B5^/?_`O1?\`Y84?\+?\0_\`1*_'O_@7
MHO\`\L*[RB@#@_\`A;_B'_HE?CW_`,"]%_\`EA1_PM_Q#_T2OQ[_`.!>B_\`
MRPKO**`.#_X6_P"(?^B5^/?_``+T7_Y84?\`"W_$/_1*_'O_`(%Z+_\`+"N\
MHH`X/_A;_B'_`*)7X]_\"]%_^6%'_"W_`!#_`-$K\>_^!>B__+"N\HH`X/\`
MX6_XA_Z)7X]_\"]%_P#EA1_PM_Q#_P!$K\>_^!>B_P#RPKO**`.#_P"%O^(?
M^B5^/?\`P+T7_P"6%'_"W_$/_1*_'O\`X%Z+_P#+"N\HH`X/_A;_`(A_Z)7X
M]_\``O1?_EA1_P`+?\0_]$K\>_\`@7HO_P`L*[RB@#@_^%O^(?\`HE?CW_P+
MT7_Y84?\+?\`$/\`T2OQ[_X%Z+_\L*[RB@#@_P#A;_B'_HE?CW_P+T7_`.6%
M'_"W_$/_`$2OQ[_X%Z+_`/+"N\HH`X/_`(6_XA_Z)7X]_P#`O1?_`)84?\+?
M\0_]$K\>_P#@7HO_`,L*[RB@#@_^%O\`B'_HE?CW_P`"]%_^6%'_``M_Q#_T
M2OQ[_P"!>B__`"PKO**`.#_X6_XA_P"B5^/?_`O1?_EA1_PM_P`0_P#1*_'O
M_@7HO_RPKO**`.#_`.%O^(?^B5^/?_`O1?\`Y84?\+?\0_\`1*_'O_@7HO\`
M\L*[RB@#@_\`A;_B'_HE?CW_`,"]%_\`EA1_PM_Q#_T2OQ[_`.!>B_\`RPKH
M?B1\1=&^$O@75/$GB"]BT[1]'@-Q<SOT51T`'5F)(4*.22`.37R)I'_!3CXH
M_%^R-[\._P!G_P`0:KHTSL+74[JYD,%RJM@D;8E0$%6!"R-@]^,'T<%E6)Q4
M7.DERK1MM15^UVUKZ'#BLQH8>2A4;N]DDV_N29]-?\+?\0_]$K\>_P#@7HO_
M`,L*/^%O^(?^B5^/?_`O1?\`Y85\W?\`"S_VT?'((M?A_P"`?"D#?<DN+B.2
M3WR#<R=P>J#AN_6C_AG[]L+QOG^V/C#X2T&W?I%IMJID3\5M4/)`/WSP3TZ'
ML_L-1_BXBE'_`+>YO_24SF_M9O\`AT*C_P"W;?\`I31](_\`"W_$/_1*_'O_
M`(%Z+_\`+"JFL?'[4_#UMY^H?#CQE8PC_EI<:CH<2_FVH`5\\G_@F!\1/%Q+
M>+/VC?'FIQOUM[83QQK]-UP5YPI^X.G?K5O2/^"*/PM2Z-SK.N>.M?N7^^US
MJ$2*W7^[$&_\>/2CZAEL?CQ5_P##!O\`]*<0^N8Z7PX>WK-?HF=[XG_X*3>"
M/!NX:C8W,,B?>B3Q%X>EE'_`$U(M^E<)JG_!;+X2Z3<M#)I/C>5UZ^1:V<R_
M]]+=%3^==YX9_P""6'P(\,;63P+#>RKU>]U"ZN-WU5I-GY+7HGAG]E#X8>#=
MITOX>>"[.1.DJ:-;F7_OLIN/YT7R:'2K+_P&/_R06S27_/N/_@4O_D3YR/\`
MP6T^'^L9AT'P5\1=8O>T(LK=0?3E)G/7_9H/_!2?XL>,AM\*?LW>,YHW_P!7
M=7[SQQ'TX^SA?[I_UGK]:^Q]/TVVTFU6"UMX+:!/NQQ($0?0#BIJ/[0RZ/P8
M6_\`BG)_ERA]2QTOCQ%O2"7YW/B?6/C=^VCXRM2^C_"GPIH$#_=:6ZMVN!WY
M$MV!TP/N#O\`0<?/\._VTO'\S#Q#KNOZ)`3@+H;:,"H^JW,)SR>K'MSZ?H11
M3_MZ4?X-"G'_`+<N_ODY!_8ZE_%JSE_V]9?^2V/SU_X=Q^)O&A(\>ZK^T%XN
M5_O@:CHL6_\`[_:G/VR/QKKO!_\`P3;^%WA?RS=?`[XIZ\\9R&U#Q!I8R<YY
M$.HQJ?H1CVK[<HK.IQ%F4E;VS2_NVC_Z38J&28&+O[)/U][\[GSMX/\`@?X&
M\!E&TO\`9FO898\;99;?0+B9<>CR7[,/SKT73/B5J^BV:6UE\(O&MI;QC"Q0
MSZ'&B\8X`O\``KT2BO+K8FK5=ZLG+U;?YGH4J%.FK4XI>BL<'_PM_P`0_P#1
M*_'O_@7HO_RPH_X6_P"(?^B5^/?_``+T7_Y85WE%8FIP?_"W_$/_`$2OQ[_X
M%Z+_`/+"C_A;_B'_`*)7X]_\"]%_^6%=Y10!P?\`PM_Q#_T2OQ[_`.!>B_\`
MRPH_X6_XA_Z)7X]_\"]%_P#EA7>44`<'_P`+?\0_]$K\>_\`@7HO_P`L*/\`
MA;_B'_HE?CW_`,"]%_\`EA7>44`1:?<O>6$$TEO-:22QJ[02E#)"2,E&*%E)
M'0[6(R."1S7$?M4?\FP_$?\`[%?4_P#TDEKO*X/]JC_DV'XC_P#8KZG_`.DD
MM`'>4444`<'X>_Y.>\8?]BOH?_I7K%=Y7!^'O^3GO&'_`&*^A_\`I7K%=Y0`
M4444`%<'^SC_`,D^U'_L:/$7_IZOJ[RN#_9Q_P"2?:C_`-C1XB_]/5]0!WE%
M%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`444
M4`%%%%`!1110`5'=W<5A:RSSRQPP0H9)))&"I&H&2Q)X``YR:DKXD_;5^.7B
M#]K7XOK^SW\+;DK'*Q'C#6H\F*S@4CS(-P_A7.'`/SL5CSRX/H9;E\\75Y$^
M6*5Y2>T8K=O]%U9Q8[&QPU/F:NWHDMV^B_K9'/\`C+6]4_X*S?M&#PQHT]W8
M_!#P)="74[Z,E/[;G!(`4]RPR$'\"%G/+*M?=OAGPUI_@WP]8Z3I5G!8:;IL
M*6]M;0KMCAC4850/0`5SGP%^!F@?LY?"W3/"7ANV$&GZ<GS2,!YMW*?OS2$?
M>=CR3VX`P``.QK?-<PC6<:&'7+2AI%=^\GYO\-C++\%*DG5K.]2?Q/\`)+R7
MX[A1117D'I!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1
M110`5P?[5'_)L/Q'_P"Q7U/_`-)):[RN#_:H_P"38?B/_P!BOJ?_`*22T`=Y
M1110!P?A[_DY[QA_V*^A_P#I7K%==XG\4Z9X)\/WFKZUJ-AI&E:=$9[J]O;A
M+>WMHQU=Y'(55'<D@5R/A[_DY[QA_P!BOH?_`*5ZQ7E/_!6_P5IGCK]@3Q]:
M7_A/5O&=[%:"71]-TSP_=Z]=G4<[;:6.UMHI9"\;L&$FPB(@297;N!=75W97
M7Y_U;N*5[-Q5W9_D>P_$#]HCX?\`PF\:^'/#7BKQUX.\,^(_&$QM]!TK5=:M
MK*]UN0,JE+6&1U>=MSHN(PQRZCJ15N;XU^#;?XLP^`9/%OAB/QU<6!U6+PXV
MJ0#5I+,,4-RMKN\TPA@5\P+MR",YKP+]HCXJZMJOQ;\&W?PXU?XSV/B[4;.P
MN(O#Z?#JY'AC7K.2?S&CU74+O3,:?)'";@E!>VT\9*AH97*0OR^N>$O$.H_M
M!7?@QM"\2CQ/<?%NS^(%OX@&A7AT:'1(;2WC=CJ0B^R^>T$,MA]F,OG_`+S=
MY9A_>ETDY3C":M=M-^DHQ_!2E-ZWM"2M'=*K)1A*<=;)-+O[LI?^3-*"\Y1:
MOL?9=<'^SC_R3[4?^QH\1?\`IZOJZCQA>:W9:2'T#3M*U._,@!AU#4)+&$)@
MY;S$AF.0<<;,')Y&.?(O@'KOQ%B\#7XL_"O@J>$^(]=+--XINHF$AU>\,B@#
M3VRJON56R"R@,54DJ$4>XT5P?_"0_$__`*$_P%_X5]W_`/*RC_A(?B?_`-"?
MX"_\*^[_`/E90!WE%<'_`,)#\3_^A/\``7_A7W?_`,K*/^$A^)__`$)_@+_P
MK[O_`.5E`'>45P?_``D/Q/\`^A/\!?\`A7W?_P`K*/\`A(?B?_T)_@+_`,*^
M[_\`E90!WE%<'_PD/Q/_`.A/\!?^%?=__*RC_A(?B?\`]"?X"_\`"ON__E90
M!WE%<'_PD/Q/_P"A/\!?^%?=_P#RLH_X2'XG_P#0G^`O_"ON_P#Y64`=Y17!
M_P#"0_$__H3_``%_X5]W_P#*RC_A(?B?_P!"?X"_\*^[_P#E90!WE%<'_P`)
M#\3_`/H3_`7_`(5]W_\`*RC_`(2'XG_]"?X"_P#"ON__`)64`=Y17!_\)#\3
M_P#H3_`7_A7W?_RLH_X2'XG_`/0G^`O_``K[O_Y64`=Y17!_\)#\3_\`H3_`
M7_A7W?\`\K*/^$A^)_\`T)_@+_PK[O\`^5E`'>45P?\`PD/Q/_Z$_P`!?^%?
M=_\`RLH_X2'XG_\`0G^`O_"ON_\`Y64`=Y17!_\`"0_$_P#Z$_P%_P"%?=__
M`"LH_P"$A^)__0G^`O\`PK[O_P"5E`'>45P?_"0_$_\`Z$_P%_X5]W_\K*/^
M$A^)_P#T)_@+_P`*^[_^5E`'>45P?_"0_$__`*$_P%_X5]W_`/*RC_A(?B?_
M`-"?X"_\*^[_`/E90!WE%<'_`,)#\3_^A/\``7_A7W?_`,K*\B_;!_;=\6_L
ME^`X;S5O"W@M]8UIFM=)L[3Q-<W=Q++C_6>4;"/=&A*EOG7.0H.6%=&%PM7$
M58T**O*3LC'$8BG1INK5=DMRI_P4*_;"U3X=_8/A?\.5DU+XH^,\6\"6QR^D
MPR<>:3_#(PSMSC:`9#@`;N\_8@_8\TO]D'X5+IZM'J'B?5MMSKFIX):ZFQ]Q
M2>?+3)"@]<LQ`+&O&/V'_P!E3XF?"O6-4^)?BKP_X7\1_$'QD/M,MUJ_B&>T
MNM,BD`)A\I+&54D/`;:_"A4`4`@_2?\`PD/Q/_Z$_P`!?^%?=_\`RLKU\RQ5
M.A2_L[".\5K.2^W+_P"1CT[[GFX'#U*U3Z[B59OX8_RQ_P#DGU^X[RBN#_X2
M'XG_`/0G^`O_``K[O_Y64?\`"0_$_P#Z$_P%_P"%?=__`"LKP#V#O**X/_A(
M?B?_`-"?X"_\*^[_`/E91_PD/Q/_`.A/\!?^%?=__*R@#O**X/\`X2'XG_\`
M0G^`O_"ON_\`Y64?\)#\3_\`H3_`7_A7W?\`\K*`.\HK@_\`A(?B?_T)_@+_
M`,*^[_\`E91_PD/Q/_Z$_P`!?^%?=_\`RLH`[RBN#_X2'XG_`/0G^`O_``K[
MO_Y64?\`"0_$_P#Z$_P%_P"%?=__`"LH`[RBN#_X2'XG_P#0G^`O_"ON_P#Y
M64?\)#\3_P#H3_`7_A7W?_RLH`[RBN#_`.$A^)__`$)_@+_PK[O_`.5E'_"0
M_$__`*$_P%_X5]W_`/*R@#O**X/_`(2'XG_]"?X"_P#"ON__`)64?\)#\3_^
MA/\``7_A7W?_`,K*`.\HK@_^$A^)_P#T)_@+_P`*^[_^5E'_``D/Q/\`^A/\
M!?\`A7W?_P`K*`.\HK@_^$A^)_\`T)_@+_PK[O\`^5E'_"0_$_\`Z$_P%_X5
M]W_\K*`.\HK@_P#A(?B?_P!"?X"_\*^[_P#E91_PD/Q/_P"A/\!?^%?=_P#R
MLH`[RBN#_P"$A^)__0G^`O\`PK[O_P"5E'_"0_$__H3_``%_X5]W_P#*R@#O
M*X/]JC_DV'XC_P#8KZG_`.DDM=OI[W$EA`UU%##=-&IFCBD,L:/CYE5BJE@#
MD`E5)'.!TKB/VJ/^38?B/_V*^I_^DDM`'>4444`<'X>_Y.>\8?\`8KZ'_P"E
M>L5WE<'X>_Y.>\8?]BOH?_I7K%=Y0`4444`%<'^SC_R3[4?^QH\1?^GJ^KO*
MX/\`9Q_Y)]J/_8T>(O\`T]7U`'>4444`%%%%`!1110`4444`%%%%`!1110`4
M444`%%%%`!1110`4444`%%%%`!1110`4451\3^)M/\&>';[5]5NX+#3--@>Y
MNKF9ML<,:C+,3Z`"G&+;LA-I*[.;^/GQUT#]G#X6ZGXM\27(@T_3D^2-2/-N
MY3]R&,'[SL>!Z#).`"1\K_L4?`K7_P!K#XNO^T)\4[8CSF_XI#19`3%90*3Y
M<X4_PKDE,CYF+28Y0G@#XTL?^"C?[08\7^.=3@\.?`_P/<,FDZ=>3"*37YP1
MD[/O.6P"^T':F(QR6:OIC6OV^O#-M*FD^"O#^M>*KN-1';PV=J8(-HX`48+@
M#C@1UZ.:9W@,@HO"U:L5B)KW];RBG]A)7=W]JR\CY^%2..K*O4?[J+]U?S/^
M9KLOL_>?0-5=9URR\.V#W6H7EK86L?WIKB58HU^K,0!7SV-3_:`^,1Q;VFC_
M``_TV7H\N&N"O?(.]PW_``%/PZU:T;]@&PUN^2_\<^*_$'BZ^')#S-%%SU7+
M%GQ]&7Z5\5_;6+KZ8'#2:_FG[D?6SO)_^`GM^UD_AC]^AO\`CS]O#X>^#7>&
MUU"Y\07:G:(M-A,BD]OWC;4(_P!TFN<@_P""AVF:3(A\0^#/%6B0S',4AB5P
MZGH?GV?IFO8/`GP3\)?#)5_L+P]IFGR+QYR0AIS]9&RY_$UTTT*7,31R(DD;
MC!5AD'\*%@\YJ>_/$1@_Y8PNOFY.[^5@Y:CUYK?(\L\,?MK_``T\4!53Q)#8
MRGJE[#);[?\`@3+L_)J]#\/^,M'\6P^9I6JZ;J<>,[K2Y29<>N5)KG/%'[.'
M@/QEN.H>$]#D=^6DBME@D;ZO'M8_G7GGB'_@G=X"U&8S:9+KF@SJ=T9M;SS%
M0_\`;0,W_CP/O1[3.Z7Q0IU5Y.4'^*DOQ"]5=$_P/>**^=#^RC\3/!&3X5^*
M^H2HG^KM]35VC3VY,B_D@^E+_P`))^T3X`_X^M&\-^+[>,?/)"R)(WN`K1G/
M_`#]*/[>K4],5A:D?-)37_DK;_`/:M?%%_F?15%?.@_;JU?P?A?&7PT\2Z*B
M<O/$K.A'J!(J#'_`S]:Z?PO^WI\-?$FQ9=7NM*E?@)>VDB_FR!E'XM6M'B?*
MYRY?;*+[2O%_^3)#5>#ZGLE%8/ACXJ>&?&NT:1X@T;4F;@);WD<CY]"H.0?8
MBMZO:I585(\U.2:[IW-$[[!1116@PHHHH`****`"BBB@`HHHH`****`"BBB@
M`K@_VJ/^38?B/_V*^I_^DDM=Y7!_M4?\FP_$?_L5]3_])):`.\HHHH`X/P]_
MR<]XP_[%?0__`$KUBN\K@_#W_)SWC#_L5]#_`/2O6*N_'3X_>#/V9OAO>>+O
M'OB/3/"_ARQ=(I+R]D*JTDC!8XD4`M)*[$*L:!G8D``FA;I=_P!1-V3;Z'7T
M5Y]\2OVI/`_PB^(6C>%]?U6\M-6ULQ>68=)O+JTL1-(8H&O+J&)X+%9I0T<+
M74D0FD5DC+LI`+S]J3P/I_QNA^'DVJWB>)IR(E_XE-X=.%P8O/%FU^(OL:WA
M@_?"U,PG,1$@C*$-1'6UM;W7W;_=U*:M>_17^7?T/0:X/]G'_DGVH_\`8T>(
MO_3U?5WE<'^SC_R3[4?^QH\1?^GJ^H$=Y1110`4444`%%%%`!1110`4444`%
M%%%`!11534=?L-(!-W>VEJ!C/G3*F,].IJ9225V[`V6Z*Y?4OCAX+T<'[5XM
M\-0%<_*^IPACCJ`-V2?85A:C^UO\-M,8B7Q?I3D$#]R6F'3/\`-<=3,\'3_B
M58KUDE^I#J16[/1:*\;U']OCX862DQ:Y<WA`SB'3[@'KT^=%K#OO^"D/@&W<
M);V7B:]=CM7RK2,!CV^](#S],UP5.)LIAOB(?*2?Y7)=>G_,CZ`HKYW_`.&_
M#J0)TGX=^+M0!&1^[VY]?NJW2E_X:S^)&L9&G?!G7H<Y"M=R3*#Z'F%./Q_&
MLO\`6K+7\$W+TA-_E$7UB'1_@SZ'HKYY'Q@^/VL8-A\-M#M5)!_TNX`('XSH
M<Y]OPI!)^T?K0QY?A#2,C&?D;'OU?KTI_P"L<'_#H59?]PVOSL'MET3^X^AR
M<<G@"N!\?_M0^`_AKO34_$E@;E.#;VK&YF!]"L>=I_WL5Y@?V0O'?Q38R?$/
MXC7L]O)]_3]+!6$@]N0J#CC_`%9^OKWW@']CCX>?#WRWM_#]OJ-U'S]HU$FZ
M<GUVM\@/^ZHJ?KN;8C_=Z"I+O4=W_P"`QO\`C)!SU'\*MZG!7/[<6M?$"62W
M^'?@#6=<()47EXI2!#_M!,@#ZR+7@&C?%'QW_P`%#/BO?_#V2\@G\/Z1*)=;
MGM(4;2+/8W`W*3]H;>,(I8JQ3<&PI<>A_MZ?M):WXZ\96G[/OPC"R^+-?`@U
MJ\MSLBT:T*Y:,LH^0E#EV'W4.T`LXV_0/[*_[,N@?LH?".Q\+:&@E=/WU_?,
M@674;D@;Y6]!P`J\[5`'.,GW%PM*GA5B<WQ,YU)_!"+]G%+^:2C[S7\J<M=]
MCR'4J8K$.C3E>$?B?1O^5?J^FVYR7P\_X)Z_#[P5'$U[;WFOSQ`8^UR[(5(]
M(X]HQ[,6KV3PWX3TKP=8"TTC3;#2[8?\LK6!84^N%`YK0HKFP658/"?[M34?
M-+5^KW?S9[4*<8_"K!16-XN^(_AWP!`9=>U[1=$B`W;[^]BMEQG&<NPXS7D7
MC?\`X*9_`GP#Y@O/B/H=VZ9^731+J.XCL#`CKSZYQ[XKKJ5Z</CDEZNQZ6$R
MO&8K_=J,I_X8M_DCW:BOC/Q#_P`%OOA@+XV7AGP[XZ\67K?ZM;33XXHY/^^I
M/,ZD#[G_`->DO_!8J]T8"7Q!\"OB7H]HV6640L^5`Y/SQQCC([]_SY7FF%_G
MOZ7?Z'MQX(SMJ[P[7DW&+^YM/\#[9HKXTT;_`(+E_!Z\F\G4-+\=Z+.AVR+=
M:;"P1L<C]W,QZ\<@'V%=KX?_`."O7[/^O;%?QM+I\K]$N](O4QQGEA$5'IR>
MO3-5',<++:HOOL85N#\[I?%A*GRBW^5SZ6HKR'0/V_?@IXEQ]F^*'@N+=_S]
M:E':=L_\M2O^>.M=QH'QK\&>*L'2_%WAC4@>!]EU2";/&?X6/8@_C71"O3E\
M,D_F>36RW&4?XM*4?6+7YHZ:N9\3_!;PCXTW'5?#.AWTC?\`+22SC,H^CXW#
M\#73*P8`@@@\@CO116H4ZL>6K%279J_YG"TGN>)^)_\`@GY\-O$&XV]AJ.CN
MW\5E>L?TEW@?@*P#^Q5XK\'`MX1^*?B#3XU^[;7.]HCZ9VOMX_W*^BZ*\6KP
MOEDI<\:2@^\6X/\`\E:,G0AVM^!\Z&U_:-\`Y*3^%_&44?W58)&Q'OQ"<X]S
M^-*?VQ/'/@K*^+?A3K,$<?W[JQ+M$#[91E_\?KZ*HJ/[#Q%/_=L74CY2M-?^
M3*_XA[)KX9/\SPWPS_P4+^'>N,J7L^KZ))T87ED6"GTS$7[^N/PKT7PO\>O!
M7C38-,\4Z'<R/TB^UHDI_P"`,0WZ5J^)OAYH'C1676-$TG5`PP3=6D<Q_-@2
M*\Z\4?L,?#3Q-N8:$^FS-_RTLKF2+'T4DI_X[1R9Y2VE3JKS4H/\.9?@%JJ[
M/\#UU6#J&4@J>01R#17SJ?V![CPFV_P=\1/%/A\H=RHSEU)]#Y;1\'Z'\:3_
M`(0;]H7P%C[!XHT#Q3;)RL5TJK*WU+(IY_ZZ4?VSC*7^\X.:\X.,U^:?X![2
M2^*+^6I]%T5\SZI^V#\2/A:Y3QG\.(2$&7DL+HJJC^]P91CWR![UK^&O^"C_
M`(%U5A'J-IKNCRC[QDMUEC'XHQ;_`,=%.'%.6\W)5FZ;[3C*/_I22_$IU4E>
M6GJK'T#17EI_;6^%RV1N&\76:1#&2]O.I'U!3(_*K?P>_:Z^''Q^\4W^B>$/
M%5CK6K:;";FXM8XY8Y$B#A"X#JNY0S*"5SC</45ZU#,,+6M[&I&5^S3_`"9V
M4L+7J4Y5J<&XQW:3:7J]D>CT445UG.%%%%`!7!_M4?\`)L/Q'_[%?4__`$DE
MKO*X/]JC_DV'XC_]BOJ?_I)+0!WE%%%`'!^'O^3GO&'_`&*^A_\`I7K%<5_P
M4A\$>(?B1^Q7X^T+PEX/U'QQXHUC3)+'3--L9[&WG\V8>491)>3P0HJH[%CY
M@;;N"AB=I[7P]_R<]XP_[%?0_P#TKUBN\I._032::9\@_M`_!KX@?$_Q!XVT
MNQ\$>(O[+^/.B:+9W&IR7^F*/AXUL9!<K>I]L+R2+'+OA-B+E6G5E8QH%F>[
MJOP%\<ZA\;+OPFWAK56\,7WQ*M/B5_PFHO++[#!;P)`XTT0FX^V"Z,UN(3B`
MP?9Y"_G!_P!R/K&BJ@U&HJJ6JV_\"C-+Y2A%KTL[IM$S@I0E3ELU;_R646_5
MJ4D^FMTE96R_&'AZ\\2Z2+:RUW5?#TPD#_:M/CMGF(`/R8N(I4P<_P!W/`P1
MSGR+X!_"S7;[P-?O%\2O&MDJ^(]=C,<-KI!5F75[Q6D.^Q8[G(+M@[0S':%7
M"CW&N#_9Q_Y)]J/_`&-'B+_T]7U(L/\`A4'B'_HJGCW_`,!-%_\`E?1_PJ#Q
M#_T53Q[_`.`FB_\`ROKO**`.#_X5!XA_Z*IX]_\``31?_E?7*?&7X`>/O$7@
MB:+PY\5/%3ZM"XEABOS9V4$Y`(V--96L4J9)!S\Z\8*'(*^ST5E7HPK4W2J;
M/1ZM?BFFODP:/R&^,?[8GQI_9_\`&\WA_P`7V_CK1]0A.<-XEN&29,X\R)@-
MLBGL5)&>,YKTKX*_M;>&/BK<)9:M^T#X\\"ZN3L>WUZWN(80W<"=;MHP!ZR%
M#[5]]_'7]GKPA^TEX+?0?&&CV^J6?+02'Y)[-R,>9%(/F1OIP>A!'%?`/QM_
M8]UW]C4R2>(/"5A\;/@Q&2'^T1>7K/A^(_W)X\2P@=<H?*;!)6,L"."EP#EN
M+7^Q3E&K_).<^67^&:DK/LI7]6=4,SRJC%4\SP;4/^?E&<^9?XJ<Y237=Q<?
M1'T]H'['VH^+M(@U'3_C5XBU:TNUWI=VL[30SY_B5EG((/U-7/\`AAK7O^BL
M^+OSD_\`CU?-OP3_`&*/#7Q/T.3QE^S!\9_$W@V]4AKO1;^8N+>0CB*=$(95
M]"ZS*V#@G'';?\-1?M3_`+*0$?Q(^&ME\2]!ML"36O#IQ.R]Y&$2D`#K\T$8
M]^X\6MPW@L--TL9AIP:W]Z;7S]ZZ^:/:I<+X''053)L5"JGM&3]G/T7,^67R
ME\CUO_A@J\N_FO?B7XMNI1P&WL,#TY<]\]Z/^&`/^JA^+?\`OY_]E5#X(_\`
M!6KX,?&1X[6YU^7P;JK$*UIX@C%HH;H1YP+0XSQ\SJ?8=OI'3=3MM9L(;NSN
M(+NUN%#Q30R"2.13T*L."/<5M1X;R:JKTX7_`.WI/_VX\7,,BQ.!G[/&490?
MFFK^CV?R/GW_`(=\6MS\MYX\\6W,/79YH'/KSD?I2_\`#NC0?^AM\7?]_P"/
M_P")KZ(HK;_5/*?^?*^^7^9Y_P!7I]CYW/\`P3FT!N'\6>+F4\$>?'R/3[E1
MR_\`!,GP+)]W6_&,?^[<VO\`6W-?1E%./"F4)W]A%^MW^;!8>GV/FO\`X=?>
M"UE5T\4>.4*G('G6##\C:G-:NG_\$\/#.F*!%XE\2,`,?O;#1ICUS_'8&O?Z
M*[:>1Y=3^##P7_;L?\BE2@MDCQ_3_P!CVQT@@VGBK6;4@Y_=:#X>3G&,\:;Z
M5N6'P+U?2TV6OQ+\:VR8`Q%8:&@P.@XT^O1**[J>'I4_X<4O1)%I);'!_P#"
MH/$/_15/'O\`X":+_P#*^C_A4'B'_HJGCW_P$T7_`.5]-^*7[4WPX^"@D7Q5
MXV\-Z+/%]ZVGOD-U^$*DR'\%-?//CO\`X+7?"[3;_P#L_P`'Z5XM\>ZG(2($
ML-/,$4I^LN)/RB-16QM"EI4FE^?W;GMX#AW,\:N;#4)27>S4?_`G9?B?1'_"
MH/$/_15/'O\`X":+_P#*^C_A4'B'_HJGCW_P$T7_`.5]?+*_M6?M9_'X;?!'
MP;T_P'IT_2]\0N1/$O9@)C%N_"%J1?\`@GI\?_CGF3XI_'V_LK6;F;3?#JR+
M#(#_``G;Y$8Q_P!<W'UZUS_7W+^#3E+Y67WNWY'I_P"JT*&N88NE2[I2]I+[
MH77WM'T-XRBM?ARC-XA^/6N:"J#).HS>'[4`8SGY[$=N:^8?VQ/^"B>A?!WP
M!-'X!^.'B+QGXMNG$5O%!:Z1/9VJ]6EED2P`8`<!5?))!X`-9O[0G_!.[]G?
M]B7X377BKQ6/%/B^_D/E6&GWVK^2^J71!.P?9TC94[LV3M4=22`>@_X)H_\`
M!-?1M%T"3XA_$3PMI,^J^(%,NE:%=V@GM])MF.Y7:.7=^]88V[LLBXR=S-CU
ML+A<>J/U^<81@G9*3E+F?9)6NEU=TNFNQYV(J<,PJ_4U5KU9M7;A&%-17=N3
MFTWT]V_4^=?V5_VL?!OP*TR[O=!O?B_XD^)?B13+K5UI.G:8\$S&0OY:274$
M]P1DY9MH#L`2.!CUX?M/?M7?$XE?!/@/XFZ8DF1%-X@ATI$?/W6_>:=;#'T8
MCWK]#M%T"P\-V2VNG65I86RG(BMH5B0?\!4`5;KCQDL;BZTJ^)KW;WLDODKW
MLET.G#9CDF"IJE@LO32V=2I*7S:CR*[ZGP9X7^''[=WC>$+J7COPGX4BD`WB
MY@L))5!Z@&"VEY'LP^M:W_#L+XM_$8[_`!Y^TAXONHG'SV6FK,D!.>HS,J=/
M^F7?\_MVBN;^S:;_`(DI2]9/]+&_^N.,I_[I2I4O\%.-_ODI/\3XHM_^"$GP
MF<^;?>)/B+?7+G,DC:A:KO/K_P`>Y/YDUVO@?_@DE\,OAX8SIUSJLC18VM?Z
M7HNH.I'0[KBP<Y]^M?45%:T\!AX?#!?<<.+XHS?$Z5L3-KMS-+[E9?@>9^'?
MV=;WPC8BUTGXA>+=+MAC$5IIFA01C'3Y5TX"M#_A4'B'_HJGCW_P$T7_`.5]
M=Y174E;1'ARDY/FD[L\VUG]GS4/$<'E:C\1?&%_$`1LN--T*5<'J,-IQ]!7%
M>(?^"=7@SQ87;4KQ[V1\DR2>%_#9DY.20W]F;AD^AKWZBIE3A+XDF;4<77H_
MPIN/HVOR/DGQ!_P1B^$WB;?]IO/$L6_K]DCTVT[YX\JS7'X=N.E8,O\`P0A^
M#<F=NM?$*//]W4;4_P`[8U]J45SSP&&EO37W(]:AQ3G%+^'BJB_[?E;[F['Q
M-_PY`\&:`I_X1KXB_$O0V(_Y_8'&2>?]7%'U&/R[]*4_\$O_`(L>&V+>'OVH
M/']N@Z07:W,B9)Y/%WMSC'\&>.O-?;%%9?V7AND;>C:_)G;_`*[YR_XE93_Q
M0A+_`-*BSXF_X9:_;$\*@C1/CSX:U`$8_P")G9ANIY^_:S>@Q^/3OS^L>$?V
M]]$_U'BGPIK'3_CWBTQ?_1EO'T_K7WS11_9\5\,Y+_MY_K</];:LOXV&H3]:
M45^,>4_.Z*__`."@5RT,?V&RMB<B26230&0<\'"DD<8'?FMK2O!_[>VKA/.\
M5^$]+W@Y\^'36V8/?9;OU]L]>U?>]%'U!]:L_O7Z(/\`6F"^#!4%_P!N2?\`
MZ5-GQ);_``!_;;UN#;?_`!H\"6$;J&VV]E$9%;T)6P7'X,:D;]A7]I?Q"&.J
M?M)WEF6(?_0+211NYR/E:/"\].GL*^UZ*/[.IOXI2?K)_P"8?ZX8N/\`"I48
M>E&G^L6?%(_X)5?$75G!UO\`:>^)>I*'W!4-S$%!^\`&O'`)]A@>E(G_``1/
M\.:L%&N_%+XFZLHRI`O(DRA'*_.DF._M[5]KT4?V7ANL;^K;_-A_KOG2^&MR
M_P"&$(_E%'Q1'_P0;^#R8SK_`,1GQZZA9_TM:O:7_P`$//A)HLHDM=?^(\$G
M]Z/5H(S^:VXK[)HJEEF$M;V<7ZI/\SFQ'%N=5XN-3%3:?3F:_(^9+'_@E;X(
ML(T1?%?Q`D1`!^]O+.0G'J3:Y/US76_#S]AK1OA)K$FH^&?&'C71]0F@-M+<
M(=/F:2(LK%2);1U'S*IR`#QUY.?;J*QADF7PJQKPHQ4H[-))_@?.27-+GEJ^
M_4X/_A4'B'_HJGCW_P`!-%_^5]'_``J#Q#_T53Q[_P"`FB__`"OKO**]09P?
M_"H/$/\`T53Q[_X":+_\KZ/^%0>(?^BJ>/?_``$T7_Y7UWE%`$6GVSV=A!#)
M<37<D4:HT\H023$#!=@@503U.U0,G@`<5Q'[5'_)L/Q'_P"Q7U/_`-)):[RN
M#_:H_P"38?B/_P!BOJ?_`*22T`=Y1110!P?A[_DY[QA_V*^A_P#I7K%=Y7!^
M'O\`DY[QA_V*^A_^E>L5WE`!1110`5P?[./_`"3[4?\`L:/$7_IZOJ[RN#_9
MQ_Y)]J/_`&-'B+_T]7U`'>4444`%%%%`!2,H=2K`,K#!!Y!I:*`/DG]HG_@F
MS):^,F^(?P0U8_#_`,=VI,S6EN1%IVI'J4V@;8RW=2#&W0J,EJE_9P_X*4+<
M>+A\/_C3I/\`PKKQ_:E8A+<@Q6&HD\!E8DB,MC@EC&W\+\A:^L:\Z_:/_95\
M%?M4^$3I/B[2DN7A5OLE_#B.]L&/\44F,CG!*G*G`RIQ7OT<VIUX+#YDG)+1
M37QQ^?VEY/Y-'CU<NG1FZV!?*WO%_#+_`"?FOFBO\;?V./AA^T9%(_BWP;HV
MIW<PQ]O2+[/>CCC]_'MD('H6(]J^;]2_X)/^*O@AJ$NI?`CXO>(_"$K-YATK
M59#-93-VW,@VD#T>&0\]?7)M/%_QB_X):WD5IXC6\^*/P91A'#J$()OM%3.`
M#N)*`#@(Y,9X"NA)%?8?P1^/?A/]HKP3#K_A'6+;5;"3`D53MFM7Q_JY8S\R
M./0CGJ,@@GRLUX<A!+$1M.#VG'3Y.VJ?D_Q/I<DXWQ]%/"QJ.-MZ<[2C;RC*
M\6O-?@?)2_MH?M)?LL[8OBU\)U\8Z)!P^O>&^6V]Y'$>]!]&2'^5>N?`S_@J
M?\%_CIY$$'BF/PWJDV!]AUY18N">@$A)A8D\860GVYKZ)KR3XX_L*?"?]HCS
MY?$_@O29M0GY;4;1#9WI;^\98MK/]'W#VKQ/88FG_"GS+M+_`#7ZIGT/]J9-
MC/\`?<,Z4OYJ+T^=.5U_X#*)ZQ;745[;1S0R1S0RJ'1T8,K@C(((X(-/KX?F
M_P""6_Q%_9^NWNO@1\9]:T"`OO71]=)ELR<YRQ1&C;_@5N3[\FF+_P`$R/B_
M\;/WGQ;^/NNW=O+_`*_2]#\Q;5\]<%C'&/3_`%!_#I1];Q'P^Q=_56^__@"_
ML+*G^]681]GYPGS^G(DU\^:WF?3OQ1_:[^&'P6,J>)_'?AG2KB'.ZU:]26Z&
M/^F*;I#^"U\]^-/^"V'PXBU3^S/!'A[QCX_U23/DI96)MXIOIO\`WO\`Y"-=
M;\+O^"07P,^&9CEE\-7?B>ZBQB?6[U[C/UB39$<^Z5]">"_AUX?^&^FBR\.Z
M%H^@V8`'D:=91VL?'3Y4`%/EQD]W&"\KR?XV0>UX<PWPPJUW_>:IQ^Y<TOQ1
M\;']I/\`:^^/I"^#_A-I'P[TV?D7>O-FYA';B8H3^%N?PH;_`()O?&_XY#S/
MBQ\?]6^SS<SZ7H".EM)GM@>3$"/^N)K[BHI?V=&7\:<I>KLON5@_UNJT=,OP
M]*CV:@I2_P#`I\S^ZQ\M?"W_`((Z?`WX;B.2[T'4?%5U'@B;6;YY!G_KG%Y<
M9'L5-?0_@3X6^&?A;I_V3PSX>T3P_:D8,6G6,5JK?4(HS^-:VJZO::#ITUY?
M75O96=NN^6>>18XXE]69L`#W-?,/QK_X*V?#?X?:BVC^$8]0^)'B.1O*AM=%
M0FV>3^[YY!#?6)9*]?+<EG6ER8.E?T6WJ]E\V?.9SQ1B*JYLRQ,I)])2;^Z/
M^2/J:O,/CS^V5\-OV;()!XL\46%I?JNY=.@)N+Z3T_<IEE![,VU?>OFO_A&?
MVK/VTLG5+^T^"7@Z[X-O`&34I(SZ@'SMW4$,\(/]VO3_`(#?\$JOA3\&ITU#
M4M-F\<:\6\U[[72)TWGDE8/]7R><N'8'^*O;_LW`X77&UN:7\M/5_.3]U?*Y
M\W]>Q>(TPM+E7\T]/NCN_G8\G_9F^%^N?\%$_CR/C9\1+%[;P+H<K0^$=!F!
M,4VQN)6!X95899NDD@Q]R/;7W93+>WCL[>.&&-(HHE"(B*%5%`P``.@`[4^O
M/S+,98NHFERPBK1BMHK]6]V^K.S`8)8>#3?-*3O*3W;_`,NRZ(****\X[@HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"N#_`&J/^38?B/\`]BOJ?_I)+7>5P?[5'_)L/Q'_`.Q7U/\`
M])):`.\HHHH`X/P]_P`G/>,/^Q7T/_TKUBN\K@_#W_)SWC#_`+%?0_\`TKUB
MN\H`\7^-W[5LGPL_:/\``/P^M;CX4PW/C$[VB\3^.SH6L72>9M(TNQ%G.=1E
M50Y9/-@"DQC=\Y*T/A=^V7>^/?B[I.F7OA>PT[P7XUN=2L?!VNP:TUU=:K<:
M>T@N4NK0VZ+:AUAFE@*3SF2.)C(('Q&=CX__``'\;?'CQ';Z1+XQ\*:9\+YS
M:S:EI"^%9IM?GF@G$ZM!J9OA!;@R1P\_87D0*Y21'*21XGP?_8POOAM\4],O
MK_Q1INK^"_!5SJ5YX*T2+19+6\T:;4'<W#W5XUU(MYL26>*';!`4CF82&=\2
M`I[+FW][_@;?A;_MX52]VX[>[_P?^#VZ'O5<'^SC_P`D^U'_`+&CQ%_Z>KZN
MH\8>#K3QQI(LKV;58(1()-VGZG<Z=-D`C'F6\B/CG[N[!XR.!7D7P#^`>A:K
MX&OY9;_QJC)XCUV$"'QCJ\*[8]7O$4E4N0"Q"@LQ&YFRS$LQ)!GN-%<'_P`,
MX^'O^@CX]_\`"XUK_P"2Z/\`AG'P]_T$?'O_`(7&M?\`R70!WE%<'_PSCX>_
MZ"/CW_PN-:_^2Z/^&<?#W_01\>_^%QK7_P`ET`=Y17!_\,X^'O\`H(^/?_"X
MUK_Y+H_X9Q\/?]!'Q[_X7&M?_)=`'>45P?\`PSCX>_Z"/CW_`,+C6O\`Y+H_
MX9Q\/?\`01\>_P#A<:U_\ET`=Q=VD6H6DMO<11SP3H8Y(Y%#)(I&"I!X((XP
M:^//C=_P3FUKX5>-9OB+^SUJS^$_$J$R7/A_S`NG:FN<M&@;Y%!/_+-_W><;
M3'@&OHO_`(9Q\/?]!'Q[_P"%QK7_`,ET?\,X^'O^@CX]_P#"XUK_`.2Z[\!F
M5?"2<J3T>Z>L9+LUL_ZL<>,P-+$Q2J+5;-:-/NGT/'?V6?\`@I)I7Q.\1_\`
M"$?$73F^'GQ)M)!;RV%ZK0VU[)QCRF?E6;((C<Y.1M9\U]/5X'\<_P#@FY\-
M/CUI$RZK#XC.M+`8;/5Y_$%_?W-ESD;1<32*5SU4C!R<8/(^8+R[^(7_``3]
M\7K8_%N7QWX^^&MS(D%EXDTCQ3JMJ^G+PJHT<=RJ+QC]V^#_`')&`Q7J/`X;
M'KGP'N5.M-O?_`WO_A>O:YYZQ=?!^[C/>ATFEM_B73U6G>Q^C=%>0_"SP5\.
M_C7X-M?$'A7Q1XQUK2;L?)/;^.]:.QL9*.INMR.,\JP!'<5T$O[.WAR")I)-
M3\=HB`LS-XYUH!0.I)^U]*^?G3E"3A-6:Z/<]J$XRBI1=T^IWU%?&GQ\_:^^
M`WP0EDL;7Q/\0/&6N*?+6PT+QOK-R`^<!6F^UB,<\$!F8?W:\TT7P'^T=^UI
MJ<-UX9MO%'P9\)NVY+K5/&&L3WDL9]5FG9W.,$%8HU.?O5[%#(<3*"JU[4H=
MYNU_1;OY(\RMG%",O9TKU)=HZ_>]E\V?;WQG_:4\"?L]Z6;OQCXGTO1`5WQP
M2R[[J<?[$*YD?_@*FOE[6O\`@IWXW_:`U6?1O@%\,M5U]E;RGUO5HO+M8">,
ME0P1/4&24=.4ZBNE^&'_``1Z^'&CF:_\>WVN_$GQ!>?/<W>H7LUM&S]V58W#
MDG_;D?\`"O;M$_94\(^&M*@L--E\9Z?8VR[(;>V\9ZS%%$OHJK=``>P%;>VR
MO"_PHNO+O+W8?**U?S:]#+V>88C^))4H]EK+[WHODGZGS5I/_!-#XA?M&:C!
MJWQ]^)VIZM&K>:FA:-($MH3_`+Q41(<<'RXLG^_WKZ>^"G[,'@']G;3A;^#_
M``OI>CN4V272Q^9=S#T>9\R,.^"V/0"E_P"&<?#W_01\>_\`A<:U_P#)='_#
M./A[_H(^/?\`PN-:_P#DNN+&9SB\3'V<Y6ATC'W8KY+3[[G5A<KP]"7/&-Y?
MS/67WO\`0[RBN#_X9Q\/?]!'Q[_X7&M?_)='_#./A[_H(^/?_"XUK_Y+KRST
M#O**X/\`X9Q\/?\`01\>_P#A<:U_\ET?\,X^'O\`H(^/?_"XUK_Y+H`[RBN#
M_P"&<?#W_01\>_\`A<:U_P#)='_#./A[_H(^/?\`PN-:_P#DN@#O**X/_AG'
MP]_T$?'O_A<:U_\`)='_``SCX>_Z"/CW_P`+C6O_`)+H`[RBN#_X9Q\/?]!'
MQ[_X7&M?_)='_#./A[_H(^/?_"XUK_Y+H`[RBN#_`.&<?#W_`$$?'O\`X7&M
M?_)='_#./A[_`*"/CW_PN-:_^2Z`.\HK@_\`AG'P]_T$?'O_`(7&M?\`R71_
MPSCX>_Z"/CW_`,+C6O\`Y+H`[RBN#_X9Q\/?]!'Q[_X7&M?_`"71_P`,X^'O
M^@CX]_\`"XUK_P"2Z`.\HK@_^&<?#W_01\>_^%QK7_R71_PSCX>_Z"/CW_PN
M-:_^2Z`.\HK@_P#AG'P]_P!!'Q[_`.%QK7_R71_PSCX>_P"@CX]_\+C6O_DN
M@#O**X/_`(9Q\/?]!'Q[_P"%QK7_`,ET?\,X^'O^@CX]_P#"XUK_`.2Z`.\H
MK@_^&<?#W_01\>_^%QK7_P`ET?\`#./A[_H(^/?_``N-:_\`DN@#O**X/_AG
M'P]_T$?'O_A<:U_\ET?\,X^'O^@CX]_\+C6O_DN@#O**X/\`X9Q\/?\`01\>
M_P#A<:U_\ET?\,X^'O\`H(^/?_"XUK_Y+H`[RBN#_P"&<?#W_01\>_\`A<:U
M_P#)='_#./A[_H(^/?\`PN-:_P#DN@#O**X/_AG'P]_T$?'O_A<:U_\`)='_
M``SCX>_Z"/CW_P`+C6O_`)+H`[RBN#_X9Q\/?]!'Q[_X7&M?_)='_#./A[_H
M(^/?_"XUK_Y+H`[RN#_:H_Y-A^(__8KZG_Z22UV^GV2:;806T;3-';QK&IEE
M>:0@#`+.Y+,>.68DD\DDUQ'[5'_)L/Q'_P"Q7U/_`-)):`.\HHHH`X/P]_R<
M]XP_[%?0_P#TKUBN\K@_#W_)SWC#_L5]#_\`2O6*[R@`HHHH`*X/]G'_`))]
MJ/\`V-'B+_T]7U=Y7!_LX_\`)/M1_P"QH\1?^GJ^H`[RBBB@`HHHH`****`"
MBBB@`HHHH`*K:SHMGXCTFYL-0M+:_L;R,Q3V]Q$LL4R$8*LK`A@1V-6:*:;3
MNA-7T9\6_$K_`()^>-/V:O'4WCK]G#53I]Q<,#J'A.]G!LKU<_=C,A"E>3\L
MC`KDE)%X6J$?["'QN_:UE6[^.'Q(GT/192&/AO064J%SG:^W]R&'9B)C[U]P
MT5[T>),8HI^ZYK3G<4YV[7?YVOYGCRR+#-M:J#^PFU&_HORV\CROX!_L4_#/
M]FN*-_"WA>R@U%!@ZG=`W-\QQ@GS7R4SW";5]J]4HHKQJ^)JUYNI6DY-]6[L
M]2C0ITHJ%**BNR5@HHHK$U"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"N
M#_:H_P"38?B/_P!BOJ?_`*22UWE<'^U1_P`FP_$?_L5]3_\`226@#O****`.
M#\/?\G/>,/\`L5]#_P#2O6*[RN#\/?\`)SWC#_L5]#_]*]8KO*`"BBOFOX._
MM:^+O&'Q:\)7.K#PQ+X`^*E_K&E^&+:RT^X@U72)M.\]@UW</.\=RMS#:SR8
M2"#[.0L9,^?,`M["DTE<^E*X/]G'_DGVH_\`8T>(O_3U?5U'C#QUHGP]TD7^
MOZSI6AV#2"(7.H7<=M"7()"[G(&2`>,YX->1?`/]I/X=:-X&OX;SQ]X*M)G\
M1Z[.J3:Y:QLT<FKWDD;@%_NNC*RGH58$9!%`SW&BN#_X:H^&'_11_`7_`(4%
MI_\`'*/^&J/AA_T4?P%_X4%I_P#'*`.\HK@_^&J/AA_T4?P%_P"%!:?_`!RC
M_AJCX8?]%'\!?^%!:?\`QR@#O**X/_AJCX8?]%'\!?\`A06G_P`<H_X:H^&'
M_11_`7_A06G_`,<H`[RBN#_X:H^&'_11_`7_`(4%I_\`'*/^&J/AA_T4?P%_
MX4%I_P#'*`.\HK@_^&J/AA_T4?P%_P"%!:?_`!RC_AJCX8?]%'\!?^%!:?\`
MQR@#O**X/_AJCX8?]%'\!?\`A06G_P`<H_X:H^&'_11_`7_A06G_`,<H`[RB
MN#_X:H^&'_11_`7_`(4%I_\`'*/^&J/AA_T4?P%_X4%I_P#'*`.\HK@_^&J/
MAA_T4?P%_P"%!:?_`!RC_AJCX8?]%'\!?^%!:?\`QR@#O**X/_AJCX8?]%'\
M!?\`A06G_P`<H_X:H^&'_11_`7_A06G_`,<H`[RBN#_X:H^&'_11_`7_`(4%
MI_\`'*/^&J/AA_T4?P%_X4%I_P#'*`.\HK@_^&J/AA_T4?P%_P"%!:?_`!RC
M_AJCX8?]%'\!?^%!:?\`QR@#O**X/_AJCX8?]%'\!?\`A06G_P`<H_X:H^&'
M_11_`7_A06G_`,<H`[RBN#_X:H^&'_11_`7_`(4%I_\`'*/^&J/AA_T4?P%_
MX4%I_P#'*`.\HK@_^&J/AA_T4?P%_P"%!:?_`!RC_AJCX8?]%'\!?^%!:?\`
MQR@#O**X/_AJCX8?]%'\!?\`A06G_P`<H_X:H^&'_11_`7_A06G_`,<H`[RB
MN#_X:H^&'_11_`7_`(4%I_\`'*/^&J/AA_T4?P%_X4%I_P#'*`.\HK@_^&J/
MAA_T4?P%_P"%!:?_`!RC_AJCX8?]%'\!?^%!:?\`QR@#O**X/_AJCX8?]%'\
M!?\`A06G_P`<H_X:H^&'_11_`7_A06G_`,<H`[RBN#_X:H^&'_11_`7_`(4%
MI_\`'*/^&J/AA_T4?P%_X4%I_P#'*`.\HK@_^&J/AA_T4?P%_P"%!:?_`!RC
M_AJCX8?]%'\!?^%!:?\`QR@#O**X/_AJCX8?]%'\!?\`A06G_P`<H_X:H^&'
M_11_`7_A06G_`,<H`[RBN#_X:H^&'_11_`7_`(4%I_\`'*/^&J/AA_T4?P%_
MX4%I_P#'*`.\HK@_^&J/AA_T4?P%_P"%!:?_`!RC_AJCX8?]%'\!?^%!:?\`
MQR@#O**X/_AJCX8?]%'\!?\`A06G_P`<H_X:H^&'_11_`7_A06G_`,<H`[RB
MN#_X:H^&'_11_`7_`(4%I_\`'*/^&J/AA_T4?P%_X4%I_P#'*`.\HK@_^&J/
MAA_T4?P%_P"%!:?_`!RC_AJCX8?]%'\!?^%!:?\`QR@#O**X/_AJCX8?]%'\
M!?\`A06G_P`<H_X:H^&'_11_`7_A06G_`,<H`[RN#_:H_P"38?B/_P!BOJ?_
M`*22UVNF:G;:UIMO>V5Q!=V=W$LT$\,@DBFC8`JZL.&4@@@C@@UQ7[5'_)L/
MQ'_[%?4__226@#O****`.#\/?\G/>,/^Q7T/_P!*]8KO*X/P]_R<]XP_[%?0
M_P#TKUBN\H`*\B^%_P"QOH?PL^*TGB6WU_Q+J=C9O>2>'_#M[]B.D^$WO9/-
MO&LA%;I<9E?=_P`?$TWE*[QP^5&Q0^NT4+1W_K4'JK!6%\.O!(^'_A^XL%N3
M=BXU34-2WF/9M^UWL]ULQD_<\[;GOMS@9P-VB@`HHHH`**^??VO)OB'I_CKP
MG-X*^)%UX>U:YU.RM])\(VVEV%Y:^*(UN8WU*34&GA:XC@BM"V'M9H/*/S,T
M[R10CSKP1^U;XRT37_#'CW5/$6I:_P"&/B6_B6-/"LEE90V_AM-*CNYK>6UE
MBA6X8R1692<W,TRM+.AC$"_NSE4K1A3E5F[*-[_))].]]/QL5&#E-4XZMVMY
MW=OP>_X7/L>BOCKX6Z[\4_B;KNB>$;OXR>*M/F^)/@JU^(2ZW8:)HGVSPJXN
M+=;C3K-9;)X/LDBW*+$;N*YG40S9FD)4I]`?LKZ+X@T?X-6+^(_&?B;QW>:A
M-->V^J:_9Z?:7YM))"UO')'8VUM`"(MA.(@V6.?;IE2E&_-I9M?-2<7M_>C)
M>?*VM+-XQJQE\#OM]THJ2>MOLN+_`.WDMT[>BT445F:&%X1\$CPIX@\4WXN3
M.?$VJ)J13R]OV?;96MKLSD[L_9MV>/OXQQD[M%%`!117A/[>,GC.S^&37?@_
MXE:I\.M5BBEBT6+2=+T_4KWQ+K,BD6=@T5[#*C6[,&,BQ&*5A\WVBWCBD9IE
M+E_K^O1):M[%0AS.W]?UW>R6KLE<]VHKY"B_:%^(B?$6W\6WGB::/2]/^(=A
M\-+_`,&6UC:-I=QYT=O'-?I,T1O?M*74[./]($(MHMI@,F9CST_[57Q'TK1]
M.\<6OC%+NT^*-OXJMM*T#5[&TCTKPC-ID-Y)8W$<D$*W3HXM`MQY\LX>2=#$
M(5_=ER:5/VN\>_\`V[&:^^,XM>MG:SM$)*514MI.VCTWE*#OZ2BT_2ZNK'V]
M17S=_P`$[?BOXP\;V/CC0O'%_P#$B76_#>H6K1V7Q`TG2;#Q':6UQ;(ZM*VD
M(NG3V[R+-Y4EON*E)8Y&\R-E7Z1JYQ<7;T_%7)ISYES)!6%I_@D6'Q-U?Q(+
MDNVK:78Z:;?R\"+[-+>2;]V>=WVO&,#'E]3GC=HJ2PHHHH`**\V_:G-_#\+9
M[B#XB:A\+-+LG$^I>(-,M+.[U**,<)!;1WEO<VYDEE:-/F@E9@3'&GF2*Z?+
MVI_M#_&CPS\,M5U_Q'XLNM,\1_!#PQH6I>(-$MM(L$MO&MU=^8]S'=JT<LD$
MAA1!%'930A+AY-S3Q[(PHN[:VU7XWU]%;U[)ZBF^57?9_AT]=?3NS[JHKY!^
M(G[1/Q#T_P"(6K^,-!\075SI6E?$*#X:VW@B:TLUTZ_$L<*"^:?ROM@NENI]
MY*W`@%O&5,!<&:I/^"=7Q[\??$+XCZKX?\8^)?%WB.X'A+3/$.KVGB?PK%X?
MU#PGJ]Q<W<%QI\44=O`7LLVS&!I!.[+&SBZN$=&!0?M8J4>J37S@JG_I+BWT
M3E&+?,TF5I*G)Q?3?_P/D_\`2DUYJ,FKQ39]=4444QF%XN\$CQ7X@\+7YN3`
M?#.J/J03R]WVC=975KLSD;<?:=V>?N8QSD;M%%`!117*_&RVU*\^&>J1Z;XJ
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M_A_7D6FKM+H%87Q%\$CX@>'[>P:Y-H+?5-/U+>(]^[[)>P76S&1]_P`G;GMN
MS@XP=VB@84444`%%9OC"WU6\\+:A#H=S:66KS0-':7-S$98K:0C"RL@(WA2=
MVS(W8QN7.1\>^"O'/Q-UOQ!8_#^V^,WBS6?#WCKQ1=0^&_B+_8VAIKQT^RTL
M3W*0A+(:=,AOE:-+AK'YHO.`#?NKDSS:M=E?UU2_6^NGG?0;6S;W=OPO^/\`
M6FI]J45\B:C^TW\3_$/[-_P6\6:=K&@:7+J?C_3_``QXLD.E&:76X/[;&F2&
MTR^RV2?8TI<K(0C!4"EA*GIO_"Q/'-E_P40M?"5YK&D-\/\`4O`E[J]CI=OI
MVV[2\@OM/B:>>Y9R7RMPZI'&B*H!+&0LOEZ4X\\DHO>4X_.%-5&_1Q=EUOT2
MU,IU5%-O^6$OE.;IKYIJ[\MKO0]NHHHJ30POBCX)'Q+^&7B/PVUR;)?$&EW.
MFFX$?F&#SHFCW[<C=C=G&1G'45NT44`%%%,NFE6UE,"QO.%/EJ[%49L<`D`D
M#/<`_0TF[*XTKNP^BOBW5?B1\5/A_P"-O$.B0?%O5?&6B^)=8T3PHNNRZ%I4
M+^$-;NKR9=0ATTQ0+'-'!;>7L2\2Z:&;RQ)+<D31+-\5?V@OBQX._86^,MWH
M/BZPF\9?!_6[W2#XIU?1X;B?5[2WAAN1-Y$`AMA=E)TA9UC$*RQR/Y!`$-51
M7M5>#[_@X)OT7M(/S3O&YG7FJ7Q?U=2:^_DDNZ::E8^S**^??VO)OB'I_CKP
MG-X*^)%UX>U:YU.RM])\(VVEV%Y:^*(UN8WU*34&GA:XC@BM"V'M9H/*/S,T
M[R10CZ"I1=XW\VOR?XW]>Z1;T=O*_P#7W?Y!1110!A?"[P2/AI\,O#GAM;DW
MJ^']+MM-%P8_+,_DQ+'OVY.W.W.,G&>IK`_:H_Y-A^(__8KZG_Z22UWE<'^U
M1_R;#\1_^Q7U/_TDEH`[RBBB@#@_#W_)SWC#_L5]#_\`2O6*[RO)=6^*?ACX
M9_M.^)CXD\1Z#X>%]X7T7[,=2U"*T^T;+O5M^SS&&[;N7.,XW#/45O?\-4?#
M#_HH_@+_`,*"T_\`CE`'>45P?_#5'PP_Z*/X"_\`"@M/_CE'_#5'PP_Z*/X"
M_P#"@M/_`(Y0!WE%<'_PU1\,/^BC^`O_``H+3_XY1_PU1\,/^BC^`O\`PH+3
M_P".4`=Y17!_\-4?##_HH_@+_P`*"T_^.4?\-4?##_HH_@+_`,*"T_\`CE`'
M,?%']@SX<_&/XQMX\UV/QR?$<MI#I\QT_P`>Z]IEA<VL3EUMY;*VO([66$L6
M+QO$R2;FWALG/1>!?V6O!'PV^*NM>--(TW48==UWSO.\_6;ZZL;7SY%EN#:6
M<LS6UF9Y5628VT49FD`>3>W-2_\`#5'PP_Z*/X"_\*"T_P#CE'_#5'PP_P"B
MC^`O_"@M/_CE**459:+7_P`F^+[^O?J.3O=O6]OPT7W+1=NA3^$?[)/@/X&V
M.OVWAO3-3MX?$D2VUTMYKE_J/D6RB01VEJ;B:0VEI'YLGEVUMY<,6]MB+DUZ
M/'&L4:HBJJ*,``8`'I7"?\-4?##_`**/X"_\*"T_^.4?\-4?##_HH_@+_P`*
M"T_^.53;$]7=_P!?U8[RBN#_`.&J/AA_T4?P%_X4%I_\<H_X:H^&'_11_`7_
M`(4%I_\`'*0'>45P?_#5'PP_Z*/X"_\`"@M/_CE'_#5'PP_Z*/X"_P#"@M/_
M`(Y0!WE>4?'[]BOP)^TOXST/Q#XH?QU!K/ARWFM=.N?#_CO7?#9MHYB#*,:=
M>6ZL7VJ"S`L0H&<`"MO_`(:H^&'_`$4?P%_X4%I_\<H_X:H^&'_11_`7_A06
MG_QRIE",OB5QJ36QG:%^Q[\/O#/Q6T_QG8:1J-OK6EV\<%M$-;OSIL;1VPM4
MN38&;[(UV+8"#[4T1N/*`C\S9\M5XOV)_AHGB7Q;JLOA^ZO9/&]K=V6J6E[K
M%]=Z<L-VP>[6VLY9FMK/[0X$DQMHXC-(`\A9ANK9_P"&J/AA_P!%'\!?^%!:
M?_'*/^&J/AA_T4?P%_X4%I_\<JY-R=Y:[KY/?[^O<$[6MTM^&WW=.P_X&?LX
M^%/V==*O[7PU#KDLFJS+->7VN>(-0U_4KLJNU%DO+^>>X=$7(1#(43<VT#<<
M]S7!_P##5'PP_P"BC^`O_"@M/_CE'_#5'PP_Z*/X"_\`"@M/_CE#DWN1&*2L
ME8[RBN#_`.&J/AA_T4?P%_X4%I_\<H_X:H^&'_11_`7_`(4%I_\`'*11WE%<
M'_PU1\,/^BC^`O\`PH+3_P".4?\`#5'PP_Z*/X"_\*"T_P#CE`%3]HO]E+P;
M^U38:%;>,%\5E/#5]_:>G/H?BW5O#LUO<["@E\S3[F!V959@NXG;N;&,G.3!
M^PM\-(-7\*WYTSQ!+=>#TC2T:;Q5JTRZAY4[7,3:BK7)74WCN'DFC>^$[1RR
M/(I5V9CT/_#5'PP_Z*/X"_\`"@M/_CE'_#5'PP_Z*/X"_P#"@M/_`(Y2BN5W
MCIK?YVM?UMI?>V@2?-OKI;Y7O;TOK;OJ12_LM>"9OCF/B.VG:E_PE`&[(UJ^
M&G&?R/LXNSIXF^QF[%O^Y^U&'S_*Q'YFP!:T?@O\!O"O[/WAV[TSPMIUQ:IJ
M5VVH:A=WE_<:EJ.J7+*J&>ZO+F22XN91&D<8>:1V6.*-`0B*HI_\-4?##_HH
M_@+_`,*"T_\`CE'_``U1\,/^BC^`O_"@M/\`XY51=E9>GRWM]^H/7?\`JVB_
M!M?,[RBN#_X:H^&'_11_`7_A06G_`,<H_P"&J/AA_P!%'\!?^%!:?_'*0'>4
M5P?_``U1\,/^BC^`O_"@M/\`XY1_PU1\,/\`HH_@+_PH+3_XY0!WE<1^T)^S
MQX6_:C^&TWA'QE#K=QH5Q<0W4D6EZ]?Z+,\D+B2,F>RFAFPKA6V[]I*J2"0,
M1?\`#5'PP_Z*/X"_\*"T_P#CE'_#5'PP_P"BC^`O_"@M/_CE*44U9H:;6QQ]
M_P#\$]/A=JW@_3=#OK+QCJ%KIMS/<_:;SQSKMSJ-^)Q&L]O>7CWAN;VTE6&%
M7M;F22!UAB5HR(T`ZOXG_LO^#_C!\1_!/BS7(?$/]M?#NY>\T%M/\2ZGIEM;
M2NNQVDM[:XC@N`4RA$Z2`H[IC:[`R_\`#5'PP_Z*/X"_\*"T_P#CE'_#5'PP
M_P"BC^`O_"@M/_CE4I-6MTV\NFGRT)<4U9[?\&_YZ^I%X#_9;\$_#3XK:SXU
MT?3M1@U[7/.\[SM9OKJRM#/(LMP;2SEF:VLS/*JR3&VBC,TBAY-[<UZ#7!_\
M-4?##_HH_@+_`,*"T_\`CE'_``U1\,/^BC^`O_"@M/\`XY26RCT6WD-ZMOJ]
MSO**X/\`X:H^&'_11_`7_A06G_QRC_AJCX8?]%'\!?\`A06G_P`<H`[RBN#_
M`.&J/AA_T4?P%_X4%I_\<H_X:H^&'_11_`7_`(4%I_\`'*`-OXL_"S1OC=\-
M=;\(^(H]0FT+Q%:/8W\=EJ5SIL\L+C#HMQ;21S1[AD$HZD@D="17E^D_\$Z?
MA=HOP[E\,0Q?$%[)[FWNX;V?XB^(KC6-.>"-XHEM-2DOFO;2-8Y9D\N":-"D
M\RE2)'#=K_PU1\,/^BC^`O\`PH+3_P".4?\`#5'PP_Z*/X"_\*"T_P#CE3RK
M73>U_.VJOZ-MKL-MZ>5[?/1_>M'W,OXJ?L;_``_^,?PT\+>#]7T_7+/P[X*N
MK2]T:TT/Q)J>@FSEM`/LQWV-Q"[B,A6579E#*K8W*"-#4OV8?".K?M$Z9\59
MX_$9\::/I<FBVLR>)M3CL%M)#N>-K!;@6<FY@K%GA9BT<;9S&A63_AJCX8?]
M%'\!?^%!:?\`QRC_`(:H^&'_`$4?P%_X4%I_\<K3F=^:^MV_FURM^KCHWU6F
MQ#BFK-=$ODG=+T3U2Z/7<[RBN#_X:H^&'_11_`7_`(4%I_\`'*/^&J/AA_T4
M?P%_X4%I_P#'*DH[RBN#_P"&J/AA_P!%'\!?^%!:?_'*/^&J/AA_T4?P%_X4
M%I_\<H`[RJVL:5%KND7=C.]S'#>0O!(UO<26TRJRE24EC97C;!X9&#*<$$$`
MUQG_``U1\,/^BC^`O_"@M/\`XY1_PU1\,/\`HH_@+_PH+3_XY2E%-68TVG='
M`_#[_@FC\(_ACX(U+PYI=AXXET?4;1+)8-2^(/B'5&TR-)DG5K%[F]D>PE6:
M..42VC12!XHV#;D4CI_%7[%_P]\:?LW7'PEU#3]??P/>AA=P0^)]4M[^^+3&
M:1I]0CN%O)GED+-*\DS-*6;S"^XYU_\`AJCX8?\`11_`7_A06G_QRC_AJCX8
M?]%'\!?^%!:?_'*?3EZ?T_SU$OZ^ZWY:>AQ7BS_@G9\,?&_Q`LO%&IGXCSZS
M9:9:Z+YB?$KQ)##>65N<QP7,*7XBND8Y,@G1_.+.9-Y9B?<:X/\`X:H^&'_1
M1_`7_A06G_QRC_AJCX8?]%'\!?\`A06G_P`<IWTMYM_-N[?JWJ^[U%97OZ+Y
M)67W+1=D=Y17!_\`#5'PP_Z*/X"_\*"T_P#CE'_#5'PP_P"BC^`O_"@M/_CE
M(9WE<'^U1_R;#\1_^Q7U/_TDEH_X:H^&'_11_`7_`(4%I_\`'*XK]I']I+X=
M:_\`L[>/K"P\?>"KV^O?#FH06]O!K=K++/(]K(JHBJY+,Q(``&23B@#W&BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*
J***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`/__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>69
<FILENAME>newgoldlogo-small.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 newgoldlogo-small.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X0!F17AI9@``34T`*@````@`!`$:``4`
M```!````/@$;``4````!````1@$H``,````!``(```$Q``(````0````3@``
M``````!@`````0```&`````!4&%I;G0N3D54('8U+C`P`/_;`$,``0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`?_;`$,!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`?_``!$(`$$`
MX0,!(@`"$0$#$0'_Q``?```!!0$!`0$!`0```````````0(#!`4&!P@)"@O_
MQ`"U$``"`0,#`@0#!04$!````7T!`@,`!!$%$B$Q008346$'(G$4,H&1H0@C
M0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I*C0U-C<X.3I#1$5&1TA)2E-45597
M6%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJ
MLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:X>+CY.7FY^CIZO'R\_3U]O?X
M^?K_Q``?`0`#`0$!`0$!`0$!`````````0(#!`4&!P@)"@O_Q`"U$0`"`0($
M!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R@0@40I&AL<$)(S-2\!5B
M<M$*%B0TX27Q%Q@9&B8G*"DJ-38W.#DZ0T1%1D=(24I35%565UA96F-D969G
M:&EJ<W1U=G=X>7J"@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>X
MN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR\_3U]O?X^?K_V@`,`P$`
M`A$#$0`_`/[^****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M***KW=Y::?:SWM_=6]E96L3SW5W=SQVUK;0QC<\T]Q,R10Q(.7DD=44<D@47
M`L45B:7XF\.:Y++!HGB#1-8F@C$L\.EZK8:A+#$S;%DECM)YGCC9_E#N`I;Y
M0<\5MTDTU=--=UJOP#5;JP5_&U\#1K47_!9H>"9=5U*30M/_`&N/B_J=MHTE
M[<OIMO+8Z_XYUI)8;)I#;QO&;;*LD:E5^48`Q7]DM?R%_!JT4_\`!>+5(U!V
MI^T?\>+K`&,$>'OB7<DD-G(#\Y'7JN.*^7XD5ZV1>>;X>'RE.%UZ:(]?*W[F
M8:7M@JLOFD[?FS^O2BBBOJ3R`K^4G_@OGK&MZ%^TA\&Y]%U?4M(;4_@K;6%X
MVFWMS9-<V\?COQDQAN#;R1B6(_:#\C[@>=PP%K^K:OY1?^#@I-OQ\^`4N>6^
M%MPF.P\OQGK;`_CYI!^@KYOBR_\`8M=K1JKAW=73_C17ZGJY-KCZ=U?W*G_I
M#/B?_AF^P_Y\V_/_`.VT5^K'_""0?\\8_P#OH?\`Q5%?+?V5#_GWVZ+^[_E^
M7F>G];\WT^T_[O\`7R79D?[/7_!17XY:#\:_$F@?&[Q_KWQ!T/POHGB;1O#/
M@;3/"_AFVUCQ[X_DU33M"\*:%%<>'O#$&H?;+R_N]PG+SI!;QW4_V6]F2*UF
M^T/$/P+_`."DGQSCE\4>(_C]X?\`@'!J*FXT?X:^!]0UJQF\/VLFZ6"PUK6?
M#=J;BYU%%=([V=_$/B%/,C9K?[,C"SB_/+]@CP5I'BG_`(*-^))]4MTNH_!.
ML_$_Q980S#,9U#3[N\TK3YVCX1I+&[U:WU&V)!\F\L[>=`'B5E_I[JN$\'BL
M\RS$2S7,\RK8>EF&(H4:5/'8FE.IR1I<T\1B(5%B*D(WC"C052-&GRSG*$YU
M$XY9I6I8+$4UAL/AXU)X>E.<Y4:<HQOS65.FX\D6]93FXN<KQBG&,6I?S4:M
M^U#^W/\`L%?&'3O!OQU\27GQ/\*7(M[U8?$.IW'B+1_%GAZ29H)=1\,>,-0M
M_P#A(;"]MVCF@\NY:)K"[C635/#]U;O;QW7]$_P_\<^'_B9X(\*?$'PK<O=>
M'?&.A:;X@TF65/*N!::E;)<+!=PY8V][:,[6M];,Q>VNX9H'.Z,U^2O_``6I
M\-V%W\#?A;XL>"$ZIHOQ.ET"WNF0&:/3O$7A;6=2OH(WQN59KOPKI<CC.#Y/
M3)KZ4_X)EZO*?V'OA=?ZG.[PZ8WQ$4RR9)BL+#Q_XKD502?NQ1*VWG`4`#`%
M=V0SQ>6<2YKP_/&8C&8"G@H9C@Y8NK*M7PZ<J$94O:R]YP_?25F[?NH32C*=
M3FQQT:6)RW#9A&C3HUW7>'K*E'DA4?+-J7*M+^XGI_,U=I*WG/[=_P#P4)?]
MGK6+3X/?"'2K+Q7\:-5BLWOWNX)M0TSP=#JJ*^F6[:=:D2ZMXGU&"6&\M-,=
MQ!8V=Q8WUY;Z@M[;V,L_PT_90_:K^(?AJR\5_M#_`+77QE\)>+=:1=2;P7\*
MM8M_"MIX:6X5)8=/U.YTU8]&N[Z!6"7EGINB06MG,K01:GJ(!N7_`!3_`&=_
MBQX#\8_MT:;\<OCQXCCTGPU)XX\1_$6^O-2TW5=96+4XH-4U?PI8Q6FEV&HW
ML<.F>(/[$CLU6U:*TM+..`F.)`1_1='^WY^R#*NY/C5HH'_330/&<3?]\R^&
MT;]/:O/R?-,%G^)S#,<YS:GA\+#$SPV693+,U@*<*$%&7UJM2IXBC/$5*BG&
M,9U.:,9JJHKE5-4^C%X6M@*>'P^#PDZE5TU4Q.*6&]O)U)-KV4)2ISC346MH
MV=G&[OS.7PM\<_B%^U__`,$^=;\.^,]0^)%[^TA^S_K^JPZ->VWCNR5/$V@W
M_P!FFN!I][XBB:]U>WOKZTM[NXTO6Q>7NCSO9W,5[X;BN(;9-2_2GP[\1[3]
MI3]GJX\<?!#Q9<^'=0\;^$=77PEKWDV$VI>$?&$,%Q;0VVK65U%J%@USHNO0
MK;ZE;2175I>6J/+:R3V=U;74GP3^W%^UK^RE\7OV8_BC\/\`0/B?IWB#Q/J5
MAH]YX;TVW\-^,A)-K&C^(](U2%8+N?PY#96\CPVMQ$TD]U#&89949BKE6X?_
M`((I>(]5N?AC\9?"%XUQ_9^@>+?#&O6$,YDQ%/XGTS5].O?)20_NXVC\)6(V
MH%C,B.^/,:0GLP.94L/Q*LCP>8_VAE.9X&K6HQACGC*F7XFG&JZM*EB_:U:\
M:<J5&4U3E4;IRJ0E3<$GS8UL/.IESQU;#_5\5AJ\(SO0]C'$4I."C*5+EC!R
M4II.2BE)*7->ZMQ7[`G[;WQ]\??M1ZE\&_V@?&4NKKJFA>)="TC1[W1?#&AS
M:5XV\,2#59(F70=&TO=='2M*\0V5Y#/++F[%M'$@=.?WFK^9G]O+PQJ'[*?[
M>7@_X[>&+66#2/%NN:#\4[.*V$4<5SK%CJ<,7CC0@2%WMJU];3:AJ;/P+?Q9
M'%O`(V_TI:'K.G>(]%TCQ#H]REYI&NZ7I^LZ7>1\QW6G:I:17UC<H><I/;3Q
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MI9?MY_'/]LOQIJ-O;:CX>^'WA*?X#_!>\O`9+.T\?Z'_`*<=8MY-R@)I^O:?
M>W<CHZ)<:)X]4@%BDR\;_P`$:?BE<Z/J?Q@_9V\0-+9W]K<)X]T+3KTO%=0W
ME@]KX:\7VLD$A(BG6(^%V6VC(=?L>H2.AV.]>?@LVQRXLA6Q%:I_8^=K'8++
M*4JDW0C5RV<*7MHTV^2,\3.A.4)))U(XF.^AT5L)0_LIPIPC];P?L*^)DHKG
M<,3%SY'):M4U.*:N^7V9^])(`))``&23P`!U))Z`5^4O[*/Q]^-_[3/[5?QL
MUC3O&EW;?LS_``WU>]LM!T&#2/#WV37KMUN/#_AJ*+6?[(;6GL]3MM/U'QM?
MI'K)EM;U;"SFC2SO5A7Z>_;K^,?_``I+]F3XC^)+.Z-KXCU_3_\`A!?"31NL
M=P->\6)+IYN[1F(_TG1='_M;Q!'C)_XE)`4D@4S]A;X#K^S[^SCX)\*WUDMI
MXN\0PGQQXZS$D5POB7Q'#;S_`-G7(15'F^'](BTOP\^,H\NERSKS.V?H\9.O
MC,^R_`4*U6EA\OI2S3,71J3I^UE-RP^7X2HZ;3E"I-8BO4I3O"I"C%2331YU
M%0HX'$5YQC*I7DL+AU.*ERJ/+4Q%6*DG:48N$(SC9QE-V9\*_P#!2'_@IIXM
M^`/C[0?V8OV:="T_Q3^T#XI;0K;4-4O[1-7M?"%YXKFMXO#7A_2]$DDCMM5\
M9ZU%>65]`FJF32=.L]1TEI+#5Y=2DCTSTOP1^P1^TCXL\+Z9K?[0G_!0#]J*
M'XF7UHE[J^F?!7QGI_@#P1H.H7*K*^F6UC;Z-=6^LIIYS;/?VUEH%I>?.\.F
M6Z>6]?B_XP3^PO\`@NM:R>/5$4<W[2G@Z>REU%2D9CUBWT*7P%*CS85DCAO?
M#GV24$K'LA"[?+PO]?\`6&6\V;8O-*V-G6E#"XVI@\/A%5J4J5&%/>I*%*4.
M>K/K.I=IJ2C964=L5;!4<)"A&"E6H1KU:SA"<YRG;W5*<9<L(_RQM>Z;N]_Y
M8/VL-=_;0_8+^.7P_P!"^)'[9'QY\2_L[_$>:^;1OB/HTEMK_B_2X=/DM[?5
M=/U+0O%-Q>Z==:WX>.HZ7>RVT6J6EMXATZYCEL;NPNFO+/2_V]_91^#7Q:\'
MZI<?$SQ9^V/XJ_:=^'WCWP/I=SX)LM:\,VF@Z7:V^K3:?KFG>*=/GT_7M0L[
MS[;I)\F!DTVRD-O?,TCD*D2_FI_P<):II$7P,^`VB2R0#7[[XIZWJNGQ,4^T
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MY8);7]SH6KZ!\,+^QO\`P3!H9^VW>@ZMX?T+6W34](URZO;R#4KO3[/S/,?`
M#_\`!-;]L/\`:M\;WR^`?B+\>_C9<7]RGB2]^('AWQCJO@'P)I7ABW&DP61T
MZXGL_!.A>&+=K&+3]/BU'3+N?4-4O461[K4=0F=_V=T?1])\/:5IVA:#IEAH
MNBZ19V^G:5I&E6D%AINFZ?:1+#:V5A96L<5M:6EM"B106\$:111JJ1HJ@"O3
MH1>95?K4ZU&5'#8B7U.6!Q=:2<8I1G#%T[?5JLIQ;4DHR<(5'3C).\GR5&L+
M%4HPFIU:2]LL11@K-ZQE1E_%BHM75VKN*DU;0_-3]FS_`()U^'?V7/VE?C7X
MW^'=YM^"7QC^&=SH=OX7EU*\7Q!X'\0W?B&QNM0T/3;O9Y]UX<EL%GN=$U5K
M_P#M;3V1=.O5N)K6'6-0\O\`V!_C3^T3\/?`G[1U[^V1X_LIO@G^SQ\2K_X1
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MO^4]6K_]EZ^./_J&?$6OZ6?V7IO!=C\']`\`^!_BC>_&.P^#TDWPBU7QYJ,D
M5Q>ZCKW@F&UL]0L;B]MH8[2^DT:.>UTHW-M-J`_T3R+K5-1U""\NY?YIO@]_
MRGJU?_LO7QQ_]0SXBUYV?3]I+AVI9)SS?!R:4HS46Y1O'G@W&7*[QYHMIVNM
M#JRZ/+_:4==,%62;BXMJSL^5ZJZUL]=3^ICXN?%?P/\``[X;^+OBO\2-830O
M!?@G29M7UJ_9#-,R*R06EAI]JI$E]JVJWTUMIFDZ?$?.OM2N[6TB^>4&OYX/
M`W[6'_!07_@J'\5_$_AC]FCQ%#^S)\!_"4ROK7B^TC+ZII^GW4EPFCQ:QXH@
MMY=:U7QAJT=O<7-MH'A*?0=+MXX)DU"\6WMEUB[Z_P#X.#?B_K&D>"O@5\$M
M,N9[?2_%^K>)_'OB>.&4QK>#PQ%INC>&K2X56#3VIFUS7[MX)`T)N[.PN,>=
M;0LOZ$?\$C/A1I/PM_85^$4ME;11ZM\1X]9^)?B.\2-$DU"]\0ZI<6^CRRLJ
M@O\`9?">F^'K%"Q/%LSCF1LO$UZV9YW+*(5ZN'P>"H*OC'0G*E5Q%22IN-'V
MT&IPA:M"ZBXN5JMW?D<52IT\)@%C)4X5*]>HZ=!5(\\*<5S7GR/W7+W79N]O
M=M]I/Q^S_8E_X*%?"&VB\4_"7_@H5XA^*/BG38I+N7P)\;_#6JZCX*\43)&S
MOI4NH:MXN\;W6CP7C`1)<6=A:WD3,ICU;3N;J/\`#[_@K/\`M`R_'_QK\$+_
M`,3>&)OA[\6?`/A'Q#\/_C'\,[V1I+OP9X]T'Q;?27D=M,VY;[P[KEE=V.O>
M&M3@GN[>\TJ_B1+V[DMY9W_M/K^1[_@OO\.-)\.?M+?"_P"(NG6R6UY\1_AM
M'!KIC55^W:QX-U>ZTM=2F(4,]PV@WGA_3"SLV+;2K9%P%-<G$N!^J936EA:E
M94)5*$:^'K5ZV(A;VL7"K2=>=2=.:FHQE&,E"<9MRCS0BS;*L0ZV-@JL:?M%
M&HX5(4X4Y/W'>$U3C&,HM7DFX\RDDE*S:?ZM_P#"+?\`3&3_`+^Q_P"%%>Q?
MV?9_\\%_-_\`XJBN_D?E_7R.;G?;^OZO_2U_-G_@G"R_\/$?BR0P(?3/BUL(
MZ-GQ1IK#'KE59AZ@$U_257\QG_!-'5WNOV\]7UDQ2QVOB_2_B2UC*\;JLZW$
M,^MJ5W`'!AL6?Y@.<9PQ`/\`3G7E>'TE+),0U_T-<:__``*-"2_"2?S-L^3C
MC*:_ZA:"^[FC^:9^0/\`P6AFV?LU>`8<C,WQGTAL$')$7@?QYDCL,;QG/J*]
M[_X)Y:&;S]@SX9Z/"PB?6]"^(T"N<8234_&WC&W#G'&%:0'GL.:^:_\`@M*+
MBY^"?PGTZVBDFDE^)US?".-2S-]C\*ZO;$@#KA=28XZ@;FZ*:^M_^"<!_P",
M+_@JA#*\5EXPAD5@599$^(/BP,"#^!4]&4AAP14X6T_$#-8M72R"E!_]O5<"
MVOFI%5+QR'"M=<?*7W1K)?*\3\'O^":NE>'M'_;0T[P+\3-`T6^N+_3O&WA,
MZ/XDTNRU2TMO$UAIUW?&![?4K>:".]BET:YL86,:S?:9A;IB27:?ZA4^%GPQ
MC4(GPX\!HHZ*GA#P\JCZ`:<`/P%?C3^WC^PE\3-*^*:?M6_LNVM]<>)(=:L_
M%WB;PKX?0'Q!IOBO3KJ&_/BWPQ8A7_MB/4KR!=0U;288+F_35VN+R.SU2PU&
M>'2/</@E_P`%6OA-K.D6^@_M!Z7X@^$?Q)TD1Z?XA0>&M<UCP[=ZA&H62XMH
M=*M-0UW19)]IGN-+U336BT]G%O'JU_C?7#PW4PO#,\;D6>*EA&L95Q&7X_%0
MC#"XS#5(TXI0Q,U[*-2/(I2IRG%IS<+<T'?HS&-7,E1QV"YZO[J-/$4*;;JT
M:L6W=TT^9Q?-92C%KW>;9H_223X4_"Z88E^&W@&4=,2>#O#KC&<XPVG$=>?K
MS6YX>\'^$O"274?A3PMX=\,QW[QRWR>'M$TS14O)(0XADNETVUMEN'B$L@C>
M8.R"1PI`=L_!/BG_`(*4?!^]E?PU\`O#?CS]H/XB72K%I7AOPEX3\1:5IZW,
MX*V\^L:AK6DVVI6NF"7`N+S3=$U585#M.;>)))X_JC]GH_&>X^&UIJ_Q\CT^
MQ^(_B#6-;UR_\/:4]G+IWA+2KZ^?^P?"]K+8M-#+_9>E16PN'>^U2?[7-<+/
MJM_*K7#_`&>$S'*\9BO99?[+%2IPG.IBL)3C4PM&W+%4Y8R"]BZU3G]VC3G.
M?)"<IJ,4K^-5P^)HTN?$<U)2DE&E5DXU9_WE1E[_`"1LKSDE&]DFWM\8?\%8
MO@O_`,+,_9FN/&FG6IF\0_![6(?%$#QJAG?PUJC0:3XGME9Q^[MX-VD>(+N1
M70K;^'W^\"4;Q[]E/]L2WT'_`()P>+?%-_J,"^-/@5I=_P##O2X[A_+::_U<
MI:_"R8Q$R-_9]M)JUIH[,BDFV\+:E/L18G*_L)XG\.Z3XP\-^(/">O6RWFA^
M)]$U3P_K%HX!6YTS6;&?3[^`[@P_>VMQ*F2#C.<<5_*#^S[^SYX_N?VOA^RY
MJ\^K)X-M?BPMW\1]/51'I'B#2/A3<Z]>_;[^`9C-IJ.E3:M::/,044^)K5T3
M?<1$?(<2?7,IX@PF8Y=3<JF>X*KDL[;1QSY8X'$2Z7C*5%[W]EAZB5KL];+O
M8XO`5</B))1P5:.,5]W0U=>FNNJ4_P#MZI&Y_11^Q#\)9/@Y^S5\.?#VH0S1
M>)->TW_A.O%[73,]\WB+Q>(]5EM]0D8;Y;W1]-?3-`FED+.XTE2[NV6/XS_M
M`!OV+/\`@IGH/Q3M$.F^!?'&N6'CJ_\`*5H+,^'O'+7VB?$6.3:K13W%OJ3>
M*=3M;4*H@9](;:A$<E?TD@``````8``P`!T``Z`5^.__``6.^$,OBOX->!OB
MKI-GYVK_``V\5/I6H2QJWFIX=\7QQ)YSE01)]F\0:5HUK;+)@1MK%R4(,CJ_
MH<498L-PYAIX%6K<.2P>,P<K>]RX+DA4<GN[TN:M/K.=--MO4PRS$^TS"HJ^
ML,P5:C672]:\HVZ?%:"[*3L>@?'Z"+]I;]MWX(?`2$C4/`/P.TO_`(7=\35C
MQ-87>JS_`&&?PUI%WM+12,T$OAR(Q.R"ZT3QKJQ03)#(%_4FORQ_X)5?#;Q#
MI_P>\0?'#Q]<7VJ>.OC)JUK!'JFK;WU,^"O`=N_AK0()))B9=KWT&KB)U"QW
M6DVNAR#S(XH'K]3J];AZ,Z^%K9O6ING7SJM]=Y):RI8-0C2R^@W_`'<)"%62
MV5:O5:W.3,&H5(82$N:G@X>QYEM*M=SQ$UZU7**Z\D(KH?@[_P`%FO@-^SWJ
M6E>"/C;J?CS4OAG^TS%/#H'PLM?"NBWGB'7_`(M7VC7$-YI>A'1=)FMM2M+[
M1+^]M8M.\:03QII;ZG9:1>PZI/<^'+>R^A?A-\=/^"I.D?#OPY:?$G]A_P`)
M_$'Q=_8EH)?$UG^T'\._AS<W<_D*(;CQ1X6NX_$:6.J2IY<NK+I5W;Q"[:X2
M+1]-V+:K\6_\%N?@_P#''3?B%\#?VO?AOIEWK_A7X+:9IO\`;)MX&U&V\#>(
M?#'C*;Q9HWB?5]+5@YT;5I[VTM+N_1/LL$FAQ6VIW%N+O3EF\VT#_@X/\<36
M\,6J_LIZ/JE]##&+ZXT7XEZOID$DWECS)HM.NO`^MS64,DGS1PRZE>M'&0K7
M,I^<^36QN$P>=9B\37Q.4RFJ"IO#474CCH\G-+$5%4P^*IN:DW",J=.FU[RG
M*=1SMWTZ%>O@<+[*G2QBBZG,JL^5X=\R2I1:J49\K2NU*<T].6,4HW^D?$W_
M``3B_:5_;A^.^C_&;]NSQ3X2\#>`/"RPV/A?X(?"[5KO6;RWT&"[^W2Z)/K^
MT:=I,FKW#;O$'B6ROM9UK4U00V4>APV^C?V/^ZNC:-I7AW1]*\/Z%I]II.B:
M%IMCH^CZ580I;V.FZ7IEM%9:?86=O&!'!:V=I#%;V\*`+'%&B*``*_G=\-_\
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M@C2Y;71M2\57%[?7<FFP7WBBZ1[O3/#_`(:TW3++3_"FF6NLVUY::MJ5W<ZI
M+>_KM7R9\2O@SH'@3XC?$7]LCX?>`+_QO\>[;X#ZQ\/-,\):9+96T?C62RU&
MTU_0TD:<V[1ZS+<Z9I^B76I)<M=R^';:"Q@@N9;*RMG^)OV1_P!M/X@:)^P/
M\5OBY\<=*U_Q-\7_`-G3QQXUT[XI^&/$GG^&?%<_]H^)['Q;:VUU;7]D\VCO
M9^'?&BZ5HL$]B+=%T&.Q"QQ0N8]Z%=9?.6$Q3C"#6,Q.&=&C*&'H8+#*ERTG
M92<J[C*I6FKSG)QJ2>C@GG4I_68JM1YI23HTJO//FJ3KU>:\M;)04N6$7:,5
M>*U?,?L97R_^UWH*^+?@UKOA.Y_:,L?V8M(U\/9>(_B),^AVNHOX>DMYH]2T
M72=7UW7M!AT&?4!+%'<ZM97#:G%:"6WL7M9;G[3'Y'\3?VZ-(T_]EO3/VO?@
M'X6M/CS\,+"X@N_B!H]EKTGAOQ;X7\.-'Y&L79M!I6N+%K_@_4I[`^)-`U&W
MMTCT:>XUR'4UTNVCO;KX_M/@7^RE_P`%<M/T_P".U_\`![X_?!CQ'IMSH)N?
M'.MV47A[2?B+HMM-$;C1-(N5UC6-(\3Z;]@@:U'B31+'1M1TZ>:!9KVX:T?3
M!6,QM.M"6$PGLL5B:]!5:=&5:MAX5L-4T=6EB:5.49*UU[M2&NCG&ZNJ-"4&
MJU;GHTJ=3EE-4X590JQ:M"=*<HM/5;QE_A:O;[H_8"^!'@+]GO\`9QT'P=\,
M?B6_Q<\#ZWKFM^--`\<G3H=-M]6M-<:U@#6$=O=7D5UI^[36EM-0CN'AOHYO
M/MB;5H&/\\/P:NU7_@O%JDBL=K_M&_'BVSD-DGP[\2[?&3TR^`!U7[HZ#/\`
M7#H^D:9X?TG2]!T2PM=*T71-.LM(TC2[&%+>RTW2]-MHK.PL+.WC"QP6MG:0
MQ6]O#&`D4,:(H"J!7\<7P,O[N?\`X+4OXD:WN5LKO]K+XOV<5U)%(L3_`&_7
M?'.BQA7(`8.;H!2."OS<+S7CYY3AA5PY0A&,(T<RPJ48<SA%4W35HN<I2Y4W
M[O-*3M:[9VY?*55YG4DVW/"UKMVNW.[UY4ES:=$DWLCZK_X.'/"^I)XF_9J\
M:+;R/I-SH/C[PW+<J,Q0:AINI>'M2B@D/\$EU;ZQ(\(/WUM)]N?+;'[3?\$V
M]=L/$/["O[,=[IL\=Q;V?PPTKP_*\9!"WWA:YO?#6HQ-CI)%?Z3<QR`_-N4D
M]:G_`&^OV1-*_;._9ZU[X7M<VFE>,]+O(?%OPUU^\4BUTOQCIEM=6\%OJ$D<
M4T\>CZ[I][?:)J<D,4SVB7L6JQVMW<Z9;V[_`(D?\$_/VRO$G_!.?4?$O[(G
M[;'@WQIX`\+Q>(K[7/!/BJ70K[5+?PW>7WDKK4"0Z9%=2>(/!.LS)#J^GZWX
M5&L1VNK7.HR^7?VNK2W.DN=LIXCKXS$_N\%FF'A".)?\*CB*:I15.M/:FI*D
MW%RM'WXN]HS<2-\9EE.A2][$82HY.DOCJ4I.?O0C]IKG2:5W[KZM)_U&U_)A
M_P`'`?CG3M7_`&AO@UX"M)UFO/!?PPGU?4T3G[+<^,/$=_Y5K*1PL_V#P_8W
MAC.&$%[;R$;94)_;OQ3_`,%0/V68[.WTSX0>(=<_:#^)NNQM'X-^%?PK\*>*
M]2\1^(=0?8D$5S<W6@V]AH.GQ32PMJE]?R-<V%H9;B'3;^6(6LG\UO\`P5&^
M"WQ2\(_$+X<_$SXUW,VH?'CX[Z7XC^)'Q(T;3)UOO#?P_P!,34['P_X)^'NA
MS0F6.:V\'>'=)BL;V]%Q=+)=RR6Z7VIV]I;:I>Y\4XZEB,KJT<).&)BJE"6(
MJT9*I2I056')!U(<T'5J5'!QIJ7,J<9SDDDN:LHP\Z>,A.O&5*7+45*$XN,Y
MRY7S2Y7:2A&',G-JW,XQ5VW;^DOS(O\`GK%_W\3_`.*HKQC_`(2:?_GC-_X!
MI_\`$T5W>T\OQ_X!S<C\OZ^1^OJP0J5*PQ*4X0K&@*`C!"D#Y<CCC''%2T45
M](>8,:.-]I>-'*DE2RAMI(P2N0<$C@X[4JJJ#:BJBC)"JH4#)R>``.223ZDY
MIU%`!7)>(/`/@7Q9*LWBKP5X2\33(%5)?$'AS1]9E15X55DU&SN74*/N@$`=
MJZVBIE&,URSC&<7O&45)/Y--#4G%WBVGW3:?WHP]"\,>&O"ULUEX9\/:'X<L
MV(9K30M)L-(MF89`+0:?;V\1(!(!*9&3BMRBBG&*BE&,5&*T48I))=DEHOD#
M;;NVVWU>K"F".,.9!&@<YRX10YR`#EL9Y"J#SR`!V%/HIB"D958%64,IQD,`
M0<'(R#QP0"/>EHH`15"@*JA548"J```.@`'``]!2T44`?S@_`WQ*O_!4?]OS
MXM1_&6XN]<_9M_9YM=6N?A]\&9;NZC\(ZY>6?B6S\/>'=;\4Z5#-%!J\^J1Q
MZAXEU@78G>2Y&G>'9)9O#D#V$W]#/ASP9X/\'Z=#H_A+PIX:\+Z3;(L5OIGA
MW0M+T73X(T`5(X;+3;6VMHT10%54C``&`,5_-;;>#OB9_P`$DOVY/'7QGU?P
M-XD\9_L@_&&?7-.U+Q?X6L?[2'A+P_XEUJW\0V,6K(BQQZ;XA\#:I:0V20:E
M/:6WB7P]]NN-)N)-0NY+32_V[\)_M]?L7^,](AUK2/VF/@_:6TMK'=M:>)O&
MFD>#M9MH9$WC[;H/BR?1M9M'`R"D]BAW*P7=M-?,Y)7HT5BJ>/J4Z6:?6Z\L
M3]8E&%6I!SO1G2E4:<\,J?*J?L_W<+:)75_5Q].I/V,L/&<\)[&FJ2IIRA&2
MBN>,U&ZC5<G>7-:3NM[:=3^T3^R?\#_VF?`?B+P9\2/`/AC4+O5M+OK;2/%R
MZ)IT?BSPMJLUK+%8ZYH>O1VZZE:75C<.D[0"X-E?QH]EJ-M=V4\]O)_./_P0
M4M_%N@_M7?&[PS;SR-X7M?A/J\7B:.%G.GS:WI'CCPK:^'9SD@/<P17GB!+%
MG'F+;7>H[<"27/ZQ_M'?\%+_``;J6CZO\(?V*(=4_:3_`&B?%NFSZ3X97X<:
M7>ZSX0\%MJD<UFOC#6O$_DQZ->0:0"]Y9II]S=Z7]KB@;7M3TC3?-N&[G_@F
M7^PDW[%OPIUF?QE=V>K_`!I^*5SIVL?$._LI1>66AVVG1W)T3P;INH$;[^/2
M7U#4+S5=25C'J&KW\\<$MUI^G:;=237HT,PSO+L1@>2:P/MIXW%T;.F^:,51
MPWM8^[5JWY^:"DW3ISES6ND.G.IALOQ-.OS1^L>S6'HSNI:2O4J\CUA"W+:5
MDI2BDNY^E]<3XS^&_@3XA>'?%'A/QGX5T?7_``_XVL;?3?%NGW=J(U\06-HR
MM:6VIW%J8+NY2T*@VNZXW6W(A9`2#VU%?3RC&:<9Q4HR33C)*2:::::=TTTV
MFGHTVGHSRDVG=-IJS33:>CNM5V:37FKG@OPG_9?^`/P-L?$^E_"CX8>'O!ND
M^-+:&S\5:18'4+K1]>M8(KN!(=1TG5+Z^TZ=3!?7=O*3;!I[:XDMYS)"0@]U
MMX(+2"&UM8(K:VMHH[>WM[>-(8+>"%%CAAAAC58XHHHU5(XXU5$1555"@"I:
M*FG2ITHJ%*G"E"-TH4X1A%7;;M&*25VVW9;MO=CE.<VY3E*4GJW)N3>EM6[M
MZ:>@5`+:V!#"W@!5_,4B&,$29)W@[<A\DG</FR2<Y-3T59(5@>(O"?A;QA8_
MV9XM\-:!XHTW=O\`[/\`$6C:=K=CO(`W_9-3MKJ#=@`;O+S@#FM^BDTFFFDT
M]TU=/U3&FT[JZ:V:T9R'A;X?>`O`RSKX)\#^$/!ZW0"W*^%O#6C>'UN`&#`3
MC2;*T$P#`,!)N`8`]:ZIX(93F2&*0[2F7C1SL)R4RP)VD\E>F>U2T4*,8KEC
M%12V2227R6@-MZN[?=ZD/V>W_P">$/\`WZ3_`.)HJ:BF(****`"BBB@`HHHH
M`****`"BBB@`HHHH`****`,7Q)_R+NO_`/8%U3_TAGK^#;]N?_DONK_]A&;_
M`-+#117Q?&?^[87_`*^3_*)[N1_Q*W^!?^E(_JB_X)2?\F[P_P"_IW_HB>OU
M!HHKZ/*/^1;@O^O$?U/+QG^\UO\`&_R04445Z)S!1110`4444`%%%%`!1110
'`4444`?_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>70
<FILENAME>kingsdalelogo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 kingsdalelogo.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``(!`0(!`0("`@("`@("`P4#`P,#
M`P8$!`,%!P8'!P<&!P<("0L)"`@*"`<'"@T*"@L,#`P,!PD.#PT,#@L,#`S_
MVP!#`0("`@,#`P8#`P8,"`<(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`S_P``1"``^`6(#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#QK_AKOXL_
M]%0^(?\`X45W_P#'*/\`AKOXL_\`14/B'_X45W_\<KSRBOQ?VT_YF?Z#_P!F
MX/\`Y]1_\!7^1Z'_`,-=_%G_`**A\0__``HKO_XY7T%_P3R^&?Q__;[^*QTV
MQ^*7Q*TGPCI#*^NZW_;UX4MD//DQ9?#SN.B]%'S'@`'R_P#8%_8*\4_MZ_%U
M=#TCS--\.Z:5EUS6VB+1:?$3]Q>SSN,[4^I.`*_?O]G_`.`/A?\`9E^%&D^#
M/!^FQZ;HND1[448,EPY^_-*W5Y'/+,>I]``!]#DF5U<5+VM5M07GOY+]7\O3
M\G\2>-,OR2D\#@J<)8F2_EBU!/J]/B?V5\WI9/=\!^#+7X=>#=,T.QEOI[72
M[=;>.6]NGNKF4*/OR2N2SN3R6)Y)KX,_X+&?\%85_9ZTN\^%_P`.-15O'U_%
MLU74X&R/#L+#[JD?\O3`Y'_/,'<>2M==_P`%</\`@J=:_L<^$Y?!7@ZY@N_B
M?K5OE6X=/#\##BXD'0R,,^6A_P!X\`!OP^U35;O7=4N;Z_NKB^OKV5I[BXGD
M,DL\C'+.['EF))))KU,^SI4D\)AGKLVNGDO/\O7;XKPP\.I8^HL\S>-Z=[PB
M_MO^:7]V^R^T]]-^]B_:]^+4+*R_%'XB!D((/_"179((_P"VE?I'_P`$2/\`
M@IYXW^-WQ-N/A1\1M5F\27,MA)?:)J]P!]LS%@RP3,`/,RIW*Y^8;6!)XQ^3
M%?8'_!"?G_@I'X6_[!>I?^DQKYS*<76IXNFHR>K2?FF['ZYQ]D&7U\AQ4IT8
M\T(2E%J*33BKJS2OTU[K0_>2BBBOU(_BD#S7X-_\%7_CYX]\(_\`!0KXE:=I
M/CKQKI6GVMW;B&TLM=N[>"$&UA)"QI(%7DD\#J:_>2OY[O\`@L!_RDB^*/\`
MU^6W_I)#7R_%<Y1P\'%V][]&?M'@?1IU,YKJI%->R>ZO]N!^RW_!+_Q!?^)_
M^"?OPJU+5;^]U._NM#22XN[RX>>>9M[_`#.[DLQ]R:^#/^"OW_!8"Z\3:O>_
M"WX1:Y=66G6$QBUWQ)IUR8Y+R13S;6LJ'*QJ?OR*06(VJ<9+>0?%3_@JC?>&
MO^"??PZ^"7P\N[BQO(M`2U\5:P@,<D88MFR@/4$@_O)!V.T'DFJ/_!'O_@G!
MI/[;WQ$U'6_%.H6H\&^"YHA>:1#-B\U25AN2-@.4MR`=S=6P5&/F(\ZOFE7$
MTZ6`P;U<4F_DKJ_9=7\O7ZO*^#,'E&(Q?%'$$;4XU)NG"U]YOEDUW>G(ME=-
MVTMZS_P23_8W^*_[6VJ6OQ`\>_$+XE6?PTL9LVMH?$U_'+XED0\J#YN5ME(P
MS#ER"J\9(R/^"\7QA\8_#C]MFPTWP]XP\6Z#IZ^%[-Q:Z;K-S:0[O-G!;9&X
M!8@`$XR<"OV/T/0K+PSH]IIVG6EO8V%C$L%M;6\8CB@C485%4<!0```*_$[_
M`(.%O^3\['_L5;/_`-'7%;YM@E@\N48R;DY*[[Z/\#S>!^))\0<7.M6IQC34
M)\D$E:*NO+63ZO[K))'JOP,^+?BV_P#^"`'Q,\0S^*_$\_B"UUV=(=4DU:X>
M^A47=H`JSE_,488C`8#!/K7P_P#!K]N[XK?!;XJ:#XKM_'7C'6)-$NUN'L-1
MURZN;6^CZ/#(CR%2KH67.,C((Y`K[`^`/_*NE\4_^P_/_P"EEG7PA\'/@AKW
MQVO_`!!9^'8/ME_X>T*Z\026PR9+B"W,?FK&.[A7W`=PI'7%>+CZM7]Q[-N_
M)';U9^D<,83`O^U5BH1Y/K%1.Z5K.,%;R6I_2%^SU\=-"_:6^#7A_P`<>&[C
MS])\0VBW$8)!>!NCQ/Z.CAE(]5-?GU_P<7_%#Q/\.'^$7_".>)O$7A[[8VJ_
M:/[+U.>R\_:+3;O\IEW8R<9SC)]:\0_X(0_MZ#X&?&!OA=XCO@GA+QW<!M,E
ME?$>GZF0`HYX"3@!3_MA/4UZG_P<PYW?!G/][5_Y6=?0XG,OK643JIVDK)^M
MU^9^59'PC+)./*&"J+FI2YY0;5[QY)VOYQ>C\U?JCTO_`(-YOB-X@^(/[/GQ
M#N_$GB'7-?GM?$JQQS:IJ$UX\*?8X255I68JN23@<9)->!?\%,_^"W/B?QAX
MYU7P1\&]6D\/^&=*E:UNO$5J0+W5I%.',#G_`%4(((#+\SXSD`@'D?V)?CA=
M_`3_`(([?M!:IIUP]KJNJ^(H-%LY4.&C>YMK>)F![$1F0@^H%>(_\$MOV8-/
M_:P_;2\)^%=8A%QX>LEEU?58#G;<6]N`?*/^R\C1H?9C7E5,?7EAJ&"H.TI+
M5^K:2O\`F?:8;AC+*><9GQ%F=-2IT)>[&R:]VG&4GR[-ZI13TO?K9K!\&_LD
M?'?]JG3V\4Z9X,\>>-+:[)(U:Y#RBY]2LLS`N/=215SX<?M*?'7_`()]?$H:
M?:ZKXL\(:CIKAKCP_K"R&SF7T>VD.PJ<8WI@^C5_1=8:=!I-A!:6L,5M:VT:
MQ0PQ($CB11A551P````!P`*^;O\`@I-_P3CT?_@H-X$T2T;5(?#7B/P_=^;:
M:P+,7+B!@1+;L-RDHQVL.>&7..37;6X9G1I^TP]1NHOE?TUT^\^=R_QDPV.Q
M7U/-\+".%EIUERKI=6:DNCLE;=;6-O\`X)V_MUZ1^WM\"$\2VMLNEZ_I<HL=
M=TL.7%E<;<AD)Y:)U^92>>H/*FOBG_@L;_P5O\6>`/BIJ7PF^%VJ/H+:*BQZ
M_KMOC[69V4-]F@;_`)9A%*[G'S;C@$8)/T7_`,$T/^"66I?\$]?'WB?56^(`
M\4:?XEL(K66Q733:K'+')N2;/F-DA6=<8_BZU^3_`/P51^&&K_#7]OGXHV>L
MP3PG6M7EU:SE8$"YMKCYTD4]P,E3CH5([5>:XS&T\OA[1<LF[2:_X&USGX&R
M#AW&<68CZHU5H0CSTXM.UVXW5I)-\EVE>_1ZM7+OPV_X)W?M%_M?>&T\;:=X
M5U_Q'8ZD/,AU36=5CBDOU)/SH;F0/(I.<,.#VK'TKXI_'W_@G+\4$TK^U?&'
M@+6+/;<'2KR5I+&[CSPQA8M#+&<$97TZ@BOOO]BS_@OK\/?#OPK\,^$OB)H&
ML^&KS0-/M],&HZ;!]LL)UB18UD**?,CRJ@E0K<YQ7K?Q^\#_`+-7_!8EO"T4
M'Q/M'U7P\TWV2+2KV&UU"99@NZ)XIT\P@%`<!>#GUKSH99AZE*,\'6O5TT;2
MUZVV:_$^JQ7&>;87&SPO$67)8+5<T8.:25[7=W%IZ)Z1M>_2QV'[)G[=D?[<
M7[`WBOQ<D0T;Q5HNEWUCK%M;2,HM;M+9G66)L[@CJ5=><KR,DKFOQ"T+]HWX
MKZU<6=G:?$3XE7=Y=LD,$,7B._>2:1B`JJHER6)(``Y)-?M[\$O^">/A3]@'
M]G;XMVOA76?$>JP^)]&N)KA=4EB<1-%:S*"FQ%QD/SG/05^(?[(9(_:?^%YR
M<CQ1I?\`Z5156>2Q"5"-=VG9IV?GO]QEX;+*G/-,1EL.:BI1E!26J7+)M:W:
M2=TO)([S4+']J+0[9KJZ_P"&@[>*'YFD>;6-J8YR>>!]>*V?@'_P5B^/7[.G
MB6*2/QMJWB2QMI`MSH_B21KV&0`_,FY_WL3>ZL"/0]*_H3K\XO\`@O\`_L8^
M'M<^`_\`PM_1],MK#Q1X;O(8=6N+>,1G4K.9Q'F7'WG21DVL><,PSC&.G&Y'
M7PM)XBA6;<=>VGW_`('D\/\`B5EN>8R&59I@(*-5\J:LU=Z)-.-U=Z)IW3MZ
MGUI^PA^VUX<_;L^"$'BS0T:PO[:3[)K&E22!YM,N0`2A/\2,"&5\88'L00.J
M_:F^.=G^S3^SQXP\=WQ0Q>&],ENHT;I--C;%'_P*1D7\:_(;_@WR^,%WX'_;
M:N_"PE?^SO&VBSQR19^7S[;]]&^/4)YJY_VJ^@?^#C;]I+^QO`7@_P"%-C<$
M7&NSG7=553R+:$E($/LTI9L?],A7I4<Z<LLEB9?$M/GT?XIOYGR68^'L*7&5
M/):"?L9M3]*>KDK^7*XIOROJ?F?J?[5WQ3UN_NKNY^)7Q`$][*\\HC\1WJ(&
M=BS!0)`%&2<`8`%?N3_P2%_:@F_:B_8A\-7^IWLM]XC\-EM"U>6:0O--+!C9
M*Q/)+Q&-B3U):OR5^$7[!=U\1_\`@FG\1_C*()FU#PYJ\`TU02!)8P?+>MM[
M\RJ<]A`WK7LO_!O7^TD?AO\`M.ZS\/;ZXV:9\0++SK568!1?6RLRXSW>$R#W
M**/2O`R3$5</BZ?M6^6HNOF]']Z^YGZAXCY7@<WR/$O`17M,)/6R2^%)S6G1
M1E?UC;H?KA^T?>SZ;^SSX]N;>::WN;?P[J$D4L3E)(G%M(0RL.0P(R".0:_`
M?]BW]HWXC:W^U-\*[2^^(?CV]M;OQ)IT<\%QXBO)8IT:9`RNK2$,I'!!!!K]
M\_VF_P#DVWXA?]BUJ7_I+)7\[7[#7_)VOPD_[&?3/_1Z5Z/$\Y1KT>5VW_-'
MR7@[0I5,HS%U(IM)6ND_L2/Z7:***^R/Y\/QH_X+T_&CQGX`_;?L['0?&/BS
M0K%O#-I*;;3=9N;2$N99P6V1NJ[B`.<9X%?+7@K6_P!HSXE:&NJ>'-4^.&OZ
M:SM$+O3M0U2Y@+K]Y=Z.1D=QGBOH'_@X6_Y/SL?^Q5L__1UQ7NG_``1X_P""
MBWP;_9C_`&,K7PMXY\:VNA:['K-[=&UDM9Y&$<CJ4;*(PP<'O7YU5IQK9C4I
MU:O)&[UOY[;H_K3`XVMEW!^#Q>!P:Q%1Q@N51;=FG=Z)O2R^\^(/^$;_`&JO
M^>/[0W_?W6/_`(JON'_@A)I7QDL/VA/'#_$J/XGII;>'8Q:'Q.]\UOYWVE<^
M7]H)7?MS]WG'M7U)_P`/F_V:_P#HIMA_X`7?_P`:KU_]G?\`:G\!_M8>%[W6
MO`&OP^(M,TZZ^Q7$T<,L0CFV*^W#JI/RLIXXYKV<NRW#PQ$9T\3SM=+K73U/
MSWBKC/-L1E=7#8O*O8PFDN=QDK:IK5Q2N[6W/0J***^L/PT_E;KVG]A?]AWQ
M7^W;\8HO#>@!K'2;+;-K6LR1EH-+@)_)I6Y")GD\G"@FO2_V$?\`@DYXI_:R
MN;+7?$VJ6?@/P%*1)]MNIXQ?ZDGI;0DY`/\`STD`7T#=*_:G]F?X,_#S]F_X
M<V/@SX?0Z59:;9KO9(+A)KBZDQ\TTS@[I)&[L?H,``#\XRC(YXF2J5M(?B_3
MR\_N/Z[X^\3</E-*>$RY^TQ&UUK&'FWLY+I'O\79VOV;/V;O"G[*'PBTOP7X
M/T];+2M-3YW(!GO9B/GGF?'SR.>23[`8``'A7_!4K_@IEI7["GP[_LS2&MM3
M^)6O0-_95@Q#)8(<C[7./[BG[JG[[#'0,1TW[:W[;^N?`+P7>0>`OAIX]^(7
MBV:-DMELO#]VVG63\CS)Y=@R%QG:F2W3*YS7X-_M!:]X\\9?$_5O$OQ(@U^/
MQ-K=P9;N?5;.2U9VZ!%5U`55&`J+PH`%>]G.;QPM)8?"JSVNMDO+S_(_+/#S
M@6IGF->9YS*\+\W*W[U26^JW4>[>^RTNUSOC'QCJWQ#\6:EKVO:A=:MK6L7#
MW=[>7#[Y;F5CEF)_H.`,`8`K-HS17P+;>K/ZKC&,8J,59+9!7V!_P0G_`.4D
M?A;_`+!>I?\`I,:^/Z^P/^"$_P#RDC\+?]@O4O\`TF-=F6_[W2_Q1_-'S7&G
M_(@QO_7JI_Z2S]Y****_6S^$0K^>[_@L!_RDB^*/_7Y;?^DD-?T(U_/=_P`%
M@/\`E)%\4?\`K\MO_22&OEN+/]VA_B_1G[;X%?\`(ZK_`/7I_P#I<"Q^R)_P
M2J^)'[7_`,%_%7CC2+?^SM,TBSD?1%N8R'\272'YH8<XP@`8>9R"^%&?F(X3
M]B?]K?Q%^PQ^T5IWB_3H[EH;=S8Z[I3Y0WUKOQ+"P/212-RD_==1VS7[?_\`
M!*+_`)1S_"(]_P"P8_\`T-Z_/W_@O'_P3Y'PM\:M\9_"EEL\/^);@1>([>%?
MEL;YONW.!T28\-V$F#_'7D8G*)8?"4L;AV^9)-_/5->FWX]S[O)N/Z>;9WC.
M'LWA'V4Y2A!=/=;BXM]Y6NGTEHMU;]9OA-\5-#^-_P`-]%\6^&KZ/4M#U^U2
M[L[A.CHPZ$=F4Y5E/(((/(K\9?\`@X6_Y/SL?^Q5L_\`T=<5I_\`!#W_`(*)
MG]GGXE)\+?%U^(_!7B^Z']F7$[X31]0<X`R>%BF.`>ROM/`+5F?\'"O_`"?G
M8_\`8JV?_HZXKJS3,8XS+%47Q*2379V?X/H>%P9PG6X?XTEA)ZTW3FX2[QNO
MQ6S\]=FCM?@#_P`JZ7Q3_P"P_/\`^EEG7GG_``;^()/^"@ZJP#!O"NH@@C(/
M[RVKT/X`_P#*NE\4_P#L/S_^EEG7GO\`P;\_\I"D_P"Q6U'_`-&6U<D/][P?
M^&/YL^BKO_A$S_\`Z^UO_2('/_\`!87]A63]C+]I(ZSX?@EMO!'C:9]1TAX<
MJNF70;?-:@C[NUB'3_9;`^X:S/V\/VXA^VI^S+\$FU:Y\SQSX-;5--UY2,&Y
M^6T\F['M*JG/HZOVQ7[0?MO?LFZ/^VC^SGKW@?5?+AN+M/M&EWI7+:?>H"89
MA[`_*P[JS#O7\YWQ#^'^L?"CQYK'ACQ!9R:?KF@7<EC?6[C!CE0X./53U![@
M@]ZC.\)/!5)JG_#J?HT[?+IY,V\-\]P_$6%H2QCOBL&WKU<91<+^::=I?WHI
MO='TY\(_#-UXA_X(P?%^>W61DTCXAZ7?7&WH(Q!#&2?;=(M=!_P0*\7V?AG_
M`(*#V=I=R+&^NZ!?6-J6.`\P\N8+]2D3_E7T+_P0E^#^E_M`?L(?&SP5K:LV
ME^)M9:PG*C+1A[&$!Q_M*V&'NHK\^?BS\*?'_P#P3[_:;73;\W.B>+/"-\E]
MI>HQJ1'=HCYBN8B>'C<#D>[*><BLIQGAUAL;:\4E]ZDW;YK8[Z5>CFM7..''
M-1JRDVK]I4X*_GRR6ODT?T#?ME>!]=^)?[*7Q"\/^&8I)_$.LZ%=6FG1QSB!
MWG>,A`')`4Y[Y&*_#_XP?\$]/VE?@!\,M4\7^+;'6]+\/Z)&LMY=?\)0LOE*
MSJ@^59BQ)9E&`.]?<7P0_P"#CKP5?>#+>/XB^#O$FF^(88PL\FB1Q7=G=,!R
MR!Y$>//]T[L?WJ^8O^"FG_!7V_\`VZ_#-KX$\(Z!J'A_P<UVEQ<"Y=9+_694
M),2%$R$C!PVP%BS`<\8KT\ZQ.7XF"KJHW)*R2_73]?0^)\/,GXKR;%O+IX6*
MHRFG.<M;):/E:E9MI::/5ZZ7+O\`P0,\7:MJ_P#P4`6&^UC5KV`>%]08QW-[
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MIO\`:,.I7NK:I`MNQ,6[9'#'DMR6Y9L<#`'.:>88?*70=;#3M+HKW^33U7Y$
M\*9OQU3S.&`S:ASTKVE-Q2LNZG&T9>EFWY'IG_!)?]OOQ/\`'?\`9Z^*OPP\
M;:G<:YJ7AGPI=ZCH^I73[[F6T\EXW@D<\N8V*%6.6VL02<"OSC_9#_Y.>^&'
M_8T:7_Z51U]J?\$1OV==7;X>?&CXIWEM-;Z&/"5]H.F2NI5;V8QM),R?WE0(
MBD]-S$=CCX.^"GCF/X8?%+PEXFFMI+V+P[JMIJ;V\;A'G6&5)"@8\`D+C)Z9
MKSL74J2HX>59][7[77]>A]1DF"PE/,<WH9=%*_)=*UE-PE=+HM=^S;/ZAJ^3
M/^"WOB^R\*_\$WO'4-W*$FUN2RTZT4G!EE:ZB?:/HD;M_P`!KYVF_P"#E[P]
MY3^7\(O$9DQ\N_6K<+GMG"'BOA__`(*`?\%*/&G[?OB'3SK5O:Z!X8T5VDT[
M1+21I(TD8;3-*Y`,DN/E!P`H)`'))^HS7/\`"/#3IT9<SDFMGU];'XYP9X6Y
MY#-Z&)Q]+V5.G*,VW*+;Y7=)*+;U:]$ON.V_X(6Z)/JG_!1WPQ<QC]SI.EZE
M>7+G@1Q_9S'DGM\TBC\:\K_X**_M(2?M5_MB>-_%T,OG::UX=.TC)^46=OF*
M(CT#X9_K(:^E/@5\(]7_`."=7_!-WXA?%[Q+;S:-X\^*]G'X7\+6<Z[+FRM)
M\EYF4\J[H'D`ZA8DS]ZO`/\`@FC^Q,G[=7[2$7@^\O+_`$S0-/TZ;4=4O;,*
M9H(U`2-5W`KEI64<@\!J^7G"K[&E@HKWI/FMZV2_!7]&?LV'Q>!_M/&\2U9+
MV5""I*6_PMSJ-=_>DHJV[32/NG]G?_@JQ^S-\'OV--"^$EZ?&-S8P:"VEZGL
MT,E;F29&^TN#NYW222$'W%?E]\/?B'/\"_C+H_BGPU=2S2>$]72_TZ9D*/.D
M,N4W+VWH,$=MQ%?K/_Q#=_##_H?/'OYVO_QJOB7_`(*N?\$X++_@GYXP\)#0
M=4U?6_#GBBUFQ<Z@(_-BNHF&^/*`#!1T89&?O=<5UYIA<P5*-2O%)0LDU;3:
MW4\#@K.N%9XZM@\MK3G4Q3<I*:=I-*3=KQ6K3=^Z/V9^)'Q%T[XO?L2>)/%6
MD2B;3/$7@J[U"U8$']W+9.X!QW&<'W%?S\_L-?\`)VOPD_[&?3/_`$>E?I/_
M`,$BOVDC\3/^"8OQ5\`WUQYFI_#S1]22W5F^9K"XMII(L>RR>:OL`OM7Y:_L
M]?$6+X/_`!<\%>+)[26_A\,ZG::G);1N(WN%B=7**Q!`)QC)'%:9WBU76&K]
MT[^MU?\`$YO#S(JN6_VOE:5W&24?-.,N5_--']0%%?F+_P`1+WAO_HD?B7_P
M<V__`,35OP__`,')/AS7M?T^P'PF\21M?W,5L'.L6Y"%W"Y(V\XSFOJO[?P'
M_/S\'_D?BTO"[BA*[PC_`/`H?_)'SG_P<+?\GYV/_8JV?_HZXK%_87_X(U:[
M^W)\!8?'FG^.]*\/6\U_<6/V.XTV2X<&)@"VY748.>F*V?\`@X4.?V\K$^OA
M6S_]'7%7?^"=G_!9K1OV&/V;X/`=]X!UKQ'<0ZC<WYO+;488(R)6!"[64G(Q
MUKY"<<++,ZJQCM"[[[WTV/WC#5,[AP9@GP^KU^6'\OPV=_CTWMYG>?\`$-1X
MK_Z*OH'_`()9?_CM?;G_``3#_8+U']@#X1Z_X:U+Q'9^)IM9U<ZFL]M:-;+$
MIACCV$,S9.4SGWKY<_XB7O#?_1(_$O\`X.;?_P")KW+]@#_@L%I'[>WQFO\`
MP=8>!-8\-36.EOJ9NKK4(KA'"R(FP*B@Y._.?:O>P']CTZ\7AI>^]%\773KH
M?F7%:X^Q.65(YQ3_`'$;2E_"5K.]_==_N/LBBBBOJ#\4/Y7&=G.6=R?=C5G1
M==O_``WJ,5[IM_?Z=>0,&CGM;AX94(Z$,I!%5:*_%_,_T3:35GL?H=^P%_P7
M?\5?";4;+PU\8I[OQ=X6<B)-="[]4TP9QNEQ_P`?$8[D_O!URW2OULLY?!W[
M17PXL[^--!\9>%M<MQ-;N\4=Y:7<3#J`P(/H0>01@\BOYA:^J_\`@F1_P4ZU
M[]@[QN-,U(W>M?#76)PVI:6I+2:>YP#=6P/1P/O)P'`[,`:^IRCB"5-JABGS
M0?5ZM?YK^O(_%./?"NCBHO,<CC[.O'5QCHI^G2,O2R?6SU/M+_@H9_P0?\.>
M+O#>H>*_@I:#0/$=JAGE\-B3_0-3`&2L&X_N93V&=C'C"]:_(G4],NM#U2ZL
M;ZWGL[ZRE:"XMYT,<L$BDJR,IY#`@@@U_4%\.?B+HOQ;\#:5XE\.:E;:OH>M
M6ZW5G=V[;DFC8<'V(Z$'!!!!`(-?"W_!8#_@DO'^T=IE[\3/AQ81P_$&QB,F
MI:;"@5?$D:CJ.PN5`X/_`"T'RGG!KNSK(83A]9P:\VELUW7^77IKO\QX=>)]
M?#5UE&?S;5[1G+>+VY9MZV\WK%[Z;?B_7V!_P0G_`.4D?A;_`+!>I?\`I,:^
M0KFVELKF6">.6&>!S'+'(A1XW!PRL#R""""#R"*^O?\`@A/_`,I(_"W_`&"]
M2_\`28U\KEO^]TO\4?S1^V\:/_A`QO\`UZJ?^DL_>2BBBOUL_A$*^1/VB/\`
M@BK\(OVF_C/KOCOQ%?>-8M:\0R)+<I9:E%%;@I&L8VJ8F(X4=SS7UV<U\T?'
M_P#X*+R>`_VAY_A%\-?AGXM^,GQ&TJP@U37+/2;BVT_3_#=M/N\AKR\N76-)
M)0I*1*&<J-V`.:PQ&%I8A*-:*DEW/4RK.L=EE1UL!5=.35FXNS:NG;[TCVCX
M!?!32/V<?@YX>\#:!)?2Z-X9M!9VC7DHEG9`2<NP`!/)Z`5I_$SX;Z-\8/A_
MK'A?Q%91:EHFO6KV5[;2#Y98W&#]".H(Y!`(Y%?/_P"S]_P4IA\?_M$P?!_X
ME?#GQ?\`!CXG:E9S:CHNFZW+;WMAXDMX<><]C>V[-%*T8(+1G:X'.W&:]*_9
M@_:HTK]J3_A8/]E:9J6F_P#"O/&>H^"KS[64/VJXL_+WS1[2?W;>8,;L-P<@
M5K[**A[-+2UK>6UCCGBZTJ[Q,I/G;YN;KS7O>_>^I\P?\0[?P'V@?VG\1>/^
MHQ%G\_(KNOCS_P`$9_AA^TIK6A:GXNU[X@:AJ>@Z+;Z%%=#5(EEN8("VQY3Y
M)WR_.<MQG`XSDGZWHK@648-)Q5-69])/COB"52-66+FY1O9WU5][/SLK^A\Z
M^$_^"8GPZ\&?L<Z[\#K2[\3MX.\0W;WMU+)>HU\':2.0A9!&%`W1+QM/&:Q_
MV1_^"1WPO_8N^+P\;>$;WQ=/K`L)M.VZC?QSP>7*4+':L:G=F-<'/K7U%16J
MR_#*49J"O'1>5MCB?%.;.E6HO$2Y:S;FKZ2;23;[W20$9&*^7OVM?^"17PE_
M;*^*W_":>)U\1:=KLEJEI<2:1>I;)>!,['D5HVRX4[=PQ\H`["O?_B_\1[;X
M._";Q3XNO;>XN[3PKI%WK$\$&/-FCMX7F9%R0-Q"$#)`R:H?L\?&:R_:+^`W
M@SQ_IUI=V&G^-=%M-;MK:YVF>WCN(5E5'VDKN`8`X)&16V(PU*O'DJQYEYG#
MEF;XS+JWUC`U73G:UXNSL^AQ7[%O["_@W]A'P;K6A^"[C7;BSUV_&HW!U2Z2
MXD$@B6/"E47"[4'&#SFM[]I7]D?X>_M=>$%T7Q]X<L];@@RUM.<Q7=DQ&"T,
MRX=#ZX.#@9!KTBBDL-25+V/*N7MT'4SG'3QG]H2JR]M>_/=J5[6O=:['YO\`
MC#_@VT^'NIZJTNB?$3QGH]H6R()[>VO&4>F\JA_,5[K^QO\`\$?/A+^QUX@A
M\06EO?\`BSQ7`I$.JZTR2&S)&"8(E4)&2.-V"W^UCBO6O@W^U1I7QG^/WQ;^
M'UEINHVFH_"&^TZPU"ZG*>1?->V*7B-%@EL*CA3N`^8'&1S7IUS.+:VDE()$
M:EB!U.!FN2ED^#IS52%-7^;_`#T/>QW'W$.,P[PN(Q4G!Z-:*Z[-I)M=TWKU
M/F7]E/\`X)+_``O_`&.OC7-X\\)7/BM]8FM;BS\J^OXYK9(YW5V`01J<@H`.
M>!ZUZI^TO^R/\/OVO/!R:)X^\.6FMV]N2UK.<Q7=BQZM#,N'0GC(!P<#(-1_
ML:_M0Z7^VC^S'X/^*.BZ;J.D:5XQLVO+:SOBAN(%$KQX?82N<H3P3P:]-KIA
M@J$*;HQ@N5].AX^)X@S+$8N./JUY.K&R4KOF26UFM>I^;_C'_@VU^'FIZD\F
MA_$3QGH]LQRL-Q!;WI4>FXJA/XBNI^#G_!O+\'/`6KQ7OB?5O%/CDP.&%K=3
MI9VDF.SI"`S#VW@>QK[WI&8(I9B`%&23P!7''(\"I<RIK\7^%['OU?$CB:I2
M]C+&2MY63_\``DE+\3GS\+-#MOA?-X-L+"#2/#\FGR:9':6$:P);0.A0K&`,
M+@,<<=>:^+X_^#=KX#QHJC4_B)\HQ_R%X?\`XQ75Z/\`\%3_`!3\<+S6K_X(
M?L^^._BUX(T2[GL1XK&KZ?HFGZU-!(8YAIXNI!)<HKJRB3:B,5.&(YKUG]BG
M]N_PK^V[X>\1'2--\0^%?%G@C4/[(\5>%/$-H+35_#UWMW".9`65D=?F21&9
M'`)!X('7B,OP]:WM8)VV\CQ<LXFS7+N?ZCB)4^=WE9[ON_O9\^?\0[OP'_Z"
M7Q$_\&\/_P`8KU?]GK_@D/\``C]F[Q#;:SI'A'^V-:LV#V]]KERU_)`PZ,BM
M^[5O<(",<5],T5C3RK!PES1IJ_H=F+XWS_$TW1K8NHXO=<S5_)VM=>1X5^VK
M_P`$^O!G[>=KX?MO&NI>*+>T\-R336MOI5ZEO&\D@52[AHVW,%7`Z8#-ZU%^
MQ5_P3F^'G[!K^(9?!7]MW-UXE\E;NXU6Z2XE5(MVU$*HNU<N21SDX]*]ZS6)
M\3/&9^''PX\0>(O[/OM7_L'3;G4?L-DGF75[Y,32>3$O>1]NU1W)%;_4J'MO
MK'*N?OUVM^1Y_P#K#F2P']F*M+V'\E_=WYMO77U-NO(OVROV)O!?[<_P\L/#
M?C4:K':Z7?KJ-K/IUPL%Q%($9"`S*PVLK$$8YX]*[7X)?$L_&;X/>%O%QTC5
M=`/B;2K;5/[,U.+RKW3_`#HED\F9?X9$W;6'8@UU%;5:4*D'3J*Z?0X,%C:^
M$KQQ.&FX3B[IK1IGRG^SE_P1\^&'[+NL>([SPQJ_CC_BJ]#N/#^HPW>I12Q2
MV\PP3@1##KU5L\$G@UYS#_P;L_`:&%$&I_$7"`*/^)O#V_[85]Y9HKB>4X-Q
M4735EM\SZ&''.?PJ3K0Q<U*=KN^KMM?TOH?!_P#Q#N_`?_H)_$3_`,&\/_QB
MK.C_`/!OA\#-$UBSOH=2^(1FL9X[B/=JT)4LC!AG]STR*^YZ1VV(6/.T9J/[
M&P/_`#Z1L_$'B-JSQD_O/F+]KS_@DQ\,/VUOBK%XQ\7WGBV#5H;"+3E73;^.
M"'RHV=E.UHV.[+G)SZ5Y;_Q#N_`?_H)_$3_P;P__`!BOIG]B7]K32?VX?V<=
M&^)6AZ7J>C:;K5S?6L=I?E#/&UI>S6CEMA*X9X&88/0C.#D5ZO5U<IPDY.<Z
M:;>YAA.-\^PM&.'P^*G&$59)/1+L?!__`!#N_`?_`*"?Q$_\&\/_`,8KU?\`
M8\_X)1_#/]B'XG7?BWP=>>++C4[VP?3I%U*_CGA\IG5R0JQJ=V4'.?6OIFBB
MGE6$IR4X4TFMF+&<;9[BJ,L-B<5.4)*S3>C7F%%%%>@?+'\K=%??'_!5#_@D
M;=_LZ>+-7\?>$]9TAO!>NWSSII=SYD=WILLC%VBCVHR/$"3MR5*CC!QD_%?_
M``JS4O\`GM9?]]O_`/$U^/8K#SP]5TJFZ/[\R;/<)F>#AC<+*\9+JFFNZU[;
M=NQS=%=)_P`*LU+_`)[67_?;_P#Q-'_"K-2_Y[67_?;_`/Q-87/4]K'N?5'_
M``2/_P""FUU^Q;\04\*>*KN:?X8>(KD?:`Q+?V#<,<?:HQVC)QYBCM\PY!!_
M<_2-6M==TJVOK&Y@O+*\B6:"XAD$D4R,,JZL."I!!!'!K^8C_A5FI?\`/:R_
M[[;_`.)KZV_8!_X*6?$O]ARQA\/Z@+/QG\/XC\NE7-TZ7&F`G)-K*4.T=3Y;
M`KSQMZU]/DF?+#KV&(^#H^W_``#\4\2O#99K)YGE5E6^U'93\T]E+O?1KJFM
M?JC_`(+&_P#!)(?%JUU'XL?#'357Q9;HUQK^C6T>/[<0#)N(E'_+R!U`_P!8
M!_>'S?'O_!"G*?\`!27PNK!@RZ9J:L",%2+=@00>A![5^TG[-/[16D?M0_"^
MT\5:+9ZE8VER=GDWJHLJM@$CY&8$<]<_@*Y*#_@G_P##O1OVM=/^,^C:=)H7
MB^WAN(;U;$K'::KYT91I)8L8\P9SO7!./FS7M8C)8U,33QN%>G,FU\UJOU1^
M=Y5XBU\-DV*X>S=.3]G.$);M-Q:49=UV:O;;:UO;:***^G/QX*^'_B=^SS\?
M_P!DS]L_XD?%_P"!FB^"OBEX:^+RZ?/XG\'ZYJS:-J5E?65O]F2>RO-DD;(\
M*J#%*!AN0:^X*_*W]L']KO4_^#?;]I#XA^/M=TM?B#\&?V@_$2Z_%I]E>M#K
MWAO63;I'<A%D3R);641JP'F(R-Q@C)-(#VGPQ^W!X"^.W[5WPK\*?'_X'^-O
M@S\7=*U"YO/A_-XF$=SIEW?-;F.>.QU&UD:"65HF8>6X4L.BYP*\N_8`_97\
M5_M*_&']J!]3^)OCSP5\/]'^-7B*/3=*\':G_9-UJ5Z_D&>YN[E5,K(@\M8X
ME*J"&9@Q(QQG[.7[?<G_``<3_M'?#V#P;X>3P!\+_@-XJL_'6MS:U.)M>UF]
MMU<6EM;)"IBAAWR$R.92Q``"U]>?\$J/#=SX<?\`:/:Y>%CJ7QO\27T?EL3A
M'^SX!R!AN#P,CWIM@>3_`+//Q7^.OA?X'?M9?"S1?'%EXR\?_!+7AI7@SQ=X
MVN(HF6SO+&WNXI-1E"!)&M4FD)=E_>>6H;J:^?\`]K/]IWP)^R'\`)O''PQ_
M;-^(WQ2^,?@2YL[J[T\^(_\`A(-'\3.9XENK:ZM(8FM[:!XVD*LI3ROE(8X&
M>I_:N_9T\0?%/P3_`,%`(M-N='9/^$V\-^)9M/OIYH[36;'3M.T^XN=/N6C0
MLJ3QP/&<!@=PSP3CQOXG_P#!6+2O^"P/[$'Q+^#'[/WP\LOA99:+X-_X2+Q'
M+K@AM[>*PMI%D-E8Q6B.&:1XPAD<($0L0C$@!@?9'[2GB+XT_'G_`(*IM\%_
M`OQ+U7X=>"=4^%]IXDUW4;&.*>^TQ5U&:(BP612B7%P62-IF#>7'$2J[B#7F
MOQY_:9T+PU^V4WP"^(W[4FM_"3X;?!CPSI<E[J=[XG@T[Q7\1]4NT>16FO2@
M86\,*H9/*"F228<@#CU/]CKQ\_[1/_!371/BO!9+I6G>,_V>=*N8["2<RSVK
M2:O*^PL%"L`.-W&?05PO_!2OXW6/_!(3]KS4_P!H?Q%X?LO'?PR^--IIOAO7
MM%CCC.KZ5JUDLBVUY:^:OE/"\$A21&="&C1@6Y%*X'%>#/VVM!A\3_'3X(>%
M?CVG[0?PZ\1_"'7O%/A_4[G58=6UCPO<VT#Q76GW%U&`9H72:.6)I?G7:ZY(
MYKM/V%OV!OB)\:O^"8WPY\3:S\??BSX5\;:AX%T^;PY;>%=733M$\-1)9I]C
MB^RA&6Y.T1F9YBQD)8#:,5E?LR_M2Z[_`,%2?@C\>OC#X7L],\!?!JQ\!:WX
M1T'PL;:'^T]0U(V\C3ZC?2QQXC55VQQQ12.,%F;G`K[/_P""=FCRZ)_P3C^#
M-A,T;3VG@+2H'*$E"RV,:D@D`XR/2@#Y%\&_MT?%S]M+]F#]D;P+X>\2Q^"?
MB'^T'I%[JGB_Q9I]JAN-(TS2T5;Z:SC<&-+FYE:)$8@B/S&8#Y1CL?VJ_`GC
M?_@E9H?AKXQ^$OBQ\3O'/@K2=;TS1_'?A?QKK']M0WVG7EU%:-?6LKJ)+>ZA
MDEC?Y3Y;J&!4`5XG\(/@]XH^`_\`P2I_9@_:#\+W.BS>*_V;=&U6ZU/3+N66
M.T\1Z)=R2)?V:RJC-'-B.*2)BA421@-@$FJO@/\`X*;6'_!Q9XST/X+^`?#^
MI>!/`FC7NE^+_']YK\R-?ZE96MREQ%IUE'!O0^9<11>9+*Z[44X5B>`#T;Q?
M^U!??L8_%3_@HU\1]*LK;4=<\/ZAX472+6X?9#<7]QH=G;6JN?[IFFCR.XS7
MJ\7_``3L^+?ACX*CQ-#^TA\6-3^.-M:-J<UQ>:A%)X6O[[R]S63:7Y8A2Q9L
MQ@)B15(8/N%<5K/['$W[77Q6_P""@7P_FU6+1W^(5WX:33-013(VG74.B6S0
M3.N!]R>*-L`G('8UXYX$_P"#A?Q!\;O%<'[-.F^"H=-_:/U"ZF\&SZ_->[O"
M=M?Q1E9M0C*K]I=.&D2$PJ2V%+@9:@#E_@_^V==?`K_@DO\`L6_#6/XF:1\$
M8_B[:Z@->\<7DT<;^'M+L7DEN5M&E!C%U-)+##$S`[=[-@D9'>V?[</PW_9A
M_:0^$EU\'_VL[_XV:)XS\367@_Q5X)U[Q=#XBN7BO"8HM4LWP)8989O+,B*?
M+='/"D"LCPY\"]<_9W_X)-?LQ_&[3#X?U_7?V7K/5+C5]-U(,EKXFT:YDFM]
M0MT;RW\N<A(98B5*AXP"0#FM?]C?_@K#:_\`!8;]I[P?X1^!OA9?A1X?\$SV
MWBSQQJ>L6=HVIZI9+GR],LTB61%664KYLS.C*B_(,DTP.U_9"\.?'/\`;@_:
M1^.T&O?&[QEX1^&'PI^+^J:=I-GX?:"+4]:,3PR"TGN7C8Q6$*;4$**&D,LA
M9^%K]'-7TZ/6-*NK.<L(;J%X9-IP=K*0<'MP:^1O^"2_A>Y\,^)?VHFN6@;^
MT_C=KU[$(F)VHZ6^`V0,-QT&1[U]0_%CX<V7Q@^%OB7PEJ3S1Z?XHTNYTFZ:
M)MLBQ3Q-$Y4]F"N<'UJ6P/A#]F_PE^U1_P`$K?A-I_PPTOX4^&OV@_A7X0>:
M+P_JOA_Q%%HOB2*P>9Y(XKBTNE$,TJ!]NZ.5=P`[];VD?\%(_@SX:\!_M)?'
M'2/A_P"(O!/QV\">%H;CQMX6\464FG:W.EK%(-.\Q`[1RVY=RBSPDC!//2OF
M*W_X+P3?\$-M.TO]FKXZ^$[[XAZS\.K".PT;Q/X3NUQJVFQC9;-=0W(C,5P(
MPJOL>121D&O6?V4_@EJ'_!;'PU\8?C]XM_LKP=X7^-7P[D^&/A/1+!WN[W3+
M!9WN#?7TK(BM<_:&0K''E%5,;B33"YPGAG]H3X>^(OV?H_%6M?\`!1@6'[0.
MH6JZR9+?QA:1^%=,U`KY@T\:5M,;6*,?*8-F1E!;<"<5VA_;;^-?[=WB[]C_
M`/X5KXP7X:-\=/A_X@N_$\L,*7EOI,EJ]DL]Y;PR`B2='6:.#?\`*OVG<P;;
MBO(HO^"]UI\!H%_9UU_X2:!K/[2'AVZA\#)KEN(1X4O]2V"*&_D=H_M*1GY9
M'C$#'=N4'&#7UQH/P1\6?#+_`(*#_LB6/BWQ+;>+?$/ACX<>*;/7-7%NMK_:
M5[(-/:26.*-%18]X?`PI"[>"<TP+21^-O^">_P"W+\"]!UOXI>/_`(A_##XK
M:9J'@NZG\67L=W/:^(T9KZRN"Z1H%,\0N+<*`!^[C&,\U'^TW\?_`!YXZ_:V
M^-5GX-\4ZOH7@W]GGX1ZC=:HMBZ"._\`$NHVLD]HKD@Y:TM8%F`'W6N%)!R*
M]E_X*F_`N;XZ_L3>+4TZZAT_Q/X+$/C/PY?RE@MCJ>ER"\@<E06"L8FC;`SL
ME8=Z\/\`V0_AUJ6L?\$?_BIX]UN2PE\<_'W1/$7CK7)8&<V\,U]:2K;VR,RA
MC%!;);Q#(_@)`YI7"YR?ACX_?%3]K+PK^RM\$-"^(&O>$=4\>_"ZV^(7Q$\:
MV(B.N26$<5M"(+21U*13W-U*=\P4E%0[1DU[CX,_9.^*_P"RQ^T_X/U?P3\3
M/&7C[X3:Q%<V?C?0O'6NG4KC2BL):VU#3IF3S-YE4))"6VLK[A@BOF+QSI&N
M?L-_L;_LT?M::'_9VIR?![X6V?AGQMH4L[PGQ!H5Q;VSD6L@1@MS!<HLB;P%
M<,X8KQ74?L)?\%/]7_X+4?M4Z1??#?\`MSX;_"?X/%K_`,56>H7*#5/&%W=6
MS):VACB#Q+9Q;FE<F3>SI&`H`)H`\F^"O[<WPO\`VT=`\0?$;XP_MJW_`,)]
M5\2:A>1^%_!?ACQK!H*>#=.BG>.U:XCV%KB\D5!*YFRH$@4*,5LW/_!1CXG_
M`!9_X)MW-QH_C[5/$$?@/XKQ^!?''Q.\":8E_?W/A9")3KEI#$CJDSPR0)(T
M:/Y;>8P7ICA/$?\`P4\\&_\`!`35=8_9T^*'PZ7XC6_AG[3K'@C6=#BMO-FT
M>ZN'EM[2_%PJF.>$R&/?&90R*IP#D5]">(O'GQ__`&?/^">6C_M$7/BSPQ<W
MVE^(9/B)XB\'6$(M=)N/"]Q"531+><6_F>=!$T4BS.@+RJP8A"*8&Q^R%KNF
M^)_VE_!6M?L\_M1W/QB\!W"W%IX^\)>+/%ZZQ?6T`@;R+ZS21!<P3I.$61&V
MHRN>`0!7Z!3?ZA_]T_RK\<?V>_V[/A]_P7`_;^^$-]\(OAQ'\-/$'PDU2'QI
MXC\6:M'#!K%_IWDR1OI4'V7?YT<[.!(9Y%557*J2:_8Z8Y@<_P"R:E@?C/\`
M"CXK?$SX7_\`!$3]FB+X4>+7\&^+/%?QMD\.K?F-98&AN=?U972:-@1)%P&*
M<;M@&<$U]$?MM_!SQY_P3G^'_@KXP^%/CK\7O%>K:/XOT73/$VE>*M834-)\
M46>H:A#:7"FV\M4MG7SPT9AVA`N,'K7B?PL^%FI6G_!*;]D33&ELC<:5^T#!
MJ$Q$C[&C_M[57PIVY+8<<$`9SS7V3_P6P\,7/B_]AHV5J\*3?\)IX6FS*Q5=
ML>N6;MT!.<*<<=?2FWJ!R>KW7C?_`(*(?M\?%#P-:?$?Q;\.?A%\"&T[2[VV
M\)7BZ?JWBK6KJV%W(9KL*TD5K!$\:"./:7=F);"@5ZA^R/\``7XO_LT?'WQC
MX=UKQSJWQ*^"NHZ?;ZCX9U+Q+J"W7B+0M0\QDN-/DD"*;BV*;)$D<ED.Y.>M
M?-/[=G[2[?\`!#K]K'Q3\;M1TT^+?A-^T)<:?;ZSI%A*(M9T;7K2W^SK=0!P
M(9;>:W6,2*TB,KQ@C()%=[_P3%_;!\9?\%&=3\<?M(V^H7?A_P"%#:4WAKP?
MX'FN/-<3VTCRW.IWVU0BSR-LC18V<+$IRQ)H8'W717X1W/\`P<O?M2Q7$B+\
0-_@&0C$#-YJV<9HI6`__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>71
<FILENAME>g147201kui001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201kui001.gif
M1TE&.#EAR`!H`/<```(!`P8&"0<("P@%!P@'"0D*#0D(!0L-$@<*$@X1%0X3
M&1`-#A(.$102%!D5%AP:&Q86&1,0#1T>(B$='B(?(24B(RDE)BHF*2TJ*R0E
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M?(-\>)QD<K=)2KA&6*M)5;=)9;I7=;11;JQ:9L$N.<(R/<$P-,`L+<(S1,,U
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M^OSY]OW]_?#T^>[Q\+_`PB'Y!```````+`````#(`&@```C^`/D)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+!O?AX[>/7[^.'$'N^R@2Y$21`O7M6ZDO9,>6
M`DU:E(FQILV;.'/JW,FSIT5E9"A10B2TDE%+EC9AVI1)D]-0HTY)XU8/XK53
ML*(Y>^8LVC-HT*I!DV:-;+5JU[AQ8[>Q(KZW-'W*[=D1!X"[>//JU1N@0`,,
M*TA59;@"@`$#`A`3&&"`P&$!!0X78+"@P8,*'6(H@PE1F@<,%A#-'3W7;@/(
M!0($$`!Y=8'7K%D;<$W`,`IH'',?+%P@M@`"`0@0$'`W./````8`O\O`PR:4
M"CN2`5``0(5KNDEKOVF#^N/@JF/^&X"-.G&!"'Z)4_BTL`4`]'['_W8<X''C
MQXX+))A=`(6S[`>U5(X%`C20``"5;*?@37:]!H!PPO7UV&N(]19;;^,98!@9
M"KGW6@.]19#8<?,A!Z%PB$%&G`/L,43)`+T=```'["QHHT5VS28<`/7QJ)P`
M]2&68F(I5@A``Z$DY.%XM8VWP&Q"'B;D:Q3*%@$`#IP"8$'K7-!7`0<<0``F
M6]YHYD(R``!D<E`N!F%C>$D(9&(')/#:`-<AI()AO_&8V%YX058A:_6A!@`&
MV"6$"0`+H-8``"5P=N:D"L5@&(2%LJ@,++`H8PHF99!PI8JJG4<D`#8@A`)U
M.\(Y`1G^D9111@TPD/"`ABHFMAJ(?@$@0T)='MG;:PL`(`JER"9DJ7S`U49!
M6P6E`PH)?`I):&T/5,./I/R<<.D``P0'@`D%W7./.-->265D0C9@``7M((0(
M``R,^-J5+"2;VTH,<9M0/>V8HPXWY*RS3CO^(L2"FKXU-D&-`'94SR5V@LA:
ML[61:9"W!>SHV+@"D430/<N(`".8*E((P"@'.>-`<!4.:\`"I)2I8%P1W?-.
M-[T,LPHKDDCBB2>R%$---_%`R]#""\#7V@1*'V1#``XD]N>.+AQ4`G6J`5?=
M"0GEP\\U&P"@P`'EL08`#@=9*N8!ZT(&0-8VZUM0/N-\(\S^+JL(TH8A/_Q0
M!1J"T")+-_7@W-#"(,I7W0/^)-31@*M=;!P`'="T3PY'SK<C"@IM9$H""32`
MMH5?BTW0.Q=0)X"8Y54'031V(T3/.,88\THB:O@`!!!!$&&((,0,(PXZ_%[T
M`@!PIYA:!5$?=`/#Q\T&P`:J$[0UW,-%!@#8"K6T,)6LW8E!.06=0D#'$*8\
MGJ^4MJ222/1LT\HB?H`Q1A)!`&_$&8'0!3.8<0YXV,,>*TE>12Q%GJ=%CR`=
M&85C@-2Q'H&`)OKP%MH@@P`&`*`%#0E%`,*$FC`!0`+8*,@,`H``"J:F+Y`Y
M0``>8`TS@00F[-"&+/RP!C0DH0?^0"!"$,^PAUGX@AG@2(<2TQ$.=!A0@169
M`77(AQRH,41]J('`;XBS`0QR[#4(6-\')9<;:,!M6!P,``6X01!G/*`OI4+`
M:TKEH!MLRTSS&`<R6-&&-/R0"$Q8`A.8`(="&!&)X$AD$M.!#B?&`QX)5![S
M7G-&ZSRP(+`8UAS5=+WLQ81C!U#`V62$`L41!!L*:(UK4K.!=1"$@<1!#96"
MXZ`-L%%!^JA?,0XA!A\4`0I3>(,;E``%*OS!%KX(!C.\<0QO.-,;B4P'/)R(
MP'R\Y(X3<<%[R`>D9T6''ZCXTAP1`[*"[.,$`;!3G43YO89@`P+I1$T+`4`"
M>N1&&O#^[-BP_#0L!!C`@Y202_+RN,LUJ`$+5W`"%`2YA"5\X0]&]`4P@@$,
M8`ACF=X(!S@T>HY&&A"!^[@'3?)!CW6H11S=0,=&;CB0A2D@`;(,`/08,KTS
M_L9![)%)/]")@)XFX*4``-T5^R+'T\DH$@3A3<=D5`$;="QF!$`;""Z)DWF0
MPQ5L\,$3L%`%*@1S"DH@0AZ.Z8NR[F(8PPA&,(3AC64F\AP=A4<\YN%)?KAC
M&ZYPA2,\P0I9]$(<YC!@0I9GI]<YJ`*14X@Z-$"=,"'@`.ZRP"T+XJV7VHET
M[<1F1O@QG0VVICJFR,T_&-"7]7D0!O700%_."*86XL:4%Z'^!S(<L88PA($+
M7NA"%YS`!"4HX0UYF(0M:F&+7>#B%[]8JS#8JLAP=%0><[T=.9"1#$<L@@U8
M.$,;)I$+9J1#I#%)2&%(QQH2(G8A.G#=&3%;@X/L8VL*Z&E/%1#4;W*C=9ZM
M4P`FH([<+`],!A+``I;!CYIJL@&/LN-.^H&,18@A#%?0@A>0\(4G!%,)2\@#
M(6PQW%K4`A>^R(4OA*'6`4(S'/)(<=YFNP@U9$$(0?@"\;QKKH[`=B#+"Q,E
MT4:!Q!JD'^!\K";E2+5G($2#KTF`"87J7H'818YR?!T$`!"#W%3CC?HIW0!.
MT!%G0`!,!9!OF">00B!?)'G98$7^%A(J!RI0@0Y?#:L;^#`(5<PB%[40\2YV
MX8MA`(,9;/W&-\)QC&/<XA5]2`,6BM"#'YP!$+8@X$?O8<T##L24_XV;)1."
MBA#HATI*EE&"CFPV!(CRL?55R`[DJ$G(`D`$;.Q(>L/,:@(DJ2.$#7.8PQ2`
M3N!$'\5XL""A0(>%3D$.4X`"$=[PAT$,(A"JZ/">^8S<9GX#&;Q81!_0\(4B
M]$^LA)B%,,#A1'0PTESHOD=#"J/CJ!YHIOL2B#IT$%_'/M:$+8B7O\Y9Z@0@
M8(2I-K-'/)(-'+1P@TD60`1"VQ%N9&"*:N.`OOEQ"C"_[@"H-L$[;/*-5Z2A
M"%1XPQ+^H!`'AM*!"7&@`R$(,8A9J$*XM3#N+JI]C%_0P@][X$(1K*"$)BP;
M#T:$YD:="U='VL.:T%$8\S9HP@PHK1_92`7G6!AF`3R6."4PAT),D$Y1^EM&
M^3((-C3Q@<J!V4[4N81'.E*)*;)0U-BLQP16ZUBX+0`6&-&',=:`A2,L`<-3
MF,(0%"I()N#A#XAW=B`",8L\SQP7N'C$'M#@`R(`<@E$@,(="*$+B[)5Z!N-
M*SSN0=<;M_1(=B(?!'!P@QO(X`4G"`$"`-!3UZC&.C28K'MS$("SD4[)'\P&
M-++QCW]D0@8:^'>H/TV=#;`L-]Q@K"8!8('^$F1\8((;JF?^4)&.D&,164`"
MLH_PYBYX00YS@$(QQXIX0@3B$8RW!>1I`8A%&^$)3^C"&YA@A2GD81:ZL`NZ
M(%'*Y$RAYU'V``_6E##Z$`_K4`[M(#:K@C*5,QR`L@"I%%,-4`G6%SJ\]U*G
MIF/-TQ?%H6,J8P`E8`I1DR9G)"8`P`FZT1'7(`&KU5,H`P!:0A'D<`AA0&Q.
MX`15<`1>4`=W4`=R8`13P`>(]P<L!PF,APOTAP988'F_1050L%M0P`>S8`NZ
MT(6=MU;/M%'H4$#Q<$#V4!#U8`ZR$`O$X%?B(`\=L2H60SZU81A/%1M1!B:9
M53<"@0\?L'1A$HBIT1NA1CH=@Q?^!,`!GP`Q!&$-%>`Z#B("D0-%+`@W_O8Z
M094P#/$.K,`%45!,4^`$4=`$44`%71!X_O<'>*"$B,=X@:`'W>8$%@8%3*!^
M0_`$#\5A>>:%R02&)]9$\1`/UI0/\R`/QD`,AW`(9D`\O4`.GK0J<%->IX,!
M#U`=`Z`F0](;L_<`*<00^\`!DV1U&(<`"2`!Q+$7!7`!'B`#H<"(,=$2=@$[
MDP$`FI`2(2$0F91]CO4:#(`;$M$*6""*ZA=XZ"<'<M`%43`%=#!6AX=XCP`(
M?/`%0S`$ZD=L4#"10U`$==!RM:`*'L9GG6=1S>0-@S97XS`.A+8*?I`&?M0&
MJ]`+\K#^<?'&#R;`,(/8,12`#=1@"I\P"C=`B%4GC@"@=@SA#R```$IV;S*T
M`M5`"IE`"3:``Y5`"9T0#=<@DPBQ#XP5C:GA`+I7$*O"`'4"-ZXV`Z97$/+`
M!DX03&]@D%$0!7-`!P?YEDV0!X#0!X``"`]9!SY'3.JW!&NI;$Z0!Y``"8/`
M85QH5B3&7.$0#GG#"[30!W=P!$(@!$G`","@1$\47@/Q1;$A(Q80-4AF=0<G
M4S6T$/ZPE7724S)"`Q:A/AB'-H]"+HK26'62?3.$'6?9$;R`!6_PFW(9!4\@
M!U#0!&[P@U%P!'B0EXSP"'W@!>H7!6X0!;5(G%/0!$?`!X3^``B#(%P=E@N[
M(`R_8&W?4'.TL`=G<`0\P`-5L`>T<`SR8&Z,!%(`,H&^P530TA&F$%6C-(ZM
MR1#X@`$C9&JB)"._PB\F`44(H4W:)T<`D`EUPPX>0'OB&)L`$%`-(3^'H)#!
M1`?)^01NX`90()Q0@'_,"0EH4`1<X`1'L%O(EFQ1\'<:UHK=Z6$QYPOC:9XX
M!P9-H`1'P`1V60O-!`X=570'9$WW^%Y+5W6]D0'^0@-F4V\8EQH0\!^AHUKR
M-5\!\"L2`63.P`"MA6H?T($($0JN<V_D:!UDNA#?@`5R0`=O``5R\`1.(`=1
M(`=V\);)&05]``E]4`=%(`5R\(/^3?`$PBFHRC96@0`(L]"=P]6%R/4+N_`(
M/E0$3]`$A7H'@2"2&.5<8SAZ]@!>NK$UFN0@&2`3,OAEK#6(`,`"5,4/`9I.
M/65U]*5@$V$78DE)`1`#V(`-ZO"K[*`.[!"LZO`.V6`!Y.A8HQ0`]>@0K8`$
M4_")"N4$6S`'43!XQ"F+3J`'=[`%4O`$4B"G42`%<^`%4T!^2G`'-.ILC"!_
MR$4+?X`&76`$1@`%3I"ICX!<$X51B=1$C012-B80^3"AA54^`.!T!Q&/JVI"
M&(H0ZZ!::,.:"A``MOH0^MF@]L8`$``!#]"Q#R`!$M"Q#@"R@?A8Y!A?!;`!
M:YH0KP#^HB(*!4=`KG9JJ/<JBTTP84/0<R-JIR-Z!/DW!'(`"'\`"(LG"*H0
M;;:@BM[FL^KG!C$&:65%@,J$1(P45R(%1?G0`4L'4PYB`3(!$]B0`19W;UWY
M6@>A#B$PH*$42@!0L0[Q$5]T-A:B&K>''#S"(Y7#0E`&-Z,$`+[6$*V@!5$0
MITM@!'3YEG;@!%(0!78PHG3ZB7EZIXNK!510!W6ZG4LH"(Q`?WK0!,$SHDY@
M!TV0!'<P"[CP87VVK^#@743:4<BCH/GPAX$80P!P`0EA"4@)1BT(`-R'$.I@
MCE\77Q,K&A#1$:0P'N2C:Y2D3E`6([F:O&%2.GM(1L;`!5?^&*=VD+A-L`5/
M4*+%&:X5*9SXAYU/4*Y;D%M?H(1\X`>/\`B0P`=@8`0ZJU!-,`1&H(6TL`IY
M5E85-4!(Y*GH(*H%\0XBP#P7IX<7H#CK4,`B.(ZK@7>2TA&_*P#^)E^U*A'[
MP&Y"=B&O,1PI,XCR%$.L.4L0\)4(,0YJL`3)U@36.JYTV00*A6&^I012<(M1
M\(,MBG](<`1T\`=ZH`>$``EZT`7@.HJ^%:='L`5ZT+ZJ0`NV(&(5]6<#)(;H
M@*0'@0\3NH_Z07TX$T%@M&-Z6`+Q0A!`A@T/8&H63%\!=98#<0I@:H*^L45`
M<AQ+126F,\(;C#8Y%3[Z\`H*Y;W^TJFG]=L$B0L%Q"2*<V"G@.D$78`$5.`%
M3J!R@$`(?%`'1N"SGVC(<NJS?/`(LZ`(M(`+3TR`4JQ(]J")`O$.6=Q"^^2U
M"?$.[$9"PR(CEG"V;S1?\W6A$C&!.C8G"X`Z!1`N=(NW=7BWRHN;(O"J*L$/
MXX`&<<`$PZFGAOJ66[`%Q$F1(UH'HS@$HV@$6J`%"#D%=YD'HDNH%)FSQ8D$
M7M`'B\<(JZ"+_*NZX1`/FPB.839*U8$!`G<0RG`:@<AT`9`!)JP.;S2.0CEJ
M#=$1T0"FV9<`,Y0)RG`*$ET*HU`*I!`*J"`*G-`)GR`*J<`)32&[479Q`L`R
M-Z8/K+#^!=+JN,)YIW/0O5'@6].9IPKUK2VJ!5N@6WQ`!SVJ!)^(J0IE!/>J
M!7P`")#`"/%77%$[#,PPSP[Q#N#8H`Z*`3=F8'E81P#"#1#`FG7R4T,Y<`ZQ
M/&))EO`S$:/`,*_#F@"@`JA,$.&@"$@`E\G6!2\MOJ.H4(Q[K:2(;$^`!'.P
M!4@@!0KI!IAZP^J'UW*P!4:`!MNY>-#F8;DP#+O0#.!`SQG*#_5@SV"6IAC0
MUOR0#U^DQ0'0`(DR$-@@(K'I;P=2RZ;7$9Q@-F,M0Q.@+0&K#S`1L";Q$;!J
M`2.D(DJ9)`TQ#GY0!'+I!7"Y!4Z@S88ZG7,P!]D;NELP!5+^X`1>@+Y:0)''
M:<C@*P7@?+Y]L)V,,`FST'BYL`J^(`[P(!'M4#9DF62'TA"ED"NOLSXR8D<F
M80T./8XO)2.;\!!8W'O^B2`4T1%IHFL2"RD/<0P'50?%9MR+&ZZ&VMS"V<(Y
MW07?6JVZ%:[&:<B1.Z=/P`5W8-2`P`CC_<3@&0YL7!#L(*#_7"<`<$'>N">]
M/!PRPHVZ40TB(E]?!P#][8W\\`EF$[UH@T(640QH4[*SJR6FIP_CH`@^T`2_
M.0=&:)#.;:A/<(MR4`?1G5OB.Y=;L.%*T,+6*N5?T*<C#FT>F0OBD.)<8@%(
M:8DFQ`']P@_2\`"OXQMZV+L"<0W^J12]+70@S=H0\)7:`>":%M$/[.9O9Q<`
M^>+9N4$.K.!'P_D&<*G-=GK);SG=B3T'4E"M=XK3HWC#34#7Z"><75`$=ID(
MCT#BJD`,*%X1ZO"(^J'?`<`!;-QV<!,<Y7,:Q](2UW`:I*.L#^H06DV:/E4`
MRJ!9$W$*+;[?!P`!1I;BR<`&17`$);H%=-"]=5`'>4K844`'*LW-?]W2BWN<
M3V`'""F^3F`$==`'J^[)JP`.US01ZC!WP5XGYB@"/LX/6IU]I8HY@U$-]3*.
MCT5?&L,0;;?5/A4`&/"J#L%O+<ZV7`H1X[`&/H`$""D'F&H''NH&V?N6((J=
MB<T%U5S^OE(^S=-MJ'-J!)JZN:K0"VQ^$&8\11XL(Q\`$?]5/I$A-[7,#]2`
M-JI=)U/6(@M1#A=0`!`07YAEWQCQVJ$F2F>#`#8>$?2`55G@B7'PEJ&K?AK?
M!.&J4.C'O?2*?YENKV[PTEMP!#[=R:$L#QBQ#B;P`!J0`1*0`1E@`1"P`IW!
M`0R0``SP]Y"%-A:`'=)P&A8G`%-V+#<V'8@QS!5@I1C!#N"('"PTS(9NL0-A
M#.!G!-/=!"-ZN-,LIUU0K71Z?]ZJW7:@S;*HR4O\ZACA#^[0#NXP^P:C#F/\
M$.P@#6`!#='`^]$0#<K07_AP"J8@T?^`"J5P"J7@C@E1"DO^80E&813^:!.F
MT`(M<`+8GP,Y<`(E$`/,#Q'Y@%73;:^?:*?-;:@IO[BC7[YV`*Y+D-CC&M<+
M!05N<`>]P(>UD_^AXP_\[P_]`/L`\0[?/GX%#1Y$F+`@.4=BD@2)HN5)%RA;
MDCR)8B1*E"UVI-B)TN3)'"\<N6S9HF7+$RU=CJ3)=<\@084U;=[$J7!?/YL\
M^=',J=!G4*)%C2K4=^R5F"M%GKR!$E5)%"A1[#QQ,_7)D2==4:*<TU6B'"H]
MBN#)!4[F4;9MW;Z%&_<H07WCDB7*,D:CDZI=*&YQHN3(EBY1N#C9(B7*$2D8
MI6R9LQ&.E2%G:H6S)U?S9LZ=.0/^U8?LU9XK0:!\H0)%SLHG<C@6AJ*5M9,F
M5!5'B7S$R!E!O<#E\QQ<^'#B">G=6B0&C`^G5"+[51P5RAO7&Z-(D0)ER)`H
M73D628(FC9]5P=#MTX<P_<'UQ=V_AU^PKBQ%:BY2_0*&Y1,E4Z,X"8DJUY[@
MHC&,(//""RR0.(,*-1CY99MPZ`$.I_;B(^Y"##F+)YQ>6$D#B>V&V&*C[)QP
MPH["IDAP#LCDH*B.*JC(SPOLGD@B##'86",11UQ!YIMQXEE/PX*&VO"M?8#:
M)Y]PY%D'G7J2/&J]G0X*9QM:``&#"RZ::`)`*.BH0XZ)NO/B"2K,I*(+,+[P
M`C#<GK#^PR,OK\`B"S#4\(,17'K1!IQSXKEG27[6TDD?H!*ZT,B:'%4TJ'ON
M@0><7EI9Y!!9M&&'2L_HV2891]@`XPHAE"`B#JKB@(()*)9P8D"2_'J"KR>:
MD,(-Z[KPHHLOFB"""2:<.***,_`09)))B&E&G'/0D2>>?-#[K*U]XI%'GFZ\
MZ247904YHXKQ7M%&'D<]5=(@?>BQ:Y$^U.C"""*&Z$]8Z:+P8HHNYH"B"2BD
M`-,-*$9"@@HIDHC"U2F.(*(*(HC@(>(?JOCB#(O1$"0011AIY19DD#GF&Y''
M>5*>>4X^.1^5]4%Y'GI0IB?F<68F^1MCC.F%EU9:6845/_#^L#C<(W@@X@?>
M6IE&'G2)(VA1?>3!V9$UTL#"A]*,B&J*(9Z(:@DE.HJBOX@>>T(*)[*+,PI=
M;X,-P":4&$(*)8*@.PDIM$#B33#`P`*--=9@8X\U%/%#$5844601POWHT8\V
M_-A##\GU\$*+!+>@E[8@FA"B\R2N2$,18KK);*:EJ5R7'&-$?3<++'H((@DC
MC`@LQ<"6@(**)Z:(8@H8SX2"52<LKQ6C+U*B@HJ"D2A"-RF00$*+(HK`XHLD
MIC^BB!E1&[B.*6IEF`@@'B:BB#:W:B+YN*4H0H@PU#BDE2#I06C1TT]/7;1%
M$B$UC"^%:$(0>#`$W1SA"$T0V!+^WN`U)52%"K5APD:FD+4I).][5=G(JZ;S
M!CI080IPX"`5.@A"%J&F"U,`$(I2,X2SX:@'GP-#'QJQB%ML8QSTNU\.U<6>
MA.3#939#QBT<L0@VN`X+6$@"%V8',+K-32H-M%=@A.6&";YA"G&`0VR"%P=7
M68$)7+07$[SH110]H0AT$P(2/H>&/9Q!#8-;13&TT8T*Z="..3F7>N8A#W*$
MXV/)X(4K7O&*1>P/<&P00Q:R$(8P7($+81C#%7PPR3%,<I)"F.3GKA#)*X0A
M"XE4SA[\D(A$+&*0LC#&'.5!(4=1BQ]YO&,L=U@E?>"#7>,@!SF0L0UD)`,9
MQ4B&*UK^(4AB%G.8M[A%,8#YL6^0`Y?S>&51["=+:G)&0TBJ9C;O.$WA(`D?
M-TD/-[4Y3G+:1)P_J5\YU;G.<Z[3G>^$9SSE.4]ZZK"=]<0GNN[I'@WM,Y_K
MQ(<I1C$*:)SS0NW@1KK8\0Z;P/*?Y8R&`QC@@`+$H(XWH80'ID24)1%D%#;(
MAPM>T#1^U&,&9#`*-@OBSX<61QD%L($U1```6!3D'>I`R#O:01`:/`"G;+F!
M".Q!!I0:I!T3\$!+\5F*`6B"'S0`0#'XT8D/7,`$T2BI)4!P@C+LPP438`<^
M:#"*@X0"!2B@1#OX80H6H+53-!`!/T@1"W[@`Q-C=0`+#J+^C&HH0Q3\8,<G
M*B$*X.SC&:2(AEKY<0U1D.*;):4)0^NZCVLPM!W02*A-J\$-DJI#L4K%"4].
M`0!*/`,#'?#'*1:`@E,\``/YV`0`7.",3UPC!AAXAPL64`IT6J,!*""%)911
M"@.@@`P.0`$_;""">FS`!/P@`P!>`-45'*0$%$#!"M9Q@@FXP`(QX(<E(L`"
M&Z#T$@7H@`5$4-D2_%49%S!%-3C`W5&<P@(66$$G]A$*#E3@`BXH!S\NP8$5
M;.*QH+U)*0"``@S0=!\R&(`R^$$)`&S"`Q90ZS[:$8,)O,`!IECI6@&@@G7D
M@QWI[10.`'`-,I"`'=A=QP-$H`_^:42@!0?I0`>PL8Y+#(`2_,!$`9PA@@98
MHQW4>,<#/E".4PP`P`ZX`3]$`0#A`J`#HR!%!2@0C6ML@AH6X,`S/@$`'&`C
M`C=0QRC6@6!S\H.IG!@S>%U@@&OP(Q0`L`$%GKL>&`2@`1.0AGQ*2@8...`"
MF2"`"@J""0"8@@PF>$<%7$`-`$09&PVH;M,XX(*?B&``+)"!"S8PBDQ$8`*C
MOL8`/E&0$SS`&1?X,2D`@(EG^#B\`."$06`!``Z4(08%^(`R,'"!&\""I2V=
M<JX]``!J6`(`H>"'"P@0BQ(TH,[U"*D%1O$`#V1VLOP810!(<($.?),,`:`&
M&4X0Z1?^<,/)_%`'<F="X(*@8`"Q:`<[UO%-:FR"`A08!0%6S0\2/.`9$["$
ME"OL#`"@E,+0_J8RR'R*3HA"JL]@P0($`&(VVZ04#EBU*1@P@W*(H,,%D,$^
M2.&`#5@B$MQ8@07V\0D"H*!"T;A!<$G+Z!AT8@+/C4$)CGH"?I@``)GH!`#T
MNM(-5-?.!CA!-:#!B76,PAE>C0`T*K`!;HP"`#&H!W[S<8E9,QRE31[!._3A
M#&H\8`7`4<<U],V/3%"9&YPX<,>-ZHPI[0,:-;U&)\HP"IH\`P<X<.\G"&(*
M2ZRYI)QX00ILT(YX5`(%*K`!->S,B7R4`1/\D,8).'`#%&3^XB`TV(1!?(X!
M$5R"'Y$XJP5L`&1N6Z`$"3VN"U30@$\XPP&I#Z\!2B"#R9.!`")0`0F<X8P5
M7,+DUZ"$`:JA=[CX$Q^?_4G>!5T0?#A^48]-CS[*P=>"U(,:IYA^0:I17\7N
M0QG*4$<UZH$/:'2J(,K`!";6G(]G7*(2REB2:"@#2J@I:A"%C:*^F=`'*^&A
M!"0*ATI`"&2:FFBG>S(4CG)`:;H^!,S`#H2+4J"`"P"S7$.GGZ"):>JH$`NG
M$C2=$%,7@L`$Q3.=<K`!CHLF]?#`^""(NKN!3W"`(DL(;CJV:.JG@_@`#N#`
MQ7H`&F!!%PR*=I+`'"P(1`,QJ!+^+$K`@1O`!TM0`1F@A+BSA$Y1!\)2!TJ0
M`4O`*74(!6C(A#!$"&ZPA$HX!9IPAISC@!)@!VYXK'>H!U/`AH)8AU`@!8-0
MAU-0AKQKAVLHG8N2PKBHNT^HA@H0@6AX``<@@T]0,1O`!`:(@6=8`&BCA`N@
MAA+P@$_```YX!V=;`1N`@!D(,7SHA!I0`0%PJE!H``N@`0-8`6>H@,]3!Q<@
MA0[XL5&H``O`@4_0AU#8``[P`!&`!G[(C&@`!6K@!'7(!,=KQ+B(+1N(!!@P
MAW*8`!RHJP9(@8*X`0*XAA5P@7I`.$ZHM'*(`0`8A4J0QZ?:@&\*)VQPAVS(
M@!R@!P[^F`!KR`<,6+<-V(!]R(0-D+@7B#0+@(9V,`5E<``1,(=KF(#D(HAK
MH`9R*(-IB(1GC,)L#$(!&X!0F!1^X`8*B#)V6(`7*(@Q@P51X``<L`!SB,>M
MXX`(*`5G"[0;^(`#PP<<T``-0(`2J(:1*P@1B*M-&(!3.`$R*`<\\SK@`S=>
MHP$9^$'[XP9J6(=8Z(18>$:1=(OT,#YC(PAN<(#9:X<"<$5^H,=H6(<&&(`H
MFP$`$(5UX(;IBZYGQ($2"+$I8X%8N(`1D`8#$$=^\`"_O`;7FH!JD(:&<\=!
M)(@[(X$;(#Y,6(_NTS=K6`?[$TNWJ`0".(5#62P#F#U]4('\"5B^#1`!AAJ!
M"`BT4#"`%V"'<HB%?8`J"9.!#@@Q>@P%?0"!#EB'#<"`-?NY@H`JO7J&AH,&
M`&#"??`'90B`MLP'>Z`_R;K!SX0+9:"$-2.(>B"#T02L&:"`"H@!QX,%:$N/
M4[@`!S"!5?N$VP,R)D0G:N@`"%BNZC*%6RR##8@!@G@&$7`&T+/$\%H`$[B!
M3E`N`B@!'%@!4OB$`>`M[>0G@[B&:V#$@RC$:OA.^ZN'3FF/-+,&;L@L90C/
M"UVI<B`(?'"&A-J'49@!'.B4=QB%%4"!57,&&IB^(:30!\R)1>'16>I1>G*H
4$\S.('0E*W$E)^0AT`C)X0@(`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>72
<FILENAME>g147201kui002.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201kui002.gif
M1TE&.#EAJ0(@`/<```(``0T*"PD$!Q$-#Q,/$142$QD4%AP7&1T9&R$='B(>
M("4B(RDE)BXI*RLG*#(M+C,O,3,P+S8R,SDU-CLW.#TZ.CY!/$$]/4,_0$)!
M/T5"0D9)0DE&1DM'2$I+1DU*2DY12E%.3E-/4%-13EI:3E524E=95EI555M7
M6%M85UY:6F)=76)?8&1A7F!C5V9B8FEE96MG:&MH9VYJ:G%M;7)O<'-P;G5R
M<GEV=7IW>'QX=WUZ>F]Q:+P7"K<7#KPG$;TU,X%]?<,,`<<6"<L;%<4;%M,=
M%-<8"LLJ"\LH"L8C',DH%LTT"LDU%=,J"=@E%],Q#]0U&,@E(L@S*LDV--0G
M)=4U*-<V.M(O,.0L'>4P(<T]1M<[0MA"&-E%.]A2+.%&-.5P.-YR,LI"1ME'
M2=I61]=66,Q/5-9<9]IE2=EI6,YC9M5F9]AJ<]UT>-MT:N981^-:6NA$3N)9
M8>-V5.=L3^=S8^1Z>?%M:X)_@.EXA8.`?X>(>=^"9>B(7^>*<.VC?86"@HF&
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M]/SU^OOZ]?[^_O?W^._O\"'Y!```````+`````"I`B````C^`/L)'$BPH,&#
M"!,J7(C0'\.'!1T:E"A0HL5^%S-BK+BQ(\6+'3%2)#@R(L23*%.J7,FRI<N7
M,&/*G$FSILV;.'/61`>C0X@0)4X(+5%BA5$5+U[,6'H#AXX]>P))'40H4"%"
MA@XA4C2)T:2NDRA9PI1)DZ9-G-)V`C6JK;*WS9X]BR8MVK1JV;*="X<.73IU
M[?#-PY</'TB=B!.W'%F2X\;#_BPZE.R1LL-]%2=G]D@R9&/&$QT_;*RXM.G3
MJ%.K7KT8U*)#A`85"A1D!XX<.7`TU;UT:8S?,5X@?6$"18D/(DR44`$TA(;G
M%RH\KS!A`@4)$JI+@)`=`O?M%;S^.W#PH,+V!@LB/&#@(,*$!@^J7[@`O8.(
M$R$^`#U10D2($S+`\,(*+\``0PPW)-A4#H'H$$0@@F!ER(1;(<*(5V)A8DF&
M&HZ5%B>@>`+*B*/T\I8RS:383#0L2D/-B]GPA8XZZ?RECCKX"#;/CO7XPX^/
MFAW&VI!$%FGDD0N1)MI`C(%&DI*/):3904*&)))"D77VI)160CFE24PV1"66
M2$;D8X[XM'/C7^B<DPTVU50SC37/I%AG,\JP!4HGG7SRR2:98%)))9=<,@DD
MB$JBB%:)(&+(;%<-$D0."=8P0PV6!O?;"RRPP"D+*ZB`@@HLE&"<J<I]X-,'
M'&!`WW/^&G2``:P:S/K<K/-I,!^NN3[70:R_=M#!!QYDD,$&&XP0P@8@$+O<
M""FD,-0**`AE%($M#+B"@"_(,(,,WM(@[@PX[*"#;CL$L<<@4P4BFVR'*+*5
M(O(R(N]6CW3EU5?\\KLA)914`G"'8V&BB<&<8(+)AWQZXK"((IJHC(G++,/,
MQ<Q`8V>*+'9<ES745$.-BW%F$V><V*QSSLHKKX/..C;>*//,.-*,SS\U__,/
MFCG^(P^:_O`L=-"&16;TT8]E*5*593;M]--'?L31E!]1':654&<M$&9+$XTF
MCCC33&,ZZZA<]CG8P!FG-2!3$\V++&K<S,455SQQ+R.&R(G^)YUX\N'?"0>J
ML(8=AA76AI,\\D@CC3#"...(-#(O(K`10LA5L[%;FX.ZT;!;4S?,0,,,,,@P
M;E(MK-"""B:8P+H)V:KP.@@>C$#[L1Y\``((R/*^@0866+"!!QL$'WP&NF^0
M`07&'JNKL;U^H(%T\V50P7S17:\]?:]&A\'WND87W77638"=^>974`$%ZE^G
M/G7J6\?^^NU/8![[%)B?OP3L8V`>=A0(H'4JT"KQP4]]V=,>='0E'0VPB@,<
M>$X$(;B!5VT`@AS8P`<V^"L-YB<_&R06"$7@GY]LD'@;S"`'0IB?%8;``RO4
M``5#^$`:IG"%*R1*?G)'PQVN,'?^)7CA3Y(3Q-:!T(8B"*%_E!@"$7C@)S#<
M8`N)]8'CF!!6&?P)!#O`PQ3"L(LV9!6K?D<K#8SP@C>4W@\AZ`$92E$#G-`:
MF0K"M25Q;228<=(=11.DJW6),DN2HR"+)+6C\2,?/\J'(A>IR!TY<C#L8,?,
M<,:F&\V(1GUA63@T&0Z34<-DV?CDBT8)M[FPZ$XJ2A$SE+$,52ICE;VH6RR7
M`8I>Q/(M)<J;+4<!L8<Y;$1^^QN?.-$)37#"F`D[IC$7IC#!#6YP"6/F,0<7
MBE!0\V"AT$0U,3&P8Z9E<)0(!26>>3"%4>(1E.A7.@OVE7-^17'M[!<Z,3$)
MQ"4.GMS^3*>_!O;.Q#$BG?E*)\`&!E!YOE.@_?)GOA[!B(`J3I\(_4I#$P>P
MA1K.G?JD:#W#`E%^*0Z?`VTG-\>23G.:,T.6>$0V!LG2EHX&3%H*TQ\[\Z5"
M9L1JGI$I'UW*TY[Z]*=`#:I0ATI4U$`)(D=]Z1R=Q+2K@02G,06-U/RHD:F%
M"3*<>:I3K[K3/FZUCSBMJM7$6AF=AM6J677,6;4:)*VF-4J3<2M9VZK3HMKU
MKGC-JU[WRM>^^O6O@`VL8`=+V,(:]K"(3:QB%\O8QCKVL9"-K&0G2]G*6O:R
MF,VL9C?+V<YZ]K-<"@UH1TO:TIKVL88YK6I7R]K6X@04EDC^2S0<4H]1<`)%
MZAA(/JQQC74<Y`4QZ`<^T"&1'`TD'>?`1T3JV`](Z$`E^^A34B4[7<)6U[78
M'6T%`A```!Q`$/UHQ@$&`(`"5$`:`KD%`A3``X-$PP"0Z$<>$``*X8J``LKH
MQS,DL``"K$`BZ@A!!2:Q$4,H8"2@6$$F%'*.]*0#(<U`A'(+$IB!9"(1X2@(
M/LXQ$./&9,(/4<<H8H*.#(_62T.Z;G97S)H.%*`1.!C``]H1C0-\`!(7`(`,
M!/*"`2@@`M@HR`T0L-(<&*"^^*#``>J+@@.\X`(W&`@H!A"`$$B$&@YH!D$$
M`8`H]T,=+Z#!2+*A@`FT@S2]^,#^,@RR""WWXP4ET$$%J$&02I1@(#-`Q-70
M48FF%@04'X`!#M#QD&C<V268,<0,0B*-($P"Q"M11S2:8>)^4&,4D!XN<44+
M4PU+`M(UB88SYB@F%IO:L1H@P#6L80`&T#@!..A'(`"@`8PX0`$2&`"!-2."
M"0@D"`<8,3X@$(#\CD?+=>SQ`A+`C(%4(!$=*80`GJO?`RP@&@+Y"Y8IT(Z$
M9"*_FN'$`C*,#AWDE@:#Z`@D0C"0%13"(-4P!$H0(8)^X&#126T&"E[BD$,L
M>B#4Z,`A3@#M@J#C!@Z9\)<&PAP5!$(@G-#`"C3`88R\X#YK+@@-JE&01<C[
M(.K00*7^;5*(0QM$&4%8"B8DTHG0!0+;!\''@@4B:H%DHQ"#X/A`HO'@A#1C
M$)C(K4"4<8@1"T3FB,COT3D!"4)7I!.0$#I!AFN0<)SL'$FMQL@'@@A,"`0=
MH(#YUWOA=)J#0NB0B&-!P@&-GF>[&5+O1SIF>Q"1?20:U1C)/_S286KX-K+3
M5;&*28V2#2P`>`I81#^@X8`*/*"[>E9&``9QC0!T@"+X:,".^[$#`M17'0\X
M0'X#$8`#7,`0RH6&`61@B`!LOA\H\+)`=-#E7Q_@UN<X1`$2\(`$5"#N'>]%
M1SH1@HTS:1DE,+I`(+%O@<A`S\WPQ"0Z(5PZ]^,<E:#^EZO^L8Q.C`01BZ;$
M"C9R#FD45S/.:+X_@(\217.$$>P.VD3H/(EW*ZD9O^\'9JH1@MQ"XM"]P&[[
MT!@?('8.H0,T0"7M<`)E1Q,.00@M@#66(`/-@`[1@&']<`,Z(`W<]P(/9Q#/
MT``3E@<JT`_94`&9D`F*MS41$&6DP0@BH`R)$`+*A0,T``TWL'DW<`C*$`(/
M%PX8``F9T`'@M@)!D`D:T(#AU7P`1P`%P``$0`!N-A#2`&+XP`@BIV$94%^5
M`$<TP`@"80@HT`DO`&W^L`(V,`D:,&*3<`(%@0DRP`DW)A"+$`)=J'V%\`*0
M<`+6-Q"&$`2(\`'H%0T54`B%P(#^0Z<!BA`)F-&&F(`"AQ!8@Y<DB8%BHZ$!
M"``!"!!KB\<`Y?$!B>`0-Q``._`(#(``U)=P"[!Y.!``PB8!!3!B_O"("3``
M7D<(`;`)UO``$J!S8<81.P``"=@/H&``#I`)S3``$)`)-9``%\!^`Y$(PO=U
M&M`,DZ!E"7<"9O9^3/@"\H8"%9`'&M`./6AI'3`##N</F;``02`"[[81BL``
M0<``'V<(*T`#,D`CBX8/.N`/RS!^RD`ZS^4)#Y<-*X`/O6`4-)`'_5`)*W`#
M^#`-878!^"80ZH`"@2!TFT!GT8`.,O=F#O`,_J`(AC"%#I$(#W`"@:!<F>"&
M7_8!&5;^"`]``V)'$"70A[/'B1AA2]4`&!^`(]87#<S@$.F@7/+7#Q7F#]DP
M$G]!$`^&""6X=A6P=9Q@<D@Y`5.X<Q0P@BRP>!(@=9B!"0Z0`F-R`P^G#A-`
M#?B@`;F%#Q*`;>^H#!407EXV`SEP?1=`:!]07P3!#!^@89,0`0+P`I,`?#*@
M<P*A#S=9$">86Y9`?>48#G-F:26(#AG9#SKP`I:6?QO!"70F";76#XA07T&P
M;\T@`1QV;P01#59F;SOV`EX&`^F6@4'086O8#])P`I,X).4`#.0P@.50#OUP
M#\0`#,<`#./0#_9`#/30#_3P"\89#/?0#^8`#/:@G,<@#@3^,0[!D`S(0`_)
M\`O'`)W-29W```S)$`S)V0_A20S\T`_B\`O%0`S&4`_V$`S(@`S`8`X&$9_`
MT)SW8`RN4`S720_!0`S((`SFP`_T.9T*`8N3(`$'\`GA90#_9I$-$``%4``(
M<``ZV0\1\)?]8`@"(&_-D``)0&?0$#0G,`!Z5@$+X``-D``$H&?]H`(V0!`[
M(`"U:8('X&N<``#R1@T),`'*!6H.`0D9UP\P`%Z(4)/]8`/R)A&7,'X.L0+0
MA@+Q90@HXH8KH&?J<`'A4`D=T`_6$)H"@0AKF`@OH(X=D%N%<`/H4*;X8&7.
M,'X98`CJ4`)!H`X0@`Z#0`/J,&#^V6`#$M`/*\"'Z?`!B-`,#7"A7S<#&L!D
M<:2DY^!K.@"3AS`(D[`!HS80U7`.`2=OB#",^W`"]04-T6`(>1D1BTD0.,")
M^"`#+6`#"2`)^G`"T;`"E=`/>T`NL28).\8)M7D.)X`/NRH#):!E[,`#+N`"
MJ:@#),`'&C",!"&'G'$#]K<109"`(Q$-%"`1@1!<OAH"GRH0'Z`,A@"E`U&5
MRC"N_1"0&T&8')$(=Z89)0"&_(`"C2H"2NB7![$"`$!@=10T*#`-'=$.*K!U
MRC!^3+((>]`/D\"$A5!V%REOZM`!.%D10?"A[?"E_1"H-#>.&R$I-J<!^)`!
M:D<(FHG^#_0A"+DU"F[H$$&PL5#C$+Z`!&$0#^/P!6K0#Z^`!&D`"%`0!_TP
M#%``"T#K!&K0"DF@M*W`!+/0#ZT`!:U`$'VP!%^`!+Y0!TS0!4B`!'W0#^3@
M!TR`!%W`M$"[M3_0#<GP!4[P!%'P`[-@#$[0!4WP`VD`#P3A#5OK`[/`#W3P
M!$.P!&/K#5'0!$T@M'7P`TWP!PLQ`0!`#97@76X#`)JY$8D``#40)XX```FP
M4@Y1`A7@$-FP``/P`0L``+&F#D7:`0.``-&`"0!``93S`@!@I/W0`>F6)3@@
M`!<@`Y5P#KZW80D@`9VP!P=0NJ"@`=-($)/0;`UI`((V`0G^J`P$)FO6V@_+
M(*+]H`$+]@)Q-`@KXH8:H'0KT`N;``/]$`T8H!F&L'F)T`PX\'&Y&0UN>)'Q
M*@/M$`$X0`BRB9DX<`+5\`D"2`WC=P.]V@DBB@@N&"9(V`\U4%^3,`W94&N'
M$`CZ`&N+X`"U*36C4&M[>'0A``T$P0(KR"0$'":Q*A!J*!`=P`C\0!T$1@T,
MP`G-L`"/-I4E\`"RIID7H'B(L`&NZ0_6<`'XD`@:4)0=L+T.L0DN21`Q8(8#
M00CL%B;@.F'PZA`1-YN@P&Z8\,`%80T1$`,-L`/]X`G>ZJO;NE]9&8@3=@,+
MH!\&`;`&@0(``(:3@0^/\@!F:<+^_M`.(X"82>JP7)P`V":RF%%T(K$""T!H
MBIF5F*$#!P!SD7$"!\!A,A")<J<!B%D#-NH/$Z`.B/",Z%`!O2IBV1`(4=8@
M&T$(TCM(\5`&1J`-K6`$59`+=4`$LM`/7E`%V_`'1S`'\``'O,P/7C`&Y&`&
M1G`&[W`&6.`.6^,/=]#,>L`-95`$<7`*9"`%X"#,6W`*<V`$;/`.7J`$>K`*
M]1`'4J`'I6`%2J`+VT`$9&`*7E`$N+`1^U`&/X`'JP`/J-`#9J`*7D`$MM`-
M2@`$I"`'18`&IU`%0"#-"0$*D]`.^X`)A!`-ZK`'?`EQ-U!Q?$R3^M</AX``
MUM>#%<#^N\JE#CC@``=``0L6"`P`AGCY`)OT`$KW:P.0```P`^%@`!G0;P!`
M``P@8_X0!`#P@1P!"=++=GBB`@36#`_`")QP`1V-$7%6#4%`@_UP`IL@:Z]4
M:YGI#\HP`?L`">S;#!"@&830E=F``NC`"1V@7/9XRO@0<O'Z`O-P`8-HPM6P
M`,\U"DC<#P&(F0LFEY@1!#5`$)"07^<PUS001Y/P#(_=#X6P`VY9"9]P"2:\
M&?V0"7^I#")ZF@4Q`U1<$2:P4ARA`]3F%+^F9[V77\H@`3OP+0NVU48H""&`
M=X<J7!?P#!O@9AH0#2C0JPVY8R/1#&BZ$3O`OA3Q`7I,$-3^H`%9$@C;JPYO
M"7L)T`(5X`"@)A`P0`B6]@!N8Z7](`/QU0_H(`$%YQ#3(`'HU0_34`$FC()A
MTKU88P(`4'`=A@\HT`RI)5PGL'6%X+`#,0E1E@C(W0^"@(U?)@,/IYA+6A'X
MT*T$<0XM4)LZ,)OH<`$<)HH?EPX40&@ST`$+P(0"<0X5D,1K'`A9*4BL\`1X
M``=<<`5P8`5D,(`Q#@=7<`56$`=/8`:880I*$`=7(`=4@`=/X`8"80\.80=$
M@`K]P`]P4`6ZT`^H,`2R\`9'$`O]4`M/<`?<L`0Y[@_Z8`5P$!G&K`W:,`1M
MT`]J8`3YO*#P,`53\`V1409/8`K^_=`'0Z`'W?`$:+`/9J`$W%`/5D`%$AT3
M2E(-+DH09U80ZA`."F>4%LEAB/``(Z$.*T)I^Z`,EKP)DQ`-;-$/X8`(2M@/
MU>!V.S</0Z<4VN>4./`".6!]D*!EF2`R9WD#B5I?G:!XT?!Z_4`)%S#`#^</
MO*ZLZ%4#]_A<RI"C@9`"AQ`"7H>9&9<4F*`K&1A'^+`",X`)!O!<$F$(&N`)
M(1!EC%`"H/`";G(!(1ME.G`)U=`"]>40RB`#T*`,&E#M-``)T=`!#U<(.)`.
M.*:$_K#"!`$N&,$)&:`._N``C(`/'7`)$-`,V<`!^=`/F,!AV4``DX`.F/ME
M5DV,';#^#RV@9^TPXAV+$0IO$#J0WN$U#^$PW!O!")Q)$/K0`=KG;LUEW!,P
M#=0@`;74#"'P<041`I0@7!4P"O]0`0\&>MB&#R<`\\)%`VOF$$,(WKT[$,Q0
M;P:A`GF,-2N`F$@YX`/1B/@V"@_6#.[N#-0M7#O&?1B1">PF]=@V&<W@$+UP
M`9'1"<J%"7_9AA!GE8RP>9SPO@)A"0X@=!)Q#@T?#2@K$#6P=7+T#F20!56P
M"GKP!%70R_U@^4_`!;S`!5J0^0+!#56@!5NP"UZ0!5)PY<4@!H#@#W9@!*K0
M#_J0S7^`#&%0!-I0"D)0!\?@!T;0!M\@!5/@"LFP#V1@!:[^(`Q6@,_:<`1O
MT`]0S@WD(`9^0`Y>\`.`4)]W,`1TX`M?,`2IT`U.X,QE4`6'GNB+7FHCC356
MPEP"00C53A#TOQ"8@0/"CA.[>5T`<4Y=/X(%#?;;AZ[:P(+11N$CN&_4*(+X
MUB$<Q2A:P7;^*DY"Y*Q9/VH,\1D*DFFC04PS('GLQVC&I'[J,/5SUJD?NAPO
M#$$DZ"_0C!HW"89[L0(106LT7M`8>=`?BG`'(868(:C?H`XT/H#R%V0?)QG^
M=H20H>(<P44#9R@CV$F#C0\ZH9T(`H-1OW0E5@0Q$`C?#9@$U<F`$:A%"73]
M>ET(<@A%B6K]\!5:6Q#3!)DH&H_^<D`(Q8E^?_MY!'7A(,%&%5IJ@(@#!:<2
M-P@&,M#)$BB"*!9TFB2M7[L*03`UH':0V8?5_4(`6+JZ&5##(ZH&[:>,=+\3
M+WCB('@B3S6GCAV,DA;"4+]S$RH7?,%(W8D9!"LD"O=AO;H/^"M4,@B?%4"A
MYH*]"+HA$X+:D4$3?`:QK9\7<,`GD!6:PS!##3?D,$-6GMAB'UV(0,,CCTP1
M8HU^[A"B#8/8$$*4?MIH<1]_4.D!B'W>$,*4?O2!XXDEEBCB#'^ZH6((*)3H
M044]E!AB"G)T*6(()9;P`9=:4NQ'C2&X&48(']"A!4H?9OEFBQ^>*,*,>+09
MX@Q]RO#^H1MRK*#BG0[WY+//U?PI;,]]I/*SH$";&[30#0]5M%%''V6THA*N
M"U`=AJIY+T"/HG$FT0`-"@>3Q@SCQ)F"U*D$%&G\J02%/SM!I))T"@H'I$Z`
MZB6$U9:A01&&^HD&!T8@RN17?#*ASJ!05LAAU'X@B8$1$Q$)(I`:$MDIAR!R
M@(&W?J29806=#EI&A.88B6&9#OV9)-E^LJE@UG.<HI"@=')800>&,#E!*8^:
M@<V@:%:8$*AH7GB!D$2CB>$%2%93!@49L#V*$(-:E>&&6?L)QRD:A'LTY$;Y
M@447A%3IQJ!W2-FFGVY(2?FT(V%V&15X"')'#U7Z&48/;OKFJ<<+*U`II11P
M".*&%%%L(:66?OBQ10]2].FGECMHH<64>N!AN1]M3'GG'51L\6B8HN7IYQM4
M[I!E4')@R85G4_;AAQ:R1<8[;[WWYCMD&S6,]#1",XPT<$,)7\;==?LVB)/D
M&HT&&L8G;ZX9&28_04'#,?3HAAP$+W3S#?^FO/3%&:\'#"-P`=UTUU^'/7;9
M9Z>]]N9$9Y1TP#<7?='!#^^]HDSY;F9X/Y=9Z?0]@S>(>=MKC_0.+G[.O?G5
K/.T0>^R>Y[Y[[[\'/WSQQR>_?//SUL>=\]=GOWWWWX<_?OGGIS_^@```.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>73
<FILENAME>g147201lci001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201lci001.gif
M1TE&.#EAR`!H`/<```(!`P8&"0<("P@%!P@'"0D*#0D(!0L-$@<*$@X1%0X3
M&1`-#A(.$102%!D5%AP:&Q86&1,0#1T>(B$='B(?(24B(RDE)BHF*2TJ*R0E
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M?(-\>)QD<K=)2KA&6*M)5;=)9;I7=;11;JQ:9L$N.<(R/<$P-,`L+<(S1,,U
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M^OSY]OW]_?#T^>[Q\+_`PB'Y!```````+`````#(`&@```C^`/D)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+!O?AX[>/7[^.'$'N^R@2Y$21`O7M6ZDO9,>6
M`DU:E(FQILV;.'/JW,FSIT5E9"A10B2TDE%+EC9AVI1)D]-0HTY)XU8/XK53
ML*(Y>^8LVC-HT*I!DV:-;+5JU[AQ8[>Q(KZW-'W*[=D1!X"[>//JU1N@0`,,
M*TA59;@"@`$#`A`3&&"`P&$!!0X78+"@P8,*'6(H@PE1F@<,%A#-'3W7;@/(
M!0($$`!Y=8'7K%D;<$W`,`IH'',?+%P@M@`"`0@0$'`W./````8`O\O`PR:4
M"CN2`5``0(5KNDEKOVF#^N/@JF/^&X"-.G&!"'Z)4_BTL`4`]'['_W8<X''C
MQXX+))A=`(6S[`>U5(X%`C20``"5;*?@37:]!H!PPO7UV&N(]19;;^,98!@9
M"KGW6@.]19#8<?,A!Z%PB$%&G`/L,43)`+T=```'["QHHT5VS28<`/7QJ)P`
M]2&68F(I5@A``Z$DY.%XM8VWP&Q"'B;D:Q3*%@$`#IP"8$'K7-!7`0<<0``F
M6]YHYD(R``!D<E`N!F%C>$D(9&(')/#:`-<AI()AO_&8V%YX058A:_6A!@`&
MV"6$"0`+H-8``"5P=N:D"L5@&(2%LJ@,++`H8PHF99!PI8JJG4<D`#8@A`)U
M.\(Y`1G^D9111@TPD/"`ABHFMAJ(?@$@0T)='MG;:PL`(`JER"9DJ7S`U49!
M6P6E`PH)?`I):&T/5,./I/R<<.D``P0'@`D%W7./.-->265D0C9@``7M((0(
M``R,^-J5+"2;VTH,<9M0/>V8HPXWY*RS3CO^(L2"FKXU-D&-`'94SR5V@LA:
ML[61:9"W!>SHV+@"D430/<N(`".8*E((P"@'.>-`<!4.:\`"I)2I8%P1W?-.
M-[T,LPHKDDCBB2>R%$---_%`R]#""\#7V@1*'V1#``XD]N>.+AQ4`G6J`5?=
M"0GEP\\U&P"@P`'EL08`#@=9*N8!ZT(&0-8VZUM0/N-\(\S^+JL(TH8A/_Q0
M!1J"T")+-_7@W-#"(,I7W0/^)-31@*M=;!P`'="T3PY'SK<C"@IM9$H""32`
MMH5?BTW0.Q=0)X"8Y54'031V(T3/.,88\THB:O@`!!!!$&&((,0,(PXZ_%[T
M`@!PIYA:!5$?=`/#Q\T&P`:J$[0UW,-%!@#8"K6T,)6LW8E!.06=0D#'$*8\
MGJ^4MJ222/1LT\HB?H`Q1A)!`&_$&8'0!3.8<0YXV,,>*TE>12Q%GJ=%CR`=
M&85C@-2Q'H&`)OKP%MH@@P`&`*`%#0E%`,*$FC`!0`+8*,@,`H``"J:F+Y`Y
M0``>8`TS@00F[-"&+/RP!C0DH0?^0"!"$,^PAUGX@AG@2(<2TQ$.=!A0@169
M`77(AQRH,41]J('`;XBS`0QR[#4(6-\')9<;:,!M6!P,``6X01!G/*`OI4+`
M:TKEH!MLRTSS&`<R6-&&-/R0"$Q8`A.8`(="&!&)X$AD$M.!#B?&`QX)5![S
M7G-&ZSRP(+`8UAS5=+WLQ81C!U#`V62$`L41!!L*:(UK4K.!=1"$@<1!#96"
MXZ`-L%%!^JA?,0XA!A\4`0I3>(,;E``%*OS!%KX(!C.\<0QO.-,;B4P'/)R(
MP'R\Y(X3<<%[R`>D9T6''ZCXTAP1`[*"[.,$`;!3G43YO89@`P+I1$T+`4`"
M>N1&&O#^[-BP_#0L!!C`@Y202_+RN,LUJ`$+5W`"%`2YA"5\X0]&]`4P@@$,
M8`ACF=X(!S@T>HY&&A"!^[@'3?)!CW6H11S=0,=&;CB0A2D@`;(,`/08,KTS
M_L9![)%)/]")@)XFX*4``-T5^R+'T\DH$@3A3<=D5`$;="QF!$`;""Z)DWF0
MPQ5L\,$3L%`%*@1S"DH@0AZ.Z8NR[F(8PPA&,(3AC64F\AP=A4<\YN%)?KAC
M&ZYPA2,\P0I9]$(<YC!@0I9GI]<YJ`*14X@Z-$"=,"'@`.ZRP"T+XJV7VHET
M[<1F1O@QG0VVICJFR,T_&-"7]7D0!O700%_."*86XL:4%Z'^!S(<L88PA($+
M7NA"%YS`!"4HX0UYF(0M:F&+7>#B%[]8JS#8JLAP=%0><[T=.9"1#$<L@@U8
M.$,;)I$+9J1#I#%)2&%(QQH2(G8A.G#=&3%;@X/L8VL*Z&E/%1#4;W*C=9ZM
M4P`FH([<+`],!A+``I;!CYIJL@&/LN-.^H&,18@A#%?0@A>0\(4G!%,)2\@#
M(6PQW%K4`A>^R(4OA*'6`4(S'/)(<=YFNP@U9$$(0?@"\;QKKH[`=B#+"Q,E
MT4:!Q!JD'^!\K";E2+5G($2#KTF`"87J7H'818YR?!T$`!"#W%3CC?HIW0!.
MT!%G0`!,!9!OF">00B!?)'G98$7^%A(J!RI0@0Y?#:L;^#`(5<PB%[40\2YV
MX8MA`(,9;/W&-\)QC&/<XA5]2`,6BM"#'YP!$+8@X$?O8<T##L24_XV;)1."
MBA#HATI*EE&"CFPV!(CRL?55R`[DJ$G(`D`$;.Q(>L/,:@(DJ2.$#7.8PQ2`
M3N!$'\5XL""A0(>%3D$.4X`"$=[PAT$,(A"JZ/">^8S<9GX#&;Q81!_0\(4B
M]$^LA)B%,,#A1'0PTESHOD=#"J/CJ!YHIOL2B#IT$%_'/M:$+8B7O\Y9Z@0@
M8(2I-K-'/)(-'+1P@TD60`1"VQ%N9&"*:N.`OOEQ"C"_[@"H-L$[;/*-5Z2A
M"%1XPQ+^H!`'AM*!"7&@`R$(,8A9J$*XM3#N+JI]C%_0P@][X$(1K*"$)BP;
M#T:$YD:="U='VL.:T%$8\S9HP@PHK1_92`7G6!AF`3R6."4PAT),D$Y1^EM&
M^3((-C3Q@<J!V4[4N81'.E*)*;)0U-BLQP16ZUBX+0`6&-&',=:`A2,L`<-3
MF,(0%"I()N#A#XAW=B`",8L\SQP7N'C$'M#@`R(`<@E$@,(="*$+B[)5Z!N-
M*SSN0=<;M_1(=B(?!'!P@QO(X`4G"`$"`-!3UZC&.C28K'MS$("SD4[)'\P&
M-++QCW]D0@8:^'>H/TV=#;`L-]Q@K"8!8('^$F1\8((;JF?^4)&.D&,164`"
MLH_PYBYX00YS@$(QQXIX0@3B$8RW!>1I`8A%&^$)3^C"&YA@A2GD81:ZL`NZ
M(%'*Y$RAYU'V``_6E##Z$`_K4`[M(#:K@C*5,QR`L@"I%%,-4`G6%SJ\]U*G
MIF/-TQ?%H6,J8P`E8`I1DR9G)"8`P`FZT1'7(`&KU5,H`P!:0A'D<`AA0&Q.
MX`15<`1>4`=W4`=R8`13P`>(]P<L!PF,APOTAP988'F_1050L%M0P`>S8`NZ
MT(6=MU;/M%'H4$#Q<$#V4!#U8`ZR$`O$X%?B(`\=L2H60SZU81A/%1M1!B:9
M53<"@0\?L'1A$HBIT1NA1CH=@Q?^!,`!GP`Q!&$-%>`Z#B("D0-%+`@W_O8Z
M094P#/$.K,`%45!,4^`$4=`$44`%71!X_O<'>*"$B,=X@:`'W>8$%@8%3*!^
M0_`$#\5A>>:%R02&)]9$\1`/UI0/\R`/QD`,AW`(9D`\O4`.GK0J<%->IX,!
M#U`=`Z`F0](;L_<`*<00^\`!DV1U&(<`"2`!Q+$7!7`!'B`#H<"(,=$2=@$[
MDP$`FI`2(2$0F91]CO4:#(`;$M$*6""*ZA=XZ"<'<M`%43`%=#!6AX=XCP`(
M?/`%0S`$ZD=L4#"10U`$==!RM:`*'L9GG6=1S>0-@S97XS`.A+8*?I`&?M0&
MJ]`+\K#^<?'&#R;`,(/8,12`#=1@"I\P"C=`B%4GC@"@=@SA#R```$IV;S*T
M`M5`"IE`"3:``Y5`"9T0#=<@DPBQ#XP5C:GA`+I7$*O"`'4"-ZXV`Z97$/+`
M!DX03&]@D%$0!7-`!P?YEDV0!X#0!X``"`]9!SY'3.JW!&NI;$Z0!Y``"8/`
M85QH5B3&7.$0#GG#"[30!W=P!$(@!$G`","@1$\47@/Q1;$A(Q80-4AF=0<G
M4S6T$/ZPE7724S)"`Q:A/AB'-H]"+HK26'62?3.$'6?9$;R`!6_PFW(9!4\@
M!U#0!&[P@U%P!'B0EXSP"'W@!>H7!6X0!;5(G%/0!$?`!X3^``B#(%P=E@N[
M(`R_8&W?4'.TL`=G<`0\P`-5L`>T<`SR8&Z,!%(`,H&^P530TA&F$%6C-(ZM
MR1#X@`$C9&JB)"._PB\F`44(H4W:)T<`D`EUPPX>0'OB&)L`$%`-(3^'H)#!
M1`?)^01NX`90()Q0@'_,"0EH4`1<X`1'L%O(EFQ1\'<:UHK=Z6$QYPOC:9XX
M!P9-H`1'P`1V60O-!`X=570'9$WW^%Y+5W6]D0'^0@-F4V\8EQH0\!^AHUKR
M-5\!\"L2`63.P`"MA6H?T($($0JN<V_D:!UDNA#?@`5R0`=O``5R\`1.(`=1
M(`=V\);)&05]``E]4`=%(`5R\(/^3?`$PBFHRC96@0`(L]"=P]6%R/4+N_`(
M/E0$3]`$A7H'@2"2&.5<8SAZ]@!>NK$UFN0@&2`3,OAEK#6(`,`"5,4/`9I.
M/65U]*5@$V$78DE)`1`#V(`-ZO"K[*`.[!"LZO`.V6`!Y.A8HQ0`]>@0K8`$
M4_")"N4$6S`'43!XQ"F+3J`'=[`%4O`$4B"G42`%<^`%4T!^2G`'-.ILC"!_
MR$4+?X`&76`$1@`%3I"ICX!<$X51B=1$C012-B80^3"AA54^`.!T!Q&/JVI"
M&(H0ZZ!::,.:"A``MOH0^MF@]L8`$``!#]"Q#R`!$M"Q#@"R@?A8Y!A?!;`!
M:YH0KP#^HB(*!4=`KG9JJ/<JBTTP84/0<R-JIR-Z!/DW!'(`"'\`"(LG"*H0
M;;:@BM[FL^KG!C$&:65%@,J$1(P45R(%1?G0`4L'4PYB`3(!$]B0`19W;UWY
M6@>A#B$PH*$42@!0L0[Q$5]T-A:B&K>''#S"(Y7#0E`&-Z,$`+[6$*V@!5$0
MITM@!'3YEG;@!%(0!78PHG3ZB7EZIXNK!510!W6ZG4LH"(Q`?WK0!,$SHDY@
M!TV0!'<P"[CP87VVK^#@743:4<BCH/GPAX$80P!P`0EA"4@)1BT(`-R'$.I@
MCE\77Q,K&A#1$:0P'N2C:Y2D3E`6([F:O&%2.GM(1L;`!5?^&*=VD+A-L`5/
M4*+%&:X5*9SXAYU/4*Y;D%M?H(1\X`>/\`B0P`=@8`0ZJU!-,`1&H(6TL`IY
M5E85-4!(Y*GH(*H%\0XBP#P7IX<7H#CK4,`B.(ZK@7>2TA&_*P#^)E^U*A'[
MP&Y"=B&O,1PI,XCR%$.L.4L0\)4(,0YJL`3)U@36.JYTV00*A6&^I012<(M1
M\(,MBG](<`1T\`=ZH`>$``EZT`7@.HJ^%:='L`5ZT+ZJ0`NV(&(5]6<#)(;H
M@*0'@0\3NH_Z07TX$T%@M&-Z6`+Q0A!`A@T/8&H63%\!=98#<0I@:H*^L45`
M<AQ+126F,\(;C#8Y%3[Z\`H*Y;W^TJFG]=L$B0L%Q"2*<V"G@.D$78`$5.`%
M3J!R@$`(?%`'1N"SGVC(<NJS?/`(LZ`(M(`+3TR`4JQ(]J")`O$.6=Q"^^2U
M"?$.[$9"PR(CEG"V;S1?\W6A$C&!.C8G"X`Z!1`N=(NW=7BWRHN;(O"J*L$/
MXX`&<<`$PZFGAOJ66[`%Q$F1(UH'HS@$HV@$6J`%"#D%=YD'HDNH%)FSQ8D$
M7M`'B\<(JZ"+_*NZX1`/FPB.839*U8$!`G<0RG`:@<AT`9`!)JP.;S2.0CEJ
M#=$1T0"FV9<`,Y0)RG`*$ET*HU`*I!`*J"`*G-`)GR`*J<`)32&[479Q`L`R
M-Z8/K+#^!=+JN,)YIW/0O5'@6].9IPKUK2VJ!5N@6WQ`!SVJ!)^(J0IE!/>J
M!7P`")#`"/%77%$[#,PPSP[Q#N#8H`Z*`3=F8'E81P#"#1#`FG7R4T,Y<`ZQ
M/&))EO`S$:/`,*_#F@"@`JA,$.&@"$@`E\G6!2\MOJ.H4(Q[K:2(;$^`!'.P
M!4@@!0KI!IAZP^J'UW*P!4:`!MNY>-#F8;DP#+O0#.!`SQG*#_5@SV"6IAC0
MUOR0#U^DQ0'0`(DR$-@@(K'I;P=2RZ;7$9Q@-F,M0Q.@+0&K#S`1L";Q$;!J
M`2.D(DJ9)`TQ#GY0!'+I!7"Y!4Z@S88ZG7,P!]D;NELP!5+^X`1>@+Y:0)''
M:<C@*P7@?+Y]L)V,,`FST'BYL`J^(`[P(!'M4#9DF62'TA"ED"NOLSXR8D<F
M80T./8XO)2.;\!!8W'O^B2`4T1%IHFL2"RD/<0P'50?%9MR+&ZZ&VMS"V<(Y
MW07?6JVZ%:[&:<B1.Z=/P`5W8-2`P`CC_<3@&0YL7!#L(*#_7"<`<$'>N">]
M/!PRPHVZ40TB(E]?!P#][8W\\`EF$[UH@T(640QH4[*SJR6FIP_CH`@^T`2_
M.0=&:)#.;:A/<(MR4`?1G5OB.Y=;L.%*T,+6*N5?T*<C#FT>F0OBD.)<8@%(
M:8DFQ`']P@_2\`"OXQMZV+L"<0W^J12]+70@S=H0\)7:`>":%M$/[.9O9Q<`
M^>+9N4$.K.!'P_D&<*G-=GK);SG=B3T'4E"M=XK3HWC#34#7Z"><75`$=ID(
MCT#BJD`,*%X1ZO"(^J'?`<`!;-QV<!,<Y7,:Q](2UW`:I*.L#^H06DV:/E4`
MRJ!9$W$*+;[?!P`!1I;BR<`&17`$);H%=-"]=5`'>4K844`'*LW-?]W2BWN<
M3V`'""F^3F`$==`'J^[)JP`.US01ZC!WP5XGYB@"/LX/6IU]I8HY@U$-]3*.
MCT5?&L,0;;?5/A4`&/"J#L%O+<ZV7`H1X[`&/H`$""D'F&H''NH&V?N6((J=
MB<T%U5S^OE(^S=-MJ'-J!)JZN:K0"VQ^$&8\11XL(Q\`$?]5/I$A-[7,#]2`
M-JI=)U/6(@M1#A=0`!`07YAEWQCQVJ$F2F>#`#8>$?2`55G@B7'PEJ&K?AK?
M!.&J4.C'O?2*?YENKV[PTEMP!#[=R:$L#QBQ#B;P`!J0`1*0`1E@`1"P`IW!
M`0R0``SP]Y"%-A:`'=)P&A8G`%-V+#<V'8@QS!5@I1C!#N"('"PTS(9NL0-A
M#.!G!-/=!"-ZN-,LIUU0K71Z?]ZJW7:@S;*HR4O\ZACA#^[0#NXP^P:C#F/\
M$.P@#6`!#='`^]$0#<K07_AP"J8@T?^`"J5P"J7@C@E1"DO^80E&813^:!.F
MT`(M<`+8GP,Y<`(E$`/,#Q'Y@%73;:^?:*?-;:@IO[BC7[YV`*Y+D-CC&M<+
M!05N<`>]P(>UD_^AXP_\[P_]`/L`\0[?/GX%#1Y$F+`@.4=BD@2)HN5)%RA;
MDCR)8B1*E"UVI-B)TN3)'"\<N6S9HF7+$RU=CJ3)=<\@084U;=[$J7!?/YL\
M^=',J=!G4*)%C2K4=^R5F"M%GKR!$E5)%"A1[#QQ,_7)D2==4:*<TU6B'"H]
MBN#)!4[F4;9MW;Z%&_<H07WCDB7*,D:CDZI=*&YQHN3(EBY1N#C9(B7*$2D8
MI6R9LQ&.E2%G:H6S)U?S9LZ=.0/^U8?LU9XK0:!\H0)%SLHG<C@6AJ*5M9,F
M5!5'B7S$R!E!O<#E\QQ<^'#B">G=6B0&C`^G5"+[51P5RAO7&Z-(D0)ER)`H
M73D628(FC9]5P=#MTX<P_<'UQ=V_AU^PKBQ%:BY2_0*&Y1,E4Z,X"8DJUY[@
MHC&,(//""RR0.(,*-1CY99MPZ`$.I_;B(^Y"##F+)YQ>6$D#B>V&V&*C[)QP
MPH["IDAP#LCDH*B.*JC(SPOLGD@B##'86",11UQ!YIMQXEE/PX*&VO"M?8#:
M)Y]PY%D'G7J2/&J]G0X*9QM:``&#"RZ::`)`*.BH0XZ)NO/B"2K,I*(+,+[P
M`C#<GK#^PR,OK\`B"S#4\(,17'K1!IQSXKEG27[6TDD?H!*ZT,B:'%4TJ'ON
M@0><7EI9Y!!9M&&'2L_HV2891]@`XPHAE"`B#JKB@(()*)9P8D"2_'J"KR>:
MD,(-Z[KPHHLOFB"""2:<.***,_`09)))B&E&G'/0D2>>?-#[K*U]XI%'GFZ\
MZ247904YHXKQ7M%&'D<]5=(@?>BQ:Y$^U.C"""*&Z$]8Z:+P8HHNYH"B"2BD
M`-,-*$9"@@HIDHC"U2F.(*(*(HC@(>(?JOCB#(O1$"0011AIY19DD#GF&Y''
M>5*>>4X^.1^5]4%Y'GI0IB?F<68F^1MCC.F%EU9:6845/_#^L#C<(W@@X@?>
M6IE&'G2)(VA1?>3!V9$UTL#"A]*,B&J*(9Z(:@DE.HJBOX@>>T(*)[*+,PI=
M;X,-P":4&$(*)8*@.PDIM$#B33#`P`*--=9@8X\U%/%#$5844601POWHT8\V
M_-A##\GU\$*+!+>@E[8@FA"B\R2N2$,18KK);*:EJ5R7'&-$?3<++'H((@DC
MC`@LQ<"6@(**)Z:(8@H8SX2"52<LKQ6C+U*B@HJ"D2A"-RF00$*+(HK`XHLD
MIC^BB!E1&[B.*6IEF`@@'B:BB#:W:B+YN*4H0H@PU#BDE2#I06C1TT]/7;1%
M$B$UC"^%:$(0>#`$W1SA"$T0V!+^WN`U)52%"K5APD:FD+4I).][5=G(JZ;S
M!CI080IPX"`5.@A"%J&F"U,`$(I2,X2SX:@'GP-#'QJQB%ML8QSTNU\.U<6>
MA.3#939#QBT<L0@VN`X+6$@"%V8',+K-32H-M%=@A.6&";YA"G&`0VR"%P=7
M68$)7+07$[SH110]H0AT$P(2/H>&/9Q!#8-;13&TT8T*Z="..3F7>N8A#W*$
MXV/)X(4K7O&*1>P/<&P00Q:R$(8P7($+81C#%7PPR3%,<I)"F.3GKA#)*X0A
M"XE4SA[\D(A$+&*0LC#&'.5!(4=1BQ]YO&,L=U@E?>"#7>,@!SF0L0UD)`,9
MQ4B&*UK^(4AB%G.8M[A%,8#YL6^0`Y?S>&51["=+:G)&0TBJ9C;O.$WA(`D?
M-TD/-[4Y3G+:1)P_J5\YU;G.<Z[3G>^$9SSE.4]ZZK"=]<0GNN[I'@WM,Y_K
MQ(<I1C$*:)SS0NW@1KK8\0Z;P/*?Y8R&`QC@@`+$H(XWH80'ID24)1%D%#;(
MAPM>T#1^U&,&9#`*-@OBSX<61QD%L($U1```6!3D'>I`R#O:01`:/`"G;+F!
M".Q!!I0:I!T3\$!+\5F*`6B"'S0`0#'XT8D/7,`$T2BI)4!P@C+LPP438`<^
M:#"*@X0"!2B@1#OX80H6H+53-!`!/T@1"W[@`Q-C=0`+#J+^C&HH0Q3\8,<G
M*B$*X.SC&:2(AEKY<0U1D.*;):4)0^NZCVLPM!W02*A-J\$-DJI#L4K%"4].
M`0!*/`,#'?#'*1:`@E,\``/YV`0`7.",3UPC!AAXAPL64`IT6J,!*""%)911
M"@.@@`P.0`$_;""">FS`!/P@`P!>`-45'*0$%$#!"M9Q@@FXP`(QX(<E(L`"
M&Z#T$@7H@`5$4-D2_%49%S!%-3C`W5&<P@(66$$G]A$*#E3@`BXH!S\NP8$5
M;.*QH+U)*0"``@S0=!\R&(`R^$$)`&S"`Q90ZS[:$8,)O,`!IECI6@&@@G7D
M@QWI[10.`'`-,I"`'=A=QP-$H`_^:42@!0?I0`>PL8Y+#(`2_,!$`9PA@@98
MHQW4>,<#/E".4PP`P`ZX`3]$`0#A`J`#HR!%!2@0C6ML@AH6X,`S/@$`'&`C
M`C=0QRC6@6!S\H.IG!@S>%U@@&OP(Q0`L`$%GKL>&`2@`1.0AGQ*2@8...`"
MF2"`"@J""0"8@@PF>$<%7$`-`$09&PVH;M,XX(*?B&``+)"!"S8PBDQ$8`*C
MOL8`/E&0$SS`&1?X,2D`@(EG^#B\`."$06`!``Z4(08%^(`R,'"!&\""I2V=
M<JX]``!J6`(`H>"'"P@0BQ(TH,[U"*D%1O$`#V1VLOP810!(<($.?),,`:`&
M&4X0Z1?^<,/)_%`'<F="X(*@8`"Q:`<[UO%-:FR"`A08!0%6S0\2/.`9$["$
ME"OL#`"@E,+0_J8RR'R*3HA"JL]@P0($`&(VVZ04#EBU*1@P@W*(H,,%D,$^
M2.&`#5@B$MQ8@07V\0D"H*!"T;A!<$G+Z!AT8@+/C4$)CGH"?I@``)GH!`#T
MNM(-5-?.!CA!-:#!B76,PAE>C0`T*K`!;HP"`#&H!W[S<8E9,QRE31[!._3A
M#&H\8`7`4<<U],V/3%"9&YPX<,>-ZHPI[0,:-;U&)\HP"IH\`P<X<.\G"&(*
M2ZRYI)QX00ILT(YX5`(%*K`!->S,B7R4`1/\D,8).'`#%&3^XB`TV(1!?(X!
M$5R"'Y$XJP5L`&1N6Z`$"3VN"U30@$\XPP&I#Z\!2B"#R9.!`")0`0F<X8P5
M7,+DUZ"$`:JA=[CX$Q^?_4G>!5T0?#A^48]-CS[*P=>"U(,:IYA^0:I17\7N
M0QG*4$<UZH$/:'2J(,K`!";6G(]G7*(2REB2:"@#2J@I:A"%C:*^F=`'*^&A
M!"0*ATI`"&2:FFBG>S(4CG)`:;H^!,S`#H2+4J"`"P"S7$.GGZ"):>JH$`NG
M$C2=$%,7@L`$Q3.=<K`!CHLF]?#`^""(NKN!3W"`(DL(;CJV:.JG@_@`#N#`
MQ7H`&F!!%PR*=I+`'"P(1`,QJ!+^+$K`@1O`!TM0`1F@A+BSA$Y1!\)2!TJ0
M`4O`*74(!6C(A#!$"&ZPA$HX!9IPAISC@!)@!VYXK'>H!U/`AH)8AU`@!8-0
MAU-0AKQKAVLHG8N2PKBHNT^HA@H0@6AX``<@@T]0,1O`!`:(@6=8`&BCA`N@
MAA+P@$_```YX!V=;`1N`@!D(,7SHA!I0`0%PJE!H``N@`0-8`6>H@,]3!Q<@
MA0[XL5&H``O`@4_0AU#8``[P`!&`!G[(C&@`!6K@!'7(!,=KQ+B(+1N(!!@P
MAW*8`!RHJP9(@8*X`0*XAA5P@7I`.$ZHM'*(`0`8A4J0QZ?:@&\*)VQPAVS(
M@!R@!P[^F`!KR`<,6+<-V(!]R(0-D+@7B#0+@(9V,`5E<``1,(=KF(#D(HAK
MH`9R*(-IB(1GC,)L#$(!&X!0F!1^X`8*B#)V6(`7*(@Q@P51X``<L`!SB,>M
MXX`(*`5G"[0;^(`#PP<<T``-0(`2J(:1*P@1B*M-&(!3.`$R*`<\\SK@`S=>
MHP$9^$'[XP9J6(=8Z(18>$:1=(OT,#YC(PAN<(#9:X<"<$5^H,=H6(<&&(`H
MFP$`$(5UX(;IBZYGQ($2"+$I8X%8N(`1D`8#$$=^\`"_O`;7FH!JD(:&<\=!
M)(@[(X$;(#Y,6(_NTS=K6`?[$TNWJ`0".(5#62P#F#U]4('\"5B^#1`!AAJ!
M"`BT4#"`%V"'<HB%?8`J"9.!#@@Q>@P%?0"!#EB'#<"`-?NY@H`JO7J&AH,&
M`&#"??`'90B`MLP'>Z`_R;K!SX0+9:"$-2.(>B"#T02L&:"`"H@!QX,%:$N/
M4[@`!S"!5?N$VP,R)D0G:N@`"%BNZC*%6RR##8@!@G@&$7`&T+/$\%H`$[B!
M3E`N`B@!'%@!4OB$`>`M[>0G@[B&:V#$@RC$:OA.^ZN'3FF/-+,&;L@L90C/
M"UVI<B`(?'"&A-J'49@!'.B4=QB%%4"!57,&&IB^(:30!\R)1>'16>I1>G*H
4$\S.('0E*W$E)^0AT`C)X0@(`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>74
<FILENAME>g147201lci002.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201lci002.gif
M1TE&.#EAJ0(@`/<```(``0T*"PD$!Q$-#Q,/$142$QD4%AP7&1T9&R$='B(>
M("4B(RDE)BXI*RLG*#(M+C,O,3,P+S8R,SDU-CLW.#TZ.CY!/$$]/4,_0$)!
M/T5"0D9)0DE&1DM'2$I+1DU*2DY12E%.3E-/4%-13EI:3E524E=95EI555M7
M6%M85UY:6F)=76)?8&1A7F!C5V9B8FEE96MG:&MH9VYJ:G%M;7)O<'-P;G5R
M<GEV=7IW>'QX=WUZ>F]Q:+P7"K<7#KPG$;TU,X%]?<,,`<<6"<L;%<4;%M,=
M%-<8"LLJ"\LH"L8C',DH%LTT"LDU%=,J"=@E%],Q#]0U&,@E(L@S*LDV--0G
M)=4U*-<V.M(O,.0L'>4P(<T]1M<[0MA"&-E%.]A2+.%&-.5P.-YR,LI"1ME'
M2=I61]=66,Q/5-9<9]IE2=EI6,YC9M5F9]AJ<]UT>-MT:N981^-:6NA$3N)9
M8>-V5.=L3^=S8^1Z>?%M:X)_@.EXA8.`?X>(>=^"9>B(7^>*<.VC?86"@HF&
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M]/SU^OOZ]?[^_O?W^._O\"'Y!```````+`````"I`B````C^`/L)'$BPH,&#
M"!,J7(C0'\.'!1T:E"A0HL5^%S-BK+BQ(\6+'3%2)#@R(L23*%.J7,FRI<N7
M,&/*G$FSILV;.'/61`>C0X@0)4X(+5%BA5$5+U[,6'H#AXX]>P))'40H4"%"
MA@XA4C2)T:2NDRA9PI1)DZ9-G-)V`C6JK;*WS9X]BR8MVK1JV;*="X<.73IU
M[?#-PY</'TB=B!.W'%F2X\;#_BPZE.R1LL-]%2=G]D@R9&/&$QT_;*RXM.G3
MJ%.K7KT8U*)#A`85"A1D!XX<.7`TU;UT:8S?,5X@?6$"18D/(DR44`$TA(;G
M%RH\KS!A`@4)$JI+@)`=`O?M%;S^.W#PH,+V!@LB/&#@(,*$!@^J7[@`O8.(
M$R$^`#U10D2($S+`\,(*+\``0PPW)-A4#H'H$$0@@F!ER(1;(<*(5V)A8DF&
M&HZ5%B>@>`+*B*/T\I8RS:383#0L2D/-B]GPA8XZZ?RECCKX"#;/CO7XPX^/
MFAW&VI!$%FGDD0N1)MI`C(%&DI*/):3904*&)))"D77VI)160CFE24PV1"66
M2$;D8X[XM'/C7^B<DPTVU50SC37/I%AG,\JP!4HGG7SRR2:98%)))9=<,@DD
MB$JBB%:)(&+(;%<-$D0."=8P0PV6!O?;"RRPP"D+*ZB`@@HLE&"<J<I]X-,'
M'&!`WW/^&G2``:P:S/K<K/-I,!^NN3[70:R_=M#!!QYDD,$&&XP0P@8@$+O<
M""FD,-0**`AE%($M#+B"@"_(,(,,WM(@[@PX[*"#;CL$L<<@4P4BFVR'*+*5
M(O(R(N]6CW3EU5?\\KLA)914`G"'8V&BB<&<8(+)AWQZXK"((IJHC(G++,/,
MQ<Q`8V>*+'9<ES745$.-BW%F$V><V*QSSLHKKX/..C;>*//,.-*,SS\U__,/
MFCG^(P^:_O`L=-"&16;TT8]E*5*593;M]--'?L31E!]1':654&<M$&9+$XTF
MCCC33&,ZZZA<]CG8P!FG-2!3$\V++&K<S,455SQQ+R.&R(G^)YUX\N'?"0>J
ML(8=AA76AI,\\D@CC3#"...(-#(O(K`10LA5L[%;FX.ZT;!;4S?,0,,,,,@P
M;E(MK-"""B:8P+H)V:KP.@@>C$#[L1Y\``((R/*^@0866+"!!QL$'WP&NF^0
M`07&'JNKL;U^H(%T\V50P7S17:\]?:]&A\'WND87W77638"=^>974`$%ZE^G
M/G7J6\?^^NU/8![[%)B?OP3L8V`>=A0(H'4JT"KQP4]]V=,>='0E'0VPB@,<
M>$X$(;B!5VT`@AS8P`<V^"L-YB<_&R06"$7@GY]LD'@;S"`'0IB?%8;``RO4
M``5#^$`:IG"%*R1*?G)'PQVN,'?^)7CA3Y(3Q-:!T(8B"*%_E!@"$7C@)S#<
M8`N)]8'CF!!6&?P)!#O`PQ3"L(LV9!6K?D<K#8SP@C>4W@\AZ`$92E$#G-`:
MF0K"M25Q;228<=(=11.DJW6),DN2HR"+)+6C\2,?/\J'(A>IR!TY<C#L8,?,
M<,:F&\V(1GUA63@T&0Z34<-DV?CDBT8)M[FPZ$XJ2A$SE+$,52ICE;VH6RR7
M`8I>Q/(M)<J;+4<!L8<Y;$1^^QN?.-$)37#"F`D[IC$7IC#!#6YP"6/F,0<7
MBE!0\V"AT$0U,3&P8Z9E<)0(!26>>3"%4>(1E.A7.@OVE7-^17'M[!<Z,3$)
MQ"4.GMS^3*>_!O;.Q#$BG?E*)\`&!E!YOE.@_?)GOA[!B(`J3I\(_4I#$P>P
MA1K.G?JD:#W#`E%^*0Z?`VTG-\>23G.:,T.6>$0V!LG2EHX&3%H*TQ\[\Z5"
M9L1JGI$I'UW*TY[Z]*=`#:I0ATI4U$`)(D=]Z1R=Q+2K@02G,06-U/RHD:F%
M"3*<>:I3K[K3/FZUCSBMJM7$6AF=AM6J677,6;4:)*VF-4J3<2M9VZK3HMKU
MKGC-JU[WRM>^^O6O@`VL8`=+V,(:]K"(3:QB%\O8QCKVL9"-K&0G2]G*6O:R
MF,VL9C?+V<YZ]K-<"@UH1TO:TIKVL88YK6I7R]K6X@04EDC^2S0<4H]1<`)%
MZAA(/JQQC74<Y`4QZ`<^T"&1'`TD'>?`1T3JV`](Z$`E^^A34B4[7<)6U[78
M'6T%`A```!Q`$/UHQ@$&`(`"5$`:`KD%`A3``X-$PP"0Z$<>$``*X8J``LKH
MQS,DL``"K$`BZ@A!!2:Q$4,H8"2@6$$F%'*.]*0#(<U`A'(+$IB!9"(1X2@(
M/LXQ$./&9,(/4<<H8H*.#(_62T.Z;G97S)H.%*`1.!C``]H1C0-\`!(7`(`,
M!/*"`2@@`M@HR`T0L-(<&*"^^*#``>J+@@.\X`(W&`@H!A"`$$B$&@YH!D$$
M`8`H]T,=+Z#!2+*A@`FT@S2]^,#^,@RR""WWXP4ET$$%J$&02I1@(#-`Q-70
M48FF%@04'X`!#M#QD&C<V268,<0,0B*-($P"Q"M11S2:8>)^4&,4D!XN<44+
M4PU+`M(UB88SYB@F%IO:L1H@P#6L80`&T#@!..A'(`"@`8PX0`$2&`"!-2."
M"0@D"`<8,3X@$(#\CD?+=>SQ`A+`C(%4(!$=*80`GJO?`RP@&@+Y"Y8IT(Z$
M9"*_FN'$`C*,#AWDE@:#Z`@D0C"0%13"(-4P!$H0(8)^X&#126T&"E[BD$,L
M>B#4Z,`A3@#M@J#C!@Z9\)<&PAP5!$(@G-#`"C3`88R\X#YK+@@-JE&01<C[
M(.K00*7^;5*(0QM$&4%8"B8DTHG0!0+;!\''@@4B:H%DHQ"#X/A`HO'@A#1C
M$)C(K4"4<8@1"T3FB,COT3D!"4)7I!.0$#I!AFN0<)SL'$FMQL@'@@A,"`0=
MH(#YUWOA=)J#0NB0B&-!P@&-GF>[&5+O1SIF>Q"1?20:U1C)/_S286KX-K+3
M5;&*28V2#2P`>`I81#^@X8`*/*"[>E9&``9QC0!T@"+X:,".^[$#`M17'0\X
M0'X#$8`#7,`0RH6&`61@B`!LOA\H\+)`=-#E7Q_@UN<X1`$2\(`$5"#N'>]%
M1SH1@HTS:1DE,+I`(+%O@<A`S\WPQ"0Z(5PZ]^,<E:#^EZO^L8Q.C`01BZ;$
M"C9R#FD45S/.:+X_@(\217.$$>P.VD3H/(EW*ZD9O^\'9JH1@MQ"XM"]P&[[
MT!@?('8.H0,T0"7M<`)E1Q,.00@M@#66(`/-@`[1@&']<`,Z(`W<]P(/9Q#/
MT``3E@<JT`_94`&9D`F*MS41$&6DP0@BH`R)$`+*A0,T``TWL'DW<`C*$`(/
M%PX8``F9T`'@M@)!D`D:T(#AU7P`1P`%P``$0`!N-A#2`&+XP`@BIV$94%^5
M`$<TP`@"80@HT`DO`&W^L`(V,`D:,&*3<`(%@0DRP`DW)A"+$`)=J'V%\`*0
M<`+6-Q"&$`2(\`'H%0T54`B%P(#^0Z<!BA`)F-&&F(`"AQ!8@Y<DB8%BHZ$!
M"``!"!!KB\<`Y?$!B>`0-Q``._`(#(``U)=P"[!Y.!``PB8!!3!B_O"("3``
M7D<(`;`)UO``$J!S8<81.P``"=@/H&``#I`)S3``$)`)-9``%\!^`Y$(PO=U
M&M`,DZ!E"7<"9O9^3/@"\H8"%9`'&M`./6AI'3`##N</F;``02`"[[81BL``
M0<``'V<(*T`#,D`CBX8/.N`/RS!^RD`ZS^4)#Y<-*X`/O6`4-)`'_5`)*W`#
M^#`-878!^"80ZH`"@2!TFT!GT8`.,O=F#O`,_J`(AC"%#I$(#W`"@:!<F>"&
M7_8!&5;^"`]``V)'$"70A[/'B1AA2]4`&!^`(]87#<S@$.F@7/+7#Q7F#]DP
M$G]!$`^&""6X=A6P=9Q@<D@Y`5.X<Q0P@BRP>!(@=9B!"0Z0`F-R`P^G#A-`
M#?B@`;F%#Q*`;>^H#!407EXV`SEP?1=`:!]07P3!#!^@89,0`0+P`I,`?#*@
M<P*A#S=9$">86Y9`?>48#G-F:26(#AG9#SKP`I:6?QO!"70F";76#XA07T&P
M;\T@`1QV;P01#59F;SOV`EX&`^F6@4'086O8#])P`I,X).4`#.0P@.50#OUP
M#\0`#,<`#./0#_9`#/30#_3P"\89#/?0#^8`#/:@G,<@#@3^,0[!D`S(0`_)
M\`O'`)W-29W```S)$`S)V0_A20S\T`_B\`O%0`S&4`_V$`S(@`S`8`X&$9_`
MT)SW8`RN4`S720_!0`S((`SFP`_T.9T*`8N3(`$'\`GA90#_9I$-$``%4``(
M<``ZV0\1\)?]8`@"(&_-D``)0&?0$#0G,`!Z5@$+X``-D``$H&?]H`(V0!`[
M(`"U:8('X&N<``#R1@T),`'*!6H.`0D9UP\P`%Z(4)/]8`/R)A&7,'X.L0+0
MA@+Q90@HXH8KH&?J<`'A4`D=T`_6$)H"@0AKF`@OH(X=D%N%<`/H4*;X8&7.
M,'X98`CJ4`)!H`X0@`Z#0`/J,&#^V6`#$M`/*\"'Z?`!B-`,#7"A7S<#&L!D
M<:2DY^!K.@"3AS`(D[`!HS80U7`.`2=OB#",^W`"]04-T6`(>1D1BTD0.,")
M^"`#+6`#"2`)^G`"T;`"E=`/>T`NL28).\8)M7D.)X`/NRH#):!E[,`#+N`"
MJ:@#),`'&C",!"&'G'$#]K<109"`(Q$-%"`1@1!<OAH"GRH0'Z`,A@"E`U&5
MRC"N_1"0&T&8')$(=Z89)0"&_(`"C2H"2NB7![$"`$!@=10T*#`-'=$.*K!U
MRC!^3+((>]`/D\"$A5!V%REOZM`!.%D10?"A[?"E_1"H-#>.&R$I-J<!^)`!
M:D<(FHG^#_0A"+DU"F[H$$&PL5#C$+Z`!&$0#^/P!6K0#Z^`!&D`"%`0!_TP
M#%``"T#K!&K0"DF@M*W`!+/0#ZT`!:U`$'VP!%^`!+Y0!TS0!4B`!'W0#^3@
M!TR`!%W`M$"[M3_0#<GP!4[P!%'P`[-@#$[0!4WP`VD`#P3A#5OK`[/`#W3P
M!$.P!&/K#5'0!$T@M'7P`TWP!PLQ`0!`#97@76X#`)JY$8D``#40)XX```FP
M4@Y1`A7@$-FP``/P`0L``+&F#D7:`0.``-&`"0!``93S`@!@I/W0`>F6)3@@
M`!<@`Y5P#KZW80D@`9VP!P=0NJ"@`=-($)/0;`UI`((V`0G^J`P$)FO6V@_+
M(*+]H`$+]@)Q-`@KXH8:H'0KT`N;``/]$`T8H!F&L'F)T`PX\'&Y&0UN>)'Q
M*@/M$`$X0`BRB9DX<`+5\`D"2`WC=P.]V@DBB@@N&"9(V`\U4%^3,`W94&N'
M$`CZ`&N+X`"U*36C4&M[>'0A``T$P0(KR"0$'":Q*A!J*!`=P`C\0!T$1@T,
MP`G-L`"/-I4E\`"RIID7H'B(L`&NZ0_6<`'XD`@:4)0=L+T.L0DN21`Q8(8#
M00CL%B;@.F'PZA`1-YN@P&Z8\,`%80T1$`,-L`/]X`G>ZJO;NE]9&8@3=@,+
MH!\&`;`&@0(``(:3@0^/\@!F:<+^_M`.(X"82>JP7)P`V":RF%%T(K$""T!H
MBIF5F*$#!P!SD7$"!\!A,A")<J<!B%D#-NH/$Z`.B/",Z%`!O2IBV1`(4=8@
M&T$(TCM(\5`&1J`-K6`$59`+=4`$LM`/7E`%V_`'1S`'\``'O,P/7C`&Y&`&
M1G`&[W`&6.`.6^,/=]#,>L`-95`$<7`*9"`%X"#,6W`*<V`$;/`.7J`$>K`*
M]1`'4J`'I6`%2J`+VT`$9&`*7E`$N+`1^U`&/X`'JP`/J-`#9J`*7D`$MM`-
M2@`$I"`'18`&IU`%0"#-"0$*D]`.^X`)A!`-ZK`'?`EQ-U!Q?$R3^M</AX``
MUM>#%<#^N\JE#CC@``=``0L6"`P`AGCY`)OT`$KW:P.0```P`^%@`!G0;P!`
M``P@8_X0!`#P@1P!"=++=GBB`@36#`_`")QP`1V-$7%6#4%`@_UP`IL@:Z]4
M:YGI#\HP`?L`">S;#!"@&830E=F``NC`"1V@7/9XRO@0<O'Z`O-P`8-HPM6P
M`,\U"DC<#P&(F0LFEY@1!#5`$)"07^<PUS001Y/P#(_=#X6P`VY9"9]P"2:\
M&?V0"7^I#")ZF@4Q`U1<$2:P4ARA`]3F%+^F9[V77\H@`3OP+0NVU48H""&`
M=X<J7!?P#!O@9AH0#2C0JPVY8R/1#&BZ$3O`OA3Q`7I,$-3^H`%9$@C;JPYO
M"7L)T`(5X`"@)A`P0`B6]@!N8Z7](`/QU0_H(`$%YQ#3(`'HU0_34`$FC()A
MTKU88P(`4'`=A@\HT`RI)5PGL'6%X+`#,0E1E@C(W0^"@(U?)@,/IYA+6A'X
MT*T$<0XM4)LZ,)OH<`$<)HH?EPX40&@ST`$+P(0"<0X5D,1K'`A9*4BL\`1X
M``=<<`5P8`5D,(`Q#@=7<`56$`=/8`:880I*$`=7(`=4@`=/X`8"80\.80=$
M@`K]P`]P4`6ZT`^H,`2R\`9'$`O]4`M/<`?<L`0Y[@_Z8`5P$!G&K`W:,`1M
MT`]J8`3YO*#P,`53\`V1409/8`K^_=`'0Z`'W?`$:+`/9J`$W%`/5D`%$AT3
M2E(-+DH09U80ZA`."F>4%LEAB/``(Z$.*T)I^Z`,EKP)DQ`-;-$/X8`(2M@/
MU>!V.S</0Z<4VN>4./`".6!]D*!EF2`R9WD#B5I?G:!XT?!Z_4`)%S#`#^</
MO*ZLZ%4#]_A<RI"C@9`"AQ`"7H>9&9<4F*`K&1A'^+`",X`)!O!<$F$(&N`)
M(1!EC%`"H/`";G(!(1ME.G`)U=`"]>40RB`#T*`,&E#M-``)T=`!#U<(.)`.
M.*:$_K#"!`$N&,$)&:`._N``C(`/'7`)$-`,V<`!^=`/F,!AV4``DX`.F/ME
M5DV,';#^#RV@9^TPXAV+$0IO$#J0WN$U#^$PW!O!")Q)$/K0`=KG;LUEW!,P
M#=0@`;74#"'P<041`I0@7!4P"O]0`0\&>MB&#R<`\\)%`VOF$$,(WKT[$,Q0
M;P:A`GF,-2N`F$@YX`/1B/@V"@_6#.[N#-0M7#O&?1B1">PF]=@V&<W@$+UP
M`9'1"<J%"7_9AA!GE8RP>9SPO@)A"0X@=!)Q#@T?#2@K$#6P=7+T#F20!56P
M"GKP!%70R_U@^4_`!;S`!5J0^0+!#56@!5NP"UZ0!5)PY<4@!H#@#W9@!*K0
M#_J0S7^`#&%0!-I0"D)0!\?@!T;0!M\@!5/@"LFP#V1@!:[^(`Q6@,_:<`1O
MT`]0S@WD(`9^0`Y>\`.`4)]W,`1TX`M?,`2IT`U.X,QE4`6'GNB+7FHCC356
MPEP"00C53A#TOQ"8@0/"CA.[>5T`<4Y=/X(%#?;;AZ[:P(+11N$CN&_4*(+X
MUB$<Q2A:P7;^*DY"Y*Q9/VH,\1D*DFFC04PS('GLQVC&I'[J,/5SUJD?NAPO
M#$$DZ"_0C!HW"89[L0(106LT7M`8>=`?BG`'(868(:C?H`XT/H#R%V0?)QG^
M=H20H>(<P44#9R@CV$F#C0\ZH9T(`H-1OW0E5@0Q$`C?#9@$U<F`$:A%"73]
M>ET(<@A%B6K]\!5:6Q#3!)DH&H_^<D`(Q8E^?_MY!'7A(,%&%5IJ@(@#!:<2
M-P@&,M#)$BB"*!9TFB2M7[L*03`UH':0V8?5_4(`6+JZ&5##(ZH&[:>,=+\3
M+WCB('@B3S6GCAV,DA;"4+]S$RH7?,%(W8D9!"LD"O=AO;H/^"M4,@B?%4"A
MYH*]"+HA$X+:D4$3?`:QK9\7<,`GD!6:PS!##3?D,$-6GMAB'UV(0,,CCTP1
M8HU^[A"B#8/8$$*4?MIH<1]_4.D!B'W>$,*4?O2!XXDEEBCB#'^ZH6((*)3H
M044]E!AB"G)T*6(()9;P`9=:4NQ'C2&X&48(']"A!4H?9OEFBQ^>*,*,>+09
MX@Q]RO#^H1MRK*#BG0[WY+//U?PI;,]]I/*SH$";&[30#0]5M%%''V6THA*N
M"U`=AJIY+T"/HG$FT0`-"@>3Q@SCQ)F"U*D$%&G\J02%/SM!I))T"@H'I$Z`
MZB6$U9:A01&&^HD&!T8@RN17?#*ASJ!05LAAU'X@B8$1$Q$)(I`:$MDIAR!R
M@(&W?J29806=#EI&A.88B6&9#OV9)-E^LJE@UG.<HI"@=')800>&,#E!*8^:
M@<V@:%:8$*AH7GB!D$2CB>$%2%93!@49L#V*$(-:E>&&6?L)QRD:A'LTY$;Y
M@447A%3IQJ!W2-FFGVY(2?FT(V%V&15X"')'#U7Z&48/;OKFJ<<+*U`II11P
M".*&%%%L(:66?OBQ10]2].FGECMHH<64>N!AN1]M3'GG'51L\6B8HN7IYQM4
M[I!E4')@R85G4_;AAQ:R1<8[;[WWYCMD&S6,]#1",XPT<$,)7\;==?LVB)/D
M&HT&&L8G;ZX9&28_04'#,?3HAAP$+W3S#?^FO/3%&:\'#"-P`=UTUU^'/7;9
M9Z>]]N9$9Y1TP#<7?='!#^^]HDSY;F9X/Y=9Z?0]@S>(>=MKC_0.+G[.O?G5
K/.T0>^R>Y[Y[[[\'/WSQQR>_?//SUL>=\]=GOWWWWX<_?OGGIS_^@```.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>75
<FILENAME>q1-2013mdacover.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 q1-2013mdacover.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X0!F17AI9@``34T`*@````@`!`$:``4`
M```!````/@$;``4````!````1@$H``,````!``(```$Q``(````0````3@``
M``````!@`````0```&`````!4&%I;G0N3D54('8U+C`P`/_;`$,``@$!`@$!
M`@("`@("`@(#!0,#`P,#!@0$`P4'!@<'!P8'!P@)"PD("`H(!P<*#0H*"PP,
M#`P'"0X/#0P."PP,#/_;`$,!`@("`P,#!@,#!@P(!P@,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#/_``!$(`I,!
M^`,!(@`"$0$#$0'_Q``?```!!0$!`0$!`0```````````0(#!`4&!P@)"@O_
MQ`"U$``"`0,#`@0#!04$!````7T!`@,`!!$%$B$Q008346$'(G$4,H&1H0@C
M0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I*C0U-C<X.3I#1$5&1TA)2E-45597
M6%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJ
MLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:X>+CY.7FY^CIZO'R\_3U]O?X
M^?K_Q``?`0`#`0$!`0$!`0$!`````````0(#!`4&!P@)"@O_Q`"U$0`"`0($
M!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R@0@40I&AL<$)(S-2\!5B
M<M$*%B0TX27Q%Q@9&B8G*"DJ-38W.#DZ0T1%1D=(24I35%565UA96F-D969G
M:&EJ<W1U=G=X>7J"@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>X
MN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR\_3U]O?X^?K_V@`,`P$`
M`A$#$0`_`/W\HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
M*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH
M`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBN:^+_Q?\._`;X>:AXK\
M5Z@-*T#2S$+JZ,$DPA\R5(DRL:LQ!=U'`.,Y.`":3=AI7T.EHKD?@M\<O"_[
M0G@A/$G@_4_[8T26:2W2Y$$L*NZ'#@+(JM@'C.,'MFNNH335T#044V>9;>%Y
M')"HI8X&3@5XS\'/^"@_PC_:`\0S:1X.\5/KFJ6]G+?O:Q:5>I*(8BH=L/"N
M3EE`4?,Q/`-)R2T8*+>Q[117F*_MB_#O)$NOM:N+2VOQ'=6%S;R-!<W1M('5
M9(PS!YP4X!(ZG`()].!R`?6FI)[`TT%%%%,04444`%%%%`!1110`4444`%%%
M%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444
M`%%%%`!1110`444CDA<CM1<!00>E&1[UX?\`M"?M477P0^*N@Z&;&QET[5HX
MI)KN:1E-LIF*.V!P0%&:AUCXO_%;QS"=1\$^$=-M]$==]K-J\H6YOTQE76,.
MNP,,$!^H(/%>3/.</&<J<;RE'=)-LZ5A*G*I.R3ZMH]VR**\$_9X_:[O?'OC
MV?P=XNTA-$\2PEU7R\K%*R#+(58DJVW)')!`[<9]-^,_QCTGX)>"YM9U=Y/+
M5A'##'@R7,A!PB@_0DD\``FM</FF&K4'B8RM%7O?2UM[WV)GAJD9JFUJSKL_
M6BO$/`7Q!^*_Q@T-==TVR\)^&M(NQYEE#J*3W-Q/&>CL490%/8X!/7&""9_`
MW[3.H:9\4T\#^/-,M=&UR<`V=Y:R$V.H9X7;O^9=Q!`R3D@@X/!SAG%!\CDG
M%2=DVFD[[>E^EQO#3UM9M;JY[/N'K2YQ7A7QK_:DU;X+?&?2-!O-)L9=$UF2
M!DO_`#75XXVD"29'0LIR?3!6O<C*'3.#BNG#XZE6G.G!ZP=FMK/?^F14HSA&
M,I+1[#MP]:6O#/&?[7T7A;]I2Q\#+9P264TT%K<7AD(>&:5<JH'0@;H\G/&6
M]*]R0\=,8HPV.HUY3C2=^1V?DPJ49P2<EOJO07(HKR[0/C??^+/VA]:\)6&G
MP2:/X>@5K[4"S$K,PR(E`XR2<<_W']J\?^(O_!07Q%X]_::O?@]\&?#NDZ[X
MET@N-8UK6IG32M(\L@2@I%^\D*,P0X9?G.T!N2+H8NG53E!Z)M?-:.WS"5&4
M79]KGUC1D9QWKXR_:J^.G[3G[)/PXD\87"?"CQAH5BR#4EM-*OH+BR5F"B3:
M;C#(&*@D'(+#(QDCU+]COXN_$_XZVFG^*]=N?AA>?#_6]+>?3IO#_P!O&H&Y
M\Q%"R+.`BJH$RL!E@Z@=`2=545^6Q+IM*Y[WGZT5XQ\=_CSKVHV'B+PQ\(+G
MP7KWQ*T$*+O2]4U/R9+%70,K^4!^\.&7`9T4%AEB1MKA]=L?CYXRMOA5XLT_
M5+OPM<PZE86OCOP?)#9S120BY1+F>"?:Y"E-[[5D.8V&TAU(9N:$H]SZ?KY\
M_P""JEG_`&A^P!\28P`2MG!)S_LW<+?TJ7X6_M0^))/C[\3_``KXTTO3]+\-
M^"K^UCL?$7G>1%.MZ8S:VSHV0TG[T*75@,[05!()?_P4[8-^P7\2R/\`H&I_
MZ/BHD[Q8XJTD<I_P1LLQ;?\`!/CP;(%93<W&HR'/0_Z=.N1_WS^E?4U?,O\`
MP2!(7_@G3\/6QT&I?^G.[KB/&O\`P4L\6?&OXY7OPZ_9\\*:7XKOM+8C4/$6
MK3,-(ME4[6=1&5+(&X#[LL0=J.,&LZ<U&G&Y4XMSE8^S;J(SV\B`X+H5SZ9%
M?D1_P0/LA=?M@>(IF!*Q>$+G'JI-Y9C^6ZOMRT_:`^-O[/=U;7?QC\.^"M6\
M'7$J177B#P=/<#^P]S!1)=07`W-$"?F>/A`"37QC_P`$!XA_PU-XL)'S1^%9
M1GD<&[M?\!45)*4H^I=.+4)/R/T8UK]BWX=>(O$>F:O>:)-+J&D6<-A:R?;9
MP(X87G>-<!L'#7,K9(/.T]47'JHX`'I0#D9HKI2,&VPHHHIB"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"FRGY#3J23[AI,:W/DK]N/2H=9_:0^'=G<('
M@O6A@E!&<JUT%(_(FOK.&%8XE51@*,"OE/\`;/G5/VIOAF"2-DULQ^GVP?X5
M]7)]T5\UDJ7U[%M?S1_]).[%?P:7H_S/DCX[Z9'H_P#P4&\'3VJF.6_-E-,5
M&"Y\R2,G_OA`/I5'_@HEJTVL?&CPCH3QW%Q:Q6B3BWAY>9IIVC*J.[$1@#ZU
ML_'&=;K_`(*#^"T(P+>&U4^OWYF_K1_P4(\%ZAHWB_PSX]LH6GM]*\NVN&'_
M`"Q9)3)$3[,689['`[BOG\=3D\+C.3;VJ;MV5KL]&C-*I1O_`"?B>KZ;^T)>
MP6:Q1_#3Q]#'"H1$6QA554#@`>:,#%>)?M61>*_C7XJ\-ZKH7@/Q=876A[P[
MW-HH+G>C1X*,W0JWYU]1?#3XA:3\5?"%IK.D3I<6ER@)&07A;',;CLR]"/Z5
M)XP\>Z/X&>Q34[R&VEU.ZCL[2(G,EQ*[!555')Y(R>@')P*^EQ>`^M87EJ5_
M<=G>T>Z:MIZ'F4:WLJEXPU^?^9XY_P`%`_AH/%WP9CUJ"%FO_#DPGROWO(?"
MR#\#L;/8(:[KX&?%>'QA^SSI7B6]G!:WL&:_D[B2$%96/IDH6_&NX\0:#;>)
M_#]YI]W&'MK^W>WE7U1U*D?D:^'?AOK>L>%[+Q)\&OW[7VM:[%9B:+[L<.XK
M<O[*8T4CV)KCS&J\!CUB8JZJQY?^WX_#]^QK0C[>A[-_9=_D]&:/Q8^$]WJG
MP"@^*;K)%XBU'5WUB<KD^1;3N%B4>H4K$0>P=J^H="^,]GJ'P#A\;3F*.U_L
MPWLJAN%=5^:,'UW@J/4XK;\3^`;#Q+\/;SP\(HXK"ZL7L50#Y8T*;5QZ;>,?
M05\=_`W5]5\9Z%#\&KR.9&7Q!YU\6X6&SA)DGB]B98QCKRYKGFGEF)2AK[6-
MEYU%L_\`MZ^OH:Q?UFG[WV'?_MU_Y6/HO]D'P-<>'OAA)KNIEGUSQC.VLWSL
M,$&3)1?8!3G'8N:^.?\`@DFH^$W[=?QO\&^)"(?%5S(\D#S??N$BN9&D*D_>
M#B:*0>JC/0&OT=@A2*U1$1514``'``QTK\YOCOXQ\"_M"?\`!42_\+^-]6M/
MAE8?#W3C]AU^UOUTK4M6NRL#!&O"0%0)*Y1?O?NR0WSD5]-0H1P]*G3B[\NG
MKIJ_7J<+J.<I-]?P/J[_`(*-_$'2?A[^Q/\`$>YU::)(]1T.YTNV5B`9;BYC
M,,04'J0[AO8*3VKR;_@CMHVK?#;_`()])JFL0SBUNKV^U;3H'X9;0*H`&>@9
MXI6![AL]ZUY?V:O@1\3O$FEW/BCXF77Q*?2Y%>TL-<\;I?6J2#H?)1U5B>^X
M'<.#FOJ6WT:SBT1+"WM;:*P2(0I;H@$*QXP$"C@+CC'3'%=$8MSYO(RYER\O
MF?,G_!/WPWX*^+ME?_%.Q^$C^$M3UR[>\MM;UF[&H:GJC2%C+/&[Y:*,DX&T
MJ&!.%VX)^J,>YXKY<^%GQ0\3_L]>+?&E_P#&#5E2QU7QA8>#_!UK:6HMK(V[
M@&*2&('`4K/^\8LQ'V=EW'8`/I&]\7Z9IEGJ-Q<W]E;V^D`F^EDG1$L@$$A,
MA)P@",&^;'!!Z&KI[6%-:GCW[?OPBT/XJ?L_7UCXC\4Q^"_"L=];ZEX@U%54
M2RVT!W"-&/21I%A"DACD`!6.!7!_M9_$+3_BM_P2<\2>(M)?49=,U7P]#+;2
M:@RM=RQB:-5>4KP78#)QW)KIOVT/B'K5_P"&=$L-!^#6D?&?1-=GB$5S=307
M6G6$S/L262$H[,@#;O,7"J-Q++WS?^"B&AP?#K_@F9XVTVWM-(T^*QTJVMO(
MTVT%K91%KF!2(H@3Y:98X7)QD<GK2DM7Z%1>WJ>*?!CXG7?P@_X()?V[82-%
M>1Z;J-E#(IPT37.L3VP<'L5\[<#V(%=%_P`$&/AY;>'?V5];\0"-/MOB/7I5
M>0#DPP1HB(?H[3'_`('6=^R!\)IOVAO^"*$G@ZUS)?7UGJB6B=`UQ'J$UQ"O
MT,BH/Q-1?\$(?C!:R?";Q1\-]0E6T\1>'-6EODLIOW<YMY%1'^0\DI,CAN/E
MWJ#C(K"F_>AZ&DW[LK=S[J\5>&;/QCX:U#2;^(36.IVTMI<1$`B2.1"C*?J"
M17Y<?\$*=`?PO^UEX[L9)(YI(/#0!=1@'-Q;M_6OT9_:9^-MG\`/@YJ_B"Y8
MO>K&;;2[5!NFU&^D!6WMXUZL[R8&!T&2>`2/S;_X(*K/:_M3^-8;HN;C_A&"
MS%CD\7-O_0BKJM<\4337N29^L*?=%+0!C@45TF"84444`%%%%`!1110`4444
M`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`
M4444`%%%%`!1110`4444`%(XR!QFEHH`X+XB?LY^&OBCXRT[7M6AO7U'2@@M
MFBN&C5-DAD!*C@G<>_M7=QKL7&,4ZBL*6&ITY2G"*3EJWW?F7*<FDF]C@]>_
M9V\-^(_BM:>,[J"\;7+)HVBD6<B,;/NC;TQ7::MIEOK6FS6EW!%<VUPI26*1
M`Z2*>H(/!%6***>&I0YN2*7,[OS?F$JDI6N[VV/''_8E\)V6IRW6B7_BCPNT
MYRZ:3J;0(?;D,0/;/':NA\"?LT^&/`>MC5DBOM7UE.%O]5N6N[A!_LEN%/N`
M#SUKT*BN:GE6$A+FA32:\OTV-)8FK)6<F(%`4+V`Q7$V?[/WAJR^+DWC>.UF
M77YE*F3S3Y8S&(R0G0$J,9]SZUV]%==6A3J.+FKV=UY/N91G*-^5VN-9<@#!
M.*X[PI\!_#G@WXCZIXKL;22/6=85EN)&D+*=S!FPIX!)45V=%*I0A4<935W%
MW7D_((S:32>Y7U348-'TNYN[F18;:UB:65VZ(B@DD^P`-?GK\+O@'X?_`."Q
M7Q`U[XI>*;(^'?"6CWSZ)I%MI<2V^IZJL:1OYMY.=P;"NH"JH*Y*AL+\WZ#Z
M_H\'B'0KW3[I2]M?0/;RJ#@LCJ58?D37PQ^R%HWCO_@F)JWB7P-XE\&>*?&7
MP\U+4FU/2?$?ANP;4&MBT:H_VBWCS(@VQQYP#M96QO#;@JJNUS;%TWH[;G4^
M)_\`@AM\$=5T:6&R3Q3I5TR$)<Q:GYA1L<$K(K*1GM@?A7D?_!)[7/&7P(_;
M5\?_``-U369]<\/Z#:W,T0<L4MY()HD26,$GRUDCE^9!QN*\Y'/U)XJ_;YTZ
M_P!-,?@/P-\2/'>LR*5BMH?#=YIUM&Y'`FN+J.-(USU(W8]*ROV#/V0-=^#_
M`(@\7?$CQ_-I]U\2OB)<FYU!+/FWTF%FW_98VR=V&QN(X^1`"0NYH5./.G3'
MSOE:EJ>L_M`?LT^$?VE_#EIIWBO3FN3IEP+O3[N%S#=:?.,8DBD'*G@9!RIP
M,@X%<;)^R/J-M^U)K7Q'L?&E]!8>)K6"QUCPU-8K/87\,<2Q?-EQA\*</C(W
M$<J2#[>.`!Z45NZ<69J31Y1^S+^Q=X!_9*L]2B\&Z9=6LFJS-+/-<W3SR`%B
M1&N>%1<@84`D*-Q8C-=3\=O@EH7[1?PKU3P;XFCNI=$UCROM*6\QAD81S)*H
M#CD#=&N<=1D=ZZZBFHI*UA7=[G"_L]_L[^&_V8_AM#X3\*17EOHUO-)/''<3
MF=T:1MS?,><9)->>?&K_`()N?#;XR_$4^,@GB#PEXN<YDUCPUJ+:==2MC&]B
M`5+XZOMW'N37OM%)P5K6T&I-.]SQGX7_`+#_`(5^'GC"T\1:AJ_C/QSX@TT%
M;"_\5ZU)J<FGY&"858".-C_>";O0C)JO^S5_P3\^'/[)_C6^\0^$;75XM4U&
MS-A/)=W[W`:(NCXPW0YC7GT%>W44*G'L#DWU`#`Q1115DH****`"BBB@`HHH
MH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
MDVC&*6B@!`H'K2@`=***20!1113`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H
MHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H
MHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"BBB@`HHHH`YKXS_%33_@9\'_%7C;5X+VYTKPAI%UK5Y%9HKW$L-O"\SK&K
M,JERJ$`,R@G&2.M?/?C#_@L%\*O!?[$_P\^.US9>+Y_#'Q-U&RTG2=+@LH&U
MB.ZN)&C:*:(SB-#`8Y3-B1M@B?&X@`^O_MF>`-7^*_[(?Q3\+>'[3[?KOB/P
MEJNF:=;>:D7VBXFLY8XDWN51=SLHRQ`&<D@<U\#_`!!_X)D?%_5]&\6^'[?0
M[.[\'Z-H]CJ_@S3DOK6-QKNH3:>=81MT@5?(^PW,BN2%?^U)0I8@TZ"YJDHS
MT2Y&GWUES+YI)7^R[=PQ/NT(SIZR?.FNVD%%_*4F[?:2EK[I^@=[^UA\+--^
M)>H>"[GXE>`+?QCI%F^HWVA2^(;1-3LK5$WO/+;F3S4B5?F+LH4#DG%)X2_:
MQ^%?C_2M?O\`0?B7\/\`6['PI&LVMW%AXAL[F+1T9/,5[EDD(A4I\P+D`KST
MK\_OVJ/V2/VA?CQXVL[&U^&::5HWACQEXDU58M&?P[IVAZO!J&FZI:VU]&?.
M:_FNV-Q;FX:?[*-\LS!+@;&C]&\:_L>_$?X=^#O!D_@WX7^&-=N/#GPGT/PS
M=Z1>IIUQ";JTU2RN)8(89YHX)+F*)+B2!Y'2`3*A,HSFII>]92TO9>C<9RN_
M).,8VOO)7:?NCQ-J<XQA[RUO\IQA:_G%N=^R:LU[Q]70?MK?!JZ^$T7CZ+XM
M_#*7P+-=C3X_$:^*+%M)>Y+;1`+H2^49"WR[`V[/&,U<UK]K7X5>&K'PW=:C
M\3?A]I]KXRN?L?A^:Y\16<4>N3[RGE6K-(!.^\%=L>XY!&,U^:D&C^+OV%?V
ME=8^/GQNM[2UT;Q#XKO;FPT3Q7XN\):-J-_]NT33K43Q[KJWL/M%HUE/"\0F
M9_(N&*RW3;FDSOA;^P/\5?%7P6\.:YI^@_$:V\/?$/X<#PE-X<\(7'A6U328
MWU/4[DQWAU^SF>.QDBO(")+%#.OE`F"0B/;HTK)K7:_DW%OE;]5;FV5]5=6;
M<5S\M^C:TW]]1OJ^B;=NMMTG=?IQK/[8'PE\.>+]1\/:C\4?AU8:_H]O<7=_
MIMQXDLHKRRAMU#7$LL32!T2)2"[,`$!!.!3M4_:Z^$^B:-X3U&]^)_P\L]/\
M>ND?AFZG\1V<</B)GQL6S<R8N2V1@1%LYXKY7\"_L`>)="U;PB^H^$K74'TC
MXY#QI>7MW=V=U<2V$6A26<5^\GR&203")<!%DSAO+51QX7J/_!,KXQ^'M;\7
M3_V1\1)-$^(-AK?AI]&\'7_@^-+6VN/$FM7R-?/K-M<^59SV]_;.6L-TZ%,-
M`[(@1J,>2,F[M\NFV\%)][:ODZV<6W=OE4P]Y7>G_P"W*/E>T8\_2ZE%:+WG
M^C>K_M>_";0/B`WA*_\`BA\.[+Q6DLT#:+/XCLX]1$D,*SRIY#2"3<D+I(PV
MY5'5C@$&N$^"/_!3#X3?'WPO%XCT/7[2/P>WA^X\1W/B2ZU&Q72-.@@NS:R1
MW,ZSL()`RE\.`NP$[LJRKX!X>_8!\<^'O"?Q"B_X1@7.L:O\;_"/BNROIM2M
M)KJ_TG3H]"CGNWF!CRR+:WWRLD;MA]L7[Q0>UT3]F_Q9J_\`P2_M_AWXB^'7
MB2;Q/X4OXS!IEAXFL=-O[Q[/4UNH-0T^[626`/\`*DT,=T8@[H(YA$K%@3@H
MQC.]]KI><(MO?I*=K75W!W:5^6*4G.2BURW>_I.2_&,;WZ<R=GI?Z1;]HWP;
MJ/P%U/XE^']>TOQEX.T[3+G5EU#P]>P:A!?0P1N[^1*C^4[81@/G`SP2*\V^
M%_\`P4!M/&6N>&[+Q5\,?B3\+$\;6[3>&KOQ3+HCVNO.+=[DP126&HW0BF\A
M'D"7'E%E1L9VMCC/@%\%OBD_["/Q:\-^+-+O?^$D\5+K0T&#5H=%M?$%]'<6
M82-M5?2B-.>]><R9EA;:8_*+MOWFL*U\"?%#]IK0/@_X=U;X2^*_A=IOPIFA
MU?4;WQ+J>B7,FL7$&E7-G%;62Z=?W9`:6<.\DYB`1=H5BYV8U&XNI;6T8-?]
MO*3E9VU<;1T[Z6U-:5I*'-I?GOZQY>33HI-O7HM;I)GT+X!_;$^&OC_6/"^A
MQ>-O!UEXQ\7Z/!KNG^%Y?$>FSZQ-:RQ^8LB16]Q*LR`9_>P-)$VTE79>3<L/
MVLOA7JGB75]%M?B7\/[G6/#^H6VDZI8Q>(;-[G3;RYD\JWMIXQ)NBFED(1(W
M`9V.%!/%?!?[-W[#_P`8_@IKGPFT_2?`WB7P[/:P^%[KQ9->ZSX?USP=<26>
ME6ME=W#P39U*SU6&.!HH6T_?;L4B=I"'D5;EE^R#\5-,_9K\&>"/^%#6=WXI
M^"FIZ3JB^+VUW2([SQP++Q!;:C+!IYWM(HNHHI)I/MKV:BX$:X=294[9TJ7U
MA1YO<YK-_P!VZO);Z)/1-WENE=.)BW+D?+\7*FK]VGH_FM7M&]GW/NSXB_M4
M?##X0:1?ZAXM^(_@+PM8:5J*Z1>W.K^(+2QAL[UHTE6UD>610DS1R1N(V(8J
MZMC!!J>;]I3X=0?%&Q\#/X^\%+XVU2S&HV7AXZY:C5;RV()$\=L7\UXR`3O"
ME<`\U\)^,?V7_BYXMU;QW\0)_A=\3?#OBC7/'E]J^@_\(EXI\--K^EZ?<:'I
M-IMGMM0EETJZBE>S>.XBDF+)Y>8O-#!ZF^&O[(7QK\`_&#P/-:>!)-#O)[[0
MM4\626-YH-]\/+IK:PM[2YGCLIT74]-U&*&$PP#3E^S_`"1,SA7D1>=0O%7>
MK4?DY13:](MM-ZZ^[;>2TF[1E)=.:WG:5E_X$M4OG>VC^S=+_;'^&KZ+X)N-
M:\:>$/"M_P#$2)9/#^F:KXDTT7>JDX^2W\JXDBN6&1S;R2+SP36EX<_:I^&'
MC'XDGP9I'Q(\!:KXP7[1G0K/Q!:3ZD/L\C13_P"CK(9/W4BLC_+\C*0<$$5^
M?GAS]A7XP^`OV:/%'@&X^%"^+=4^+7PNTKP:NI/K.F);>!;RUBN8G6\+SK*U
MNKSK<HUD+AS(K@JGRO7I?[./[!7C;X6^#_AM#J'AFV&M>'_CQX@\::K>K=6I
MEDTVY35XH;YF$A+F2.XM1LRTH#@,HVMC2-.+FTWI>W_DR7W)/F;V:6G5K:K3
MC&$G%ZJ^GDH2DGV?,TH))W3=WJU$^O?B7^TS\-_@MXLT/0?&/Q!\$>$M=\3R
M"'1].UG7;6PN]6<L%VV\4KJ\S;F5<("<L!U-1V/[4GPRU/XG)X)MOB-X$N/&
M<DL\":#%K]H^J-)!CSD%L)/-+1Y&\;<KD9QFOCK_`(*O?L\_&[]H"S^*_A3X
M?_#Y+S3?'/A"TL+/7-&70+:?4Y8'GD>QU.ZOY?M(C!<"!;>!E!ED/GV[,9%F
MOOV!?'.M?"SQ59V_AF#1?$7B'XX2>,8[T7=KY\.G/$L*WK.DN24C++L#>9@$
M!>:Y>9\J:5]]-OMPBO324I-]5%[+4YZSY5[O^>T)2Z=VE%>;ZO0^G_!7[<?P
MS^)_[0D7PU\)>*-'\7:^NGZC?WLNAZE:7]KI+6,]I!/:W1BE+PW.Z\B(C9.B
MODJ0`;/Q!_:]\)_#3]I?P3\*M1CU9O$7CN">:SN(;=7L;0QQR21Q7$A8&.2=
M8+GR@%;?]FEY&!GYS_8N^`OQ#\-_M,_"S4=?^#Y^'VB_#'X47O@&\U8ZKIES
M%J]X+K2VB:V2VG>8VC+;3R1M,D4@+.'CC)7?1_:*_P""??Q1^.MQ\1?BA9^-
M?%WA[Q[%KUKK/A'P7%)HLFCW8T.4MI4=Q<O:/=1"Y<32.(KN-4%\RNN1(&ZZ
MD*<'3UNO>YGY*<HII;I\O+-1U;2LWK<(N4E/W;/113:T;BG9O9I.\7*Z2W\C
MZQLOVI/AEJ7Q.3P3;?$;P)<>,Y)9X%T&/7[1]4:2#'G(+82>:6CR-XVY7(SB
MN5\3_M__``CTGP3XUUK1/'/A?QS)\/-@U_3/"^LV6IZCIC-,(0DT23?NFWY&
M)"OW6[C%?..F?L9?$&?X?:YJ2?#_`$NR\6ZU\=?^$_%K>WMFZFQ,:()9Y(Y&
M#*$W1L@)<IN`4@C/CNH_L7_M!_%;Q-'J6J?#2]T"VL_A/<>";?24E\-:;IFF
MWHU32KD16,%E<.R6;QV\QC::=B!$`8K<G][CA8^T251\KLK]K^R4]/\`M[]W
M;OK>_NF.(K2BI^SBWV]/:2A_Z2E/T:5GN?I9>?''P5IWAVRUBX\8>%K?2=2N
M)K2TO9-5@2VNIH5E:6*.0MM=T6"<LH)*B&0D#8V.=\)?M??#GXDV_AZ^\(^,
M?"7C'0?$<EY%!K6B>(M-N["-K6(RS`N+C=(54'<(5D*=7"+EJ^*=<^`X_:K_
M`&DOCAX*TG3=*\?_``J^'EOJ=]IMCINN?V:C^)M915OM.%Y&KBWN;4PWDA<9
M*-JX5PI0DU]`_8C^+_Q1,X\9^!]?U_PW?C7(9+;QEJN@:3XJU*.YT$V(34K[
M0M\#[W$<,4\:RSI&H,G0`3_R[Y^\5)?/IYOJK:-6=]3>3M44/[W*WY=^RTT=
MWI*ZZ-K[^^#WQY\#?M#>&)-;\`>,_"?CG189VMGO_#^KV^IVJ2K]Z,R0.RAQ
MD97.1FNKKY:_X)N_#+XF>`=2\=W/CC2_%.FZ+J;:>NC?\)G_`&!/XK=HHI$F
M2YNM%)M[BU1?)6W:9FN`!*'(&P5]2UI4BHM).^B_%?GW6MMKO<FG)M.ZZO\`
MKS];*^]D%%%%9EA1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%
M%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444
M`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`
M4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1
M110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!161X_U^;PKX#U
MO5+9(GN--L)[J)9`2C,D;,`P!!QD<X(KXE^$G_!1+XZ>'/V=="\7?$;X?^';
MO6O$FGW'B.&PE2#PE#;Z-:6$5W=SPO#JFN?:Y6$RK#'(;-FV.9!"HW4HR3YN
MG+:__;S:7Y-OLDVQI-RA!*[E>R]+7_-+S;2/O&BOE=OVW?B!X]_9I\6^._#/
M@GPII[:=XVB\,:#%J/B.=SJ=LFLQZ=<7%R%LO]%D.9"D:&X'W27ZK7EDO_!8
MWQCX*\&K#K_PGMM6\7:K/:'P];>'[O5=1@U:VN)M50230V6FW=W;2*NDW'R1
M0W2DO$3)&K/Y5--.ST_X9/\`]N6F^_9VJ-.4N;E5^6]_*SL_QZ^G=7^^Z*^8
M/VGO^"A^K_`OX8>%/$.C?#B35KO7/"MWXRU'2O$&L-X=O-)L;9;3SHO+>VE=
M[Q9+R)3`R1@!9"7#!4?!\0_\%3)8?#>HR:1X3\/RZ[;6NH7%KI^H^(;Q/MS6
MFL7>G&%%LM.O+IY9$LIID2*VD8E63'REZ*L732<]+MKYQO?[N5^3:LM3*$E*
MW+U2?R;27IJUZ7N]#Z]HK\^_#/\`P6/\;?$#P'H_Q(LOA?H&E_"^&X9M3>3Q
M-<W6OW42>%7UR6.&R&GJBLA:.-29RTA1LI'NX]5_9=_X*'^-?VD?B5X.\.2_
M"*7PF=8M-5U#6KG6KS5]*-G;6;62Q2V%OJ&D6MQ>K*U]&I:2.U1#%-M:7:I?
M9X:HI^S:]ZU[>5N:_P!R;%.I&,>=O2]K^:=FO6^GJT?5]%?&'A[_`(*J>*_B
M1XC\1Z5X2^"^J7L]MXA_L#P_>:U<:MH>E:NRW%Q;S-+?3Z3]G5D>W9PEF]Z#
M&02RN#&.8\6_\%E];TBUT#Q/;_#FPC\!O9F;57_MA[W6VNO^$:.MBU@LX8<A
M`);=!/ND9R)0+<?NW;&FN>#J1V6K]+7_`*\]-]"I/E;B]U^KM^=_DF]DV?>U
M%?#6H_\`!5GQ]J_A3PQ-IWPDA\.ZI<ZII5OXB3Q+<ZGIAL+6]URWTQ)K"UOM
M/LKN]5UDD;?+%:B/Y#ME^XUO]M?_`(*<>*_V6/C'\2/"-MI7A2XN8_"-O>?#
MTWB7.=4US$CW-M=E'`:%(&BG"Q;9/*M[LDD*"*4&U&7\S:7FTDW^>G=Z(NG'
MG=H^7XVU^2=WV6KT/MJBOB+Q9_P5J\0Z3\6M1\%:'\/O"?BG4YQ8+X?OH/%6
MHVFFZA)-J]MI,\=U</I!B@D@N+AMR6CWQ7R65S&Q4-!\1/\`@J9\1-)US1HO
M#_PS\"7D>J:AJ9M;6Z\=K]JU'3["VU1KB1UCMC+93+/IK!089XG5U5I(I#(L
M)*#5/VK^'77_``_%]W7Y]F8QJ1E)P7Q*UUUUV^\^Y**^=_VFOVI/$_@+P7\/
M_%?@VY\-2:9JDMCJ'B'2-1TXW=^FCW$D*27D;K?0/"D/FJ"R6UXS/)&OE*"S
MKVO[/OQG\1?$SXG?%O0O$&FZ+IR>`O$L.D:=_9\\LYN+633;.\229W5/WI-R
M<JJA5P%R^-["IRO)-6<;W^3BG^,DO5/LRH24US0=U9/[]O\`/T:[GJ=%?*'[
M0?[57Q7^&WQ3\9V'AZ?X:ZKHFG6D4-LJZ7?74WA:YGFM(+:XU.=;F..7S'N)
M7-E$L,BPP"3SR'`%[X??M=>/Y=4^&&F^((_`-Y'K_BKQ'X5\1:W8+<VD'FZ7
M'J+)-;6KR2^5&_V(,_F7,AC.Y!N_UBQ#WH\R[7_/Y?\`#I;W2J?NIM[)V^;5
MUIOKK;TOLTW]0T5XA^QK\<O&'Q5OO'FD^-IO#E[?^&=6C&EZAHNFFPM=7TJX
M@66UNU07M\A60>9M87&YD56>*$MLKV^FU:WFD_O5[/LULUT>@HR3O;S_``>Z
M\GT\@HHHI#"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
M*`([VSAU*SFMKF&*XM[A#'+%(H=)%(P58'@@C@@]:Y3QM^S[X!^)7AK1-%\1
M^!_"'B#1O#4\%UI%AJ6C6UW;:5-`-L,EO'(A6)XQPC(`5'3%=?10G;5>7X;?
M=T[`_P#/\=_OZG.ZI\'_``CKG@O4O#=[X6\.7GAW69I;C4-+GTV&2ROI)93-
M*\L)4I(SRDNQ8$LQ+')YK"\6?LH?"SQ[X6N="UWX:>`-:T2\@AM9]/O_``]:
M7-K-##+)-%&T3QE61)999%4C"O([#!8D]_10-2:=U_77\]3S3]H?]D3X?_M/
M_"!O!/BKPYI-QI-O`T6F2)I]L\^@N8FB6>R,D;K;RHC%5=5RH..G%)JG[%GP
M<UQM9:_^$_PTOG\1W:7^KM<>&+&5M5N4=9%GN"T1\V42*KAWRP90<Y`->F44
MVW>_]:V_R7W(GE5K?+Y?TW][.)M/V:?AQI^B6FF6_P`/_!,&FV%ZNIVUK'H=
MJL%O=K!]G6X1`FU91!^Z#@!@GRYV\4_X5_LX_#SX%V=K;^"/`7@OP=;V,<\5
MM%H>B6VG);I.Z23*@A10HD>.-G`P&9%)R0".SHH4FM5_6EORT]`:NK/^M;_F
MV_5G%:!^S7\.?"OC;5_$VE^`/!.F^)-?NH[[5-5M=#M8;[4KB-66.::94#R2
M*KL%9B2`Q`(R:J#]DWX5CQ/;ZV/AG\/AK-IIJZ-!?_\`".V?VJ&Q6)XEM%D\
MO<L`CDD01@[0KLN,$@^@44NENG_`M^6GIH5=W;[_`.=_SU]3S'3/V)O@SHNF
M>&;*S^$?PQM++P5.]SX>@A\+6,<6@RO(LKR6BB+$#M(JN6CVDLH/4`UU'BGX
M*^#?'.JK?ZWX1\,:Q?*2PN+[2X+B4$P26Y.YU)R8)IHCS]R5U^ZQ!Z:BFY-[
MB6FQP&D_LH_"W0/%5YKUA\-?`%EKFH72WUUJ,'AZTBN[FX5XI%F>58P[2!X(
M&#$DAH8SG*+BS9_LT?#C3O$.JZO;_#_P1;ZMKET]]J5['H5JEQJ%P\#V[332
M!-TDC02/$68DE'9<[217;447TY>FWRTT_!?<A6UO_7]:O[SE/%/P(\#^.+GP
MU-K?@SPIK$W@R=+KP^]]I%O<-H4RKM62U+H3`ZKP&CVD#BI=7^#7A76]<@U.
MXT'3AJ,&K1Z[]IBC\F66^CMS;1W$C)@RNL!\L%]V%"CHJXZ:BB[W\[_/1W];
MI?<NP)65EVM\NWIJ]/,\QU?]B7X,>(/''B'Q/?\`PB^&%]XE\6VDMAKFK7'A
M:QEOM9MY45)(;F9HB\T;HJJR2%@P4`@@"NF\(_`_P5\/_#?A_1M`\'^%M#T?
MPF7;0[&PTJ"VMM&+HZ.;:-%"P[DED4[`N1(X/#'/444D[+E6VWY_YO[V#5W=
M_P!?U9?<<W\,O@YX0^"FD7>G^#/"GAOPC8:A>2ZA=6VBZ9!80W-S*<R3ND2J
M&E<\LY!9CU)KI***;8)!1112&%%%%`!1110`4444`%%%%`!1110`4444`%%%
M%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444
M`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`
M4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1
M110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%
M%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444
M`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`
M4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1
M110`4444`%%%(7"YR#Q0`M%8^J^/]$T+4DLK[5M-LKR3!2">ZCCD?)P"%)R<
MD<5K+*'7(!%2IQ=TGL.SW'44450@HHHH`****`"BBB@`HHHH`****`"BBB@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
M*`&S2"*)V8@*H))/05\[:M\2M"_;1DU/PGHWB+QAX=%E+-$;BPMP+/5$7C<9
M0I^0XX4NFX'HW;V'XT>*KGP7\*_$.J6=K%?W5C8RRQ6TJ%TN&"\(5')!/&!S
MS5'X#77B?5O`=I=>+--TC1KZX`:+3[%&46D>.%?<Q^?U`P!TY->5C+UJT<-?
MW6KR5GJMOB35OZT.FB^2#JVUO9:_/;J<IXD_90M?B%\/?#NG>(M0_M'Q!X6>
M,V>M+!LF=8W!574LVX,H`;+')^;@TFO^#?$7A7]IB?Q1;:K<V/@HZ,;O6;?<
M&AN+F-61<*?NMY80EA@XB`SS7L@`'05SWQ1T73_$7@+5['5+Q]/TR[M9(KR=
M9!$8X2N)/F/"@KD$]@2>M%7+:45SP5I*SO>UW':[_!WW01Q$V[/5:_CV$^%O
MQ(T_XK^`],\0:6[-9:E`LJAL;XST9&QQN5@5/N#715XW^R'\0_"WC+0=<T_P
M3I4>F>&?#]ZMK:L-P:\)3<TQ#<\GIN)8@9."<#V2NG`8CVV'C4;3;6K6UUH[
M>5T17I\E1QM;UW"BBBNPQ"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H
MHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@"*^B>>SF2.
M0Q2,C!7VAMAQP<'KCTKP?X->(M5^!>BO+\2=9FU'Q'XN\3?V;9.[`AX]WEQE
M$X"19#/P`!YB\9->^L-P(/0UPGQD_9\T'XVKI\NJ12QZAH\OGZ?>P2%)K1\J
MV1U!!*J2""#@=#S7GXZA4E:K1^.-[)MVUM?YVO8WH5(J\9[/?O\`UW.R35;?
M,RF>$-;`>:-XS%QN^;TXYY[5P?Q?^)VNZ=X(;5/`VAZ7XWP"TD<>H*"%`R&1
M55A+W^4,IZ8!K-O_`(&>)K7]H:7QKI'B:UM-.OK>&UO]*FMGD2Y1!UW!AAQD
ME6QQD]02"[X6?LA>%?A-\1M4\3Z='=_;]2FDE6,SE;>T#]42-<`C).-V<9XQ
M6-2IBZO[N,.57:;NKI=)+1W]'8J,*4?>;OHG:W7JGM]Z.L^$,VN7_@+3[SQ)
M9V5AK-[&)[BUM8RD=MNY6/DDEE7`)SUSVKJ20.M(`$4`#``KAOC)^T=X2^!&
MG>=XAU-8)W4M#9Q`275QC^Z@.<?[1PH]17;*<,/23J2T2W;_`*U,E&52=H+?
MHCNB:*\A^._[35W\)_`FG^*M)\.-XL\-7L2RO>VM\(OLZO@H[*8VRC`CYL\'
M@XR,Z'AS]J#1)/@CH7CG7(IM%TS6G",>9ULRSNJEV4`[<J!D+P6&>,D8K,\-
M[25)RLTKN^BMWOLT7]6J<JG;1NWS/3J*IZ'X@LO$VEP7VGW4%[972"2&>"19
M(Y5/0JRD@BKE=L9*2O%W,+!1115`%%%%`!1110`444$X&:+@%%(7`QUYI/,'
MH:38#J*`<C(HI@%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`444
M4`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110
M`45E>*O&VD>"+:*?6-5T[28)W\M)+RY2!7;&=H+D`G'.!6?H?QA\*>)-4CL=
M.\3Z!J-[/GR[>VU"&:63`).%5B3@`D^P-92KTXRY')7[75RE"3U2.EHH4Y4'
MUHK4D****`/./VH?CO%^S]\++O61'%<ZE,PM=.MFS^_N&!VY`Y*J`6..2%QD
M$BN&^&EIH/[87AUI_''PPN=)U,1KONKNR:$7(QUAG`63'^R3QQ@MR:N_M)_M
M12?!KXH:!X?M?!K^*]4U:$RV?EW(BE1F<H44>6QYV@DY'`KV+PM/>WFAVL^I
M6<5A?RQAY[>.X\]8&(Y7?M7=CUQC^=>'IBL7.FY\T(63@XW5][MM;Z]#MNZ5
M%2Y;-ZIWU^Y&-X`^#^D?#CP+_P`(U8BXN-%42)';WC_:!'&^2T66Y*9)X;/4
MC.,`<U\4OV?-/U;]FS6/`FBVXBMFM9/[/B9R1%*',T:[CR%$F!D]J]/H(!ZU
MZ4\%1E#V?+I9Q^3Z'-&M-/F3ZW^9\^)XNT/]@_P)\//"ETT<HUB\:'4+H<8)
M7,MQSV$KQ#GHF>X%?0,4HD4$$$'H17D/[0WP:\$Z[KL'C;Q[<B71_#5IMBM)
MI-EL&+EBS@<R,QV*$Z$C&&S@=Q\&_'MI\3OAMI&O6%K)9V6HQ%X(7P&C0,54
M$#@'"]!TZ<XKAP#G2K2PTFE%)<BZV22;?DWL;UW&<%45[ZW?2_E\CJ****]@
MY`HHHH`****`"N0^(GQ;TGP7?VFCS:QH^GZ]K$;_`-FPW\A2.9Q@#..VX@8R
M"W('(..OKY^T:\\$_&K]IK7+2Y\!7VLZOH#"RO-6U$)/86JH#L1$9R`6.2`$
MW'))XR:X<=B)TU&%-I2D[*]_5VMUL;T*:DVY7LE?3_@FCX7^'OQ(\8V'B7P]
MX^U.!K34`+G2]:\/W+6KV3CCR@!M<8X89#`_."QR*P-;L/B7^SQ^S7IYL[YO
M$/B31M9*SBX+78U6VFG:.-?F.\',D1X(*X(R1U^C(+:.VB1(T6-(QM55&`H]
M`/2DF@64!2`2.1GD9K"65KDM&<E*S2E>[U=_G;I]Q:Q3OJE:][?@9/A;Q5%K
M!EL99+5-8L(H7U"TBEWFU:1-P&<`E3\V#CG!]#6T.@KP[P[X?TKX6?M0WNHZ
MOXCGO/%GQ#=[>STNWP(;>TAC+(\BGDD)#C?Q\S,`#\QKW$'(!ZUU8.M*HI*6
MCBVM[^E^S:L[=#*K!1:Y=FO^'_$****ZS(****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*"P'4U
M!J>J0:/92W-U+'!;P(9)))&")&H&2Q)X``[FO.]*_:>\/^/-+\12>#FD\5WG
MAL(TUI:D1O<!LG]T7P'Z'IP2,#.1G"KB:5-J,Y)-[+J[:NR+A3E*[2V/2\CU
MHKR;P!^UUX=\3_"M/%NJPWGA[3&U%M,?[6NXP2#H7VYVJ20,GH>N!S7J&E:O
M;:YI\%W9S17-K<H)(IHG#QRJ1D,I!P01W%+#XNE62=.2=U?SL]M!U*4H.TE8
MLT45'<W*6D322,$C0;F8D`*.Y/H*W;MN9A<SF&WD9$:5T4D(I`+G'09P,GW-
M?%O[7'Q>^-VHM=6UOX6UKPGX>C/S2:>?M,TBC^*2XAR$!_NJ5'8EA6%XV_;C
M\=^)?VCKZ?P`ESJNC6Q^QVNF1VC7,=[&C$F9D7Y@68DAA@A=H[&OL#X.>/=6
M^(WAA+O6_"NI^%;]2`]O>/&X?CJA4[L?[RJ?;O7RM7%TLV4L-0J3@XO=+1_/
MMY73]3U(T)X3EJU(J5^[U7R//_@)XVT3]M+]G5K3Q%;P7]U&@LM6@*[62<#B
M5<?=+##J1T.0.E>)?"/]ES5OV;?VYO"4,^^]T&]>]-AJ&SB0?8[C]V^!@2`=
M1T(Y'<#[5LM!LM/O9[F"TMH;FZQYTJ1A7EQG&XCDXR>OJ:FFLX[B1'=$=HVW
M(2,E3@C(]#@D?0FNVKDD:T:,ZSO4IM/F2M>SV?KZF4,<X.<::M&5].USYK_;
ML^*?B_X`>(O"WBSPY>L+&Z$FG7UI.#):S,")(]R]F(\WYE(;"XSCBO4_V9/C
MJ_[07PSA\0R:+=:*'E:';*X>*<J!N>)ARR;LC)`Y4CG&:@_:L^!S_'WX3GP_
M!+%!<_;;:>*5SQ$%D`D;W(B:3`[G`[USO[3GBB/]EK]E66#PT1I\UFMOINFG
M[VPEADDG[S;%<D]2>36<U7PN+K8JI)^Q4;VWUV=NVWSNBH^SJTH48K]XW:_E
MYGMX8-T.<45Q'[//QCL_CK\+=.\06GEI)<($NH%;)MIUX>,_0\C/4$'O7;U[
MM"M&K3C5@[IJZ."<)0DXR5FCQW]ISXD>'/V=FMO'>H:%=:OK<D9TJR>->(L[
MI-I<_+&&YR<$D#&",UVWP3\5ZCXW^%FA:UJT,%K?ZQ:K>O#""$B63YT49).0
MA4$GJ<].E3?%SX5Z7\9?`5_X?UB-I+*^3JIP\3@Y5U/9@0#^G0FO%/C)\>=7
M^&W[5O@#0!8WNF^$%?[(\QCV6]]+,AC3:W3;%N3CL=W'0UY&)K3P=:5>H_W;
MY4DE]INS;^5M3KI056"IQ7O*[O?HEHD?2((/2D+`=2!7GGB']HC1?!WQNL?!
M&J2?8KO5K!+RQN9&`BF=I9(_).<8<[`5[-G'!P#R'QX_;'MOV?O'\.C>)?#=
M_/I>HP>=:7UE(DOGJ,!U:-]N&4]0&/!4]\5V5LTPU*,ISE91=GY/S[+S,88:
MI-J,5JU</VJ/#_PT\?SV=EXW\82V/V1B8M,MM056D<G[YA56=F[`XXYQU.?4
M_A?X(L/AMX%TS0M,%P+#3HO+@\\YEVY)^8X'.2>U>0>!OV2OAYXS\=Z+\1='
MTO4=*4.;S^S+FV:W@>3JDGDN`4VM\P"_(2!@5[\J[0``,"L,!0E*K/$U(13>
MB:U;6^K?Y6-*\TH1IQDVENGLGY?YBT45G^*/%FF^"M'EU'5[ZVTZQA*B2>XD
M$<:%F"C+'@9)`_&O5E)15Y.R.5*^B+YD5>I`J*34;>)RKSQ(P[%P#7@/[3GA
M3XS>-;B.Z\$:WHD6BV\J7%O:6LI@N[G:0REY&^1E)_A#*I&`0>M1_'C]EX_M
M6?"S3]9NM-7PUX]@M@,2'*[Q]Z"0J2&3<#M?J`0>Y!\FMF5;]Y&C1;E'57T4
MEUL]?QM<ZH8>'NN<TD][:M>JT/H83(RA@RE6&0<\&G!@>AS7S3\==2\7?`O]
MDCP%K>CW$^F:YX3M-/M;^W;$D3HT"0R12+RK8D\L`]1@X(SFO4O@+\2?$'B3
MX=:7>^.=/M/#^NZK=RVT-HN8_-V[V4!')(8HCMC)R%SQG`VH9E&==X>46I**
MEY6?GWOI8B6&:I^U335VO/3_`(!Z)7C,^O>)=$_:BL/#.EZ39:3X4GM9]=O[
MY(]\NIO]UE+$81A*\6>I*XY`.![,#D9YK$\=^"X_'?A/4M)EN+BS34K:2U:X
MMF"3QJXPVUB#@X]JWQE&=2*=-V<6GIU\OF11FHOWEOIZ>?R+^AZ]9^(]&M=0
MLKB*ZL[V-9H)8SE)489#`]P11K&JQZ5IT]RR33)!&7*PQ-+(V!T5%!9B?0#)
MKPG6?@E\1?A5\"/"^@>"M4MM5U?PSKAN(I9G\A+FR*7'[J56.",RJI4'HH(P
M0,;7B'X.^-O'_B_P_P")=/\`%&I^!)S`(]<TR.=;V%V4_*8D.Z(DC<"S#IM.
MW((KD6.KN/*Z3YDE?MKO9O1V?1VT-70A>_.K:_AM]YA_`[4O`GQV^.>K^)])
M\(Z[!K/AYV2?6=3FE1EG93'Y*1&1@,(7^4A=@P-HR*^A!T%5=/TQ;"+`P\KX
M,LFU5:9@`-S;0`3@#M5KM75@\.Z,&I6;;;;22O?R1E5J<[TV6UW<*"0.IIEQ
M<I:Q-)(0J(,LQ(``[DDUY[H?[3/AGQ[KFMZ3X4O8O$>L:):_:6MK=PJ7/)!6
M.1OD8@X&0=H++SUQM5Q%.FTIR2;V[OT[DQIRE>RV/1<C'6BO)?AQ^UKH_B[P
M!K_B/5=.U+PY9>&]0&G7Z7:;Y(')0%F5<D`%P#QD8)Z5Z7X=\3Z?XMTB#4-+
MN[>_L;E=T4\$@DCD'J"#CK_*L\-C*-=)TI)W5_.VVV^XZE&</B1?HHHKJ,PH
MHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BB
MB@`I&.!FEI'Z<TF!Y3\8(_BAK?Q`TN#P8VAZ;HMDADOY]5Q)'?LQQY0107`5
M1G/R9+8S@<]CX;^%VB:-K4>M1Z)I%AKC0F&:XLH!&9`V"RE@`77(!&[/2O*+
M;P1H_@O]J2]UWQ+XEEN=6\07B1^'M"BN7<1+Y81IGB''!5CDC:H!.2Q&/?%R
M`1Z5YF"@JE2=2INI;-IVMHK+[-UK;?OJ=5:5HQC':W:U_P#,XOXI?`[1OB9\
M/=:\.S0I9VNNRBXN'@0*QF#(WF?[V47)[UQ_PS^)=[#^T+JW@?2]#DC\&^&M
M,M[.*[ABVP6ERJ;S'N[YCD1<9)!C!_B)'LC\H1TR*\?\>:;\0O$/QG\/1Z7:
MV>F^!]-O5N=0E6[47&H$`DY4<A`3]WJQ&3V%&-I^SE"M23O=)V6K6NC[15[O
M\!4973A)Z6=KO9]_72Q["#G..E<U\5O&WA_P'X.NKWQ1=6]IHLF+>=IHVDC<
M/\NPJH)(/3IWKHH2&7(.017C'[>O@W4_'_P%ETC1[.:_U*]U&U2&&,9)._DG
ML`!R2>`!DD"M\PK3HX:=6FKRBFTN[6Q&&A&=2,9.R;W-#X:_M(?"W5=4L_#_
M`(5U73C<W;A(+.QTZ6,,<$]%C```!))X`!)XKUE4VG(Q7C/[)W[)NE_LX^&A
M/<"&_P#$U^@^V7H&1$.OE19`(0<9/5B,G```]GK/*WB703Q249/HNBZ?,>)5
M'VC]C=KN^H4445Z)@!Z'(KPK]L+]GSQ!^TK?^'-#LKR#2_#UC))>ZA=2?.S2
M8"1JB`Y+!3)R<`;NO:O=3T->9_M+?M+:+^SGX.:]O6%UJUR"NGZ>K`273#^(
M^B*2,M^`R2`?/S2G0GAI1Q+]SKZ+6QOAIU(U5*E\70?\#?A)X1_9NM$\,:'<
M.+_5%:]D6YN-]Q=>7M1I=O`4#<H^50.1WYKTE3D9X-?"W["/Q0UGXP?M=ZMK
MVNW;7=]=Z+/TR(X4\V'"(O\`"@]!]3DDD_=$?"X'05RY%C:6)PW-0AR03:2\
MEM]_]7-<=1E3JVG*[:NWZBFJ6N^'+'Q-I[6NH6MM>6S,&,<T8D7(.0<'H0>0
M>H-7:*]EQ3T9R)VV/,_C!^R3X.^.7B>VUCQ!;W\M]9VZVL3P73PA45V<<+WR
M[<UUD7PQT=['2(;VU35I-#P;.XU!1<SQ-C;O#L,[L?Q=3WKH**YXX*A&4IJ"
MO+?3?U[ENM-I1N[+8:(P%`!.!3J**Z49A7D/[3_P1C_:`_LW1]1\4#0]!LY/
MM-U:PHGGWDF,(=[-A54;N-K9+9["O7J^<_BM^R79?$[]IJ_\:>+)8(/"6DV<
M&(9)`@O'1<L7;.%B7OG[W3IG/EYNI2H>S5/G4FDTW96WNWVT.G"-*?,Y<MM5
MI?7L>I_`WX'Z-\$?"_\`9VAWVKWEC+M=?MMZUPJ=?N#A4!SSM`!KM_+]Q^54
MO#&HV&K>'K*ZTMX9-.N($DM7B`$;Q%04*X_A*X(QQBK]=U"C3ITU"FDDMK;&
M,Y2E)REN4?$'AVS\3Z:UI?V\5W:LZ.T4JAD8HX=<COAE!_"O`/VSO#?C7XC>
M//`^B^";>:*YT>Y.L7%_)E+:S8$)$68\$\2Y4`L1V(KZ-/0YZ5Y1^U'X^\:>
M&O"8LO`7AV^U;6K]2OVM%7R=/7/WL,<,YYP.@ZGL#PYO2A+"SYVTM+\OQ.SO
M9&^$G)55RV^>QZ?I#3MI=N;HPFYV#S?*SY>_^(+GG&<]:L5Y[^RGH.L^&?@!
MX<LO$$5S#K44<K7:W#;I=[3R-ECDY)R#G/>O0J[L-5=2E"HU9M)V>ZNMC&K!
M1FXIWLP(S2*,9[YI:*V,PI&/RFEH;[IYQ0V!Y=\>5^).L:UHUCX";2M.BBD-
MSJ%_J+*T,B@8$`0!G.<EB0!T4!NN.C\-?"W2UU"PUN_T30[?Q-;)^]O+&W$9
M+E2KX;`8H<GAB>W4C->:>._!&C>'?VE8O%/BKQ)+'!?&VM-!T2*YDS=W.%3>
MT2GYAN(`&-H/+$5[O%TKRL+!5*U2=1:IZ)N]K;-*WNM[]SIJNT(J/;>UOQZG
M+_$+X4:=XY\&>(]),45J?$UL\%S-'&`Q8Q[%D/JR@+@G^Z!7G'A#QA=?#CX^
M:)\-?#NB7%QX1T;0TCN[B&(!;"X8LR/(W3+*G(ZDRYYP:]QKR7XP6?C_`%GQ
M_P"'+/PQ:6EEX;@U2UO-9O#=*MQ=1),C-$J]0NU2#W;[O"YW5CZ2ARUJ:?,F
MOA5VU>]O)-ZL*$[WIR>FN[T3[_Y'K*G/<&EID.-HY[<4^O21S!1113`****`
M"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`I&&0!2
MT4`><_$+X/V!^)UA\1(K2>[UKPYIUU%';0("][E#L4?[0RX'_73GI7)?#G]K
M2.T_9_@\5>,+:>QO+75FTK5H4@*-I\K3$+N0_,`J/&2#\V,]3U]R=2V.,UB^
M*?A]HWC?2I;#5M*LM0LKAUEEAGB5TD9<;68'J1@<FO,K82I&4JF%:BVGHUHY
M-*TGZ6.B-:+2C45TK?)=OQ/._B]^U-I/PWU/1+.\T[6;[2_%D&-.U31PMPLC
MMQM`4AMV&5E*[LYX!P:D^!G[.Z^`_'.I^*+OQ#XA\1R:E&%L!K#2&;3XFY="
M'_B)VC[JE0N,<G/H?ASP)I'A'2K6QTS3+2RL[)BUO#$@"0$YSM'\.<GIZFM@
M`*,`<54,'*515:[3MK%*ZL[6?77K:ZT!UDH<L%:^_G_D&,=!BJ6O7D^G:/>7
M%M;&]N8(7DB@#;#.X4D)GMD\9[9J[2,-V01FN^2NK(P3/AWX4_'WQC^UE^U+
MH6E:K)+H_A_2;M]0ETJUW1JH@RRK,?O2'S`@(;"]?E%?<0=2<`C->2^`_P!G
M)/!'[2_B[QM%':QVFNV,20JHP\<S/F?//\1CC;..2Y]#GBOAO^T]%\0/VZ-7
MT&UO)9-#M])DL+8"0-#/<PR!WD4`>GF*#DY"9Z$8^:RZ<\#'EQLG*=2HTF^J
MZ?*R^]^9Z6)C&N[T(VC&-W^OY_@?2%%9^H>*M.TK6+'3[F[A@O-3\S[+$YP9
M]@!<+ZD`@XZXR>QPGBCQ98>#?#UWJNHS-!I]BGF3RK$\GEIW8A03@=2<8`!)
MP`37TCJ1U=]M_+U/-2>GF:#NJ#+$*/>O.O'O[5_P[^'C2QZGXKT@S0\/!;R&
MZE4XZ%8PQ!^N*Z+1?'GA7XJZ-+'IVJZ-KUG<1%9(H9TG5U(Y5U!/!'4$5\K_
M`+0W_!->[UCQ;'J7@/\`LVUT^\E5;C3W9HS:@L-TB,S$,H!)VC;@#"@]*\?-
ML9BX45/`053OK?YI+?[SLPE&C*?+B)./]?UT/ICX(?&2Q^.OA>;7-+T_4;32
MO/:"VFO(UC-X%X:1%!/R;LKDX.5/`Q7:5E>"/"-GX#\*:=H]A"EO9Z;;I;Q(
M@(`"KCN3UZ\DG)ZFM6O4PT:BI155WE;6W?J<LW%R?+MT"BBBMR`HHHH`****
M`"OGW]O;X#ZY\9/#V@OH]WJ+16VH0VUY81.WDS132*GG%1P6C)!R0<*6/:OH
M*AE##!&17)CL'#%494*FS[?>;4*TJ4U4CNCA;#XKZ'H?Q4L/AW:A$OHM(-ZJ
M(1LMXT9$2(C^\5)8#LJ>XKMH[J*9W5)$9HSA@#DJ<`X/X$'\:^?]:_95UOP[
M^USIOQ(T2ZCO+&[N&74[1Y"DT221F(NK.Q#JH(.T;2`H"@\5RGBCXC>+/@[^
MW!K^H0:#XJU7P=J\=K%=K8V$L\.1;1*)EPA#,A!!"D$C([8KRUF=7#I_6:=E
MS\JM_+;1_H^QT?583_ARO[M]>_5'U!?ZDTUA.]@UM<SQAT56EVIY@XVLP!(P
M>#P2/2OG/QGXX^/NI_%;2O#D6D:-H&F:G(JMJ^GP-?10H%W2,7DX!`!`5D7)
MP`3G-9GQV_9&\8>//C_;>)O`FJOX=TW7K=)]0O(KJ2U>"5<`ML5@S,Z;3@!1
ME3N()R?HWX9^$+[P7X7BL-2U>ZUVZC=F-W<9#N"<@<LQX''6B3Q&,G*E)2IJ
M+^)-6DO+K9KJ@3IT8J<6I-K9K9_?8W+"`VUE%&SO(8UVEF^\WN?>I:**]Y*V
MAPA103CKWIOG(.]%P'4C<J1C-<I<_'KP-974L$_C+PK!/"Q22.358$>-@<$$
M%L@@C&#70:)XCT_Q-I45_IM[:ZA8S@F.XMI5EBD`)!VLN0<$$<=Q6<*].;Y8
MR3?DRI1DM6CC/B=\$-+\=>/O"OBJXC8:AX2N))TV1AGN8S&P$?X2;''IAA_%
MFN)^&'[5-Q'\)/%?B/Q=I]WIMQX9UAX+JQ,/EW%K;/)'Y1*G&2J2<G^+82.H
MKW/<)%!7FLSQ%X,TOQ;I=U8ZGIUI?6E\JI<131AEF53E0WJ`>1GI7%5PDU-U
M<,U%N]]-).R2;]++Y&T*L;*%176GR5]5\SSCXL_M7Z)\,M%T#5I++4=8\.>)
M3Y5OJ.E[9MDA&54H2#EAG&"3E6&,BJOPD_9\2W^)[>.;CQ%XHUJUN;<-IUAK
M9E\S3'<G>VU\8^7Y0"H*@GD\&O2?"WPVT+P3HZ:?I&D6.GV,<IG2"&(+&DAZ
MNHZ`^XK<50@P!BB&"G4FJF):=K-)75GUUZKLFM`=51BXTU:^C\U^C]!<>U%%
M%>D<X4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%
M%%`!1110`444CN$4D]!0`,VWM574M=M-&A66[N;>UB9MH>:58U)],GC/'2O.
M/B?K>N_&3P+=0_"_Q?X<M[V&5K>XG(,[1D'!0.I;RVX(R4;(.01P:Y3X)?!W
MQ5K_`,*M8\"_%FR36;8.7M=1-VMPUPKDD_/G>)$;)#,!PP`X4BO-GCI^U]E2
M@W=:2^S?LVKM>MCHC07+S2E:SVZV[GN6F:]9:U&SV=U;7:(=K&&59`I]#@\5
M960,<"O!_P!F_P#9<U+X(>#/'GAHW[/:ZQ,QTR_B?9-L:`H&..4=3W'<9%4O
MV(_C)XQ\5_#K6[[QY+:0Z=H%P;2+4+A/*FF9,^;O/"D(=J[@,DY!R0:RH9G.
M].GB(.,IIONE;>[TZ=2IX=6E*G*Z37SN?0]%)&X=00<@TM>LG<Y2*]M$O[*:
M"0,8YT:-L,5.",'D8(^HYKY3N?V"[_X*?&?0?&/@&\:[L["_5[G3+F0":.!O
MDD$<AX<>6S##8..[&OK&D*@]S7#CLMH8OE=5:Q=T^J]/N.BAB:E*Z@]'NNY\
MJ?\`!3T:G#H/@>[TI;T7EG?S31RVRL9(6"H58%>A!'Z5U7[(O[3\GQS\-OX=
M\5V$MKXB@@*RF:W98=4BVX9QD8#8/S)]2.,A?H%HPP`.>*3R@`0">:XUE52.
M.EC(5+1FDG&VCLK;WW^1K]:@\.J,H:K9WU_(^&;G_@FOXCN/CI?QZ7?1Z)X2
MBG^T6FH>;OG2-N?+1`0Q=3E<L0,`')Z5]D?#7P%_PKCPK:Z6-4U?63;CY[O4
M[MKFXF/J6;H/0#`%;X0``9)Q2UKEV2X;!2E.BM9/O^"6UB<3C:M9*,WL%%%%
M>L<@445C>//B!I'PT\-7.KZW?P:=86HS)++G'T`'+,>P&2:F<XQBY2=DAI-N
MR-FBO&_$'[7]J?@ZGCGPSHEYXHT6.62*\6&00W-EM;&YXR"=O0GGA2&(P21O
M:;^TUX<%MX/;5[@:)-XUTZ/4-/%SQ$Q9$8Q&3[H<>8HP<9R,9/%<<,RPTG93
M6R?E9Z)I[.[TT-GAJJ5W'JUYW6^FYZ-12*VY01R",TM=R9@%%%%``>01ZTQH
M`2#@<4^BE8!%7;GIBE)QUXIEQ.MM$7=E1%&2QX`'K7EVO?M*6_B7Q#+X=^']
MM;^,-<C17GN(I]NE:8K8PT]RN1G!R(XPSGT4?,.?$8NE02]H[-[+J_1;OY?D
M#/4+B[CME#2.B*2%R2!R>@^IJ3<,9KF/!WP_ETYTU#6M1EUO62Q?SW01P6N>
M-L$0)$:XXR2SD?>=NWD/[?G[1<_PE^'<.AZ+<2Q^(_$A,4+V[LLUI"/OR@KR
M&)PJD8Y+$'*UCB<='#X>6(KJR73KY+U9M0HRJU%3CU.Y_:.\7?$+P]X=V?#_
M`,-VVLWLBGS+B:Y1/LW'\,3$>8W?K@>C=*^9?V7_`-H#QQ\./C])9?$D>(([
M;Q4Z6KRZI&\26UP"?*90P"JA)*D+@?,#T%=_^QU\>?BUXC-MIWB;PAJNKZ1]
MU=9EC6SFB7L6$FU9@.F5^;J?F/%?3U]I4&JVSPW,4<\,@PT;J&5AZ$'((KQ8
M4I9C.GCL/5G#E?PM:>>FE[][L[936'C*A4@I7ZIZGS=^VO\`L3Q?%VSG\4^%
MX(X?$\*[I[9,*FJJ!T]!*`.#_%T/8CJ?V2?"<NM_L4Z5HD[7.G7%S:7MH[J6
MCFM7-Q.NX="KH>>Q!7UKV](@B!1D`=*8EJEO$ZQ@*&).``!DG)/YUZ5/)Z%/
M%RQ<%9R3371W:U]3GEC*DJ*HR=TG=?Y'QK^R+^VIXSO_`(CV/@3Q-8R:_-)<
M/:_;$.VZM=F=QD[.J[3DG#>['`K[.1PP[<5Y-\'?V8=/^%OQ;\:>+`4EN?$E
MT7M@`/\`187"R2K[%IBWMM1/>N!^%?[82ZK^V#XK\'WUU_Q*+NZ^QZ06Y6*Y
M@4)(@/\`=D*L1[@8^]7#EU>K@:4*./G=RDXQOVUM=^=E]Z-\3"-><I8>-DE=
M_A<^F**16W*".<TM?2GFA1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!1110`4444`%%%%`!1110`5S/Q<*77@._LCK]MX:DU&,VR:A*5_<
M[A@[=S*-^W=CG@\X.,5TQZ&O(OVO?@-J'[0O@71=`LYXK.%-:ANKNX<@F&!8
MIE9E'\3990!ZGG`R:Y,=.<:$W3CS.VBO:_SZ&M&,7-<SLNYB?LU?LC>!/A3J
MQUGP]K=_K>I0#RY+A=2!B7(^Z4A*J0>NU]WKZ5[LJC'(&:XGX$^'?"'@+PU+
MX9\(RV<D.B,L=X(7$C^<PR3*PX,I`R1U`QP!@5W%99;A:=&A&-.*CW4=5?KK
MU*Q-64ZCE)M^HA4;2,#!KQ+]LWPAJ^N_!"3PIX1TMKB]\2:BD;QP`(D:F1KB
M65V.`JEE.XD\F3N3BO;CT-<O\6M>\0Z!X+NIO"V@GQ#K3#9;6QN(K>-6/\;M
M(RC:O7`Y/`XY(K,*,:E"<)72::=E=V>]K:W8L/-QJ1DN_7;YE?X$:)KOA?X7
MZ/I?B6_MM1UW3[9(;J:%V</C(4DMR3MP"Q`R03785XK^Q?X)\=^%='\4WGQ!
MMY(=<UO4Q=;GN(9C(@B51CRF95`Q@+Q@#@8KVJGEU1SPT&XN.EK2WLM%?SMJ
M/$QY:LE=/S6WR"BBBNTP"BBD9@HR>!0`M%9B^-=':_2T.J6*7DGW;=YE28^V
MPG=G\*T5F1^C9J5.+V87'44!@>AHJK@(YPA//`KR&PT/XI:Q\<=0U"XU'0+/
MP.Q^S1:7/&;B>2-?^6OR@;7;D\N0`0"IQ7KTO,3#&<@U\_?L>^!O#'P?UV[\
M,1:R?$7CE+4W.M7*,TT5B`RKY`8\)\Q^[]]L$D```>;C;RK4J;NDVW=.VJV5
MMY7N]-M+LZ:&D926K]+_`#\O4]H\-_#_`$/PG]M&EZ1ING+J+>9<I;6ZQ).V
M,;F51@DC@GO7/^.?@5X;\6W/A62[LK>*U\%W`N;"!$"PQJL954QT"*1&P`XS
M$HZ5W6:BN&VQMP&)[>M=4\-2E#D<5;T[._YHQC4E%\R?];'EO[+/Q6\0_%;1
M->OM:TJZL-/&J3'1;B9/+-W9L[&/Y3R=HP-V`""N,X)KU>O'OAKH'Q$U#X_:
MIKOB=],M/#J:<]IING6EV9C;EI8V#N-HR["-LM^`XKV&L,M<_8)5+MJZO)6;
ML][=GT-,0H\]XVL^W3R"BB@L!U-=]S`"1SS7*?%_XT>'/@5X-GUSQ+J46GV$
M/"Y^:6=^R1H.78^@^IP`37&_M7_M?^&_V6/"GVC4)%OM<O4;^S]+B;][<$9&
M]O[D8/5C[@`GBO%?V=OV8O$G[4OC&V^*?QF#7$+?O=#\.NI2WMHR<JSQDY5>
M`0AR6P"Y/0_/9AG,O;?4<"E.L]_Y8+O)_DMWY;DN6MD=!X8T_P`;?MYW*ZGX
M@74/!7PF9BUKI$<ACO\`Q''GAKA@<I"0/NJ0"#QN&'KZ+\`_#G0_AEX?32M`
MTFPTC38G9TM[2$11AF.6.!W)K;C01H%`P!Q2UW8#+(4&ZLWSU'O)[OR79=DM
M/GJ-(``!@#`KQ3QC^UG\(?`GQ$OX]5OK2V\26!^QW,_]DSR3J$)_=^:L9RH)
M/`)')]:]KKY#\.?L42?%O]J#Q=XJ\46[Q>&(=7E:VMFRK:HP;J>XB![_`,1X
M'&36.;UL5!4X82"E*3ZK1))NYVX2%%\SK-I)=-WKL?3OPZ^(6D_%3PQ!K&C/
M<3Z;<Y\F66VEM_-`_B59%4E<]\8.*WP`.@Q5;38K>SMX[:V2..*W41I&B[5C
M4`84`=`!CCTJS7K4^;E7-OY'([7N@H(R,$<&BBK$4]?EN+71[F2SA6XNXXF:
M&(L$$KA3M7)X&3@9KYM^!?[!.C_#6_7Q=XYU.+5=<MW-^X$ABLK*0-O,A;(+
ME3DY;"CTZ&OIJZG2V@:21E2-`69CP%`')-?!_P"VK^T]XA^,MY/X:\-Z;K-O
MX5MVVS3+:2H^JL#U(Q_J@1PO\74]@/F^(*V$H1CB<1#GE&_+'NW;6WRWZ'I9
M="M4;I4GRI[OR/NK1-4M];T>UO;259K6[B6:&1>DB,,JP^H(-6JYKX,1/!\'
M_"L;JR/'I%HK*PP5(A0$$>N:Z6OH*,W*$9/JD>?-6DT%%%%:$A1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!7.?%WP
M5+\1?AKK.B0WUWIL^HVS117-O*T<D3]5.5YQD`$=U)'>NCH(SQ45*:G!P>ST
M*C)Q:DNA\U_`R>T_8B_9;M;CQ/`UMJFHZJPN;<.`S3/+Y0`/=5BC#D],`]<\
M_1QOXDECC9T5Y<[%+`%\=<>M>:_M,_LO:+^TEH%K;:A<7ME>Z>7>SN8'RL3,
M!NW1D[6!P/0\<$<YXS]H7X1?$;6OA'X%M?#-TEUXL\+W<4LU['<+!OV0-&9/
MG(SOSRO(.XCD5X=-U\#3E2IT^:G",5&V[[W\];_([6J=>2E*5I2;O?1+L>[7
M/B"SMK^.SDN;>.[G!,<+2J))!ZA>I'TKPO\`:C\8?&OPI="/P5IND7>DW4B1
M)=V\+3WUNS$*-Z.=@4$_>"L`.3BG?%CX"Z_^U+\#=/MO$NFV?AGQMI4P>*=9
M$GA!R!(59&+!'3G:>0R+U`!/H?P%^"[_``8\*+I\_B'7O$5RV-\^HW+2*F!@
M+&A)$:>V2?<\`77>)Q4G12E"#2:DG9^C35[D4U3I+G;4FG:SU7K<W_AMH6I>
M&O!>GV6KZI)K.IPPC[5>.`IGD/+$```+DD`=@!6[0!CI17LTX*$5%=#D;N[A
M116'\0OB+HWPN\,7&L:[?P:=86V-\DA/)/15`Y9CV`!)ISFHIRD[)!%-NR-R
M@@$8(!%>0_"+]J_3_P!HG2O$J>$(T@U313BWBU-2HN5*_)(50[@A8,IQDKP2
M.0*Q_P!G#]ISQ9\4?BIXC\+>*?#=CH%[H%OYKI$[ERV\+W)!4@Y!'!&"#@UY
M\<VPTG3Y'=5-(M+1M>9T/"55S<RLX[I[GL7BGP7I7CC1I=.UG3;#5+";[]O=
M0+-$WU5@1GWKRKQ=^S5XB\)H;WX:>-M4\-3P@>7H^H.VHZ1-C^`)*6>`'H3&
M0!V7/7H_A!^TYX:^+^HWFE6T[:?XATV1H;S2KH;+B)T)5]O9U#`\KT[@=*]&
M(SP:F6'PN-I^T@[]I1;37S337FK^IA4A*+Y9*S/F'1?V_;WX1^+%\-_&CPO<
M^$-1E(%OJUD'NM*O!W92,LHY'3?CG=MQBOH_P[XFT_Q;H\&HZ7>VFHV%TN^&
MXMIEEBE'JK*2#^%97Q2^%/A_XQ^$;C0_$FF6^J:;<\F.4<QMCAT8<JPSPP((
MKX,^(G@GXC_\$O/'"ZSX4OKC6_A[J-P`T-UEX"2,>7.J_<DQ]V1,;L#T*5XF
M)S#&92^;$_O:'627OP_Q):27FDGW,FW'?5'Z+-\R''<5X?\`&/P;=_L_^&_'
M_C3P/I-UJ'B3Q3Y#2Q0Q>8+9U#JUP%')&&+D`'+<G(SC=_9@_:U\-?M1>$1>
MZ/-]EU.U"K?Z9,?W]HY'_CZ$]''!Z'!R!ZFZ"12"2`:]WFH8_#JK0E=--QDM
M;-IJZ\U<WI5>5WW3W7=7N>6O^U+H&EW?@B+4I&L(_'5B;JSN)&"QQ2`1D129
M^Z3YF`3W7!QFL'QI\<(_&'Q#U3X9ZCHWC;2=4F(-KJ6B2$KY#?<N!*I4QCL0
MP*@A@2<5Z=XQ^$7ACXAM;MKV@Z5K+6@80&\M4F,.X@MMW`XR0,^N*V['2H--
MACB@C6*.)%C15``55&`/H*F6%Q,[QG-<MUTU:M9I^KU33N:JI35I*.OKUOHT
M<1^SW\!;/X#>%+FRAO[K6+[4;EKJ\U"ZR9[ICPN[)/W4P.O7)XR:[^@<`#TH
M)QVKOH4848*G35DC&=24Y.4G=L"<=>E>'_MH_MH:/^RMX15$$6H^*=20_P!G
MV&_``Z&:7'*QJ>W!8C`[D:G[7O[5^D?LM?#F34KGRKS6;T-#IFGEL/<RX^\W
M<1KD%F^@ZD5\<_L6?LV:Q^VE\8-0^)7Q!>34-$ANM[B48&J7"XVQ*.GD1C`(
M''`09^;'RF?YY55:.5Y;K7GUZ07=^=KM+YVV3QE*VBW.\_8C_9)UCX\>,?\`
MA<'Q6>;5+B^D6YTNSNU!%QC[L[IT6-<#RTQ@@!L8QG[E5`O08IL$*PPHB*%5
M%```P`*?7L9-D]++Z'LX:R>LI/>3ZMO\NQ25@HI'<)C)QFFFX5026``KUVTM
MQCZ^8/V^_P!I7QG\$%L--T"SAL+'6H6(UC/FRK(I^>-4(VHP!4[FSD,<#(KZ
M=CD$@R#FN#_:-^!5E^T!\,;S0;IDAG)$]E<LNXVLZ_=<#T(RI_V6->;F]#$5
ML).&%DXSMI_E\]CIPE2$*L955==3#_8L\.7^@_L_Z+>ZM<W%WJNOA]6NYYW+
MR2F8[D+$\D^6(QSZ5ZRK!LX[5\Y?MU_&^/X#_!2V\,:/((=5UJ#[#;JC[7M+
M54"O)QWQA!TY)(^[7K'[/?CY?B1\$?#>N+)YLE[81F8D_P#+91LD'X.K#\*Q
MP&+HTZG]GQ=Y4XJ_Y??U?J57HS<?K+VDV=M03@$^E<Y\,_BKHOQ;\,1ZKH=V
MMU;EVBD4C;)!(IPR.O\`"P/;N,$9!!KD/B1^UUX2^$'CY=`\327^D2RQ+/#=
M26CR6TZ-QE63<>""#D#&/3FN^IC:$*:K2FE%[-O37;4PA1G*3C%-M=#K_&_Q
M8\-?#R!GU[7-*TE5&X"YNDC=OHI.2?H*\Z\-?MP>"O'WQ"L/#/AB/5=>U"_E
MV"2&U,5O"HY>1FDVG:J@G(4Y.`.HJ3XA?#GX6_M>Z.";[1]6O3%MAO\`3;J,
MWEMQD<C)X_NN"/:J?[)G[&UE^S9JFN:A)J`U>_U!A!;3^5Y9AMAAMI&3\Q;K
MS@A%Z<UY=6OCZF)A"@H^R>\D[NV^VBUV5KG3"&'C2;J7YUTV1[=#CRQ@8_\`
MUTZ@#`P**]XX4%%%%`PHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`,`\D=*-HZ8%%%%@$V+Z#F@*`<@<TM%"`
M****`(-1OXM,L9KB=Q'#`C2.QZ*`,D_E7S?\*_VAOB9\2OB;J@?X?WM]X%O;
MDK:RW4(LI;:WP%#`RD++N`W%>3EB-V!BO6OVEOB?>_!GX+ZWXET^VMKNZTQ8
MBD-QN\M]\R1G.T@]&)X/:LC]EKXD^-OBYX/37_%.DZ1HUC?J'TZ&V63SID/_
M`"U;<YVJ?X1C)'/`QGQL94]IBZ>'C4E%I<S22::VU;OIY'91CRT957%/IJ]G
MY>9TGA[X%^$O"_BP:]I.@:=I6J-&T3S6<7V?>K8+!E3"MD@'D'D`]:Z`>%K`
M>)CK`M81J1MOLAN`N)&BW;MA/<!N1GIDXQDYT**].GAZ<%:,4NNW7N<KG)[L
M\0T[X+Z9\!?'/Q.^)ER+>2>[CEO+3.<V\(A$LP_WGF#=.RKSDD5T'[)OQ[C_
M`&@OA+9:J[Q_VK:G[)J<:C`2=5!)`_NL"&'INQV-=9\4/AY8?%/P?=:%JCW*
M:=>E#<+!)Y;2HKJY0MU"MMP<8.">17GG[/GQ?\)ZY\1]8\$>!]-LK;0O"]J'
MDN+=0L<\YD*L$Q]Y1CESDL3Z#)\N-/ZKBH0@U&G+FTZRDVY7^5G\M#J<O:TG
M)IN2MKT26GXGLQ`/45E^,/!^G>._#=]H^K6<%_INHQ&&X@F7<DB$=#_,'J#R
M.:U**]>I3C.+C)73.,_*?]H/X.^*?^">?[0=IJ_AJ_NX=-G<S:1?9W>;'D;[
M:8<`D=".C`AN"2%_0#]D;]JC2?VI_AO'JMF%M-6LML.J6)8DVLI&<C/6-N2K
M>Q!Y!`UOVG?@'I_[2'P@U/PU?A8Y95,UE<8RUI<J#Y<@]N2".ZLP[U^6_P`"
M_B[XB_8R_:`-V\$D5QI5R^FZSIY;(N(@^V2/C@D$;E;ID*>F:_+:U2?#.9I1
M_P!UK/;^5];>FENZ\U<Q;Y'Y'[%9HK*\$>+].\?^$M.UO2;A;K3M4MTN;>50
M0'1ER#@\@X/0\BM6OU.$U**E%W3-@KEOC+\6M&^"/PYU/Q+KEP+>PTV/<0/O
MS.>%C0=V8X`'XG`!-=/)*J*22!P:_+3_`(**?M93?M$_%'^P-%G>3PMX=F:&
MV$3$KJ-P"5:?`ZCJJ=>,D?>(KYWBC/X97@W5WG+2*[O_`"77[NI,Y\J,K0++
MQ9_P4E_:H0WTTEM:S'S)B"7AT:P1N43(^]S@<#<[9.,G'ZD>`/`>E?#?P=IV
MA:-9Q66F:5"+>WA3.$4>YY))Y)/)))KR7]@;]EQ/V;/@S#'?0!/$VN[+S57.
M"8VQ\D`([1@D?[S.>A%>Z5Q\(Y'/"T'B\4[UZNLF]UU2_P`_/T"$;*[W"J^J
MZE#H^G3W=S*D%O;(999'.%15&2Q/8`#-6*\V_:N^(4/PX^#UW>3Z`OBB&ZN(
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M?_#[6-$>]DT^'5K9K6:XC`+QQL,/C/`)4D9/3.>>E<7^R7K7A&X\`WND>"A=
M2:#X;U!].CN)I&D^UR;4D>12?X2TAZ8!Y(`!%72<J&(]DY7C.[5WK?LEV2U]
M296G3Y[:JRT6EN[\V;/QO_9O\*?'O2S#KVG(]TB>7!?0XCNK;K]U^XSSM;*^
MU4_V:?@K=_`+X>W7AN;45U6RMKV2:PFV;'$+@,4=>@8/O/!P00>.@]*HKI>!
MH^W^LJ-IVM==4[;]]NI'MY^S]DW[N]C\_?@EX+^,W[/OQ-NM6T?P?K=UIUW<
M,+VR*A8KV/<V.<_*PSE6'0GN"0?I3]IS]GY/VLOA1I;6\4NB:Y:NMQ:&_C,;
MP;L"6*4`$@8&>,Y9%YQU]NHKS,'D%*C0GA93<X2Z/IZ6.FMF$YU(UDDI1ZK]
M3Q']G;]AGPC\#)(-0EB&O>((OG6^ND&VW;UBCY"?7EO]KM7MP4+T&,T45ZN$
MP='#4U2H148KL<M6M.I)RF[L****Z3(****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@#$^(/AVP\3>%+NVU/3CJUDH6X>S`#&X,3"55P2`261>"<'H>,UY+^RE^TCK
M'[1OC'Q+=G3DT7PWHBQVMM:,-T\LS%BS.W8J$QM48&_O@$>ZL-P(/0UXG^T#
MX.U+X1?!GQE<?#S1KNZUKQ3>M=70M\.]NTB*DLR*,$G:F0%R0[EL8R*\K'QJ
M4Y1Q,6^6";DDM9::+OH^AU8=QDG3:U=DGVUU/:T<-G`Z4M?/W@O]I27P/^Q-
MHOC6>U;4IM)AM;*]A9MDC%+A+:0Y[/C+<]_K75^._P!HF8_`Q?'G@BUL_$]A
M;`7%S:EFCE:`?ZP`C.R2/JP93PK<=*N&:X=PYKZ\JE;=V?D)X6HG:W6U^ES9
M^.'CKP5IGAJ[TGQ;X@LM)MKZ(I)%_:!MKB5,\A=C"3!Z';U&17*_LF^`/AII
M<&H:_P##JQO8[.\/V-KR9[@QW00Y/EB8Y*AN-P`&01SBN4\)^(/"?_!0'P](
MFM>`-;L(X5(CU<^6$A8'[D5P"&8Y_AV%?[PKWOP)X'T[X<>$=.T/2H3!I^F0
MK!"I.6P!U)[L3DD]R2:YL,WB\1'$I1=-+W96?-?YVM\C6JO8TW2;:EU73\-S
M7HHHKVSA!AE2.F:_.C_@KK\`5\*?$'2_'>GVQ2S\1+]DU%D^ZMW&OR,?0O&,
M<?\`/(D\GG]%SSQZUY+^W!\(D^,O[,?BK2U0M>VUJ=0LSC)\Z#]XH'^\`R?1
MS7S?%>5+'Y;4I6]Y+F7JO\U=?,B<;JQ\\_\`!(;]HIM1T75/AUJ4[R3:>#J&
MD[C_`,L2V)H@?]EV#`?[;=A7W`#D9K\6OV:_BO/\$?CGX8\2Q2&.+3KQ!=9Z
M/;O\DRGZQLV/0X/:OV3U[Q-:>%_#%[J]]/'!I^GV[W4\S?=CB12S-]`H)KPO
M#_.7B,N=&J]:6G_;NZ^[5>B1-.5UJ?.'_!3G]J=O@K\+AX9TBX,7B3Q5&\8=
M#\]I:?=DD]BV=B_\"(^[7R[_`,$P?V:_^%R_&G_A(M2MEET'P>4N"''R3W9.
M84]PI!<_[J@\&O(/VC/C9J'[1OQFUCQ-=+,!J$WEV5LQ+&VMU^6*(#IG')QP
M6+'O7ZC_`+$_P$C_`&>OV?\`1-&E@2'6+B/[;JK#EFN9`"P)[[!M3Z(*\'+Y
M/B'/WB9ZT:.RZ.VWS;]Y^2L2GSR\D>LQ(40`X)`IU%%?KYN%<_\`%*+43X$U
M*;1;2QO-;M(6GT^.[0O$9U!*=""#G@$$=>M=!2,H<8/2HJ0YHN.UQIV=SRS]
MG3XAW<OP\\*Q^+-2,OBSQ9!-J*0.GEL4!W;50`!%2-HQCCGGJ37J7F].",UY
MWX]_9^MO$OQA\.^.;/4;VRUO02(2C-YMM<6QW"2/8?NL5=L,#UQD'`QDR?#O
MQ]IW[06HZU97^B77@G6H88;S3+N67SD*QA&DC`0H&]LX8<'L1YM&I7H15.<'
M))J*:U;5OB>W7?U.B483=XNVE[>=]E\C6_:.^*5M\-O`=U<7WA/5_%6FS(ZW
M<5I%'+#'&!R9@S9"$9R0K#`.<=[G[/VEV=K\.;*\M/"NG>#CJN+Q].M%0!-P
M&TOM107,83/''3)Q6!\$/V:9_A#XFU2\/BSQ%J6GW$[M8Z9-<L;2RB8\+M8G
M<PZ;N.`.">:]86,+CKQ58:E5G5^L5ERZ62T=M=^:U]5T%4E!1Y(:^>OW6%HH
MHKTSG"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H
MHHH`****`"BBB@`HHHH`****`"BBB@`HHHR/>@`KFO%_Q)@\+ZI;645EJ&J7
M5Q-'%(EE%YQLE?.V68`Y2/(/S8/0G&`<='*-R$=C7FWPKCMO^%G>-'N?[,EU
MB&\1))8--\B5(6CW11/,1NF<1A6./E4%0.AKEQ-22Y81=KO?\32$4[M]#2\,
M_&1;_5M.TS6-+O\`0M4U*&XFCBG*O$!#<"`CS%.,L7B*]`PE7&2<5W->;_M+
M7&ER_#@6M[+I9O+JXA&GP7U^UG'=7*R*\:;E^=@'5&V)RVT#CK7H5D'6V02?
M?``;'KCFE0G)3E2F[VL[^O1_<$DN521-1576M8M=`TR>\O;B&UM+6-I9II6"
MI&BC)8D\``5YAH'[5ND?$C0?$MUX(M)O%%YX:=1+:*WV9[M2,[X=P)8<.!D#
M)0X[$U6Q=*DU&<M7>RZNRN[+J*%*<E>*T1ZS2,H<8(!%>1>"OVNM$UKX2:?X
MQUNUN?#NFWFHMILGG9E%I("P#2%0"JDKC.."1G`R1ZMI6K6NN:=;WEE<0W=I
M=1K+#-$X>.5",AE(X((YR*=#%4JR3IRO=)_)[.PZE*4':2\C&\<?"W0?B'X6
MO=$U;3H+C2]2D66Z@!:(3NK*P8E"#G*+SGL*S/AC^S_X2^$$%[!X=TK^S[;4
M<"Y@-S--%+@8R4D=ES@XR!DCBNTHIRPU)S51Q7,MG;7[Q>TER\M].Q!8Z9;:
M9:1V]M!%;P0J%2.-0JH!T``X`J>C<!GGI1GZULDEHB`HHHI@%,N85G@9'561
MA@@C((]*?2-T[Y%)[#1^)GQO\##X7_&+Q5X>3/E:+JEQ:1$]3&DC!#^*[3^-
M?4/[4O[6$M_^P?\`#;PQ;74CZIXKTV(ZE('^;[/:L82&[YDEC[=HW!ZUY#_P
M46TA=&_;-\;Q*N%EFMY_8^9:Q.3^;&O&KG4+B]M[:*:>6:.SC,,"NQ81(79R
MJ^@W.[8'=B>]?S74QM3+*^,PE'3FYH>B4O\`)67J<SE9M'M7_!._X,Q_&7]J
M+1(;J(RZ9H.=8NUQD,(F7RU/;!E,8([C-?K6J!>@Q7QU_P`$=_A8=!^$6O\`
MBNX@"2^(KX6]LY'+06X(R#Z&1Y`?=*^QJ_7^`<M^JY5&I)>]4]Y^FR_#7YLU
MIQL@HHHK[8L****``C/44FT>E+12L`!0.@HHHI@%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`C':I//`KSIOBMJGCK4;J'P7!I.HV=LL]N^HSSL8[>[C/$;Q84M
M&V&'F(S<D'!&:]"O(VFLY45BC.A`;^Z<=:X3X$:LUMX,BTS4)]2&K:=N$Z:I
M,KWLB>=+$LSA<JJR-$Y4*2-H&":X\1*7/&"E9.__``W](T@E9NURSX7^)5Z/
M$+:1XCT^'2;N<PQ6,BS[X]2D-OYLRQ@\CRRK@\D$`'.>*O>,_A99>,]3M-0,
M][8W]C'/'!-;3M'CS8C&Q9>C$`@J3RI'!`)!P_B'=KXA^(7A&UT^0QW4-R]R
MUTFDM=*+=<>;&MP2(X2^T*2-SD<``'->AQD%<@YK.E&-3FI5'S)/1_<^G5?Y
M#E[MI+0XOPQ\&TTG5X=0U+5]5UR\C@BB?[5,3;R21GY;CR!^[6;&`74#.T'`
M.:[-P%0`<`4ZFR`E>.M==*E"FK05B)3;U9Y1\5-#^*'B/XF:=)X4U31=#\/:
M;'_I'VY3.=2=SDCRU&0J@``[T.2W;!KO-"\`:5I>HC4TTK28-8DB\J:[MK58
MI)`<%EW`;BI(!P2>@KQWPQX(\+?#[]J74M0UC6UU3QEXIO7?2M*A=I#I\'EY
M,C+T4E58[FP,<+DDY]^CX6O/P$%.4ZE1>]S/1RYK6T7E%VZ+YZW-Z[:48K:W
M:U_\SCOBI\$M%^*G@"_\.WENEO8:E<1W5QY"A&=UE61FR/XFVX)_VC7(?"SX
MDZ]JG[0OB;PY!H4\?@C1+>&SLKY(Q%;P7$2#?&,XW9+E<+G;Y0Z9KV"0X4\C
M.*\F\0^'_B#XC_:`T"ZCETK3_`FCRRR2P1W3&ZU!S!(H=UV8P&<83=CC<<G&
MUXVER5(5J:=[I.RW6MDWT2NV_0*,[J4)-6L]^_EYZ'K0.>U-DE$8).<"B/(&
M",8IEW$TL+JI*LPQGKBO3;T.9'`R_%34?&NJ75MX.ATO4;2U\^VGU":=]EI=
MQDA8VBPI>,D%=\;GGL0#5WPI\2-0CUN/2_$NG0:/>7"V\=I(MQOBU&=K=I9H
MXQC(\LQR=SD;3G)Q5+X$ZBVG^$4TG4;G4CJ^GETG&J3J]Y.HFDB6=@ORJLCQ
MOL521MV\G-0_$[/B+QQX1M=,G>"]2^^TM=KI+7:+!&0TT0G)$<!D";"<E\$@
M+R37E1JSY%5YM7;32VME;Y???R.E1C?DMIW/2%8,,CI2TV'A1D8-.KU4<P4,
M<=LT4C'`S0P/RF_X*@E3^V7XD"D9%O9AO8_9H_Z8KY]S7L__``4+UH:]^V5X
MYG#!ECNH;?@Y`,5O%&1^:&O/O@IX4/CKXQ^%-%"&1=5U>UM6&,C:\RJQ/L`3
M^%?S'G<77S:O&'VJDDO5RM^9RR^(_7;]EGX<O\*?V=_!^A2QB&YLM+A-PF,;
M9G7S)1_WVS5Z!21Y\M<]<4M?TMAL/&A2C1AM%)+Y:'2D%%%%;C"BBB@`HHHH
M`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`
MHHHH`****`"BBB@`HHHH`****`"B@]#QFO//VA/CU;_`SP_8S+I=WKNIZE<K
M;VFF6F3<7`SF1U`!)"K[=2HR,YK&OB*=&#J5'9+<N$)3DHQ6K.YO]6M].#&:
M5(Q'&TK`GG8OWFQUP,C\Q6%X*^,/ACXCBZ;0=>TO5TL=GV@VMPL@AWYV;L=-
MVTX]<&O.?`?P$LO$'Q"T[XEZ;J'C/2-7N01=6&M9<&%^'@:-_F0=UVN5!"D`
MXQ720?LU:!HMSXZDTNW-HGCRS6WO85`$2R!)E,BCL6\[)`XRN>I-<4,1BIM3
MC!<NO75JVC7:[T::TWU-I4Z4;IR=_3K?5?\`!/2!\RC(."*YCQM\']`\=B=[
MZQ`N+E(HY+B"5[>=EBE66,>8A#?*ZAASQSCJ<^6_!WQI-^SEX?\`AYX(\::I
M=7OB'Q0LP\VYG$@LW7:4@W'DCYP@.3EN`<8`]Z!S6U"O3Q,+26JM=/5IM)V?
MR9$X.G+1Z='WU_X!C>%?`FD>$)K^33=/M;2;4IS<W<D:`/<2GJ['N?\`$^M;
M(`7@#%%%=<(**M%6,Y2;=V%(P!&#2T$XZTV2><?$;X5VFG>/Q\1;&PEU#Q#H
MVCW-M#:0A0U\QP8QDX^8?.H]I/8"N/\`!'[5C>&_V>]$\3^-(KJWOCJAT?65
M\KRI+";>XW-&0"`%"$@<@-P#T/J_BSXF:'X-U#3K/4=0@MKO5I3!9P-_K+F0
M#.Q1W)Z#U)`ZD5A6GBKP5\8;:WT^[@L+]K]&ODT[4[("1Q'(T+.8I5SE74J<
MC(XSC(KRJU'EJ2>&J*,G?3=.3MJ^M]M.S.J$[Q2J1NE;7R70Y?XN?M-V?@OQ
M!H^CSZ)K^LZ5XOMLZ;J.@R><\Q(^8+M*L"%*L&1B<'(Z&KWP%_9ML?A9XJU7
MQ"=4UO6KS5U5;=]8E,UU80D;FBWDG)+=3Q]U1SC)]%T+POIOAS3X+73K"TL+
M2V!\F&WA6*.,$Y.U5``SGM6D3CK6L,%S556KM2:UCI\.FNO7RNM"'6M#DIZ7
MW\PHK&\<_$'1?AKX<GU;7M3M-*T^WP&FG?:"Q("HHZL[$@!5!+$@`$G%8OA#
M7==^(<L>HR6,_AW1#DPP74>-0O!GY7D0\0(1D["#(0R[O*92E=CK14^3J<[9
M:\=?![P_\0%G;4;']_<QQQ27$$KV]PRQS).@\Q"&^61%8<\<XZG.AX5\`Z1X
M.FOI].L+:UN-4G^TWDJ+\]S)C&]SW/\`4D]S6P/D09Z`5QOC+X[^&O!E]J%G
M<WYFU#2[3[?=6=M"\]Q#;Y`,A103M&03CD`Y/'-9SC0IOVL[+S_KYFD>>6BN
MSLP`.@HK*T#QII?B2[O[:RO;>XN-+F\B[B0_/;OC(5AU&001V(.16J"#TK>,
MU)7B[DM6T85!J5Y'IUC-<3.L<,"&1V/15`R3^`J>O)_VX?B2OPM_96\::FK;
M;B6P-A!CJ)+@B!6'NOF;O^`USXW$QP^'G7EM%-_<KBN?DW\5_&\GQ+^*'B+Q
M%(&5M<U*XO@IZH))&8+^`('X5ZE_P3>\.KXC_;)\(K(N^*R:XNV]BEM(5/\`
MWWMKPWH2!G`KZ;_X)*V`O/VLA*1G[)H]U*#Z9,:?^S5_-^0)XC-Z#EJY33?W
MW9S0UDKGZ@K]T44#H**_IE,Z0HHHI@%%%%`!1110`4444`%%%%`!11D8SVHH
M`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`
MHHHH`****``]#7DOQ1UCX@WOQPT71O"ZZ;9Z`UD+G4]1N[0R^1^\8;$.1EV"
MC"_B>*]:/((]:\F_:J^$_B'XJZ'H5GHNJ7EI9IJL`U:UBD$:7=FSJLA8C!.P
M9;;G!&[()Q7#F*G[%NG=M-.T79O7:_Y^1OAVN>TK:]SU6U4",'.20.?7WJ2N
M%\`_'G0O&][XOAM[B*&V\&77V6[N'<"(A8]SN#V56$B\_P#/,GI6[XG^)6A>
M#%LFU;5].TV/47*6TES,L44S8SM#L0N<<@9R><=#6T,52E#G4E;O?SM^>AFZ
M<D^6QY!^UKX^\,?"+6K+Q%/HB>(?&P@-MI$$D;2I9KO)\\J`0F&_B^\<``@;
MB/=[9B4&3DFO)#K'Q3U_XWV%HL'AZS\!,#=G4K+-Q-.BGB$ESA68D<JF-NXA
MB1QZZY$2[NN*X\%=U:M5:1;VLEJMW>[O?373;0UK)*$([M>=_EY6'U@^+/B7
MH_@2"2?6;HZ;9PC=+=W$3I:PC^\\Q'EH/=F`KDM?_:.AL[_Q#I^EZ%K.JZOX
M>B6Y:R:!K1[^+=AWMS(!YH0XSC@[AMW9&=7PK\:=*\8>*(=":.YL]6N=)AUA
M+::$D26TO&X,,K\KY0@X.1T(YK=XZE)J,9:O;33JO3H^IFZ,[7L=9I.MVNNZ
M?#=V4\-W:W"AXIH9!)'(IZ%6&00?459DY7FO"_BW^RC?Z3=W/BCX1ZP?`WBX
M9EELU&[0]9[E;FU^X';_`)[(`XR3DU3_`&5OVY+3XU>)+_P/XNTIO!/Q/T(E
M-0T2X;*W!5<M+;-D[T(^;&20I!RR_-4+&J%14<0N5O9]'Y7[^3^5SG]I:7++
M0[CX8:;:ZSX]\97TZH-074/L\UO_`&O)>HD:<1.T/$<#LJA@H!8*P).6Q4WQ
MVT!3H":G:6FIS:G83PR1C2U07=PJ3++Y.]N$C:1$+D@@JI&"2*M^)/A?=)XA
M?6/#NHC2;VX2Y>ZA,0:"^N'@2.*:3N6C,:8Z@C<,9.:IVOPCOO%FMV=[XONM
M/U6.R\BZM[**U"Q65XF-TL<AP[(2`P1\X/4G`QC*G/D=#DU;WT2[W\G\M6OF
M=?-'F4F_E^AZ%$?W*''\(_E7F?[3'[4F@?LV>&[62_2XU37]8E%KHNAV6'OM
M7N"P4)&G]T%EW.>!D=20#!^UK^U9H'[(GPEG\0ZRWVFYD/V;3=/C8"?4;@CY
M44=@.K-_"!T)(4^:_L3?LW^(M4\12_&/XK[KSXB^(X<65G(K+%X8LV'RV\4;
M$['(^]_$`2"=S2%ZQ.+G*HL+A_B>K?2*[OS?1??H<DIMOE7_``QUWP3^`_B#
MQ9XCMO'_`,59K?4/%P&_3-&A.[3?"L;#/EQ+R)+GL]P<G^%<*.?<$0("`.M"
MJ%&!FLWQ)XSTKPA:RSZIJ-EI\,,9F=YY5C"H"`7.3]T%E!/0;AZUUT:-.A"W
MWM[M^;_KR+A&VB)_$-U-8Z!?3V\)N+B&WD>*+<$\Q@I(7)X&3QD\"N-^`OA_
M3[?X<:?/;NMV;LR32N=5DU1!*6(D"32=1N!SM`7.<#GGLM/U>TUZR$MK<6]U
M!(H.Z-@ZD,H8=/52#]"*XE_AEK?@^XN#X5U*S@L9)+00:9=08M;.&,R>='&4
MY'F!P0<':P[KA1G73<HU8KF5FM/Z\K/Y>9M!Z.-[,;XBT`:+\9-`U"QMM3"W
M[7*7HLT6.U9FB3]]<L>78""*-`.1D\XX/H:=.]<7X-^$HT[Q.^NZW=1ZUKT(
MEM[6^-LD$D-LS[A$0GRLP``+X!/.``2*[4#'`JL+"2YIM6YG>WR2_3S%4E>R
M[`>AKXV_X+'_`!!72/A)X:\-(VV?7-2:[<>L5NF"#]7F0_\``:^R37YI?\%?
MO&R:_P#M%:5H\3[TT'2$$B_W)97=S_XYY7YU\SQWB_89/4MO*T?O>OX)F%1^
MZSY0KZK_`."/J*W[4.JD@$KX<N"/8_:+8?RKY4KZD_X)#W(M_P!JJ[0D`SZ!
M<Q^_^M@;_P!E_E7XQPH[9OA_\2,:?Q(_3@=!10.@QTHK^F#I"BBB@`)P"?2D
MW^U8?Q%\;1?#_P`(WNJS"!EME`1);F.V65V8*B>9(RHN68#+'OWZ5R_]A^/)
M-.2]7Q#IL5T48BTDTQ5@7=+&ZA]KN^]$$L9VN5;<IX(YYZN(Y7RI-O?0N,+Z
MW/1116/X$\4'QEX6M-1:TN+!KE,M;W"[98""5*L.Q!!R#R.X!XK8K:$U**DN
MI+5G9A1115""L;QQXJ?PGI`FAL;S4+B:1888;=`S%F.-QST4<DGT'`)P#LUR
M7Q9\+7&NV&GWUE:PW>H:#=+J%O$\:.TI56#1H7(5'=6*AS]W=VZC'$2DJ;<-
MRH).23,75/$'C/P7ISZQJ@T6^T^WCCDO+:S27S8$2.4SM$3RY8B$HA7/++D\
M,._TZ_74+.*9%D594#`.I1AD9P0>0?8]*\^\1>.-;\3Z+-H^F^'M5MM1O%^S
MO/<QO%:VC/"K[FD22-RGS,F^$EE=.G0GN/"GA^+PMX;L--A`$-A;QVZ`%B`J
M*%'+$MV[DGU)ZUAAY7FU%MKS[_UN7-62NK,T:***[3(****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*1U##!I:*30'`
MW/[/?AV%?%;:5:KH\WC"Q:RU$VWRQR$JZB7R_NAP)&Y&,YYSUKF?#_[(.G+\
M(#X'\1ZSJ'B?0X9HY;/[0HBGLMASL5UYV]O4`D`X(Q[)17%/+</)W<%LUY6;
MN]-M7KZFRQ%1;/\`I&1X+\#:1\/?#=MI6BZ?;:=86JX2&%=J^Y/<L>Y.2>]<
M?^TO=BX\"6VC-INO:NOB.^CTYK?29U@F*E7D8LY^['MC(8\<'KUKT>N5^,WP
M^N?B;\/;_1[/5;W1;F\V`75JY210&!9,CG:R@J<'HU5BJ+^KRA2731*WW:Z:
M[>0J<_?4I=S3\'^%K7PMX=M-/MS<206D01#<7,ES+CWD<EF_$]`.@&*X?]IW
M0]/3X<W^H7&N0^$UB:V>ZU98]UPD,,XE$4?()9G&`.>6/!Z&OIW[1EAX5MKM
M?$NGW/A>UM=?_L&U:YB**\9B+0SD]!&^UAN&0".<`$BMKWB_7_B_XCN]$\-S
MWOA>XT&^6'4I-1T43PW465.Z"8EH]QC.Y0P)(<9`YKEKXBC.BZ4-6U9+K^:_
M-;:&D*4XSYGTW?\`5_UW/3/!GB&#QEX+TG5X%E2WU6RANXUDP'"R1AP#CC.#
MSBOF#_@I]^R5=?$KP3!\2/!?G6'Q$\`K]LM;BT.R:[MHR7>/(Y+I@NGKAEQ\
M_'UC!&(H$0``(H&,8[4D\2S1,K#<IZCUKIQ>#CB<.Z%5[K?SZ-=K,Y*L%-.)
MX/\`\$\OVPK?]L7X'1:I<^5#XFT4I9:U;HNU1+MRLR#M'(`2/0AUYVY/LWC3
MQ;IWP_\`"NI:YJUU%8:7I-L]W=7$APL4:*69C]`*_-'X0W:_L$_\%;]3\*Q!
M['PCXRNA910J2(A%=XDMB!TQ'.PBR>0-_J:[?_@L7^T1?>./%OASX%^$I5N-
M0URYMGU98VRS2R.HM;4XZ9)61@>WE'IG/@8;/94LOG.OK4IMP?\`>ELOO_S.
M:.(:IMRW6GS)?V5=)U'_`(*4_M9W_P`7_%5LZ>`O`MQ]C\,Z5.N4:8$.I8#A
MF4%9)"<Y=XQRBXK]!EC5.@Q7#?LX_`_3_P!G/X*>'O!VF8D@T:T6*6;8%-S,
M?FEE([%W+-CMG':NZKV<JP<J%&]5WJ2UD^[?Z+9&U&#C'7=[D5]<BSM9)6#$
M1J6(49)P.@]Z\[^$OA"#QMI47B?7[&ZN=7OA+Y?]K:=;V]Y96TF?]&(CW'RM
MK9V2.QY&<$8'H[J6P,5YNWAKQ)\)([^/PMI5KK>D$I/;V4ET([MII;MGN29)
M,*1Y<OR9;CR@.<UMB8OGC.2O%7^_H[=3JIRT:3LRIXHL+#X/?$/0[W39+33(
M/$E_!87UNL+237^R,6]M'&HP$2,/N9R>!&!@Y`KU7&?PKA]!\(Z[KGBY=6UZ
MXFLDTZ606-G87K+;W439VM<Q%<>8H/0.RYY["NXIX2%E*RLF]%_7=ZA4>VMV
M``&<=Z***[#(1ONGZ5^/?[<OB4^+/VN/'ET6+>3JCV8YS_J%6#'_`)#K]@KB
M58+>21R%1%+,3V`'6OPW\8^(I?&'C'5]7FSYVJWLUV^>NZ1RY_4U^6>*.(:P
M]"@NLF_N27ZF55Z&=7T/_P`$MM7&E_MC:)$6"G4+.\@'OB!I,?\`D.OGBO2?
MV.O%I\$_M2^`]0W;$_MB"VD;H%28^2Q/MMD-?EV25U1S"A4>RG'_`-*5_P`#
M*#LT?LFO044B?<7Z4M?U&F=0444C.$ZG%.X&-X]\*?\`"9>%[JP$YM9)0&BG
M$:R-;R*P974,"-RL`0>H(R""`1S+^+/%KV2V`\-[=0>-2US'=QM:0[I94)!;
M#.418Y""J[E<@88;:[[STW!=P)-4?$'BW2_"=NLVJZC9Z;`QVB6ZE6&/)Z#<
MV!D]AG)KGJT>9W4FM/(M3LK-%/X<>$_^$(\'66F&2WED@0M+)#`((Y)&8N[A
M`3M#.S'&2>>23R=+6-:M=`L7NKR>*WMX\;G=L`$D*![DD@`=22`.:GCN8Y5#
M*ZLIY!'(KC/C=9S7&CZ7.H#V-CJ4$^HQM#!(CVPW!F<S*0B(661F4;\1D`C)
M(*C5*D_9K;8(^]+5[A!\:[8SPM<Z)XCTZRN6B2.ZNK+RX]\CNFUESO3:R@$L
MH&'5@2N2.UCD66-75E96&00<@CUKAO''C_P]=?#B93=V]]%JUJT5M:1/F:]W
MQ!A'&@979BCJVU2&PP(QP:Z#X>:?<Z7X'TBVNPHN8+.%)0L`@4,$`($89@@'
M3:&('J>M11J2<W%OF5KW73^MT5**Y;VL;5-DQ@Y!(`K&^(GQ"T7X5^#=0\0>
M(=2M-(T;28C/=W=R^R*%!W)^N``.22`,DBO%_!%YXG_;0>/6]5M=2\)?"N7#
M:?I+`V^J>)TW`K/=GK#:.,%8%(>1>9#L8QG6=9*7(M6SFE42?*M6>S>&_'>F
M>+[R9-*<W\%L[Q2W<.&MED1MK1B3H[!@P(3.TJP;:>#NCH*Y;QMXA@^&'@VU
MCL+2S5O-AT[3[/SH;2-F8A4C3>RKPN2$!R=N`,UD2:3XTT'2UU&?7;;4YK94
MDN+5-+"1S(LI:3RU5BXD:$[0-[#>JD<$BHE7<'9INV]NAO&%U>]CT"BJ'A?6
MQXC\/V=\(F@-W$LC1,06A8CE#CC<IR#[@U?KHC)-71+5M`HHHIB"BBB@`HHH
MH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
M`H89':BB@"K?Z-:ZI&$N;:"YCSNVRH'7/K@U-';+"H5%557@`#``J2BDHJ]P
M`9[TC$XP.]+01G'M0P/S$_X+B63^#/VB_AQXKM0$O1IY56'!W6UR)%_(S5C?
M\$LO#VI?M7?MZ^)?BAK\23MHZS:K*<;HXKJX)C@C4'LL?F[?3RE_#?\`^"^.
MK)-X[^'%D"#);V-].P[X>2$#]8S7K'_!"_X=-X>_9IU[Q%+'LE\1ZVZQM_?A
M@C1%_*1IJ_.HT/;<13I?9BU)KI=16OWL\U0YL2UTW_`^W$&$4>@I:!P`/2BO
MT9,])!1110`4444`%%%%`'/_`!9U7^Q/A=XEO,[3:Z5=3`]/NPL?Z5^(>T#&
M,U^T?[34YMOV<_'TH(4Q>'-1;)Z#%M)7XN5^->*-1NO0AY-_BO\`(PK=`JSH
MNK2Z!K-I?P';/93)/&<XPRL"/U%5J*_+8R:DFNAE<_<OPIXDM_%OA;3=6M&W
MVFIVL5W"W]Y)$#J?R(K1KPK_`()R?$&/XA?LD>%V$HDN=&C?29USDQF%B$7_
M`+]&,_C7NM?U3EF+6)PE/$)_%%/[TOU.M.ZN%</\7;N[N]0T718GN[6SUF=X
M[VYCC'EK$$P8FD\V-HVD+`*4W-E3@<$CN*P_'7@J'QKI?E&62SOK?>]E>1*I
MELI6B>/S$W`C<%D8<^O8X(WQ,'.FU'^O+Y[&E.24KLY#Q5\,;3P'X:DU;01/
M9ZKIJ+.C^9/<?:2D#0CSD7<\Y"-D+R7=(\G(S7?6#1ZSI44LD#*ES&&,<RC<
M`1]UAZ\X(KD;_P"&.J^++MH=?UB*\T9;B2065O:_9_.3<K1!Y`Q;*$,#@@."
M`1P2W<I$(^A.*QP]+ED[1Y5V_4<Y723=SPWXK_LQZ[X4-SXB^#>MP^#?$J#>
MVCSJ9?#NL8Y\N6U'$#M_SV@V/G[V\5A_LO?MXCXL?$>]^'/Q$\+3_#3XHVD2
MW::%>7:7$6I6S`LLEM,N%E(4'<HY&UNNUMOT>RAA@YQ7RE_P5<_91N?C3\$U
M\:^%&NK#XD_#,-K>AWUG\MS*L6'DMP1R<JI91_?4#HS`QBJ<Z476H]-7'HUU
MMV?IN<56,H+GI=.G?_@GTS;>"=(M+XW46E:=%<L48RK;(KY1-B'(&<JA*CT!
MQTI_BWQ9IW@?POJ.L:M>6^GZ7I5N]U=W4[A(K>)%+,[$]``"<UXU_P`$ZOVO
MH?VT/V9=(\4LD4&MVI.G:W`F-L5Y&%+LH[*ZLL@'8.!SBOG3]M_XBZE^WK^U
MWHG[-'A*\N8?"NE2KJ?Q!U*RDP5AC*L;;/0;257O^]EC!`\LY)XRG"@JE)7Y
MK67=O^M1U,2N13CK?;S.L^"]OJ7_``5`^*4/Q#\26T]I\$O"E\Q\(:%.NW_A
M([N)MIU&Z4C#Q*P8)&<@-G/1M_U/>?&[PKHUY-:2ZO;"6UFDMYP@9UMI(X6F
M=9&4$(1&K-\Q&=C`9((#M5\'1>!_@Y-HGAFWM--ATK3&M-.A"2>3;*D15`!%
M^\P`!]SYO3FH_AI8:7-\-M-@MTBDMFLHXGC=6)&8P2C!V=E^\?E9B1G&344H
M5*<N6Z<FKMOJ]K=-ORZ&]"DHQO+5O<T/%&E)X[\.V<UE<H-LT-]:3QE6$@5@
MV%?#;1(FY-Z\A9#BN;N_$GC'7M-&E+H']G7MQ%%%<:@\\4MK;EX=SR(F=TJI
M("A4[2<J03\VVW\"IHKG0=5ELYEN--DU:Z:SD$S2Y3?\R\HH4+)YBA%!50`,
MDYKN@#QDFMHT_;)5$[76MNIJWRMQW,WPAX?B\*^&K'3H$A2&RA6)1%$L*<#J
M$7"KD\X''-:5%%=<8J*45T(;N%%%%4(****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*1^G7%+45
M].EK:R2R,J)$"S,W`4#J32D]`/QU_P""Q_Q2'Q"_;2U/38FW6OA&PM])0@\,
MY4SR'ZAIBI_W*_1'_@ESHBZ!^P=\/857:9K6>Y;W,MU-)G_QZOQN^.OQ%?XN
M?&?Q9XI<,/\`A(-5N;Y5;JB22LRK^"D#\*_:/_@G$XD_8>^&Q!!_XE*CCUWO
MFOSKA>O]8S:O7[J7W<RL>;A)<U:4CVRBBBOT8](****`"BBB@`HHHH`X3]IZ
M'[1^S?\`$",@D2>&]17'3.;:05^+U?MS\8=+.N?"7Q19@$FZTF[B'_`H7']:
M_$7()XS7XUXHTVL10EW4OP:_S,*SV%HHHK\L,C[E_P""-?Q2C@OO%O@R>0K)
M.(]7M%[';B*;\>8?R/I7WO7XX_L;_%W_`(4C^TEX6UV1@MC]J%G>[CA1!-^[
M=C_N[@_U05^QJ.&Z$&OWGPZS%5\L]@W[U-V^3U7Z_<=%)Z6%H(!ZT45]^:!M
M![=****`"HYU#@@@'(J2D)`ZG%)@?CM\%OVCU_X);?M-?M/>&7:**".VFO/#
MME+PDUW]H7[#'M]/)O-[8QE8FY&!CZA_X(6_`.?PW\`-8^*6N^=<>*?BAJ4M
MW)<S_P"L>UCD<*>1G,DIFD)_B#(>PKX(_P""R=B=?_X*=>.K+3XC/=W;:5;J
MBXS)*VGVJA1[G('UK]N_@]\.[;X2_"KPUX8LU46OA[3+;38MHP-L,2H#^.W-
M?+913E/%SA+X:3DEZMO]#QL%%NM*/2#:7S9TC*&&",BN1U;X(>'-7NY9);$H
MEP9FGAAGDBAG:4HSLR*0I8M&C;L9##(.22>OHKZ:I2A/XU<]N,FMF16=I%9V
MZ1PHJ1Q@*JKP`!T`J6BBK2[";"BBBF(****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"N`_
M:K\6#P+^S-\0-8W^6^G^'KZ:,]_,%N^P?4M@?C7?U\]_\%5-:?0?V!OB%,C%
M6E@M;;WQ+>01G]&-<>8573PM2:Z1;_!D5)6BV?B4#D`GFOVM_P""3OB./Q'^
MP3X&*N&DL5N[.4#^$I=S`#\4VG\:_%/'7TK]2/\`@@_X\_M;X(>,/#;REY-$
MUE+U%)^Y'<0A0/IN@<_4FOR_@NNH9AR_S1:_)_H>5@)6J6[GWA10/SHK]<1[
M`4444`%%%%`!1110`RZ@2[M98I%#1RJ48>H(P17X:>*=`E\*>*=2TJ<,)M+N
MY;60$8.Y'*G]0:_<U^5(]J_'S]N;PJW@[]K?QY:%-@GU-KX<8!%PJSY_\B?G
M7Y9XHX?FP]"O_*VOO2_R,:RTN>3T445^-&($[03TQ7Z]_L*_&0?&W]FOPYJ4
MMR;K4K"'^S=19CEQ/"-N6]V38_\`P.OR$-?7/_!(_P".Q\%?%Z_\%WDJ+8>*
MHO-M=S8V7<2D@#M\\>X'U*(*^VX"S583,E2F[1J>Z_7>/XZ?,TI2LS](Z*1&
MW@$8P:6OZ"3.@****`"F3G`)'!Q3Z\V_;"^*4OP5_9=^('BFWD\F\T70;RXM
M'SC%QY3"+_R(5J*DU&+D^FI,I63;Z'XN^%?%Z_M'_P#!8/2]:F9+JTUCXCPS
M19&5>UAO%\I3ZCR8D%?O6.@K^=S_`()NW:VO[>?PHDD/#^(K9?Q9L#]37]$8
MZ"OG.&9<U.K-[N5_P/+RF7-&<N["BBBOICU@HHHH`****`"BBB@`HHHH`***
M*`"BBB@`HHHH`****`"BBB@`HHKS;]I#]I32_P!FO0M/U'5=/U#4(M1N#;HM
MH$W*0I;)W$<8%8XC$4Z%-U:KM%;LNG3E4DH05VSTFBOE?_AZOX/_`.A;\2_^
M0/\`XNC_`(>K^#_^A;\2_P#D#_XNO)_UERS_`)_+\?\`([/[+Q7\C_`^J**^
M5_\`AZOX/_Z%OQ+_`.0/_BZ/^'J_@_\`Z%OQ+_Y`_P#BZ/\`67+/^?R_'_(?
M]EXK^1_A_F?5%%?*_P#P]7\'_P#0M^)?_('_`,71_P`/5_!__0M^)?\`R!_\
M71_K+EG_`#^7X_Y!_9>*_D?X?YGU117RO_P]7\'_`/0M^)?_`"!_\71_P]7\
M'_\`0M^)?_('_P`71_K+EG_/Y?C_`)!_9>*_D?X?YGU117RO_P`/5_!__0M^
M)?\`R!_\71_P]7\'_P#0M^)?_('_`,71_K+EG_/Y?C_D']EXK^1_A_F?5%%?
M*_\`P]7\'_\`0M^)?_('_P`71_P]7\'_`/0M^)?_`"!_\71_K+EG_/Y?C_D'
M]EXK^1_A_F?5%%?*_P#P]7\'_P#0M^)?_('_`,71_P`/5_!__0M^)?\`R!_\
M71_K+EG_`#^7X_Y!_9>*_D?X?YGU117RO_P]7\'_`/0M^)?_`"!_\71_P]7\
M'_\`0M^)?_('_P`71_K+EG_/Y?C_`)!_9>*_D?X?YGU17SA_P5LLWO?^"?WC
MT("S1_8),#T&H6V?R&3^%8W_``]7\'_]"WXE_P#('_Q=>>?M9?\`!03PC\;/
MV;/&GA:/0/$$,^KZ7+'`\@A*)*HWQDX<G&]5Z5R8_B#+:N&J4XUE=Q:Z]495
MLKQ7)*\'MY?YGY8CVZ5];_\`!&/XPCX<?M>1Z+<3^58^,K"73]K'"&=!YT1/
MO\CH/>3'<5\D<Y.<DUI^"O%U[X`\9Z1KNG2>5J&BWL-];/D@+)$X=3QVRHK\
MIR[%RPV)IUU]EI_+K^!\E1GR24C^B53E01G!%+7R5X<_X*W^#->T"SO4\-^)
M%6YA60J/((0D<KG?V.1^%7?^'J_@_P#Z%OQ+_P"0/_BZ_8%Q+EG_`#^7XGU]
M/+L3.*E&#L_0^J**^5_^'J_@_P#Z%OQ+_P"0/_BZ/^'J_@__`*%OQ+_Y`_\`
MBZ?^LN6?\_E^/^1?]EXK^1_A_F?5%%?*_P#P]7\'_P#0M^)?_('_`,71_P`/
M5_!__0M^)?\`R!_\71_K+EG_`#^7X_Y!_9>*_D?X?YGU117RO_P]7\'_`/0M
M^)?_`"!_\71_P]7\'_\`0M^)?_('_P`71_K+EG_/Y?C_`)!_9>*_D?X?YGU0
M>ASTK\W_`/@L3X#70_CAX?U^.,(FNZ689"!_K)8)""WUV21C\!7O'_#U?P?_
M`-"WXE_\@?\`Q=>$?M]_M;>%OVF_A;I]II^BZS8ZKH]\+F&>Y$6P1LC+(GRL
M3R2AZ?P"OEN,<SR_'974I4ZJ<E:2WW3_`,KF-?+<3&#E*#LM>A\A44`_G17X
M8>3<*N^&_$-YX0\1Z?JVGS-;W^EW,=W;R#K')&P96_`@&J5!Y%5";BU*+LT!
M^U/[/GQ@LOCS\(-#\56(6--4M@TT0;=]GF7*R1Y[[7##/<`'O79U^7G_``3[
M_;AB_9CCUC0=9LK[4M&U5Q=6RVQ7?;W`&UN&(&UU"YYX*#U./IO_`(>K^#_^
MA;\2_P#D#_XNOZ$R/B_!8C!4ZF(J*,[6DG?=?Y[GIX;"UJ\>:G&Z/JBBOE?_
M`(>K^#_^A;\2_P#D#_XNC_AZOX/_`.A;\2_^0/\`XNO6_P!9<L_Y_+\?\CI_
MLO%?R/\`#_,^J*^3?^"V?C$^$_\`@G?XRB5BDNLSV.GQG_>NXG8?BD;C\:M?
M\/5_!_\`T+?B7_R!_P#%U\L_\%??VY-"_:$_9/A\/Z5I.M6%P-<M;EY+GR_+
M9%2;*_*Q.<D'IVKDQW$.`J8>=.E53DTTEK_D<>/P&)IX:I.4'9)GYW?L[_$&
M/X3?'_P/XHE)$/AW7K'4I?=(;A)&'T*J:_I>C<21JRD,K#((Y!%?RWD9`YQ7
M[8?LU?\`!6CPSJGP#\(/?Z'XAN]1@TNWM[V6/R2DEQ%&L<I&7!P75B,@'&*\
MG(<UP^$4UB9\J=K7[GAY!"=64Z5-7>_Z'W#17RO_`,/5_!__`$+?B7_R!_\`
M%T?\/5_!_P#T+?B7_P`@?_%U]#_K+EG_`#^7X_Y'U']EXK^1_A_F?5%%?*__
M``]7\'_]"WXE_P#('_Q='_#U?P?_`-"WXE_\@?\`Q='^LN6?\_E^/^0?V7BO
MY'^'^9]445\K_P##U?P?_P!"WXE_\@?_`!='_#U?P?\`]"WXE_\`('_Q='^L
MN6?\_E^/^0?V7BOY'^'^9]445\K_`/#U?P?_`-"WXE_\@?\`Q='_``]7\'_]
M"WXE_P#('_Q='^LN6?\`/Y?C_D']EXK^1_A_F?5%%?*__#U?P?\`]"WXE_\`
M('_Q='_#U?P?_P!"WXE_\@?_`!='^LN6?\_E^/\`D']EXK^1_A_F?5%%?*__
M``]7\'_]"WXE_P#('_Q='_#U?P?_`-"WXE_\@?\`Q='^LN6?\_E^/^0?V7BO
MY'^'^9]445\K_P##U?P?_P!"WXE_\@?_`!='_#U?P?\`]"WXE_\`('_Q='^L
MN6?\_E^/^0?V7BOY'^'^9]445\K_`/#U?P?_`-"WXE_\@?\`Q='_``]7\'_]
M"WXE_P#('_Q='^LN6?\`/Y?C_D']EXK^1_A_F?5%%?*__#U?P?\`]"WXE_\`
M('_Q===\#OV]_#OQV^(UGX:T[1=;L[J\2219;D1>6H1"QSM<GD#TJZ7$&7U9
MJG3JIMZ):_Y$3R[$PBY2@TEZ'O5%"GCCI17LIG$%?*7_``5<_P"29>&/^PHW
M_HEJ^K:^4O\`@JY_R3+PQ_V%&_\`1+5X7$W_`"*ZWI^J/0RO_>H>I\,4445^
M*'W`4444`%%%%`!1110`4444`%%%%`!1110`4444`%,N(5N('C89612I]P1S
M^E/H/2@&KJS/F/6-.?1]7NK.0$26LK1-[X)&?TJO7HGQ<^&^HW?C.:[TZRGN
M8;Q%D<QKG:^,$'ZX!_&N7_X5GK__`$";W_OB@_)<9EE>E7G3C!M)O9,[G]GO
MQ>9+>XT:=R6C)FM@>ZG[R_@<'\37I]>`Z'X+\3>'M8M[ZVTN]2:V?>OR<'U!
M]B,CZ&O>-.NVOK*&9HI(&E4,8W&&0^A^G2@^WX;Q-66']A6BTX[73U7_``":
MBBB@^C"BBB@`HHHH`*CO;<7=I+$V,2*5/XBI**35U9BE%-6?4\X>-H971P0Z
M'!SZTE=[+H5G/*TDEO$[N<DE1R:;_P`([8_\^L/_`'R*\1Y5.^DD?(/AJK?2
M:M\SA**[O_A';'_GUA_[Y%'_``CMC_SZP_\`?(I?V54_F0?ZM5OYU^)PJ2-$
MZNI*LIR#Z5W>A:JNK:>DH(WCAP.@/^>?QI/^$=L?^?6'_OD5/::?#8!A#$D8
M;J%&,UV8/"5*,M9)I^IZ>5Y97PE1MR3B]UJ34445Z*/="O._VJ--_M'X*:FP
M!+VKQ3@?210?T)KT2LGQ[X<_X2[P7JNF`@/?6LD*$]%8J=I_!L'\*NE/EFI>
M9R9A1]KA:E+O%K\#X8'05]"_L6>.#/8ZEX>F8;X6^V6_/.TX5Q^!VG_@1KY\
MDC:*1D92C*2"",$'T/O6U\.?&DWP^\:Z?J\0=Q:29DC4X\U",.OXJ3^.*][$
MTO:0:/Q[)<?]3QD*TMEH_1Z/_,^X:*KZ5JD&MZ;;WEK();:ZC66-QT96&0?R
MJQ7SS/VN,DU=!1110,****`"BBB@`HHHH`****`"BBB@`HHHH`*]Q_X)U_\`
M)U6B?]>UU_Z(>O#J]Q_X)U_\G5:)_P!>UU_Z(>O2R;_?Z/\`BC^:.7'_`.[S
M]&?I%']P441_<%%?NL=CX$6OE+_@JY_R3+PQ_P!A1O\`T2U?5M?*7_!5S_DF
M7AC_`+"C?^B6KP^)O^176]/U1Z&5_P"]0]3X8HHHK\4/N`HHHH`****`"BBB
M@`HHHH`***S/$OBZQ\)VZR7DNTN?DC4;G?Z#_'`JZ=.522A!7;Z"E))79IT5
MS=MXDUS5E$EMHL=O`W*-=7&QV'J5`)'TJ'4O&6L^'4$U_HJRVJ_?DM9]Y0>N
MTC/\A73'`5&^5-7[<T;_`)D>UC_2.JHJGH.MP^(M*BO+<2"&8$KO7:>#CI]1
M5RN2<)1;C)6:-$[JZ"BBBD`8^O%&/K110.X8^M&!Z444`V%%'H,XS7.^&/&\
MVO>);^PDL)+=+/.)"2<X;&#QP3U_.M:="<XRG%:1U9#FDTGU.BHHHK(H****
M`"BBB@`HKD/C3\0]:^&WAJUO=#\+7OBZ[N+M;=[2UE,3Q(4=C*2$<8!4#G`^
M8<UY=XM_;(\5_#[PU+J^O?"?6-,TZ%E5YGU2(JI8X`.$SR2!TKJH8*K52=-)
MW\U?[KF4ZT(.TOR/H"BO!=$_:V\:>*?#EKJ^D_"'6M0T^]3S89DU2("1<XR!
ML)_2O5?A-XUU/Q_X)M]3U?0+KPS?3/(KZ?<.7DB"L0"257.X#/`QSU-*OA*E
M)7G;[T_R8X5HR=H_D=+1117,:!1110`4F?F')&*7-%`6/%?%/[&]IXA\27U_
M#K4EG'>SO,(1:AQ'N.2`=XXR?2J!_8?@Q_R,<G_@$/\`XNO>:BMKZ&^B+P31
M3(&*ED8,`0<$9'<'(/I73'%U4K)['A3X9RZ<G)TM7YO_`#.=^$OP_G^&7A-=
M)DU-]3@AD9H&:'RS$IYV?>.1G)_&NGKYR_96^)?B3Q=^TQ\2])U76+V_TO1+
MFYAM()7W)"!=LJX^BKCV%?1M&,H2I5.6;NVD_O5ST\%&$:,84U9+1+T"BBBN
M:YU!1111<`HHHH`****`"BBB@`HHHH`****`"O<?^"=?_)U6B?\`7M=?^B'K
MPZO<?^"=?_)U6B?]>UU_Z(>O2R;_`'^C_BC^:.7'_P"[S]&?I%']P441_<%%
M?NL=CX$6OE+_`(*N?\DR\,?]A1O_`$2U?5M?*7_!5S_DF7AC_L*-_P"B6KP^
M)O\`D5UO3]4>AE?^]0]3X8HHHK\4/N`HHHH`****`"BBB@`HHHH`;-*L$3.Y
MPJ`DGVKSCX>Q'Q_XTO=9NP7BM<&!&Y"DD[1_P$`_B<UZ!K,33Z1=QIG>\+J/
MJ5-<-\`I%-AJ2#[RR(?P(8#^5>Q@5RX2M4C\7NKT3>ISU=:D4]CT+`!.!C-!
M`8$$`@T51\3:N^@Z!=WB1K*ULA<(3@-CWKR:<'.2A'=Z&[=E<DG>#P]H\LB1
M!+:TC:39&H&%`+$`?G6!>_%S3;;1K>[2.ZD:ZW&.$*-^%)!8\X`R#^52Q>(&
M\4_#*]OWA$)FM9QL!R!@.O7\*I_!?28[?P>EU@&:Z=MS'D@!B`N?3@G\37IP
MPU.%*=3$1;<96M??>^IBYR<DHO1JYKW_`(YL=+T.UOKEFB%Y&KQ0@;I&W`'`
M`ZXSUZ5%)XONH8#</HFIBV`W;@8VD`]2@;-<U;2'7?C8Z3!7ATU"(4(^5-J\
M$#UR<_E7H?\`6L\51IX=03C=R7-OLGLD.$I3O9[:&98>+K+5=#EU"T=[F&%2
MSH@_>+@9*X/?VH\*^++3QAI[7-IY@1',9#@!@0`>Q/K7'^',Z%\9]1L8B%MK
ML%FC'W>4#YQ]2?SJ;X?8\*>/M7T4@B*8^=!GT'('_?)_\=KHJY?34)N%[\L9
MK_"]U\B8UG=7[M'4>*O&%GX/MH9;OS2L[[%"`$],YY(X_P`:U%=64,I#*PR"
M.A'K7#>.M!/CO4]11&)71[;;$.S3MAR/^^0!^-:GP\\317O@"&YE?)L8F28G
MML'7_OG!K"M@HQPT:D?BO:2]=8_A^)4:CYW%[=/U-6W\3V]WXAN-,B29YK5`
M\KA1Y:YQ@9SG//I4.C>,K77-<O-/ACN%GL"1(64!.&V\8)JK\.M.DBT>34)U
M(NM7D-S)D?=!^ZOT`_G6/\/$"?$3Q(``,2?^SM5/"TK5DOL)==W=)_*^P*<K
MQOU9M7/Q(TVSUF[L9O/BELUW.Q0%6Z8"X.23N&!BJ-Y\5X]-E5[O2=6M;9S@
M2R0[0?P)_K67I5A'=_'34'D56-O'YBY&<-L09_4UUWC6TCOO"6I1RJ&46TCC
MV*J6!_`@5K5HX:E4IPE%OF46]=K]B8SG)2=]KENUU6VO=.2[BF1K5T\P2$X7
M;C.3GICWZ8K(LO'!UU9)-+TZ\OH(VVF;<D2.?]G<<G\A7+Z%%<7WP,NHH"[R
M*6PHZ[`X9@/P#5U'PQGAF\#V`B8,$4HV.N[<<_CGG\16=?!TZ$*DG[W+/E^7
M=^HZ=1S:6UU<@T[XCC4[J:VATK46N;9MLL7[L,GX;LX]P#735P5M(+SXY2M:
M?-'#!MN2O3.S'/X[1]17>UACZ,*;AR*UXIV]2Z4FT[]PZY!'6O%/^"@J$_LM
MZX0,A;BT)_\``A!7M=>+_P#!0(_\8LZ^"0,S6F/_``)CI9<W]:IV_F7YD8K^
M#+T?Y'1_LEG_`(QL\&#DD:;'_6H=2_:;TNZ\:7?ASPQI6L>,=8L.+I=-6,6U
MHW]V2>1U13U'!/((Z@UPMGXXN?AS_P`$Z[;6+)VCNX=!BAAD7K&TKB(,/<%\
M_A6I_P`$]O!UKX;_`&;-,OH4`N==GGN[A^K,1*T:#/H%0<>I-=5;#04:N(FK
M^^XI>=VW?Y&<)RO&G'32[.AF_:CT_P`*>(K'2O&6AZSX,N-2;9;7%[Y4UC*W
M]T3Q.R@^N[&,C.!7=^,?&VE^`/#%WK.L7D5CIMBGF2S2=`.P`'+$D@`#)).!
MS7`_MH^$+?QA^S5XHCG16>PMOM\+$<QR1'=D?50R_1C7SK\0/$6K?$;_`()O
M^'KDF>Y;1=66WO7R6W6\?FI&6]AOA&?5:>&P%/$1ISC[J<E%_/JOQ"=:4).+
MUTNO^"?1>C_M&:GXR\._VWX?\`^)M3T1E9X[EY;:WEN5'\443R;V4]C@9[9J
M+X4?M3P_&22`Z/X4\3FW-U]DN[B0VNRP?OYJB8R+CGJE=Q\,-7TW6?AKH5YI
M+1#2Y=/A:VVX54C$8POMM'&.Q!':OG;]EG6I;G]H[XQ>)-+/G>&%:5R\9Q%<
MS"1G5E(Z\"4_]M`>]9TJ%.<*K4+.-K:OJ[6>NX.I).'O7N>P_$3]IG1/`_C6
MW\+V=IJGB3Q1<*&&FZ7&LKP@C(,K,P6,8Y.3D#!(`()S_$?[3=Q\-H8;OQGX
M+\0>'-*FD$1OXY;>_MX">AE\EV9`>QP<GBO!/V&?B,]GKWB_Q3J'AOQ3XDUK
M6[H(][IM@MPD`.9'4L6&W<60XQT1?3%>U_&#XJ/X_P#A;K^A_P#"`_$"1]5L
M9K:+.DJ521D(1C^\[-M.<'&*VK8&G1KJCR72MS.^O2]ETL3"NYP<[V[*P?M@
M?%BSTOX`ZC'9#5+M?$6G2/9WNG0O+`BCRSN>5.$5@W!/!&[T-<Q^PG\7-/T_
MX.^%/"W]F>(FO96N<W0TR0V(W332`^=C;C;A?KQ6#X,T77_"'_!.[Q7IOB&Q
MO=.NK".ZCA@NT,;K"Q5EX/\`#N=L5Z]^QO;"U_9B\'H`!FR+_P#?4CM_6KKP
MA2PLZ5KVG:Z>^F^WX7%!RG64]GR_TCQ#X"_$C2?A9^TK\9=1U224(VI20P6\
M$9EN+N4W4NV.*,<NQYX'8$G`!->AZG^WIIGA+68(O$_@SQOX8T^[;;!>7VGE
M%;ODIG/`Y(7<?:N*_91\+V>J?MK?%34IX8Y;K2[VZ%LS+DPF2Y<,R^C;01GT
M8BO6/VV]#M=;_9D\4"XB21K2&.YA)`S'(DBX8>AP2/HQ'>KQ7L)8J%.I%OF4
M$W?:\5:W_!)I>T5*4HO9O\V>GV6KVVI:5#?6\\4UG<1">.96!1XRNX,#TP1S
MFO+]-_:LM/'?B"]T_P`$^'-<\8#37*7-Y;M#:V2L#C:)9G7<?0`<CD9'->0:
MQX_O?#O_``3&TN1)I?M.IQ'2A)DY2(W,BD?3RD*_0UUO[*'Q"A^&WP+T+2X/
M!/CR=G@%Y+=0:4K17;R_/O5O,&Y=I`!Q]T"L'ERITYU'[S4G%+;;=O;\S1XE
MN48IVNK]STCP#^T=H_C'QO<>%KZRU/PUXHMD\PZ;J2(KS+UW1.C,L@QSP<D`
MG&`<+XX_:5\.?#SXL:=X/U,7T.H:E;?:TN=B"TAC_>99W9P5`$3D\8Q7B'[2
ML_B#XF?%;P'XB\,^!_&5EJ7AV[_TFYNM-\L/%YD;(,JS9`_>Y!QPY]:C_:A\
M)6?CG]OGP!I5_&)K*[TJ`31GI(BSW;%#ZA@NTCN":NE@:$I1;>CC)M)WLU_G
MN1/$S2=NZ7:]SV#X-_M9:'\<OB+J&A:+8:FL%C9M>+?7"+'%<J)%3Y%SNP2^
M03CIR!7JE1PV<5LD:11QQI"NR-54`(O'RCT'`X'H/2I*\FO.G*7[J-EYZG;!
M22]YW"BBBL2@HHHH`****`"BBB@`KW'_`()U_P#)U6B?]>UU_P"B'KPZO<?^
M"=?_`"=5HG_7M=?^B'KTLF_W^C_BC^:.7'_[O/T9^D4?W!11']P45^ZQV/@1
M:^4O^"KG_),O#'_84;_T2U?5M?*7_!5S_DF7AC_L*-_Z):O#XF_Y%=;T_5'H
M97_O4/4^&****_%#[@****`"BBB@`HHHH`****``\UYOJ6EWGPO\8R:I:V[S
MZ7=9\U$R?+!.2#]".#T[5Z101D8/2NO"8MT')-7C+1KO_P`$BI34K=&C*T?Q
MGIFN6RRVU[`P/56<*X]B#S5#XB>(+&/P=J$9O+<RRQ%402`NQ/8"M&Z\%Z1>
MR%Y=-LW=NI\H`GZXIUGX1TO3W#PZ=91N.C"%=P_'K5PJ8>$U4BI:-.VGY_\`
M`)<9-<KL<[X4!7X)R`@J?LESUX_BDJY\'F#>`+/!SAI/_0VKI9H4N(FCD571
MP58,`0P/4$4RSLH=/@$5O#%!$O1(U"J/P%56QRJ0J1M9RES?GI^(1I6:=]E8
MX7Q!;-X(^)<6LRJYTZ]^260+D0L5V\_B`?SKM9=:LX;0W#W4"P`9\S>-N/KW
MJQ-"LZ%'571A@JPR#6:/!&CB;S!I=B'SD'R%P/TJ:F)A6C!54TXJUU;5=-]G
MY_@.,'%OEZG+>`]/E\2>.[_Q"8WCLVREN77!DX"@_3:/S/M3OBRDOA_6-*UV
M`%C;/Y4H]1U`_$;A^-=TJA%"J``.`/2H[NRAOXO+GACFC)SM=0R_D:U69?[2
MJSC[J7+;^[:UK_UJ2Z"Y'&^KU^9E>`[1X?#L=Q.N+K4&-W/V^9SD#VP,#\*X
M>*PN+/QCJ?AR%6%IJ5PDS'ILB'SMCZK\OX5ZD`%````'0>E1?883>"X\F+SP
MNSS-HW[?3/7%+#Y@Z<ZDFK\VWDT[I_()T;I*^W],>%$850`%48`'05Q'P]D4
M_$?Q(`<YD./?#G-=S4%MI=M9W$DT-M!%++G>ZQ@,W.>3WYKGH8E4Z=2#5^9)
M?BF7*%Y)]CB=!E7_`(7CJ@!R6@('Y1_X5UOBUQ'X5U-B<!;28G_OAJL1Z5:Q
M7CW*6\"7#_>D6,!V^IZFIIH4N(FCD571P592,@@C!!JL1BU4J0J)?"HK[B84
MVDUW.0^$\TD'PV,D:&62,RLJ#^(@D@?G6#X-\1>';?37DU"YNK74+B1FN!$9
MHDSDX`6/C&,>]=7\0=0;P;X*GDTZ..V9G"+L0*(]QY8`=_ZXJWI7@O2H;.-F
MM+>\DD4,\\R"5YB?XBS>O6O2^MT^6I7FFE4EI9I/35^5M5YF+INZBNB*W@W6
M?#@!MM(FMD>4Y*C*O(?^!?,U=%7G?Q7\+6>F/IEQIT$=I?2W*QJL(">9W!P.
MX..1Z_2O1.<@DY/>N''4H<L*].3?-???3SZW-:4G=Q:6G8*\0_X*&3"+]F#5
ME(R9;JU4?]_E/]*]OJCK_AO3O%>G-9ZI86>I6;,',%U`LT18=#M8$9'K7-A:
MRI5HU6KV:?W%5H<\''NCQSX5^`D^+_["FE>'BRQMJ6B^1$YX6.16)C)]@ZJ3
M]*Q_V%_B*GA+P9/\.O$I31/$OAJYE6.TNW$;W,+N7W)GA\.S#Y<C&TC@U]`:
M1H]IX?TV&SL+2VL;.`;8X+>(111C.<!1P.?2LWQC\-?#WQ#CC37M$TO5UA_U
M?VNU24Q_[I89'X5T/&J49TYI\LI<RMNGK\GH[$*BTXR3U2MZGDW[;7Q9M++X
M67?A/1Y4U3Q/XJVV5M86I\Z81LP\QRJY(!4$#.,D^@.('\(ZO^S+^PS=V-I8
M6^I:W8V#/=0F,3Q!YI/WI*\AUC1VZY4B/G(S7K7@[X3>&/A[*\FA>']'TB60
M8>2UM(XI''H6`R1[9KS+]LOXD:IX9_X0KPYIUY<Z5%XPUB.QO;^!]DL$&^-6
M56_A+"3.<@@(?>M\-553DPM*.E^9WZM+RV5EMJ9U(63JR>MK:=#RSX1?$OX%
M:3\+=.TW5-?U^TN)[93JED;K58[>:=E!D#1P'R=N[(`48QC.:]\^"_B_X;^+
M/"DNA>![S1FT]$</8VH,,@###.T;`.<Y^\0<^M:&D_LX^`-&L5MX/!OAMHP,
M$S:?%/(_NSN"S'W))KP+XH_!_3_AW^VS\.1X)M(M(GU!A<WUK:96-(4<^:VT
M<*K1!UP,#Y?7-;.I0QDI*,IK>2NTUIJ0HU*23:36B\]2+]FOQ$G[&OQ6\0^!
MO&+MI^DZO.MQI6K2C9;3[<@$MT&Y2N3G"LI!ZBOI#6_C7X/\/Z/+J%YXGT**
MSA!8N+V-\XZA0I)8^PR3TK7\1^%=,\8Z6UEJVGV.IV;D$PW4"S1D]CA@1GWK
MG]"_9_\``_AG4X[VP\(^'K6[A.Z.9+&,/&?521P?<5QXC$T:[]I434FE>S5G
MYZ[?B;0I3IKDBTUY]#C_`(]>)&^*_P"R!XDU/3+'4(DOK&26&&XA,<[Q1S??
MV=0&1"XSSM84O[$WC33M>_9L\,Q17=N;BQA:SGBWC?&ZR,`",]Q@CU!!KUXC
M<,'D&N5TSX$^"]%\0)JUIX4\/6^I1R>:EQ'81*\;YSN4@?*<\Y'-0L13="5!
MIKWKJWI:SV^\;IR4U-:Z6/`OV-+X3_M<?&!<[A)?7+`].!>R`?H17K7[9<XM
M_P!F3Q<QZ&S"_G*@'ZFNZT?P1HOA[5+F^L-(TNQO;PDSW%O:QQ2SY.X[F4`M
MEN>3UJUK.BV?B+3)K+4+2VOK.X&V6"XB66*09!`96!!&0#R*NKC8SQ$*]M%R
MZ?X;?Y"A1<:;A?>_XGSEX-^$DWQK_P""=^CZ):*C:B;9KFRW,%!FCN)&"Y/`
MW#<N3P-U:W['G[0^E?\`"O+'P;XENXM`\4>&$^P26NH,+8RQIPA4O@$A<*5Z
M\9Z$5[QHVBV?AW3(;+3[2VL;.W!$4%O$L448SG`50`.23QZUC^,/A/X8^(4D
M<FN^']'U>6(;4DNK2.61!Z!B,@>V:N>/A44Z=1/E<G)6M=-_@Q1H./+*#U2M
MY,SM1^/7ABW\6:9H5IJ,6KZOJ<RQ+:Z>1<M;KGYI92N1&BCG+$9[9KQ#XWL!
M_P`%&OAP,CC2HP>>GSWE?1/@_P``:'X`M'M]#T?3=(AD.76TMTA#GL3M')^M
M2WO@K1]1UZ#5KG2=-N-4M0%AO)+6-[B$`D@*Y&Y1\QZ'N?6LZ&*ITIN44W>+
M6MKZK<=2E.:2D]FF:=%%%<!T)A1110`4444`%%%%`!1110`5[C_P3K_Y.JT3
M_KVNO_1#UX=7N/\`P3K_`.3JM$_Z]KK_`-$/7I9-_O\`1_Q1_-'+C_\`=Y^C
M/TBC^X**(_N"BOW6.Q\"+7RE_P`%7/\`DF7AC_L*-_Z):OJVOE+_`(*N?\DR
M\,?]A1O_`$2U>'Q-_P`BNMZ?JCT,K_WJ'J?#%%%%?BA]P%%%%`!1110`4444
M`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`5]4TN#6;&2V
MN8EEAE&&4]#_`/7S63I_A2_T6W%O9ZQ)]F08C2>W65HQZ!@1P/?-;U%:PKSA
M'E3T[-)K\4R7!-W,?3?""6^IK?7ES-J-[&"(WEPJP@]=BC@?7K6Q114U*LYN
M\G>WX>BV0XQ2V"BBBH&%%%%`!7,?%KX1:)\:O"3Z-KD$DMOO$T,L3[)K64`@
M2(W9@">H(Y.0:Z>BJA.46I1=FA2BFK,\XTWX6^.M%TT65O\`$B6>",;8YKW1
M8KBZ1?>0.H8^[*3ZYK0^&OP+T[X?ZW>:W<WE_P"(/$NHJ$N=6U`JTY0=(XPH
M"Q1\9VJ`/7.!CMZ*UEBJC33>^]DE?ULD2J459]@HHHK`L****`"BBB@`HHHH
M`****`"BBB@`HHHH`****`"BBB@`HHHH`*]Q_P""=?\`R=5HG_7M=?\`HAZ\
M.KW'_@G7_P`G5:)_U[77_HAZ]+)O]_H_XH_FCEQ_^[S]&?I%']P441_<%%?N
ML=CX$6OFO_@I/\.=>^)'@#P];:!I&H:Q<6^HM++':0F5D7RF&2!VSQ7TI17'
MF&"CB\//#S=E+30VP]=T:BJ16Q^5'_#+7Q(_Z$?Q-_X`2?X4?\,M?$C_`*$?
MQ-_X`2?X5^J]%?)?ZAX7_G[+\/\`(]G_`%@J_P`B_'_,_*C_`(9:^)'_`$(_
MB;_P`D_PH_X9:^)'_0C^)O\`P`D_PK]5Z*/]0\+_`,_9?A_D'^L%7^1?C_F?
ME1_PRU\2/^A'\3?^`$G^%'_#+7Q(_P"A'\3?^`$G^%?JO11_J'A?^?LOP_R#
M_6"K_(OQ_P`S\J/^&6OB1_T(_B;_`,`)/\*/^&6OB1_T(_B;_P``)/\`"OU7
MHH_U#PO_`#]E^'^0?ZP5?Y%^/^9^5'_#+7Q(_P"A'\3?^`$G^%'_``RU\2/^
MA'\3?^`$G^%?JO11_J'A?^?LOP_R#_6"K_(OQ_S/RH_X9:^)'_0C^)O_```D
M_P`*/^&6OB1_T(_B;_P`D_PK]5Z*/]0\+_S]E^'^0?ZP5?Y%^/\`F?E1_P`,
MM?$C_H1_$W_@!)_A1_PRU\2/^A'\3?\`@!)_A7ZKT4?ZAX7_`)^R_#_(/]8*
MO\B_'_,_*C_AEKXD?]"/XF_\`)/\*/\`AEKXD?\`0C^)O_`"3_"OU7HH_P!0
M\+_S]E^'^0?ZP5?Y%^/^9^5'_#+7Q(_Z$?Q-_P"`$G^%'_#+7Q(_Z$?Q-_X`
M2?X5^J]%'^H>%_Y^R_#_`"#_`%@J_P`B_'_,_*C_`(9:^)'_`$(_B;_P`D_P
MH_X9:^)'_0C^)O\`P`D_PK]5Z*/]0\+_`,_9?A_D'^L%7^1?C_F?E1_PRU\2
M/^A'\3?^`$G^%'_#+7Q(_P"A'\3?^`$G^%?JO11_J'A?^?LOP_R#_6"K_(OQ
M_P`S\J/^&6OB1_T(_B;_`,`)/\*/^&6OB1_T(_B;_P``)/\`"OU7HH_U#PO_
M`#]E^'^0?ZP5?Y%^/^9^5'_#+7Q(_P"A'\3?^`$G^%'_``RU\2/^A'\3?^`$
MG^%?JO11_J'A?^?LOP_R#_6"K_(OQ_S/RH_X9:^)'_0C^)O_```D_P`*/^&6
MOB1_T(_B;_P`D_PK]5Z*/]0\+_S]E^'^0?ZP5?Y%^/\`F?E1_P`,M?$C_H1_
M$W_@!)_A1_PRU\2/^A'\3?\`@!)_A7ZKT4?ZAX7_`)^R_#_(/]8*O\B_'_,_
M*C_AEKXD?]"/XF_\`)/\*/\`AEKXD?\`0C^)O_`"3_"OU7HH_P!0\+_S]E^'
M^0?ZP5?Y%^/^9^5'_#+7Q(_Z$?Q-_P"`$G^%'_#+7Q(_Z$?Q-_X`2?X5^J]%
M'^H>%_Y^R_#_`"#_`%@J_P`B_'_,_*C_`(9:^)'_`$(_B;_P`D_PH_X9:^)'
M_0C^)O\`P`D_PK]5Z*/]0\+_`,_9?A_D'^L%7^1?C_F?E1_PRU\2/^A'\3?^
M`$G^%'_#+7Q(_P"A'\3?^`$G^%?JO11_J'A?^?LOP_R#_6"K_(OQ_P`S\J/^
M&6OB1_T(_B;_`,`)/\*/^&6OB1_T(_B;_P``)/\`"OU7HH_U#PO_`#]E^'^0
M?ZP5?Y%^/^9^5'_#+7Q(_P"A'\3?^`$G^%'_``RU\2/^A'\3?^`$G^%?JO11
M_J'A?^?LOP_R#_6"K_(OQ_S/RH_X9:^)'_0C^)O_```D_P`*/^&6OB1_T(_B
M;_P`D_PK]5Z*/]0\+_S]E^'^0?ZP5?Y%^/\`F?E1_P`,M?$C_H1_$W_@!)_A
M1_PRU\2/^A'\3?\`@!)_A7ZKT4?ZAX7_`)^R_#_(/]8*O\B_'_,_*C_AEKXD
M?]"/XF_\`)/\*/\`AEKXD?\`0C^)O_`"3_"OU7HH_P!0\+_S]E^'^0?ZP5?Y
M%^/^9^5'_#+7Q(_Z$?Q-_P"`$G^%'_#+7Q(_Z$?Q-_X`2?X5^J]%'^H>%_Y^
MR_#_`"#_`%@J_P`B_'_,_*C_`(9:^)'_`$(_B;_P`D_PH_X9:^)'_0C^)O\`
MP`D_PK]5Z*/]0\+_`,_9?A_D'^L%7^1?C_F?E1_PRU\2/^A'\3?^`$G^%'_#
M+7Q(_P"A'\3?^`$G^%?JO11_J'A?^?LOP_R#_6"K_(OQ_P`S\J/^&6OB1_T(
M_B;_`,`)/\*/^&6OB1_T(_B;_P``)/\`"OU7HH_U#PO_`#]E^'^0?ZP5?Y%^
M/^9^5'_#+7Q(_P"A'\3?^`$G^%'_``RU\2/^A'\3?^`$G^%?JO11_J'A?^?L
MOP_R#_6"K_(OQ_S/RH_X9:^)'_0C^)O_```D_P`*]@_85^!'C/P-^TAI&I:S
MX7UO2]/A@N5>XN;5XXT+0L!DD=R0*^]Z*Z,)P9A\/7A7C4DW%I].GR,J^=U:
ME-TW%:JW7_,1.%`HI:*^R/%"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
MBBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`**
-**`"BBB@`HHHH`__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>76
<FILENAME>p3keyfinancialdata.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 p3keyfinancialdata.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X0!F17AI9@``34T`*@````@`!`$:``4`
M```!````/@$;``4````!````1@$H``,````!``(```$Q``(````0````3@``
M``````!@`````0```&`````!4&%I;G0N3D54('8U+C`P`/_;`$,``@$!`@$!
M`@("`@("`@(#!0,#`P,#!@0$`P4'!@<'!P8'!P@)"PD("`H(!P<*#0H*"PP,
M#`P'"0X/#0P."PP,#/_;`$,!`@("`P,#!@,#!@P(!P@,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#/_``!$(`2`!
ME@,!(@`"$0$#$0'_Q``?```!!0$!`0$!`0```````````0(#!`4&!P@)"@O_
MQ`"U$``"`0,#`@0#!04$!````7T!`@,`!!$%$B$Q008346$'(G$4,H&1H0@C
M0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I*C0U-C<X.3I#1$5&1TA)2E-45597
M6%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJ
MLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:X>+CY.7FY^CIZO'R\_3U]O?X
M^?K_Q``?`0`#`0$!`0$!`0$!`````````0(#!`4&!P@)"@O_Q`"U$0`"`0($
M!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R@0@40I&AL<$)(S-2\!5B
M<M$*%B0TX27Q%Q@9&B8G*"DJ-38W.#DZ0T1%1D=(24I35%565UA96F-D969G
M:&EJ<W1U=G=X>7J"@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>X
MN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR\_3U]O?X^?K_V@`,`P$`
M`A$#$0`_`/V&_;5_X*7?!+_@G=HVGZA\8_&O_"'V>J31V]K)_8]_J'FR2+,R
M+BU@E(R+>8Y(`&SGJ,_.W_$4;^PG_P!%S_\`+,\0_P#R#7Q/_P`'JW_)&O`/
M_8:T[_T1K%?SM4`?U^_\11O["?\`T7/_`,LSQ#_\@T?\11O["?\`T7/_`,LS
MQ#_\@U_(%10!_7[_`,11O["?_1<__+,\0_\`R#1_Q%&_L)_]%S_\LSQ#_P#(
M-?R!44`?U^_\11O["?\`T7/_`,LSQ#_\@T?\11O["?\`T7/_`,LSQ#_\@U_(
M%10!_7[_`,11O["?_1<__+,\0_\`R#1_Q%&_L)_]%S_\LSQ#_P#(-?R!44`?
MU^_\11O["?\`T7/_`,LSQ#_\@T?\11O["?\`T7/_`,LSQ#_\@U_(%10!_7[_
M`,11O["?_1<__+,\0_\`R#1_Q%&_L)_]%S_\LSQ#_P#(-?R!44`?U^_\11O[
M"?\`T7/_`,LSQ#_\@T?\11O["?\`T7/_`,LSQ#_\@U_(%10!_7[_`,11O["?
M_1<__+,\0_\`R#1_Q%&_L)_]%S_\LSQ#_P#(-?R!44`?U^_\11O["?\`T7/_
M`,LSQ#_\@T?\11O["?\`T7/_`,LSQ#_\@U_(%10!_7[_`,11O["?_1<__+,\
M0_\`R#1_Q%&_L)_]%S_\LSQ#_P#(-?R!44`?U^_\11O["?\`T7/_`,LSQ#_\
M@T?\11O["?\`T7/_`,LSQ#_\@U_(%10!_7[_`,11O["?_1<__+,\0_\`R#1_
MQ%&_L)_]%S_\LSQ#_P#(-?R!44`?U^_\11O["?\`T7/_`,LSQ#_\@T?\11O[
M"?\`T7/_`,LSQ#_\@U_(%10!_7[_`,11O["?_1<__+,\0_\`R#1_Q%&_L)_]
M%S_\LSQ#_P#(-?R!44`?U^_\11O["?\`T7/_`,LSQ#_\@T?\11O["?\`T7/_
M`,LSQ#_\@U_(%10!_7[_`,11O["?_1<__+,\0_\`R#1_Q%&_L)_]%S_\LSQ#
M_P#(-?R!44`?U^_\11O["?\`T7/_`,LSQ#_\@T?\11O["?\`T7/_`,LSQ#_\
M@U_(%10!_7[_`,11O["?_1<__+,\0_\`R#1_Q%&_L)_]%S_\LSQ#_P#(-?R!
M44`?U^_\11O["?\`T7/_`,LSQ#_\@T?\11O["?\`T7/_`,LSQ#_\@U_(%10!
M_7[_`,11O["?_1<__+,\0_\`R#1_Q%&_L)_]%S_\LSQ#_P#(-?R!44`?U^_\
M11O["?\`T7/_`,LSQ#_\@T?\11O["?\`T7/_`,LSQ#_\@U_(%10!_7[_`,11
MO["?_1<__+,\0_\`R#1_Q%&_L)_]%S_\LSQ#_P#(-?R!44`?U^_\11O["?\`
MT7/_`,LSQ#_\@T?\11O["?\`T7/_`,LSQ#_\@U_(%10!_7[_`,11O["?_1<_
M_+,\0_\`R#70?"?_`(.//V,?CC\4_#/@GPM\9?[4\3^,-5M=$TBS_P"$2UV#
M[7>7,R0P1>9)9+&FZ1U7<[*HSDD#)K^.*O?_`/@D[_RE-_9I_P"RJ^%__3O:
MT`?V^T444`?A1_P>K?\`)&O`/_8:T[_T1K%?SM5_1+_P>K?\D:\`_P#8:T[_
M`-$:Q7\[5`'Z%_!#]@OX7:_^Q/X$^+&N^';O4!H^E:MK/B.QLKZZ^U^(A#*T
M<$*J'Q%&IP7>,*0`,]21Q<'P"\$']@[PG\3-(^&_P]O/$'B37]1BNHO$GBZZ
MTVUMK5))_+B@+ZC;>8Z!%4#<[L`203S7E7PV_P""E/Q"^%'A/X?:+H]MX<BL
MOAT;M;19+:9_[3BNB3+#=CS=LD9SP%"$8!SD9JC??MU7NO?!^P\!ZS\._AWK
M/A?2=6NM8T^SE75+<6,MP\CLB-;WL1,:^8RJK%L#&22,U\Q4P68>TG+F;3G=
M>\](\TW:UUNG&VJT5M+:^G1KX=4:<9+WDK/3=VLG>SV=_6Z>MM/=/@U^SQ\"
MOB1^SIIGQHU/28-,T3P+IEW9^,?#<6J7>=5U0!%LS&[2F6-9B^<*X`(`[-GS
MC_@FC\!/!_[1_P`4?B$GB?P[8:G::+X7O-7TW3Y]2N+*S@N%D3RP\JS1OY:@
ME27E`P22<C(\E\.?M.ZYX4_9_P#%_P`-K+3]%C\/>,[^#4+MVCF:YMGA=61(
MG,F`GR@'>K$COGFE_9O_`&HO$'[+]_XEN?#]GH]Y)XJT6?0KL:A%)((X)<;F
MCV2)AQ@8)R/8UU5,%BO9XA0F[RTA>6R:OOWYFTGNHJ*OH9QKTOW*DEI).3MN
ME)+_`-)5VM+MN^I]#?#']F;P=\0O@'\;-?UWP9X.TK7?"-MI1TK_`(1?Q-/J
M=C:&:9UD<2+?7*.[``%7=@N!A5).?H+QY_P2V^$ES^U'X+C\->'GD\(65W-H
MOB_1O[2O',5PVGO=VMQYAE\U5?*@[6"[@HQR<_G[\'/VK_$7P1^$OC7P;I-E
MHMQI?CO[,+^6[AE>XA\ARZ>45D51DGG<K>V*]-\,_P#!6/XG^$OV@O$OQ%LK
M3PJNH^++*"RU#36M)VTYQ`@2*54\[S!(H!P?,Q\[<8.!QX[+\RE4G+#U&E9V
M]YVNX0CM=VUYVM=)69KA,1AE3Y:T;MOLOYK[VZ*VG5774]#_`&)?V./AKXU\
M!-<?$/2Y9;_XC^)KOPMX/E-]/;BP:"VF<W(".!+^^$<>'##<!QR<ZG[%7_!/
M_P`"?%+]GKXA:?X[L?[/^(%IXKF\(Z3JK7DZ1Z=>B`&)3&KK&X:8%?G4D[@!
MCBO`9_\`@HO\4[/1/!>F:%KL_A'3?!,6R&TT*YN;.#4V,OFO)=H)2LS.V<C`
M7#$!1DU:^)W_``48\;?$WPWXJTQM)\*Z&OB[Q#;>*+NXTJ"YBG@OH$B57B+S
MN%!,2L<@G<201G%76P68S<TIN*G974G>*C):I=Y0NWW>CW+6)PR::BGRW:NM
M&VI.S\D^5+:R3:/I#P]_P39\"G5_AZ/$&AWNFC1_A]?^)_%UC!?3"?5[RUE6
M,Q;F9A$-Q.?+VC`XQG(\S_8;\!_"G]L#XTZII.H_"VPT"WTGPUJFHF&PU[47
MMYG1H?L[$23-*)(P7!(EV/N_U:XKD_%__!5OXI>,_BUX<\9W$?AB'5/#VE3:
M*T,5@YM=5MIB#,MS&\C;BY`)V%!D<`5A_#C]OW5_@WXRDUGPAX`^&GAN2?3K
MS3IH+33[MDF6Z9#([227+3$KY8"+YGEH"<)S4+!9DZ-15)/GE&7+:32C)N;7
M756<4M[6Z6"-?"JI!Q7NIQO=)WBHP37K=2;[WZGL'[$7[%_P\^)'P%TI/'.G
ML_C7XM7FI6'@RY>]G@%@+2T=A/Y:,JR;I\+B0,#@8ZX/`WO[,_AS0/\`@FIK
MWC34=#:#X@:/X[.@27C74P,,*HN^$Q;_`"LA]WS;=WO7-Q?\%'_BII#>!8=#
MUR;PQI/@&SMK*TTG2+JZMM/U!87W;[N(3$3-(>'R0".`!DUH>)/^"CFN^-_"
M'B?P]KO@'X=:MH/BOQ`WB:[L'BU*WCBO6159HV@O8W"DJ7*EF^9V[8`WJX;,
M/;2J)^ZY1=E+91FM$M$N:&ZO9M:[F-&IAU3C&6Z3UMNY0E]ZC+EMVU:+O_!-
M'X%>$/C?XQ^(1\8Z'%X@M?#'@^\UFSM9;JXMXC<1,FTL8)(W(P2,;@,$]\$=
M!??LG^&?VC_V;OAWXY\"^'E\'>(/$/B]/!VHZ1;7=S=V5P[KN%U!]H:250H!
M+*9&`&>>*\<_9O\`VL=;_9>\8>(]6T#1O#MY#XHTR?2+S3]02YDM5MI65F1"
MDR2@@+M!,A."<DGFNU\+?\%*?&7@+4_"I\/^&_`^AZ-X+6X?2-%M;.Y^PV]S
M/$T3W;%[AII;@([`/)(V-QX-;8JAC'B'5HWLE%I<VFG-S)K;WKI7L^]]%?.C
M.DJ;A/=N6MM;.,5%I_W97E^'4])_;I_9P^&/PW\#:-X]^%WANSO-`\*^)[SP
MEXELKO4+VXAOKJ''ER2$3+(BN%?/E.@^9<8S63^VE\,?`OPX^"'P=NO"?PQ\
M.V6N_%3P\NH7,\=_J]Q-9W),.%M4DO&3!+D8D63J._->5S?MZ?$?7_@UXK\#
M>*-9N/'&C^*S`[R>(KRZOKG3)(GWJ]JYF'EG=C((93M''7*ZG^W)XHUO4OA-
M<WVC^%KO_A3D"6^C126T_EW81D9#<@3#>08U/R%!QR#66&P.,A[.-63DH2;;
MYG[T7!Z/;[;T36BMT-:V(H/GE2BDW%I*RT?,K=_L:-]7=O<]Y_:T_8C\`>"O
MV9-;7P9IQ7XA?"&32D\:W(O9YC>B[M@TCB)G*($F<#Y%&`K9Z5\/U[]9_P#!
M2WXJS:CXV.N:RWBW2/'=G=6-[HNMW5W<Z99QSMN)MHA,ODE!\J;3PO&#Q7@-
M=F5T<524EBG>]G>]]6O>7DKIM+9)VZ&.*G1DHJDMKK:UTMF_/6S]`HHHKU3C
M"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`KW_P#X)._\I3?V:?\`LJOA?_T[VM>`5[__`,$G?^4IO[-/_95?
M"_\`Z=[6@#^WVBBB@#\*/^#U;_DC7@'_`+#6G?\`HC6*_G:K^B7_`(/5O^2-
M>`?^PUIW_HC6*_G:H`_2[P%_P3B\%^._V-?ASX8UK5],\`S#P'>?&WQOXTA\
M+IKNJM;SZ@NF:/I%N3-"RB10[>4LJJTL@+9VAE]$M/\`@W+\._#[Q5XHO-'^
M*>G?%1?`%WJVCZSH^M>"KS3;22^@TV&XBBC>UU9)I'$U[90L5D58YI`,3JK*
MWYY?$O\`;T^)/Q)\%>#]!&MW/AZQ\(>%[/PB!H=W<V1UFRL[R6\M/MJK*4F>
M&:7*$*H7RT(&X;CEV/[<'QJTQ[EK;XO_`!1MVO;R;4+@Q>*K]#/<S313S3OB
M7YI))H()&<_,SPQL22BD=$ZE-U922T;E;TYO<?RI^ZUO=)WO>\04E"";U7+?
M_P`!3DO_``9=_P"%M*UD?L!\9O\`@@I\)_&7BJ3PI\,/">A>']2E758#J6OW
M6L:A&A_M2QT"R:-8]0AV.;J'5+U7<2H0I0PR($5?FOP__P`&^'@SQ#\+]+\?
M)\>?$]IX)UB==-L9+OX9>1K%_J$FL)I=M##9'4\-#<.7DBF>5,I&VY$(./A"
M7]MGXS7%Y]HD^+GQ.>X#6[>:WBF^+YM[B2YMSGS<YBN)99D_N22.XPS$F?Q-
M^W7\;_&NMMJ>L_&3XJZOJ375I?&ZO?%E_<3FXM&9K2;>\I;S(&=S&V<QEV*D
M9-8TW%.#FKV>O2\;_<I6>Z23:3:=VAS3Y90@[;./5I]4WU5]F]4FTK:6]]_:
MH_X)-Z)^SU\`_$GBW0/BA=?$G4_#7CF\\#7UKHF@6BV.DW,5_-:P"_E?4?M5
MO)<Q0O-$$LY8F^YYV02/I7X#?\&\/@;2OC]H.F^/?BAXBUJP\*^-;?PSXZTJ
MV\('3[665=(GU:YAL;]KX/<11Q6[12RB&)T\P,BM\N?S:^)W[6_Q6^-G@O3?
M#?C/XG?$+Q=X=T:03:?I>M>(KR_LK%P"H>*&61DC;!(RH!P37JOPX_X*U?&K
MP1I.OQZQXHU7XA:MJGA^Z\-:3J_C'6]5UBZ\(VEU"\%S_9L<EW]GB>6%]A:2
M&0JJC9LY)(2<*<FK.:U5]KI1LFMK.2E=.^DEJW&TKJQC.HND'=-+=)MV:>]X
MIQ:U5W%K[2<?5H?V;/A=^T)^S1^TG\4/AY\.+W[*OC#PWX+^%^G646I1S:?+
M=S2/-(]N]_>.\LD$`3;+/,F^<[`F55=SQI^S[^S7\&?^"T%_\)O$VB*GPY\-
MZ?#X9:-KW4[FRO/$RZ9'&9;QK:5KP6[:DSB1+5E90,*%4$5\8_!7]J3XF_LV
M'4C\.?B+X[\`'646/4#X<U^[TK[<JYVK+Y$B>8!N.`V<9/K6_P##_P#;Z^.W
MPFL(;3PK\:OBUX9M;?S_`"H=*\7ZA91Q>?+YT^U8YE`\R7]X^/O/\QR>:J#A
M%I6O%+7N_<4=^]^:5[/62T]Q7BHY34GHI/:VR]Z^WDE&-K[*6OONW8_%O]CO
MQ/XG_P""F$_P)M_"O@GP)XMOO%EOX172O#U_>WNAV%R\D<'F1S7<]Q<M&2?,
M;S)&8;F&U,;%^X_&7_!!?X4>$_V'(_%1\>>-IIK3Q5>+>>*T\`SMJU_;)=0Z
M3:6&GZ.-2\N>*YOWED2ZDEA<I$!M&=I_,7Q3^TA\1/'/B+0-8UOQ[XTUC5_"
MC!M$OK[6[FXN='(F,X-M([EH2)B9/D(^<ENO-=M_P\H_:,/BEM=/Q]^-?]MO
M:M8MJ'_"<:G]J-NS[S"9?/W>67`8KG!/.,U-%J-*$)J[N^9]TN5JV_*[IW\F
MT^9:.ZCO5E..BTLNVZ=^^C5O-7T;T_5;X1?\&Z/P^\+_``T\2^#?$4%IXU\>
M7&HZ]I^B^+WNKS3K6V)N].TC3&DM8K@I^[N[B]G="68M:-&2ZC!^:/B#_P`$
M*_AC\,?V:KKXPZS^T+XNT[P!::6^HB6Z^%@AU.\WZF=/LO(M3JOS1W;17$L4
MDCQ_NH@S*NXA?B32_P!MCXS:'96UM9?%SXG6=O9RI/!%!XIOHT@D2X>Z1U`E
MPK+<223`CD22,X^8DFQXQ_;P^.7Q$O([GQ!\9OBOKMQ#<6MY'+J'BW4+ITGM
M9'EMI07E)#PR2R/&W5&D<J06)(G?E<MU9-]'%:7LK+FUOI9-I7NGHHZ*4>E[
MKNKN[BV]X]%V6ROJ_N#PS_P3*\"?LO7WQ9FN-;C^+7@Z\^`NO>*M*\57WAVP
M@T=[@2VT%E=:5<17]V[2"[8Q$RI:SH59#'\Y%?F37N_BW_@I%\7/B+\$O&?@
MOQ3XIU3Q=+\0+G3VUSQ%X@U&\U77;RTL6>2VT\7%Q,X2T69S-L5`Q<+EBHVU
MX14SNYI]$K+_`,"E+7;5*2BW;7EOLTE4;*GR]6[O_P`!C%]]+Q<EKHI6WN%%
M%%!(4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%
M%`!1110`4444`%%%%`!1110`5[__`,$G?^4IO[-/_95?"_\`Z=[6O`*]_P#^
M"3O_`"E-_9I_[*KX7_\`3O:T`?V^T444`?G/_P`%J_\`@E+_`,/@_B%H'PS_
M`.$]_P"%=_V'IUOXG_M+^Q/[7\_RI;RV\CROM$&W/VO=OWG'EXVG=D?#/_$#
M'_U='_YC?_[Z5^TO_-]/_<B?^Y"O6:`/P!_X@8_^KH__`#&__P!]*/\`B!C_
M`.KH_P#S&_\`]]*_?ZB@#\`?^(&/_JZ/_P`QO_\`?2C_`(@8_P#JZ/\`\QO_
M`/?2OW^HH`_`'_B!C_ZNC_\`,;__`'TH_P"(&/\`ZNC_`/,;_P#WTK]_J*`/
MP!_X@8_^KH__`#&__P!]*/\`B!C_`.KH_P#S&_\`]]*_?ZB@#\`?^(&/_JZ/
M_P`QO_\`?2C_`(@8_P#JZ/\`\QO_`/?2OW^HH`_`'_B!C_ZNC_\`,;__`'TH
M_P"(&/\`ZNC_`/,;_P#WTK]_J*`/P!_X@8_^KH__`#&__P!]*/\`B!C_`.KH
M_P#S&_\`]]*_?ZB@#\`?^(&/_JZ/_P`QO_\`?2C_`(@8_P#JZ/\`\QO_`/?2
MOW^HH`_`'_B!C_ZNC_\`,;__`'TH_P"(&/\`ZNC_`/,;_P#WTK]_J*`/P!_X
M@8_^KH__`#&__P!]*/\`B!C_`.KH_P#S&_\`]]*_?ZB@#\`?^(&/_JZ/_P`Q
MO_\`?2C_`(@8_P#JZ/\`\QO_`/?2OW^HH`_`'_B!C_ZNC_\`,;__`'TH_P"(
M&/\`ZNC_`/,;_P#WTK]_J*`/P!_X@8_^KH__`#&__P!]*/\`B!C_`.KH_P#S
M&_\`]]*_?ZB@#\`?^(&/_JZ/_P`QO_\`?2C_`(@8_P#JZ/\`\QO_`/?2OW^H
MH`_`'_B!C_ZNC_\`,;__`'TH_P"(&/\`ZNC_`/,;_P#WTK]_J*`/P!_X@8_^
MKH__`#&__P!]*/\`B!C_`.KH_P#S&_\`]]*_?ZB@#\`?^(&/_JZ/_P`QO_\`
M?2C_`(@8_P#JZ/\`\QO_`/?2OW^HH`_`'_B!C_ZNC_\`,;__`'TH_P"(&/\`
MZNC_`/,;_P#WTK]_J*`/P!_X@8_^KH__`#&__P!]*/\`B!C_`.KH_P#S&_\`
M]]*_?ZB@#\`?^(&/_JZ/_P`QO_\`?2C_`(@8_P#JZ/\`\QO_`/?2OW^HH`_`
M'_B!C_ZNC_\`,;__`'TH_P"(&/\`ZNC_`/,;_P#WTK]_J*`/P!_X@8_^KH__
M`#&__P!]*/\`B!C_`.KH_P#S&_\`]]*_?ZB@#\`?^(&/_JZ/_P`QO_\`?2C_
M`(@8_P#JZ/\`\QO_`/?2OW^HH`_`'_B!C_ZNC_\`,;__`'TK4^$O_!I/_P`,
M(?M3_`_XF?\`#0'_``E7_".?$C0;S^S?^$&^P_:/(O$N=OF_VA)MW>1MSL.-
MV<'&#^]5>3?M7_\`--?^Q[TO_P!JT`>LT444`>3?\WT_]R)_[D*]9KR;_F^G
M_N1/_<A7K-`!1110`5B:;X_L-5^T>5;ZVGV:%IW\[1KR'*KC(7?$-[<\(N6/
M8&MNB@#$TWQ_8:K]H\JWUM/LT+3OYVC7D.57&0N^(;VYX1<L>P-2Z7XUL]8L
M[N>&'5T2R3S)!/I5U`[#!/R*\8:0\'A`3T&.1G6HH`Q+7Q_87>G75TEOK:Q6
M>SS%?1KQ)&W'`V(T09^>NP':.3@46OC^PN].NKI+?6UBL]GF*^C7B2-N.!L1
MH@S\]=@.T<G`K;HH`Q+7Q_87>G75TEOK:Q6>SS%?1KQ)&W'`V(T09^>NP':.
M3@5+!XUL[C0YM16'5Q;V[^6R-I5TDY/R_=A,8D8?,.54CKSP<:U%`&)_PG]A
M_8_V[[/K?D>=Y&W^QKSSMVW=GRO*W[<?Q[=N>,YXH_X3^P_L?[=]GUOR/.\C
M;_8UYYV[;NSY7E;]N/X]NW/&<\5MT4`9,_C6SM]#AU%H=7-O</Y:HNE73S@_
M-]Z$1F11\IY90.G/(S%=>/["TTZUNGM];:*\W^6J:->/(NTX.]%B+)STW@;A
MR,BMNB@#$NO']A::=:W3V^MM%>;_`"U31KQY%VG!WHL19.>F\#<.1D5+JGC6
MST>SM)YH=7=+U/,C$&E74[J,`_.J1EHSR.'`/48X.-:B@#$U+Q_8:5]G\VWU
MM_M,*SIY.C7DV%;.`VR([&XY1L,.X%&I>/[#2OL_FV^MO]IA6=/)T:\FPK9P
M&V1'8W'*-AAW`K;HH`Q-2\?V&E?9_-M];?[3"LZ>3HUY-A6S@-LB.QN.4;##
MN!4NO>-;/PY>+!<0ZO([H)`;72KJ[3&2.6BC90>.A.>AQR*UJ*`,35_']AHF
MHR6L]OK;RQ8RUOHUY<1G(!X>.)E/![$X.1U!J6[\:V=GK@TYX=7:X9UCWQZ5
M=209;&/WRQF/'(R=V!SDC!QK44`9-WXUL[/7!ISPZNUPSK'OCTJZD@RV,?OE
MC,>.1D[L#G)&#B+_`(3^P_MC[#]GUOS_`#O(W?V->>3NW;<^;Y6S;G^/=MQS
MG'-;=%`&3:>-;.\UPZ<D.KK<*[1[Y-*NHX,KG/[YHQ'C@X.[!XP3D9+3QK9W
MFN'3DAU=;A7:/?)I5U'!E<Y_?-&(\<'!W8/&"<C.M10!B:1X_L-;U&.U@M];
M267.&N-&O+>,8!/+R1*HX'<C)P.I%&D>/[#6]1CM8+?6TEESAKC1KRWC&`3R
M\D2J.!W(R<#J16W10!DZ#XUL_$=XT%O#J\;HAD)NM*NK1,9`X:6-5)YZ`YZG
M'!J+3?']AJOVCRK?6T^S0M._G:->0Y5<9"[XAO;GA%RQ[`UMT4`8FF^/[#5?
MM'E6^MI]FA:=_.T:\ARJXR%WQ#>W/"+ECV!J72_&MGK%G=SPPZNB62>9()]*
MNH'88)^17C#2'@\(">@QR,ZU%`&):^/["[TZZNDM];6*SV>8KZ->)(VXX&Q&
MB#/SUV`[1R<"BU\?V%WIUU=);ZVL5GL\Q7T:\21MQP-B-$&?GKL!VCDX%;=%
M`&3!XUL[C0YM16'5Q;V[^6R-I5TDY/R_=A,8D8?,.54CKSP<1?\`"?V']C_;
MOL^M^1YWD;?[&O/.W;=V?*\K?MQ_'MVYXSGBMNB@#$_X3^P_L?[=]GUOR/.\
MC;_8UYYV[;NSY7E;]N/X]NW/&<\4?\)_8?V/]N^SZWY'G>1M_L:\\[=MW9\K
MRM^W'\>W;GC.>*VZ*`,F?QK9V^APZBT.KFWN'\M472KIYP?F^]"(S(H^4\LH
M'3GD9BNO']A::=:W3V^MM%>;_+5-&O'D7:<'>BQ%DYZ;P-PY&16W10!B77C^
MPM-.M;I[?6VBO-_EJFC7CR+M.#O18BR<]-X&X<C(J75/&MGH]G:3S0ZNZ7J>
M9&(-*NIW48!^=4C+1GD<.`>HQP<:U%`&)J7C^PTK[/YMOK;_`&F%9T\G1KR;
M"MG`;9$=C<<HV&'<"C4O']AI7V?S;?6W^TPK.GDZ->385LX#;(CL;CE&PP[@
M5MT4`9.O>-;/PY>+!<0ZO([H)`;72KJ[3&2.6BC90>.A.>AQR*D_X2JU_P"$
MA_LORM2^T_W_`.SKC[/]W=_K]GE=/]KKQUXK2HH`*\F_:O\`^::_]CWI?_M6
MO6:\F_:O_P"::_\`8]Z7_P"U:`/6:***`/)O^;Z?^Y$_]R%>F6_B33KO7[K2
M8K^REU6Q@BN;BS2=6N+>*4NL<CH#N5',4@5B,,8W`SM./,_^;Z?^Y$_]R%?)
M7@BT\!_#W]IOX[#1_AYKGQ*TQ[36+CQ[K4'PSU73_&5K<O(ETFCIJ9BC?6;>
M:.6-;>WM@3%#%$2\D;QX2DKM/HF_N_3SZ:=6D6H-QNM[Q7WOO^2Z_(_0ZBOR
M.;X)>&-0\):8;CX,^/\`6?AY?V7BI]$\'V7PIURRT_P-XGNS8/IR6MA<V4$D
M"I"L^S4A#';Q3O<MYL)?%>A_L,?`KQMX7_:-^'LOBGP3XDM_C7H7B76KCXD>
M-[C0)X;/7=!EL+E+"W356C\B\C$KV&RVBD=HGMY&9(^2VU.ES.S=O=OKO?56
M[-JUW9_#*,E=/3"K-QAS)7U:^6Z?>S^%72]^\7:US]+J**Y+0=&\>6_VW^U/
M$GA&\\RU=+3[+X;N+;R+@XV22;KZ3S(QSF,;"V1AUQSD:'6T5R6@Z-X\M_MO
M]J>)/"-YYEJZ6GV7PW<6WD7!QLDDW7TGF1CG,8V%LC#KCF?P[I7C*VTO4TU;
M7O#-]>RQ8T^6TT&>UBM9,-\TJ->2&9<E#M5HSA6&[Y@5`.FHKDM/T;QY'H>H
MQW?B3PC/J<OE_89XO#=Q%!;8;]YYL1OF:7<N`NV2/:>3OZ4:?HWCR/0]1CN_
M$GA&?4Y?+^PSQ>&[B*"VPW[SS8C?,TNY<!=LD>T\G?TH`ZVBN2T_1O'D>AZC
M'=^)/",^IR^7]AGB\-W$4%MAOWGFQ&^9I=RX"[9(]IY._I4]GI7C)/!]W!<:
M]X9EU]Y0;:\CT&>.SBCRF5>W-X7=L!_F$RCYE^4[3N`.FHKDO[&\>?\`"+^3
M_P`))X1_MK[5O^U?\(W<?9?L^S'E^1]NW>9OY\SS<8XV9^:C^QO'G_"+^3_P
MDGA'^VOM6_[5_P`(W<?9?L^S'E^1]NW>9OY\SS<8XV9^:@#K:*YF\TKQD_@^
MT@M]>\,Q:^DI-S>2:#/)9RQY?"I;B\#HV"GS&9A\K?*-PVP:AHWCR30].CM/
M$GA&#4XO,^W3R^&[B6"YRW[ORHA?*T6U<AMTDFX\C9TH`ZVBN2U#1O'DFAZ=
M':>)/",&IQ>9]NGE\-W$L%SEOW?E1"^5HMJY#;I)-QY&SI4_B+2O&5SI>F)I
M.O>&;&]BBQJ$MWH,]U%=287YHD6\C,*Y#G:S2'#*-WRDL`=-17):]HWCRX^Q
M?V7XD\(V?EVJ)=_:O#=Q<^?<#.^2/;?1^7&>,1G>5P<NV>#7M&\>7'V+^R_$
MGA&S\NU1+O[5X;N+GS[@9WR1[;Z/RXSQB,[RN#EVSP`=;17):]HWCRX^Q?V7
MXD\(V?EVJ)=_:O#=Q<^?<#.^2/;?1^7&>,1G>5P<NV>)_&>E>,K[5(W\/:]X
M9TNR$0#Q:CH,]_*TF3E@Z7D("XVC;M)!!.XYP`#IJ*Y+Q/HWCR[UR>31?$GA
M&PTQMODP7OANXO)X_E&[=*E]$K9;)&(UP"!SC)GU+2O&4OC!9[/7O#,&@"6,
MM9S:#/+>&,!?,47`O%0,QW;6\DA<C*M@Y`.FHKF=2TKQE+XP6>SU[PS!H`EC
M+6<V@SRWAC`7S%%P+Q4#,=VUO)(7(RK8.8/[&\>?\)1YW_"2>$?[%^U;_LO_
M``C=Q]J^S[\^7Y_V[;YFSCS/*QGG9CY:`.MHKF=-TKQE%XP:>\U[PS/H!ED*
MV<.@SQ7@C(;RU-P;QD+*=NYO)`;!PJY&#3=*\91>,&GO->\,SZ`99"MG#H,\
M5X(R&\M3<&\9"RG;N;R0&P<*N1@`Z:BN2\,:-X\M-<@DUKQ)X1O],7=YT%EX
M;N+.>3Y3MVRO?2JN&P3F-L@$<9R#PQHWCRTUR"36O$GA&_TQ=WG067ANXLYY
M/E.W;*]]*JX;!.8VR`1QG(`.MHKF?!FE>,K'5)'\0Z]X9U2R,1"1:=H,]A*L
MF1AB[WDP*XW#;M!)(.X8P8-!T;QY;_;?[4\2>$;SS+5TM/LOANXMO(N#C9))
MNOI/,C'.8QL+9&'7'(!UM%<EH.C>/+?[;_:GB3PC>>9:NEI]E\-W%MY%P<;)
M)-U])YD8YS&-A;(PZXYIGQ#K/@71-4?Q;XT\#6]Q)!FPN/[+?3H+1]K_`#S+
M+>N94R%.%>,X1ANYRI<#N:*^<M:_;J\%>!]%U6'6OCW\%)=64HMH]E:-*EF5
M8^:LT$>H2/(2!@!7C*D9._(6O+]:_P""S7PN\*Z/JMO-\6/#NNZN#&+*73/`
M6J);P$,?,#K)=8FW+@*4E0*>27'`AU(K=EJ$GLC[=HK\V?$'_!PCX7TGPE?6
MNGV&L:UXA\T&TU!O#:66G+'E,JT!U*25R0'^;S$QN7Y3M.[#TS_@M+\?O'6A
M>5X2^`\VN7[W.^.^AT;49X)+?8/D^SQ%B'WY.\3$%<#8#S4.O#N4J,^Q^H5%
M?F[8_M=?M[?$>%1I7P5\.:,'QAI]/:S<<CK]KO`!Z<@=3Z<2?\*B_P""A?Q.
M*M?>//"OA&*7'[CS+*+R?NY^:VMY7//)^8]&QP0">V[)_<'LN[1^CU%?$7[,
M/["/[2WPS^*EGXJ\7?M#OJY@@>*;29TO-8TVXW*HVF*66```C.]`K_*.?F85
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M(SO*X.7;/`!UM%<SXSTKQE?:I&_A[7O#.EV0B`>+4=!GOY6DR<L'2\A`7&T;
M=I(()W'.!8_L_P`4?\)Q]H_MC0?^$:_Y\/['F^W?ZO'_`!\_:=G^L^;_`%'W
M?EZ_/0!O5Y-^U?\`\TU_['O2_P#VK7K->3?M7_\`--?^Q[TO_P!JT`>LT444
M`>3?\WT_]R)_[D*]9KR;_F^G_N1/_<A7K-`!1110`4444`%%%%`!1110`5#J
M&H6^DZ?/=W<T5M:VL;2S2RL$2)%&69B>```22>E34$!@00"#U%`'R?=_\%M?
MV<;.[EA/C>\D,3E-T>AWS(V#C((BY'O4?_#[W]G#_H=-0_\`!#??_&J]6N_V
M`?@??W<L\WPE^'TDT[F1V.AV^68G)/W?6H_^'>WP+_Z)'\/?_!';_P#Q-8VJ
M]T:IT^S/,;7_`(+;_LW7$ZH_CF\@5NKOH&H%5X[[82?R%7/^'TG[,_\`T4K_
M`,M[5?\`Y&KLG_X)G_`*1V8_"?P:"QSQ9`#\@>*3_AV;\`?^B4>#O_`/_P"O
M1:KY?B%Z?F<=_P`/I/V9_P#HI7_EO:K_`/(U*G_!:+]FAV"CXE`%CCGP_JH'
M_I-78?\`#LWX`_\`1*/!W_@'_P#7JA?_`/!*G]GG4;EII/A9X=5VP"(FFB7_
M`+Y5P!^5'[WR_$+T_/\``A_X>R?L[?\`14M#_P"_%S_\;H_X>R?L[?\`14M#
M_P"_%S_\;H_X=-_L[?\`1+=#_P"_]S_\<H_X=-_L[?\`1+=#_P"_]S_\<H_>
M^7XA^[\P_P"'LG[.W_14M#_[\7/_`,;K0L_^"GO[/]];),GQ6\)JC\@27#1M
M^*LH(_$5A:Q_P1]_9OUU8UG^&-A&(B2/L^IW]L3GU\N=<_CFJ'_#EO\`9G_Z
M)K_Y<.J__)-%ZOE^(?N_,['_`(>9?`'_`**OX._\#/\`ZU'_``\R^`/_`$5?
MP=_X&?\`UJX[_ARW^S/_`-$U_P#+AU7_`.2:CNO^"*O[--Q`R)\.I(&;HZ>(
M-3++SVW7!'YBB]7R_$+4_,[^P_X*-_`?4D9H_BUX$4*<'S=5BB/X!R,_A4__
M``\)^!?_`$5SX>_^#RW_`/BJ\M_X<A?LX?\`0EZA_P"#Z^_^.T?\.0OV</\`
MH2]0_P#!]??_`!VB]7L@M3[L]$UW_@I7\`_#MOYMQ\6/!<B>EK?K=-U`^[%N
M/?T_D:\Q\4?\%S?V==`5C:>)M:UPCM9:'=(3T_Y[K'ZG_OD^V=71O^"*W[-^
MC7R7!\`RW;1D%4N-;OWC!SU*^<`?H<CVKTGPK_P3\^!_@MHFL/A/X"$D!#1R
M7&C074B$8(8-*K,""`<YS1^]\@O3\SY4UW_@XI^'#RI#X?\``'CW5;B5@D4=
MT+6U,C$@!1LDE.23V![>M9<?_!97XW_$3:/!?[,7B2=9N(Y'6^OTYQAB8[:,
M`<YSG`!Z]Z_0SPYX*T;P=`(M(TC3-*B5=H2SM8X%`P!C"@<8`_(>E:=')/K+
M\`YX=(_B?G"W[1W_``4`^)H']D_"?PQX:BF/RN]O#;O$/4B[NR<@'^[Z\=J4
M?LY?\%`/B:N-6^+'ACPU%+]Y$GAMWC!SP#:6A)(!_O>G/>OT=HH]CWDP]KV2
M/S@/_!&SXX_$/<?&G[3OB2839\R.-[Z_3!SE0)+F,`8.,8P`3QZZFA_\&ZWP
MY>9IM?\`B!X]U6XE8O+);?9;9I&.22=\<IR20223GGUX_0NBA4(=@]M/N?(/
MA?\`X(9?LZZ`JB[\,ZUKA'>]URZ0GK_SP:/U'_?(]\^H^&/^";?P%\(@"T^$
MW@B;;_S^Z<E]Z_\`/;?Z_P"<"O;:*M4X+9$NI)[LPO"_PO\`#/@=%31/#NA:
M.B?=%E816X7Z;%'J?SK=HHJTB+A1110`4444`%%%%`!1110`4444`%>3?M7_
M`/--?^Q[TO\`]JUZS7DW[5__`#37_L>]+_\`:M`'K-%%%`'DW_-]/_<B?^Y"
MO6:\F_YOI_[D3_W(5ZS0`4444`%8FF_#3PYH_P!H^Q^']$M/M<+6\_DV,4?G
M1-C=&V%^93@9!X.*VZ*`,33?AIX<T?[1]C\/Z):?:X6MY_)L8H_.B;&Z-L+\
MRG`R#P<5+I?@'0=#L[NWLM$TBSM]03R[J*"SCC2Y7!&UP``PPS#!S]X^M:U%
M`&):_#3PY9:==6</A_1(;2^V?:8$L8ECN-ARN]0N&VGD9Z&BU^&GARRTZZLX
M?#^B0VE]L^TP)8Q+'<;#E=ZA<-M/(ST-;=%`&):_#3PY9:==6</A_1(;2^V?
M:8$L8ECN-ARN]0N&VGD9Z&I8/`.@VNAS:7%HFD1Z9<OYDMHMG&L$K?+\S(!M
M)^5>2/X1Z"M:B@#$_P"%:>'/['_L[_A']$_L_P`[[1]F^PQ>3YNW;YFS;C=M
MXSC..*/^%:>'/['_`+._X1_1/[/\[[1]F^PQ>3YNW;YFS;C=MXSC..*VZ*`,
MF?P#H-UH<.ERZ)I$FF6S^9%:-9QM!$WS?,J$;0?F;D#^(^IJ*Z^&GAR]TZUL
MYO#^B36ECO\`LT#V,31V^\Y;8I7"[CR<=36W10!B77PT\.7NG6MG-X?T2:TL
M=_V:![&)H[?><ML4KA=QY..IJ75/`.@ZY9VEO>Z)I%Y;Z>GEVL4]G'(ELN`-
MJ`@A1A5&!C[H]*UJ*`,34OAIX<UC[/\`;/#^B7?V2%;>#SK&*3R8ESMC7*_*
MHR<`<#-&I?#3PYK'V?[9X?T2[^R0K;P>=8Q2>3$N=L:Y7Y5&3@#@9K;HH`Q-
M2^&GAS6/L_VSP_HEW]DA6W@\ZQBD\F)<[8URORJ,G`'`S4NO>`=!\57BW&J:
M)I&I7"((UENK..9U4$D*"P)QDDX]S6M10!B:O\-/#GB#49+R_P##^B7UW-CS
M)[BQBED?``&6923@`#Z`5+=^`=!O]<&J3Z)I$VIJZR"[DLXVG#+C:V\C=E<#
M!SQ@>E:U%`&3=^`=!O\`7!JD^B:1-J:NL@NY+.-IPRXVMO(W97`P<\8'I47_
M``K3PY_;']H_\(_HG]H>=]H^T_88O.\W=N\S?MSNW<YSG/-;=%`&3:>`=!L-
M<.J0:)I$.IL[2&[CLXUG+-G<V\#=ELG)SSD^M%IX!T&PUPZI!HFD0ZFSM(;N
M.SC6<LV=S;P-V6R<G/.3ZUK44`8FD?#3PYX?U&.\L/#^B6-W#GRY[>QBBD3(
M(.&501D$CZ$T:1\-/#GA_48[RP\/Z)8W<.?+GM[&**1,@@X95!&02/H36W10
M!DZ#X!T'PK>-<:7HFD:;<.AC:6ULXX79202I*@'&0#CV%1:;\-/#FC_:/L?A
M_1+3[7"UO/Y-C%'YT38W1MA?F4X&0>#BMNB@#$TWX:>'-'^T?8_#^B6GVN%K
M>?R;&*/SHFQNC;"_,IP,@\'%2Z7X!T'0[.[M[+1-(L[?4$\NZB@LXXTN5P1M
M<``,,,PP<_>/K6M10!B6OPT\.66G75G#X?T2&TOMGVF!+&)8[C8<KO4+AMIY
M&>AHM?AIX<LM.NK.'P_HD-I?;/M,"6,2QW&PY7>H7#;3R,]#6W10!DP>`=!M
M=#FTN+1-(CTRY?S);1;.-8)6^7YF0#:3\J\D?PCT%1?\*T\.?V/_`&=_PC^B
M?V?YWVC[-]AB\GS=NWS-FW&[;QG&<<5MT4`8G_"M/#G]C_V=_P`(_HG]G^=]
MH^S?88O)\W;M\S9MQNV\9QG'%'_"M/#G]C_V=_PC^B?V?YWVC[-]AB\GS=NW
MS-FW&[;QG&<<5MT4`9,_@'0;K0X=+ET32)-,MG\R*T:SC:")OF^94(V@_,W(
M'\1]345U\-/#E[IUK9S>']$FM+'?]F@>QB:.WWG+;%*X7<>3CJ:VZ*`,2Z^&
MGAR]TZULYO#^B36ECO\`LT#V,31V^\Y;8I7"[CR<=34NJ>`=!URSM+>]T32+
MRWT]/+M8I[..1+9<`;4!!"C"J,#'W1Z5K44`8FI?#3PYK'V?[9X?T2[^R0K;
MP>=8Q2>3$N=L:Y7Y5&3@#@9HU+X:>'-8^S_;/#^B7?V2%;>#SK&*3R8ESMC7
M*_*HR<`<#-;=%`&3KW@'0?%5XMQJFB:1J5PB"-9;JSCF=5!)"@L"<9)./<U)
M_P`(;H__``D/]K_V5IO]K?\`/[]F3[1]W9_K,;ON_+UZ<=*TJ*`"O)OVK_\`
MFFO_`&/>E_\`M6O6:\F_:O\`^::_]CWI?_M6@#UFBBB@#R;_`)OI_P"Y$_\`
M<A7R_P#!SX@>"/!'[:WQAMKWXJ:9XC\0ZMI>JW&N>.-$^(TEV/`-A:W+R16.
MIZ1.\FFZ4;2.4I#<;,RLER7C0F0R?4'_`#?3_P!R)_[D*],TSPWIVB:AJ-W9
M:?96=WJ\RW-]-#`L<E[*L:1+)*P&781QQH&;)"HHZ`"DKJ3?DU]_Z=^^VS9:
MDG#D?>+^Y_UW2=G:Z37Y.Z3^VEX;^)WP!^'`UC]H#6_^$>M?#OBY;77=#\>W
M$-SJGBRWOXO[+L+B[M9@]Q<FTE,D-A(S+<*P/DR*J@>@_L,?'GQIXY_:-^'L
M?B;QCXGG^-=[XEUJQ^)?@F77;J2R\/:%%87+V$YTII/L]HK2I8%+E8E>9KB1
M=\@R%_2ZBM:4U!WM>Z:^;<G?UUY7I=QC&-U9MX3AS4U3OM_DE;T5N97;M-N7
MD%<EH.L^/+C[;_:GAOPC9^7:N]I]E\27%SY]P,;(Y-UC'Y<9YS(-Y7`PC9XZ
MVBLS0Y+0=9\>7'VW^U/#?A&S\NU=[3[+XDN+GS[@8V1R;K&/RXSSF0;RN!A&
MSQ/X=U7QE<Z7J;ZMH/AFQO8HLZ?%::]/=174F&^65VLXS"N0@W*LAPS';\H#
M=-10!R6GZSX\DT/49+OPWX1@U.+R_L,$7B2XE@N<M^\\V4V*M%M7!7;')N/!
MV=:-/UGQY)H>HR7?AOPC!J<7E_88(O$EQ+!<Y;]YYLIL5:+:N"NV.3<>#LZU
MUM%`'):?K/CR30]1DN_#?A&#4XO+^PP1>)+B6"YRW[SS938JT6U<%=L<FX\'
M9UJ>SU7QD_@^[GN-!\,Q:^DH%M9QZ]/)9RQY3+/<&S#HV"_RB%A\J_,-QV]-
M5+Q)'/-X=U!+6W2[N7MI!%`UPUNLS[3M0R*"8P3@;@"5SG!QBA@CDH_'WBJ;
MPP\J:7X$?6DO#$UH/%4QM5A"<N9_L6X2A^/+\K&.=^?EJ6W\7^,;OPX&BT3P
M5+KINMHLT\43M;&WV9\SSA8[_,W\>7Y6,<[\_+7X3>)="_X*#6OB/4(K;]D"
M,VT=S(L6S7X)UV!B!B3SEWC&/FP,]<#.*CL-/_;_`(XV%U^QO=3.3P8O$%M&
M`/3!E;^=>`\?FB_YA4_^XB_R/16'PG_/U_\`@+_S/WLO-5\9)X/M)[?0?#,N
MOO*1<V<FO3QV<4>7PR7`LR[M@)\IA4?,WS':-T&H:SX\CT/3I+3PWX1GU.7S
M/MT$OB2XB@ML-^[\J46+-+N7);=''M/`W]:_`\>+OVXM-U1HKS]BCQ;/'$Q5
MQ;ZH#N_W9`C*1GN,@_K6Q'\9?VW8HU1/V*OB<J*,`#Q&0`/3_CWIK,,SZX3_
M`,J1_P`A/#87_G]_Y*S]V-0UGQY'H>G26GAOPC/J<OF?;H)?$EQ%!;8;]WY4
MHL6:7<N2VZ./:>!OZU/XBU7QE;:7ICZ3H/AF^O98LZA%=Z]/:Q6LF%^6)ULY
M#,N2XW,L9PJG;\Q"_A3;_M!_MQ:-;RR1?L8?%R$!=S^1XG<%L9[+;9)ZX')K
M`\.?\%%?VN'G=M2_8V_:NL/+PT36>E:S<L3GONLH]N.,$$_A0\RS!*[PC_\`
M`X@L+ANE9?\`@+/WNU[6?'EO]B_LOPWX1O/,M4>[^U>)+BV\BX.=\<>VQD\R
M,<8D.PMDY1<<FO:SX\M_L7]E^&_"-YYEJCW?VKQ)<6WD7!SOCCVV,GF1CC$A
MV%LG*+CG\+T_X*3?M5EU#?LI?MF!2>2-`U@D#_OS6G/_`,%1/VF="L@TO[-_
M[;UE;(<`MX;U6-`2>G(`Y-2\VQBWPDOOC_F/ZG0_Y_+[F?M[KVL^/+?[%_9?
MAOPC>>9:H]W]J\27%MY%P<[XX]MC)YD8XQ(=A;)RBXYG\9ZKXRL=4C3P]H/A
MG5+(Q`O+J.O3V$JR9.5")9S`KC:=VX$DD;1C)_#_`$G_`(*[_M!VF9)/@/\`
MML)*<C;_`,(OJ$Z8]?G8<_A6C;_\%B?C\TH$OP+_`&UD3N4\$W3'\BX_G36<
M8GKA9_\`DO\`F'U*ETK1_'_(_:CQ/K/CRTUR>/1?#?A&_P!,7;Y,][XDN+.>
M3Y1NW1)8RJN&R!B1L@`\9P)]2U7QE%XP6"ST'PS/H!EC#7DVO3Q7@C(7S&%N
M+-D+*=VU?.`;`RRY./Q9U/\`X+B?&O0S&M[\&_VQ;,R`[!/\/#&6QUQNDYK>
MT_\`X+>_%"&V4CPG^TDAD`8I+\-;J1D..A)A/3V.*;SNJM\+4^Y/]1+`P>U6
M/WO_`"/V(U+5?&47C!8+/0?#,^@&6,->3:]/%>",A?,86XLV0LIW;5\X!L#+
M+DX@_MGQY_PE'D_\(WX1_L7[5L^U?\))<?:OL^_'F>1]AV^9LY\OS<9XWX^:
MOR0TK_@MY\39I&=]!_:!M3'@KY_PMO'#_@MJPX]_6FWO_!?SQCI6HFTO9OBS
M8SH0'2X^%URC1Y`()4V61P0>G2I_MZ77#5?_``%?YC_L]?\`/V'W_P#`/UXT
MW5?&4OC!H+S0?#,&@"60+>0Z]/+>&,!O+8VYLU0,QV[E\XA<G#-@9--U7QE+
MXP:"\T'PS!H`ED"WD.O3RWAC`;RV-N;-4#,=NY?.(7)PS8&?R!\5?\')Z?#7
M28+GQ'XJ\1Z/;2R"%+G4_A]?6J2O@G:&:T52V`3@=@:Y[_B*V\&?]%0C_P#"
M1N/_`)'JEGR_Z!ZO_@'_``1?V?\`]/(?^!'[,>&-9\>7>N01ZUX;\(V&F-N\
MZ>R\27%Y/'\IV[8GL8E;+8!S(N`2><8)X8UGQY=ZY!'K7AOPC8:8V[SI[+Q)
M<7D\?RG;MB>QB5LM@',BX!)YQ@_CC;_\'4W@:;[WQ>L8>GW_``?>G^5J:V?#
M7_!SIX&\4ZO!8V_QT\,6\]PQ5#>>&+VTA'&<M++9K&@XZLPYX]*I9Y_U#U?_
M``#_`((OJ'_3R'W_`/`/U\\&:KXROM4D3Q#H/AG2[(1$I+IVO3W\K29&%*/9
MP@+C<=VXD$`;3G(@T'6?'EQ]M_M3PWX1L_+M7>T^R^)+BY\^X&-D<FZQC\N,
M\YD&\K@81L\?FOX=_P""X6F^*(XWM?VB_@7$)02/M>NZ;9D8.#D3%2.G&<9Z
MBN_\"?\`!2/Q)\4))(_#?QX_9^UV6&,2R16/C/09Y(E)P"Z+,649XY`H_MO_
M`*AZO_@'_!#ZA_T\A]__``#[IT'6?'EQ]M_M3PWX1L_+M7>T^R^)+BY\^X&-
MD<FZQC\N,\YD&\K@81L\3^'=5\97.EZF^K:#X9L;V*+.GQ6FO3W45U)AOEE=
MK.,PKD(-RK(<,QV_*`WRUI7Q2_:(\01LVF:]X(U1EP`EI?Z9*S$]`,-C)[9-
M:']K_M9_]`NP_P"^]+_^.5,L]2WP]7_P#_@C67W_`.7D/_`CZ.T_6?'DFAZC
M)=^&_",&IQ>7]A@B\27$L%SEOWGFRFQ5HMJX*[8Y-QX.SK1I^L^/)-#U&2[\
M-^$8-3B\O[#!%XDN)8+G+?O/-E-BK1;5P5VQR;CP=G6OG.#6_P!K**56;1].
ME53RK/IH#?E(#^1JW_PEG[5G_0L:'_W]L?\`X_0L^B_^7%7_`,`8/+W_`,_(
M?^!(^B+/5?&3^#[N>XT'PS%KZ2@6UG'KT\EG+'E,L]P;,.C8+_*(6'RK\PW'
M;!_;/CS_`(1?SO\`A&_"/]M?:MGV7_A)+C[+]GV9\SS_`+#N\S?QY?E8QSOS
M\M?/W_"6?M6?]"QH?_?VQ_\`C]'_``EG[5G_`$+&A_\`?VQ_^/T_[=C_`,^*
MO_@##^SW_P`_(?\`@2/H'^V?'G_"+^=_PC?A'^VOM6S[+_PDEQ]E^S[,^9Y_
MV'=YF_CR_*QCG?GY:/[9\>?\(OYW_"-^$?[:^U;/LO\`PDEQ]E^S[,^9Y_V'
M=YF_CR_*QCG?GY:^?O\`A+/VK/\`H6-#_P"_MC_\?H_X2S]JS_H6-#_[^V/_
M`,?H_MV/_/BK_P"`,/[/?_/R'_@2/HB\U7QDG@^TGM]!\,RZ^\I%S9R:]/'9
MQ1Y?#)<"S+NV`GRF%1\S?,=HW0:AK/CR/0].DM/#?A&?4Y?,^W02^)+B*"VP
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M7]E^&_"-YYEJCW?VKQ)<6WD7!SOCCVV,GF1CC$AV%LG*+CGK:*`.9\9ZKXRL
M=4C3P]H/AG5+(Q`O+J.O3V$JR9.5")9S`KC:=VX$DD;1C)L?VCXH_P"$X^S_
M`-CZ#_PC7_/_`/VQ-]N_U>?^/;[-L_UGR_Z_[OS=?DK>HH`*\F_:O_YIK_V/
M>E_^U:]9KR;]J_\`YIK_`-CWI?\`[5H`]9HHHH`\F_YOI_[D3_W(5ZS7DW_-
M]/\`W(G_`+D*]9H`****`"BBL33?A_8:5]H\JXUM_M,+0/YVLWDV%;&2N^4[
M&XX=<,.Q%`&W16)IOP_L-*^T>5<:V_VF%H'\[6;R;"MC)7?*=C<<.N&'8BI=
M+\%6>CV=W!#-J[I>IY<AGU6ZG=1@CY&>0M&?F/*$'H<\#`!K45B6OP_L+33K
MJU2XUMHKS9YC/K-X\B[3D;':4LG/781N'!R*+7X?V%IIUU:I<:VT5YL\QGUF
M\>1=IR-CM*63GKL(W#@Y%`&W16):_#^PM-.NK5+C6VBO-GF,^LWCR+M.1L=I
M2R<]=A&X<'(J6#P59V^AS:<LVKFWN'\QG;5;IYP?E^[,9#(H^4<*P'7CDY`-
M:BL3_A7]A_8_V'[1K?D>=Y^[^V;SSMVW;CS?-W[<?P;MN><9YH_X5_8?V/\`
M8?M&M^1YWG[O[9O/.W;=N/-\W?MQ_!NVYYQGF@#;HK)G\%6=QH<.G--JXM[=
M_,5UU6Z2<GYOO3"02,/F/#,1TXX&(KKX?V%WIUK:O<:VL5GO\MDUF\21MQR=
M[K*&?GIO)VC@8%`&W16)=?#^PN].M;5[C6UBL]_ELFLWB2-N.3O=90S\]-Y.
MT<#`J75/!5GK%G:033:NB62>7&8-5NH'88`^=DD#2'Y1RY)ZG/)R`:U%8FI?
M#^PU7[/YMQK:?9H5@3R=9O(<JN<%MDHWMSR[98]R:-2^']AJOV?S;C6T^S0K
M`GDZS>0Y5<X+;)1O;GEVRQ[DT`;=%8FI?#^PU7[/YMQK:?9H5@3R=9O(<JN<
M%MDHWMSR[98]R:EU[P59^)+Q9[B;5XW1!&!:ZK=6B8R3RL4BJ3SU(ST&>!0!
MK45B:O\`#^PUO49+J>XUM)9<96WUF\MXQ@`<)'*JC@=@,G)ZDU+=^"K.\UP:
MB\VKK<*ZR;(]5NHX,KC'[E9!'C@9&W!YR#DY`-:BLF[\%6=YK@U%YM76X5UD
MV1ZK=1P97&/W*R"/'`R-N#SD')S%_P`*_L/[8^W?:-;\_P`[S]O]LWGD[MV[
M'E>;LVY_@V[<<8QQ0!MU@:U\)_"WB0`:CX9\/WX`*_Z3IT,O!ZCYE/7O5FT\
M%6=GKAU%)M7:X9VDV2:K=209;.?W+2&/')P-N!Q@#`P6G@JSL]<.HI-J[7#.
MTFR35;J2#+9S^Y:0QXY.!MP.,`8&`#RCQU_P32_9S^)]X+GQ'\!/@SKEVL(M
MUN+WP7IL\Z1@E@BR-"65068X!'+'U-<#XC_X(;?L@>*1(+K]G7X5Q"0@G['H
ML=GC`P,>3MQ[@=>]?2&D?#^PT348[J"XUMY8LX6XUF\N(SD$<I)*RG@]P<'!
MZ@4:1\/[#1-1CNH+C6WEBSA;C6;RXC.01RDDK*>#W!P<'J!0!\->)?\`@UV_
M8<\2ZA/='X*FQFN9GFD^Q^*]:ACRQ)(6,7>Q%!/"HJ@#@``8KA/$G_!HE^QI
MKD+):Z!X]T9C&R![/Q1,[`D</^^$@R.W&/4&OTET'P59^&[QI[>;5Y'=#&1=
M:K=7:8R#PLLC*#QU`SU&>346F_#^PTK[1Y5QK;_:86@?SM9O)L*V,E=\IV-Q
MPZX8=B*`/R+UO_@R@_9ON$<:;\3/C?:,5&TW-]I=P`<\D[;%,C';CZUF_P#$
M'Y_PKS2OLWPP_:U^+O@3RIO-MQ]C\Z*'(PYV6]S;?,W]X$>X-?L-IOP_L-*^
MT>5<:V_VF%H'\[6;R;"MC)7?*=C<<.N&'8BI=+\%6>CV=W!#-J[I>IY<AGU6
MZG=1@CY&>0M&?F/*$'H<\#`!^-/_`!#1_M:^$PB^'/\`@H;\4HEBW*@\_6;+
M:O;'EZD^,]Q_.I;W_@DM_P`%4/AO:6UOX0_;3\-Z_;06HB8Z]J%[]HR@PH!E
ML;DR,0.9'<,3U)Y-?L9:_#^PM-.NK5+C6VBO-GF,^LWCR+M.1L=I2R<]=A&X
M<'(HM?A_86FG75JEQK;17FSS&?6;QY%VG(V.TI9.>NPC<.#D4`?CDG[-_P#P
M6@\`WB7%M\</A3XHB@ECF>T,&E,EV`PS&6ETR)U4C.=KH<9P<XI][^T#_P`%
MH/AQJ+P2_!KX3>,;>"0JMW'-I9CNLKG(5-1AD"CU*+R.<@C/['P>"K.WT.;3
MEFU<V]P_F,[:K=/.#\OW9C(9%'RCA6`Z\<G,7_"O[#^Q_L/VC6_(\[S]W]LW
MGG;MNW'F^;OVX_@W;<\XSS0!^.NE?\%4O^"K?@"Z#>*_V,_"&O6:PN`NC65T
MMP74CYB\>H7"D8R-HC!8D8/!!K)_P<I_M>^%8B?$?_!/+XH1E(A(S"SUJR``
MSN;]YISX4X./3'4U^R?_``K^P_L?[#]HUOR/.\_=_;-YYV[;MQYOF[]N/X-V
MW/.,\T?\*_L/['^P_:-;\CSO/W?VS>>=NV[<>;YN_;C^#=MSSC/-`'Y[?\$S
M/^"_GBC]O+]IBT^&'B[]EGXI_"74KZWN+I=2N7FO]/M(XHPX:Y>2TMFB#DE`
M=K#<8Q_'\OZ25DS^"K.XT.'3FFU<6]N_F*ZZK=).3\WWIA()&'S'AF(Z<<#$
M5U\/["[TZUM7N-;6*SW^6R:S>)(VXY.]UE#/STWD[1P,"@#;HK$NOA_87>G6
MMJ]QK:Q6>_RV36;Q)&W')WNLH9^>F\G:.!@5+JG@JSUBSM()IM71+)/+C,&J
MW4#L,`?.R2!I#\HY<D]3GDY`-:BL34OA_8:K]G\VXUM/LT*P)Y.LWD.57."V
MR4;VYY=LL>Y-&I?#^PU7[/YMQK:?9H5@3R=9O(<JN<%MDHWMSR[98]R:`-NB
MLG7O!5GXDO%GN)M7C=$$8%KJMU:)C)/*Q2*I//4C/09X%2?\(K:_\)#_`&IY
MNI?:?[G]HW'V?[NW_4;_`"NG^SUYZ\T`:5>3?M7_`/--?^Q[TO\`]JUZS7DW
M[5__`#37_L>]+_\`:M`'K-%%%`'DW_-]/_<B?^Y"O6:\F_YOI_[D3_W(5ZS0
M`45\S_\`!1Q_'VCZ'X?U_1_$OCKPQ\-_"WG:SXPN?`TNF1^(5%O)!+`X&HQ2
M0R6*(MR]S%'B:1514$@+1/YKX(_:T\;^+OVFM`UNT^(,U[X6\0_$ZZ^'R>"/
M[.L5MH+"+1IKZ/4#)Y/VX7;-''*=TWDB&8+Y*MB2JHQ]I+E3UU?HKQBF^W,Y
M6731N^CLZD>2*D]FG^$92:]5&+;]5W1]Q445YIX5_:&U/QMX7TW6M+^&7CVZ
MTW5[6*]M)OM&CIYL,B!T;:U^&&58'!`(SR!4B/2Z*X/_`(6_XA_Z)7X]_P#`
MO1?_`)84?\+?\0_]$K\>_P#@7HO_`,L*`.\HK@_^%O\`B'_HE?CW_P`"]%_^
M6%'_``M_Q#_T2OQ[_P"!>B__`"PH`[RBN#_X6_XA_P"B5^/?_`O1?_EA1_PM
M_P`0_P#1*_'O_@7HO_RPH`[RBN#_`.%O^(?^B5^/?_`O1?\`Y84?\+?\0_\`
M1*_'O_@7HO\`\L*`.\HK@_\`A;_B'_HE?CW_`,"]%_\`EA1_PM_Q#_T2OQ[_
M`.!>B_\`RPH`[RBN#_X6_P"(?^B5^/?_``+T7_Y84?\`"W_$/_1*_'O_`(%Z
M+_\`+"@#O**X/_A;_B'_`*)7X]_\"]%_^6%4-'_:&U/7M0U6TM/AEX]FN-$N
MELKU?M&CKY,S013A<F_`;]U/$V5R/FQG((`!Z717!_\`"W_$/_1*_'O_`(%Z
M+_\`+"C_`(6_XA_Z)7X]_P#`O1?_`)84`=Y17!_\+?\`$/\`T2OQ[_X%Z+_\
ML*/^%O\`B'_HE?CW_P`"]%_^6%`'>45P?_"W_$/_`$2OQ[_X%Z+_`/+"C_A;
M_B'_`*)7X]_\"]%_^6%`'>45P?\`PM_Q#_T2OQ[_`.!>B_\`RPH_X6_XA_Z)
M7X]_\"]%_P#EA0!WE%<'_P`+?\0_]$K\>_\`@7HO_P`L*/\`A;_B'_HE?CW_
M`,"]%_\`EA0!WE%<'_PM_P`0_P#1*_'O_@7HO_RPH_X6_P"(?^B5^/?_``+T
M7_Y84`=Y17!_\+?\0_\`1*_'O_@7HO\`\L*H6_[0VIW?BB\T6/X9>/6U*PM8
M+V>'[1HX\N&=YDB;=]OVG<UO,,`DC9R!D9`/2Z*X/_A;_B'_`*)7X]_\"]%_
M^6%'_"W_`!#_`-$K\>_^!>B__+"@#O**X/\`X6_XA_Z)7X]_\"]%_P#EA1_P
MM_Q#_P!$K\>_^!>B_P#RPH`[RBN#_P"%O^(?^B5^/?\`P+T7_P"6%'_"W_$/
M_1*_'O\`X%Z+_P#+"@#O**X/_A;_`(A_Z)7X]_\``O1?_EA1_P`+?\0_]$K\
M>_\`@7HO_P`L*`.\HK@_^%O^(?\`HE?CW_P+T7_Y84?\+?\`$/\`T2OQ[_X%
MZ+_\L*`.\HK@_P#A;_B'_HE?CW_P+T7_`.6%'_"W_$/_`$2OQ[_X%Z+_`/+"
M@#O**X/_`(6_XA_Z)7X]_P#`O1?_`)846'QNN_\`A+-#TG5O`_B[P_\`\)!=
M/96MU>RZ;+!YR6TUSM;[/=RN,QP28.S&0`2,T`=Y7DW[5_\`S37_`+'O2_\`
MVK7K->3?M7_\TU_['O2__:M`'K-%%%`'DW_-]/\`W(G_`+D*]9KR;_F^G_N1
M/_<A7K-`'GGQO_9+^&/[2NO>%-4^('@/PMXRU#P/?'4M"GU?3X[IM-G*%"Z;
MP>#D-M.5WI&^-T:,NM9_`+P)IWQ;N/B!;^"O"4'CR[M!83^)(]'MUU>:V&,0
M-=!/.:,8'R%MO`XKK:*<7;;S_'1_>M'W')WWUZ?).Z_'7UU"J'A7PQ8^"?"^
MFZ+I<'V73-(M8K*TAWL_E0QH$1=S$L<*H&223CDFK]%(04444`%%%%`!17,_
M&BXTZT^$/BB76-/US5M*BTJY>\L=%AN)M1O(1$Q>*W2W(F>9ERJK$=Y8@#G%
M?E]H7P=\&:A8:7?WWP5\>WOP;U?4?$%[-\.8/A'KEO8^$M9N+/3X]*\K39K&
M)F`2WO'>[BA^SQ7=V[&5.)#'-\6FROZOHO5ZJ/1RM%VNC6--/EN[7;6NVBNW
M?RTOY.^MF?K/17Y[?LV64_PS_:=\+:5X]T'XQW'B>Y^"MMX?\8:W;^&O$U[8
MMJR16TTL4&IPP-;H_E12$&UE4&;*J?/?!]E_X)$:A##^RK?:+'X=\;^&3I'B
M[Q%+':>)O"^JZ%.;:ZUF]NK5T74((GE5K>:)MR[MI;:Q#AE'5*BDFU*]K[=E
M.4+^CY5)/JI??R1JR?Q1MK'?S@I_@VXOS7R7U)1116!L%%%%`!5#1_#%CH.H
M:K=VD'DW&MW2WMZV]F\Z98(H`V"2%_=01+A<#Y<XR23?HH`****`"BBB@`HH
MK\P_BOX$T;QUXR^-6H_#SX9?$WPO?3QVFGZ_I8^'FO65S\0-/MM<MIM5O)M0
MGM4@OYI+03PVL4=Q-,\#R;<AQ'&HN\U#:]]>BMU?EW:O9:V:3M2BVKKNE][M
M]Z5WYVM>[5_T\HK\O;WPOH_PGT;PQK&E_#3XLZ+X+@^--MX@\#>']$^'?B)X
MM`\/Q06`O)9-)M+1A8AKI;F2..XACE*R.8T`9Q7NO[-.E>"-9_X*2^+_`!'X
M=\">/?`FIV^G:AI%_>:AX!UVPC\;SO=0S/?76JW%HMK/'!Y7E6B&X=A'+,$5
M(PJG6G3YK7TO?Y6IPGJO67(_Y9)]$[8RFU>ZTTL^CO.4='Z1YEW32ZJ_V;11
M169H%%%%`!5"W\,6-IXHO-:C@VZG?VL%E/-O8^9#`\SQ+MSM&UKB8Y`!._DG
M`Q?HH`****`"BBB@`HHKXF_;ET/POXN_;.\"6T'@?QQ:>.]&DM=3M/']GX"U
MO6HK7F6.'3+74+:UFMK*.60@W;22PQB'&\/N#1Q*;322O=]-_DNK\MWLKNR=
M*-TWV77;RN^EWUV6[TNS[9HK\C-$^"$&E_L>?$:.U^$GQ7\.3W/PA&A>,+*T
M\&ZU#J'BSQTV]1<&*UA,NJ-YC2&2]42VSK+&6E=4^3V7]IG3K/XU^+/V;==\
M.>`=;U'Q5H5WHEV&O/@SKMCXBM[>*]B6:-?$-Q#'!H\*+'.\]M<Q[[F(;%*"
M9&;IC23J*%]')1NM=&Y*Z[JT>9=X2C+1&<Y6BY):VD[.R>D8.SU:6LW%N^DH
MR6I^AU%%%8E!1110`50UCPQ8Z]J&E7=W!YUQHETU[9-O9?)F:"6`M@$!OW4\
MJX;(^;.,@$7Z*`"O)OVK_P#FFO\`V/>E_P#M6O6:\F_:O_YIK_V/>E_^U:`/
M6:***`/)O^;Z?^Y$_P#<A7K->3?\WT_]R)_[D*]9H`****`"BBJNN:Q#X>T2
M\U"X2[DM[&![B1;:UENIV5%+$)%$K22/@<(BLS'``)(%%P+5%?F%KG_!R;8V
M^MWD>F?!^[N]-CG=;6>Y\3+;SS1!CL=XUM9%C<K@E0[A22`S8R:G_$2E_P!4
M6_\`+N_^XJP^LT^YM]7J=C]2**_+?_B)2_ZHM_Y=W_W%1_Q$I?\`5%O_`"[O
M_N*CZS3[A]7J=C]2**^$OC/_`,%,OB%X7_;/\,>"]!TC3[#0=;TOPI?C0M=\
M%ZF-5GDUB[NXIX+C5DNEL-+GMH;?>L%S&[SR))%&6;&.O^"W_!;CX*?'OQU<
M:%X=NM1NW@U*UL/M4-]I5W&L5S=?8XKN:.WO)9[2(W310E+N*&<-/&?*V$L.
MB$>;EY=VVDO-6_S7X]G;*JO9WYNB3?\`V\FU]]K+N]%=GU]17QY>_P#!;_X*
MZ5\6_"/@Z]EU73]1\9?9FLWO+[2;5ECO+B2"PE%M)>K=W$=T4#HUK!.(XY8V
MF\G)`M?#7_@L?X#^(NA^']2E\#?%#P]:>+3X?DT-]4LM.']JV^LWRV%O<H(;
MR39''<-MD$NR0`;D212I-TZ4IM**O>7*O.6W+Z^6]M=M2:CY(RG+115WY+OZ
M>??3=GUS17QOX@_X+G?!#PM\9],\"ZC<:MI^M7VLW&B3B]O-*LS921ZM<:2D
MODS7J7%U'+=6LNW['%<.B;7F2$$5[K^RO^U=IO[6.@Z]J>E>'?$/A^UT+5)-
M*(UB?3C/<.G5_)M;J>6WX(/E7:P3@,"8AFI46U?U_!I/\U]Y=6+IS=.>C3LU
MYZ_Y/^K'J=%%%22%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!1110`4444`%%%%`!1110`4444`%>3?M7_\`--?^Q[TO_P!JUZS7
MDW[5_P#S37_L>]+_`/:M`'K-%%%`'DW_`#?3_P!R)_[D*]9KR;_F^G_N1/\`
MW(5ZS0`4444`%%%%`'G&N?L<?"'Q/K=YJ>I_"KX;ZCJ6HSO<W5U<^&;*:>YE
M=BSR.[1EF=F))8DDDDFJG_##GP4_Z(]\+?\`PE+#_P"-5ZE14\J[%<S[GEO_
M``PY\%/^B/?"W_PE+#_XU5O0_P!CCX0^&-;L]3TSX5?#?3M2TZ=+FUNK;PS9
M0SVTJ,&21'6,,KJP!#`@@@$5Z/11R+L',^YY]XY_96\`_$K7_$&J:WH"WVH>
M*;?3+74IC>7$;3)IMS)=6.W9(!&T,\LCAX]K$D9)"J!S%O\`\$^_A9;>"/%_
MA<:5XDD\+>-[4V6HZ'+XOUB72[:(N7VV5JUT8=/(8[@;-(2"`01@8]HHIM7W
M]`4FG=/JG\UL_5=.QY1<?L3_``Z;QOH?B&ST[7]"U'P_96VFP+H?BC5=(M+N
MVME*V\-Y;6MS'!>I&I956Z24*&8#AB#CW7_!./X-W?P\T[PJ?",\&C:-HMEX
M?T];?6]0@N=/M+*Y%U:"&X2<312Q3@2).CB8,!\_%>WT5;DV[M];_/77UU>N
M^K[D12C'ECHM%\ELOE96['A7A?\`X)M?"+P)K.EZCX>TCQ5X;O\`2[B2Z^T:
M-XUUS3I-1>2[EO&%\8+Q#?I]HGGD$=UYJ`S2@*`[`]K\"?V8/!_[.!UR3PQ!
MK\E[XEN([G4[_7/$>I>(+^\:--D:M<W\\\VQ%R%C#A%R<*,G/H%%#G+O_7])
M?<5)\SO+7K\]?\W]["BBBI$%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%>3?M7_\`--?^Q[TO
M_P!JUZS7DW[5_P#S37_L>]+_`/:M`'K-%%%`'DW_`#?3_P!R)_[D*]9KR;_F
M^G_N1/\`W(5ZS0`4444`%<_\6/'_`/PJCX6>)O%/]B>(/$O_``C6E76J_P!D
M:%9_;-5U7R(7E^S6D&5\VXDV[(X\C<[*,C.:Z"B@#\`?^(YS_JUS_P`R1_\`
M>NC_`(CG/^K7/_,D?_>NOW^HH`_`'_B.<_ZM<_\`,D?_`'KH_P"(YS_JUS_S
M)'_WKK]_J*`/B'P[^TM\2_C?^WOI4.GK\</"?P[C\!^&?%UUH":;X6L(-"DO
MSJ,DT&OKJ"OJ<<FVWBB:/3V=HGCE!*\,>7^'W_!;3Q-\4O&5AX2T'X2^'=3\
M4ZYX@TS2=)F'BK5K#0=0M;^RU2ZAODN[[0K>>2+&ER#?!:RPNLJ-'-)@J/L7
MQU^R3\*?BC\4M*\<^)OAE\/?$?C;0_*&F^(-3\.V=YJNG^4YDB\FYDC,L>QV
M9EVL-K$D8)J'P-^QU\(OAAJRZAX9^%?PX\.WZWXU07.F>&K*TF%X%F47.^.,
M'S@MS<#S,[L3RC/SMG6E*"5IJ_\`^TF]?-75OL^=[JIM-RDENK+LGRM7M_BU
M??Y:_)MW_P`%=?$VO^$=3N+_`.'8\*65S9Z[>:'J.D>+(KV\NFT/7K?2KR.:
M.XT[RX%D:=&1@)B4,@(B8*YM?\/F]:T[1]2U/4OA+;6^FW=KK[^&#:>)I[^Z
MUBYTG78-%DAGMXM/,L/FSW4+1BW6[E8;U6)G"+)]=R?LW?#N6QBM7\`^"VMH
M4NXXXCHEL8XUN[A;FZ4+LP!/.B2R`?ZR1%=LL`:XW]H+]@CX9_M#?!J_\$WG
MAS2?#]C>I.D=WH^D6"7%IY]Y%>W`1)X)8'CGN88Y)XI8I(K@K^]20$BIE*"2
MLNCOYWYK/U5X^3L[[A24?:)S?NZ?U\]+_.UM#RWX-?\`!0?XG>,=?^&T'CCX
M*Z=\--+\?WMS9F_U;Q#JB>4RSRQ6L4,4NC0R"XN$B\U8;X6+;)(P"\I>).,^
M)7[:WQJ^%/[:7Q`LX]"T'Q-X6AU_P_X%\*>'F\4QZ=:->:C;&Y^W7;_V/+<Q
ML`I5MEQ(BKP(6;YS[=^S-_P3-^#G[+MGX?N-*\%^&M:\4>&#-_9OBC4O#NE1
M:O8K*[L\=L]I:P16D.9),0VL<,0WN0@+,3ZYJ/PC\)ZQK3ZG=^&/#MUJ+WUO
MJ;74VFPR3M=P(4@N"Y7<98T)5'SN0'`(%*22G!QV3U\XW5UZ\O,D[+5IVNKF
M+<VI]+K3REK;Y7M=7;LFKZGQK\2O^"R&N_"CP)XA\6ZI\)=/G\,V?_"26FCM
M9^,/.U"^O=",J7BW5N;)1:6[O!*(IEDF9@8O,BB,@4=5\)?^"FOB[Q9^T58>
M`O%'PJT?P_&WC.7P'?ZCI_C!M3^RZD=%.M6[1Q-8P>;`UIA9'+(T<QVJDJ?O
M:^@+G]DKX4WOB3Q3K,WPR^'LVL>.;?[)XDOG\.V;7/B"'`'E7DACW7"8`&V4
ML.!Q6W#\%?!MOX@.KQ^$O#$>JMJ8UHWJZ7`+@WXMOL@N_,V[O/%M^X\S._RO
MDSMXK2E*FK.:OI^-UK]UUTUMIH[VUK+71WMY:/E^YV;[J^U[+Y5^('_!4GQM
MHO[0&K^"/#OPBT+6H8/&US\/M,U"]\;/8&]U2'15UG=+$NGR^3;&W\Q3(KR.
M)%0")@Q9.3^&O_!7?Q'\2GT23P?\/Y?$6J?$C5[*WT?3/$'BJ#3+/1UF\)Q:
MXR>=;Z=)((P%D0[Q.Y=RP94*Q)]J-\#O!3:[_:A\'^%CJ?\`:C:Y]K.E0>?_
M`&@UM]E:\W[=WVAK;]R9<[S'\F=O%4O#O[-GPZ\(3Z=+I/@#P5I<ND2++8/:
M:':P-9.MK]C5HBJ#8PM?W`*X(B_=_=XJ4XJDXV][EBK_`-Y+WG;LWMV6G<T4
MHZZ=[?\`@3:\](V7F[OM;Y5_92_X++R?M:_&KPSX?T'X0^,X_#>LV^GKJ&MI
M9:K=KHMW=Z7%J2B66+3FTY;94GCB,DE_'-YC#_1]A#G>_:*_X*F:K\"/&7CM
MX/AM:ZWX+^'VM0^%M0U$^)OL^KW&JS:='?QB#3Q:NKV@2:)7G-PLBXE80.D9
M8^^:7^R!\)=#\>^'_%=E\+?AU9^*/"=DNFZ)K$'ANRCO]&M51HUM[:<1B2&)
M4=U"(P4*S#&"147Q5_8_^&OQAUG6M;U;P9X9'C#7-#N/#LGBJ'2+4:];V4T3
MQ-%%>-&TBJ%D;"DE<G[IY%1BY7BW05G9V7G=6_!->3E?WN6TKC[/G:?PNUNZ
M[O3?H_.UDHWNODOQ'_P6RU[P?I=A8:C\'//\8^)DT2]\/6&BZQJFOV-W9:I9
MWUY"UQ+8:1-=Q7"1Z=<!X8+*Y`+1'S"C.Z=)/_P5@\77^C>+M5M/A-I?A_3?
M!VEZ'<7<?C'7]5TK57U#55C,&G+IUMHUY=M-N9XPHB,COY2K$3(=GN_@7_@G
MU\%/`?P&_P"%:0_"WX?W_@ZY$#ZEIU[X;L)8-;N(415N[R(0B.>X.Q6,C)DM
MSQ73?\,J?"[_`(0+4O"O_"MO`/\`PB^L6=OIU_H__"/VGV"^M;=!';P2P>7Y
M;Q1(`J(RE44`*`*UQ#IN<O9+2ZMZ6UOY]4^_1+W3FH.7+#VF]O>]>Z_*W1=6
M]3XMB_X*T?$KXM>%UUK1?`F@^&O"4WPQ\6>*M3E.OW-MXDTJ_P!%O'LI%M(K
MS2C$R^:J;1>6Z/B4M)$AA-O-T?Q$_P""R.K?#+P+J_BZ7X6V^I>#+(Z[I>G7
M2^*@NKWVJ:1IES?SI<68L]EO:.+29%N%FD?+1L;=5<$?4_\`PQ_\)/['T73O
M^%6_#K^S_#<-Y;Z3:_\`"-V7DZ7%>*RW<<">7B)9U=Q*$`$@9@V<FGS_`+(W
MPHN?%6NZ[+\,/AY)K?B?33H^LZ@WARS-WJUB8Q&;6XE,>^:`HJKY;DKM`&,#
M%*4H7:2TM*WJY2:?R34;7Z7UV-J3BG%U%?WKOI[MHJWWIROINTK7YCYSU?\`
MX*?>//#?A;6+K5OA'X=TNY\-ZS86^M7<OC*[GT31=+O;);N&_N;J#2I)XR`Z
MQR*;;R8FRSW"Q`R5]FQ2"6-74JP8`@@Y!^E>>^.?V1?A/\3]5LK_`,2_##X>
M>(K[3;F&]M+C4_#EG=RVL\*+'%-&TD9*2(B*JL""JJ`"`!7H8&``!@"IDXM.
MRZ_A9?C>[?K]V$(R27,[Z:^MW^%K+^KLHHHJ#0****`"BBB@`HHHH`****`"
MBBB@`HHHH`****`"BBB@`HHHH`*\F_:O_P"::_\`8]Z7_P"U:]9KR;]J_P#Y
MIK_V/>E_^U:`/6:***`/)O\`F^G_`+D3_P!R%>LUY-_S?3_W(G_N0KUF@`HH
MHH`***AU*ZDL=/N)XK:>\EAC9TMX2@DG(&0BEV50Q/`W,!D\D#FDW8:1-17Q
MYJ7[97Q\EU"X>S^$T\%HTC&&.;P_J,LD:9^56<,H9@,`L%4$\X'2H/\`AL;]
MH3_HE?\`Y;6I?_'*^>?$V$_EG_X`ST5E=;NOO1]E45\:_P##8W[0G_1*_P#R
MVM2_^.4?\-C?M"?]$K_\MK4O_CE'^L^$_EG_`.`L/[*J]X_>C[*HKY7UWXM>
M./B7^TUXGT*X^(T'P9L/AQX9T7Q#/I?D:=?)J<EZ;KSS?2W,98V430"$&UDM
MW+JY,N-JUYIX>_X+)^)O&0\?V^A_"?2M<N/!D=EJ<&HVFM:XNAWFDW$]W"VH
M-<2Z#'<O%']D8E[&UO86\Q<3%5=D^@C--)]]?EW?9>NUG>UCS^1^]9:1M=^;
MV7>_RL[JU[GWG17P[^S?_P`%%/'7B#]J;7O#6OZ5HOB/P'XF^);^$/#VN6&L
MIYFD-_PC%KJ\<*0+:(+JU;;<M]I>82YEC'EE?N7/C3_P5G\2?"7XO_$NRM_@
MSJNM_#OX5VM[+K'BB&ZU.-FEM[>%UBA3^RS93M)-.D6R&^DG0)*SPJ55'UJ4
MW#EYOM1Y_164G?S2DK_A=69FIIJ_2]D^_O2BK>3<7;TUL]#[6HKX*?\`X+#^
M/[C3+"VM_@#=6GB-]*\0:W>6NOZMJ_ANS:TTB/3YI);-M1T6"[N%DCOBJE[2
M%?.@9,[#YH3QG_P6[N-#UGQ_-I'P8\8:WX7\":+?7TVKK;:LD(O+72/[3\JX
MN5TQ]-M[=U*PB7[<\PE=<VP5@U'LY7MUMS?+57^]->;5C2,)2<$E\;LO-]OZ
MZ:['WM17Q#XU_P""JOCSX>_%#P7X1U3X7>"I-7\916L9BTSQ;K6H+H=S>I</
M8)>7"Z`ME"D@BC+;[I9?FE\J*<1@R<K\,?\`@LQX\N?A[\'1XA^#<OB+Q=X^
M\*6/B_68O!,6NZQ;6=A=3&&-[=;;2KC;/E7=X;N6"*,#`NIC1&FVVETER_\`
M;UF[=M%%M^1FYKV;J]$E)^C=D_1O1'Z$45\:?`#]O7QS^T9^VWX-TJ/1](\-
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M+\26_A5O@AKVO^.=,OM3MO$.F>&7UGQ#;0Q6,T$4C:?/9:1*]R[_`&F/;]JB
MLH@P='F1@`2G3E-Q45K*]O/ELG]S:OVZFU9.FKST5[?-ZK[^G?H?>E%?"'C[
M_@K]XR\(_"GQ'XTM_A3X5ETC3/%>L^&=*L9O%6LW&M:X-*FNX[N=;+3]`O'B
M`6V5\.=B!W,DD:QAI(/"G_!4?QWXDN/%GB#7_"FC:/X&\/\`C?0=)TDZ#KAF
MU:]L]0TBUU#R[V&XLFC.$NE8FWEC8N/*#`1F::$]_+EOY<SBHW[7YE^/70<X
MN+DGO'FT_P`'Q6[V>G8^]J*^'(?^"M?C3/AK39?@]X>/B7QZ-"O/#-K!X\,]
ME)9:P;E;5[ZX6PW6LZM;'S(HXITVEC'+*4*UVGP1_P""CGB3XM?$'X:Z9J/P
MXTKPGHOCA+VSNM6O_$=S+$NK6EQ>V\^G6!CT]H;J16LFD'VF:R=XI-\<<ACD
M1-%1FVU;:3C_`-O)7:]4M^STWT,?:QO9/[*G_P!NO9^CW]+O9-GU?17SG^WQ
M^WO=_L9WW@S2M&\!:W\0/$7C1KV2VL;"TU6Y"0VB1O,=NFZ??SF0B5`@,"Q$
MYWRQ#D^=^.?^"N\OA3QMJGA>'X978\164&E30V^J:T--C+:K/86^GQ3[H&E@
MD$U\!=(8F:T2-6(D\Z%7BDG4ERTU=WM\^R[LUFN6W-I=7^5[7\E?34^T**^0
MG_;E\>_#']KK1?!/CKP[H<1\73:#I!L-(ULWEAX;N+JV\07,MREW)902W0==
M,MTV21Q!2Q*]#O\`,OB-_P`%:/&WQ/\`"/A^?X?^%]&\.69UCP<-?U:Z\113
MW=K#J^O):"WM+1K1ENDDMXIE>9G@,?F@QAV0E;C2;J1I+>4E'RN[6N^VJ_2[
MT%%WM?2ZNK]KM;;[IZ;Z7VU/T*HKX(^'?_!7;Q"^I6VG-\/6UO0]$NM!M-?U
M[4/%4,6I1C6-;O-(MGBM8=/CAG*2VRNXW0`1N<%F7#^F?L@?\%$O%?[3,?C[
MQ!JOPEO/"?PY\*:7_:FE>(#>:@\OB$;ISY44-UIMI&Y$,*R&6UGN;8^?&J32
M?,5B2Y8.H](J]WVLDW^#5N]]+CA%R2<=;M+YRV7^?9:NR/JNBOA+Q_\`M[_'
M5]6^#/B'1?`G@2WTSQ]I^M:W:^'D\;/-'K6G0Z9'=V[W=XVE;K.X0,3Y5NLZ
M%B%,I7YAA_$G_@O!%X!U!;FV^'-IKN@7OA*?Q%:7%GK&I"XMKN/P\VN#3[V1
MM)&G02M"A7;%?W$X62*0P;'.VE3ES2C;6.Z[;_\`R+^:MOH10DJKBJ;OS;>?
MP_\`R2^3OMJ?H317PO\`$+_@KCX[\`>'[VP_X4:FL?$*/5H+2ST#1]?U+6(+
MRUGTS^T8IC+9://<QR;"L3*;0P1R,-UP$(DKK?@+_P`%.?$7Q@_:L7X9W_P<
M\3:3#93_`-D:UK-G;ZOJ%GHNJI8)>312W7]EQZ?]E!<0K*;T3M(4S:HK!J(4
MW*;IQW6K^Y-_==7[-I/5HGVL>15+Z/;^O.SMW2;6B9]=T5\0_$G_`(*>^+?A
M;\0_$OA?P_X`B\=7^EW?BR_DEUKQ7%I,=M9:*FG2RI$8-.?=N2_(C1PS;H@'
MF(<NG<?M2?\`!1#Q!\%YO!$/@_X=:?XQG\8>"=7\=2+J?B9M%6QL].CLI98L
MI:7/F2O'>':,*N^,`L%8NF<9)TXU>DHJ2]&I2N^RM&7E[K.B-*4I^SBKN\EZ
MN,N65OFUIN[K34^IJ*^+/$__``5PU'0SJ&NV_P`,[6Z\!6M]-H,%\_BE8]:G
MU2/1VU78=/%LR+:>4I0SBX:0'+?9S&-]=%\!/^"H$GC74[K3?'WPZU_PMJDU
MEH^KZ6GA:UU3QG;S66IP22V[W<UKIZ+8.OE.LAGQ`N`1.PW;:<6E)O[*BW_V
M]K'YM:I+6VNQSJK%\B3^.]O/E=G]ST?GH?6-%?$/C_\`X*L^./`O[*OA_P"+
M,GPP\$2Z5XWC&I^&-(B\8:UJ&LZGIOV22Z:22VT_P_=&&X2-4+Q@R01AG+W*
M!/FYO]I;_@J3\0E\"7X\+^%M.\#WUQ+X3U3PS+J.J/)J?B:PU#5M*@N2D$FG
MM9K;[+UX'EBNYIH69&:*+S(F-QI2E5]BE[R:379OO^+:WT>ETRTU>*OO>WR:
M5_2[2OMJM3]`J*\P_9.^/FJ_M!_#W5;_`%_PY9>%?$/A[7K_`,.ZII]EJK:I
M:)<6DQC9X;EH8&DC8;6!:&-AD@KQD^GU%M$^Z37HU=/YI@GJUV;3]4[-?)H*
M***0PKR;]J__`)IK_P!CWI?_`+5KUFO)OVK_`/FFO_8]Z7_[5H`]9HHHH`\F
M_P";Z?\`N1/_`'(5ZS7DW_-]/_<B?^Y"O6:`"BBB@`HHHH`****`"BBB@#D?
MB!^S_P"`OBSXIT'7?%7@CPAXFUOPM*9]%U#5='M[VZTB0XR]O+(C-"QP.4(/
M`KB]6_X)W_L_Z]!J$5]\"_@[>Q:M?_VK?)/X,TV1;R\RY^TRAH3OFS)(?,;+
M?.W/)SXO^U?\'?C7XO\`VM4U'PLOQ&.EO_8I\-ZSH_C*+3?#?AA8KIGU8:KI
MIN8VOVG@PL8-K=@$J`UL<R5\E?"GX<?M5?'_`/9_M?%'PXUCXJ65KJ%A<0^(
M[C7_`!I)J8\:E-:7RO[%B&LVTNGO'9Q7$+D3Z8TC.G[TD"8*D[M6TNW\O-]4
MG9:VW2M=*Z<I6YFWLEZOR7I=_>[VN?JO8?!#P5I>J1WUKX/\+VU[%J?]M)<1
M:5`DJ7_V;[)]K#!<B?[-^Y\S[_E_)G;Q7AFB_P#!+;X7^"_VLO$OQNO;N^O-
M7US[9/J%K?V.D):%;B`0SK/=I9)?W-OY8.+>ZNYK=,*5C7RX]GA?P6_95_:'
M:WUS5_&=_P#$W7[O1_AC]C\,:5?>.;OPU!=:X]WJX-O=QZ?K=ZQE2TFL8Q=R
MWD[';')YWGQ[H^,_9K_8L^/UOX[^'WBOXEZ)\5-5N?"WB;6HM,B3X@7$%QHF
MGWFF6)MYKB.3Q#?&>W2^BNE>.2^O)"'7"&+;&FE5<DI2B[\L6N]TWR\J75M)
M.U[<NMU9#DE:,-TVO1>ZIWONDG)K:_-=6W1]W_"']ECX(^%_!&G2>`OAQ\*]
M.\-WUE<-8MH'A^PAL;BUODB,YB,,81HKE(H=^WY95CCSN"KBUKO[&?P?\4>,
M9/$6I_"CX:ZCX@FTMM#?4[KPQ937CZ>T1A:S,K1%S;F)FC,6=A1BN,$BOA;X
M3_LX_M,?"GP9%X\\9:[\46\2>%KG1GDM9_'TM_8/I<7A."+56DLTN98)Y#J<
M<AW-%),9`9(@0[,\O_!'_6M7_:7_`&3OC+;VGQ0^(NO>.]:L8+9=6G\4OJ>G
MZ)=/9.(FL9XM>UF&&83[Y)HUN('4F,-;0QF)3I5BE.KRN_LTMM;I[6[JS:>W
MO<RL0DX^RB[>_L]DGN[[V::3MJ[69]ZZW^S%\-?$OQ&TGQCJ7P\\#:AXNT""
M.UTS6[G0;674M.BC;=''#<,ADC16Y"JP`/(K%U/]B/X)W^F:/;WOPA^%L]EX
M9OY=7TN*;PK8-%I5Y))YLMU`#%B*9I/G:1,,6^8DGFOCG3/@W^V=XTTOQ!/J
M5YJOAF\\0:'?^+(XH/%4+'1];G0V,.@P;97188K1?/#X-N+F3S!AP2NK\,_V
M2_C/XO\`B?X574S\;_"/PDBUC4KX^'M<^*4UYKMA&NFVZP)?7UMJ,TMS#+J"
M2R)#]JN%1&P^Q',*X5>:";CJTKZ=[ZV[NZNFOBTEHFFU%IM)K1Z?*VGRL^OP
MW:W31]6_#[PG\#O#GB?3/'WA33/A18:U\29G&G^(])M]/BNO%,LT7G/Y5U&`
MUTTD5MYAVLQ9+?<<A,CL='^"_@[P[K=MJ>G^$_#-AJ5DUZUO=6^EP13P&]E$
MUX4=5#*;B55DEP?WCJ&;<1FOSC_9S_8]_:K^#W[$G@[P1<KXG@\7Z&;<>?I7
MBZ"TL[731H&I01:<($N51);>^>W\R1#()V>";S,1^7;\/^VYI7Q@_8U^#VE6
M&N?$'XB^'_#?B^Y\/O>ZKJ_Q$>:6'4QI&IG5(TO;C7]+:VC-TEBPA34[:%G`
M$4<ZF2%M*JC!SC%Z0Y4M=U+HNGNJZE:ZOIL[F]5<LXTT[\RDVUJDXM[VZRT<
M4];-MVV/TX\$?LE_"KX96\L/AOX9?#[P]#/JRZ_(FF^';.T6345!"WI$<8!N
M`"<2GYQD\UO^%O@_X2\#7MK<Z)X6\.:/<V,$]M;2V.FPV[V\4\PGGC0HH*I)
M,!(ZCAG`8Y/-?)?C?P=XM\=?L[?L_7/ABQ^/'Q'^'=OH(;7K'2/&C>&?&NK2
MO:P?8KVZO)M2LI7VL)S-&+S+-,AVR*O'R]^U;X:_:>^#?CCXC>++B'XD>$_A
MYJ^LZ=I]G;V'C^\N7O99_%>CI;"UGN-=NFA:>SDNT=8K3388O,:)EF01RU:I
M/VZH7M[SBF]-DHKS]Y:*R>EEW2RIP52$:C6LN731M7;?X/5WMW[-_>WQA_81
M^!'Q5LM?\"OX:\%^%M7\>7UEXJUV'0M/T^QU7Q)]@U""Z\ZZ7RF:YA,XC25I
M%;(F*[E9P:Z/Q[^R+\!-/^$VEZ9XH^&'PA@\"^`BVH:=::IX<TY=)\.D99IX
M4DC\JVQR2ZA?K7Q/\4/V(OV@/C3\!_%WA:\MOB8GA76/"GBI-#\.:S\1'EU:
MRFDOM)FTFQOKV/4)3<S[8+\"5[B:-(Y3$\I5B&SOB'^RI^TGXX^*7C"UT/P?
M\1=#^'>L^#;_`$:+2O$'Q!GUT7S2Z7&MJ)GO/$5W"MTERA20PV,0#9?[7<+(
M[448+E@N:UUS?X;723UTE:*5DW;=:,PJUI>]>-[.WK>UWW:=[W:5UH]4S]"/
M%_[*/PL^(GA./0M?^&OP_P!=T*/5)-=33M0\/6=U:+J$CM))>")XR@N'=W9I
M<;RSL222:L6?[,_PWT_Q(-9M_A]X(@U@1V<7VZ/0K5;G99@BT7S`F[;`"1$,
MXCR=N*^8O^"I/PJ^/?Q!\;_#N7X,Z9XD!TH&>[U32O%%S8);2I<V[^3<6@UG
M3[66-XEDQ)-;:C@Y3R%5R]>:>,_V2_VGK+3-?UO0==^)TOB#7]<\6QW]D_Q#
M8P-HCZND^EPV,<ET8+*X>R\Z.&:)8Y(3(HD>,(H3GB_<YMM7_P"2V2??7TO9
M-J^E^A+GTEUY5\I\TI?)<NOG)7LSZ_\`"7PC^`/PET76Y]!\,?![PQIVC^(H
M[[5Y+#3M.LH+'6\)Y<UP4552]Q/'M9\2_OEP?F&4\>?L"_![QTNJW2_#OP9H
MGB'5=+N]&/B+2M`L;;6K6UNC*;B.&Z\DR1B0SS,V#RTKMU8FO`?@S^S9\4_`
M/[&GQPTS0-"\=>$_%?C'Q8VL^&+76/&$6HZ_%:M;:;&//U$7D^9AY$R,7N7.
M$QO<$,W)77[*O[3.BIXFU[0_$/Q"7Q/K]_XW@:&^\=M<V$.GRZ@9=#%M;2W#
MV]M(8"RQR1QK)$'"R%5556JD4DD]?=3?JX1O'2^U^7KHFM;6,J,I2YJC5FI\
MJ[M<TVI7=M/=4K[7DMKW/M7XD_LT_#KXS_#VP\)>-/`G@_QEX7TOROLNE:_H
M]OJ=G`8EVQLL4Z.H95X!QD4W7/V8/AIXG\/3:1J?P[\"ZCI-PD\<ME<Z#:S6
M\BSHB3*T;1E2)$CC5P1\P10<@"OB#Q!^SY\<-7\2V!\'^%OVC_"&FOI=I#X6
M_M[XMQ:A_P`(=JJ7TSWU[K8.M73:G;3P-;B*'=>JHBD016Q?<>>U_P#8D_:?
MU#PWJ]Y#XE^,":_J'A[QQ>!(OB=-'"NM1ZP)/"R1Q_;?+BB-H\FY$"PLH5+D
M':J#:-%3E:4E[SE=OR5]>[=K+N^57UTNE&\XTXZ6Y4GLE?SZ*-]7TUTM9O[N
M'[%WP<'P^_X1$?";X9CPILMX_P"Q?^$7L?[/VV\LDT"^1Y7EXBEEE=!M^1I'
M88+$FQ=_LB?">_UG1-2G^%_P[GU'PU$L&D74GARS:;2HUF6=4MW,>Z)1,JR`
M(0`ZANH!KYC_`&9?@Y^TEX>_X*%Z[K_CW6_$EQX$NI+Z2%HML^B7-FZC[':[
M6UXB"XA."7@T2,N58/<2`AJ\D^-7[%?QO\%?#OXEZ#\,?"7Q136/$/Q)U'7+
M;7(OB?J1C>SN8)9+:XMK=/$FGL%25Q'.D[H`0KBWNPB@<TJK5JCNVX\VFK3Y
MHQM_BY6WOLFMM44XIOEBK>]R]E;E<K^G,DO5IZ/0_02+]FGX=6UM=Q0>`_!M
MLE^;9KCR=%MHS*UM</<VS-A.6AN)'FC)YCD=G7#$FO*?V)O^"8W@#]A#Q!XD
MU+PE>ZQ?S^)H4MK@7MEI5J/*5V<"0V-G;-=RY8YN;TW%RPSNE.6S\^^,/@1^
MUUJ_AWQ-+I6L^)=/N=4\,00:5;W/B2&9M/U@1Z=_:4[K'<Q;HKI([J.UC2X3
M[-+YK[X!.CP1?!+X(_M%Z%KWP8D\0:=\9-<71=?N)=3M]4\2)H^E:3ILDT>/
MMC0>*]0O+Z>((SQ"Y?4HI$D,4B0%O-CWA#][R<R5]+]-;I_@M&[:/WG'9Y.J
MW04N5[WY>MU%-:>5[.U[27NJ5KGV;X#_`&/?A'\*[V:Y\+_"SX<^&[FYGN+J
M672_#5E9O+-<)Y<\C&.-27E3Y78\NO!R.*Q?%/[*GP`TOQ;I=SK?PV^#UMKN
MNVW_``C&G2WWA_34N]0@6SF3^SH2\>^1!:"=?(7($(D&W8&KY*^.>G?&+XL?
M\%#_`(D:3\/9/B1<7'A+5O"US97D7C>33O"FB63VWF:E;7E@+R-IFNX5:.-H
M[6<QR,)`T+#>>:^!G[/'[8^F_#?5+5I/%_A;4I_$T.H:7#JWB^745TR(Z'J<
M$JR2W6MZM/<6RW[6#[7GPYVR"UA(=5PA/]VZO:VG6VB7RM)_=+2S3?3"*]HH
MIVNI._1.S>K5]W%>;;77;Z?_`&O_`/@G=\'OVZ[^'P]JMUI>E:WX6EAU"^MM
M+TG0=1G*RV[6UNUU:ZE97D7^JC=(9C$LB!'$4BC>#ZAX$_8Y^%WP\\6:#XFL
M?`GA6;QIX;TF'1++Q5=Z7!<^(5M8H?)6-M0=3<,"F0<OSN.>IKPG_@F/^SWX
MW^$WQ)^(?B'Q9X7^(/AN#Q-HOA^UB'C/QE%XHU2XO+1;X7C&X6[NBL1DF5XU
M,@4+*-J1X,2?8-=$X^R;A%WOJVN]K?E=?-Z:LY:<W4BG.-K723[7OZ;I=]M&
MTD<G<_`7P->:O<ZA-X+\)RW]ZEY'<7+Z1;M-.MVL:W:NY3+"=881("?W@B0-
MG:,6M5^#_A+79;)[[PMX<O7T[3I]'M&GTV&0VMC.J+-:QDJ=L$BQ1AXQA6$:
M`@[1CHJ*PMI;I:WRUT]-7][[G0I-.Z_J^_WG`']E'X6MXYN?%!^&O@`^)KS2
M_P"PY]6_X1ZT^W3Z?L$?V-IO+WM;[`%\HG9M`&,5TWAKX<^'O!EY+<:/H.BZ
M3<3VEO822V=E%`\EO;JRV\)**"8X@[A$/"!F``R:V:*J[V_KJ_S;?S?<CE6F
MFW_`_P`E]R/(I_\`@G]\!KJRU&VE^"7PBEMM8U--:OXF\':<R7M^F_;=R@PX
M>=?,DQ(V7&]N>36CH/[%GP;\+:GJE[I?PE^&>FWNMO:RZC/:^%[&&6_>UD26
MV:9EB!D,,D<;QEL[&12N"`:],HHBW%WCI_P+?Y+[D4]=_P"M;_GKZE#0/"NE
M^%$NTTK3=/TQ;^ZDOKD6MND(N;B0YDF?:!ND<\LQR2>I-7Z**2[`%%%%`!7D
MW[5__--?^Q[TO_VK7K->3?M7_P#--?\`L>]+_P#:M`'K-%%%`'DW_-]/_<B?
M^Y"O6:XCXE_LX^"_C!KL.I^(]&_M&^@@%JDGVN>';&&9@N(W4=78YQGGZ5SO
M_##?PM_Z%?\`\J5W_P#':`/6:*\F_P"&&_A;_P!"O_Y4KO\`^.T?\,-_"W_H
M5_\`RI7?_P`=H`]9HKR;_AAOX6_]"O\`^5*[_P#CM'_##?PM_P"A7_\`*E=_
M_':`/6:*\F_X8;^%O_0K_P#E2N__`([1_P`,-_"W_H5__*E=_P#QV@#UFBO)
MO^&&_A;_`-"O_P"5*[_^.T?\,-_"W_H5_P#RI7?_`,=H`]9HKR;_`(8;^%O_
M`$*__E2N_P#X[1_PPW\+?^A7_P#*E=__`!V@#UFBO)O^&&_A;_T*_P#Y4KO_
M`..T?\,-_"W_`*%?_P`J5W_\=H`]9HKR;_AAOX6_]"O_`.5*[_\`CM'_``PW
M\+?^A7_\J5W_`/':`/6:*\F_X8;^%O\`T*__`)4KO_X[1_PPW\+?^A7_`/*E
M=_\`QV@#UFBO)O\`AAOX6_\`0K_^5*[_`/CM'_##?PM_Z%?_`,J5W_\`':`/
M6:*\F_X8;^%O_0K_`/E2N_\`X[1_PPW\+?\`H5__`"I7?_QV@#UFBO)O^&&_
MA;_T*_\`Y4KO_P".T?\`##?PM_Z%?_RI7?\`\=H`]9HKR;_AAOX6_P#0K_\`
ME2N__CM'_##?PM_Z%?\`\J5W_P#':`/6:*\F_P"&&_A;_P!"O_Y4KO\`^.T?
M\,-_"W_H5_\`RI7?_P`=H`]9HKR;_AAOX6_]"O\`^5*[_P#CM'_##?PM_P"A
M7_\`*E=__':`/6:*\F_X8;^%O_0K_P#E2N__`([1_P`,-_"W_H5__*E=_P#Q
MV@#UFBO)O^&&_A;_`-"O_P"5*[_^.T?\,-_"W_H5_P#RI7?_`,=H`]9HKR;_
M`(8;^%O_`$*__E2N_P#X[1_PPW\+?^A7_P#*E=__`!V@#UFBO)O^&&_A;_T*
M_P#Y4KO_`..T?\,-_"W_`*%?_P`J5W_\=H`]9HKR;_AAOX6_]"O_`.5*[_\`
MCM'_``PW\+?^A7_\J5W_`/':`/6:*\F_X8;^%O\`T*__`)4KO_X[1_PPW\+?
M^A7_`/*E=_\`QV@#UFBO)O\`AAOX6_\`0K_^5*[_`/CM'_##?PM_Z%?_`,J5
MW_\`':`/6:*\F_X8;^%O_0K_`/E2N_\`X[1_PPW\+?\`H5__`"I7?_QV@#UF
MBO)O^&&_A;_T*_\`Y4KO_P".T?\`##?PM_Z%?_RI7?\`\=H`]9KR;]J__FFO
M_8]Z7_[5H_X8;^%O_0K_`/E2N_\`X[5O0/V./AOX7UVRU.P\.>1?:=.EU;R?
8VA=-Y<B,&5L-(0<$`X((H`].HHHH`__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>77
<FILENAME>p4operatinghighlights.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 p4operatinghighlights.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X0!F17AI9@``34T`*@````@`!`$:``4`
M```!````/@$;``4````!````1@$H``,````!``(```$Q``(````0````3@``
M``````!@`````0```&`````!4&%I;G0N3D54('8U+C`P`/_;`$,``@$!`@$!
M`@("`@("`@(#!0,#`P,#!@0$`P4'!@<'!P8'!P@)"PD("`H(!P<*#0H*"PP,
M#`P'"0X/#0P."PP,#/_;`$,!`@("`P,#!@,#!@P(!P@,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#/_``!$(`6(#
M`P,!(@`"$0$#$0'_Q``?```!!0$!`0$!`0```````````0(#!`4&!P@)"@O_
MQ`"U$``"`0,#`@0#!04$!````7T!`@,`!!$%$B$Q008346$'(G$4,H&1H0@C
M0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I*C0U-C<X.3I#1$5&1TA)2E-45597
M6%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJ
MLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:X>+CY.7FY^CIZO'R\_3U]O?X
M^?K_Q``?`0`#`0$!`0$!`0$!`````````0(#!`4&!P@)"@O_Q`"U$0`"`0($
M!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R@0@40I&AL<$)(S-2\!5B
M<M$*%B0TX27Q%Q@9&B8G*"DJ-38W.#DZ0T1%1D=(24I35%565UA96F-D969G
M:&EJ<W1U=G=X>7J"@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>X
MN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR\_3U]O?X^?K_V@`,`P$`
M`A$#$0`_`/UZ_P""AG_!0SPQ_P`$Y?AE:^,?&-KN\-MO^V7GF2C['^]MX4^2
M*&5WW27"#A>.IXR1\4_\1=G[,O\`T$O_`"7U7_Y74?\`!W9_RC,U+_ME_P"G
M72J_E;H`_JD_XB[/V9?^@E_Y+ZK_`/*ZC_B+L_9E_P"@E_Y+ZK_\KJ_E;HH`
M_JD_XB[/V9?^@E_Y+ZK_`/*ZC_B+L_9E_P"@E_Y+ZK_\KJ_E;HH`_JD_XB[/
MV9?^@E_Y+ZK_`/*ZC_B+L_9E_P"@E_Y+ZK_\KJ_E;HH`_JD_XB[/V9?^@E_Y
M+ZK_`/*ZC_B+L_9E_P"@E_Y+ZK_\KJ_E;HH`_JD_XB[/V9?^@E_Y+ZK_`/*Z
MC_B+L_9E_P"@E_Y+ZK_\KJ_E;HH`_JD_XB[/V9?^@E_Y+ZK_`/*ZC_B+L_9E
M_P"@E_Y+ZK_\KJ_E;HH`_JD_XB[/V9?^@E_Y+ZK_`/*ZC_B+L_9E_P"@E_Y+
MZK_\KJ_E;HH`_JD_XB[/V9?^@E_Y+ZK_`/*ZC_B+L_9E_P"@E_Y+ZK_\KJ_E
M;HH`_JD_XB[/V9?^@E_Y+ZK_`/*ZC_B+L_9E_P"@E_Y+ZK_\KJ_E;HH`_JD_
MXB[/V9?^@E_Y+ZK_`/*ZC_B+L_9E_P"@E_Y+ZK_\KJ_E;HH`_JD_XB[/V9?^
M@E_Y+ZK_`/*ZC_B+L_9E_P"@E_Y+ZK_\KJ_E;HH`_JD_XB[/V9?^@E_Y+ZK_
M`/*ZC_B+L_9E_P"@E_Y+ZK_\KJ_E;HH`_JD_XB[/V9?^@E_Y+ZK_`/*ZC_B+
ML_9E_P"@E_Y+ZK_\KJ_E;HH`_JD_XB[/V9?^@E_Y+ZK_`/*ZC_B+L_9E_P"@
ME_Y+ZK_\KJ_E;HH`_JD_XB[/V9?^@E_Y+ZK_`/*ZC_B+L_9E_P"@E_Y+ZK_\
MKJ_E;HH`_JD_XB[/V9?^@E_Y+ZK_`/*ZC_B+L_9E_P"@E_Y+ZK_\KJ_E;HH`
M_JD_XB[/V9?^@E_Y+ZK_`/*ZC_B+L_9E_P"@E_Y+ZK_\KJ_E;HH`_JD_XB[/
MV9?^@E_Y+ZK_`/*ZC_B+L_9E_P"@E_Y+ZK_\KJ_E;HH`_JD_XB[/V9?^@E_Y
M+ZK_`/*ZC_B+L_9E_P"@E_Y+ZK_\KJ_E;HH`_JD_XB[/V9?^@E_Y+ZK_`/*Z
MC_B+L_9E_P"@E_Y+ZK_\KJ_E;HH`_JD_XB[/V9?^@E_Y+ZK_`/*ZC_B+L_9E
M_P"@E_Y+ZK_\KJ_E;HH`_JD_XB[/V9?^@E_Y+ZK_`/*ZC_B+L_9E_P"@E_Y+
MZK_\KJ_E;HH`_JD_XB[/V9?^@E_Y+ZK_`/*ZOT!_8P_:NTS]M'X'V/CW1+/[
M)HVK&.2P;S7D^U6\EO#/'-AXXV7<DR_*R@C'.#P/X6J_LD_X-[_^467PS_[`
MNE_^FBPH`^V*_$?XK?\`!XAX:^#_`,4?$OA'4_`VN3ZEX6U6ZTB[DM=&B:"2
M6WF:)V0MJ*L4+(2"5!QC('2OVXK^%;]N;_D]GXQ?]COK7_I?/0!^Z7_$:MX-
M_P"A!\3_`/@C@_\`EG1_Q&K>#?\`H0?$_P#X(X/_`)9U_.U10!_1+_Q&K>#?
M^A!\3_\`@C@_^6='_$:MX-_Z$'Q/_P"".#_Y9U_.U10!_1+_`,1JW@W_`*$'
MQ/\`^".#_P"6='_$:MX-_P"A!\3_`/@C@_\`EG7\[5%`']$O_$:MX-_Z$'Q/
M_P"".#_Y9T?\1JW@W_H0?$__`((X/_EG7\[5%`']$O\`Q&K>#?\`H0?$_P#X
M(X/_`)9T?\1JW@W_`*$'Q/\`^".#_P"6=?SM44`?T2_\1JW@W_H0?$__`((X
M/_EG1_Q&K>#?^A!\3_\`@C@_^6=?SM44`?T2_P#$:MX-_P"A!\3_`/@C@_\`
MEG1_Q&K>#?\`H0?$_P#X(X/_`)9U_.U10!_1+_Q&K>#?^A!\3_\`@C@_^6='
M_$:MX-_Z$'Q/_P"".#_Y9U_.U10!_1+_`,1JW@W_`*$'Q/\`^".#_P"6='_$
M:MX-_P"A!\3_`/@C@_\`EG7\[5%`']$O_$:MX-_Z$'Q/_P"".#_Y9T?\1JW@
MW_H0?$__`((X/_EG7\[5%`']$O\`Q&K>#?\`H0?$_P#X(X/_`)9T?\1JW@W_
M`*$'Q/\`^".#_P"6=?SM44`?T2_\1JW@W_H0?$__`((X/_EG1_Q&K>#?^A!\
M3_\`@C@_^6=?SM44`?T2_P#$:MX-_P"A!\3_`/@C@_\`EG1_Q&K>#?\`H0?$
M_P#X(X/_`)9U_.U10!_1+_Q&K>#?^A!\3_\`@C@_^6='_$:MX-_Z$'Q/_P""
M.#_Y9U_.U10!_1+_`,1JW@W_`*$'Q/\`^".#_P"6='_$:MX-_P"A!\3_`/@C
M@_\`EG7\[5%`']$O_$:MX-_Z$'Q/_P"".#_Y9T?\1JW@W_H0?$__`((X/_EG
M7\[5%`']$O\`Q&K>#?\`H0?$_P#X(X/_`)9T?\1JW@W_`*$'Q/\`^".#_P"6
M=?SM44`?T2_\1JW@W_H0?$__`((X/_EG1_Q&K>#?^A!\3_\`@C@_^6=?SM44
M`?T2_P#$:MX-_P"A!\3_`/@C@_\`EG1_Q&K>#?\`H0?$_P#X(X/_`)9U_.U1
M0!_1+_Q&K>#?^A!\3_\`@C@_^6='_$:MX-_Z$'Q/_P"".#_Y9U_.U10!_1+_
M`,1JW@W_`*$'Q/\`^".#_P"6='_$:MX-_P"A!\3_`/@C@_\`EG7\[5%`']$O
M_$:MX-_Z$'Q/_P"".#_Y9T?\1JW@W_H0?$__`((X/_EG7\[5%`']$O\`Q&K>
M#?\`H0?$_P#X(X/_`)9UZU^PE_P=3:!^W-^UYX"^$VC>#=8T[4/&NIBS6YO=
M)CAAB14:60EDOY"#Y<;A?D8;BN1C)K^8"OM+_@W:_P"4T_P`_P"P]-_Z17-`
M']E5%%%`'Y3_`/!W9_RC,U+_`+9?^G72J_E;S7]4G_!W9_RC,U+_`+9?^G72
MJ_E;HN!]Y:'^T-X_C_X([:CKR^.?&*ZY!XZCT^/41K-R+N.V\A/W"R[]XC_V
M`=OM76?%?Q;XL^"7QL_9J\)_">ZU2T\`^(-(TZX-OIL6ZV\12S2D7KW(4%;A
MC$0S[]VP,6^7K7Y[Q>/]>@\%R^&X];U=/#L]R+R32UO)!923@`"4PYV%P`!N
M(S@=:W/"G[1GQ"\!^&3HFA^//&>BZ,0P^P6.M7-M:X;.[]VCA><G/'.:\&63
MVJ2G%1:<W+E:T:<.6S]'=K3J^KN=\,9:FJ;O\+C=;IN?-=?+W?3RT/T5^!/C
M.3P7^VQ^TMX5\'>(=3MO!?A_PSJ5[IFEV6H2+I^EWN(FF>")2$B=9FE&4`(.
M1FN-_P""=OBG6_AA\*+GXO>*=:L-4U[XE>)[+0FO_$WB.TMIY=(MG'VR02WL
MRF4](]BEFPBX&!7P#X3^(.O^`KN\N-"US6-%GU"W>SNI+"\DMGN8'QOB<H06
M1L#*G(..13-7\<ZWK_A_3-)O]8U6^TK1`XTZRN+N26WL`[;G$4;$K'N(!.T#
M)Y-8K(+0=-R33C3BVUJU"[?7[3M?7:]S2>8*4G*S7O3DK/;F22_\!:<D^]M#
M]!&^!/\`PS=\"_VSO"<2L-/LSIMQIS8X>UF=Y82#W`1PN?537SS_`,$F?!_A
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M?KLPDOOB/X\O)!;R68:?7[N1A!(`)(LF0_(P`#+T.!D&L+PM\5?%/@;1KO3M
M$\2:_H^GW\L<]S:V.H36\-S)&P:-W1&`9D8`J2"01D8J)Y55=2G4BXQ]G:R2
M=M=)]MXV2TT_$N6,@_:*5VIW3OT5GRKY2=WM>RV/TVT16^._QP^$_P`6M!\:
M>);OPA=^/C8GPKXGL8H;S0+S[/*'BM9!SY"!0ODH=H(W$E@<<HFG^&+/X<_M
MOR:'J^O:CJ$TTAU*&^TB*RAM)/M-U\L,B7,IF7.X;F2(X`.WD@?!&N?M'_$3
MQ/X@TS5M2\>^--1U716+Z?>7.MW,UQ8,>IBD9RT9]U(K-A^+OBRWAU^./Q1X
MBCC\5'=K2KJ4P76#DMFY&[]\<LQ^?/+'UKE7#]50<%-)622MT4XRLW:[^'?1
M[7;MKNLRCS*;C=W3?JN?9=/B7EHW97T^H?V/I)O`'_!.KXR^-O!8EM_B3IVI
M6=D^HV:%K_2M,<Q[WB<#="&S+ND4@@)G(V@CKOA=XJ\:6W[!WQ;^)\KZM#\8
MTGTVT;6FL5M]7M]%81@7*2!1)B0&7=<_>81Y+G8"/BKP%\3?$GPKUAM1\+^(
M=<\-Z@Z&)KG2[Z6SF9#U4O&RG'MFM/3/C_X\T7QG>>)+/QMXNM/$6H#;=:I#
MK%Q'>W(QC#S!][#'J37=B<KG4G4DFO><7=[I1Y;P_P`,N5W_`,3T?7DH8I0C
M!-?#S;=;WL_6-U;?X8[6/O[2OBO!X#^'/[._Q7\?>$M8\9^/DL-6;57M[!9M
M8;2UW)%J$@9?G,0:(K)*0,2,<Y.:Q]:;Q9\-?VP?V?\`Q'HOQ<\7>*?"?Q0N
M;7[,U^[6.JSV*W*'R+XH5-TF96VM(",$J``.?A6;X[^.+CQVGBF3QEXKD\3Q
M)Y::NVK7!OU7^Z)]_F`<GC/>JVO_`!>\6>*_&=MXDU7Q1XBU+Q%9LCV^J76I
M337L#(=R%)F8NI4\@@\'I6-/)6JJJ-JWO75KJTG)J*36B3DM59NS35FK5/&7
MH2I:W:2OUNK:O[MG=;.]U=_?>O?M7W/@/]M'X[6/C:X^)5UX8>[?0M.\2:-)
M+=3^`S/)@&WWDK;K+@9\O#'RAM#$<?,W[>7P!\3>#?VSKCPO?^(HO&^O^(39
M/;7ZVJ6L]WYZK'"L\:#"S8"AB<ELACRQKRG0?C_X\\*^*]1U[2_&WB[3=<U=
MMU_J-KK%Q#=WISUEE5P[G_>)K);X@:\WC-?$AUO5SXA2<72ZH;R3[:)@01()
ML[]X(&&SD8K7`93+#5*<XM>[!1?G9+[M4V[/6ZNKJ[K%X[VRJ)7]Z3:\KO\`
M'2RMTW3Z'Z:?M'?"&U\=_LP>.?@QI\WAVX;X-:!IVJ:$MGK%C<WUS=6L<AU)
MI+6*4W$1;S2N9$4%B/49]7U;0?#_`,:/C#\(O#:I;VOC7X9:=H7BO3#PAO=-
ME`@NX1_US*))CZ`=Z_'[0_BYXL\,>+[WQ#IGB?Q%IVOZCY@N]2MM1FAO+KS#
MF3S)58.V\\MDG)ZYJR/CMXX7Q?8^(1XR\5C7]+MQ9V>I?VM<?;+2``J(HY=^
M]$`9AM4@88\<UY\N'JSU]HKWYKV?QM6;WVE977G*UKERQU/EY(Q=DG'5_8;6
MGJO>^;78_0#X]_$;QC\*_P!C2[OO`6J:UI/B&\^-FK0)_93NLU\3/<XA9%_U
MRLRH/+8,&P`0:\8_X*!^%/#WAS_@HUX5@TFPT^PO+]=&NM?M+556&+49)%,P
MV*`%8C8S#`R6)(R:^=?#'[3_`,2_!-E<VNB_$/QSI%M>7$EW/%9:]=6Z3S2'
M,DK!'`9V/)8\GO7)2^(=0GUXZJ]]>/JC3_:3>-,QN#+NW>9OSNW[N=V<YYKN
MR[)YX>K&HY+2^V[NHJS\ERWZZOI;7/&XU5Z4Z:5N9->6LI2OZZV^_N?K]^TS
M\,_#/[0_QW?QIKLEK'!^SUKD\FOQ2`$WFG_8([^WSZ@3C8!W!:N9^+_@X?&;
M]NGX6?$36X=.CTSP?\-X?&&J/<S1VUMYRM*T$;2RLJ(//=2"[!0$.2*_,2]^
M.GC?4Y->>Y\8^*KA_%*)'K32:M<.=75!A%N,O^^"C@!\X'2I-4^/OCO6])GT
M^]\:^+;RPNK.+3IK:?5[B2&6UB),<#(7P8D))5"-JDG`%>;0X;KTHPC&JO<C
M9:/3FBU-KS<GS+T1U5,SIS<W*/Q[^:4XRBOE%./S\D?I'IG@NX\>_MO?LT_&
M&X?2;N_\76L^D^(9--O[74+1=3M+.8;A-;.\3%ES]UCCRL<$$5'\6K'P[\5M
M$^&=IXIUB[\>^$KWXN7]GJNMZUB.[T!UEE6/2=N^0BW=L?,9<;`ORJ"H7\W/
M"OQS\;>!-)M+#0_&/BK1K'3[HWUK;V.K7%O#;7!4H9D5'`60JS*6`!P2,X-4
M[GXH^)KSP]J&D3>(M=ETG5[S^T;ZR>_E:WO;G.?/EC+;7ES_`!L"WO73_8-3
MVD)*:2AHK*UES.6F]N52LK/HKW5T92S%2C*Z=Y*S?GRN-^F^C?SM9V:^\_B5
MH?Q#^,7BC]H'2[CXB>)?"<7P_P!-U";_`(0RX\.1/X?FTI&D%NMN&N-J.\:@
MB46X9<Y5S7T;;>/[?X3?%C7_`!5<VB7L/A[X*:5>S0E03-$D\[21\_WE4C\J
M_)G5OVF/B1KWA1]!O_B#XWO="DC\E].GUVZDM&C_`+AB9RA7VQBJU]^T#X]U
M-+I;GQOXON%O=/72;@2ZQ<.)[)<XM7R_S0C<<1GY1D\<UE4X>JU*:IRE&R5M
MM]+-MI)Z[ZMV[FBS*FI.2B]7??;WH22733E:326ZTT/T4^-?@'1_V=/@1\-+
M[POX?D\?^#KSXICQ3H>EV<)N7O[":Q:<1H@!),?S@`C_`)9`GC->'?\`!2*P
M;XM?!/PU\6]&\<^(M>\'>(-=NK:TT3Q+911:EH5PV]I8895Y:V3R]@C4[$*C
M!))(^4[?XS>,+31-(TR+Q7XEBTWP_.;G2[1-3G6#393G,D"!ML3_`#-\R`'Y
MCZTSXA?%[Q;\7+JWG\5^*/$7B>>T4I!)JVI37KPJ<9"F5F*@X'`]*ZL-DM2E
M4A-SNXR;N]6XV2LUM=V5Y*SO?=.QC+'Q<6G&UUK;:[<G==E>3TU36C[G.T44
M5]$>8%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!7]DG_``;W_P#*++X9
M_P#8%TO_`--%A7\;=?V2?\&]_P#RBR^&?_8%TO\`]-%A0!]L5_"M^W-_R>S\
M8O\`L=]:_P#2^>O[J:_A6_;F_P"3V?C%_P!COK7_`*7ST`=I_P`$R?@=X;^.
MG[1L]MXHM$U:P\/:+=ZY%I+,RKJ\T"J4@;;R5);<0.H3'()%>I?#CX):C^UK
MX`TC7[^+X(0^"=4\7:9I%_\`\(]X=DT?6O#KSRQ@VJ.EK"LHVR*A9Y)QELAB
M1D?'_P`/OB'KGPI\8V'B'PWJEYHVM:9)YMM=VS[)(FQ@_4$$@@Y!!((()%=W
MXY_;6^)7Q"\)76A7^NV=MI5_J"ZM=0Z7HMAI1N[Q2&6XE:UAC:20,JG<Q)R`
M>U>1C,'B*F(56G)6]W?I:3<FE9IN2=NFJ2=U='51K0C2E"5TWS:KSC9+?1)Z
M];W>ETC[#\">%/"7Q-_X*'>.?@;J'PZ\!6/@*PLKRQM&MM!@@U+3OL\.Y+K[
M<JBX9V)R2\A4Y''KY'^V5\*O#7A']F/]FFYTO1=$MKS6[6\&I7UI910S:KMF
M@57F=!ND."<%B<;CS7DWB']OSXL^*+#5(;OQ3$+C6[,:?J.H6^D6-MJ=];@8
M$4MY'"MPZXXPTAR*S)/VQO']W\--'\(7>H:'J6@^'K>2UTN+4/#>F7D^FQN<
MMY,\MNTT;9P=RN&&U<$8&./"99BZ56E4<E[G)S*[]YJ,U*3TW;DM/+5['34Q
M5&2J12:YE*VB]U/DLEKJEROMOHM6?>WCKX6^"O&'_!1O6_@I=?#[P);>!]2\
M+B[CET[P[9V-]HTRVAD^T1W4*)*<MU#LZ\C@<U\Y_P#!*#X8Z#XZ^*OQ.@U+
M1_#GB)M'\'7USIAUJSMKBUAN$DC$<Y6Y!B7']Y^`"<G&:\O\9?\`!0SXO>/+
M?5UU#Q5;+<:_:+8ZC>V>B:?8WU];J-HADN8($F9`#C:7Q7#?!_X^>+?@)=:S
M/X3U;^R9?$&G2:3?M]EAG\^UDQOC_>HVW.!\RX8=B*SP^48N&%J47-*4H**L
MW;F7->3TNF[I:=M1U,91=2$DM%.,GHMERWBM=;V;UMOYL_17X.>`?@]X_P#B
M%MM])^%>J>,-%^%=U>^)I].TRTO_``]9ZDKP^7.L44<EN9$_>%S#&PP0`#G%
M8\/[)O@#XE?M=?!/P_K7AWP](\W@N3Q#K%[H-BFGZ)XQE50T(@BA"``'+/\`
MNXRPP"N"!7P%\'_CYXM^`EUK,_A/5O[)E\0:=)I-^WV6&?S[63&^/]ZC;<X'
MS+AAV(K4MOVL?B'96/@B"#Q-=6X^'!D/AR6*&&.?31(0742J@=U.,;9&9<<8
MQQ1/)<2JCE2JV5FEO=-JIMY)RC97M9=XH4,;3Y'&<;_JE[/?S?)*[Z.5UNT?
M1?PA30_VM_V??C]+XF\&^!=!N_`=@NM:%>Z)H-MI,^GOND'V5GA5#-&PC"@3
M;VRQ.2<8]R\>?#GP9J/_``4/\+_!F3X<^`6\#^+/",4MRMIX=L[2_L9S;3N;
MJ.[B1)P^8USN=A[9YKX+^(G[8GQ$^*7A+4-"U76[.+2-7O/[0U&VTS1['2EU
M.XSGS;@VL,9G;(!S(6Y`/49K>\0_\%$?C!XGANQ=>*[>.ZO].&DW%_:Z)I]I
MJ,MH`0(#=Q0+/L`)XW]3GK16RC$S;<&DK-6YI63<%%23M>ZDN;9=[W;-)8VE
M?KO>]EMS)VM?:R?EK:UCV?\`:'^#_A'PA^R-^S]<:5I&A37E]XHU&POM4BL(
M4N=7BBO6C3SW`W2#:!\K$@`XKV7]L+X)^`?@-I?Q[^(?AWP9X,GUOP]?:1H>
MEZ?-H]M/INB)/;6S27"V94PF1C*<&1"`5S@Y8'X2^&?[7GQ!^$?A"VT#1=:M
M3HUC??VE9VFH:39:G'877_/:#[3%)Y,G?='M.23U.:3PG^UY\1_!GB3Q-JMI
MXGN+FZ\9[O[=CU&V@U&VU;)/^N@N$>)\9(&4^4'`P.*JIE.+<M*FB<GNUS*4
MX2L[+16BXZ7T>UKHBEC*,/L=$K::6YM5W>L79I;;GTA_P3&\<Z?^T5^UB^B>
M)/`GPPFT:[T:YO+BS3P?IYCEN8H5`F4O$S19P"8XBD6<D1@DYTO@OX"T+]I7
M]AWQ-J7B+0_!]CKEW\1M)T"/6-.\-V&FSV-I+-:HRQ_9H4"\2-G`^;/.:^7_
M``]^V#\1?"GQ=7QWIOB$67B:.S.G17$6GVJP06Q39Y,=OY?D1QA>BJ@`ZC!Y
MK'TG]H3QAH?PAU7P'::RT'A36]035;RR6VAS+<IMVR"4IYBD;%X5@..G6NBK
ME=257VD+1_AZ7>G+-RETZQLEWM9V2,J>*C&DX2;;;EKY.GRKKTEK^.Y]RZ-X
M3\(ZK_P4WU'X`R_#CP&OP[BM9-*15T*!=4BV6/GB[^W[?M1E+_Q&3;@],\UU
M>L?L>_#;QQ^RK\/_``AI&A^'H_B`;&?Q!I>IP6,*7/B..QN]MS!+(!NF\R&0
M,JDL,C/1:^(-1_X*`?%S5;:Y$WBN,7M[I_\`94^J1Z18Q:O-:XQY+7RPBZ*_
M66L.U_:Z^(MC-X#DM_$L]O)\,U=/#;Q6L"-IJN067(3,H;`!$N_(R.A(/$LF
MQG[IJHDX<M[-OFE%3]YZ=9.-UU2=WHC26,HOVGNZ2O9:>ZGR^ZODFK]'9VNV
M=C_P4X\'Z1X!_;D\>:1H6E:;HNDV<]L(+*PMDMK>`&UA8A8T`5<L2>!U)->#
M5T/Q7^*_B#XX?$'4_%7BG4&U77]8=9+NZ,,</FLJ*@^2-51<*H&%`'%<]7OY
M?0G1PM.C5=Y1BDWW:23W.3%U8U*TZD%9-MH****ZSG"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"OM+_@W:_Y33_`
M#_L/3?\`I%<U\6U]I?\`!NU_RFG^`'_8>F_](KF@#^RJBBB@#\I_^#NS_E&9
MJ7_;+_TZZ57\K=?U2?\`!W9_RC,U+_ME_P"G72J_E;H`^\?AQ_P3)^'/CG1?
MA?ILNH>.[;7_`(C>"[CQ-)JRWMJVFZ1+"D3;9(#;!S"3)C<9P00!SNR.)\??
ML,>&?AI^RKX!\>0>$OBGX_NO%&F75_J]WH6I10:9H8B(VR/C3YR(RI)R\B\(
MQSZ<!\<?V_?$WQ5^"7@'P+I$FN^$](\'Z$-$U"&SUV4VWB`!4422PJJ*``I&
MUM_WCSZS>//VP?"?Q?\`V?\`X>>"/%7@;Q%-/\.;&>SLK_2O%$-FET92IWR1
M26,QXV+PKCOSR,?-2PV8\RFY-IS=TG]F]2SO=;IP5D^EWK='J4JN&349+[.]
MOM6AIL[ZJ;NTUK9:6/>D_P""6?@!/`?AR^O;CX@Z7::QX"_X2J]\77%Y;?V%
MI-WY:,+:2,VRDABV0!<;\8X/6OF_]BS]E>Q_:/UGQ=J6OZAJ&F^#_`&B3:[K
M$NGHCWDZ(I*PP[_E#OM8[F!`"GCFO3K'_@JM+!XB\*M<>!UO/#VD>!SX(UC1
MY-8S'KL.S`F+>1B)@W(&U\`L-W)->/\`[*?[5EQ^S!XJ\0R+HD'B'PSXNTN;
M1M9T>XN3`;NVD!X695)1U[,%(Y/'(Q=&EF2IU^9^\T^75;\T_N?+RV^SM?7F
M(4\,U2YNCCS=VN6'-^/-YWVTM;U3X?\`[&7P_P#V@O@WI/CKP=-XST2QLO&5
MAX9\0:9JU_:WLODW4\4:W%M<1P1`,!*N5>(X)/)`^;;\)_\`!/'P5KW[<'Q<
M^&DVJ>*5T'P#H5SJFGSI<P"[FECC@91*QA*,N96R%13P.1W\RN/VW(O`?P;L
M?`WPT\,W7A'28]>A\1W]SJ6KC5K[4KJ!U>!6=8((TB0HAVK'DE`2W7/6^)/^
M"E-G+XU\=^-_#W@*;0OB'\0](_L?4=3DUXW=C;(RHLLEO:FW5D=Q&OWYG"D9
M`ZYBM2S'W_97LU-1NU=-J'*V[[)J;W;2:TZ&M.>%]SGM=.+;2=FE*5TM-W%Q
MZ6=M^_<ZM_P2P\-W_P"S1\,/&F@:QXAO-7UY=(O?$]A)-"PM[&]E6)I[95B#
M+Y;GG>7`')Z<XWQ8_P""?O@3X!Z/\5_%_B*_\7ZCX1\%^(T\,Z'IUC=VT&H:
ME<-%'(7GN&@>.-%#]1"2<'CIG&\$_P#!5'5/`7B3X6W=CX5C:P\`>&3X7U2P
MEU/?%XCMSM))_=?N2&16'$F".I&0:/C'_@H];?%>V^)6B^+_``-)JG@_X@ZV
MNOPV%GKAM+W1+I46,-%<-!(C@JBY#0X)SQSBLW2S957K>#<GNKV=2-HK7?D4
MFGTYK732%&>$Y(IK5**ZZODE=O\`[?:3[I*U]3<^$'[%OP]^,7[-GC7XC^&=
M`^,'C)]$URWTS3O#VG75M#?O&\4+2EVCM+GS-CR.0ZQJ"J@E4.<>0?L[_LS/
M^U#^UC8_#[2;?5/"]K?7DRSIJ4@NKS2H(59I1(1'"'D4*5QY:?,0"!S78Z!^
MVMX*TO\`9_\`%_PPD^&6JV_A'Q/J]OJT2Z=XK\F\M##'$NUI9[2<2,[1;F(1
M!\Q"JH`KS;X&_M"S?LU?M$Z9X\\&V$T$6CW3/;V&I72W;O`ZE'AEE2.(,2C,
M-RQK@D$#BO0H4\6G6>JNO<YFG;W(VO:3^U>^G?5II'-7E3=."C:_VK?XGM=?
MRVZVO;30]D\/_LD_##X[:#\6K3X?S^/-,\0_"^RFU.%];O;2ZM-;MX&*R_)'
M!$UNY*G:"\@P1D]0+7[9O[#?A_\`9I\"Z1>:)X.^*WB*'4O#EGJUSXH:]C_L
M73+B8X:*1$L",`XP#<*?WB]>_+3_`+<>@>"_#GQ$B^'GP_NO">L_$Z*2UU34
M+SQ"=26SMI&+2P6L8MX?+5B3R[2,`<`\"N3_`&R/VKO^&M?%WAG5?[`_X1__
M`(1WP_;:%Y7V[[7]H\DN?-SY:;=V_P"[@XQU-<M&ACW6AS-J&E[M-_#KL]G+
M97WOI8Z95,*E-JS?O6LGMS1Y5JM[<VK3TLKW.M^"/['NCZI^S7'\2O%=IXRU
MYO$&LG0/"_ASPOL2^U>Y5'9V:1H9MB#8PPL3,=IXZ5TG@?\`80\/>*?$/C'6
M]:TGXJ^!/!GP^\,IKVM:5KMG%%K<TK&4)!;2-&B/&WE,1,\*\J1L[UYM\,/V
MK[#1_P!GF^^%OC;PK-XN\)OJ0UC36M-5_LR_T>Z*%&>*4Q3(58$Y1HR,ECWX
M]3\0_P#!5J?Q+X^U26Z\"6\W@G7/"$'@W4-"DU=C<7%M"9"DPNUA7;*/-?D1
M;>>G3%XN&8\]3V2O>]G=62LK)*^^^K6]G>VAEAWAN6/M/GIJWS=^W+V?1JS;
MN)\+_P!AOP%^T)\.O`WC?PI<^,M(T34?&EMX2\1Z9J5];7=U:^<R;9[:Y2")
M6&'48:$D%O1>8?A!^P9X0\?_`/!1SQ;\(KW4O$D7A?PZ;\Q7$,\"W\H@4%`S
MF(QY)/)$?T`KG?#'[?\`:_"KPQX)\,^!_!EQHOA/POXFA\5:C;W^M_;K[7KJ
M)EVK).L$21H%4`!8>"%/.#G=\)_\%%_#'@/]KK4?C!I7PYUX:SKIO/[3L;KQ
M9%+:N+A-N(=M@C1E2`<L9,CCCK652GF2]I[-.SC44=8W3:CRW=^_-9W=DU<<
M98=QCSVO>%]'JE*?-T_E<4]KM.W=\MXR_9C\&^,OV2=7^*O@";Q+IG_"):RF
MD:[HVNWMO?,!*5$4\$\,,.Y<LH*M$#DM@_+\WSS7MGQ"_:VTZZ_9WE^&'@CP
MI<^%O#FJ:H-8UB?4-7&JW^JSKCRP9%AACC1<#Y4C!.T9/7/B=>O@8UDI^UO;
MF]U-IM*RW:;^U=K5NUK]C'%RI-Q]GV=[:?:=O_);7\PHHHKN.0****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*_LD_X
M-[_^467PS_[`NE_^FBPK^-NO[)/^#>__`)19?#/_`+`NE_\`IHL*`/MBOX5O
MVYO^3V?C%_V.^M?^E\]?W4U_"M^W-_R>S\8O^QWUK_TOGH`]E_X(XZ/8:'\>
M?'OQ/O;:VO[GX&?#S6O'FE6L\(EBFU*WC2"R9E/&(KBYBF^L(K]*M)_X)D_`
M.UTH:=XH^$/Q-@UKXNZ3X&\+KXEO/$%MJ5WKNN:_*=2O=2L+F]T]XX9;>*&9
M)KF!7615:-$A?>[?B7\)?COXL^!8\3#PKJQTM?&.A77AG6%^S0SK>Z?<[?.@
M(D1@N[8I#+AU*@JP/-<C6\ZL7R+ET2C?_P`"GSKTG"48M]XIV]U&<8R7,T]7
M>WK:'(_^W91D[=5)I-<S/V4^&_\`P;O_``:\4S:)9WWB#XKQZ/XJ@L[_`$CX
M@#4]-M_#=U)>ZX+*VT2*%K5Y+C4!:AY)'CF`C<#,(4@')\(?\&]7@6TU?3M+
M\1Z)\=D\0:OI.N>((K&6=-,T[2;2/4WATF+5M332;Q-+EFLK>[E9KB`(TB!#
M]GPU?D#16+VTWU^YIV^<=+-6V5U=R;V;5WII>+7RW7I+6ZW5]&DDE^U4_P#P
M;H?!7PW-I5IXBE^.FB6TVMZ?8CQ')J^FMI_B&T_L:XUC4[JQ@^P;U@MX+<PQ
MSO*ZRRD_*H4K5[]G/_@@%\"O'>K_``J\=Z/IWQG\4^&?%LF@7M]X>N==TLMX
M4MKI+F^>^U>Y%AL-H]G%;!;=8HV>6=HQ.?E:OQ'HK15.5N5-6=XM=;66J\U+
M3LUK9ZJV$J?-'ED]XM/SN[IKLU>W5.RNK73_`$J_;]_X)L>!+B+X7>-?#.@>
M+?AI<_'SQ]_9<R>)P/#UEX<^U7#OLL]$DTV`MIT<,UL8[V&_EB(#(41L8^CO
MA[_P2._9[_8H^*]YXY\9^"OB=J,7PQM?&&KW'A+Q[JNER+XIT_1K6-;?6EL_
M[/\`DL[B\E\N*&?S%<M%)YDB*T<GXCUZ%\.?VI_'/PC^#_C#P)X;U6RTCP]X
M^B6VUXP:39_VAJ%NKH_V8WQB-TMN6C1FA258V*Y936<;0I2A2T=I6>]KQBH_
M^`M-IZW4MN9*:Z)S4ZL9U%=75UW5VY>O,FNJ:MHTFT??_P"QI_P2Z^'7[>'P
MAE^-OCF#QOIF@^-?$NOQWM_X4N-%T70?A?I]A:":*XU18]/6W9Y9'CC2""*S
M5P'=0"0E>E:M_P`&Z?PQ^%/BO5;GQ]J_Q8TGP78ZA_HU_%<V4<]]I5AX9EU3
M5]2C5[4YB-XL5O;D@`ACDR$AQ^.E%$^51<:2M[J2ZV:MKTOMJNJ=GTM$&[Q=
M1WUE?I=2;T\FEHGMHG;XK_K7\:?^"'OPC^'GP/T'X@^&?"_[0OCFT\3_`-D6
M]WHUCKM@&^'7VO38M0FOM9OXM*F06T<5U;$#R(``LN9>`:]"\3_\&[7P*\-_
M&A/`%F/VE=?UZTBO%;4!I&HZ;X;OGC2$03SZK+X<:'3[:2;[2/-C6_MPD<;&
MX4,Q7\4J`<$'CBG4<7*7+HFWYM*RLEZ.[U3O>SO96F*:BKZM)+R;ZNV^NBM?
M2VFK=_M;_@I-H%C\./V%?V5/";0-9ZO!;^+-:AM)KN.]N+72+K62M@&N(T19
ME?[/.ZR*B*X<NJJ&`KXIKL?CA\?_`!=^T?XPMM=\9ZNVKZC8Z=:Z/:;;:&U@
MLK.UB6*"WA@A1(HHT10`J(HR23EF)/'5+OS2?=M_)MVOYVW[O4UG).UE;1??
MU^5[V\K!11100%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444
M`%%%%`!1110`4444`%%%%`!1110`5]I?\&[7_*:?X`?]AZ;_`-(KFOBVOM+_
M`(-VO^4T_P``/^P]-_Z17-`']E5%%%`'Y3_\'=G_`"C,U+_ME_Z==*K^5NOZ
MI/\`@[L_Y1F:E_VR_P#3KI5?RMT`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4
M444`%%%%`!1110`4444`%%%%`!7]DG_!O?\`\HLOAG_V!=+_`/3185_&W7]D
MG_!O?_RBR^&?_8%TO_TT6%`'VQ7\*W[<W_)[/QB_['?6O_2^>O[J:_A6_;F_
MY/9^,7_8[ZU_Z7ST`>64444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%?:7_!NU_P`II_@!_P!AZ;_TBN:^+:^TO^#=K_E-/\`/
M^P]-_P"D5S0!_951110!\S_\%`OV7/`G[:7B_P"'?PS^)FA?\)+X(\2_VE_:
M6F_;;BS^T^0D%S%^]MY(Y5VS0QM\KC.W!R"0?&/^(7']A/\`Z(9_Y>?B'_Y.
MKZF^+W_)TGP>_P"XU_Z2)7K-`'P!_P`0N/["?_1#/_+S\0__`"=1_P`0N/["
M?_1#/_+S\0__`"=7W_577==L?"^B7FIZG>6VGZ=IT#W-U=7,JQ0VT2*6>1V;
M`554$DDX`%)NVK&DV[(^"O\`B%Q_83_Z(9_Y>?B'_P"3J/\`B%Q_83_Z(9_Y
M>?B'_P"3J^EM7_X*%?"32/@]I/CL>)-1U'P[KVI7>D:9_9?A[4]2O]0NK62:
M.YCALK>W>ZD$1MYRS+$55(F<G9\U06G_``4A^"NH>++/2+?QM%.;^SBOHM23
M3+UM&5);3[;%&^HB'[''.]K^_6!YEF,9#!-I!JI)J]]+;^7J"5]OZL[/[GIZ
MGSA_Q"X_L)_]$,_\O/Q#_P#)U'_$+C^PG_T0S_R\_$/_`,G5]=_L_?M5>!_V
MH++4Y_!NI:E=G2&B%U!J.B7VCW*)*A>&80WD,4CP2J"T<RJ8Y`"59@#7HE$H
MM:-$1FI*\7<^`/\`B%Q_83_Z(9_Y>?B'_P"3J/\`B%Q_83_Z(9_Y>?B'_P"3
MJ^_Z*11\`?\`$+C^PG_T0S_R\_$/_P`G4?\`$+C^PG_T0S_R\_$/_P`G5]_T
M4`?`'_$+C^PG_P!$,_\`+S\0_P#R=1_Q"X_L)_\`1#/_`"\_$/\`\G5]_P!%
M`'P!_P`0N/["?_1#/_+S\0__`"=1_P`0N/["?_1#/_+S\0__`"=7W_10!\`?
M\0N/["?_`$0S_P`O/Q#_`/)U'_$+C^PG_P!$,_\`+S\0_P#R=7W_`$4`?`'_
M`!"X_L)_]$,_\O/Q#_\`)U'_`!"X_L)_]$,_\O/Q#_\`)U??]%`'P!_Q"X_L
M)_\`1#/_`"\_$/\`\G4?\0N/["?_`$0S_P`O/Q#_`/)U??\`10!\`?\`$+C^
MPG_T0S_R\_$/_P`G4?\`$+C^PG_T0S_R\_$/_P`G5]_T4`?`'_$+C^PG_P!$
M,_\`+S\0_P#R=1_Q"X_L)_\`1#/_`"\_$/\`\G5]_P!%`'P!_P`0N/["?_1#
M/_+S\0__`"=1_P`0N/["?_1#/_+S\0__`"=7W_10!\`?\0N/["?_`$0S_P`O
M/Q#_`/)U'_$+C^PG_P!$,_\`+S\0_P#R=7W_`$4`?`'_`!"X_L)_]$,_\O/Q
M#_\`)U'_`!"X_L)_]$,_\O/Q#_\`)U??]%`'P!_Q"X_L)_\`1#/_`"\_$/\`
M\G4?\0N/["?_`$0S_P`O/Q#_`/)U??\`10!\`?\`$+C^PG_T0S_R\_$/_P`G
M4?\`$+C^PG_T0S_R\_$/_P`G5]_T4`?`'_$+C^PG_P!$,_\`+S\0_P#R=1_Q
M"X_L)_\`1#/_`"\_$/\`\G5]_P!%`'P!_P`0N/["?_1#/_+S\0__`"=1_P`0
MN/["?_1#/_+S\0__`"=7W_10!\`?\0N/["?_`$0S_P`O/Q#_`/)U'_$+C^PG
M_P!$,_\`+S\0_P#R=7W_`$4`?`'_`!"X_L)_]$,_\O/Q#_\`)U'_`!"X_L)_
M]$,_\O/Q#_\`)U??]%`'P!_Q"X_L)_\`1#/_`"\_$/\`\G4?\0N/["?_`$0S
M_P`O/Q#_`/)U??\`10!\`?\`$+C^PG_T0S_R\_$/_P`G5]#?\$^/A;H/P.^%
MGB7P3X6L/[+\,>#_`!-=:)I%GYTD_P!DL[:&"&"+S)&:1]L:*NYV9CC)).37
MO->3?LH?\U*_['O5/_:5`'K-?FE\#?\`@W@_8[_:3^'4/CWQK\'_`.VO%GBR
M^O\`4M5OO^$KUNV^U7$EY,7?RX;Q(TR>R*H'I7Z6UY-^PW_R:WX7_P"WO_TK
MFH`^6?\`B%Q_83_Z(9_Y>?B'_P"3J/\`B%Q_83_Z(9_Y>?B'_P"3J^_Z*`/@
M#_B%Q_83_P"B&?\`EY^(?_DZC_B%Q_83_P"B&?\`EY^(?_DZOO\`HH`^`/\`
MB%Q_83_Z(9_Y>?B'_P"3J/\`B%Q_83_Z(9_Y>?B'_P"3J^_Z*`/@#_B%Q_83
M_P"B&?\`EY^(?_DZC_B%Q_83_P"B&?\`EY^(?_DZOO\`HH`^`/\`B%Q_83_Z
M(9_Y>?B'_P"3J/\`B%Q_83_Z(9_Y>?B'_P"3J^_Z*`/@#_B%Q_83_P"B&?\`
MEY^(?_DZC_B%Q_83_P"B&?\`EY^(?_DZOO\`HH`^`/\`B%Q_83_Z(9_Y>?B'
M_P"3J/\`B%Q_83_Z(9_Y>?B'_P"3J^_Z*`/@#_B%Q_83_P"B&?\`EY^(?_DZ
MC_B%Q_83_P"B&?\`EY^(?_DZOO\`HH`^`/\`B%Q_83_Z(9_Y>?B'_P"3J/\`
MB%Q_83_Z(9_Y>?B'_P"3J^_Z*`/@#_B%Q_83_P"B&?\`EY^(?_DZC_B%Q_83
M_P"B&?\`EY^(?_DZOO\`HH`^`/\`B%Q_83_Z(9_Y>?B'_P"3J/\`B%Q_83_Z
M(9_Y>?B'_P"3J^_Z*`/@#_B%Q_83_P"B&?\`EY^(?_DZC_B%Q_83_P"B&?\`
MEY^(?_DZOO\`HH`^`/\`B%Q_83_Z(9_Y>?B'_P"3J/\`B%Q_83_Z(9_Y>?B'
M_P"3J^_Z*`/@#_B%Q_83_P"B&?\`EY^(?_DZC_B%Q_83_P"B&?\`EY^(?_DZ
MOO\`HH`^`/\`B%Q_83_Z(9_Y>?B'_P"3J/\`B%Q_83_Z(9_Y>?B'_P"3J^_Z
M*`/@#_B%Q_83_P"B&?\`EY^(?_DZC_B%Q_83_P"B&?\`EY^(?_DZOO\`HH`^
M`/\`B%Q_83_Z(9_Y>?B'_P"3J/\`B%Q_83_Z(9_Y>?B'_P"3J^_Z*`/@#_B%
MQ_83_P"B&?\`EY^(?_DZC_B%Q_83_P"B&?\`EY^(?_DZOO\`HH`^`/\`B%Q_
M83_Z(9_Y>?B'_P"3J/\`B%Q_83_Z(9_Y>?B'_P"3J^_Z*`/@#_B%Q_83_P"B
M&?\`EY^(?_DZC_B%Q_83_P"B&?\`EY^(?_DZOO\`HH`^`/\`B%Q_83_Z(9_Y
M>?B'_P"3J/\`B%Q_83_Z(9_Y>?B'_P"3J^_Z*`/@#_B%Q_83_P"B&?\`EY^(
M?_DZC_B%Q_83_P"B&?\`EY^(?_DZOO\`HH`^`/\`B%Q_83_Z(9_Y>?B'_P"3
MJHP_\$,?V6/V%_C5\)_B)\*_A=_PBWC'3O&EE:V^H?\`"2:O?>7',DT<B^5<
MW4D9RI(R5)';!K]#:\F_:O\`^::_]CWI?_M6@#UFBBB@#R;XO?\`)TGP>_[C
M7_I(E>LUY-\7O^3I/@]_W&O_`$D2O6:`"JVLRWD&CW<FG6]M=:@D+M;0W$[6
M\,TH4[%>14<HI;`+!&(!)VMT-FBDU=6&G9GY\W?[`'QS\7?LTZ'X4\1>'?A+
M/>Z%X[UWQ2VG:?\`$36+!+^'4I[^X39JT&DQW=G+;O?%&2*)EN8U99&5)7BK
M(U__`()'?%SXB?!'7?A#XF\5>`)O!OBR[L_$6I>)[#[1:ZO!J4.C0:>;6+3T
M@6W^SF:W243"XC(0M&(!PX_1VBK<W>37VK7_`.W6FONE%2\VDG[N@*34E+JK
MV?\`BO?\)25MK-O?4^?_`-D#X!_$#P;\2?%?CSXEIX.T_P`2>(=#T7PW'IOA
MC4+C4+&*WTW[6RW!FGM[=_,F>\D)C$>V-45=\ARU>X^)]'N-?T.>TM-5O]$N
M)MNV]LD@>>'#`G:)HY(SD`J=R'ACC!P1?HJJE24WS2W,Z=-05H_U;1+Y))?+
M4Y+_`(5QK/\`PB_]G_\`"?\`B[[7]J^T?VE]GTO[5LV;?(V_8_)\O/S9\O?G
M^/;\M'_"N-9_X1?^S_\`A/\`Q=]K^U?:/[2^SZ7]JV;-OD;?L?D^7GYL^7OS
M_'M^6NMHK,LYF\\":K<^#[33$\:^)K:]MI3))JT<&G&\NER_[MU:U,`4;@/D
MB5OW:\_>W0:A\.-9O=#TZTB\?^+K2XLO,\Z]BM]+,]_N;*^:'LVC&P?*OEHF
M0?FW'FNMHH`Y+4/AQK-[H>G6D7C_`,76EQ9>9YU[%;Z69[_<V5\T/9M&-@^5
M?+1,@_-N/-3^(O`FJZWI>F6]MXU\3:/-81>7/<VD&G-+J+84>9*)K61`V5)_
M=+&N7;C&T+TU%`'):]\.-9U?[%]G\?\`B[2OLMJEO+]EM]+;[8ZYS/)YMF^)
M&SR$V)P,(O.37OAQK.K_`&+[/X_\7:5]EM4MY?LMOI;?;'7.9Y/-LWQ(V>0F
MQ.!A%YSUM%`'):]\.-9U?[%]G\?^+M*^RVJ6\OV6WTMOMCKG,\GFV;XD;/(3
M8G`PB\YG\9^!-5\4:I'<6/C7Q-X<A2(1FVTZ#3I(G8$GS";BUE?<00.&"X4<
M`Y)Z:B@#DO$_PXUG7]<GN[3Q_P"+M$MYMNVRLK?2W@APH!VF:SDD.2"QW.>6
M.,#`$^I>!-5OO&"ZG%XU\365DLL<ATF&#3C9LJA=T99[5I]KX);$NX;CM*\8
MZ:B@#F=2\":K?>,%U.+QKXFLK)98Y#I,,&G&S95"[HRSVK3[7P2V)=PW':5X
MQ!_PKC6?^$H_M#_A/_%WV3[5]H_LW[/I?V79OW>1N^Q^=Y>/ESYF_'\>[YJZ
MVB@#F=-\":K8^,&U.7QKXFO;)I9)!I,T&G"S56#;8PR6JS[4R"N9=QVC<6YR
M:;X$U6Q\8-J<OC7Q->V32R2#29H-.%FJL&VQADM5GVID%<R[CM&XMSGIJ\C_
M`&VOVA-;_9I^!=SXA\/:3HNI:M/=1V$%QKM]+8:%HYD#?Z;J-S%%*\-G%MR[
MK&>J@E`2ZS.:BKOR7S;LOQ+A!R=D=?X8^'&LZ!KD%W=^/_%VMV\.[=97MOI:
M0394@;C#9QR#!(8;7'*C.1D$\,?#C6=`UR"[N_'_`(NUNWAW;K*]M]+2";*D
M#<8;..08)##:XY49R,@^<Z+^UEKL7Q.^$7A75?">D7"_$K2Y[J?Q#HGB&._T
M6&YAM&N'BLV,:S7,9V\2R1P#:Z$;CN5>;\?_`+?UQX6_X*!VGP+M;3X5VLTV
MC6&KB?Q'\03HVLZI]JDO4,6FZ8+&8WK1"SW/^_CP)5].=90:ER=;M?=>_P"1
MC"HI0<ULDF_G;_-;'N/@SP)JOA?5)+B^\:^)O$<+Q&,6VHP:='$C$@^8#;VL
M3[@`1RQ7#'@G!$&@_#C6=(^V_:/'_B[5?M5J]O%]JM]+7[&[8Q/'Y5FF9%QP
M'WIR<HW&/D_XR?\`!4?XC?LYOXIM_'7PX^#.A/X;O]#TV357^+5U'X?M)]3E
ME54OKZ?1(C:F**-)6Q%+\L\7W=P-?77P@\;R_$GX6^'_`!!._AN6;6;&*[=_
M#^L'6-*8NH.;:\,4/VB+GY9/*3<.=HZ5,5S1<X[)V?K9/\FF.4E&?LWO:_RV
MO]^A5T'X<:SI'VW[1X_\7:K]JM7MXOM5OI:_8W;&)X_*LTS(N.`^].3E&XQ/
MX=\":KHFEZG;W/C7Q-K$U_%Y<%S=P:<LNG-AAYD0AM8T+98']ZLBY1>,;@W3
M44BCDM/^'&LV6AZC:2^/_%UW<7OE^3>RV^EB>PVMEO*"6:QG>/E;S$?`'R[3
MS1I_PXUFRT/4;27Q_P"+KNXO?+\F]EM]+$]AM;+>4$LUC.\?*WF(^`/EVGFN
MMHH`YFS\":K;>#[O3'\:^)KF]N91)'JTD&G"\M5RG[M%6U$!4[2/GB9OWC<_
M=VP?\*XUG_A%_P"S_P#A/_%WVO[5]H_M+[/I?VK9LV^1M^Q^3Y>?FSY>_/\`
M'M^6NMHH`Y+_`(5QK/\`PB_]G_\`"?\`B[[7]J^T?VE]GTO[5LV;?(V_8_)\
MO/S9\O?G^/;\M'_"N-9_X1?^S_\`A/\`Q=]K^U?:/[2^SZ7]JV;-OD;?L?D^
M7GYL^7OS_'M^6NMHH`YF\\":K<^#[33$\:^)K:]MI3))JT<&G&\NER_[MU:U
M,`4;@/DB5OW:\_>W0:A\.-9O=#TZTB\?^+K2XLO,\Z]BM]+,]_N;*^:'LVC&
MP?*OEHF0?FW'FNMHH`Y+4/AQK-[H>G6D7C_Q=:7%EYGG7L5OI9GO]S97S0]F
MT8V#Y5\M$R#\VX\U/XB\":KK>EZ9;VWC7Q-H\UA%Y<]S:0:<TNHMA1YDHFM9
M$#94G]TL:Y=N,;0O344`<EKWPXUG5_L7V?Q_XNTK[+:I;R_9;?2V^V.N<SR>
M;9OB1L\A-B<#"+SDU[X<:SJ_V+[/X_\`%VE?9;5+>7[+;Z6WVQUSF>3S;-\2
M-GD)L3@81><];10!@Z]X/U'5_%%EJ%OXJU_2K2UV>;IMK#9-:WFURQ\QI;=Y
MAN!VG9(G`&-K98[U%%`!1110`5Y-^RA_S4K_`+'O5/\`VE7K->3?LH?\U*_[
M'O5/_:5`'K->3?L-_P#)K?A?_M[_`/2N:O6:\F_8;_Y-;\+_`/;W_P"E<U`'
MK-%%%`!102`"20`*\7U'_@H5\(;'X9>(_&,/BJ?5_#WA77K;PQ?W&C:+J&JR
M/J-S]F\BWMX;:"26Z,GVNWVM;I(I\T8/!PTKNR_J[2_-I>K2W8[.U_ZV;_)-
M^B?8]HHKQ;5_^"@WPK\.ZSX;TW4]6\2:5?\`BBW@NH+>^\(:Q:RZ=%/.;>!]
M162U4Z:LLRF.,WWD>8P(7<17M-#3M?U7S6Z^74F_Y)_)[/T?0****0PHHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H
MHHH`****`"BBB@`HHHH`****`"BBB@`KR;]J_P#YIK_V/>E_^U:]9KR;]J__
M`)IK_P!CWI?_`+5H`]9HHHH`\F^+W_)TGP>_[C7_`*2)7K->3?%[_DZ3X/?]
MQK_TD2O6:`"BBB@`HHHH`*K:O%>3:=(EA/;6UV<>7)<0-/&O(SE%=">,C[PP
M2#ST-FB@#$^P>)/['V?VKHG]H>=N\[^RI?)\K;]WR_M&=V[G=OQCC;WH^P>)
M/['V?VKHG]H>=N\[^RI?)\K;]WR_M&=V[G=OQCC;WK;HH`R9[/7FT.&.+4M(
M34U?,L[:;(T#K\W"Q"<,I^[R9#T/'(Q%=6'B1].M4AU71([M-_VF1]*E>.7)
M^78@N`4P.#EFR>?EZ5MT4`8EU8>)'TZU2'5=$CNTW_:9'TJ5XY<GY=B"X!3`
MX.6;)Y^7I4NJ6>O36=HMEJ6D6]PB8NGGTV29)FP.443H4&=W!+]1SQD_$.D_
M$/P-X!_X*!?$==2^*6GZWXCUK3M2BU+Q'HWQ'DDF^&.FV\1G%OJ>BRR2:=80
MP8;RKV2/<TDK!T!=W?H_V)OVP?A[\3_^";JW6I?&7PIXDN8+77;6]U6^^(HL
M9_\`1[B9R9]3AD,]KLMY+=VF3YXHY(W`P5S'/^Y57^[S>FK7X6M>UKWM=6;=
MOW_L?.U_-)?YW2O>UKV=TOK;4K#Q)+]G^QZKHD&V%5G\[2I9?,EYW,N+A=JG
MC"G<1_>-&I6'B27[/]CU71(-L*K/YVE2R^9+SN9<7"[5/&%.XC^\:_+^P_;"
MTWX??L:>&=>UCX\OX;L]-^-FGZ=87/\`PLLZQHNO:8VK:;+<Q6NNWQ6\U>QM
MK66=9)69%&;E)4*1+M^L/A[\/M*\6_\`!1J]UKP=XG^(-QH?A31FU3Q%YOQ!
MUK4]"U+4-3&;2UAL)KR2QB2*V62X*Q0H%^T6I3`R*Z51=E)Z)MKS7N1FK]->
M:V^ZTO<S=16??\_?E!VZ[J^VSUM9GTAJ5AXDE^S_`&/5=$@VPJL_G:5++YDO
M.YEQ<+M4\84[B/[QJ77K/7KB\5M+U+2+.W"`,EUILERY;)R0RSQ@#&.,'H>>
M<#6HK$LQ-7L/$DVHR/8:KHEM:''EQW&E2SR+P,Y=;A`><G[HP"!SU,MW9Z\^
MN"2#4M(CTP.I,$FFR/.5XW#S1.%R><'R^,C@XYUJ*`,F[L]>?7!)!J6D1Z8'
M4F"339'G*\;AYHG"Y/.#Y?&1P<<Q?8/$G]L;_P"U=$_L_P`[=Y/]E2^=Y6[[
MOF?:,;MO&[9C/.WM7FW[97[96D_L9^%-'U;5M'U'6(M8NVM$2T=$:-@A?)W=
ML"OGK_A^OX,_Z$?Q/_X$0?XUA/$TX/ED[,WIX:I-<T5='VG:6>O)KADGU+2)
M-,+L1!'ILB3A>=H\TSE<CC)\OG!X&>.*^.GPK^(?Q2\+7&F>&?BI/\-;B2Y6
M6+5-&\.V=Y?1Q!CF$B^^T6[!EX+>2#D9&WI7S#_P_7\&?]"/XG_\"(/\:/\`
MA^OX,_Z$?Q/_`.!$'^-9RQ=!JSE^9:PE9?9_([O0?^":&K^#O%OPPU+1?C%X
MNTC3OA0MS+I^B6&E:5':ZM<7+2M=2W4UQ;7$RFX,K+((6140_N4B;##9M?V)
MO'GQ3U'P'>_%SXPZGXMLO#$EAJNH>%[#0M.LM&U#5K27[1#=^<(/M@,<XC8*
MLR1L(5#1_,V?*_\`A^OX,_Z$?Q/_`.!$'^-'_#]?P9_T(_B?_P`"(/\`&M(X
M^DI*7-JG=>3WNOGJNS2:M8CZA5Y7%1T:L_-:+7Y:/O=WN>\>'OV1-?\`#/@W
MQ)I6E?%3Q'X:U#Q7KUQXBU'Q#HFD:;_;$]Q,X_=L;Z"[MC"D*QP*OV?>L<,0
M\S();J?V>/@-<?LX_";3/!FCZEI<FCZ+:20V9.FR+,T[N9&GE/GD/ND=W95"
M`EN"H&*^7O\`A^OX,_Z$?Q/_`.!$'^-'_#]?P9_T(_B?_P`"(/\`&I6-HI64
MNWW)6279);+8IX*LWS<NNK^;=V_5L^SM-L/$D7VC[9JNB3[H66#R=*EB\N7C
M:S9N&W*.<J-I/]X5+I=GKT-G=K>ZEI%Q<.F+5X--DA2%L'EU,[EQG;P"G0\\
MY'Q9_P`/U_!G_0C^)_\`P(@_QJSHW_!<7P=K6L6EFG@GQ,CW<R0JS7$&%+,`
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MBNK#Q(^G6J0ZKHD=VF_[3(^E2O'+D_+L07`*8'!RS9//R]*^0/AK\7/"WP!_
MX*$?'WQ'K.B_$O0-`O?"VA/=:WJ7A'Q#/I=Q>VUSJC7<4%]+;-#*$%Y:K&D$
MA1@P6%2$95^?_BI^R+\7=2^/?Q<U3XI^'=)MM-\:>&[&YU7Q/X<MM<\>0:FE
MMKOFV>F2:)#IL$EQ:^0$AN+&&<MY#2R&1S*[!2LIPCTDF[]%9-[[/9^O8K3W
M[?9<5;J^9KINK7U7=6/T_NK#Q(^G6J0ZKHD=VF_[3(^E2O'+D_+L07`*8'!R
MS9//R]*EU2SUZ:SM%LM2TBWN$3%T\^FR3),V!RBB="@SNX)?J.>,G\D/%'['
M_P"TI<_LU?#N2W\`^#];\'^%O'UAK_AGPS%+J?A2ZT5W\4PRPSG1DM=1-O9Q
MV0&V*2ZW6,-S<EHV:-(T_8.!I&@0RJB2E1O56+*IQR`2!D9[X'TK:5)*G[2_
MVFK;-647KV=VU;7;?6R)*STUWU6J>NZ:TLU9_?T5WC:E8>))?L_V/5=$@VPJ
ML_G:5++YDO.YEQ<+M4\84[B/[QHU*P\22_9_L>JZ)!MA59_.TJ67S)>=S+BX
M7:IXPIW$?WC6W16(C-U*UUB76+=[.^TV#3UV^?#-8O+-)\QW;9!,H7*X`RC8
M///2M*BB@`HHHH`*\F_90_YJ5_V/>J?^TJ]9KR;]E#_FI7_8]ZI_[2H`]9KR
M;]AO_DUOPO\`]O?_`*5S5ZS7DW[#?_)K?A?_`+>__2N:@#UFBBB@`.>W6OB:
MX_8\^+/C;P]\<['QG\//A;K5I\0_&MAXRT*TT[XM:]HLT$UK#I\$9DOK32([
MBUDC.GQW"/!OR[^6=H7S&^V:*(MQDY)[JW_DT9??>*:?D.^EO._X-?DVCX#T
M?_@FY\;=.TC4M"U'Q;X5\4Z7\2=%TS1_%>JZUK>H76L>'(K'4KRZBBLY)+=V
MU3%M=+;"6ZDMY-T`F?S#(T8^_!QQZ445I.HYN[[O^OE_P]S*-.,7=>7X?UTT
M\CDO^%*:-_PE']L?;?%WVO[5]L\O_A*M4^R[]^_'V?[1Y/EYX\O9LQ\NW;Q4
M^F_";2M*\8-KD5WXF>]>628QS>(]1FL]T@8,!;/.8`HW':H3:O&T#:,=-169
MH<SIOPFTK2O&#:Y%=^)GO7EDF,<WB/49K/=(&#`6SSF`*-QVJ$VKQM`VC$'A
MCX*:-X1UR#4;2]\737%ONVI>^*M4OH#N4J=T,UP\;<$XW*<'!&"`1UM%`',^
M#/A-I7@/5)+RQN_$T\TL1A*ZCXCU'4H@I(.1'<3R(&RH^8`,!D9P2#!H/P4T
M;PY]M^SWOBZ3[?:O9R_:O%6J76U'QDQ^;<-Y<@QQ(FUUYPPR:ZVB@#DM!^"F
MC>'/MOV>]\72?;[5[.7[5XJU2ZVH^,F/S;AO+D&.)$VNO.&&34_AWX3:5X7T
MO4[.VN_$TL.K1>3.UWXCU&\E1<,,Q233L\+8<_-$5;(4YRJD=-10!R6G_!31
MM,T/4=.BO?%S6^J>7YSR^*M4FG3RVW+Y4SW!DAR3\WELN\<-D<4:?\%-&TS0
M]1TZ*]\7-;ZIY?G/+XJU2:=/+;<OE3/<&2')/S>6R[QPV1Q76T4`<EI_P4T;
M3-#U'3HKWQ<UOJGE^<\OBK5)IT\MMR^5,]P9(<D_-Y;+O'#9'%3V?PFTJQ\'
MW>AI=^)FLKV43222>(]1DO%8%#A+EIS/&OR#Y4<*<MQ\S9Z:B@#DO^%*:-_P
MB_\`8_VWQ=]D^U?;/,_X2K5/M6_9LQ]H^T>=Y>.?+W[,_-MW<T?\*4T;_A%_
M['^V^+OLGVK[9YG_``E6J?:M^S9C[1]H\[R\<^7OV9^;;NYKK:*`.9O/A-I5
M]X/M-#>[\3+964IFCDC\1ZC'>,Q+G#W*SB>1?G/RNY487CY5Q!J'P4T;4]#T
M[3I;WQ<MOI?F>2\7BK5(9W\QMS>;,EP))L$?+YC-L'"X'%=;10!R6H?!31M3
MT/3M.EO?%RV^E^9Y+Q>*M4AG?S&W-YLR7`DFP1\OF,VP<+@<5/XB^$VE>*-+
MTRSN;OQ-%#I,7DP-:>(]1LY77"C,LD,ZO,V$'S2EFR6.<LQ/344`<EKWP4T;
MQ']B^T7OBZ/[!:I9Q?9?%6J6NY$S@R>5<+YDASS(^YVXRQP*->^"FC>(_L7V
MB]\71_8+5+.+[+XJU2UW(F<&3RKA?,D.>9'W.W&6.!76T4`<EKWP4T;Q']B^
MT7OBZ/[!:I9Q?9?%6J6NY$S@R>5<+YDASS(^YVXRQP*G\9_";2O'FJ1WE]=^
M)H)HHA"%T[Q'J.FQ%02<F.WGC0MEC\Q!8C`S@`#IJ*`.2\3_``4T;Q=KD^HW
M=[XNAN+C;N2R\5:I8P#:H4;88;A(UX`SM49.2<DDF?4OA-I6J^,%UR6[\3)>
MI+',(X?$>HPV>Z,*%!MDG$!4[1N4IM;G<#N.>FHH`YG4OA-I6J^,%UR6[\3)
M>I+',(X?$>HPV>Z,*%!MDG$!4[1N4IM;G<#N.8/^%*:-_P`)1_;'VWQ=]K^U
M?;/+_P"$JU3[+OW[\?9_M'D^7GCR]FS'R[=O%=;10!S.F_";2M*\8-KD5WXF
M>]>628QS>(]1FL]T@8,!;/.8`HW':H3:O&T#:,&F_";2M*\8-KD5WXF>]>62
M8QS>(]1FL]T@8,!;/.8`HW':H3:O&T#:,=-10!R7ACX*:-X1UR#4;2]\737%
MONVI>^*M4OH#N4J=T,UP\;<$XW*<'!&"`0>&/@IHWA'7(-1M+WQ=-<6^[:E[
MXJU2^@.Y2IW0S7#QMP3C<IP<$8(!'6T4`<SX,^$VE>`]4DO+&[\33S2Q&$KJ
M/B/4=2B"D@Y$=Q/(@;*CY@`P&1G!(,&@_!31O#GVW[/>^+I/M]J]G+]J\5:I
M=;4?&3'YMPWER#'$B;77G##)KK:*`.2T'X*:-X<^V_9[WQ=)]OM7LY?M7BK5
M+K:CXR8_-N&\N08XD3:Z\X89-3^'?A-I7A?2]3L[:[\32PZM%Y,[7?B/4;R5
M%PPS%)-.SPMAS\T15LA3G*J1TU%`'):?\%-&TS0]1TZ*]\7-;ZIY?G/+XJU2
M:=/+;<OE3/<&2')/S>6R[QPV1Q5_P1\.-.^'WVK[!<Z_<?;-F_\`M+7+W4]N
MW=C9]IEDV?>.=F-W&<X&-ZB@`HHHH`*\F_:O_P"::_\`8]Z7_P"U:]9KR;]J
M_P#YIK_V/>E_^U:`/6:***`/)OB]_P`G2?![_N-?^DB5ZS7DWQ>_Y.D^#W_<
M:_\`21*]9)P"3T%)NP!5778;ZYT2\CTRYMK/49('6UN+FW:XA@E*G8[QJZ%U
M#8)4.I(&-RYR/C#X)?\`!9JP^+GQKE\,7?P[O]`TO4/$FF:'X?U"37;:YN=7
M@OGU2)+Q[6,9@"RZ5*#$SM($D5F"8*U]H:SHUGXCT>[T[4;2VO\`3[^%[>YM
MKB)98;B)U*O&Z,"&5E)!!!!!(IRBW#F7^6MD[=T[25^JOW&I*-3D>ZL^^EVK
M]FG9VZ/T/@O5OC)^T%XZ_8Z\'^(]"U[X@ZS>:/\`$+Q18>-=3\#V/A:VUMM%
ML+S5[:W,$6M+]A`62"R#!092BL068L3YU\4_^"FWQ`T?X3>*_C/X(\=:KXBT
M3PWK%EX>T;P/?Z/I\)URTG\.P:DNI76+=;M+QFG,Q6*2.`11,ODCEQ]N6O\`
MP3C_`&>;'P@OAZ#X#?!B'0$U!=673$\$Z8MFMXJ;%N1$(=GG!/E$F-P7C.*[
M1_V=/A[)\48_'#>!/!K>-8;#^RD\0'1;8ZHEG@C[,+G9YHAP2/+W;>>E7.2;
MD[;VMTMLWMT:3BK6LI.6KLDXR2DFUHN;3O=NR^5T[[OE4=%=OQ?]AOXH>,-2
M^+_CCP5XD\?7?Q/L=)\.^'O$MIKUS96%K)%+J27AEM%%E!#$84%M%)'N5I0E
MP-SR<,?HOQ/K%QH.ASW=II5_K=Q#MVV5D\"3S98`[3-)'&,`ECN<<*<9.`<3
MX1?`KP1^S_X<FT?P%X-\*^"-(N+A[N6QT#2;?3;:29_O2M'"BJ7;NQ&37555
M:<92O%6_K^M>NYA1A*,;2=_ZW^>]ME>RT2.2_P"%CZS_`,(O_:'_``@'B[[7
M]J^S_P!F_:-+^U;-F[S]WVSR?+S\N/,WY_@V_-1_PL?6?^$7_M#_`(0#Q=]K
M^U?9_P"S?M&E_:MFS=Y^[[9Y/EY^7'F;\_P;?FKK:*R-3F;SQYJMMX/M-33P
M5XFN+VXE,<FDQSZ<+RU7+_O'9KH0%3M!^25F_>+Q][;!J'Q'UFRT/3KN+P!X
MNN[B]\SSK**XTL3V&UL+YI>\6,[Q\R^6[X`^;:>*ZVB@#AG\3W6@6\>LV7PR
M\12:KKY)U&*U;28[R(PXCB-P[7:I)E/N;'DVJ,'8>*@\7VT5MXL\.>,5^'OB
M37?$<&FSV<1MKJQ$VBQ3F"26%UFNXXM[M&@+1&3_`%)&[:1N]`HH6CNOZZ?D
M[`^QR6O?$?6=(^Q?9_`'B[5?M5JEQ+]EN-+7[&[9S!)YMXF9%QR4WIR,.W.#
M7OB/K.D?8OL_@#Q=JOVJU2XE^RW&EK]C=LY@D\V\3,BXY*;TY&';G'6T4`<E
MKWQ'UG2/L7V?P!XNU7[5:I<2_9;C2U^QNV<P2>;>)F1<<E-Z<C#MSB?QGX\U
M7POJD=O8^"O$WB.%XA(;G3I].CB1B2/+(N+J)]P`!X4KAAR3D#IJ*`.2\3_$
M?6=!UR>TM/`'B[6[>';MO;*XTM()LJ"=HFO(Y!@DJ=R#E3C(P3/J7CS5;'Q@
MNF1>"O$U[9-+'&=6AGTX6:JP7=(5>Z6?:F2&Q%N.T[0W&>FHH`^`_P#@N5K]
MW=^`/"FGR:)JEK:6NKLT6I2R6QM;PFWR5C593,"I)!WQH,J<$C!/YMU^F_\`
MP77_`.2,^!_^PU+_`.B#7YD5\_F'\9_(]_+_`."OF%=9\/O@9XQ^*^BZSJ7A
MOPYJVLV'A^W-S?SVT!>.W08SD]VP<[%RVT,<84D<G7TM^S'X6L_B+\`I]*\9
M2^&S\.].U2XO+K45UI;'5O#%U);A4E\ISBX2;RPJQJDA)1L%,'//3@I1D^RO
M^6_]>5U>ZZ:E3EY?-_U;^OD]G\]2^$=6A\+Q:X^EZBFBS7!M(]0:V<6KS!=Q
MB$F-I<#G:#G'-7/#_P`+_$WBWPYJ&L:5X=UW4](TD%KZ^M+"6:VLP!N)DD52
MJ`#GYB.*]M_LC6/''[#FEZ"WB'1-5U1?%D-SIFE2^*+*2]BLVMVA14MVG\R,
M>=)_J]H8;BQ4#)KOO@EJ%E\-=&^'L&L^(_#^A/\`"W5/$,/B[2KC5H$N9'D0
M*%CB#YNO,53%F(.`1S@<UHZ"4I)NR233^46_N;L[;&7MWRII7=VFE_V];[[:
M>I\LZK\'_%NA:+IFI7WA;Q'9Z=K;K'I]U/ILT<%^S#*K$Y4+(2.0%)S5;QM\
M.O$/PTU2.Q\2:#K/A^]EC$J6^I64MI*Z$D!@LB@E20>>G%?2NLZHTG[/UMHC
M>+/!6D>)KWQ!H]QI6J:3XO>XEU%HX&C^T7S33/)9BV4KAOW"AN!&0%(\[_:]
M>31;/P?X8MM2T;6M#\*VEQ:VFHV>N66I2ZE-),9KBX=;>:4PHSOB-),-M7)^
M;<`J])0O;O;_`,E3?W-V_3>UTJKE9/M?\?Z_&YXK6GX*D:+QEI#K&\K+>PD(
MN`SGS%X&2!D^Y`K,K5\!_P#(\:+_`-?T'_HQ:QCN:RV/W>T_XCZS>Z'J-W+X
M`\76EQ9>7Y-E+<:69[_<V&\HI>-&-@^9O,=,@_+N/%&G_$?6;W0]1NY?`'BZ
MTN++R_)LI;C2S/?[FPWE%+QHQL'S-YCID'Y=QXKK:*^K/E#YS^)?_!4'X:_!
MF_UK2?%D'B;0_%6ARQ1S:!)91SWDJR1Q2+(DL,CVNW9*&^:<-\K#&<`\M_P^
MD^#7_"+_`-H;?%WVO[5]G_LW^S$^U;-F[S]WF>3Y>?EQYF_/\&WYJ^'/^"KO
M_)_?CW_N'_\`INM:^=Z\>KF%2,W%):/^NI[%++Z<H*3;U7]=#]:_^'TGP:_X
M1?\`M#;XN^U_:OL_]F_V8GVK9LW>?N\SR?+S\N/,WY_@V_-1_P`/I/@U_P`(
MO_:&WQ=]K^U?9_[-_LQ/M6S9N\_=YGD^7GY<>9OS_!M^:OR4HK/^TZO9?C_F
M:?V92[O\/\C]9O%/_!77X"Z_X"LKK4(=:UJ26\CE;1)M$$MS9O%(9(IV\PBW
MRKQ1NI25G5BA`!!VRZA_P6D^#5EH>G7<2^+KNXO?,\ZRBTQ!/8;6POFEY%C.
M\?,OEN^`/FVGBOR4HH_M.KM9?C_F']FTN[_#_(_6O4/^"TGP:LM#TZ[B7Q==
MW%[YGG646F()[#:V%\TO(L9WCYE\MWP!\VT\5/XB_P""S'P6T32],N+:Y\3:
MQ-?Q>9/;6FEE9=.;"GRY3,T:%LL1^Z:1<HW.-I;\C:*/[3J]E^/^8?V92[O\
M/\C]:]>_X+2?!K2/L7V=?%VJ_:K5+B7[+IB+]C=LY@D\V1,R+CDIO3D8=N<=
MG\*_^"D/@GX]>+(M"\!:-XN\7:J-*&K74%K;6UI]A3>J/%(UU/"K2(SH#Y9=
M3O&UF`./QAK[,_X(<?\`)V7B'_L4KG_TLLJUH8^I.HHM+7^NYC7P%.%-R3>G
M]=C]-M>\8:CI'BBRT^W\*Z_JMI=;/-U*UFLEM;/<Y4^8LMPDQV@;CLC?@C&Y
MLJ-ZBBO7/)"BBB@`KR;]E#_FI7_8]ZI_[2KUFO)OV4/^:E?]CWJG_M*@#UFO
M)OV&_P#DUOPO_P!O?_I7-7K->3?L-_\`)K?A?_M[_P#2N:@#UFBBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H
MHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`KR;]J_P#YIK_V
M/>E_^U:]9KR;]J__`)IK_P!CWI?_`+5H`]9HHHH`\F^+W_)TGP>_[C7_`*2)
M7J6HZE;Z39O<75Q!:P)@&29PB*20!DGCDD#ZFO+?B]_R=)\'O^XU_P"DB5UO
MQP\`^"_B5\+]5TOXA:;H.J^#U5+W4(=:2-[%%@=9UED\SY0(WC5]QX!0'M4S
MDDKO;].HXJ[LC\P_V?/AY?VG_!0;P-<VGP$\.Z'\8;'QOJEUX[^)0M?#@TC7
M='E%Z`MF89#=K<E9+504ACFRC^<[@N6_6BORB_X)4?LK/J'Q?LO'>@?"[]CG
MXD^'+3QAJ]X/BMX8\01WOB6".:YN)8\K!8+$;I(YDC8"5,KSWY_5VM8IQH4X
M/=+TM=+II9>5DKW?4B;O7G);;>MG+6_5_.]K)[!1114%!5;5]9L_#^G27E_=
MVUC:0X\R>XE6*-,D`99B`,D@?4BK-%`&)_PLOPY_8_\`:/\`PD&B?V?YWV?[
M3]NB\GS=N[R]^[&[;SC.<<T?\++\.?V/_:/_``D&B?V?YWV?[3]NB\GS=N[R
M]^[&[;SC.<<TSXJ>);GP9\,/$FL68B:[TG2[J\A$BED+QPLZ[@",C(&>:_+S
M_A]E\8/^?#P1_P""Z;_X_7/7Q,*5E/J=%##3JIN/0_4N?Q_H-KH<.J2ZWI$>
MF7+^7%=M>1K!*WS?*KD[2?E;@'^$^AJ*Z^)?ARRTZUO)O$&B0VE]O^S3O?1+
M'<;#AMC%L-M/!QT-?ES_`,/LOC!_SX>"/_!=-_\`'Z/^'V7Q@_Y\/!'_`(+I
MO_C]8_VC1\S?^SJWD?J-=?$OPY9:=:WDWB#1(;2^W_9IWOHECN-APVQBV&VG
M@XZ&I=4\?Z#H=G:7%[K>D6=OJ">9:RSWD<:7*X!W(20&&&4Y&?O#UK\M/^'V
M7Q@_Y\/!'_@NF_\`C]'_``^R^,'_`#X>"/\`P73?_'Z/[1H^8?V=6\C]1M2^
M)?AS1_L_VSQ!HEI]KA6X@\Z^BC\Z)L[9%RWS*<'!'!Q1J7Q+\.:/]G^V>(-$
MM/M<*W$'G7T4?G1-G;(N6^93@X(X.*_+G_A]E\8/^?#P1_X+IO\`X_1_P^R^
M,'_/AX(_\%TW_P`?H_M&CYA_9U;R/U&U+XE^'-'^S_;/$&B6GVN%;B#SKZ*/
MSHFSMD7+?,IP<$<'%2Z]X_T'PK>+;ZIK>D:;<.@D6*ZO(X7922`P#$'&01GV
M-?EI_P`/LOC!_P`^'@C_`,%TW_Q^C_A]E\8/^?#P1_X+IO\`X_1_:-'S#^SJ
MWD?J-J_Q+\.>']1DL[_Q!HEC=PX\R"XOHHI$R`1E68$9!!^A%2W?C_0;#7!I
M<^MZ1#J;.L8M)+R-9RS8VKL)W9;(P,<Y'K7FG[!_QWUO]I/]F70_%_B&.PBU
M749KJ.5;.)HH0(YWC7"LS$?*HSSUKV&NR$U**DNIQ3BXR<7T/@O_`(+G^(;"
M[^&/@_3H;ZSEU"TUAVGMDF5IH0;<D%D!RH(((R.XK\TZ_3?_`(+K_P#)&?`_
M_8:E_P#1!K\R*\',/XS^1[N7_P`%?,****XSM+&D:Q>>']4MKZPNKFQOK.19
MH+BWD:*6%U.0RLI!5@>00<BH))&FD9W9G=SEF)R2?4TE%%P"BBB@`K4\$2K#
MXTT=W941+V$LQ.`!YB\FLNM7P'_R/&B_]?T'_HQ:<=Q2V/WPM?B7X<O=.NKR
M'Q!HDUI8[/M,Z7T31V^\X7>P;"[CP,]31:_$OPY>Z==7D/B#1)K2QV?:9TOH
MFCM]YPN]@V%W'@9ZFMNBOJSY0_%[_@J+K-GX@_;K\<WEA=VU]:3?8/+GMY5E
MC?&GVP.&4D'!!'U!KP"OHC_@J[_R?WX]_P"X?_Z;K6OG>OF,1_%EZO\`,^GP
M_P#"CZ+\A4!9U`4L2>@ZGVKZ>_:3N6U_X::5KVD:?IEKX,\$ZK;:;<>#-5\/
M+IM[HEW)#N>)YXPLUQ%*T4C.?.5_F4LH."/F`$CD<$5VWBK]I+Q_XU;0&U/Q
MAXANG\+)&FDM]L=&L"F=KH5((D&<>9]_``W8`PX5$J;CUNG]S_'T?K=6U)TV
MYJ79/\?R]?EK<[3]KCP[I*_M16MI::;I>A:;J-AHLTMMI]NEK;0F:QMGE*JN
M`N6=B3ZDDDGFOI/2/@WX:\7_`!,\2Z7JG@;PW96W@;QK-IGAZ"#2H[8ZK#'I
MEY,EM.4`:Z#-;V\I:0NQ\TC.'Q7R*/VJ/'=U9:W'J?B/5O$%QK>EOHSW>KWT
M]]/:VLDB/+'"9'(02>6H;@\=,'FL/5?C7XSUV327OO%OB>]?0"&TQI]4GD.G
M$8P8=S'RR,#[N.@K7V\$FDM[OTO)-?\`@*6FWQ-:):Y.C-I)O9)>MHVO\V]?
M1==OJ_PI%X1OOASX.UK4]&\#Z!\1_&EC;I;B\\(BYTNY2/4IXV(L[>WDCCGN
M(E5580C(B8AE)W5\S_M3>&-'\%_M'^-])\/B-=&T_6;F"U2,Y2)1(1L4^BG*
MCV%4X_VB_B%#KE[JB>._&2:GJ4*V]W=C6KD3W4:YVI(^_<ZC)P"2!DUQTDC2
MNSNS,S')).23ZUE7JJHTTK6YOQ:M]UO2[V6M]:--P<FW>]OP7]6_JR5]?_\`
M!%;Q-IOA7]J;7[C5-0L=-MW\*W$:RW4Z0HS&\LR%!8@9P"<>QKY`K[,_X(<?
M\G9>(?\`L4KG_P!++*JPG\:/J1B_X,C]0M2\9:/H^L6^G7FJZ;::A=[?(MIK
ME(YIMS%5VH3ELL"!@<D8K2HHKZ0^;"BBB@`KR;]E#_FI7_8]ZI_[2KUFO)OV
M4/\`FI7_`&/>J?\`M*@#UFO)OV&_^36_"_\`V]_^E<U>LUY-^PW_`,FM^%_^
MWO\`]*YJ`/6:***`"BBB@`HHHH`Q/^$5O_[8^U?\)-K?D>=YOV3RK/R=N[/E
MY\C?MQQG?NQ_%GFI;3PY>6^N&[?7]7N+<NS?8I([40`'.%RL(DPN1CY\\#)/
M.=:B@#)M/#EY;ZX;M]?U>XMR[-]BDCM1``<X7*PB3"Y&/GSP,D\YBTCPK?Z;
MJ,<\WB;6]0B3.;>XBLUCDR".3'`K<$YX8<@=1D5MT4`9.@^'+S1[QI;C7]7U
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M:7<L$O\`8L5^UY/*+FS>W81W>%603L%174?5O[*_Q2U;XW?LX^"_%^N6FE6.
MJ^)-)@U"XBTVZ6YL\R+N#12*S`HRD,!N;`;!)(R;46TY+9-+[U?\N_Y:@YJZ
M7=-_).WY_=I>UT=):^%;^WTZZ@?Q-K<\MQL\NX>*S$EM@Y.P+`%.X<'>K<=,
M'FBU\*W]OIUU`_B;6YY;C9Y=P\5F)+;!R=@6`*=PX.]6XZ8/-;=%248EKX5O
M[?3KJ!_$VMSRW&SR[AXK,26V#D[`L`4[AP=ZMQTP>:E@\.7D.AS6C:_J\MQ*
M^Y;UH[43PCY?E4"$1XX/WD)^8\],:U%`&)_PBM__`&/]E_X2;6_/\[S?M?E6
M?G;=N/+QY&S;GG.S=G^+'%'_``BM_P#V/]E_X2;6_/\`.\W[7Y5GYVW;CR\>
M1LVYYSLW9_BQQ6W10!DS^'+R;0X;1=?U>*XB?<UZL=J9YA\WRL#"8\<C[J`_
M*.>N8KKPK?W&G6L">)M;@EM]_F7"169DN<G(WAH"HVC@;%7CKD\UMT4`8EUX
M5O[C3K6!/$VMP2V^_P`RX2*S,ESDY&\-`5&T<#8J\=<GFI=4\.7FH6=I%#K^
MKV+VR;9)8([5GNC@#<^^%E!X)^0*/F/'0#6HH`Q-2\*W]]]G\KQ-K=EY,*Q/
MY,5F?/89S(V^!L,>X7:O'"BC4O"M_??9_*\3:W9>3"L3^3%9GSV&<R-O@;#'
MN%VKQPHK;HH`Q-2\*W]]]G\KQ-K=EY,*Q/Y,5F?/89S(V^!L,>X7:O'"BI=>
M\.7FL7BRV^OZOI2*@4Q6L=JR,<D[CYL+MGG'!QP..I.M10!B:OX5O]2U&2>'
MQ-K>GQ/C%O;Q6;1QX`'!D@9N2,\L>2>@P*EN_#EY<:X+M-?U>WMPZM]BCCM3
M`0,97+0F3#8.?GSR<$<8UJ*`,F[\.7EQK@NTU_5[>W#JWV*..U,!`QE<M"9,
M-@Y^?/)P1QB+_A%;_P#MC[5_PDVM^1YWF_9/*L_)V[L^7GR-^W'&=^['\6>:
MVZ*`,FT\.7EOKANWU_5[BW+LWV*2.U$`!SA<K"),+D8^?/`R3SDM/#EY;ZX;
MM]?U>XMR[-]BDCM1``<X7*PB3"Y&/GSP,D\YUJ*`,32/"M_INHQSS>)M;U")
M,YM[B*S6.3((Y,<"MP3GAAR!U&11I'A6_P!-U&.>;Q-K>H1)G-O<16:QR9!'
M)C@5N"<\,.0.HR*VZ*`,G0?#EYH]XTMQK^KZJC(5$5U':JBG(.X>5"C9XQR<
M<GCH1%IOA6_L?M'F^)M;O?.A:)/.BLQY#'&)%V0+EAV#;EYY4UMT4`8FF^%;
M^Q^T>;XFUN]\Z%HD\Z*S'D,<8D79`N6'8-N7GE34NE^'+S3[.[BFU_5[Y[E-
ML<L\=JKVIP1N39"JD\@_.&'RCCJ#K44`8EKX5O[?3KJ!_$VMSRW&SR[AXK,2
M6V#D[`L`4[AP=ZMQTP>:L^'M#NM%\[[3K.I:OYNW;]K2W7RL9SM\J).N1G=G
MH,8YSI44`%%%%`!7DW[5_P#S37_L>]+_`/:M>LUY-^U?_P`TU_['O2__`&K0
M!ZS1110!Y-\7O^3I/@]_W&O_`$D2I/VX?V<[K]KG]DCQ_P##2RUBVT"Z\::1
M+ID=_<69O(;8OCEX=R>8A`P5W#()%1_%[_DZ3X/?]QK_`-)$KJ/C[\`/!W[4
M7PFU?P+X^T*U\2^$]=5$O]-N6=8KD)(LBABC*V`Z*>".E9U8MP:2_&WXETVE
M)-Z?B?(7[%/_``3<^/\`^RK^TCJ?BZ\^,OPJN?"WBN6S;Q+X>T#X9#18[];6
M"2&(PLEVR02%64,^QBPC4'H*^Y-=UF+P[HEYJ$\=W+!8P/<2):VTES.ZJI8A
M(HU9Y'('"(I9C@`$D"OPA_X)Y_L>?#GP#_P4%\(:-X)\._`G3=3^#'Q.N4U7
MXA:7XEU2YO-<2[75!;:1%82VRVRR[(WBW)<2+$UDP#%OE;]W]9BO)]'NX].G
MMK74'A=;::X@:XAAE*G8SQJZ%U#8)4.I(!&Y>HZ*DG*A&HG>^VFMK1:^]-63
MMWM9IO&%-0K.DU:UKZ_WI)_E>ZOO;=-+PZW_`&^],U[]G)/B1X>^'?Q.\36A
MU'4]/DT>QL+*'4K7^SKJXM[J:8W%U%;Q(K6TC`/.)'&U50N=E<QJG_!6KX:Z
M/<R:A/I7C)/`=JENEYXW:TMDT.PNY]/748K*0-.+OSFMGC;<MNT0:18S('.V
MN;T/_@GU\9M"_9BG^'"?&?X<31W_`(IU'7M1E?X:WRV6JV=]=7-Y<:=/`FN+
M*8S<W!^9+A-T2")U<,[-2^(G_!)34_C;8>)?#?C+XC:1<?#SQQ>1>(->T'1_
M"1T^9M9338[`RVEP]Y,+>R/E1S"U>.:0.N/M!0E#,K<T[;:6[[KF]?=;Y=O?
M2NW%Z:Q2;5]O>OZ7?+;?7176W*]&I+7WK]FK]K;3OVD-2US3#X4\8>!]?T&W
ML[^?2/$D5HEW)97BR-:WB?9;B=/+E\F4!6=9%:-E=$(Q7K%>)_LJ?LL^(?@K
MXJ\1>*O&_C2P\<^,O$.FZ9H<E]I^A-HEI'8Z>+C[.HMVN+@F8M=3O))YF&9A
MM2-0%KUWQ/X5TOQMH<^EZUIMAJ^F76WSK2]MTN()=K!EW(X*G#*",C@@'M5U
ME#F_=[?U^/?I?;0PI.?+[^_]?A?;K:U];F!^T#_R07QO_P!@"_\`_2>2OP-K
M]ROCG\$/!6E_LU^,=-M?!_A>VTZVTZ]U.*UBTJ!((KM;5U6X5`NT2A0`'`W`
M<9K\-:\+--X_,]W*_AD%%%%>6>H=SHO[/FNZQ\*;KQE)<Z#I>DQAOL<>HZK!
M:76L;&"RBTA=@TQCR-VT=>%W-\M6O$W[*GC_`,(6VFR7WAZ0/JMY#IT,%O=P
M7-Q'<RH)(H)H8G:2"5T(8)*J,1VX->D_"GQ/X4B_9FD@\8^*?#6M:5:6]]%8
M:!-82KK^C:E(&:%[.9!S;NRQO(TCB,$%=A8@MZ3HG[:WA#PAK&D:AJESX5UO
M6=9\56&L:Y?^'],U*$+#;PR1^=.MYA3<$R`[+=%3"OR2PKN]A2YDF_Y>JZM)
M_A=]DK/6[MQ2KU4FTK_%T?1:?Y>;ND?.<?[)?CB;Q3<Z,EIH+WUC9S7]WM\2
M:88+*&%U24S3?:/*B9&904=@PSTK@O$&A3^&=:N=/N9+.6>T<QNUI=Q7<#'U
M26)FC<>ZL1[U],:[\9/#UCK&C+X7\;?#32=<&G7UGXAUK_A#)(-(UFUEN4:&
MU-FNGN'D5%)9V@0$87>V,GQ3]I+Q#X7\4_&S7K_P;9PV7AVXE0VL<-N;:%B(
MU$CI$>8T>0.RI_"&`P,8'+4A%*+B^]_6_P"5K;];VTU.F$I.33^7]?CZ;V>A
MPU%%%9FA^Q?_``2-_P"3$O"G_7S?_P#I9+7TK7Q]_P`$MO@+X%\<_L6^&=3U
MOP7X3UC49[B]$EU?:1;W$\@6ZE507="QP``,G@"OIO4O@MX-UGQ@OB&\\)>&
M;O7TECG74YM+@DO%DC"B-Q*5W[D"KM.<C:,8P*^FP_\`"CZ(^9Q'\67JSX\_
MX+K_`/)&?`__`&&I?_1!K\R*_23_`(+E>"=%TSP!X4URVTC2[?6M2U=H[N_B
MM8TNKI5M\*LD@&YP`J@`DX"CTK\VZ\7,/XS^1[.7_P`%?,****XSM"BBB@`H
MHHH`*U?`?_(\:+_U_0?^C%K*K3\%0)<^,M(BE1)(Y+V%65AE6!D4$$'J#3CN
M*6Q_0;17):?\`?`FDZ'J.EVG@GPC:Z9J_E_;K2+1[=(+WRVW1^:@3:^QB2NX
M'!.1BC3_`(`^!-)T/4=+M/!/A&UTS5_+^W6D6CVZ07OEMNC\U`FU]C$E=P."
M<C%?5GRA^2G_``5=_P"3^_'O_</_`/3=:U\[U[S_`,%-O"NE^"?VW_&^EZ+I
MMAI&F6OV#R;2RMTMX(MVGVS-M1`%&68DX'))/>O!J^8Q'\67J_S/I\/_``H^
MB_(****R-0HHHH`****`"OLS_@AQ_P`G9>(?^Q2N?_2RRKXSKZV_X(U>`-!^
M(W[3VO6/B'1-(UZRB\+W$Z6^HV<=U$D@N[-0X5P0&`9AGKACZUT83^-'U.?%
M_P`&1^M5%8.O?"OPOXI\466N:IX;T'4M:TW9]DO[K3X9KJUV.73RY&4LFUR6
M&",$DCFMZOI#YL****`"O)OV4/\`FI7_`&/>J?\`M*O6:\F_90_YJ5_V/>J?
M^TJ`/6:\F_8;_P"36_"__;W_`.E<U>LUY-^PW_R:WX7_`.WO_P!*YJ`/6:**
M*`"BBB@`HHHH`***_+?_`(+)_$;Q#X3_`&L[*UTK7M9TRV;P[:R&*UO988RQ
MFN`6VJP&<`<^PK#$5O90YVKF^'H.K/E3L?J117X#?\+L\9_]#=XG_P#!I/\`
M_%4?\+L\9_\`0W>)_P#P:3__`!5<7]J+^4[O[+E_,?OS7SE-_P`$X=-\0^*_
MBG?>*?B=\3O&.E_%W3O[,UC1=0_L:VL[:--PMGMI+/3X+F.2W5F6-C.Q.=S^
M8X##\D_^%V>,_P#H;O$__@TG_P#BJ/\`A=GC/_H;O$__`(-)_P#XJE_:<;WY
M>ZW[_P!:/==`_LMZ>]MKL?K'_P`.T--!AUD?%;XKGXD0:D-23QZTFCOK?%JU
MHL'DMIYT\PBW=TV_8\_.SY\PEZ]G^`OP3T?]G7X3:1X.T*74;C3M(60BXOY_
M/NKJ665YI9I7``+O+([G:JJ"Q`51@#\-?^%V>,_^AN\3_P#@TG_^*H_X79XS
M_P"AN\3_`/@TG_\`BJK^U5K[N]OPT(646:::^[O_`%^FQ^_-%?@-_P`+L\9_
M]#=XG_\`!I/_`/%4?\+L\9_]#=XG_P#!I/\`_%4O[47\I?\`9<OYC]^:*_#G
M]G/XP^+M0_:$\!V]QXI\1SP3^(M/CDCDU*9DD4W,8*D%L$$<8-?N-77AL2JR
M;2M8X\3AG1:3=[A11172<P4444`%?/W[7?[:6M_L\^+4T3PQX(T_QC?Z?X:O
MO&>LB_\`$/\`8RV^E6;HDOV8_9Y_M%V2_P`D+"&,@'?/'E<_0-?/O[=G[#$7
M[;]CHND:FWPV&@V:SI=OK_@2+Q!K%H9`%$^E7<MPB:?<*NX>:8)^2I`4KS$N
M:ZY;==]MG:]M;)V;MJTK*U[K2'+]KR_-72\VKI7T3=W>UGS$'_!32/5_BE"F
MF^$["X^&D?B/1_"%[XCGU[R=2CU+5;2VN;,Q:>+=EEM2+RV1IFN4<.[;8G5"
MU?5-?,/BW_@FCH/CO]IOPKXVU.T^&8T3P.=/DT9;7P+'%XK5K)5^SP3ZXUP[
MR6:2*)!`EO&2RJ#(R@JWT]71)T^3W;WN]^UHVOTNWS/39-*[:;?-%5.9<UK<
ML=OYM>;Y6MZN[22T"BBBLC4****`"BBB@`HHHH`***^"O^"B^O?%+X8?'9_%
MNF6WQ'OM,AN?#MEX.NO#_B^WT_0],O);\1WEKJFF-=Q/?-=JZ1H?LMWL4DKY
M!4N7%7G&'=I??_7^6MDU)VBY=E?^NOW)^A]ZT5\<?"/0_%W[/?\`P4$NK;QW
M%K6NQ?%G5=:E\*:I:?%'7-3M;"TCC6Y%M<>'KA4L+-8XTV+<6_FG>P4E/,Y^
MQZ4=:<)_S).W9]5\MGY[:6;')<\H+[+MZ]GZ/=?C9W2****!A1110`4444`%
M>3?M7_\`--?^Q[TO_P!JUZS7DW[5_P#S37_L>]+_`/:M`'K-%%%`'DWQ>_Y.
MD^#W_<:_])$KUEL8.>E>3?%[_DZ3X/?]QK_TD2O4M1U*VTFS>XN[B"U@3`:2
M9PB`D@`$GCDD#ZFE+9C1^2G[*G@?X*ZE^WW+J^F_$/X\S>%_#_BO2+#P_P"'
M];T&RM/#U]<O+K9TR2VN1&+R>QBN1J@C>3:&=H\M*@4C]<J_%#]E_P`5_#_1
M/^"@'PU\0:A\&_$_AWQ?\0?B/>:7H;#QM=ZMX22WMGU8&XCL/._T*]B83.D$
MT1B5;N:2$\L%_:^M*;OAH-=_QY87OU;[MZVM'[)%5KZU-KJE]W--+R2TT2\W
MU"BBBH*"BBJVKV,NI:=)!#>W.GROC%Q;K&TD>"#P)%9>0,<J>">AP:`.:_:!
M_P"2"^-_^P!?_P#I/)7X&U^[7QY\,WL/[.WC.!O$6L32II%],9WCM!(Z"U<>
M20(0NPGG(4/G^+'%?A+7CYIO'YGL97\,@HHHKRSU`HHHH`****`"BBB@#]B_
M^"1O_)B7A3_KYO\`_P!+):^E:^4/^"4WA:^U/]B+PO-!XEUK3HWN+[$%O%:-
M&F+N4<&2!VYZ\L>O;I7TS=^'+RXUP7::_J]O;AU;[%'':F`@8RN6A,F&P<_/
MGDX(XQ]-A_X4?1'S.(_BR]6?%G_!=?\`Y(SX'_[#4O\`Z(-?F17Z6?\`!<_3
M9X?ACX/NFU"\F@FUAPEHZQ"&`BW.2I"!R3C)W.PY.,<8_-.O%S#^,_D>SE_\
M%?,****XSM"BBB@`HHHH`*U?`?\`R/&B_P#7]!_Z,6LJM3P0I?QIHZAF0M>P
M@,,97]XO(SQ^=..XI;']!E%8EKX5O[?3KJ!_$VMSRW&SR[AXK,26V#D[`L`4
M[AP=ZMQTP>:+7PK?V^G74#^)M;GEN-GEW#Q68DML')V!8`IW#@[U;CI@\U]6
M?*'Y!?\`!5W_`)/[\>_]P_\`]-UK7SO7O_\`P5%L9=-_;K\<P37MSJ$J?8,W
M%PL:R29T^V/(C55X!QPHX`ZG)KP"OF,1_%EZO\SZ?#_PH^B_(****R-0HHHH
M`****`"OLS_@AQ_R=EXA_P"Q2N?_`$LLJ^,Z^O\`_@BMI5QK'[4VOQ6^IWVE
M.OA6X8RVJ0L[#[99C:?-C=<<YX&>!SU!Z,)_&CZG/B_X,C]8:*S=2T.ZOM8M
M[J+6=2LH(=N^TA2W,,^&).XO$SC(X.UUX'&#S6E7TA\V%%%%`!7DW[*'_-2O
M^Q[U3_VE7K->3?LH?\U*_P"Q[U3_`-I4`>LUY-^PW_R:WX7_`.WO_P!*YJ]9
MKR;]AO\`Y-;\+_\`;W_Z5S4`>LT444`#<@@YP?2OS"@T&PU?PU\:M!B^''QA
MUCX?2?&72O$.NZ5JO@3Q%)+XG\.C3].MKED6]MQ+J:?:K>1I8(S-)+'$Q\MT
MD7?^GM%$&XS<UV2^Z<)J_E>"375-K1ZIS?-3=/:_ZQE'3SM)M/H[.SV/Q\\&
M_LU>([37M?@O_A'XX%[JLUO-\`;AO"=TT7P]L_\`A(;^=HFD$970V6U>T=DN
M#`6MPD`5C&8%_8,9[T45I.IS)+M_P-7W;M[SZO4F2YJDJK^UTZ+?1=EKHNBT
M.2_L;QY_PE'G?\))X1_L7[5O^R_\(W<?:OL^_/E^?]NV^9LX\SRL9YV8^6OR
M]_X++P:E;_M?Q_VE=V-V7T2![;[-:/;B&`SW&R-]TC[W`ZN-H;LBU^M]?D]_
MP6R_Y/`L/^Q;M?\`T=<5YN8_P?F>AEW\;Y'R!1117@GNA1110`4444`%%%%`
M'8_L\I<2_'[P,MI+#!=MX@L!#)-$98XW^TQ[69`REE!P2`RDCC(ZU^Y-GI7C
M)/!]W!<:]X9EU]Y0;:\CT&>.SBCRF5>W-X7=L!_F$RCYE^4[3N_#S]FC_DX[
MX?\`_8R:=_Z51U^]->QEGPR/'S3XHG)?V-X\_P"$7\G_`(23PC_;7VK?]J_X
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M_%GWQKW_``7(\07'V+^R_#NCV?EVJ)=_:K&2Y\^X&=\D>VZC\N,\8C.\K@Y=
ML\&O?\%R/$%Q]B_LOP[H]GY=JB7?VJQDN?/N!G?)'MNH_+C/&(SO*X.7;/'P
M/11]?K=_P0?4*/;\6??&O?\`!<CQ!<?8O[+\.Z/9^7:HEW]JL9+GS[@9WR1[
M;J/RXSQB,[RN#EVSQ8\9_P#!<S5K[5(W\/>%].TNR$0#Q:C;O?RM)DY8.D\(
M"XVC;M)!!.XYP/S_`**/K];O^"#ZA1[?BS]-_@+_`,%4/$_[4O[2&D^"_#FG
M:%X9L]=\[[.^I:9+J,MMY-J\S;WCNX0^XQ-C"+@,!S@D_8>I:5XRE\8+/9Z]
MX9@T`2QEK.;09Y;PQ@+YBBX%XJ!F.[:WDD+D95L'/Y&_\$HO^3^_`7_<0_\`
M3==5^S%>I@:TJD'*;ZGEXZC&G-1@NAS.I:5XRE\8+/9Z]X9@T`2QEK.;09Y;
MPQ@+YBBX%XJ!F.[:WDD+D95L',']C>//^$H\[_A)/"/]B_:M_P!E_P"$;N/M
M7V??GR_/^W;?,V<>9Y6,\[,?+76U^0GQU_X*._&OPG\;O&6E:=X[O;;3],UR
M]M+:$65JPBBCN'5%R8B3A0!DDGBM,1B8TDG);F>'P\JK:B]C]5=-TKQE%XP:
M>\U[PS/H!ED*V<.@SQ7@C(;RU-P;QD+*=NYO)`;!PJY&#3=*\91>,&GO->\,
MSZ`99"MG#H,\5X(R&\M3<&\9"RG;N;R0&P<*N1C\@/\`AY[\=_\`HH-]_P"`
M%G_\:H_X>>_'?_HH-]_X`6?_`,:KF_M.GV?]?,Z?[,J=U_7R/UX\,:-X\M-<
M@DUKQ)X1O],7=YT%EX;N+.>3Y3MVRO?2JN&P3F-L@$<9R.0TS]F--1^/&E_$
M3Q/I?PBUOQ5I=LUE%KL/@/[/KT$&'VPPW\EW+)%&'<DJ`006&`6R/RV_X>>_
M'?\`Z*#??^`%G_\`&J/^'GOQW_Z*#??^`%G_`/&J%F=.][/^OF#RRI9JZU_K
ML?J1\#?V4=(^#7Q1\0>+;?PW\(M.UOQ2&DU;4_#/@1-$U35)VDW^9<W0N)6G
M!)<D.,EFSNX(/8:#HWCRW^V_VIXD\(WGF6KI:?9?#=Q;>1<'&R23=?2>9&.<
MQC86R,.N.?R'_P"'GOQW_P"B@WW_`(`6?_QJC_AY[\=_^B@WW_@!9_\`QJA9
MG3LE9Z?UW!Y95;;;5WZ_Y'Z\:#HWCRW^V_VIXD\(WGF6KI:?9?#=Q;>1<'&R
M23=?2>9&.<QC86R,.N.9_#NE>,K;2]335M>\,WU[+%C3Y;309[6*UDPWS2HU
MY(9ER4.U6C.%8;OF!7\@/^'GOQW_`.B@WW_@!9__`!JC_AY[\=_^B@WW_@!9
M_P#QJC^TZ?9_U\P_LRIW7]?(_7C3]&\>1Z'J,=WXD\(SZG+Y?V&>+PW<106V
M&_>>;$;YFEW+@+MDCVGD[^E7_!&G^*+#[5_PDFL:#JV_9]G_`+-T>;3_`"L;
MMV_S+F??GY<8VXP?O9&/A;_@D]^V-\2OVA?VBM:T7QEXIN=;TNU\.3WL4$EM
M!$$F6ZM4#YC13PLCC&<?-]*_0>NNA656/-$XZU%TI<D@HHHK8R"O)OVK_P#F
MFO\`V/>E_P#M6O6:\F_:O_YIK_V/>E_^U:`/6:***`/)OB]_R=)\'O\`N-?^
MDB58_;,^!%_^TK^SIKW@[2Y/!T.HZF]M+;R>*=!.N:5&\-Q',&EM!+%YA'EY
M7YQM;:W.,&O\7O\`DZ3X/?\`<:_])$KUEL;3D9%3-:?C]VI4).+NC\2OV&;W
MX?Q?\%-O#,4-[\%-=\31>))EGU;P_P#LU:AHDEY<O]K5I8-9>Y>*/S)(+G;-
MAED\F4+NP<?MK7Y-?L]_$CX'>._VS/"U_#\)O%_A$>&_%&GZ1X1E3QX\]OKT
M5]>Z[+;7MWIL;E`MM=VUZT4,K.\"7(.V,+L'ZRUM'_=X+LVO+:+7H[--KI=+
M>YE45L3)>2?GO+Y-76CZV;VL%%?%O_!93X*'XL^!_"4\%A=>(M4T[^T8-+T"
M?X9:AXZTO4;R>!$ADDCM)[==/NHF'[B_N)XXH"\I)!((^6_BA^S)\7)]/\1:
M39^#?%MY^U+#+8/HOQ#719WM%T6/PW!!<6T>L[?L\:->+=*;,RJ[S2B;RL$2
MC&FW)2;TM;YW:3M_A3YI+=0O+R-W!<T%?XDW?M;:_E+:+ZRT[M?KM17QW_P2
M_P#AUI_A+QYX]U+P3\/]?^&?PRU/1=`@MM(U7PU<^'99]<A2\_M.Z^R7$<<C
M.RO9H]SMVSO$6#28WGZU\3W&J6FASR:+9V%_J:[?)@O;Q[."3YANW2I%*RX7
M)&(VR0!QG(WK4U"7*G?^OZMW1S4:CG&[5OZ^6JV:Z-->9@?M`_\`)!?&_P#V
M`+__`-)Y*_`VOW*^.>K>-9/V:_&,EUX?\+PZBVG7L<L$7B">2!+3[*^Z59#9
MJS2AL@1%`I'/F#I7X:UX6:;Q^9[N5_#(****\L]0****`"BBB@`HHHH`_8O_
M`()&_P#)B7A3_KYO_P#TLEKZ5KX^_P""6VL>.K3]BWPS'HGASPGJ&G+<7OES
MWWB*XLYW/VJ7=F-+&51@Y`PYR.>.@^F]2U7QE%XP6"ST'PS/H!EC#7DVO3Q7
M@C(7S&%N+-D+*=VU?.`;`RRY./IL/_"CZ(^9Q'\67JSX\_X+K_\`)&?`_P#V
M&I?_`$0:_,BOTD_X+E7>M2>`/"D-SI^EPZ+'J[&TNHK^22ZG;[/\PD@,*K&`
M=P!$KY`!P,X'YMUXN8?QG\CV<O\`X*^84445QG:%%%%`!1110`5J^`_^1XT7
M_K^@_P#1BUE5I^"FD7QEI!B5'D%[#M5F*J3YBX!(!P/?!^E..XI;']!M%<EI
M^L^/)-#U&2[\-^$8-3B\O[#!%XDN)8+G+?O/-E-BK1;5P5VQR;CP=G6C3]9\
M>2:'J,EWX;\(P:G%Y?V&"+Q)<2P7.6_>>;*;%6BVK@KMCDW'@[.M?5GRA^2G
M_!5W_D_OQ[_W#_\`TW6M?.]>\_\`!3:XU2[_`&W_`!O)K5G86&IM]@\Z"RO'
MO((_^)?;;=LKQ1,V5P3F-<$D<XR?!J^8Q'\67J_S/I\/_"CZ+\@HHHK(U"BB
MB@`HHHH`*^S/^"''_)V7B'_L4KG_`-++*OC.OK;_`((U7NO6/[3VO/X>TW2-
M4O3X7N`\6HZE)81+']KL\L'2"8EL[1MV@$$G<,8/1A/XT?4Y\7_!D?K516#K
MVH^*+?Q190Z7H^@WFBR;/M=U=:Q-;74&7(?RX%MI%DPF",RIN)(.T#<=ZOI#
MYL****`"O)OV4/\`FI7_`&/>J?\`M*O6:\F_90_YJ5_V/>J?^TJ`/6:\F_8;
M_P"36_"__;W_`.E<U>LUY-^PW_R:WX7_`.WO_P!*YJ`/6:***`"BBB@`HHHH
M`*_)[_@ME_R>!8?]BW:_^CKBOUAK\GO^"V7_`">!8?\`8MVO_HZXKAS'^#\S
MOR[^-\CY`HHHKP3W0HHHH`****`"BBB@#M_V:/\`DX[X?_\`8R:=_P"E4=?O
M37X+?LT?\G'?#_\`[&33O_2J.OWIKV,L^&1X^:?%$*_%K_@I[_R?;\0?^OFV
M_P#2."OVEK\6O^"GO_)]OQ!_Z^;;_P!(X*O,_P"&O7_,C+/XC]/\CP2BBBO$
M/;"BBB@`HHHH`****`/HC_@E%_R?WX"_[B'_`*;KJOV8K\9_^"47_)_?@+_N
M(?\`INNJ_9BO;RS^$_7]$>)F?\5>GZL*_!;]I?\`Y..^('_8R:C_`.E4E?O3
M7X+?M+_\G'?$#_L9-1_]*I*C-/AB7EGQ2.(HHHKQSV`HHHH`****`"BBB@#[
M,_X(<?\`)V7B'_L4KG_TLLJ_52ORK_X(<?\`)V7B'_L4KG_TLLJ_52O>R[^#
M\SP<P_C,****[CA"O)OVK_\`FFO_`&/>E_\`M6O6:\F_:O\`^::_]CWI?_M6
M@#UFBBB@#R;XO?\`)TGP>_[C7_I(E1?M\_M'7O[(G[&?Q(^)>G6NG7FH^#=$
MGU"UBOW9+1I5&$,Q3YO+#$%MO.T''-2_%[_DZ3X/?]QK_P!)$KU6\M(;^UDA
MN(8YX95*O'(H97'H0>"*BJFX-)V*@[239^(__!-K]ISX>?'C_@I_874=U^Q9
MI_C^SUEHKSQ?X6T:];7?B/+<6OG.=,@E.RRVK(T4T[/(\CQRX`#&OV\K\P_V
M8O\`@L7/\1_VTY?AM?>&O@_:ZS?^*['2M(T#19)7\2:392-JT=XUZ&`Q<VPL
M;:654C6.-+L#<Y9&/Z>5T-IT(<JLE]VT7HNBUZ>[>Z6J9E-..(G&3ULK_>UO
MUO9[ZVWTL%%%%9%A115;5[Z73=.DGALKG4)4QBWMVC623)`X,C*O`.>6'`/4
MX%`'-?M`_P#)!?&__8`O_P#TGDK\#:_=KX\^)KV;]G;QG,WAW6(97TB^A,#R
M6AD1#:N?.)$Q78#Q@,7S_#CFOPEKQ\TWC\SV,K^&04445Y9Z@4444`%%%%`!
M1110!^Q?_!(W_DQ+PI_U\W__`*62U]*U\H?\$IO%-]IG[$7A>&#PUK6HQI<7
MV)[>6T6-\W<IX$DZ-QTY4=._6OIF[\1WEOK@M$T#5[BW+JOVV.2U$`!QEL-,
M),+DY^3/!P#QGZ;#_P`*/HCYG$?Q9>K/BS_@NO\`\D9\#_\`8:E_]$&OS(K]
M+/\`@N?J4\WPQ\'VS:=>0P0ZPY2[=HC#.3;G(4!RX(S@[D4<'&>,_FG7BYA_
M&?R/9R_^"OF%%%%<9VA1110`4444`%:O@/\`Y'C1?^OZ#_T8M95:G@ARGC31
MV"LY6]A(48RW[Q>!GC\Z<=Q2V/Z#**Q+7Q5?SZ==3OX9UN"6WV>7;O+9F2YR
M<'85G*C:.3O9>.F3Q1:^*K^?3KJ=_#.MP2V^SR[=Y;,R7.3@["LY4;1R=[+Q
MTR>*^K/E#\@O^"KO_)_?CW_N'_\`INM:^=Z]_P#^"HM]+J7[=?CF>:RN=/E?
M[!FWN&C:2/&GVPY,;,O(&>&/!'0Y%>`5\QB/XLO5_F?3X?\`A1]%^04445D:
MA1110`4444`%?9G_``0X_P"3LO$/_8I7/_I995\9U]?_`/!%;5;C1_VIM?EM
M],OM5=O"MPIBM6A5U'VRS.X^;(BXXQP<\CCJ1T83^-'U.?%_P9'ZPT5FZEKE
MU8ZQ;VT6C:E>03;=]W"]N(8,L0=P>57.!R=J-P>,GBM*OI#YL****`"O)OV4
M/^:E?]CWJG_M*O6:\F_90_YJ5_V/>J?^TJ`/6:\F_8;_`.36_"__`&]_^E<U
M>LUY-^PW_P`FM^%_^WO_`-*YJ`/6:***`"BBB@`HHHH`Q/L'B3^V-_\`:NB?
MV?YV[R?[*E\[RMWW?,^T8W;>-VS&>=O:ORQ_X+11W<7[7]O]KGMYRV@6[0^5
M"T6R/S[C:K9=MS#NPV@_W17ZTU^3W_!;+_D\"P_[%NU_]'7%<.8_P?F=^7?Q
MOD?(%%%%>">Z%%%%`!1110`4444`=G^SDLK_`+0O@-8'CCG/B+3Q&[H716^T
MQX)4$$@'L",^HZU^Z\%GKRZ'-'+J6D/J;/F*==-D6!%^7AHC.68_>Y$@ZCC@
MY_"S]FC_`)..^'__`&,FG?\`I5'7[TU[&6?#(\?-/BB8GV#Q)_8^S^U=$_M#
MSMWG?V5+Y/E;?N^7]HSNW<[M^,<;>]?C;_P4HCNX?VW?'JWT]O<W8N+?S)((
M6AC;_1(<80NY'&.K'^E?M;7XM?\`!3W_`)/M^(/_`%\VW_I'!5YG_#7K_F1E
MG\1^G^1X)1117B'MA1110`4444`%%%%`'O\`_P`$NHKR;]NOP,EA/;6UV?M_
MER7$#3QK_P`2^YSE%=">,C[PP2#ST/[%W=GKSZX)(-2TB/3`ZDP2:;(\Y7C<
M/-$X7)YP?+XR.#CG\??^"47_`"?WX"_[B'_INNJ_9BO;RS^$_7]$>)F?\5>G
MZLR;NSUY]<$D&I:1'I@=28)--D><KQN'FB<+D\X/E\9'!QS^%G[2_P#R<=\0
M/^QDU'_TJDK]Z:_!;]I?_DX[X@?]C)J/_I5)49I\,2\L^*1Q%%%%>.>P%%%%
M`!1110`4444`?8?_``1/BO)OVH?$J6$]M;79\)7'ER7$#3QK_IMCG**Z$\9'
MWA@D'GH?U+\/6NL6WG?VM?:;>[MOE?9+%[79USNW32;L\8QC&#USQ^7O_!#C
M_D[+Q#_V*5S_`.EEE7ZJ5[V7?P?F>#F'\9A1117<<(5Y-^U?_P`TU_['O2__
M`&K7K->3?M7_`/--?^Q[TO\`]JT`>LT444`>3?%[_DZ3X/?]QK_TD2O63G!Q
MUKR;XO?\G2?![_N-?^DB5ZPW*D<\BIELQH_#WXC?%3]JWX=>/=?\.6]E\7I]
M;GU^634/$>BZ'X9O-?MEB>^9;+398G>XNK%V;2Q_I41FV+.`%"D#]IOA;=:W
M??#+PY/XEACM_$<VF6SZK%'@)'=&)3,HQQ@2;AQ7XJ?\$]_A%\`O&/[>W@+Q
M-X;^*?P>T3XF:?XNU2UU_P`.ZMI$4OC74+^RU35]CV]PD[(&N8+E5G<B3S$M
MXF380`O[D5K17+A8IZM]?1;I]G?UT3>KUG$OFQ;LK**M;;5MWNM[QM:^VK2T
M045\_?MW_MZ:3^Q9;^$K.XE\"PZWXTN9XK*7QGXOC\*:%:10(K337-^\,YC`
M,D2(J0R,\DJ+A1EAYY\9/^"L)^!MQXF\1:SX)TV?X5>"M2C\/:UXFLO$AGNQ
MJCZ<E^%MK/[*%GM,2Q1?:#<1N7?/D[`7K.+NFUKT_%+\Y)>K2WT+Y'=+OMY[
M[?)-VWLF]DS[$HKQ3]EC]J3Q%\:/&?B;PIXU\%Z=X(\6>'=.TS7/LFGZ\VM6
MTVGZ@+C[.[3-;6Y2<-:SI)$$95*@K)(I#5ZYXG\5:7X)T.?5-:U*PTC3+7;Y
MUW>W"6\$6Y@J[G<A1EF`&3R2!WK2=.4':2,H5%-7C_7];KNM5H8'[0/_`"07
MQO\`]@"__P#2>2OP-K]ROCG\</!6J?LU^,=2M?&'A>YTZYTZ]TR*ZBU6!X);
MMK5V6W5PVTRE2"$!W$<XK\-:\3--X_,]O*_AD%%%%>6>H%%%%`!1110`4444
M`?L7_P`$C?\`DQ+PI_U\W_\`Z62U]*U\??\`!+;X]>!?`W[%OAG3-;\:>$]'
MU&"XO3):WVKV]O/&&NI64E'<,,@@C(Y!KZ;U+XT^#=&\8+X>O/%OAFTU]Y8X
M%TR;5(([QI)`IC01%M^YPR[1C)W#&<BOIL/_``H^B/F<1_%EZL^//^"Z_P#R
M1GP/_P!AJ7_T0:_,BOTD_P""Y7C;1=3\`>%-#MM7TNXUK3=7:2[L(KJ-[JU5
MK?*M)&#N0$,I!(&0P]:_-NO%S#^,_D>SE_\`!7S"BBBN,[0HHHH`****`"M7
MP'_R/&B_]?T'_HQ:RJT_!4Z6WC+2)972...]A9F8X50)%)))Z`4X[BEL?T&T
M5R6G_'[P)JVAZCJEIXV\(W6F:1Y?VZ[BUBW>"R\QML?FN'VIO8$+N(R1@9HT
M_P"/W@35M#U'5+3QMX1NM,TCR_MUW%K%N\%EYC;8_-</M3>P(7<1DC`S7U9\
MH?DI_P`%7?\`D_OQ[_W#_P#TW6M?.]>\_P#!3;Q5I?C;]M_QOJFBZE8:OIEU
M]@\F[LKA+B"7;I]LK;70E3AE(.#P01VKP:OF,1_%EZO\SZ?#_P`*/HOR"BBB
MLC4****`"BBB@`K[,_X(<?\`)V7B'_L4KG_TLLJ^,Z^MO^"-7C_0?AS^T]KU
M]XAUO2-!LI?"]Q`EQJ-Y':Q/(;NS8(&<@%B%8XZX4^E=&$_C1]3GQ?\`!D?K
M516#KWQ4\+^%O%%EH>J>)-!TW6M2V?9+"ZU"&&ZNM[E$\N-F#/N<%1@')!`Y
MK>KZ0^;"BBB@`KR;]E#_`)J5_P!CWJG_`+2KUFO)OV4/^:E?]CWJG_M*@#UF
MO)OV&_\`DUOPO_V]_P#I7-7K->3?L-_\FM^%_P#M[_\`2N:@#UFBBB@`HHHH
M`****`"OR>_X+9?\G@6'_8MVO_HZXK]8:_)[_@ME_P`G@6'_`&+=K_Z.N*X<
MQ_@_,[\N_C?(^0****\$]T****`"BBB@`HHHH`[?]FC_`)..^'__`&,FG?\`
MI5'7[TU^"W[-'_)QWP__`.QDT[_TJCK]Z:]C+/AD>/FGQ1"OQ:_X*>_\GV_$
M'_KYMO\`TC@K]I:_%K_@I[_R?;\0?^OFV_\`2."KS/\`AKU_S(RS^(_3_(\$
MHHHKQ#VPHHHH`****`"BBB@#Z(_X)1?\G]^`O^XA_P"FZZK]F*_&?_@E%_R?
MWX"_[B'_`*;KJOV8KV\L_A/U_1'B9G_%7I^K"OP6_:7_`.3COB!_V,FH_P#I
M5)7[TU^"W[2__)QWQ`_[&34?_2J2HS3X8EY9\4CB****\<]@****`"BBB@`H
MHHH`^S/^"''_`"=EXA_[%*Y_]++*OU4K\J_^"''_`"=EXA_[%*Y_]++*OU4K
MWLN_@_,\',/XS"BBBNXX0KR;]J__`)IK_P!CWI?_`+5KUFO)OVK_`/FFO_8]
MZ7_[5H`]9HHHH`\F^+W_`"=)\'O^XU_Z2)7K))`)`R:\F^+W_)TGP>_[C7_I
M(E>L2.L:,S%551DDG``I/8$?E!^Q[_P4#^+GQ-_;VU+P5=6EQKU[<^+[-;FS
MM?AR;+2O"=@CZLFI0#55C*3;(TTR1;AIV,KS%44`LJ_K!7Y(?`[X2_"WP1_P
M5ST359/CC\+?"7Q`U/7;N2+X:?!&QO5AUO>LC&3Q#+'-)"YV$.S2P0#>>&.1
MG];ZNF[X:G)K5[^J459/MI?=N[=WJ*M_O,TMM+??)WMW?HE9*RLCRK]IO]DW
M3?VF1HES)XG\5^"];\/BZAM-8\/-9B[%M=1"*ZMB+NWN(C'*@4$^7O4HI1T(
MS7E3_P#!'[X6R+/I#:GXV?X>W<-O]I\#/J,,FAW%U!IR:;%>LS0F\\Y;6.-=
MHN1$7C60QF0;Z^JJ*B*232Z[^=M5]SU7:7O*SU+YG=/M>WE??[]GW6CTT/)_
MV9OV1]-_9JN=7U`^*O&'CKQ#K=M9Z?<ZWXFFM)+XV=FLBVMJ/LMO!$(XO-E(
M/E[V:1F=W8YKUBBBKG.4G>3N9Q@HJT5;^OZMV6B.1_:!_P"2"^-_^P!?_P#I
M/)7X&U^^7[0/_)!?&_\`V`+_`/\`2>2OP-KQ<TWC\SVLK^&04445Y9Z@4444
M`%%%%`!1110!^Q?_``2-_P"3$O"G_7S?_P#I9+7TK7S5_P`$C?\`DQ+PI_U\
MW_\`Z62U]*U]-A_X4?1'S.(_BR]6?$?_``6]\/7OB+X0^"HK*!KB2/6)68`@
M8'D$=Z_-K_A5^O?]`Z3_`+[3_&OU3_X*O_\`)-O"G_83D_\`11KX9K\^XCSR
MMAL=*E"*:26]^WJ?2Y3AHSPZDWW/$O\`A5^O?]`Z3_OM/\:/^%7Z]_T#I/\`
MOM/\:]MHKPO]9\3_`"Q_'_,]+ZG#NSQ+_A5^O?\`0.D_[[3_`!H_X5?KW_0.
MD_[[3_&O;:*/]9\3_+'\?\P^IP[L\2_X5?KW_0.D_P"^T_QH_P"%7Z]_T#I/
M^^T_QKVVBC_6?$_RQ_'_`##ZG#NSQ+_A5^O?]`Z3_OM/\:U/!/PSUV#QGI#O
MI\@5+V%B=Z'`$B^]>LU?\+_\C-IW_7U%_P"ABJI\38ER2Y8_C_F*6#A9ZL_8
M6BBBOV(^#/QG_P""KO\`R?WX]_[A_P#Z;K6OG>OK#_@IW\)]1\3?MQ^.+ZWG
MLDAG^P;1([!AC3[9><*>XKP3_A16K_\`/SIO_?Q__B*^)Q>:82%><95$FFU^
M)]7AJ,W2@TNB_(XJBNU_X45J_P#S\Z;_`-_'_P#B*/\`A16K_P#/SIO_`'\?
M_P"(K#^U\'_S\1O["IV.*HKM?^%%:O\`\_.F_P#?Q_\`XBC_`(45J_\`S\Z;
M_P!_'_\`B*/[7P?_`#\0>PJ=CBJ*[7_A16K_`//SIO\`W\?_`.(H_P"%%:O_
M`,_.F_\`?Q__`(BC^U\'_P`_$'L*G8XJOLS_`((<?\G9>(?^Q2N?_2RRKYH_
MX45J_P#S\Z;_`-_'_P#B*^N/^",GPVO_``=^U#KUU=36DD<GA:XB`B9BV3=V
M9[J..#77@,SPM3$0A":;;.7&T9JA)M=#],Z***^R/EPHHHH`*\F_90_YJ5_V
M/>J?^TJ]9KR;]E#_`)J5_P!CWJG_`+2H`]9KR;]AO_DUOPO_`-O?_I7-7K->
M3?L-_P#)K?A?_M[_`/2N:@#UFBBB@`KYU_X*FO=0_L?ZE+:^/O#?PW%OK.DW
M%SJVN^/;KP+936T>H027%FVKVJM/:&XA62$/&"V9`.]?15%3)/1KHT^^S3VV
M>VST[E1E9_?^*L?DT/VJ[OQ>VFRIXC^(?P_\46GA[17^$OA9_B%JNJ1>,;TZ
MS>P:A-'--(K^(89(X;=@]TDACM9HYMD&_</UE&>]%%;U)J5[*VK>_?\`&_=W
MU\C&$&G=N^B7W+I;IV73JV[LY+^V?'G_``E'D_\`"-^$?[%^U;/M7_"27'VK
M[/OQYGD?8=OF;.?+\W&>-^/FK\O?^"R]QJ5Q^U_'_:5I8VA31($MOLUV]P)H
M!/<;)'W1IL<CJ@W!>SM7ZWU^3W_!;+_D\"P_[%NU_P#1UQ7F9C_!^9Z>7?QO
MD?(%%%%>">Z%%%%`!1110`4444`=C^SS)<1?'[P,UI%#/=KX@L##'-*8HY'^
MTQ[59PK%5)P"0K$#G!Z5^Y-GJOC)_!]W/<:#X9BU])0+:SCUZ>2SECRF6>X-
MF'1L%_E$+#Y5^8;CM_#S]FC_`)..^'__`&,FG?\`I5'7[TU[&6?#(\?-/BB<
ME_;/CS_A%_._X1OPC_;7VK9]E_X22X^R_9]F?,\_[#N\S?QY?E8QSOS\M?CS
M_P`%&;C4KK]M+QU)J]I8V.HM<6_G06=V]W!&?LL.-LC1QLW&#RBX)(YQD_MG
M7XM?\%/?^3[?B#_U\VW_`*1P5>9_PUZ_YD99_$?I_D>"4445XA[84444`%%%
M%`!1110![S_P3)N-4M/VW_!$FBV=A?ZFOV_R8+V\>S@D_P")?<[MTJ12LN%R
M1B-LD`<9R/V!U+5?&47C!8+/0?#,^@&6,->3:]/%>",A?,86XLV0LIW;5\X!
ML#++DX_(W_@E%_R?WX"_[B'_`*;KJOV8KV\L_A/U_1'B9G_%7I^K.9U+5?&4
M7C!8+/0?#,^@&6,->3:]/%>",A?,86XLV0LIW;5\X!L#++DX_#S]I?\`Y..^
M('_8R:C_`.E4E?O37X+?M+_\G'?$#_L9-1_]*I*C-/AB7EGQ2.(HHHKQSV`H
MHHH`****`"BBB@#Z]_X(O7&J6G[2WBB31;.PO]37PE/Y,%[>/9P2?Z=8[MTJ
M12LN%R1B-LD`<9R/U%\$:CXHO_M7_"2:/H.D[-GV?^S=8FU#S<[MV_S+:#9C
MY<8W9R?NX&?S)_X(<?\`)V7B'_L4KG_TLLJ_52O>R[^#\SP<P_C,****[CA"
MO)OVK_\`FFO_`&/>E_\`M6O6:\F_:O\`^::_]CWI?_M6@#UFBBB@#R;XO?\`
M)TGP>_[C7_I(E=%^TE^S_P"'_P!JKX"^+/AQXJ^W_P#".>,]-ETK4?L5P;>X
M\F08;8X!VG'?!^AKG?B]_P`G2?![_N-?^DB5ZS43A&<7"2NF5";C)2B[-'P%
M^Q=_P2%\<?\`!.W]IKP_K?P\\>>"O$7PUBT;_A&=1TK6O"5MI.M6UCY[7`DB
MNM-2&"YN/-VY:>W#,I;+DX-??M%%;.<G%1;O:_XMM^NK;UUNV91IQ4G**M>U
M_DK+\$EVLD%%<?\`%_\`:%\`?L]V.FW7C[QQX/\``]KK%T+&PF\0:S;:9'?7
M!&1#$TSJ'D(&=JY/M27O[1'P_P!-^*D/@2Y\=>#K?QO<V9U&+P])K5LFJRVH
M!)G6V+^:8L`_.%V\'FH3_KT5W^&OH:6_KYV_/3U.QJMJ^E1:WITEK.]RD4N,
MM;W$EO(,$'AXV5AR.Q&1D=":YWX2_'?P/\?=&O-1\">,_"GC73]/NGLKJZT'
M5K?4H;:X7[T+O"[!9%R,J2"/2NKIM$IGG/QY\#65K^SMXSM5GU@Q1Z1?7(+Z
MM=O(7%JXP7,A8IC^`G83SC-?A+7[[?'6V-[\$?&4*D*TVAWJ`GH,V[BOQ+_X
M4'-_T$X_^_!_^*KYW.\;1H2@JLDKW/<RFG*49<J//:*]"_X4'-_T$X_^_!_^
M*H_X4'-_T$X_^_!_^*KP_P"U\'_S\1ZWL)]CSVBO0O\`A0<W_03C_P"_!_\`
MBJ/^%!S?]!./_OP?_BJ/[7P?_/Q!["?8\]HKT+_A0<W_`$$X_P#OP?\`XJC_
M`(4'-_T$X_\`OP?_`(JC^U\'_P`_$'L)]CSVBO0O^%!S?]!./_OP?_BJ/^%!
MS?\`03C_`._!_P#BJ/[7P?\`S\0>PGV/TO\`^"4W@&QUW]B+PO=3SZU'+)<7
MP(M]8O+:,8NY1PD<JJ/P'/6OIF[\%6=YK@U%YM76X5UDV1ZK=1P97&/W*R"/
M'`R-N#SD')SXC_P2Y\/-X6_8P\-V+2K,8;F].\+MSFZD/3\:^A*^TP<XSH0G
M%W32_(^5Q*:K23[L^1O^"JVB0VO@WPY?*]X9[G475U>[E>$`0X&V(L40\<E5
M!/.<Y-?$E?<W_!5__DFWA3_L)R?^BC7PS7Y/QA_R,Y^B_(^LR7_=5ZO\PJWH
M$0N-=LHS:2WX>=%^S1@E[C+#]VN.<MT&.>:J4Z*9X)4DC9DD0AE93@J1T(/8
MU\Y2FHSC)]&OZU/4FKIH^CO%GBK2;/Q#I'B_4HK2]\#P-?Z+8:8WABT2\T*;
MRF9(9('"I.L3R!@6D;+!B<,3G4^$_P`&-)MOCO#?ZW<>$O$/V\:>;#3;FWLM
M($L=TBEIGL=RKNCCR/+C#EG=6YYKPK5_C]XWUWQ#;ZM<>*]?.I6<`MH+B*]D
MADACVA2JE",9"C<1RQY.22:P9?%^K3^)!K+ZIJ+ZP)1/]N:Y<W/F#H_F9W;A
MZYS7O+-Z"K*HX.5I)Z]K:[N5VWJKZQVN]SSG@JCIN"E:ZMIZZ=%HMGT>]EL>
MV>!?#]C/X1\7>'[W1]+_`+1AT[4[JR=M&@>"X\IMQG34E=VS&%=52-5B)`#,
M2:\"K9B^(WB&'PY/HR:]K*:1<L7FL5O91;2L3DEH]VTDGG)%8U>1BL1&HJ:B
MOABH^MK_`.=OT6QVTJ;BY-]6V%7?#2"3Q%IZDL`US&#@D'[P[CI5*K_A?_D9
MM._Z^HO_`$,5STOC7J:2V9^M5K\/["TTZZM4N-;:*\V>8SZS>/(NTY&QVE+)
MSUV$;AP<BBU^']A::==6J7&MM%>;/,9]9O'D7:<C8[2EDYZ["-PX.16W17]"
MGYP?F/\`MV:5%HG[57BJU@>Y>*+[)AKBXDN)#FS@/+R,S'D]R<#`Z`5Y'7LO
M_!0/_D[OQ=_VY_\`I%!7C5?A&<?[_7_QR_\`2F??X+_=Z?\`A7Y!6KX+\$:O
M\1/$=MI&AZ?<ZGJ-TVV."!-S'W)Z*H[L2`!R2!657I/[-,>IWVOZU8:=;Z'J
M2:GIKV]YINHWWV(W]OO5W$4I90KIL#Y+`80\-R*QP-"-:O&G.]G?;?1-]G]]
MG;>SV-,14<(.2_K\OS7JMSCA\/=>;Q+=Z,FBZI+JUAO-S9QVKO/"$^^64`D`
M#DGIBE;X>>(%\-1:T="UD:-,P2._-E)]FD8G`428VDD\8!ZU]"?!WQ9\-_A/
M\2=:T72]?U"UBO9YE?4'B@GM9;46;$6_VAI8^!.S<A")#'$,CK3=5\2Z,?@B
M+:RUO1I+E?#UG:0:E)JD"7=ZR70D73Y;'>3$JD\S<8V9+E217K4\GH>RYY5+
MNVMK/6S>EM]DNEWLV^52XY8V?.HJ.CMO=;NW_!]-[:M?/WBWX<^(?`(MSKN@
MZUH@N]WD?;[*6V\[;C=MWJ-V,C..F16+7K?[1=SIFOZ+::Y>V_ANR\;ZMJ-Q
M+J$.A:J-0M982%*RN5FF6.0N6&U7'`SM'%>25XV*HJE5=-.]K?BD^RU5[-65
MG==#MHS<X*3_`*UMY_UJ%?17_!,OP_;^)/CQJ\%Q)?1HF@32`VMY-:/G[1;#
MEHF5B.>A..AQP*^=:^F/^"5O_)PFL_\`8NS_`/I3:UZ/#O\`R,J/J<V9?[M/
MT/NK4O"MKJNL6]]++J23VVW8L.HW$,)VL6&Z)'"/R>=RG(X.1Q6E117[>?"!
M1110`5Y-^RA_S4K_`+'O5/\`VE7K->3?LH?\U*_['O5/_:5`'K->3?L-_P#)
MK?A?_M[_`/2N:O6:\F_8;_Y-;\+_`/;W_P"E<U`'K-%%%`!1110`4444`%?D
M]_P6R_Y/`L/^Q;M?_1UQ7ZPU^3W_``6R_P"3P+#_`+%NU_\`1UQ7#F/\'YG?
MEW\;Y'R!1117@GNA1110`4444`%%%%`';_LT?\G'?#__`+&33O\`TJCK]Z:_
M!;]FC_DX[X?_`/8R:=_Z51U^]->QEGPR/'S3XHA7XM?\%/?^3[?B#_U\VW_I
M'!7[2U^+7_!3W_D^WX@_]?-M_P"D<%7F?\->O^9&6?Q'Z?Y'@E%%%>(>V%%%
M%`!1110`4444`?1'_!*+_D_OP%_W$/\`TW75?LQ7XS_\$HO^3^_`7_<0_P#3
M==5^S%>WEG\)^OZ(\3,_XJ]/U85^"W[2_P#R<=\0/^QDU'_TJDK]Z:_!;]I?
M_DX[X@?]C)J/_I5)49I\,2\L^*1Q%%%%>.>P%%%%`!1110`4444`?9G_``0X
M_P"3LO$/_8I7/_I995^JE?E7_P`$./\`D[+Q#_V*5S_Z665?JI7O9=_!^9X.
M8?QF%%%%=QPA7DW[5_\`S37_`+'O2_\`VK7K->3?M7_\TU_['O2__:M`'K-%
M%%`'DWQ>_P"3I/@]_P!QK_TD2O6:\F^+W_)TGP>_[C7_`*2)7K-`!1110!\Y
M_P#!3CP3XS^+'[.=]X-\&Z+\2]8G\4Q7-A>)X3G\.P0R0R0/&8-0;5Y49;.0
MN`[6/^E`*=C*>ORW\?/V"_C9\8/!_C_X;VG@^ST._P#&NO6OBZW\?V6L6HTO
M3/+\/P6#Z>$:3^T!*)HI(D(@:+[/-N,N[=&?TPHJ8QMS?WK?@U)?=**?X/1M
M/1597B_Y;V_[>5F_5K3[NJ37S-^PS\,?&5E\5?&7CCQ/X#N_A?9ZSX;\/>&[
M/PY=7UC=S"334O!+=9LIIH!$XN8XX\OYA2`%ECX0?17B?1[C7]#GM+35;_1+
MB;;MO;)('GAPP)VB:.2,Y`*G<AX8XP<$7Z*VJU74ES2W.>E25./+'^K*R^Y+
M_.[U/,_BKX`U:S^!'B2UD\<>*+N>*UNKMKR6#3A--&+=@;5@EJL8B)^8E4$N
M3Q(!Q7Y;U^N'QD_Y)#XK_P"P/=_^B'K\CZ_,N//XE'T?YH^KX?\`@GZH****
M^`/H3H-#^%7B3Q+X/U+Q!8:+J%UHNDX^UWD<1,47X]\=3C.T<G`YIMW\+/$]
MA_9OG^'->A_ME@FG^9I\J_;F(!`BRO[PG(X7/45ZCX/T"V\7?L^0-XHET1-"
MT:"].EZE;ZF(K[3[QLNMI);M_KO-90PVID*Q.\8P-V[\8W'A?P;H!M]0\&3>
M)K'Q+;ZE:?9_$`NK;5]MO@W%X\TY:`J0J@,\0.]AL&`:]]951LG-M*T'W;YF
MD]+=M8J[O:Z;3T\]XN>J26\OP6FOKOV^6OBTOP?\76_B.+1Y/"WB--7FB\^.
MQ;39A<R1Y(WB/;N*Y!Y`QP:PM0T^XTF^FM;J":VN;=S'+%*A22-@<%64\@@]
MC7N%[X(T'Q!XSTJ*TUCP_P"%I[K3)+KQ/:Z?XCB:SG(GW)!#--.8WDD`0E#*
MR(0#D;<5YG\;O$%[XK^*VN:EJ"6$=W>W'FLEE>17D$8(&U5EB9D?"X!()Y!S
M@Y%<&,P:HP4NK;7=:=G9?BD]]%UZ*-9SDUY?/]?ZMJ[G*T445YYT'WS^PI\.
MM8\0_LU:+=VGCWQ9H4$DUR%L[&WTQX(\3N"09[223D\G+GD\8'%>ZZEX$U6^
M\8+J<7C7Q-962RQR'288-.-FRJ%W1EGM6GVO@EL2[AN.TKQCS7_@G7_R:AH/
M_7>[_P#2B2O<*_=LF_W"A_@C^2/@<=_O%3U?YGQ]_P`%4=!N[3PYH5_)K>IW
M5I=Z@RQ:;+';BULR(<%HV6(3$L02?,D<98X`&`/BRON;_@J__P`DV\*?]A.3
M_P!%&OAFOS#C#_D9S]%^1]3DO^ZKU?YA1117S!ZH4444`%%%%`!5WPZAE\06
M"J[1LUQ&`ZX++\PY&01D>X(JE5_PO_R,VG?]?47_`*&*NE\:]12V9^K&G_#C
M6;+0]1M)?'_BZ[N+WR_)O9;?2Q/8;6RWE!+-8SO'RMYB/@#Y=IYHT_X<:S9:
M'J-I+X_\77=Q>^7Y-[+;Z6)[#:V6\H)9K&=X^5O,1\`?+M/-=;17]"GYP?F#
M^VYH]QH'[3_B>TN]5O\`6[B'[+NO;U($GFS:0D;A#''&,`A1M0<*,Y.2?*:]
ME_X*!_\`)W?B[_MS_P#2*"O&J_",X_W^O_CE_P"E,^_P7^[T_P#"OR"BBBO.
M.D****`"BBB@`KZ!_P"";_AN]\4?'#5;>Q\0:OX<F30II#<Z=':R2NHN+<>6
M1<0RIM)(/"ALJ.0,@_/U?3'_``2M_P"3A-9_[%V?_P!*;6O9X=_Y&5'U.+,O
M]VGZ'V]KW@_4=7\466H6_BK7]*M+79YNFVL-DUK>;7+'S&EMWF&X':=DB<`8
MVMECO445^WGP@4444`%>3?LH?\U*_P"Q[U3_`-I5ZS7DW[*'_-2O^Q[U3_VE
M0!ZS7DW[#?\`R:WX7_[>_P#TKFKUFO)OV&_^36_"_P#V]_\`I7-0!ZS1110`
M4444`%%%%`&)_P`)5?\`]L?9O^$9UOR/.\K[7YMGY.W=CS,>?OVXYQLW8_AS
MQ7Y8_P#!:*]EO?VO[<RV=Q9^5H%O&OFF,^<HGN,2+L9L*>P;#>H%?K37Y/?\
M%LO^3P+#_L6[7_T=<5PYC_!^9WY=_&^1\@4445X)[H4444`%%%%`!1110!V?
M[.4S6_[0O@.1(I)WC\1:>RQH5#R$7,?RC<0,GIR0/4BOW7@\1WDVAS7;:!J\
M5Q$^U;)I+4SS#Y?F4B8QXY/WG!^4\=,_A9^S1_R<=\/_`/L9-._]*HZ_>FO8
MRSX9'CYI\43$_P"$JO\`^Q_M/_",ZWY_G>5]D\VS\[;MSYF?/V;<\8W[L_PX
MYK\;?^"E%[+J/[;OCV::SN+"22XM]T$YC:2/_1(1R8V9??ACU_"OVMK\6O\`
M@I[_`,GV_$'_`*^;;_TC@J\S_AKU_P`R,L_B/T_R/!****\0]L****`"BBB@
M`HHHH`]__P""75]+IO[=?@:>&RN=0E3[?BWMVC623.GW(X,C*O`.>6'`/4X%
M?L7=^([RWUP6B:!J]Q;EU7[;'):B``XRV&F$F%R<_)G@X!XS^/O_``2B_P"3
M^_`7_<0_]-UU7[,5[>6?PGZ_HCQ,S_BKT_5F3=^([RWUP6B:!J]Q;EU7[;')
M:B``XRV&F$F%R<_)G@X!XS^%G[2__)QWQ`_[&34?_2J2OWIK\%OVE_\`DX[X
M@?\`8R:C_P"E4E1FGPQ+RSXI'$4445XY[`4444`%%%%`!1110!]A_P#!$^^E
MTW]J'Q+/#97.H2IX2N,6]NT:R29O;$<&1E7@'/+#@'J<"OU+\/:Y=:SYWVG1
MM2TCRMNW[6]NWFYSG;Y4K],#.['48SSC\O?^"''_`"=EXA_[%*Y_]++*OU4K
MWLN_@_,\',/XS"BBBNXX0KR;]J__`)IK_P!CWI?_`+5KUFO)OVK_`/FFO_8]
MZ7_[5H`]9HHHH`\F^+W_`"=)\'O^XU_Z2)7K->3?%[_DZ3X/?]QK_P!)$KUF
M@`HHHH`****`"JVKRWD.G2/806US=C'EQW$[01MR,Y=4<CC)^Z<D`<=19HH`
MX/XMWNOM\$O$[3:9H\=T=/NE>--3D>-8?L[Y<.8`2^>-FT`CG>.E?E/7ZX?&
M3_DD/BO_`+`]W_Z(>OR/K\VX\_B4?1_H?3\/_!/U04445\`?0A1110`4444`
M%%%%`'Z%?L!WWB*#]F#0UT_2M%NK43W6V2XU26"0_OWSE%MW`Y_VCGVZ5[I=
MWNO)K@C@TW2)-,+J#/)J4B3A>-Q\H0%<CG`\SG`Y&>/)?^"=?_)J&@_]=[O_
M`-*)*]PK]VR;_<*'^"/Y(^!QW^\5/5_F?(W_``56GOV\&^'$FMK-+!=1?R)D
MN6>:0^3R&C,8"@'."';.!P,X'Q)7W-_P5?\`^2;>%/\`L)R?^BC7PS7YAQA_
MR,Y^B_(^IR7_`'5>K_,****^8/5"BBB@`HHHH`*N^&BP\1:>4"LPN8\`G`)W
M#OVJE5_PO_R,VG?]?47_`*&*NE\:]12V9^M5K?\`B1].NGFTK1([M-GV:--5
ME>.7)^;>YMP4P.1A6R>/EZT6M_XD?3KIYM*T2.[39]FC3597CER?FWN;<%,#
MD85LGCY>M;=%?T*?G!^8_P"W9+>3?M5>*GOX+:VNS]D\R.WG:>-?]#@QAV1"
M>,'[HP21SU/D=>R_\%`_^3N_%W_;G_Z105XU7X1G'^_U_P#'+_TIGW^"_P!W
MI_X5^04445YQTA1110`4444`%?17_!,NXU*W^/&KMI=I8WEP=`F#)=7;VR!?
MM%MDAECD).<<8'4\\8/SK7TQ_P`$K?\`DX36?^Q=G_\`2FUKV>'?^1E1]3BS
M+_=I^A]U:E=:Q%K%NEG8Z;/I[;?/FFOGBFC^8[ML8A8-A<$9=<GCCK6E117[
M>?"!1110`5Y-^RA_S4K_`+'O5/\`VE7K->3?LH?\U*_['O5/_:5`'K->3?L-
M_P#)K?A?_M[_`/2N:O6:\F_8;_Y-;\+_`/;W_P"E<U`'K-%%%`!1110`4444
M`%?D]_P6R_Y/`L/^Q;M?_1UQ7ZPU^3W_``6R_P"3P+#_`+%NU_\`1UQ7#F/\
M'YG?EW\;Y'R!1117@GNA1110`4444`%%%%`';_LT?\G'?#__`+&33O\`TJCK
M]Z:_!;]FC_DX[X?_`/8R:=_Z51U^]->QEGPR/'S3XHA7XM?\%/?^3[?B#_U\
MVW_I'!7[2U^+7_!3W_D^WX@_]?-M_P"D<%7F?\->O^9&6?Q'Z?Y'@E%%%>(>
MV%%%%`!1110`4444`?1'_!*+_D_OP%_W$/\`TW75?LQ7XS_\$HO^3^_`7_<0
M_P#3==5^S%>WEG\)^OZ(\3,_XJ]/U85^"W[2_P#R<=\0/^QDU'_TJDK]Z:_!
M;]I?_DX[X@?]C)J/_I5)49I\,2\L^*1Q%%%%>.>P%%%%`!1110`4444`?9G_
M``0X_P"3LO$/_8I7/_I995^JE?E7_P`$./\`D[+Q#_V*5S_Z665?JI7O9=_!
M^9X.8?QF%%%%=QPA7DW[5_\`S37_`+'O2_\`VK7K->3?M7_\TU_['O2__:M`
M'K-%%%`'DWQ>_P"3I/@]_P!QK_TD2O6:\F^+W_)TGP>_[C7_`*2)7K-`!111
M0`5P'[5OQ3U+X'?LP?$3QIH]FFHZMX3\-ZAJ]G;,,K/-!;22HI'<%E&?:N_I
ML\*7,+Q2HDD<BE65AE6!&""#U%14BY0:6[7];&M"<85(RFKI--KNNWS/F?\`
M8;^*'C#4OB_XX\%>)/'UW\3['2?#OA[Q+::]<V5A:R12ZDEX9;11900Q&%!;
M121[E:4)<#<\G#'Z+\3^)+?PCH<^HW<=_-;V^W<EE8SWTYW,%&V&%'D;DC.U
M3@9)P`2,3X1?`KP1^S_X<FT?P%X-\*^"-(N+A[N6QT#2;?3;:29_O2M'"BJ7
M;NQ&3755T5IQE*\5;^OZUZ[G+1A*,;2=_P"M_GO;97LM$CRCXE_'?1O$'PX\
M06%GI7CV:[OM-N+>"/\`X0G65WN\3*HR;4`9)').*_.O_A17CW_H0?'O_A-W
MW_QJOUKHKY[-\@P^8RC*O*2Y;VLUU]4SU,'F-3#)J"3OW_X<_)3_`(45X]_Z
M$'Q[_P"$W??_`!JC_A17CW_H0?'O_A-WW_QJOUKHKR/]1L!_//[X_P#R)V?V
M]B/Y8_<_\S\E/^%%>/?^A!\>_P#A-WW_`,:H_P"%%>/?^A!\>_\`A-WW_P`:
MK]:Z*/\`4;`?SS^^/_R(?V]B/Y8_<_\`,_)3_A17CW_H0?'O_A-WW_QJC_A1
M7CW_`*$'Q[_X3=]_\:K]:Z*/]1L!_//[X_\`R(?V]B/Y8_<_\S\E/^%%>/?^
MA!\>_P#A-WW_`,:H_P"%%>/?^A!\>_\`A-WW_P`:K]:Z*/\`4;`?SS^^/_R(
M?V]B/Y8_<_\`,^;_`-C#XCP?";]GS2-#\0:#X]T_5+6:X:6#_A#=7EVAYG9?
MF2V93D$'@UZI_P`-'>'O^@=X]_\`"'UK_P"1*[RBOK,+AXT*,*,-HI)7WT5C
MR*M1U)N;W;N?('_!0?7[CXX>"/#]GX6\-^/=4N;&^>:=/^$0U6#8AC(!S);J
M#SZ5\I_\**\>_P#0@^/?_";OO_C5?K717A9EPMA<;7>(JRDF[;-6T]4SOPN;
M5J%-4X)6\[_YGY*?\**\>_\`0@^/?_";OO\`XU1_PHKQ[_T(/CW_`,)N^_\`
MC5?K717!_J-@/YY_?'_Y$Z/[>Q'\L?N?^9^2G_"BO'O_`$(/CW_PF[[_`.-4
M?\**\>_]"#X]_P#";OO_`(U7ZUT4?ZC8#^>?WQ_^1#^WL1_+'[G_`)GY*?\`
M"BO'O_0@^/?_``F[[_XU1_PHKQ[_`-"#X]_\)N^_^-5^M=%'^HV`_GG]\?\`
MY$/[>Q'\L?N?^9^2G_"BO'O_`$(/CW_PF[[_`.-5;T'X*>.;+7+*:7P%X]2*
M&='<_P#"-WQP`P)/$7I7ZP44X\#X%--3G]\?_D0>?8AZ6C]S_P`S@_\`AH[P
M]_T#O'O_`(0^M?\`R)1_PT=X>_Z!WCW_`,(?6O\`Y$KO**^R/$/S@_;"\%^)
M?BG^T9XBU[0?!GCV_P!)O_LWD3_\(MJ,6_9:PQM\KPAAAE8<@=/2O,_^%%>/
M?^A!\>_^$W??_&J_6NBODL3P;@J]:=:<YWDVW9JUV[_RGL4L[KP@H)*R5NO3
MYGY*?\**\>_]"#X]_P#";OO_`(U1_P`**\>_]"#X]_\`";OO_C5?K716/^HV
M`_GG]\?_`)$O^WL1_+'[G_F?DI_PHKQ[_P!"#X]_\)N^_P#C5'_"BO'O_0@^
M/?\`PF[[_P"-5^M=%'^HV`_GG]\?_D0_M[$?RQ^Y_P"9^2G_``HKQ[_T(/CW
M_P`)N^_^-4?\**\>_P#0@^/?_";OO_C5?K711_J-@/YY_?'_`.1#^WL1_+'[
MG_F?DI_PHKQ[_P!"#X]_\)N^_P#C5>X_L`Z7K7P3^,>IZKXG\)>/=,L+C1I;
M2.7_`(134IMTK3P.%Q'`Q'RHQR1CCZ5]]45TX+A#!X:O&O3E)N+NKM6_])1E
M7SFM5ING)*S]?\SBM*^/NA:SJEM9PV'C5)KN584:?P=J\$2LQ`!>1[8(BY/+
M,0H')(`S7:T45]4>2%%%%`!7DW[*'_-2O^Q[U3_VE7K->3?LH?\`-2O^Q[U3
M_P!I4`>LUY-^PW_R:WX7_P"WO_TKFKUFO)OV&_\`DUOPO_V]_P#I7-0!ZS11
M10`4444`?%7[9G[3GC[P/\>O'@\/>.I?#.G_``GT'PYK-OX;BL+"=/&4FIZC
M<V\L5R\\,EPJ;;=8HOLKPL)7)8R#"5]JBN2\8_`/P)\1/'V@>*_$'@KPEKOB
MGPH6;1-8U#1[>ZU#1RWWC;3NADA)P,[&&<5UM--<J7F_ZOO\MET%)-S<KZ67
MX+7;\]WU[G%:K\4]=T_5+FWA^&OC6_A@E:-+F"ZTA8KA02!(@>^5PK#D;E5L
M'D`\5\-_\%#_`-C;XM_M;?'BV\4^&_`&HV.GPZ1#8-'J6JZ;%,9$DE8D".Y<
M;<2#OG@\5^C-%8U:4:D>61M2K2IRYHGXW_\`#I?X]?\`0F6__@ZL?_CU'_#I
M?X]?]"9;_P#@ZL?_`(]7[(45S?V=1\SI_M&L?C?_`,.E_CU_T)EO_P"#JQ_^
M/4?\.E_CU_T)EO\`^#JQ_P#CU?LA11_9U'S#^T:Q^-__``Z7^/7_`$)EO_X.
MK'_X]1_PZ7^/7_0F6_\`X.K'_P"/5^R%%']G4?,/[1K'XW_\.E_CU_T)EO\`
M^#JQ_P#CU'_#I?X]?]"9;_\`@ZL?_CU?LA11_9U'S#^T:Q^2/PA_X)B?''P!
M\6?"^O7O@D2V>B:O:7\Z0ZQ8-*\<4R2,%!G`+$*<9(&>XK],O^%O^(?^B5^/
M?_`O1?\`Y85WE%=%&A"DFH=3GK8B=5ISZ'!_\+?\0_\`1*_'O_@7HO\`\L*_
M/?\`;&_X)^_&;]H7]I3Q3XRT7P+<6NEZW-#)!%>ZOIR7"!((XSN"7#*.4/1C
MQCZ5^HE%%:C&JN604:\J3YHGXW_\.E_CU_T)EO\`^#JQ_P#CU'_#I?X]?]"9
M;_\`@ZL?_CU?LA17/_9U'S.C^T:Q^-__``Z7^/7_`$)EO_X.K'_X]1_PZ7^/
M7_0F6_\`X.K'_P"/5^R%%']G4?,/[1K'XW_\.E_CU_T)EO\`^#JQ_P#CU'_#
MI?X]?]"9;_\`@ZL?_CU?LA11_9U'S#^T:Q^-_P#PZ7^/7_0F6_\`X.K'_P"/
M4?\`#I?X]?\`0F6__@ZL?_CU?LA11_9U'S#^T:Q^8G[$O[!'QD_9M_:=\,>-
M==\"75WI6B_:O/BL-6TZ2X;S;2:%=H>X13AI%)RPX!ZG@_?_`/PM_P`0_P#1
M*_'O_@7HO_RPKO**Z:-&-*/+$YJU:55\TC@_^%O^(?\`HE?CW_P+T7_Y85^9
MOQ>_X)B?''Q_\6?%&O67@D16>MZO=W\"3:Q8+*D<LSR*&`G(#`,,X)&>YK];
MJ*5;#PJI*?0='$3I-N/4_&__`(=+_'K_`*$RW_\`!U8__'J/^'2_QZ_Z$RW_
M`/!U8_\`QZOV0HKG_LZCYG1_:-8_&_\`X=+_`!Z_Z$RW_P#!U8__`!ZC_ATO
M\>O^A,M__!U8_P#QZOV0HH_LZCYA_:-8_&__`(=+_'K_`*$RW_\`!U8__'J/
M^'2_QZ_Z$RW_`/!U8_\`QZOV0HH_LZCYA_:-8_&__ATO\>O^A,M__!U8_P#Q
MZC_ATO\`'K_H3+?_`,'5C_\`'J_9"BC^SJ/F']HUC\[O^"<7[(/Q9_9`^-^J
M^)?$O@#4KZPOM#FTR./3-4TR682/<6\@)$ET@V[8FYR3DCCJ1]N:5\4]=U#5
M+:WF^&OC6PAGE6-[F>ZTAHK=20#(X2^9RJCD[59L#@$\5VM%=-*E&G'EB<U6
MK*I+FD%%%%:F05Y-^U?_`,TU_P"Q[TO_`-JUZS7DW[5__--?^Q[TO_VK0!ZS
M1110!Y-\7O\`DZ3X/?\`<:_])$KUFO)OB]_R=)\'O^XU_P"DB5ZS0`4444`%
M%%%`!1110`4444`%?$W[;W@CPW>_M1ZMJGQ>^%WBKXJ>!IO"%G!X'BTOP9>^
M*HM%UI)[TW;K%:PRFRNI$>R\N\D6-4$;`31G(;[9HJ*D.96VW_%-:=GKH_S5
MT:0GRW5M[?@T_P`;6?E?U/SD_9;\?07/[0'[*FLZDOQ%\:>)[;X<7OAOQ;XD
MLO#NNZSI%GJCC3H!;W%Y'`]E;3+/:WBS[G1HWC)GVEE)ZS]ISPIH?C?]O5Y/
M"G@GQYX;^)F@Z;>F#QM'X%UNXA\0W5SI$UO:Z:FL+:O9P:=$95FD5[F.(7,2
M83>9'K[OHK;%2]LY-Z7Y]M-)MO3M9R?D]+K>ZI3=-)*VB26G9]5LTUI96MTM
MI;\A?%GP,TZW_8U^-">%O@]\6_"^C:O\-=*T=]"L_!6N6U_K_C=8]06YN9;.
MWA\V^.)8!+?.DEM*XB8S2&-63ZIU[XA:%J__``4>^!GBO3O"WQ@D34_!VJV%
M[J%QX!\3K8:<;M[`6<4[2V@@L6)M[@N)/**;0TVW<A/VC16L\0YS4I+9MZ>:
M::Z][1[12CK:YE&+BDD]HVUUZ12;V_EN]KR;EI>P4445SE!1110`4444`)(&
M,;!2`Q''UK\Q?`%AX<^#OCKX2WVN>!?%_@CXUV?C-X?B=\0[[PK?:?9ZO;20
MWB.)]=,0M[VVN97MEMX4N)!$S0*$A:,*OZ=T4HJTU+T_!WMZ/:2V:T8V[PE#
MNFOO35_57NGT:N?'/_!/+6M`@^&GQVT6'PM\6]*T-/%6IZK!%K7A/Q'I%_J6
MGSVT:J]M-?017%S.YAE_U;M,&VDX+H3\YZ#\.?!6O>$=.U9O@MX_B^#>H_$8
M:UXO^&8^$>NP6VF6K:-<6UF[Z9-8HVILUY'#<7)M89T2:5&8L(O/;]4J*J-D
MDM[0A#7M"VK\WRI^3U75$I6YN72\IR].>[=NUFWZJR:/S?\`@?HT_P`'OV@?
MV>(_%/@_XQ'5;7P+K^DZI/;^%O$.J6>CV]W<6ITNS>[@ADM;:5;>%U?;*K1M
M&#*P)1F]B_X)8Z5X/BUGXFZQX/\``WB_X86'B2\L[H>%M5\!:QX8ALQ'&\8N
MG>^M8([N_N"&>XDA:4C$(=W(\Q_KZBJC.U[];K[Y.6O?5O\`,4HWC&/\MORM
M_7HMPHHHJ"@HHHH`****`/$O^"AGAKQ'XL_9<U2S\-V6KZJXU/2YM7T[2BPO
MM3TA-0MWU&VAVE69Y+-9T"J0S;BH.2*_/[]H*V^'DWPO_:,\'?#GP!\0?"'A
M'Q+X#LF\$_#W2?A]KV@W.KZV@U&*[OK;0XK6.<VP^T6"32/`(/-$3OSLD/ZW
M45=&HZ;;75W\^G7LK)I='=[O315-M-O\[_*^S:U<?=V/EO\`;G\8^"O'_P"Q
MEHNH>(?A=XM^)FE:_+!'I^@7?@/6]16WN'AD5+G4])BM)+I8(?F<K-:L5<1E
M5$FQA\K^!_V?[ZU^)WAJTMO"?Q+\3^.--UGP5)X(\?ZQX+U.QN+'PK9VME%J
MT4MY/"K:=)(8=1\VSF:.:4W,6(W^5E_4RBG3J<E1S2WE&5GJO==TOOT;5FXN
M47NFL>7]RJ/3E<?OM=KY+1:V:3[I_F_X&3PCXA_9+^.GA.Y\`^+CI%U\0)=2
MTNW^(?P"\6^,K6[MYQ!Y-R=.E@BNKUMT$V9!(6A?8\G#*'^N_P#@GEX<U7P;
M^Q#\,-&UK2M9T34M'T"WL9+35G+7J")?+1I054HSHJOY;*&C#!"`5->RT5,)
M<L/9KM!>O)'E3?FUZ+R"4?><EM>;_P#`Y<S^2>P4445)04444`%%%%`!7DW[
M*'_-2O\`L>]4_P#:5>LUY-^RA_S4K_L>]4_]I4`>LUY-^PW_`,FM^%_^WO\`
M]*YJ]9KR;]AO_DUOPO\`]O?_`*5S4`>LT444`%%%%`!1110`4444`%<G\>=-
M\1ZU\#O&5GX/N5L_%MWHE[#HLY(`AO6@<0/D\#$A4_A7645G5I\\'!NUTU]Y
MI2J.$XS2O9IZ[:'YJ?!V?X5_##XS^!(]$^'/Q&^$5GJ'@_6-.^(<D_@_6=!N
M_%NI^5:M':BXCA676=4WI=2QSVCW$L@67RY7+X/JW[(WB7P_I_\`P2EO;'Q'
M\.OBIJ.E^%CJ,&H>$Y_!6MV&L:I&;^6XB@ALYX(KBZCDCEB#;%>-E,B/G$BC
M[5HK:K)U(R3Z_<M6]G?17:2_%ZWPI4U"4&KOE^][=>[LKO\`#:WY.ZE\$-`N
MOA=X/M]1^$OCWQ7X`?2/%RZ)X:L_AAK=M9^#/%%[=6MQI\5MI]S9PSVL,$+3
MQ6^HM!#!$RRL)(-^T>T_!AK3P!^V)XTLO&/A[XRSW.I?"/1M,\2ZU:>%/%%U
M:7VJ6OVV:^CM-0@MS&SB*6/8MI(-SMLB!ER@^^:*:E962Z-=]U/[_C=^K48)
MN\;NG=WN]_\`Y*$M%LO@5K:)RF[>]9?-?_!)K5HY?V+-!T@:#XR\-W'AZ]U"
MTEL?$GAG4]!N8P]Y-/$5COX(I)$,4L9\Q`RY)4MN5@/I2BBE.5W<FG#DBHKH
M%%%%26%%%%`!7D'[>OAWQ1XK_9,\7V'A"WU6\U>:*`R6FF3&&^O[-;F)KRWM
MW#(5FEM1/&A#*=SC#`\UZ_14RC=6_KY]UW74J$K-,_*7XOQ_"VT\(_'7PO\`
M#CX;?$7P#X-\5?#`0Z'X+TWX>:_X=F\3^(0]ZAGM-'BM8KB<Q"2V6YE$)C(>
M%I69$#K]:?M!>.?"/B?_`()[:!JGB/X6^-/B/I-S;6=M'X3O/!&M3S37.PP@
MZAI(M'NS:QL&=Q):R`!5=8W;R\_4U%.:4J;IO6[6_DV_7K9.^B22V0W-\\9;
M6OMYQ@O_`&R[5M6Y/J?E/KO[/TTB^'-,M_!7Q)\;:_;>"O#.F?"?Q5?>`]5L
MCX:U"UU"Y_M.1OM,(DT0[/L[$W7DF:W1(U,P78>_^'>O>"?"?PX_:@TW6_@]
M\9?&WA:]\?6^JV&@:K\/?%-ROB>!].TRS$DGVBS>2^M_M4$YF&VX/EQF0QNC
M)N_1FBM9U&W-_P`R:?SE&=_6\5KUNV91C:U^G+Z>[&4?N:D].FVVAXQ_P3V\
M,Z?X*_8]\%Z/I<FNO9:9;RPHFJ^'-0\.RV_[^0F&.QOXHKF"WC),<*N@_=)'
MC(P3[/1115GSS<NXJ<.6*BN@4445F6%%%%`!7S[_`,%'?"]YXI^#_AU)_#^M
M>+O!-IXGL[GQMH.E6,NH76L:*JRB6(6L69+J,3&WDDMT5VEBCD0))NV-]!45
M+5VGV:?EHT[/R=K/R*C*UUW37FKIJZ[-7NGT>I^3_P`1]3\$6?PW^(^@>#O`
MWQ/T70K'XA^%M;\$^`]*\!^(+>XTZSBETZ6^U!-#M[7S+:Q<P714S0)'YT<N
MU1+(`WU-_P`%2G\&_%+]GC0+/7/AYXP\9-XP22WT>ZC\!:WX@C\(M-"K?VI<
MZ=:6LL\5S`N##YD*2K-\@>',CK]=454M8*#ULT]?)1C][45JFK:VZ6<*CBTX
MZ6O^/Z;Z-.]]>M_S0\(_!X7W[4=AJDW@'XGGQK;^+[O4]7\=S>%]5L[J]\#/
MH,L4-JNHK$LF\R/;K_9T;"Y2YC:7R$<>96/;^&_#_P`0/^"5NJ>"=1^'GB2&
MZM_&WB1M+L?&?[/GBCQ3-;I=:EJ5S:3V]H;>*:"5K:>(I?-N2%VVN"^4'ZCT
M5527/2]B]K15^ONVL^VROM;F<I6L^4FG)QE&2Z-ORUYG;O\`;:WORJ,;W7,^
M*_9M35(OV>/`B:WI6HZ'K,?A^P2^TZ_O%O+NQG%O&'AEF4`2R*V0S@`,03@9
MKM:**NM5]I4E4M:[;^\QHTE3IQIKHDON"BBBLC4****`"O)OVK_^::_]CWI?
M_M6O6:\F_:O_`.::_P#8]Z7_`.U:`/6:***`/)OB]_R=)\'O^XU_Z2)7K->3
M?%[_`).D^#W_`'&O_21*]9H`****`"BBN`_:B^*NH_!/X%:[XGTJ&RN+_3/L
M_E1W:,\+>9<11'<%92?E<D8(YQ]*QQ%>-&E*K/:*;?HE<NG3<Y*$=V['?T5\
M>?!3_@I!XA\26/CK5?$^C:.^E>"O"5_XF>+2H)DN;C[+L8Q@O*X^92PZ=<<^
MNEXN_;;\<_LA_L]1_$[XUVW@C7/#NM+:7%K#X6O-/\/2:%Y\;/\`9YY]<U6"
MVO-N$4312122.^%M0,L.;+\RH8RBZ])^ZK*[TU=[?D]=E;5JZOOB,'5HS4)K
M5WM\K7^ZZ\]=$[.WUC17Q-\7?^"QFF3_``>\6ZW\-O">N:A=Z#X;TCQ1:7^M
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M(_X*4>%+[]F?XE_%>\\*^,])\,_#!KG[?!.^F3:C>+`NYS';07LCP.001#>?
M9YAN&Z-<UP'Q:_X+@?"CX"6-Q#XXT;Q5X.\36>JR:9<>'M<O]"TZ\A5+6"[^
MT^?-J*V3QM;W,+K''<M.^XHL)=600VDKO31/Y.UOS5^W6P*+;<4KM7_#?[K?
MEW1]DT5X1\!/^"@GA/\`:-U/QS-X?T'Q8GA+P!$KWWBRZCLUTFZ=K*WOA'`J
M7#73M]FNHI,F!4ZC=NP#R_@K_@JMX/\`%'B'PUI6I>!_B7X4O_&=WI4>@Q:Q
M8V*G5;+4FF6UU%##=RA("86#1RE+E,KN@&X5HZ<E)0:LWRV77WOAT[RLVENT
MF]DV8JM!P=1/W5=M]+1MS/T5TF]DVENTCZ?HKY+F_P""PO@4^*VTVT\#?$[4
M;6R$$NJZG;V>G_9-$@FUF\T9)Y]UXLK)]KLI/EACE?9(C;.'"6OB3_P5N\#_
M``E^&.I>.-?\)^,])\#IJ_\`8.A>(-1OM"TW3_%=X)9HVCM9+K48OLZJUO-F
M2_%K&0GRLVY<YR=E=^GSNE;[W9=WHMF;)7?*M[)_)KFOZ6U?9:NR/JJBO`'_
M`."C/@S6O@%\._'OA+1O$_C]?BK>'3O#&B^'_L,M_J=RD4\LT8EEN8[)1%':
MW#-(UR(R(CL=RR!N)_9M_P""AGB+]K']M6X\*^&?"=]I'PPT?P9;Z[>ZCJNG
MV_VZ:_FO+RT-L634`]OY,UE<1%?LDWF20RGS(D$3SZ>SES.+5K7OY63?Z6TZ
MV1*DG#VBVLG\G)13^]_GV9]:T5\:?#W_`(+:?#_XM^)=?TCPMX#^)/B*]TC4
M[?1;%=-ET*Z77;^=[D1V<3)J9%M<".SN)GBO_LKQ1H#($+HK6=)_X*T:7K/C
MN>&P\'^*=8MKVSTZPTKPS9V5O'XEEU^34=8L[S3Y&FNDLE$']E2DN9EBQ%(P
MED5DI1BY14EL[?BKK[]/O7=7UE2DN>ZMRJ[]+VO?:V^NUE)_9=OL*BOECP3_
M`,%'Y=(_8=T?XN^,_"&KSW>JZ_?:,=(TC[%9O:>5J5W:Q&>6^O(K2WVQVX\R
M26Z6/S,A22R(;'Q"_P""G.B^&M4UW3;3P9XWBCT^6XT6#Q+=6MG)H"Z]'I[7
MHTQS%=&Y+A!@RI";8ME!.6P*SJS4%*_V;W^5O\TEW<DMVD947[3EM]K:_P`_
M\F_2,GLG;Z?HKX]T7_@IUJ?CGXQ?"/PIH/@O57L/%/B2/PYXE\375I$FCK=?
MV!<ZG+:66+K[3YT;I`"\D#0E3(H=G'R_85;U*,H6<NO]7]'NGU5FM&3":E&,
MEU5_Q:^].+371JSU"BBOE7_@II^W)XM_8Q_X0G_A%M.\.W__``DGV[[3_:L$
MTOE^1]FV;/+ECQGSFSG/08QSGFJU%"+E+9&]*FZDE".[/JJBOB;P)_P4_P!9
MN_\`@GKXY^+7BNX^'OAC6]'UK_A'M(FU"9[#0TNIEM$M7NWEGRL0FNLR,)$Q
M&AP5(S74_!S_`(*P>"O&OP%\->)K\'6=3U?P\=0#^&'@O--UK4(=0CTNZL=.
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M^ELXM5U7P]`_V&SN1;3:A'(-3,-[`9<^6MC)<SS*-\<3H0Q]H_:(_P""AOA+
M]FOX@S:'K&@>+M2L]-\)S^.-8UO38K-]-T/2(6=7N)S+<1RM\R`!(8Y7.]2%
MP&*U*+BDWU;7SBFY?<D[]K/JF$=6TMU;\6DOFVTDMW==U?WNBOAZ^_X+\?!:
MS^`-Q\1UM-0N=#TS5GT?5(X/%?A*233I1;K<J1(-9^SW;/"VY8;*6XGRK(8E
M<%:Z[_AXY>Z1XIO&GT2XU^PB?Q)-::9HUG:6UW>VFF-II$S7FH:C;6T#+%>.
MSK(-K@9#Q&/9++TDU+2R;?HDG^4DU\^S*C!RY4OM.R\WKMZ<KO\`+NCZSHKX
M]OO^"W'P>\.?$KP%X2\16_B#PCKOCJQTV^^Q:Y=Z19WFB_V@Q2SCGM6OOM,[
MR,,$V45RD8(,CQJ<UT_[+G_!0BY_:G^-]W96'@OQ#X:\"2^";?Q;HU[KEM;Q
M7FO0S74D<=W`(;J4+;21(K*DZ13@GYT4$"JE%J]]DY)OHG%-M-][1;2W:5UI
MJ0I+EYE_=_\`)FDOQ:OVZZGTW17QKX'_`."UG@GQUI^D7\7PP^,=AI>LZ=I6
MNQWMU8Z5Y4&DZC<FT@U&0)?LXA%R#$R!3/GYUB:+]Y4FN?\`!:[X<:#\0/&'
MA)_"?C2_\5^$-4L=(.D:3J7AW5KK49KS4%T^`(+75)5MBT[QYCO6MI0L@8IP
MVT4)<ZII>\VTEU;32:2W;3=FN]UT=BH_9J3GHHVO?97VN_-:KNFGLU?[&HKX
MK\6?\%GO"K?$7QEX'TKPEXUT_P`1^!;)K[7+N>+1-5M]$\J:UCFM[JUMM76Z
MBE+W(BC:14CE97DB::)"Q]/_`&<?^"CWA;]I;XMIX2TWPGX\T)[Z+69=*U35
M[:S2PUH:3J"Z??B`PW,LJF*=X_\`71QAU<%2V&"N$)2Y7%7YDVO-*[;7EH_N
M$Y)-Q>ZW7:_]:]M;[,^A:***@H****`"O)OV4/\`FI7_`&/>J?\`M*O6:\F_
M90_YJ5_V/>J?^TJ`/6:\F_8;_P"36_"__;W_`.E<U>LUY-^PW_R:WX7_`.WO
M_P!*YJ`/6:***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBOS6^!/_``6/
M^)WQ/^-_@WPUJ&A>`X;#Q%KEEIES);V5VLR1S7"1L4+7)`8*QP2",XX/2L:M
M>--I2ZFU*A.HFX]#]*:*^.?%G_!0'Q5H7Q1M]7N]1\)^&OAF?'<O@**RN_!N
MNZK?ZC<0W:64L\NJV9:TTO?/)B".YMW6;:H\Z/>3'8G_`."L6E>+='\.3Z'X
M1\4^&CXHO-$U#1KGQ390+;>(_#][JEM92ZC:"UNI'CPERC+'=+#,OF1EH2"1
M712BZBA*.TFDO5I-7>R]U\UMU%-M*SMA7?LE-STY;W^3:?\`Y,G&^SE9)NZO
M]?45\T?LH_M_W?[6?QYFTS3?!FO^&?`UWX,MO%6B7VNVT$5YKL4]W)'%=PB&
MZEV6TD2JRI.D4X)^=%!`KB+W_@MSX!TZQT::X^'/Q;BD\7O&GA.`VFE&7Q:Q
MU*'3)!:@7^$\J[N8$;[28,K('3>H+`C"3E&"3YI725M;IN+5M[WB]-]'IHPD
MU'GN](V;?2S2E?TLUKL?9U%?,GB/_@J=X-\">(;^+Q+X-^(OAWP[H]S)I6I^
M)KJSLI=*T[58K$WTVFOY%U)<--'"K`RQPO;%UV+.S8!Y;X._\%66\<_M5#P%
MXE^'GC'P7;>(X=-'AJWU.UL_[0WS:?JFH2S7;07LT0A>#3QY83]XKN5D53G8
M*-TY+9*[?D]5]ZU7>.JT:9,ZBC;FZW2^6C^YJS[/1V>A]B45\EQ_\%9--\;_
M``AU/QC\/?A)\3_'VFZ/X5B\3ZC-;RZ-I\&D&;3AJ$%I<M=7\<AF:!HR3;1W
M"IY@R2>*B\)?\%2VU&_@T^[^&7Q$O?&.O0:;<:3X'TVSTIM5B6XL9;N0O>OJ
M?V&54CA>3>TEOA7C0*\AVA3BXN49:.-K^5VTO_27KM97V:O=3]W*,9Z.5[?*
MS?YK[SZYHKY5\%_\%=/`/Q"\<Z+I>C^$?B1>:1JUWH^GW'B$Z?:0Z=I%SJJ9
MLH;A)+I;H,\F8F\N"0(X^8JA#GZJI\KMS=+M?-6NON:?HT]F3SJ_+?6R?R=T
MG]Z:^3"BBBI*"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*\F_:
MO_YIK_V/>E_^U:]9KR;]J_\`YIK_`-CWI?\`[5H`]9HHHH`\F^+W_)TGP>_[
MC7_I(E>LUQ'Q<^!-A\8-5T6_N-8\1:)?:!Y_V2XTB[6VE7SE17RQ1CT3'!'#
M,#G-<[_PRA_U4KXL_P#A0_\`VN@#UFBO)O\`AE#_`*J5\6?_``H?_M='_#*'
M_52OBS_X4/\`]KH`]9K&^(/P^T?XI^$+S0=>L_M^DW^SSX/->+?L=9%^9"&&
M&53P1T]*\_\`^&4/^JE?%G_PH?\`[71_PRA_U4KXL_\`A0__`&NIG",XN$U=
M/1I[-#C)IIK1HU/AW^R;\/?A3J5[=Z%X<AM9M1LWT^Z$MU/<QSV[E2\;)*[*
M02JYXZ#'0FN`/_!+/X)_V';:>OA[Q-'!IUTMUIDB>-M=2YT3;')&(+&<7@EL
MK7RY98_LMLT<!21E,94D5U?_``RA_P!5*^+/_A0__:Z/^&4/^JE?%G_PH?\`
M[76=##4J,7"E%13Z))+\"ZE6<W>;;]3EK7_@EQ\$H+..UE\-:_J%C;:-!X?L
MK+4/&&M7UGI5C";8I!9P37;QV@)L[8N8%C:0Q#>6R<^@:]^RIX!\3>#/&WA^
M^T`3Z3\1-0.JZ_%]MN$:[NS'#&)TD60/`ZK;P%6A9"C1JRX;YJR/^&4/^JE?
M%G_PH?\`[71_PRA_U4KXL_\`A0__`&NNB4G*_,[WNGZ-IM?-I-^:3W,E%)J2
M6J=UY-)I/U2;5^S:,*S_`.";7PDMO$.D:M/IGC#5;_1C"5EU;QUKVI_VB89F
MGMVOEN+QQ?M!*Y:%KL2F`A?+*;5Q)IG_``3C^$VF6Z_\2SQ;>:@FNVWB5=7O
M_&^N7VLI?6\3PPN-0FO'NQ&L,DL?DB7RBDLBE"KL#L_\,H?]5*^+/_A0_P#V
MNC_AE#_JI7Q9_P#"A_\`M='.^_G^*?YI/U28_P"OP:_)M>C:ZG&_%'_@FQX.
M\3_LL_%GX;>&M1\0:)=_%W39+'5/$&N:UJ7BK4-QB\J-FEO[IYW2-<A8A,J+
MD[=N23IP?\$V/A+;^&(]/CTSQ;;7B7TFI-KEIXWUVU\0//)%'"Y.JQWBWQC:
M*&*/RC/Y82*-`NU%`W_^&4/^JE?%G_PH?_M='_#*'_52OBS_`.%#_P#:Z.9V
MMZ?AM\E96[6%;6_K^._W]?\`@G3?#W]GSPA\+H/%46C:2T:>.+\ZGKOVJ[GO
M3J=P;6&T:20SNY^:"WB0@8!VDD%F8GS73O\`@F)\%M*\&7^A0^'->%K?36<R
M73^+]9DU+3?L;L]I'97K79N;&&!G<QPVLL4:>8^U0&;/2?\`#*'_`%4KXL_^
M%#_]KH_X90_ZJ5\6?_"A_P#M=+F=[WZ)?*/PKT73MT!*RLMM?QW^_KW,SPW_
M`,$Z?@WX1TO4;+3O!Y@MM6L;?3KM3JU](9H(-1GU*)"6F)!6\N9Y=P(8[]I)
M0*HCF_X)T?"B2TUJV33/%EK::U?_`-J?9K7QMKEM!I-YYCR&YTZ..\5-,F9I
M9"TED(&;S'!)#$'7_P"&4/\`JI7Q9_\`"A_^UT?\,H?]5*^+/_A0_P#VNE)W
M=WO_`,&_YZ^HU_E^"LON6B\M"YX]_9!\#?$[X5Z!X/UR'Q1?:=X7FCN=*O\`
M_A+-6BUVQF1603)JJ7(OQ*4D=&?S]SH[*Q96(-WX8_LN>!?@KJ\VH^$]!AT.
M_GT2T\.F6*>:0?8K62XE@0H[LI99+NX<R$;W,I+LV!C&_P"&4/\`JI7Q9_\`
M"A_^UT?\,H?]5*^+/_A0_P#VNG)MJ2;^+?SZ:_(:=DDMDK?*][>ETG;NKGA_
M[-O_``2-C^&7A'4O#7C_`.(WB+Q]X87[*=#L;'4M>T:30I;=V,=W!,VK7#V=
MSM8QYTPV,&PLH@52%'K.J?\`!.'X-ZMX:ATMO"EY:16T-I#!=6.OZE9:C;M:
MW%S<Q3QWD-PMPESYUY=.UPL@FD,\F]WS6O\`\,H?]5*^+/\`X4/_`-KH_P"&
M4/\`JI7Q9_\`"A_^UTW)[>C^:V?JNCZ+1:`Y.[E?5WO\W=_)M7MM?7<CUC]A
MGX<:M\!K3X91V/B?2/!5E<SW2V.C>+]8TB69IWFDF26XM;J.>:*1YY2T4DC1
MG<,K\JXH0?\`!.SX/6WC:37HO"<\-Q)`8191ZWJ":3$QM/L9N(]/$_V2.Z^S
M9A^TI")]A*^9@FM/_AE#_JI7Q9_\*'_[71_PRA_U4KXL_P#A0_\`VNI;O=O[
M6_GZ]Q1TY;?9V\O3L4?#O_!/CX1^$OBOIOC73?#%Y::]I%W'J-GLUW43907:
M636(NA9F?[-YYM7,32F+>ZA=S,54CV>O)O\`AE#_`*J5\6?_``H?_M='_#*'
M_52OBS_X4/\`]KJI3D[)N]A**6R_K^F_O/6:\[^/?[*/@#]I[^R?^$YT#^W/
M[#\[[%_IUS;>3YOE^9_J9$W9\M/O9QMXQDYRO^&4/^JE?%G_`,*'_P"UT?\`
M#*'_`%4KXL_^%#_]KK.45)6DKEQDXN\78F\!_L5?#+X9:5H=CH?AIK*S\.:\
MWB;3X3J5W*D.HM:M:F<AY6WD0L5"ON13A@H<!@:S^Q1\,/$'C+3O$%[X72?5
M=)\32>,;20WUT$AU62%(7N!&)-A#+&C&(J8_,19=GF`/4/\`PRA_U4KXL_\`
MA0__`&NC_AE#_JI7Q9_\*'_[73@E&W+I;_-/\XI^J79"J-S^/7UU[K\I27_;
MS[LSM+_X)[?"K1U>&'2/$;Z:-6L=<MM)G\7ZQ/I&F7=E=+=VSVEB]T;:T5)U
M5O+MXXT;&UE9>*X/]I#_`()-_#WXR:9XJU#PW+J?@[QMXCN#?1:LVKZM>6.G
MW#WEM>7$D-BE]#';&XEM(6EDLVMIRPWK*D@$@]-_X90_ZJ5\6?\`PH?_`+71
M_P`,H?\`52OBS_X4/_VNFM$DME^MK_?RI/NDD]$.,VI<ZWT?W7M]UW;M=]SB
M/A=_P3DTK3OAWX;LOB!XO\:^,?%WAN6X:W\2:9XK\0:%>I!-*LALOM":E+?3
MV@95(AO+RY!*@DG"@>L>-/V;?`_Q&\6:KK>O>'K75M0UOP[)X3OS=2220W>E
MR2&1[9XBWEE6<DEMN[G&['%<]_PRA_U4KXL_^%#_`/:Z/^&4/^JE?%G_`,*'
M_P"UTY/FM?I?\4T_O3:;ZW=]V9P@H_#Y?@[K[FDUV:5MD<OXD_X)@_!_QGX+
MM=`UNR\?ZW864ET87U'XC^)+R\2*YA2&XM/M,E^TYLY8XT#VA<V[%03&3S6I
MX_\`^"=/P?\`B;X?ETO5_"]\UK*EXA-GX@U*QG47;VKW&V6"X21=[65MRK`C
MR\#`9PVI_P`,H?\`52OBS_X4/_VNC_AE#_JI7Q9_\*'_`.UTF[ZOT-%)Z:[;
M>5][=MV0:=^PI\/-)\6:'KMN/'46KZ#;Q6HNO^$]UXR:M%$S-$FI9O/^)F$W
MN%^W>?A791\I(J;X"_L-?##]F;5+R\\%Z!?:9->6']DXGUS4+^.ULA(TBVEO
M'<3R);VZ.S%(80B1@D*JCBE_X90_ZJ5\6?\`PH?_`+71_P`,H?\`52OBS_X4
M/_VNFW>]^M_QO?[[N_>[(44E9+M^&WW=.W0HZ+_P3V^#_AWPU::/9^$/)TZQ
M\/6'A6&'^U;UMFFV-T;NU@W&8L=DY+[R=[=&9EXK*TO_`()B_!/1_%+:S%X5
MU.2\&I0ZM"MQXGU:XMK&>'4$U*/[-!)<M%;1"\19O)A1(BV[*$,P/1_\,H?]
M5*^+/_A0_P#VNC_AE#_JI7Q9_P#"A_\`M=.,VIJJG[R;:?5-N[:?=O5OOJ%1
M>T4HSU4K7OK>R25^]DDEV21X]X"_X):W.D_&OQUJOB?XC:IXE^'GC:\U&^G\
M'QR:M9V\DEY=?:B)E.IR62^5)DJ]G8VDK=97E+.7]Q^&W[(7P[^$7B#1=5\.
M^'O[.O\`PZFL1Z?+]ONIOLZZM>I?:@,22,&\VYC1_F!V8VIL4E3G_P##*'_5
M2OBS_P"%#_\`:Z/^&4/^JE?%G_PH?_M=$)N,8QB[**LO2S7Y-KT=MAM7G*H]
MY.[?=L]9HKR;_AE#_JI7Q9_\*'_[71_PRA_U4KXL_P#A0_\`VNI`]9HKR;_A
ME#_JI7Q9_P#"A_\`M='_``RA_P!5*^+/_A0__:Z`/6:\F_90_P":E?\`8]ZI
M_P"TJ/\`AE#_`*J5\6?_``H?_M==;\'_`(/V'P8T*_L+"_U?4O[2OY-2N+C4
MIEFGDF=45B655SG8#D@DDDYH`ZRO)OV&_P#DUOPO_P!O?_I7-7K->-Z%^QE8
M>%]*BL-,\>_$[3K&#/EV]KK:PQ1Y8L<*L0`R22<#J2:`/9**\F_X90_ZJ5\6
M?_"A_P#M='_#*'_52OBS_P"%#_\`:Z`/6:*\F_X90_ZJ5\6?_"A_^UT?\,H?
M]5*^+/\`X4/_`-KH`]9HKR;_`(90_P"JE?%G_P`*'_[71_PRA_U4KXL_^%#_
M`/:Z`/6:*\F_X90_ZJ5\6?\`PH?_`+71_P`,H?\`52OBS_X4/_VN@#UFBO)O
M^&4/^JE?%G_PH?\`[71_PRA_U4KXL_\`A0__`&N@#UFBO)O^&4/^JE?%G_PH
M?_M='_#*'_52OBS_`.%#_P#:Z`/6:*\F_P"&4/\`JI7Q9_\`"A_^UT?\,H?]
M5*^+/_A0_P#VN@#UFO"/"'_!,[X(^`_%FEZ[I/@G[)JNBW<5_9S_`-L7\GDS
M1.'C?:TY5L,H.&!!QR"*WO\`AE#_`*J5\6?_``H?_M='_#*'_52OBS_X4/\`
M]KJ)0C*W,KV+C4E'X78A\7_L'?"WQS\5AXRU'0=2?5GU"#5KBU@\0:E:Z1J-
M[!M,-W=:;%<+974\9CC*RSPNZF*,@Y1<4/`O_!.CX/?#FWDATSPM>M";FSN8
M([[7]2U!-.6TN5NK:WM5N+AQ:VD<RJXM8-D'&/+QQ6K_`,,H?]5*^+/_`(4/
M_P!KH_X90_ZJ5\6?_"A_^UUI%N*26EMO(B?O)J6M]_/^KL7]G_\`8@^&?[+N
MM7.H>!]"OM)NKBQ&EKY^MZAJ$=I9B4RI:6\=S/(EO;H[,4AA"1Q@D*J@XKS#
M]G?_`()&?"WX->"=%M-=M]2\;>(=&OHM1BU6]U;4DBMYH=2_M&'[+:M=216:
M"X2%WC@"I,T*M(K]*]._X90_ZJ5\6?\`PH?_`+71_P`,H?\`52OBS_X4/_VN
MG&<HR4XNS6SZK6^G;5WTZZDSBI<RDK\V_GZ]]NI!KO[!/PH\3_%74_&6I>%Y
M=0U;6#+)>6MQJ]]+I$TTML;66Y_LUIC9"Z>W9HFN!")BC,I?!(/,:=_P2L^!
M^EV,,4/AKQ%]HMI[6>"_?QGKDFI0&UCN(H$2\:\-PD2PW5Q#Y2R!&AD,3*8P
M$'7?\,H?]5*^+/\`X4/_`-KH_P"&4/\`JI7Q9_\`"A_^UU*T7*MM%\EJE\GM
MV*D[ZOS_`!W^_J8_A;_@G'\(?`U[8R:)X?UO2+6QT2/PZVG67BK5X-+U"QCM
M6M(XKRR6Z%M>LD#&-9+F.1U`7#`JI%27_@F1\&Y/#EMIRZ)XI@>R6U2VU.#Q
MMKD.LVZVT,L$*IJ*7@O$40S21D"8!T;:VY0`.C_X90_ZJ5\6?_"A_P#M='_#
M*'_52OBS_P"%#_\`:Z<I.5V];Z_BW^;;]6WU"6K4GNMO*Z2_))>B0FA?L*_"
M?PPFS3?!]KI\(N]&OEAMKNYBB2;2`HTYE19`JB':OR@!7Q\X?FO6J\F_X90_
MZJ5\6?\`PH?_`+71_P`,H?\`52OBS_X4/_VNFY-W3?6_S:2OZV25^R78E0BG
M=+I;Y*[MZ7;?S?<]9HKR;_AE#_JI7Q9_\*'_`.UT?\,H?]5*^+/_`(4/_P!K
MJ2CUFBO)O^&4/^JE?%G_`,*'_P"UT?\`#*'_`%4KXL_^%#_]KH`]9HKR;_AE
M#_JI7Q9_\*'_`.UT?\,H?]5*^+/_`(4/_P!KH`]9HKR;_AE#_JI7Q9_\*'_[
M71_PRA_U4KXL_P#A0_\`VN@#UFBO)O\`AE#_`*J5\6?_``H?_M='_#*'_52O
MBS_X4/\`]KH`]9HKR;_AE#_JI7Q9_P#"A_\`M='_``RA_P!5*^+/_A0__:Z`
M/6:*\F_X90_ZJ5\6?_"A_P#M='_#*'_52OBS_P"%#_\`:Z`/6:*\F_X90_ZJ
M5\6?_"A_^UT?\,H?]5*^+/\`X4/_`-KH`]9HKR;_`(90_P"JE?%G_P`*'_[7
M1_PRA_U4KXL_^%#_`/:Z`/6:\F_:O_YIK_V/>E_^U:/^&4/^JE?%G_PH?_M=
M%M^R/8?V[I%_?^-/B'K7]BW\.I6]OJ6KK<P>=$VY25:/ZC((."1D9H`]9HHH
MH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
MBBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHH
4H`****`"BBB@`HHHH`****`/_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>78
<FILENAME>p6goldprodvolumn.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 p6goldprodvolumn.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X0!F17AI9@``34T`*@````@`!`$:``4`
M```!````/@$;``4````!````1@$H``,````!``(```$Q``(````0````3@``
M``````!@`````0```&`````!4&%I;G0N3D54('8U+C`P`/_;`$,``@$!`@$!
M`@("`@("`@(#!0,#`P,#!@0$`P4'!@<'!P8'!P@)"PD("`H(!P<*#0H*"PP,
M#`P'"0X/#0P."PP,#/_;`$,!`@("`P,#!@,#!@P(!P@,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#/_``!$(`54!
MK`,!(@`"$0$#$0'_Q``?```!!0$!`0$!`0```````````0(#!`4&!P@)"@O_
MQ`"U$``"`0,#`@0#!04$!````7T!`@,`!!$%$B$Q008346$'(G$4,H&1H0@C
M0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I*C0U-C<X.3I#1$5&1TA)2E-45597
M6%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJ
MLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:X>+CY.7FY^CIZO'R\_3U]O?X
M^?K_Q``?`0`#`0$!`0$!`0$!`````````0(#!`4&!P@)"@O_Q`"U$0`"`0($
M!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R@0@40I&AL<$)(S-2\!5B
M<M$*%B0TX27Q%Q@9&B8G*"DJ-38W.#DZ0T1%1D=(24I35%565UA96F-D969G
M:&EJ<W1U=G=X>7J"@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>X
MN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR\_3U]O?X^?K_V@`,`P$`
M`A$#$0`_`/O7_@O#_P`%:O$O_!)GP#X<\5Z-H?\`PD]KK6H6VDMI_P!LBLO+
M>6.^E,WFO;S$X%J%V;0/FSD8P?S(_P"(UCQW_P!$B_\`+IM__E97T!_P>K?\
MFL^`?^QJT[_TCUBOYP:`/V^_XC6/'?\`T2+_`,NFW_\`E91_Q&L>._\`HD7_
M`)=-O_\`*ROR6\+_`+$_Q*\7>&-%UBWT*QL[/Q(I;2%U/6[#3;C50.]O#<31
MRS`]BBG.1C.15;P/^QY\1?B#H]_J5EH$5GIVFZ@=)N+O5M3M-(MUO`VTVZR7
M<L2O*&XV*20>U<[QE!-IS6FCU6CO;7YZ>II[*=D^5Z[:?/\`)-_(_7+_`(C6
M/'?_`$2+_P`NFW_^5E'_`!&L>._^B1?^73;_`/RLK\E)?V*/BC;:]XOTN?PC
M=VM_X$T[^UM;BN+F"$VEI@MYREG`E4@$CRB^<<9J'X7_`+'WQ`^,7P^;Q7H>
ME:8?#JZB-)%]J&NZ?ID3W9"D0K]IGC+.0RX"@Y)P,D&DL90Y>;G5M-;KKM]_
M3OT&Z%1.W*^O3LKO[EJ^R/UQ_P"(UCQW_P!$B_\`+IM__E91_P`1K'CO_HD7
M_ETV_P#\K*_&/XC_``D\2_"+QW<>&/$NC7NC:]:LJ26=PN'^8`J01D,K`C#*
M2#V->B?$+_@GS\7OA;HFJZAK/A.-(="2&34H[35[&^N-/2;_`%3S0P3/)&K=
M0S*!@$YP*;Q=%*+<U:6VJUVV[[K;NNXO8SNX\KNM]-O4_5C_`(C6/'?_`$2+
M_P`NFW_^5E'_`!&L>._^B1?^73;_`/RLK\IOB)_P3^^+7PKT+6]1UKPO;Q0^
M&X([K58K76K"]NM-AD&4EF@@G>6-"`3N9`,`G.!5/P+^PW\4/B-X?T34],\.
M6ZV_B4.='COM8L=/N=7"#+&V@N)DEF&!G,:MGMFH6/PSCSJI&W>ZMM?>_;7T
M*>'JW2Y7KY,_67_B-8\=_P#1(O\`RZ;?_P"5E'_$:QX[_P"B1?\`ETV__P`K
M*_)7P9^Q5\2O'7A_6M5M=`M;'3_#FIC1M2GUC6+'2%L[P[0(&^US1'>2RC`[
MD#KQ2P?L1_%.?Q]X@\+GPA=PZ[X7TMM:U&VGN;>#RK)0,SH[R!)4YX\LMGG&
M<&F\=ATVG4CHKO5:*R=_2S3]&@^KU=N5[VV>][6];Z>NA^M/_$:QX[_Z)%_Y
M=-O_`/*RC_B-8\=_]$B_\NFW_P#E97X[V?[.?C74?A#:>/+;0IKGPM?ZJ-$M
M[J*>)Y)KTC(A6$-YI)['9@GC.:ZG7OV$/B=X5DFCU72-#TN6S\K[;'>>*-*M
MWTL2C,9NU>Y!M0_13,$#,0HR2`:EBZ$7:4TM;;K?33UU7WKN3&C4DKJ+?7;I
MJK_>FODS]7_^(UCQW_T2+_RZ;?\`^5E'_$:QX[_Z)%_Y=-O_`/*RORRO_P#@
MG)\7=,\6Z1X?GT+0%U[7T673=.'BW1VN[V-E9EECB%T7:,A&.\#;\IYKF/"7
M[(7Q"\:0:]/::);6UCX8OSI>I7VHZM9Z;8V]V'V&`7%Q+'$\F[C:CD\@]",S
M''8:2O&I%_-=[?GIZZ#="JMXO[GZ_EJ?KI_Q&L>._P#HD7_ETV__`,K*/^(U
MCQW_`-$B_P#+IM__`)65^47A_P#8#^+_`(G^+M_X#L_!5Z_BK3;$:G-9R7=M
M"IMBRJ)DE>012(2P`*.V3G&<'''ZC\`?%^D?#&^\976C26_AW3=9;P_=7,D\
M2O#?!=Q@,1;S,@=]NWMG/%..,H2^&:>W5=79?>]%W8>PJZ^Z]/)]%=_<M?37
M8_8W_B-8\=_]$B_\NFW_`/E91_Q&L>._^B1?^73;_P#RLK\<O%7P!\7>"_!G
MA/Q#J&CO'HWCD2'1+F*XAG%\4<(ZXC=F1@S`;7"MGMP:ZI_V%OBE;^+?$>B7
M'AJ"SN_"$<4NM37>KV-O8Z6)4#QB6ZDF$"L5(.TR;O:G+%48ZRFEOU71V?W-
MI/LW9BC2F[63UM^.WW].Y^L?_$:QX[_Z)%_Y=-O_`/*RC_B-8\=_]$B_\NFW
M_P#E97Y/P?L&?%JY^*-GX,C\(3/X@U+3WU6SC%_:?9[RU49::*X\WR)%`Q]Q
MSUKDOA_\`/%WQ2\*^+-;T'2/M^E^![47NMS?:H8OL4)W8;:[AG^XW"!CQTZ4
M+&4'%R4U9)/=;-V3]&TTO-6'[&I_*][;=;7MZV:?HS]C?^(UCQW_`-$B_P#+
MIM__`)64?\1K'CO_`*)%_P"73;__`"LK\DO!G[%WQ,^(6A>#M3T?PR;VQ\?W
M<]CH,@U"U3[=-"',BX:0&/:(W.9`H.W@GBF/^QK\3(_CZGPO/A6Y_P"$YD7S
M%TT7,!!3RO-W^=O\G9LYW;]O;.>*'BZ',X<ZNKMJZNK;W].O;J)49\O-RNVF
MMN^WW]#]</\`B-8\=_\`1(O_`"Z;?_Y64?\`$:QX[_Z)%_Y=-O\`_*RORD/[
M`GQ6@N_%D5WX>T[2U\#W,-IKD^I>(--L;;3Y9D5XU:::X2-MP9<%6(RP'4XJ
MIX6_8A^)7C:PN[S2M'TF]L+6^&EB]C\0Z;]DO+HH'$%M,;CR[F3:?NP,YR".
MH(J%C\-:_M(VT>ZZVMUZW5N]UW*>'JK[+ZK9[J]U\K._:S/UF_XC6/'?_1(O
M_+IM_P#Y64?\1K'CO_HD7_ETV_\`\K*_$^Q\-:AJ7B2'1X+2>35+BY%G';!<
M2-,7V"/!_BW<8]:]&\9_L3_%#X??&?0_A[J_A:6T\7^)51]-L1?6T@N@S,H(
ME20Q#YD8'<XQCG%;3KTXM*4DF[VUWMJ[=[=2/9R][3X=_+IKVU/UJ_XC6/'?
M_1(O_+IM_P#Y64?\1K'CO_HD7_ETV_\`\K*_)+6OV+_B;X<\6>,-#OO"\MKJ
MG@'3?[8UV%[RV'V.TVAO-#>9ME&".(BY]N#6Q8_\$\_B]J6E:5=6_A>UGDUW
M3!K.G62:YIS:C>V94,)H[3S_`+0RX(SB/(Z$`UB\?AE%2=2-GUNNJOW[)OT1
M:P]7F<>5W72S\O\`-?>NY^JO_$:QX[_Z)%_Y=-O_`/*RC_B-8\=_]$B_\NFW
M_P#E97XL>$O`&M^._&EIX<T?2K[4==O[C[+!8PQ%IWES@KMZ@C!SG&,$G`!K
MK/B=^RMXZ^#]O%+KFDV:I)J']DL;#5K/4C!>8S]FE%M+)Y4V,G9)M;@\<5M*
MM34E!R5WLKZOT[D*G*S=MM_+U^YGZ]_\1K'CO_HD7_ETV_\`\K*/^(UCQW_T
M2+_RZ;?_`.5E?D5\7?V0?B1\"?&^A>&_%/A:ZT[6_$RJ=,M8YX;IKPM)Y853
M"[C=OX*DAAD9`R*U=7_80^*FB>+])T&;PY:OJ^MZC_9%M;P:U87!2\\OS/L\
MQCG802[/FVRE#BLUC<.XJ2J1L[VU6MM[=[=>PY4:B;3B]-]-KJZ^]:^A^L'_
M`!&L>._^B1?^73;_`/RLH_XC6/'?_1(O_+IM_P#Y65^0EG^RGX^O[/Q[<0Z#
MOA^&+F/Q*WVVV']FL'=".9/WOS1N/W6_I[BL_P"$/[/OB_X['56\,:0+VUT*
MW^U:E>7%W!8V6GQ<_--<3ND48.#C<XS@XZ&J^LT;.7.K*S>JT35TWVNFFNZ!
MT:B?*XN][;=5NO5=C]B_^(UCQW_T2+_RZ;?_`.5E'_$:QX[_`.B1?^73;_\`
MRLK\D],_8N^)6K>)]6TJ'P[&'T.QCU*^O9-3LXM,M[609CG-ZTHMC&X!VL)2
M&VMC.#A][^Q'\4[+XB:#X6_X1&ZN=8\46YO-)^RW5O=6FH0JNYI8[F.1H&11
MR6$F%!&<9&9^NX>]O:1VONMK7OZ6U]!^QJ6ORO[O3_-?>C]:?^(UCQW_`-$B
M_P#+IM__`)64?\1K'CO_`*)%_P"73;__`"LK\FK/]B/XBW_C*QT"*P\.'5-5
MC273T/BO25BU,.YC"VTIN?+G?>I4I$S,IQD#(JQ<?L%_%"W\;WOAP:+HTVLZ
M7!-=:E!!XFTN<:3%#M\Q[MTN"EJ!N'^N*9YQG!Q/U_#?\_([-[K9;O?9=1_5
MZNW*^G1]=OOZ=S]7?^(UCQW_`-$B_P#+IM__`)64?\1K'CO_`*)%_P"73;__
M`"LK\;O$?P,\4^$_B?9^#;[2U3Q%J,MO%:6\5U#/'=&?;Y)CF1VB='W+AU<K
MSUKL_B)^P3\5_A9IUQ=ZQX7B$%EJ,6DW9LM7L=0-C=2[/+AG%O,YA9MZ8\P+
MG>OJ*MXJBN6\U[VVJUV6G?5I:=T3[*>ONO35Z;:-Z_)-^B9^KW_$:QX[_P"B
M1?\`ETV__P`K*/\`B-8\=_\`1(O_`"Z;?_Y65^3_`(O_`&%OB5X$\8V_AS5-
M-\.P>)+J\M["/1T\5Z3-J)FG91$IMDN6E`.]3N*A0IW$@<U4^+7[%?Q*^"'A
M:^UOQ%X?MX=+TJ^&F7]Q9:O9:DNG7)`(AG%M-(87Y'$@7D@=2*F..PTN7EJ1
M?-MJM=MM==U]Z[E/#U4VG%Z;Z/3?_)_<^Q^M?_$:QX[_`.B1?^73;_\`RLH_
MXC6/'?\`T2+_`,NFW_\`E97X]_"O]FWQG\9_#^JZQH.E0-HFAE%O]3O]1M=,
ML+5F^ZC7%S)'$&/'R[L\CCD5T4/["7Q8G^)]SX-'A"X7Q#;:6^MF![VV2*6R
M7&9XIC((I4R0,QNV3G&<&JJ8RA"3C.:36K3:T25VW\M?344*%223C%M/R\[?
MGIZGZQ?\1K'CO_HD7_ETV_\`\K*/^(UCQW_T2+_RZ;?_`.5E?C_X)_9?\=?$
M;X<+XMT70C?>'WUF'P^MT+RW0F^F*".'RV</\QD3YMNT9Y(P:Z#6/V#/BSX?
M^+-UX&O?",MOXHLM)?7);-M0M-OV)!\TRRB7RV`P1A6+9!&,TIXRA!N,II-7
MO=K2R3?W)IOLFGU"%"I)7C%O;IW=E][T7GIN?K!_Q&L>._\`HD7_`)=-O_\`
M*RC_`(C6/'?_`$2+_P`NFW_^5E?D;\/OV/?B)\3_``79^(M)T*W71M3NC96%
MS?ZK9Z:-3G&<Q6RW,L;7#Y!&V(,<@CJ,5<O_`-B3XC:)X)TSQ#JVFZ#H&E:U
M'+)8OK/B?2]+FNA$VV0)#<7"2EE/!7;GD<<C)/&X>,G&52*:=MUOV]0A1J2^
M&+?78_6;_B-8\=_]$B_\NFW_`/E91_Q&L>._^B1?^73;_P#RLK\0:*Z3(_L]
M_P""+G[?^O?\%*/V3[+XH:WI_P#8O]M;_)TSSX[G['Y5Y>6S?O4ABW[OLZMR
M@QG'.,GZ_K\P/^#2[_E$]X2_[?/_`$\:K7Z?T`?B#_P>K?\`)K/@'_L:M._]
M(]8K^<*-@DBL5#!3D@]#[5_1[_P>K?\`)K/@'_L:M._](]8K^<&FG9W0,_1?
MQ7J?PE_:P_:5\#^,]?O?AGJGPSU/P[:Z=JMGK'BIM&U3PB]M#+F**W%W`SAI
M&0`JDP(!("_>;A/C3/X-_:+_`&-_!G@?P!XG\%:+=?#_`,5:I%+I^LZ];Z4+
MBTFN)#!=QR74B"9?+922"7Y;`.,5\1T5X<<E47'EJ.T&G%=+IRW5]=)-75GL
M]]3N6->[BKM6;\K6T[;)]K]+:'ZBW7[2?P^\>^)OB7X9TWQAX4:[M/A#!X1@
MU2\U6WL+37-002@I#/<,B.`9%`8M@\GH,UXIX3\)VFI?\$SM6^%S^,/AM9>,
ME\=Q7[VUSXTTI(5MC!%F=9A<&.1!GGRV8Y##!8$5\2T5%/(U!-0GNXO5=8RY
MNZT;W7W-%?7V^5./PW2]'!0^=DM^^Y]/?\%$/C/X:^)GQ^\"6OA_6+/7K7P5
MX>TW0KW68?\`4W]Q"Q,CJY`WH-P`;`'7M7N/[=G[>WACP;\<?'ND^`H-+UVY
M^(6EZ9IFI^*8=>BOK&.U1`'BAACCVJX#,K.TKD$YPN,5^>%%=$<HH_N5-MJG
MS:=W)QD[VMI>.VW0Q>*E[[CIS1C%>2CHO5VZ]]=S]1/VM/VB_A[\1M2^/VB^
M&/%/@S2/$>J>%-/>T\1VVL131>);>)/W^F;GE:(2D$J!"%=MW.2N3YC\8]5\
M,_M+_&3X">/_``WXV\`Z%X<\+Z1IEKJ]GJGB"UTZ[T![.8R2+]FD<2R`CY4\
ME7W%1T!!KX)HKFPF0QPRBZ4W>-K-J_V>7[K6:5[)[:-HWJY@ZB<9QT:L_2\7
M]]X[]M.B/T:^,GQK\'?M9?L[_'K3_"WB7PCI=_XK\?6=[I=KK>N6>C27EM##
M:1O=`7,D?R,8G?\`O=L;N*V/"W[6GP[T?XP:/X$D\7Z!<-IWPCD\$2^)C.%T
MNXU)E1@GVD@`P@*0)#A06(ZFOS-HJ5PY1]FZ/,^7IW3]FJ=[]?=5[6W?H5+,
MYNI[:RYK_+^)[3;_`!66^R[ZGWO\'OV@/"'[(G[.WPD\*>*-8\/:UK%C\11X
MEU&WT34[?6(M,LE1H_-DEMFDC+@L'5%8MA>Q&*\)_;<^%45[\8OB!X[M/'7@
M#7M$UC6'O]-^P^(8+R^OX[B4LJ"WC+2Q-$I&_P`Y8U&W"EC@5\_45V4<L]G7
M^L1E[S;OIH[N.RZ?"EN^OE;!XN]+V/+[NEN^CD]_6;_#Y_H_XB^.W@B]_P""
MFG[/OB&+QAX7?0='\'6MO?ZC_:D`M;"46]V#'-)NVQN"R@JQ!!8#'-<-\<?%
M?AO]IK]D:?P7X8\4^#-/\2^%_B-JNJ7%MJNN6NEQ:M;7%Q<&.ZAFGD2*4!95
MZ-G"G`/&?AFBL5DD$X24G>&WRE*6O_@37X[E?7I6M;=)?=#D_P"#Z^1^H7A3
M]KGP1X+\:2Z;IGC3PRVL?#SX,OH0UP7T:6NI:JAB=(+:23'GE63*[<[BQP.#
M7F_[</Q[^''Q?_8%36?#.LZ+;>)?'GBZU\0:SX<CNHS>:=>"S:"Y;R0=XC9X
M@X<J`QDSGG%?`M%91X?I*I&KSOF33]?><VO1R:?E96ZFE/,IPBX**LTU_P"2
M*"^:2>O]Y]S[N_X)U_%;X=^.O@!9^%_B;XBT;0Q\)/%,7C#11J%[%;G4(MCM
M):1!R#(WFKN*+DG>M9H^/VE_M>_L:?%+PW+KOASP_P#$#7/'/_"5+;ZUJL&F
M1ZI;.%"Q+<3ND1:)5VA691A%]:^(Z*WJY-3G6G6YFFW%KLFG%OUYG%.7X6,J
M6-E"$8);77JFI*WRYY6?FNQ^H?[.G[1'P^^&GQ"^!O@;4O&OA":_\">$=7M]
M7UM=5A_LN">Y"-':I=L1&Y&P\JVW(`!)KP/]D.73OA-X-^.?P]\2>)/!.EZS
M\2?#'EZ)=#Q/I]UILLJ-,/*DNH)I(87;>"!(R\#)P",_'%%9K)(VJ+G_`(B]
M[3KSRG==O>EMKHK>94,>XPC!+2+37RC&-GWNEY:OMH?I!^SW\<_!OP?;]E_P
M!K/BWPH-4\(:EJNK:[>VVLVUQI>E)/#="*.2[1S`9#Y@!"N0",9Y&>C@_:L^
M&:^#]/\`B2OB3P\GQ-:Y3X>.G]IQ^:FFC5,F]*[\B/[(/]=C;\V-U?EY14U<
M@IU*OM93=VVW;2]Y2<EZ-2:MVMK<<<PE&'LXK2R7W;/U4K2^5MC]2/BW\:/!
M'CK2OVG=-TW6_AAXKNO$FO://I6G:QXJ@L+#68X[>V#NDZW=ON"%&.4F'S)@
MYSM/DG[)WB6QL?#3?#_XFGX$ZE\);[6+N[OM-?Q;;F^\(2%#B6SE^T,\RLIP
MA@DG?+<NIW`_"5%*CD,:=%T8SNFH[K5.,8Q35FK/W;WWOUMH55S&4Y*35K.3
M_P#`FVUL^]NS6Z/I7]BFV^&OAW]MK4O$^I:]:V/P_P#`,E]KVEG498XKG4U@
M8_9(8XY&4R3,2C!!\Q*=J^FOA?\`'OX;?&@?!SQE=_$"P3Q'\.?&US'J$_B?
M['H5[<V%XTDQD6#[5,&BCED1=X<X`<D#&:_-"BNG%90JTHRE-WBDEMTNF_62
M;3VZ=C"&+Y5-**]Z]_1K1+RB]5YGZ@>(_P!K7X=?&/X._''5-3\3>';#QSI&
MAZWX/M0]["A\36#3M)826YW?OBJADPFXG<#T(K#U_P`3^%?%/Q@_9G\<Q?$;
MP!IWA[X<>$[%M<E?Q)9_;;>6)0S6JV@<W#2L#MVB/`Y!(-?FW17)2X>A2M[*
M;5MM$[>[*+^_F;71/2UM#6KF#J<RJ1OS73]&XM?<H*/IYZGUO^R3^U7X-\,?
M\%/-7^(&L-#I'A?Q+J.J"VNY8=JZ:+HOY4S*`2O4!B/N[R2<`U%^S1^SGX>^
M'7[5>D^)?B!\1_AC+X=\/ZE/K#_8O%-I?3:HMNIFC=0CD#S)1&!'(RRL2<(0
M"1\FT5W2RSE_@S<?<4.^BO9KLU=^3[7U,I8OGYE5C=2ESOIJ]&O1K[NC/T!\
M=_'GPG^TG\#-#\0:!\1].TKXC?#[QZ^KZ==^+X+?1IA;WUR9F58DN+EI88I6
M0EER0L9RH')ZK2?B/\+]3^,/PJ\?^,;CX8>%?BZ?&!_M>Y\+>(+>ZTJ]L1')
MNO;IDE>&!G<@C<WF'(W>B_FI17*LB@ERPFTDVUW2:5U=6T;5VFG>_?4TGCY3
MNYJ[::?9ZR:;6NJYM'TLNET_T(?]HOP'K7P__;!L;=?`'AZ[UJ5UTRYL]7G:
MX\5YN+@^8BSW4B2G!#?Z,B+^\Z8V@>1?LO\`C70O&W[`/Q3^%(U_P_X<\8ZM
MJUIK5@=8U"+3;?588C'O@%Q*5B5QY9(61P"7'3DCY4HK6GDL(0E!2>O(^]G3
MY;;]&XJZ[:*PZF83E452RT<G_P"!W37W/??J?9GPMM-`T[]AOXH_!9O&GP_A
M\=7^IV.NV\W]NP1:=J**(BUHM](RV[2Q^6W1S'EQASR1VVA_M`/\$/AC\$O`
MO@SQM\,[KXA>![;5-1U*ZU'58I=",=RS8TPW8/DL[J_.)50&(9<?*3^?M%.K
ME"J.7M)74I<S5E\7)R?^`VZ?C;0SIXODY>5?"FEZ.7,]K:WO9JUK[72:^W?B
M-K/P@\*?MA?`3Q)X;'A+PKJ\]_:7_C6ST35H[S0M'E$\6W9<(S0K@!RXC;8H
M`)ZDEB?'/4?#_P"WC\;M<\&:Y\*]=T'7[J6WO-*\3:O;P:;XILI)!N2&>1U@
M+``G+2@8;@/RM?$M%$<HBDE*7-:,HZZJTI*5M7>RM9:WMUNKCEC&VVE:[@_.
M\$U?2VKO=OOT/J?XY)\)_`__``4+\"W7PXO-*LO#%OJ6DWFKM;WWGZ7I]W]I
M5[A8;ACM:%%VG<#L'S8(`P/4?VJ?V\/#FB_M`^.O"'@RTL)=(\:^+M*U'7?%
M7]MQZC;7L-O]G8+;+'&J11J4^9B\AX;D<!?@>BKCE--NDZLG+D36KW]Z,DWW
MLXJR=_.]B*F+DU/D2BY6U72T91NO-J3NU;7:Q^B7[2OBWPWK_P#P4B\/>.K"
M7X0'PM;>*=(N)?%=EXVMY]0N(D6)'\VV_M!U2-&!!9;9,",$MC)-']MGXY>"
M?BM\`OC7IGA#7_"NA:I;^.H]0U""TU1)AXZM#M6.>$R2.SM&P#,L!"83.T;L
M#\^Z*Y:60QC&E%S;]FDE\G%ZW;O\/DE>Z2:3.F>92E4G4Y?BW^Z<=/E/?5Z6
MV=CZT\#^)-!^-?\`P3(3X:Z5KOA?0?&OAWQ=_;,]EK.K6^DKK%N\;H'CFN'2
M)G3>`59@0(_<9^@/AK^UI\./AO\`%SX4^";[Q9H-S+X7^'-[X6U/Q#;W(ETF
M.]N!`T<0N0,-&ODD&090&0<_>Q^9=%:XG):=?GC.3Y9.3MUO*#@]>UFVE;?R
M5C*CCY4E'E6L59/RYU/;U5O3SU/NGX.>/?#O[-?[+OA7X?:_XI\(WGB+6OBE
MI^ML-(URUU*UTZQ@EM]UQ<3PNT48/E$@%MV#D@8./HNW_;(^%_Q+^+7Q,DUO
MQ?X7LM8\"0:O9>'M5?4X1;Z[IE[`',,4F[;*\<ZC"J2<'`'6OR+HK#%\/4\3
MS2J3?-+FU6EG)1C=?]NQY>MTV:T,RE1<>2.D6M.]G*5G\Y7^2['V)\<3HO[7
M'[+7P+M?#/C#P-HMWX#TJ71==TW7->M]*ELI,Q_Z4J3,IFC81DDPAWRP&TG.
M.H_:`U;0/B/^P[\&M`T&7X1>,=4\-Z-?6E]+J?C&+3+S1'+*%DAADOK4NS;2
MP66*3[J_(,D-\)T5TSRJ]E&=E&;FM.LN:Z;33M[SMMV=S&EC.1J35WR\GR5K
M:;7M%7Z>2"BBBO8.(_J]_P"#2[_E$]X2_P"WS_T\:K7Z?U^8'_!I=_RB>\)?
M]OG_`*>-5K]/Z`/Q!_X/5O\`DUGP#_V-6G?^D>L5_.#7]'W_``>K?\FL^`?^
MQJT[_P!(]8K^<&@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
M*`"BBB@`HHHH`****`"BBB@`HHHH`_J]_P"#2[_E$]X2_P"WS_T\:K7Z?U^8
M'_!I=_RB>\)?]OG_`*>-5K]/Z`/#_C7^SWX`_:4^/UOH7Q&\#>#_`!_HEIX?
M6_@T_P`2:-;:K:0W"W+HLRQ3HZ+($DD4.!D"1AG#'-#_`(=._LL?]&T_L_\`
M_AO-(_\`D>N__P";I_\`N5/_`&\KT"@#P#_AT[^RQ_T;3^S_`/\`AO-(_P#D
M>C_AT[^RQ_T;3^S_`/\`AO-(_P#D>O?Z*`/`/^'3O[+'_1M/[/\`_P"&\TC_
M`.1Z/^'3O[+'_1M/[/\`_P"&\TC_`.1Z]_HH`\`_X=._LL?]&T_L_P#_`(;S
M2/\`Y'H_X=._LL?]&T_L_P#_`(;S2/\`Y'KW^B@#P#_AT[^RQ_T;3^S_`/\`
MAO-(_P#D>C_AT[^RQ_T;3^S_`/\`AO-(_P#D>O?Z*`/`/^'3O[+'_1M/[/\`
M_P"&\TC_`.1Z/^'3O[+'_1M/[/\`_P"&\TC_`.1Z]_HH`\`_X=._LL?]&T_L
M_P#_`(;S2/\`Y'H_X=._LL?]&T_L_P#_`(;S2/\`Y'KW^B@#P#_AT[^RQ_T;
M3^S_`/\`AO-(_P#D>C_AT[^RQ_T;3^S_`/\`AO-(_P#D>O?Z*`/`/^'3O[+'
M_1M/[/\`_P"&\TC_`.1Z/^'3O[+'_1M/[/\`_P"&\TC_`.1Z]_HH`\`_X=._
MLL?]&T_L_P#_`(;S2/\`Y'H_X=._LL?]&T_L_P#_`(;S2/\`Y'KW^B@#P#_A
MT[^RQ_T;3^S_`/\`AO-(_P#D>C_AT[^RQ_T;3^S_`/\`AO-(_P#D>O?Z*`/`
M/^'3O[+'_1M/[/\`_P"&\TC_`.1Z/^'3O[+'_1M/[/\`_P"&\TC_`.1Z]_HH
M`\`_X=._LL?]&T_L_P#_`(;S2/\`Y'H_X=._LL?]&T_L_P#_`(;S2/\`Y'KW
M^B@#P#_AT[^RQ_T;3^S_`/\`AO-(_P#D>C_AT[^RQ_T;3^S_`/\`AO-(_P#D
M>O?Z*`/`/^'3O[+'_1M/[/\`_P"&\TC_`.1Z/^'3O[+'_1M/[/\`_P"&\TC_
M`.1Z]_HH`\`_X=._LL?]&T_L_P#_`(;S2/\`Y'H_X=._LL?]&T_L_P#_`(;S
M2/\`Y'KW^B@#P#_AT[^RQ_T;3^S_`/\`AO-(_P#D>C_AT[^RQ_T;3^S_`/\`
MAO-(_P#D>O?Z*`/`/^'3O[+'_1M/[/\`_P"&\TC_`.1Z/^'3O[+'_1M/[/\`
M_P"&\TC_`.1Z]_HH`\`_X=._LL?]&T_L_P#_`(;S2/\`Y'H_X=._LL?]&T_L
M_P#_`(;S2/\`Y'KW^B@#P#_AT[^RQ_T;3^S_`/\`AO-(_P#D>C_AT[^RQ_T;
M3^S_`/\`AO-(_P#D>O?Z*`/`/^'3O[+'_1M/[/\`_P"&\TC_`.1Z/^'3O[+'
M_1M/[/\`_P"&\TC_`.1Z]_HH`\`_X=._LL?]&T_L_P#_`(;S2/\`Y'H_X=._
MLL?]&T_L_P#_`(;S2/\`Y'KW^B@#P#_AT[^RQ_T;3^S_`/\`AO-(_P#D>C_A
MT[^RQ_T;3^S_`/\`AO-(_P#D>O?Z*`/`/^'3O[+'_1M/[/\`_P"&\TC_`.1Z
M/^'3O[+'_1M/[/\`_P"&\TC_`.1Z]RUWQ)IWA:SCN-3O[+3K>:>*UCENIUA1
MYI9%CBC!8@%WD945>K,P`R2!5VG;J!X!_P`.G?V6/^C:?V?_`/PWFD?_`"/1
M_P`.G?V6/^C:?V?_`/PWFD?_`"/7O]%(#P#_`(=._LL?]&T_L_\`_AO-(_\`
MD>C_`(=._LL?]&T_L_\`_AO-(_\`D>O?Z*`/'_V:?A/X5^!WCOQOX6\$^&?#
M_@_PQI?V#['I&B:=#I]A:>9')+)Y<$*K&FZ1W<[0,L[$\DFO8*\_^'?_`"7;
MXC?]PS_TG:O0*`//_P#FZ?\`[E3_`-O*]`KS_P#YNG_[E3_V\KT"@`HKR;X\
M?%_XC_#WQ=I5GX4\$^!->TS4&\LW&N^.FT&ZG<1R2O':P"QN!.ZQQLY#21C:
MK'.%)K8^`/Q]7XY:3<O-X:U[PSJ%DJ/)#>B*XM;F-RX2:VO+=Y+:YC;8Q_=R
M%U&-Z1D@4XJZ;70):;GQWJ/BGP/X2^,?[4MMK7PI^-GC7PQK":3=/IC_``_\
M4WMOXIGMY)(KF&.:2U9+NW\Z:(&*-I(GMP^Q)($8#R>+]G33?#;?!3Q'X2\"
MP>/O$'AZ.[MM)\(>,?V?O$;6&E&XUL7K)I^H7<-M%H"VBL8X);F'#10(40`@
M5^KM%%%^SE&:WBT_FDX_D[:WMT)JP4J<J2V;?XM/RV:Z6OU`9P,C!KF=2TKQ
ME+XP6>SU[PS!H`EC+6<V@SRWAC`7S%%P+Q4#,=VUO)(7(RK8.>FHI%')?V-X
M\_X2CSO^$D\(_P!B_:M_V7_A&[C[5]GWY\OS_MVWS-G'F>5C/.S'RU/INE>,
MHO&#3WFO>&9]`,LA6SAT&>*\$9#>6IN#>,A93MW-Y(#8.%7(QTU%`',Z;I7C
M*+Q@T]YKWAF?0#+(5LX=!GBO!&0WEJ;@WC(64[=S>2`V#A5R,0>&-&\>6FN0
M2:UXD\(W^F+N\Z"R\-W%G/)\IV[97OI57#8)S&V0".,Y'6T4`<EX8T;QY::Y
M!)K7B3PC?Z8N[SH++PW<6<\GRG;ME>^E5<-@G,;9`(XSD3^#-*\96.J2/XAU
M[PSJED8B$BT[09["59,C#%WO)@5QN&W:"20=PQ@]-10!R6@Z-X\M_MO]J>)/
M"-YYEJZ6GV7PW<6WD7!QLDDW7TGF1CG,8V%LC#KCDT'1O'EO]M_M3Q)X1O/,
MM72T^R^&[BV\BX.-DDFZ^D\R,<YC&PMD8=<<];10!S/AW2O&5MI>IIJVO>&;
MZ]EBQI\MIH,]K%:R8;YI4:\D,RY*':K1G"L-WS`K!I^C>/(]#U&.[\2>$9]3
ME\O[#/%X;N(H+;#?O/-B-\S2[EP%VR1[3R=_2NMHH`Y+3]&\>1Z'J,=WXD\(
MSZG+Y?V&>+PW<106V&_>>;$;YFEW+@+MDCVGD[^E3V>E>,D\'W<%QKWAF77W
ME!MKR/09X[.*/*95[<WA=VP'^83*/F7Y3M.[IJ*`.2_L;QY_PB_D_P#"2>$?
M[:^U;_M7_"-W'V7[/LQY?D?;MWF;^?,\W&.-F?FH_L;QY_PB_D_\))X1_MK[
M5O\`M7_"-W'V7[/LQY?D?;MWF;^?,\W&.-F?FKK:*`.2_L;QY_PB_D_\))X1
M_MK[5O\`M7_"-W'V7[/LQY?D?;MWF;^?,\W&.-F?FJ>\TKQD_@^T@M]>\,Q:
M^DI-S>2:#/)9RQY?"I;B\#HV"GS&9A\K?*-PV]-10!R6H:-X\DT/3H[3Q)X1
M@U.+S/MT\OANXE@N<M^[\J(7RM%M7(;=))N/(V=*-0T;QY)H>G1VGB3PC!J<
M7F?;IY?#=Q+!<Y;]WY40OE:+:N0VZ23<>1LZ5UM%`',^(M*\97.EZ8FDZ]X9
ML;V*+&H2W>@SW45U)A?FB1;R,PKD.=K-(<,HW?*2T&O:-X\N/L7]E^)/"-GY
M=JB7?VKPW<7/GW`SODCVWT?EQGC$9WE<'+MGCK:*`.2U[1O'EQ]B_LOQ)X1L
M_+M42[^U>&[BY\^X&=\D>V^C\N,\8C.\K@Y=L\3^,]*\97VJ1OX>U[PSI=D(
M@'BU'09[^5I,G+!TO(0%QM&W:2""=QS@=-10!R7B?1O'EWKD\FB^)/"-AIC;
M?)@O?#=Q>3Q_*-VZ5+Z)6RV2,1K@$#G&2>)]&\>7>N3R:+XD\(V&F-M\F"]\
M-W%Y/'\HW;I4OHE;+9(Q&N`0.<9/6T4`<SJ6E>,I?&"SV>O>&8-`$L9:SFT&
M>6\,8"^8HN!>*@9CNVMY)"Y&5;!R:EI7C*7Q@L]GKWAF#0!+&6LYM!GEO#&`
MOF*+@7BH&8[MK>20N1E6P<]-10!R7]C>//\`A*/._P"$D\(_V+]JW_9?^$;N
M/M7V??GR_/\`MVWS-G'F>5C/.S'RU/INE>,HO&#3WFO>&9]`,LA6SAT&>*\$
M9#>6IN#>,A93MW-Y(#8.%7(QTU%`',Z;I7C*+Q@T]YKWAF?0#+(5LX=!GBO!
M&0WEJ;@WC(64[=S>2`V#A5R,0>&-&\>6FN02:UXD\(W^F+N\Z"R\-W%G/)\I
MV[97OI57#8)S&V0".,Y'6T4`<SX,TKQE8ZI(_B'7O#.J61B(2+3M!GL)5DR,
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MS-+N7`7;)'M/)W]*WO#%OJEIH<$>M7EA?ZFN[SI[*S>S@D^8[=L3RRLN%P#F
M1LD$\9P+]%`'QC_P5N\.>$+N^^'&JZYH<?C?Q39SWMMX3\'ZQ\.K[QGX?\1W
M[I%,8I4@B:.RO!';R""\ED00J]PY62-9%'R_\5?AO\9[WXP?%JXD^$R>(?%_
MBU]36_U*W\"WT>O:)X>V120VFG>)GG^R7$4L"?91IUJB2B6225B.<_K=12IW
MC?KI)6Z>]:^G=VUN[6T2B[LJL_:1C':UG=;Z7Z]E>Z_O:MM)17Y.S_`/08?'
M5Y?7'P)\9W'[+>HZGJY\,>!X?AO?XT[57TG2HK>]_L,6XGLXFNH=3V2R01I'
M-+YQ,8D65OT?_9%\.^*/"/[*OPUTGQM++-XQTSPOIMKKCRRB61KU+6-9RSCA
MF\P-ENYYKT.BMO:OD<._+OO[JDE=]6^9W?9122Y=8FN:49-)<J:T5MVG^GWM
MM[Z%%%%9#//_`(=_\EV^(W_<,_\`2=J]`KS_`.'?_)=OB-_W#/\`TG:O0*`/
M/_\`FZ?_`+E3_P!O*]`KS_\`YNG_`.Y4_P#;RO0*`/E;_@K?#Y'P`T?4KCPW
M-K^CZ3JKW&KM"+XRPV7V.Y6:$?8W60"Y1C:EWW1(+C<ZD#(]'_8<N/#U]\&+
MZZ\)V<MIX<O/$>KW&GL`JVUS$]]*RRVZK'&JP,#E0%QC)W2$F1N;_P""@_Q+
MU_X3Z5\.=7\(Z3K/B/Q:/%(@TK0[3[.MMJ[O970DCN&GN;9%58?,D4AW??&F
MV*4_+7<?LAZGXKU[X,0ZEXTBO;/Q!J>HWMW-87,,T;:6KW,C):J9L/(D:D*K
MX`9<;0%VBJI/2?\`7\OS>W31:WU:NJOV%Z/_`-+7R_-Z6T3MZ=1114C"N9U+
MQYJMCXP73(O!7B:]LFECC.K0SZ<+-58+ND*O=+/M3)#8BW':=H;C/344`<E_
MPL?6?^$H_L__`(0#Q=]D^U?9_P"TOM&E_9=F_;Y^W[9YWEX^;'E[\?P;OEJ?
M3?'FJWWC!M,E\%>)K*R662,:M-/IQLV50VV0*ETT^U\`+F+<-PW!><=-10!S
M.F^/-5OO&#:9+X*\365DLLD8U::?3C9LJAML@5+II]KX`7,6X;AN"\X@\,?$
M?6=>UR"TN_`'B[1+>;=NO;VXTMX(<*2-PAO))#D@*-J'EAG`R1UM%`')>&/B
M/K.O:Y!:7?@#Q=HEO-NW7M[<:6\$.%)&X0WDDAR0%&U#RPS@9(G\&>/-5\4:
MI);WW@KQ-X<A2(R"YU&?3I(G8$#RP+>ZE?<02>5"X4\@X!Z:B@#DM!^(^LZO
M]M^T>`/%VE?9;5[B+[5<:6WVQUQB"/RKQ\2-G@OL3@Y=>,F@_$?6=7^V_:/`
M'B[2OLMJ]Q%]JN-+;[8ZXQ!'Y5X^)&SP7V)P<NO&>MHH`YGP[X\U76]+U.XN
M?!7B;1YK"+S(+:[GTYI=1;#'RXC#=2(&RH'[UHURZ\XW%8-/^(^LWNAZC=R^
M`/%UI<67E^392W&EF>_W-AO**7C1C8/F;S'3(/R[CQ76T4`<EI_Q'UF]T/4;
MN7P!XNM+BR\OR;*6XTLSW^YL-Y12\:,;!\S>8Z9!^7<>*GL_'FJW/@^[U-_!
M7B:WO;>41QZ3)/IQO+I<I^\1ENC`%&XGYY5;]VW'W=W344`<E_PL?6?^$7_M
M#_A`/%WVO[5]G_LW[1I?VK9LW>?N^V>3Y>?EQYF_/\&WYJ/^%CZS_P`(O_:'
M_"`>+OM?VK[/_9OVC2_M6S9N\_=]L\GR\_+CS-^?X-OS5UM%`')?\+'UG_A%
M_P"T/^$`\7?:_M7V?^S?M&E_:MFS=Y^[[9Y/EY^7'F;\_P`&WYJGO/'FJVW@
M^TU-/!7B:XO;B4QR:3'/IPO+5<O^\=FNA`5.T'Y)6;]XO'WMO344`<EJ'Q'U
MFRT/3KN+P!XNN[B]\SSK**XTL3V&UL+YI>\6,[Q\R^6[X`^;:>*9J_Q.U;2?
M#MCJ'_"!^*YY+E96N+5+K2TETX(V`9F>\6,AQEAY;O@`[MIXK'_:<_:S\"?L
MA>`G\0^.=:BTZW?*VMK&/-O-0D'_`"SAB'+GID\*N<LRCFOSUU3QO\?/^"U_
MB";3/#L%Q\,?@9'.R3WDF[&H*K8VR,"#=2=3Y28B0\.Q(5CG.HEHM7V-(4V]
M7HC[GT[]OGX?>*9+"V\,ZIIGBW5;M";C3=+\1:,;O3V`4E)%EO45SEB,PM(N
M4;YL;2W>ZY\2=8TH61MO`'BW5A=VL=Q(;6YTM?LCMG,#^;>)F1<#)3>G(P[<
MX^1-9_X-]_@GJ?@^PL;?4?&NG:K:1!9M2@OXV>]?'+R1R1L@!/:,)C`Y/.>&
M/_!%_P",/P.F:7X0?M":OID$7-O87KW5C"O'W7,+R(X^L6.>G&:GGJ+>/W,?
M+![,^]=>^(^LZ1]B^S^`/%VJ_:K5+B7[+<:6OV-VSF"3S;Q,R+CDIO3D8=N<
M3^,_'FJ^%]4CM['P5XF\1PO$)#<Z=/IT<2,21Y9%Q=1/N``/"E<,.2<@?`)\
M5?\`!0?]G6%Q<Z1X;^*%A;Y(F\JUN6P/X0L+6]P^>O*D\]>@J:U_X+L^*_A-
M>P6GQ<^`WBCPL7.QKB)I;9F;N$@N8DST)_UO;\:/;Q7Q70>QETU/O'Q/\1]9
MT'7)[2T\`>+M;MX=NV]LKC2T@FRH)VB:\CD&"2IW(.5.,C!)XG^(^LZ#KD]I
M:>`/%VMV\.W;>V5QI:0394$[1->1R#!)4[D'*G&1@GYP^%__``7$_9]^(QBC
MO/$.K^$[F;@1:UI<B@'T,D/FQK]68"OHCX9_M(?#[XSPJ_A/QMX5\1%CMV:?
MJ<,\BGT9%;<IZ<$`\U<:D7LR)0DMT7M2\>:K8^,%TR+P5XFO;)I8XSJT,^G"
MS56"[I"KW2S[4R0V(MQVG:&XR:EX\U6Q\8+ID7@KQ->V32QQG5H9].%FJL%W
M2%7NEGVIDAL1;CM.T-QGIJ*LDY+_`(6/K/\`PE']G_\`"`>+OLGVK[/_`&E]
MHTO[+LW[?/V_;/.\O'S8\O?C^#=\M3Z;X\U6^\8-IDO@KQ-962RR1C5II].-
MFRJ&VR!4NFGVO@!<Q;AN&X+SCIJ*`.9TWQYJM]XP;3)?!7B:RLEEDC&K33Z<
M;-E4-MD"I=-/M?`"YBW#<-P7G$'ACXCZSKVN06EWX`\7:);S;MU[>W&EO!#A
M21N$-Y)(<D!1M0\L,X&2.MHH`YGP9X\U7Q1JDEO?>"O$WAR%(C(+G49].DB=
M@0/+`M[J5]Q!)Y4+A3R#@&#0?B/K.K_;?M'@#Q=I7V6U>XB^U7&EM]L=<8@C
M\J\?$C9X+[$X.77C/6T4`<EH/Q'UG5_MOVCP!XNTK[+:O<1?:KC2V^V.N,01
M^5>/B1L\%]B<'+KQDT'XCZSJ_P!M^T>`/%VE?9;5[B+[5<:6WVQUQB"/RKQ\
M2-G@OL3@Y=>,];10!S/AWQYJNMZ7J=Q<^"O$VCS6$7F06UW/IS2ZBV&/EQ&&
MZD0-E0/WK1KEUYQN*P:?\1]9O=#U&[E\`>+K2XLO+\FREN-+,]_N;#>44O&C
M&P?,WF.F0?EW'BNMHH`Y+3_B/K-[H>HW<O@#Q=:7%EY?DV4MQI9GO]S8;RBE
MXT8V#YF\QTR#\NX\5O>&-8N->T."[N]*O]$N)MVZRO7@>>'#$#<89)(SD`,-
MKGAAG!R!?HH`****`"BBB@`HKY%^-?\`P6?^&GP(^*VO>#]6\#_'?4-2\/73
M6=Q<Z3\.=3O[&9UQ\T4\<921.>&4XKL/^"5W[8VL_MY_L<:7\2]<T^TTR\U;
M6M:LXK:"TEM/+M[74[FV@\R*5F=)?*B3>"?O[N%Z"J<>>#J1U2MKZ[!47([2
MWO;YV;_0]*^'?_)=OB-_W#/_`$G:O0*\_P#AW_R7;XC?]PS_`-)VKT"I`\__
M`.;I_P#N5/\`V\KT"O/_`/FZ?_N5/_;RO0*`/G3_`(*::/HFN?`G2H=>T_PG
MJ-BNNVSA/$?PTU#QWIZ.%<AFM[)EEM&'\-X3MB8@'.X`]%_P3_UYO$'[,FE2
M-H-MX=%M?7UJMK:O?/:2+'=2HLT!O56<0R*`ZJR@*&VC@`UG?MG_``2\-?M8
M:;I/A2\'P_\`$>H^&-6BU)_"WB^R34-'UEGM;A4@N(&SEMADFC<*YC:$/L8*
M17:?LK?"G6/@O\';30=;GTYKF&ZN9X;33I9IK+28))G>*S@>8"1HH48(I8+@
M``*JA5#I.T9I]7?\$OOW\M.CM<K._);I_P#;?\#SN]+J]O1J*^1_BE^VS\2_
M`OBKXH^'!I'@6VUG2?$/ACP]X5E/VJ[M8?[:N3;I<WWS0M+Y8VR&*+RLG,8D
M.1+7E>K_`/!3OXOZ;=_%S35M_AO)J'[-FGRZMXWN&T.^6'Q="L\PCBTU/MN;
M%V@@=F:9[L)(RIAE^>G1BZLE&/G^"BY?<IQOWYDE=WLF_=<EKLK==6XQ_P#`
MG%I=--;*Q^AE%,M;@7=M%*H(650X!ZC(S7.:E\%O!NL^,%\0WGA+PS=Z^DL<
MZZG-I<$EXLD841N)2N_<@5=ISD;1C&!2:MH$9)I-=3BOVV/'&K_#WX&7&I:+
M?SZ;?+>01B:$@,%).1SZU\;?\-9?$?\`Z&_5_P#OM?\`"OI+]O+X0^$O#WP=
MU'7]/\+^';'7;K4HI)M1M]-ABNYFD<F1FE50Y+$DDD\D\U\4U^4<:8W$4LP4
M:5245RK1-KJ^Q]=D="G/#MSBGJ]UZ'HG_#67Q'_Z&_5_^^U_PH_X:R^(_P#T
M-^K_`/?:_P"%>=T5\E_:>,_Y^R_\"?\`F>Q]5H_R+[D>B?\`#67Q'_Z&_5_^
M^U_PH_X:R^(__0WZO_WVO^%>=T4?VGC/^?LO_`G_`)A]5H_R+[D>B?\`#67Q
M'_Z&_5_^^U_PH_X:R^(__0WZO_WVO^%>=T4?VGC/^?LO_`G_`)A]5H_R+[D>
MB?\`#67Q'_Z&_5_^^U_PH_X:R^(__0WZO_WVO^%>=T4?VGC/^?LO_`G_`)A]
M5H_R+[D?=W[`?Q+U[XF>`=<NM?U2ZU2XMM0$43S$$HOEJ<#';)KWJOE3_@G;
MX(T7QE\)/%MIK&CZ7JMK?ZA#'<PWEK'/'<+&@>-75P0P5R64'."21@U]"V?P
M6\&Z?X/N_#UOX2\,P:!?RB>YTR/2X%L[B0%"'>(+L9@8TY()^1?05^T<-U)S
MRVE.;;;6[U>[/B<SBHXJ:BK+_@'345R7_"@?`G_"+_V'_P`(3X1_L7[5]N^P
M?V/;_9?M&S9YWE[-OF;/EW8SCC.*XWXZ-\%/V:_@S<W?C71O`NA>#[:Z^VBS
MFTFW,-Q=^65#16X0^9.4&T;5+;?8&O:;MJSA2/7Z^(_VW/\`@L5HOPDU]_`7
MPDL5^(_Q*NIOL:+:1M<V-C-TV'R_FN)0>/+C.`00S`C:?FOQ/XV\?_\`!6C4
MI?A[\%/A]H_PW^"]GJ8NK_4WTV&V5YPH4S2O&N!-Y>%$,&7*G#N4/R_;/[)O
M_!*/X1_LN^"DLYO#FE>-=>G4&]UG7;"*ZEE;'(BC<,L,?7"KR1C<S$9K'GE/
M2&B[_P"1JH*&L]^Q\_\`[,?_``21\4_'SQ]%\5/VH-:O/$>O796>'PVTP,<2
MCE$N&3"*@ZBWAPHXW,<LE?H9H6@V/A;1;73=,L[73M/L8EAM[:VB6*&!%&%1
M%4`*H'0`8KG=0^`/@35M#T[2[OP3X1NM,TCS/L-I+H]N\%EYC;I/*0IM3>P!
M;:!DC)S1J'P!\":MH>G:7=^"?"-UIFD>9]AM)='MW@LO,;=)Y2%-J;V`+;0,
MD9.:TA34=B)S<MSK:*YGQ%\%O!OB_2],L=6\)>&=4LM%B\C3[>[TN">*PCPJ
M[(E92(UPB#"X&$7T%0:]\`?`GBG[%_:G@GPCJ7]FVJ6-I]JT>WF^RVZ9V0Q[
MD.R-<G"C`&3@59!UM1WEG#J-J\%Q#%/!*,/'(H9&'H0>#7+:]\`?`GBG[%_:
MG@GPCJ7]FVJ6-I]JT>WF^RVZ9V0Q[D.R-<G"C`&3@5/XS^"W@WXC:I'?>(?"
M7AG7KV*(0)<:CI<%U*D8)8(&=20H+,<=,L?6@#S[XG?\$[?@?\8#</KOPP\)
M27%UGS;FSLQ87$A/\1EM]CEO<G-?._Q+_P"#?7X.>*'>?PWK'C'PC<\F-(KM
M+RV0]CME4R''_70?UK["\3_`'P)XVUR?5-:\$^$=7U.ZV^==WNCV]Q/+M4*N
MYW0L<*H`R>``.U'B?X`^!/&VN3ZIK7@GPCJ^IW6WSKN]T>WN)Y=JA5W.Z%CA
M5`&3P`!VK.5*#W1<:DELSX*/_!+?]J#X!LDGPO\`VB+C4[>#A+/5KBZM8@HZ
M!87-S"3T'(`QGGL6C]I#]O7]G52/%'PTTGXC:?;_`'[FSLH[FXG7U06,BL#_
M`+T.>O'0U]_:E\%O!NL^,%\0WGA+PS=Z^DL<ZZG-I<$EXLD841N)2N_<@5=I
MSD;1C&!1J7P6\&ZSXP7Q#>>$O#-WKZ2QSKJ<VEP27BR1A1&XE*[]R!5VG.1M
M&,8%3[%+X6T5[5OXDF?"/AW_`(.`K'PCJ"Z=\4/A!XR\'WZG#K:R+,Y'=O*N
M%@9>>V6^O:O=OAC_`,%B_P!GKXGM'$GCR'0KIP"8=:LYK()GL9&7ROR>O:-7
M_9H^''B#5I]0O_A_X(OK^YG:YFN;C0K66:65FW-(S,A)<L22Q.2>:\Q^)O\`
MP2J_9^^*X9M0^&>@Z?,QW"71_,TIE/KBW9%/T8$=\9HY:BV:8<U-[JQ[-X$^
M*GACXI:<MYX9\1Z%XBM&7<)M,OXKN,CUS&Q%;U?GSX\_X-ZO`4E^;_P+X^\9
M^#]11M\#3^5?QV[8_@VB&0#ZR$]>:\XT'_@D[^TW^REXF36OA;\0O!NM7%F6
M>WFN[:-;Y25*,J"YAE1`R$@@2@?,?4DGM)K>/W!R1>TOO/U-HK\QOA#\;/VH
M?V7/'%C%K7[+GA;4&O94T^;4/"V@0VUY)&SKN#7%FSPJA*@Y=50$`DC`Q^A/
MAGX#>!?#EO<OIW@7PIH[:I9M9WD<&D6L33P2`>9!+L7#H<`,N2IQWJX34MB9
M0<3L**Y+0?@#X$\+?;?[+\$^$=-_M*U>QN_LNCV\/VJW?&^&3:@WQM@94Y!P
M,BC0?@#X$\+?;?[+\$^$=-_M*U>QN_LNCV\/VJW?&^&3:@WQM@94Y!P,BK(.
MMHKF?#OP6\&^$-+U.QTGPEX9TNRUJ+R-0M[32X((K^/#+LE55`D7#N,-D8=O
M4U!I_P``?`FDZ'J.EVG@GPC:Z9J_E_;K2+1[=(+WRVW1^:@3:^QB2NX'!.1B
M@#K:*Y+3_@#X$TG0]1TNT\$^$;73-7\O[=:1:/;I!>^6VZ/S4";7V,25W`X)
MR,5O>&/"NE^"=#@TO1=-L-(TRUW>3:65NEO!%N8LVU$`499B3@<DD]Z`/#OV
MV_VL?%'[.^O>!M&\+Z5X&6?Q9>D7&N>.->GT/P]8Q1SVR-:?:HK>?_3KD3[+
M>-U5697.6*")_-[O_@K$FF_$OXR:-/H_PTGA^$TTUDFD67Q#$WC#5K@&V2!F
MTAK)%M[::6Y5!.UTP!`.TYX]M_:P_9FUC]J#0]-T*W^)7BCP1X7G,]MXGTK2
M=/TVX3Q1830LCVKRW5M+);G)7][`R,%,@X9DDCXWXD_\$T_"_P`:-4N&\8^,
MO'WB/2+73KC3?#FDS2Z=:V_@Y)HDB:2QEMK.*Y:4+&FU[J:X*E<]2<J#:3YO
M[WK=VL_E:T5L[MRM9<SK+2/L]]+]MW=?.]VULDK7;:CQ(_X*4^/)?&]_\.(?
MA-X9F^,FASWLNJ:(/',HT2&PM;.QO&NH=1.G>;*S)J%M&L36D?[TN&9442'Z
M:^!OQ:T[X]_!?PEXYTB.>+2O&.CVFM6B3+ME2*XA65%8?W@'`/O7A-Q_P2UT
M&=TU=?B=\6(?B!/>75SJ?C>*ZTM=:UF&YMH+6:TF7[#]C2`P6MLH$%M$Z&!7
M1UD+.WT+\-_A[I'PD^'NA>%?#]HMAH7AO3X-+T^V5BP@MX8UCC3)Y.%4#)Y-
M;7AR._Q>[MM>TN:W6S]VU];J6RLB9_%%PO:SO>V]U;]?*S6[O;\C/VK_`-NG
MXG?#O]K_`.(6E-\9?BYX?^-.G>+UM?AM\']/\#M=^&O%VC*]N(I'NA9N)%G1
MY&EF-RAA8D8&T"OU>^!GP-\+?L[_``_3PWX/T:/0='-Y=ZFUHD\LZBYN[B2Y
MN'W2,S?/-+(V,X&[````'Y!?MI?M4_M#_&;XH_M&Z5X8_;`G^$=E\-M8DMM-
M\-:?\,4>PN].BO+2W>XBU\C[09()+E%NA&I$+`@_NV+5^P/P+\+>)O!'P>\-
MZ1XR\7#Q[XJTZPB@U3Q$-,BTP:S.%^>X^S1$QP[CSL0D"HPS_P!BIR[I-/K)
M.*UZZZ7E[WQ-V2U2,0K8N<>S>G1--Z=-KVCI?EW;T9E?#O\`Y+M\1O\`N&?^
MD[5Z!7G_`,._^2[?$;_N&?\`I.U>@5(SS_\`YNG_`.Y4_P#;RO0*\_\`^;I_
M^Y4_]O*]`H`^0/\`@JK^SII?C[3?"'BFTAL?"WB"SU06EWX[%MJ[S>'+/[+=
MA7D_LF]L;LQF23RP_P!H5(3.7/&:[G_@GG'K^K_#>YUR^\9:SXFT.\=[*RCO
MYI+V%Y+:XFB:^M+J<?:7MKF,1,J3-*5*G;*X.YC]MGQE\5OA'JGAKQ'X'\3Z
M1I_ANYOX['7HM7\(W&O6>E0>7,_VHK9RQ72[Y!%$7W-'$'$C#:K9[K]D7XRZ
MU\>/@G:>(?$&GZ=8:F][>6C'3Q<?8KQ(;B2*.Y@,Z)(8I457&Y>-Q`+`;C5%
MOEE;OMVVUZ_IO>U]15M7&_EK]^GX>>UKV=CD=>_X)H_"'Q5XJ\::UJNF>,]4
MOOB!Y9UH7GCW7[B"1XIEG@E@A>],5I+;R(K026ZQO;XQ$T8)%$W_``3)^"=R
MNAB3PE?2-H:R)O;Q'JA?6%DG^T.NIM]ISJBM/^](OC."Y+=22?>J*46XVY=+
M;>7IV*F^9-2U3W\[[W`#```P!117,ZEX$U6^\8+J<7C7Q-962RQR'288-.-F
MRJ%W1EGM6GVO@EL2[AN.TKQA"/-?^"A7_)N-U_U_V_\`Z$:^!Z^UOV\O!.IZ
M9\'=1U&?QAXBU&SFU*)DTNXAL%M(`SDA5:.V28A.@W2DX'S%CS7Q37Y!QS_R
M,5_A7YL^RR'_`'9^K_0****^./:"BBB@`HHHH`****`/M'_@F3_R3/Q'_P!A
M-?\`T4M?2]?&O['GC71_AE^S=XZUWQ#XUF\$:1;WT6_4@;8&S*H&)C$T4@>2
M0?)L*N2`-BACD_/'B;]M[XV?\%`_$M_\,_V?I_%3^&3,RZGXRUF*VL[I86`7
M!EMH8H[:(@,RJ%:X?)P0`4'[=PU44<KH][?JSX;,X.6+GZ_H?2W[>'_!7'P=
M^RE<S^%?"\4?CKXDR,+>/2[1C);V$K'"BX=.=^?^6*9<]#LR#7Y__$G]GKXG
M_'KXNKXR^/MS=V^K:C`EU#HQ`ADM[=B?+B*+Q`@4?<_UG]XALD_H!^R!_P`$
M@O!_[*FAVNHP:]JEW\0_,$TWB6.UM))+?*%6AMHKF&9(D.[)<#S3C&\*2E>9
M?MPZ#=^&_CG+;7NMZIX@G%C`WVN_CMDF(.["XMXHDP.WRY]2:X^+<57H8'VL
M)6;:6G2]_P`?,WRBG3GB.1JZL>*Z+HEGX<TN&RT^U@L[2W7;'%$@1$'T%6J*
M*_'I2;=V?9)6T04444@"BBB@`HHHH`*_4WX9_P#)-_#W_8-MO_12U^65?H_X
M9^'&LZ_X3T6[M/'_`(NT2WFTVUVV5E;Z6\$.($!VF:SDD.2"QW.>6.,#`'Z%
MX?\`\6MZ1_-GSG$7P0]6>DT5S.I>!-5OO&"ZG%XU\365DLL<ATF&#3C9LJA=
MT99[5I]KX);$NX;CM*\8I>-_`NK7=[?:I#XV\3V-FD?F_P!E00:>;,A$&4W/
M:M/M?!+$2[AN.TKQC],E*R;/ETKNQV=%?E3_`,)CJ_\`T%=2_P#`E_\`&C_A
M,=7_`.@KJ7_@2_\`C7YY_P`1`A_SX?\`X%_P#Z3_`%=E_P`_/P_X)^JU%?E3
M_P`)CJ__`$%=2_\``E_\:/\`A,=7_P"@KJ7_`($O_C1_Q$"'_/A_^!?\`/\`
M5V7_`#\_#_@GZK45^5/_``F.K_\`05U+_P`"7_QH_P"$QU?_`*"NI?\`@2_^
M-'_$0(?\^'_X%_P`_P!79?\`/S\/^"?JM17Y4_\`"8ZO_P!!74O_``)?_&C_
M`(3'5_\`H*ZE_P"!+_XT?\1`A_SX?_@7_`#_`%=E_P`_/P_X)^JU%?E3_P`)
MCJ__`$%=2_\``E_\:]&_9*O=:\7?M!>'].3Q+KNE/<?:,75M)'++%MMI6X6=
M)(CG&/F0\$XP<$=.#XXA7KPH*BUS-*_-M=V[&5?(73IRJ<][)O;M\S]$**Y+
M3_AQK-EH>HVDOC_Q==W%[Y?DWLMOI8GL-K9;R@EFL9WCY6\Q'P!\NT\UO>&-
M'N-`T."TN]5O];N(=VZ]O4@2>;+$C<(8XXQ@$*-J#A1G)R3]X?/E^BBB@`HH
MHH`_&7]LG]BX>(_VU_'6L77PI_;T\6^'K_6[N:ZTSPQJ/AZW\):Q#</:R74,
M,;NEP+6X>SMS("RNYCR3DDG]4?V5OCGJW[07PN_MW6?AKXW^%5W%=R6BZ)XI
MCMDOBB*I$P%O+*GEMNP/FSE3P*^3?C#_`,%6?B]X"\3?$GQ?I/PA\(ZA\#OA
M'XJ/A37[V[\5/;>*+N2.2".:>UL?(,3#=.ICC>4/,NTKC>HK[YAE$\*.`P#@
M,`1@C-/#MK"PCO&RY?)-1:=NSBTUTU[W%7?-B)-Z23=^UTVI*_=2WMK=*YP/
MP[_Y+M\1O^X9_P"D[5Z!7G_P[_Y+M\1O^X9_Z3M7H%(9Y_\`\W3_`/<J?^WE
M>@5Y_P#\W3_]RI_[>5Z!0!\H_P#!6KQ;J/A#X7>`)M.O=>4S^,((Y]-TC6=?
MTBYU>(6MR[1BXT2VN+M`A43'<GD$0D2D(21ZI^P[\2+/XL?LV:'KEAJ6I:M;
M7,MS&MQ?:Q%JT^8[B2-D-S&J[]K*5^=1(-N'&X&L#]OG1=>U;P3X9E\.^%-0
M\4ZE9:N\L`TK5CI6JV$YL[E8);>X$L>Q6F:..8D2+Y$DN8G&<;?[$/A?4_!O
MP-;3=;T^^LM:MM:U-;^:YN)YSJ<_VR7?>(TR(_ES-EU&T+@_+N7#-5'X9I][
M_@E\_P#AK7UL5OL->G_I3^7ZZWZ7]>HHHJ0"BBN9U+5?&47C!8+/0?#,^@&6
M,->3:]/%>",A?,86XLV0LIW;5\X!L#++DX`/-?\`@H5_R;C=?]?]O_Z$:^!Z
M^UOV\M3\6S?!W48=0T3P[:Z$NI1"&[M];FGNY%#GRRT#6J(I88)`F;:>`6ZU
M\4U^0<<_\C%?X5^;/LLA_P!V?J_T"BBBOCCV@HHHH`***KZMJ]KH6G37E[<0
MVEK;KODEE<(B#U)/2FDV[(&RQ7G/QL_:6T+X.0-;LPU+6F7*64+C*<<&1OX!
M^9/88YKS[QS^TOKWQ<UUO#?PUL[ER^1-J138P7H67/$:_P"TWS'/`!QGK?@G
M^RCI?PYG35=8=-<\0N?,,TH+10.3DE`>K9_C;GN`O->Y3RZCA8JKF#UZ07Q/
MU_E7XG%+$2J/EH??T^7<[O\`8>_X)[^,?^"BVI2>)OB?K]_H7@/1[L-%HEJ3
M'-=2,H)"(<K"I7:#(P:1AP,<,/UC^$OP>\,?`GP-9^&O"&B6&@:)8+B*VM8]
MJD]W8]7<]2S$L3R2:^>/^"=MWK5K\)/%K:/I^EWUTFH0FVCO-0DM(YF*`2!W
M2&4H%3!4A6W$D$*!N/T+9ZKXR?P?=SW&@^&8M?24"VLX]>GDLY8\IEGN#9AT
M;!?Y1"P^5?F&X[?UGA^<:F`IU8Q4;K9;+5GQ^97CB)0;O8Z:O@O_`(*'_P#)
MQ<O_`&#K?_V:OL?^V?'G_"+^=_PC?A'^VOM6S[+_`,))<?9?L^S/F>?]AW>9
MOX\ORL8YWY^6OB3]N&[UJ]^.<KZ]I^EZ;?\`V&`&&POY+Z';\V#YCPPG)[C9
MQZFO(XY_Y%R_Q+\F=>0_[S\G^AX_1117Y`?9!1110`4444`%%%%`!7ZF_#/_
M`))OX>_[!MM_Z*6ORRK]'_#.L^/+3PGHL>B^&_"-_IBZ;:^3/>^)+BSGD_<)
MNW1)8RJN&R!B1L@`\9P/T+P__BUO2/YL^<XB^"'JSTFJ/B?_`)%K4?\`KVD_
M]`-8^I:KXRB\8+!9Z#X9GT`RQAKR;7IXKP1D+YC"W%FR%E.[:OG`-@99<G%'
MQSJOC**[OX+/0?#,^@&/#7DVO3Q7@C*#S&%N+-D+*=VU?.`;`RRY./TNI\#]
M#YB.Z/S+HHHK^<C]*"BBB@`HHHH`****`"O6OV&/^3IO"W_;W_Z1SUY+7I?[
M']QJEI^T5X=DT6SL+_4U^T^3!>WCV<$G^BR[MTJ12LN%R1B-LD`<9R/2R;_D
M84/\<?\`TI'-C?\`=ZG^%_D?H[17):?K/CR30]1DN_#?A&#4XO+^PP1>)+B6
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MVF6FG"Z6ZTRXTBZ^P?:3+%)80V]Q%Y21^;/&\89><5^U]NKI!&LC!Y`H#$<`
MG')K\2/VX="_9R\*_M2_%&S^+/Q9^)S:-!K5]+X>TC_A4FIW=IX/UW4[FV>[
MO[?4(X2EW<EHECM9`08/-(4OP*_7#]E7]J;PE^U[\+1XK\%GQ$='BNGT\G6M
M#O-'NC)&JEOW-U''(5PPPVW!YP>#489WP-&,=>6*\[*T5JUH]>JZ-:[)&)=L
M7-O2[?E=W;T6^W1[6:6FKM?#O_DNWQ&_[AG_`*3M7H%>?_#O_DNWQ&_[AG_I
M.U>@5(SS_P#YNG_[E3_V\KT"O/\`_FZ?_N5/_;RO0*`/F#_@JC!<Z[\'_"NA
M:9\/O#/Q1UW6O$<2Z?X;UKPU::TE\T-O/.[0FZU'3X;6:..-Y%G,Y9=A58W+
M<=9_P3IT9_#G[+VGZ?+=3RSV>IZC'+93I<K+HK_;)2U@WVB6:0^03Y88R,I5
M5*$IM)\U_P""J/QRE\*Z7X-\&+X;EGA\2:Y`)M:OO`NJ^*+#3T2&XEWQ1Z9-
M%<QW"M"!YJ.IA1VDPRJV/9/V(DTA/V<]'_L3_A'&LS/=;I-%FNY;>>7[1)YD
MCM=_Z09B^XR>:6</N!9L9JJ'P5&MF_T7W;==>S2;3*^]-/I_]M^/X6W3:5NW
M^*OQ>\)?`KP1=^)_&_BCP[X-\-V!1;G5M<U*'3K&W+N$0/-,RHI9V51DC)(`
MY-<#9?\`!0KX`ZDGAQ[;XX_!^X7QA.UKH)C\9:<XUN99!$T=KB;]^XD94*Q[
MB&8#J<5Z)\3M;UGPU\.==U#PYHLGB/Q!96$TVFZ6D\4#:A<*A,</F2LD:;GP
M-S,``<YKXO\`&7[(WQ2^#6M_#6^^&C_$67XE1:6UMXB\1V;>&V\(7\UWJ*7V
MHG5(;YCJ6UY3,R?V<H9047>`.%2UJ*,MFTK^J?X72N^B:T;T)K-QIN4%=ZZ>
MC5_G9Z+[5FKJS:^[**!G`SC-<SJ7Q9TK2O&"Z'+:>)GO7ECA$D/AS49K/=(%
M*DW*0&`*-PW,7VKSN(P<(H\U_P""A7_)N-U_U_V__H1KX'K[6_;R^*&F:Y\'
M=1T6"U\11WEMJ42/)<>'[^WM"4<@[;F2%87!QP5<AARN17Q37Y!QS_R,5_A7
MYL^RR'_=GZO]`HHHKXX]H***\K_:)^)?BWP[>6.@^$-%N[O4-5C)^W+"7CM^
M2-H)&P-P22QPHP<<Y'1A<-+$5%2@TK]6[)>;(JU%"/,S=^,7Q^T'X,V!-_-]
MIU&1<PV,+`S/Z%O[B^Y_`'I7CNE>`_&W[6VHPZGXDN)=!\**WF6UM&-IE'8H
MI^\<?\M']?E!!Q78?!W]DFVT&_&N^+YQK^OS-YK)*QE@A<]SN_UC>YX'8'`-
M>T@8``&`*]9XS#X%<F#]Z?6;6W^%?JSE5*I6UJZ1[?Y_Y&-X%^'VC_#;0TT[
M1K**SMUP6(&7E;^\[=6/N?Y5LT45X=2I*<G.;NWU9V1BDK(^T?\`@F3_`,DS
M\1_]A-?_`$4M?2]?*G_!.WQ?:>%?A)XMN;J'5)8[+4(9)!9Z;<WLC!T"*$2%
M':0@C+!`2HPS`*0:^A;/XLZ5?>#[O7$M/$RV5E*(9(Y/#FHQWC,2@RELT`GD
M7YQ\R(5&&Y^5L?N'#'_(KH^GZL^$S7_>Y^OZ'35\%_\`!0__`).+E_[!UO\`
M^S5]C_\`"Z]&_P"$7_M?[%XN^R?:OL?E_P#"*ZI]JW[-^?L_V?SO+Q_RTV;,
M_+NW<5\2?MP^+K3QM\<Y;ZRAU2"`V,";;_3;G3YLC=G]U<(CX]#MP>QKS..?
M^1<O\2_)G5D/^\_)_H>/T445^0'V04444`%%%%`!1110`5^IOPS_`.2;^'O^
MP;;?^BEK\LJ_1_PS\:]&\(^$]%TZ[LO%TUQ;Z;:[GLO"NJ7T!W0(PVS0V[QM
MP1G:QP<@X(('Z%X?_P`6MZ1_-GSG$7P0]6>DU1\3_P#(M:C_`->TG_H!K'U+
MXLZ5I7C!=#EM/$SWKRQPB2'PYJ,UGND"E2;E(#`%&X;F+[5YW$8.*/CGXLZ5
MI5W?Z'+:>)GO7C\D20^'-1FL]TB`J3<I`8`HW#<Q?:O.XC!Q^EU/@?H?,1W1
M^9=%%%?SD?I04444`%%%%`!1110`5ZU^PQ_R=-X6_P"WO_TCGKR6O2_V/_$E
MOX1_:*\.ZC=QW\UO;_:=R65C/?3G=:RJ-L,*/(W)&=JG`R3@`D>EDW_(PH?X
MX_\`I2.;&_[O4_PO\C]':*Y+3_C7HVIZ'J.HQ67BY;?2_+\Y)?"NJ0SOYC;5
M\J%[<238(^;RU;8.6P.:WO#'B2W\7:'!J-I'?PV]QNVI>V,]C.-K%3NAF1)%
MY!QN49&",@@G]^/SP=JOAO3M>N]/N+[3[*]N-)N/M=C)/`LCV4WEO%YL18$H
M_ER2)N7!VR,,X8@W:**+C;"BBB@1\1?M5?\`!/;5_P!J;XKZOX9\8?M9>-K7
MP7XKOXKU_AO:6NBVN^UCE25;:*;R?M83=&#O#%NO-?;<48AB5%SM0`#)R>*_
M&C]J#P+^S)/\=OC3X?\`$-_<3_%[7/B-!<V_Q@/@?4[R+X=W$DEFT-A)J\:^
M5!+;@;(]LBQ)YD8D'#@_LO`I2!%+F0JH&X]6XZTZ'^ZTY+9Z]]XQ?Q;MJ]F_
M*Z=F*J_]HG%]+KMM)J]MDG:ZZ]&DT<#\._\`DNWQ&_[AG_I.U>@5Y_\`#O\`
MY+M\1O\`N&?^D[5Z!2&>?_\`-T__`'*G_MY7H%>?_P#-T_\`W*G_`+>5Z!0!
M\\_MZ^"/@Q?Q^#=>^*MKXK.H6.HR67A^Z\+)K1UF.::WE$@B.D#[6J"+S'9U
MPJ!-Q8`5W_[*GA_P7X=^#=I'X!U'5=6\/W-W=77VS4]0N[^]GN))G:8S2W;-
M.7\PL")#D8QVKP7_`(*8_$'3!?:+H/B.VT'3[+3KZQU;1M4USQKJW@*W6]W3
M1.;?6K.*2(7`61%6VF*>;YC@Y4Y'L_['GQ)TSQC\,(M,B\1QZUKFCY-_;S>)
M[/Q!?6:222>299[8X9&5&V,X#%5P<L&IT5>G)KOTVZ7OYW^6W4=?244_Q[ZV
MM\K+YM6MJ>M4444A!1110!X?_P`%"O\`DW&Z_P"O^W_]"-?`]??'_!0K_DW&
MZ_Z_[?\`]"-?`]?D''/_`",5_A7YL^RR'_=GZO\`0****^./:"BBB@`HHHH`
M****`/M'_@F3_P`DS\1_]A-?_12U]+U\T?\`!,G_`))GXC_[":_^BEKZ7K]R
MX8_Y%='T_5GP>:_[W/U_0*^"_P#@H?\`\G%R_P#8.M__`&:OO2O@O_@H?_R<
M7+_V#K?_`-FKS..?^1<O\2_)G5D/^\_)_H>%T445^0'V04444`%%%%`!1110
M`5^IOPS_`.2;^'O^P;;?^BEK\LJ_4WX9_P#)-_#W_8-MO_12U^A>'_\`%K>D
M?S9\YQ%\$/5FW5'Q/_R+6H_]>TG_`*`:O51\3_\`(M:C_P!>TG_H!K]+J?`_
M0^8CNC\I:***_G(_2@HHHH`****`"BBB@`KUK]AC_DZ;PM_V]_\`I'/7DM>M
M?L,?\G3>%O\`M[_](YZ]+)O^1A0_QQ_]*1S8W_=ZG^%_D?H=1117[\?G@45X
M[^TU^UC<_`?QEX.\*>'O`?B+XD>,O&DDLUKH^E7VGV#16%M)`M[=M-?3P1$Q
M)<(5B5C)(Q``50\B8GQ:_P""@^@_`3XEZSX=\:^"_'GAZ"PT2[UW3-6>/3[N
MS\20VK6R3):);7<MRLHDNX$5;B&'>SX4MUII72:ZWMY\JN[=^NV[32U32IQ?
MY?B[?UV6KT/?:*^87_X*BZ(J2Z6OPN^*\GQ!LKRYMM0\"I#I+:YIL5O:V]W+
M=2.+_P"Q-`(+NV<&.Z=F,RHJF3*#Z#^&GQ$TGXN_#K0?%>@70O=#\2Z?!JFG
MW`!7SK>:-9(VP>1E6!P>E/D=F^BM^-VOD[.SV=GV9#=FD^M[?+?[KK[T^J/Q
M0_;0^(.BV7Q[^)7A'0_BA\4H_A+XE\;ZUJOQ/^%FAZ3H=W/;VEC/9KJ6K/?7
M!2ZL[2>9TVVZ;Y)@S&/`.VOW&M/+^R1>4,1;!L^F./TK\6/V_P#]L3XX^$OB
M-\8O%'P^\-_L4>`;35?&X^&]I=^+--NI/&_C6\LI;=HRLCQ_8;E!YL;#S"RP
MX925D3`_8'X''QL?A!X</Q(_X1;_`(3TV$?]N_\`"-^?_9'VO'[S[-Y_[WRL
M_=W_`#8ZTL*T\#2MLE'7O>$6K=;<O*TFWRWLK)I(Q"MC*GK+_P!*=[]&^:Z;
M2][EN];MY/P[_P"2[?$;_N&?^D[5Z!7G_P`._P#DNWQ&_P"X9_Z3M7H%(9Y_
M_P`W3_\`<J?^WE>@5Y__`,W3_P#<J?\`MY7H%`'S_P#MG?\`!1/X:_L<^(M`
M\+>+K#QEXF\0^+[6XN[+0?"_A>[\07LUK`R++.\-NC;8E:1%W-C);`SSCN_V
M5OBAX9^-7P7TWQ5X3\+ZYX0T?5WE*:=K'AZ30;Z-HY&C8R6LBJZ9*$@D?,I!
M'!%?#/\`P6Q\/^,/%_[5WPAM?@Q8_&35_C?I_A[6+NUM/`OB/1/#<<>C-<64
M=U)=WNI02JP\PPA(5!#,,D`@-7U%_P`$K?B6WQ4_8J\.:A<Z_P"/_$6KV=YJ
M.F:O-XU>UDURTO[:]F@N;6=[5$@?R94:-7C&UD13DYJ\/'FH2J/>[\M%*2T[
MK1)O92NM]`K^[.,5MI][C>S[-[I;N.NVI]$T445`!7,ZE\)M*U7Q@NN2W?B9
M+U)8YA'#XCU&&SW1A0H-LDX@*G:-RE-K<[@=QSTU%`'S;^WE\+],T/X.ZCK4
M%UXBDO+G4HG>.XU^_N+0%W).VVDF:%`,\!4`4<+@5\4U]\?\%"O^3<;K_K_M
M_P#T(U\#U^0<<_\`(Q7^%?FS[+(?]V?J_P!`HHHKXX]H****`"BBB@`HHHH`
M^O?^"=OA"T\5_"3Q;;74VJ11WNH0QR&SU*YLI%"('4H\+HT9).&*$%AA6)4`
M5]"V?PFTJQ\'W>AI=^)FLKV43222>(]1DO%8%#A+EIS/&OR#Y4<*<MQ\S9\.
M_P""9/\`R3/Q'_V$U_\`12U]+U^Y<,?\BNCZ?JSX/-?][GZ_H<E_PI31O^$7
M_L?[;XN^R?:OMGF?\)5JGVK?LV8^T?:/.\O'/E[]F?FV[N:^)/VX?"-IX)^.
M<MC93:I/`+&!]U_J5SJ$V3NS^]N'=\>@W8'85^A%?!?_``4/_P"3BY?^P=;_
M`/LU>9QS_P`BY?XE^3.K(?\`>?D_T/"Z***_(#[(****`"BBB@`HHHH`*_1_
MPS\%-&\7>$]%U&[O?%T-Q<:;:[DLO%6J6,`VP(HVPPW"1KP!G:HR<DY))/YP
M5^IOPS_Y)OX>_P"P;;?^BEK]"\/_`.+6](_FSYSB+X(>K*FI?";2M5\8+KDM
MWXF2]26.81P^(]1AL]T84*#;).("IVC<I3:W.X'<<T?'/PFTK5;N_P!<EN_$
MR7J1^<(X?$>HPV>Z-`%!MDG$!4[1N4IM;G<#N.>TJCXG_P"1:U'_`*]I/_0#
M7Z74^!^A\Q'='Y2T445_.1^E!1110`4444`%%%%`!7I?['_ARW\7?M%>'=.N
MY+^&WN/M.Y[*^GL9QMM96&V:%TD7D#.UAD9!R"0?-*]:_88_Y.F\+?\`;W_Z
M1SUZ63?\C"A_CC_Z4CFQO^[U/\+_`"/N'3_@IHVF:'J.G17OBYK?5/+\YY?%
M6J33IY;;E\J9[@R0Y)^;RV7>.&R.*WO#'ARW\(Z'!IUI)?S6]ONVO>WT]].=
MS%CNFF=Y&Y)QN8X&`,``"_17[\?GAX-^WC^S+XP_:M\'Z+X5T+4/AK8>';NZ
M8:]-XE\,3ZOJ-C&$+0WFE21W4*6]]%*J%))%<(2)`<Q".3R_XG_\$HKOXN?$
M_P`2^(+[QEX3T!]6TAM,@U#PWX)^P>(=2=$@%K/K=_)>2KJIMWMXY$4P0`,.
MPXK[)HI15KV\_P`5;\ONZ%3ES))[+_._YV\M#X[D_P"":/CM/'L_Q(M_BYX?
MM_C!K4]]%K>M?\(0[:-<Z?=6=E:-;6^GG4/,@=$T^UD25[J;]X'+(Z,(U^G/
M@C\)M,^`?P9\)^!]'>XDTCP=H]KHUF]PP:5X;>%8D9SW8J@)/K745%J&GV^K
M6$]I=P0W5K=1M%-#*@>.5&&&5E/!!!((/!!JW4DH.*VTTZ:7MZ)7>W5M[MB;
MYG%S;=KI>CM?\E\DEL?&VH?\$C/@7\7/C9\2/$TOBGQ/KT_CBVO+6YT./Q!#
M/I_AW[=-#+J4EG"$+6\EV\$?FL68_>V;,U]F11+!$B(,(@"@>@%?F]\7/A9/
M9?M6:9HMEX%^&\7A6ZUJXT+2=>TG0]-BO/#%Q)&PM81J>GZA9W^FDR*J8%K<
M$G"%@Q!/Z*^%],GT7PSIUG=74U]<VEM'#+<3/ODG=5`9V;`R2023@9ST%%-W
MP\+:16B79;V\MT[>:[DU/X\N;63NV_G:_G=IZ]6GU.-^'?\`R7;XC?\`<,_]
M)VKT"O/_`(=_\EV^(W_<,_\`2=J]`J1GG_\`S=/_`-RI_P"WE>@5Y_\`\W3_
M`/<J?^WE>@4`?G)_P43L]>_:;\5:2FJ?LI_&S5?$GA35=7T[1-=\%_$?3_#>
MKG34:W4W"RI=Q2-:79*GRF#;3""P4E:^I?\`@FOX2TKP+^QOX4TG1OAQJGPH
MLK%KN,^'-3U>#5[ZVE^U2^9+/=0RRK-+*^Z5F,C-F0[L'('P#_P5I_9H\'Z5
M_P`%:/`?C7XB_M/_`!R^`O@WQ=X+U:(ZUI7CDZ!8:==P26"QZ;83F%DMQ.JO
M/-"Y/FM"K*<KBOK_`/X(BCP[_P`.]?#S>%8M?FT636];:'5M9U.74KOQ.?[4
MN0=6-Q*B-*+LCSPQ4#][QD<G3"*^$<N^_JI2CK9V5[-VM?6Z5M0Q3_?+U5O1
MQYK*]WIM?RU=]'ZY^W%\5O&GP3_9E\0>)?A]I7]L>*K&:RCMH/\`A'K[Q#Y<
M4M[!%<3?8+)TN;GRH'EE\N)PQ\OK7RWKG_!3?Q[-X$\0ZQX2\0_#GQ;:_"7P
M>?&7C2[G\$:MH<NM#[=>V[:9:V-S?&?2[J)+&82-=&X(DV`Q*&.W[?\`B=\-
M].^+G@F]\/ZK<Z_:6%^%$LNBZY?:)?+M8,/+N[*6&XBY`SLD7(R#D$@^2W7_
M``3.^"M['H"2^$KQAX>CDB4_\)#J8;5DDN/M4BZD1<9U0/<$S,+[SP9&9SEF
M),T&HSO/573_``?Y/6VE^K:21<W%TG%+WONZJ^OFDU>SM>Z5SW6UN!=VT4J@
MA95#@'J,C-<YJ6E>,I?&"SV>O>&8-`$L9:SFT&>6\,8"^8HN!>*@9CNVMY)"
MY&5;!STP&``!@"BDV91325]SYM_;RTSQ;#\'=1FU#6_#MUH3:E$8;2WT2:"[
MC4N?+#3M=.C%1@$B%=QY`7I7Q37WQ_P4*_Y-QNO^O^W_`/0C7P/7X_QS_P`C
M%?X5^;/M,A_W9^K_`$"BBBOCCV@HHHH`****`"BBB@#Z]_X)VVFM77PD\6KH
M^H:78W3ZA"+:2\T^2[CA8(#(71)HBX9,!0&7:022P.T?0MGI7C)/!]W!<:]X
M9EU]Y0;:\CT&>.SBCRF5>W-X7=L!_F$RCYE^4[3N\._X)D_\DS\1_P#837_T
M4M?2]?N7#'_(KH^GZL^#S7_>Y^OZ')?V-X\_X1?R?^$D\(_VU]JW_:O^$;N/
MLOV?9CR_(^W;O,W\^9YN,<;,_-7Q)^W#::U9?'.5->O]+U*_^PP$S6%A)8P[
M?FP/+>:8Y'<[^?05^A%?!?\`P4/_`.3BY?\`L'6__LU>9QS_`,BY?XE^3.K(
M?]Y^3_0\+HHHK\@/L@HHHH`****`"BBB@`K]'_#.C>/+OPGHLFB^)/"-AIC:
M;:^3!>^&[B\GC_<)NW2I?1*V6R1B-<`@<XR?S@K]3?AG_P`DW\/?]@VV_P#1
M2U^A>'_\6MZ1_-GSG$7P0]65-2TKQE+XP6>SU[PS!H`EC+6<V@SRWAC`7S%%
MP+Q4#,=VUO)(7(RK8.:/CG2O&4MW?SV>O>&8-`$>6LYM!GEO#&$'F*+@7BH&
M8[MK>20N1E6P<]I5'Q/_`,BUJ/\`U[2?^@&OTNI\#]#YB.Z/REHHHK^<C]*"
MBBB@`HHHH`****`"O2_V/[?5+O\`:*\.QZ+>6%AJ;?:?)GO;-[R"/_19=VZ)
M)8F;*Y`Q(N"0><8/FE>M?L,?\G3>%O\`M[_](YZ]+)O^1A0_QQ_]*1S8W_=Z
MG^%_D?<.GZ-X\CT/48[OQ)X1GU.7R_L,\7ANXB@ML-^\\V(WS-+N7`7;)'M/
M)W]*WO#%OJEIH<$>M7EA?ZFN[SI[*S>S@D^8[=L3RRLN%P#F1LD$\9P+]%?O
MQ^>!1110`4444`?)6G_&7X5^/?VJH=7U3X.^$Y=?\.>*Y_"=EXP*:3>:UI&I
M9:(&6,'[9;).,;'3<2DJ,X1"2/K6OSR\7:9X;^-'[;L6D>+?"6B>./%\/BNY
MM!90_#W[3!HNE;Y(TOH/$=K%_HETD/EO-'<W`=F\R)(U+(U?H+I&EPZ'I5K9
M6PD6WLXD@B$DC2N%50HRS$LQP.K$D]22:=+7#PD_ZT5_QOMI]G>+NJSMB9P7
M3\/>E;7JK=]?M;25N'^'?_)=OB-_W#/_`$G:O0*\_P#AW_R7;XC?]PS_`-)V
MKT"D,\__`.;I_P#N5/\`V\KT"O/_`/FZ?_N5/_;RO0*`/AC_`(+&?M"P_"&^
M\&:5>?M$?!3X+6.K07-P^G>/_!@\1#6GC:,++"#-&(Q'N(/#$F0<C'/IO_!(
M#]HKQ+^U1^P+X/\`&?BR\L-3UB]N-0M?M^GZ,=(L-1@@O9X8+BU@+$BW>&.-
MD8X+*0=JYP/BO_@I/\'?B%^S;^U=X7U'Q-^T#^U.?@WXNMM7O+W4_#WA^S\0
MGP]J/G0M9Z='%!I\DD,!C>;#R*^[RD7(.6K[0_X([:[X_P#$?_!/_P`'WGQ*
M?QE<>)9+G41'=>*K5;/5KZQ%].+*>:W")Y!>V\EA$5RH(!)ZU>$5\-*3W;^[
M62L]]=-KJ\;-*UK+%.U6,5_PZY?EIW=G9Z-W/IZBBBH&%<SJ7CS5;'Q@NF1>
M"O$U[9-+'&=6AGTX6:JP7=(5>Z6?:F2&Q%N.T[0W&>FHH`^;?V\O&VIZG\'=
M1TZ?P?XBTZSAU*)4U2XFL&M)PKD!E6.Y>8!^HW1`X/S!3Q7Q37WQ_P`%"O\`
MDW&Z_P"O^W_]"-?`]?D''/\`R,5_A7YL^RR'_=GZO]`HHHKXX]H****`"BBB
M@`HHHH`^O?\`@G;K]WH?PD\6S6NAZIK,EMJ$+1P6<ELDET60*RH9I8U!0#<V
M]E!!&TLV5'T+9^/-5N?!]WJ;^"O$UO>V\HCCTF2?3C>72Y3]XC+=&`*-Q/SR
MJW[MN/N[O#O^"9/_`"3/Q'_V$U_]%+7TO7[EPQ_R*Z/I^K/@\U_WN?K^AR7_
M``L?6?\`A%_[0_X0#Q=]K^U?9_[-^T:7]JV;-WG[OMGD^7GY<>9OS_!M^:OB
M3]N'7[OQ)\<Y;F]T35/#\YL8%^R7\EL\P`W8;-O+*F#V^;/J!7Z$5\%_\%#_
M`/DXN7_L'6__`+-7F<<_\BY?XE^3.K(?]Y^3_0\+HHHK\@/L@HHHH`****`"
MBBB@`K]'_#/Q'UG0?">BVEIX`\7:W;PZ;:[;VRN-+2";,"$[1->1R#!)4[D'
M*G&1@G\X*_4WX9_\DW\/?]@VV_\`12U^A>'_`/%K>D?S9\YQ%\$/5E34O'FJ
MV/C!=,B\%>)KVR:6.,ZM#/IPLU5@NZ0J]TL^U,D-B+<=IVAN,T?'/CS5;&[O
M],B\%>)KVR:/RSJT,^G"S560;I"KW2S[4R0V(MQVG:&XSVE4?$__`"+6H_\`
M7M)_Z`:_2ZGP/T/F([H_*6BBBOYR/TH****`"BBB@`HHHH`*]+_8_P!8N-!_
M:*\.W=II5_K=Q#]IVV5D\"3S9M90=IFDCC&`2QW..%.,G`/FE>M?L,?\G3>%
MO^WO_P!(YZ]+)O\`D84/\<?_`$I'-C?]WJ?X7^1]PZ?\1]9O=#U&[E\`>+K2
MXLO+\FREN-+,]_N;#>44O&C&P?,WF.F0?EW'BM[PQK%QKVAP7=WI5_HEQ-NW
M65Z\#SPX8@;C#))&<@!AM<\,,X.0+]%?OQ^>'S/_`,%''\?:/H?A_7]'\2^.
MO#'PW\+>=K/C"Y\#2Z9'XA46\D$L#@:C%)#)8HBW+W,4>)I%5%02`M$_F'[3
M'[2WQ+^&NK^-/%_@?XDR>)/"5AX;FN=32\T.QAT3P7-<36BZ<\;B-;B6Y6"6
M:>XCFG=`D:L8[<21JWU)\;_V2_AC^TKKWA35/B!X#\+>,M0\#WQU+0I]7T^.
MZ;39RA0NF\'@Y#;3E=Z1OC=&C+37]B/X+I\2]3\:K\(?A>/&6M)-'J&O#PK8
MC4[]9HS',LMQY7FR"1"58,QW*2#D<4H:*S_O?BK:_ILXVNG*]E=22?+R]+7^
M3O\`@M^DKV:5KOXY;]H[XK-^T1XA^"+_`!OUNTL?"T^KW\?Q#DTG0O[4U$6F
MD:3?+I\J&S%A\KZC,SM';))Y-N!N1MTI^U/V2_BCJGQO_9:^&_C/7+1+#6?%
MGAG3M7OK=$*+#//:QRR*`>0`S'`/053E_8I^#4_PQTKP3)\)/AD_@S0KS^T=
M-T%O"]B=+T^ZR3Y\-MY7E1RY9CO50V6//->E(D=I`JJJ111+@``*J`#I[`"M
MN>/(XVN_=U]%*[MTYKK1:+E3NW)F<US2BXJUD[ZO5MJWW6?WV5DM?S=^+GP8
M^'?[4/[55[J%U!KFE7.G>,Y_#O\`:3'PWXA:QU,EHT6:VNK>74+&*4D&,VLR
M'8Z,WEH3C]%?">AGPQX6TS33-]H.G6L5L9=I7S-B!=V"21G&<$GZFOG7XF_\
M$[;+6/VK?!OQ=T'5$FUK0]=^W7UEK.GZ;>1&WE1DE:UNI;*6]M95#`JL-Q&C
M`%&P#D?359T7;#QAL^OR2U^]NUM+:6NFV5GS8B4EM;3YREI]R5^O7K9>?_#O
M_DNWQ&_[AG_I.U>@5Y_\._\`DNWQ&_[AG_I.U>@4AGG_`/S=/_W*G_MY7H%>
M?_\`-T__`'*G_MY7H%`'YT?\%I/@,/CC^T!\+X/%GPW\:?'?X8V>B:FU[\/?
M"'BP:/JHU+S[1K;56MQ=VKW,$2K)'D2$1/*IQ\U?1O\`P2H^&WC_`.$O[$7A
M?0_B1;ZOIVNV]S?R6>F:KJ@U34-&TR2\F>PLKBZ#-YTL-JT,;-N;E<;CC-?*
M/_!;[1/%_B7]L'X-6OP9TSXS:K\<H/#>M3V$/@?Q-HOAB`Z/Y]DMV;J]U&"5
M7PYA*0J"">>#AJ^I_P#@DQ\67^,_[#7A?6;G6_B#K^IPW>HZ=J=QXUDM9=:A
MO+:^G@N()9+5$@D6*1&C1XUPR(IZYK3"7^JRMW?S]^6J_FM\/,]O@3LK"Q3_
M`'L;^7R]W;ROORZ<WQV>Y](T5F>-/&VB_#?PIJ&O>(M7TO0-"TF!KF^U'4;J
M.UM+.)1EI)99"$1`.2S$`5P.I?MP_!71O^$2%Y\7_A=:'Q^JOX8\[Q581_\`
M"1JSB-399E_TD%V508MV68#J:B*N[+?;YN]OOL_N935E=[?Y;_FOO/4:YG4O
MC3X-T;Q@OAZ\\6^&;37WEC@73)M4@CO&DD"F-!$6W[G#+M&,G<,9R*Z:BD(^
M;?V\OB_X2\0_!W4=`T_Q1X=OM=M=2BCFTZWU*&6[A:-R)%:)6+@J0001P1S7
MQ37WQ_P4*_Y-QNO^O^W_`/0C7P/7Y!QS_P`C%?X5^;/LLA_W9^K_`$"BBBOC
MCV@HHHH`****`"BBB@#Z]_X)V^-]%\&_"3Q;=ZQK&EZ5:V&H0R7,UY=1P1VZ
MR($C9V<@*&<%5)QD@@9-?0MG\:?!NH>#[OQ#;^+?#,^@6$H@N=3CU2!K.WD)
M0!'E#;%8F1."0?G7U%>'?\$R?^29^(_^PFO_`**6OI>OW+AC_D5T?3]6?!YK
M_O<_7]#DO^%_>!/^$7_MS_A-O"/]B_:OL/V_^V+?[+]HV;_)\S?M\S9\VW.<
M<XQ7Q)^W#XVT7Q_\<Y=0T'5]+UNP-C!&+FPNH[F$L-V5WH2,CN,U^A%?!?\`
MP4/_`.3BY?\`L'6__LU>9QS_`,BY?XE^3.K(?]Y^3_0\+HHHK\@/L@HHHH`*
M***`"BBB@`K]'_#/Q^\">"?">BZ7K7C;PCI&IVNFVOG6E[K%O;SQ;H$9=R.X
M895@1D<@@]Z_."OU-^&?_)-_#W_8-MO_`$4M?H7A_P#Q:WI'\V?.<1?!#U94
MU+XT^#=&\8+X>O/%OAFTU]Y8X%TR;5(([QI)`IC01%M^YPR[1C)W#&<BJ/CG
MXT^#=&N[_P`/7GBWPS::^\?D+IDVJ01WC22(#&@B+;]SAEVC&3N&,Y%=I5'Q
M/_R+6H_]>TG_`*`:_2ZGP/T/F([H_*6BBBOYR/TH****`"BBB@`HHHH`*]+_
M`&/_`!5I?@G]HKP[JFM:E8:1IEK]I\Z[O;A+>"+=:RJNYW(499@!D\D@=Z\T
MKUK]AC_DZ;PM_P!O?_I'/7I9-_R,*'^./_I2.;&_[O4_PO\`(^X=/^/W@35M
M#U'5+3QMX1NM,TCR_MUW%K%N\%EYC;8_-</M3>P(7<1DC`S6]X8\5:7XVT.#
M5-%U*PU?3+K=Y-W97"7$$NUBK;70E3AE(.#P01VJ_17[\?G@4444`%5M9T:S
M\1:1=:?J%K;7UA?0O;W-M<1K+#<1NI5D=6R&5E)!!&"#5FBE))JS&FT[H_+W
MX0:1;?"7_@H%X;\%^!-%O?#7@NS\6ZC/;^)(/$VLZ1H]S`EU+;S:+_8L$;Z?
M,L4P^S0RRO;+OA0JLC967]0J^8/BI^R5XO'[3/@3QEI\GA+Q1X7TKQ)+=W6D
MSZ&UEJ.DQW+;WN8KF"\@AG$<RQ2LES;SL642+^]12?I^KIR;P\%+XDW?[E;\
M++31M-_%S$55_M,Y17NNS7WR_'KT:32LH\IY_P##O_DNWQ&_[AG_`*3M7H%>
M?_#O_DNWQ&_[AG_I.U>@5)1Y_P#\W3_]RI_[>5Z!7G__`#=/_P!RI_[>5Z!0
M!\G_`+:_[-'[,W[;GC'P]>_$WQG9+K7@875KIYTSXA3Z'-9&8HLZL+:YC)8^
M6%.[D`$="16[^P%_P3I^"'[%EG=ZO\&)-;DTO6;7[$#)XPO]<TX1K*6(A2:>
M2*,[\Y*`'.03UK\O?^"F&O?L:>&/VRM(\=>`;#]C_P`::CH0UK1_&O@GQ3.N
MB?;=4GN(F.H23I:RK+/$\4R%95./-<J=QR/T8_X(4^#],\#_`/!,[P-9:-X@
M\#>(M+EO-5N[:7P>S2:-8K-J-S+]C@D=$>40%S$9'4,QC).>IK"1O0=6.G>V
MVKEUZW7O)K1IV;3NA8I6J*$M=>ODK_)IJUGK=72:U/?OVG]4UO0O@GJ]_P"&
MOA]_PM#Q%8-!<:9X>\ZRA-S<I,C1RA[R6*%3"P$P+2(<Q?*0VVOC'2?V</BI
MX,/@'7/AIX.^.'@3X@LM[!J]QJT_@J7P[)]LUC^T+YM4@6\N[I(I)'F>)=,D
M+HK(C,"#7Z&T4J;<)J:Z._X-/Y--I]UH]+!52J4W2>S_`.`T_5-73W3O;<!G
M`SC-%%<SJ7@35;[Q@NIQ>-?$UE9++'(=)A@TXV;*H7=&6>U:?:^"6Q+N&X[2
MO&$,\U_X*%?\FXW7_7_;_P#H1KX'K[6_;R\$ZGIGP=U'49_&'B+4;.;4HF32
M[B&P6T@#.2%5H[9)B$Z#=*3@?,6/-?%-?D''/_(Q7^%?FS[+(?\`=GZO]`HH
MHKXX]H****`"BBB@`HHHH`^T?^"9/_),_$?_`&$U_P#12U]+U\J?\$[=`N]<
M^$GBV&UUS5-&DN=0A6.>SCMGDM2J!F9!-%(I+@[6WJP``VA6RQ^A;/P)JMMX
M/N],?QKXFN;VYE$D>K20:<+RU7*?NT5;40%3M(^>)F_>-S]W;^Y<,?\`(KH^
MGZL^#S7_`'N?K^ATU?!?_!0__DXN7_L'6_\`[-7V/_PKC6?^$7_L_P#X3_Q=
M]K^U?:/[2^SZ7]JV;-OD;?L?D^7GYL^7OS_'M^6OB3]N'0;OPW\<Y;:]UO5/
M$$XL8&^UW\=LDQ!W87%O%$F!V^7/J37F<<_\BY?XE^3.K(?]Y^3_`$/'Z***
M_(#[(****`"BBB@`HHHH`*_4WX9_\DW\/?\`8-MO_12U^65?H_X9^'&LZ_X3
MT6[M/'_B[1+>;3;7;965OI;P0X@0':9K.20Y(+'<YY8XP,`?H7A__%K>D?S9
M\YQ%\$/5GI-4?$__`"+6H_\`7M)_Z`:Q]2\":K?>,%U.+QKXFLK)98Y#I,,&
MG&S95"[HRSVK3[7P2V)=PW':5XQ1\<^!-5OKN_U.+QKXFLK)8_,.DPP:<;-E
M5!NC+/:M/M?!+8EW#<=I7C'Z74^!^A\Q'='YET445_.1^E!1110`4444`%%%
M%`!7K7[#'_)TWA;_`+>__2.>O):]+_8_T>XU_P#:*\.VEIJM_HEQ-]IVWMDD
M#SPXM92=HFCDC.0"IW(>&.,'!'I9-_R,*'^./_I2.;&_[O4_PO\`(_1VBN2T
M_P"'&LV6AZC:2^/_`!==W%[Y?DWLMOI8GL-K9;R@EFL9WCY6\Q'P!\NT\UO>
M&-'N-`T."TN]5O\`6[B'=NO;U($GFRQ(W"&..,8!"C:@X49R<D_OQ^>'`?M%
M?M;>%?V9KKP_9ZU9^+M<UCQ/<B&PTCPQX<O=>U%XEDB2>[:WM(Y'2V@$R-)*
MP"J&51N=D1C6/VS/AAH'B3QMI-YXPTZ"^^'.E)K7B12DICTFU=I%5GD"["^Z
M*0&-6,@(`*C(SP/_``4!^#7CKXNP>%(/A[X.T*_\0^=<6D?C&7QG=^&]2\""
M1%D%W"+:VD>]A:2&,26AD1)B(DD5HV=H_-?CW^QM\;_C3\9/'TYB^&4/A[Q'
MX'TOPS8:Y/XBO7U&2]TZZFOXKJXTY=.6)8IKF;RWC2[;9&I<%RWE@@[K7^]^
M"NK==&M5]KF]UNSMI.,5&ZWLM//G2=^WNMM=N756<;^N3?\`!3/X-V_@:+7W
MUWQ*D4E_-IC::?!FM_VY;3PPI/*)M+^R?;H42"2.5I)(%18Y$<L$96/MOAOQ
M'8>,/#MAJ^E7<%_IFJ6\=W:7,+!XKB&10Z2*1U5E((/H:^)#^P]\<[3XYZC\
M:[6'X4'XB^*)-1L-3\-2^(=0.B:;876GZ;9I+#?"Q\ZXN(VTR.4JUK"KB=XP
MZ;1(WUE^S5\'$_9W_9V\">`8[UM23P5H%CH8NV3RS=?9K=(?,V_P[MF<=LUK
MRQY&V[/W=-]6I<ROUM:.NWO-*_*V93TE'D=TT[Z6MJK=?7[KZ)I'Q[I>I:-X
M=_;[L='T/QQ\)CK6J^,;JZNM<N/&MU9^*+]=\KS:#_9AMVMM06--T*?Z2I@6
M)6\KS(LG[XK\^KCXFZA\"?\`@H[H^@:/\2-.71/'/C.Y%_X/3Q']GO&EE1BT
ML>EWNGS2RQAU#22V%W`BEC*P*ES7Z"UG2=\-3?\`5[1NEY+2W??=MLK?[U4O
MUU^3E*S]7K?339:))>?_``[_`.2[?$;_`+AG_I.U>@5Y_P##O_DNWQ&_[AG_
M`*3M7H%(9Y__`,W3_P#<J?\`MY7H%>?_`/-T_P#W*G_MY7H%`'YY_P#!7KX^
MZY\(/CK\.O!6D_%GX;?LR^&?%FEZEJ]]\1/$WA"TUR*ZO;::V$>EQBY>.!))
M(Y99"7;>50[.0:^@/^"4O[0^N_M1?L1>&?%WB%-'EOIKS4;"/4M(L6L-/\06
M]M>SV\.I6\#9,4=S'&LP7)`\S@D8K\Y?VX/C/X>^)'C_`.+7P@_:"_:-\3?`
MJ]TOXO#Q.V=:N])GOO!:Z8T=E%H;^3+"[-,5:1%4[I$E+9.VOO/_`((@WGB_
M4/\`@FYX'G\8ZCXNUB66YU)M$O\`Q3(TFM7NBF_G_LV6[9@&,K6GDGD`X(X'
M2M,(D\+*7?E=_P#$N:S[.-^3E5E[DFTVKCQBY:T8KS7W-K3O&5E/F=VE."32
ME8^LZ***S$%%%<SJ6J^,HO&"P6>@^&9]`,L8:\FUZ>*\$9"^8PMQ9LA93NVK
MYP#8&67)P`>:_P#!0K_DW&Z_Z_[?_P!"-?`]?:W[>6I^+9O@[J,.H:)X=M="
M74HA#=V^MS3W<BASY9:!K5$4L,$@3-M/`+=:^*:_(..?^1BO\*_-GV60_P"[
M/U?Z!1117QQ[04444`%%%%`!1110!]H_\$R?^29^(_\`L)K_`.BEKZ7KY4_X
M)VW>M6OPD\6MH^GZ7?72:A";:.\U"2TCF8H!('=(92@5,%2%;<200H&X_0MG
MJOC)_!]W/<:#X9BU])0+:SCUZ>2SECRF6>X-F'1L%_E$+#Y5^8;CM_<N&/\`
MD5T?3]6?!YK_`+W/U_0Z:O@O_@H?_P`G%R_]@ZW_`/9J^Q_[9\>?\(OYW_"-
M^$?[:^U;/LO_``DEQ]E^S[,^9Y_V'=YF_CR_*QCG?GY:^)/VX;O6KWXYROKV
MGZ7IM_\`88`8;"_DOH=OS8/F/#"<GN-G'J:\SCG_`)%R_P`2_)G5D/\`O/R?
MZ'C]%%%?D!]D%%%%`!1110`4444`%?J;\,_^2;^'O^P;;?\`HI:_+*OT?\,Z
MSX\M/">BQZ+X;\(W^F+IMKY,][XDN+.>3]PF[=$EC*JX;(&)&R`#QG`_0O#_
M`/BUO2/YL^<XB^"'JSTFJ/B?_D6M1_Z]I/\`T`UCZEJOC*+Q@L%GH/AF?0#+
M&&O)M>GBO!&0OF,+<6;(64[MJ^<`V!EER<4?'.J^,HKN_@L]!\,SZ`8\->3:
M]/%>",H/,86XLV0LIW;5\X!L#++DX_2ZGP/T/F([H_,NBBBOYR/TH****`"B
MBB@`HHHH`*]:_88_Y.F\+?\`;W_Z1SUY+7I?[']QJEI^T5X=DT6SL+_4U^T^
M3!>WCV<$G^BR[MTJ12LN%R1B-LD`<9R/2R;_`)&%#_''_P!*1S8W_=ZG^%_D
M?H[17):?K/CR30]1DN_#?A&#4XO+^PP1>)+B6"YRW[SS938JT6U<%=L<FX\'
M9UK>\,7&J7>AP2:U9V%AJ;;O.@LKQ[R"/YCMVRO%$S97!.8UP21SC)_?C\\+
M]%%%`!114.IVCZAIMQ;I<3VCSQM&L\.WS(200'7<"-PZC((R.0:3=E<:6I\2
M^%/CY<VW[5\.F6WBOXBW6N:GXUO;0W&I([>$+[38[Z:VDM(D(86T\!7[.CJ(
M?.N(A\\HD*G[@KY0\5_LN_%/3/&_AG4H/#OP;^)=QX8U.6^L-8U34]1\(7T!
ME97DFN8+*VNK:^F,B)*=RPQF5%D"1NJD?4^CF\.DVIU`6RWYB7[2+<L81)@;
MMA;DKG.,\XJX)*C&+U:?Z*WGTUZ7;:WTBHV\1.:TB]E\V^FG56VT5K:(X?X=
M_P#)=OB-_P!PS_TG:O0*\_\`AW_R7;XC?]PS_P!)VKT"I*//_P#FZ?\`[E3_
M`-O*]`KS_P#YNG_[E3_V\KT"@#&\4_#KP]XYN+2;6]!T;6);!M]L]]917#6[
M>J%U.T\=1BMD`*````***%V!A1110`445R7B?XUZ-X1UR?3KNR\737%OMW/9
M>%=4OH#N4,-LT-N\;<$9VL<'(.""``>>?\%"O^3<;K_K_M__`$(U\#U]D_MT
M_&W1O$_P#N+2VLO%\4K7L#;KOPIJEG%@,?\`EI+;JF?;.37Q/_PDEM_SRU#_
M`,`9_P#XBOR;C7#U9Y@G"+:Y5LF^K/K\BJPCAVI-+5_H7Z*H?\));?\`/+4/
M_`&?_P"(H_X22V_YY:A_X`S_`/Q%?(_4L1_S[E]S/9]O3_F7WE^BJ'_"26W_
M`#RU#_P!G_\`B*/^$DMO^>6H?^`,_P#\11]2Q'_/N7W,/;T_YE]Y?HJA_P`)
M);?\\M0_\`9__B*/^$DMO^>6H?\`@#/_`/$4?4L1_P`^Y?<P]O3_`)E]Y?HJ
MA_PDEM_SRU#_`,`9_P#XBC_A)+;_`)Y:A_X`S_\`Q%'U+$?\^Y?<P]O3_F7W
MGW!_P3)_Y)GXC_[":_\`HI:^EZ^/_P#@GA\8M(\(_#W7H;NS\53/+J(=39>&
M=2OE`\I1RT,#A3[$@U]"?\-'>'O^@=X]_P#"'UK_`.1*_:^&H2CEE&,E9V_5
MGPV:23Q4VN_Z'>5\%_\`!0__`).+E_[!UO\`^S5]<?\`#1WA[_H'>/?_``A]
M:_\`D2OBG]NWXC:?XH^/,MU;6^O11&P@7;=Z'>V<F1N_@FB5\>^,&O-XUISG
MEZC!-OF6VO1G5D<U'$WD[:/]#RFBJ'_"26W_`#RU#_P!G_\`B*/^$DMO^>6H
M?^`,_P#\17Y-]2Q'_/N7W,^O]O3_`)E]Y?HJA_PDEM_SRU#_`,`9_P#XBC_A
M)+;_`)Y:A_X`S_\`Q%'U+$?\^Y?<P]O3_F7WE^BJ'_"26W_/+4/_``!G_P#B
M*/\`A)+;_GEJ'_@#/_\`$4?4L1_S[E]S#V]/^9?>7Z*H?\));?\`/+4/_`&?
M_P"(H_X22V_YY:A_X`S_`/Q%'U+$?\^Y?<P]O3_F7WE^OU-^&?\`R3?P]_V#
M;;_T4M?E'_PDEM_SRU#_`,`9_P#XBOTC^'G[0V@6G@#0H7T_QRSQ:?;H2G@K
M674D1J.&6U((]P2#7WW`="I3JUN>+6BW5NK/GN(*D91ARN^K/5*H^)_^1:U'
M_KVD_P#0#7(_\-'>'O\`H'>/?_"'UK_Y$JGXB_:*\/S>'[]%T_QV"]O(!N\$
MZTH^Z>I-K@?4U^C5/A?H?-1W1^;]%4/^$DMO^>6H?^`,_P#\11_PDEM_SRU#
M_P``9_\`XBOY[^I8C_GW+[F?HWMZ?\R^\OT50_X22V_YY:A_X`S_`/Q%'_"2
M6W_/+4/_``!G_P#B*/J6(_Y]R^YA[>G_`#+[R_15#_A)+;_GEJ'_`(`S_P#Q
M%'_"26W_`#RU#_P!G_\`B*/J6(_Y]R^YA[>G_,OO+]%4/^$DMO\`GEJ'_@#/
M_P#$4?\`"26W_/+4/_`&?_XBCZEB/^?<ON8>WI_S+[R_7K7[#'_)TWA;_M[_
M`/2.>O%O^$DMO^>6H?\`@#/_`/$5Z?\`L:^/[#P[^TEX;O;BWUN2&'[3N6UT
M:\NI3FUF`Q'%$SMR><`X&2>`37HY/A*ZQ]!N#24X]'_,CFQM:F\/42DOA?7R
M/THHK@_^&CO#W_0.\>_^$/K7_P`B5UOACQ);^+M#@U&TCOX;>XW;4O;&>QG&
MUBIW0S(DB\@XW*,C!&003^['P!?HKYR_;]^,7Q'^$W_")2>$]7T_P1X0:=[S
MQ1XQN_"-SXKBTF.&:W,=K)9V\\,D4-PKS"2\)9+>.)BWE[A*G(_"/]NOQK\0
M/CKX6N)AX,N/AAX^\::]X%T:VL["X76+6?2X;V3[?+=FY:&6&<Z?.%B2W0HL
MD3>:^2!=*FYJ\?/\+;]KMV2W>]N6S;JQ<(<[6G_#O\%%M]+:;Z'UW1114""B
MBB@#S_X=_P#)=OB-_P!PS_TG:O0*\_\`AW_R7;XC?]PS_P!)VKT"@#S_`/YN
MG_[E3_V\KT"O/_\`FZ?_`+E3_P!O*]`H`****`"BBB@`HHHH`****`"BBOB;
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M>&"-@9WN,W)A=C(7VR"+`#"E*BU45/?6VG?E<E]]M.K6MC"E5YTVU9)7U[?\
M#9]G==#['HHHK(U"BBB@`HHHH`***@U62XATNY>T19;I(F,*-P&?!V@^Q.*B
M<^6+D^A48W:1/17YD_`;]I;2;KQ9\&/LGQTUZ/XN^+_MJ?&31=2\8R7(\)HF
MC7L\\ATJ\D>TTEK:]C@$12WC$B`EA.I9C[9_P3P_:B\(_%;_`()[^-=9NOC3
M'K^G^$]9\5PZOXL@\20:I?:+8QZI?O;SO/\`O%3;9"*2(LNWR_+*J4VUT5:7
M)"4W)>ZKO73=J]_Y>TNH<KYXP7VG9+KUT:Z2T^'>S3ZH^RJ*_)C0OVD_!6NV
M&EBX_:+UB/X#:[J/B"]TN_L/BU>7FJZ-?I9Z?_96EWVKPWDESYT[?VC=QV4M
MPQ8M'"48)Y0]:_9U_:\M;7]I3PUX:^)?QU71_&^N_!*WU#Q#X:O/$5C;W/AS
M6!#;3SM%88^2Y6`37!\V.239O)S$`HGD\[:7UTM[DYV?9KD:?1)Q=WS(BH^5
M*4=4^VOVXPOZ>\GIV:Z7?Z&T5\G_`/!*KXN^$?C!X>^(>I^!?BI%\1?"%QKD
M=QHUG<>.&\6:KHELUM&A:[EDGGFMC<S1S31VTCCRD8#9&=T2?6%$X.-D^R?W
MI,49*5[=VON?]>79O<****@H****`"BBB@`HKYQ_X*/^/7\#>$_`":SXEU3P
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MBBF[W32EI6C)/=7_``D_FFHM*UVY-*R33?Z0T5^3^O\`[87ACXB_\$N[JZTG
MX_\`AG5O&&E^,_%-CI>M7?QSN_#^I@IJ.H&R,/V%V_M6<6YM7@T^?9!,C1X9
M4*Y_47X9ZW)XE^''A_4I5U!)-0TVWN76^M_L]TI>)6(ECYV29/S+GY3D=JJ5
M.W-_=:7WJZ_KTUWM$I).*[\W_DKL_OZ?.Z6C>W1116904444`>8_M'?LF>&O
MVI6T"/Q/JGCBVT[1+B26?3=%\4ZAI%AKL,D;(]KJ$%M*B7=N258I(#DIMSL>
M1'K>`_V(?AA\,OC#<>.]"\-/8>()WEF15U2\?3K*:6-8YI[:P:4VEM-*BA9)
M884DD&=S-DY]7HHC[KO'3?\`'?[^HYOF24M4O^'"BBB@04444`>?_#O_`)+M
M\1O^X9_Z3M7H%>?_``[_`.2[?$;_`+AG_I.U>@4`>?\`_-T__<J?^WE>@5Y_
M_P`W3_\`<J?^WE>@4`%%%%`!1110`4444`%%%%`&9XG\9:;X-MXI=2N?LT<[
M%4/EN^2!G'R@UB_\+S\*_P#04_\`):;_`.(KS;]NOX->)?C+X3T&U\-Z;_:4
M]E=R2S+]HBAV*4P#F1E!Y]*^9_\`AACXI_\`0K?^5*S_`/CM?(YMG>8X?$RH
MX?#.<5;5*3Z>2L>Q@\!AJM)3J55%]KH^S/!OCGX=?#K1FT[P]%I6@Z>]Q-=M
M:Z=I;6L)FFD:6:4HD8&^21W=FQEF9B222:U?^%Y^%?\`H*?^2TW_`,17P]_P
MPQ\4_P#H5O\`RI6?_P`=H_X88^*?_0K?^5*S_P#CM><^)\X?_,'+_P`!G_D=
M3RO![^W7WK_,^U_'W[1?@_X9?"+7/'>LZI/!X7\.1F2_N8-/N;J6,#;PL$4;
M32,2Z@+&C,2<`$T[X%?M#>$_VD/"]YJ_A.]U"X@TV]?3KZUU'2;S2-0TVY15
M<PW%G>117$$FQXW"RQJ2DB,,JP)^>X/V,?&'CS_@G_\`$/X7WT-OH.N>+;MA
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MF2S@C9:\(?\`!);XL?#7PZ^D:)/\+_L7B/1K71]64ZK?6\>B1V?B>^UF`6<8
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M/BB[TQYA>:[_`&EKL5_I7F,84\X6UL)D/F$>4TI$>Y69J^SZ)12C%IW;O?RU
M:_%)/YE!1114#,KQ?X$T/XA:?;V>OZ-I.N6EI=PW\$.H6D=S'#<0R"2&95<$
M+)'(JNKCE64$$$9K5HHIWTM_7]:#;"BO+?VUO@;K?[2O[+'C3P+X<U[_`(1K
M6?$5B+>WO2TBQG$B.T$AC.X13(K0N0&PDK?(XRC?EO\`\0[7QK_Z&CX6_P#@
MRO\`_P"0ZQJ5)1=HQN:0A%K5V/V:HK\9?^(=KXU_]#1\+?\`P97_`/\`(='_
M`!#M?&O_`*&CX6_^#*__`/D.L_;5/Y"_90_F/V:KQ[X9?MV?#[XO?&S4_AYH
MD7Q#/BG16*W\6H?#OQ#IEG9\.RF2\N;*.V59`C&-C+B4#Y"^17P=^R#_`,$-
M?B]\!?VG/!'C/4_&_@S3M-\-:K%?W3Z+>WLMY<1)DO;JK01*4F7,+Y<`1RN2
MK_<;ZT_:%_8L\6_%9?CPVE:KHEK_`,+,M-!CTV&>YGB2X&GEFN+2\:.,M'!<
MJ3"S1^81'*YV'&UKA4EO*/\`7W/;JK-OH93@N:,8O=K7LOZ\SZ/O_%>EZ7KV
MGZ5=:EI]MJFK+*]E9RW")<7@B`,AC0G<X0,I;:#M##.,U3\3?$?1?!WB3P[H
M^I7OV;4?%EW)8Z5%Y,C_`&J:.WEN73<JE4Q##(V7(!VX!)(!^$?`_P#P2)U3
MPQ\1O!WC-?A[\`[.ZT?Q!JM_;^%55[O1/`EK=V%K!&-)D?3T,K1W5JUTT/D6
MB-)=S$,A&YU_X)Z?\$K?B3^RS\2-*UKQ#/\`#?3M-M/$ZZ_+I/ADV]O90'^Q
M;[3Y6M[>STC3K>,R27$#[3$T@12'GF9%9NJ$$VU)VLD_F[:?*^K5UV;UMS5:
MDDDX*]W_`)ZOUMZ][:7_`$(K-\9^+].^'WA#5=?UBX^QZ3HEG+?WL_EM)Y,$
M2%Y'VJ"S852<*"3C@$U\-_M*_P#!-+QM\4_%GQ>N;+P!^SWXMU'Q]=I=:9XT
M\7B.^UZPLPUJ6T;[/=Z/?6\=NH@E:*4M-''(ZN;.0@AO/O#O_!'OXIZ/\-?A
M[X>FTWX/ZCJGA#1=>TC_`(2'5=4_M!],MK^XU&2&UL;(:)$EL8X[BV3[39RV
M04(4^S/%''&>:HY^P<X?%9:>;BWY7M)<KU5]U?W>;JA&//:6UVODFM?FM5H[
M:7M[W+^DW@[Q;I_C[PCI6O:1<?:]*UNSBO[*?RVC\Z&5`\;[6`9<JP.&`(SR
M`:CL?`FAZ9XPU#Q%;:-I-OX@U:WAM+[4XK2-+R\AA+F**24#>Z(9)"JL2%,C
M8QN.?E?]FS_@FYJG[.GP\^)WASPY>^'?!<'C[P-I&C0S^'_-C:UUV"PN;:\U
M1E"1@R2-);L)<^9)Y(+[2HKR/Q%_P2D\5>(_!7A6S7X)_LQ:9!HMMJ=C?>&X
M-;NVT6\O;J&S2/Q2671XV?5H3;2JJO&7VS$K>HV:ZZ\8QK3C2=TMGWWTOHMT
ME?3=-J,5)KGP<I3HPE6]UO==K6:TN]W=VUMR]6XI_H1XI\8Z1X&TQ+[6]5TW
M1[*2X@LUN+ZY2WB:>:5888@SD`O)*Z(B]69U4`D@5HU^9OQ1_P""+'BOXD:C
MXL;4?"WP2\4^?%X?N+;4O%LPUC5O%M]I=W8N[W=V^DBXT^"YM;::&2`2ZA'F
M<%%C'FK-](_L:?L?^(_@1^T_\3_&5]X/^%_A+1/&B1&`:'??VOJ]W*DC8:6[
M?3+*:*W6+8J6KR721D`1M$B[&2A&R][O]R2MO;XG?S6EXK6U.3]FI6UNE;UM
M?[KZ]-'9O2_U#1116104444`%%%%`!1110`4444`%%%%`'G_`,._^2[?$;_N
M&?\`I.U>@5Y_\._^2[?$;_N&?^D[5Z!0!Y__`,W3_P#<J?\`MY7H%>7^-M9N
M_!7Q]CUG^P?$&KV,GA\66[3;)KC;(;EGP3D`<#USR..:T/\`A?W_`%)/Q`_\
M$_\`]G0!Z!17G_\`PO[_`*DGX@?^"?\`^SH_X7]_U)/Q`_\`!/\`_9T`>@45
MY_\`\+^_ZDGX@?\`@G_^SH_X7]_U)/Q`_P#!/_\`9T`>@45Y_P#\+^_ZDGX@
M?^"?_P"SH_X7]_U)/Q`_\$__`-G0!Z!17G__``O[_J2?B!_X)_\`[.C_`(7]
M_P!23\0/_!/_`/9T`>@45Y__`,+^_P"I)^('_@G_`/LZ/^%_?]23\0/_``3_
M`/V=`'H%%>?_`/"_O^I)^('_`()__LZ/^%_?]23\0/\`P3__`&=`'H%%>?\`
M_"_O^I)^('_@G_\`LZ/^%_?]23\0/_!/_P#9T`>@45Y__P`+^_ZDGX@?^"?_
M`.SH_P"%_?\`4D_$#_P3_P#V=`'H%%>?_P#"_O\`J2?B!_X)_P#[.C_A?W_4
MD_$#_P`$_P#]G0!Z!17G_P#PO[_J2?B!_P""?_[.C_A?W_4D_$#_`,$__P!G
M0!Z!17G_`/PO[_J2?B!_X)__`+.C_A?W_4D_$#_P3_\`V=`'H%%>?_\`"_O^
MI)^('_@G_P#LZ/\`A?W_`%)/Q`_\$_\`]G0!Z!17G_\`PO[_`*DGX@?^"?\`
M^SH_X7]_U)/Q`_\`!/\`_9T`>@45Y_\`\+^_ZDGX@?\`@G_^SH_X7]_U)/Q`
M_P#!/_\`9T`>@45Y_P#\+^_ZDGX@?^"?_P"SH_X7]_U)/Q`_\$__`-G0!Z!1
M7G__``O[_J2?B!_X)_\`[.C_`(7]_P!23\0/_!/_`/9T`>@45Y__`,+^_P"I
M)^('_@G_`/LZ/^%_?]23\0/_``3_`/V=`'H%%>?_`/"_O^I)^('_`()__LZ/
M^%_?]23\0/\`P3__`&=`'H%%>?\`_"_O^I)^('_@G_\`LZ/^%_?]23\0/_!/
M_P#9T`>@45Y__P`+^_ZDGX@?^"?_`.SH_P"%_?\`4D_$#_P3_P#V=`'H%%>?
M_P#"_O\`J2?B!_X)_P#[.C_A?W_4D_$#_P`$_P#]G0!Z!17G_P#PO[_J2?B!
M_P""?_[.C_A?W_4D_$#_`,$__P!G0!Z!17G_`/PO[_J2?B!_X)__`+.C_A?W
M_4D_$#_P3_\`V=`'H%%>?_\`"_O^I)^('_@G_P#LZ/\`A?W_`%)/Q`_\$_\`
M]G0!Z!17G_\`PO[_`*DGX@?^"?\`^SH_X7]_U)/Q`_\`!/\`_9T`'P[_`.2[
M?$;_`+AG_I.U>@5YO\&[F[USXE>-M9FTC6-)M=3^P_9UU"U:"1_+B=&X.0<$
M=B>"/6O2*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
<*`"BBB@`HHHH`****`"BBB@`HHHH`****`/_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>79
<FILENAME>p6commodityprices.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 p6commodityprices.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X0!F17AI9@``34T`*@````@`!`$:``4`
M```!````/@$;``4````!````1@$H``,````!``(```$Q``(````0````3@``
M``````!@`````0```&`````!4&%I;G0N3D54('8U+C`P`/_;`$,``@$!`@$!
M`@("`@("`@(#!0,#`P,#!@0$`P4'!@<'!P8'!P@)"PD("`H(!P<*#0H*"PP,
M#`P'"0X/#0P."PP,#/_;`$,!`@("`P,#!@,#!@P(!P@,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#/_``!$(`1P#
M`0,!(@`"$0$#$0'_Q``?```!!0$!`0$!`0```````````0(#!`4&!P@)"@O_
MQ`"U$``"`0,#`@0#!04$!````7T!`@,`!!$%$B$Q008346$'(G$4,H&1H0@C
M0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I*C0U-C<X.3I#1$5&1TA)2E-45597
M6%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJ
MLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:X>+CY.7FY^CIZO'R\_3U]O?X
M^?K_Q``?`0`#`0$!`0$!`0$!`````````0(#!`4&!P@)"@O_Q`"U$0`"`0($
M!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R@0@40I&AL<$)(S-2\!5B
M<M$*%B0TX27Q%Q@9&B8G*"DJ-38W.#DZ0T1%1D=(24I35%565UA96F-D969G
M:&EJ<W1U=G=X>7J"@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>X
MN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR\_3U]O?X^?K_V@`,`P$`
M`A$#$0`_`/U-_P""V7[>?BK_`()K_P#!.KQE\6_!.E>']8\3Z'=Z=:V=OK<4
MTMA_I%[##(TB0R12-B-WP%D7#%2<@%6_##_B-6_:G_Z$']G_`/\`!'J__P`L
MZ_5__@[`_P"4)7Q'_P"PKHG_`*<[>OY(J`/U^_XC5OVI_P#H0?V?_P#P1ZO_
M`/+.C_B-6_:G_P"A!_9__P#!'J__`,LZ_(&B@#]?O^(U;]J?_H0?V?\`_P`$
M>K__`"SH_P"(U;]J?_H0?V?_`/P1ZO\`_+.OR!HH`_7[_B-6_:G_`.A!_9__
M`/!'J_\`\LZ/^(U;]J?_`*$']G__`,$>K_\`RSK\@:*`/U^_XC5OVI_^A!_9
M_P#_``1ZO_\`+.C_`(C5OVI_^A!_9_\`_!'J_P#\LZ_(&B@#]?O^(U;]J?\`
MZ$']G_\`\$>K_P#RSH_XC5OVI_\`H0?V?_\`P1ZO_P#+.OR!HH`_7[_B-6_:
MG_Z$']G_`/\`!'J__P`LZ/\`B-6_:G_Z$']G_P#\$>K_`/RSK\@:*`/U^_XC
M5OVI_P#H0?V?_P#P1ZO_`/+.C_B-6_:G_P"A!_9__P#!'J__`,LZ_(&B@#]?
MO^(U;]J?_H0?V?\`_P`$>K__`"SH_P"(U;]J?_H0?V?_`/P1ZO\`_+.OR!HH
M`_7[_B-6_:G_`.A!_9__`/!'J_\`\LZ/^(U;]J?_`*$']G__`,$>K_\`RSK\
M@:*`/U^_XC5OVI_^A!_9_P#_``1ZO_\`+.C_`(C5OVI_^A!_9_\`_!'J_P#\
MLZ_(&B@#]?O^(U;]J?\`Z$']G_\`\$>K_P#RSH_XC5OVI_\`H0?V?_\`P1ZO
M_P#+.OR!HH`_7[_B-6_:G_Z$']G_`/\`!'J__P`LZ/\`B-6_:G_Z$']G_P#\
M$>K_`/RSK\@:*`/U^_XC5OVI_P#H0?V?_P#P1ZO_`/+.C_B-6_:G_P"A!_9_
M_P#!'J__`,LZ_(&B@#]?O^(U;]J?_H0?V?\`_P`$>K__`"SH_P"(U;]J?_H0
M?V?_`/P1ZO\`_+.OR!HH`_7[_B-6_:G_`.A!_9__`/!'J_\`\LZ]0_8B_P"#
MNO\`:2_:4_;0^$/PYUWP1\#[31/'_C71O#>H3V&CZI'=PV]Y?0V\KQ,^HNBR
M!)&*ED8`@94C@_AC7O\`_P`$G?\`E*;^S3_V57PO_P"G>UH`_IN_X+B_\%Z_
M^',GBKX=:9_PJC_A9'_"?6E]=>9_PDW]C_8/LSP+MQ]DG\S=YV<Y7&WOGCX0
M_P"(YS_JUS_S)'_WKKG_`/@^+_Y*I^SM_P!@K7/_`$=8U^$-`'[_`'_$<Y_U
M:Y_YDC_[UT?\1SG_`%:Y_P"9(_\`O77X`T4`?O\`?\1SG_5KG_F2/_O71_Q'
M.?\`5KG_`)DC_P"]=?@#10!^_P!_Q'.?]6N?^9(_^]='_$<Y_P!6N?\`F2/_
M`+UU^`-%`'[_`'_$<Y_U:Y_YDC_[UT?\1SG_`%:Y_P"9(_\`O77X`T4`?O\`
M?\1SG_5KG_F2/_O71_Q'.?\`5KG_`)DC_P"]=?@#10!^_P!_Q'.?]6N?^9(_
M^]='_$<Y_P!6N?\`F2/_`+UU^`-%`'[_`'_$<Y_U:Y_YDC_[UT?\1SG_`%:Y
M_P"9(_\`O77X`T4`?O\`?\1SG_5KG_F2/_O71_Q'.?\`5KG_`)DC_P"]=?@#
M10!^_P!_Q'.?]6N?^9(_^]='_$<Y_P!6N?\`F2/_`+UU^`-%`'[_`'_$<Y_U
M:Y_YDC_[UT?\1SG_`%:Y_P"9(_\`O77X`T4`?O\`?\1SG_5KG_F2/_O71_Q'
M.?\`5KG_`)DC_P"]=?@#10!^_P!_Q'.?]6N?^9(_^]='_$<Y_P!6N?\`F2/_
M`+UU^`-%`'[_`'_$<Y_U:Y_YDC_[UT?\1SG_`%:Y_P"9(_\`O77X`T4`?O\`
M?\1SG_5KG_F2/_O71_Q'.?\`5KG_`)DC_P"]=?@#10!^_P!_Q'.?]6N?^9(_
M^]=?6'_!&W_@Y?\`^'MG[7%S\*_^%*?\*_\`L_A^ZUW^T_\`A+_[5W>1+!'Y
M7D_8H,;O.SNW\;>ASQ_*C7ZO?\&;?_*7#4O^R?ZI_P"E-C0!^D'_``5'_P"#
MK7_AVO\`MV>.O@I_PH7_`(33_A"_L'_$Y_X3;^S?MGVK3[:]_P!1]@EV;?M&
MS_6-G9NXSM'S_P#\1SG_`%:Y_P"9(_\`O77P!_P='?\`*=?XY_\`<`_]1[3*
M^`*`/W^_XCG/^K7/_,D?_>NC_B.<_P"K7/\`S)'_`-ZZ_`&B@#]_O^(YS_JU
MS_S)'_WKH_XCG/\`JUS_`,R1_P#>NOP!HH`_?[_B.<_ZM<_\R1_]ZZ/^(YS_
M`*M<_P#,D?\`WKK\`:*`/W^_XCG/^K7/_,D?_>NC_B.<_P"K7/\`S)'_`-ZZ
M_`&B@#]_O^(YS_JUS_S)'_WKH_XCG/\`JUS_`,R1_P#>NOP!HH`_?[_B.<_Z
MM<_\R1_]ZZ/^(YS_`*M<_P#,D?\`WKK\`:*`/W^_XCG/^K7/_,D?_>NC_B.<
M_P"K7/\`S)'_`-ZZ_`&B@#]_O^(YS_JUS_S)'_WKH_XCG/\`JUS_`,R1_P#>
MNOP!HH`_?[_B.<_ZM<_\R1_]ZZ/^(YS_`*M<_P#,D?\`WKK\`:*`/W^_XCG/
M^K7/_,D?_>NC_B.<_P"K7/\`S)'_`-ZZ_`&B@#]_O^(YS_JUS_S)'_WKH_XC
MG/\`JUS_`,R1_P#>NOP!HH`_?[_B.<_ZM<_\R1_]ZZ/^(YS_`*M<_P#,D?\`
MWKK\`:*`/W^_XCG/^K7/_,D?_>NC_B.<_P"K7/\`S)'_`-ZZ_`&B@#]_O^(Y
MS_JUS_S)'_WKH_XCG/\`JUS_`,R1_P#>NOP!HH`_?[_B.<_ZM<_\R1_]ZZ^P
M/^"*G_!R%_P^#_:GU_X9_P#"F?\`A7?]A^%;CQ/_`&E_PEO]K^?Y5Y9VWD>5
M]B@VY^U[M^\X\O&T[LC^4&OU^_X,J?\`E*;X^_[)5J/_`*=]'H`_I^HHHH`_
M.#_@[`_Y0E?$?_L*Z)_Z<[>OY(J_K=_X.P/^4)7Q'_["NB?^G.WK^2*@#[9^
M%^H1_!__`()J^&O$_@O5M>\,7NO>*+BS\<^)/#MBMUK&F1HK_9H0?.A,<3?N
MC_K8P3(><MM;VFZ^#>M_`L_'+7Y?%C^/OBYH?@G3;_0];.BPVFHVUK,TOFS*
MBLY:=53#3%F?`7YNU?GQ\*->^)W@'PMKWBCP->^/-$T32VMX-:U;0IKNVM;1
MI680)<S0D*A=@P0.1N(.,\UG1_';QQ#XZ?Q0GC+Q6GB:1=C:N-6N!?LO]TS[
M]Y'`XSVKY[%Y/5JSJ<LTN9MNZN]>5J.UTK)K1ZQ=K=_1H8V$%#FC?EZ7T>K=
M_7Y/5)]+'Z)_LLZQ>_$WX4_LY>+?']Q<ZAX];X@2V>DZGJ(W:CJ.FBWE+;I6
M&^6-6VX9B>0O)SSQW[$4SVO_``59^.L\3-'/;V?B.2*13AXV%VN&!'((]17P
M[KGQV\<>)_&%CXBU/QEXKU'Q!I9#6>IW.K7$UY:$'(,<K.73!_ND5L7/[6_Q
M6O-8M=1F^)WQ"EU"Q22.VN7\17C36ZR;=ZHYDRH;:N0#SM&>@K*>257[7E:7
MM(SC;I'F[::]WMJVS2GCXQ4%)-\K@[]7RN3U_P#`K+>R2/H3XK:YJ7Q9_P""
M5VG^+/B7+=ZEXRMO%_V+POK&I?-J-_8F%3*IE<>9/"&W_,6;YE49XQ7OWP(^
M,^C?L_?L3?LX^(/$?C(^&?"L$VLG5=*2UN;G_A)49IE%N8HHVB;#,&S,5`Z@
MDU^;?Q`^+/BKXLWT-UXJ\3>(/$UU;*4BFU749KV2)3C(5I&8@'`X'H*KZM\0
M_$&O^%=-T*_UW6+W0]&+M8:=/>R26EB7.6,43$I&6/)V@9K>ODKK471DTDY\
MS2V2Y7&RNK7UYKVW;=C&GC%"I&=K\L7'S;;NG\MM[V2LT?JG^RGXSTC4OV>/
M@I=:9X@U7X?:5XC^(6L266EV:#[+JB--=O%IMRP=56-EVH"4D&X*`H.&'-?"
MGPQHWB_]G^]TGQMH5AX>TF_^/IAU#1U.;6U)88MLX`,9?:G0`@]`#Q^;$'Q8
M\4VN@Z3I47B7Q!'I>@W7V[3+-=0F6WTZXW%O.A0-MCDR2=Z@'))S5CQ'\;?&
MGC'2+W3M7\7>)]5T_4;S^T+NVO-4GGANKG:%\^1&8AI,`#>06P`,USRX?E[6
M4XSLG)/S24U):]79=;V=K;LU>8\T.62UL_QC..WK-/3SOTM]HZE\4OBKK_\`
MP4RD\)ZK_;<G@?1O'FGQ?V6^G[]-T>UCO56S>)2A6V#@)AX]ADS@ELXIO[1W
MQ_F\/?\`!25E;5/B9\5-/\,>*I[VZ\$W5DTFGV0BB;Y[-!=3"0Q*7<$P1`!>
MP)Q\?ZM^TM\1]?LM/MK_`.('C:]M](FCN+&*?7+J1+*6,YCDB#.0C*0,%<$8
MXJ?7?VJOBAXHDLGU/XD>/=1?39Q=6ANO$%W,;68*5$D>Z0['"LPW#!PQ'>MJ
M.33@Z;]WW8N+MI>ZBN9Z7O[O1I[6EH*MCHS=1ZKG:=NUN;W5MI[WI_=9]"?\
M%*-`E\>?#'P-\5=,\>Z_XL\'>+KV^72[#Q):QQ:OH[E]TL(D7F6!67:H!V1X
M`7(;-?'U;_Q`^*_BGXLZC#>>*O$NO^)KNW3RXIM5U":]DC7^ZK2,Q`]A6!7I
MY=A)8:BJ3=[-V\E?1;*[75V5]V<N+K^VGS];:^;[VUMZ!16KI?@37-;\*:KK
MUEHVK7FAZ$\,6I:C!:226FGO,6$*S2@;(S(4<*&(W%6QG!K*KN?8Y@HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`*]_\`^"3O_*4W]FG_`+*KX7_].]K7
M@%>__P#!)W_E*;^S3_V57PO_`.G>UH`_5_\`X/B_^2J?L[?]@K7/_1UC7X0U
M^[W_``?%_P#)5/V=O^P5KG_HZQK\(:`/T1TV_E_::_9'N/">@:GXL^%6O_#C
MP*)M:\,ZII:+X?\`$%H$WF[4N`4GE(!69AN'\/&7KVOXT_\`)6/CY_V1"U_]
M!N:_*_4/CWXZU;P/'X8NO&GBVY\-0HL::3+J]P]BBK]U1"7V`#L,<5;LOVF_
MB3IWB>36[?XA>.+?6IK5+&2_CUVZ2Z>W0Y6$R!]QC4\A2<`]J^7Q.05*CERR
M23<G;SE:^N^ZV=[='T/6PV8QI*G=7<>7RTBXM+_R5Z];J^UW]2?L8_#[_ANC
M]BR_^$GG`Z_X%\566M:;R`Z:?=2B&[QZJFZ20^Y6O>-.^/MCXR\._M7:QI/B
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MEH!/C'2@MM;D/%<1^9!MN,[5!,JXD.`.7(Y()/SAXD^/'CGQEINI66L>,_%>
MK6>LSI=:A!>:O<3Q7TR*JI)*KN1(ZJB`,V2`J@=!5+7OBGXG\5>++77]4\1Z
M]J6NV/E?9M1NM0FFN[?RCF/9*S%UV'E<'Y>V*WPF52I8MXEM:W5NUXTUNDNL
M'TMJK):WBOBU.@Z"OKU_[>F^[Z2]=-VC])_VS/VA/"VE_$?Q[\/O$7B/_A-O
M$>M^.]'ET#2&MKEU\(1(;8RMYTT:HN\!OW<#,IW\GYFQU_[;>M/JWA[]H2UM
M=5U#QK/IE_H23^'M30+;^$8FCA;[=9Y=R^XG+$"+:P8D-C+?E!KGCO7/$_BV
M3Q!J>LZKJ.O2RK.^I7-W)-=O(N-KF5B7+#`P<Y&!Z5K3?'GQS<:QK&HR>,_%
MDFH>(H1;:K<MJ]P9M3B``$<[[\RJ```KD@`5PT>&_9JCRSUA:_9M.EMV5J>_
MQ7=VWK?>IF?-*III+;NDW-N__@>B^'2UM3]1?VA+%='^.W[27BOP[;B?XE^&
M_!FD-H4L<`FNK")XF$\\"D'#@`?,.5P/7GQG]@[XJ^-_$GP)^._B?QUK_B_3
M;VW\%6AT_P`21V>[5S:K)=D3Q2L\+W+*VX!VFS\N-X``'Q`WQY\<OX['BEO&
MGBP^)Q&(1JYU>X-^$`P$\_?YFT``8SCBM"R_:C^)NF^)KS6K;XB^.[?6=0B2
M"ZOX]?NTNKF-"2B/()-S*I)P"2!DXZTJ7#]2&&E0<DVXP5VMN6UTO)VOZMZ.
MXY9C%S4DFK._K\._I;3Y=CZY_8U_:(@\26_B'PQJOB7XP0W_`,0O$-E8:%\4
M18E]0DGC1-EA=%I9L1!L$Q),^5<[MJDU\F?M6_#W4OA3^TAXT\/ZQJEAK>J:
M=JLRW5]9PI!#=2,=Y<1H`L9.[E!PIR.U-@_:O^*=MJ5[>Q?$KQ_'>:D%6[G7
MQ#=B6Z"KM42,),N`HP,YP.*X2[NYK^ZEGGEDGGG<R222,6>1B<EB3R23SDUZ
MF$R^5+$.MHDTDUOJE%)WLK:*S2T>CLK:\M7$J5'V6KUNO+>ZW=]]+ZJV]G91
MT445ZQQ!1110`4444`%%%%`!1110`4444`%%%%`!1110`5^KW_!FW_REPU+_
M`+)_JG_I38U^4-?J]_P9M_\`*7#4O^R?ZI_Z4V-`'D'_``='?\IU_CG_`-P#
M_P!1[3*^9?\`@GMX2\.>.OVT/A[I/BR&UN="O=4"S07&##<.$8Q1N#P5:4(I
M4\'.#P:^FO\`@Z._Y3K_`!S_`.X!_P"H]IE?`=MYOVF/R?,\[<-FS.[=GC&.
M<YJ9P<XN$79M-76ZOI=>:Z"D]#[P\#>*O&OQP_X*,7'@OXH'5=0^&^G^,VBF
MTS4;`/IFF-&9180)O7;;)+MB7:A43!L$/NKJ/A9XV\5_%WXQ_M,>%OBO<ZC=
M_#K0-'U-_LNI0XLM`EAE"V1ME9=MNXBY01@;L!L,>:^*/C9\0/BU8ZV?"?Q'
MUOXBPZEX;F1O[&\27EXL^ERA`4/D3G=$VT@CY0<$=C69XR_:(^('Q%\.KH_B
M'QUXQU[2$*E;+4=:N;JV!7[N(W<KQ@8XXQ7SD\DG.FH)Q7N\NBV>GOK^]I^$
M==-?668)5?::_$I?).3Y?1W_`#TU/TL^*/[07A;]GSX;?#=_&GB,7/AC5/A%
M%9)X'%K<7"ZW=.B>7*1Y9MHPN"OF,X<9X&*/BG^T'X5_9]^''PX?QGXB$_A?
M5/A%'91^!A:W-PNMW3HGERD>6;:,+@KYC.'&>F*_+KQ9\0_$'CV+3H]=UW6-
M:CTBV6SL5O[V2Y%E`OW8H@Y.Q!V5<`>E'BSXA^(/'L6G1Z[KNL:U'I%LMG8K
M?WLER+*!?NQ1!R=B#LJX`]*SEPU&7QSWE)RM;9\]K:;^_N[O31JRM-+,G3Y;
M+X8Q2]5[/5^7N;*V^M]3[G_;0^*$_P`/OV+O@%9V/C_Q_P"$9]3\"D)I>A1G
M^S]7)2$%;MQ=PE!\Q&?*ER&;CL?HOXL:L7TW6M(L]3OO$-Y;_!:"X@\`W:!=
M)OU.]6O$)=MT\8`&P1*2-G[PY^7\K]._:B^)FC^$X]`L_B+XZM="BMS:)IT.
MO7<=HD)&TQ"(2;`F"1MQC':J8_:`\>KXDMM9'C;Q<-8L[+^S;>^_MBX^TP6O
M/^CI)OW+%R?D!V\]*,1D$ZD''F2]Z<K]^9MI/2^E[7NWNXM:%T,QC3E&=F[*
M*M_A<+M>O*^BZ7NKGU)_P2(GFL/"OQ^NK75U\.WEOX(E:'5MTR'36^<^=NA5
MI5VD!LQJ6^7@$XKZ,^#_`.T;X/\`B]>_$O5/#GB#4I]3\*_"9+'6_&^GV$EO
M?:C=)O+W443F&0NF-P9V1F)`RNT&ORY\,?$3Q!X(M-3M]%UW6=(@UJW-IJ$=
ME>R6Z7\)SF*4(0)$.3\K9'/2CPO\0_$'@>SU.WT37-8T>WUJW-IJ$5E>R6Z7
MT)SF*4(0)$.3\K9'/2NG'Y']9JU*KE9M)+[FG?JUKM>W5[*V>$Q_L8QA:]I7
M?I>#T\_=ZWW]3]7O!<TEU^V?H$Z>7K5C<?!:>2V\6-@W/BH$PDSSX'#J>-I+
M$;LECD`?._[27B_QG\"?@;^SUI?P7?5[#0O$GAQ;RY32+/SUU_4W'[Z.Y0(1
M<L!N_=2*P`S\O`Q\?Z3^T#X]T&"PBL?&_B^RBTJTDT^R2#6+B-;.VD*F2",*
MXV1L54LBX4[1D'`I/"?Q\\=^`O#,VB:%XU\6Z+HUSN\VPL-7N+:UEW?>W1HX
M4Y[Y'-8T\AG"2ES*25M&M'9U=^GVT]%9-:)*UJ>/BXI6:=K7[:4U==?L-;W:
MEJ[WO]K?M,_$V[^&/_!/SX!Q6WCOQ_X%O[_0=0VV7ARW\NVU24,F8[HK=0>4
MH9L9$<N`[_*,8:Y\0-0?]J+]D/Q%8:!J7BOX8:E\+O"%JOB+P/K.EQKHM[#$
MID6X@W@&*>1AE9"!(VT#H=Q^*O#W[4/Q,\(^%X=#TGXB>.M+T6WC,,6GVFO7
M<%K&ASE%C60*%.3D`8Y-4=?^/?CKQ7X.B\.ZKXT\6:GX?@"B/3+K5[B:SC"_
M=`A9R@QVP.*MY+.SLU?G<T_63>UM;)VU;[IQZD,?%<ET_=BHO7>UNO2]MTDU
MYG)T5J^*/`FN>!XM+?6M%U;1TUNR34].:]M)+<7]H[,J7$)<#S(F9'`=<J2K
M`'@UE5]&]['EI]0HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*_7[_@RI
M_P"4IOC[_LE6H_\`IWT>OR!K]?O^#*G_`)2F^/O^R5:C_P"G?1Z`/Z?J***`
M/S@_X.P/^4)7Q'_["NB?^G.WK^2*OZW?^#L#_E"5\1_^PKHG_ISMZ_DBH`_7
MG_@FWXV\,?LU?`C]DM;WQ%X>\*0>+!X_\?&\U[48].TV^\26UM+I.D0S7,A$
M<*Q@$J\C*JM,3D$C/AW[0/@][#]F;]GGX.^#?&'P5\6>(?AA>7OC'QJTOQ#T
M*+19-6U6^C%O:"YN;R*"]\JWM(UG:W>2.,2'<X4[C\':MX_U[7_">D:#?ZWJ
M][H7A]IWTO3I[R26TTTS,&F,$3$I$9&52^P#<5!.<"LBMZE=NK[6.EFG\HN3
MBM>R<5Y^SAV:<1A:#@]5K;RYE9_G+TYY]U;]"O\`@NAXFO/V@/$/A7XBQ?%3
M3_$R75BMQKO@6/XJ:7XLL/AWJ5R[`V>D"WN#YEH\4,;L+:)HX/D1Y2=N/KC]
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MK]3[T_:Q\#?`36_^"=>C^-?!W@3X0_#CXFZ_K<</]@:?XZNO%&KR64SM)#+:
MI%K=P;,1PHD=Q%J5DLADE8QNG$2?:K?\$X?V&_@_XUA\!?%JW^&OA77/#MII
M44,MO\4&?6_%6I1:++<ZFFH02ZG':Z7;R79@BB69[1V=7VRI&Z%?PYM;J6QN
MHIX)9(9X6#QR(Q5T8'(8$<@@\Y%:/C;QSK?Q,\6ZAK_B36-5\0:]JTQN+[4M
M2NY+N[O)3UDEED)=V/<L235.4>648KXG?SC9)*S]>9ROH[_#9*TI.ZD^B:\G
M=W;MTLK15M4KZWU/T+_;FTC]D/X0_LU^*]7^'_PR\&:A\0=:U^W\+:;IS^/I
MM1'AZ*'35EO-9A@T[6KV-HYKB9%A6:\NHT>)@S2;7CKV3]F3]C3]AFY^'_P]
MM/'VM_!^:PUO1/#-Y)XD;XGRP^(+_6I[E9M6L;NQ2]2'3K&*W62#S)X(7#,K
M"5B?E_'RBIC*UV]VXO\`\!5FDMK2;YGTO;1I6%*-[).UE)>MY)IOT2Y?2^S=
MS]<?"O[*O[%GPA\*:/;>*D^"_C7QE<6^C6MY%#\5YI=)M+[5]?N5E+S6=^F^
M'2M,AC65T<(QE5F<[E<Z^M_L??L31?M0>`=`T>+X+77P.\2/>ZCK7C.Z^+R'
MQ+8W/G7DUKH\5D=7A6VM_+@MK=KFZMF#+/N-S&Y5Q^.]%-S6FFS;^36WGRN[
MC>_1.\59U)7<G_,E\FNJ[7ZI66[5G9K]4_VM](^$/P0_8*_:*O\`X8>$X/!W
MA;QS<>$?`MC%:^(+;6;+6M;M9YM5O[JW>#5-5C2)+;[,I1;^?:TA!*DE1^5E
M;&K_`!$\0:_X0TCP]?Z[K-]H'A]YI-+TRXO9);/36F8-,T$3$I$9&52Q0#<5
M!.<5CUFT^9ROO;\$D_O:;MTO9:(N4TTM/7]/PLGW:;W84444R`HHHH`****`
M"BBB@`HHHH`****`"BBB@`KW_P#X)._\I3?V:?\`LJOA?_T[VM>`5[__`,$G
M?^4IO[-/_95?"_\`Z=[6@#]7_P#@^+_Y*I^SM_V"M<_]'6-?A#7[O?\`!\7_
M`,E4_9V_[!6N?^CK&OPAH`_9A_V8F\0_LP^+?@QX+\$0?$CQ'\-/@7X?O-#\
M-VVFQWMW=>(?%%W;76HZW!"RL[36]HT42SJ-T,:<%`2:X;5_V4K?X6_\%)?@
MU8:1^S+XD^+G@#X:^";+PSXI;PAX%77+'6M?CLB-0O7V1_9;^6SO;V%91,Y4
MM`L<C`8K\SOC+\>/%G[0.MZ3J7C#5FUJ_P!#T:R\/V<[V\4+I96<0AMXF,:K
MYA2-57>^YV`&YC7(UT3K)UG4MIS2=NMFYV5UJM*CVU34;27*C*G3<:*IWUY4
MGZ\M/F=NMY0NNC4I73<KK[`_;@_8E\::-_P49L?`GB2]\.QZ-XI\3V_A32?&
MNC>";3PKX;U$K+#!-)#;V<4-IYEL\P2X6(L4E1U9R>3^C?BS_@A!\*/"'[*G
MB7PI9?#'XQ:EXMT_Q'J6LV.F->Z4WCKQE:::]OID)LY/L!_L[3KB>_:Z9&BN
M"(H(Y"S!DQ^$E%8TVHT52:OO=[7^%KTM*+?9J336S6TVW6]JMELO+WDUT=G%
MI=&FDT[-I_T#_`3_`()`_`WX0>!_%7A6TL/"GBS3M=U[5H-%\5^)[/3]9O='
M,L6F:!;V[S+$J2F#4]3O7_=A$:6P5L!E!'S_`/&[_@AE\`/V?/AWJ7C'Q?I/
M[1WAS2_#FA:YK5[HMYK^DG6-12#5+33-("*--`MFOY9I7\MUE,:(OS,?O?CQ
M12J/G<9;-1Y7YV5HM=I+>[NI=4]PIM07+:ZYN;7LW=Q=K;[)I*VENJ?Z&_M;
M?\$F/"'PX^+?[-7A+P=X?^*WAZY^.^IVUE-#XUU(0Z[I[--;P7$,NDOI-I+;
M>5),P2X$MQ#.D9==O*CZR_XAO?@->7>M7S7W[0&@)X:FU-&\(ZBPOO%&O6<5
M_!9V>K16VFZ-=75M:2G[4PS93[U2)]\:.6'XU_`WXW^*/V;?BUH7CKP7J2Z-
MXJ\,W(O--OC:PW7V68`@.(YD>-B`3C<IP>>H!KF+R\EU"\EN)W:6:=S)([<E
MV)R2?<FJYDDK+6\W\I6Y4O\`#9VN^NU[-0HM[O917K;FYF^U[IZ=5HU'W7]]
M?MP?\$\O@'\#/B-\'/AMX&UGXHR^,_C#<V^I1ZYXIOK.STSP_HUYJL]K8M<6
M0M$G-PULB2R;IHA&0?D.[9']%^./^#>3X;>7XDTG1+#XZZ3X[T*S\5/I'A;6
M+_3IM6\;1Z8EO!9ZI:V\=FCVUG<7LX&V3S-T*EUE`^<?CM14VC[-P=[MRUOJ
MD[<MM-XVMVE=MI2LUJY?O%.VW+IT=K\U_*3:]+))VNG^QWC_`/X($_L__!LM
MX>\2^)?BU)XJ?1-?U22_M]9TR+2M+31='M);RXD5K)FFC.JW#6J1K(F4Y,NY
M#OM>%?\`@WD^%:?%CX@^%?$7A[]I"PL_AEI]C-%KZB::#XDRSF..:;1[.RT"
M]N%M()'RTL8O.'B#^4'+K^,]%4YW:DTKVL^U];-+=;[7L^O1+)1]Q0OML^MM
M-^C>C5[==-;M_?/_``5"\#^#_@O^P9\#O"'A:Z\0WVE2>-?&VK^&9?$-C]DU
MA=!-U:6L#7$95"ADFM9VQL3)5CM4Y`^!J[+XT_M`^+_VA=4T2[\7ZN=4D\-Z
M/:^']*C2UAM(-/L+9=L-O%%"B1HJ@DDA<LS,S%F8D\;6,8M-ZWUT;WLM%?SL
ME?SNS64DTE%6M=V[.3<FEY*4FH_W4@HHHJR`HHHH`****`"BBB@`HHHH`***
M*`"BBB@`K]7O^#-O_E+AJ7_9/]4_]*;&ORAK]7O^#-O_`)2X:E_V3_5/_2FQ
MH`\@_P"#H[_E.O\`'/\`[@'_`*CVF5Y-_P`$4_`>D?$'_@IS\+(-<M1?V&C7
M=WXA^RD`K=2Z=8W%]#$P/56EMT!'<$UZS_P='?\`*=?XY_\`<`_]1[3*^%O`
MWC[7?A?XJL]>\,ZUJ_AW7-/9FM=1TR\DM+NV)4J2DL9#J2K$'!&02.]:4JC@
M^:.CL[/L[.S^3L_D14@IQ<)*Z>_H?KW\$/CYX-UG3_V6/C/XF^*GPPN=.^$F
MF^+/'OBJPO?%=I%XBU#QAJ%[<316BZ:\@N7=I19%9O+\D(C$R``9\M_X)P:O
MXD^#OP=^.OA#Q;\5O`_PEC\9N^L1^/\`P=\:O#UOXBAU:UAE:&Q\FUO7GOK&
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M]=++W?--I2:V;6W4_H5_:;US]ES]ISX?MX0E\?\`P&\90^'M7-SHNB:]\1X=
M"T(1P267A^&[GN+>[@FD%OIVGW%S';Q3*THNE8!@RY^9_%WP=_89TCX[>$_#
M?A;X=_"WQ?H/B?Q#XBO=8U*;XQ&P'AG1;.[^Q:='&]UK5I;RR3NGVLQR3^=+
M;RL(R,K*GY!44HR]Y2GJ];M[RVM>W:RU^*UU=)V4N"4'"&BTY?[N^BOTU>CN
MDU&RTU_2_P#9'_8F^#?Q,^.?[5'B*^TCX,^+_`?PR:QT7PD;CQEJ'A/P7-?7
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MDF5LI+%%M15VDY9_<_B1^RA^P'X3L[W5M+N?@QK/AM]-U9O%%S;_`!1OCJ'A
MC4;;2X([:U\/V!O?M-_'<:BTTBSSI<QF-2-RC;G\?]"^(7B#PMX;UK1=,US6
M--T?Q)'%#J]C:WDD-MJB12"6-)XU(654D`=0X(5@",'FL>HBDJ<:;UM'E;ZM
MW;YK]'KI;LNB<7HI?O'4MO*Z71*T4E]\7][NFW<_9'6OV*OV$?@E!X[\4:UK
M'PC\<Z3IL;W_`(<T#3/BP9;W4[2Q\.G>K_9[TNEQ?ZO+&RQ'<Z+`RJB+N2NS
M_9Z^`?[#?PU^.OA_QYH]Y\`UN?"NMZ7>ZW;ZC\4;J.QT`VFAV^H22Z-!)J'G
MW\DVIR&!1*]U$GV=U9<DBOP[J6POY]+OH;JUFFMKFVD66*6)RDD3J<JRL.00
M0"".0:U51\SDGRNT;-:-./VEMJ^NROM8PC!*"A+WM))WZI[+Y:V>KUUO96^W
M?^"XWC>\U7X@_!CPUKI?_A-/#7P[MKSQ1&[*TEGJ.J7MYJ[VSXZ-''?1`CMG
M':OAVM/QIXWUKXD^+-0U[Q'J^J:_KNK3-<WVHZC=275W>2M]Z2260EW8]V8D
MFLRN:G!1O96NY.W1<S<K+R5[(Z*E1RY;]%%>O+%1OY7M>W0****T,PHHHH`*
M***`"BBB@`HHHH`****`"BBB@`K]?O\`@RI_Y2F^/O\`LE6H_P#IWT>OR!K]
M?O\`@RI_Y2F^/O\`LE6H_P#IWT>@#^GZBBB@#R/]L;X9>&OC)X(\,^&?%_A[
M0_%?AO5O%&GQWNE:Q817UC>*K,ZK)#*K(X#*K`,#@J#U%<Y_PZ=_98_Z-I_9
M_P#_``WFD?\`R/7?_'[_`)DK_L:['_VI7H%`'@'_``Z=_98_Z-I_9_\`_#>:
M1_\`(]'_``Z=_98_Z-I_9_\`_#>:1_\`(]>_UXGI'_!0'X>:S>>-FC3QJND>
M!G2"XUL^$-4;2]7G:=K=K;39U@*ZA.LZ^48K7S',C!5#'.%?6P[?Y&9_PZ=_
M98_Z-I_9_P#_``WFD?\`R/1_PZ=_98_Z-I_9_P#_``WFD?\`R/78Q?MC_#F;
M]GEOBF-?G3P4K-";A]+O$O!.+@VQM39-$+O[5]H'D_9O*\[S?DV;N*Y/7/\`
M@IK\%O#?A71]9O?%&K0VFLFZ(C_X1?5FN]+2UE6*ZEU"W%L9M.A@D95EEO$A
M2(L`[+D5:A)RY$M=K=;]@MIS="+_`(=._LL?]&T_L_\`_AO-(_\`D>C_`(=.
M_LL?]&T_L_\`_AO-(_\`D>NM^'7[:7PV^+'Q>U#P-H&OW-]X@T]KE#NTB]@L
M+Q[9U2Y2UO9(5M;MX'95E6WED:)CAPIXKU*E;1/H]A/=KL>`?\.G?V6/^C:?
MV?\`_P`-YI'_`,CT?\.G?V6/^C:?V?\`_P`-YI'_`,CU[_12`\`_X=._LL?]
M&T_L_P#_`(;S2/\`Y'H_X=._LL?]&T_L_P#_`(;S2/\`Y'KW^B@#P#_AT[^R
MQ_T;3^S_`/\`AO-(_P#D>C_AT[^RQ_T;3^S_`/\`AO-(_P#D>O?Z*`/`/^'3
MO[+'_1M/[/\`_P"&\TC_`.1Z/^'3O[+'_1M/[/\`_P"&\TC_`.1Z]_HH`\`_
MX=._LL?]&T_L_P#_`(;S2/\`Y'H_X=._LL?]&T_L_P#_`(;S2/\`Y'KW^B@#
MP#_AT[^RQ_T;3^S_`/\`AO-(_P#D>C_AT[^RQ_T;3^S_`/\`AO-(_P#D>O?Z
M*`/`/^'3O[+'_1M/[/\`_P"&\TC_`.1Z/^'3O[+'_1M/[/\`_P"&\TC_`.1Z
M]_HH`\`_X=._LL?]&T_L_P#_`(;S2/\`Y'H_X=._LL?]&T_L_P#_`(;S2/\`
MY'KW^B@#P#_AT[^RQ_T;3^S_`/\`AO-(_P#D>C_AT[^RQ_T;3^S_`/\`AO-(
M_P#D>O?Z*`/`/^'3O[+'_1M/[/\`_P"&\TC_`.1Z/^'3O[+'_1M/[/\`_P"&
M\TC_`.1Z]_HH`\`_X=._LL?]&T_L_P#_`(;S2/\`Y'H_X=._LL?]&T_L_P#_
M`(;S2/\`Y'KW^B@#P#_AT[^RQ_T;3^S_`/\`AO-(_P#D>N7^(7_!.#]GCX6>
M*OA[KOACX"_!?PYK>G>,-.GM-0TOP3IEG=VTB.SHZ2QPJZLKJK`@@@J".0*^
MIZ\_^/W_`#)7_8UV/_M2@#PC]N/_`()F_!#_`(*1_M)>'+'XT^"?^$SM?"?A
MJ>?2D_MB_P!.^RO-=(LIS:3Q%]PC3A\@;>,9.?-_^(7']A/_`*(9_P"7GXA_
M^3J^O_\`FZ?_`+E3_P!O*]`H`^`/^(7']A/_`*(9_P"7GXA_^3J/^(7']A/_
M`*(9_P"7GXA_^3J^_P"B@#X`_P"(7']A/_HAG_EY^(?_`).H_P"(7']A/_HA
MG_EY^(?_`).K[ST_Q%I^K:E?V5I?6=S>:7(L5[!%,KRVCLBR*LB@Y0E&5@&P
M2K`]"*N4`?`'_$+C^PG_`-$,_P#+S\0__)U'_$+C^PG_`-$,_P#+S\0__)U?
M?]%`'P!_Q"X_L)_]$,_\O/Q#_P#)U'_$+C^PG_T0S_R\_$/_`,G5]_T4`?`'
M_$+C^PG_`-$,_P#+S\0__)U'_$+C^PG_`-$,_P#+S\0__)U??]%`'P!_Q"X_
ML)_]$,_\O/Q#_P#)U'_$+C^PG_T0S_R\_$/_`,G5]_T4`?`'_$+C^PG_`-$,
M_P#+S\0__)U'_$+C^PG_`-$,_P#+S\0__)U??]%`'P!_Q"X_L)_]$,_\O/Q#
M_P#)U'_$+C^PG_T0S_R\_$/_`,G5]_T4`?`'_$+C^PG_`-$,_P#+S\0__)U'
M_$+C^PG_`-$,_P#+S\0__)U??]%`'P!_Q"X_L)_]$,_\O/Q#_P#)U'_$+C^P
MG_T0S_R\_$/_`,G5]_T4`?`'_$+C^PG_`-$,_P#+S\0__)U'_$+C^PG_`-$,
M_P#+S\0__)U??]%`'P!_Q"X_L)_]$,_\O/Q#_P#)U'_$+C^PG_T0S_R\_$/_
M`,G5]_T4`?`'_$+C^PG_`-$,_P#+S\0__)U'_$+C^PG_`-$,_P#+S\0__)U?
M?]%`'P!_Q"X_L)_]$,_\O/Q#_P#)U'_$+C^PG_T0S_R\_$/_`,G5]_T4`?`'
M_$+C^PG_`-$,_P#+S\0__)U=1^S3_P`$>_V<_P#@G1^UKX/\4?!KX=_\(=KN
MN:?J>EWMS_;VIZCY]MY<4OE[+JYE1?GC0Y4!N,9P2*^UZ\_^(G_)=OAS_P!Q
M/_TG6@#RC5OV#/@9\??VHOB7K_COX,?"?QKKMQ_9?FZCKWA'3]2NY,6@C&Z6
M:)G.$C11D\*BCH!6Q_PZ=_98_P"C:?V?_P#PWFD?_(]=_P##O_DNWQ&_[AG_
M`*3M7H%`'@'_``Z=_98_Z-I_9_\`_#>:1_\`(]'_``Z=_98_Z-I_9_\`_#>:
M1_\`(]>_T4`>`?\`#IW]EC_HVG]G_P#\-YI'_P`CT?\`#IW]EC_HVG]G_P#\
M-YI'_P`CUV$7[7'A6^_:7;X56-GXNU77[6W>74=1L?#E[<Z%HTPCCF2TN]12
M,VT%S)#()$B=P=H&=IDB$C_A;^V)\-_C7X?\<ZKX6\31ZQIOPVU&XTKQ#<QV
M=PD=E<00I/*JEHQYZB-U8/#O1LX5B<BDW:/.]K.5_P"ZG9OTNTK[:KNBE"3?
M*EK=+YM72]6MCC/^'3O[+'_1M/[/_P#X;S2/_D>C_AT[^RQ_T;3^S_\`^&\T
MC_Y'JY8_\%&OA7?_``@M/'(N?'=OH.IWT6G:8EU\/?$-KJ6M32P^<@L;"2R6
M[O%,0:3?;PR(%1V+`(Q'K/PY^(FB_%OP+I/B;PYJ$.JZ%KELEW97<895GB89
M!PP#*?4,`0000",5<H25TUMOY7U_+4A232:ZZKS6VGS/&O\`AT[^RQ_T;3^S
M_P#^&\TC_P"1Z/\`AT[^RQ_T;3^S_P#^&\TC_P"1Z]_HJ1G@'_#IW]EC_HVG
M]G__`,-YI'_R/1_PZ=_98_Z-I_9__P##>:1_\CU[_10!X!_PZ=_98_Z-I_9_
M_P##>:1_\CT?\.G?V6/^C:?V?_\`PWFD?_(]>_T4`>`?\.G?V6/^C:?V?_\`
MPWFD?_(]'_#IW]EC_HVG]G__`,-YI'_R/7O]%`'@'_#IW]EC_HVG]G__`,-Y
MI'_R/1_PZ=_98_Z-I_9__P##>:1_\CU[_10!X!_PZ=_98_Z-I_9__P##>:1_
M\CT?\.G?V6/^C:?V?_\`PWFD?_(]>_T4`>`?\.G?V6/^C:?V?_\`PWFD?_(]
M'_#IW]EC_HVG]G__`,-YI'_R/7O]%`'@'_#IW]EC_HVG]G__`,-YI'_R/1_P
MZ=_98_Z-I_9__P##>:1_\CU[_10!X!_PZ=_98_Z-I_9__P##>:1_\CT?\.G?
MV6/^C:?V?_\`PWFD?_(]>_T4`>`?\.G?V6/^C:?V?_\`PWFD?_(]'_#IW]EC
M_HVG]G__`,-YI'_R/7O]%`'@'_#IW]EC_HVG]G__`,-YI'_R/1_PZ=_98_Z-
MI_9__P##>:1_\CU[_10!X!_PZ=_98_Z-I_9__P##>:1_\CU7_99_8X^$/[._
M[2/Q%U/X?_"KX;^!=26TL;`7?A[PS9:9.+>2,2R0[X(U;RWDBC=DS@M&A()4
M$?0]>?\`P[_Y+M\1O^X9_P"D[4`>@4444`>?_'[_`)DK_L:['_VI7H%>?_'[
M_F2O^QKL?_:E>@4`%?&FB_`_]H7PA\1/B5KWP]\+?#GX<VLD5U9:)X?N?'=_
MJ.B>)KN>[AG_`+:>(:?LTJ1(VNLQP0RF>:4F7*QI(_V7122UOY-??U^[;HKW
MM=)II[:=4_NZ?UKTO9M/XKOO@'\4==^"&B_"W3?`?A'PQXB\(7MEX_&IR>*+
MW5=$U758=;2]%M->-IEM))+>%+J6>6.W/V9I(R(I`Z"N8\2?\$Z/C1=MXZU?
M3[KX8#7/CAI&LZ'XRM;C5;[[)X7COY$V3Z=*+3=?-#$'5HYDM!,Y5M\0&ROO
MNBKNK\UOYOGSI*2]'%1CILHIJSNW*3333V<6NZ<;N+OUM)REK>[DT[JR7QY^
MR'^P5X^^`OCWP5I&N7WA"X^'_P`)+[7[WPUJ%C>7,NLZY_:LLK!+VW>!8K;R
M$GD4M'/.9B%;$/*'[#HHISJ2F^:6KZON^[\R*=*,+J"LNW8YG4OA-I6J^,%U
MR6[\3)>I+',(X?$>HPV>Z,*%!MDG$!4[1N4IM;G<#N.8/^%*:-_PE']L?;?%
MWVO[5]L\O_A*M4^R[]^_'V?[1Y/EYX\O9LQ\NW;Q76T5!H<SIOPFTK2O&#:Y
M%=^)GO7EDF,<WB/49K/=(&#`6SSF`*-QVJ$VKQM`VC!IOPFTK2O&#:Y%=^)G
MO7EDF,<WB/49K/=(&#`6SSF`*-QVJ$VKQM`VC'344`<EX8^"FC>$=<@U&TO?
M%TUQ;[MJ7OBK5+Z`[E*G=#-</&W!.-RG!P1@@$'ACX*:-X1UR#4;2]\737%O
MNVI>^*M4OH#N4J=T,UP\;<$XW*<'!&"`1UM%`',^#/A-I7@/5)+RQN_$T\TL
M1A*ZCXCU'4H@I(.1'<3R(&RH^8`,!D9P2#!H/P4T;PY]M^SWOBZ3[?:O9R_:
MO%6J76U'QDQ^;<-Y<@QQ(FUUYPPR:ZVB@#DM!^"FC>'/MOV>]\72?;[5[.7[
M5XJU2ZVH^,F/S;AO+D&.)$VNO.&&34_AWX3:5X7TO4[.VN_$TL.K1>3.UWXC
MU&\E1<,,Q233L\+8<_-$5;(4YRJD=-10!R6G_!31M,T/4=.BO?%S6^J>7YSR
M^*M4FG3RVW+Y4SW!DAR3\WELN\<-D<4:?\%-&TS0]1TZ*]\7-;ZIY?G/+XJU
M2:=/+;<OE3/<&2')/S>6R[QPV1Q76T4`<S9_";2K'P?=Z&EWXF:RO91-)))X
MCU&2\5@4.$N6G,\:_(/E1PIRW'S-F#_A2FC?\(O_`&/]M\7?9/M7VSS/^$JU
M3[5OV;,?:/M'G>7CGR]^S/S;=W-=;10!R7_"E-&_X1?^Q_MOB[[)]J^V>9_P
ME6J?:M^S9C[1]H\[R\<^7OV9^;;NYH_X4IHW_"+_`-C_`&WQ=]D^U?;/,_X2
MK5/M6_9LQ]H^T>=Y>.?+W[,_-MW<UUM%`',WGPFTJ^\'VFAO=^)ELK*4S1R1
M^(]1CO&8ESA[E9Q/(OSGY7<J,+Q\JX@U#X*:-J>AZ=ITM[XN6WTOS/)>+Q5J
MD,[^8VYO-F2X$DV"/E\QFV#A<#BNMHH`Y+4/@IHVIZ'IVG2WOBY;?2_,\EXO
M%6J0SOYC;F\V9+@238(^7S&;8.%P.*G\1?";2O%&EZ99W-WXFBATF+R8&M/$
M>HV<KKA1F62&=7F;"#YI2S9+'.68GIJ*`.2U[X*:-XC^Q?:+WQ=']@M4LXOL
MOBK5+7<B9P9/*N%\R0YYD?<[<98X%3W/PFTJZU32;Q[OQ,)M%BAAMU3Q'J*1
M2+$<J9HQ.$N&)^\TP=G'#%AQ7344`%>?_'[_`)DK_L:['_VI7H%>?_'[_F2O
M^QKL?_:E`!_S=/\`]RI_[>5Z!7G_`/S=/_W*G_MY7H%`!0WW3G./;K112:N@
M1^;/P9^&^O7MK\8?!_[.OA;PY<RZO)]FUKQYXD\*:I\/M<O;@7^+S3[S4Y+&
M2;4+KR);EHKZ*V9825#!F(=O!?`'[+7Q`\/_``/G\+>,O@=JEEKMKX;U+2?@
MQ'HFF:CKUKX.UM?$&I2_:FNGLH1I3F.6Q:.ZF$:26]OD2DR-"/V@HK2A-T^3
MKRV_!-*W:R;4=[=;MMN:L>>4V_M7TWZQ>M][\JYMN;5*RLE':+(EK$LI#2A`
M'(Z$XY/YUB^-]1\46'V7_A&]'T'5M^_[1_:6L3:?Y6-NW9Y=M/OS\V<[<8'W
MLG&]6!\5?$>L>$?AQK>I^']%D\1:W96DDMCIJ2+&;N4#Y4W,0`,\GO@'&3@5
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MPP\J`LT\@!E$`""*(H)'#,I?Z5L/^#2?X^KH>R[_`&RM=E>3F:QBAU%()>G'
MFF[..<\F(]!QZ:PE4WFE\C*<:>T&_F?LI\6?CGJ/POUBY%PWPQL=*BV^7<Z]
MXT;2IFRJ9W1FSD5?F;`Q(V05/!;`N>#/C#??%O[!K?@9_A[XP\`:DT3VVOZ=
MXL:X^T0D*7DC2&UDA<C+;0)\,`N67/'X`:O_`,&BOB?X2ZC#>7]EKOCVSMFW
MRQZ7JMNL$^/X6CV)<8//W,'W'?%_X)&?MUZC_P`$(O\`@H1J_P`)?B%<3Z=\
M`/BOJ;/%->%E7PO?;UB2YD+_`'?+`2"Y)Y*+%(<;-I4:T7+EU3\QRHR4>;1K
MR9_1IJ6J^,HO&"P6>@^&9]`,L8:\FUZ>*\$9"^8PMQ9LA93NVKYP#8&67)Q!
M_;/CS_A*/)_X1OPC_8OVK9]J_P"$DN/M7V??CS/(^P[?,V<^7YN,\;\?-75P
M3I<PI+$Z21R*&5E.58$9!!'44ZMC$Y+^V?'G_"4>3_PC?A'^Q?M6S[5_PDEQ
M]J^S[\>9Y'V';YFSGR_-QGC?CYJGTW5?&4OC!H+S0?#,&@"60+>0Z]/+>&,!
MO+8VYLU0,QV[E\XA<G#-@9Z:B@#F=-U7QE+XP:"\T'PS!H`ED"WD.O3RWAC`
M;RV-N;-4#,=NY?.(7)PS8&8/#&L^/+O7((]:\-^$;#3&W>=/9>)+B\GC^4[=
ML3V,2MEL`YD7`)/.,'K:*`.9\&:KXROM4D3Q#H/AG2[(1$I+IVO3W\K29&%*
M/9P@+C<=VXD$`;3G(@T'6?'EQ]M_M3PWX1L_+M7>T^R^)+BY\^X&-D<FZQC\
MN,\YD&\K@81L\=;10!R6@ZSX\N/MO]J>&_"-GY=J[VGV7Q)<7/GW`QLCDW6,
M?EQGG,@WE<#"-GB?P[JOC*YTO4WU;0?#-C>Q19T^*TUZ>ZBNI,-\LKM9QF%<
MA!N59#AF.WY0&Z:B@#DM/UGQY)H>HR7?AOPC!J<7E_88(O$EQ+!<Y;]YYLIL
M5:+:N"NV.3<>#LZT:?K/CR30]1DN_#?A&#4XO+^PP1>)+B6"YRW[SS938JT6
MU<%=L<FX\'9UKK:*`.2T_6?'DFAZC)=^&_",&IQ>7]A@B\27$L%SEOWGFRFQ
M5HMJX*[8Y-QX.SK4]GJOC)_!]W/<:#X9BU])0+:SCUZ>2SECRF6>X-F'1L%_
ME$+#Y5^8;CMZ:B@#DO[9\>?\(OYW_"-^$?[:^U;/LO\`PDEQ]E^S[,^9Y_V'
M=YF_CR_*QCG?GY:Z;2I+J;2[9[Z&WM[UXE-Q%!,9HHI,#<J.50NH.0&*J2.=
MHZ">B@`KS_XB?\EV^'/_`'$__2=:]`KS_P"(G_)=OAS_`-Q/_P!)UH`/AW_R
M7;XC?]PS_P!)VKT"O/\`X=_\EV^(W_<,_P#2=J]`H`****`/DGXX?LI_$+XS
M?M7:N-"T^+X4>#=4L"NM^.O#7C6<:MXJCGLY+5K9]':T^RI=P%(&2]E>5XD2
M)8]P>6-*?[*?_!/_`,<?LBO\5](B\0P?$[PC\1-2@CM;'7]1M-%>PTZ'0H+%
M21IFD1+Y[RV\<!1-L:6Z1RJ3,LB2_85%.+M"5/I*/*[ZW5T]GITV2MOI=MO9
MUI.2EVM;I:UNN_1/5O9+9)+X.^'/[`/QI^$UCX7\0:!-X474?`GB1-2\/>`=
M=^(^N^)-&TZR.E7&FSPQZY>V;WL9;SUF5/LK11^3Y:@!RX^J_P!DKX*7G[._
M[//AOPAJ-];:EJ>FQS2WMQ;(R0/<3SR7$HC#?-Y8>5@N[G:!GG->C45<ZCE?
MFUV_!6_X/J<D*,(VY5:UU][O_7D<]\3]$TC5_"%S-KEYJMAIFEJU_//8:I=Z
M=)&L:,6+/;2)(RA2Q*Y()`."0,>)_LB_M)_`']O+X;:C'\(OB??>.-+TC4G>
M]^Q>+M6CU.TF7=#^\,LRW:P-M)0'$,GWTW9#5]%7%O'>6\D,T:2Q2J4='4,K
MJ1@@@]01VK\?/V[_`/@V.N_`?Q-_X73^Q%XSO?@I\4--<7">'X;^2UTB^^<,
MZ02`$P!P.8)`]O)@(5C4L:S-3]8+SX3:5?>#[30WN_$RV5E*9HY(_$>HQWC,
M2YP]RLXGD7YS\KN5&%X^5<0:A\%-&U/0].TZ6]\7+;Z7YGDO%XJU2&=_,;<W
MFS)<"2;!'R^8S;!PN!Q7Y._L0_\`!S/K/P7^*,7P1_;I\%7_`,'_`(DV#);C
MQ-]A:+3+X,VR.6YB7=Y2N0?])A+V[89OW2BOU_\`"?BW2O'GAFPUK0]2L-9T
M?5(%N;.^L;A+BVNXF&5DCD0E74CD$$@T`86H?!31M3T/3M.EO?%RV^E^9Y+Q
M>*M4AG?S&W-YLR7`DFP1\OF,VP<+@<4:A\%-&U/0].TZ6]\7+;Z7YGDO%XJU
M2&=_,;<WFS)<"2;!'R^8S;!PN!Q76T4`<SXB^$VE>*-+TRSN;OQ-%#I,7DP-
M:>(]1LY77"C,LD,ZO,V$'S2EFR6.<LQ,&O?!31O$?V+[1>^+H_L%JEG%]E\5
M:I:[D3.#)Y5POF2'/,C[G;C+'`KK:*`.2U[X*:-XC^Q?:+WQ=']@M4LXOLOB
MK5+7<B9P9/*N%\R0YYD?<[<98X%3^,_A-I7CS5([R^N_$T$T40A"Z=XCU'38
MBH).3';SQH6RQ^8@L1@9P`!TU%`')>)_@IHWB[7)]1N[WQ=#<7&W<EEXJU2Q
M@&U0HVPPW"1KP!G:HR<DY)),^I?";2M5\8+KDMWXF2]26.81P^(]1AL]T84*
M#;).("IVC<I3:W.X'<<]-10!S.I?";2M5\8+KDMWXF2]26.81P^(]1AL]T84
M*#;).("IVC<I3:W.X'<<P?\`"E-&_P"$H_MC[;XN^U_:OMGE_P#"5:I]EW[]
M^/L_VCR?+SQY>S9CY=NWBNMHH`Y+_A2FC?\`"4?VQ]M\7?:_M7VSR_\`A*M4
M^R[]^_'V?[1Y/EYX\O9LQ\NW;Q4^F_";2M*\8-KD5WXF>]>628QS>(]1FL]T
M@8,!;/.8`HW':H3:O&T#:,=-10!S.F_";2M*\8-KD5WXF>]>628QS>(]1FL]
MT@8,!;/.8`HW':H3:O&T#:,0>&/@IHWA'7(-1M+WQ=-<6^[:E[XJU2^@.Y2I
MW0S7#QMP3C<IP<$8(!'6T4`<SX,^$VE>`]4DO+&[\33S2Q&$KJ/B/4=2B"D@
MY$=Q/(@;*CY@`P&1G!()X,^$VE>`]4DO+&[\33S2Q&$KJ/B/4=2B"D@Y$=Q/
M(@;*CY@`P&1G!(/344`%%%%`!7G_`,._^2[?$;_N&?\`I.U>@5Y_\._^2[?$
M;_N&?^D[4`>@4444`>?_`!^_YDK_`+&NQ_\`:E>@5Y_\?O\`F2O^QKL?_:E>
M@4`%%%%`!1110`4444`%%9-WXUL[/7!ISPZNUPSK'OCTJZD@RV,?OEC,>.1D
M[L#G)&#B+_A/[#^V/L/V?6_/\[R-W]C7GD[MVW/F^5LVY_CW;<<YQS0!MT5D
MVGC6SO-<.G)#JZW"NT>^32KJ.#*YS^^:,1XX.#NP>,$Y&2T\:V=YKATY(=76
MX5VCWR:5=1P97.?WS1B/'!P=V#Q@G(R`:U%8FD>/[#6]1CM8+?6TEESAKC1K
MRWC&`3R\D2J.!W(R<#J11I'C^PUO48[6"WUM)9<X:XT:\MXQ@$\O)$JC@=R,
MG`ZD4`;=%9.@^-;/Q'>-!;PZO&Z(9";K2KJT3&0.&EC52>>@.>IQP:BTWQ_8
M:K]H\JWUM/LT+3OYVC7D.57&0N^(;VYX1<L>P-`&W16)IOC^PU7[1Y5OK:?9
MH6G?SM&O(<JN,A=\0WMSPBY8]@:ETOQK9ZQ9W<\,.KHEDGF2"?2KJ!V&"?D5
MXPTAX/"`GH,<C(!K45B6OC^PN].NKI+?6UBL]GF*^C7B2-N.!L1H@S\]=@.T
M<G`HM?']A=Z==726^MK%9[/,5]&O$D;<<#8C1!GYZ[`=HY.!0!MT5DP>-;.X
MT.;45AU<6]N_ELC:5=).3\OW83&)&'S#E5(Z\\'$7_"?V']C_;OL^M^1YWD;
M?[&O/.W;=V?*\K?MQ_'MVYXSGB@#;HK$_P"$_L/['^W?9];\CSO(V_V->>=N
MV[L^5Y6_;C^/;MSQG/%'_"?V']C_`&[[/K?D>=Y&W^QKSSMVW=GRO*W[<?Q[
M=N>,YXH`VZ*R9_&MG;Z'#J+0ZN;>X?RU1=*NGG!^;[T(C,BCY3RR@=.>1F*Z
M\?V%IIUK=/;ZVT5YO\M4T:\>1=IP=Z+$63GIO`W#D9%`&W16)=>/["TTZUNG
MM];:*\W^6J:->/(NTX.]%B+)STW@;AR,BI=4\:V>CV=I/-#J[I>IYD8@TJZG
M=1@'YU2,M&>1PX!ZC'!P`:U%8FI>/[#2OL_FV^MO]IA6=/)T:\FPK9P&V1'8
MW'*-AAW`J67QK9PWEE`T.KE[]$DB*Z5=,BAS@>8PCVQD=PY4KU(%`&M7G_Q^
M_P"9*_[&NQ_]J5Z!7G_Q^_YDK_L:['_VI0`?\W3_`/<J?^WE>@5Y_P#\W3_]
MRI_[>5Z!0`4444`%%%%`!116;XA\&Z/XM\G^UM*TW4_L^[ROM=LD_E[L9V[@
M<9P,XZX%`&E7X;_\%GOVT_''_!83]M?3?V#_`-FS5HQH,%R7^)?B:W+26L:P
M.OG0LZ'FUMB0)0#F6X,<0(VG?[K_`,'&O_!4)/V8_`_AK]GOX/Z)I_B;]H#X
MG(FF:/:VUG'<3^%K*=A"LL2%2%N)BHCA48"A6D.`B!_9?^")W_!%?PC_`,$S
M_P!E>VL?$VD:'XE^*_BU8]0\7ZO<01W96X*Y%G!(ZY\B$EAG^-R[G[P``/IG
M]BG]CCP3^P1^S7X9^%O@#3UL?#_ANWV>8P!GOYVYEN9F'WI9'RQ/;(`P``/5
M:Q-2^&GAS6/L_P!L\/Z)=_9(5MX/.L8I/)B7.V-<K\JC)P!P,U+KW@'0?%5X
MMQJFB:1J5PB"-9;JSCF=5!)"@L"<9)./<T`:U?EM_P`'#7_!(#2_VL_@UK'C
M?P]910:Q;1FYU$1Q9,,J*0E^H'/`^691]Y#NX*L3^EVK_#3PYX@U&2\O_#^B
M7UW-CS)[BQBED?``&6923@`#Z`4_4?AWX?U?5VU"[T+1KJ_9E8W,UE$\Q*@!
M3O*YR``!SQ@5G4IJ:L:4ZCB[GY$?\&O_`/P5QU+XCZ)=?LH?&*_N(/BG\.(I
M(?#=S?,3)K>FP];;>?ORVZ8*GDR0889\MFK]CZ_GU_X.(?\`@E/XE_9&^+F@
M_M)?`TWVC:EX:OXM3LIM.0--I\T+^:(]I!#>7@O&""'C$D95MJ[OU!_X(Y?M
M]?#C_@JW^RCI'Q,T_P`/^&M/\>Z9,MMXMTZ.TB-QI6J+\QE4X+^7*1YL3DDD
M'!.]&`*<VU9[K<*D.5W6SV/LFBL3_A6GAS^V/[1_X1_1/[0\[[1]I^PQ>=YN
M[=YF_;G=NYSG.>:EM/`.@V&N'5(-$TB'4V=I#=QV<:SEFSN;>!NRV3DYYR?6
MM#,UJ*Q[+P)H%IKC:I;:-H\6I&1W:[CM(UGWMD.2X&[<<G)SDY.:9I'PT\.>
M']1CO+#P_HEC=PY\N>WL8HI$R"#AE4$9!(^A-`&W163H/@'0?"MXUQI>B:1I
MMPZ&-I;6SCA=E)!*DJ`<9`./85%IOPT\.:/]H^Q^']$M/M<+6\_DV,4?G1-C
M=&V%^93@9!X.*`-NBL33?AIX<T?[1]C\/Z):?:X6MY_)L8H_.B;&Z-L+\RG`
MR#P<5+I?@'0=#L[NWLM$TBSM]03R[J*"SCC2Y7!&UP``PPS#!S]X^M`&M16)
M:_#3PY9:==6</A_1(;2^V?:8$L8ECN-ARN]0N&VGD9Z&BU^&GARRTZZLX?#^
MB0VE]L^TP)8Q+'<;#E=ZA<-M/(ST-`&W16):_#3PY9:==6</A_1(;2^V?:8$
ML8ECN-ARN]0N&VGD9Z&I8/`.@VNAS:7%HFD1Z9<OYDMHMG&L$K?+\S(!M)^5
M>2/X1Z"@#6HK$_X5IX<_L?\`L[_A']$_L_SOM'V;[#%Y/F[=OF;-N-VWC.,X
MXK7L[.'3K.&WMX8K>WMT$<44:A$C4#`50.``.`!TH`DKS_XB?\EV^'/_`'$_
M_2=:]`KS_P"(G_)=OAS_`-Q/_P!)UH`/AW_R7;XC?]PS_P!)VKT"O/\`X=_\
MEV^(W_<,_P#2=J]`H`****`/,(OVN/"M]^TNWPJL;/Q=JNOVMN\NHZC8^'+V
MYT+1IA'',EI=ZBD9MH+F2&02)$[@[0,[3)$))?A/^V!\-OCAHOC?4_"_BJTU
M+3/ASJ<^D>(;QH)K>WT^X@A2:4>9*BK(BQR*WFQEHR#PQP<>)_'#]E/XA?&;
M]J[5QH6GQ?"CP;JE@5UOQUX:\:SC5O%4<]G):M;/H[6GV5+N`I`R7LKRO$B1
M+'N#RQIR?PJ_X)=^-_A#\-/CO\/H_'<GBKPC\9C_`&3:W.JS6-C=>'-.'AZ+
M3EN5@T_2[>.6Y$T,<7DAXXOL\<;AA*)%EJ"3I2;T:@VO.7,NE]%9NR=FVKW2
M5Y=,:=/VBC*6EU?R5M?5]=+VVLY-J/M%I_P4S^#=]X)GUV+7_$3PPWUOIT>G
MCP=K7]LWLMQ$\T!MM-^R?;+F.2*.21)887C:.*1PQ5&(]@^'/Q$T7XM^!=)\
M3>'-0AU70M<MDN[*[C#*L\3#(.&`93ZA@""""`1BOBT_L.?'>Z^,V@_&N>#X
M2#XF>%VTS3[?PS'K^H#0=0L;2PU2T>1K\V'G03NVJ/*%%I(J"%8]S;S*/J;]
MDKX*7G[._P"SSX;\(:C?6VI:GIL<TM[<6R,D#W$\\EQ*(PWS>6'E8+NYV@9Y
MS6E2$%?D=]OR_KM;9ZJYP0E4]U25M-?6^WRVW?-\2T=EZ-163XS\-WOBC2X[
M>Q\0:OX<F242&YTZ.UDE=0"/+(N(94VDD'A0V5'(&0<C_A7&L_\`"+_V?_PG
M_B[[7]J^T?VE]GTO[5LV;?(V_8_)\O/S9\O?G^/;\M8FQPW[;/\`P3\^$?\`
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M_P`*?&W0-+0BYO\`0[.*>^U-53_61#3IPR,6P<&SYY`09!'I'[(W_!T_IOQ`
M_:&\)_"WX[?`;QU\!/$OC#4ETNQO=3F:2P65\+&9A<0V\L0:4B/A)`I926`)
MV_I3X;TFX^)_PU\.:EH?Q(\5FSN[8W<>IV]OI9FU..;#H90]FT:E%^4"-$/7
M=N;FOBW_`(.$_P#@E%>_\%"_^">5U!I6IZOXA^)?PLCN=?\`#DEQ#:)/K#\-
M/:.8H8P"\"%(UCV*76(N&(##J3.5H_1*BOSU_P""#?\`P4"O_P#@JO\`\$]/
M"^I7GCO7=%^)'P[_`.*=\8C3XK&274)U5?L]Y(+BVD'[Z%0^8PJ^89UYV#'V
M[KWPXUG5_L7V?Q_XNTK[+:I;R_9;?2V^V.N<SR>;9OB1L\A-B<#"+SEB.MKQ
M#]OO]K6#]D?X%76JV[POXFU8M9:);N`VZ<CF5E[I&OS'/!.U?XA7<^-_"-]:
M:.FH3_$CQ1X?L='T\?;)XH=+$<PC!9[J4S6;A7(Y;9LC&WA%YS\*_#CPMJ/_
M``5?_;%U7QCJ%QJ.E?#?P,RP:7Y<<1=B&W0H%E1XR[D&60,C`+M0Y!4USXBH
MTE"'Q/;_`#.C#TTVYS^%;_Y'L_\`P2D_;#\0_M$^%?$WA[QOJ#WWBSPU="82
MRP)!+-;2$C:RJ`-T<BL#P,!T':OKFOSK_:OT>X_8\_X*5:#XVLM8U#PSX:^)
MBB+4;ZQCMR]L69([GB:.2/`803L60D[FQ@XK[NU+P)JM]XP74XO&OB:RLEEC
MD.DPP:<;-E4+NC+/:M/M?!+8EW#<=I7C"PTG9PD]8Z?Y#Q,5=3BM):_YG345
MS.I>!-5OO&"ZG%XU\365DLL<ATF&#3C9LJA=T99[5I]KX);$NX;CM*\8@_X5
MQK/_``E']H?\)_XN^R?:OM']F_9]+^R[-^[R-WV/SO+Q\N?,WX_CW?-72<QU
MM%<E_P`*XUG_`(2C^T/^$_\`%WV3[5]H_LW[/I?V79OW>1N^Q^=Y>/ESYF_'
M\>[YJGTWP)JMCXP;4Y?&OB:]LFEDD&DS0:<+-58-MC#):K/M3(*YEW':-Q;G
M(!TU%<SIO@35;'Q@VIR^-?$U[9-+)(-)F@TX6:JP;;&&2U6?:F05S+N.T;BW
M.8/#'PXUG0-<@N[OQ_XNUNWAW;K*]M]+2";*D#<8;..08)##:XY49R,@@'6T
M5S/@SP)JOA?5)+B^\:^)O$<+Q&,6VHP:='$C$@^8#;VL3[@`1RQ7#'@G!!X,
M\":KX7U22XOO&OB;Q'"\1C%MJ,&G1Q(Q(/F`V]K$^X`$<L5PQX)P0`=-1110
M`5Y_\._^2[?$;_N&?^D[5Z!7G_P[_P"2[?$;_N&?^D[4`>@4444`>?\`Q^_Y
MDK_L:['_`-J5Z!7G_P`?O^9*_P"QKL?_`&I7H%`!1110`4444`%%%%`!1110
M`4444`%?FK_P63_X+TW_`.Q+\8O#'P*^`WA*Q^+'[1/BNY@1=&GAFGL=(CE!
M\I9EA>-Y)Y#@B)74)&&DD91L#Z/_``7G_P""WMI_P3E\#VGPV^&D2>+?VA_'
MZ+::%HUI&;N71EG/EQW<L*`EY&<A8(<9D?G!52#F?\$$O^")T_[$'A^[^-/Q
MGD?Q5^TA\14-_JM]J$@NY_#2SC?):K*2V^Y8L?.E4G)^124!9P#P&Z_X.!_V
M[/@CY=K\1_V!/%.I7,$(:YN]!L]6ALG(4[BLBP7<:C*D[3(Q`ZD]3/8?\'E7
MA/P!);V?Q9_9K^+?P^U>7?OLXKF&Z(VNR_+]I2T9L87/RC#%ASC)_:.H=0TV
MVU:V:"ZMX+F%NL<J!U/X'B@#\I-*_P"#R?\`9)O_``A-J4^E?&"QOH@Q&E2^
M'[5KJ8CH%9+MH?F[;I%]\5S&H_\`!ZW^S+%L^R?#GX[3YSO\[2]*BV^F,:@V
M>_I^-?J7>_LJ?"[4[]KJY^&W@&XNG(9II/#]H\C$="6,><\"MO3_`(0^$M(N
M1-:>%_#MK,`1OBTV%&QZ9"YH`_'S5/\`@]K^!<3S"R^$7Q9N%4?NC.^GPESC
MHV)VVC/IG^E?37[!W_!S?^RU^W!>66BS^*IOA;XPO3LCT?QB$LHYWWA%6*\!
M-L[,67:C2+(V>$.#C]!-/TJUTF)H[2VM[5&.XK%&$!/K@=Z^1OV^O^"$_P"S
M5_P46AO+SQKX"M=&\6708CQ3X;VZ9JZN01O=U4QW!&<XGCD'M0!]>VMU%?6L
M4\$L<T$RAXY$8,CJ1D,"."".<BGU^%\__!)7_@H!_P`$;KN;5?V5OC$WQI^'
M=HQ8>!]=PKQP!CMC2TN)##E5;+/:S022&,?)T0=3\-/^#Q#0OA9I>J:!^TE\
M`?B;\-_B1H\8)TS2[162])*C+0WS6\UJ<ESM;S!MC)WEB%H`_:>BOQ.D_P"#
MCW]K+]M-Y+7]EK]C7Q!>:?>`/8>)/$J7-W92Q\9=B@M[:-CDA0;IQWY&5JN?
MV"/^"L/[?FY_BC\>]"^`WAK4P'ETGP_>I;WUDO&(U_LU=S@XR1)>GJ021\M`
M'ZS?M.?MO?"']C'P\FJ?%3XC^$?`MM,"8$U74(XKB[P,D0P9,LI`[1JQK\S_
M`-H+_@[O\`ZKXK/A']FGX2?$#X]>++@?Z,\=C/8VDO."T<*QR7<N./E,,?WA
M\U;'[-/_``:%?`_PCXE?Q-\;_&OCKX]>*KIDENY-1NY-,L;B08RSK'(URYP`
M/GN",#IZ?I;^S[^RQ\-?V4?"(T'X:>!/"G@722=SV^BZ;%9B9O[TA0!I&_VG
M)/O0!^/T/@#_`(*^_P#!1*:7Q+<>)O"/[,N@1Q/+I^A>8FGS7#!79-RI'=78
M+,51A<2(`%W"/^]%\./^#@3]I_\`X)8>-;/P)^W;\&]9U+16G%I:?$#0+2)#
M=\MA\QXLKHE49]L;0RJHRT9/%?N)6-\0?AUX?^+/@S4?#GBK0](\2>']7A:W
MOM-U2TCN[2\C88*212`JZD=B"*`/,_V.O^"A'P9_;[\%C7/A+\0-`\7P1QK)
M<VD$WE:AI^X<"XM9`LT1[?.H!QP37LM?D1^V)_P:A^$9_B(/B7^RE\0]?_9Y
M^(=E(UU;VEM=3RZ0TIW,1#(CBXL]S,`=K2Q!5VK"!7T)_P`$:?%W[;VGZ[XU
M\"_M;^&-!N=,\+6\">'?&UA/:&77Y=["19!#+^\4QF-E?[/$1M<.2Q``!]YU
MY_\`'[_F2O\`L:['_P!J5Z!7G_Q^_P"9*_[&NQ_]J4`'_-T__<J?^WE>@5Y_
M_P`W3_\`<J?^WE>@4`%%%#'"DYQCOZ4F[*X!17YN?"'XI_#OP-9?'K3;CXD>
M%O&NH7EE_:GB#XB0_'C5=+T&2Z6Y%O!:7]W#+(OAN\&](E2R#;XH1@`*(E\5
MTK]J#Q'??!>--6^*7C:T\1Z7X0O+GX2"U\9W[P>.?$":YJ$8@M[@2JWB*".!
M-.CB:Y$AGMY3.\2LY9=*$/:\MG\5OQYKVZO6+277=V0ZBY5.7\KMKI_+;R7Q
M7EV5]VFE^QM>=?M>?%CQ'\"?V7/B!XS\(>%KSQOXJ\,Z#=ZCI.@6J223:M=1
MQ,T4"K&K.Q9@!M0%CT`R17H-HTCVL1E4+*4!<#H#CD?G6+XWU'Q18?9?^$;T
M?0=6W[_M']I:Q-I_E8V[=GEVT^_/S9SMQ@?>R<2T1&5TF?E?_P`$`/\`@D_X
MU7XG^(?VQOVGM,U";X]_$.ZGN=)TS6;1H+KPO`X,33/"_,,\D0$:(0&A@`3@
MNRK^MU<SXBU7QE;:7ICZ3H/AF^O98LZA%=Z]/:Q6LF%^6)ULY#,N2XW,L9PJ
MG;\Q"P:]K/CRW^Q?V7X;\(WGF6J/=_:O$EQ;>1<'.^./;8R>9&.,2'86R<HN
M.44=;17):]K/CRW^Q?V7X;\(WGF6J/=_:O$EQ;>1<'.^./;8R>9&.,2'86R<
MHN.9_&>J^,K'5(T\/:#X9U2R,0+RZCKT]A*LF3E0B6<P*XVG=N!))&T8R0#I
MJ*Y+Q/K/CRTUR>/1?#?A&_TQ=ODSWOB2XLYY/E&[=$EC*JX;(&)&R`#QG`GU
M+5?&47C!8+/0?#,^@&6,->3:]/%>",A?,86XLV0LIW;5\X!L#++DX`)_BE\,
M=$^,OP_U7PQXBLH[_1]8@,%Q$W7!Z,I_A=2`RL.00".E?SC_`!A^!W[0/_!N
M;_P4RU;QA\#M`?Q=X1\;V<\<NCS1R/I>IPN28S+'&RD&*4AU*D&-A)'N$<GS
M_P!&.I:KXRB\8+!9Z#X9GT`RQAKR;7IXKP1D+YC"W%FR%E.[:OG`-@99<G'.
M^,_!VL_$?Q):V_B+X>?#?7M#L;[?;7.HZJ]U<V\6\#SD@DT\HLNP`[!*!D`;
M\?-6<X._-'<TA-6Y9;'X::%_P4X_X*O_`+;?F6'@3P?X5\#I.^PWVB>'H)4A
MY&5+W4EV(Q@$;F`QNX.<8[?3/^")G_!2C]LRV27XT_M:WW@C3IP5ET[3=;NY
M0R$#[]K9?9[=SD8PS<>O)%?M59WOC;3M>CL[?PMX-@\/Q7/E)/'XAG6X2VWX
MWBW%CL#[.?+\W;GC?CYJN:;JOC*7Q@T%YH/AF#0!+(%O(=>GEO#&`WEL;<V:
MH&8[=R^<0N3AFP,N,9?:?]?B*4H_97]?@?@K\2_^"9W[:W_!O-KK_%KX!?$F
M^^.G@!8$E\6Z+=:?-^^"+\[W&GF:1FC!+,L]O*)8QD,0N2_Z'_\`!*?_`(.*
M/@G_`,%+UL/#%Y=)\,OBY*/*E\):U<@"]E`.X65P0JW'0GR\+*`#\F`6K[;L
M-3\8W'BU[>]T#PQ#X>,DBB\BUV>:[:,!O+8VYLU3<WR[E\XA<G#-@9_)O_@J
M]_P;8V_[96L:E\0?`GA/PC\-O'*HUW,OA[7);A=1G&"K+"UG;H'X_P">B]!M
M*]&)-QUMH$5S:7U/V*HK^<W]D;_@OQ^TG_P2`\3+\.OVH?#?B#XK_#VPF-E:
M:Z'`UW2PB!1'YLNWS\$?ZJZ*2Y+$2E0JU[9;?\'M/@[6KBX@TG]G;QQJ5RD#
MR01)K\!:1P!@,%@8JA)P6`8CCY3TIQFI*Z8I0:=FC]QJ*_"6W_X.R_VA?C!?
M'3/AQ^Q1XAO-6G!$$7VS4M98'@`E(+&(D`GGD=1R.M8WQ!TK_@K!_P`%BKO_
M`(1/5O#UE^S5\.[U&^W3;Y=!CEB)P8I3YDU_*6!(V*JQMCYMH.2*5]@<;;GZ
M"_\`!2?_`(.)/V<_^";R7^C:AXB'Q!^(=IE!X5\,2I=7%O)_=NI\^3:XR,J[
M&7!R(VK\Y)O%'_!1?_@XGND?1X9?V;OV?M1<-'(DLMBEY#SAC+A;N_R1_`(X
M#QP",U]C?\$R/^#;+X:?L#Z&?$GB;P3X1^+/Q;L?)EM-9\0:W-/IQF+'S7BM
MFLMEKM&&1F6YDW?\M$ZU^BNG:QX[?0M0>Z\-^$8-2B\K[!;P^([B6"XRV)/-
ME-BK1;5P5VQR;CP=@YIV8)H_`*>R_P""A/\`P;A:S%;:3?2?&_X"V,BQP6-X
MDNHV$%N"@"0\_:+%@BE52-C$"2QB>OT>_P"":/\`P<I_L^?\%!8-.T+5M6B^
M$WQ+N=L4OAOQ'=+'#//T*6MX0D4^6X"L(Y3_`,\Z^V)G\8^(_"&L6VL^$O!,
M\TR)';V#:_/<V=\K,1*L[O8@H`O(`CDWDX.T<U^;'_!0C_@V2^'_`.VEHNI>
M)=%\/^'_`(;^/9)&9;;1]4EN;*[7@[O.>WB*.27&QHY$PJ`&,$E8;E'S7XE)
M1EY?D?JXK!@"""#R".]%?AS_`,$:_`W[<G[`7[;.F_!/Q?K?_";?"AK.Y6/3
M_$]Y<1+8!(':*2VN!!<M$@=`H1'>`AL`ANG[?Z5)=3:7;/?0V]O>O$IN(H)C
M-%%)@;E1RJ%U!R`Q521SM'05":DKHF<'%V9/7G_Q$_Y+M\.?^XG_`.DZUZ!7
MG_Q$_P"2[?#G_N)_^DZU1(?#O_DNWQ&_[AG_`*3M7H%>?_#O_DNWQ&_[AG_I
M.U>@4`%%%%`!17G?B+]KCX7^$?CM9_##5/'WA33_`(@W^ESZU#H$^HQ)?&SA
M`,DQ0GY5"DL-V"RQR,`5C<KI?"_]HOX>_&_P'=>*O!?COP;XO\+V+2)<ZQHF
MM6VH6%NT:[I%>>)VC4HO+`MP.3BE?W>;I:_RO:_I=->JL-K7EZ_\"_Y:^FIV
M5%>4:1^WC\#=?^%FI>.K#XS?"B]\$:+=+8ZAXAM_%NGRZ58W#;=L,MRLIBCD
M;<N%9@3N''(KTW0]=L?$^C6FI:9>6FHZ=?Q+/;75M*LT-Q&PRKHZDJRD$$$$
M@@U3B^W]/5?>M2;[>?Z;_<6J"0H))``HKY?_`."J7[4LGP$^`QT#19G'BWQR
M7T^R6+)E@@P!/,,<AL,$7ONDR,[36=2HH1<GT-*=-SDHKJ>&7['_`(*?_P#!
M1!;9&%W\+?AB<OT:"]"OR>X;[1*N/>&+/!%?<?QY^"VD_M`?![7?!NKH%L=9
MM3"LBJ"UK(/FBE4?WD<*P'0[<'@FO//^">O[+2?LK?LZZ;I=W"B>)-9QJ6M/
MU99W48ASZ1)A.."P9A]ZO<ZQH4O=;GO+?_(VKU?>2AM';_,^&_\`@E#\9M4^
M&_BGQ1\`_&3-;ZWX5NIIM)60G#QAB9HDR!E<D3)_>61ST`K[DKX8_P""K/P>
MU7X4>-_"W[0'@R,0:SX9NH(=7*+A9%#;899,$%E.?(?N5>,<`&OKOX&?&#2O
MCY\)="\7Z,^ZPUNV$P0D%H'!*R1-C^)'#*?=32P[<6Z,NFWH/$14DJT>N_J?
MB+\7D'_!NE_P<!67CF(MIO[.'[4;O'JD<9\NTT2XDE7SW?<VT"UNI1<`\!+:
MZE1%.WG]Y4=9$5E(96&00<@CUKY'_P""W?\`P3AL_P#@IW_P3^\6>!(((#XR
MTI#KOA&Y<`&'4X$8QQ[B#M292\+'L)=W517QW_P1`_X+A:=K?_!+B^\._$2\
M"_&7X'*/"S:-?RF/4-:C0;+*9D<^9E`IAF8@E6MV8X+JM=$I**<GL<\8N344
M?3O_``5-_:`U7Q_XFT7X`>`V:Z\1>*IX?[8,+']S$QW1V[$9*@@>;(>T:KG*
ML:[3XT_M"?"+_@AU^P1%K7C35%M]+T2+RH8(`IU'Q5JLBEC%;QDY>61@2,G;
M'&N694C+#YI^%7QS\%_\$X_V;_%7[77[06JR'6O%CRKX>LOE;4M8>7+".UB;
M&99RIV]$CA0N66,L1\O?L!?L0?$K_@XQ_:B@_:K_`&IK6?3/@GH-P\7@'X?A
MI%L[^%7!P-P&^UW*OFS8#74B;?DB14'/AXN3=:6[V\D=&(DHI4H[+?S9J^./
M^#B_X#_\%2O@1K'A/Q5I&H_!;XB:!=+J_AR+7KI+C3]8B!(\M+Q501S26[%_
M*D15+>6J22'FOU9_X)P?M`K^T7^R5X:U66X6YU328O[(U%@P8O+"JA9">Y>(
MQR'W<UQG_!0/_@C-^S__`,%)/`<6E>/O!-C9:QI]J+72?$6AHFGZMI*K&8XU
MCE1<21(#\L,RO$,#Y,@$?BQX6T_]L#_@W'_:P\3>#/A7/)\;/A<+A;J3PY>6
M;S27MD%\U9HHD)E@F$.]2]N7CW!B\3;`HN45&HIWM?3_`"(C)RIN%KVU_P`S
M^D^BOS8_8R_X.J/V4?VG_"E@?%?BN;X0>+)4_P!*TCQ+!+]FC<8R8[Z-#`R9
M/!=HW(SE!BOL/3_^"A7P1\2?"S5/&7A_XI^`O%>A:1$9)I=#UVUU%BV<",+$
M['S&;"A>I)%;-I*[,4FW9'L;2*A4,R@N<*"<9.,X'X`_E2U^9'@OX'?$O_@J
MSX_U[XG7>NS^!]&TES;>%F*NZQ.C`B.+:RD!0,R3#DR-P#M*K%\0/^"FWQ+_
M`."5&MV>B_'O5O"NO^'YGV6]]<ZQ$E[,,`XCE^^Y`W';-%O;'#`#-<L<5?5Q
M=GLSJEA;:*2OU1^GE%?E%\6_^#Q7]E'P!X?@GT&S^)/C74YFVO96&C1VPM2,
MY+RW$J(1QP8]^<CMS7FO_$;9\#O^B0?%?_OYI_\`\>KJ3.5H_:>BOQ<\+_\`
M!Y7X1^(M[>Q^%?V;?BWXDBLB#(UE<0SO$K9VF18T?9G:<9)Z'DXK]0OV#/VN
M!^W+^RYX;^)@\$>+_AZ/$(F_XDOB2U^SWT'ERM'OQ_%&^W<CX&Y2#@9IB/8:
M***`"O/_`(=_\EV^(W_<,_\`2=J]`KS_`.'?_)=OB-_W#/\`TG:@#T"BBB@#
MS_X_?\R5_P!C78_^U*]`KS_X_?\`,E?]C78_^U*]`H`*IVGB'3[_`%B\TZ"^
MLY]0TY8WNK:.96FMED!,9=`<J&"MM)`SM..E7*_.GX3:3X%\)_$[X[Z7H7@G
MQ#XI\,RVVIS>,/%]I\--=T?QBNJ?;4GBTF:ZBMTNM=B=;@M']F1A';P()#)'
M,A.<YM*5E>T92_\``5?Y7VOW:6K:3N$+N*O:\DOO_-];==>B;/T6HK\[M/F\
M,?&W_@CKX$^#7B&/Q?X9\3V7@709]2T;6OA)K^N74(TRZL$FCGT98(KFZ@>>
M,1%4(\R-I'0LB,P\J^(_P<U7QG\$M&M/$W[/DD%L?!.OZ3\,=-\&?#F]T_3-
M"\1-J#&QU8:9AY-`N+B,PSK+=,AML3*\Z,S!NNK24*\J2?,E)I-;224M5K:[
M<>6*OJWH]&11:G3C-M)MI-/[-^7?K9*7-)V]V*N]U?\`6:BOSI_X)_?!?Q'X
M7_::\,W>L>`_$VD?%72=0\4-\4_%]YH$]I:^*+:>=SI:IJ3H(=13;]G:&.&2
M3[,D3(PA.4;]%JB<.6VM_-;?)]5V=EZ&<)N5[IJSZ[_/?\WZGD'[87Q*\>?"
M/PCIVO\`@VPL]2L;"5WUF*:`RLL("E6&&!"##[B,D9!X`)K:_9U_:9\/?M'^
M&#=Z5+]EU*V`^VZ;*P,]J?7_`&D/9QQV.#D#?U/2O&,WB]9K37O#,'A_S8RU
ME-H,\UX8P%\Q?M`O%0,QW;6\DA<C*M@Y^:?C7^Q3XO\`A_XSU'XA?#C5+"VU
M*"X:XATC2M/>T9(<DD#?-(LSD8W(%1'P<(,A:\#'/%X:J\51O.#^*'56ZQ_5
M=3T\.J-6'LI^[+H_T?\`F?7E?#/_``7%_P""SOAS_@D_\!D@TY;;Q!\8O&<$
ML'A#0-IF59/N?;+E%(86Z.PPH(:5AL4CYV3Y#_:__P"#HW6O@U>IX"^&V@Z/
M\4?C1J,TNGV^@:7X=N9[6PN""L0DGCO&DGF#D$V\4`)V,I>(E6K4_P""7O\`
MP1=^)Z?M37/[9?[:WB30-2^(,A:_L_#=_"MW%X?7RQY,SR!Q#!-`V%BA194C
M`SGS6!C]6CB(5*2K1^%J^NFGS.2=.49N#W1UO_!"#_@BYXB^&7C*^_:N_:?N
M+GQ3^T1XYD?5+1=4E65O#$4T>#(Z@!%NVC.S:OR01;8T"_,!]=?&;]MC7O'G
MCZ+P3\&[9=6U3S,3ZH(EEB`!&?+W?($!.&E?Y?3J&K@-2^+?Q0_;@\07?@KP
M_?:>/#$4O^FZM9Z9-ID<T.`/WRO/,V"<[8U8%Q]X``[?H#]F;]EW4_V;E6TM
MM9\+W^GSLS7TJ>'IX-1O?E.P&=KQT4*2O`BVD`\`L6KP98NOF,_9X-N%);SZ
MORA_\E]WGWJC3PRYJRO-[1[>;_R/,V^*/[4/@\'[9X.T?5U3^(113;^O.()@
M>V>@[>O*G]NOXH^&'QKOP>U/"GEHH;JW4\]BT;CVSS7T7X,TKQE8ZI(_B'7O
M#.J61B(2+3M!GL)5DR,,7>\F!7&X;=H))!W#&#!H.C>/+?[;_:GB3PC>>9:N
MEI]E\-W%MY%P<;))-U])YD8YS&-A;(PZXYW_`+(Q$?X6*FO7EE^:(^N4G\=*
M/RNOU/GC_AZ2UUBUL_AUJT^J_P`5K]N^[D#!XB+'K_=';UX!^UW\<O&S8\/?
M"EK.)^DE[97+#OR'8Q*?U_6OH?0=&\>6_P!M_M3Q)X1O/,M72T^R^&[BV\BX
M.-DDFZ^D\R,<YC&PMD8=<<S^'=*\96VEZFFK:]X9OKV6+&GRVF@SVL5K)AOF
ME1KR0S+DH=JM&<*PW?,"I_9F.EI5Q3M_=C&/XZA]:H+X:*^;;/G+[%^U1X[Y
M>XTCPO"_\.;0<<=U$KC\P>OM533_`-K'XI?LNZG'IOQ5\.SZWI+/LCU>U50[
M#G[LBXBD./X6V/W)KZ1T_1O'D>AZC'=^)/",^IR^7]AGB\-W$4%MAOWGFQ&^
M9I=RX"[9(]IY._I5>3PEXRU?PGJUAK&M^"M2N+U8TMB?"\XM(UW?O1-`U\YF
M#+@`!X]IY._I4RR6K#WZ&(FI]Y/F7SCHONL-8Z#]VI2C;R5G]XWX/_M%>#_C
MI8^;X=UB"YN%7=)9R_NKJ'_>C/./]H97WK9\5?"OPOXZU:RO]<\-Z!K-_IO_
M`!Z7-]I\-Q-:\Y_=LZDISZ$5\Y^*_P#@FF-0635='\26&@>)HYS-`VE:?-96
M"C`V@(]Q-)&^[<=Z2;0"`(QC)P9/C#^TA\&&C\-7GAN+Q3<R-LM=3-C)>ATP
M1_K(F49S@YE&X8.X'/$K-<3AO=Q])^4H7DG\MU\Q_4Z577#S^4M&OT9]A75W
M;Z18O-/+#:VT"Y9W8)'&H[DG@"O!_B[_`,%%_`7PZ\VVTB6;Q9J2C"I8$"V#
M=@TQX(]T#UYO<?L8?%S]I"%KWXB^-DT=7P\%@(_M:PM[PQO'$N`<9#%CWKU3
MX0?L<M\$O"L2Z+<^"W\51W(?^VKOPW<7&8-F-@C:^W))OYWI(JXX\O/S4_K.
M98K^!!4H_P`T]9?**V^;%[+"TOXDN=]EHOO_`,CSRU_:8_:%\>P"YT+X;6-E
M93DM"US:RK)MYQ\TLJ`CWVC.*?L_:L\4`DMH^@*W;_03QC_MH1G\\^E?1EYI
M7C)_!]I!;Z]X9BU])2;F\DT&>2SECR^%2W%X'1L%/F,S#Y6^4;AM@U#1O'DF
MAZ=':>)/",&IQ>9]NGE\-W$L%SEOW?E1"^5HMJY#;I)-QY&SI5K):DOXN)J/
MT:BOP7ZB^O17PTHKU5_S9\[W'[/G[26KQ/<7/Q'TZ"6,%TBBOI(R[`#"X2$+
M@^YQ^>:@T']MKX@?L_:I!H_Q<\*7<T).Q=4MD1))!ZC;^YE/^ZRD=\FOH_4-
M&\>2:'IT=IXD\(P:G%YGVZ>7PW<2P7.6_=^5$+Y6BVKD-NDDW'D;.E1^/_!?
MB/QCX6L]-CU+P>XD@\O55U3PY+?VM\^%YCB%W'Y2Y#G:S2'#*-WRDM,LEJ4_
M?PM><9?WGS)^J?YH:QT9>[6IIKR5FO1H?\*?CQX3^->F_:?#>M6E^RC,EOGR
M[F'_`'HVPP'OC![$UUU?*?Q!_P"":1N=<M]:\'>)K;PMJ=M:(3!;6D\<+W@S
MOECD,[O!&V1A!YA3!^9L\=?^SG9?'?3];DTGQG=:$NCZ:Z,-1N;47MQJ";AN
MBC>*>,H2N<221N0>H/2ML+CL6JJH8NE9O:4=8OUZQ^9%6A1<74HS^3T?^3/?
M:\_^/W_,E?\`8UV/_M2O0*\_^/W_`#)7_8UV/_M2O9.$/^;I_P#N5/\`V\KT
M"O/_`/FZ?_N5/_;RO0*`"BBB@"II'A^P\/K<C3[&SL1>7#W=P+>%8A/,YR\K
M[0-SL>K'D]ZMT44+L`4444`%%%%`!1110`4444`%%%%`!1110`4444`>!_MA
M?\$Y_A]^V4(KO6[:32M<BPAU.RC3S+F,?\LYE8%9`.,$C<N!@XR#SOP@_P""
M0WP3^$\,)ET&Z\3747/FZM<%HR?^N,82(CL`RGCN>M?3U%9.A3<N9Q5S55ZB
MCRJ3L9?A#P-HGP_TE+#0='TO1+%/NV]A:QVT0_X"@`K4HHK1(S;"BBBF(***
M*`"BBB@`KS_XB?\`)=OAS_W$_P#TG6O0*\_^(G_)=OAS_P!Q/_TG6@`^'?\`
MR7;XC?\`<,_])VKT"O/_`(=_\EV^(W_<,_\`2=J]`H`****`/DOQ)8^.O!?[
M=VL/\-_`GQ/T_2M5>+6_&^H7;:,WA;Q1']A^SQ-8/+<&[35$-I!$(\0VX4,\
MXP\,C9'[*GPN^(?ACPW\7!XU\!_%74H?BOJ9WW>MW_A<>*B@TC[.\UX-/NDT
MQ(_]'AM[<6P+Y=6F0#?*/LNBI<$Z;IRU3CRZ]KK3\$DMDE:QJZLO:*I'2UG\
MTFM?F[_=>]C\\O`/P/\`CYX*T7X=:UJ'@[XA>/\`PK\)?%$,V@>$/%%[X4M_
M&0T_^Q+K3V=I;":'29/*FFB>(/.LOE"4L[/M0_6_[$'PDUGX&?LL>$/"_B"*
MWMM8TZWE>XM;>42Q6)EGDF6V5QPRQ+(L8*@+^[X`&*]6HK>=64VW+5NVORM\
M[[MN[OU.6G1A#E4=+*WE:]_DE>R2LDNG4P?B/827GAB69?$VI^$X;#-W<7]D
MEJS+$B,6#?:894"8^8D*&^0<@9!_/3]E7X;ZU_P40_:XUOXCZUK_`(B;POX'
ME6WT34IK>R^UO(DA>V38;;[.2JEI7'E?*SIZAJ_22^LH=2LIK:XC2:"X1HY$
M895U(P0?8@UB?#/X5>'/@UX6CT3PMHUCH>E1N9!;VJ;5+G&6/=F.!DDD\"N2
MK2<Y1OLM?\CKI55",K;O3_,AO/`FJW/@^TTQ/&OB:VO;:4R2:M'!IQO+I<O^
M[=6M3`%&X#Y(E;]VO/WMT&H?#C6;W0].M(O'_BZTN++S/.O8K?2S/?[FROFA
M[-HQL'RKY:)D'YMQYKK:*V,3S_XB?`:;XH?#9O"^J^-/%,EC=6]Q::C*MOIA
MFU6.4])=UH44H/E4Q+&1U)9@&'Y\_!?XRW__``3K^*_CGX7>,_%GC'0O#NF2
MR:AI4NB6=E<R7[N$\LXN8)0!)$%/RE%5U8,23D?J-7"_$[]F3X?_`!H\2Z?K
M'BOPCHFOZEI:B.WGO(!(0@)(1AT=`68[7!7))Q7/6I2DU.#LT=%&K&*<9JZ9
M\2M^UK^T/^VY>6FF?"#2=6\,^%[>)K2XUZ^2!9+\X53--<^4L<<@VD[+505+
MMU&W;^6'_!4#]B+7/^"('[?/P[^//B-K[QW\/?BC=2IXT&E[$E.H,YEN8U:Y
M5TEDD7%RC2H!*\<P8*"37]+UA80:590VUK!#;6UN@CBBB0(D:@8"J!P`!V%<
MC\>OV=/`?[4GP_?PI\1O"/A_QMX;DN(KLZ;K%FEW;^=&V4DVN"`P.>?0D="0
M2%"VLW=O[ON"=>ZM!62^_P"\_"?]A3_@GE\6?^#CCXZV'[1/[2]WK'ACX&^'
M(_L7@3PO;"*(7T,94`0H8A%Y!**9Y_)7[0XVHJ1HJ1_NWJOPFG%OI]IX>\4Z
MYX+TC2[2.RMM,T6STU;2)$R%VK/:RLN%VJ%5@H"+A0<D]+H.@V/A;1+/3-,L
M[73M-TZ%+:UM;:)8H;:)%"I&B*`%55```&`!5NN@YSDO$_PXUG7]<GN[3Q_X
MNT2WFV[;*RM]+>"'"@':9K.20Y(+'<YY8XP,`?'O_!7?X1:MX"U[PG\<-"U"
M^FU/PSJ5M;R1/'"(;&-6WP,I1%D*><&#"1WYGP-J\5]WUR?QW^$]G\=/@YXD
M\(7Y5;?7[&2U#D9\F0C,<@]T<*P]U%8UZ?/!Q-J%3DFI'R!\9_\`@CS^RQ_P
M4:T>+XK^,/"&F"T\76]OKM_+8VEAI4KA41Y!/>P0)>$Y0B1C<;OOC(&`/RZT
M'_@W!^#'[;O[7&MZ5\%M0\>>"?A[HLIDGU6XO4U!($W':8Q(@?YV!$2-(7V*
M68D@@?5?PP^(OQ8^(OP_@_9?T2U>UN%URYAOYM[![>W5\S02D#Y(4E$KN>K;
M@N.S?J'^S!^S=H/[*_PBT_PIH2"00CSKV\9`LNHW+`;YGQZX``R=JJJY.,US
MTJTJS5M$M_-]CHJTH44[ZM[>G<_(2#_@UR_::\#VT7A?PC^WI\0=-\`ON1[%
M6U6T6"/)(46L6H&%^O/S(,YXKU'X&_\`!G)^S7X*UM-7^(?BCXF_%;4Y7::]
MCOM433;*]D;)9V%N@N<ECNS]H)R!DGG/ZV45W'#<^"IO^#=+]GKPU=7=YX(T
MNY\$7\Q_<-96MF\5NFXE4YA$SA0<`O*6.,LS')-K_AS]XQ\/3%]`^/7B6P0/
ME$^QSQLF1@G<ET,D_P"Z.#^?W716$\-3D^9K4WAB:D5RIZ'PB/\`@G]^TOX5
M3.B?'^[NV55VQW^J7XC!!X`#"4`8]!STQ7T[^S#\,/B'\/\`P?;?\+%\?W/B
M_6_*>.6"&VMX["'+`JRN($GD<`$;G8`AS\F0#7J-%.G0C!WC?[Q5*\IJTK?<
M%%%%;&(5Y_\`#O\`Y+M\1O\`N&?^D[5Z!7G_`,._^2[?$;_N&?\`I.U`'H%%
M%%`'G_Q^_P"9*_[&NQ_]J5Z!7G_Q^_YDK_L:['_VI7H%`!1110!3A\.:=;:_
M<:M'864>JWD$=K/>+`HN)H8V=HXVDQN9$:20JI.`9&(QN.;E%%%P;"BBB@#S
MG]J?]K7X=?L4_!W4O'OQ/\5:9X2\,:8IWW-V_P`]P^TD0PQKEYIFP=L<89F[
M"OQ?^)?_``4._:O_`.#C3Q]J?PU_9<T/5/@U\`8)OLNO>.=39K:YU"`\.DD\
M>=A93Q:VQ:0\>9*$8A?U?_;^_P""7/PB_P""F=KX,M?BWI>KZS8>!K^34+"S
MM=3ELX)GD$8=9E0CS%*Q@=B`S8(W&O:?AC\+O#?P5\!:7X6\(:%I/AGPWHD"
MVUAINFVR6UK:1CHJ(@``_F<D\T`?GG^S-_P;<?#+]A3X0Z?<?#:]OM1^+FG(
M9;GQ7J9$=QJ;Y#&.(+Q9H&4;!&<\#S&<X<>I:=\'_C1^UMK&FZ)\07O?#OAK
M0E474CPB%KUP2-X4'$LI'&[[BCD#)PWVQ17BXS(Z.(K.K*4DG;FBGI*VUU_D
M=U#'SIPY4D[;.VJ]#!^&WPRT/X1^$[?1/#]A#I]A;\[5&7E;'+NW5G.!DGG@
M#H`*WJ**]>G3C"*A!62V2..4G)W;NPHHHJR0HHHH`****`"BBB@`HHHH`***
M*`"BBB@`HHHH`*\_^/W_`#)7_8UV/_M2O0*\_P#C]_S)7_8UV/\`[4H`/^;I
M_P#N5/\`V\KT"O/_`/FZ?_N5/_;RO0*`"BBB@`HHHH`*S?$/@W1_%OD_VMI6
MFZG]GW>5]KMDG\O=C.W<#C.!G'7`K2HH`R=4\`Z#KEG:6][HFD7EOIZ>7:Q3
MV<<B6RX`VH""%&%48&/NCTJ+4OAIX<UC[/\`;/#^B7?V2%;>#SK&*3R8ESMC
M7*_*HR<`<#-;=%`&)J7PT\.:Q]G^V>']$N_LD*V\'G6,4GDQ+G;&N5^51DX`
MX&:EU[P#H/BJ\6XU31-(U*X1!&LMU9QS.J@DA06!.,DG'N:UJ*`,35_AIX<\
M0:C)>7_A_1+Z[FQYD]Q8Q2R/@`#+,I)P`!]`*EN_`.@W^N#5)]$TB;4U=9!=
MR6<;3AEQM;>1NRN!@YXP/2M:B@#)N_`.@W^N#5)]$TB;4U=9!=R6<;3AEQM;
M>1NRN!@YXP/2HO\`A6GAS^V/[1_X1_1/[0\[[1]I^PQ>=YN[=YF_;G=NYSG.
M>:VZ*`,3_A6GAS^V/[1_X1_1/[0\[[1]I^PQ>=YN[=YF_;G=NYSG.>:EM/`.
M@V&N'5(-$TB'4V=I#=QV<:SEFSN;>!NRV3DYYR?6M:B@#)M/`.@V&N'5(-$T
MB'4V=I#=QV<:SEFSN;>!NRV3DYYR?6HM(^&GASP_J,=Y8>']$L;N'/ESV]C%
M%(F00<,J@C()'T)K;HH`R=!\`Z#X5O&N-+T32--N'0QM+:V<<+LI()4E0#C(
M!Q["HM-^&GAS1_M'V/P_HEI]KA:WG\FQBC\Z)L;HVPOS*<#(/!Q6W10!B:;\
M-/#FC_:/L?A_1+3[7"UO/Y-C%'YT38W1MA?F4X&0>#BI=+\`Z#H=G=V]EHFD
M6=OJ">7=106<<:7*X(VN``&&&88.?O'UK6HH`Q+7X:>'++3KJSA\/Z)#:7VS
M[3`EC$L=QL.5WJ%PVT\C/0T6OPT\.66G75G#X?T2&TOMGVF!+&)8[C8<KO4+
MAMIY&>AK;HH`Q+7X:>'++3KJSA\/Z)#:7VS[3`EC$L=QL.5WJ%PVT\C/0U+!
MX!T&UT.;2XM$TB/3+E_,EM%LXU@E;Y?F9`-I/RKR1_"/05K44`8G_"M/#G]C
M_P!G?\(_HG]G^=]H^S?88O)\W;M\S9MQNV\9QG'%:]G9PZ=9PV]O#%;V]N@C
MBBC4(D:@8"J!P`!P`.E244`%>?\`Q$_Y+M\.?^XG_P"DZUZ!7G_Q$_Y+M\.?
M^XG_`.DZT`'P[_Y+M\1O^X9_Z3M7H%>?_#O_`)+M\1O^X9_Z3M7H%`!1110!
M2F\2:=;>(+?2)+^RCU6\@DNH+)IU%Q-#&R+)(L>=S(C2QAF`P#(@.-PS=KX4
M^(&E>#_"?_!435-0TGPA'\0_&.I6J3^*)-:^&&H7M]X.TE].>%)M,ULP"%K.
M0V\J-I\1E>>:>?85994/'?LK>#O$/PY_96_:$\.>`_"FK>&=3\?37B^!I]"^
M%VK>`]&.HOHA4"#1[I&ETJ-)+8;KFYE6*>>7*N&=4I)WIN:Z1OZN]K;;6?Q:
MIM-+5-+94E[:-)NW,TKOHFKW?:V[6_*U+9IO]'**_)FU^!6AIXQTC5[7X$^.
M8/V7C?Z)_P`)5X)D^'.H&74=5CTS5TN+V;0S;FYO4%U-I8DF6"1998EFRZQF
M4?H-^P)X2U_P)^Q]X%TGQ+:7VG:I963J+.];-S8VYFD:V@DR20\=N8D())!4
M@DD9K>I24;V=[6V\U?\`X;>ZL]-CCA5<N5.+5U?\=O5;.]K--:JS?L%%9/C.
MSUZ^TN-/#VI:1I=Z)07EU'39+^)H\'*A$GA(;.T[MQ``(VG.1D?V-X\_X1?R
M?^$D\(_VU]JW_:O^$;N/LOV?9CR_(^W;O,W\^9YN,<;,_-6)L=;17,WFE>,G
M\'VD%OKWAF+7TE)N;R309Y+.6/+X5+<7@=&P4^8S,/E;Y1N&V#4-&\>2:'IT
M=IXD\(P:G%YGVZ>7PW<2P7.6_=^5$+Y6BVKD-NDDW'D;.E`'6T5R6H:-X\DT
M/3H[3Q)X1@U.+S/MT\OANXE@N<M^[\J(7RM%M7(;=))N/(V=*-0T;QY)H>G1
MVGB3PC!J<7F?;IY?#=Q+!<Y;]WY40OE:+:N0VZ23<>1LZ4`=;17,^(M*\97.
MEZ8FDZ]X9L;V*+&H2W>@SW45U)A?FB1;R,PKD.=K-(<,HW?*2T&O:-X\N/L7
M]E^)/"-GY=JB7?VKPW<7/GW`SODCVWT?EQGC$9WE<'+MG@`ZVBN2U[1O'EQ]
MB_LOQ)X1L_+M42[^U>&[BY\^X&=\D>V^C\N,\8C.\K@Y=L\3^,]*\97VJ1OX
M>U[PSI=D(@'BU'09[^5I,G+!TO(0%QM&W:2""=QS@`'345R7B?1O'EWKD\FB
M^)/"-AIC;?)@O?#=Q>3Q_*-VZ5+Z)6RV2,1K@$#G&3/J6E>,I?&"SV>O>&8-
M`$L9:SFT&>6\,8"^8HN!>*@9CNVMY)"Y&5;!R`3:#\*?#/A?QGJOB/3=`TFQ
MU[7`!?ZA#:HES=@8X=P,D<`GU(!/-=!7,ZEI7C*7Q@L]GKWAF#0!+&6LYM!G
MEO#&`OF*+@7BH&8[MK>20N1E6P<P?V-X\_X2CSO^$D\(_P!B_:M_V7_A&[C[
M5]GWY\OS_MVWS-G'F>5C/.S'RTDK;#;;W.MHKDO[&\>?\)1YW_"2>$?[%^U;
M_LO_``C=Q]J^S[\^7Y_V[;YFSCS/*QGG9CY:GTW2O&47C!I[S7O#,^@&60K9
MPZ#/%>",AO+4W!O&0LIV[F\D!L'"KD88CIJ*YG3=*\91>,&GO->\,SZ`99"M
MG#H,\5X(R&\M3<&\9"RG;N;R0&P<*N1B#PQHWCRTUR"36O$GA&_TQ=WG067A
MNXLYY/E.W;*]]*JX;!.8VR`1QG(`.MHKF?!FE>,K'5)'\0Z]X9U2R,1"1:=H
M,]A*LF1AB[WDP*XW#;M!)(.X8P3P9I7C*QU21_$.O>&=4LC$0D6G:#/82K)D
M88N]Y,"N-PV[022#N&,$`Z:BBB@`KS_X=_\`)=OB-_W#/_2=J]`KS_X=_P#)
M=OB-_P!PS_TG:@#T"BBB@#S_`./W_,E?]C78_P#M2O0*\_\`C]_S)7_8UV/_
M`+4KT"@`HHHH`****`"BBB@`HK)N_`.@W^N#5)]$TB;4U=9!=R6<;3AEQM;>
M1NRN!@YXP/2HO^%:>'/[8_M'_A']$_M#SOM'VG[#%YWF[MWF;]N=V[G.<YYH
M`VZ*R;3P#H-AKAU2#1-(AU-G:0W<=G&LY9L[FW@;LMDY.><GUHM/`.@V&N'5
M(-$TB'4V=I#=QV<:SEFSN;>!NRV3DYYR?6@#6HK$TCX:>'/#^HQWEAX?T2QN
MX<^7/;V,44B9!!PRJ",@D?0FC2/AIX<\/ZC'>6'A_1+&[ASY<]O8Q12)D$'#
M*H(R"1]":`-NBLG0?`.@^%;QKC2]$TC3;AT,;2VMG'"[*2"5)4`XR`<>PJ+3
M?AIX<T?[1]C\/Z):?:X6MY_)L8H_.B;&Z-L+\RG`R#P<4`;=%8FF_#3PYH_V
MC['X?T2T^UPM;S^38Q1^=$V-T;87YE.!D'@XJ72_`.@Z'9W=O9:)I%G;Z@GE
MW44%G'&ERN"-K@`!AAF&#G[Q]:`-:BL2U^&GARRTZZLX?#^B0VE]L^TP)8Q+
M'<;#E=ZA<-M/(ST-%K\-/#EEIUU9P^']$AM+[9]I@2QB6.XV'*[U"X;:>1GH
M:`-NBLF#P#H-KH<VEQ:)I$>F7+^9+:+9QK!*WR_,R`;2?E7DC^$>@J+_`(5I
MX<_L?^SO^$?T3^S_`#OM'V;[#%Y/F[=OF;-N-VWC.,XXH`VZ*Q/^%:>'/['_
M`+._X1_1/[/\[[1]F^PQ>3YNW;YFS;C=MXSC..*/^%:>'/['_L[_`(1_1/[/
M\[[1]F^PQ>3YNW;YFS;C=MXSC..*`-NBLF?P#H-UH<.ERZ)I$FF6S^9%:-9Q
MM!$WS?,J$;0?F;D#^(^IJ*Z^&GAR]TZULYO#^B36ECO^S0/8Q-';[SEMBE<+
MN/)QU-`&W16)=?#3PY>Z=:V<WA_1)K2QW_9H'L8FCM]YRVQ2N%W'DXZFI=4\
M`Z#KEG:6][HFD7EOIZ>7:Q3V<<B6RX`VH""%&%48&/NCTH`UJ*Q-2^&GAS6/
ML_VSP_HEW]DA6W@\ZQBD\F)<[8URORJ,G`'`S4LO@'09[RRN)-$TA[C342.T
ME:SC+VJH<HL9QE`IY`&,=J`-:O/_`(_?\R5_V-=C_P"U*]`KS_X_?\R5_P!C
M78_^U*`#_FZ?_N5/_;RO0*\__P";I_\`N5/_`&\KT"@`H8X4G.,=_2BBDUH!
M^:_PJ^.'PD^$-I\<T\4?%V;7+!H8]7\8?$SPC\4[V_@F=;Q;>/3YXS.T.A7[
MB1;=8[-T)B3<LD)11'Y=K?[1E[!\-O)C^/&IZYJEGX,FU3X0?\(_\1;C44\2
M:^^L7Q72)KFWN&77+JTMO[,MI(IWN`P>61@<^:/UNTCP_8>'UN1I]C9V(O+A
M[NX%O"L0GF<Y>5]H&YV/5CR>]6ZTH3]GR75[6_!-:=K7TZ*UTDVRJDG)3C_,
M^NO6/SUL^;752MTC:.T:1[6(RJ%E*`N!T!QR/SK%\;ZCXHL/LO\`PC>CZ#JV
M_?\`:/[2UB;3_*QMV[/+MI]^?FSG;C`^]DXWJ*ELSBK)+<YGQ%JOC*VTO3'T
MG0?#-]>RQ9U"*[UZ>UBM9,+\L3K9R&9<EQN98SA5.WYB%@U[6?'EO]B_LOPW
MX1O/,M4>[^U>)+BV\BX.=\<>VQD\R,<8D.PMDY1<<];12*.2U[6?'EO]B_LO
MPWX1O/,M4>[^U>)+BV\BX.=\<>VQD\R,<8D.PMDY1<<S^,]5\96.J1IX>T'P
MSJED8@7EU'7I["59,G*A$LY@5QM.[<"22-HQD]-10!R7B?6?'EIKD\>B^&_"
M-_IB[?)GO?$EQ9SR?*-VZ)+&55PV0,2-D`'C.!/J6J^,HO&"P6>@^&9]`,L8
M:\FUZ>*\$9"^8PMQ9LA93NVKYP#8&67)QTU%`',ZEJOC*+Q@L%GH/AF?0#+&
M&O)M>GBO!&0OF,+<6;(64[MJ^<`V!EER<0?VSX\_X2CR?^$;\(_V+]JV?:O^
M$DN/M7V??CS/(^P[?,V<^7YN,\;\?-76T4`<E_;/CS_A*/)_X1OPC_8OVK9]
MJ_X22X^U?9]^/,\C[#M\S9SY?FXSQOQ\U3Z;JOC*7Q@T%YH/AF#0!+(%O(=>
MGEO#&`WEL;<V:H&8[=R^<0N3AFP,]-10!S.FZKXRE\8-!>:#X9@T`2R!;R'7
MIY;PQ@-Y;&W-FJ!F.W<OG$+DX9L#,'AC6?'EWKD$>M>&_"-AIC;O.GLO$EQ>
M3Q_*=NV)[&)6RV`<R+@$GG&#UM%`',^#-5\97VJ2)XAT'PSI=D(B4ET[7I[^
M5I,C"E'LX0%QN.[<2"`-ISD0:#K/CRX^V_VIX;\(V?EVKO:?9?$EQ<^?<#&R
M.3=8Q^7&><R#>5P,(V>.MHH`Y+0=9\>7'VW^U/#?A&S\NU=[3[+XDN+GS[@8
MV1R;K&/RXSSF0;RN!A&SQ/X=U7QE<Z7J;ZMH/AFQO8HLZ?%::]/=174F&^65
MVLXS"N0@W*LAPS';\H#=-10!R6GZSX\DT/49+OPWX1@U.+R_L,$7B2XE@N<M
M^\\V4V*M%M7!7;')N/!V=:-/UGQY)H>HR7?AOPC!J<7E_88(O$EQ+!<Y;]YY
MLIL5:+:N"NV.3<>#LZUUM%`'):?K/CR30]1DN_#?A&#4XO+^PP1>)+B6"YRW
M[SS938JT6U<%=L<FX\'9UJ>SU7QD_@^[GN-!\,Q:^DH%M9QZ]/)9RQY3+/<&
MS#HV"_RB%A\J_,-QV]-10!R7]L^//^$7\[_A&_"/]M?:MGV7_A)+C[+]GV9\
MSS_L.[S-_'E^5C'._/RUTVE274VEVSWT-O;WKQ*;B*"8S1128&Y4<JA=0<@,
M54D<[1T$]%`!7G_Q$_Y+M\.?^XG_`.DZUZ!7G_Q$_P"2[?#G_N)_^DZT`'P[
M_P"2[?$;_N&?^D[5Z!7G_P`._P#DNWQ&_P"X9_Z3M7H%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%>?_``[_`.2[?$;_`+AG_I.U>@5Y_P##O_DNWQ&_[AG_`*3M0!Z!1110!Y_\
M?O\`F2O^QKL?_:E>@5Y_\?O^9*_[&NQ_]J5Z!0`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!7G_P`?
MO^9*_P"QKL?_`&I7H%>?_'[_`)DK_L:['_VI0`?\W3_]RI_[>5Z!7G__`#=/
M_P!RI_[>5Z!0`4444`%%%%`!116;XA\*VOB;R?M,NI1>1NV_9-1N+3.<9W>4
MZ[N@QNSCG&,F@#2HK)U3P59ZQ9VD$TVKHEDGEQF#5;J!V&`/G9)`TA^4<N2>
MISR<Q:E\/[#5?L_FW&MI]FA6!/)UF\ARJYP6V2C>W/+MECW)H`VZ*Q-2^']A
MJOV?S;C6T^S0K`GDZS>0Y5<X+;)1O;GEVRQ[DU+KW@JS\27BSW$VKQNB","U
MU6ZM$QDGE8I%4GGJ1GH,\"@#6HK$U?X?V&MZC)=3W&MI++C*V^LWEO&,`#A(
MY54<#L!DY/4FI;OP59WFN#47FU=;A7639'JMU'!E<8_<K((\<#(VX/.0<G(!
MK45DW?@JSO-<&HO-JZW"NLFR/5;J.#*XQ^Y601XX&1MP><@Y.8O^%?V']L?;
MOM&M^?YWG[?[9O/)W;MV/*\W9MS_``;=N.,8XH`VZ*Q/^%?V']L?;OM&M^?Y
MWG[?[9O/)W;MV/*\W9MS_!MVXXQCBI;3P59V>N'44FU=KAG:39)JMU)!ELY_
M<M(8\<G`VX'&`,#`!K45DVG@JSL]<.HI-J[7#.TFR35;J2#+9S^Y:0QXY.!M
MP.,`8&(M(^']AHFHQW4%QK;RQ9PMQK-Y<1G((Y225E/![@X.#U`H`VZ*R=!\
M%6?AN\:>WFU>1W0QD76JW5VF,@\++(R@\=0,]1GDU%IOP_L-*^T>5<:V_P!I
MA:!_.UF\FPK8R5WRG8W'#KAAV(H`VZ*Q--^']AI7VCRKC6W^TPM`_G:S>385
ML9*[Y3L;CAUPP[$5+I?@JST>SNX(9M7=+U/+D,^JW4[J,$?(SR%HS\QY0@]#
MG@8`-:BL2U^']A::==6J7&MM%>;/,9]9O'D7:<C8[2EDYZ["-PX.11:_#^PM
M-.NK5+C6VBO-GF,^LWCR+M.1L=I2R<]=A&X<'(H`VZ*Q+7X?V%IIUU:I<:VT
M5YL\QGUF\>1=IR-CM*63GKL(W#@Y%2P>"K.WT.;3EFU<V]P_F,[:K=/.#\OW
M9C(9%'RCA6`Z\<G(!K45B?\`"O[#^Q_L/VC6_(\[S]W]LWGG;MNW'F^;OVX_
M@W;<\XSS6O9VJ6%G#!&962%!&IDD:1R`,#<S$LQ]222>I)H`DKS_`.(G_)=O
MAS_W$_\`TG6O0*\_^(G_`"7;X<_]Q/\`])UH`/AW_P`EV^(W_<,_])VKT"O/
M_AW_`,EV^(W_`'#/_2=J]`H`****`/@[XO>._!OP[_X*97E[KOQ&LO$?B/4+
M*XTZUM-%^(%Q;ZU\*].?34DFEN-`5WLYK-W@:Y>]N8@\<CVP*2JL92S^Q7^T
MG\/?&_P6^*LGA']H'P[JNB>*;^XA\'#6_B8-<U312=+9R\]Q+<33V[2-;W5X
MMONW00QL=D>UXX_MN'PWIUOXBN-8CT^RCU:[MX[2>]6!1<S0QL[1Q-)C<R(T
MLK*I.`9'(`+'-VIE!2HRI2ZQ<=-+7=_ZV;;;;;=S653][&I%;-/U:5O^!UT5
ME:[O^3?PJ_:*TNT^"7@S0/%WQ!U71OAE:>,K?3O'?Q.\/?';7?%&A:XQT2YE
MB,'B.X>&XL(VOHH$FAA:*-97CB#L964_H)^P)XD\0>+OV/O`NH^)[G4[W5KF
MR<BZU$,+R\MQ-(MM/+N`8R26XB=BP!)8D@$XKV"BNBI5Y[MK5V_!6V_*UDEH
MD<E.ER\J3;236NN[OZ[:-N[>[?0R?&=[KUCI<;^'M-TC5+TR@/%J.I26$2QX
M.6#I!,2V=HV[0""3N&,'(_MGQY_PB_G?\(WX1_MK[5L^R_\`"27'V7[/LSYG
MG_8=WF;^/+\K&.=^?EKK:*Q-CF;S5?&2>#[2>WT'PS+K[RD7-G)KT\=G%'E\
M,EP+,N[8"?*85'S-\QVC=!J&L^/(]#TZ2T\-^$9]3E\S[=!+XDN(H+;#?N_*
ME%BS2[ER6W1Q[3P-_6NMHH`Y+4-9\>1Z'ITEIX;\(SZG+YGVZ"7Q)<106V&_
M=^5*+%FEW+DMNCCVG@;^M&H:SX\CT/3I+3PWX1GU.7S/MT$OB2XB@ML-^[\J
M46+-+N7);=''M/`W]:ZVB@#F?$6J^,K;2],?2=!\,WU[+%G4(KO7I[6*UDPO
MRQ.MG(9ER7&YEC.%4[?F(6#7M9\>6_V+^R_#?A&\\RU1[O[5XDN+;R+@YWQQ
M[;&3S(QQB0["V3E%QSUM%`'):]K/CRW^Q?V7X;\(WGF6J/=_:O$EQ;>1<'.^
M./;8R>9&.,2'86R<HN.9_&>J^,K'5(T\/:#X9U2R,0+RZCKT]A*LF3E0B6<P
M*XVG=N!))&T8R>FHH`Y+Q/K/CRTUR>/1?#?A&_TQ=ODSWOB2XLYY/E&[=$EC
M*JX;(&)&R`#QG`GU+5?&47C!8+/0?#,^@&6,->3:]/%>",A?,86XLV0LIW;5
M\X!L#++DXZ:B@#F=2U7QE%XP6"ST'PS/H!EC#7DVO3Q7@C(7S&%N+-D+*=VU
M?.`;`RRY.(/[9\>?\)1Y/_"-^$?[%^U;/M7_``DEQ]J^S[\>9Y'V';YFSGR_
M-QGC?CYJZVB@#DO[9\>?\)1Y/_"-^$?[%^U;/M7_``DEQ]J^S[\>9Y'V';YF
MSGR_-QGC?CYJGTW5?&4OC!H+S0?#,&@"60+>0Z]/+>&,!O+8VYLU0,QV[E\X
MA<G#-@9Z:B@#F=-U7QE+XP:"\T'PS!H`ED"WD.O3RWAC`;RV-N;-4#,=NY?.
M(7)PS8&8/#&L^/+O7((]:\-^$;#3&W>=/9>)+B\GC^4[=L3V,2MEL`YD7`)/
M.,'K:*`.9\&:KXROM4D3Q#H/AG2[(1$I+IVO3W\K29&%*/9P@+C<=VXD$`;3
MG(/!FJ^,K[5)$\0Z#X9TNR$1*2Z=KT]_*TF1A2CV<("XW'=N)!`&TYR.FHH`
M****`"O/_AW_`,EV^(W_`'#/_2=J]`KS_P"'?_)=OB-_W#/_`$G:@#T"BBB@
M#S_X_?\`,E?]C78_^U*]`KS_`./W_,E?]C78_P#M2O0*`"OCGX?^(_B9X,^-
MGQ(\.>+OB!XOL?B+XJTN^USPW;WEGINI>#K;2[*\""738H$BNXKA(+BV247L
MA#2RAU$ZH0/L:O(_#G[`GP0\)0^.XK#X2?#N*#XGW)N_%D+:#;2P^(7."1<H
MZ%9$W#?L(V;V=\;G9CG.#DI).UXR2]6M/2SUOJ]+):\T;A))Q;5[23^2W]>U
MM+]7I9^-ZC^U!XXF_P""6?P:\:MXG32O&?Q'M?!^G:GXG:SM2=.DU::S@N;U
M(73[.)!Y[E%:,Q!V3*,H*GP[QG^V1\6[6W^)N@P?&*[TN7X'Z'XDUZTUQ](T
M=[CX@/IMQ&D4%VK6WD+"A;R9_L4=N[2.FUX2"A^S/#7_``3Z^#GA"[O8=-^'
MG@ZQ\-WNA2>'3X7M]"LH-`CM)KC[1<J+-(A&QN)!$9=X8-Y$>`/F+=#>_LA?
M";4O#_A/2;GX7?#JXTKP',MQX9LY/#=F]OX=D4@J]G&8]MLP(&#$%(Q774J1
ME7E6BK*3F[65DI644NCY+<R5DI.3B[**;QIIQC&#UY7'_MY+62?5<]^5ZOE4
M5)7<FCY:_8G_`&M_B+\8/BG\/?$&O^,9[^P^*FH^*K"\\$-86,=OX-72;B2*
M$Q21PK=F3]TJ3?:)9%+W"[!%@*WW37)>%O@'X$\#?$C7?&6B>"O"6C^+_%`5
M=9URQT>WM]2U8*`%%Q<(@DF``&-['&*ZVHG*+MRJWEV\K[OU>HH1DK\SOKOM
M^"T7RT.#O_C==_\`"6:YI.D^!_%WB#_A'[I+*ZNK*738H/.>VAN=J_:+N)SB
M.>/)V8R2`3BC_A;_`(A_Z)7X]_\``O1?_EA76Z/X8L=!U#5;NT@\FXUNZ6]O
M6WLWG3+!%`&P20O[J")<+@?+G&22;]9FAYIXD_:&U/PCI\=WJ/PR\>V]O-=6
M]DC?:-'?,UQ.D$*X6_)^:61%ST&[)(`)%_\`X6_XA_Z)7X]_\"]%_P#EA7:Z
MEI5KK-NL-Y;6]W"DL<ZI-&)%62-UDC<`_P`2.JLIZAE!&"!4]`'!_P#"W_$/
M_1*_'O\`X%Z+_P#+"J%O^T-J=WXHO-%C^&7CUM2L+6"]GA^T:./+AG>9(FW?
M;]IW-;S#`)(V<@9&?2Z@CTJUAU2:^2VMTO;B*."6X$8$LL<9=D1FZE5,DA`/
M`,C8ZG(!Q7_"W_$/_1*_'O\`X%Z+_P#+"C_A;_B'_HE?CW_P+T7_`.6%=Y10
M!YIX5_:&U/QMX7TW6M+^&7CVZTW5[6*]M)OM&CIYL,B!T;:U^&&58'!`(SR!
M5_\`X6_XA_Z)7X]_\"]%_P#EA7:Z5I5KH6EVUC8VUO965E$L%O;P1B.*"-0%
M5$48"J```!P`*GH`\TUC]H;4]!U#2K2[^&7CV&XUNZ:RLE^T:.WG3+!+.5R+
M\A?W4$K9;`^7&<D`W_\`A;_B'_HE?CW_`,"]%_\`EA76ZQX8L=>U#2KN[@\Z
MXT2Z:]LFWLODS-!+`6P"`W[J>5<-D?-G&0"+]`'!_P#"W_$/_1*_'O\`X%Z+
M_P#+"J'AO]H;4_%VGR7>G?#+Q[<6\-U<63M]HT=,36\[P3+AK\'Y98W7/0[<
M@D$$^EU!INE6NC6[0V=M;VD+RR3LD,8C5I)':21R!_$[LS,>I9B3DDT`<5_P
MM_Q#_P!$K\>_^!>B_P#RPJAXD_:&U/PCI\=WJ/PR\>V]O-=6]DC?:-'?,UQ.
MD$*X6_)^:61%ST&[)(`)'I=0:EI5KK-NL-Y;6]W"DL<ZI-&)%62-UDC<`_Q(
MZJRGJ&4$8(%`'%?\+?\`$/\`T2OQ[_X%Z+_\L*/^%O\`B'_HE?CW_P`"]%_^
M6%=Y10!YI;_M#:G=^*+S18_AEX];4K"U@O9X?M&CCRX9WF2)MWV_:=S6\PP"
M2-G(&1F__P`+?\0_]$K\>_\`@7HO_P`L*[6/2K6'5)KY+:W2]N(HX);@1@2R
MQQEV1&;J54R2$`\`R-CJ<ST`>:>*OVAM3\$^%]2UK5/AEX]M=-TBUEO;N;[1
MH[^5#&A=VVK?ECA5)P`2<<`UK:5\4]=U#5+:WF^&OC6PAGE6-[F>ZTAHK=20
M#(X2^9RJCD[59L#@$\5TWBKPQ8^-O"^I:+JD'VK3-7M9;*[AWLGFPR(4==RD
M,,JQ&001G@BK]`!7G_Q^_P"9*_[&NQ_]J5Z!7G_Q^_YDK_L:['_VI0`?\W3_
M`/<J?^WE>@5Y_P#\W3_]RI_[>5Z!0`444'.#C&:38!17QW\$M<^)GA+QI\4/
M"WB_X@^,H/BMK.FOXDL(M6L],U+PI8V,,WDF;1H[9(;B--C11M'?.7$H$FV8
M;VD\9UO]N7XM:Q^SKH?BJ/X@W&A:OX-^!F@_$ZYMXM+TUE\?:G=F59K:=9;=
MVC@W0(FVS\AP]XF'P%0ZT*;JI./]W_R93^_E=.2E;5-;;V<UR\UM>7_."6]M
M_:1M>VFKLK7_`$JHJ.TF:XM8I&0HTB!BIZJ2.E<MX_\`BL_@GQ1I.BVGAS7_
M`!)J6KVMU>QPZ:]HGE0V[VZ2,[7,\*_>N8@`I).3P,5#5M"(R4DFNIUM%<'_
M`,+?\0_]$K\>_P#@7HO_`,L*/^%O^(?^B5^/?_`O1?\`Y84BCO**\T\-_M#:
MGXNT^2[T[X9>/;BWANKBR=OM&CIB:WG>"9<-?@_++&ZYZ';D$@@F_P#\+?\`
M$/\`T2OQ[_X%Z+_\L*`.\HKS36/VAM3T'4-*M+OX9>/8;C6[IK*R7[1H[>=,
ML$LY7(OR%_=02MEL#Y<9R0#?_P"%O^(?^B5^/?\`P+T7_P"6%`'>45P?_"W_
M`!#_`-$K\>_^!>B__+"J&C_M#:GKVH:K:6GPR\>S7&B72V5ZOVC1U\F9H(IP
MN3?@-^ZGB;*Y'S8SD$``]+HK@_\`A;_B'_HE?CW_`,"]%_\`EA5#Q)^T-J?A
M'3X[O4?AEX]M[>:ZM[)&^T:.^9KB=((5PM^3\TLB+GH-V20`2`#TNBN#_P"%
MO^(?^B5^/?\`P+T7_P"6%'_"W_$/_1*_'O\`X%Z+_P#+"@#O**\TM_VAM3N_
M%%YHL?PR\>MJ5A:P7L\/VC1QY<,[S)$V[[?M.YK>88!)&SD#(S?_`.%O^(?^
MB5^/?_`O1?\`Y84`=Y17!_\`"W_$/_1*_'O_`(%Z+_\`+"J'A7]H;4_&WA?3
M=:TOX9>/;K3=7M8KVTF^T:.GFPR('1MK7X895@<$`C/(%`'I=%<'_P`+?\0_
M]$K\>_\`@7HO_P`L*H7'[0VIVGBBST63X9>/5U*_M9[V"'[1HY\R&!X4E;=]
MOVC:UQ",$@G?P#@X`/2Z*X/_`(6_XA_Z)7X]_P#`O1?_`)84?\+?\0_]$K\>
M_P#@7HO_`,L*`.\HKS3PW^T-J?B[3Y+O3OAEX]N+>&ZN+)V^T:.F)K>=X)EP
MU^#\LL;KGH=N02""?1-*O)-0TNVN)K2XL)IXED>VG*-+;L0"8W*,R%E/!VLR
MY'!(YH`GKS_XB?\`)=OAS_W$_P#TG6O0*\_^(G_)=OAS_P!Q/_TG6@`^'?\`
MR7;XC?\`<,_])VKT"O/_`(=_\EV^(W_<,_\`2=J]`H`****`"BO@[XO>._!O
MP[_X*97E[KOQ&LO$?B/4+*XTZUM-%^(%Q;ZU\*].?34DFEN-`5WLYK-W@:Y>
M]N8@\<CVP*2JL93*_9]_:U\/7'[)WQSUKX1_&72O'E]JWVZ3X;Z-?>/E\5:]
M%=II$DL<3>;<3SK-<2VUS<QV1):.)3^[CP\<:4KTW46MH\S\M;6_X.UT[72Y
MC946ZT:5TN9I*^FZO?Y:^BU=KI/]!J*_)FU_:'\/+XQTBRM_CAXXN?V7-3O]
M$_X2;QU+\0]3_P!"U633-7EN;-M<^T">QC:ZATSS(8YXDBEE6$!/-,1_0;]@
M3Q)X@\7?L?>!=1\3W.IWNK7-DY%UJ(87EY;B:1;:>7<`QDDMQ$[%@"2Q)`)Q
M6]2BX7N[VMMYJ_\`PW=:Z''"LI<NC5U?\?Q:VEV=U=M.WL%%<S\2OB6OPY31
MD31M7UZ]UZ_.G6=GIQMUE>06\]P23/+%&%$=O(<ELYP`#FLG_A;_`(A_Z)7X
M]_\``O1?_EA6)L=Y17FGBK]H;4_!/A?4M:U3X9>/;73=(M9;V[F^T:._E0QH
M7=MJWY8X52<`$G'`-7_^%O\`B'_HE?CW_P`"]%_^6%`'>45P?_"W_$/_`$2O
MQ[_X%Z+_`/+"J'AO]H;4_%VGR7>G?#+Q[<6\-U<63M]HT=,36\[P3+AK\'Y9
M8W7/0[<@D$$@'I=%<'_PM_Q#_P!$K\>_^!>B_P#RPJA;_M#:G=^*+S18_AEX
M];4K"U@O9X?M&CCRX9WF2)MWV_:=S6\PP"2-G(&1D`]+HK@_^%O^(?\`HE?C
MW_P+T7_Y850UC]H;4]!U#2K2[^&7CV&XUNZ:RLE^T:.WG3+!+.5R+\A?W4$K
M9;`^7&<D`@'I=%<'_P`+?\0_]$K\>_\`@7HO_P`L*/\`A;_B'_HE?CW_`,"]
M%_\`EA0!WE%>:>%?VAM3\;>%]-UK2_AEX]NM-U>UBO;2;[1HZ>;#(@=&VM?A
MAE6!P0",\@5?_P"%O^(?^B5^/?\`P+T7_P"6%`'>45YIH_[0VIZ]J&JVEI\,
MO'LUQHETME>K]HT=?)F:"*<+DWX#?NIXFRN1\V,Y!`O_`/"W_$/_`$2OQ[_X
M%Z+_`/+"@#O**\TM_P!H;4[OQ1>:+'\,O'K:E86L%[/#]HT<>7#.\R1-N^W[
M3N:WF&`21LY`R,W_`/A;_B'_`*)7X]_\"]%_^6%`'>45YIK'[0VIZ#J&E6EW
M\,O'L-QK=TUE9+]HT=O.F6"6<KD7Y"_NH)6RV!\N,Y(!Z7P9X\U7Q1JDEO?>
M"O$WAR%(C(+G49].DB=@0/+`M[J5]Q!)Y4+A3R#@$`Z:BBB@`KS_`.'?_)=O
MB-_W#/\`TG:O0*\_^'?_`"7;XC?]PS_TG:@#T"BBB@#S_P"/W_,E?]C78_\`
MM2O0*\_^/W_,E?\`8UV/_M2O0*`"BBB@`HHHH`^=/^"KGP4?]HS]AWQ)X'&C
M:IK]MXDU70[.]LM/CE>XDM#K-D;AAY7SJ%A$CLZXV*I;(`R/DG4/AE\9_%OQ
M\^$7CKQ5X.^(-QJ_P&O=:\$:9)I]J&FU=(_#VJ>=KD7F*\&V]D72XH9+A2@F
MC=,8<AOU!HIP;@I<N[OKV;7*FO1<R_[>\D:.I>*@U=*_S3W7S:B_E;9L_-#]
MCSXQ?M:?'#QOX7T?Q-J?Q0\,^'9?$>H2SZMJ'A:"&\N[&+2[2X@MKFXN_#M@
MD*/>&X@,BZ=$V-ZH\I5):]5_:Y\4:_:?$S]G'Q%\0/A_XDM_&.A^-WO;ZW\`
M6?B3QSHVEZ:+&]@,TD]OID,:2-+/;@^9;I)@G:61'8?;5%5SKGC)+X6G]UNO
MG;7=;Z7;9E&ZC.-_B4E\I)K;RO=>=NB2/DW]CO6=)TG]OGX_:?IOAWXF:?;:
MXVFW4.I:YX4U^VT[4)[99X[OR=0O8!!(%DE01K'*59.8@8T)7ZRHHJ%\*79?
MU;MITU%&*3=NK;^_4****"@HHHH`*_+;2?V7OB5HNM_%[P-IOA#QC%X-_:>\
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M\T^BB=3FO?JV_*[WT*DKSY_*WW;?U]U@HHHK(H****`"OBK_`(*>_!'Q;X\_
M:2^"_CGP=H&N:QK?PCTKQ%XGTU[**8PRWD;:9BPD9,)NO+87ENB.?F+D@93(
M^U:*EIW4HNS6J\G9I/Y-W^1I3FHMW5TTTUW35FOFC\D/$ND?'CX*_$#XI_%'
MPSX9^,>A^-?C;;>%]:O+C2-+$XTEV_MP1Z?<J^C:P0MK:KIMO*EK9LRS&-I)
M(HY'EKZ)_8J^(O[5WQ(T_P`3^+O$]E<7.KVEMH-KIW@KQ7$G@_0V-QH>G7.H
M70NX])NKYY8KU[J,1@^6K&5&P479]S45TQK)<UHJSLDM^5*RLO5:7WZJSU(;
M;?-+5M:]+O373TVV6JVT/A;2+SP_HG[;7[2]O?>"_B#<:/XG\#Z7!<W6L?#;
MQ+XDT/5;RVDU9KR&,M;;+^)5N[8+;6\@65&\N$?*P0_8&\$WGP\_9TTS2Y/#
M,GAG2%^+#7.CI'X3NO!]C=VLH$GF6>AW0^T:7;"1I8UMY2S$Q/*&*R@U]TUY
M_P#'[_F2O^QKL?\`VI6<9VNVM7%1\M&G?\+)7V;O?2TU5SM-O:7-_P"2\OX[
MM]]K:W/^;I_^Y4_]O*]`KS__`)NG_P"Y4_\`;RO0*@84$`@@@$&BBAH#R7P;
M^P3\$OA_X5\8:%H_PE^'EGHGQ!NGO/$NGC0+9[779';>?M,;(5E7=R$8%5).
M`*L:%^PW\$_"]IX:M],^#WPLTZ#P7=27WA^.U\*6$*:%<2,&DFM`L0$$CLH+
M-'M)(!).*]2H/0TD^6S72UOEM]W3L#5[WZW;]7N_GU[A4$FE6LVJ0WSVUN][
M;Q2017!C!EBCD*,Z*W4*QCC)`X)C7/08_(#5?V1OBI:_L8?$3X'V?@3QQ_PA
M7Q2T[Q%X_OY4M[SSK2]@GO3)I(4C>DE[<C2IX84`\R-[[`Q@-WGQS_:._:O\
M`?$OQMHWP[T;XM_V/H_@R\CTVVN_"J:C:VU_%I<,MI+8B/0D1P\ZNFR74[R0
MN71[>([,72BYZ+>UUYV3OKY23BKVO:^B:%4?+&,^DG;TUCRW]5)-]%M=N]OU
M*HKY8^/^D>.=%_99\?\`ASXAV&K>.?"5OX=9+'Q!H]Y?ZAXO\0W\@7;%/HVC
MZ3`D<0E?8?(DE5HXP94VF0CQOQ=XUTK_`(5]^Q=KTG@SXUS:KX4U*R7488OA
MUXIE;1;>WTF[LKEKFT2S(@;[3)"JO+&KR(=Z%H@S`IQYIN/]Z"]>9R5[:/W>
M6[3Z-/3K+G[JE:R<9RU[Q49*-]KRYK+S35F[V_0NB@'(!&<'\**DM,****`"
MBBB@`J#4M*M=9MUAO+:WNX4ECG5)HQ(JR1NLD;@'^)'564]0R@C!`KX0_;8\
M`^//AS_P41E^/?@GP/XK\8:C\/O`6F:;'8:9;RL/$5I=:CJ,=[8Q<B*2>,M9
M76TG<H@'0.=WS7KF@?M(_L`^#_'^F?#/1OBS?>*]<\=ZAXEO-0TW1#?Z/XEO
MY-&T6>X,BG1=1G>.:]:]6(1RV$`$<T9NXW6-1IA:?MM+V>N_?G44O1I\S?1^
MZD]RZ\/9SY$[_"_DX<S^:?NVZK6ZLT?L517RU\!-=_:%U#Q;X\UR\1/$5FWC
MJZT73]`\4W,?ABQTC0XBK)?V3V^DSW-[,^\J!-*L3J@PZL&9O#;/Q-X'\*:I
M^U38:W\'OC-X[\,ZMXIT[4;31K_X=^*;RU\3[;&RLY2SRV;_`&VV%VLAD11.
M&AC:18I(PN<4_=4N\5*W77E=K=[2N^ETUW:FFU+FUM9M>3LVOS7W:]K_`*+T
M5XQ_P3V\,Z?X*_8]\%Z/I<FNO9:9;RPHFJ^'-0\.RV_[^0F&.QOXHKF"WC),
M<*N@_=)'C(P3[/6U6')-Q[&=.7-%-A1116984444`%%?,/\`P5@_9QN?VKO@
M#X5\%06FLW$>H>.=&EGN-,6;SM+2.<N+PM%\T:PN$<N2%&T9XXKY6NM/^-WB
M_P"-VG_'[Q%X!^)6C>.-,^'OB?PE;V.A66^ZTYK(Z:OG6Z3VUS`'O+X7\]N9
M+>9IK:.`B*0CRZFG)2C.<M%%R3]%!237>[?*UTW5]4J46ZD:<=6TG\W)JS^4
M6T]=;)VNF_U`TW2K71K=H;.VM[2%Y9)V2&,1JTDCM)(Y`_B=V9F/4LQ)R2:G
MK\X_V-OBQ^UK\8?B!X9M/$U[XWTS2M)T[Q%J;'5M!CTNV\436]UIW]EVE_?7
M'A^VEMXYHKBY#-!IUM,4A8B,M&Q/IGQD\4WNC_MP_L^:]XR\#>,;?Q?##J5O
MKS>$](\2>+O#6CQ7-O-!;*+^/3X[9"\I'F,T4+J"IEQ&J/6TJ;482?VMEUZI
M:>J>FZ6K6JOSJM=R44WRNS?3=7?HKK5Z/9=;?:%>?_$3_DNWPY_[B?\`Z3K7
MS1_P3#\`IX2_:5^-NIZ'X.7P[X0\1C3KBVN+#X9ZE\.-,DN4EO/,B_LN_'FW
M-X$DB:;44(CG#1*$0Q$'Z7^(G_)=OAS_`-Q/_P!)UJ91LHOND_OZ?\'JM5HT
M;.ZE*+Z.W]?JNCT>J:#X=_\`)=OB-_W#/_2=J]`KS_X=_P#)=OB-_P!PS_TG
M:O0*D`HHHH`I0^&].M_$5QK$>GV4>K7=O':3WJP*+F:&-G:.)I,;F1&EE95)
MP#(Y`!8YNT44[C;ZA7/:+\6_"GB3Q#XBTC3O$_A[4-6\'M&FO65MJ,,MQHC2
M1^;&+J-6+0%H_G`D"Y7D<<UT-?GQXZ_8+^*J_M4_%;Q3X5T>ST[2_C;XN_X1
M[Q7>_;K>&>7PNVD:6HU%&1O-::":UO[:.(E7!U!Y,;5!)!.4G';W6TWMS7BD
MOG?7LDWLF-V4>9]&ONLV[>=EHNK:6[1]S^"_%_A7XT^%=%\4^'=4\/\`BW0[
M@F]TC5].N8;^TDRKQ&:">,LARKR)N0]&<9P2*Z!F"*22`!R2>`*_+[X3?L=_
MM'?!7XJ_!C1_"GA77O"?@?P9*L.H_P!F>+93I3:>U_?F2VDL1K<=E&R02P,N
MS2KEW7'^D0O&J5]&_L9?LW_%SX4?LO>"+'QOK4GB>>]\/-+\1O#/BU[OQ;K>
MO:BUMY;V]IJ%QJWV*UB.U%,/D20N=Y+*9&>FN64)5$[)-I)[O=IV6MK+=)ZM
M*UM3.E=V4][1;MMK>Z3=M4UUMHTVUL?12?'7P1+X-@\1KXR\*MX>NK[^S(=4
M&K6YLIKOSS;_`&=9M^PR^>#%L!W>8"N-W%=57YN'X(_$N3_@GS#X2?\`9D\;
M-XQTKXG3:_I5@=0\)F73K"3Q,VL>=#+_`&MY40^RXMRBR!_-(7:8LRU^C'A_
M4Y]9T&RO+G3KS2+B[@2:6QNVB:XLV903%(8G>,NI.TE'=<@X9A@FIP2YK/9V
M^5DT_O;3[6MN._Z_@[?CNN^ZT+=%%%9C"BBB@#GM%^+?A3Q)XA\1:1IWB?P]
MJ&K>#VC37K*VU&&6XT1I(_-C%U&K%H"T?S@2!<KR..:7P7XO\*_&GPKHOBGP
M[JGA_P`6Z'<$WND:OIUS#?VDF5>(S03QED.5>1-R'HSC."17PQXZ_8+^*J_M
M4_%;Q3X5T>ST[2_C;XN_X1[Q7>_;K>&>7PNVD:6HU%&1O-::":UO[:.(E7!U
M!Y,;5!/G^G?L<_M*?"+5_@;H/P^\*ZYX6\->"KBVCU!M)\72QZ?'8_V[<O<6
MLUBNM6]BBC3Y%*,--OY)`Y3?;/%&2XK2G?>7+?\`NMQN[^2O%7Z/F3UC84W:
M<HK5)2:\[-)+U?O.W;EEM+3]1V8(I)(`'))X`K@O$?[57PO\'>!;/Q3J_P`2
M/`6E>&=0OFTNUU>\\06D%A<W:RM$ULD[2"-I1*CH4!+!D9<9!%>$?L9?LW_%
MSX4?LO>"+'QOK4GB>>]\/-+\1O#/BU[OQ;K>O:BUMY;V]IJ%QJWV*UB.U%,/
MD20N=Y+*9&>O'?!_P^^*V@?L33^`I/V8_'EK?Z[XD\3V5X]MJ'A"74=$T'5M
M0NKQVLM^KK`'>":*`J95$<B;S',D:A[JP47*,6FTUZ/6SUUTZIJ[2U:Z&KC%
M-)O1MJ_E9N]OEMHF]$WN?HJCK*BLK!E89!!R"/6EK(^'UJECX#T2"/3+W18X
M+""-=/O)(Y+FQ`C4"&1HGDC9TQM)1W4D'#,,$Z]*<4I-+H84Y.4%)JS:"BBB
MH+"L'1_BIX7\0^-M;\,Z?XDT"^\1^&4AEUC2K?4(9;[2DF4O"UQ"K%XA(H+*
M7`#`$C(K>KX$^-O[$/Q:?]K;XI?$+X?Z79Z;>?$W5[/PGJ6IF_@MYW\,W&D6
M-O<:@A#%S-8W4$C11,%9C)+MX?)2NY<JZK\;I1OY7>KZ1O+9%QC'EE*3VU^5
M];=WRWLEJW9=3[8\"^./"/QQ\,:7XG\,ZQX<\8:*)I)=-U;3+J'4+42IYEO(
MT,T99=RYFB8J<C+J>XKHV8(I)(`'))X`K\I_"?[#W[2'P%\5_##P[\-_".M^
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M=?%O2_\`@G=K_P`/8_A#\<?`^MZIXI\0O'9>&=0\#O</IVHW]]>1*[7>H36R
M6WEW,<,HB*W"N#Y7R@2'[3_9V\-:QX+^`/@?1O$%EI.FZ[I.@V-GJ%II<DDE
MC;3QVZ))'`TA+M$K`A2Q+$`9)-2X+W]=FK>::;?W::]W9I6URE)J44EOS7^4
MK+[U=_*Z;OIV->?_``[_`.2[?$;_`+AG_I.U>@5Y_P##O_DNWQ&_[AG_`*3M
M699Z!1110!Y_\?O^9*_[&NQ_]J5Z!7G_`,?O^9*_[&NQ_P#:E>@4`%%%%`!1
M110`45#J6I6^CZ?<7EY<06EI:1M---,XCCA11EG9CPJ@`DD\`"N3_P"&C/A[
M_P!#YX,_\'5M_P#%UE4KTX:3DEZNQ<:<I?"KG945QO\`PT9\/?\`H?/!G_@Z
MMO\`XNC_`(:,^'O_`$/G@S_P=6W_`,76?URA_.OO17L:G\K^X[*BN9\/_&GP
M;XMU>'3]*\6^&=3O[C=Y5M::I!--)M4L=J*Q)PH).!P`37%>(?VY_AAX5^+K
M>";[7[^+6(KZ'2[BZ30M0ET:RO9MODV<^II`;&"Y?S(PL$LZR,98P%)=<[4J
MD:KM3?-Z:_EZK[R)Q<5>2L>MT450\4^*M+\#>&M0UK6]2L-'T?2;=[N]OKZX
M2WMK.%%+/+)(Y"HBJ"2S$``$DU8DFW9%^BFP3I=0)+$Z212*&1U(*L",@@CJ
M"*R/^%A:.?B&?"GVS_B?C3O[6^R^4_\`Q[>;Y7F;\;/O\;=V[OC'-'51ZO\`
M1-O[DF_1,F^G-T_S=E][:7JS9HHHH&%%%%`!1110`445RWPP^-'A[XQV;W7A
MV?4;VR2))ENI-+NK6VF5GECQ'++&J2,&A<,J$LGRE@H=-P)LZFBBN<\%_%GP
M_P#$/Q/XJT;1]0^V:EX)U&/2M:A\B6/[%<O:PW2Q[G4*^8+B%]R%E&_&=P(#
M2;O;HK_*Z5_2[2]6NY23M<Z.BDDD$4;.0Q"C)P"Q_`#D_A5#PIXFMO&?AFPU
M:SBU"&TU*!+F)+ZPGL+I%89`D@G1)8GP>4D164\$`\4)!8T****0@KS_`./W
M_,E?]C78_P#M2O0*\_\`C]_S)7_8UV/_`+4H`/\`FZ?_`+E3_P!O*]`KS_\`
MYNG_`.Y4_P#;RO0*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`*\_^(G_)=OAS_P!Q/_TG6O0*\_\`
MB)_R7;X<_P#<3_\`2=:`#X=_\EV^(W_<,_\`2=J]`KS_`.'?_)=OB-_W#/\`
MTG:O0*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`*\_P#AW_R7;XC?]PS_`-)VKT"O/_AW_P`EV^(W
M_<,_])VH`]`HHHH`\_\`C]_S)7_8UV/_`+4KT"O/_C]_S)7_`&-=C_[4KT"@
M`HHHH`****`,#XI?#32_C#X`U/PUK*3OIVJQA)##(8Y$*L'1U/\`>5U5AD$$
MK@@C(/@__#JWX>_]!GQG_P"!=M_\8KZ7HKS\7E6$Q4E/$4U)K2[['11Q=:DN
M6G)I'S1_PZM^'O\`T&?&?_@7;?\`QBC_`(=6_#W_`*#/C/\`\"[;_P",5]+T
M5R_ZNY;_`,^4;?VEB?YV?.GAS_@F1X"\,^(;#4H-8\9M/I]Q'<QC[?%%ED8,
M!OCB5UY'5&5AU!!P:\S^-_[)OQIL/!?CKP1X7T7P!XH^'GBCQDOC5[N;7KBR
M\2*CZE#J%UIT5J]LUI)*SQR+#<27D*J'16C&S>?M>BNS"9;AL*W]7@HWWMUU
M3U^:7Y;-IXUL55JI*J[V=UZV:_)M?.^Z37YK7'_!++XT>(OA"/#=S9?!R2RT
M;POJ'AO2;;6Y1JQU2*ZUVSU027<%UIES9VLZQ0R1C]U?QQ3)'(!.IVKA?#O_
M`(($:EK7P<\9^'_B;9_"KQ7J=[\-[GPCX2NKVU35%\+W[:IK5U!/"IL;>*!8
M8-0M(U>VABV&%UCBC0(#^HU%>C&HXT_9QT6OWOF;>OG-OLNB1C1FZ<G*/5I_
M^`\EO_2(W[]3\X9_^"1'Q!N?VC_#/C*U7P5X9T6PT>RLHM'\/ZS9VEMX/\BQ
M-O+86)D\.R74]A/+F22.*[TY&\QMT3,-S;6F_P#!,74?V8/V0].7P_HWA:'Q
M7X`^&U@\:^'+&:>;5O%VG30WHO!''$DER)YK=49FQ+(KE2H!X_02BES-7Y79
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MNFI++8VT-M/:6UKH&DVL+BXA\YT,#$.JR^:\C''SU^T5_P`$O?BW\"O"7C/5
M-6T#PCKV@?$+Q%I@U/1?`OAZ"ZLI$MY-3G-Y/IMEX6N0JNT]JF)]/UB960;[
MC`6>']G**FI>4N;T].G3N[+_`"T5G2GR1E!;/[UOL]]&[_TS\S/V5/\`@E5X
MJT'XW_![XCZ1ITW@SP7X>TK24MO#]YJ]E:ZSX1AM;412V2F70)KNXANG!FF1
M+W30[3N9(1(#7I/[1G_!)K5OC+>_M'Z]I]QX0TWQE\6-:TFYT+6#%&]X-)M;
M73$NM)N99[2=(H+J2QD61/)NH61T,D,V#%7W516DZC;;6EW)^?O24GKU^%+7
M=73O=DT)2IM/=VBGY\NW]=]K'Y<^%_\`@C%\6M%^(7P7U:*?X::;;_#G5+'4
M);@7>F7&KZ;#%K#W=Q8VU[!X8M)6LWM7*16UJ=-BA+RQNMS&^5Z_XJ_\$F?'
MOBOX?^(]&G\.?!7XA6OB/3M`TN;3O$]]-#%#'97VM7%U+!,VFW?D7#1:C#'%
M,L+.FZ<C851F_1>BB=1RCR=.9R^;<7UZ>ZOZ8EI-SZM)?):JUMM=;GYGZA_P
M1L^*-_\`%?XEZU;^)]&TI/&ND:C:V%Y:Z]`C6R7,2K%I%RD>A1ZA<6%N`8D=
MM6PJJ&2VC)*#<\>?L&>+_@3_`,$S/VLM"TKP)X-T34_B7;S:GH'@SX=?:;^T
MT\C1[*S^RP*+6W=V::VD<".%<AP=H.0/T4HI0J.,7%;./+\E+FZ[ZI:N_P![
M;:@E&3GW=_GITV6W2RZ;))?G_P#!O_@D;?\`_"ZO"_B?Q=X3^$NE>#M-\1ZA
MXA/@/2VDO]'T>633+2VMY[9);.!'G>ZMC=REHHPDC@J9'4R-BV7_``21^(=E
MX%L=!NK'X4:WJY^'L'A+3?&EWJ-R-:^&5[';7,,EUHJ-82;Q,TT;,1-9O\G)
M?"@?HU14R=].FGX)K\GOOHNA5)NFK)WV_!W]-];.ZN[O74^7_P#@E;^QCXD_
M8G^#GB#0/$BZ9:3:IJ_VV"QTK5K&]TVV0011EX8[/0]'AMS(RLSQK;R%FRYE
M9G;'U!115U*CF^9^2^Y6(C%15E_5]0KS_P"/W_,E?]C78_\`M2O0*\_^/W_,
ME?\`8UV/_M2LR@_YNG_[E3_V\KT"O/\`_FZ?_N5/_;RO0*`"BBB@`HHHH`*X
M3]IKXD>(OA)\"_$/B#PGX<N?%GB.PA1;#2X(99FGDDE2(,4B!=UC#F1E7!*Q
MD;ESN'=T4I)M-(J+LTVKGYW_`/#PO]K+_HAW_EFZS_\`'J/^'A?[67_1#O\`
MRS=9_P#CU?HA17+]6G_S\9T_68?\^T?G?_P\+_:R_P"B'?\`EFZS_P#'JZOX
M&_MW?M(^*?C%X9TKQ9\%;FS\.:IJ,-E?W4'AK5+)K..5PAG,LKNBK&6#MN7!
M5",KG</N6BFL/-._.Q/$0:MR(_,_QC^TNGA[QS)>S_%;6M/_`&EO^%JQZ%%X
M"NO%MU#9GP^VO"W0#0S,+9K9]+(F%]Y)<R-Q/D",2M_P6L\1:G^SY#KRZO\`
M#K2/$6G>#]*O_$1CT?\`M*VT#7Y]2:TN=.N4N-7L(;41@`,+J]A\EF!D<@JI
M_1CQEX+T;XB^%;_0O$.DZ9KVB:K"UO>Z?J-JEU:7D3##1R1."CJ1U#`@UHP0
M):P)%$B1Q1J%1%`"J`,``#H`*ZH_PU3?1WT[<O+9;V5_>UO>6KZWQJ33<FDK
MR_#WN;YZ>[LK);O3E_,"]_X*8?M&?M#_`+/7B_5O`5]\-_!&J^&/@T/'US))
MX3N-<OKJ_-UJ]JT5HJ:E]GB!_LY'0O\`;%5F(/VA<&N@_P"'NOQ&TK]HGPMX
M)MC\,O%^DZCHMC=PZW:SZ7ID/C%9[$W,NI:8MQKPNG@A?*-!:V=]O,;_`.D1
MM\H_2&BJK2YK\NEVW_Z5IZ6:5E;:^]FDI+E46ME:_G:"OZWC*6M_C:V6OYW?
M#[]O'XK:#X)\$?&3QUJ?A:\T/5?AUI/C7Q)I>BZ5?6MCH^CW=Y%]HFCB>[F,
MES;12F1I\8>*)T$0.&KO_P!K7]O_`,>_L\_L&>!OB3<R^%_#7B_QK?1F&SO_
M``^EY90Q7$4]Q;VDS76LZ9!;3B%8E:66\P\JLD<+/+'&/K;XE?#?1/C!X"U;
MPOXDL5U30==MVM+^S:1XTNH6X:-BA!VL.",X()!R"16U%$L$2QHJHB`*JJ,!
M0.@%%5J4)0IKE]YM=;)R<N7S232U[-N][+*BG"2E+WG:SOU:BHI^6O,WZI*U
MKO\`/GPY_P`%9/BEXA^&\-S:>`M`U7QBW@4?%1=$L+>[D-YH$FBI-%#&V_B[
M;5G:W!^8&*)F";CD8?['G_!53XR_M9_&+P1X4LY_A!;:=J::UJ&J:Y:6UGK1
MN[;3UTJ1K:&VTGQ#?1VESB^EC/GW4C<12^2`3$?TDHK252'M)3C&R:=ET6_*
M_.RY;_S--Z7LKIM1A&,M;;OJ[K_.[79-+[*9^1!_X+__`!%?P1XF:UN?A;/<
M6FM:79:5XAU'3M.T6Q6*ZMM5E:.XM;CQ3Y$,ROIJH4NM3M+A//8-:>9&L4OM
MWP(_X*D?%GQ1^W/X3^$?BS2?AF5O[6QCO7TW4--LVUDS:2E[-JFE_:=;^VW-
MFD[/"L<&G7*LL,C_`&O*M&OV;\>?V:O"7[2>E:7:^*8=>5M%N6N["[T7Q#J.
M@7]G(T;1.8[JPG@G4-&[*RA]K*Q!!%=+\/\`P#HWPK\#Z3X:\/:?;Z3H6A6D
M=C86<((CMH8U"H@SDX``Y))/>BG4@FVX]K+TC9N^F[U:MUOHTF*I[U[:737H
MV[W^73;MJM#XA^/G_!1KXO?"O0/C[XGT_3_`UWX:^&'C>T\$:;!_9+?:;%9;
M;3[B75KZYN=4M+1H(5O'!C>2T3Y59KF,`Y\Z3_@M3X_'C7X&:?+!X"ED^(T^
MGVVJZ;:0Z;=)=076L2Z:NH6.I6WB*9'4JJ2M;V=MJ7V=ODGN$#K(/TZHK.#B
MHQC)7MRW\THI27_;TKR[J]E\,;3)-\UG:_-;RO*Z_P#`59=-K]9)_ECX6_X*
M/^,?@E^S)I=X_P`1_AYX9\1WVG^#;6UU;XE2WVI66L75_ID\DPFFFU:UALPH
M@,SS(<LL<@,4\TB5U/B[_@LC\3_#OQS^+'AVU\&^#KVV\#Z?JL]CI\E_I\6H
MF*T0&'53"FK2:E=64^0^(]*B58R"MQ*/FK]):*<Y<TY2MH^;3M=)+S]VS:M;
M?HU<TJ2YE9:.Z=_FW;M9JRU3>G9V/SM^$W[=OC?P5^R+^U]\6E\<>"_BM?\`
M@+5!J'A_4M,CNE\+742>']+F"VD#7<[QVS2/(S+'<,#(TC!LL:M?`7_@I!\7
M/V@_VMM#^&FAZ]\&==\,7$NKW=QXWT?0KZ?3]=M+*+2)9+:Q1-3(CN(VU">V
MDE,TJK+$&\L%7AK[D^,/PB\._'WX7:]X+\6Z=_:WAGQ-9R:?J5GY\L'VF!QA
MD\R)E=<CNK`^]=%#"MO"D:#:D8"J.N`*N<XR:=MHJ-O-145)]'JKVMKLVT"E
MW7?]+6_'K^-FOS4^"_\`P55\:1_"6-UU3X;V.L^%_`,6N:3\/M2-]J'BWXFR
M?V2]WOTRZN=2\XQI*IB=GAO9&,$Q9U)!'T;_`,$K?VU?$O[;OP<\0:[XE7P?
M<S:-J_V"#4/#FH:5/;7:F"*4K)#I^KZLEM+&TA0I)=%V&U]D>[:/J"BE[17D
MVKW7W/FO?O=K3\K*R3K24VG%6U_2UOOU^>M]PKS_`.(G_)=OAS_W$_\`TG6O
M0*\_^(G_`"7;X<_]Q/\`])UK(@/AW_R7;XC?]PS_`-)VKT"O/_AW_P`EV^(W
M_<,_])VKT"@`HHHH`****`/*OVR?VG?^&1_@I/XP_P"$;U'Q/Y5W#:?9[9_)
MB@\PD>;/+M;RHQC:&VMF1XTP-^X?(G_#^W_JE'_ES_\`W)7Z(45A5IU).\)V
M7I<Z*52FE:<+OU:/SO\`^']O_5*/_+G_`/N2C_A_;_U2C_RY_P#[DK]$**S]
MC7_Y^?@B_;4/^??XL^,_V6/^"P.G_M%?&O2O!M_X"U'09-;WQ6EU:7S:IB8#
M<%DC6!&2/:')D&X)@%@J;G21_P!NSXDZ%X8T3XL:G;>"I_A-XA\62>%X?#EG
MIES_`,))9Q_;IK**^:^:Z^SR,7B#O:BU38KG]^Q3YOLBOGSQG_P3(^%GB;Q7
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M5]IR637!M([2Z6[$]I'$+NY1(X'C01RM'CR\(.ET'_@GM\'_``QX$\1>&;'P
M>L.A^+/#5IX/U2V.IWK_`&G2[03BWMPS3%D*"YGQ(A60EP2Q*J1VU'2;FX)K
M6\5Y:Z-^MM;7TOULL9IVBHOHDWYZ7=OO:5[:I/:[\2^+'_!=WX.?`SXB:WX2
M\6:?XDT;Q/X9TA]0U;27U#0Y-1LKI--.I-IWV5-1,\LWV<?Z^*-[,N0GVG=Q
M79>&/^"C,D_QOT[2?$O@KQ%X-\,:_HVCW=HVJ1V?VW2Y[^YU:..6]>"\EB2W
MF6P@6,)ND62Z19`I)$?6>(O^";?PE\5'4UOM.\9RV^O:2VBZS:IX\U^*TU^!
MK/[$SW\"7HBO;@V^(S<W"R3_`"1GS-R(5F_:>_8)\%?M+?"GQ1X9N;9-,E\6
MZ+IWAR]OCYMRZ:?9737$,<:&0*DJ&28I,/G5W5COV!:ERA966NGI;6^E_2VK
MLEK=J[V3AR<O5K?>SO"SZ=%.ZTNVMD[1P/CU_P`%-/!W[//[*7ACXQZUX>\0
MGPGXH1)X8[C5="T:ZMX)(VEBE<:GJ-K&YD105BADDF.]1Y><@8OC?_@L+\)?
MA[\.I?$^J1>)K6PMYKA;A)H+:WDM(([>TGCNY?-G1([>8:AIZI(S`!KV+S/+
M42,GKWQR_9#\`?M&>&-"T?Q5I.H2V7AIF.FG2]:OM&GM5:%H'B$UE-#(87A9
MHWB9C&ZG#*16/+_P3_\`A!/>ZI<R>#8'N-8\.V7A6YD-_=ECI]F5:V1#YO[N
M6-DB(GCVS$PQ$N3&A7)[U+;/X>Z5NO1ZI=.K>MDGC%O]VY+_`!>;NMO*UWZI
M+1-M>8?!+_@L'X`_:0\2^%M'\!^%_&'BW4?$<&HW5R-)O]!O+708K"6VBN7N
M;N/4FM7"F[@(-K+.&#\9(('$ZG_P<"?!K1OAAK/B.YT?Q$+G0]<7P_<:5#XA
M\*W,KW#6LET%2\BUAM.=_+AD`@%W]H+KL$)8J#])^"OV*_AYX&U:RU&*Q\1:
MUJ6GZ-?^'HKWQ%XIU7Q!=&PO989KFW>6^N9GD1W@B(WEB@7:I520?!/C3_P1
MK\/W^E:$OPC\7:]\,M3TJ?=/>WNO^)M6GN85MFMX84N(-:L[V%88V*QQK<_9
M]N%:%PD>QS:Y5R[V5_7F=[>7);1W=V]=$W-.,^;WFK7?W<NFWVN;T5DM-6ET
MWPC_`."P7PI^+O[4NF?!Z*/5M#\;:E&(_L.IW^DI=6M]]B%[)82V<5[)>K+'
M`26F^SFU+*R+.[8!;\5?^"O'@#X,:'XUU?Q#X:\8:7H7@WQ0?!::M?W>BZ;I
M^MZNNXO:V\]WJ$21A44N9;LV\."`'+_(/4/A-^QCX6^%'C.Q\50ZEXRO?%B6
MD<.J7C>)]2M[#7KE;=8)+Z[TN*==/ENI%12TS6Y?(4[OE7%KQ%^Q?\./$_@_
M6M#N-#O;>TU[Q!+XKN9['6KZQOH=5DX>\M[N"9+BUE(XS!)'@%@,!B"ZRU2A
MVU\Y<T=5?6W+S6OK?ENGJ%)RY??77\.67;2_-R7\N:S5U;P_PM_P6J^%/Q"^
M(G@?POH<=Y/=_$O39+WP[?#6M!NH;B1(+B5HWM+?47U`(K6LT9G%L;8LF%F8
M,K&O\-/^"IMZ/@[%XEU[P5XD\97KW7AZPNK3PE8:?9?V=<:KI%A>(BB_U59+
MP--=D+Y*"4!@GDOY9F?UC3_^"<?PDT_XB:9XK;2/$][KVE>2T=Q?^,];OEN)
MHK9[6.ZN(YKMX[FZ%O(\7VF=7F*$*7(``KZM_P`$S/@WJEII<,6A>)=&;1;N
MUO[*?1/&>MZ/<P36VG)ID+":UNXY#MLXUA(+$,-Q8%F8FZ<H+FYENXV]%)MK
MU<7;3LMM;MQ>EG]AI_XVE9^B:;^>UM%Y7I'_``77^"/B7QCXM\/:0=<UO7?#
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M:KI]S9Z5.?"']F-`MQ)?;=32*55^UVSA;6>4R)(`K`YQ/J/_``5G\'>%OA[K
M'BK4/"_C6Z\&^$-,L9_$GBY(]+L-(TN]N[2VN8;%TN-06X$KK>6HW(DEO&9U
MWW`"NZ^F^!_V"/A5\/+I+G3?#EZU\-(U+0Y;V]US4+^\N[74)8I;P3SSSO+/
M+*\$1,TK-*-@`<#(.9=?\$W/@]=:C=3CP_KEM!?Z?;Z==Z?:^+-7MM,O4MX(
MX+>::SCNEMY;J*.*$)=/&9T,,3+(&12$K<C3^)Q7IS7E>RU]WE<;+?FO=R22
M>45+VB<OAN].O+[EM?YM))O:UK)-MK>_8W_;'\'?MQ_!\^-/!5P)-/AOIM,N
MH?M]C?FTN8MI>,SV-Q<6LO#H=T,\B$,/FSD#U:N9^$GPFTKX*>"X=`T:[\37
MMC!(\JRZ]XCU'Q!>DL<D-=7\\UPRYZ*TA"C@`#BNFJIN+?NKM]]M?E?;?3JP
MIJ27O.^_W7T^=K7\^B"O/_AW_P`EV^(W_<,_])VKT"O/_AW_`,EV^(W_`'#/
M_2=J@L]`HHHH`\_^/W_,E?\`8UV/_M2O0*\_^/W_`#)7_8UV/_M2O0*`"BBB
M@`HHHH`**\@_;\_9-_X;J_8V^(7PB_X2_P`0>`_^$\TIM-_MO1GQ<VF65]KK
ME?-MY-OE3P[D\Z"2:/>F_</Q@_X@8_\`JZ/_`,QO_P#?2@#]_J*_`'_B!C_Z
MNC_\QO\`_?2C_B!C_P"KH_\`S&__`-]*`/W^KR3Q#^W/\,/"OQ=;P3?:_?Q:
MQ%?0Z7<72:%J$NC65[-M\FSGU-(#8P7+^9&%@EG61C+&`I+KG\?/A/\`\&3'
M_"M?BGX9\1_\-4^(+;^P-5M=2\W0O!G]DZK%Y,R2;K2\_M"3[-<#;F.;RY/+
M?:VQMNT_H/\`&_\`9-^--AX+\=>"/"^B^`/%'P\\4>,E\:O=S:]<67B14?4H
M=0NM.BM7MFM))6>.18;B2\A50Z*T8V;RHR]])K3];Q5KZVT<G>SVMNTG37N7
M6]U]UGKYZI*WG?9,^UZH>*?%6E^!O#6H:UK>I6&CZ/I-N]W>WU]<);VUG"BE
MGEDD<A415!)9B``"2:_.6X_X)9?&CQ%\(1X;N;+X.266C>%]0\-Z3;:W*-6.
MJ176NV>J"2[@NM,N;.UG6*&2,?NK^.*9(Y`)U.U<+X=_\$"-2UKX.>,_#_Q-
ML_A5XKU.]^&]SX1\)75[:IJB^%[]M4UJZ@GA4V-O%`L,&H6D:O;0Q;#"ZQQ1
MH$!TC%>SYY.SUT\O>MMW26FZYK/;5T%&4VINRO%>M^2[\N7FET=^6ZWT_42"
M=+J!)8G22*10R.I!5@1D$$=0161_PL+1S\0SX4^V?\3\:=_:WV7RG_X]O-\K
MS-^-GW^-N[=WQCFOSZG_`."1'Q!N?VC_``SXRM5\%>&=%L-'LK*+1_#^LV=I
M;>#_`"+$V\MA8F3P[)=3V$\N9)(XKO3D;S&W1,PW-M:;_P`$Q=1_9@_9#TY?
M#^C>%H?%?@#X;6#QKX<L9IYM6\7:=-#>B\$<<227(GFMU1F;$LBN5*@'A62;
ME+X4VG;5M6F[I>L5IU<DD]>987J-1C%7DU%[V2;<$T_12>NEN5O6UG^@E%?&
M7QT_8`\8?%+_`()S^'/AKI]C\/=1\77FHP^(/%4?B2QL[BSO;ZXDDN=0D@:]
MT_4X(9C<SNR2264^$!0;"PD3S/P__P`$=OB7:_!W2O`S^/M%TC36\%Q?VEJ%
MA<7,EZGC"WTN72K;48OW<:O`+:2%SGRV66R@*IR2I*-N=/[+LO[VEVUY:-+N
M[+2^FT'"2BT])*^VUW977W-]E?>UG^C-%?G1^R=_P1KUOX?^)OAW+X_TKP)J
M7AWP=K^IZU-H#W]CJNFI++8VT-M/:6UKH&DVL+BXA\YT,#$.JR^:\C''SU^T
M5_P2]^+?P*\)>,]4U;0/".O:!\0O$6F#4]%\"^'H+JRD2WDU.<WD^FV7A:Y"
MJ[3VJ8GT_6)E9!ON,!9X9J-1E:_;7IK;\=7IY>MG2ASQE)Z-=.KM?;ILN_6W
M:_[.45^9G[*G_!*KQ5H/QO\`@]\1](TZ;P9X+\/:5I*6WA^\U>RM=9\(PVMJ
M(I;)3+H$UW<0W3@S3(E[IH=IW,D(D!K4_P""B/[!OC[Q!XH^.?Q`\/>!/!%_
M%XRT2RTV"2UEEUOQ1K,J7FG;%3&FQW&GVRI`YDMXKRZA;8LJQQ/YC/<XJ,N5
M]Y+_`,!VO_B\K^5UJ8QFFN;I:+_\"W7_`&[UZ=['Z/UG:+XQTCQ)J>JV.G:K
MINH7NA7"V>I6]M<I++I\[1),L4RJ28W,4D;A6P2LBMC#`G\Y[[_@CWXUN+$3
M'P7\"[W0[[4M:N+;X9W.K7:^$?`CWUOI\,.HZ8R::/,NX'LYY@OV6V._49]D
MT1R[^A_#C_@G3J?[*?P^_::FL]"\)^(KSXD>%E-IXATZW;_A*-:NX]#BLY[>
MZB6W_>>;<P/=!UGD:26\ES&K9=\ZTHTZ,ZKU<8<R75RWY>JT779W5FVFETTJ
M:G4C3ON[7Z)<R5_FG>WD[V5F_N:L_P`+^)K;Q?HZWUI%J,,#2RPA;VPGL9MT
M<C1L?*G1'"EE)5MNUU*LI965C^9_[/O_``1NU[QQ8_#76/&7@OX5^&_"4>H^
M']8\1>`XC/=66K_9-%U.VN-0O()K&)6U.ZFU"W$\,BLNVT&^>5@!7IW@W_@F
M1XP\#_$CPWJ>I^%/@[\2=)T[4M7GM;?Q!J$\)\#R77B*^U.'5=*1M/N$>^%O
M=1(R_P"CD/:H%GV_,.K$4(TY."E=WM^%[[]7IK:V[:UMS4IJ=.-1=8IV[7;3
M7_;J5WWO:-]+_>5%?%G_``2<_P""=/C?]A+6O&4GB_6++6'UNVM;?[?9:M92
MKK\T3RE]0NK6#1+!X[N0.I:6>[U"9P=KSMY:NWVG6-2*5N5WNOZ_K[RW\4H]
MG]X4445`!7G_`,?O^9*_[&NQ_P#:E>@5Y_\`'[_F2O\`L:['_P!J4`'_`#=/
M_P!RI_[>5Z!7G_\`S=/_`-RI_P"WE>@4`%%%%`!1110`445X!_P5.\?_`!E^
M%W_!/OXHZ_\`L_:)_P`)!\7=,TH2:#9K9K>S#,\:W,T%NQ`GN(K4SRQ1$/YD
ML4:>5-N\IP#W^BOY@?\`AY9_P62_Z%S]H#_PQ-K_`/*FC_AY9_P62_Z%S]H#
M_P`,3:__`"IH`_I^HK^8'_AY9_P62_Z%S]H#_P`,3:__`"IKW#_@FO\`M]?\
M%8/B'^WG\*M#^(W@[XH7_P`/=5\006_B=/%'PIM]`TR#2V)%W.]X+*U,4D,'
MF2Q`3`O-'$FR;?Y,@!_0=17YG^,?VET\/>.9+V?XK:UI_P"TM_PM6/0HO`5U
MXMNH;,^'VUX6Z`:&9A;-;/I9$POO)+F1N)\@1B5O^"UGB+4_V?(=>75_AUI'
MB+3O!^E7_B(QZ/\`VE;:!K\^I-:7.G7*7&KV$-J(P`&%U>P^2S`R.054B:=-
M375VLM?L\VG=6TNOM:*]TWI.FXN5VO=\_P"\X[>;3:\M>C2_2NBOR^O?^"F'
M[1G[0_[/7B_5O`5]\-_!&J^&/@T/'US))X3N-<OKJ_-UJ]JT5HJ:E]GB!_LY
M'0O]L568@_:%P:Z#_A[K\1M*_:)\+>";8_#+Q?I.HZ+8W<.MVL^EZ9#XQ6>Q
M-S+J6F+<:\+IX(7RC06MG?;S&_\`I$;?**K1]G?F>S:^[F5_)7BUK;OLFTE3
M?*I+JK_*T)??:I%Z7ZK?0_2&BOSN^'W[>/Q6T'P3X(^,GCK4_"UYH>J_#K2?
M&OB32]%TJ^M;'1]'N[R+[1-'$]W,9+FVBE,C3XP\43H(@<-7?_M:_M_^/?V>
M?V#/`WQ)N9?"_AKQ?XUOHS#9W_A]+RRABN(I[BWM)FNM9TR"VG$*Q*TLMYAY
M59(X6>6.,%6#I0E*IIRR<6NS4G'YJ\7JM'9I7L949*K*T=FKI]URJ?X*2OVN
MKVN?:5%?GOX<_P""LGQ2\0_#>&YM/`6@:KXQ;P*/BHNB6%O=R&\T"314FBAC
M;?Q=MJSM;@_,#%$S!-QR,/\`8\_X*J?&7]K/XQ>"/"EG/\(+;3M336M0U37+
M2VL]:-W;:>NE2-;0VVD^(;Z.TN<7TL9\^ZD;B*7R0"8CI*A.-25.6CBFWV5K
M\VO]UQDGYIHNFG.$9QZ[=]K_`(IIKR:\[?I)17Y$'_@O_P#$5_!'B9K6Y^%L
M]Q::UI=EI7B'4=.T[1;%8KJVU65H[BUN/%/D0S*^FJA2ZU.TN$\]@UIYD:Q2
M^W?`C_@J1\6?%'[<_A/X1^+-)^&96_M;&.]?3=0TVS;63-I*7LVJ:7]IUO[;
M<V:3L\*QP:=<JRPR/]KRK1J0H3E+EZZ?BK_JD^S\DVE4]R]^B;T[)V_'==UY
MZ'Z$T5^>O[47_!67Q9\#_BK\7=%TWQ/\'[Q?!%[HD%C:1V3ZF-(M[O5K"PN9
MM5N[?4PUO/&+F5A:S6EL2`CI+.(YE7G_`!!_P5Y^(FE^$89E\3?`NVA@_MJ7
M1_%ESIMXVB?%F2RE@2VT_0H8]0+1W%SYKJI$]XVZ$F.&96^7*DN>,91^TFUZ
M))O;K9K3=NZ2<DTJG%Q=G_-R_/\`R\WHMVTFF_TJHKXM_9S_`&OOB==:#^U/
M?>,_%7@G5==^%UQ-?:)X3CT-K&_\.VQTF*]MTNRMV[3P.S,BR;(R[P7!$A4K
M'#Y%\+O^"KWQC^-7B#P3X=\*ZU\$-?F\<Z[HNG#Q5IVA7UWH^A27VDZK?76E
M36Z:GOEO[-K"#>?/B#+=*&BB;!K2G1E.7(M^6$O_``9\*_._16WU5\X34HN?
M1<^]U_#5Y.V^S32W:UM9-K]+Z*_.[X*?\%)O%LGQ!3PA?^)?ACX,33KK6I;"
MP\1B_OM6^)<T/B#5[+^SM'EN=35H[B-+*'<,7FUKR)4ACC5$/IO_``27_P""
M@_C3]N_3/&,WBW2O"ED=!^Q21_V/J&E-/I\LXE,NGW=K::OJ4T4T!C4>9<BT
M>0LP-M$8V6B-)OFM]G5_?;\[Z;JVMKJZJ3Y)<D]]OZ_#RUTO:5OL2BBBLBPK
MS_XB?\EV^'/_`'$__2=:]`KS_P"(G_)=OAS_`-Q/_P!)UH`/AW_R7;XC?]PS
M_P!)VKT"O/\`X=_\EV^(W_<,_P#2=J]`H`****`"BBB@`HKY@_X*\_\`#4'_
M``QM>_\`#(__``C_`/PM?^U;/?\`VC]D^T_V=N/G_8OMG^A_:-WE9^T_)Y'V
MC9^^\JOR@_XWK_Y_X5]0!^_U%?@#_P`;U_\`/_"OJ/\`C>O_`)_X5]0!^_U%
M?D#_`,$Q?$7_``5NT']LGPO%^T+X<\/^(/A%J?FVFOOJM_X8LO[(B*[Q>6[:
M2&N7N%9`B1-&\4GFE',.X7,'H[?M11Z%XHT+4++XKZ[<?M-W7Q!N='UGX?:A
MXKNS:QZ6+ZY4P'06F6WBMQ9)')#>)"LDI\LB>3S"&ES2DD^OZM+;LF]7T6NN
MS;3Y)22V3?W)O?N[:+J_*[7Z;T5^8VI_\%P/$>I?!%-?L-7^'-AJ%MX/\)7V
MH7$>CKJ-GIVOZE)J,>HZ=<-=:UIUM:K"]FB#[3>QM%(3&QED=$J#Q-_P4Q_:
M'^.7[-_CGQ5X*U3X:_#AO!GPET'Q]?&Z\)W6N7S76H+?&:.$_P!H1P0I$+(L
M#)'<`!B#NQNKIJ8><'-.WN.S=U;9N]^VGY=T3-\O+=;I/SUM96WOJEZW71GZ
M@45^6GQZ_P""V?Q2^$'Q%\7:)I-K\*/%-KX:\)2ZOIM^)].L(?%P303J0UJP
MAEU_[=/8F8&+[/;6=R-D<C"^W(R+ZMXN_;&^)'[-'Q,O?&WQ`US0M;\,Z-X+
M\-:SXOM](TF^M['3K*]O]:B:YL[5KJ<I-$WV(33,7\R*WD.R/Y0DNDU'F>WS
MZWMI:^MNNW6S32V5&7)SKM=+>^L%9>?OJRZ]+IIGWK17Q-^W;_P4!^(W[(?[
M%?P\\:7K^#]!^(/BL`W6F7FAI>:<T[6DEQ]A66ZUG3(X)1@(&:>5Y65A%;NS
M!1Q?CW_@K1\4M`\#ZPVE>!M`U3Q1X=T.+QGJ-K!;RO"F@WT-E]@F5I+F)!(L
MUW<>8TDB1LFDW7,`99$R:LZD>L-'ZVOH]GHF]'M%O97,8M2=.S^/5>ETM>VK
MBO-R21^AM%?GO^R[_P`%,_BY^TKX[\$Z5#+\+=/TB[\/^(/$FKZO964'B'^V
M+;3+NQ@46<>DZ[>6]O))]L<&-KNZ9&AZ'<`/$5_X+Z_$J^^$.HW=C??!]M3;
MQ#!IVE>(M4M]*TG2)X)=/GN0LT,OBHV\4@FA\M@VJ"X0%\V9>-HZJ4&HJ7=)
MKS3DX+T]Y/1V>CT(C5BY<OG;YJ/-;STMJM-5J?KM17P5^SS_`,%,_BAX[_X*
M!V7P=\3:/X`^RQQ"WO#97NFV5W>!=-6Z.L644VM/?W%E),6B2*/3714R_P!L
MDV.HP_CE_P`%;?%/PS\>?$[2['QG\%+E/"GB_0]!@,5FVI6?ANRO=52PFN-4
MO;?5?EN8P7=K66WLFC*-AID5G#=-\T(+5SV^;26^U[IZ[*[=K.Q[1>SG4>T=
M_N;_`$:\W:U[J_Z(T5^:6K_\%@_B7;>#;2ZBOO@Y;WD-CJ5[H=Q<6%V;;XU2
M6VISVD-IX=1;[=#)<1112JV^^(^U1$)(GSGO=*_;M^)_PO\`V2OVK/&OB+Q;
M\/?%WC#X-:MJC:9H":$^GRZ%!$IEMHK]$O'>2.2)D:-\1,RJS;I,@JE%M7\F
M_P#P&48O?9WDM'9JSO;2^E1.$E![N2C;1ZM-][6LMU=-Z)NTK?>%%?G_`/"7
M_@HM\6?CC\;/#G@7P[K_`,&]>TO6/$FHV!\<:7H=[<:1JUE::9:7TL5I$FI$
MBXB>::UDD^T.@D3=L4JT-9/P2_X*:>+F\%>$[.36OAOH-Y9?#NT\1:=X2UHW
M^H>)/B=<O:7,AM=)N;K41*6C:!$=W2^E9I,MM."T3:C%RETL_DTW>V^RV2;W
MTMJZI1]HKP[I?-NRUV7SLE?5WT/T6HKY0_X)3?MT^+/VY/`?BO4O%%IX35]"
MO8((;G0[_2I0&DB+R6L]O8ZQJA@FA.%)FEB>0,#Y$1!4?5]:5*;@[2\OQ5S&
MG44US1\_P=@HHHJ#0*\_^'?_`"7;XC?]PS_TG:O0*\_^'?\`R7;XC?\`<,_]
M)VH`]`HHHH`\_P#C]_S)7_8UV/\`[4KT"O/_`(_?\R5_V-=C_P"U*]`H`***
M*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH
M`****`"BBB@`KS_X_?\`,E?]C78_^U*]`KS_`./W_,E?]C78_P#M2@`_YNG_
M`.Y4_P#;RO0*\_\`^;I_^Y4_]O*]`H`****`"BBB@`HHHH`****`"BBB@#,\
M9>"]&^(OA6_T+Q#I.F:]HFJPM;WNGZC:I=6EY$PPT<D3@HZD=0P(-:,$"6L"
M11(D<4:A410`J@#```Z`"G44[C;"BBBD(P_B5\-]$^,'@+5O"_B2Q75-!UVW
M:TO[-I'C2ZA;AHV*$':PX(S@@D'()%;442P1+&BJB(`JJHP%`Z`4ZBG<`HHH
MI`<'\>?V:O"7[2>E:7:^*8=>5M%N6N["[T7Q#J.@7]G(T;1.8[JPG@G4-&[*
MRA]K*Q!!%=+\/_`.C?"OP/I/AKP]I]OI.A:%:1V-A9P@B.VAC4*B#.3@`#DD
MD]ZUZ*:=DTNNH,YGXN?!SPW\=O!ZZ!XKTW^U=)2_L]3$'VB6#%Q:7,5U;ONC
M96^2:&-\9PVW#`J2#TU%%">EOG\]%?[DON0VV9OC/PAIWQ!\(:KH&L6WVS2=
M;LY;"]@\QH_.@E0I(FY2&7*L1E2",\$&E\'>$M/\`>$=*T'2+?[)I6B6<5A9
M0;VD\F&)`D:;F)9L*H&6))QR2:T:*25KVZVOYVO;[KNW:[[DM7LWTO;RO:_W
MV5^]EV"BBB@84444`%>?_$3_`)+M\.?^XG_Z3K7H%>?_`!$_Y+M\.?\`N)_^
MDZT`'P[_`.2[?$;_`+AG_I.U>@5Y_P##O_DNWQ&_[AG_`*3M7H%`!1110`44
M44`%%%%`!1110`5E^,_!&B_$?PU=:+XBT?2]>T>^4+<V&HVL=U;7`!!`>.0%
M6&0#R#R*U**+@P`"@```"BBB@$%87Q)^&NA_%_P;=^'O$=@NIZ+?M&;FT:1X
MTN!'(LBJ^P@LA9%W(3M<95@5)!W:*``#```P!1110`5YY\?OV6?!O[3,&E+X
MK@\0";1'E:RNM$\2ZGH%Y$)4"2QF>PN()6BD4`-&S%&VKE3@8]#HI-)[E1DT
M[IV,[PAX2TSP#X4TS0M%L;;3-'T:UBLK&TMTV16L$:!(XU'954``>@K*^*OP
M<\-_&W1=-T[Q1IO]IV>D:O9:[:1_:)8/*O;.X2XMI<QLI.R6-&VDE6QA@02*
MZ:BK<Y.2G?5-._6Z=T[]T]4^^IFH)1Y$M+6MTM:UO2VENP5S?QA^$7AWX^_"
M[7O!?BW3O[6\,^)K.33]2L_/E@^TP.,,GF1,KKD=U8'WKI**29:8V&%;>%(T
M&U(P%4=<`4ZBBALE))604444AA1110`5Y_\`#O\`Y+M\1O\`N&?^D[5Z!7G_
M`,._^2[?$;_N&?\`I.U`'H%%%%`'#_'3P_J^NZ5H$VC:?_:=UI.MV^HM;^>D
M&](U<D;G(`R2!W//0U7_`.%B>._^B<_^5^W_`,*]`HH`\_\`^%B>._\`HG/_
M`)7[?_"C_A8GCO\`Z)S_`.5^W_PKT"B@#S__`(6)X[_Z)S_Y7[?_``H_X6)X
M[_Z)S_Y7[?\`PKT"B@#S_P#X6)X[_P"B<_\`E?M_\*/^%B>._P#HG/\`Y7[?
M_"O0**`//_\`A8GCO_HG/_E?M_\`"C_A8GCO_HG/_E?M_P#"O0**`//_`/A8
MGCO_`*)S_P"5^W_PH_X6)X[_`.B<_P#E?M_\*]`HH`\__P"%B>._^B<_^5^W
M_P`*/^%B>._^B<_^5^W_`,*]`HH`\_\`^%B>._\`HG/_`)7[?_"C_A8GCO\`
MZ)S_`.5^W_PKT"B@#S__`(6)X[_Z)S_Y7[?_``H_X6)X[_Z)S_Y7[?\`PKT"
MB@#S_P#X6)X[_P"B<_\`E?M_\*/^%B>._P#HG/\`Y7[?_"O0**`//_\`A8GC
MO_HG/_E?M_\`"C_A8GCO_HG/_E?M_P#"O0**`//_`/A8GCO_`*)S_P"5^W_P
MH_X6)X[_`.B<_P#E?M_\*]`HH`\__P"%B>._^B<_^5^W_P`*/^%B>._^B<_^
M5^W_`,*]`HH`\_\`^%B>._\`HG/_`)7[?_"C_A8GCO\`Z)S_`.5^W_PKT"B@
M#S__`(6)X[_Z)S_Y7[?_``H_X6)X[_Z)S_Y7[?\`PKT"B@#S_P#X6)X[_P"B
M<_\`E?M_\*Q_%+>-/B+JOAN&[\&?V3:Z9K=KJ,UQ_:\$^$C8AAM&#T8GC)XZ
M<UZQ10!YOXVL/$NA_&F/Q#HWAW^W;5M$&G,/M\5KL?SVD)^?).`!VQ\W7BK'
M_"Q/'?\`T3G_`,K]O_A7H%%`'G__``L3QW_T3G_ROV_^%'_"Q/'?_1.?_*_;
M_P"%>@44`>?_`/"Q/'?_`$3G_P`K]O\`X4?\+$\=_P#1.?\`ROV_^%>@44`>
M?_\`"Q/'?_1.?_*_;_X4?\+$\=_]$Y_\K]O_`(5Z!10!Y_\`\+$\=_\`1.?_
M`"OV_P#A1_PL3QW_`-$Y_P#*_;_X5Z!10!Y__P`+$\=_]$Y_\K]O_A1_PL3Q
MW_T3G_ROV_\`A7H%%`'G_P#PL3QW_P!$Y_\`*_;_`.%'_"Q/'?\`T3G_`,K]
MO_A7H%%`'G__``L3QW_T3G_ROV_^%'_"Q/'?_1.?_*_;_P"%>@44`>?_`/"Q
M/'?_`$3G_P`K]O\`X4?\+$\=_P#1.?\`ROV_^%>@44`>?_\`"Q/'?_1.?_*_
M;_X4?\+$\=_]$Y_\K]O_`(5Z!10!Y_\`\+$\=_\`1.?_`"OV_P#A1_PL3QW_
M`-$Y_P#*_;_X5Z!10!Y__P`+$\=_]$Y_\K]O_A1_PL3QW_T3G_ROV_\`A7H%
M%`'G_P#PL3QW_P!$Y_\`*_;_`.%'_"Q/'?\`T3G_`,K]O_A7H%%`'G__``L3
MQW_T3G_ROV_^%'_"Q/'?_1.?_*_;_P"%>@44`>?_`/"Q/'?_`$3G_P`K]O\`
MX4?\+$\=_P#1.?\`ROV_^%>@44`>?_\`"Q/'?_1.?_*_;_X5GP0>+?&OQ9\*
MZGJ?A7^P['0_M?F2?VG#<[O-AVCA<$<@#@'[W;%>H44`>3CQ3=_#KXS^,[N;
MPWXHU.UU;[#]GFT_3VGC/EP8;YB0.K8XSR#TK8_X7]_U)/Q`_P#!/_\`9UZ!
M10!Y_P#\+^_ZDGX@?^"?_P"SH_X7]_U)/Q`_\$__`-G7H%%`'G__``O[_J2?
MB!_X)_\`[.C_`(7]_P!23\0/_!/_`/9UZ!10!Y__`,+^_P"I)^('_@G_`/LZ
M/^%_?]23\0/_``3_`/V=>@44`>?_`/"_O^I)^('_`()__LZ/^%_?]23\0/\`
MP3__`&=>@44`>?\`_"_O^I)^('_@G_\`LZ/^%_?]23\0/_!/_P#9UZ!10!Y_
M_P`+^_ZDGX@?^"?_`.SH_P"%_?\`4D_$#_P3_P#V=>@44`>?_P#"_O\`J2?B
M!_X)_P#[.C_A?W_4D_$#_P`$_P#]G7H%%`'G_P#PO[_J2?B!_P""?_[.C_A?
MW_4D_$#_`,$__P!G7H%%`'G_`/PO[_J2?B!_X)__`+.C_A?W_4D_$#_P3_\`
MV=>@44`>?_\`"_O^I)^('_@G_P#LZ/\`A?W_`%)/Q`_\$_\`]G7H%%`'G_\`
MPO[_`*DGX@?^"?\`^SH_X7]_U)/Q`_\`!/\`_9UZ!10!Y_\`\+^_ZDGX@?\`
M@G_^SH_X7]_U)/Q`_P#!/_\`9UZ!10!Y_P#\+^_ZDGX@?^"?_P"SH_X7]_U)
M/Q`_\$__`-G7H%%`'G__``O[_J2?B!_X)_\`[.C_`(7]_P!23\0/_!/_`/9U
MZ!10!Y__`,+^_P"I)^('_@G_`/LZK_!NYN]<^)7C;69M(UC2;74_L/V==0M6
8@D?RXG1N#D'!'8G@CUKTBB@`HHHH`__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>80
<FILENAME>p7fx.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 p7fx.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X0!F17AI9@``34T`*@````@`!`$:``4`
M```!````/@$;``4````!````1@$H``,````!``(```$Q``(````0````3@``
M``````!@`````0```&`````!4&%I;G0N3D54('8U+C`P`/_;`$,``@$!`@$!
M`@("`@("`@(#!0,#`P,#!@0$`P4'!@<'!P8'!P@)"PD("`H(!P<*#0H*"PP,
M#`P'"0X/#0P."PP,#/_;`$,!`@("`P,#!@,#!@P(!P@,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#/_``!$(`04#
M`@,!(@`"$0$#$0'_Q``?```!!0$!`0$!`0```````````0(#!`4&!P@)"@O_
MQ`"U$``"`0,#`@0#!04$!````7T!`@,`!!$%$B$Q008346$'(G$4,H&1H0@C
M0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I*C0U-C<X.3I#1$5&1TA)2E-45597
M6%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJ
MLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:X>+CY.7FY^CIZO'R\_3U]O?X
M^?K_Q``?`0`#`0$!`0$!`0$!`````````0(#!`4&!P@)"@O_Q`"U$0`"`0($
M!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R@0@40I&AL<$)(S-2\!5B
M<M$*%B0TX27Q%Q@9&B8G*"DJ-38W.#DZ0T1%1D=(24I35%565UA96F-D969G
M:&EJ<W1U=G=X>7J"@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>X
MN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR\_3U]O?X^?K_V@`,`P$`
M`A$#$0`_`/NG_@X^_P""H7Q-_P""5/[,?@/QI\,$\-SZKXA\4?V)=Q:W8M=V
MYA-I--N4(Z,'#1``[L89L@G!'XZ?\1DG[7'_`$#?@_\`^$[<_P#R57Z`?\'M
M'_)@OPH_[*`O_INO*_FAH`_5[_B,D_:X_P"@;\'_`/PG;G_Y*H_XC)/VN/\`
MH&_!_P#\)VY_^2J_+_P1\*_%'Q,%\?#?AO7O$(TN+S[PZ;I\UW]DCY^>3RU.
MQ>#RV!P:KW'@'7K/P9;^(YM$U>+P]=W!M(-4>SD6RFF`),2S$;&<`$E0<\'B
MH=2*?*VK_P">WWE*+WL?J1_Q&2?M<?\`0-^#_P#X3MS_`/)5'_$9)^UQ_P!`
MWX/_`/A.W/\`\E5^;.@_LR?$GQ5)"FE_#WQQJ3W-G'J$2VNA74QEMI"1'.NU
M#F-B#M<?*<'!.*L67[)GQ5U+5[W3[;X9_$&XO]-V?:[:/P[>/-:[QN3S$$>4
MW`$C(&1R*SEB:2;3FM/-#5*;V3/T>_XC)/VN/^@;\'__``G;G_Y*H_XC)/VN
M/^@;\'__``G;G_Y*K\NY/AOXBB\<#PP^@:TOB5IQ:C238RB^,IZ1^3MW[SD?
M+C/-,U[X?Z_X6\7OX>U30]7TW7XY4A;3+JSDAO%D<`HAB8!PS!EP,9.1CK6B
MJ1=DGOK\NXG%J]UL?J/_`,1DG[7'_0-^#_\`X3MS_P#)5'_$9)^UQ_T#?@__
M`.$[<_\`R57YI>,OV=_B#\.K&UNO$/@7QEH-M?2K!;RZCHMS:QW$C?=1&=`&
M8]@.34OC;]FCXC_#3P])J_B/X?\`C?P_I,+*DE[J6A75I;HS'"@R2(%!).`,
M\FH6)I.UI+71:K5E>RGV??Y'Z4?\1DG[7'_0-^#_`/X3MS_\E4?\1DG[7'_0
M-^#_`/X3MS_\E5^8:?"'Q;+\/V\6IX7\1-X51_+;61ILQT\-NV;3/M\O.[Y<
M;NO'6D/PD\5K\/AXM/ACQ"/"ID\H:S_9TW]GE]VS;Y^WR\[OEQNSGCK5.K#N
MM[;]>WKY$J$NQ^GO_$9)^UQ_T#?@_P#^$[<__)5'_$9)^UQ_T#?@_P#^$[<_
M_)5?FF_[.GQ"B\$_\),W@3QDOAOR?M/]JG1;D6/E8SYGG;-FW'\6<5EW7PK\
M46'@>T\3S^&]?A\-:A+]GM=6?3YEL;F3+#8DQ78S95A@$GY3Z&A5H/126]M^
MO;U\@Y);V\_D?J!_Q&2?M<?]`WX/_P#A.W/_`,E4?\1DG[7'_0-^#_\`X3MS
M_P#)5?G)I_[(OQ8U:>ZBM/AA\0[J6R<17"1>'+QV@<HKA7`C^4E'5@#U#`]"
M*S?%/[.OQ!\#:;J%YK?@3QEHUGI(C-[/?:+<V\5F)#B,R,Z`)O/"[L9/3-0L
M51;LIJ_JNI7LI_RO[C]+?^(R3]KC_H&_!_\`\)VY_P#DJC_B,D_:X_Z!OP?_
M`/"=N?\`Y*K\T;/]GKQ_J,UE';^!O&$\FIV!U6T6/1KEVNK,8S<Q@)\\(W+F
M094;ASS6/'\//$$W@P^)$T+67\.K<_8CJ@LI#9"?&?)\[&SS,$';G//2K56#
MT37].WYZ>I/)+M_5K_EKZ'ZC?\1DG[7'_0-^#_\`X3MS_P#)5'_$9)^UQ_T#
M?@__`.$[<_\`R57Y<>-/`&O?#;6AIOB+1-7T#43&LPM=1LY+6<QL,J^R0!MI
M['&#6IXL^`_CGP%X9@UO7?!GBS1=&NBHAO[_`$BXMK68L,J%D=`IR.F#S1[:
M%D^9:[:[^@*$MK'Z9_\`$9)^UQ_T#?@__P"$[<__`"51_P`1DG[7'_0-^#__
M`(3MS_\`)5?E_K_PK\4>%/"FFZ]JOAO7M,T/6?\`D'ZC=:?-#:7W&?W4K*$D
MXY^4GBMO4/V8/B7I'A4Z]=_#OQU:Z&L`NCJ,N@W26@B(W"3S3'LV$<[LXQS2
ME7IK5R6]M^O;U'&G)NR7G\C])?\`B,D_:X_Z!OP?_P#"=N?_`)*H_P"(R3]K
MC_H&_!__`,)VY_\`DJOS!^'OPF\5?%S4)[/PIX9\0>)[NUC\Z:'2=.FO9(4S
MC<RQ*Q"Y(&3QFM?Q#^S-\2?".I:;9ZM\/O'&EWFLRF"P@N]"NH);Z0#)2)60
M&1@.2%R0*)5Z<9<CDD^U]11A)JZ6A^D__$9)^UQ_T#?@_P#^$[<__)5'_$9)
M^UQ_T#?@_P#^$[<__)5?F-\0_@OXQ^$3VR^+/"?B;PNUX"8!JVESV1GQUV^:
MJ[L>U4D^'GB"3P0_B9="UAO#<=S]C;5192&Q6?&?*,V-@?!!VYS[4XUH./,I
M)KU&X23LUJ?J-_Q&2?M<?]`WX/\`_A.W/_R51_Q&2?M<?]`WX/\`_A.W/_R5
M7YH0?L^^/KGQ#8:1%X'\7R:KJMH+^RLET:Y-Q>6QZ3QQA-SQG^^H*^]6-%_9
MG^)'B3Q!J>DZ=\/O&]_JNBE%U"SMM"NI;BP+@E!+&J%HRP!(W`9P<4GB*:WD
MOO7>WYZ>H*G)[)_\.?I/_P`1DG[7'_0-^#__`(3MS_\`)5'_`!&2?M<?]`WX
M/_\`A.W/_P`E5^6GB_P3K7P]UV72]?TC5-#U.#'F6FH6LEM/'GU1P&'XBLRK
MC)27-%W1,HM.S/U>_P"(R3]KC_H&_!__`,)VY_\`DJOI#_@D5_P<W_M)?MT_
M\%&_A;\*/&5K\-[7PQXPU">"_DTO1)H+L)%:3S@([SNJY:)03M)VDXP<$?@C
M7V__`,&WO_*;7X!_]A6]_P#39=U0C]S_`/@Y?_X+)?%S_@DG_P`*4_X57;>#
M[C_A8']N?VI_;NG2WFW['_9WD^7LECV_\?4N[.<_+TQS^5__`!&2?M<?]`WX
M/_\`A.W/_P`E5]0?\'SG_-KG_<U_^X6OP!H`_5[_`(C)/VN/^@;\'_\`PG;G
M_P"2J/\`B,D_:X_Z!OP?_P#"=N?_`)*K\O[?X6^)[SP'/XJA\.:]+X7M91!-
MK":?*UA%(2!L:<+Y8;+*,%LY8>M1ZW\-_$7AJ'2)=2T#6M/C\01+/I;W-C+$
MNI1L0`\!91YJDD`%,@Y%0JD6[)Z[?/>WW:C<7:_3^E^9^HG_`!&2?M<?]`WX
M/_\`A.W/_P`E4?\`$9)^UQ_T#?@__P"$[<__`"57YQ:9^R5\5M;NKV"R^&7Q
M!O)]-F^SW<</AV\D>UEV*_ER`1Y1MCHV#@X93T(IFC_LI?%+Q#97%SI_PU\?
MWUM:32V\\MOX>NY4AEB8K)&Q6,A61@0P/*D$'%9O%45O-?>BU1G_`"O[C](/
M^(R3]KC_`*!OP?\`_"=N?_DJC_B,D_:X_P"@;\'_`/PG;G_Y*K\O_!7PK\4?
M$G7Y])\.>&]?U_5;5&DFL]-T^:ZN(54A69HXU+``D`DC@D54\,^"=:\:>(X]
M'T;2-4U;5YF*1V-E:R7%R[#J!&@+$CT`K3VD=K^?R[DN+M>WE\^Q^I?_`!&2
M?M<?]`WX/_\`A.W/_P`E4?\`$9)^UQ_T#?@__P"$[<__`"57YK:E^S9\1=&\
M6:?H%YX`\:VFNZLKM8Z=-H=U'=W@09<QQ%-[A1R=H.!5#XB_!7QE\(/L@\6^
M$O$_A8W^[[-_:^ESV/VC;C=L\U5W8W+G&<9'K4QQ%-M)26NVJU]"G2FKZ/0_
M3C_B,D_:X_Z!OP?_`/"=N?\`Y*H_XC)/VN/^@;\'_P#PG;G_`.2J_,/Q1\(?
M%O@CPSINMZUX7\1:/HVLJ&T^_O=-FM[6^!7<#%(ZA9`5Y&TG(YIWB3X-^+_!
MNCZ3J.L>%/$FE:?KV#IES>:9/!#J.0"/)=E`DR&!&TG@CUIJK#NM[?/MZD\K
M[=+_`"[^A^G7_$9)^UQ_T#?@_P#^$[<__)5'_$9)^UQ_T#?@_P#^$[<__)5?
MFCXU_9Z\?_#;0$U;Q'X&\8:!I4I54O-2T:YM;=BW0!Y$"DGMSS46H?`GQQI&
MI:'97?@SQ7:WGB8!M'@ETFX27500"#;J4S*#N7[F>H]:4:]-[23^8.$ENO/Y
M'Z9_\1DG[7'_`$#?@_\`^$[<_P#R51_Q&2?M<?\`0-^#_P#X3MS_`/)5?G-I
M?[('Q:URS%Q9?"[XBWEN7>/S8/#=[(FY&*.N1&1E64J1V((ZBL7Q+\"/'/@Q
MK!=8\&>*]);5;IK&R%YI%Q`;RX5MC0Q[T&^0-\I5<D'C&:4<32;Y5)-^J&Z4
MTN9IV/TS_P"(R3]KC_H&_!__`,)VY_\`DJC_`(C)/VN/^@;\'_\`PG;G_P"2
MJ_,O4O@7XWT===:\\'>*K1?"_E_VR9M)N(QI.\93[1E/W.X$$;\9[5`OP<\7
ML-`(\*^)"/%1QHN-,G_XG'('^C?+^^Y('R9ZBJ5:F]I+[_*_Y:^FHG"2W7]+
M?[C]._\`B,D_:X_Z!OP?_P#"=N?_`)*H_P"(R3]KC_H&_!__`,)VY_\`DJOS
M#T?X1>+/$/CJ;POI_A?Q%?>)K9Y$ETBWTV:6_B9/OJT*J7!7!R".,<TNC_!W
MQ?XA\<S^%]/\*^)+[Q-:EUFTFWTR:6^B*??#0JI<;>^1QWH]M#^9;7WZ=_3S
M!PDKZ;.WS[>OD?IW_P`1DG[7'_0-^#__`(3MS_\`)5'_`!&2?M<?]`WX/_\`
MA.W/_P`E5^8NL?!KQAX>TL7VH>%/$MC9-?MI0N+C3)XHC>*2&MMS*!YP((,>
M=P(/%7=4_9W^(&AV.LW5]X%\8V=KX=*KJLT^BW,<>F%E5U$[%`(B596&_&0P
M/0BE[>GOS+[_`$_S7WH?LYWM9_U_PS^X_2W_`(C)/VN/^@;\'_\`PG;G_P"2
MJ/\`B,D_:X_Z!OP?_P#"=N?_`)*K\M]?\!:[X4L-+NM4T75M-M=<A^TZ=-=6
M<D,>H19QYD+,`)%S_$N1792_L;?%^"T>XD^%/Q)2W1#(TC>&;T(J@9+$^7@#
M'.:)UZ<%>4DOFNF_W!&G*3M%7/T6_P"(R3]KC_H&_!__`,)VY_\`DJC_`(C)
M/VN/^@;\'_\`PG;G_P"2J_-31/V<OB'XE\(_\)!IO@/QGJ&@;#)_:5MHES+9
M[1U;S50I@=SFN=\)>#]7\?>(;;2-"TK4M:U:])6WLK"V>YN)R`6(2-`68@`G
M@=`3356#NDUIOY>O83B[)VW/U-_XC)/VN/\`H&_!_P#\)VY_^2J/^(R3]KC_
M`*!OP?\`_"=N?_DJOR_L?A5XHU.SUVYMO#>OW%OX8.-9EBT^9TTDY*_Z00N(
M>58?/CE3Z&KVM_`;QSX:\.66LZEX+\6:?I&IND=I?7.D7$5M=,_W%CD9`KEN
MP!.:'6A>W,OO[[?>')+MW_#?[NI^F7_$9)^UQ_T#?@__`.$[<_\`R51_Q&2?
MM<?]`WX/_P#A.W/_`,E5^:_C7]FGXC_#;0GU7Q'\/_&V@:9$0KWFI:'=6D"D
MG`!>1`H)/'6N)HIU835X-/TU"4)1^)6/U>_XC)/VN/\`H&_!_P#\)VY_^2J^
MY/\`@WT_X."_CW_P5`_;UN/AQ\1[?P':^';7PO?:V#HFD2VMQ)-%+;QHK/)-
M(-F)F)``.57G&0?YO:_5[_@S;_Y2X:E_V3_5/_2FQK0D_4S_`(.-_P#@N-\6
M?^"0GC3X4Z;\-?#WP[UR#QU9:E<W[>)K"\N7A:WDMU01?9[J``$3-G<&S@8Q
MSG\T_P#B-6_:G_Z$']G_`/\`!'J__P`LZ]@_X/B_^2J?L[?]@K7/_1UC7X0T
M`?K]_P`1JW[4_P#T(/[/_P#X(]7_`/EG1_Q&K?M3_P#0@_L__P#@CU?_`.6=
M?D_;_"WQ/>>`Y_%4/AS7I?"]K*()M833Y6L(I"0-C3A?+#991@MG+#UJ/6_A
MOXB\-0Z1+J6@:UI\?B")9]+>YL98EU*-B`'@+*/-4D@`ID'(J%4BW9/7;Y[V
M^[4;B[7Z?TOS/UD_XC5OVI_^A!_9_P#_``1ZO_\`+.C_`(C5OVI_^A!_9_\`
M_!'J_P#\LZ_,+3/V2OBMK=U>P67PR^(-Y/ILWV>[CA\.WDCVLNQ7\N0"/*-L
M=&P<'#*>A%,T?]E+XI>(;*XN=/\`AKX_OK:TFEMYY;?P]=RI#+$Q62-BL9"L
MC`A@>5((.*S>*HK>:^]%JC/^5_<?J!_Q&K?M3_\`0@_L_P#_`((]7_\`EG1_
MQ&K?M3_]"#^S_P#^"/5__EG7Y/\`@KX5^*/B3K\^D^'/#>OZ_JMJC236>FZ?
M-=7$*J0K,T<:E@`2`21P2*J>&?!.M>-/$<>CZ-I&J:MJ\S%([&RM9+BY=AU`
MC0%B1Z`5I[2.U_/Y=R7%VO;R^?8_6O\`XC5OVI_^A!_9_P#_``1ZO_\`+.C_
M`(C5OVI_^A!_9_\`_!'J_P#\LZ_+;4OV;/B+HWBS3]`O/`'C6TUW5E=K'3IM
M#NH[N\"#+F.(IO<*.3M!P*H?$7X*^,OA!]D'BWPEXG\+&_W?9O[7TN>Q^T;<
M;MGFJN[&Y<XSC(]:F.(IMI*2UVU6OH4Z4U?1Z'ZL?\1JW[4__0@_L_\`_@CU
M?_Y9T?\`$:M^U/\`]"#^S_\`^"/5_P#Y9U^4?BCX0^+?!'AG3=;UKPOXBT?1
MM94-I]_>Z;-;VM\"NX&*1U"R`KR-I.1S3O$GP;\7^#='TG4=8\*>)-*T_7L'
M3+F\TR>"'4<@$>2[*!)D,"-I/!'K356'=;V^?;U)Y7VZ7^7?T/U:_P"(U;]J
M?_H0?V?_`/P1ZO\`_+.C_B-6_:G_`.A!_9__`/!'J_\`\LZ_+'QK^SUX_P#A
MMH":MXC\#>,-`TJ4JJ7FI:-<VMNQ;H`\B!23VYYJ+4/@3XXTC4M#LKOP9XKM
M;SQ,`VCP2Z3<)+JH(!!MU*9E!W+]S/4>M*->F]I)_,'"2W7G\C]4_P#B-6_:
MG_Z$']G_`/\`!'J__P`LZ/\`B-6_:G_Z$']G_P#\$>K_`/RSK\QM+_9`^+6N
M68N++X7?$6\MR[Q^;!X;O9$W(Q1UR(R,JRE2.Q!'45B^)?@1XY\&-8+K'@SQ
M7I+:K=-8V0O-(N(#>7"ML:&/>@WR!OE*KD@\8S2CB:3?*I)OU0W2FES-.Q^J
M?_$:M^U/_P!"#^S_`/\`@CU?_P"6='_$:M^U/_T(/[/_`/X(]7_^6=?E7J7P
M+\;Z.NNM>>#O%5HOA?R_[9,VDW$8TG>,I]HRG[G<""-^,]J@7X.>+V&@$>%?
M$A'BHXT7&F3_`/$XY`_T;Y?WW)`^3/452K4WM)??Y7_+7TU$X26Z_I;_`''Z
MM_\`$:M^U/\`]"#^S_\`^"/5_P#Y9T?\1JW[4_\`T(/[/_\`X(]7_P#EG7Y'
MZMX8U/0/$4^CW^G7UEJUK.;::RG@>.YBE!P8VC8!@X/&TC.:V-?^"WC+PIXS
MLO#>J>$O$VF^(M2V&TTNZTN>&]NM[%4\N%E#ON8$#`.2"!3]I#35:[>?H#BU
M>ZVW\O4_5C_B-6_:G_Z$']G_`/\`!'J__P`LZ/\`B-6_:G_Z$']G_P#\$>K_
M`/RSK\IK;X,>,;W6=:TV'PGXFFU'PW$\^KVJ:7.TVEQI]YYT"YB5>Y<`"M1?
MV7_B8_A--?7X=^.FT*6W%VFHC0;HVC0D9$HE\O84(((;."#42Q%)*[DOO77;
M[RE2FW9)_P##'ZB_\1JW[4__`$(/[/\`_P""/5__`)9T?\1JW[4__0@_L_\`
M_@CU?_Y9U^4/P]^$WBKXN:A/9^%/#/B#Q/=VL?G30Z3ITU[)"F<;F6)6(7)`
MR>,UH^,?V=_B!\.[C3X?$'@7QCH4NKS?9[%-0T6YM6O9>/W<0=!O;D<+D\BJ
M=:FI<CDK]KZDJ$FFTM$?J;_Q&K?M3_\`0@_L_P#_`((]7_\`EG1_Q&K?M3_]
M"#^S_P#^"/5__EG7Y6?$'X#^.?A+8V]UXK\&>+/#-M=/Y<,NK:1<64<S8SM5
MI$4$X!.!69:?#W7[_P`%W?B2#0]8G\.V$ZVMSJD=E(UE;RMC;&\P&Q7.Y<*2
M"<CUHC6A*/-&2:]1N$D[-'ZS?\1JW[4__0@_L_\`_@CU?_Y9T?\`$:M^U/\`
M]"#^S_\`^"/5_P#Y9U^5MO\``7QU=ZCH]G#X+\62WGB*W^V:5`FD7#2:G!@'
MS8%"9E3!'S)D<CFK&G_LV_$75O%]YX>M/`/C6ZU_3HA/=Z;%H=T]Y;1DX#O$
M$WJI)&"0!2=>FMY+[^VC$H2[?T]OO/U*_P"(U;]J?_H0?V?_`/P1ZO\`_+.C
M_B-6_:G_`.A!_9__`/!'J_\`\LZ_)KQU\.?$/POUK^S?$V@ZUX=U'8)/LNIV
M4MI/M/1MDBAL'!YQVK&JX34ES1=T$HN+LU8_7[_B-6_:G_Z$']G_`/\`!'J_
M_P`LZ_2S_@W(_P""XWQ9_P""O?C3XK:;\2O#WP[T.#P+9:;<V#>&;"\MGF:X
MDN%<2_:+J<$`0KC:%QDYSQC^56OW>_X,=/\`DJG[1/\`V"M#_P#1U]5$G]#U
M%%%`'XP_\'M'_)@OPH_[*`O_`*;KROYH:_I>_P"#VC_DP7X4?]E`7_TW7E?S
M0T`?H=^PUXCTC]B_]F_P#KFN>)_#WAG4/BIXG&HWL.J0WK27NB6P:W\I#;P2
M@%GE,@\THA##GKC:\`?LQ6OB3Q=\;?V6[N4V5LVL6OC/PC-(.%MC)'YI0G@_
MN'5,CJ0_H:_->BO"K9*YU9UU4M*>NVS3BZ;W^QRV=V^9-[7.ZGC>6G&GRZ1\
M^_-S?^!*3\UIJ['ZD^`?B39?M$>,/VLK+2=)U?Q#H&D>&;+PUH^D:.XCO;NU
MM1<1".W/E2X9GWLI\M_OCY37!?LV^%M$^%W[#GQOL_&WA/Q_X3\.0^)=%EN-
M*O+L6^MV<#2VY$AE>U0,0?G&(4W*,`J?GK\\Z*B.1<J<8U-'[/H[_NW%WO?>
M7+O:Z;^_268)S4N79R:2Z*47%+;9+[[:GZB>,?"5[X>_X*`_$OXP^*]2T+3O
M#_P_\*6UWX;U66*?[)*;N`V]@\GEK+*[`^;N*JS%E!"XP!K^#HO">O?&_P"%
M7QEDUS0]3O\`QAX/N_"\7B!?-AL5\2VT0BBEW7,4<B/(@F53(BDE!@'(S^4E
M%8OAV\%%U7I'DT27N\LD^N[<G*^UTKIV*69VDY<BU=WVNG%KY+E6FNC:35S[
MJTS]F&^\`?L_S>,_%TGQ2\&^,X_'.E6.I:9KNMK)IWBA_M,#27JQ_9XS(H9F
M*MYDH&S.]NHS?^"ROPMN8_VC_%WB:#X??$&UA:>R$_BF>0R:!<J;6-`D:BT4
M(^[:N3<OEE8;<G"_$]%=E+*JD:\:\JE[<VEFE9J"LO>Z<G6ZUM:R1D\9'EG%
M1^)):N[NG)W>FOQ6[Z7O=GZA?L>7NF^(O^"?_P`)_AYK<IBTCXK3^(?#+OD`
M0SN\DMO(,_Q"2(`>[5U'Q&USPIX1_9(\7>"+@Q7'@?X2>*/#/AN]8@,ERL5Q
M:RWLC`#DM))*&XYVU^2M%<U7A]3Q#K^TLG-3M;JI\R>^]KQOYWMI8NGF'+25
M/EV4E?RDFGT[\K^3[Z?J5:^'/&/A_P#X*R:U\3=3EO;?X.+I<D\GB"6XQH4N
MEFPVI"LN?*8";GR@20WS;>]6/#?C+P=XL_8V^%'PTU58-/\`"/Q;.NV6D74Z
M[?[*O8[\RZ=(<G@;CL(ZDLH/&:_*VBE_J]>-.+J?PU%*RM\"G9O5^\G.]]KK
M;4<<R<:DJBCK*[?:[26GEI:W565]#]5?#+I;?\%T/$<+21^9'X5\H@,#\PTZ
M'(^N!GZ5X+^RG=Z+8_\`!,/X_2^(-/U34])7Q!IWG6VGW\=C<2?OHMNV9X9E
M7#8)S&V0".,Y'Q)16D,AY:2INIM&G':W\.;G??2][>6]V/\`M+]YSJ/VG+?O
M3Y+;?/\`"W4_8OX8_9-1^*7P:CTFUO(+6Z^"%ZME:SSK<W(4_9-D9=402/CC
M*HN3R%'2OF'_`()3Z9X@\#?&?Q!\(_B-X/U:VT3Q!IR^)3I&MVDUE)%<64BR
MPW"1R*#ABA4D#!VCD[<5\)44HY$XPJP53XTUL[I\\YQ:=]XN:]7&]U?3.6.4
MO9WC\+3WW2C"+6VTE%^BE;6VOOOPF_:`LOBO_P`%$?#_`,0?B1):_P!GZGXG
MAO+\SD&VM$W@1`YP!%%B,9/`5,G/->F?M+?LO?&GXJ?MA^,XI(?$,/A?QWXF
M@M(]3>[VZ=JEI+<#[(8SO"W2Q1[7V1[S&$)(7!-?&U%>@\O4:E.=%I<D>5)J
MZM>+TU5GIY].QC+%.2J*>\VG?9W7-Y;>]MY'Z@_M$0^&_P!J'X0_&+X7^'/$
M>@:[<?"Z"TU'PII.GPWHO-/CTV$6UW&_FP)$Y;YP/)DDR7![`UT?BWPIXJT_
M]O'X,>/+6*^TWX?:+\/K3_A(M=E)@TE;413EX99F(C<G=&?+R3RK;<#-?DW1
M7EQX?E&/+&K?>]XWUE#DD]UOH_6][W.IYC%Z.%E:RL[6CS1DE>SV:>OGLK:^
MO_#C5=(U3]O30K[0XXK;0;CQY!-8(@*)';-J"F,`'&`$(X/2OMG2M1L!_P`%
M(_VH-+L[F&S\?ZWX=GL_"<K3B"5KHVD>Z.%S@"5OD(P0<*V.]?F/17=B\I5:
M*CSM)0E#N_>Y=7_X#JNM]T8T\:XS=3EU<XS\O=<G;YW^5C[.U[1M5^"__!*;
MQ+X7^)UKJ6B^)-<\6PWGA;2-8#1WT:IL^T3I`_SQQG]Z"Q`#%^^\$Q_!?1K[
MXU_\$F/$_@OPE8W?B+Q;I?C>'4Y]'L(S/>_97B1!,L*Y=DW`@E0<8.>`37QK
M13EE;<9WEK*<9[:)QY;*U^JCKKNV_(7UM*4&EI%26KU?-S7UM_>=M.A^HWQ-
M^+NK>&_CE9>'-"\#S?%"UTWX7:?X6\;Z+I%\$U2Q$C-O2#RB97D0'YUC!QN&
MXKP19\0?`&V\*?!C]I3P?X&U3Q/XWOKW0-#DBTJXF;5-5TEV>;&GG9EF,2*,
M*`2JD`YQD_EA17#+AY\G+&I:]KZ/5J:GJN:VCO:VMGJW;7:GF*C*,N6_+:VO
M:*CVW:2OT\CZZ_X*07SZ3\"O@3X7\3SQ77Q.\.Z+<IKP><37EE"TBFWMYV#-
M\X4-P3E<'@9KY%HHKV<%A?84W"][N3VLKRDY:+6R5]$<5:KS\MEI%)=WHK:O
MJ_\`A@K[?_X-O?\`E-K\`_\`L*WO_ILNZ^(*^W_^#;W_`)3:_`/_`+"M[_Z;
M+NNLQ/T?_P"#YS_FUS_N:_\`W"U^`<,+W$R1QJSR2,%55&2Q/0"OW\_X/G/^
M;7/^YK_]PM?@#33[B9^K/@/PCX:\.Z;HG[+VI>+/#L4NI^!9[*_T;R[TWQUZ
MZ*WRSAA`;8",*-NZ8/VV]`>)_8V\'Z5\=O@7X/C\;NEEJG[+?B>[N-:2Y.)%
MTU8Y9U0@]=MQ`J8](S7YN45\Y+(I\L^6JU*3YKVVG>3<EKU4G&S;TMK96/2C
MCHI1BX7BM+7WBXJ+3?FXJ5^]W9MW/T<T#7KK]K#_`()S^/M<O?"'C3QY=Z_\
M3YM2?2O#-SY>H1!HHRAW?9KG]VBE5QY?3'([]=^RV/#G@;]E[]G*T\8VGB+0
M[NU^(>HVNGJ;G[.^FW_F7:11W:&,.Z[\1LJF(Y//&5K\M:*J>01<)4HSM%R4
ME:]U:/+9:V\[V\M4)Y@W9R5Y6EZ/FE*6UO[VU]?5GZ4?#DZG^QY8_$GXD>./
M$/AKP;XT\<_$-;"*6ZMKT6T]I9WGVF\$*VL$\@28_(-PQM`RV2,ZNK?""R^&
M7Q(_:*T+P#(MOXR^)FBV7B#P5/!<K;SZEIUQ(9+RWLY&'$A;>`J\D;/[O'YA
M45#R"3NW4U:2?NZ67)96OM>"NKM-.2TO<T>9>]S<GVN;5ZWYF[W])6VW47TL
M?J/^Q_\`L]:=\#_C+^SWJ,5Q\0_#M[XE;7))_!OBK55N&TAEMI5$L<0M[<HT
MF,EC'R&'ID_"O[8GPON/A]\2KB=OA_\`$#P-:ZE=W3(WB:0RC4G$I+26[?9+
M8!,,ORX<C</FY%>145UX;+)T\3]8E4OHU:SVYI26O-K;FMK?:^^V$L5%T714
M=[.^FZ5K[=?*Q^O6I>!=#_:H\`^`/@UXCNEM()O`'AWQ;82G`,1MI6CNP">A
M>WDV_KVK1_X7UX4^)4W[/?C'Q$]C;>'KKQKK<&D23$1V]L(UN;>P)SP,!(@,
MXPQ![5^.E%>?/AI2;O4=FV]%LY)IVUW:Y?1QO]K3:.8VIJGR[14?DHV[;-\T
MFNM[=+GZ#_#'PIXN^!WAW]J'5?C!#JVF^&?$VF7=I9MJTK"+7M0DD;[.]KN/
M[\[2N)(\@#'(QQ]-2>)/#_Q4^/WPO^'6KM;VGB+PKH^A>-?#-U)PT^T-%>VN
M?>%`X7N5)_AK\7J*NKP[[1J4JEFK6LK6:C9.UW\^Z]W3<3S#XK1TES7U_F<;
MK;:RLNS;EN???P8GCET7]NS:Z-O@NV7!!W#[5><CVY%:^G:AX:L?V+/V1AXA
MTC7=4EE\33+8-IVK16"VTOV[[\H>VF\U,X^53&>#\W/'YVT5T_V*N:+<]G![
M6^"#ANGI>]_+;7<SJ8WFE*7+NI_^3V\NEOGY'ZN?&3PQJ?CG5/VW-&T33K[6
M-8O1H:V]C8P/<7,Y^SJ<)&@+,<`]!V->4_L%?%O7?AG^RS\4;'Q-X:D'B7X!
M))KWAM-6BD@N-'N;N&:%XVB90P4$F3:<9+=N"/SYHK"GP^EAYX:4[J2@KVU3
MA&,;[_:46K=.;=]=I9E>I&HH[2E+?I)W:>G]=CZ[_P"".NLW>K_MO7FH75Q+
M/?76@ZK<33NQ+R2-'N9R?4DDY]:^OOA)K?AO3_&'@?XXZ;/$?$_Q[GT/P[)$
MH#?99XG/]I,..`XMHT/OGUK\AJ*VQ^2+$5O:J?+I&-K?93DVM]I-J_E&VM].
M>CC'"G*#5[N3O?JU%)^L7&Z]?O\`UL^!NMV?PG^*/Q>U7XEW5E%X#\5?%);+
MPM:WT)ESK$=RQ^UQ@D8C0B/<PX)C.2-ISE?"/QIJO[+/P4^,4GQ<C&LQW_Q.
M&F^)GD3='?65[;1(TZ*2?D\N1)%7LJA>V*_*BBN1<-1:<9SNFHIJUM(\FVNC
M:BTWUNOY4CKGFS<Y3C&S;E):[.7/Y:VYDUYIO[3/M;_@L)X`M/A/HWP1\,6-
M_%J5GHGAB:WM;E'#_:+<3CRI,C^\F#D<9S5#7KBT_P"'-?@0W0,MK%\1Y/M"
M(V&V>5,67V)7^=?'%%>EA\LE3H4Z,I\SC/GO;=\SE:U_.USEJ8M2JNHHV7+R
MV3V]SDT_/\/,_4?QYX4\6>(_^"EOPS^(/@\WI^#NFZ192P:W:W&S1-.TY(<3
MPO+D1Q9XS&V"V5XXX^:/V9_BAX/T?_@KK:>);*\M-.\'W7BR_-G<N1'`L<XG
M2)LDX5&9UQG@!ATKY/HK+"Y,J47"4[KD<-K.TFVVW=W>N]EK=]0K8SGBTHV;
M<7Y>ZK*RZ;ZZ]ET/T+TKPIK'[.GPB_:ONO&.G3^&U\=ZJEEX:.HJL*:W*]U<
M.I@W$"6/;(C%QE`N<G@XZ;XRZ"WQC\%S?$3QWHOBCX/>.])UG0]/N+275C+H
M/C<)/%Y9MX\[9!&N7!B)1"22S<D?F=16<<DDIQJ.I[R<=4FM(J"LO>MJHZWN
MKM-)-:W4QJDI1Y=)<UU??FOOILM+6L]'KKI^L'CG0=7^&/\`P4&^.GC?QC:7
MFE?""_\`"OV6_N=25H=-UN5K.!(H8@V!<2;@ZC8'*G<."W/Y/L06)`P#V]**
M*Z<KRQX16<N:T81VMI"]GN]7?[K+H+&XWV[?NVO)RWONHKM_="OU>_X,V_\`
ME+AJ7_9/]4_]*;&ORAK]7O\`@S;_`.4N&I?]D_U3_P!*;&O6.`^@/^#XO_DJ
MG[.W_8*US_T=8U^$<,+W$R1QJSR2,%55&2Q/0"OW<_X/B_\`DJG[.W_8*US_
M`-'6-?A#33[B9^K/@/PCX:\.Z;HG[+VI>+/#L4NI^!9[*_T;R[TWQUZZ*WRS
MAA`;8",*-NZ8/VV]`>)_8V\'Z5\=O@7X/C\;NEEJG[+?B>[N-:2Y.)%TU8Y9
MU0@]=MQ`J8](S7YN45\Y+(I\L^6JU*3YKVVG>3<EKU4G&S;TMK96/2CCHI1B
MX7BM+7WBXJ+3?FXJ5^]W9MW/T<T#7KK]K#_@G/X^UR]\(>-/'EWK_P`3YM2?
M2O#-SY>H1!HHRAW?9KG]VBE5QY?3'([]=^RV/#G@;]E[]G*T\8VGB+0[NU^(
M>HVNGJ;G[.^FW_F7:11W:&,.Z[\1LJF(Y//&5K\M:*J>01<)4HSM%R4E:]U:
M/+9:V\[V\M4)Y@W9R5Y6EZ/FE*6UO[VU]?5GZ4?#DZG^QY8_$GXD>./$/AKP
M;XT\<_$-;"*6ZMKT6T]I9WGVF\$*VL$\@28_(-PQM`RV2,ZNK?""R^&7Q(_:
M*T+P#(MOXR^)FBV7B#P5/!<K;SZEIUQ(9+RWLY&'$A;>`J\D;/[O'YA45#R"
M3NW4U:2?NZ67)96OM>"NKM-.2TO<T>9>]S<GVN;5ZWYF[W])6VW47TL?J/\`
ML?\`[/6G?`_XR_L]ZC%<?$/P[>^)6UR2?P;XJU5;AM(9;:51+'$+>W*-)C)8
MQ\AAZ9/PK^V)\+[CX??$JXG;X?\`Q`\#6NI7=TR-XFD,HU)Q*2TENWV2V`3#
M+\N'(W#YN17D5%=>&RR=/$_6)5+Z-6L]N:4EKS:VYK:WVOOMA+%1=%T5'>SO
MINE:^W7RL?KUJ7@70_VJ/`/@#X->([I;2";P!X=\6V$IP#$;:5H[L`GH7MY-
MOZ]JT?\`A?7A3XE3?L]^,?$3V-MX>NO&NMP:1),1';VPC6YM[`G/`P$B`SC#
M$'M7XZ45Y\^&E)N]1V;;T6SDFG;7=KE]'&_VM-HYC:FJ?+M%1^2C;MLWS2:Z
MWMTN?H/\,?"GB[X'>'?VH=5^,$.K:;X9\3:9=VEFVK2L(M>U"21OL[VNX_OS
MM*XDCR`,<C''TU)XD\/_`!4^/WPO^'6KM;VGB+PKH^A>-?#-U)PT^T-%>VN?
M>%`X7N5)_AK\7J*NKP[[1J4JEFK6LK6:C9.UW\^Z]W3<3S#XK1TES7U_F<;K
M;:RLNS;EN???P8GCET7]NS:Z-O@NV7!!W#[5><CVY%:^G:AX:L?V+/V1AXAT
MC7=4EE\33+8-IVK16"VTOV[[\H>VF\U,X^53&>#\W/'YVT5T_P!BKFBW/9P>
MUO@@X;IZ7O?RVUW,ZF-YI2ER[J?_`)/;RZ6^?D?JY\9/#&I^.=4_;<T;1-.O
MM8UB]&AK;V-C`]Q<SG[.IPD:`LQP#T'8UY3^P5\6]=^&?[+/Q1L?$WAJ0>)?
M@$DFO>&TU:*2"XT>YNX9H7C:)E#!029-IQDMVX(_/FBL*?#Z6'GAI3NI*"O;
M5.$8QOO]I1:MTYMWUVEF5ZD:BCM*4M^DG=IZ?UV/HG_@G'\/X?C%^UY:^(O$
M]X/[$\')/XQUZ]N=S*4MSYNYR`2=TI0G@DC=P:^I/'?BW1OC5HGP8^.%SXGT
M/Q!=?#SQZNE^*-5TU+N.UM+.XO/M$#/]KAAD"Q!U3=LVC><$XP/S2HKNQ65^
MVKPK<]N2UDEHM^;_`,"B[=+63UM8Y:6)Y:<X25^>Z;OTMI]TO>N[WVTW/TUN
M]`O_`(*?'']K7QUXILKG1O"/B;P_=VVC:M<+MM=9EN<>0EL_W9BV1]PG;_%B
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M;]F/3+OXM?\`!+7XK^!O#-K<:[XP3Q-9:JNCV2&:]FMAY`,D<0^>0`QOD*"1
MBOCJBB65N2FY27-*4):*R3ARVTOUY==?R".+Y7%):+FW=V^>Z>MO/33?5[GZ
M?>)_BQKOPS\>?#/PSH'@Q_B'K/A?X5+H7C3PW8WPAU.RBF\D21Q&,F0W"[.4
MB#,`PSMR&&GX,^!.E?#[Q#\;/#G@[4_$^NW>L_"0/#X<U&X.H:KX?D?S@FF@
M+D_)N4+&,LN[!SD$_E=17%4X?<HM*I:][Z;WDY;<UK)R=NO3F:-J68J$D^6_
M*XM:[<J@NU[M02?39VNCZ_\`VP4NO`O_``3V^#W@SQQNB^)>G:E=W<=C>R%]
M2TG2G#B..4$EHE8^7MC;:0$`VC:<?(%%%>SA,-[&,KN[E)R>EE=N^BN_SWUZ
MG%6JJ?*DK**MW_KR[*R"OW>_X,=/^2J?M$_]@K0__1U]7X0U^[W_``8Z?\E4
M_:)_[!6A_P#HZ^KK,3^AZBBB@#\8?^#VC_DP7X4?]E`7_P!-UY7\T-?TO?\`
M![1_R8+\*/\`LH"_^FZ\K^:&@#[BT3PQH/@G_@EY\./%5G)\*_#'B/5-=U""
MZU;Q+X1BUF;4D1Y]L"L;&[8,-JX+!%`7&X=#Z+^R1\&?!_QD_9!T+XH:U\,-
M`O/&/@*SU==/TF#3+6"V\=K%$-LTT``$QB=L$E3DJ<`Y`KXF\+_MA>/?"?PM
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MNMNVXEAY(0`DD8JGXE_:Y^(OC'1_#%AJGB26]MO!VI2:OI(DM+<O;74DOG/*
M7\O=(3(=V)"P]L<5L\MQ#<=4K5.:Z;ORVE:-FK>[=)=+*^C=C.6(IVMJ_<<=
MMY/[6^E]WU5[)Z(^TY?V7]&M_P#@H?\`'7Q!IWPXT[Q#X9^&6D+<:?X8LM$6
MXM+R_GM(EMX%M(T*L"QD<@+P1N]ZZGP9^ROX'^#G[>/Q)UC7O`>BZCX'N_`+
M^,]-T;4-&C,-@-\1FA2"1=L<B,L@`P"@<#BO@CXC_MC?$CXM:)XETWQ!XC^W
M6?C#4(-4UA%L+6`WUQ#&L<3LT<:L`JHN$4A<C.,Y-7M'_;I^*F@^";/P[:^*
M`FDV&BW'AV")M,LY)(]/G*F6W\UHC(5)1<$L2N/E(KB>3X_V48^T5U!0WEJN
M57=^_/Y7Y>M]#IEC<,ZC;B^5SY^EU:2LDNW(GUMS/:VI]M:I_P`$^/`-EX"T
MG17@T@^'?&OQ2LIM%\0I!']KN-%NK'SH[9+C&\*7#1`9QN&[&37EOC_X>:E\
M5-4^-5AX1\.?`O2M`^&]MJ$%QX=N?#<D&M6%K;NZ+>)>K:AWG8(67==%<XW)
MBOE_4/VK_B)JOP>T/P#/XIOW\*^&KQ=0TRT"1K)93J6*LDP4384NQ52^U<\`
M8&.A\0_M_?%GQ3H^M65[XFM7/B2Q_LW5;R/1-/AU#4;;!'E37:0">1<$CYI#
M6L<IQL6VYJ6]KM]HI2:L[RM%WVLW=-78/'4).+<6MKVM_--R2UV?,K>B332/
MH+_@I=X?T+X.^'O"NF>&7^%'ARWU/P7I\]SHH\'0/K5_+(65[B.\^P.$)`!W
M&Z1\HQ`R1N@_X)W?"[0O%/[&'Q,UF>U^'MGXDMO$.EV5AK?BO0X=4MK!998D
M9")()MJOO*Y"@98$LH&Y?G+XA_ME^/\`XL^'H=,\2WGAW6XK;3TTJ"YN_"VE
M27UO;(,+''=&V\],9.&5PP))SDDUSOAKX^>+?"'PDU_P)IVK?9O"OBB>*YU.
MQ^RPO]IDB96C;S&0R+@J.%8`XYS733RRNL*Z$I+F<D[]TIJ37P_RIJSNGLW8
MYGB:?M:<[:15FO/DY;[V^+7IWW/N(?LQ>&]4_P""DOQ)OM+^%[3>&/A;H+:E
M<>&X]+6XMM9U`VVV%(;1=ZF.9V+JB@C$><#)`Y3]HGX2Q?`?]OSX?7NF>$?#
MVF>$OB]_9-R^B:IX6LY8;`22Q1W5JMO<PL+=PW)V!&7S<9%?-WQ#_;<^)_Q6
M\*:MHFO^)Q?:=KL%G;:@HTVTADO([0DVZO+'$LC;"2?O<]\UBS?M-^.+CPKX
M+T636Q)I_P`/+HWOAY6LK<RZ;(9!(=LIC\QEW@'8[,O`XX%987*\5"=.56::
MC%0:NW>-FV]>KE;2WPJU^A=?%TIPG&,;.5VGV?NV]4DGKH[R;LS[Z\`>#?#'
MBO\`X*F_$[P-?^#/APGA/PAH=[<:79?\(AIL<%I)Y5J1))Y=OOFVEV(\S?C)
MP.:\,_9T^(OPSO/B9XFTWXA>(OA3=ZKJ.B+9^%O$UAX#A30=*NWD;<;BR:QM
MEDDY3$DL+(H!^;&17AVA_MH_$OPY\;]9^(]GXD6/QEXA@>VU&^;3;21+J-U1
M60PM$8<$1H.$'3W-)IW[8_CG1Y;LV;>#[2WU!(DNK.#P9HT=C<^4S/&\ELMJ
M(7D1F8J[(6&>#BIH9/7C!1FT_P!W"+L[/F5^:2;B][[]=I)HNKCH2E)Q7VW)
M76EO=LFKK:STU2Z%[]N?X/:_\$OVB]5TGQ%IWA73;RXA@O(1X;A,&EW$+H`L
MT,9_U8?:25``#;L`#%>05T/Q2^*_B+XV>-KSQ'XJU:ZUK6K[;YUS/@$A0%50
MJ@*J@``*H`'I7/5[F#IU*="$*S3DDD[;?+^ODC@Q$X3J.4%HPHHHKI,0HHHH
M`****`"BBB@`HHHH`****`"OM_\`X-O?^4VOP#_["M[_`.FR[KX@K[?_`.#;
MW_E-K\`_^PK>_P#ILNZ`/T?_`.#YS_FUS_N:_P#W"U^`(Y('K7[_`'_!\Y_S
M:Y_W-?\`[A:_`&F@/M7]NK]G[P7^S3HGA9_#OPZ^'MUINH>&+#4;^ZU/Q;=+
MK;7,K%7:&T_M%'9#@<K;.HR_93MZ+]IC]C_X1_"/]EV_^,FD>%M4FT[Q]I6G
M0>&-"N+F]V>&;R=&,UQ++OW.@"@QB1F5F.,$%<?/?Q;_`&YKOX[MHMQXN^'7
MP\UG5-`TRWTFTOW.JPS""$Y4,D5\L+$DMDF/G<>G&-+QC_P4L^('Q!'CVWUJ
MP\+ZCHWC_3K?3;C2)+286.E)`N(7LT$H,3H?F!9GYY(.!CYA8+'\D%S.ZDW+
MWG[T>9/E6KU:V=E:UENV>I3KX=23:5N6*VVDDO>VV3NVKOFOKV.K_;`^%OPT
M_8OUSP[X!F\!)XNU2[\-1:CJOB"?6KRUO/M5PK;#;)&_V>..-ESB2&0L#@D'
MYC[</^";W@"\_;3^$FCP:!H*>!M>\*17^LZ9+XL6*^O+IH+AC(D#W0O&7<L9
MS"NP;3V#5\F>*/VX];^('AS1[;Q/X0\`^*-;T#2SH]AK^IZ=-+J$-OM*H&43
M"WF9`3M:6%RI)/4DUJS_`/!1_P`<7'[0W@SXEMI7A0:]X&T==$L(!;7'V2:%
M8Y8PTJ^=O+XE;E749`XZYJ>#Q[A:,GS6G=\SLVU+ELKZ6;5MK/H[(B-:A;5:
M66EM4TX7U\[2[Z7VN>S?LB_L??"S5+WQ/?\`Q(TB272_$GCE_`WA&,WUS;BU
MF'G$S!D<&0+B)!O+#=G/)K0_8K_X)]^`/%G@'XM:-\3[)[7Q1H'B1/"FFZK]
MKGA33;F4&*&01JZI(&F,>-ZL"&'09KY^\0_\%&?BC?>'-`TG0M:E\#V.@7%U
M=^7X;NKJQ&HS7$YGD>Y_?,)3O)`!P`"1CFKGQ8_X*/>-?BYX;\<:;=:+X2TI
M?B!>V.HZI<:;;W,4ZW%H$$<L1:=@C'RTW<'.,C!YK*I@<RFI+G:4^5:2UBHR
MBKKLY1YF]7=M)FJQ&&4DU'9M[:.ZGH^Z3<$EM[K:W/H7P]_P3'\)75W\)]-\
M0:;=:->VFA:]K'C5;:\E-QJSZ?<QQ"*/S&*QY+8S&JY7)ZX(\P\-_`?2_BYH
MGA[Q#!\%O#>A^"=3\5:7IW]LZ'XY>_EM(;BXB0VM[`UW/()71P,JENR%@2HZ
M5S'C;_@JA\5O'/CWP-XGGGT.TUKP):36<$]O9L!JD<P19A=H[LLGF!!D*$&2
M2`#@C-'_``4+\1:/X+;P]X<\'>`?".DS>(K;Q1<V^EVMZ4NKR"2.1,B:YD$<
M>Z-/DB"#`P,5I0PN9)QE5=W?^9V7[R3>S5_<<5&]TK<K5FS.I5PS@XP5M.RN
M_<27?7FO=];WO=(Z/_@I+\(/#OP$^*?B#PUX:\#_``^T31+/48X+&^L?%$^H
M:YM\E7*SVSZA*8E))^9[9.BX///NW[*_["/P\^(?[//P7UJ^\!Z1KDWBXZI+
MXIU&YU^\MKZWMH&EV2VEO'<H)'4A052&3C&0,[J^//VC_P!J1OVFO$FJ:]J_
M@;P7I/B;6;A+B\U?2WU-9Y2JA=OES7DD`4J%!Q$#QP1SGH?!W_!0KQUX#\-?
M"[2],MM`MXOA->7%YI,H@F\V[,Y;S8[D^;AT8,RX0(<'KGFG+!8Z67TZ,9-5
M$US-MZ^Y)/52NUS-/==[!.O0^MRJ6O"TK))=7II:U[>MN[/1OV*OV=OA3K^L
M>/O&/CJPO==^&NE:]9^&M"%S=36+W,MW>!%F=HF1MT5O^\9>!\W(].G_`&5_
MV0_!]M^WKXO^"OCWP-H^OV6D&_O+;49+_4;>]\E(UDMU!@N8XBAC96.8RV6/
MS=,>(:Y_P4-^(LG@9_#_`(;NX/A]9SZ[>>(+B7PK/=Z=/=SW+%F21Q.28DSA
M$XP%7)8@&M:'_@IEX\A_:*T[XHG2?"4GBJQT/^P9Y'M;@Q:E%L*>=.//R9L$
M?,C*.!\O:E6PF83]HXR:YH2BES.Z:BN5Z65^92;:WYET12K8=-*WVE+;IS.Z
MUZ.%M.C3UN]/2OV>?@IX$^,_[+7Q5\?#X9^`8O$'A?4K*PTNROO$FHZ9H\:L
MX$CR2W&HH0S!C]^<#*J%&20UC]F_]F[X?_''X6:Y+HW@WP#XE^*MIKLT=UX.
M_P"$ON[.*+3HXL9TN5;EQ.[/@B6266/+'J-HKP#X/_MAZO\`"3X1>+/`DGAK
MPIXF\,>,[N&\U&UU9;Q6WQ$,FR2VN(749"G&3T],@W_AK^VE)\(M?T_5O#_P
MT^&-CJNB7,MUI%X+2_>XTQY%VD!S=DS@9)47/G;2>,``"ZV"Q=ZJA*6K3C[S
MZ1C=/WEO).]K.S;YM;-*O0M#173E?3HW*W3HFK=G;1V/(_%>BS^&_%&I:=<V
M5QIMS874MO+:3MNEMF1RIC8X&64C!.!R.@JA5_Q7XIU#QQXHU'6M5N7O=3U:
MYDO+N=P`TTLC%G8XX&6)/'%4*]^DI<BY][:^OS."JXN;<-KZ>GRT^X****LS
M"BBB@`HHHH`****`"BBB@`HHHH`*_5[_`(,V_P#E+AJ7_9/]4_\`2FQK\H:_
M5[_@S;_Y2X:E_P!D_P!4_P#2FQH`^@/^#XO_`)*I^SM_V"M<_P#1UC7X0CJ*
M_=[_`(/B_P#DJG[.W_8*US_T=8U^$--,#[M_X*-Z;HGP*L/!MKX67X1:%%=^
M$--O)]"E\$V\^JZG*[,'G6Z-@ZC(`SNN48[&XR1N[G]K?X*>#?AU^R!K/Q7T
M7X9:%I_BSQUHVD6FIZ0VG6S6O@CSU;S+N*#_`)8O-A%5E4,K$'@EA7QIXJ_;
MA^(OCJUTZ/7;WPQK<FDVD-C9W.H>$='NKNW@BYCC6>2U,H`//WN<G.<G,6I?
MMO\`Q2UG7/&>HWGBN6\N?B#9+I^O">QM9(KZ!5VH@C:,I'M4D`QJI&3@@DU\
MPLHQ2A!75XR;;N_>7,GRNR3LUNW=II)739ZE/&4E)-IVY8JUNJ27-O:Z:NM%
M>^MGJ>X_MX7&@?L>^*_"WP]\*>"?`>I:#+X3M[R]OM4T2&\OM8GN5<-<&[.)
MXRI7<@@D10<]1@#Z"/[+7PWN?^"@'P3MGM?AO9V-_P"#(9[OPG)H<I?6)3;7
M)-PR):M:.<@$M+*K_NNF=N?@NW_;8^)MOX-T_0F\1QW%II%G)I^GW%SI=G<:
MAI]NZ[6B@O)(FN8E*\8208'`P*)?VV_B?-\6O#OCIO$^?%7A/3UTO2KW^SK3
M_1;8(Z"/R_*\M_ED<9=2W/7@8J>58IPY5-)VG>5W>3DI)-JVEFU?>RVV1$<5
M32U71*UM$TX-N]^O*^VMK[L^SOV(/V7?#^GP^)_$'B#X8Q>,=.\<^/I_"U@J
M^'QJ,.@:?&TZRWB@(PMT$I2/S/E"^7Z"K'[*_P"R%\/_``3\$?BKX+^)6B:(
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M$,<,3S7S]XS_`&WOBM\0/'GAGQ1JOC/4IO$/@Z#[-I%_%'#;S6L?<$QHOF;N
MC%]Q8$AB0:LZ]^W;\4?$.E"QDU_3[.T.K1:]+'IV@Z=IXNK^-U=+B;R($\Z0
M,BG,F[)`SFM*&68V+C*I-2=TWJ[+]Y*4K*W6+2Z6<4KM&=7%4)1<81:5K?\`
ME-12;OLI)OK=-MJZ1ZG_`,%3X=-\"_'/Q3X8T&[^%UKH]IJ<:0Z#H?A"'3]4
MTI1`K?O;I;"+>I8DX2YDSN&1QQ](_L??`/PAXB_9P_9^EF\/?#6>?Q"VL2ZW
M;:KX=MKO5/$\4)F(AMYWA)65,`C,T6`."P4@?`/QE_:F\8_'][J;Q9+X;U&^
MOIEGN+^'PQI=G?SNHP"]S!;I,PQ@8+X(`R#@5-H_[7WQ&\/Z'X'TVR\226UG
M\.+M[[PZB6=N#I\SL6=MWE[I`23E9"PP<8QQ3EE&)EE]/"\R4XM7>]_<E&^R
MO[S3UUTO>XIXRG];E72;C:5EMN[KJ[>JVZ(^I_\`@GS\!]#DNOB+\1[OX57/
MB[0$\36WAO1=`O=%;5Y-/AEO%:ZD>+:_S6]MM!<]&)&>>=_]EC]G^Q^%'_!2
M_P`9?"#Q!X9\(:]X3MXK_5K*+5?#5C>RF-HDDMRL\T+3!51@NT.$W*W&2:^+
M/B;^TYXX^,/A2'0_$.M)>:3!JMSK:VT5C;6J?;+ABTTQ\J-2S,6/!R%!P`!Q
M6]!^W3\5+;XH:7XT3Q3M\4:-I(T.UO\`^S;,R"S"E1$X\K;+P3\T@9O>E6RK
M&5/:/G7O0E&UV[>ZE%WMNI)MNU_>;N[(I8NBFDD])*5]%M)W5NS@[6O:Z[-L
M^D?V:?[+^(G[%WQF\;ZS8_"C1?$NB:K865AK>I^!["2RTV(R*"OV:WL95RX=
ME++`Q)*ECA00W]DD^!/CGX+U+PGI=Q\)%^-=[X@EGAFUSP;$^C>)[-8MD=O:
M@01BR5B`W[N*.7@G&2<?+'PN_:J\<?!WP;K?AW0]2TW^P?$D\=SJ6G:CHMCJ
MEK=R(<HS1W4,BY!P>`.0#V%;/AO]N;XE^#O).E:MH>G&TFEN+(V_AC2XSI<D
MJ[9&M,6_^B[AG/D;`22>I)JZV4UFZO(TN9KEUM:T8JS7*]')-M7LT]KZB6,I
MV@K;.3>G1N5NJU2:7=/9Z:^>?$3PK?>!O'^N:+J=K#8ZCI-_/9W-O"Q:."2.
M1E9%)))4$$`DGC')K&J;4=1N-8U"XN[N>:ZN[J1IIII7+R2NQRS,QY)))))Y
M)-0U[])24$I;VU."K*+FW'9O0****LS"BBB@`HHHH`****`"BBB@`HHHH`*_
M=[_@QT_Y*I^T3_V"M#_]'7U?A#7[O?\`!CI_R53]HG_L%:'_`.CKZ@#^AZBB
MB@#\C?\`@\#^`WCK]HO]C/X5>'_A[X+\6>.]>3QP;MM-\/:1<:I>+"NGW0:4
MQ0([[%+*"V,`L.>17\^G_#IW]J?_`*-I_:`_\-YJ_P#\CU_9[\1/^2[?#G_N
M)_\`I.M>@4`?Q!?\.G?VI_\`HVG]H#_PWFK_`/R/1_PZ=_:G_P"C:?V@/_#>
M:O\`_(]?V^T4`?Q!?\.G?VI_^C:?V@/_``WFK_\`R/1_PZ=_:G_Z-I_:`_\`
M#>:O_P#(]?V^T4`?Q!?\.G?VI_\`HVG]H#_PWFK_`/R/1_PZ=_:G_P"C:?V@
M/_#>:O\`_(]?V^T4`?Q!?\.G?VI_^C:?V@/_``WFK_\`R/1_PZ=_:G_Z-I_:
M`_\`#>:O_P#(]?V^T4`?Q!?\.G?VI_\`HVG]H#_PWFK_`/R/1_PZ=_:G_P"C
M:?V@/_#>:O\`_(]?V^T4`?Q!?\.G?VI_^C:?V@/_``WFK_\`R/1_PZ=_:G_Z
M-I_:`_\`#>:O_P#(]?V^T4`?Q!?\.G?VI_\`HVG]H#_PWFK_`/R/1_PZ=_:G
M_P"C:?V@/_#>:O\`_(]?V^T4`?Q!?\.G?VI_^C:?V@/_``WFK_\`R/1_PZ=_
M:G_Z-I_:`_\`#>:O_P#(]?V^T4`?Q!?\.G?VI_\`HVG]H#_PWFK_`/R/1_PZ
M=_:G_P"C:?V@/_#>:O\`_(]?V^T4`?Q!?\.G?VI_^C:?V@/_``WFK_\`R/1_
MPZ=_:G_Z-I_:`_\`#>:O_P#(]?V^T4`?Q!?\.G?VI_\`HVG]H#_PWFK_`/R/
M1_PZ=_:G_P"C:?V@/_#>:O\`_(]?V^T4`?Q!?\.G?VI_^C:?V@/_``WFK_\`
MR/1_PZ=_:G_Z-I_:`_\`#>:O_P#(]?V^T4`?Q!?\.G?VI_\`HVG]H#_PWFK_
M`/R/1_PZ=_:G_P"C:?V@/_#>:O\`_(]?V^T4`?Q!?\.G?VI_^C:?V@/_``WF
MK_\`R/1_PZ=_:G_Z-I_:`_\`#>:O_P#(]?V^T4`?Q!?\.G?VI_\`HVG]H#_P
MWFK_`/R/7UW_`,$%?V`?CQ\!?^"OWP,\3>.O@G\7/!?ANSUBZCN-5UWP?J.G
M6,#/I]TB*\TT*HI9B%`)Y)`'-?UA5Y_\?O\`F2O^QKL?_:E`'X\_\'F/[,OQ
M)_:4O_V:+3X<_#WQQX_NM/\`^$H^U0^&]"NM5DMMXT@IO6!'*[A'(1G&1&V/
MNG'XD?\`#IW]J?\`Z-I_:`_\-YJ__P`CU_9[\1/^2[?#G_N)_P#I.M>@4`?Q
M!?\`#IW]J?\`Z-I_:`_\-YJ__P`CT?\`#IW]J?\`Z-I_:`_\-YJ__P`CU_;[
M10!_$%_PZ=_:G_Z-I_:`_P##>:O_`/(]'_#IW]J?_HVG]H#_`,-YJ_\`\CU_
M;[10!_$%_P`.G?VI_P#HVG]H#_PWFK__`"/1_P`.G?VI_P#HVG]H#_PWFK__
M`"/7]OM%`'\07_#IW]J?_HVG]H#_`,-YJ_\`\CT?\.G?VI_^C:?V@/\`PWFK
M_P#R/7]OM%`'\07_``Z=_:G_`.C:?V@/_#>:O_\`(]'_``Z=_:G_`.C:?V@/
M_#>:O_\`(]?V^T4`?Q!?\.G?VI_^C:?V@/\`PWFK_P#R/1_PZ=_:G_Z-I_:`
M_P##>:O_`/(]?V^T4`?Q!?\`#IW]J?\`Z-I_:`_\-YJ__P`CT?\`#IW]J?\`
MZ-I_:`_\-YJ__P`CU_;[10!_$%_PZ=_:G_Z-I_:`_P##>:O_`/(]'_#IW]J?
M_HVG]H#_`,-YJ_\`\CU_;[10!_$%_P`.G?VI_P#HVG]H#_PWFK__`"/1_P`.
MG?VI_P#HVG]H#_PWFK__`"/7]OM%`'\07_#IW]J?_HVG]H#_`,-YJ_\`\CT?
M\.G?VI_^C:?V@/\`PWFK_P#R/7]OM%`'\07_``Z=_:G_`.C:?V@/_#>:O_\`
M(]'_``Z=_:G_`.C:?V@/_#>:O_\`(]?V^T4`?Q!?\.G?VI_^C:?V@/\`PWFK
M_P#R/1_PZ=_:G_Z-I_:`_P##>:O_`/(]?V^T4`?Q!?\`#IW]J?\`Z-I_:`_\
M-YJ__P`CT?\`#IW]J?\`Z-I_:`_\-YJ__P`CU_;[10!_$%_PZ=_:G_Z-I_:`
M_P##>:O_`/(]'_#IW]J?_HVG]H#_`,-YJ_\`\CU_;[10!_$%_P`.G?VI_P#H
MVG]H#_PWFK__`"/7Z5_\&I'[%OQC_9H_X*HSZM\1_A-\3/A_I5_X'U2TMKSQ
M)X7OM)M[F;S[-_*22>)%9]JLVT$G"DXP*_I2KS_XB?\`)=OAS_W$_P#TG6@#
M\7?^#QG]EGXG?M._%[X#P?#7X<>//B'/H^CZS)?Q^&=`N]6>R62>S"-*+>-R
M@8JP!;&=IQT-?C)_PZ=_:G_Z-I_:`_\`#>:O_P#(]?V>_P#-T_\`W*G_`+>5
MZ!0!_$%_PZ=_:G_Z-I_:`_\`#>:O_P#(]'_#IW]J?_HVG]H#_P`-YJ__`,CU
M_;[10!_$%_PZ=_:G_P"C:?V@/_#>:O\`_(]'_#IW]J?_`*-I_:`_\-YJ_P#\
MCU_;[10!_$%_PZ=_:G_Z-I_:`_\`#>:O_P#(]'_#IW]J?_HVG]H#_P`-YJ__
M`,CU_;[10!_$%_PZ=_:G_P"C:?V@/_#>:O\`_(]'_#IW]J?_`*-I_:`_\-YJ
M_P#\CU_;[10!_$%_PZ=_:G_Z-I_:`_\`#>:O_P#(]'_#IW]J?_HVG]H#_P`-
MYJ__`,CU_;[10!_$%_PZ=_:G_P"C:?V@/_#>:O\`_(]'_#IW]J?_`*-I_:`_
M\-YJ_P#\CU_;[10!_$%_PZ=_:G_Z-I_:`_\`#>:O_P#(]'_#IW]J?_HVG]H#
M_P`-YJ__`,CU_;[10!_$%_PZ=_:G_P"C:?V@/_#>:O\`_(]'_#IW]J?_`*-I
M_:`_\-YJ_P#\CU_;[10!_$%_PZ=_:G_Z-I_:`_\`#>:O_P#(]'_#IW]J?_HV
MG]H#_P`-YJ__`,CU_;[10!_$%_PZ=_:G_P"C:?V@/_#>:O\`_(]'_#IW]J?_
M`*-I_:`_\-YJ_P#\CU_;[10!_$%_PZ=_:G_Z-I_:`_\`#>:O_P#(]'_#IW]J
M?_HVG]H#_P`-YJ__`,CU_;[10!_$%_PZ=_:G_P"C:?V@/_#>:O\`_(]'_#IW
M]J?_`*-I_:`_\-YJ_P#\CU_;[10!_$%_PZ=_:G_Z-I_:`_\`#>:O_P#(]'_#
MIW]J?_HVG]H#_P`-YJ__`,CU_;[10!_$%_PZ=_:G_P"C:?V@/_#>:O\`_(]'
M_#IW]J?_`*-I_:`_\-YJ_P#\CU_;[10!_$%_PZ=_:G_Z-I_:`_\`#>:O_P#(
M]?LW_P`&<W[+/Q._9B^+WQX@^)7PX\>?#R?6-'T:2PC\3:!=Z2]ZL<]X':(7
M$:%PI902N<;AGJ*_>*O/_P#FZ?\`[E3_`-O*`/0****`//\`XB?\EV^'/_<3
M_P#2=:]`KS_XB?\`)=OAS_W$_P#TG6O0*`/&_P!I3XY>+_A#\7O@_IFD:?X;
MG\->._%(\/ZM<7DD[WT6ZQO+E?(C4*B\VRY=W;AB/+_B#_VJ_C;XO^"WB#X:
MG0=/\-W.B>*/%MAX?UB>_EG:[ACN90@^SQ(`I;&XEW?"[0/+?<2NC^T!^QYX
M'_:=\1>%]5\7+XP>]\&71OM(.C^,M9T*.UN"I7SC'8W4*22!6=`T@8A9)%!"
MNP.;\8/V$?A]\=](T2Q\32_$2Z@\.ZI-K5@;3XB^(=/EANY9O.\TR6]]&[^6
M_P#J5<E8%^2(1K\M.GIR<W2:;\X7C=>K2EIINM7J.NE)24-+P:3[3]^TOE>/
MW/;1'F7[/W[9WQ`^(_QQ\-_VW!X.7P#\1=8\2Z+H%C8V%S%K&D/H\\T7FW5R
M]PT5P)Q;RML2"$PDHN9>6'U?7E7PO_8G^&GP:^*^I>-O#OA^ZLO$&J/<RNTN
ML7UU:6DERXDNI+:TFF>WM7GD4/,]O'&TS?-(6.37JM-VY8I=%_6O7U(UYI-]
M7ITT].GX^K9S.I?%G2M*\8+H<MIXF>]>6.$20^'-1FL]T@4J3<I`8`HW#<Q?
M:O.XC!Q!_P`+KT;_`(2C^R/L7B[[7]J^Q^9_PBNJ?9=^_9G[1]G\GR\_\M-^
MS'S;MO-=;14E',Z;\6=*U7Q@VAQ6GB9+U)9(3)-X<U&&SW1ABQ%R\`@*G:=K
M!]K<;2<C)IOQ9TK5?&#:'%:>)DO4EDA,DWAS48;/=&&+$7+P"`J=IVL'VMQM
M)R,]-10!R7ACXUZ-XNUR#3K2R\70W%QNVO>^%=4L8!M4L=TTUND:\`XW,,G`
M&20#/X,^+.E>/-4DL[&T\30311&8MJ/AS4=-B*@@8$EQ!&A;+#Y02Q&3C`)'
M344`<EH/QKT;Q']M^SV7BZ/[!:O>2_:O"NJ6NY$QD1^;;KYDASQ&FYVYPIP:
M-!^->C>(_MOV>R\71_8+5[R7[5X5U2UW(F,B/S;=?,D.>(TW.W.%.#76T4`<
MEH/QKT;Q']M^SV7BZ/[!:O>2_:O"NJ6NY$QD1^;;KYDASQ&FYVYPIP:G\._%
MG2O%&EZG>6UIXFBATF+SIUN_#FHV<KKACB*.:!7F;"'Y8@S9*C&64'IJ*`.2
MT_XUZ-J>AZCJ,5EXN6WTOR_.27PKJD,[^8VU?*A>W$DV"/F\M6V#EL#FC3_C
M7HVIZ'J.HQ67BY;?2_+\Y)?"NJ0SOYC;5\J%[<238(^;RU;8.6P.:ZVB@#F;
M/XLZ5?>#[O7$M/$RV5E*(9(Y/#FHQWC,2@RELT`GD7YQ\R(5&&Y^5L0?\+KT
M;_A%_P"U_L7B[[)]J^Q^7_PBNJ?:M^S?G[/]G\[R\?\`+39LS\N[=Q76T4`<
ME_PNO1O^$7_M?[%XN^R?:OL?E_\`"*ZI]JW[-^?L_P!G\[R\?\M-FS/R[MW%
M3WGQ9TJQ\'VFN/:>)FLKV4PQQQ^'-1DO%8%QE[98#/&OR'YG0*<KS\RYZ:B@
M#DM0^->C:9H>G:C+9>+FM]4\SR4B\*ZI-.GEMM;S84MS)#DGY?,5=XY7(YHU
M#XUZ-IFAZ=J,MEXN:WU3S/)2+PKJDTZ>6VUO-A2W,D.2?E\Q5WCE<CFNMHH`
MY+4/C7HVF:'IVHRV7BYK?5/,\E(O"NJ33IY;;6\V%+<R0Y)^7S%7>.5R.:G\
M1?%G2O"^EZ9>7-IXFEAU:+SH%M/#FHWDJ+A3B6.&!GA;#CY90K9##&58#IJ*
M`.2U[XUZ-X<^Q?:++Q=)]OM4O(OLOA75+K:CYP)/*MV\N08YC?:Z\949%&O?
M&O1O#GV+[19>+I/M]JEY%]E\*ZI=;4?.!)Y5NWER#',;[77C*C(KK:*`.9\9
M_%G2O`>J1V=]:>)IYI8A,&T[PYJ.I1!22,&2W@D0-E3\I(8#!Q@@G0L_&MG?
M>,+O0T@U=;VRB$TDDFE74=FRD(<)<M&()&^<?*CEAAN/E;&M10`5Y_\`'[_F
M2O\`L:['_P!J5Z!7G_Q^_P"9*_[&NQ_]J4`'Q$_Y+M\.?^XG_P"DZUV7B?5;
MK0_#E]>V6F76M7EK`\L-A;211S7C@$B-&E=(U9CP"[*HSR17&_$3_DNWPY_[
MB?\`Z3K78>*]&N?$7AC4=/L]6U#0;N]MI((=2L4@>ZL'92!-$L\<L)="=P$D
M;ID#<K#(,SO9V*BE=7/D3XD_\%7KGP1\$_A%XI?P[\-/#=Y\5-4U+3&7QW\1
M?^$;TC2)+-IUVF_%A<>;+(8<(@B7);&XXY];_:1_:M\0_"G7?"7AKP9X/T7Q
MMXR\5:7?ZZ+.\\1MI.GP6%BD!N91=+:SL[%[F!(U\D!S("S1J"1S?A7_`()R
MW/A#]G>/X8VWQT^,DGAIKF\>[:6V\-&YU"UNLF>QD<:0`L#.\K[HU2<&9@)0
MH15U?B'_`,$^M(\;P:`NG^/_`(B^$)?"4,FFZ%-H<FFQ2:3I,MI;VT^E1F6S
MD#VT@MHY"\H>X609CFC`55<T[22>O3[MGILI6;W;7,E9J/--!6<?:ZJSOWOT
M:]=>R6F]WR\'^SY_P51?]HOQ)X'U?2/`<=O\*?B#JZ^&M*\1S:Z?[4.J'36O
MRCZ<+?:ML!')#YWVDOYJ?ZD(1)7UW7SE\(O^"8G@+X'_`!$T/5/#VL>,;;PO
MX8O%U;1O!;WEN^@:9J(L?L'VZ,>1]J,IM]R['N&A#.T@B$AWU]&UO5=-I>S7
M]66_SO:WV;=;F=-3LN;M^-WZ?9Y4_P"\I6TL<EXG^/W@3P3KD^EZUXV\(Z1J
M=KM\ZTO=8M[>>+<H9=R.X895@1D<@@]ZGU+XT^#=&\8+X>O/%OAFTU]Y8X%T
MR;5(([QI)`IC01%M^YPR[1C)W#&<BNFHK$T.9U+XT^#=&\8+X>O/%OAFTU]Y
M8X%TR;5(([QI)`IC01%M^YPR[1C)W#&<BH/^%_>!/^$H_L/_`(3;PC_;7VK[
M#]@_MBW^U?:-^SR?+W[O,W_+MQG/&,UUM%`',Z;\:?!NL^,&\/6?BWPS=Z^D
MLD#:9#JD$EXLD88R(8@V_<@5MPQD;3G&#1IOQI\&ZSXP;P]9^+?#-WKZ2R0-
MID.J027BR1AC(AB#;]R!6W#&1M.<8-=-10!R7ACX_>!/&VN0:7HOC;PCJ^IW
M6[R;2RUBWN)Y=JEFVHCECA5).!P`3VH\,?'[P)XVUR#2]%\;>$=7U.ZW>3:6
M6L6]Q/+M4LVU$<L<*I)P.`">U=;10!S/@SXT^#?B-JDECX>\6^&=>O8HC.]O
MIVJ074J1@A2Y5&)"@LHSTRP]:@T'X_>!/%/VW^R_&WA'4O[-M7OKO[+K%O-]
MEMTQOFDVN=D:Y&6.`,C)KK:*`.2T'X_>!/%/VW^R_&WA'4O[-M7OKO[+K%O-
M]EMTQOFDVN=D:Y&6.`,C)J?P[\:?!OB_2]3OM)\6^&=4LM%B\_4+BTU2">*P
MCPS;Y65B(UPCG+8&$;T-=-10!R6G_'[P)JVAZCJEIXV\(W6F:1Y?VZ[BUBW>
M"R\QML?FN'VIO8$+N(R1@9HT_P"/W@35M#U'5+3QMX1NM,TCR_MUW%K%N\%E
MYC;8_-</M3>P(7<1DC`S76T4`<S9_&GP;J'@^[\0V_BWPS/H%A*(+G4X]4@:
MSMY"4`1Y0VQ6)D3@D'YU]14'_"_O`G_"+_VY_P`)MX1_L7[5]A^W_P!L6_V7
M[1LW^3YF_;YFSYMN<XYQBNMHH`Y+_A?W@3_A%_[<_P"$V\(_V+]J^P_;_P"V
M+?[+]HV;_)\S?M\S9\VW.<<XQ1_PO[P)_P`(O_;G_";>$?[%^U?8?M_]L6_V
M7[1LW^3YF_;YFSYMN<XYQBNMHH`YF\^-/@W3_!]IXAN/%OAF#0+^4P6VIR:I
M`MG<2`N"B2EMC,#&_`)/R-Z&H-0^/W@32=#T[5+OQMX1M=,U?S/L-W+K%ND%
M[Y;;9/*<OM?8Q`;:3@G!Q76T4`<EJ'Q^\":3H>G:I=^-O"-KIFK^9]ANY=8M
MT@O?+;;)Y3E]K[&(#;2<$X.*G\1?&GP;X0TO3+[5O%OAG2[+6HO/T^XN]4@@
MBOX\*V^)F8"1<.ARN1AU]17344`0:5JMKKNEVU]8W-O>V5[$L]O<02"2*>-@
M&5T89#*0001P0:GHHH`*\_\`B)_R7;X<_P#<3_\`2=:]`KS_`.(G_)=OAS_W
M$_\`TG6@`_YNG_[E3_V\KT"O/_\`FZ?_`+E3_P!O*]`H`XN[_:'\%V7QRL?A
MJ^OVK>.-1T^?58=*C22206T)C$CNRJ4CQYT>%=E9@V5!`)">(?VBO!/A7XQZ
M-\/K_P`0V</C+7[:6\L]+"O)*T,2.[R.54K$NV-R#(5W;&"Y((KS/XQ?"WXJ
M^(?VZ_AGXUT#0?A]=^!/!^DZEIE_<:AXIO+35W.H/:&1XK1-.EB;R5M%VAKE
M?,,I!,>S+8/[0'PA^-?QA^-?PGUFV\*_"ZVT/PU!?IX@:3QS?K=PM?6\EI,+
M1%T@K.(HF656D>$R/E"(@!(8DY>S3@KR=U;;6[MOLFK:O3?5=+<5>R?9OR3:
MO;N[7=EJCU#X`_MC_#O]I[5-3LO!6MWNI3Z7$ETWVG1K[3DN[9W=([NU>YAC
M6[M79'"W%N9(6*G#FO3Z^7/V%_V2OB+\&?$F@W_Q#G\$K_P@7@:U^'NB?\([
M>7-U_:]K!*CF_N5F@B^S2N(HA]GC,RH=_P"^?(V_2GB?PY;^+M#GTZ[DOX;>
MXV[GLKZ>QG&U@PVS0NDB\@9VL,C(.02#T58P7P.^_P!W,TGY7C:5MU>SU3,8
M2DV^96VZW^RF]=+VDW&]K.UUHR_17,V?PFTJQ\'W>AI=^)FLKV43222>(]1D
MO%8%#A+EIS/&OR#Y4<*<MQ\S9@_X4IHW_"+_`-C_`&WQ=]D^U?;/,_X2K5/M
M6_9LQ]H^T>=Y>.?+W[,_-MW<UD6=;17)?\*4T;_A%_['^V^+OLGVK[9YG_"5
M:I]JW[-F/M'VCSO+QSY>_9GYMN[FI[SX3:5?>#[30WN_$RV5E*9HY(_$>HQW
MC,2YP]RLXGD7YS\KN5&%X^5<`'345R6H?!31M3T/3M.EO?%RV^E^9Y+Q>*M4
MAG?S&W-YLR7`DFP1\OF,VP<+@<4:A\%-&U/0].TZ6]\7+;Z7YGDO%XJU2&=_
M,;<WFS)<"2;!'R^8S;!PN!Q0!UM%<EJ'P4T;4]#T[3I;WQ<MOI?F>2\7BK5(
M9W\QMS>;,EP))L$?+YC-L'"X'%3^(OA-I7BC2],L[F[\310Z3%Y,#6GB/4;.
M5UPHS+)#.KS-A!\TI9LECG+,2`=-17):]\%-&\1_8OM%[XNC^P6J6<7V7Q5J
MEKN1,X,GE7"^9(<\R/N=N,L<"C7O@IHWB/[%]HO?%T?V"U2SB^R^*M4M=R)G
M!D\JX7S)#GF1]SMQEC@4`=;17,^,_A-I7CS5([R^N_$T$T40A"Z=XCU'38BH
M).3';SQH6RQ^8@L1@9P`!!XG^"FC>+M<GU&[O?%T-Q<;=R67BK5+&`;5"C;#
M#<)&O`&=JC)R3DDD@'6T5S.I?";2M5\8+KDMWXF2]26.81P^(]1AL]T84*#;
M).("IVC<I3:W.X'<<FI?";2M5\8+KDMWXF2]26.81P^(]1AL]T84*#;).("I
MVC<I3:W.X'<<@'345R7_``I31O\`A*/[8^V^+OM?VK[9Y?\`PE6J?9=^_?C[
M/]H\GR\\>7LV8^7;MXH_X4IHW_"4?VQ]M\7?:_M7VSR_^$JU3[+OW[\?9_M'
MD^7GCR]FS'R[=O%`'6T5S.F_";2M*\8-KD5WXF>]>628QS>(]1FL]T@8,!;/
M.8`HW':H3:O&T#:,&F_";2M*\8-KD5WXF>]>628QS>(]1FL]T@8,!;/.8`HW
M':H3:O&T#:,`'345R7ACX*:-X1UR#4;2]\737%ONVI>^*M4OH#N4J=T,UP\;
M<$XW*<'!&"`1/X,^$VE>`]4DO+&[\33S2Q&$KJ/B/4=2B"D@Y$=Q/(@;*CY@
M`P&1G!((!TU%<EH/P4T;PY]M^SWOBZ3[?:O9R_:O%6J76U'QDQ^;<-Y<@QQ(
MFUUYPPR:G\&?";2O`>J27EC=^)IYI8C"5U'Q'J.I1!20<B.XGD0-E1\P`8#(
MS@D$`Z:BBB@`KS__`)NG_P"Y4_\`;RO0*\__`.;I_P#N5/\`V\H`]`HHHH`\
M_P#B)_R7;X<_]Q/_`-)UKT"O/_B)_P`EV^'/_<3_`/2=:]`H`****`"BBB@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"B
MBB@`KS_X_?\`,E?]C78_^U*]`KS_`./W_,E?]C78_P#M2@`^(G_)=OAS_P!Q
M/_TG6O0*\_\`B)_R7;X<_P#<3_\`2=:]`H`****`"BBB@`HK$U?PK?ZEJ,D\
M/B;6]/B?&+>WBLVCCP`.#)`S<D9Y8\D]!@5+=^'+RXUP7::_J]O;AU;[%'':
MF`@8RN6A,F&P<_/GDX(XP`:U%9-WX<O+C7!=IK^KV]N'5OL4<=J8"!C*Y:$R
M8;!S\^>3@CC$7_"*W_\`;'VK_A)M;\CSO-^R>59^3MW9\O/D;]N.,[]V/XL\
MT`;=%9-IX<O+?7#=OK^KW%N79OL4D=J(`#G"Y6$287(Q\^>!DGG):>'+RWUP
MW;Z_J]Q;EV;[%)':B``YPN5A$F%R,?/G@9)YR`:U%8FD>%;_`$W48YYO$VMZ
MA$F<V]Q%9K')D$<F.!6X)SPPY`ZC(HTCPK?Z;J,<\WB;6]0B3.;>XBLUCDR"
M.3'`K<$YX8<@=1D4`;=%9.@^'+S1[QI;C7]7U5&0J(KJ.U5%.0=P\J%&SQCD
MXY/'0B+3?"M_8_:/-\3:W>^="T2>=%9CR&.,2+L@7+#L&W+SRIH`VZ*Q--\*
MW]C]H\WQ-K=[YT+1)YT5F/(8XQ(NR!<L.P;<O/*FI=+\.7FGV=W%-K^KWSW*
M;8Y9X[57M3@C<FR%5)Y!^<,/E''4$`UJ*Q+7PK?V^G74#^)M;GEN-GEW#Q68
MDML')V!8`IW#@[U;CI@\T6OA6_M].NH'\3:W/+<;/+N'BLQ);8.3L"P!3N'!
MWJW'3!YH`VZ*R8/#EY#H<UHVOZO+<2ON6]:.U$\(^7Y5`A$>.#]Y"?F//3$7
M_"*W_P#8_P!E_P"$FUOS_.\W[7Y5GYVW;CR\>1LVYYSLW9_BQQ0!MT5B?\(K
M?_V/]E_X2;6_/\[S?M?E6?G;=N/+QY&S;GG.S=G^+'%'_"*W_P#8_P!E_P"$
MFUOS_.\W[7Y5GYVW;CR\>1LVYYSLW9_BQQ0!MT5DS^'+R;0X;1=?U>*XB?<U
MZL=J9YA\WRL#"8\<C[J`_*.>N8KKPK?W&G6L">)M;@EM]_F7"169DN<G(WAH
M"HVC@;%7CKD\T`;=%8EUX5O[C3K6!/$VMP2V^_S+A(K,R7.3D;PT!4;1P-BK
MQUR>:EU3PY>:A9VD4.OZO8O;)MDE@CM6>Z.`-S[X64'@GY`H^8\=``#6HJ.S
M@>ULX8I)I;EXT"M+(%#RD#!9MH"Y/4X`'H!TJ2@`KS_XB?\`)=OAS_W$_P#T
MG6O0*\_^(G_)=OAS_P!Q/_TG6@`_YNG_`.Y4_P#;RO0*\_\`^;I_^Y4_]O*]
M`H`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`KS_P#YNG_[E3_V\KT"O/\`_FZ?_N5/_;R@#T"BBB@#
MS_XB?\EV^'/_`'$__2=:]`KS_P"(G_)=OAS_`-Q/_P!)UKT"@#PK]K#XB>-/
MAU\9_@:FA>(;73O#GBGQFN@ZUIW]F1S3:A&^G7]P/W[D^6H>WC.(T5R1]_&5
M/EW_``47_:$\=?#WQKX@LO"OQ"?X>P^`_AIJ?Q#C2.PT^Z/B>ZM9@B6<WVN*
M0K:C`$@M_*F)N(]LR8PWT/\`&3]D_P"%G[1>L:3J/Q"^&GP_\=ZAH&[^S+GQ
M#X>L]4FT[<RLWDO/&YCRR*3M(R5!["FZY^R7\*O$\6CQZG\,OA]J*>'=4FUS
M2EN?#MG,-,U":4S37D`:,^5<22LTC2IAV<EB23FBFK<MWM*3[Z.-EOO9^]9Z
M:<NVIJZD>9/ET2BO5J;D_3FC:%][>]NK'SS^QM\;?B;_`,-6ZMX<^+]_\5;#
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M3)?!7B:RLEEDC&K33Z<;-E4-MD"I=-/M?`"YBW#<-P7G!IOCS5;[Q@VF2^"O
M$UE9++)&-6FGTXV;*H;;(%2Z:?:^`%S%N&X;@O..FHH`Y+PQ\1]9U[7(+2[\
M`>+M$MYMVZ]O;C2W@API(W"&\DD.2`HVH>6&<#)$_@SQYJOBC5)+>^\%>)O#
MD*1&07.HSZ=)$[`@>6!;W4K[B"3RH7"GD'`/344`<EH/Q'UG5_MOVCP!XNTK
M[+:O<1?:KC2V^V.N,01^5>/B1L\%]B<'+KQDT'XCZSJ_VW[1X`\7:5]EM7N(
MOM5QI;?;'7&((_*O'Q(V>"^Q.#EUXSUM%`'):#\1]9U?[;]H\`>+M*^RVKW$
M7VJXTMOMCKC$$?E7CXD;/!?8G!RZ\9G\.^/-5UO2]3N+GP5XFT>:PB\R"VNY
M].:746PQ\N(PW4B!LJ!^]:-<NO.-Q7IJ*`.2T_XCZS>Z'J-W+X`\76EQ9>7Y
M-E+<:69[_<V&\HI>-&-@^9O,=,@_+N/%&G_$?6;W0]1NY?`'BZTN++R_)LI;
MC2S/?[FPWE%+QHQL'S-YCID'Y=QXKK:*`.9L_'FJW/@^[U-_!7B:WO;>41QZ
M3)/IQO+I<I^\1ENC`%&XGYY5;]VW'W=T'_"Q]9_X1?\`M#_A`/%WVO[5]G_L
MW[1I?VK9LW>?N^V>3Y>?EQYF_/\`!M^:NMHH`Y+_`(6/K/\`PB_]H?\`"`>+
MOM?VK[/_`&;]HTO[5LV;O/W?;/)\O/RX\S?G^#;\U3WGCS5;;P?::FG@KQ-<
M7MQ*8Y-)CGTX7EJN7_>.S70@*G:#\DK-^\7C[VWIJ*`.2U#XCZS9:'IUW%X`
M\77=Q>^9YUE%<:6)[#:V%\TO>+&=X^9?+=\`?-M/%&H?$?6;+0].NXO`'BZ[
MN+WS/.LHKC2Q/8;6POFE[Q8SO'S+Y;O@#YMIXKK:*`.2U#XCZS9:'IUW%X`\
M77=Q>^9YUE%<:6)[#:V%\TO>+&=X^9?+=\`?-M/%3^(O'FJZ)I>F7%MX*\3:
MQ-?Q>9/;6D^G++IS84^7*9KJ-"V6(_=-(N4;G&TMTU%`'):]\1]9TC[%]G\`
M>+M5^U6J7$OV6XTM?L;MG,$GFWB9D7')3>G(P[<X->^(^LZ1]B^S^`/%VJ_:
MK5+B7[+<:6OV-VSF"3S;Q,R+CDIO3D8=N<=;10!S/C/QYJOA?5([>Q\%>)O$
M<+Q"0W.G3Z='$C$D>61<743[@`#PI7##DG(&A9^)+VY\87>F/X?U>WLK>(21
MZM)):FSNFPG[M%68SAAN(^>)5_=MS]W=K44`%>?_`!^_YDK_`+&NQ_\`:E>@
M5Y_\?O\`F2O^QKL?_:E`!\1/^2[?#G_N)_\`I.M>@5Y_\1/^2[?#G_N)_P#I
M.M=EXHM=2O?#E]#H][:Z=JLL#K:75S:FZAMY2#M=X@\9D4'!*AUSTR*4G97&
MD7J*_-C]J3_@H9\7/A7_`,$NM'\1:3J'BQ_'NJZ=XBOKOQQIG@.?6[321ID]
MP(EEAM;2:VMWG9(8P]RJ0I&)Y&?<@#>Y?M&_M!^*O&>J?"70O#'CO6_A;8>-
M?"&L>+KK7GT2U@U%WL+>SDCLWMM4MG$`<74DLJO"LH2W8`Q'+!S]VG*KT3:^
MY.3?W)Z;NVB>E[I4I35.WVTVOE;_`#5NGGH?6M%?G+^Q?^W=\5/C[J'PF\?:
M]XP:UC\>^,%\&:E\.H]-L4M--B&@/J#7HD\G[<+DRHLOS3>2()E7R@V)*_1J
MMJM&5.W-_5TG^33^?>YSTZBFDUU5_P#R:47^,6OE?9H**Y+Q/\1]9T'7)[2T
M\`>+M;MX=NV]LKC2T@FRH)VB:\CD&"2IW(.5.,C!,^I>/-5L?&"Z9%X*\37M
MDTL<9U:&?3A9JK!=TA5[I9]J9(;$6X[3M#<9Q-#IJ*YG4O'FJV/C!=,B\%>)
MKVR:6.,ZM#/IPLU5@NZ0J]TL^U,D-B+<=IVAN,P?\+'UG_A*/[/_`.$`\7?9
M/M7V?^TOM&E_9=F_;Y^W[9YWEX^;'E[\?P;OEH`ZVBN9TWQYJM]XP;3)?!7B
M:RLEEDC&K33Z<;-E4-MD"I=-/M?`"YBW#<-P7G!IOCS5;[Q@VF2^"O$UE9++
M)&-6FGTXV;*H;;(%2Z:?:^`%S%N&X;@O.`#IJ*Y+PQ\1]9U[7(+2[\`>+M$M
MYMVZ]O;C2W@API(W"&\DD.2`HVH>6&<#)!X8^(^LZ]KD%I=^`/%VB6\V[=>W
MMQI;P0X4D;A#>22')`4;4/+#.!D@`ZVBN9\&>/-5\4:I);WW@KQ-X<A2(R"Y
MU&?3I(G8$#RP+>ZE?<02>5"X4\@X!@T'XCZSJ_VW[1X`\7:5]EM7N(OM5QI;
M?;'7&((_*O'Q(V>"^Q.#EUXR`=;17):#\1]9U?[;]H\`>+M*^RVKW$7VJXTM
MOMCKC$$?E7CXD;/!?8G!RZ\9G\.^/-5UO2]3N+GP5XFT>:PB\R"VNY].:746
MPQ\N(PW4B!LJ!^]:-<NO.-Q4`Z:BN2T_XCZS>Z'J-W+X`\76EQ9>7Y-E+<:6
M9[_<V&\HI>-&-@^9O,=,@_+N/%,MOB?JK>'-4U"Y\!^*]/?35C9+6XNM+\V]
M#,0QC9;QHU$8&YO-=./N[CQ0!V%%<IHGQ+O=?\`RZ[!X1\0&3<OV;3Q=:;)<
MWT;;")8G2Z:W*88GYI5)"-@'*[F_\+'UG_A%_P"T/^$`\7?:_M7V?^S?M&E_
M:MFS=Y^[[9Y/EY^7'F;\_P`&WYJ+@=;17)?\+'UG_A%_[0_X0#Q=]K^U?9_[
M-^T:7]JV;-WG[OMGD^7GY<>9OS_!M^:C_A8^L_\`"+_VA_P@'B[[7]J^S_V;
M]HTO[5LV;O/W?;/)\O/RX\S?G^#;\U`'6T5S-YX\U6V\'VFIIX*\37%[<2F.
M328Y].%Y:KE_WCLUT("IV@_)*S?O%X^]M@U#XCZS9:'IUW%X`\77=Q>^9YUE
M%<:6)[#:V%\TO>+&=X^9?+=\`?-M/%`'6T5R6H?$?6;+0].NXO`'BZ[N+WS/
M.LHKC2Q/8;6POFE[Q8SO'S+Y;O@#YMIXJ?Q%X\U71-+TRXMO!7B;6)K^+S)[
M:TGTY9=.;"GRY3-=1H6RQ'[II%RC<XVE@#IJ*@TJ\DU#2[:XFM+BPFGB61[:
M<HTMNQ`)C<HS(64\':S+D<$CFIZ`"O/_`(B?\EV^'/\`W$__`$G6O0*\_P#B
M)_R7;X<_]Q/_`-)UH`/^;I_^Y4_]O*]`KS__`)NG_P"Y4_\`;RO0*`/.]8_:
M7T31/VEM"^%DVF>)#KGB#2KS5[:^_L\II?EVI@$D?GN1OD_TB,XC#@<ABIP#
MR'Q@_;W\-_!KXQ'PG>>&O&>J6EA/IMKKOB+3[>U;2/#,VHS>18QW1DN$G9I9
M"H_T>&81AU:0QJP:G?%7]F_X@>-_VQ_`7Q)TCQWX.TGPWX)TZ\TU]!N_"%S>
MWU]'>O;FZ87RZE$D;$6L(C_T9PAWEA)N`7BOB#_P3]\7?$[XC76J:I\2M$BT
M+Q;<:)J/C+2;3PD\9U6]TB=9K:2SF>]<V<<AC@29)%N698OD>(L6I1NU"_=W
M]+O7_P`!M:VM[75KERY=5Y+^EY^NG8],_9$_:M?]KSP"GBJT^'?COP5X=OX(
MKK2+[Q%)I)77()-V)84LKZYD0`*"1<+$WSK@'YMOK5?./[$_[`</[)7Q$\9^
M*#-\.[*[\7PV]L^E>`?!7_"'Z%&L+S/]IDL_M=UYUZYF*O<%UW)'&NP;23[_
M`.)_"NE^-M#GTO6M-L-7TRZV^=:7MNEQ!+M8,NY'!4X901D<$`]JTGRZ<O9?
MUY^;LEV5B9VYY<NU]/3^NY?HKF;/X+>#=/\`!]WX>M_"7AF#0+^43W.F1Z7`
MMG<2`H0[Q!=C,#&G)!/R+Z"H/^%`^!/^$7_L/_A"?"/]B_:OMWV#^Q[?[+]H
MV;/.\O9M\S9\N[&<<9Q4".MHKDO^%`^!/^$7_L/_`(0GPC_8OVK[=]@_L>W^
MR_:-FSSO+V;?,V?+NQG'&<5/>?!;P;J'@^T\/7'A+PS/H%A*9[;3)-+@:SMY
M"7)=(BNQ6)D?D`'YV]30!TU%<EJ'P!\":MH>G:7=^"?"-UIFD>9]AM)='MW@
MLO,;=)Y2%-J;V`+;0,D9.:-0^`/@35M#T[2[OP3X1NM,TCS/L-I+H]N\%EYC
M;I/*0IM3>P!;:!DC)S0!UM%<EJ'P!\":MH>G:7=^"?"-UIFD>9]AM)='MW@L
MO,;=)Y2%-J;V`+;0,D9.:G\1?!;P;XOTO3+'5O"7AG5++18O(T^WN]+@GBL(
M\*NR)64B-<(@PN!A%]!0!TU%<EKWP!\">*?L7]J>"?".I?V;:I8VGVK1[>;[
M+;IG9#'N0[(UR<*,`9.!1KWP!\">*?L7]J>"?".I?V;:I8VGVK1[>;[+;IG9
M#'N0[(UR<*,`9.!0!UM%<SXS^"W@WXC:I'?>(?"7AG7KV*(0)<:CI<%U*D8)
M8(&=20H+,<=,L?6H/$_P!\">-M<GU36O!/A'5]3NMOG7=[H]O<3R[5"KN=T+
M'"J`,G@`#M0!UM%<SJ7P6\&ZSXP7Q#>>$O#-WKZ2QSKJ<VEP27BR1A1&XE*[
M]R!5VG.1M&,8%&I?!;P;K/C!?$-YX2\,W>OI+'.NIS:7!)>+)&%$;B4KOW(%
M7:<Y&T8Q@4`=-17)?\*!\"?\)1_;G_"$^$?[:^U?;OM_]CV_VK[1OW^=YFS=
MYF_YMV<YYSFC_A0/@3_A*/[<_P"$)\(_VU]J^W?;_P"Q[?[5]HW[_.\S9N\S
M?\V[.<\YS0!UM%<SIOP6\&Z-XP;Q#9^$O#-IK[RR3MJ<.EP1WC22!A(YE"[]
MSAFW'.3N.<Y-&F_!;P;HWC!O$-GX2\,VFOO+).VIPZ7!'>-)(&$CF4+OW.&;
M<<Y.XYSDT`=-17)>&/@#X$\$ZY!JFB^"?".D:G:[O)N[+1[>WGBW*5;:Z(&&
M58@X/()'>I_!GP6\&_#G5)+[P]X2\,Z#>RQ&![C3M+@M97C)#%"R*"5)53CI
ME1Z4`=-17):#\`?`GA;[;_9?@GPCIO\`:5J]C=_9='MX?M5N^-\,FU!OC;`R
MIR#@9%3^#/@MX-^'.J27WA[PEX9T&]EB,#W&G:7!:RO&2&*%D4$J2JG'3*CT
MH`Z:BBB@`KS_`/YNG_[E3_V\KT"O/_\`FZ?_`+E3_P!O*`/0****`//_`(B?
M\EV^'/\`W$__`$G6O0*\_P#B)_R7;X<_]Q/_`-)UKT"@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
MO/\`X_?\R5_V-=C_`.U*]`KS_P"/W_,E?]C78_\`M2@`^(G_`"7;X<_]Q/\`
M])UKL?%?A32O'?AC4=$US3-/UG1=7MY+.^L+ZW2YM;V"12KQ2QN"KHRD@JP(
M()!%<=\1/^2[?#G_`+B?_I.M>@4FDU9CC)IW1Y_\/?V3/A7\(_AMK'@SPI\,
M_A]X8\'^(C(=5T/2?#MG9:;J?F1B*3S[>*-8Y=\8"-O4Y4`'(&*3QI^R7\*O
MB39W%MXB^&7P^U^WO-3BUJ>+4?#MG=)-?Q0I!%=L)(R&G2*..-9#\ZHBJ"``
M*]!HJW-O5OM^%K?=96]$">ENFOX[_?U[G(Z?^S]X"TGXL3>/;3P1X0M?'5S9
MKITOB*+1[=-6EME`Q`UT$\TQ#`PA;:,#CBNNHHI7T2[?\.3;J%%%%(84444`
M%%%%`!61XX\?Z%\,O#LNK^(M8TW0]+@(5[J^N$@B5CT7<Q`R3P!U-:Y(4$D@
M`5^=7QIU^[_X*E_MJ6'@'0KF4?#'P%(T^HWL#'R[HJP664'[I9S^ZBZ\;W&0
M6`QK5>1*VK>QM1I<[=]$MSZ'UK_@K!\#]'\5VVE+XJGO1/+Y4EY;:?.UI;'^
M\SE1E?=`PKZ-BE6:-71E='`964Y#`]Q7RG^TK_P3`^'FJ_LT:]HW@/PCIVD^
M);2'[;IETF^6ZGFB!;R3+(S.5D7<F"V,LI_A%6?^"3G[2[?'']G2+0-3G9_$
M?@0IIMR)#^\EML'[/(<\_=4QGOF+)ZUG3JS4^2K;7:WY&E2E!T^>G?3>Y]24
M445U'*%?#O\`P54_:`UCQWXBT7X!^`Q)>^(O%,L1U80-@I&QS';L1]T,!YDA
M.`(U7/RL:^N/CA\4+;X*_!_Q+XLNU5X?#^G37@C/'G.JG9']6?:H]VKY(_X)
M(_!"Z\;-K_QV\6S'4_$WBV\N(K":09\J/>5GE7/0LX,8`X5(R!PV!RXAN35*
M/7?T.K#I13JRZ;>IK?\`!%[XM3Z_\"]=\"ZDSQZIX%U)E6&3(>*WG+,%P>ZS
M+.#CIE1]?LNO@'0?^,0O^"Q%Y9$_9O#WQ8A+QC.$,ER=X..F[[9$Z#T$OO@_
M?U/"M\G(]XZ"Q2]_G6TM0HHHKI.8****`"BBB@`HHHH`*\_^(G_)=OAS_P!Q
M/_TG6O0*\_\`B)_R7;X<_P#<3_\`2=:`#_FZ?_N5/_;RO0*\_P#^;I_^Y4_]
MO*]`H`****`"BBB@`HHHH`****`"BBL?X@^/=*^%W@G5/$6N7<=CI&C6SW5U
M,W.Q%&>!U+'H`.22`.32;MJQI7T19\4>*M,\$Z#<ZKK.H66E:;9H9)[J[F6&
M&%1W9F(`KP?3/^"JGP+U+Q!-IW_":"W:.0QK/-IUTEO,1W5_+P!UY;`...HS
M\O\`PM^%/C/_`(*Z?$W6_%WB[7=8\/?##2;TP:=IMN<A\`XBB!^02*I4R3,K
M$EL`8X3ZTC_X)J_!`>$;;1I/A_I4UO;+M\\RS)>2'NSSJXD8D_[6!V`'%<L:
MM6I[U-)+SZG5*E2I^[4;;\NAZO\`#SXG>'?BUX>75O#&MZ9KVFLYC^T6-PLR
M*XP2A*GY6`(X.#R*W*_.GXO?L]>.O^"6_P`2;CXC_"N2YUOX=7C+_;.D3L7^
MR1;A^[EZED&3LG`W)DAL@DO]K_LT?M'>'_VIOA19>*_#SR+!.3#=6LN/.L9U
M`WQ/CN,@@C@JP/>M*59R?)-6DOZNB*M'E7/!WB_ZLSOZ***W.<*^:;'_`(*C
M>`;K]JNX^&3I/##'<?V=%KS3)]CEO0<-#CJ%W?(),D%^,!<,9O\`@IE^UP?V
M9/@9)9:1<%/&7BT/8Z4(R?,MEP!+<C'=`P"_[;J>0#7B/@[_`()`VGB#]B:.
MTOD2R^*M^?[9BNYN!;2%!ML)"/\`EF5X8\E9&+#(7:>2M5GS<E+=:O\`R^9U
MT:4.7GJZ7T7^?R/OZBOD?_@F1^U]K'Q&L]2^%OCY+JU\?^"4,9:[)$]]!&P0
MA\\F6,X#'^)2K<G<:^N*WI5%.*DC"K3<).+"BBBM#,****`$9PBEF(55&23P
M!7B/[-'[<WA_]J?XK^,O#GAS3KYM/\)!=NKLP:WU#,CIE`!\JG9N4DY9<G`P
M:\U_X*N?M477PV^'EG\-_"SS3^-/B!BU$=L<S6]H[>6<`?QS-F)1UQO/!`KU
M?]AK]EFU_9+^`NG:`5BEUR\_TW6;A#D373`94'NB`!%]0N>K&N=U'*KR1V6_
M^1T>S4:7/+=[?YGL5%%%=!SA7G__`#=/_P!RI_[>5Z!7G_\`S=/_`-RI_P"W
ME`'H%%%%`'G_`,1/^2[?#G_N)_\`I.M>@5Y_\1/^2[?#G_N)_P#I.M>@4`?)
M?_!13]H[PW^SW^T!^SO)KOQ@L_`,>K^,_L]WHEYXCM=*M-5L?L%Z'FF1RLDT
M:SFU3YF,0=XOEWLIKRS_`(*:?M)Z-=>,+AK3XL:QX>L;3P1K$W@)O"_BJ>PA
M\0^-+6[\A=/)M)`M_=12*D8T^3S%<O,'A<H=OZ#T4H*W+=O24GIYQY5WUB_>
M3UM))I:&KJ>\I66BBK=^6;D[^4K\K76-T[W/SI_X)_?&[Q!X]_::\,QZIXV\
M4:K\4[W4/%$/Q4\(W.O7=S9>%;>"=UTLC37D,&GJ56`0R1QQFY25W)FY=?T6
MHHK2<U*UE;R6WR[+RN_4YH0<;W;=WUW^;TO]R]#F=2U7QE%XP6"ST'PS/H!E
MC#7DVO3Q7@C(7S&%N+-D+*=VU?.`;`RRY.(/[9\>?\)1Y/\`PC?A'^Q?M6S[
M5_PDEQ]J^S[\>9Y'V';YFSGR_-QGC?CYJ\)_X*A_M'>.OV7?!O@CQ-X1N;>'
M3QKGD:K%)`LGVP&)F2$E@=J,J2Y(PV0A!&.?I?P[KUKXJ\/V&J6,@FLM2MX[
MJWD'1XW4,I_$$5A&HG)PZHZ)4VHJ?1F+INJ^,I?&#07F@^&8-`$L@6\AUZ>6
M\,8#>6QMS9J@9CMW+YQ"Y.&;`R:;JOC*7Q@T%YH/AF#0!+(%O(=>GEO#&`WE
ML;<V:H&8[=R^<0N3AFP,]-16AF<EX8UGQY=ZY!'K7AOPC8:8V[SI[+Q)<7D\
M?RG;MB>QB5LM@',BX!)YQ@S^#-5\97VJ2)XAT'PSI=D(B4ET[7I[^5I,C"E'
MLX0%QN.[<2"`-ISD=-10!R6@ZSX\N/MO]J>&_"-GY=J[VGV7Q)<7/GW`QLCD
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M*Y"#<JR'#,=OR@-\5V_[,O[8WPGTT:CH_P`4;+Q#,T9GFLKG4&O9`_5HU%U"
M4([##+Z``8->W?\`!-G]L:^_:V^$FH-XA%G%XM\-W?V74$@3RA-&PS%-LR=I
M;#J0.-T9(`S@33Q%Y*,DTWW*GA[1<HM-+L>OZ?K/CR30]1DN_#?A&#4XO+^P
MP1>)+B6"YRW[SS938JT6U<%=L<FX\'9UHT_6?'DFAZC)=^&_",&IQ>7]A@B\
M27$L%SEOWGFRFQ5HMJX*[8Y-QX.SK76T5T'.<S9ZKXR?P?=SW&@^&8M?24"V
MLX]>GDLY8\IEGN#9AT;!?Y1"P^5?F&X[?DG]NG]K;XNZ!\4/`_PO\&+H?AOQ
MMXDG\Z8Z=>?VHODR.(X`9)[:,1@LL[./+)"HAW8)%?;E?`/[%O\`QEE_P4P^
M(GQ1D/VG1?"(>TTI\Y0%@;:W9>V#!',YQT9\]\US8F3TA%V;?X=3IPT5[TY*
MZ2_'H8GQ3_:/_:K_`&*-1T#Q%\1]4T/Q)X9OKT6DMLEO9K'*<%C&9(84DC<H
MKE6Y&5)(;&#]UV7BSQ3KOPXTK5M+T;PM>ZIJ(69K<Z].EB(&#,DD=P+-G<E?
M+.TPJ/F;YCM&[E/VX?@,/VC_`-F/Q1X:BB$NIFW^VZ9@987</SQJ/3?@QD^D
MAKS#_@D-\>&^+7[+$&A7DQDU;P)/_94@;[YMB-UNQ]`%W1C_`*XU-.].I[-M
MM-:7_$JI:I2]HDDT[.WX'O>H:SX\CT/3I+3PWX1GU.7S/MT$OB2XB@ML-^[\
MJ46+-+N7);=''M/`W]:-0UGQY'H>G26GAOPC/J<OF?;H)?$EQ%!;8;]WY4HL
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M<P*XVG=N!))&T8R="SO=>?QA=P7&FZ1%H"1`VUY'J4DEY+)A,J]N8`B+DO\`
M,)F/RK\HW';K44`%>?\`Q^_YDK_L:['_`-J5Z!7G_P`?O^9*_P"QKL?_`&I0
M`?$3_DNWPY_[B?\`Z3K7H%>?_$3_`)+M\.?^XG_Z3K7H%`!1110`4444`8FK
M_#^PUO49+J>XUM)9<96WUF\MXQ@`<)'*JC@=@,G)ZDU+=^"K.\UP:B\VKK<*
MZR;(]5NHX,KC'[E9!'C@9&W!YR#DYUJ*`,F[\%6=YK@U%YM76X5UDV1ZK=1P
M97&/W*R"/'`R-N#SD')S%_PK^P_MC[=]HUOS_.\_;_;-YY.[=NQY7F[-N?X-
MNW'&,<5MT4`9-IX*L[/7#J*3:NUPSM)LDU6ZD@RV<_N6D,>.3@;<#C`&!@M/
M!5G9ZX=12;5VN&=I-DFJW4D&6SG]RTACQR<#;@<8`P,:U)+*L,;.[*B("S,Q
MP%`[F@#X^_X*D_%^']G'X+6^C>';[7_^$M\;O)I]J&UF]N##;;=L\@1Y64L0
MZQKD9!DW+@H"/1?V"/V,]._98^#NDK.EVOBS48EO-:D6\E6)YV0XB,8;RV6)
M6*@E3SEA@GCYV^!T3?\`!0__`(*.ZMX]N5:Y\`_#,I'I2L,Q3NC-]G(_WY!)
M<'N`J*>,5^@U<E%>TFZKVV7ZOYG76?LX*DM]W^B,G0?!5GX;O&GMYM7D=T,9
M%UJMU=IC(/"RR,H/'4#/49Y-?`GQ$\*+^P/_`,%,-#U'3Y+FV\#?%A3:7:"Y
MEW1&=UCG_>;MX9)VCF#@[@'P#7Z(U\@_\%H/A._C3]EZS\36R-]M\%:G'<EU
M!++;S$0N!CI\YA;/HGXBL5'W.=;QU)PDO?Y'M+0^H]-^']AI7VCRKC6W^TPM
M`_G:S>385L9*[Y3L;CAUPP[$5+I?@JST>SNX(9M7=+U/+D,^JW4[J,$?(SR%
MHS\QY0@]#G@8YK]F+XL+\<OV?/!_BP.CS:SID4MSL.56X`V3+_P&57'X5W==
M$9)I-'/)-.S/AW_@L)XI3P/\&=!^'^ARZI=ZK\0=4C\RWN-0N+UY(+=@511*
M[;2T\D.,8W;#UQQ]0_`_]G_3/@]\%M&\)03:H8[+3[>VN'34[E"TD8!=XR)!
MY6YRS$1[0<X((XKY"NB/VO\`_@L3'%D77AWX3PY(W%D\RU.3[!A>2@'U$7M@
M??U<U#WJDJGR7R_X)TU_=IQI_-_/_@'P_P#\%A/@8^D_!OPSX]T"34QJ/@C5
M@TEQ+?3W$T$4Y0+())&9@$FCAP`0`9&(Y)KZ*_9O^(7A+]ICX'Z9K>@ZGJMQ
M:W++)>1+K5X+FQN@@$D#N9?,4*3PI;:00P!R&/INL:/:>(=*N;#4+6WOK&\C
M:&>WGC$D4R,,%64\$$<$&OSP_:"^"OB[_@EK\5S\3OAC)->?#G5+E(]7T:61
MFBMMS$"&3J?+)8B*7ED8A3G/SJI>E-U=T]_+S'3M5@J3T:V_R/OW_A7]A_8_
MV'[1K?D>=Y^[^V;SSMVW;CS?-W[<?P;MN><9YH_X5_8?V/\`8?M&M^1YWG[O
M[9O/.W;=N/-\W?MQ_!NVYYQGFJ?P:^+FB_';X9:/XK\/W(N=+UB`2Q]-\3='
MC<=G1@5(]5-=/74G=71RM-.S,F?P59W&APZ<TVKBWMW\Q775;I)R?F^],)!(
MP^8\,Q'3C@8BNOA_87>G6MJ]QK:Q6>_RV36;Q)&W')WNLH9^>F\G:.!@5MT4
MQ&)=?#^PN].M;5[C6UBL]_ELFLWB2-N.3O=90S\]-Y.T<#`J75/!5GK%G:03
M3:NB62>7&8-5NH'88`^=DD#2'Y1RY)ZG/)SK44`1V=JEA9PP1F5DA01J9)&D
M<@#`W,Q+,?4DDGJ2:DHHH`*\_P#B)_R7;X<_]Q/_`-)UKT"O/_B)_P`EV^'/
M_<3_`/2=:`#_`)NG_P"Y4_\`;RO0*\__`.;I_P#N5/\`V\KT"@#QOQC\<O%_
MAC]M_P`"^`#I_AL>#/%WA_6-2^U>9/)JAN+)K(`8PL4<>+IAC]X6V@Y3&#Y%
M^UQ^WAX^^`WQ!\;:OH]IX1E^'GPEN?#]KXCL+S3[F?6]<.JSI&6LYTN$BMA`
MDL;`203^<V],Q8W'W#QY^QUX'^)/Q_\`#_Q/U5?&)\8>%H3;Z9-:>,]9L;&W
MC9E9T-C!=):.LA1/,#PL)1&@?<$4#)U7_@GY\*-?\?:-XGU+0=7U76=$BMHD
MEO\`Q+JEW'J'V:1Y+5[Z*2X:._D@D=FBDNUE>)CE&4@8E*7+'6S3=^NEVUVO
MH[6Z;IW2-%*'-JKK33:_=7Z>JN_(X3]A_P#:S^(?QE\7Z)8^/8_!;V_CWP+:
M_$'0E\/V%S:OI%M-*J&QN7FN)A<RHLL)^T1K"K'>/)3`)^D_$_BK2_!.ASZI
MK6I6&D:9:[?.N[VX2W@BW,%7<[D*,LP`R>20.]>??L\_L9_#C]E6YU";P-H-
MSI4FHQ);'[3J][J(L[9&9H[2U%S-(+2T1G8I;6_EPH6.U!7J%;U90?P*V_W<
MS:7G:-HWW=KO5G/",TY.3O>W2WV4GIK:\DY6V5[+1',V?QI\&ZAX/N_$-OXM
M\,SZ!82B"YU./5(&L[>0E`$>4-L5B9$X)!^=?45!_P`+^\"?\(O_`&Y_PFWA
M'^Q?M7V'[?\`VQ;_`&7[1LW^3YF_;YFSYMN<XYQBNMHK(T.2_P"%_>!/^$7_
M`+<_X3;PC_8OVK[#]O\`[8M_LOVC9O\`)\S?M\S9\VW.<<XQ4]Y\:?!NG^#[
M3Q#<>+?#,&@7\I@MM3DU2!;.XD!<%$E+;&8&-^`2?D;T-=-10!R6H?'[P)I.
MAZ=JEWXV\(VNF:OYGV&[EUBW2"]\MMLGE.7VOL8@-M)P3@XKX2_X*(?M.V7[
M67QH\/?!OPKXLT/3_""W,<^N:])?Q)82/C?CS2P1TA3YL;OGE(7[R`U];?MV
M?M1V_P"R?^S]J>O(\3:]?9L-%@;!\RZ=3AR.Z1@%SV.T+D%A7F/_``2@_9<N
M/A/\);CQYXC267QC\0<7DDMP2T\-HQWHK$\[I"?-;N=R`\K7)7;G)45\_3_@
MG702A%UGZ+U_X![%\-?%7PJ_9\^#OAC2=)\6>$=+\+K`\&E7$VL6ZQ7_`)38
MF=9"X65_,)+E<X9CG'2NJ\1?&GP;X0TO3+[5O%OAG2[+6HO/T^XN]4@@BOX\
M*V^)F8"1<.ARN1AU]17345U)65D<K;;NSC/%OQN^'FEV$-KKOB_P;;6NMV*W
M,45]JMM&E_:2@A9%#OB2)P&`895L'K7P7\/O&EK_`,$Q?VWVTB+5K:\^$7Q*
M@BU"TEBNEFCM;:5F\BXR"<B-MR;\X>([OF(`'Z3UYE^U=^ROX>_:Y^%S^&M>
M>>T:*9;JRO[=5,]E*.-R[A@JRDJRGJ#V(!&->DY)2C\2V_R-J%51;C+X7O\`
MY_(Z;Q?\;?!GP^U"*SU_Q=X8T.[GA%Q%#J&J06TDD1)`D"NP)4E6`(XRI]*R
M_B9^TY\/OA#%JJ^(/&/AS3[W1X#/<V#ZC"+X#8)`H@+;R[*054#+;ACJ*^2E
M_P""4OQ4^'!4^!OCUK=G%$P,4$ANK)%`;.T^5,ZL/;;@^E8_CC_@GY^TW\7[
M"T\+>,_B?HFL>$I;N*6Z;[;-*ZJA.'VM`C.P!R%+8+;23QN&<J]1+X'?Y&D:
M%-OXU;YG.?LJZ[I?[='[;EU\4OB%KV@:7IVC7D5KX8\/WNI0QW%S*&_T:&.)
MFW.$+!V(&'E<``C<H_074OC3X-T;Q@OAZ\\6^&;37WEC@73)M4@CO&DD"F-!
M$6W[G#+M&,G<,9R*F^%?PQT;X,_#S2?"_A^T2RTC1H!!!&.2>[.Q[NS$LQ/)
M9B>]=!6M"ER1UU;W]3*O5YY::);'YS?\%&M=T;X!?M7^%_C+X!\1^';S7["^
M^P>(])M-2ADN?-B!C821*2ZAX@\,A(&TJG\1K[5\`_M9_#7XDZ=HTVE^./"L
MEQKJ0FULGU6!+QGE`VQ&$OO$N6"[,;MW&,UO?&7X4:5\<?A=KGA+6HA)IVN6
MK6TAP"T3'E)%S_$CA77W45\3?\$^/COJO['OQ=O_`-GWXEC["IO6;P_?.V("
M\IR(U8\&*8_,A[2,RGEL+E?V57^[+\_^":I>UI:?%'\O^`?;.F_&GP;K/C!O
M#UGXM\,W>OI+)`VF0ZI!)>+)&&,B&(-OW(%;<,9&TYQ@U7D_:!\!0^()M)?Q
MOX035;:62&6S.L6XN(I(\[T:/?N#+M;((R-ISTK/_:)_:6\)?LO>`IM?\5ZB
MEM'@K:VD>&NM0D`XCB3JQZ9/"KG+$#FOASPY\-/B3_P5Y\<_\)'XHN;KP;\)
MM,ED73+>'DS,-R@Q*>)9!T>9AM'*J.H&E6OROEBKR[?YF=*AS+FD[1[_`.1]
MZ>&/C_X#\;ZW!IFB^-O".KZE=;O)M++6+>XGFVJ6;:B.6.%4DX'`!/:N>\;?
MMC_#3P9X#US7T\9^&=8AT&S:]FMM-U6WNKAU#*BJJ(Y.6D=$!/&YU&>:^/-)
MT?\`:2_X)M:J=%T/3+KXL>`)R8]/C@M)KH6S'[H"1[IK<YQE/FB.[@[CD-\<
M?"3]IC_@H3K&@Z1X_P!`LO`G@6VOENKH0[;8A>A;RGDDE>14W!00%#.<X[9/
M%.UE%\W;_@]C5857NY+E[_\``[A_P3LM[']I?]H[Q=\=?B'KVA)J>EB:YTW3
M)M0B#:;"BA7N6C+`I;P1LL:NP`W,6)W`$_=O@SXT^#?B-JDECX>\6^&=>O8H
MC.]OIVJ074J1@A2Y5&)"@LHSTRP]:TO!/@S3/AWX1TW0=&M(K'2M(MTM;6",
M?+'&@P![GU)Y)R3R:U*VH4O9QMUZ^IA6J\\K].GH%%%%;&05Y_\`\W3_`/<J
M?^WE>@5Y_P#\W3_]RI_[>4`>@4444`>?_$3_`)+M\.?^XG_Z3K7H%>?_`!$_
MY+M\.?\`N)_^DZUZ!0`4444`%%%%`'B7_!1;X4GXP?L<>-M.CC,EYI]E_:UK
MM&6\RV(F(`]6173_`('6#_P2K^*X^*?[%WAE9)5EO/#+2:'<8_A\D@Q#_OP\
M-?1%U;1WMM)#,BR13*4=&&0RD8(/L17P=_P2KNI/@7^T]\8?@_=O(J6-VU[I
MZ/\`Q)!*8BX/J\4MNV#SA?K7+4]VM&7?3]4=5/WJ,H]M?T9]Z4445U'*%<C\
M>?C%IOP!^$'B#QAJS`V>AVC3^7N"FXD^['$I/\3N50>[5UU?`W_!3WQYJ7[2
MW[0O@K]G[PK<$R37<=YK4B?,L4C*60.`>D4&^9@>N].ZUC7J\D&UOT]3:A3Y
MYI/;KZ'/?L3?L+1?MPV>H?%[XOWNLZH=>U"4V-BERT,=U&K89BP^=8@^]$1&
M7`CZXQ7WW\./A9X;^$/AR/2/"^B:;H6FQG/D6<"Q*S?WFQRS?[39)]:L^`O!
M.G_#;P3I'A[281;Z;HMI%96R=Q'&H49]20,D]R2:UJ5"A&FMM>K'7KRJ/RZ(
M*_/G5\_L#?\`!52&\!-MX)^+0Q*3E8H7N),-SG`,=R`V?X8YB/>OT&KY@_X*
MR_L]M\:_V6[O5K&$OK?@9SK%L5'SO`%Q<I]/+`DXY)A6EB8-QYH[QU*PTDI<
MLMI:'T_17C/[`?[0H_:4_9?\.Z[/.)]8LH_[,U;G+"ZA`#,WNZ%)/^VE>S$A
M022`!6T)J45)=3"<'&3B^AY+^W/\9_\`A0G[*OC'Q#%,8;\6365@0<,+F<^5
M&P]2I??]$-><_P#!(KX.CX7?L?:9J,\)BU#QC<R:O+N'S"(GRX1G^Z8T#C_K
MH:\+_:6^(&K_`/!3_P#:>LOA1X)N6C^'WA6Y-UJVK1KNCE=,H\X/1E&YHX@.
M'9BW*X*_H-X8\.6?@[PUIVD:="MOI^E6T=G;1#I'%&@1%_!0!7-3?M*KFMEH
MO7J=-1>SI*#W>K].A>K\]_"-_!^P3_P55U?2KN5=.\$_%"+SXF<A8(6G<O&?
M0!+E98ASA4DR:_0BO#/V^/V-[#]K_P"#TME$EO;^*]&5[C1+UQC;)CYH';J(
MY,`'T(5L';@WB*;:4H[K7_@$8>HDW&6ST_X)[G3+JZBL;:6>>2.&&%2\DCL%
M5%`R6)/``'.37PC^R/\`\%1]*^%?P@U/PO\`&*;4[#Q;X%D^P(IMGFN]4525
M$9'03(5*L7*J1M);)-<EXR^,WQ;_`."KNOQ^%_!6CWW@CX8"4C4=2G+%+A0>
M?.D&T2'&,6\9/)RQ(&Y8>+@XKEU;Z=2UA)\SYM$NO];GUA\.?^"B?PC^*OQ3
M;P?HWBJ&75FE:"V>6%X;:^D!QLAE8!7)/W>?G_AW9&?;J^0/B9_P1Q^'FN?!
M&RT'PR]QHWBG25:2#79G,DE_*1R+A1P4)`QL`*8XSE@WFWPM_P""@7Q(_8CU
MBW\"?'CPUK&I6%L_DV>OQGS)Y(A@!@Y^2Z0#!W;A(.0VYN`*O.#_`'RM?JMO
MF#H0FKT7?R>_R/T(JGXB\16/A'0+W5=4NX+#3=.@>YNKF9PD<$:*69V)Z``$
MURGPE_:2\!_'32X+OPIXJT;6!<+N$$=PJW,?L\+8D0^S*#7R%_P46^..M_M.
M?&?2OV>?AU-YTEU<I_PD=U'DQQLIW>4[#I'$H\R3&<L%7JI4ZU:\8PYEK?;S
M,J5%RGRO3OY(E^)__!43QC\??%TG@W]GGPI?:K>O\KZW=6H8Q*>/,2)_W<2`
M_P#+2<X[%!7V/\%;3Q38_"K0XO&UW:7WBQ;8'4YK9%2%IB22%"@#`!`R`,XS
M5+]G[X#Z#^S?\+-*\*^'[:..VT^%5FN#&JS7TO\`'-(1U=FR?88`P`!7:TJ5
M.:]Z;NW]R'5J0?NP5DOO85Y_\?O^9*_[&NQ_]J5Z!7G_`,?O^9*_[&NQ_P#:
ME;F`?$3_`)+M\.?^XG_Z3K71?%/5+#1/AKK][JOB0>#M,M+"::[UTW$%N-'B
M5"7N3).K0H(U!;=(I48R1BN=^(G_`"7;X<_]Q/\`])UKT"IFKII%1:339^6'
MC']KSPS\2?\`@DCX=U72?COX7O\`QC9ZEJ]A::Y<_'"\\/:D+R.2Z:(1FR=C
MJUXD3VKQZ=<%8I5DCRRJ5SZ]^VA^T[X6U[4OAA8^*/BEK7@;P)+HFIG7[W3_
M`!//X;U*U\2BQL+G3--O9;25)(+EX;B>9;-G'G,J+LD4A6^\:*<US*2[ZKR=
MK7]=;I]&HWNE8*,N3DND^5->M^_DK6MMJ[6NS\M_V'_V@/'7CCXT?"S_`(37
MQOXR'Q_O?$D=EXQ\"SZU=I:6'AK_`(1]IA=OH^_[/%&;KR'^V^4',\C0^:1^
MZ'ZD445O5JJ:5E:W^26GK:[_`+S;ZF-.#BE=WTM^+>OI?E7]V,5T.2\3ZSX\
MM-<GCT7PWX1O],7;Y,][XDN+.>3Y1NW1)8RJN&R!B1L@`\9P)]2U7QE%XP6"
MST'PS/H!EC#7DVO3Q7@C(7S&%N+-D+*=VU?.`;`RRY..FHK$T.9U+5?&47C!
M8+/0?#,^@&6,->3:]/%>",A?,86XLV0LIW;5\X!L#++DX@_MGQY_PE'D_P#"
M-^$?[%^U;/M7_"27'VK[/OQYGD?8=OF;.?+\W&>-^/FKK:*`.9TW5?&4OC!H
M+S0?#,&@"60+>0Z]/+>&,!O+8VYLU0,QV[E\XA<G#-@9\/\`^"AOQ?\`&GPR
M_9?\=W$^C>'+/2KV!]*MKZVU^>2^*W#^2CB`VB('*ME@)OE&[#/@!OI:OA[_
M`(+9>*+C5_!/P[\`Z>6>_P#%.MFX6,$@/Y2B%%;V+W(X]5SVK#$SY:4FC?#0
MYJL4=S_P2O\`AUXC^%_[,OA:)O#WAR'2?$@DUF[U)-8F-_-YH)A8VWV79]P0
MICS^%!;K\M>]^&-9\>7>N01ZUX;\(V&F-N\Z>R\27%Y/'\IV[8GL8E;+8!S(
MN`2><8.UX*\*VW@7P=I&AV2[;/1K*&Q@&,8CB0(OZ**TZTIPY8J/8SJ3YI.7
M<YGP9JOC*^U21/$.@^&=+LA$2DNG:]/?RM)D84H]G"`N-QW;B00!M.<CE/B)
MX/\`&/QJ^%7B_P`*^(O#OA*PM==T6ZM+>2T\17%VQN73;$&#V,>Q03NWC>5*
MCY&SQZC15-75F2G9W1\,?\$:_BIXBF^%/C'P#)I^G27?@BYEF@CO+^2WF268
MG;;L@A<+%YL<Y:4,S(6`\MLYKVS]J7]K#7?V7O@%KWB/Q-I/AO3=9E"V7AZW
ML-8EU'[9=N'YD$EM!M2,`.<;MP##Y3C=\X?$?P-\7/V(_P!MWQOXY^'OP_U#
MQEX8\9(9VAM+>6YC)F>.64%(<NDBS"3;P1M?/3(&?H?@OXD?\%,OVJ_#=]\1
M?!&K^#?`G@VW\RXL;NUGA@G;=N:-3*JEWF8(K`?=CC]<;O/A5E&'LDGS;+_/
M[CT)THRG[5M<N[_R^\]+_P""6/P`\9?"OX.>(O'E_I>EW_BCXAFWU"R_M#5)
M;9YK<N[$SE;>0Q%@YE#*)-^]`1'MR?J+3]9\>2:'J,EWX;\(P:G%Y?V&"+Q)
M<2P7.6_>>;*;%6BVK@KMCDW'@[.M=9%$L,:HBJB(`JJHP%`["EKMI4U"*BNA
MQ5:CG)R?4YFSU7QD_@^[GN-!\,Q:^DH%M9QZ]/)9RQY3+/<&S#HV"_RB%A\J
M_,-QVXOC/1_%/Q!^%FHZ1K/A#P9?S:LSV=UILOB*X-G+9M'R_G_8=XDW<!!%
M@##"3/RUZ!15M$)GYA_"WXL>-/\`@DC\:=5\%^)].LM1\'^)A]OL2VHS?9(&
M)P)EG6V9V95`CD40`DJC8`QGVCXG_P#!9#PUX9^$2ZCH%OH/B#Q9>7;6T&FV
M=[>M#;1>42+B5Y[.!B1)A?*"C<#D2=0/K3XA_";PM\6].AL_%/AW1/$5M;.9
M(8]1LH[E86(P63>#M)'&1@XKS[PO^P#\'/!?CJS\2:9X"TBUU>P826\@>5HH
M7!R'$3.8PP(!#;<CL17(J-6"<:;5O/='6ZU*;YJB=_+9GPM>67[2G[.YL/VB
M->GN[Y]2G(U?2KEVS!9L5$:SP#"Q1MG"A1F(A"<$XK[D^!/[4&K?M,_!G1/%
MO@O1?"MY+>-+%JEC>>(I[=M)E5AMBW+9.7<J=S91`,C:9%(:O7]4TNVUS3;B
MRO;>"[L[N-H9X)D#QS(PPRLIX(()!!ZU^>?QI_9^\=?\$P?BA<_$SX6-<:O\
M.[V4-K6C2'<EI'O_`-5(!DF,;CY<P&Z/.&R"=ZY94/>5W'KW7G_F/FC7]UV4
MNG9^7^1]S:AK/CR/0].DM/#?A&?4Y?,^W02^)+B*"VPW[ORI18LTNY<EMT<>
MT\#?UJ?Q%JOC*VTO3'TG0?#-]>RQ9U"*[UZ>UBM9,+\L3K9R&9<EQN98SA5.
MWYB%^?-/_P""QGP7F\'6.H76I:Q;ZE<0A[C2TTV:2:UDQS&9-HB;GH5;!!'3
MD#SS7O\`@L!XB^*>LRZ3\'/A5K?B2Z4@+<WL<DVS)ZO!;YVK_M-*`.]:RQ=)
M?:OZ:F4<)5?V;>NA]RZ5)=3:7;/?0V]O>O$IN(H)C-%%)@;E1RJ%U!R`Q521
MSM'03UC_``^U/5]:\"Z/>:_I\&DZW=V<4U]90R^:EI,R@O&&P,[22,^W4]:V
M*W3N8-!7G_Q$_P"2[?#G_N)_^DZUZ!7G_P`1/^2[?#G_`+B?_I.M,0?\W3_]
MRI_[>5Z!7G__`#=/_P!RI_[>5Z!0`4444`%%%%`'@O[/'[=VE_'#X_>-OAQ>
MZ+<^&]?\*7=Q':K<3[_[5@BF:,R`%5*/C8VSYN'R"0":]ZKX6_X*E?!75O@[
M\0/#O[0G@9!;ZQX>N(8M:"KE7`.R*9P.JLI\B3GE60<<FL+XV_\`!1_Q3^UX
M='^'7P)TS5K?6/$5JCZKJ)!BFT\,JF2-'_Y9K&6*O.<?['4,>-8GD;C4W6WG
MV.UX;G2E3V>_EW/9OVRO^"HWA#]EV^?0])@C\8>+(GVW%E!<B.WL/432@-A_
M]A03Z[>,^U_L[_''2_VCO@WH7C+2%,5MK$&^2W9P[VDRDK)"QP,E'##.!D`'
M&"*\;_94_P""87@?X#>"[M/$%K;>+O%&MVDEKJ5_=)OCC25"DL4"M]Q2&8%S
M\[`G)`.T?+7PE^/^I_\`!+'X@?%GX::T;B]LFMY-0\,S-&626[,>+>0@#&V5
M"@<]%:''K4^VJ0DI5=$_P&J-.<7&EJU^)VWQAMT_;]_X*B:;X-)%]X(^&4;-
MJ,>X-#,T3*UP"/\`;G,4##T0FOT'50BA5`55&``,`5\A?\$=?@7<>"/@1J/C
MK5Q-)KOQ"NS=>;,29#:QLP1B3SEW:5\_Q!D-?7U:X6+Y7.6\M?\`(RQ4ES*$
M=HZ?YA11172<P4444`%%%%`!1110`5\^?\%!?V(;/]K_`.&RR6!@LO&NA*TF
MDWC?*LPZM;2-UV-V/\#8/3<#]!T5%2"G%QELRZ=1PDI1W1\(?`/_`()A^+OB
MKX\B\7_M#:U<>(+C3DCM[/23??:/.2,`+YTB\!.^Q#ER26/)#?=&EZ7:Z'IM
MO965M;V=G:QK%#!!&(XH448"JHP%`'``X%3T5-*C&FK1*JUI5'[W_`"BBBM3
M(****`"BBB@`KS__`)NG_P"Y4_\`;RO0*\__`.;I_P#N5/\`V\H`]`HHHH`\
M_P#B)_R7;X<_]Q/_`-)UKT"O/_B)_P`EV^'/_<3_`/2=:]`H`_/[_@J'\(=6
M^(/QS\0&;P%XE\8ZMJ?@*WL?A1J=AX>N-3M_"GBA;VY::Z:YC1X],E*O8N+J
M8Q*8X)%#GE&S/^"MOPBU/]IZR\/W_@FSU_4_'J:7J6@^'++6?A)K.K6EAJ:W
M*)_:=M?%[6'1+J.2(-%J%PS1R0DM"LRG#?HI15TI\G)_<DY+IO?Y7UM?KIU5
MRJC4IRG9:J*VT]U):]U[J=N[E_-I\&?L&?!B?X+_`+?7C\:7X-\/Z];^(KC6
M]4\0>.KGX1ZEX1UW3[F>^CFCL#K%X?+UNWD9I-C6JJD:VJ,20R5]YT44N;W(
M0_E5OS_+9>6[;NW,M9RGUD[OU>[?F_))>2.9U+2O&4OC!9[/7O#,&@"6,M9S
M:#/+>&,!?,47`O%0,QW;6\DA<C*M@Y^$?VO[O5?V.O\`@I;X2^*FIW-J/#_B
M<A+VYM--E55@4?9Y8G0RMYDJ6YA;>I4%@&$7&UOT4KEOC-\%_#?Q^\`7OAKQ
M3IL.I:7>KT8`26[X(66)NJ2+DX8>XY!(//7IN<;+=:HVH55"6NST94\#ZEXA
M\7W]KKMIXK\(:SX-U'=<6B6.BS+/+`P8Q8NOMC(2,KN;R0&PP"IGY</1?B\L
MWQWE\*S_`!'^'=W=))*P\.V^GO%JXCV.R)YAO6!=%`9L0\JI.U`01\5P_LE_
MM-_LW:OK'PT^&^JW%UX'\1W`DMM9$\<2V*'.YBQ)DMWQC?Y8);:"F33OC+_P
M2AU[]GCX,67CSP9XEU;6OB1X6NO[6OWA7:LR##%K=>6+QD;OF),@+\`X2L'B
M*EKJ&V__``.YNL/3O9SWV_X/8^T?'7C?Q5\"O!6K^+_&'B?PE>^'?#]G+=W5
MO8^'+BSN;@A"(XXY7OI55FD*`90YSCC.X?,7_!(_X4:Y\1/&?B[X[^*'M9;S
MQ7/<VEH&@8R,S2J\LT3;\)&&!B"E2?D(#*`0_E7[1_[<NI?M_?"SX:_#+PY:
M2VGB?Q-J$<?B*)598!,C!8]O4F$DM,?[@C4$G!-?I%\)?AIIWP;^&>A>%=)0
M)I^@V<=G$<`&3:N"[8_B9LL3W+&G"2K55);1_-_Y!.#HTG%[R_)?YE/0=&\>
M6_VW^U/$GA&\\RU=+3[+X;N+;R+@XV22;KZ3S(QSF,;"V1AUQR:#HWCRW^V_
MVIXD\(WGF6KI:?9?#=Q;>1<'&R23=?2>9&.<QC86R,.N.>MHKL.(Y+0=&\>6
M_P!M_M3Q)X1O/,M72T^R^&[BV\BX.-DDFZ^D\R,<YC&PMD8=<<R:/H'BV30M
M7MM<UKPMJ<]W`8K)K;0)[:"!BK`F:-[R0S(25^56C.`PW?,"O4T4`?G3^Q</
M$/[&G[:'C?X)_P!J:=9KXG5+G1+Z\T^6>R:5!YJ,(?/5B)+<RQ_Z[(DC0$MM
M(/9_\%&?VF/'O@G2[7X1Z1K6CZ]XW\>F*`+H6D2Z?/8VSL4,9,EU/EYR0H(V
M[$60G[ZD2_\`!8?X6WWAJU\%_&;PX@AUSP1J$,%S,J`D1>:)+=V]52;Y<=_/
MJM_P3!^`VK_%_P`?:W^T+\0(S<ZWXAN)1H:2IA8U(V/<*#T4*/)C'9%;J"IK
MS5S)O#Q^_LOZT/2]UI8F7W=W_6I[5^QK^QS?_LC_``$NM"TS5=`;Q;JDZ7=S
MJLNDRRQ!L)F)T%PK2A!YBJRO$/F#%,[MWJ']C>//^$7\G_A)/"/]M?:M_P!J
M_P"$;N/LOV?9CR_(^W;O,W\^9YN,<;,_-76T5Z$(**48[(\^<W)N4MV<E_8W
MCS_A%_)_X23PC_;7VK?]J_X1NX^R_9]F/+\C[=N\S?SYGFXQQLS\U3WFE>,G
M\'VD%OKWAF+7TE)N;R309Y+.6/+X5+<7@=&P4^8S,/E;Y1N&WIJ*HD^>?BC^
MP#HOQ9\<Z7XPU:R\`WOC*(,-3O+OP_>2V6IXP(2;1=05`40;29#+O^7[H4*/
M4SX7\::?X6TFRTK7?!EA=6:/'=-_PC$[6LB[AY2PPK?*80J\$%Y-QY&P<5V=
M%3&$4VTMRI3DTDWL<EJ&C>/)-#TZ.T\2>$8-3B\S[=/+X;N)8+G+?N_*B%\K
M1;5R&W22;CR-G2J/Q6^&.L?%#P3::+<W/@F\@EAVZK%K'AJ74+6\DVKAXHA=
MQF$!MY`9I"-RX8%26[NBFT).VQ\-?$__`((A>&O%VL6MYX=\6'PD@MD%U;0Z
M9)=PR7.27DB\RYWQQGC;&6<KCEVSQZ!^RM_P3LU7]D._U+4?#GC+P]J>M:Q&
M(KO4=7\,33SA0Q8I'LOD"(QVE@=Q9E!+8``^I:*QCAJ<9<RCJ;2Q-24>5RT.
M9\9Z5XROM4C?P]KWAG2[(1`/%J.@SW\K29.6#I>0@+C:-NTD$$[CG`T+.SUY
M/&%W/<:EI$N@/$!;6<>FR1WD4F$RSW!G*.N0_P`HA4_,OS':=VM16Y@%>?\`
MQ^_YDK_L:['_`-J5Z!7G_P`?O^9*_P"QKL?_`&I0`?$3_DNWPY_[B?\`Z3K7
MH%>?_$3_`)+M\.?^XG_Z3K7H%`!1110`4444`8FK_$OPYX?U&2SO_$&B6-W#
MCS(+B^BBD3(!&59@1D$'Z$5+=^/]!L-<&ESZWI$.ILZQBTDO(UG+-C:NPG=E
MLC`QSD>M:U%`&3=^/]!L-<&ESZWI$.ILZQBTDO(UG+-C:NPG=ELC`QSD>M1?
M\++\.?VQ_9W_``D&B?VAYWV?[-]NB\[S=VWR]F[.[=QC&<\5MT4`9-IX_P!!
MO]<.EP:WI$VIJ[1FTCO(VG#+G<NP'=E<'(QQ@^E?#7QRU*W_`&AO^"QW@+PY
M%<0W.G>!(HY9E20%$N($EO6^K;_)0J,X*8(&&K[[KX*_X)G,/CA^W!\;/B<Y
M,UO',]C8RXPIBGN&,>/4K#;(#[-[URXG5PAW?Y:G5AM%.?9?GH?;6D?$OPYX
M@U&.SL/$&B7UW-GRX+>^BED?`).%5B3@`GZ`T:1\2_#GB#48[.P\0:)?7<V?
M+@M[Z*61\`DX56).`"?H#6W174<IDZ#X_P!!\57C6^EZWI&I7"(9&BM;R.9U
M4$`L0I)QD@9]Q46F_$OPYK'VC['X@T2[^R0M<3^3?12>3$N-TC8;Y5&1DG@9
MK;HH`Q--^)?AS6/M'V/Q!HEW]DA:XG\F^BD\F)<;I&PWRJ,C)/`S4NE^/]!U
MRSN[BRUO2+RWT]/,NI8+R.1+9<$[G()"C"L<G'W3Z5K44`8EK\2_#E[IUU>0
M^(-$FM+'9]IG2^B:.WWG"[V#87<>!GJ:+7XE^'+W3KJ\A\0:)-:6.S[3.E]$
MT=OO.%WL&PNX\#/4UMT4`9,'C_0;K0YM4BUO2)-,MG\N6[6\C:")OE^5G!V@
M_,O!/\0]147_``LOPY_8_P#:/_"0:)_9_G?9_M/VZ+R?-V[O+W[L;MO.,YQS
M6W10!B?\++\.?V/_`&C_`,)!HG]G^=]G^T_;HO)\W;N\O?NQNV\XSG'-'_"R
M_#G]C_VC_P`)!HG]G^=]G^T_;HO)\W;N\O?NQNV\XSG'-;=%`&3/X_T&UT.'
M5)=;TB/3+E_+BNVO(U@E;YOE5R=I/RMP#_"?0U!J/Q$\,)H\$]WKN@C3]25U
MADFO8A#=!3M<*2<.`3@XSC.#6[10!X;I_P"S!^SSX46'55\*_#6.'4G=[>:Z
M2WF@F*G#^6)"4PIX(7A3Z5ZA;:[X2^'6A6,<-YX<T+3+Q/-LU26&U@G7"G=&
M`0K#!7E>Q'J*Z*BIC"*V5BI3D]W<CL[V'4;.&XMY8KBWN$$D4L;!TD4C(92.
M"".01UJ2BBJ)"O/_`(B?\EV^'/\`W$__`$G6O0*\_P#B)_R7;X<_]Q/_`-)U
MH`/^;I_^Y4_]O*]`KS__`)NG_P"Y4_\`;RO0*`/B;XP_M1_$'1?VH/$USIWC
M*YT[1O`_Q$\*>!HO!26-A);^(+75DLFN+Z61X6O!(@NY3'Y,T:`63[T<%BI^
MW+^T#\</@-^U1X4O=#3Q'<?#[5?$'ASP]86FF?\`"/R:3>R7MZ(+]=1%TXU4
M3I#(LD'V!60"-FE!3=M^K-5^`7@37?BO8^/;[P5X2O?'.EVILK/Q%/H]O)JU
MI;G.88[HH94C.YOE5@/F/'-9>@?LE_"KPIXTTSQ+I7PR^'VF>(M%T_\`LC3]
M5M?#MG#>V-EEC]EBF6,/'#EW/EJ0OS-QR:=-I1@FOAE=^:M%.+]6F_[KF[)J
M*3=5*4IM:7BDO777?3=+35VW3>GA?_!-+XK_`!%U#6?$7@GXSZM\5)OBOI>E
M6.L:GIOB>U\,C2[:&:2XB6;39=$C&8))(9%V7DAG`B4[5!);ZF\3ZQ<:#H<]
MW::5?ZW<0[=ME9/`D\V6`.TS21QC`)8[G'"G&3@'G/@U^SG\/?V<M,O[+X>>
M`_!G@.RU6X^UWL'AW1+;2XKR;&/-D6!$#O@`;FR<=Z[*JG).WHOZ_K??2]D3
M=YRDM$W=+M_3V71:7=KOBM>U.7X@_"K6H=9\`>(9H+Q'L9]!N)M/-SJ$,@57
M*LET80N';[TJM\C8&=N[@/V=O@MX>_99^']W)X.^$_BNQOM0O?*NK>6\TR?5
M+A`FY96F:\\OR5/RA!(&#$G9@EC[I163BF^9K4:FTN5/0Y+_`(6/K/\`PB_]
MH?\`"`>+OM?VK[/_`&;]HTO[5LV;O/W?;/)\O/RX\S?G^#;\U>`?MW?L91?M
MD>'O"?B)M!\5:-XBTRX:UN;.V339KYK,LQ*R%[M(."NY"LKE?.Y0Y;9]644J
ME.,URR5T.G4E!\T79G!Z-XBN_A]\/?#MCI'PX\5FUMK;[''IEO<:6LNEQ0A8
MXUD+WBQD,H!7RW?`'S;3Q5_4/B/K-EH>G7<7@#Q==W%[YGG645QI8GL-K87S
M2]XL9WCYE\MWP!\VT\5UM%6D2V<EJ'Q'UFRT/3KN+P!XNN[B]\SSK**XTL3V
M&UL+YI>\6,[Q\R^6[X`^;:>*G\1>/-5T32],N+;P5XFUB:_B\R>VM)].673F
MPI\N4S74:%LL1^Z:1<HW.-I;IJ*!'):]\1]9TC[%]G\`>+M5^U6J7$OV6XTM
M?L;MG,$GFWB9D7')3>G(P[<X->^(^LZ1]B^S^`/%VJ_:K5+B7[+<:6OV-VSF
M"3S;Q,R+CDIO3D8=N<=;10!S/C/QYJOA?5([>Q\%>)O$<+Q"0W.G3Z='$C$D
M>61<743[@`#PI7##DG($'B?XCZSH.N3VEIX`\7:W;P[=M[97&EI!-E03M$UY
M'(,$E3N0<J<9&">MHH`YG4O'FJV/C!=,B\%>)KVR:6.,ZM#/IPLU5@NZ0J]T
ML^U,D-B+<=IVAN,FI>/-5L?&"Z9%X*\37MDTL<9U:&?3A9JK!=TA5[I9]J9(
M;$6X[3M#<9Z:B@#DO^%CZS_PE']G_P#"`>+OLGVK[/\`VE]HTO[+LW[?/V_;
M/.\O'S8\O?C^#=\M'_"Q]9_X2C^S_P#A`/%WV3[5]G_M+[1I?V79OV^?M^V>
M=Y>/FQY>_'\&[Y:ZVB@#F=-\>:K?>,&TR7P5XFLK)99(QJTT^G&S95#;9`J7
M33[7P`N8MPW#<%YP:;X\U6^\8-IDO@KQ-962RR1C5II].-FRJ&VR!4NFGVO@
M!<Q;AN&X+SCIJ*`.2\,?$?6=>UR"TN_`'B[1+>;=NO;VXTMX(<*2-PAO))#D
M@*-J'EAG`R1/X,\>:KXHU22WOO!7B;PY"D1D%SJ,^G21.P('E@6]U*^X@D\J
M%PIY!P#TU%`'):#\1]9U?[;]H\`>+M*^RVKW$7VJXTMOMCKC$$?E7CXD;/!?
M8G!RZ\9G\&>/-5\4:I);WW@KQ-X<A2(R"YU&?3I(G8$#RP+>ZE?<02>5"X4\
M@X!Z:B@`HHHH`*\__P";I_\`N5/_`&\KT"O/_P#FZ?\`[E3_`-O*`/0****`
M//\`XB?\EV^'/_<3_P#2=:]`KS_XB?\`)=OAS_W$_P#TG6O0*`"BN2^(GQ]\
M"?"#7]"TKQ;XU\)>%]4\4W'V31K/5]8M[&XU>;('E6Z2NK3/DCY4!/(XH^)?
MQ^\!_!?4]#LO&/C;PCX3O?$UT+'1X-9UBWL)=6N"0!#;K*ZF60DCY4R>1Q32
MO:W5V^?;U\A-VO?HK_+OZ'6T5R7AOX_^`_&7Q-UGP3H_C;PCJWC/PXBR:MH-
MGK%O/J>EJP!5I[9',L0.1@NHSD5UM);)]QO1M!1110`4444`>$_"[_@GEX`^
M$/[2FI?$S1XKZ+4;T2M;Z>63[%ITLHQ+)$H7<-P+`*6PH=P!C:%]VHHJ(0C%
M6BK%SG*3O)W"BBBK("BBB@"MK6BV7B32;G3]1M+6_L+R-H;BVN8EEAG1A@JR
ML"&4C@@C!J2QL8-,LH;:VABMK:W01Q11($2-0,!5`X``XP*EHHL.X4444""B
MBB@`HHHH`****`"BBB@`HHHH`*\_^/W_`#)7_8UV/_M2O0*\_P#C]_S)7_8U
MV/\`[4H`/B)_R7;X<_\`<3_])UKOIIDMX7DD=8XXP69F.%4#J2>PK@?B)_R7
M;X<_]Q/_`-)UKI/B;:V][\.]<BNO#<GC&W>QF$FA)';2/K`V'_1@MR\<!,GW
M0)G2/)^9E&2)G*R;*BKM(P?$_P"U'\,O!/@'3?%>M?$7P)I'A;6;D6=AK%[K
M]I;Z??3ER@BBG>01R.75E"JQ.5(QD5?^+'QX\#?`3PW;ZSXZ\9^%/!>CW<Z6
ML%]KNKV^G6TTS_<C629U5G;LH.3VKXB\.^!_BKI7[`.@_#^;]FKQY'K5W<ZQ
MX>U4P:AX2FU31=&O9I)IIK(OJRVY,T<B0`&8%'C+M%(D:"3T7X_^"_'NJ^/O
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M7ES6W3"BOFS_`(**Z/\`%#PO\']1\8_#KQKK]G<:#/'?W6DQPVA@6U2,K*T9
M\GS6(.)&621U(#X'"@:?['GQFG_;`^'&E>-[7QMXATVZMY(H-9\/6T.G&SM[
MF)5$B9>V:<138\P'S=P$I`92,+RJJN?DZG0Z3Y/:=-CZ`HKF=2\":K?>,%U.
M+QKXFLK)98Y#I,,&G&S95"[HRSVK3[7P2V)=PW':5XQ!_P`*XUG_`(2C^T/^
M$_\`%WV3[5]H_LW[/I?V79OW>1N^Q^=Y>/ESYF_'\>[YJT,SEOVX/C$/@3^R
MMXT\0QS-!>QZ>UI8LOWEN9_W,3#_`'6<-]%->9?\$A?@^?AC^Q]I^I3QE+[Q
MC=RZO)N'S+%Q%"/H4C#C_KH:\=_X*VIKGBKXA_#_`.%FG^*M;U>?QKJOVXZ;
M=1VBV^G[Y?(M@ODP)*R`R3#]Y(_$0)R1N'V=\//@U<_#=M-M[/QAXDFT/281
M;6NBR6^G+910K'LCB!2U6?:@V[?WN[Y!N+<YY8^]7;_E5OFSJE[E!+^9W^2.
MWHKDO#'PXUG0-<@N[OQ_XNUNWAW;K*]M]+2";*D#<8;..08)##:XY49R,@GA
MCX<:SH&N07=WX_\`%VMV\.[=97MOI:0394@;C#9QR#!(8;7'*C.1D'J.4ZVB
MN9\&>!-5\+ZI)<7WC7Q-XCA>(QBVU&#3HXD8D'S`;>UB?<`".6*X8\$X(@T'
MX<:SI'VW[1X_\7:K]JM7MXOM5OI:_8W;&)X_*LTS(N.`^].3E&XP`=;17):#
M\.-9TC[;]H\?^+M5^U6KV\7VJWTM?L;MC$\?E6:9D7'`?>G)RC<8G\.^!-5T
M32]3M[GQKXFUB:_B\N"YNX-.673FPP\R(0VL:%LL#^]61<HO&-P8`Z:BN2T_
MX<:S9:'J-I+X_P#%UW<7OE^3>RV^EB>PVMEO*"6:QG>/E;S$?`'R[3S1I_PX
MUFRT/4;27Q_XNN[B]\OR;V6WTL3V&ULMY02S6,[Q\K>8CX`^7:>:`.MHKF;/
MP)JMMX/N],?QKXFN;VYE$D>K20:<+RU7*?NT5;40%3M(^>)F_>-S]W;!_P`*
MXUG_`(1?^S_^$_\`%WVO[5]H_M+[/I?VK9LV^1M^Q^3Y>?FSY>_/\>WY:`.M
MHKDO^%<:S_PB_P#9_P#PG_B[[7]J^T?VE]GTO[5LV;?(V_8_)\O/S9\O?G^/
M;\M'_"N-9_X1?^S_`/A/_%WVO[5]H_M+[/I?VK9LV^1M^Q^3Y>?FSY>_/\>W
MY:`.MHKF;SP)JMSX/M-,3QKXFMKVVE,DFK1P:<;RZ7+_`+MU:U,`4;@/DB5O
MW:\_>W0:A\.-9O=#TZTB\?\`BZTN++S/.O8K?2S/?[FROFA[-HQL'RKY:)D'
MYMQYH`ZVBN2U#X<:S>Z'IUI%X_\`%UI<67F>=>Q6^EF>_P!S97S0]FT8V#Y5
M\M$R#\VX\U/XB\":KK>EZ9;VWC7Q-H\UA%Y<]S:0:<TNHMA1YDHFM9$#94G]
MTL:Y=N,;0H!TU%0:59R:=I=M;S7=Q?S01+&]S.$66X8``R.$54#,>3M55R>`
M!Q4]`!7G_P`1/^2[?#G_`+B?_I.M>@5Y_P#$3_DNWPY_[B?_`*3K0`?\W3_]
MRI_[>5Z!7G__`#=/_P!RI_[>5Z!0`4444`%%%%`!1110`4444`%%%%`!1110
M`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!7G__`#=/_P!RI_[>
M5Z!7G_\`S=/_`-RI_P"WE`'H%%%%`'G_`,1/^2[?#G_N)_\`I.M>@5Y_\1/^
M2[?#G_N)_P#I.M>@4`?%?[?_`.S3\1OB;\5/'L?A;P;<>*].^+/PYM_`]KJZ
M:C8VT7@B[BO+J9[RX2>6.9H76YB<&U6:3?9H"B_*XS/^"D7[+WCK]KCP]%9^
M$/"_Q8\+>*_$6@ZGX(N-8M]2\+C2+:PDN4!DU)+I[JX\B7RTN(CIZ?:L`*[6
M[\+]ST54)N*@OY6VOG>ZTMIJUW:;NW<J<G*;GU=O_)5%)^ONQ>M[-)JSO?XB
M_9`_9=^)'P]^-/@S2O$'@V?2-+^&&M>+=2G\8R:G93P^,H]7NI9;=88XI6NE
M<+(C3_:8HE5[=0AE&'7[=HHHE-RM?_A_T^ZR\C*%.,+\NS=^KM]]W][;\SF=
M2\":K?>,%U.+QKXFLK)98Y#I,,&G&S95"[HRSVK3[7P2V)=PW':5XQ!_PKC6
M?^$H_M#_`(3_`,7?9/M7VC^S?L^E_9=F_=Y&[['YWEX^7/F;\?Q[OFKK:*DL
MYG3?`FJV/C!M3E\:^)KVR:620:3-!IPLU5@VV,,EJL^U,@KF7<=HW%N<FF^!
M-5L?&#:G+XU\37MDTLD@TF:#3A9JK!ML89+59]J9!7,NX[1N+<YZ:B@#DO#'
MPXUG0-<@N[OQ_P"+M;MX=VZRO;?2T@FRI`W&&SCD&"0PVN.5&<C(,_@SP)JO
MA?5)+B^\:^)O$<+Q&,6VHP:='$C$@^8#;VL3[@`1RQ7#'@G!'344`<EH/PXU
MG2/MOVCQ_P"+M5^U6KV\7VJWTM?L;MC$\?E6:9D7'`?>G)RC<8-!^'&LZ1]M
M^T>/_%VJ_:K5[>+[5;Z6OV-VQB>/RK-,R+C@/O3DY1N,=;10!R6@_#C6=(^V
M_:/'_B[5?M5J]O%]JM]+7[&[8Q/'Y5FF9%QP'WIR<HW&)_#O@35=$TO4[>Y\
M:^)M8FOXO+@N;N#3EETYL,/,B$-K&A;+`_O5D7*+QC<&Z:B@#DM/^'&LV6AZ
MC:2^/_%UW<7OE^3>RV^EB>PVMEO*"6:QG>/E;S$?`'R[3S1I_P`.-9LM#U&T
ME\?^+KNXO?+\F]EM]+$]AM;+>4$LUC.\?*WF(^`/EVGFNMHH`YFS\":K;>#[
MO3'\:^)KF]N91)'JTD&G"\M5RG[M%6U$!4[2/GB9OWC<_=VP?\*XUG_A%_[/
M_P"$_P#%WVO[5]H_M+[/I?VK9LV^1M^Q^3Y>?FSY>_/\>WY:ZVB@#DO^%<:S
M_P`(O_9__"?^+OM?VK[1_:7V?2_M6S9M\C;]C\GR\_-GR]^?X]ORU/>>!-5N
M?!]IIB>-?$UM>VTIDDU:.#3C>72Y?]VZM:F`*-P'R1*W[M>?O;NFHH`Y+4/A
MQK-[H>G6D7C_`,76EQ9>9YU[%;Z69[_<V5\T/9M&-@^5?+1,@_-N/-&H?#C6
M;W0].M(O'_BZTN++S/.O8K?2S/?[FROFA[-HQL'RKY:)D'YMQYKK:*`.2U#X
M<:S>Z'IUI%X_\76EQ9>9YU[%;Z69[_<V5\T/9M&-@^5?+1,@_-N/-3^(O`FJ
MZWI>F6]MXU\3:/-81>7/<VD&G-+J+84>9*)K61`V5)_=+&N7;C&T+TU%`'):
M]\.-9U?[%]G\?^+M*^RVJ6\OV6WTMOMCKG,\GFV;XD;/(38G`PB\Y->^'&LZ
MO]B^S^/_`!=I7V6U2WE^RV^EM]L=<YGD\VS?$C9Y";$X&$7G/6T4`<SXS\":
MKXHU2.XL?&OB;PY"D0C-MIT&G21.P)/F$W%K*^X@@<,%PHX!R3H6?AN]MO&%
MWJ;^(-7N;*YB$<>DR1VHL[5L)^\1EA$Y8[2?GE9?WC<?=VZU%`!7G_Q^_P"9
M*_[&NQ_]J5Z!7G_Q^_YDK_L:['_VI0`?$3_DNWPY_P"XG_Z3K7H%>?\`Q$_Y
M+M\.?^XG_P"DZUZ!0`4444`%%%%`"2Q+-&R.JNC@JRL,A@>QK\X?$LE]_P`$
MD/VR[S6+;3]1O/A'X[5BT%L@80'+,(DW,%\V!B=NXC,4A&<Y(_035_%5_INH
MR00^&=;U"),8N+>6S6.3(!X$DZMP3CE1R#U&#4'BAT\0SRZ+J/A*[UG2;HK%
M-+,MG+92*P&2T<DN\JN3D>63P<`\9QK4N>S3LULS:C5Y+IJZ>Z/G;XK?\%=?
MA9X8^#4OB#PQJ9\1:]<9BL]&:&2WF27'6;<OR1KW8$[NBD\D?/>D6?[7.FZ0
MGQSM[^_U`:@[7#^&'EEE"69`*D6!^41$#@(?.`^;J2U?4VG?L`_";PG\;[3Q
M)IWPNO1=6EQ'+#-%=P_V7#)Q^^%N]P"-A.<"/`*Y52<$^W?\)5?_`-L?9O\`
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M*GG2V9\]AC$:[)VPQ[%MJ\<L*`-NBL33?%5_??:/-\,ZW9^3"TJ>=+9GSV&,
M1KLG;#'L6VKQRPJ72_$=YJ%G=RS:!J]B]LFZ.*>2U9[HX)VILF90>`/G*CYA
MSU(`-:BL2U\57\^G74[^&=;@EM]GEV[RV9DN<G!V%9RHVCD[V7CID\46OBJ_
MGTZZG?PSK<$MOL\NW>6S,ESDX.PK.5&T<G>R\=,GB@#;HK)@\1WDVAS7;:!J
M\5Q$^U;)I+4SS#Y?F4B8QXY/WG!^4\=,Q?\`"57_`/8_VG_A&=;\_P`[ROLG
MFV?G;=N?,SY^S;GC&_=G^''-`&W16)_PE5__`&/]I_X1G6_/\[ROLGFV?G;=
MN?,SY^S;GC&_=G^''-'_``E5_P#V/]I_X1G6_/\`.\K[)YMGYVW;GS,^?LVY
MXQOW9_AQS0!MT5DS^([R'0X;M=`U>6XE?:UDLEJ)X1\WS,3,(\<#[KD_,..N
M(KKQ5?P:=:SIX9UN>6XW^9;I+9B2VP<#>6G"G<.1L9N.N#Q0!MT5B77BJ_@T
MZUG3PSK<\MQO\RW26S$EM@X&\M.%.X<C8S<=<'BI=4\1WFGV=I+#H&KWSW*;
MI(H)+57M3@':^^95)Y(^0L/E//0D`UJ*CLYWNK.&62"6V>1`S12%2\1(R5;:
M2N1T."1Z$]:DH`*\_P#B)_R7;X<_]Q/_`-)UKT"O/_B)_P`EV^'/_<3_`/2=
M:`#_`)NG_P"Y4_\`;RO0*\__`.;I_P#N5/\`V\KT"@#\^?CM\:=6L?V]]8TH
M>./$NG_$?3?'?A:R\'>#K?Q!=6]GJ_A:X2T.JWK:8LBP7:+OU'S+F2-S`;:,
M!XS@-SO[=?QX\8W?[77A'5/@W\3O"?C?5M=GT&3P[X9TCXDWT5W;6'VMEU&Z
M;0K6&6SU2SF@\S==W,D8MS"?+;>`K?I111'2$(_RRO?OHE;YVN^[E+I*Q4I)
MSE.V\4K=-+ZOOO;R26NB/@W_`(),_%Q_B1XYM&T?Q_XK\?0WO@&RU'Q^NKZ_
M=ZL/#_BUI\3V?ESNPTZ8*9@]C$(TC$49\I,@O]Q^)[C5+30YY-%L["_U-=OD
MP7MX]G!)\PW;I4BE9<+DC$;9(`XSD7Z*UJU%+96W_&3=EY*_+%=(I+H8P@TY
M-MN]M_**7EJ[<S=M9-LYFSU7QD_@^[GN-!\,Q:^DH%M9QZ]/)9RQY3+/<&S#
MHV"_RB%A\J_,-QVP?VSX\_X1?SO^$;\(_P!M?:MGV7_A)+C[+]GV9\SS_L.[
MS-_'E^5C'._/RUUM%9&AR7]L^//^$7\[_A&_"/\`;7VK9]E_X22X^R_9]F?,
M\_[#N\S?QY?E8QSOS\M3WFJ^,D\'VD]OH/AF77WE(N;.37IX[.*/+X9+@69=
MVP$^4PJ/F;YCM&[IJ*`.2U#6?'D>AZ=):>&_",^IR^9]N@E\27$4%MAOW?E2
MBQ9I=RY+;HX]IX&_K1J&L^/(]#TZ2T\-^$9]3E\S[=!+XDN(H+;#?N_*E%BS
M2[ER6W1Q[3P-_6NMHH`Y+4-9\>1Z'ITEIX;\(SZG+YGVZ"7Q)<106V&_=^5*
M+%FEW+DMNCCVG@;^M3^(M5\96VEZ8^DZ#X9OKV6+.H17>O3VL5K)A?EB=;.0
MS+DN-S+&<*IV_,0O344`<EKVL^/+?[%_9?AOPC>>9:H]W]J\27%MY%P<[XX]
MMC)YD8XQ(=A;)RBXY->UGQY;_8O[+\-^$;SS+5'N_M7B2XMO(N#G?''ML9/,
MC'&)#L+9.47'/6T4`<SXSU7QE8ZI&GA[0?#.J61B!>74=>GL)5DR<J$2SF!7
M&T[MP))(VC&3!XGUGQY::Y/'HOAOPC?Z8NWR9[WQ)<6<\GRC=NB2QE5<-D#$
MC9`!XS@=;10!S.I:KXRB\8+!9Z#X9GT`RQAKR;7IXKP1D+YC"W%FR%E.[:OG
M`-@99<G!J6J^,HO&"P6>@^&9]`,L8:\FUZ>*\$9"^8PMQ9LA93NVKYP#8&67
M)QTU%`')?VSX\_X2CR?^$;\(_P!B_:MGVK_A)+C[5]GWX\SR/L.WS-G/E^;C
M/&_'S4?VSX\_X2CR?^$;\(_V+]JV?:O^$DN/M7V??CS/(^P[?,V<^7YN,\;\
M?-76T4`<SINJ^,I?&#07F@^&8-`$L@6\AUZ>6\,8#>6QMS9J@9CMW+YQ"Y.&
M;`R:;JOC*7Q@T%YH/AF#0!+(%O(=>GEO#&`WEL;<V:H&8[=R^<0N3AFP,]-1
M0!R7AC6?'EWKD$>M>&_"-AIC;O.GLO$EQ>3Q_*=NV)[&)6RV`<R+@$GG&#/X
M,U7QE?:I(GB'0?#.EV0B)273M>GOY6DR,*4>SA`7&X[MQ((`VG.1TU%`'):#
MK/CRX^V_VIX;\(V?EVKO:?9?$EQ<^?<#&R.3=8Q^7&><R#>5P,(V>)_!FJ^,
MK[5)$\0Z#X9TNR$1*2Z=KT]_*TF1A2CV<("XW'=N)!`&TYR.FHH`****`"O/
M_P#FZ?\`[E3_`-O*]`KS_P#YNG_[E3_V\H`]`HHHH`\_^(G_`"7;X<_]Q/\`
M])UKT"O/_B)_R7;X<_\`<3_])UKT"@`HKS#XW_MD?#K]G3Q7IFB>+M<N]/U'
M5(A<*MMH]]J$5E;F01"YNY;>&2.SM_,8)Y]RT<>[C=D&F_M"_MG_``W_`&6+
M_3+7QQKMWID^JPR74:VNCWVI?9K6)D66\N3:PRBUM(VD0/<S^7"A==SC-."<
MK<NMVTO-K=+S75";2;3W5F_1[/Y]#U&BO,OA%^UYX(^.WQ%\0>&/"\GBJ_OO
M#%S<V=_>3>$=7L]($]M-Y$\,6HS6R6<\B294I#,[?*Q`(4D>FT6T4NCU7FNZ
M&]&XO=.S\GV?F%%%%(`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"BBB@`HHHH`****`"O/_C]_S)7_`&-=C_[4KT"O/_C]_P`R5_V-=C_[4H`/
MB)_R7;X<_P#<3_\`2=:]`KS_`.(G_)=OAS_W$_\`TG6NR\3^(8?"?AR^U2X@
MO[F#3X'G>*RM);NYD"C)6.*)6>1SC`5023P!2;LKL:5R]17@]Y_P4)\(6/[.
M?A;XFOH'CEM$\6:M#H\%LFDJ]U92RZ@-/#W)60PPH)F&2TF2#\H9OEKH_P!I
M/]K#3_V<KW1--3PIXO\`'7B'Q!%=W=KHOAN.T>\^R6BHUU=,;JXMXA'$)(P1
MYF]FD141V(%$FHIM[)V^Y)O[D[M[):O0()S2<-;ZK^OT/5:*^<OA1_P4Y\"?
M&OXA>'=,\/:)XQN_"_BR[72M)\:&VM5T&]U)K'[?]@4_:/M0E%N&;>;<0[D:
M/S?,&ROHVM)TY1MS*U_Z_P"#Z-/9HB,T]G_6J_-->J:W3"BBBH*"BBB@`HHH
MH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*\_P#B)_R7
M;X<_]Q/_`-)UKT"O/_B)_P`EV^'/_<3_`/2=:`#_`)NG_P"Y4_\`;RO0*\__
M`.;I_P#N5/\`V\KT"@`HKDM:^/O@3PW\5-,\"ZCXU\):?XWUN%KC3O#USK%O
M%JM_$N=TD5LSB611@Y*J0,&D\5_M!>`O`?Q'T/P;KOC?PAHOB_Q,K-H^AWVL
M6]MJ6K!?O&WMW<22@8.=BG&*%K:W7]-_NLP;M>_3<ZZBN%^#'[4?PR_:/GU:
M+X>?$7P)X]ET!TBU-/#NOVFJ-ISN6"K,()'\LL4?`;&=C>AKNJ;0/=KL%%%%
M(`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`
M"O/_`/FZ?_N5/_;RO0*\_P#^;I_^Y4_]O*`/0****`//_B)_R7;X<_\`<3_]
M)UKT"O/_`(B?\EV^'/\`W$__`$G6O0*`/DW]M3]BGQ_\<?B1XSF\(77@]?#W
MQ;\#0>`O$\VL7US;WN@P0W%U(MY911P2I=2-'>SJ8I'MP&2-O,896L#]NG]B
MOXM?M4ZUX:U#2K#X>64^AZ=J>DVIG\5W]H^D/+<Q&VU(O#IY&I)Y,$;RZ3=*
MMH\FT-)+Y:2C[1HJX3<>7^ZVU\[_`.;MU6Z::5JJ2YY.4NJ2^Y);;:J,4ULT
MK--.5_EG]FO]D'QS\)?VM_$'BX_8?"'@G4O[2GO-(TWQ_K/B*W\5W]W<1S#4
M'TZ]@BM='D4K,YCLFD#M<D,V(P6^IJ\S_;(_:`O?V6/V8?&?Q!TWPX?%^H^%
M[`W=KHHOUL#J<NY42'SV1Q%N9@-Q4@=Z\9U__@JMIEEXL^!.FZ9X*U75XOBY
M'+-K;PW1DG\%!+6YD$4D$44CW5PT]G=6XAB`8M;RGDJ%,J5U&FNEHKIO=K\G
MMI%66BLA--N4M]Y/KM:[;WN[];N3O:[N>SVWP4D\7>/?&.H^(;WQ=#;W&J1?
MV0EEXJU"Q@%HMA:*=L-M<(B_Z0+G.5#$Y/(()O\`_#./A[_H(^/?_"XUK_Y+
MKSU/^"G?P<:PL)'U?QA!?:EKI\-0://X#U^'6SJ'V7[7Y#::]D+Q,VQ\X,\(
M0I\P8CFNL_:*_:,O_@/XA\`6L'A*[UW3_&GB.T\/W.HB_AM8-(-Q($1F0[I9
M7))(54"X1MSH=H9\KO&-OB:2\W*UE\[K[UW,Y5(J,I-Z13;\DKMOY6?W&M_P
MSCX>_P"@CX]_\+C6O_DNLCP!^S+;:?X$T2W\0ZWXUO\`7X+""/4[F#QOK2Q7
M%T(U$LB`7*X5GW$?*O!Z#I4?PL_:5O\`XA?M/?$3X<7WA"[\/CP-INF:G;W]
MQJ$,[:O%>S7\2N(HMPB4&Q++ND+LLHW)&05KU>AQ:M?KJ6])./5?\/\`DS@_
M^&<?#W_01\>_^%QK7_R761XU_9EMK[1H$T/6_&ME>K?V4DDDWC?6BK6JW437
M,8S<M\SVXE1>.&8<K]X>IT5('!_\,X^'O^@CX]_\+C6O_DNC_AG'P]_T$?'O
M_A<:U_\`)==Y10!Y9XD_9EMKG6?#[Z9K?C6WLK>_>35HY/&^M%KJU^RW"K&G
M^DG#"X:W?@K\L;<_PMK_`/#./A[_`*"/CW_PN-:_^2Z[RJFOZI_8>A7M[Y?F
M_8X'GV;MN_:I;&><9QUJ*E10BYRV6I4(.4E&.[.._P"&<?#W_01\>_\`A<:U
M_P#)=8.G?LXQ?\+/UC[1J/CW_A&O[+L?L'_%<:O_`,??G7GVGI=[_P#5_9/O
M?+_=YWU\UZ3_`,%M%U?]@KPK\7$^%UVOC'Q!K%MI=WX''B")Y=*CE2.Y>[DN
MUA*F)=/FBNAF)2XFCCPK,*]V\4_\%+/A!X#_`.$H7Q#J_BOP[+X0>W2_AU;P
M1KMA-,+B]6QADM4FLU:]B:Y=(Q+:B6/+J2P5@3O4I2A-TY+6]K?)/3NK-:K1
M][IF4)J3M'7;\6XKYW35M_O1WG_#./A[_H(^/?\`PN-:_P#DNC_AG'P]_P!!
M'Q[_`.%QK7_R77+?M0?M;R_`;]D+6/BWH?@W7/%MII>COK?]FW0;0+B*W6!I
MBUREXBSP$!0IC,#2JSJ#&`&*Q_$?]ISQ3\.OCUX%\/3^!+*;P?XWU)=%@UK_
M`(2`#4OM;6<MWOBT]8&#VR+"ZR2O<1.K#(B9,.4Z<DTFM;V^?;^NNFY3?N\W
M2S?R6_W;^FNQK>"OV9;:QT:=-<UOQK>WK7][)')#XWUH*MJUU*UM&<7*_,EN
M8D;CEE/+?>.O_P`,X^'O^@CX]_\`"XUK_P"2Z[RBH&>6>/\`]F6VU#P)K=OX
M>UOQK8:_/83QZ9<S^-]::*WNC&PBD<&Y;*J^TGY6X'0]*U_^&<?#W_01\>_^
M%QK7_P`EUWE%`'!_\,X^'O\`H(^/?_"XUK_Y+K(\:_LRVU]HT":'K?C6RO5O
M[*222;QOK15K5;J)KF,9N6^9[<2HO'#,.5^\/4Z*`.#_`.&<?#W_`$$?'O\`
MX7&M?_)='_#./A[_`*"/CW_PN-:_^2Z[ROCS2?\`@K-'<^$_CY<7OP\O+37O
MA#K5QI/A[2$UF.5_'H%Y+I]K)"_EC[.9K^&2W975_*.URS*P-1*:5[]$W\DT
MM.[NUHM7T6CMI"E*232W:C\W>U^U[/5Z=+W:/:=1_9QB_P"%GZ/]GU'Q[_PC
M7]EWWV__`(KC5_\`C[\ZS^S=;O?_`*O[7]WY?[W.RNT\&?";2O`>J27EC=^)
MIYI8C"5U'Q'J.I1!20<B.XGD0-E1\P`8#(S@D'Q'X/?\%2?AUX[^'O@O4_$T
M7B7P1J_B[PI!XI%O>^&]7?2PK::-1FM[;56LTL[V6*W\QBD#F0B*3]V"K*OJ
MG@']HO2?C1\#SX[\":=K_B;3;J)I=-@GTR?1)]3`^Z\:Z@D!\I@0RRD;'7YD
M+@C.U>G*BYJHO@WZVU:Z7ZII6WL[&,)*2BU]K:^E]$^ODT_F>@5Y_P#'[_F2
MO^QKL?\`VI7@7C+_`(*AWOAC]FWX-?$=/"_@6)?BJEJ3X<U/QT;+7I))Y(4^
MSZ5;BQ<:I.@E+,F^WP%!R`<CWWX^_P#,D_\`8UV/_M2E*#5[]&U\U:_YHJ6D
MN5[VO\G=?HP^(G_)=OAS_P!Q/_TG6NP\5VVJWGAC48=#O=/T[69;:1;&ZOK-
M[VUMIRIV/+"DL32H&P2BRQE@"`ZYR./^(G_)=OAS_P!Q/_TG6O0*B2NK,<96
M=T?'4G_!//XN/^Q3I_PC'Q@^'`N[#Q+#K8UD_#:],;P1:@FI);_9O[;SYGVM
M>9?-P8CL$8?][7<_&C]D?XE_%?Q=X?\`%EG\3?!V@>,O#MI>Z-!>1>!Y[BSE
MTR_M[1;V%[=]2W>>;FU6:&42A8UVQO%/M9W^C**J3NFGU_R47]Z5GW5[WN[N
MG-PMR.UKV^?]:=NA\B?L[?\`!*P_LX^)O!VDZ7X^-W\*/`&LKXFT3PW-H@&I
MQ:G_`&:U@6EU$3[9+8K)+-Y0ME?S9.9B@"5]=UP7[57Q1U'X'_LQ?$7QIH\-
ME<:MX1\,ZCK-E%>(SV\DUO:R2HL@5E8H60`A64XS@@\U\>:K_P`%7?B)%\,O
M@G!:^'/!;_$36/%EAH?Q/LR+EK'0K9M1M=.GDLLR*XDGEOK:6V\YBODEV;<5
MP=(3G6J*BM97BK=7S>ZGYI62;Z*WD1*FJ5-5'HO>M_V[[S7JW)M+JV^I]:VW
M[,GA?7O'OC'7/%/A;PCXAN->U2*ZLYKW38;N>&W2PM+?RV:1"5_>P2L%4D8<
M'J2!?_X97^&'_1./`7_A/VG_`,;KYR\(_P#!;+X=^.H==M-(\&^.-7\3Z!XA
MT[PQ+X?TG4O#FKW<UY?_`&D6Z"XL]5FLHR7M)D=)KF.2,@%T56#5VG[0/[>4
M-E\&7\3_``EUKX;^,)M`\5:3X=\56[:W'J,WA^2ZU&UM)K62.RD=5NT\]LJ\
MJA"F<2#@Q&+=K=6E]_+;\)1;[75]RFO?]GU[?>OQL[=[.VQZ%X__`&-?AUXO
M\":WI-CX*\%:+>ZI83VEOJ$'A^U\VPDDC9%F3"J=R$AAAE.1U'6M?_AE?X8?
M]$X\!?\`A/VG_P`;KFM*^-OB\_MQWWP[U'3_``W!X3?PDWB#3;BVEGEU&:1+
MJ&!O.+!8XUS(^$57/RJWF<E![#4QUA&HMI7M\I.+_%,CF7/*GUC:_P`XJ2_"
M2.#_`.&5_AA_T3CP%_X3]I_\;K(\2?L:_#K6]9\/W-OX*\%6$.CW[W=S!'X?
MM=NHQFUN(1"^%'RAYDEY##="O&<,OJ=%!1P?_#*_PP_Z)QX"_P#"?M/_`(W1
M_P`,K_##_HG'@+_PG[3_`.-UWE%`'EGAO]C7X=:)K/B"YN/!7@J_AUB_2[MH
M)/#]KMTZ,6MO"84RI^4O"\O`4;IFXSEFU_\`AE?X8?\`1./`7_A/VG_QNN\K
MY@_;H_;7\5_LI?M`_!S2]-TSPY>>!?$KZA=>-KJ^6?[=IFGP26-NMQ:LC!!Y
M<M\DDHD5AY4<A!4@9(ZRC#JW;^NR\^A2BVFUT3?W*_W]EU/1?BI^QUX$\4_#
M#Q)I>A^!/`6FZUJ6EW5K87?]BV\/V6X>%ECDWI&63:Y4[E!(QD<UO?\`#*_P
MP_Z)QX"_\)^T_P#C=?(DW_!9>]^''Q-^-.I>,_"^E3?"KP;/I2^%;S3]8TK2
M;^\MYYM3M)[JZGU?4;2T9'NM,D$*0MYC1R1':^X[/5/A;_P5X^$WQ+FU?4;F
M6_\`!?@31+?39+CQOXMO]+T70#/J%A:7]I:*\]X)VGDM[M3M\G:#'("P^3?I
M"E*7PK9)ORYDFD^S=[)=]-]`E%QDX]OTM>WW_=KMJ>S_`/#*_P`,/^B<>`O_
M``G[3_XW61>_L:_#JY\=Z;JR>"O!45E8V%W:2Z>/#]KY5U)-);.DS?+C=&()
M%&5)Q.V"O(;D_"7[0/Q&\8?M(_%_P'%8>`X%\*^'='UKPO.+BZECG^W3:E&'
MO)0!D;;*-_+BC&TNR^8XPXZ#]BGXM^,/C'\+-3U#QE)X=U*ZT_7+S3;#7-!T
MZ?3=,\26D3*$O;>WFGN'CC9BZ#,\BOY6]6*NM+D=VGT5_E=+[U=:;[VO9VB<
MN5VWUM]ZYE\FNNWWJ_1_\,K_``P_Z)QX"_\`"?M/_C='_#*_PP_Z)QX"_P#"
M?M/_`(W7>45`SRSP5^QK\.O"^C3VUYX*\%:M-+?WMVL\WA^UW)'/=2S1PC*M
M\L22+$O.-L8P%&%&O_PRO\,/^B<>`O\`PG[3_P"-UWE%`'EGC_\`8U^'7B_P
M)K>DV/@KP5HM[JEA/:6^H0>'[7S;"22-D69,*IW(2&&&4Y'4=:U_^&5_AA_T
M3CP%_P"$_:?_`!NN\HH`X/\`X97^&'_1./`7_A/VG_QNL'4?V.O`EQ\3]'U2
M'P)X"CT6STN^M;JT_L6W'GW$LUFT$FP1[6V)#<#<3E?-P,AFQ\FZ7_P5K^)$
MOP*^-'VGP[X&/Q4T/Q#J5A\.=/C6Z73]:L(]0O[&WN+P-)O+PMIE[)<"&3_5
MQJRA"X4=GK'_``6[\!?"1](T;Q[HFL6_B6Z\"_\`"9R#2=1T2Y6^6/1SJDZ0
M6(U)M1A7RXYU1[JWBB9H]OFG<A:H1<N:W2U_G%RMZI)W71Z;E.+554;>\[V7
MI)1OZ-R5GU6NQ]=^"/A7X7^&?VK_`(1OPWH/A_[=L^T?V;I\-I]HV;MN_P`M
M1NV[FQGIN/J:WJ\*T/\`;:TOXH>#+ZP\,OX>T+XLIHS:[%X$\5Z_8QZU:6.X
M;+VYMK&>ZD2%XV61!P3OC1S$S'9X]XN_;[^(VD_LX_L[?$6V?PQ"WQ,T_0[S
MQ%I3^"=6NK#_`$U[,7$BZTET+/2(XDN)'07RRF8H$0ELU<:4G+EMUC'YR<DO
MQBT[;6];0I)Q4UU3?R23?X233>C74^UJ\_\`B)_R7;X<_P#<3_\`2=:]`KS_
M`.(G_)=OAS_W$_\`TG6LAA_S=/\`]RI_[>5Z!7G_`/S=/_W*G_MY7H%`'Q-\
M7/V9/B1K_P"U'XKLK'P=<WN@^,_B#X4\<V_C8:E8I;:)::2EF+C3Y(FE6\\Y
MS:3",10O$1?.6D3YE//_`+0_P#^*?Q;_`&SM$\;:7\*O$UII.I-X9FN8;C4]
M#.E,-/OYKB4ZU&;Q[G[3;+(SV;:;OC,CK]H,BJ%3[YHJH2<8PCTB^9>J48J_
MRC'SNKWO=A5]]R<OM14?DFW^+;OTU/E+_@FG\*/B9\%1K7AC6;?XB:7\*=!T
M^TL/"FF>/I/#D^NVLR/-YWER:&S0M9>48`GVEFN"XDW$+MS]#_%S6M>T+P49
MO#4%O/K$]_8VD9GLY+N*".:\AAFF>*-T9ECB>20X=0`F20`:X.7]M[PC:_MK
MS_`BYLO$5KXJA\,1^*EU*6S0:-+`\LT8MQ<!\BY`@ED\MD`,:,P8[6`Y+X(?
M\%7_`((?&;P9;ZY=^,M(^'T&I^([WPSHUOXTU.RT:Z\13VKQH9;*.2<F>&03
M0O&5^9EFC)5=P!J[FTDKNU_-VERW?=N6GF]@J2]^4I=7\KN/-I_VZN8]3_X1
M[XG_`/0X>`O_``D+O_Y9T?\`"/?$_P#Z'#P%_P"$A=__`"SJ_P"`?C_X#^*_
MB?7=$\+>-?"7B;6O"\GDZSI^E:O;WMUI+^9)'LN(HG9X6\R*5,.`=T3CJI`\
M^T+]O3PKXA^&_P`2O$]OX=^("VGPNU5M(U*SDT"5=1NI1:6UV'BML^8L9BNH
MR6G$6S#EPBKNK*3LG)[)<S]+I7^]I?,M0DWRI:WM\[-V^Y,Z.WT[XNR>*+RT
MDU_P%%IL%K!+!??\(O<M]IF=YA+#Y?\`:6Y?+5(6W'AO/P/N&K__``CWQ/\`
M^AP\!?\`A(7?_P`LZZ+X;>.[/XI?#K0/$^GQ7,-AXCTZWU.VCN%59DBFB61`
MX4D!@K`$`D9SR>M;5:5(2A)PDK-:,QIU(SBIP=TU=>C.#_X1[XG_`/0X>`O_
M``D+O_Y9U0\*Z=\7=6\+Z;=ZIK_@+2-2NK6*6[L?^$7N;C[%,R`O#YBZEM?8
MQ*[AP<9'6O2Z*@LX/_A'OB?_`-#AX"_\)"[_`/EG5#6-.^+MEJ&E16FO^`KV
MWN[IHKV;_A%[F/[!"()7$VTZEF3,J11[5Y'G;NBFO2Z*`.#_`.$>^)__`$.'
M@+_PD+O_`.6='_"/?$__`*'#P%_X2%W_`/+.NH\;^++;P%X+U?7;R.>6TT6R
MFOYTA`:1DBC9V"@D`L0IQD@9[BOFX?\`!73X9-^R[\,?BL-(\=C2_BKKUIX<
MTW1FTJ--9T^ZGN/L[?;(#*%ACA?F5P[``KMWEE!<%S/ECO>*^<FU'[VF@EI9
MOK?_`,E5W]R=SU+PV?BSK>L^(+:XUWP580Z/?I:6T\GA"\VZC&;6WF,R9U$?
M*'F>+@L-T+<YRJZ__"/?$_\`Z'#P%_X2%W_\LZQ8_P!N_P"!\UIXDN$^,OPI
M>W\&W*V6OR#Q;IY30YVD:-8KH^;B!S(K(%DVDLI&,@BK'QZ_:S\+?`+X*6_Q
M`N8M8\3^'+T0/;7'ANU_M%)XIL%)_-5A"L)4AA(\BH<@*69E4B5U=>7X[?>3
M*:C=-VW?W;_<:7_"/?$__H</`7_A(7?_`,LZH>%=.^+NK>%]-N]4U_P%I&I7
M5K%+=V/_``B]S<?8IF0%X?,74MK[&)7<.#C(ZU1\2?M;V'A']HS0?AYJ7@_Q
MQ:1>)KI],TWQ-+:6R:+=WZ6<EZUFA,XNF;[/%(WFK;FWRC)YOF`H/6:+.RET
M?]?UY:[,N2L[/^OZU7JFMTS@_P#A'OB?_P!#AX"_\)"[_P#EG5#6-.^+MEJ&
ME16FO^`KVWN[IHKV;_A%[F/[!"()7$VTZEF3,J11[5Y'G;NBFO2Z*0C@_P#A
M'OB?_P!#AX"_\)"[_P#EG1_PCWQ/_P"AP\!?^$A=_P#RSKO**`/--'T[XNWN
MH:K%=Z_X"LK>TNEBLIO^$7N9/M\)@B<S;1J68\2O+'M;D^3NZ,*O_P#"/?$_
M_H</`7_A(7?_`,LZ[RO(/V@/VU_"?[-OQP^%G@/Q#8>(Y=0^+5[<V&F7]E9I
M-I^FR0^2`;R0N&B222XAB1@K`R2HIV[@2TKR45NW9>;[#2=F^R;?HE=OY(N>
M/S\6?"'@36]6L==\%:U>Z783W=OI\'A"\\V_DCC9UA3&HL=SD!1A6.3T/2M[
M2M"^(L.J6SWWBKP5<622J;B*#PK=0RRQY&Y4<Z@X1B,@,58`\[3T/D]O_P`%
M6?@I8?&+XF>$/$OBS3O`,?PNO;#3;_7_`!7?V>CZ)JES=I<,L-E<S3#SGC:U
MN(Y`57:\,BC=L;'K>D?M%_#[Q!\18/!]AX[\&WWBVZLQJ,.B6^M6TNHRVI1'
M$ZVZN9#%LD1MX7;AU.<$4*+:3777[U=?AKZ:A).+<9:-?\-^>GKIN=E17ED7
M[5^FZG\9/&W@+2_"WC35/$O@G0X-=>!;*&SCUB.:2>*.*SDNI8DD<O;NN]RD
M/(_>GG&C^S7^T59_M*^"-1U:W\/^(O"E]HNK76AZGH^MBU-[I]W;L!)&SVD\
M]NXY4AHIG7G&000%'WM5VO\`*]K^E]'VNNZ"HN1VEIK;YM<R7JUK\GV9Z%7G
M_P#S=/\`]RI_[>5Z!7G_`/S=/_W*G_MY0(]`HHHH`\_^(G_)=OAS_P!Q/_TG
M6O0*\O\`C;XIL/!7Q9\`:GJ<_P!FL;;^T?,DV,^W="BCA02>2!P.]:'_``U)
MX$_Z#O\`Y)7'_P`;H`]`HKS_`/X:D\"?]!W_`,DKC_XW1_PU)X$_Z#O_`))7
M'_QN@#2^._P8TO\`:%^$NL^#=:N-0M=+UR-(IY;)T2X0+(L@VEU90<H.JGC-
M>+:I_P`$IOACJ.L>);Z*[\6Z?-XI\4R^++@V>I)";2>2PNK-K>V81[H+?=?7
MER$0AA<W,L@?YBM>K_\`#4G@3_H._P#DE<?_`!NC_AJ3P)_T'?\`R2N/_C=)
MQ6OGI^*?YI?<5";B[Q=O^&:_*37S/#/V8?\`@C?\+_V4M6\.7WA_4_$MQ/X;
M\1S>*(D>TTC3[:ZNI=)?26$MO86-M!L-O(6.Q$=I!O=F);=UGQ/_`.";/@[Q
M)X3\,Z!\/]8U7X$:#X8UU?$T>G?#K1-`T^TO=21D:.YFCN=.N%+H4_@"!MQW
M[\+M]'_X:D\"?]!W_P`DKC_XW1_PU)X$_P"@[_Y)7'_QNM959.2FWJK6_P"W
M6FON:379I,S459QM=.Z=]=TT_O3:]&T<Y\/?V0I?`/[57B?XKM\3/B%K5[XL
MTZVTJ\T&_BT==(CM[9IGMEC\FPCN@8FN;@@FX);S3OWA4"^QUY__`,-2>!/^
M@[_Y)7'_`,;H_P"&I/`G_0=_\DKC_P"-U#DVDGT';5OO_P`-^2/0**\__P"&
MI/`G_0=_\DKC_P"-T?\`#4G@3_H._P#DE<?_`!ND,]`HKS__`(:D\"?]!W_R
M2N/_`(W1_P`-2>!/^@[_`.25Q_\`&Z`/0*KZOIL>M:3=6<K.L5W$\+E"`P#*
M02,]\&N'_P"&I/`G_0=_\DKC_P"-T?\`#4G@3_H._P#DE<?_`!NIG!2BXR5T
MRHR<6I+='C.F?\$A/A7I&E/:PWOC`%_!&F^!/--]"2+6Q,6R[">3Y8O)4@MX
MI9@F&CMXE"J%%<_H7_!$?X4Z#XZ\6^(8]<\9OJ/C'4K34KV0)I,,VZVUB#5X
MD>>*Q2XN0+B!4WW<D\HB9D$@`0K]#?\`#4G@3_H._P#DE<?_`!NC_AJ3P)_T
M'?\`R2N/_C=;>TE[55[^\FVGV;=W][;^\SY%9JV_+_Y+;E^ZR.,^/_\`P3W\
M`?&[X=?$'0=)MU^&%]\5D\GQ?X@\&Z/I-KK7B*':ZM'<SW%G.)<K(XWLID7)
MVNI)S7T/]A[4]'^..@>/9OC?\6M3U'0]-@TJ2SO+3PW)9ZC!&0TH?&DB6`W#
M*AF^R20;S&GW=BX[O_AJ3P)_T'?_`"2N/_C='_#4G@3_`*#O_DE<?_&ZB$G&
MUNFWEI:WI;2VWD.:YKWZW_%IOYZ+7?0]`HKS_P#X:D\"?]!W_P`DKC_XW1_P
MU)X$_P"@[_Y)7'_QND,]`HKS_P#X:D\"?]!W_P`DKC_XW1_PU)X$_P"@[_Y)
M7'_QN@#T"BO/_P#AJ3P)_P!!W_R2N/\`XW1_PU)X$_Z#O_DE<?\`QN@#T"OG
MD_\`!,OX<R?$;0O%,UQXEFU3P_K>O:]"&O8UAN)M7E>::.9%C`EBAF?S(%;)
MC=5;+$$GT;_AJ3P)_P!!W_R2N/\`XW1_PU)X$_Z#O_DE<?\`QNI<4W=^:^_<
MKG?+R=+I_-72_-_>?-6A?\$(_A#H'C_1_$<>N^.9[_0O#P\-6K7']E2SI;#1
M7T8_Z6;'[6%-O(7\A9Q;"<>8(0S/N][LOV*_`WA_1["?0]-LM!\=:3X8B\):
M?X^MM'TV;Q38V440C14NI[:16QC=L>-HBQ),>#BMK_AJ3P)_T'?_`"2N/_C=
M'_#4G@3_`*#O_DE<?_&ZUJ3E4OSN]]__`";_`.2E\FUL9J"NI6VV_#_Y%?<>
M-6/_``2ZMX?V:]$^$-U\:_C'J7P]TJV;3KK2YX_#J'6;$E-MG//'I*3)&H0@
M/;O#-^\8F0D(5]C^/$2P1>!XT!"IXIL%'.>!OIW_``U)X$_Z#O\`Y)7'_P`;
MKE_B1\9_#7Q%U7P;8Z-J7VRZB\2V4[)]GECP@9E)RZ@=6''7FB4Y-6?J-K6[
M_K^O\NR.H^(G_)=OAS_W$_\`TG6O0*\W^+&K6FA_&?X>W=]=6]G:Q?VEOFGD
M6.-,P(!EC@#)('U-=1_PMGPK_P!#-X?_`/!C#_\`%5`SH**Y_P#X6SX5_P"A
MF\/_`/@QA_\`BJ/^%L^%?^AF\/\`_@QA_P#BJ`+'Q#\`Z1\5O`.M^%]?M/M^
MA>(["?3-1MO->+[1;S1M'(F]"KKN1B,J01G((/->=:A^P;\(]4U[7=4F\%V+
M:CXFN=$N]5N%N;A)+Z71W5]-9RL@R(61>.C@8<..*[W_`(6SX5_Z&;P__P"#
M&'_XJC_A;/A7_H9O#_\`X,8?_BJ%H[KR_!W7W/5=F-R;5GMK^-K_`'V5^]EV
M/)_AM_P3-^"WPEO;2YT3PMJ<<VGWFFWUF;SQ-JM^+)M.-P;&.$7%RXB@@^U3
MA($`A4/MV850.T_:5_97\&_M<>"K3P[XXB\27&D6=[%J"0Z1XHU306>>)@\3
M2/87$#R!'"NJNS*KHC@!E4CI/^%L^%?^AF\/_P#@QA_^*H_X6SX5_P"AF\/_
M`/@QA_\`BJ<I.6^NM_GHK^MDE?R79"6DN=;VM?K;73TU?WON<'HG[#_@'P_\
M>=.^)D#^/I?&&EZ>FE07%UX_U^ZM3:K$L?E26<MXUM*IVJ[>9$Q>4>:V9?GK
MURN?_P"%L^%?^AF\/_\`@QA_^*H_X6SX5_Z&;P__`.#&'_XJAR;23>WZN[^]
MMOU8DE>_I^"LON6B\CH**Y__`(6SX5_Z&;P__P"#&'_XJC_A;/A7_H9O#_\`
MX,8?_BJ0SH**Y_\`X6SX5_Z&;P__`.#&'_XJC_A;/A7_`*&;P_\`^#&'_P"*
MH`Z"N)^*O[.?@KXW:E%=^*]"AUF:'1]1T!1+-*L9L=02)+R%D5@K"188QE@6
M7;\I7)SK?\+9\*_]#-X?_P#!C#_\51_PMGPK_P!#-X?_`/!C#_\`%5,H*2M)
M77^:L_O3MZ%PG*$E*#LUV/)_$'_!,[X*>(;+28&\(W>G'0=/TS2M-GTGQ!J>
ME7.GVNG174-I%%-;7$<D:K%>W4;;6!E2=EDWK@#MOV>_V5/`/[*VDZA8^`M`
M&@VFJ"S%U&+VXNA(+2R@L;?F:1R-EM;0Q\8SLW'+%F/1?\+9\*_]#-X?_P#!
MC#_\51_PMGPK_P!#-X?_`/!C#_\`%5LZTVY-R=Y;Z[^O?YF<8I))+967DET]
M/(\Q\1_\$[_A=XM^(/CGQ1J%MXYN-8^)&E-HGB`_\)_X@2VO+,AP(4MUO1#`
MJ>;+Y?DHAB,LA0H7;/<?`C]G[P]^SCX0DT+PU<^+KC3I)O.`\0>+-5\1S0G8
MJ!(YM1N)Y8XPJ#$:,$!R0H)).M_PMGPK_P!#-X?_`/!C#_\`%4?\+9\*_P#0
MS>'_`/P8P_\`Q51%M*RT5K?):I>B>MARU=WZ_/17^Y)?)'045S__``MGPK_T
M,WA__P`&,/\`\51_PMGPK_T,WA__`,&,/_Q5(#H**Y__`(6SX5_Z&;P__P"#
M&'_XJC_A;/A7_H9O#_\`X,8?_BJ`.@HKG_\`A;/A7_H9O#__`(,8?_BJ/^%L
M^%?^AF\/_P#@QA_^*H`X"']@KX1P:UI>I+X,M&U#18M=@L;E[NY>6V36YS/J
M85C(3^_D9C_L;B(]@.*Y;Q'_`,$I?@/XMOKB:_\`!NHRQ7=BVGRV:>)]7BL'
M1M,;26D^RI="#[0U@QMS<;/.*!<N2JD>T?\`"V?"O_0S>'__``8P_P#Q5'_"
MV?"O_0S>'_\`P8P__%4XR:NUUT^6KM][;^;[L:DU)26ZUOYNU_R7W+L1^,OA
M/HWCOX7W7@Z\_M>UT*[LUL'&F:O>:7=I"``%CNK:6.XC.`!N216(R,\FO)]'
M_P""9WPCT3P3X6\,1V7CRY\+>#42'3-#O?B)XBO-+\I'5XXI[6:^:&ZBC95V
M1W"2*@554*H`KUS_`(6SX5_Z&;P__P"#&'_XJC_A;/A7_H9O#_\`X,8?_BJ%
M)\SGU=G?S5[/Y7=O5D.*Y5"VBZ=-?+Y+[CH*\_\`B)_R7;X<_P#<3_\`2=:Z
M#_A;/A7_`*&;P_\`^#&'_P"*KC_$_BW2O%'QV^'W]F:GI^H^1_:/F?9;A)O+
MS;C&=I.,X.,^AI%&A_S=/_W*G_MY7H%>9ZWXAT_PU^TZL^I7UGI\#^%Q&LES
M,L2,QNR=H+$#.`3CV-=9_P`+9\*_]#-X?_\`!C#_`/%4`=!17/\`_"V?"O\`
MT,WA_P#\&,/_`,51_P`+9\*_]#-X?_\`!C#_`/%4`?/?[5?_``30C_::^)GB
M?Q7#XZO_``IK&MVN@VMA=V.GJ]UHXL)-22Z*2&0!OM=GJEU;'Y5,0;>"S8"^
M>_M*_P#!''5_C7\.]<\(>'?C!J7@GPIXAU75+Z\TBUL+]+1XKNWM8(8RMGJ5
MH9FMQ;$*MR9K9UF</;%@CK]C?\+9\*_]#-X?_P#!C#_\51_PMGPK_P!#-X?_
M`/!C#_\`%5=.;A/VD=__`-E_@XIKL[VW=RI[[3EK;;RT:_)M/OUV1X_\"_\`
M@G[HGPG\'_V;J'B/Q1J-Q!XWU?QO;SZ+K6I>&XWFO[^2[$%U%9W:K>QQAUC*
MW&^-PG,8#%:YKPO^Q=\7?#N@?':V?XK?#B>\^,VHMJ5O,/AU>I%H<CVEM8R*
MR?VT3<*;6V0+AXBLK,Y++B(?0O\`PMGPK_T,WA__`,&,/_Q5'_"V?"O_`$,W
MA_\`\&,/_P`56<US1E&6TH\K71I\NG_DL==]%J7&I)2YUOS<WSNW?[Y/3;78
MP_V8OAEXA^"WP#\*^$?$^OZ-XGU7PSI\6F'4M+T>72+>YBA41Q'[/)<W+*XC
M5`Q\XAF#,`@(4=Y7/_\`"V?"O_0S>'__``8P_P#Q5'_"V?"O_0S>'_\`P8P_
M_%5K5JRJ3=2;NV[LPI4HTX*G!62T7H=!17/_`/"V?"O_`$,WA_\`\&,/_P`5
M1_PMGPK_`-#-X?\`_!C#_P#%5F:'045S_P#PMGPK_P!#-X?_`/!C#_\`%4?\
M+9\*_P#0S>'_`/P8P_\`Q5`$WQ)\'_\`"P_AUK^@?:?L?]N:=<:?Y_E^9Y'F
MQ-'OVY&[&[.,C..HKY)M_P#@CM86=[>21>/;P6\EEX=2SLWTO=;:=>Z?<:=+
M?WL:^=G=?QZ581E2<0F)V!<R.#]8?\+9\*_]#-X?_P#!C#_\51_PMGPK_P!#
M-X?_`/!C#_\`%4Z3=.;J0T;M=^E[?F_7KLK#U<6_LWMY7M?_`-)7RNMF[_&=
MY_P1L\0>*_CI?^-?%7QHU#Q1)/KNF:I;P:AIM_=-%:V6N0ZK':D7&IRV\>1%
MY&;2WMHL%7,+,IW>Q_M.?L,:G\4O@UXT\,>`O'-WX5OOB#J$=WK-[XMFUGQG
M:Q1J[2&*QM)]4ACL09-ORP%8@J[?*/RE/:?^%L^%?^AF\/\`_@QA_P#BJ/\`
MA;/A7_H9O#__`(,8?_BJ(/EHQH1TC%MI>MF]=]>5:;:$R@I5)59*[E:_G9-+
M3;1-ZK74\;T']FOXO2_M.:)X\\3?$OX;>(=(TFQCM$TA?A]>VTUBS0!;N6QG
M.LO'`\\H+;I8)W2+]T'(W,WT)7/_`/"V?"O_`$,WA_\`\&,/_P`51_PMGPK_
M`-#-X?\`_!C#_P#%4W+2W]:Z_F.VM_3\%;\CH**Y_P#X6SX5_P"AF\/_`/@Q
MA_\`BJ/^%L^%?^AF\/\`_@QA_P#BJD9T%%<__P`+9\*_]#-X?_\`!C#_`/%4
M?\+9\*_]#-X?_P#!C#_\50!T%>%?M>_L06G[6_B+2;Z\\03:*ND>'=9T:#R;
M,2S0W%ZUE)!>QN7`62VFLHY%4J0S8Y7;SZK_`,+9\*_]#-X?_P#!C#_\51_P
MMGPK_P!#-X?_`/!C#_\`%5,HJ6_GY;IK\GOTW6I=.HX2YH_Y_@]#X]\6_P#!
M'[Q!<^'KBU\-?&O6O#M[JVDZ-IVNW45E>VK^()+2359KRXN)=/U"SN5-W<:H
M\^R&>-4>$!A-$S15W7[-O_!+;1O@AX&UKP_JWB_Q%K-IK.@^&=#>YT*^O_"N
MH1#1K%;576\L;M+@+,5WF-9%`!*$R`DGZ(_X6SX5_P"AF\/_`/@QA_\`BJ/^
M%L^%?^AF\/\`_@QA_P#BJVE5E)R;^TTWHMU>WI:[M:R,>17B_P"567II]^RN
MWJ^IX3XB_8X^)%]^T?XQ\967Q`^&T_AOQ+X/A\&V_A_7?`-[J[1VT/VAXFN[
MEM83[9F6ZE,H,2>;'M3*MND;L/V'/V3IOV/?A5J7AV75M"OUU/5YM5CLO#V@
M_P!@>']$61(T^RZ=IYGN/LMN#&9"GG/F665^`VT>C?\`"V?"O_0S>'__``8P
M_P#Q5'_"V?"O_0S>'_\`P8P__%5,).*:756^5^;\W>^Y4US-.71W^Z*BO_)4
ME;;0Z"O/_P#FZ?\`[E3_`-O*Z#_A;/A7_H9O#_\`X,8?_BJY/1/$.G^)?VG6
MGTV^L]0@3PN8VDMIEE16%V#M)4D9P0<>XJ1GIE%%%`!1110`4444`%%%%`!1
M110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%
M%`!1110!GZ[X3TKQ1Y7]IZ9I^H^1GR_M5NDWEYQG&X'&<#./05G_`/"IO"O_
M`$+/A_\`\%T/_P`3110`?\*F\*_]"SX?_P#!=#_\31_PJ;PK_P!"SX?_`/!=
M#_\`$T44`'_"IO"O_0L^'_\`P70__$T?\*F\*_\`0L^'_P#P70__`!-%%`!_
MPJ;PK_T+/A__`,%T/_Q-'_"IO"O_`$+/A_\`\%T/_P`3110`?\*F\*_]"SX?
M_P#!=#_\31_PJ;PK_P!"SX?_`/!=#_\`$T44`'_"IO"O_0L^'_\`P70__$T?
M\*F\*_\`0L^'_P#P70__`!-%%`!_PJ;PK_T+/A__`,%T/_Q-'_"IO"O_`$+/
MA_\`\%T/_P`3110`?\*F\*_]"SX?_P#!=#_\31_PJ;PK_P!"SX?_`/!=#_\`
M$T44`'_"IO"O_0L^'_\`P70__$T?\*F\*_\`0L^'_P#P70__`!-%%`!_PJ;P
MK_T+/A__`,%T/_Q-'_"IO"O_`$+/A_\`\%T/_P`3110`?\*F\*_]"SX?_P#!
M=#_\31_PJ;PK_P!"SX?_`/!=#_\`$T44`'_"IO"O_0L^'_\`P70__$T?\*F\
M*_\`0L^'_P#P70__`!-%%`!_PJ;PK_T+/A__`,%T/_Q-'_"IO"O_`$+/A_\`
M\%T/_P`3110`?\*F\*_]"SX?_P#!=#_\31_PJ;PK_P!"SX?_`/!=#_\`$T44
M`'_"IO"O_0L^'_\`P70__$T?\*F\*_\`0L^'_P#P70__`!-%%`!_PJ;PK_T+
M/A__`,%T/_Q-6-*^'OA_0[^.[L="T>SNHL[)H+*..1,@@X8`$9!(^AHHH`DU
MOP1HOB6Z6?4M'TO4)T01K)<VD<KJH).T%@3C))Q[FJ?_``J;PK_T+/A__P`%
MT/\`\3110`?\*F\*_P#0L^'_`/P70_\`Q-'_``J;PK_T+/A__P`%T/\`\311
M0`?\*F\*_P#0L^'_`/P70_\`Q-'_``J;PK_T+/A__P`%T/\`\3110`?\*F\*
M_P#0L^'_`/P70_\`Q-'_``J;PK_T+/A__P`%T/\`\3110`?\*F\*_P#0L^'_
M`/P70_\`Q-'_``J;PK_T+/A__P`%T/\`\3110`?\*F\*_P#0L^'_`/P70_\`
MQ-'_``J;PK_T+/A__P`%T/\`\3110`?\*F\*_P#0L^'_`/P70_\`Q-'_``J;
MPK_T+/A__P`%T/\`\3110`?\*F\*_P#0L^'_`/P70_\`Q-'_``J;PK_T+/A_
M_P`%T/\`\3110`?\*F\*_P#0L^'_`/P70_\`Q-'_``J;PK_T+/A__P`%T/\`
M\3110`?\*F\*_P#0L^'_`/P70_\`Q-'_``J;PK_T+/A__P`%T/\`\3110`?\
M*F\*_P#0L^'_`/P70_\`Q-'_``J;PK_T+/A__P`%T/\`\3110`?\*F\*_P#0
ML^'_`/P70_\`Q-'_``J;PK_T+/A__P`%T/\`\3110`?\*F\*_P#0L^'_`/P7
M0_\`Q-'_``J;PK_T+/A__P`%T/\`\3110`?\*F\*_P#0L^'_`/P70_\`Q-'_
M``J;PK_T+/A__P`%T/\`\3110`?\*F\*_P#0L^'_`/P70_\`Q-'_``J;PK_T
M+/A__P`%T/\`\3110`?\*F\*_P#0L^'_`/P70_\`Q-7-$\$:+X:NFGTW1]+T
=^=T,;26UI'$[*2#M)4`XR`<>PHHH`U****`/_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>81
<FILENAME>p9summaryresults.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 p9summaryresults.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X0!F17AI9@``34T`*@````@`!`$:``4`
M```!````/@$;``4````!````1@$H``,````!``(```$Q``(````0````3@``
M``````!@`````0```&`````!4&%I;G0N3D54('8U+C`P`/_;`$,``@$!`@$!
M`@("`@("`@(#!0,#`P,#!@0$`P4'!@<'!P8'!P@)"PD("`H(!P<*#0H*"PP,
M#`P'"0X/#0P."PP,#/_;`$,!`@("`P,#!@,#!@P(!P@,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#/_``!$(`5P"
M_P,!(@`"$0$#$0'_Q``?```!!0$!`0$!`0```````````0(#!`4&!P@)"@O_
MQ`"U$``"`0,#`@0#!04$!````7T!`@,`!!$%$B$Q008346$'(G$4,H&1H0@C
M0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I*C0U-C<X.3I#1$5&1TA)2E-45597
M6%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJ
MLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:X>+CY.7FY^CIZO'R\_3U]O?X
M^?K_Q``?`0`#`0$!`0$!`0$!`````````0(#!`4&!P@)"@O_Q`"U$0`"`0($
M!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R@0@40I&AL<$)(S-2\!5B
M<M$*%B0TX27Q%Q@9&B8G*"DJ-38W.#DZ0T1%1D=(24I35%565UA96F-D969G
M:&EJ<W1U=G=X>7J"@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>X
MN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR\_3U]O?X^?K_V@`,`P$`
M`A$#$0`_`/W0^.WQCTO]GWX.^)/&VM)<RZ7X9L9+ZXCMT#2RA!PB@D#<QP!D
M@<\D"O'O@W^VQXV\<_#'Q1XH\5_!O5/!6GZ7X<?Q/HTYU^WU*TURV$1D5/.A
M3$$K`*=C*Q`;/.,5ZK^TG?/I_P`#/$DB^"I?B)&UKY<_AR,H'U6%F"RQJ'!5
MF$99@I'S%<9!.1\3?L<?`;Q'JWC/XG:3\/\`P;\5/AA\%_$G@ZZTZ'0?'RO`
M;?69MRJ]I!)(\BP[&.YBQW'.3]T#AK5*MZBIZOD;6FS49.[TZOE4=U?1K6ZZ
MJ<*?+"4]%S)/S5XK3T3;>FVJ:LT_H3QW_P`%`?\`A"?^">^F?'C_`(1+[5_:
M-E8WG]A_VIL\O[3/'%M^T>2<[=^<^6,XQ@=:QOBY_P`%-K;X.?MH>'?A5J7@
MVX?1];33UG\2KJ8":?/>F58(W@,7*EX]N_S!U)QQ@_-.JCXI?%W]AOPO^S"/
M@E\2-$\5V4MAI>J:_?V*)X=M[:VN4D:XCO0^V0E44[5'=@"Q`!],_:E_9%U_
MX\_M$_&VUATC688[CX>:2_A[5A:2);R:K9W,D\4<<Q7:7#*H95.X*_;-;UZZ
MC452.M/GEMUIQI\VGJ]GU>ES*G2O35.6D^6S\I2G&*;Z:7DWY:]CU3]IG_@I
M';_L^_M6>"_A=:>$)_$<GB2ZL+;4]374A;1Z(;V=HH`4\IS*Q"2/MW)PHYYX
MB\&_\%+K;Q!^WIJWP3U#P=<:5;VMU-IVG^(O[2$L6H7<5M'<-"8?*7RR8W)!
M\QLD#CGCYK\*?`KXF?$3X:^!?B?XQ\'^(U^(GCGXR:)J^LV0TNX$^C:79+)!
M$9(F4O#"F'<LX``D4D\BMSXU?LX>.;O6/CYX[\/>&->/B_P5\1-,\8^$`=.F
M_P")XL%I''/'"`N9T="ZD1YRR@=>*B-2=*SK:J+ES6[/V+7_`(`JDO\`$XN_
ME4X1GI3T<DDO\2]HONE*$?1/2VY[[)_P4CM[C_@H!9_`^Q\(3WEE--+93^)?
M[2"10WD5G]KD@6#RCOVH8P6\P8+]..9?BG_P4>L_AC^V7I'PMD\)W%YH=U>6
M.DZEXH74`D&E:C>QS26UJT/EG<76-3N\P8W].!GPGX&?LX>,/A[\2_V9O%FM
M>&_$-QKVK7_BCQ;XVNDTZ>0Z?=WUFK)'<$*?*8*$B5&P2R%0,\5PGB?]A#XX
M_'3]G;XA?$Q?%^I^'=4\7ZU<>-$\`7/@Y/[3:XLY6^Q1_:787$4HBC0(BICY
M@,'<25[2I34/:Z\MW4MY22:[VMS<MM7RQOHW>W3A._LW;G5HWONW-*7W1CS)
MZ+F>VB/L#]K/]M+Q;\"OC=X-^'_@?X6GXE^(O&%A=ZA%!_PDD.C>2EN5W_--
M&R-PQ/+*>,`'-<EI_P#P52M[GX(>'/'MUX!U33=(;Q?_`,(=XO2YU!5E\(W&
MY4,QQ&1/$'8*3F,C(XSQ7GWQZ^"7C#]M/]H[X`:S*OQ4^&\=WX*U"75M7T2*
MXTN\T&]>.-OLTTIC_=;I`RE&VEU!`ZYKH?V5?@A=WO\`P3H^)'PH\6_#[4-*
MU?1GU;3;H-97(7Q3-AGBU&!Y-S3-*P0AD9L,@Q@84)U*E*%24]7'F=NZC4M9
M-='%6ZR]Y26B9$%"HX*.BDXKTYH7N[[M2UTLM'%[H]X^!_[5/_"^/CM\1O#&
MD:"#X;^'EQ#ILGB$7P=-0OV4--;)"$X\KHS>8><#:,YKEOVA_P!N75OA]\;8
MOAG\-_AMJGQ6\>QZ>-6U"R@U6#2K/2[9FPK37,P*J[=0F.01SR!4O_!+GX2S
M?!O]AOP-IE_HNH:%KEW;/?ZO;W\$D-X;R61FD:99`'#GC[PS@"O+OB3=>,/V
M,/\`@H#XV^)J_#CQW\1_!'Q,T6QM&?PC8C4M0TJ[M4V!'M]RGRV4;M^0,MC)
M.16U=.G.%*4M%=2DENU%OLTDY:+3:RW=R*#]I"=11UT<4^W-%=T[J-Y/7>_1
M6.Q\-?\`!2^VU;]GKXJ>)M2\#ZIX?\;_``>A9O$'A&^OD\R.386C"7**P:)P
M#B0)S@G:1@GM/V1?VB?B9\?[=]0\9_!W_A6^A7>GPW^E7_\`PE=KK']I"4!@
MOEQ(KQ?(0V7'?&`:^6[[X$_$+XF_`?\`:N^)^J^"-?T'6/B_IL5KH'A9X#/J
M_P!FM8/+C:2&/+"63(_=XW`J>V"?I3]@G]E6Y_9V^&FFWM[XX^*GB2\UK1;`
M3Z5XLUDWEOHDBQ`M%;0F-3!@L4*G)`11VHP\IRFW45K0@VNBE)3OYWT6E_=>
MCN*MRI6IN_O2L^MER?*VLE>WO+56)OVI/VU;KX)?$C0?`'@SP+JGQ-^)'B*U
MDU&WT2SOHM/AM;1&VM/<7,H*Q*6R%)!!*D$CC/*^"_\`@I%/?^!/BJOBKX=Z
MIX+^(OPFT:36]2\+W>I1W$=W`(FDC>&\C0HZ-M`+!#@L,!JYK]IO3?&'[-?_
M``4"TGXW:;X$\6_$7PCJOA!O"VJ6?AFT%[J>FR+<B9)4M]P,BM\HX.!AB2.,
M^/>%=8N/VQ_VL?C\-2TS4?AOXN\9_#C_`(1KPIX7\3V[66JZA;O$[FZ9&^0?
M.,%%=F4$Y^Z37)*M5]G+D=Y-5-+:Q<>;DLNK=HNSO=2;5DM.J-.FIKF5HIPU
MONI.*E?LE>2Z6:5VV]?J;XI?MU_\*T_8Q\(?%W_A%?MO_"5KI#?V3_:7E?9?
MM[1C_7>4=_E^9_<&['\.:K_MZ?M]?\,56^@)9^#KKQO?ZK%=:A>6MOJ`M&TW
M3K94,]V28WW!3(@"_+G)YXKY>U._^)G[1G[,?PO_`&?$^"OQ)\,:[X:O=(M]
M?UW6-/6#0K:VL'3?-!=;MLS,$4A5'=@N[`-=]\8/V3_BC^V=^V!\2]<TWQ??
M?"SP_H.CQ^!K!]2\')J<?B&SFC,MX\(N615C,C;/,CR6"\,,<].*J3<IO#JZ
MYI./^!1CR[ZM.;L[>]9RMJM.?#PBN55]/=C?_$Y-/;JHJZZ72OH]?<?VNOVV
MI_V>/A5X$\1^%?"0^(-W\0]9LM'TBQ75DTQ9FNHGDB?SGC=1G:H^8`?-DL,5
MS/PQ_;Z\<?%#1?B%H=K\$]1M?B[\.Y+/[7X-G\36BPW45R<I)'J!41<1AG(*
M\X`!.<CYFUWX*_$OXH?L1_!'X<:WX>^(>EZY\/\`XI6V@WVI:9IUS;W=MIT!
MF2/4[>4QG9$D3IMGY0%`<U]!?\$\_@UKG[,_Q]^+_@S7M(\3:T]Y=VVL:?X_
MU47%U-XFM63:L%Q=/F-IX"=NU=N02=@ZFH>_5J)2?*V^5Z;<M.2MIO:4F[WZ
MI6:"2Y*4.9)R5N;UYY1?75:)+EMNFW8;^S+_`,%%?B5^T#KWB(WGP&/AWPWX
M.N[_`$S7=7'C:TO#I][:0F1H/($*/)EMB;TRHWYR0#6[^QC^V[\4/VL1H&MW
MGP*_X13X>^(+:6YA\2?\)I:7V`@8*/LHB2;YG7;R!CKTK$_8=^&GB/PK\+OV
MC+75=`UK3+C7?'OB&\TV.[LI8'U""6)!'+"'`\Q'((5ER#V)KQ;_`()!_#GP
MA\(-7\,6=U^S]\;/"/Q3N=*N;+6/%NK:+>VVB2#+2E2TL_EKN"1J,0J2P`XS
MDY4JDW;F_P"?<)?]O2C)O2W1V6ZLK74G<K$0C%2Y>DI+Y1DDNO57Z._D>A>!
M_P#@KYXCU>VTCQ)K_P`$=3T;X9:SXC/AF+Q1:>)K>_:.Y\\PJ7M/*255W*<D
MG'IN.`?HCP!^T_\`\)S^UIX^^%O]A_9?^$'TVPU#^T_MF_[;]J4ML\KRQLVX
MZ[VSZ"OST^%7[&/CCX7_``<\#_$K4-!^)WBN/P_\09[O5OAQJ,=X]I#:F[=8
M]1L]/15?SDR),D.KAB<;0<^^:]\6M=_9?_X*3?%+Q5=?"7XQ^,M`\8:)H]K8
M7OA7PO)J$(>*+YP[LR*,$X(!)!!R!58:I)^R51ZNZ?\`X+C)7Z?$W:UET>J9
M6(I+GJJDM%M\JO*[7_N;W]5NCT;QS_P4PT_X4'XTV7BKPL^D:]\*##+8:>-2
M\T^*;>YPMI+"WE*4,DA5&4*^PGJV"*^AOAOX@U3Q9\/]%U36M(70-6U&RBN;
MO31<_:?L$CH&:$R;4WE2<$[1R.E?*W[:W[,\?Q8_;X_9U\2KX2U75-.AN+U?
M$%W#:2R6T$5NBW%FMVR@HH$Y8KO(!.1S7U!\8?&-Y\/?A3XCUW3M+U#6]0TG
M39[JUT^QMWN+F]E2,E(DC0%F9FP,`=Z(5)0PTJM75JZT[1Z^LMVME96MJ1."
ME5C&EM))_P#@3M;TBT[=6FK['A?@'_@H]9^-OVUK[X3OX3N++1S=7VF:3XH;
M4`\&K7]E%#)=6RP^6-IC$I&[S&R4Z<G$^I_\%$[#P]^WPWP2U/PU+9VLD=O%
M;^(SJ"F*2\GMVGBMF@\L%=ZI(%;S#EE`V\\?(EU^PA\=?@?^SY\/OB9#XOU+
MQ?J_A+7;;QJ_@2S\'(FI175Y*K7J?:$8W$S[9&#HR8PIX&T8]H\?_LJ:W^T9
M^T=^T'.NE:SH;:MHOAO4O"6M7=E);QQ:I:122Q-&[J`6CDVI(!RH=@<9Q2C.
MI",%5U<+J:76T4VU;2^K4;.S<5?=HJ482<W3>DDN1]$W-1UZ_"TY75U=VT29
MWOCW_@I>/!7[/7Q?\>)X):\;X5^,)/"2V']KB/\`M5DF@B\_S/)/DY,^=FU_
MN_>YXM?";_@H%XCN/C1X>\"?%KX1ZQ\)]7\9*_\`PCUT=:M];T_4G1=QA,\"
MJ(Y2,D*0>V<9&?EB_P#A;\2?'W_!,7X_'4/AUXST_P`7>+OB$NMIH3:3,U].
M&GL'E>&(+NDC#++M90057.>":]CE\0^-?V]_VDO@[<VGPJ^('P\\$_"W5'U[
M4]3\9:<NEW5W<)#LB@@@+,S*2>7SC&>A7FZ#GS0C)W;Y.;M9PBYROW3<FNC:
MY4M4+$**A*4%;6I;O=/W(V\]GUZWTN?07[4G[5+?LN:[X"DU'P\U]X5\6ZVF
MAZEK*WOE?V#)*,02/%Y;>9&[Y4G>FW`^]D"O.?%__!2DZ'\/OC?XNTSP2=7\
M+?!^]CTNVO\`^U_*'B*\#(EQ&@\EA$L3N!OS)N]!7IO[<_PSB^+W[('Q&T%]
M+GUFXN=!NI;*T@B:6>2[CC,EOY:KEC()40J%Y)`%?-WC+]GK6=$_X(:/X-T?
MPGKK>*;[PU:W-WH\=C,^IS7TL\4UQNAV^89=Q<D$9&,=JPKU*L:=9I_"KK_M
M[;I]GEEZ\T;[:ZT:=.52BGM*5GZ)ZO\`[>YHKR47;5Z?0?[*OQX^*'QI:[G\
M>?!W_A66EFTBNM-N_P#A++36?[1W\[=D**T>%P<MUSCK7&_LS?\`!1VT_:+_
M`&E?$'@!O"=SH5C;17ESX=UN2_$\7B:&TNVM9Y(X_+7R\2*2!N8D`GCOXA^S
MIK7AWX!?LM_%$?"#]GGXY^`_&3^'X6==<T"_(UJ_*F"(VZO/,S%'E:1@BKA`
M2>!QS-G^PK\8/V+;SX%>-X/%VH?$RP\!:I'ITWAO2?!R6]UI-A?@_;6\V!GF
MN55CDF1<Y^;Y>175S?[1&*^#17Z-R;2=]_=:6R2<7=I:7Y;?N)2^WJTNJ44F
MU;5>]?JV[[-]/6?B%_P5?\5^!O%GQ'N(/@?J&M_#[X6:XVC:]XDL_%%L)X-I
M4>8MD\2NWW@<!R`#RPYKZOUKQO>W7PFG\1^%M'?Q)?SZ7_:&E:8UREDVHNT6
M^*$RN"L1?(&YN%SD]*_-?XJ?L->._&TO[1/C.UL_B+<M8>/3JEKX(E>[M]"\
M=6",DCG[.@5[AR`=CHQ!*!0"37Z9?#?7(_$WP]T/48M+O-$COK""9=.N[9K:
M>Q#1@^2\;`,C)]TJ0,$=*QP;G4PR]H[2M#72ZYH)M[6WO96TLU*^AKB>2%?W
M%>-Y=[/EE9+>^V[OK=<NS/EGX(_\%#_B_P#%[]H+5/`$_P"SG_8]SX4N[*#Q
M1<_\)]97']A0W(WI-M$*B?\`=AFVQ,3Q@X)J;7?^"F7BWQ1JWBB]^%WP-\0_
M$CP-X+O9K'5/$::[;:<LDD/^N^R6\BL]R%&<;""2!P,@UN?LN_#[7=#_`."@
M7[2NL:AHNKV&C:^=!&FW]Q9R16VH>79NLGDR,`LFQB`VTG!X.*\3_9X^)7Q(
M_8!^$?B;X/7GP0^)_C36H-3U"7PYK6@Z<MWHVIQ7,C-$]Q<AL6YW'Y@02!U`
MK.=6HJ<6OB<.9:7YIOE]WT6K25F[O70U5.'M))+12BM]HN+;E]]E?5+M<^U_
MV>OCQH/[3/P9T'QSX:DG?1O$%OY\*S*%EA8,4>-P"0'5U93@D9'4U\M67_!5
M[QS<:5XF\5_\,^ZU>_#'PAK5YI.I^(M,\46UW<P+;2%))OL)B24J!AF^;:H)
M^8XKVC_@G)^SKJW[+/['/@_P;KYB_MVTBFNM02-PZ033S/,T08<'9O"DC@E2
M1Q7Q[\*OB/\`$CX:_L^_%KX/Z3\"?BUJWBWQIXDU\:?J5SH1L_#ZP7CLBS/=
MRLHP%RP^7:W&&YS6V-G.%>4:.MHR:6Z<E*"2OO:SEK==^ACA8QE!.>W,DWLU
M&TO>MLGI'1IVO:Q]B?M"_MJZ?\)_V;]!\?\`A71I?'D_C*XL;7PWI4%U]CDU
MB2[PR*'*/L(CWN<J<;"#CJ*7AW]L+Q-\7_V0O#'Q.^&/PW;QSJWB#9YWAUO$
M-OIC6."Z3@W,R;&,4B%<;06SG`Z5\^>)OV//B?XG\8?`GX6>'/$6H>![;X+>
M%%UF?Q<_AL:KITVKMMMU@B6;;#(Z)YK#))57!QGD>B_\$R?AEXY_9J\1?%?X
M6^+8]6U?3]*UE=<T7Q(=&:PT_6$O(P\ZPA<Q*4E&3&C':7/:G-MRK*+:5Y.#
MTV@U%K9WYGS/6SLDX[W4)I4Z<FKM)<RUWDF_+;W4K=6U+9"_LR_\%'/'WQ^^
M'?B/QKJ'P0/AKP3H&F:E=#5AXQMKTW-U9@[K7R!"DJ[BKCS-I4;>^174_L9_
MMA_%#]J5M&U?6/@?_P`(5X$U[3CJ%EXA_P"$RM-2\W(!C7[,D:2C?SRP&,<B
MN#_8K^%GB?PS_P`$P/''AW4_#NNZ;K]Z/$@@TV[L98+N;S7G\K;$ZACOR-N!
M\V1C-<'_`,$@?`G@SX3:GHFGP_`3XT>!/B/=Z`;77_$^NZ/>VNC7CJ5=U5II
MRBEV52H$*$XQQS10FW549/3D@_G)3;Z='9;JR2TDV[Z8B,8QDX_SR7RC**7W
MJ[V=VWK%6/H7]L7]L[Q-^SK\4/A]X,\'?#4_$CQ)\01?&TM/^$@AT<1?9421
MOGEC=#E68\LOW.Y.*DU+]LCQ)X*\2?!?0?%WPY_X1OQ%\5[^\L+RP_M^*\_X
M1\P(75O,BC*7&]=IPI3;NZDBO-_^"A/[-^N_M$?MD?`&VL+GX@Z!HMFFMC4O
M$GA222UN=%W6\9CS=*C+#YC+L^;[P+`=:N?';X`Z[X2^//[*UAIC>./&VF^#
M=9U'^TM>U,R:E=1(UMA9;RX5`H)8[0S!0<`4J,IV@Y?:J)?]N\S73;2V^O5-
M!6C%74>E.4O^WK2M^*5DOG>YO_LZ_P#!2:P^.?QR^(_@6\\+3>';[P3+?C39
MWU%;A/$$5G,T,[*/+7RG4B,E/GP)`<X'.WHG[>5G??\`!/Z+X[7GAY[-+C2W
MOH=$6^\UYIS,T,-L)O+&3))L7=Y?&_H<<_-^E?LQ>--.^$WQ`\=:3X8UR#QW
MX)^*VO:_HUD]G)#<Z_I5R4BNH(E9<R)/!N*%00SQIC-9VG_`#XE?%/\`8H_9
MK^"]AIWB7P1<75Q-K.OZO?\`AV6YAT%;*26:WBN8I`J;Y)6C*QR%=VSH1P<:
M-2I*A%2OSM4MK7]Y.4I*^FBZ/2\7HDRJD(1KMJW(G4[_`&791TUUM>ZU]Y)7
M:/J?X`_MP+\:OV7_`!=X^O/"L_AW7/`LFI6NM>');\3RV=U9*SM"9A&H.Y0I
MW;.-W0XR?.O!?_!6BP\8?L/^*_BY_P`(7+::SX.N+:&_\,OJZLP6Y>'R)1<"
M'[CQ3JX/E=59>V:\\^'?P'^*W[.OQ5^/OA+Q#=Z[\2[+XI>"KC7H?$MCX8-A
M:3:JL,L#6QC@W1).Z%2%!!?:IQD\^9_M(?LC^/O"_P"Q)X%U/PMX-\3ZCJGC
M'P1I7A3QCH-EITCWT$]L\-Q9W4D`4N&B:.2&3(RJR#.,<:PJSE)2>S5->DFY
MJ;[V;ARKLI*5[:NJ=*'/&$NDI-^</<:7E:,F^[<6C[#^/?[=VJ^"/C#9_#CX
M;_#?4_BIX_?3%UF_T^#58-*M=*M6("M-=3`H';/"XYXYY`JS9?MOZE'\4_@W
MX2UCX>:IX<U7XJIJHNH-0OE2?0)+!"S*56,K.LA'RN&0%2K#(.*\F\=MXR_8
MK_;R\3?$V/X;^.OB/X*^)/A^PL;@^%+$:CJ.D7EJ@0(UOE3Y;*N=Q(&6ZDC%
M:GC=_&7QL_;%_9@\=W?P\\5^&K*R3Q')J5O<6S7#:-&]OLM_M3QJ4A>554A&
M.0S;<L1FJH3;<')[RES?W;<]EZ647?5O=.SL<_+^[;?\EUYOD3;^4KKHNC39
MV'[0/_!1VS^`_P"U5H'P[D\)W.JZ/>3:?:ZYXC2_$4/A^>_DE2UC>+RSOW^4
M6)WJ`".O0^@^.?VG?^$+_:W\"_"S^P_M/_":Z5?ZG_:?VS9]C^R@'9Y.P[]V
M>N]<>AKX<\8?L(_&;]JWX7?&/XA+XNU'P;)X^U6?5(O!&H>#E_M"^3379=-4
MW,S+<6[,L2[0B`?-GY@Q%=KX_P#B[XVT7XZ?LX?%[6?A+\6]>:Q\&:A::_I^
MA^%Y[K4+"]E2.-EDB?9Y>7#,-Y4E>0#6>'K2M#VVCO=W[2IR<5I_+*-N^U][
M&F(I>])4M=+:=XRBI/7^9-OMH[=S]!*^:/`/_!1ZS\;?MK7WPG?PG<66CFZO
MM,TGQ0VH!X-6O[**&2ZMEA\L;3&)2-WF-DITY./5]5^--Y<_LU7OCO3O"GBR
M+4/[%EU.U\/7>F.NL>:(RR6SVR;F$I8`;1GK7YZ77["'QU^!_P"SY\/OB9#X
MOU+Q?J_A+7;;QJ_@2S\'(FI175Y*K7J?:$8W$S[9&#HR8PIX&T8T<Y1Q*C+X
M%92[7D[)]_=2DW;3:]D[DJ*E1;C\3OR_)7]-6XK7HW;5'UWJ?_!1.P\/?M\-
M\$M3\-2V=K)';Q6_B,Z@IBDO)[=IXK9H/+!7>J2!6\PY90-O/&3X]_X*7CP5
M^SU\7_'B>"6O&^%?C"3PDMA_:XC_`+59)H(O/\SR3Y.3/G9M?[OWN>."\?\`
M[*FM_M&?M'?M!SKI6LZ&VK:+X;U+PEK5W926\<6J6D4DL31NZ@%HY-J2`<J'
M8'&<5X_?_"WXD^/O^"8OQ^.H?#KQGI_B[Q=\0EUM-";29FOIPT]@\KPQ!=TD
M899=K*""JYSP36-.=2W+4=FE=OUJ02Z;I<Z:M:W*W=ZG1"G2E4CRZQ;@O_*;
ME+Y-N-NMU):+0^I_A-_P4"\1W'QH\/>!/BU\(]8^$^K^,E?_`(1ZZ.M6^MZ?
MJ3HNXPF>!5$<I&2%(/;.,C/I'[7'[5^C_LD?#RSUB_TW4]?U76]0BTC1=%TY
M0UWJUY*3LB3/`&`26/0#H20#\YR^(?&O[>_[27P=N;3X5?$#X>>"?A;JCZ]J
M>I^,M.72[J[N$AV1000%F9E)/+YQC/0KSZ#_`,%*_A5XP\0P_"[Q[X+T&Y\6
MZA\*_%,6NW6AVSA;C4+7:5D$6?O2+QA1DG)P#T.U24E33>GOI7Z\G-%.5M;-
M)RZ6LE*UF<M)7EJKODO;ISVE[M^VD>M]6KWVE^$?[?GB:[^.N@?#SXL_"/5?
MA-KOC&&67P],VNVVM66I-$NZ2(RPJHCD`YVD$],XR,^>Z]_P5Y\0>%=6\8ZQ
M?_!74&^%W@7Q7-X4U?Q7:>)K>:6WE298A)]A:)9""7C.`Q4;\;B12IK'C#]O
MW]L3X3>(X?AA\0?ASX'^%$]WJM[>>,M-&F7>H74D:I'!#!O9F48!+YQC<#@@
M`\E^RW_P34M/C7XZ^*NL?$R7XGV&C'XFZG?VGA.XO);'P_KD(D22&\>V:,&8
M,20)%?:P0#D`Y5)U93A?1>\WYI3@DWUNTY))-7LI;&LE3C&77X=NC:FVETZ1
M=VG:[6Y[!\2_V^_B'!^TKXC^'/PT^"1^)4GAG3[+4;N^_P"$QM=&`CNH]Z8C
MGBP?3AR>.@J3X^?M\>/_`(;_`+0%E\-_!OP4D\?^(7\*1^*;^)/%EOIK6,9E
M:*2,>9$RRE&`&5;+;N%XS7SE^U=\%O"W_#QKQWXA^)'P"^,7Q1\-W&EZ4OA^
MZ\(:->SP6T\4($A,D,T*G&%&-S8*]!W[?]IG]DOQ7^UA^WPVH:5J'Q0^'.EW
M/PH5;36]*:;3H_MINF*Z?=RA2K##AI(`X;Y`<\9KG56JZ,91NVW.^VRC4<5L
MNL5=6;=E:5W8U5.FIM3LERP[V;;I\SW>W-+LEU3M<]XT;_@H3X?\1?L(7?QS
ML]&U!;*WM)631KF017$MXDQMUM=X##+SX0,%/#`[<\4OP._;0\1?M!_LR>(?
M%WAWX;S3>/\`PSJ5QHU[X*FUV&"2.]@E57A-W(BHOR,'W%`.W/6OEV'X5_$'
MX^?LJ?`OX*Z/X*U_X07%GK-Q/XDOIO#=S=:=I;:;NDBE(GPDRW,[)(N^0AV#
M<L!SZO\`L4?!SXF?LK_MO?$'P_XOU35?'^B_$;2X/$I\60>'!IFGC4HG,4D+
MK#NABE:/!QN!?8IQD\];;G6G%.T9746K;I*5UONN=>]II&VK9S-*-.,K7E%W
MDGO9R<>5VLKI\K;BU=-O16-K]EG]O_XI_M'?%[5/#MU\`O\`A'-)\+ZK)HWB
M35O^$XM+S^Q;A(R^WR1"C3Y.T9B)'S9SP:QO%O\`P5MF\.?LF:!\3[;X;3ZG
M<:[XKN?#*:-%K@5T\GS\S+*8/G8B`XCV#EL;CW[#]@3P%KO@WXJ?M$W.L:+J
MVE6^M^/[B\TZ6\LY($OX#$H$L)8`2(3QN7(]Z^=?A%\!/&UK^S%\"-,N_!GB
MB&\TGXU2:IJ%K/I,Z26=D9[H_:949<I"0RG>P"D,.>16%.=6:IQ3LY1IMNVS
ME*FI?)*4EW2\U<UG&G'VDK749227=1C5:^;<8^6UMVG]=6'[:ND^(_C%\)O#
M>B:<-3TKXKZ%>Z]:ZL+L(+..WBCD"&((=Y;S,'YUVE3U[>>ZA_P47\8_$+Q?
MKL'P<^!^O?%/PSX7O9-.U'7_`.WK71K:6>,CS%M%F4FYV\CY<9(&.&!/F'PB
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MRDE5=RG))QZ;C@'ZB_9ALO$&G?LT>`[;Q6=1?Q/#X>LH]5-_*TMT;H0()?-=
MB2S[\Y))).>:_-KX5?L8^./A?\'/`_Q*U#0?B=XKC\/_`!!GN]6^'&HQWCVD
M-J;MUCU&ST]%5_.3(DR0ZN&)QM!SU5N:.-5._N)J_;6<8^NS=M=-WHF84DI8
M1SM[SV[_``3?INET\EJT?7WQ7_;P^(^D_M0^*/AE\.?@@?B1<^$K*SOKZ\/C
M&UT?8MRFY?DGB(.#D?*Y/'05<^-'[>_BCP5\:8?A[X*^$6J?$'Q9I^AP^(/$
M-G#K]KI_]DV\AQMB,H/VJ0'C:@&<K@\G'S-^U;\(/"][_P`%&O'?B?XE?`/X
MR_%/PY?:7I1T&[\)Z+?316\\<(\TL\4T()&%&TEB"#D#OUO_``46T.V^+GBY
M);/X#_&M/B-!I4#^"O&_A.$QM;RR0AUAOY5=1;B*5RC+)O(&\JRY-<<*M3V,
M)MMOF=TEK]JR6BUNDVMVEI)-G5*G!U>562Y4TWM=J#;>OFU?HWK%I'U"G[6C
M/^U=X4^&#^&;FV;Q/X3D\4&]N+KRIK$K($^S/;[#\W/+;Q@@C!ZUQWCW_@H;
M_P`(1JW[0-K_`,(A]J_X45I]E?;O[5V?VW]HMS-LQY)\C;C&?WF>N!TKRSXD
M:5\4_P!GSXZ_!;XO^(_!'BCXDS:9X$;PQXM@\*VR7VI6M\Y20S+`&'FAG)!*
MX4;6.0,`\K<_"/X@_%WX&?M;_$:\\!>)_#UU\6]/M[?P]X;O+0G69H;2V,2L
M]NFYUD<M_J_O9!P",$WBJLXTJK@]81J[=U/W/7W;-=UJ[F>'A%N'/]IT[?-1
MY_3[5^SVMH?7GCKXX>-4_9Y\/>,O`7PW_P"$\US7;:SO#H/_``D$&E_9XIX?
M,9OM$R[&V$JN-H+9S@=*\-^!7_!4CQ9\1_A+XE^(_BCX*W/A+X;^&;"]N)M:
MM_%=MJ<L]S;.(S:K;"*.3<S[@'.$&.N#FO1_V#_VAKKXJ?#33O"]Y\-?BMX&
MO/"&AV5I/<>*_#QTRVOI$B$3"W8NQDP4)Y"D`CUQ7F'[%OA'Q!\*/^":?B&P
MU_X8ZUXFOCJVK-/X2O;4VEUJEK+>MN"QS+\V8F9U!&'P`",@UMC&XU:WLI>[
MRR<;[)W45TO9;ZW=]]-#+"J]*FJL?>YHJ7?52D^MNB71)/OJ>P?LC_M0^-OV
MA?-E\5_"75/A[I]WI\.JZ-J!UJWU>TU6VEQM_>0@"*7!5O+;)P<]J]OKX3_X
M)I?#C7/"'[27B2[\$^"OBO\`#7X&W&BA?^$>\=JT#PZL9@VZS@DD>18O++98
MD[B3DGY0/NRNA-.$9)6NNN^[6O397NK)JSLKV,FFIR5[VMMMLGI\]U=V=U=V
M"BBBD,****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BO@#_@N=_P`%SO\`
MARY_PJ[_`(M=_P`+*_X65_:W_,R?V-_9WV'[%_TZW'F;_MG^SM\O^+=Q\`?\
M1SG_`%:Y_P"9(_\`O70!^_U%?@#_`,1SG_5KG_F2/_O71_Q'.?\`5KG_`)DC
M_P"]=`'[_45^`/\`Q'.?]6N?^9(_^]='_$<Y_P!6N?\`F2/_`+UT`?O]17X`
M_P#$<Y_U:Y_YDC_[UT?\1SG_`%:Y_P"9(_\`O70!^_U%?@#_`,1SG_5KG_F2
M/_O71_Q'.?\`5KG_`)DC_P"]=`'[_45^`/\`Q'.?]6N?^9(_^]='_$<Y_P!6
MN?\`F2/_`+UT`?O]17X`_P#$<Y_U:Y_YDC_[UT?\1SG_`%:Y_P"9(_\`O70!
M^_U9VH^$-)UC7M/U6\TO3KK5-(WFQO)K9)+BRWKM?RG(W)N4D':1D'!K\$O^
M(YS_`*M<_P#,D?\`WKH_XCG/^K7/_,D?_>NBP7/W^HK\`?\`B.<_ZM<_\R1_
M]ZZ/^(YS_JUS_P`R1_\`>N@#]_J*_`'_`(CG/^K7/_,D?_>NC_B.<_ZM<_\`
M,D?_`'KH`_?ZBOP!_P"(YS_JUS_S)'_WKH_XCG/^K7/_`#)'_P!ZZ`/W^HK\
M`?\`B.<_ZM<_\R1_]ZZ/^(YS_JUS_P`R1_\`>N@#]_J*_`'_`(CG/^K7/_,D
M?_>NC_B.<_ZM<_\`,D?_`'KH`_?ZBOP!_P"(YS_JUS_S)'_WKH_XCG/^K7/_
M`#)'_P!ZZ`/W^HK\`?\`B.<_ZM<_\R1_]ZZ/^(YS_JUS_P`R1_\`>N@#]_J*
M_`'_`(CG/^K7/_,D?_>NC_B.<_ZM<_\`,D?_`'KH`_?ZBOP!_P"(YS_JUS_S
M)'_WKH_XCG/^K7/_`#)'_P!ZZ`/W^HK\`?\`B.<_ZM<_\R1_]ZZ/^(YS_JUS
M_P`R1_\`>N@#]_J*_`'_`(CG/^K7/_,D?_>NC_B.<_ZM<_\`,D?_`'KH`_?Z
MBOP!_P"(YS_JUS_S)'_WKH_XCG/^K7/_`#)'_P!ZZ`/W^HK\`?\`B.<_ZM<_
M\R1_]ZZ/^(YS_JUS_P`R1_\`>N@#]_J*_`'_`(CG/^K7/_,D?_>NC_B.<_ZM
M<_\`,D?_`'KH`_?ZBOP!_P"(YS_JUS_S)'_WKH_XCG/^K7/_`#)'_P!ZZ`/W
M^HK\`?\`B.<_ZM<_\R1_]ZZ/^(YS_JUS_P`R1_\`>N@#]_J*_`'_`(CG/^K7
M/_,D?_>NC_B.<_ZM<_\`,D?_`'KH`_?ZBOP!_P"(YS_JUS_S)'_WKH_XCG/^
MK7/_`#)'_P!ZZ`/W^HK\`?\`B.<_ZM<_\R1_]ZZ/^(YS_JUS_P`R1_\`>N@#
M]_J*_`'_`(CG/^K7/_,D?_>NC_B.<_ZM<_\`,D?_`'KH`_?ZBOP!_P"(YS_J
MUS_S)'_WKH_XCG/^K7/_`#)'_P!ZZ`/W^HK\`?\`B.<_ZM<_\R1_]ZZ/^(YS
M_JUS_P`R1_\`>N@#]_J*_`'_`(CG/^K7/_,D?_>NC_B.<_ZM<_\`,D?_`'KH
M`_?ZBOP!_P"(YS_JUS_S)'_WKH_XCG/^K7/_`#)'_P!ZZ`/W^HK\`?\`B.<_
MZM<_\R1_]ZZ/^(YS_JUS_P`R1_\`>N@#]_J*_`'_`(CG/^K7/_,D?_>NC_B.
M<_ZM<_\`,D?_`'KH`_?ZBOP!_P"(YS_JUS_S)'_WKH_XCG/^K7/_`#)'_P!Z
MZ`/W^HK\`?\`B.<_ZM<_\R1_]ZZ/^(YS_JUS_P`R1_\`>N@#]_J*_`'_`(CG
M/^K7/_,D?_>NC_B.<_ZM<_\`,D?_`'KH`_?ZBOP!_P"(YS_JUS_S)'_WKH_X
MCG/^K7/_`#)'_P!ZZ`/W^HK\`?\`B.<_ZM<_\R1_]ZZ/^(YS_JUS_P`R1_\`
M>N@#]_J*_`'_`(CG/^K7/_,D?_>NC_B.<_ZM<_\`,D?_`'KH`_?ZBOP!_P"(
MYS_JUS_S)'_WKH_XCG/^K7/_`#)'_P!ZZ`/W^HK\`?\`B.<_ZM<_\R1_]ZZ/
M^(YS_JUS_P`R1_\`>N@#]_J*_`'_`(CG/^K7/_,D?_>NC_B.<_ZM<_\`,D?_
M`'KH`_?ZBOP!_P"(YS_JUS_S)'_WKH_XCG/^K7/_`#)'_P!ZZ`/W^HK\`?\`
MB.<_ZM<_\R1_]ZZ/^(YS_JUS_P`R1_\`>N@#]_J*_`'_`(CG/^K7/_,D?_>N
MC_B.<_ZM<_\`,D?_`'KH`_?ZBOP!_P"(YS_JUS_S)'_WKH_XCG/^K7/_`#)'
M_P!ZZ`/W^HK\`?\`B.<_ZM<_\R1_]ZZ^_P#_`((8_P#!<[_A]'_PM'_BUW_"
MM?\`A6O]D_\`,R?VS_:/V[[;_P!.MOY>S['_`+6[S/X=O(!\`?\`!\Y_S:Y_
MW-?_`+A:_`&OW^_X/G/^;7/^YK_]PM?@#0`45^Q-IJFWP5X(TFTU*]UF\_X4
MG]IMO`5P@32/$1$2`NS%F7SDQPODY(/#@;@/G7]H_P")T_PR_P"">7[/\=CX
M^\?^"+F_\/W_`)5IX<B/V;5G#1_)=.+N`HH+8W!)CAW.WLWSE//W.I[-4]7+
MEW?_`$\U^&__`"[Z)K7>\6>E3R]2C&7-O'FV\J;MO_?ZVVOLT?`%%?>'[8_C
M+QK\$M)^"OACX-'5K3P9K?@Z&[@MM)L?M$'B*[E5_M)N(MC+=/LVL5D5MNXG
M`ZUUOQ6\5>*_@=\;/V:O"7PFN=3LO`&O:1ILYMM,A!M?$,LLI%X]RJ`K<-Y1
M!</N"!MPV]:Z8YM*7+RP7O.25Y6^'FOS:.WPZ+7KV,W@THN3;TBINRZ/ELEK
MK\6NUK'YQ45^O?AJZ^&7PL\&_'?1+BVTY/AQXA^(Z>'=0%OM6"Q%U90)(R%1
MA%BN6)XX3:<=*=#\"[+X;_%;X8>'-5MK+6O%/@+X6ZL?#L<L*S1W-_!,BQRI
M&<AFV991VSGJ,CSGQ3%*[I-*UUKO^[]H^FZT3_Q)]T=4LH?,X*:NG;[ZBII_
M-W?E:W6Y^05%??W_``2\^*OQ-^+'[7NDW?C^]\0ZQ:VNEZU%97^K6Q:03%4\
M^!;AEWD(0O[K<5CSPJYKF/VXO^33_P!E'_KTO?\`T?;UZD<TE]<AA)15Y..J
ME=+F51]E>WL_+?RUY%A%*A4K1;]Q2>JM?E47W_O?@?%%%?JW\7O`LMA_P4E^
M)7Q0<:5'%\-/!MK/I[ZE?P6%J^J7%J8;1&FG9(D&2YRS``A>Y%<'\4EUWP)_
MP43^#/CWPUK]YINC?&V32Y]9BT;65EL[RZA>.*Z@>2V<PSH"5/#,I+/BN3#<
M0*LZ<5"SE&_Q;2:<E':_PKFO;LK:FF(P'LH3G>_+KMNK1N]^CDEYV>UC\X**
M_43X=?$;Q#XO_;S_`&H-+U;7M9U33-"\*ZU#IMI=WLL\&GH6BRL*,Q6-3M&0
MH`X'I7,?%7Q5XJ^!WQJ_9I\)?"6YU.S^'^O:1IL_V;3(LVOB&664B\>Y"`K<
M-Y1!</N"!MPV]:=#/95)0@J:3G&,E>6GO1E+5\O11[:W?;6JN7J'M'S74')/
M35\K@M%?JY_*WF?G%17Z]^&KKX9?"SP;\=]$N+;3D^''B'XCIX=U`6^U8+$7
M5E`DC(5&$6*Y8GCA-IQTKY5_X*Y?#*Y^#'A3X%^$KR5)[CP[X9GT]ID^[,(Y
MPHD'LP`8?6E@^(%7KPH^S:Y[6;?>GSOIO&Z37]Y._0JOEGLXSES7Y;WT[3Y%
M]_O/RM;K<^+J*_1WXJ^*O%7P.^-7[-/A+X2W.IV?P_U[2--G^S:9%FU\0RRR
MD7CW(0%;AO*(+A]P0-N&WK7>_M`:EX9^!_[+?Q;;PCXM\2_#_18/BB8DO_!M
MNLMS%(;2`RP*JW-L!&)=ZD"3"[0-IQP5,^<7&U.ZDVEJ[Z34'=6TWNDK[-$0
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MRCO;?7;Y7ZA3PL7.$92LI)MNVR2DWZVY3\ZZ*_8KX?\`PPG^#'[6OP#\*WTJ
MS7/ACX=ZO9?:(P#O\MU42KSQN7D<]&KY&_9!_:0\3Z__`,%!?A]IFG?%KXJ^
M+-"U#45@O4\07$MIYH'FGR3"MY<H\0X(+,.2?E&,G'#9[[?F=*%THN5[O5*4
MX_RNU^2^O>VMC2M@?94W.;V:5O6,9=^G-;Y7TZ?%U%>Z?MH?$7Q#X_\`VT/%
M5EKVNZSK=GHOBN\M-/@O[V6YBL8?M9'E1*[$1IA0-JX'`XXKZ5_X*R:OJWQ!
M_:M7X;Z'X[\?M?>(AI-E'X3$13P^QD";9"XNSEMVUB#;``C.[C-=4<RD_JZ<
M-:J;W>B7+Y:_%Y)6W(J82,:E:#EI2ZVWU:[^7S]3\]J*_4#]LCX;V/Q7_99^
M('P^TB;P]-'\!H]/O/#ZV&MV-Y=3V]O;B'4/.@AD::$A_,)$JJ2P7OFO2OBQ
MJQ?3=:TBSU.^\0WEO\%H+B#P#=H%TF_4[U:\0EVW3Q@`;!$I(V?O#GY?,GQ-
M%4^>-.^KZ].523V=KIV=](M.[T;.JGE,I2C&4K76NFSYE%K?6W,G?KI:[9^.
MM%?K=H'A[P_\:?V?OV>_AW>"WM?%%IX;TKQAX9G;"F::TEC-U;#IDR0DD#U4
MG^&G^.$62P^+RLH96^.F@@@C(/[S3JT7$2]M[%T]>9K?I[2--26G5R>G>+76
MYE_9W[KVJET3VV;A*I;[DM?[WE8_(ZBOVHUS0M!^+7[2_C[QSI)A@\2^!-&U
MCP?XDME.'FB>`3V5SCTVAXR>Y&/X:^;M1TR]\*:!^SKX/^'/C+Q1\-_!WCK2
M+65=>\.Z6ER=7UV67;*E\_VB$LJ9.4+.``5\M@/EC"\2*MRKV=FU%ZMZ<RG+
MHOY8IJRN^9:*S+Q&6JES2Y[I<W3^5P3Z])2:>NBBW=GYT45^DGP2U&X\!>._
M&_P;UC5_&/A7QAXF\=RII?Q&\.Z!%;V>LW4:J/LMQ$H"^5N^=X4)7YCN(&2W
MEO\`P3M\#7?P\_X*\1Z%JE[8:KJ.D:AK$,]Y:1HD$\JP3AI$50%0$Y^4`!>G
M:NVGG2E&I/ETC!S6K]Y**>FBLKZ:ZK=QU.>M@W36KUYN5KLW)I7UZVOI=;J^
MA\6T5^D_[$GQ0'C#]IGXMW3?$?XD^*?[%\%ZR%O-<M?+N=#_`-(C)%F/MLV0
M-H(^>')1>!U'=^'/"NA?$?\`:?\`@O<ZO';>-A;_``VNM3\.^*-31'N_%FHI
MY947$39_>P`LP1FD8%L[L@FN:KQ#[.5IT].7FW?\LY6UBOY/+>Z32;-XY;S.
M24MI<OXTU?=V7O\`G:VNK2/R=HK]!OV6?&OB3]H#]FGXG7?QFO=2UI?#_B32
M6T"\UR,O-9:FUYMEMH'<90'Y%:%<*JL1A037T)^TS\,_#/[0_P`=W\::[):Q
MP?L]:Y/)K\4@!-YI_P!@CO[?/J!.-@'<%J,1Q"J%9TJT-%=R:=TERP:MHKMN
M:C;2V^MR*67NK!NF]6[)-6;=Y:;NRM%Z]]':US\=:*^TO^"U'B*3QI\4_A;K
MEU'%'=ZSX&LKR?8,#=))*Y`]@6.*WOV]O%WC;X/>-/`/@CX3#5K7X=:AX*AF
ML]-TJP^U6.MK*CFZFFBV,ER^S:S-(K%,[OE)R>NAFLJE.E+D2E-R5G+1<M[W
M=O+33:[Z$U,'&-1I2O%1C*]M6I<MK*_][O\`F?!]%?IC\3/$GBOX0?MM_`?P
M!\,Y-0M?A;JFDZ8T>F6$.[3=;@F<B]GG504N&,>&9WW%<[LC.3WWA2'X8^$?
M@9\2?!4\5C#\._'/Q3OO"OGP!1#IKS6J&*1,#`6*Y157LH`.<#-<E7B!Q@IQ
MI7YM4D]=)J-FK:/717=VFKJURJ6`4I*,IVVN[:).$IWWU247?Y-7V/R0HK]2
M_$\WBOX"?M\?LR^!H]<U33HT\*Z=I6M6ME>R16NI&!KA,2HI"R*#N(#`XW>]
M<U\-/B1XB\=_$[]LVTUS7]:UFUT30-9M=.AOKV6XCL(?.G'EPJ[$1IA5^5<#
M@>E5_;[<74A!.-G)/FW2ER_R]=_0U65M35.<K.]-/39S5^_37U/S9HK]HM6T
M'P_\:/C#\(O#:I;VOC7X9:=H7BO3#PAO=-E`@NX1_P!<RB28^@'>OES]H9QJ
M_P#P3Y^--O:!KF?3_C3>2W*1J6:!&DPK,!T4D@`GC/'6HH\1>TDH>SL[I;]'
M-136FJU^]./F9QRYN*DI:-7VZ\DIV_\`)5\I)^1\`45^OOCB\B7PSXZTYG"W
M^E_L^VL-Y;MQ):N5G.QU/*MCG!YY%=+JV@^'_C1\8?A%X;5+>U\:_#+3M"\5
MZ8>$-[ILH$%W"/\`KF423'T`[UD^)K2UI:7U=]EKKMMI=]E=]-7_`&;^[4U+
M5J]K=>6#2]6Y\J\TN^GXNT5^BGC.[C^%?[//Q+\7>"]0UG1/$&H?%34].\9>
M(-#L5N]8T33Q).8A#F6(QHQ*982)DN1N%?/G_!0[X5ZS\.?C=X-M_%OCJ[\=
M#6O#UC?KK%SI<=C>K:R22828+)(99%`)\QY&8YP3@"O2P.;+$58T^7EYG97;
MO?E4G]FUM=+M76J1EB<$Z492O?EN]%T4G#OW6R3M=?+YNHK]1O&?B+Q9\/?^
M"EWPT^&G@P7L'PBN=*LDBT2U@#Z1J-A)%_I$\J`&.4Y&3*V2#CGGG7\/>,_#
M'[/O[-^FZIH_CF'P-X&T?XQ:B9I;>&YN(]7L$>?-BL=O&PD5U4*!)MC`4'=D
M*#Q/B%\L)*G?GLUJ[ZR<=4HMI^2OU7376.77;7-JK7^<'/1WUVLV[6NGU/RB
MHK],/BE\>-`?]@&Y\7^%/$?C?X4:%K_Q+OY;*3PI:AKN1&64B.11=6H1'V[R
M`[;2%`4XR/0/V0O$S7'[._[-:77C#6].O==O-=F:P.3:^+YRT[&VO9#)QO)+
M!FCERV>C$$E3B"<*#K2I6M+EM=WOR.3VB]K6LK]P67Q=14U.]U)WTM:,G'JU
MOO?;S/R/HK])/V&[*X_9K\/>*/B-J.E^%_"]_P"/_'@T+^S=1UFQTR+3=*@N
MG:_2%KJ2,2!6/E;(\L?+&`.TG[$O@WQ!^S#_`,%2_&/PPL];UJ#P=%:ZAJEG
MIJ7DJV,Z20I)!-Y0;8SJA5=^,Y3KQ6E3/E'VMH7Y(N7Q;\J3DM$[6YDKZW=^
MQ*R]^[=[R4=NCDXI_>M5T36NMC\UZ*_07X$^+;KXW_\`!/'QA)\1?$6L:Y9W
MGQ/T>QO[[5+^2YFCL_/M`R^;(Q*HJLW<`9)KT32?$OBZ7_@J_K'PNO8KD?!F
MVTJ2WE\.R6H&@V^E"PWI-Y)'E*/._P"6N,D_+N[553.Y0E4@X*\%)OWM&HPA
M)V?+N^>R5NE[A+`I6?-HVEMK=SE%:7V]UOYI'Y;45^J>A>&?!WQ0_81^''PA
M+VZ1>.&UR7PAJ$AP$U"SOGDM06P/]=&SJ2<9SCJU6?B[\5M-\`?M??$SPOK%
MKXY\)R>.9M`TNP\=^&K3?/I=VMK$5M'D(X5R5RJ$LP8@C!R,?]86ZDJ4*3<D
MY65]6HR4;[;MN6FK7+97NC199^[524TE9-^7_`MU]=DFS\HZ*]E_:F^"]YX'
M_;&\5^$O%7C3P\;V&^+WGB&6RE@LY&>(2[W@M(I71FW`%4C;#DYXRU<GX1\/
MZOX6^.&DV/@/4M+\9:ZMS&NEW.F:=+<0W$[#C9#>6Z,64GJ\0VE=P/`:O<H8
MJ-6G&I'[45);VU7>R_%)VZ'!7HNG.4)?9=M;7^Z[_!M>9PU%?IIX?\6:#XM_
M:?\`V=?A'X]U2P^(7CCP5<WL_B36KF3[6JW;Q2RP:>97R9C$X0$DXW(HZY`X
M_P#:$^*-[:?L<Z%XZ\:V&G^*/&F@?%+4[328O$=N]W'):KYP>W()!>"-P,)N
MVJ8U'0;:\F.=R<X0]G\3T=]&G)QBUHKIVOK:R:>IV/+]'[UFELUL^5RL]=-%
M;KJ[-)IGY]T5]Z?\%$/^$X\3?\%%/!D?@"$R>,=6\):;'9M!:12-;M(LN^5-
MRD0[`2?,7!C`R"N,UY=_P4[^,.E>./$7@/PK!J\'B[Q)\/=#&D^(?$\;&3^V
M+W*[U$C?-*L94CS&)W%V]\[X7-)5O8VA\=V];N*5]=MKI*]UJ]M&8SPT5S^]
M\*3VWO:RWWLV^NB/ERBOO/0/VAO'R?\`!'F_UX^.O&*:U!X[CT]-276;G[7%
M:^0G[A9=^X1_[`.WVKO_`(G>)_%GPD_;>^!'@+X:3:C;_"[5=*TUTTVPBWZ=
MKD$SD7L\ZJ"EPQCPSN^XKG=D9R8>;351TN174G'XM/=@I-M\NFZMOU?34^K1
M]DJKD[<O-M_?<--==5Y=.Y^9M%>Z_';0O^$7_P""@7B;3?A+9V][+;>)98-"
MM;6RBO(UF+8V11.C1D)(6"_+A=H(/R@U]J?#?Q9H/BG]IKX%_"GQSJ>G_$/X
MB^`K?4[S6=9N9/M86_:&22&P\U\F9H2`22<!HEQ@@@5B,W]G0IUXPNI1<K7]
MY)1<F[6MIHGJM6BOJ5JLZ3E\+M?I?FY5Z7WZZ)O9,_+:BOOCXT_%S4-'_8\^
M#?Q#\7V.G>*/B/9^,M6M[<^);9KMIK8/.I#JQ!D2&3RB@8E595&"!BJ'_!1;
M7-8T/_@IM>:II-QKEA/9^'[6>YO]&T2+5KW3H/L>))XX9&15*@_ZS>A3.0P(
M%32S>4IJ#@E?GUOI>%O*[3NM;:;69=3`**E:5[6>V]Y<O?OMW\CX6HK[-_X*
MJS_\)=\+/@-XIMKB?5M.U3PT\$6M:KF/7M6>,Q[GNX^0`,@J1))G>YW'()^,
MJ[\#B_K%+VC5G>2M_ADUV7:^VARXBA[-I)W32?WI/SVV"BBBNPP"BBB@`HHH
MH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"OW^_X,8_^;H_^Y4_]S5?
M@#7[_?\`!C'_`,W1_P#<J?\`N:H`/^#YS_FUS_N:_P#W"U^`-?O]_P`'SG_-
MKG_<U_\`N%K\`D&Y@,XR<4XIMV0'H>H^./BUX7TKPEXSN]8^(NG6+03Z=X8U
MV:ZO(8C##B.:"RN"0-D>\*Z1-A=P!`S5?1/VI_B?X:\.IH^F_$?QYI^D1(T:
M65MK]W%;*K$EE$:R!0"221CG)K]DYO"GP+\,?%77_AY\6_&UAHO@3P#X9\&^
M!],\/2>/)O#KZSI,>C3:_JDL]O#=0B>.[NC%$"RR#SIX]N'"FOD&?X3_`+)W
MCO\`X*!_`6%;#P-X1^%>H>`H_%7Q#TNT\;W,VFQWPAO;K^S%O9[IYH[HQI:6
M[(LJMYS$*B$[:BOA*2FX2BG%/>W2TYJ35MG%-M*[4FXM7LVZ5:?(IQNGRJ6^
M[]V/*O--I:V324D[:+X;\/?'SQWX1\'R^'=)\:^+=+\/SAUDTRTU>X@LY`_W
M@8E<(=V3G(YJ7PI^T9\0O`?ADZ)H?CSQGHNC$,/L%CK5S;6N&SN_=HX7G)SQ
MSFOUT^!?PI_8$\=:KX3NWTOX7_"S5]/T;PIXJO-5L_BUJ<=S::A<7SW-WIUN
MTNI'8]O8VI25Q^]2XN8]I@8*I]JTC]J_X&VG@>]CU3XU^#Q;Z5X?T:UNC8_$
M*2+69IK33]2\27;V]]%="\EGEUB\LH#(DIDDE@="S.&6JJX*'+/FBFU*TEIT
MTYNSUV\M;ZI-TJDY24(OHG'?K9V\M'ZWT:ZK\!H/B#K]KX/NO#L6N:Q'X?O;
M@7=QIBWD@LYY@`!*\0.QG``PQ&>!S6AJGQL\9ZYK>DZG?>+O$]YJ6@Q"'3+J
M?5)Y)].C'1(7+%HU'8*0!7ZZ>,?V6/V$/"GB6\N/$5Y\)M;TOP_JEUJMA>:5
M\6[C4=8^(&DVV@W,\SZCLOFCM;NYU,VR0PQ)!.3N!C8`EO/?VB?V?OV0;3]E
M?QIXC\)Z%\$]"\7Q^!M,U>T;_A9<^NVJZM+9AKO2]/L(M=74DNTEGB*SW-O=
MVNZWE1UCP:RJ0A&,IM)VLW;S3[VULG%IV::46DVDZ@W-PBGI.ZU\I)-/?JU+
M2Z:?,FU=K\WKS]ISXE:CXHM]<N/B%XXGUNT@>V@U"37;I[J&)\;XUE+[E1L#
M*@X..:32OVFOB3H7A)?#]C\0?'%EH*Q-`--@UVZCM!&V=R>4'";3DY&,')]:
M_1/]E3]C[]EWQ+^R7X)?48OA5XQ\:^,?"DA\^Y\>7B^*E\8W.I"WT_2(M$M;
MR)ELUCP9II8/F67<DR;03Z3XZ_;,T'Q__P`%M/B;8KK?@_P)H_P.\#>)O`_P
MKM-6\13Z=H,6K0V+:=#M>^NC:V32-OY0P1-Y,98&0M(U5L'2I_N^5-I3:26G
M[M-M+S;:45;534E=-75"M.HE5YK)N"NWLYN*3?E:[D[W7(XM75E^2_BGX\>.
M?'%AJ%IK?C/Q9K%KJSQ27T-]J]Q<1WC1`")I%=R'*``*6SMQQBJMO\7?%EIH
M^C:=%XG\11:?X<N?MFDVR:C,L.ES[MWFP(&Q$^XD[D`.3G-?H9\28&^'-G^R
M1X-^'WB+X$^/Y_V=I'UGQ$+[XDZ!9:-J&NWM\VHS6@EO+R)+B"."V@B:XBW0
M;VV!RY"GS#_@M>\OQ._:`C\;V7Q@F^)VAW5O:K=6>I?$NP\67'@_4KI'NKG2
M;)HYM]Q86Y8*MS!"+<,?+WEU.7+#TXVC32:YW'HEII&2[J6R>R7+=^]%,IRG
M/>_PIKY[KR:35T];\RM[LFOD:R^-'C'3?$6KZQ;>+/$UOJWB")X-4O8]4G2Y
MU*-\;TFD#;I%;`R&)!QS5WPI^T9\0O`?ADZ)H?CSQGHNC$,/L%CK5S;6N&SN
M_=HX7G)SQSFOVJ^$GP4_8S^#?P,\<^`K7Q+\![O2O'=KI6GV=ROQ9"ZMX\6S
MTV35&_M68WA@TB&;58;>`*B6K($8.<O&:3]F#5_V4_V3]:MY/#OC+X+>%[G7
M=5\+2^-=(TGQHVI:3:7FB6=]KEU]AGN[J:::UEO8],@5A+(CS!HT9B,553"4
M8N4:B7+'EO97T?5)VTBKW3LXO1I-J^=.O4G%5(7N^9K6VJ2Z]'+ITE;23UM^
M'<'Q!U^U\'W7AV+7-8C\/WMP+NXTQ;R06<\P``E>('8S@`88C/`YK6?6O'?[
M17BO0M$:[\6^.]<?R]+T:P,MQJEVV3A+>WCRS\G@(@Z]!7[*>,/V=?V$4G\2
M>+/'$OP1\6J;O^VH[^P^+\\OB+Q@%T:ZU&_FN;:WU#R;:2YU+R;6&WC@CD4[
MLABR9X+]E;X`?!/QQXW_`&:O&G@?PC\(OAMXUM/&5OXG\6:9H_CJX\3ZGI6D
M:<LNJ37\4D6MW<5I:"WACAD@U"TCN5F8XD(.U72H055*LDK./,UKRJ6CEK9Z
M).^TDHOF22"I5DZ;E2=[J7+?JXZVMW;M;HW)<K;:/RP\.?M"?$;X;Z#)X?TC
MQQXVT#2XB\<FFV>LW5K;J23O4Q*X4$G.01ZYK#'Q&\0CP7)X:&O:R/#DMS]M
M?2OMLOV)Y\8\TP[MADQQNQGWK1^.OCNW^*7QN\9>)[.%K:T\1ZY>ZI#$P`:)
M)[AY54X[@,!7*US4:<914Y02D[-Z==_P9T5GR3<(2NDVEZ;?BBUHFN7WAG5K
M?4--O+K3[^T<207-M*T4T+#HRNI!4^X->Q^#/^"AGQ5\-Z+X@TK6/$EUX[T;
MQ+8O87>G^+)I=7@4$$+)'YK[HY%W$@JP&<$AL#'B5%.OAJ59<M6*?JB*=6=.
M7-!V9W>N?M3?$[Q/X9FT34_B-X\U'1KF'[/+87.OW<UK+'C&QHVD*E>!P1CB
MN:MO'^O67@VY\.0ZWJ\/AZ\N%NY]+2\D6RGF4`"5H0=C.```Q&1@5DT54:-.
M.D8I==NHG4EIJ=BG[17Q!C\0Z;JZ^.O&2ZMHUL;*PO1K5R+BQ@(P88I-^Y(\
M<;5('M2>(OVAO'_B_P`2Z7K6K>.?&.J:QH;%].OKO6;F>YT]B0289&<M&<@'
M*D=!7'T4*A3NI<JNO)?UU?WBYY6:OH_Z_0M:OKM]X@UJYU+4+R[OM1O)FN+B
MZN)6EGGD8[F=G8EF8DDDDY)KO+G]L/XN7D$<4WQ3^(\L4+I)&C^);UE1D(*L
M`9."I`(/8@5YS11.C3DDI13MMIMZ#525V[[F]X>^*OBCPEKVHZKI/B37]+U3
M5XY(KZ\M-0F@N+U)&W2+*ZL&<.W+!B03R<UH#]H#QZOB2VUD>-O%PUBSLO[-
MM[[^V+C[3!:\_P"CI)OW+%R?D!V\]*Y&BAT:;WBNVW3L"J2[_P!:?Y+[D=+_
M`,+F\8?;]"N_^$K\2_:O"\8AT:;^TY_,TE!T6W;=F%1Z)@5._P`?/'<B7B-X
MU\6LNHZ@FK70.KW!%S>(5*7+_/\`-,I12)#E@5&#P*Y.BG[&&_*ON\[_`)Z^
MNHN>7?\`JUORT]#JK3XZ^-[#7=9U2#QCXJ@U/Q%&8=5NX]6N%GU-",%)W#[I
M5(XPY(J;P'^T+X_^%>DOI_A?QQXP\-V$K%WMM+UFYLX78_Q%8W4$^^*X^BDZ
M%-KE<5;3HNFWW=!^TE>]_,['PS^T3\0?!<.HQZ-XZ\9:3'J\K3WRV6M7-NM[
M(WWGE".-['N6R36)X1\?:[X`\2QZUH.M:OHFLP[ME_87DEM<IN!#8D0AAD$@
M\\@FLFBFJ,%>T5KH]-UV$YR>C?G\S<\,_$WQ+X+O]1NM&\0ZYI-UJ\+VU_-9
M7\MO)>Q.<O'*R,"ZL>2K9![U(GQ9\51:?HMHOB;Q`MIX;=Y-(A&HS"/2V<Y9
MH%W8B+'DE,9-<_13=*&]E_7_``[^\.=]_P"GO]YU_C3]H/Q]\2'L6\1>./%^
MOMIDPN+,ZCK-S=&TD'1X_,<[&'JN#4-[\=/&^IR:\]SXQ\57#^*42/6FDU:X
M<ZNJ#"+<9?\`?!1P`^<#I7+45*H4TK**MZ+U_-+[ANI.][LV/%_Q#\0?$*2R
M?7]=UC7'TVV6SM#J%[)<FU@7[L4>\G8@SPHP!Z5J:;\>_'6C>!I/"]GXT\6V
MGAJ9&CDTF'5[B.Q=6^\IA#["#W!'-<G13=*#7*XJWH)3DGS)ZG::!^TA\1/"
MGA0:#I?CWQIINAA#'_9UKK=S#:;3U7RE<)@^F*P1X^UX>#/^$;&MZN/#OVK[
M;_9?VR3[%Y^W;YWDYV>9MXW8SCC-9-%"HP3;45=Z[=>X*<K)7V.GU7XV>,]>
M\6Z=X@OO%WB>]U[1T2.PU*?5)Y+NR5"2BQ2LQ=`I)("D8R<5#8?%WQ9I=YKE
MQ:^*/$5M<>)T>/6)8M1F1]65R2ZW!#9F#$DD/G.3GK7/44>QA:W*ON'[25[W
M[?AM]W0ZI?CMXX7Q?8^(1XR\5C7]+MQ9V>I#5KC[9:0`%1%'+OWH@#,-JD##
M'CFF^#_CAXU^'FN:AJGA_P`8>*="U/5F+WMWI^JSVL]XQ8L3(Z,&<EB3EB>2
M3WKEZ*'1IVMRKMMTW_,2G+N=+#\:/&-OJ&MW<?BSQ-'=^)83;ZO,NJ3B358R
M,%+AMV95(XP^14J_';QPOB^Q\0CQEXK&OZ7;BSL]2&K7'VRT@`*B*.7?O1`&
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MAW;W^F[]6N&_L^X=R[S0Y?\`=R,Y+%UP23DG-<M12="GS<W*K]["4Y6M?0W_
M`!I\5_%/Q(AMHO$7B7Q!K\=E)+-;KJ.H372P/*V^5D$C':SM\S$<L>3DU>/Q
M^\>-XOMO$)\:^+CK]G:_88-2_MBX^V06^"/)67?O6/!(V@XY/'-<E11[&G;E
MY5;7IWW^_J-U)-W;-FW^(OB&S\'7GAR'7=9B\/:A<"ZNM,2]E6SN9AC$CPAM
MC.-JX8@D8'I6W??M(?$35/!I\.77CWQI<^'FB\@Z9+K=R]D8_P"YY)?9M]L8
MKBZ*<J-.7Q13Z[=>X*I).Z9NO\4O$\FF:)9-XCUYK+PU*9M(@-_*8M*D+!R]
MNN[$3%@&RF#D`]:W-._:?^)>D:]J.JVGQ$\=6NJ:OM^WWD.O727%[M4*OFN)
M-SX4`#<3@`"N&HI2HTY;Q3WZ=]7][W!3DMF3:AJ%QJU_/=W<\UU=7,C2S32N
M7DE=CDLS'DDDY)/)JWX2\8:OX!\0VVKZ%JNI:+JUD2UO>V%R]M<0$@J2DB$,
MI()'!Z$BLZBM.56Y;:$MN]SMO%_[2WQ'^(-O:1:_\0/&VN1:?<I>6J:AKEU<
MK;3IG;*@=SM=<G##!&3S4>L_M&?$+Q%XITW7=0\>>,[_`%O1MW]GZA<:U<RW
M5CN&&\J5G+1Y'7:1FN-HK*.'I*UHK3R77?[RW5F]VST2Z_:\^+-]J-K>3_%#
MXB37=CO^S3OXCO&DM]PPVQC)E=PX..HK%^(GQU\;_%ZVM8/%GC+Q5XHALF+V
M\>KZM<7JP,1@E!*[!20`"1UQ7*T4HX:C%IQ@DUY('5GW9K1>/]>@\%R^&X];
MU=/#L]R+R32UO)!923@`"4PYV%P`!N(S@=:WM`_:0^(GA3PH-!TOQ[XTTW0P
MAC_LZUUNYAM-IZKY2N$P?3%<715SHPDFI13OKMU)C.2::>QH^$O&&K^`?$-M
MJ^A:KJ6BZM9$M;WMA<O;7$!(*DI(A#*2"1P>A(KJ/$W[3_Q+\:BR&L_$3QUJ
MXTVY6]M!>Z]=7'V6=00LL>^0['`)PPP1D\UPU%$Z4)-2E%-KR!3DDTGN=EJ/
M[1OQ"U?QC8^(KOQYXSNO$&EHT=GJ<VM7+WEHK`AECF+[T!!((4C()J77?VF?
MB1XIUK2]2U/X@^-]1U'1':73KJZUVZFGL'889H79RT9(`!*D$@5Q%%2L/2T]
MU:;:+3^KC]K/75ZFYX]^)OB7XJ:NFH>*/$.N>)+]$$2W.J7\MY,J#HH>1F('
MMFL.BBM(0C%<L59"E)R=Y.X44451(4444`%%%%`!1110`4444`%%%%`!1110
M`4444`%%%%`!1110`5^_W_!C'_S='_W*G_N:K\`:_?[_`(,8_P#FZ/\`[E3_
M`-S5`!_P?.?\VN?]S7_[A:_`&OZT?^"_O_!(+_A[Q\4OV??#7_"P_P#A7O\`
M8/\`PD?^D_V#_:WG^=#8R?<^T0;<?9,=3GS,\;<'XL_X@8_^KH__`#&__P!]
M*`/P7\:>/M>^)&LIJ/B+6M7U_4([:&S6ZU&\DNIE@AC6*&(/(20D<:*BKG"J
MH````K)K]_O^(&/_`*NC_P#,;_\`WTH_X@8_^KH__,;_`/WTH!=C\`:*_?[_
M`(@8_P#JZ/\`\QO_`/?2C_B!C_ZNC_\`,;__`'TH`_`&BOW^_P"(&/\`ZNC_
M`/,;_P#WTH_X@8_^KH__`#&__P!]*`/PD^%?QA\7?`KQE#XC\$>*?$?@WQ#;
M1R11:GH>I3:=>Q(ZE759H65P&4E2`<$$@\5@WM]/J=[-<W,TMQ<7#M)++(Q=
MY')R68GDDDY)/6OWY_X@8_\`JZ/_`,QO_P#?2C_B!C_ZNC_\QO\`_?2AN]K]
M!)6O;J?@#17[_?\`$#'_`-71_P#F-_\`[Z4?\0,?_5T?_F-__OI0,_`&BOW^
M_P"(&/\`ZNC_`/,;_P#WTH_X@8_^KH__`#&__P!]*`/P!K8\)_$3Q!X"MM7A
MT+7=9T6'7[%],U-+"]DMEU&T<JSV\P0@21,54E&RI*C(X%?O-_Q`Q_\`5T?_
M`)C?_P"^E'_$#'_U='_YC?\`^^E%P/P!HK]_O^(&/_JZ/_S&_P#]]*/^(&/_
M`*NC_P#,;_\`WTH`_`&BOW^_X@8_^KH__,;_`/WTH_X@8_\`JZ/_`,QO_P#?
M2@#\`:*_?[_B!C_ZNC_\QO\`_?2C_B!C_P"KH_\`S&__`-]*`/P!HK]_O^(&
M/_JZ/_S&_P#]]*/^(&/_`*NC_P#,;_\`WTH`_`&BOW^_X@8_^KH__,;_`/WT
MH_X@8_\`JZ/_`,QO_P#?2@#\`:*_?[_B!C_ZNC_\QO\`_?2C_B!C_P"KH_\`
MS&__`-]*`/P!HK]_O^(&/_JZ/_S&_P#]]*/^(&/_`*NC_P#,;_\`WTH`_`&B
MOW^_X@8_^KH__,;_`/WTH_X@8_\`JZ/_`,QO_P#?2@#\`:*_?[_B!C_ZNC_\
MQO\`_?2C_B!C_P"KH_\`S&__`-]*`/P!HK]_O^(&/_JZ/_S&_P#]]*/^(&/_
M`*NC_P#,;_\`WTH`_`&BOW^_X@8_^KH__,;_`/WTH_X@8_\`JZ/_`,QO_P#?
M2@#\`:*_?[_B!C_ZNC_\QO\`_?2C_B!C_P"KH_\`S&__`-]*`/P!HK]_O^(&
M/_JZ/_S&_P#]]*/^(&/_`*NC_P#,;_\`WTH`_`&BOW^_X@8_^KH__,;_`/WT
MH_X@8_\`JZ/_`,QO_P#?2@#\`:*_?[_B!C_ZNC_\QO\`_?2C_B!C_P"KH_\`
MS&__`-]*`/P!HK]_O^(&/_JZ/_S&_P#]]*/^(&/_`*NC_P#,;_\`WTH`_`&B
MOW^_X@8_^KH__,;_`/WTH_X@8_\`JZ/_`,QO_P#?2@#\`:*_?[_B!C_ZNC_\
MQO\`_?2C_B!C_P"KH_\`S&__`-]*`/P!HK]_O^(&/_JZ/_S&_P#]]*/^(&/_
M`*NC_P#,;_\`WTH`_`&BOW^_X@8_^KH__,;_`/WTH_X@8_\`JZ/_`,QO_P#?
M2@#\`:*_?[_B!C_ZNC_\QO\`_?2C_B!C_P"KH_\`S&__`-]*`/P!HK]_O^(&
M/_JZ/_S&_P#]]*/^(&/_`*NC_P#,;_\`WTH`_`&BOW^_X@8_^KH__,;_`/WT
MH_X@8_\`JZ/_`,QO_P#?2@#\`:*_?[_B!C_ZNC_\QO\`_?2C_B!C_P"KH_\`
MS&__`-]*`/P!HK]_O^(&/_JZ/_S&_P#]]*/^(&/_`*NC_P#,;_\`WTH`_`&B
MOW^_X@8_^KH__,;_`/WTH_X@8_\`JZ/_`,QO_P#?2@#\`:*_?[_B!C_ZNC_\
MQO\`_?2C_B!C_P"KH_\`S&__`-]*`/P!HK]_O^(&/_JZ/_S&_P#]]*/^(&/_
M`*NC_P#,;_\`WTH`_`&BOW^_X@8_^KH__,;_`/WTH_X@8_\`JZ/_`,QO_P#?
M2@#\`:*_?[_B!C_ZNC_\QO\`_?2C_B!C_P"KH_\`S&__`-]*`/P!HK]_O^(&
M/_JZ/_S&_P#]]*/^(&/_`*NC_P#,;_\`WTH`_`&BOW^_X@8_^KH__,;_`/WT
MH_X@8_\`JZ/_`,QO_P#?2@#\`:*_?[_B!C_ZNC_\QO\`_?2C_B!C_P"KH_\`
MS&__`-]*`/P!HK]_O^(&/_JZ/_S&_P#]]*/^(&/_`*NC_P#,;_\`WTH`_`&B
MOW^_X@8_^KH__,;_`/WTH_X@8_\`JZ/_`,QO_P#?2@#\`:*_?[_B!C_ZNC_\
MQO\`_?2C_B!C_P"KH_\`S&__`-]*`/P!HK]_O^(&/_JZ/_S&_P#]]*/^(&/_
M`*NC_P#,;_\`WTH`_`&BOW^_X@8_^KH__,;_`/WTH_X@8_\`JZ/_`,QO_P#?
M2@#\`:*_?[_B!C_ZNC_\QO\`_?2C_B!C_P"KH_\`S&__`-]*`/P!K]_O^#&/
M_FZ/_N5/_<U1_P`0,?\`U='_`.8W_P#OI7VG_P`$`O\`@D%_PZ'^*7[07AK_
M`(6'_P`+"_M[_A'/])_L'^R?(\F&^D^Y]HGW9^UXZC'EYYW8`!]I?%[_`).D
M^#W_`'&O_21*]9KR;XO?\G2?![_N-?\`I(E>LT`%<3\;OVE_AQ^S-H]EJ/Q(
M^('@CX?:?J4QMK2Z\2ZY:Z3#=2A=QCC>X=`[!03M!)P,UVU>;?M:Z1XS\5?`
M[4]`\!Q2IKWB:2'1VU".>*)M#M;B18[J_'F$!GA@:1T50Q9P@VD9Q,N;:&[L
MM=M7;5]%W>RW>B*@HW][;^OO]-WLAFC_`+:7P<\1>/-`\*Z?\6?AG?\`BCQ7
M9Q:CHFCV_BBQEO\`6+66,R1SVT"RF2:)XU9U=%*LJD@D#->F5\?O^SOXY^#_
M`.VIH,WPFT[XA>'O!LT&CZ=XD:]?PW+X+N]*L;:2%8H4W'6TO45U52H2`D9;
M<!S]@5K+E:YH;7:UWLMG;T\]==C&+E?EDM;)Z:J[W5_+M;3NPHKG]#TWQ7;Z
MI$^I:UX>N[)<^9%;:+-;ROP<8=KJ0+@X)RAR`1QG(E\-V'B2UOG;6-6T2_M3
M&0L=GI4MI('R,,6>XE!&,C&T')!SQ@P:&W17/Z5IOBN'[3]NUKP]<[X&6W\C
M19H?*FXVN^ZZ?>@YR@VD_P!X=S2M-\5P_:?MVM>'KG?`RV_D:+-#Y4W&UWW7
M3[T'.4&TG^\.X!T%%8FCV'B2"QOEU#5M$NKJ2/%G);Z5+!'`^&^:16N',@SM
M.`R'`(SR"(K/3?%::7>)<:UX>EO7V?998]%FCBAP?GWH;HF3(X&'3:>3NZ4`
M=!17/V>F^*TTN\2XUKP]+>OL^RRQZ+-'%#@_/O0W1,F1P,.FT\G=THL]-\5I
MI=XEQK7AZ6]?9]EECT6:.*'!^?>ANB9,C@8=-IY.[I0!T%%8EM8>)%\.W$4V
MK:))J[2`P7*:5*EM&GRY5H3<%F/#<B11R..#NB_LWQ7_`&'Y?]M>'O[3\_=Y
M_P#8LWD>3M^YY7VK=OW<[_,QCC;WH`Z"BN?_`+-\5_V'Y?\`;7A[^T_/W>?_
M`&+-Y'D[?N>5]JW;]W._S,8XV]ZEN;#Q(WAVWBAU;1(]760F>Y?2I7MI$^;"
MK"+@,IY7DR,.#QR-H!X#_P`%3?B#\0O@_P#L\3^,/A[JWCK2+WPTLU_>7&BV
M^@SZ5:P1Q[VGU9-11[E[)`I+KIH-T02$!.",SX3_`!G\<VG_``46N/"NKZ_X
MUF\!^+?"]WK6A6WB.UT/['?S0S67[S1WTZ,7:6T<=PPE75")F9XC&&59#7JW
MQE_98T/X_CPQ=^,_#/PH\8:UX7FDN+*]\1>"8]5^P2LZLLEH)9RULPV+N*NQ
M8JI^7`%)X)_95T+X3^)]1\3>#/#'PG\*>-/$KR2>(]<TWP3':W6NLTF]6E>*
M=)6()8L9))-S'=\O2KHR47>2O\7XQLON>J_E=[7YKQ=5*44EH]/+9W_S3_F3
MMI;WO5Z*Q-8L/$D]C8KI^K:):W4<>+R2XTJ6>.=\+\T:K<(8QG<<%G."!G@D
MQ:KIOBN;[-]AUKP];;(%6X\_19IO-FYW.FVZ38AXPAW$?WCV@1T%%<_JNF^*
MYOLWV'6O#UML@5;CS]%FF\V;G<Z;;I-B'C"'<1_>/8U73?%<WV;[#K7AZVV0
M*MQY^BS3>;-SN=-MTFQ#QA#N(_O'L`=!16)XDL/$EU?(VCZMHEA:B,!H[S2I
M;N0ODY8,EQ$`,8&-I.03GG`BUS3?%=QJDKZ;K7AZTLFQY<5SHLUQ*G`SEUNH
MPV3DC"#`('.,D`Z"BL2]L/$DGB)9;;5M$BT@2(3;2:5+)<E!C>OG"X503\V#
MY>%R,AL<E[8>))/$2RVVK:)%I`D0FVDTJ62Y*#&]?.%PJ@GYL'R\+D9#8Y`-
MNBN?_LWQ7_;GF?VUX>_LSS]WD?V+-Y_D[ON>;]JV[]O&_P`O&>=O:I;*P\21
M^(FEN=6T272#(Y%M'I4L=R$.=B^<;AE)'RY/EX;!P%SP`;=%8EE8>)(_$32W
M.K:)+I!D<BVCTJ6.Y"'.Q?.-PRDCY<GR\-@X"YXBT/3?%=OJD3ZEK7AZ[LES
MYD5MHLUO*_!QAVNI`N#@G*'(!'&<@`Z"BN?T/3?%=OJD3ZEK7AZ[LESYD5MH
MLUO*_!QAVNI`N#@G*'(!'&<B7PW8>)+6^=M8U;1+^U,9"QV>E2VD@?(PQ9[B
M4$8R,;0<D'/&"`;=%<_I6F^*X?M/V[6O#USO@9;?R-%FA\J;C:[[KI]Z#G*#
M:3_>'<TK3?%</VG[=K7AZYWP,MOY&BS0^5-QM=]UT^]!SE!M)_O#N`=!16)H
M]AXD@L;Y=0U;1+JZDCQ9R6^E2P1P/AOFD5KAS(,[3@,AP",\@B*STWQ6FEWB
M7&M>'I;U]GV66/19HXH<'Y]Z&Z)DR.!ATVGD[NE`'045S]GIOBM-+O$N-:\/
M2WK[/LLL>BS1Q0X/S[T-T3)D<##IM/)W=*EMK#Q(OAVXBFU;1)-7:0&"Y32I
M4MHT^7*M";@LQX;D2*.1QP=P!MT5S_\`9OBO^P_+_MKP]_:?G[O/_L6;R/)V
M_<\K[5NW[N=_F8QQM[T?V;XK_L/R_P"VO#W]I^?N\_\`L6;R/)V_<\K[5NW[
MN=_F8QQM[T`=!17/_P!F^*_[#\O^VO#W]I^?N\_^Q9O(\G;]SROM6[?NYW^9
MC'&WO4MS8>)&\.V\4.K:)'JZR$SW+Z5*]M(GS8581<!E/*\F1AP>.1M`-NBN
M?O--\5OI=FEOK7AZ*]3?]JEDT6:2*;)^38@N@8\#@Y=]QY&WI1>:;XK?2[-+
M?6O#T5ZF_P"U2R:+-)%-D_)L070,>!P<N^X\C;TH`Z"BL36+#Q)/8V*Z?JVB
M6MU''B\DN-*EGCG?"_-&JW"&,9W'!9S@@9X),6JZ;XKF^S?8=:\/6VR!5N//
MT6:;S9N=SIMNDV(>,(=Q']X]@#H**Y_5=-\5S?9OL.M>'K;9`JW'GZ+--YLW
M.YTVW2;$/&$.XC^\>TOB2P\275\C:/JVB6%J(P&CO-*ENY"^3E@R7$0`Q@8V
MDY!.><``VZ*Y_7--\5W&J2OINM>'K2R;'EQ7.BS7$J<#.76ZC#9.2,(,`@<X
MR37--\5W&J2OINM>'K2R;'EQ7.BS7$J<#.76ZC#9.2,(,`@<XR0#H**Q+VP\
M22>(EEMM6T2+2!(A-M)I4LER4&-Z^<+A5!/S8/EX7(R&QR7MAXDD\1++;:MH
MD6D"1";:32I9+DH,;U\X7"J"?FP?+PN1D-CD`VZ*Y_\`LWQ7_;GF?VUX>_LS
MS]WD?V+-Y_D[ON>;]JV[]O&_R\9YV]JELK#Q)'XB:6YU;1)=(,CD6T>E2QW(
M0YV+YQN&4D?+D^7AL'`7/`!MT5B65AXDC\1-+<ZMHDND&1R+:/2I8[D(<[%\
MXW#*2/ER?+PV#@+GB+0]-\5V^J1/J6M>'KNR7/F16VBS6\K\'&':ZD"X."<H
M<@$<9R`#H**Q/#=AXDM;YVUC5M$O[4QD+'9Z5+:2!\C#%GN)01C(QM!R0<\8
M,6E:;XKA^T_;M:\/7.^!EM_(T6:'RIN-KONNGWH.<H-I/]X=P#H**Y_2M-\5
MP_:?MVM>'KG?`RV_D:+-#Y4W&UWW73[T'.4&TG^\.YI6F^*X?M/V[6O#USO@
M9;?R-%FA\J;C:[[KI]Z#G*#:3_>'<`Z"BL31[#Q)!8WRZAJVB75U)'BSDM]*
ME@C@?#?-(K7#F09VG`9#@$9Y!$5GIOBM-+O$N-:\/2WK[/LLL>BS1Q0X/S[T
M-T3)D<##IM/)W=*`.@HKG[/3?%::7>)<:UX>EO7V?998]%FCBAP?GWH;HF3(
MX&'3:>3NZ5+;6'B1?#MQ%-JVB2:NT@,%RFE2I;1I\N5:$W!9CPW(D4<CC@[@
M#;HKG_[-\5_V'Y?]M>'O[3\_=Y_]BS>1Y.W[GE?:MV_=SO\`,QCC;WH_LWQ7
M_8?E_P!M>'O[3\_=Y_\`8LWD>3M^YY7VK=OW<[_,QCC;WH`Z"BL2YL/$C>';
M>*'5M$CU=9"9[E]*E>VD3YL*L(N`RGE>3(PX/'(VQ7FF^*WTNS2WUKP]%>IO
M^U2R:+-)%-D_)L070,>!P<N^X\C;TH`Z"BN?O--\5OI=FEOK7AZ*]3?]JEDT
M6:2*;)^38@N@8\#@Y=]QY&WI1>:;XK?2[-+?6O#T5ZF_[5+)HLTD4V3\FQ!=
M`QX'!R[[CR-O2@#H**Q-8L/$D]C8KI^K:):W4<>+R2XTJ6>.=\+\T:K<(8QG
M<<%G."!G@DQ:KIOBN;[-]AUKP];;(%6X\_19IO-FYW.FVZ38AXPAW$?WCV`.
M@HKG]5TWQ7-]F^PZUX>MMD"K<>?HLTWFS<[G3;=)L0\80[B/[Q[2^)+#Q)=7
MR-H^K:)86HC`:.\TJ6[D+Y.6#)<1`#&!C:3D$YYP`#;HKG]<TWQ7<:I*^FZU
MX>M+)L>7%<Z+-<2IP,Y=;J,-DY(P@P"!SC)EO;#Q))XB66VU;1(M($B$VTFE
M2R7)08WKYPN%4$_-@^7A<C(;'(!MT5B7MAXDD\1++;:MHD6D"1";:32I9+DH
M,;U\X7"J"?FP?+PN1D-CF+^S?%?]N>9_;7A[^S//W>1_8LWG^3N^YYOVK;OV
M\;_+QGG;VH`Z"BN?_LWQ7_;GF?VUX>_LSS]WD?V+-Y_D[ON>;]JV[]O&_P`O
M&>=O:I;*P\21^(FEN=6T272#(Y%M'I4L=R$.=B^<;AE)'RY/EX;!P%SP`;=%
M8EE8>)(_$32W.K:)+I!D<BVCTJ6.Y"'.Q?.-PRDCY<GR\-@X"YXBT/3?%=OJ
MD3ZEK7AZ[LESYD5MHLUO*_!QAVNI`N#@G*'(!'&<@`Z"BL3PW8>)+6^=M8U;
M1+^U,9"QV>E2VD@?(PQ9[B4$8R,;0<D'/&#%I6F^*X?M/V[6O#USO@9;?R-%
MFA\J;C:[[KI]Z#G*#:3_`'AW`.@HKG]*TWQ7#]I^W:UX>N=\#+;^1HLT/E3<
M;7?==/O0<Y0;2?[P[RZ/8>)(+&^74-6T2ZNI(\6<EOI4L$<#X;YI%:X<R#.T
MX#(<`C/((`-NBN?L]-\5II=XEQK7AZ6]?9]EECT6:.*'!^?>ANB9,C@8=-IY
M.[I19Z;XK32[Q+C6O#TMZ^S[++'HLT<4.#\^]#=$R9'`PZ;3R=W2@#H**Y^S
MTWQ6FEWB7&M>'I;U]GV66/19HXH<'Y]Z&Z)DR.!ATVGD[NE2VUAXD7P[<13:
MMHDFKM(#!<II4J6T:?+E6A-P68\-R)%'(XX.X`VZ*S_#=MJUK8NNL7NG7]T9
M"5DL[)[2,)@84J\LI)SDYW`8(&.,G0H`*\F^$/\`R=)\8?\`N"_^DCUZS7DW
MPA_Y.D^,/_<%_P#21Z`#XO?\G2?![_N-?^DB5ZS7DWQ>_P"3I/@]_P!QK_TD
M2O6:`"BBB@`HHHH`****`"BBB@`HHHH`****`,;X@_$'1_A9X0O->UZ\^P:3
M8;//G\IY=F]UC7Y4!8Y9E'`/7TKS/_AX'\(?^AN_\I=[_P#&:/\`@H'_`,FB
M>+O^W/\`]+8*_-"OBN).),3E^)C1HQBTXIZIWO=KHUV/<RS+*6(I.<VTT[:6
M[+R/TO\`^'@?PA_Z&[_REWO_`,9H_P"'@?PA_P"AN_\`*7>__&:_-"BOG_\`
M7G'_`,D/NE_\D>C_`&#A_P":7WK_`"/TO_X>!_"'_H;O_*7>_P#QFC_AX'\(
M?^AN_P#*7>__`!FOS0HH_P!><?\`R0^Z7_R0?V#A_P":7WK_`"/TO_X>!_"'
M_H;O_*7>_P#QFC_AX'\(?^AN_P#*7>__`!FOS0HH_P!><?\`R0^Z7_R0?V#A
M_P":7WK_`"/TO_X>!_"'_H;O_*7>_P#QFN8\:_\`!6C]GWX>:K'9:SX_^QW4
ML0G5/[#U*3*%BH.4MR.JGCKQ7Y[U\P_MI_\`)4M/_P"P5'_Z.FKU<FXKQ>+Q
M*HU(Q2LWHG_FSFQ>3T:5/GBW^'^1^QW_``^D_9G_`.BE?^6]JO\`\C4?\/I/
MV9_^BE?^6]JO_P`C5^"=%?7?7)]D>5]5AW9^]G_#Z3]F?_HI7_EO:K_\C4?\
M/I/V9_\`HI7_`);VJ_\`R-7X)T4?7)]D'U6'=G[V?\/I/V9_^BE?^6]JO_R-
M1_P^D_9G_P"BE?\`EO:K_P#(U?@G11]<GV0?58=V?O9_P^D_9G_Z*5_Y;VJ_
M_(U'_#Z3]F?_`**5_P"6]JO_`,C5^"=%'UR?9!]5AW9_3YX&\:Z9\2?!.C^(
M]$N?MNC:_8PZC87'EO'Y]O-&LD;[7`9=R,#A@",X(!XK4KRW]AS_`),I^#W_
M`&)&B_\`I!#7J5>C%W29PR5G8****8@HHHH`****`"BBB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"O)OA#_`,G2?&'_`+@O_I(]>LUY-\(?^3I/C#_W!?\`TD>@`^+W_)TG
MP>_[C7_I(E>LUY-\7O\`DZ3X/?\`<:_])$KUF@`HHKY`_P""PFN2^%_AI\/]
M6?Q]X8\'Z7I?B22XU+3=8^+>I?#,^+(O[/NT2Q@U'3U:X>83/#,L`&'\G!(J
M9225W_7YEPCS.R[/\%<^OZ*_,RU_:4UCQC^T+HDPU_X@^$/B1-X@\$KX.^'6
MH^);X33^%KNUL7U6:ZT\R^7?/'YFHK-=S+(\+VJ?O$;AOTSK>=%QCS/NU]RB
M^E_YDGVDI+I=XJ=Y*/>,9?\`@5_\K^::?DBBN?T/QGJ6K:I%;W'A'Q#I<,F=
MUS<S6+118!(R(KEWY(P,*>2,X&2)?#?BN_UV^>&Z\,ZWHL:QEQ/>2V;QL<@;
M`(9Y&R<D\J!@'G.`<BS;HKG]*\9ZEJ/VGSO"/B&P\B!ID\^:Q;[0PQB)/+N6
MP[=BVU>.6'%&E>,]2U'[3YWA'Q#8>1`TR>?-8M]H88Q$GEW+8=NQ;:O'+#B@
M#H**Q-'\5W^IV-]-/X9UO3I+2/?%!<2V;27APQV1F.=U!X`_>,@RPYQDB*S\
M9ZE<Z7>7#^$?$-O-:[/+MI)K$RW>XX.PK<E!M')WLO'3<>*`.@HKG[/QGJ5S
MI=Y</X1\0V\UKL\NVDFL3+=[C@["MR4&T<G>R\=-QXHL_&>I7.EWEP_A'Q#;
MS6NSR[:2:Q,MWN.#L*W)0;1R=[+QTW'B@#SK_@H'_P`FB>+O^W/_`-+8*_-"
MOT?_`&WM:N==_8V\8376D:CHLBR6B""\>!Y&'VRW.\&&21<')'+`Y!XQ@G\X
M*_*N.?\`?X?X%_Z5(^MR'_=Y?XG^2"BBBOC#VPHHHH`****`"OF']M/_`)*E
MI_\`V"H__1TU?3U?,/[:?_)4M/\`^P5'_P"CIJ^BX7_WY>C.#,OX/S1Y#111
M7Z4?/!1110`4444`%%%%`']'W[#G_)E/P>_[$C1?_2"&O4J\2_8/\5W]U^R7
M\(+&3PSK=M:CP9I"#4));,VQ"V$6'PLYEPV!C]WGYAD+SCU+PWXKO]=OGANO
M#.MZ+&L9<3WDMF\;'(&P"&>1LG)/*@8!YS@'VH?"CR9;LVZ*Y_2O&>I:C]I\
M[PCXAL/(@:9//FL6^T,,8B3R[EL.W8MM7CEAQ1I7C/4M1^T^=X1\0V'D0-,G
MGS6+?:&&,1)Y=RV';L6VKQRPXJB3H**Q-'\5W^IV-]-/X9UO3I+2/?%!<2V;
M27APQV1F.=U!X`_>,@RPYQDB*S\9ZE<Z7>7#^$?$-O-:[/+MI)K$RW>XX.PK
M<E!M')WLO'3<>*`.@HKG[/QGJ5SI=Y</X1\0V\UKL\NVDFL3+=[C@["MR4&T
M<G>R\=-QXJ6V\5W\_AVXOG\,ZW#=0R!$T]Y;,W,X^7YU(G,0')^](I^0\=,@
M&W17/_\`"9ZE_8?VO_A$?$/VCS_)^Q>=8^?MVY\W/VGR]F?EQOW9_AQS1_PF
M>I?V']K_`.$1\0_://\`)^Q>=8^?MVY\W/VGR]F?EQOW9_AQS0!T%%<__P`)
MGJ7]A_:_^$1\0_://\G[%YUCY^W;GS<_:?+V9^7&_=G^''-2W/BN_@\.V]\G
MAG6YKJ:0H^GI+9BY@'S?.Q,XB(X'W9&/SCCK@`VZ*Y^\\9ZE;:79W">$?$-Q
M-=;_`#+:.:Q$MIM.!O+7(0[AR-C-QUVGBB\\9ZE;:79W">$?$-Q-=;_,MHYK
M$2VFTX&\M<A#N'(V,W'7:>*`.@HK$UCQ7?Z98V,T'AG6]1DNX]\L%O+9K)9G
M"G9(9)T4GDC]VSC*GG&"8M5\9ZEIWV;R?"/B&_\`/@69_(FL5^SL<YB?S+E<
MNO<KN7GACS0!T%%<_JOC/4M.^S>3X1\0W_GP+,_D36*_9V.<Q/YERN77N5W+
MSPQYJ7Q)XKO]"ODAM?#.MZU&T8<SV<MFD:G)&PB:>-LC`/"D8(YSD``VZ*Y_
M7/&>I:3JDMO;^$?$.J0QXVW-M-8K%+D`G`EN4?@G!RHY!QD8)-<\9ZEI.J2V
M]OX1\0ZI#'C;<VTUBL4N0"<"6Y1^"<'*CD'&1@D`Z"BL2]\5W]KXB6QC\,ZW
M<VID1#J$<MF+8!L9?#3B7"Y.?W>?E.`W&?.O'G[:OAGX;?M%Z)\,]7T/QS::
MMXB=(].U>309H_#]TYB>8QKJ+XMC,L<4K&'?YN(F(1AC*OK8=M&^Q[!17EWP
M4_:ST#]HN*_O/!.FZSX@T/3-7ET6?5[=K1;+S8RNYT+SAY(MKHX=$;<K<9/%
M=M9>*[^Z\1-8R>&=;MK42.@U"26S-L0N</A9S+AL#'[O/S#(7G%-/3SL_D]4
M_FM42I)WMTNOFG9KY/1^9MT5B67BN_NO$36,GAG6[:U$CH-0DELS;$+G#X6<
MRX;`Q^[S\PR%YQ%H?C/4M6U2*WN/"/B'2X9,[KFYFL6BBP"1D17+OR1@84\D
M9P,D(9T%%8GAOQ7?Z[?/#=>&=;T6-8RXGO);-XV.0-@$,\C9.2>5`P#SG`,6
ME>,]2U'[3YWA'Q#8>1`TR>?-8M]H88Q$GEW+8=NQ;:O'+#B@#H**Y_2O&>I:
MC]I\[PCXAL/(@:9//FL6^T,,8B3R[EL.W8MM7CEAQ1I7C/4M1^T^=X1\0V'D
M0-,GGS6+?:&&,1)Y=RV';L6VKQRPXH`Z"BL31_%=_J=C?33^&=;TZ2TCWQ07
M$MFTEX<,=D9CG=0>`/WC(,L.<9(BL_&>I7.EWEP_A'Q#;S6NSR[:2:Q,MWN.
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M-=;_`#+:.:Q$MIM.!O+7(0[AR-C-QUVGBB\\9ZE;:79W">$?$-Q-=;_,MHYK
M$2VFTX&\M<A#N'(V,W'7:>*`.@HK$UCQ7?Z98V,T'AG6]1DNX]\L%O+9K)9G
M"G9(9)T4GDC]VSC*GG&"8M5\9ZEIWV;R?"/B&_\`/@69_(FL5^SL<YB?S+E<
MNO<KN7GACS0!T%%<_JOC/4M.^S>3X1\0W_GP+,_D36*_9V.<Q/YERN77N5W+
MSPQYJ7Q)XKO]"ODAM?#.MZU&T8<SV<MFD:G)&PB:>-LC`/"D8(YSD``VZ*Y_
M7/&>I:3JDMO;^$?$.J0QXVW-M-8K%+D`G`EN4?@G!RHY!QD8)EO?%=_:^(EL
M8_#.MW-J9$0ZA'+9BV`;&7PTXEPN3G]WGY3@-QD`VZ*Q+WQ7?VOB);&/PSK=
MS:F1$.H1RV8M@&QE\-.)<+DY_=Y^4X#<9B_X3/4O[<^R?\(CXA^S^?Y/VWSK
M'R-N['FX^T^9LQ\V-F['\.>*`.@HKG_^$SU+^W/LG_"(^(?L_G^3]M\ZQ\C;
MNQYN/M/F;,?-C9NQ_#GBI;+Q7?W7B)K&3PSK=M:B1T&H22V9MB%SA\+.9<-@
M8_=Y^89"\X`-NBL2R\5W]UXB:QD\,ZW;6HD=!J$DMF;8A<X?"SF7#8&/W>?F
M&0O.(M#\9ZEJVJ16]QX1\0Z7#)G=<W,UBT46`2,B*Y=^2,#"GDC.!D@`Z"BL
M3PWXKO\`7;YX;KPSK>BQK&7$]Y+9O&QR!L`AGD;)R3RH&`><X!BTKQGJ6H_:
M?.\(^(;#R(&F3SYK%OM##&(D\NY;#MV+;5XY8<4`=!17/Z5XSU+4?M/G>$?$
M-AY$#3)Y\UBWVAAC$2>7<MAV[%MJ\<L.*ET?Q7?ZG8WTT_AG6].DM(]\4%Q+
M9M)>'#'9&8YW4'@#]XR#+#G&2`#;HKG[/QGJ5SI=Y</X1\0V\UKL\NVDFL3+
M=[C@["MR4&T<G>R\=-QXHL_&>I7.EWEP_A'Q#;S6NSR[:2:Q,MWN.#L*W)0;
M1R=[+QTW'B@#H**Y^S\9ZE<Z7>7#^$?$-O-:[/+MI)K$RW>XX.PK<E!M')WL
MO'3<>*EMO%=_/X=N+Y_#.MPW4,@1-/>6S-S./E^=2)S$!R?O2*?D/'3(!MT5
MG^&]:N==L7FNM(U'19%D*""\>!Y&&`=X,,DBX.2.6!R#QC!.A0`5Y-\(?^3I
M/C#_`-P7_P!)'KUFO)OA#_R=)\8?^X+_`.DCT`'Q>_Y.D^#W_<:_])$KUFO)
MOB]_R=)\'O\`N-?^DB5ZS0`4444`%%%%`!1110`4444`%%%%`!1110!XU_P4
M#_Y-$\7?]N?_`*6P5^:%?I?_`,%`_P#DT3Q=_P!N?_I;!7YH5^5<<_[_``_P
M+_TJ1];D/^[R_P`3_)!1117QA[84444`%%%%`!7S#^VG_P`E2T__`+!4?_HZ
M:OIZOF']M/\`Y*EI_P#V"H__`$=-7T7"_P#OR]&<&9?P?FCR&BBBOTH^>"BB
MB@`HHHH`****`/Z/OV'/^3*?@]_V)&B_^D$->I5Y;^PY_P`F4_![_L2-%_\`
M2"&O4J]J'PH\F6["BBBJ)"BBB@`HHHH`****`"BBB@`HHHH`****`"O(?C_^
MVGX6_9Q\8VVAZYI_B"[N[NR6^1[&"&2,(SR(`2\J'=F-NV,$<^GKU?`?_!5+
M_DX31O\`L78/_2FZKPN(\PK8/!NO0^*Z6NNYZ&68>%>M[.IM9GLO_#U+X>_]
M`;QG_P"`EM_\?H_X>I?#W_H#>,__``$MO_C]?`5%?GW^N>9=U]Q]%_8F&[/[
MS[]_X>I?#W_H#>,__`2V_P#C]?-/QX_:X@^*W[:'@'QIIWAC4].\/^![N*\&
MJW7BV\NI;A!#/'+`GAYE_LV*9Q.R"_6<W"(2!Q\E>,44+C+,E)24E=.ZTZ_U
MTV:T::;3'DF&<90L[25GKT>__#[K=6:37O\`^P[_`,%!M2^&6I_$Q_B/X(LM
M'A\6^*9_$NG'PWKS:TP\](T>"83VMF$V"%"'4OO\Q@53:"WOW_#U+X>_]`;Q
MG_X"6W_Q^O@*BG_KGF7+&*<;12BM.D4DOP2$LCPO-*23]YN3UZR;;_%MGW[_
M`,/4OA[_`-`;QG_X"6W_`,?H_P"'J7P]_P"@-XS_`/`2V_\`C]?`5%+_`%SS
M+NON'_8F&[/[SZ>_XB)?@I_T*_Q2_P#!;8?_`"91_P`1$OP4_P"A7^*7_@ML
M/_DRO%/AS_P;M_\`"?\`P]T'7O\`A</V3^V].M[_`,C_`(13S/)\V)9-F[[8
M-V-V,X&<=!6S_P`0UO\`U6G_`,M#_P"[:_3X5*\HJ45HSYF4**;39ZE_Q$2_
M!3_H5_BE_P""VP_^3*/^(B7X*?\`0K_%+_P6V'_R97EO_$-;_P!5I_\`+0_^
M[:/^(:W_`*K3_P"6A_\`=M7S8CM^0K4.YZE_Q$2_!3_H5_BE_P""VP_^3*/^
M(B7X*?\`0K_%+_P6V'_R97EO_$-;_P!5I_\`+0_^[:/^(:W_`*K3_P"6A_\`
M=M'-B.WY!:AW/4O^(B7X*?\`0K_%+_P6V'_R91_Q$2_!3_H5_BE_X+;#_P"3
M*\M_XAK?^JT_^6A_]VT?\0UO_5:?_+0_^[:.;$=OR"U#N?2'[,/_``6<^%W[
M6'QRT/X?^'-!\?66LZ_Y_P!GFU*RM([5/)MY+AM[1W+L,I$P&%/)'09(^N*_
M'KXZ_L*ZW_P16F\'_'#PYXWTKQSK-EK;:-;Z;J7AV2UM1]IL+Q6D<QW99L(K
M`*"O+`YP"IRO^(B7XU_]"O\`"W_P6W__`,F4XXCETJ[DRH<VM/8_9JBOQE_X
MB)?C7_T*_P`+?_!;?_\`R91_Q$2_&O\`Z%?X6_\`@MO_`/Y,JOK=,7U:9^S5
M%?C+_P`1$OQK_P"A7^%O_@MO_P#Y,H_XB)?C7_T*_P`+?_!;?_\`R91];IA]
M6F?LU17XR_\`$1+\:_\`H5_A;_X+;_\`^3*/^(B7XU_]"O\`"W_P6W__`,F4
M?6Z8?5IG[-45^,O_`!$2_&O_`*%?X6_^"V__`/DRON7_`()L?\%&Y/VH_@+J
M/B7XFZEX$\):U%K<UE9VT%P;".XM$A@99@EQ,[-F5YDW*=N8\8RIH^N4E\3M
MZZ">&J+I<^M:*XW_`(:,^'O_`$/G@S_P=6W_`,71_P`-&?#W_H?/!G_@ZMO_
M`(NCZY0_G7WHGV-3^5_<=E7SGIW_``4'TKQ1^W5J'P6TB;X>17'AZ5;353K/
MC1-.U^ZN&LTN]NF:2+>1[V...6'S96FA5"[`;RC"O6O^&C/A[_T/G@S_`,'5
MM_\`%UX7K7P.^"FM?M'M\1&^+<5ND^M6WB>[\-0^(=,71KW6+:U%G#J,G[LW
M?FK;I&GEK<+`WEJS1%LL73QF']HN>:Y?5>7Y*[26\N5-I-M$J$_9RM%\UM-.
MO_![]%=V;LG]345QO_#1GP]_Z'SP9_X.K;_XNC_AHSX>_P#0^>#/_!U;?_%T
MOKE#^=?>@]C4_E?W'945QO\`PT9\/?\`H?/!G_@ZMO\`XNC_`(:,^'O_`$/G
M@S_P=6W_`,71]<H?SK[T'L:G\K^X[*BO`/\`A[%^RQ_T<M^S_P#^'#TC_P"2
M*/\`A[%^RQ_T<M^S_P#^'#TC_P"2*Z3(]_HKP#_A[%^RQ_T<M^S_`/\`AP](
M_P#DBC_A[%^RQ_T<M^S_`/\`AP](_P#DB@#W^BO`/^'L7[+'_1RW[/\`_P"'
M#TC_`.2*/^'L7[+'_1RW[/\`_P"'#TC_`.2*`/?Z*\`_X>Q?LL?]'+?L_P#_
M`(</2/\`Y(H_X>Q?LL?]'+?L_P#_`(</2/\`Y(H`]_HKR#X6_P#!0GX!?''Q
MW8>%O!/QQ^#_`(P\3ZIYGV/2-$\9:=J%_=^7&TLGEP0S-(^V-'<[0<*C$\`F
MO7Z`"O)OA#_R=)\8?^X+_P"DCUZS7DWPA_Y.D^,/_<%_])'H`/B]_P`G2?![
M_N-?^DB5ZS7DWQ>_Y.D^#W_<:_\`21*]9H`***\G_;-^(/C7X6?!34?$'@O5
M_!&A76E1O<7%YXETVZU2%PJGR[:&UMY[=Y9IY=D2XF!#."$E.$,SFHKF>W]?
M/[M>R;*A!RDHK=GK%%?(.A?MI_$>W_:_\,^%?'(TCX:^%=<TS1S;V6H?#S6[
MXZSJEW:RR3V$7B%+E--MIHIE5%BEB>23!`&2"/KZM90:^]KOJM]5I]S,:=6,
MTFNJ3UT=GMH]?P]#^8'_`(C5OVI_^A!_9_\`_!'J_P#\LZ/^(U;]J?\`Z$']
MG_\`\$>K_P#RSK\@:*@T/U^_XC5OVI_^A!_9_P#_``1ZO_\`+.C_`(C5OVI_
M^A!_9_\`_!'J_P#\LZ_(&B@#]?O^(U;]J?\`Z$']G_\`\$>K_P#RSH_XC5OV
MI_\`H0?V?_\`P1ZO_P#+.OR!HH`_7[_B-6_:G_Z$']G_`/\`!'J__P`LZ/\`
MB-6_:G_Z$']G_P#\$>K_`/RSK\@:*`/VK_9^_P"#ICX^_M__`+0GP\^"/C;P
M9\'].\,?%7Q7I/AB\O-$TS4;>_LOM5]#%'/&TU]+&?+D9'*,GSJK(&0L'7]A
M_P#ATC_U4'_RA?\`W17\H_\`P2LO4TW_`(*?_LWW,BS-';_%'PS(PBB:60@:
MM:DA40%F/'"J"2>`":_MB_X6;IO]A_VC]F\0_9_/^S;/[!OO/W;=V?)\GS-F
M/X]NW/&<\5Y6.R3!8RHJN)AS-*V[6FKZ-=SLP^/KT8\M*5EOLOU1\J_\.D?^
MJ@_^4+_[HH_X=(_]5!_\H7_W17U5_P`+-TW^P_[1^S>(?L_G_9MG]@WWG[MN
M[/D^3YFS'\>W;GC.>*EN?B!86OAVWU1[?6S:W,AC1$T:\>Y!&[EH!$94'RGY
MF4#D<_,,\7^J>5?\^O\`R:7^9M_:^+_G_!?Y'RA_PZ1_ZJ#_`.4+_P"Z*/\`
MATC_`-5!_P#*%_\`=%?55Y\3=-L=+L[Q[;Q"T-]O\M8]!OI)5V'!WQK"7CYZ
M;PNX<C(YHO/B;IMCI=G>/;>(6AOM_EK'H-])*NPX.^-82\?/3>%W#D9'-'^J
M>5?\^O\`R:7^8?VOB_Y_P7^1\J_\.D?^J@_^4+_[HH_X=(_]5!_\H7_W17U?
MK'Q`L-"L;&YGM];DCU"/S(A;Z->7,BC"G$B1Q,T1^8?+(%.<C&0<1:K\3=-T
M;[-YUMXA?[7`MRGD:#?7&U6S@/Y<+;'XY1L,.X&11_JGE7_/K_R:7^8?VOB_
MY_P7^1\J_P##I'_JH/\`Y0O_`+HKY]_:N_X(/_$/XF_$2RO_``EXQ\&76FPZ
M<EO(^K_:;"<2B65B`D44ZE-K)ABX))8;1@$_I9JOQ-TW1OLWG6WB%_M<"W*>
M1H-]<;5;.`_EPML?CE&PP[@9%&J_$W3=&^S>=;>(7^UP+<IY&@WUQM5LX#^7
M"VQ^.4;##N!D5T87A[+\//VE&G9][R?YMD5,SQ,URSE=>B_R/R%_XAVOC7_T
M-'PM_P#!E?\`_P`AT?\`$.U\:_\`H:/A;_X,K_\`^0Z_7_Q)\0+#PI?);75O
MK<LCQB0&ST:\O8\$D8+PQ.H/!^4G.,'&",Q:Y\3=-\/:I+9W%MXADFAQN:VT
M&^NHCD`C$D4+(W!YP3@Y!Y!%>C]4IF'UF9^0O_$.U\:_^AH^%O\`X,K_`/\`
MD.C_`(AVOC7_`-#1\+?_``97_P#\AU^O][\0+"P\1+I<EOK;732)&'CT:\EM
MLOC!\]8C$!R,MNPO.2,'!>_$"PL/$2Z7);ZVUTTB1AX]&O);;+XP?/6(Q`<C
M+;L+SDC!P?5*8?69GY`?\0[7QK_Z&CX6_P#@RO\`_P"0Z/\`B':^-?\`T-'P
MM_\`!E?_`/R'7Z]?\+-TW^W/[.^S>(?M'G_9M_\`8-]Y&[=MSYWD^7LS_'NV
MXYSCFI;+X@6%_P"(FTN.WUM;I9'C+R:->16V4SD^>T0B(X.&W8;C!.1D^J4P
M^LS/R`_XAVOC7_T-'PM_\&5__P#(='_$.U\:_P#H:/A;_P"#*_\`_D.OU_LO
MB!87_B)M+CM];6Z61XR\FC7D5ME,Y/GM$(B.#AMV&XP3D9BT/XFZ;XAU2*SM
M[;Q#'--G:USH-]:Q#`).9)851>!QDC)P!R0*/JE,/K,S\KO@;_P<$?\`"F/@
MIX/\'?\`"H_[2_X1/1++1OM?_"4^3]J^SP)#YFS[&VS=LSMW'&<9/6NI_P"(
ME+_JBW_EW?\`W%7Y;T5Q+$U%I<ZW0AV/U(_XB4O^J+?^7=_]Q4?\1*7_`%1;
M_P`N[_[BK\MZ*?UFIW%]7I]C]2/^(E+_`*HM_P"7=_\`<5'_`!$I?]46_P#+
MN_\`N*ORWHH^LU.X?5Z?8_4C_B)2_P"J+?\`EW?_`'%1_P`1*7_5%O\`R[O_
M`+BK\MZ*/K-3N'U>GV/V:_8M_P""WW_#7W[3'AKX=?\`"L?^$=_X2+[5_P`3
M#_A(_M?V?R;2:X_U7V5-V[RMOWAC=GG&#][5^!'_``1WUJ'P]_P4;^'5Y<)=
MR0P_VEN6VM9;J4YTN[`Q'$K.W)YP#@9)X!-?NO\`\+-TW^P_[1^S>(?L_G_9
MMG]@WWG[MN[/D^3YFS'\>W;GC.>*[<-4E*+<CDQ$%&5HG045S_\`PLW3?[#_
M`+1^S>(?L_G_`&;9_8-]Y^[;NSY/D^9LQ_'MVYXSGBI;GX@6%KX=M]4>WULV
MMS(8T1-&O'N01NY:`1&5!\I^9E`Y'/S#/08&W17/WGQ-TVQTNSO'MO$+0WV_
MRUCT&^DE78<'?&L)>/GIO"[AR,CFB\^)NFV.EV=X]MXA:&^W^6L>@WTDJ[#@
M[XUA+Q\]-X7<.1D<T`=!16)K'Q`L-"L;&YGM];DCU"/S(A;Z->7,BC"G$B1Q
M,T1^8?+(%.<C&0<1:K\3=-T;[-YUMXA?[7`MRGD:#?7&U6S@/Y<+;'XY1L,.
MX&10!T%?`?\`P52_Y.$T;_L78/\`TINJ^W-5^)NFZ-]F\ZV\0O\`:X%N4\C0
M;ZXVJV<!_+A;8_'*-AAW`R*^(_\`@JE_R<)HW_8NP?\`I3=5\IQE_P`BU^J/
M7R3_`'E>C/F>BBBOR(^Q"BBB@`HHHH`****`/UB_9S_Y-[\!_P#8NZ?_`.DT
M==E7F_[+WC.SUGX+^#-.AAU9+BT\.V6]Y]+NK>!ML$2G9-)&L;\GC:QR.1D`
MFNHTKXFZ;K/VGR;;Q"GV2!KE_/T&^M]RKC(3S(5WOSPBY8]@<&OW_!_P(>B_
M(_/*W\27JSH*\5_;U\9ZIX3^"6EVFD7^HZ3<^*?%OA_PY+?V,S07%I;WFJVT
M$[)(OS1L87D0.I#*S@@@X->E:5\3=-UG[3Y-MXA3[)`UR_GZ#?6^Y5QD)YD*
M[WYX1<L>P.#7)?%G1_"_[2GPZU/PUJ<7BZSMH_(U5;F+1+RTN;2:TN(KB":!
MIH-K3)-'&ZH%<L5QL89%=<':<)/92BWYI--KYJZ^9C)-QDEHVFD][-IV=NMG
MK;J?$'Q._;V^(WC_`/:3^+WA8ZC\2?`6BV?P]\1ZAX;TFZ\!ZGI*Z=>Z/<0^
M1J;:G+:(LR7&)F^2=K8Q-!&<RR$-^B_@7Q`_BSP3HVJR1&"34[&"[:,]8S)&
MK%?PSBN`^*_PV\$_M.>`O$MCJVF:W;B]T:71K_4$T.XLM5?3IF#SVD,DL'FM
M'*(@'2($GY<8;81V.F?$;2I-$N;B"T\01VVFK&K(^@WT<I#':HCC:$/)C'.P
M-M')P.:(-*E&#W2M?N^:;OWU3BM=N6RT)E%NI*:>C;=NRY::2^3C)^?-=W;9
MT=%<_9_$W3;[2[R\2V\0K#8[/,630;Z.5MYP-D;0AY.>NP-M')P.:EMOB!87
M7AVXU1+?6Q:VT@C='T:\2Y).WE8#$)7'S#YE4C@\_*<26?$G_!Q+_P`F4^%_
M^QWM/_2#4*_&6OZ</^%FZ;_8?]H_9O$/V?S_`+-L_L&^\_=MW9\GR?,V8_CV
M[<\9SQ1_PLW3?[#_`+1^S>(?L_G_`&;9_8-]Y^[;NSY/D^9LQ_'MVYXSGBN6
MKAN>7-<Z:6(Y(VL?S'T5_3K<_$"PM?#MOJCV^MFUN9#&B)HUX]R"-W+0"(RH
M/E/S,H'(Y^89BO/B;IMCI=G>/;>(6AOM_EK'H-])*NPX.^-82\?/3>%W#D9'
M-9_4O[WX%_6_(_F/HK^G"\^)NFV.EV=X]MXA:&^W^6L>@WTDJ[#@[XUA+Q\]
M-X7<.1D<T7GQ-TVQTNSO'MO$+0WV_P`M8]!OI)5V'!WQK"7CYZ;PNX<C(YH^
MI?WOP#ZWY'\Q]%?TZZQ\0+#0K&QN9[?6Y(]0C\R(6^C7ES(HPIQ(D<3-$?F'
MRR!3G(QD'$6J_$W3=&^S>=;>(7^UP+<IY&@WUQM5LX#^7"VQ^.4;##N!D4?4
MO[WX!];\C^8^OKW]E[_DA>A?]O'_`*42U^V>J_$W3=&^S>=;>(7^UP+<IY&@
MWUQM5LX#^7"VQ^.4;##N!D5+XD^(%AX4ODMKJWUN61XQ(#9Z->7L>"2,%X8G
M4'@_*3G&#C!&?+S?(/KU%4O:<MG>]K]&NZ[G3A<S]C-RY;Z=_P#@'Y#45^NF
MN?$W3?#VJ2V=Q;>(9)H<;FMM!OKJ(Y`(Q)%"R-P><$X.0>014M[\0+"P\1+I
M<EOK;732)&'CT:\EMLOC!\]8C$!R,MNPO.2,''SO^H/_`$__`/)?_MCO_P!8
M?^G?X_\``/R&HK]>;WX@6%AXB72Y+?6VNFD2,/'HUY+;9?&#YZQ&(#D9;=A>
M<D8.(O\`A9NF_P!N?V=]F\0_://^S;_[!OO(W;MN?.\GR]F?X]VW'.<<T?Z@
M_P#3_P#\E_\`M@_UA_Z=_C_P#\BZ*_73_A9NF_VY_9WV;Q#]H\_[-O\`[!OO
M(W;MN?.\GR]F?X]VW'.<<U+9?$"PO_$3:7';ZVMTLCQEY-&O(K;*9R?/:(1$
M<'#;L-Q@G(R?Z@_]/_\`R7_[8/\`6'_IW^/_``#\AJ*_7FR^(%A?^(FTN.WU
MM;I9'C+R:->16V4SD^>T0B(X.&W8;C!.1F+0_B;IOB'5(K.WMO$,<TV=K7.@
MWUK$,`DYDEA5%X'&2,G`')`H_P!0?^G_`/Y+_P#;!_K#_P!._P`?^`?P1T44
M5^B'S84444`%%%%`!1110!]__P#!KC_RG7^!G_<?_P#4>U.OZ_:_D"_X-<?^
M4Z_P,_[C_P#ZCVIU_7[0`5Y-\(?^3I/C#_W!?_21Z]9KR;X0_P#)TGQA_P"X
M+_Z2/0`?%[_DZ3X/?]QK_P!)$KUFO)OB]_R=)\'O^XU_Z2)7K-`!7GG[0W[+
M?@_]J/2M%L_%R>)@GAV_&J:=-H?BG5/#UU;7(C>,2"?3[B"4_)(XP6(YSC.#
M7H=%)I/<:;1Y58_L8>!+7Q[X?\27`\:ZSJ/A:&"+3(M:\;ZWJUC;O#&8X[DV
MEU=R6[W04G_27C:<EBQD+$D^JT453DWOZ_-[OYDV5[_+Y+9?(_@#HHHI#"BB
MOHS_`()@?L6:)^W3^TA<>%?$.O:QI6E:-HUSK\VGZ%:P7?B#Q*MNT9;3=+BG
MDCC>]F5FV;V(&UFVOMVG2G3<W9=$W\DFV_DDWW[:DSFHK7R7S;LOQ/G.BONC
MP%_P2$T[XX>"?C?KWAB[^//AE?A3!J%W:6_C/X6)I]E>O`T/D:3/?1ZB_DZK
M*)T`MUMWR<$$!@!R/_!1[_@E)=?\$Z?@U\*=?U3QW8^)O$?CQ]1L]=T6TT[R
MH_"M_9+:F:S-R)G%RZ&Z".0B!'C=?FQFLF[1C*6G,DUZ2O;\M>UU>UU?6$'*
M3C'6W,O_``%7?X:KO9VO9V^1:***9![_`/\`!)W_`)2F_LT_]E5\+_\`IWM:
M_M]K^(+_`()._P#*4W]FG_LJOA?_`-.]K7]OM`!1110`4444`%%%%`!1110`
M4444`>+_`+0WB?5I/VD/@IX5L=4U;2+#5]0U34]0:RE$0ODM-/?R[:0XY4RS
MI+M/#?9\$$9%?(/C3]N'XP?!;PO\6_!UY?\`QCN?%-MJ-DFDZEJ_@BP\2Z[X
M-TVXM+F5M2N(/#=I+9/;R26<L=MYB,RR$&YVIA:^]?BC\#M$^+FO^$]3U47:
MW?@W49-1LC"ZA)3+:S6LT$RLK+)#)#.X9".H4@@J#47PB_9G^&_[/WA2_P!!
M\!?#[P1X(T/59&EO=.T#0K73;2\=EV,TD4**CL5`4E@20,=*RG!N$TG9M67K
M=._EHK7WWTV9<9)3C)J]K?KIY[WL]+VWLT_GS_@G3^T9XA^-_B/0]0U?6-=U
M6+QG\*/#7BJXCU.RFL&M=29KJVNY([:2./R8YS'&X"(L;>670%7#'ZYKB/A[
M^S[X;^%_Q`UCQ'HUL]I<:MI>G:)':1A(K+3+"Q646]K;0HJK%&IGF;'/+XR%
M"J.WKLQ%2,YN4%9-MVVLG)M*RTT32^5SEP].4(1C-W:45\U&*;^<DW\PHHHK
M`W/Y;Z*]2_X8<^-?_1'OBE_X2E__`/&J/^&'/C7_`-$>^*7_`(2E_P#_`!JO
M%Y)=CU^9=SRVBO4O^&'/C7_T1[XI?^$I?_\`QJC_`(8<^-?_`$1[XI?^$I?_
M`/QJCDEV#F7<\MHKU+_AASXU_P#1'OBE_P"$I?\`_P`:H_X8<^-?_1'OBE_X
M2E__`/&J.278.9=SRVBO4O\`AASXU_\`1'OBE_X2E_\`_&J/^&'/C7_T1[XI
M?^$I?_\`QJCDEV#F7<]2_P""+?\`RDO^&O\`W%/_`$U7E?O97X/?L$>&M=_8
M9_;(\!?$/XO>%?&GP_\`!6G3WMM/JVK^'+^&!99M-NXXHQ^Z+,[,>%4$X#'H
MI(_3W_A])^S/_P!%*_\`+>U7_P"1J[L+-1BU)VU./$1<I)Q5SZDHKY;_`.'T
MG[,__12O_+>U7_Y&H_X?2?LS_P#12O\`RWM5_P#D:NCVL.Z.?V<^S/J2BOEO
M_A])^S/_`-%*_P#+>U7_`.1J/^'TG[,__12O_+>U7_Y&H]K#N@]G/LSZDHKY
M;_X?2?LS_P#12O\`RWM5_P#D:C_A])^S/_T4K_RWM5_^1J/:P[H/9S[,^I*^
M`_\`@JE_R<)HW_8NP?\`I3=5ZQ_P^D_9G_Z*5_Y;VJ__`"-7S3^V3^T]X&_:
MP^)UAXC^'^N?V_HUEI<>G37'V.XM=EPLLTC)MG1&.$EC.0,?-C.00/EN,:D7
MES2?5'K9+"2Q*;71GDM%%%?DA]>%%%%`!1110`4444`?K%^SG_R;WX#_`.Q=
MT_\`])HZ[*N-_9S_`.3>_`?_`&+NG_\`I-'795^_X/\`@0]%^1^>5OXDO5A1
M11729!1110`4444`%%%%`!1110!\N?M4?M1^/_`?QD\:Z3X`LI=<NO`7@.SU
MN718]'DU$WEQJ6IO;Q71BAQ<SBT@L;N7[-;LKS;]H);9MY3]DC]O#QC\;OBA
MX/M==N%-G=:YX@\%:A&OA&^\,KJ-[:6EMJ%M?K8ZB3?67[C[1$T$SN-S!@2`
MK'WGXD?LJZ=\3/C'>>)[K5]6L;+6O"Y\,ZO9Z;>7.FW=TL=TMS:3PWUK-%<6
MTD+-=#,;`M]HR&79\U'P+^Q9X9^%OCWP/?>&V?2_#W@6TU0VVE/YEY/?:A?M
M%YNHW%[/(\\T^Q9E9Y"SR&Y=G<GBJH-1MS=I+T?-)IO37W=(I)VYE=^XG$Q2
MYK>QTLXOU7)%-+M[]Y>B:7Q-/V.BBBI`****`"BBB@`HHHH`****`"BBB@#^
M`.BBB@`HHKTS]CS]E3Q)^VW^T=X9^&'A*?2K37O%$LJ03ZE*\=K;I%#)/+(Y
MC1W(6.)SM1&9B`%4D@5=.G*<N6/]?/HEU;T1,I)*[/,Z*^M_`?\`P2ZT3]H?
M]J/6OA?\(_V@?AGXQU.W$K:)_:NA^(]"NM?\FVDGGC$4FG/';21B*16%Q,BD
MXPYR<>??M)_L$ZQ^R=\+_"FM>-/&_@*Q\4^,-(L]?L_!$$FHSZ_!I]T"T-Q.
M5M/L409`'\MKKS-K*=G.*S<K14WL[6\[WM;_`,!EZ6=]BTGS.'57^5K7OVW2
M]6EN>$T444Q'W_\`\&N/_*=?X&?]Q_\`]1[4Z_K]K^0+_@UQ_P"4Z_P,_P"X
M_P#^H]J=?U^T`%>3?"'_`).D^,/_`'!?_21Z]9KR;X0_\G2?&'_N"_\`I(]`
M!\7O^3I/@]_W&O\`TD2O6:\F^+W_`"=)\'O^XU_Z2)7K-`!1110`45X?XX_;
MT\,^!/CLW@F?P]XNO+2SU73]`U7Q/;0VAT71-2U`(;*SG+W"W)DE\V'!B@D1
M#/'O=-PKW"FE>*FMGI^3_)I^C3V:$W:7*][)_)[?D_FFMT?P!T444AA7I'[+
M'Q<\%?!;XJPZSX^^%VD?%SPZL$D3Z)?:WJ.CE9",QSQW%E+&ZNCA>&#JREAM
M#%77S>BKA.4'S1W_`*_'L]T]5J*44U9GVE??\%Q/B)+\5/'_`,1;'P#\+]&^
M*7Q$T>X\/WGC*Q76DU+3["6"*W$%M$VHM9H8X88U21[=Y05#%V?YJ\Q_:7_X
M*B_&G]K[]F[P3\+_`(B^,]<\5Z+X'U&\U2&^U35K^^U'59[@KAKR2>=UE\A0
MR0D(IC6609.XU\]T5FU=*+U222]$VU^+;]6WN:1J2B[Q=M_Q7*__`"73R5DM
M`HHHID'O_P#P2=_Y2F_LT_\`95?"_P#Z=[6O[?:_B"_X)._\I3?V:?\`LJOA
M?_T[VM?V^T`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M>1?M+?%;7/!WQ)^$'A;0+Q+"Z\=>*7M;R5HDD+65KI]W?2Q`LK!3*UO'$6"E
ME61RN&`(]=K@OC7\#4^+VN^!-6BU.32=3\!^($URUE6'S5G1K>>UN+=@&4@2
M6]S*H8'*/L;#;=I:W7JOSW?=+=JSNKJSV:E\,K=G^3VVLWT=]'9]#YI\9?MO
M_&JR^$.M7EKX;\/6^NZ-\1[OPEJ>H:-X2UKQI9^'["&S$ZW#:=8O%?7K-,T<
M!>+R@OG"5D"HRGL_V"_VQ/$?[3GB*TN]:BCM;#Q7X"T?Q?8V2VS0_P!FSR3W
M=K>0KO593&SP12()AY@\QP<8"C?T7_@F)\)_#WA[7=*LV^*<5GXFU%=6U,'X
MK>*GDN[D(Z,[2-J)<"1'*R(&"RA4$@<(FWM?A/\`LQZ1\(/BMK'B+2FMK33I
M_#^E>%]&T:TLDMK30=/L#.R11A2<[GN')P%`5(UQ\I8U3:44I;VC?S:A:3WZ
MSM+TO?5A-?%R]W;R3J<R\M*=X];-*W<],HHHJ!F#\1?A5X7^+^B1:9XM\-Z!
MXITV"<7,=KJ^GPWT$<H5E$@2564.%=P&`SAF'<UQ?_##GP4_Z(]\+?\`PE+#
M_P"-5ZE12<4]T-2:V/+?^&'/@I_T1[X6_P#A*6'_`,:H_P"&'/@I_P!$>^%O
M_A*6'_QJO4J*7(NP^9]SY'\>_LX>`)_VMK3P9X8^$OP;:#2_!%[XANK"]\*6
M$,6I7<MU%;V2O<"VD>*)?+NBWEH6)9.H&#YU\'/"G@?QOIG[/?B'7OA'\&K9
M/B3K&N>%]9TS3/!5@MF;F&*]GM[F-I8VF78NF2)C?M;[2Q*Y5=OUG\1/V;[;
MX@_&:R\6/K.JZ=$?#.H>%M3M+&XFLY;ZVN9(94DCNH)(Y[::%XGV21,&`F?!
M5@K#COA?_P`$]?!_P/\`$W@3_A$[[Q#:>%O`E]J6LVVCZMKFI>()'U&[M_LP
MG2YU"ZGDAC2*6[S#'A6>Y+Y4[M]4(Q48JHM?>_\`2IVO_P!NN*OKJEII<F;E
MSRE%Z6T7;W(J^W\ZD[=GOK9=3_PPY\%/^B/?"W_PE+#_`.-4?\,.?!3_`*(]
M\+?_``E+#_XU7J5%3R+L5S/N>6_\,.?!3_HCWPM_\)2P_P#C5:FB_LI?"WPU
M:M!IWPU\`:?`[F1H[;P]:1(S$`;B%C`S@`9]A7?45,Z,)*THIKT&JDEJF<;_
M`,,Y_#W_`*$/P9_X)+;_`.(H_P"&<_A[_P!"'X,_\$EM_P#$5V5%9?4Z'\B^
MY%>WJ?S/[SC?^&<_A[_T(?@S_P`$EM_\11_PSG\/?^A#\&?^"2V_^(KLJ*/J
M=#^1?<@]O4_F?WG&_P##.?P]_P"A#\&?^"2V_P#B*/\`AG/X>_\`0A^#/_!)
M;?\`Q%=E11]3H?R+[D'MZG\S^\XW_AG/X>_]"'X,_P#!);?_`!%'_#.?P]_Z
M$/P9_P""2V_^(KLJ*/J=#^1?<@]O4_F?WD.FZ=;Z/I]O9V=O!:6EI&L,,,*"
M..%%&%15'"J```!P`*FHHKH2MHC-L****8@HHHH`****`"BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`/X`Z***`"NY_9I\9>&?A]\=?#&M
M>,6\=1>'-/O4EO9O!NK1:5KMJH_Y;6D\L4J+*APP#*-VW;OCSO7AJ*NG-PDI
M+H3."E%Q?4_3@?\`!P%X?\.?M-KX]T[P+\8-8@TG0[?PNEGJ/Q/A@MO'MG;1
M7$45QXIMETQQJERXN'9L21JHP@+8,C</^V-_P7?U3]L']BB\^$^I^`]0M=0U
M;3]`L+N_N?%DE]HVG_V2"$GTS2VMU%C/<+M69_/DWA<8%?G_`$5G-<\7">MV
MF_5-M?BV[;:FD9<LN:.C2M\K)6^Y+[D%%%%,D^__`/@UQ_Y3K_`S_N/_`/J/
M:G7]?M?R!?\`!KC_`,IU_@9_W'__`%'M3K^OV@`KR;X0_P#)TGQA_P"X+_Z2
M/7K->3?"'_DZ3XP_]P7_`-)'H`/B]_R=)\'O^XU_Z2)7K->3?%[_`).D^#W_
M`'&O_21*]9H`****`/FKQ[_P3_O_`!G^T'JWB"+QO;67@+Q/XFT;QIKGALZ%
MYE]=:OI2VZVSPWXN%6&W;[':&2)K>1V,)VRH&(KZ5HHIJ34%3OHM?P2_**2[
M))+1#D^:7.][)?)7M^;]>IP?_#*_PP_Z)QX"_P#"?M/_`(W1_P`,K_##_HG'
M@+_PG[3_`.-UWE%(1P?_``RO\,/^B<>`O_"?M/\`XW1_PRO\,/\`HG'@+_PG
M[3_XW7>44`<'_P`,K_##_HG'@+_PG[3_`.-T?\,K_##_`*)QX"_\)^T_^-UX
M'JOB/XS77C>Q75/B%X;\/MI6L_9=(TZSU73&_P"$T9]6Q,)TEA#QP6UD5B$4
M+"<RF3<S,J,WUQ32O%2[_P!?UU[V>@-VDX]OZ_K\#@_^&5_AA_T3CP%_X3]I
M_P#&Z/\`AE?X8?\`1./`7_A/VG_QNN\HI`<'_P`,K_##_HG'@+_PG[3_`.-T
M?\,K_##_`*)QX"_\)^T_^-UWE%`'!_\`#*_PP_Z)QX"_\)^T_P#C='_#*_PP
M_P"B<>`O_"?M/_C==Y10!P?_``RO\,/^B<>`O_"?M/\`XW1_PRO\,/\`HG'@
M+_PG[3_XW47[3WBK7_!?PDDU#PS>Z=9:O'JFF11"\FCA2\62_@C>U1Y%9$EG
M1FAC++@/*O(^\/.OV5];\?7/Q4GD\6^.=.\21>(](N=5N-)M+BSFLM`N8[]H
M%M;%HHDFDCA3,4TD[-NEC4KMRZAP7,[>J^Z/-^5_UM=74WRQYWY?BTOP;7Z7
MLSTK_AE?X8?]$X\!?^$_:?\`QNC_`(97^&'_`$3CP%_X3]I_\;KO**0S@_\`
MAE?X8?\`1./`7_A/VG_QNC_AE?X8?]$X\!?^$_:?_&Z[RB@#@_\`AE?X8?\`
M1./`7_A/VG_QNC_AE?X8?]$X\!?^$_:?_&Z[RB@#@_\`AE?X8?\`1./`7_A/
MVG_QNC_AE?X8?]$X\!?^$_:?_&Z[RO&/VBOVJ=5^#?C2V\,:+X+O_$NOZ[90
MG01OEBM;^\EN?),4DJ0R"&*"/,\TK<K'C:DA.`K^\H]7HO7?]!VT<GLM_O2_
M7Y;['5_\,K_##_HG'@+_`,)^T_\`C='_``RO\,/^B<>`O_"?M/\`XW4_[/GQ
M/U#XO_"VUUK5M)AT75!=WEA=VL%PUQ;^;:W4ML\D,K)&TD+M$71RBDHRD@5V
MM5*-G9DIG!_\,K_##_HG'@+_`,)^T_\`C='_``RO\,/^B<>`O_"?M/\`XW7>
M44AG!_\`#*_PP_Z)QX"_\)^T_P#C='_#*_PP_P"B<>`O_"?M/_C==Y10!P?_
M``RO\,/^B<>`O_"?M/\`XW1_PRO\,/\`HG'@+_PG[3_XW7>44-@<'_PRO\,/
M^B<>`O\`PG[3_P"-T?\`#*_PP_Z)QX"_\)^T_P#C=?)7PR_:T^)OQ._:^L=%
MLO&/BW0_`FFZ_+87\7B?X87<-UKY20H(;1HK98[>W+=+NXG!(7(B*L)*^\:<
M5>G&IT?_``/\_7Y6NI.TW3ZK_@_U_P`&]N#_`.&5_AA_T3CP%_X3]I_\;H_X
M97^&'_1./`7_`(3]I_\`&Z[RBD,X/_AE?X8?]$X\!?\`A/VG_P`;H_X97^&'
M_1./`7_A/VG_`,;KO**`.#_X97^&'_1./`7_`(3]I_\`&Z/^&5_AA_T3CP%_
MX3]I_P#&Z[RJFOM<KH5Z;.:"WNQ`_D2SC,4;[3M9O]D'!/M45)\L7*VQ48W:
M7<X[_AE?X8?]$X\!?^$_:?\`QNC_`(97^&'_`$3CP%_X3]I_\;KYW^$'Q?\`
MB'KGQS^']MXF^*/A6'6=5@M`G@VPUO2KN/6]*%A.T^LL5A2:22>Z3="ML5C6
M*($KCS0OV)6TX./X_A_7JG=.S31FI7=O)/[^G];JS5TTS@_^&5_AA_T3CP%_
MX3]I_P#&Z/\`AE?X8?\`1./`7_A/VG_QNN\HJ"C@_P#AE?X8?]$X\!?^$_:?
M_&Z/^&5_AA_T3CP%_P"$_:?_`!NN\HH`X/\`X97^&'_1./`7_A/VG_QNC_AE
M?X8?]$X\!?\`A/VG_P`;KO**`.#_`.&5_AA_T3CP%_X3]I_\;H_X97^&'_1.
M/`7_`(3]I_\`&ZU/BY\3U^$?A)M8DT/7]>ACDV20Z1!'--"NUF,K!W0!`%Y.
M>,BO.?V"?VK[;]K?X+MK,,6N33:5=/I]SJ5YI1LK/595Y,MFX_=W$(!"^9$2
MA96`)(-$?>;2Z;_U\PEHDWU_K]#LO^&5_AA_T3CP%_X3]I_\;H_X97^&'_1.
M/`7_`(3]I_\`&Z[RB@#@_P#AE?X8?]$X\!?^$_:?_&Z/^&5_AA_T3CP%_P"$
M_:?_`!NN\HH`X/\`X97^&'_1./`7_A/VG_QNC_AE?X8?]$X\!?\`A/VG_P`;
MKO**`.#_`.&5_AA_T3CP%_X3]I_\;H_X97^&'_1./`7_`(3]I_\`&Z[R@Y[4
MFP.#_P"&5_AA_P!$X\!?^$_:?_&Z/^&5_AA_T3CP%_X3]I_\;KYS\-_MR_%:
M]^)>A^$-3\!2Z;=ZK=Z5:1:C-=:4L%RZZI/%JKHHU`R-$MHD7E[(BXD\P$9&
M!]D545>"FMFVON2?Z_>GV"7NS<.J2?W_`-:G!_\`#*_PP_Z)QX"_\)^T_P#C
M='_#*_PP_P"B<>`O_"?M/_C==Y12`X/_`(97^&'_`$3CP%_X3]I_\;H_X97^
M&'_1./`7_A/VG_QNN\HH`X/_`(97^&'_`$3CP%_X3]I_\;H_X97^&'_1./`7
M_A/VG_QNN\K(\?VNJ7W@36X-$N8K/69K"=+"XD.$@N#&PC=C@\!\$\'IT-14
MGRQ<K7L5"/-)1O:YS7_#*_PP_P"B<>`O_"?M/_C='_#*_P`,/^B<>`O_``G[
M3_XW7@O[#G[:OB/X[_&GQ-X5O_$/P6\4G2FC^UP>%OB1:ZWJ7A_RK6.*19;6
M*UC8^9=)*Q+L-GF;?X=M?6U;2A:SW3U1G&5]&K-;KL^QP?\`PRO\,/\`HG'@
M+_PG[3_XW1_PRO\`##_HG'@+_P`)^T_^-UWE%04<'_PRO\,/^B<>`O\`PG[3
M_P"-T?\`#*_PP_Z)QX"_\)^T_P#C==Y10!P?_#*_PP_Z)QX"_P#"?M/_`(W1
M_P`,K_##_HG'@+_PG[3_`.-UWE%`'!_\,K_##_HG'@+_`,)^T_\`C='_``RO
M\,/^B<>`O_"?M/\`XW7>5\L?M:?MV^(OV4_BOJ@O/#,NJ^!=*BT>[OM1M[K3
M8_[.@N'O8IA)]HO8761Y8[98LH5<^8%+$$"934=_ZN-)N]E_7_!V7F>U_P##
M*_PP_P"B<>`O_"?M/_C='_#*_P`,/^B<>`O_``G[3_XW4G[,_CG5_B=^SWX+
M\2:]':Q:QKVC6VH7:VTD4D(>6-7.UHG>-ASU1V4]B1S7<5K4@X2<);K0F,DU
M=;'!_P##*_PP_P"B<>`O_"?M/_C='_#*_P`,/^B<>`O_``G[3_XW7>45`S@_
M^&5_AA_T3CP%_P"$_:?_`!NC_AE?X8?]$X\!?^$_:?\`QNN\HH`X/_AE?X8?
M]$X\!?\`A/VG_P`;H_X97^&'_1./`7_A/VG_`,;KO*;.',#B,JLA4[2PR`<<
M9]J4G9-C2.%_X97^&'_1./`7_A/VG_QNC_AE?X8?]$X\!?\`A/VG_P`;KP7X
M>>(_C+J?Q!\%R^*/B%X;L-3MY;#3SX;L-4TR:#Q-;J)!J6J2@PK-AF!%O%;E
M3&809,[G5?K:K<=.:_5K[K:^CO\`?=.S31,G:?)Y)_??_+[K-73.#_X97^&'
M_1./`7_A/VG_`,;H_P"&5_AA_P!$X\!?^$_:?_&Z[RBI&<EX8^`/@3P3KD&J
M:+X)\(Z1J=KN\F[LM'M[>>+<I5MKH@895B#@\@D=ZZVBB@`KR;X0_P#)TGQA
M_P"X+_Z2/7K->3?"'_DZ3XP_]P7_`-)'H`/B]_R=)\'O^XU_Z2)7K->3?%[_
M`).D^#W_`'&O_21*]9H`****`"BBB@`HHHH`****`/S9\>ZE:>&?VI?"?PMU
MOP_J#1:GXAD71+Y?"DMYKZV!U9=0D*K'<O'%`+D+OU%HEVQ$`J'(8_I-7YJ:
M)XJ\!?`G]L:Z6"RU'POJ?CSQ[Y4]U/\`%GQ!`-=OGN=JK]FDLO*F.U<+;"4Q
MA%V*0@S7Z5TZ/^[0^?WM)O\`.[VO>]DVQ5$E7FEIM^JO^%DM;6M>R04444AA
M1110`4444`>7?MG>$=,\;_LY:]8ZOK.B^'K-);.[74]5U2;2[6QF@NX9H96N
M89(Y(V66-"I5Q\P4<@D'Y\_X)OZ!X:\$_'7Q!HNC^)/#_CVYCT$WG]L:#XUO
M_$-IIB37SR26LR7,TRP232LTRLKYDV2Y4;`6^B/VQ?':_#+]FOQ7K[KXB<:9
M;),$T'P]_P`)!J,I\U`$ALMK"9F)QR,*"6)4*2/%?^"9OQ.\=?$;5_%D_BWQ
M!$^GR)%+I?A\^"+G1;K3$R09;F[>W@@FF<;0885=8MO^MD!#!X=_O)6Z)O[X
MM??Z=%9Z,,0KT8I]7I\G%ORZ=?5:I'UM1112`****`"BBB@`KY0_;WU;7_#?
MC.75_#WQ4TCP3_9&E:9>ZE876AZEJD\R1:Q')`L*V<\99[N56M/)`:29695!
MY%?5]?$/_!5#Q"WA7XN?#^\T'2]>N/'*6TTVDWZ>"Y=6T;2VBD5EGO;N.VN'
MC*NP,<212.6RRJG+B'*U6G+L_GL_D_GIZ;K2+]R7HOPDGY]OO[[/Z(_8HO9M
M4_9VTN\NO$!\37M]?ZE=75V=.N=.,4\FH7#R6QMKEFF@,#LT'ER'<OE8.,8K
MU:O*OV)M%FT/]F3PS'=ZO!K^HW*W%YJ&IPZ#<:$E_=S7,LUQ,+.X)FBW2NYP
MYR?O=Z]5KHKJU22\_P"NWY'/2=XI]_Z^\****R-`HHHH`*#G!Q@&B@]#2ELQ
MH_.7X:_&309_CEX?L]/\<>-Y_CO=>)[>RUV2Z^))N_"MW:B]47:0Z<=0>R5'
MME=88H+9;E)&CW*K>8:_1JOB_P#9M7XIZ3-X:U'Q+\3_`-GJ;11=VT]Q8-X'
MNIO$9MKN]E@M%.HKK)B,TLB&-)_LNQG1L)P0/M"K@_W$4^C?RTCIV2ZV3W;?
M451OVTGZ?K\]O+:P4445(!1110`5G>,($N?"6J126OVZ.2TE5K;G_2`4(*<<
M_-TXYYK1JOJQ`TJZ++"RB)\B5]D9^4\,W.!ZGL*QQ$>:E)=T_P`C2C*TXOS1
M\$_LF>/_``=J?B[P)X?T?P5\3+?6;OQ!IFI7MUK6G:R?+\O09UVR7%U:(JP6
M;!;=$WJ&;#99F;?]_5^:O[!7@6QO/VNM`\3^(KOX+OXD7[5!INE>!OBU]IT_
M2T:.7+)IXA$U_.8\*SW$I1<,\<<7(/Z55VU7=*?65WZ;*WR26]_5HYH1Y9<G
M\J2]=6[_`'MZ*R\D%%%%8&H4444`%%%%`'SI_P`%*_A_I/QE^$?AKP/?^&[G
MQ9JGBKQ%%%HNF'Q5=>&K*>]@M[B[4WEW;))((%2WD8IY,VYPG[LXRM[]A>/5
M/"-KXG\'>)M/U32O%WAYK2>^MI/&U[XNT\0SH_D/:7=W%#*J$12!HVAC*LO1
M@58Y_P#P5'UK3=%_9B!U/2_%.LQW&L6D,%IH'A4>(;MYR6,;["K"W1&`<W.5
M,>P8.2`>>_X))>&-1\,_!GQ&=7U'2KW4=0UC[9+#9^%;[1WLPT2*L<UQ>0PR
MZA*%09N/+0`!4`PH)>'LU4M_3]WMUMWOLNZ#$7O2?]?:_#TZW\[?5U%?+7B[
M]H;XY7VI:N^C>%=&T?3_``=?WKWLU[8-=Q^)(QJ'D6=G9O'=+Y;-;`R37+@I
M"[*IB^60+]2T)7BI=_Z_K[]FFU)VFX=ON^_K\O3>Z11112&%%%%`!01D$'H:
M**36@'YL65]::;^UIX!^%&MZ!J,<T.I60TJ^C\+3SZ]_9FG:@]]:^<4N9([2
M`3D"6_9`)E)7:K.-OZ3U^;W[/FL>!](_;SA\&?#W0_'_`()U;7-=U+Q!K@\9
M?$'4+&]U<VMS$LT\>D&622Y@E:7;"]P8XRD?RJR!0?TAJZ;?U:GYW?JW:[^]
M6OI=J]E<=5MXB=_)?=?]+=[*RNTD%%%%2(****`"L+XH>&[/QE\-/$6CZA?2
M:98:KIES9W-XD@B:UCDB9&D#'A2JDG)X&*W:Y#]H187^`GC=;AY8[<Z!?B5X
MT#NJ_9Y,D`D`G'0$C/J*Y\5)*C-M7T?ET[F^%3=:"3MJM?F>6?#C]GGQUJ7B
MWX;WGBG5/AY_87PSWSZ5+X:TV>WN-5+V4MHH8/(R6\!CF9S$ADW.D9W`+S[/
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M^&O9*B<.5\K-(R3NUM=V]+Z?.VX4445!04444`%?GS_P4A^-&B_!3]L;1)M"
MUKX?ZC\1VTVUU>S\*:]KDVG6SR1-<6\&I7CO/':11Q":4(S[I#ABD4KQH%_0
M:OES]I:_^)FE?M/Z=:>&K+X9>(--UJ*QFM-+UWQ)#IVHSI;_`&O[;%#"]G,[
MJ_FVS&1&^7RB,#.3G->]'U_S^ZV[\EIK9E)VC*ZOH_Z^>WSUTN>R?LJZ`OA;
M]FSP-8+=:/?-;Z+;"2XTJ^-]8W$AC!=X)RJ^;&S$E7VKD$'`Z#OZX_\`9^T+
MQ'X8^"'A33O%\MG-XIL]+@BU5K63S(#<!!YFQMB;E#9`.Q<CL.E=A716?[R5
MN[VV^1G!-12;N%%%%9E!1110`4RYB6XMI(VW;9%*G:<'!';WI])+_JVSGH>^
M*BHDXM/L.+L[GYM_![4+2R_:_P#AU\+=9\/7UMJ>@QZ?'97T7A29M:.F:4;B
M33Q>LES+%I\(:1A)<;56Y.4"IN"K^DM?FM^R)XK\!?!G]ISPSX5T>SU'PI>>
M,-=N;B*UN?BQK]VVLW)$DLTAM+JR1+M\98J\AP`.<`5^E-;\SE2C)ZMMMONW
M:[_!+SM?39352^L3^2^2;M^MEK;:[2N%%%%9C"BBB@`KR;X0_P#)TGQA_P"X
M+_Z2/7K->3?"'_DZ3XP_]P7_`-)'H`/B]_R=)\'O^XU_Z2)7K->3?%[_`).D
M^#W_`'&O_21*]9H`****`"BBB@`HHHH`****`/RV^%OQ3M]5_P""@>I7>F_$
MF;5O%-[XHN4MY_%GB?PT_P#9>F+J;6<^FVRO:/>6C,8&$=I;KF5?+>29'8D?
MJ37Q+XM_X7&O[6'A^Z\8:;!8?#%_$DS)?_#_`$VRNX)(1(([)=1GE+WXE><C
MS3;P1PH`P:4@9;[:ITW_`+/!=K_IH^S[KN[]15&W6F^_W?+NNWE9:VN%%%%(
M84444`%%%%`'EO[9GAOQEXG_`&>]4B^'ZO+XOL+W3M4T^!65?M9M;^WN7@.Z
M:!2LB1/&0TT8(<@L`:\,_P""=WQ&UWQK\:O$^B^,/B%;ZQXQ\':9)'J/A>30
M;[3-0TM;V_DN4EF:>ZN(9T49@C>!V0+$5W':0/<_VS-)U?7/V?M2M=&\/:AX
MKGDO]--UI-C<FWN;ZR&H6YO$C;SH1N^S"8A3(JMC:=P)4^>?L)ZCXGTV[;P_
M)\%U^#OA/3;&Z<6B:=I]C!<7!OG%N8UM;F8D_9`C2%@/WC'![55!^\_G;R?)
MJ_1K3K=[6>H5_P"$O7_VZ/SWL^B23>JNCZ5HHHJ0"BBB@`HHHH`*^0?^"@7B
MGQAX:^,^@)X0\8R^'ENK/3IM79M!N]1MM*M[?5XI4N)I(+NW\N&=\V\@"R,8
MRY("*Q'U]7Q]_P`%(_@GK7Q<^(OAS_A%?A5X&^*NMP:7-'=6?C#3[==+L[4O
ME76[+K,LYE`VP!9(Y-N&:WSYU0Y.-6G-+9W_`/)7_3OI;MNK7P25[:+_`-*3
M_P"&\[+79_1?[/7P^U[X8?"VVTKQ/K=OXAUUKV^OKN]MX)((&:YO)K@1QI))
M(ZQQB41J"Y^5!]*[:O,/V,O#\7A7]FGPOIT5I<6#6D<R3VDVE0:6UI-Y\GFP
MBWA=XXU23<JA9)`54'S)"2[>GUO55IM7OJ84G>*;5@HHHK,T"BBB@`H-%!Z&
MDWH!^?F@_"7PAK7QMAC^'WP_^,]YK6@^*]'M-6;4?&J76AZ5;6FJ?:L36T>J
ML46$2W$T,31<,PRA&5K]`Z_-K]G;XM?#;X=?'?29O#/QKUI]:G;2M.E\,"/P
MYOO(M2UNXA^QRF.$7,DT$J2R2DGS4CE!W$NU?I+5T[_5H=KO[[1^5K<KTVNU
M=V3%53^L3YM[1^[5KSZV]$MM4BBBBI&%%%%`!5/Q';O=^'K^)+E[)Y;>1%N$
M3>T!*D!P.Y'7'?%7*JZ[?+IFB7MR[R1I;P/*610S*%4G(!X)XZ'BLL0U[*7-
MM9_E\OS-*5^=6WNCX7_9B\)Z#JGQT\#ZI=?$^RU#QYIUS#IUI;I%JVEVEUI=
MOITR2PI!<XCO+VXES<2R2;I%5?E)$(9OM^;QEID'C*W\//=HNLW5E+J,5KM;
M<]O')'&\F<8P'EC&,Y^8>]?G+^RO^V9J/[1O[4_PYL?$OC^#Q9H'V^.XT_3O
M^$HT)[]-1GTV>ZMIFM+&PCDDABMO-67-POE3NJ^7*J[Q[9_P4_\`A_\`"VZ\
M3>#_`!5\2OA+X,^,#V%C?:7I.CZ^UK=2/+*\$K+96,EM//<W+"``"`%@H;*D
M'(Z:LI+EY^KE?UL_+1N25UL[WO>3MA&*;?)K[L;>:YGUOJE&]GOI:UHJ_P!@
MT5Y3^Q+H5CX<_9F\-6VF_"2U^!MDR2S1^"X([2-='#RNW*VO[E6DSYA"\@N0
MV&R*]6I5(<LG'M_7F.$N97"BBBH*"BBB@#S;]I/XC^,?A=I?AO4_"?A/4/&-
MNVK-%KEG8+`UW%9&SNBLL?G3PID7*VH;+$[&?`[A?V6_BUXG^+WPJTV^\8^"
MM=\$^)(K2W74K:_6V$,]R8E,S6WD7$^80^X`LP.,=>M8?[:WP-O/COX#T*QC
M\.Z'XXT?2]86^UGPEK,PBL/$]I]GGB-O+N1XVV/+'.J2J8W:!5;;D.N?^Q3\
M!+GX'Q^*OLO@CP[\+/"FK7%NVC^#-$GCDL]**1L)K@)"B00/,S+F*$%!Y0<L
M6=@*IO2=_*WR^[>_GMY:.L]8<JZ:_>]_/;MI8^/_`(M>"Y_A=^UA>^%==\<^
M*M;TWQ1K=]%9Z%X#DTG6]3TZQU75DOYOM]@]FM[;P?:5`,\<D^Q,DE%#%?TT
MKX.\!?M):)'\:O$=CI?C?XT^$IY_&^I6%UI6A_!.XU#1KB:+4I8&9M4MM$>%
MUD*%GE:X9DWMOD#*Q'WC13;^KP6]KZ^MG^;;O?5N]E?4KQMBJK?Q-Z^J;3?X
M?<K)L****D04444`%%%!&001D&DP/A+PY+?^-?VL[/4?$-C\;-5^'46I:>GA
MR[U?4/#USI,6M1W]VLYR)FE\L;+4($'F@HX`#`BONVOA[P5XE\*:O\7-&^#<
M'CWX@ZD?"^N6VHGX<MX:MX]4T6&WNTN;::[O0H4:9%(L3),'W3",()9GWHWW
M#5P?[B/J[>:M'7LW>ZTTTW'5=ZTGULEZ6O\`/7>SZN_4****D04444`%9_BY
M7?PIJ:QP7EU(UI*%AM)%CN)CL.%C9B%5ST!)`!(R16A67XW\76G@#P9J^O7X
MG:QT6RFO[@0QF24QQ(7;:HY9L*<#N:SK6Y)<SLK/4TI)N:45=W/A_P#8'^&'
MQ*/[2-EXK\9>&_C3X#TPV=Q!:>&M1O=-U+2K8LI_>WUZ+AYIIB``B6\,4:,Q
M#-*,..I_X*A?![Q]^TI\0/!/@KX=:Q?IJMMI][K&H:-?>)4T3PWJEJ)((?\`
M30-/OI+IE:3"0&+R<,S2<B//<1_MG6_QL^,'A;0O!EWXCTC3)-42REUY;33K
M_1-3OCI[WSZ1)B8SETM@7,UOB-9%"&5CN0Z'[7]YX)/Q+\*6_P`3?#UK)X,3
M3[V:#Q`UC=R3:??[X%6W6ZMB&M5DB,I(;`E**H(*X;:M%MTXR5DK_/233N[]
M7I??1*UXLRI2MS2B]TGM?=I:)6Z)IVVU;O:2.@_8.DEM/V<--TBZMDL=1\,W
MEYHE[:16]E#!:3V]P\;QPBSA@@:$8&QEAC)7!9%?<H]CKRW]CF[M;GX'VZZ9
MX;M/"VA6^HW\.CVMOIDNF)/8BZE\BY-O+^\1I4P[%^9&8R8`<"O4JJK)RES/
M=V\NG;=>CNULW<BFDDTMDWY]7UZ^JT>ZT"BBBLS0****`"OSX_X*;Z_X>^%'
M[3=MK6L>)/'.AWNK:9I=]8GPQ::)J4T4VF7DLT4EP+R$RZ?;;Y\/=/(+3:66
M5XB0'_0>OGCXVZ#\;]#^/]SK'@#P_P"#M<\,:E%I@NQJ&N+IMRZ0?;1<6Q'V
M*8LLGG6[!M_R^6P`&3F)-J49+HU_P_E9ZWUVV>P[KEDFKZ/_`(;Y[?/=+5>Q
M?!F\U34?A+X:N-;NXK[5Y]-@DO+B.XAN$GE,8+.)(8XXG!/.Z-%4]@!BNEKB
MOV</">N>!/@)X/T;Q,NG)XATS2K>WU%;`@VJ3J@#K&0D8*`Y`(1<@=!TKM:W
MJVYY6[O;8B"M%*]PHHHK,H****`"FRL$B9B2``3D=13J1B0I(QD#OTJ9_"[#
M1^7/_!/?XK6OBC]K.QN](^),WB;7M>DBU#4=0\5>)?#=UJ5[I5V9Y;>RB:*T
M-Z)D*-NL8A%'!A<R$GG]1Z^)?AD/C(G[7WA6Y^)NFP:5X/G6[>SG\!:;93>'
M;J[>>(6"SW),FHG,'GL[NEO`7*`;J^VJU5O8PMY^JMI9]GUMV:?4FH[UYOOK
MY:WU7?M?NK=`HHHJ!A1110`5Y-\(?^3I/C#_`-P7_P!)'KUFO)OA#_R=)\8?
M^X+_`.DCT`'Q>_Y.D^#W_<:_])$KUFO)OB]_R=)\'O\`N-?^DB5ZS0`4444`
M%%%%`!1110`4444`?)G@K]@BP\;ZNWB#1OC+XUOO"\VKR2'2UT[3%MR+?7)=
M0>T\PV@FVK>"1"V[>5&-QX-?6=?FKX#\*?`#P;\6S*/V8-)U+XI1>+)+Y?$.
MH?#FYGOWU&;Q)*C3?;_[/"YC@8723>;M"A1N.-Q_2JJA_!BUM=_I?7=W?EYK
M<G[3OY>716TZ65EY6MT"BBBI*"BBB@`HHHH`\]_:F^$.J_'?X':OX6T;5;+1
M[W4I;5C->VTEQ:S11744TMO-'')&[131QO"X5U.V5OI7G/[#/['?B']EZXU>
M;Q)J/@SQ!?:@C11ZI8:=?1ZDL/GR216C375W<$6L*.L<<2;54(#C.:^B**<'
MRMM=?^&"?O147LG?\O\`)!1112`****`"BBB@`KY]_:^_9CTSXO^*+77;KXJ
MZK\-WT^ULY;D6RZ:T4\=CJ,5[!,YNX9"JI<K'DJ0I#!3U%?05?'?_!3?6Q\(
M[L^,KC1X-7T"?2(+/7DU6R:32DCMKT75JWGI<1-'()\YBVN)P44[=HSG*?+.
M$]K.Z?9V=G^GS-*:;32\OG[R?X;KS21]#_LS?#_3?AG\&].TW2O$LWC&TFN;
MS43K4C6['49;J[FN99,VZK%CS)7`"*```*[VO'/V`K&UM_V3O"UW:0:O:IKA
MNM:EAU+0Y-#FBFO+N:ZE5;&0E[:(/*WEQ,S,L>P$D\GV.NFO%QJ2B^C.>E).
M*:V?X^?S"BBBLC0****`"@Y[44&DP/A[P)X:^(=I\4-`U]_`OQAA\;W/BB/^
MV;B]FTD^%4TZ2\*S".!+DE$BMF+1RI$)V>-"[-N<'[AKXQ\%?M@^,M3^(.@W
MDVO>*+S4M9\31Z3>^!W^'.H6UCIEE+>&W\Q=0:W!\V"(K,\KS-#((W"H@92O
MV=54_P"!&VUWZ[1T[6V>FEV];W%-_OI=[+\Y?._37HD%%%%(84444`%5]7U&
M/2-*NKN8,T-K$\S@#)*JI)Q^`JQ4.I2>5I]P^YTV1L=R1F1AQU"C.X^V.:SK
M-J$FG;1ETTN97/CW]G+]N#3/'7Q#^'DQO_@5?6WQ,E\JPTCPQJ<<WB#PZ7LI
MKM/M&'(G&R(QR;(XO+=Q]\9-9O\`P58^&^E^(OB-X(UO4]/^"&HRV.DWMG8'
MQ[X@M-(FLI7N[&222V,]O,7#012Q.%*X\Q"<\8X[]CK]ISQ-\3?VKO#2W?B:
M]\->#[^2ZM+'2?%7POFT?7_$MPL4I&R1+:.&RB5(S*-\TDLBC:T<7?T7_@J[
M?)]N^'>FV_PFL_&>N:M=7-MI7BEM;M],N_"LY6,A+8?:;:ZN)9B!^XAEC1UB
M;>^`%;6LK>SG!=79>J:MKI>SZM:VO9DP5W.$WT5WMJG>ZMK;1:*^SWNT>L_\
M$^=#AT']FRU2T'@V+3[K5]4N[*V\+:K'JNEV5O+>S/%!%<)'&LA1"%;"C#`C
MG&:]MKRW]B_0_$7AG]F[PY8>*[OQ%?:_:I(EW<:WI=CIE[,WF-AFM[.22%%Q
MC;AW8K@LQ8L3ZE6E>W.TG?\`KS,Z;;3;5FVW][;"BBBLBPHHHH`\1_;7BUVZ
MM_AY!X7\4VWACQ'+XED%E]JT^XO;74/^)5J`DBE2&:%@J1EYPQ?`>!!@DK7"
M?\$O_'FN_$#PQK5YXE\27VO:G_9>B"#[3HUQI;2V7V1A!>[9KFX+M<XD=GW+
MED.5R*VO^"HGQ!\-?"[]G2RUOQ)XIT+P<;37;4:7J=_/>07$=\RR+$EFUJRR
M_:'!9=N2C1M*K@H6K!_X).:]J_C'X5^*-<\07/A*^UG5-65WN=-\6#Q%J4L"
MQ*L(OW226&VD`SMMX)&C13D89F%5AW=55VM^%OQ][;MKK?W5BEK1D^B:^5Y-
M^JT6KOJK:=?.]<^&WC#QM^UNT>C^/="^)?@WPSXPN=2UCP+X>\0Q^&+W08I(
MY<0W&GPA%OV^U3"Z>:[N5\PIE8V+5]XU\"?'[5_!_P`2?VD);CXMP>.O$5GX
M!\46\>DQ63>'M$TS0;AI\VDC7"WPU(NZE05:5%F7</L^'*5]]TJ;O0A_71;^
M;^;M9N3;TJK_`!Y_UU>WE]W6T4EJ4444A!1110`4'H:**36@'P5X'_8D^+.F
M>,_#MC=^!?AW8Z/H6OZ3K,?B*T\2N-96Z@U66YU&^9ULEGE>]M#!;R1/<%66
M-E8LC,#]ZU^>'PX\:^/_`!+^VOHAUZ_^-7@+PO#XAN(=-T1O%6E:I%XH5)VB
M$URSWA,5IN#'[/;P/*-H!E!#1U^A]72?^S02VNW;Y17RT2TTMU2>B*KO7E?R
M].NWZOJ];N]V4445(!1110`5R?Q\@BNO@7XTBGO;73()="ODDN[EF6&U4V[@
MR.5!(51R2`3@'@UUE<_\65OG^%GB5=,TNUUS4FTJZ%KIUR`8;^7R6V0N#P5=
ML*<]B:Y\7'FH3BU>Z?Y&^%=JT'YK\SY)_9`\,Z-\'OC/X.\$S_'GXC>-+G0]
M/2.UT"^\#Z%8:!:W4U@9Q;K>6FBVTD-U]FW3B`W"2F/ET()!L?\`!6K2KSQ'
M<>"=,M[OX1:/97J7JW^J>*O%R:'J]I%B,`:8LT4L#.6(+22I(J;5'EL7RO(?
ML7_#[1_`/Q;^'FG^$?&GC3X@1W&IW>L:_H.N>$[?2[;P3,^G7"-=QM#8VTT,
MP=H[017DMQ(8Y2%^X7KZ`_;`_:?L?V?_`!7H]MJW@74_%=CJ&FS7$$]IH5YJ
M9CG6[M(C"3;V\PCS#-++\V-WD$#V[L6E*<&WJ[OYVDWKUZV?71=;''AOW4'9
M;)?FEMTZ-II..^UI/9_8#\-:'X._92\+Z7X=&G_V38K-%$UGXND\61R'SGW.
M=1<!IF9LEA@!"2H`"@5[)7GW[,_Q0B^+_P`,Y-:M="N/#^G'5;^UL+>?3Y]/
M>:VANI(HIS#-''(GFJH?!4?>XR.:]!J:TG*;DUOJ5"*BG%=&U]S_`!]>NX44
M45F6%%%%`!7Q)_P4KT[1;#XE+JM]\;X_A%=+H6PZ=X>2^O=?\5H)2/*N;2UE
M65[)2P4/;HMP#*P2Y@!(?[;KXJ_;-ATGXE_M(>)O#%[^SQ\3?B-<Z?H&DS#Q
M1\/M4TS1M2@22>[<6ES<7.JV,DL2O`'6'$L)WOO!S@Q):Q?G^C^7WZ%*5D^[
MV^]?/[M3ZG^`-F^G_!#PE`^C0>'7ATFW1M,ABDBCL2(U_=!)/G4+TP_S#OSF
MNNKG?A$][+\+?#K:E#XBM]0;3X#<1:^UH^JQ2;!N6Z-HS6YF!X<PL8RV=I(P
M:Z*MZS_>2]694E:"7D%%%%9EA1110`4V<*T+AB0I4Y/H,4ZF7(S;R#!.5/`Z
MGBLZS_=RTZ,<=T?)W[-O[`VG:?;^"_%.C?&3QIXJ\'V]GHMSI=E/I^F16][9
MV$<K:>"Z6J3859R2=P9N-U?6E?FK^Q/X8^`G@7QA\-[?PQ^S!I6A_$BQAT2-
MO$=W\.[FVU."ZGBF7499+]M/B430!`7E+@2F8XQW_2JNJJM];^\_.[M'6_6Z
MMKY>3)J6]O)=?TYI=-EK=V\[[-7****Q&%%%%`!7DWPA_P"3I/C#_P!P7_TD
M>O6:\F^$/_)TGQA_[@O_`*2/0`?%[_DZ3X/?]QK_`-)$KUFO)OB]_P`G2?![
M_N-?^DB5ZS0`4444`%%%%`!1110`4444`?!EI^PK\1/%?[8Z^-O%/P^\(VWA
MS1O%#ZAHL'AOQY>:>)8O.#1WVH*;4R74X&Z3[,LL=OEMK+)@/7WG7Y_>,O'/
M@7PA?2VNA?M,M<^-=5\?6UKXATN?Q!=:S;ZB?[<B5;."TDG/]GSQJ$@*VNR+
MB3S(GR"OZ`TZ?\""6RT^=HW?9]-=[;I*R'47[V4GN_PU>GEUTU7FW<****0@
MHHHH`****`"BBB@`HHHH`****`"BBB@`KY4_;=^`4'QV_:%\'W&G>%;GQ-XK
M\':7+?6<D7Q&U#PN^EI-+Y?FI'!!)&[L4*^:2'494<$Y^JZ^%_\`@KC\(;#6
M=?LO%][^SIX9^-C:9X9O88M4\1Z"/$MEX?DC;S8XHM+@@EO9IKAR`7C*1JD?
MS."`#E-M3@^S?_I,K:^METO>U]36G#F4HK=V_P#2E?\`"_YGUS\!/#^J>%?A
M+HVGZU:WEGJ=M&XGANM?FUZ9"9&(W7LRI)-P1RRC`^7H*Z^O+/V)O#_A[PK^
MRUX/T_PM+X7DT2VM&6`>'=(CTC3(6\US)%#:1DK`$D+H4)+!E.XELFO4ZZJZ
MM4DO-G+0ES4XON@HHHK(U"BBB@`HHHI,#\X=`^!]]X)_;T\,ZM\2='^&V@:C
M-XCDD\+:#X<^(US:RS1-+A+VXLC;?:+^8*V]D,B6J%N4RHDK]'J^#?!7A/X!
M_`C]LCPWJG@3XH7G@SQ/XFUJ^L#X<U?1Y+JV\275Y-'+=I'<7$*71N"(`$/V
MIXHE7B+:`*^\JNG_`+O!+I?]/D_7=JUTM$*HOW\WW_*[^:]-D[V;U84445(P
MHHHH`*9<PFYMI(P\D1D4KO0X9,CJ/<4^H=1C:;3YT6..5GC90CL55R1T)`.`
M?7!J*C]UE0W1\J?`3_@G;KG[/?[4]CXZ;Q-IOQ*M#IT^F2ZIXMCGG\560DD:
M9IEO2\D4N6"1B&.&U1(RV"V`M9O_``4W^&0^*7BW0=.T2Q^*'B'Q==>'M1L3
MI'@VS\/R3+ITTUJ9;IY]9>*"W998X0C1RK*3G"L%)7Q+_@GIX4TOQ5^V\+[5
M;[X+WOCKPG]JAN/#W@'XL&\MO"T9$B%Y-,$(GNYL%8W>ZEV(<LD<1R#];_M?
MZ592^*?#M[;^&_BOJ'B2WM;F.#4_`FH6EI=6MLSQ>9#.+BXB62-W$9`*2!63
M(*G&='=1HM/17:MT3YMGV;;OY-I/9DO6I5TUTO?JU;==[)6\TFUO?L_V4_&D
MWCKX,6-U=ZOXCUG4[:XN;+4'U^PM;'4[6YBF=)+>>*U40!HV&W='N1P`RLX8
M,?1J\@_8>TN\TCX%F*^\/ZGX;F;6]4D6UU2\%YJ4B->S%)KN43SAKB1<._[P
M@%L`(`%'K]74?O7]/R(@K7CV;7R3:7]+3MH%%%%9EA1110!Y)^VGK?C'0O@X
MLW@<?#XZN^H0)*?%TF+5;<[O-,"ED22Z"C]VDDB(3G<P`P>$_P""8WB75O$W
MPJ\0S>)[OQ'/XN76KG^T8=2MM.AAM(O.E^R);G3LV;+]F\HL8I)3OSN<FN]_
M;`T0^,_`6E>&K>7P.FJ>)M2_L^PC\4:#-K-K-(;>=V$<,4B%9%C1W\PMM54?
M/6L+]A3X:R_`CP3>_#V_NO`-QJ_@^WL+.X/AKPY-HIEC^S*L<TZR22"9Y`C'
MS$;;E77[RL`Z&U2_E;\+V[6T];^1-9N]-+S;_%+UOKY+E[GQY<^*OA%X$_:A
MU+Q7!\7+^P\9Z+JWB9H-"N;;PU/<PN?$*17-JC2P&Z$DTQ#0Y)D$&X!AT/Z<
MU\.>,/#?Q%NOB=KVOCP'\89?'%OXKE&CSVDVDCPHVFQWVR`/`UR"Z2VBAY)7
MB-PKR/L9=J`?<=.#_<4X]K_CK^MGYIOS=UU_M=:?=W_-;[/:Z?:WH%%%%2(*
M***`"@C((/0T4'H>U*6P'P#X2\&^']<^-/A?PI/JEK/IWA_5K"TL=3_X5_XA
MBUF6WL-1:\M+,W$L7V.$BX($MV#^^CW#:FX,OW]7YR_!OQA\4/'/QWT[PKIO
MBW7=?T.VO-$EDAA\)WEN5TBSUFZF74_M<VI?9U6Y*RP.=IFE2T^6`@+G]&JN
MG_N\=>K?WJ.OS>CU>J=];CK-^WDM]%_PWR5K:;6M[MK%%%%2(****`"LKQUI
M&H>(/!.L6&E:@VDZI>V4T%G?!-YLYFC94EQWVL0V/:M6N6^.=S#9?!/QC-<7
M\^EV\6B7KR7D,;226BB!R9552"S*/F`!!)'45CB)6I2;5]'^1MATW5BEW72_
M7MU]#S#X>V/Q>\1>+_A_::YH$'A#2O!F\ZU>IXK?5E\1C[');K"B&-7D4S/'
M.9KC;(IA`"L78CF_V]_B;K7[-7BK1/BEI%K'=PZ%HU]8:D=1L@^EV=M)+;RM
M*USY\9MI-T*C[KB11@[2H-<K\'_"7Q4\%_%OX7:EX^^(>E:EH7C+6OMMAIMA
MH]U#+%,OAN2%;.1WU":-(BD$MR0B.IGW'<-P8P?\%:;SX=>&+OP)XF\<>&/B
M#J^H^&4U"^T?5=,\23^'=`T!UB0O-?WHE2"!V`"1,R22_,X08WFNC&OV<E)R
MU5[NW=-/3KNUII;8QPL5.*BE=.*LOG=:^JW=VWIK:Q[#_P`$^-;/B_\`9@TK
MQ&T>KP/XKO[_`%QX=0T*?0V@:YNY92L=I,S21Q98E2S$N#OXWX'ME>6?L4SW
MVH?LQ>$M0U"[6\N-7M!J(8:_=:]Y:3DRI&;RY`EF**P4L0HRI`4``5ZG6F(A
MR5'"UK:6[6TM\C&A/G@IWO?6_>^M_GN%%%%8FP4444`%?)_[6'_!0K4?V5?V
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MIR;BF]PHHHK(L****`"D<$HP`!)'0\`TM,N%9[>0*YB8J0'`R5XZ\^E14?NL
M:6I\(_LV_L+_`!#T7]J?2/'WCOX?>$M'72+Z=M.M?"OCN\CTS2XFWJL\MLUJ
MLE_<%"`1-,(5)RD2L-Q^\:_/KX,ZE\,_#WQ%\"MHW[1U[X\\9ZAKFF68A'BO
M4-5$EP'G.I&*&6YD01W9(#1%1';A/W8&U0/T%K9+]TDG=1;77M%W7??JD^ZM
M8BI*]>5UJU?\9*UMUMMMKWN%%%%04%%%%`!7DWPA_P"3I/C#_P!P7_TD>O6:
M\F^$/_)TGQA_[@O_`*2/0`?%[_DZ3X/?]QK_`-)$KUFO)OB]_P`G2?![_N-?
M^DB5ZS0`4444`%%%%`!1110`4444`?$[7?Q,;QM=Z;+H_BF34]2\7K>77A<^
M`K8^$YK<:DA%X=2')D%O&D_FFXW^8H/V?=^ZK[8KYC\0?L9>*?#FDR:EIGQ;
M\16&KZOXH@U+7_[9U>\U#2]2M1J:31PV\,TQ&GRB%8X%%KLA8E@\3[@5^G*<
M-*48]O\`*/X=%UT>BV'+6;??_-_CWM]["BBBD(****`"BBB@`HHHH`****`"
MBBB@`HHHH`*^2_\`@H)'\5-2^).B0_#KQ;IV@K9VEF9(Y?%ZZ$\3W&I10,S1
MO:7$5P9XMUO#Y@_=S2!E4MBOK2OA;_@JJ=)M?BYX5N]6TCQA)8V=C;W5Y/HD
MWB&.35%AU**6*VB.F`Q)<0R+]H5KC()55`&XLL)KVU*^W-K_`.`R^3]'^=D7
M%VA-]DO_`$J/_#?GI<^J/V7)2WP0TF-VE:YM9;JUNA)XBG\0R)<1W4L<RM>S
M*LDK"17!!50A&Q0%4"O0:X']F+P_X6\,_!/2+;P6VN2>'I'N;J"36!>?;YI)
MKB66:2;[8!<%VF>1B9`"<\<8KOJWJ_&S&DO=04445F6%%%%`!03@$G@"B@]#
M2D]`1^>GP+TN?P?^U$GQ#N]1^/&I>&?$VMK:V'Q`\2Z7X6O=,O8[JZ6.#3K=
MU9M5L[&21XXH]MO#&3M8G+!V_0NOS7^`?C_X?>/OCQX:TJW_`&F?@==:6/$X
MN++X72>)95O[2[CNV=+=+%M4=Q/'*NY(&1HHW52L*[5`_2BKIM?5X>5TO2RZ
M][WVTM;2[=U4:]O.WS^]]/2V_6ZV2"BBBI&%%%%`!6?XLLHM2\*ZG;3O-%!<
M6DL<CQ.$D12A!*D\!@#P3P#6A5'Q/:1ZAX:U&WEF%O%/;21O*1N$8*$%L=\#
MFL,2KT9JU]'^1K0=JD=;:H^+/V:(/B3X[\5?"+P[KWP]N]&\#?#R1+O2/$%O
MHUE"]XD=C-!"7,>HRK;H\<GSF%91(3@!%8D;'_!5CP7J-K=^&/&,/CO2O!NC
M6=I/H^J13ZWIVF7FHK)=6ES"EI]NM9H9IO/M8U$1>'=OQO/W3Q7_``3ZL/A7
M+\3_``'IOPLU3]H3Q]9Z)HK2/XGUCXA^(%\*SQ0)]D=X],O]09)E:4@(B6S1
M("&1\*I/I7_!1?Q_XG^#/Q$\'^*?#5MX-N[^33;O3;1=1D?^U(9C=V4SR6L<
M-C=SR(8(IDDV!53S$9N@([,2USPDI;N3YN[M*+?_`&];EV6KV.6BO=E%QO91
M7+VU4K=?AOS;MZ>AZ5_P3]GM]5_9DTO5X1X]$GB&_P!0U>Y_X3+2(=*U@SW%
MW++*9+>%5B5=['88P49-K*S!@Q]JKR_]C[QCK_Q%^"5OXB\17VC7]UKNHW]]
M;'2M1.H6MM:/=RFW@68Q1%FCCVHP,:E64@\@UZA2K?%M;R[>7RV*@[W=[ZO7
MOJ]?GO\`,****S+"BBB@#S']IW3/!WB#3O"NF>++O5]-NK_63_8.H:5<36U[
M87T5E=7!DCEBY3_1H;E2#E75F1E8.5.;^RG:>"+636YO"VL>(_$NJ:O:Z=J^
MHZQKES-<W=[!<0%[3YI``B"(,1$BHJEF)4,S$YG_``4#\`^$?B)\%K*S\9S&
MWTR#5HIXI!X0;Q.RS>5*HQ;+#*4RK./,"C`)7/S8/(_\$SO!FC^`=*\;:9X7
MT.TM?"L%Y:?8-83P9)X4FU5_(Q)&]M(D9D6'"!9EC5")"@R8V)=%W51=K?I>
M_P#Y+]W6ZLJ[UIV[.]^]W:WE:_?5O;6_#>+/%GQ2/C7Q!KD>B_&L^*+'Q3/#
MI4MEJNEKX.&F0ZAY44<D#78W1R6R@RR21&=))'VLI55'VU7YL?%7X=WUAK6H
M^)]*UCXH7?@>?5?%2ZQ:QKH\5KI=HOB.%[V$2/9M*TD]WN>&+S!*8HR`P/`_
M2>G%?N8/U]=-/QM=^;>^[=9_[552V3=O2[Z=+;)7>B04445(!1110`4$X!.,
MXHH-*6P(_.+X6^&O"N@?%OPY\4;?0_V;BWB'Q5:Z5#X/TGPP]MXRT>YDO_)9
MGO\`[<ZRW%L[RSS0_8HPH27#+M+M^CM?+WP2_9`^*/PH^.\7BJ\\5_#36[,V
M4.DW$DOAB[&K36L=Q/*9/M)O"/M#),(V<H5(B3Y<#%?4-7!VH1CVOIV6BMY[
M7OOK;9(=76M*2ZVU[_\`#7M\K]0HHHJ1!1110`5G>,9UM?".JRNTR+'9RL6B
MMC=2*`A.5B`/F'T3!W'C!S6C5/Q$\B>'[YHKV'395MY"EW*@>.U.TXD920"%
M/)!(!`ZBLZR_=R]'_6Z_->I=-^^O7^N_Y'YQ_P#!,_36UW]K#3]?T^*]\->%
MDT^ZM]+T;Q!\-;S3=9EW*261Q`EII,`501#'([RC:K"(C8?H+_@I-^TCXJ^!
MG_"*Z=X.N/&4>M^)$NXX5T[PD^JZ1&8U0^;J%TEO<-;1@L%"QQ22.6.$(4E>
M&_9!T7QA8?M?P7?CKXE:#\9GFT<6VFZQI'C6$1V=TOVE[FX;0D\J&V5XVBB4
MPFZD`7+N!N:NZ_X*%>$M2\2>(M%DB^!L'QBM8-&O/LCFRL[EM-OC<6NQ7\^Z
M@*Q/#YY.S=EHUR1WVK*ZIQ3TU[[+F?9/7S2U=E;0SA+EE4D]=OQ45WZ7U]&W
M?4]%_8/L;NP_9?\`#RZCJ>D:SJDK7$U]>Z9X2E\+6MQ.\\C2%+"55>/YB078
M`R$%^-U>P5P_[.>BZ/X?^$>FVF@^"+[X=:7&TIBT&[@@@FM"9&+$I!))&-YR
MW#GAN<'BNXJZSO-M?U]Q---1U\_S"BBBLBPHHHH`*^0OVG?@1HGQB_:BUZ;6
M_@_X&^/0TS0].:SLM?:(R>#I6>Z^>'[3!)$GG[=YDMV^T#RERA7RS7U[7Y\?
M\%1/CE#\*_VC;?2?!_CCPWH?Q)UW08'ET7_A)I]!GO[19Y42:^N7F2U@MT9G
M"R8^TX$HB$F-M95-XI;O;[G\]-W;5*[VN:0C=-]O\U_PROI>Q]A?LB)+'^R_
MX"6;6%U^5=$M@U^))I!/^['\4ZK,VW[N9560[<L`V0/1:X?]F?2H-$_9Z\$V
MELOAY8;?1;5`-"OY+_3"?*7)M[B3YYHB<E9'^9P=QY)KN*Z\0OWLO5_F<]%W
MIQ?D@HHHK$T"BBB@`ILY=8',:JT@4[03@$XX!IU-F1I(75',;,I`8#)4XZU,
M[\KL..Y\6?!:Y^),OBOP;I6HZ1XIEOAKD6H>(/#=]X#MK#PQH+O(\US<V>H)
M]YTE=GC83SM(QY5=Y9/M6OF;PM^QIXH^%$'@1K3XL^(K@PZU:7_BV#Q!J][J
MD/B"Y4EG>S:YF:2R:23_`)=XV-ML8JL2D!Q],UKIR67\S_*.WEVO[UM[:)1-
M?O6^EE^<OQ[VTZ+9ME%%%04%%%%`!7DWPA_Y.D^,/_<%_P#21Z]9KR;X0_\`
M)TGQA_[@O_I(]`!\7O\`DZ3X/?\`<:_])$KUFO)OB]_R=)\'O^XU_P"DB5ZS
M0`4444`%%%%`!1110`4444`?FG\6OA+XHU[P_P")?'/AWP>EWX4OO&:W>BZ]
MK?Q9UJXO[&]76HTC>71!`+1K!+I"?(%UYPA.U55PJK^E40<1()"K2`#<5&`3
MWP.<#\:\X?\`8^^&4GQ&_P"$L;P9HQUS[<-4\W8WE&\!W?:O)SY1GW`-YNS?
MD9W9YKTFG!VI1I]O\DOT[+S\G-N4W)];O[WK_5W;6WF4444A!1110`4444`%
M%%%`!1110`4444`%%%%`!7S;^V/^RY#\:OBCI.L^(?A+X+^.GA2UTLV<?AWQ
M&]LT>CWGFLWVR&&ZB>!VDC;RV<E9(Q$NW<'8#Z2HJ7'52[?Y-?J4I-)KO_FG
M^GZ;'G/[*'PTUKX1?`K2=!UYK:.^MIKN9+2VNGNH-*MY;J66WL8Y756D2WA>
M.!6*KD1#``P*]&HHK2<W*3D^I$8V5E_7W:+T6BZ!1114C"BBB@`H-%!S@X&3
M2>P'Q)\/_P!H#QOX/_::\(?#C4_`FF?!+P0MY>0VDE_IMUK,NL+%<Q):Q)J@
MQ8P27AED98?,FG"J!\K$A?MNOA_P7%\+[?Q!X7N=.^$WAFW^-[^*;?\`M+2D
M\*7D-QIBF_Q<W(F8;5$,!:4718Q3&,%!^]11]P5<%^YB^MVK]]$[_CY+LEJ.
MHOWLNW;MJ]/ZU[ML****D04444`%0:K-<0:7<R6L2S721,T,9.!(X!VKGW.!
M4]5-?L)]5T*]M;:Y>RN;F"2**X49:!V4@.!W()!_"LZU_9RY=[/;?Y%T[<RO
MM<^!_P!DGX6>/_&G[7VB^-?B%X!\5>%=?T](Y+C6=-\/:'I;ZI))92^?:ZK<
MVMY)+<644TCBWC\K=E8W=V.37UC\:/V=-4^)7Q+T/Q;H'C_Q!X%UC1=,NM)+
MZ?8V%XEU!<2P2L&6Z@EVD-;I@IC@G.>,?-_P>_9=M_@!\7/A=</\)/`/PT\4
MG5A8:WXYT:\2:_\`',HL;DM%*T4"W%SYY0S.;Y@$9,@O($)^XJZ9M6BX?9;2
MMINM;=;-2:L[/NM4WCJY-3ZI/6W1NVVFC6ZNK[/1I<1^S[\&/^%#_#U]#?7=
M2\27-QJ5]JMUJ-]#!#-<3W=S)<RG9`D<:C?(V`JCCU.37;T45FW<OJWW;?S>
MK_$****0!1110!X_^VS\8-*^"GPDM-5U;XA:Q\.$N]5M]/M;W2M'BU6\U"XE
MW+%9QP203AFD;H0@(V_>`S7)?\$\KO4_'6D^,_'&J7'CF^E\1:H=/BNO%,&E
MVEW,NGO-:-MM]/`2)!*LH'F$R-U(7@5VW[95M)J'P=:TMX_'MQ=W=VD<%MX3
MTJSU*ZNWV.WDS1WL;V@@8`AFN-B9*C>K%37&_P#!./X'^+/@7\-=>L/$W@[P
M7X&MKS4S<:3IGAPO;QI;%0=UQ9)++9VEP79]ZV<C1.1OX+;5=%7]I?Y?AMY^
MCVZ=6JR^"W]?%^&V_5;]%\Y_$"_TB]_:*UWQ[/I-_%XTTGQF8+7P?_PK/4+B
MPU9+:]6UCO9;Q8"CW<D,8FBNA($B#1`JP0D_HK7YZ>-KWXJV'[16I^`;7Q9X
MF&F:I=:S-!`/`>K32_8;G6HKEYUN5OA"WV?>MO'+Y841R?=QD5^A=.G_`+O3
MMMK^&GZ=W;;=,*S7UJJELGIZ:M>>STNKVUZA1114C"BBB@`HHHH`****`"BB
MB@`HHHH`*R_&\D\7@O5VM4C>Y6RF,2R0B9&?RVV@HS('&<?*64'IN'6M2LOQ
MSX3@\>^"M8T*ZDFAMM:LIK&62(@2(DL;(Q7((R`QQD$9K*NFZ<E'>S\OQZ&E
M%I3BY;77F?!G_!/;X">/_"?[36G^*OB!X`@U'Q%<6=Q;7/C"]\(6NG36$3(S
M""T6#5IX;*)SM4K#;;I`%\QV/SU^@]>'?L\?LA:_\!/'%[JTGQ:\7>*++5#$
M]]INH:7I4,-RT5I':1'?!;)(NV.&,X5@"5YSDU[C754DFHI;)>G5O]>ASTXM
M7;W=K_<O^&U"BBBLC0****`"BBB@`KROXU?L\:[\5?%L>I:=\0]4\+V\=LL'
MV.WT#2+]"P9B7WW=M+("=P&`VT8X`).?5**35QIF;X-T&?POX3TW3;F_EU2X
ML+9()+N2"*![EE4`N4B58T)ZX154=@!6E1152=W=DI65@HHHI#"BBB@`IES,
MMO;22/D)&I9L`DX`YZ4^BIFFTTAIZGYJ^$/A3XKM;3X:>-M,\(00>%_$'B_2
M=2\,^(]9^+&M:[J20WEX'B%]I#P):@>1,T:"*XD9&$19L!W7]*J\V\,?L>_#
M'P7X^A\3Z7X+T:RUJVN);RVE1&\NSGEW>;-#$3Y<4C[WW/&JL=[9/S'/I-:I
MI4^1+JW]ZBK=$_AW25[[::Q--U74[I+\9/\`7;7KKJ%%%%04%%%%`!7DWPA_
MY.D^,/\`W!?_`$D>O6:\F^$/_)TGQA_[@O\`Z2/0`?%[_DZ3X/?]QK_TD2O6
M:\F^+W_)TGP>_P"XU_Z2)7K-`!1110`4444`%%%%`!1110`4444`%%%%`!11
M10`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4'H>U%!Z&
MD]@/SE^#?C#XH>.?COIWA73?%NNZ_H=M>:)+)##X3O+<KI%GK-U,NI_:YM2^
MSJMR5E@<[3-*EI\L!`7/Z-5^?'[*_P`&[;P?^TR^O>*/V>A&=9O5N+7Q#::!
MH=I;Z!>_;I!%Y4\-X9IK8JX<.Z-+YF\@?/L7]!ZNF_\`9X>=V^][)>O1?FM'
M9%5WQ$WZ+\.G3K;Y6>J;91114@%%%%`!5+Q)*8/#M_((XIBEM(P25@L;X4\,
M3@`'N2>E7:I^(M0.D^'[^['6UMY)?N[ONJ3TXSTZ9K'$M*E)MVT?Y&E%-U(I
M*^J/@'_@GMX.TGPA\4O#-[XM^"5MI6HZ]#;7OAKQ6=*T&RAM+^6UN6O+:W:V
MO9'EA6,`0R(KRLDK[R0"U?H57YO_`+%&L_`S1/VC?!_B3P-X_&N^/O&=U';:
MM82W&DW,,W]H:?+J4AL[6$@Z>(FCV2_90@D?_7B=\2C](*[J]]$U:UU;HK=%
MW]=+]=3FIM-W3NFDT^K3;UMTNT]-ETTT11117.:A1110`4444`>/?MJ>*/B/
MX6^&^DO\--,UG4-2N=56+49-)M;*[O;.T%O.XDCBNY(X7#3I;QMELA)7*C(!
M%;]B'Q/\1O&/PZNM2^*%GXITSQ3=-`]SI^I:;I]C8V#F(>9%9+:S3N\(?<-]
MQ,[D\C:.`S]OCX5^(OC#\$8-'\+^&OA_XIU0ZI!,;/Q;$TUND(#^;);QAD62
MZ5"WEK)(B')W,`.>"_X)/_!6;X,?"/Q-#J_AWQ3X9\5:IKEQ<ZI9ZKIMG90)
M$)9%LQ;"Q!LW3[*(MQADE._=N<FG0VJ7\K7^6WEW]/-A7>M.WFG;YN[\^BVT
MZ=3T?6OV(?"VN_%\>.9O$7Q-CUY3($,/C74XK:**25)7@6!9A&L)>-"8PNW"
M@8Q7L=%%):14%LMD)J\G+J]_,****!A1110`4444`%%%%`!1110`4444`%%%
M%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444
M`%%%%`!7DWPA_P"3I/C#_P!P7_TD>O6:\F^$/_)TGQA_[@O_`*2/0`?%[_DZ
M3X/?]QK_`-)$KUFO)OB]_P`G2?![_N-?^DB5ZS0`4444`%%%%`!1110`4444
M`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`
M4444`%!Z'/2BBDT!^='PY^"VL:;\3?#_`(KO-:^(8^$6JZ_H^BZ=<S3Z*S3K
M8ZS/-I@EMTM!.EJ]Y.5$BSM,5EC,B(-Q7]%Z\FT?]A#X,^'_`!A;>(+'X9>#
M+76K.]&I07<>F1K+#<B3S!,IQPX?Y@1R#S7K-7"5J,:;W3;_``BOF]-]-+:;
MBJ-RJNH^J2^Z_P!RM9+?8****D84444`%!`(((!!HHH`S-/\%Z-I-XMQ:Z3I
MEM<)G;+%:HCKD8."!GI6G111<`HHHH`****`"BBB@#SK]HSX`2?'O3/#JVGB
MG6?!^J>%]6.KV.H:;!:SR+(UI<VC(R7$4D;*8KJ3^'(.T@\4?LQ?`K4?V=/A
MA8>%+OQKKGC2QT>UM['39=3L[.WEL[>&)8TC_P!&BC#\*"6<%L]Z]%HIQ;2:
M76U_EM^OWONQS;ERW^SHO2[?YL****0@HHHH`****`"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
M*`"BBB@`HHHH`*\F^$/_`"=)\8?^X+_Z2/7K->3?"'_DZ3XP_P#<%_\`21Z`
M#XO?\G2?![_N-?\`I(E>LUS'Q.^#7AGXR6%K;>)=)AU..RD,D!,CQ21$C!`=
M&5@#QE<X)521E1CC?^&&_A;_`-"O_P"5*[_^.T`>LT5Y-_PPW\+?^A7_`/*E
M=_\`QVC_`(8;^%O_`$*__E2N_P#X[0!ZS17DW_##?PM_Z%?_`,J5W_\`':/^
M&&_A;_T*_P#Y4KO_`..T`>LT5Y-_PPW\+?\`H5__`"I7?_QVC_AAOX6_]"O_
M`.5*[_\`CM`'K-%>3?\`##?PM_Z%?_RI7?\`\=H_X8;^%O\`T*__`)4KO_X[
M0!ZS17DW_##?PM_Z%?\`\J5W_P#':/\`AAOX6_\`0K_^5*[_`/CM`'K-%>3?
M\,-_"W_H5_\`RI7?_P`=H_X8;^%O_0K_`/E2N_\`X[0!ZS17DW_##?PM_P"A
M7_\`*E=__':/^&&_A;_T*_\`Y4KO_P".T`>LT5Y-_P`,-_"W_H5__*E=_P#Q
MVC_AAOX6_P#0K_\`E2N__CM`'K-%>3?\,-_"W_H5_P#RI7?_`,=H_P"&&_A;
M_P!"O_Y4KO\`^.T`>LT5Y-_PPW\+?^A7_P#*E=__`!VC_AAOX6_]"O\`^5*[
M_P#CM`'K-%>3?\,-_"W_`*%?_P`J5W_\=H_X8;^%O_0K_P#E2N__`([0!ZS1
M7DW_``PW\+?^A7_\J5W_`/':/^&&_A;_`-"O_P"5*[_^.T`>LT5Y-_PPW\+?
M^A7_`/*E=_\`QVC_`(8;^%O_`$*__E2N_P#X[0!ZS17DW_##?PM_Z%?_`,J5
MW_\`':/^&&_A;_T*_P#Y4KO_`..T`>LT5Y-_PPW\+?\`H5__`"I7?_QVC_AA
MOX6_]"O_`.5*[_\`CM`'K-%>3?\`##?PM_Z%?_RI7?\`\=H_X8;^%O\`T*__
M`)4KO_X[0!ZS17DW_##?PM_Z%?\`\J5W_P#':/\`AAOX6_\`0K_^5*[_`/CM
M`'K-%>3?\,-_"W_H5_\`RI7?_P`=H_X8;^%O_0K_`/E2N_\`X[0!ZS17DW_#
M#?PM_P"A7_\`*E=__':/^&&_A;_T*_\`Y4KO_P".T`>LT5Y-_P`,-_"W_H5_
M_*E=_P#QVC_AAOX6_P#0K_\`E2N__CM`'K-%>3?\,-_"W_H5_P#RI7?_`,=H
M_P"&&_A;_P!"O_Y4KO\`^.T`>LT5Y-_PPW\+?^A7_P#*E=__`!VC_AAOX6_]
M"O\`^5*[_P#CM`'K-%>3?\,-_"W_`*%?_P`J5W_\=H_X8;^%O_0K_P#E2N__
M`([0!ZS17DW_``PW\+?^A7_\J5W_`/':/^&&_A;_`-"O_P"5*[_^.T`>LT5Y
M-_PPW\+?^A7_`/*E=_\`QVC_`(8;^%O_`$*__E2N_P#X[0!ZS17DW_##?PM_
MZ%?_`,J5W_\`':/^&&_A;_T*_P#Y4KO_`..T`>LT5Y-_PPW\+?\`H5__`"I7
M?_QVC_AAOX6_]"O_`.5*[_\`CM`'K-%>3?\`##?PM_Z%?_RI7?\`\=H_X8;^
M%O\`T*__`)4KO_X[0!ZS17DW_##?PM_Z%?\`\J5W_P#':/\`AAOX6_\`0K_^
M5*[_`/CM`'K-%>3?\,-_"W_H5_\`RI7?_P`=H_X8;^%O_0K_`/E2N_\`X[0!
MZS17DW_##?PM_P"A7_\`*E=__':/^&&_A;_T*_\`Y4KO_P".T`>LT5Y-_P`,
M-_"W_H5__*E=_P#QVC_AAOX6_P#0K_\`E2N__CM`'K-%>3?\,-_"W_H5_P#R
MI7?_`,=H_P"&&_A;_P!"O_Y4KO\`^.T`>LT5Y-_PPW\+?^A7_P#*E=__`!VC
M_AAOX6_]"O\`^5*[_P#CM`'K-%>3?\,-_"W_`*%?_P`J5W_\=H_X8;^%O_0K
M_P#E2N__`([0!ZS17DW_``PW\+?^A7_\J5W_`/':/^&&_A;_`-"O_P"5*[_^
M.T`>LT5Y-_PPW\+?^A7_`/*E=_\`QVC_`(8;^%O_`$*__E2N_P#X[0!ZS17D
MW_##?PM_Z%?_`,J5W_\`':/^&&_A;_T*_P#Y4KO_`..T`>LT5Y-_PPW\+?\`
MH5__`"I7?_QVC_AAOX6_]"O_`.5*[_\`CM`'K-%>3?\`##?PM_Z%?_RI7?\`
M\=H_X8;^%O\`T*__`)4KO_X[0!ZS17DW_##?PM_Z%?\`\J5W_P#':/\`AAOX
M6_\`0K_^5*[_`/CM`'K-%>3?\,-_"W_H5_\`RI7?_P`=H_X8;^%O_0K_`/E2
MN_\`X[0!ZS17DW_##?PM_P"A7_\`*E=__':/^&&_A;_T*_\`Y4KO_P".T`>L
MT5Y-_P`,-_"W_H5__*E=_P#QVC_AAOX6_P#0K_\`E2N__CM`'K-%>3?\,-_"
MW_H5_P#RI7?_`,=H_P"&&_A;_P!"O_Y4KO\`^.T`>LT5Y-_PPW\+?^A7_P#*
ME=__`!VC_AAOX6_]"O\`^5*[_P#CM`'K->3?"'_DZ3XP_P#<%_\`21Z/^&&_
MA;_T*_\`Y4KO_P".UV7PQ^#7AGX-V%U;>&M)ATR.]D$DY$CRR2D#`!=V9B!S
+A<X!9B!ECD`__]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>82
<FILENAME>p11adjnetearn.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 p11adjnetearn.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X0!F17AI9@``34T`*@````@`!`$:``4`
M```!````/@$;``4````!````1@$H``,````!``(```$Q``(````0````3@``
M``````!@`````0```&`````!4&%I;G0N3D54('8U+C`P`/_;`$,``@$!`@$!
M`@("`@("`@(#!0,#`P,#!@0$`P4'!@<'!P8'!P@)"PD("`H(!P<*#0H*"PP,
M#`P'"0X/#0P."PP,#/_;`$,!`@("`P,#!@,#!@P(!P@,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#/_``!$(`5P#
M`@,!(@`"$0$#$0'_Q``?```!!0$!`0$!`0```````````0(#!`4&!P@)"@O_
MQ`"U$``"`0,#`@0#!04$!````7T!`@,`!!$%$B$Q008346$'(G$4,H&1H0@C
M0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I*C0U-C<X.3I#1$5&1TA)2E-45597
M6%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJ
MLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:X>+CY.7FY^CIZO'R\_3U]O?X
M^?K_Q``?`0`#`0$!`0$!`0$!`````````0(#!`4&!P@)"@O_Q`"U$0`"`0($
M!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R@0@40I&AL<$)(S-2\!5B
M<M$*%B0TX27Q%Q@9&B8G*"DJ-38W.#DZ0T1%1D=(24I35%565UA96F-D969G
M:&EJ<W1U=G=X>7J"@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>X
MN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR\_3U]O?X^?K_V@`,`P$`
M`A$#$0`_`/V=_;5_;U^$W_!.[X6:?XV^,?BO_A#_``QJFJQZ):WG]F7FH>;>
M20S3)%Y=K%+(,QV\S;BH4;,$Y(!^7_\`B*-_83_Z+G_Y9GB'_P"0:\`_X/5O
M^467@'_LJNG?^FC6*_F!H`_K]_XBC?V$_P#HN?\`Y9GB'_Y!H_XBC?V$_P#H
MN?\`Y9GB'_Y!K^0*B@#^OW_B*-_83_Z+G_Y9GB'_`.0:/^(HW]A/_HN?_EF>
M(?\`Y!K^0*B@#^OW_B*-_83_`.BY_P#EF>(?_D&C_B*-_83_`.BY_P#EF>(?
M_D&OY`J*`/Z_?^(HW]A/_HN?_EF>(?\`Y!H_XBC?V$_^BY_^69XA_P#D&OY`
MJ*`/Z_?^(HW]A/\`Z+G_`.69XA_^0:/^(HW]A/\`Z+G_`.69XA_^0:_D"HH`
M_K]_XBC?V$_^BY_^69XA_P#D&C_B*-_83_Z+G_Y9GB'_`.0:_D"HH`_K]_XB
MC?V$_P#HN?\`Y9GB'_Y!H_XBC?V$_P#HN?\`Y9GB'_Y!K^0*B@#^OW_B*-_8
M3_Z+G_Y9GB'_`.0:/^(HW]A/_HN?_EF>(?\`Y!K^0*B@#^OW_B*-_83_`.BY
M_P#EF>(?_D&C_B*-_83_`.BY_P#EF>(?_D&OY`J*`/Z_?^(HW]A/_HN?_EF>
M(?\`Y!H_XBC?V$_^BY_^69XA_P#D&OY`J*`/Z_?^(HW]A/\`Z+G_`.69XA_^
M0:/^(HW]A/\`Z+G_`.69XA_^0:_D"HH`_K]_XBC?V$_^BY_^69XA_P#D&C_B
M*-_83_Z+G_Y9GB'_`.0:_D"HH`_K]_XBC?V$_P#HN?\`Y9GB'_Y!H_XBC?V$
M_P#HN?\`Y9GB'_Y!K^0*B@#^OW_B*-_83_Z+G_Y9GB'_`.0:/^(HW]A/_HN?
M_EF>(?\`Y!K^0*B@#^OW_B*-_83_`.BY_P#EF>(?_D&C_B*-_83_`.BY_P#E
MF>(?_D&OY`J*`/Z_?^(HW]A/_HN?_EF>(?\`Y!H_XBC?V$_^BY_^69XA_P#D
M&OY`J*`/Z_?^(HW]A/\`Z+G_`.69XA_^0:/^(HW]A/\`Z+G_`.69XA_^0:_D
M"HH`_K]_XBC?V$_^BY_^69XA_P#D&C_B*-_83_Z+G_Y9GB'_`.0:_D"HH`_K
M]_XBC?V$_P#HN?\`Y9GB'_Y!H_XBC?V$_P#HN?\`Y9GB'_Y!K^0*B@#^OW_B
M*-_83_Z+G_Y9GB'_`.0:/^(HW]A/_HN?_EF>(?\`Y!K^0*B@#^OW_B*-_83_
M`.BY_P#EF>(?_D&C_B*-_83_`.BY_P#EF>(?_D&OY`J*`/Z_?^(HW]A/_HN?
M_EF>(?\`Y!H_XBC?V$_^BY_^69XA_P#D&OY`J*`/Z_?^(HW]A/\`Z+G_`.69
MXA_^0:/^(HW]A/\`Z+G_`.69XA_^0:_D"HH`_K]_XBC?V$_^BY_^69XA_P#D
M&C_B*-_83_Z+G_Y9GB'_`.0:_D"HH`_K]_XBC?V$_P#HN?\`Y9GB'_Y!H_XB
MC?V$_P#HN?\`Y9GB'_Y!K^0*B@#^OW_B*-_83_Z+G_Y9GB'_`.0:/^(HW]A/
M_HN?_EF>(?\`Y!K^0*B@#^OW_B*-_83_`.BY_P#EF>(?_D&C_B*-_83_`.BY
M_P#EF>(?_D&OY`J*`/Z_?^(HW]A/_HN?_EF>(?\`Y!H_XBC?V$_^BY_^69XA
M_P#D&OY`J*`/Z_?^(HW]A/\`Z+G_`.69XA_^0:/^(HW]A/\`Z+G_`.69XA_^
M0:_D"HH`_K]_XBC?V$_^BY_^69XA_P#D&C_B*-_83_Z+G_Y9GB'_`.0:_D"H
MH`_K]_XBC?V$_P#HN?\`Y9GB'_Y!H_XBC?V$_P#HN?\`Y9GB'_Y!K^0*B@#^
MOW_B*-_83_Z+G_Y9GB'_`.0:/^(HW]A/_HN?_EF>(?\`Y!K^0*B@#^OW_B*-
M_83_`.BY_P#EF>(?_D&C_B*-_83_`.BY_P#EF>(?_D&OY`J*`/Z_?^(HW]A/
M_HN?_EF>(?\`Y!H_XBC?V$_^BY_^69XA_P#D&OY`J*`/Z_?^(HW]A/\`Z+G_
M`.69XA_^0:/^(HW]A/\`Z+G_`.69XA_^0:_D"HH`_K]_XBC?V$_^BY_^69XA
M_P#D&C_B*-_83_Z+G_Y9GB'_`.0:_D"HH`_K]_XBC?V$_P#HN?\`Y9GB'_Y!
MH_XBC?V$_P#HN?\`Y9GB'_Y!K^0*B@#^OW_B*-_83_Z+G_Y9GB'_`.0:/^(H
MW]A/_HN?_EF>(?\`Y!K^0*B@#^OW_B*-_83_`.BY_P#EF>(?_D&C_B*-_83_
M`.BY_P#EF>(?_D&OY`J*`/Z_?^(HW]A/_HN?_EF>(?\`Y!H_XBC?V$_^BY_^
M69XA_P#D&OY`J*`/Z_?^(HW]A/\`Z+G_`.69XA_^0:/^(HW]A/\`Z+G_`.69
MXA_^0:_D"HH`_K]_XBC?V$_^BY_^69XA_P#D&C_B*-_83_Z+G_Y9GB'_`.0:
M_D"HH`_K]_XBC?V$_P#HN?\`Y9GB'_Y!H_XBC?V$_P#HN?\`Y9GB'_Y!K^0*
MB@#^OW_B*-_83_Z+G_Y9GB'_`.0:/^(HW]A/_HN?_EF>(?\`Y!K^0*B@#^OW
M_B*-_83_`.BY_P#EF>(?_D&C_B*-_83_`.BY_P#EF>(?_D&OY`J*`/Z_?^(H
MW]A/_HN?_EF>(?\`Y!H_XBC?V$_^BY_^69XA_P#D&OY`J*`/Z_?^(HW]A/\`
MZ+G_`.69XA_^0:Z#X3_\''G[&/QQ^*?AGP3X6^,O]J>)_&&JVNB:19_\(EKL
M'VN\N9DA@B\R2R6--TCJNYV51G)(&37\<5>__P#!)W_E*;^S3_V57PO_`.G>
MUH`_M]HHHH`_('_@]6_Y19>`?^RJZ=_Z:-8K^8&OZ?O^#U;_`)19>`?^RJZ=
M_P"FC6*_F!H`_1?]E?\`81^'GQ#_`&>?@OK5]X#TC7)O%QU27Q3J-SK]Y;7U
MO;0-+LEM+>.Y02.I"@JD,G&,@9W5Q&I?LS_#WPY^Q+X>\>>%_!O@SQ5J.K>)
MM4LOMOC+Q1/HPFL(9K@0%$^WV:--LC3**"QR?E]/%/!W_!0KQUX#\-?"[2],
MMM`MXOA->7%YI,H@F\V[,Y;S8[D^;AT8,RX0(<'KGFK/B?\`X*`ZGX]^&L/A
M'Q%\//AUK>@6FM7FO6MM*NJ6PM+BYDDDD"&WO8SL!E<*K$X!'7&:^7K8',/:
MSFIOE<VTE)_#S2=K771QLDX[6?0]2A7PZHPC->\EKHM[/K;O;>_2RT=^Q^*W
MPM^'7[*GP`^$VM:OX#L_'.N_$^SDUV^DNM6OK.'3+4[-EM:B&5<.!(O[R;S>
M5/RL#@'COX2_#O\`9=_9E^%WB_5?`MKX[U?XH37.I-'J>LWD,&E6$;H%MXS:
M20EIBCKF1\@,#\F.!YSIO[;>KO\`#C0/"VO^#O`?C+2_"4TDN@G6K.YEETA7
M.3"C1W$?FP@X/ESB53M7.0`*71/VX-;7X;:/X3\2>$_`WCG1?#FH2:CH\6M6
M5PITMY&WO%%]EG@'D%CGR7#)C`VX``ZUAL5=.5W[[;]YJ\+RM%:Z-7C?:]GJ
M[ZYPJTKJZ7PVV^U;XMM4W>W:ZT7*C[:\,_\`!,3X)Z%XT^(L/B"TOAH5WIVB
M76@W$^HSB7P\^I--"`2C*LH68(090PVXSGDGS?0_^"7WA^[U/X&>#M;LI]&\
M1:]K.OVGBF^@N)3)?PV$K&,1JY:--T:@*RJ,APQR:^=O%O\`P4+^(7COP]\1
M=.UAM&OT^)8LTOY6MW1]/BM&W016H1PD:+TPRMGKG)).GX]_X*=_%/XA:I\-
M]2NKK1[;6?AB6?3M1M[1OM%Z[HD;O<[W9)"R)@[50'<W'(QP4\OS6,K^UWMN
MV[6IV3\_?;YOYK)LZ'B,(Z;3CKKTM>[_``OT_EZ;G;_L^^&?A%^T'^VYH?P[
M/PHM=&T5]>NK82V_B#46DO+2*WG^2X#RMF0NB/OA:(#!7:P.:@_;`_9D\#_"
MW]CG0/%6@Z']@U^^\>:SHLUU]LN)=]I;W%TD,6QW*#:L:#<%W';R3DYX;0O^
M"@6K>$/BY8>.-"^'GPOT/Q#::F^K3W%KIMT3?3/#)$P??<L8T(D9BD!B4M@D
M'%1>(?V^-8\=?"F+P;XF\$>!/$FC6VLWNO6XNAJ4$MO<W4LDDA5K>\BRH,KA
M0P;`QG)YKIEA<:ITI0O:/+S+G;NU?FW=M=.NMM;$.OAVYII:WMILFG;ITNOZ
M1[QKG[!O@/5?CK\`M+LM%DTWPYKO@F/Q7XQD6]N'$T<4?FSR%G<F(/@)^[*@
M;QC%<5\>_@K\/_AS\:OA9XF\,>!])U/X:?%W3+1[32]1U'49%TZX,L<=RJRQ
M7$<ID3(QO=ER[?+P,<K/_P`%2?B.GAN.QT^S\-Z+>VWA6#PA:ZMI\5U!J-E9
MQ.&WQ2^>=DS$+N<#'RC`4\URGBW]N_Q]\0_ACX8\->);JW\2R^$=:_MS3M:U
M62YN]523.?):9Y2'AR!\I7/`PP`%.AA,>JT95)>ZFTUS/52<W?U2<+:W2BTM
MS&=6C[&48KWG%*]MI1C'\Y*5^]TWMK]8:=^RA\(]=_X*;ZY\'C\-=%M?"N@Z
M9+>I+#JVK&]N7^QQ2@2.UXR[5>0D;$4\`$GG/D/Q,^#GPZ_9&^#WP@O]<\"V
M?Q!UCXE0/K.HSWNKWMK'8VFY-MO;+:RQ@/MD!,DGF?,I^7!P.%TW_@HSXWTO
M]K35OC+'I7A5O%&L69LIK5K:X-@J&%(<J@F\P-M0'F0C)/&.*S]%_;JUU/`?
MA?P]XC\)>!O'5IX)G:;0IM>M;IY]-#-N,0:"XB$D60/W<H=?E48P!6>'P..@
MZ3JR<HJ,.=<SNVE/FL[]W![JZ5NEC>OB,/)5%!)-M\KLM%:-KZ;:2[V;O8^S
M/"'_``3$^#7A;XH_%_1_%$-Y-HEFFC_\(]>S7\Z2Z&=1\R-=WELBR%9B@!D#
M#:HSGYL_,?[:/[(VF_LQ_LV_#22XTC[#XVO=5UO3]=N_/F9;W[-<^7"RHS%%
M79@@HJ[@P)S7&^(/V_/'_B[0/B98ZN^DZG)\59+235;J:!UGM1;-F%+;8ZI&
MJ@!<,K<`=\DUOVF?VY?&_P"UGX+\'Z+XN&D2KX,A>*WN[:!X[J^+K&K27#,[
M*SXC7E509)X/987`9E"M"52I>-X\VKV5.VGK)OF_FM&13Q.$=.2Y=?>MIW>G
MZ-?RV:6YZ?X]^$/P\_9,^!_P:U+7O`UG\0]:^)EH=;U*>]U:]M([*U)CVV]L
MMK+&`^V0$R2>8`RGY<'`]NUG_@G!\/?A7J'QY:+0-)\4/X6L=*U3PQ#XCUZ;
M3;2R2Z$A>*XG2XME(!4@,\@X5.<DY^2O#O[<FN6GP\\*>&O$7A/P/XZLO`TK
M2:#-K]K=27&G`G/E!H+B(219`_=RAU^51C``J;5?^"@WQ`\1Z#\4+'5CH^JO
M\6?LXU>YN+=Q-;)!GRDM@CJD:JN%PRMP!WR3>)P6/FI*G-IWEKS.S3J1<4E?
MW>6":=K7VN[W,</6H1E!S5TN6ZMU2?,V^J;U2_!61=_9@_9ILOVGOVX],\#:
ME;Z)X;TJ[N));VV\/ZF+ZUBAAA,C1VUPTUQYF[;C=YLF"Q.>,#TGX??!?X8_
MM1:-\;M'T7P!;>!]4^'6EW.L:)J5GK%]<O<1V[%3%=)/+(C%]N=T:IC=@#C)
M^7?@[\7=>^`_Q+TCQ=X9O/L.M:)/Y]O(5#J>"&1E/WE925([@FOHSX0?\%$?
M"]O-X\TOQE\,M$T?1?B7:RP:Y?\`@IKFTU1G8[MR_:+B2/86SF)/+0[B2#]T
M[9G0Q=N:@V[025G;WD[MM-ZW5DDV]K=6R,'4HJ?[U;R3U5_=ZK;3U27X(K^(
M_@E\*]0_X)A_\+`\-Z+K@\9:=XBM='U'5-2NF!DD:$23)##&YB$(+`*64R$#
M)(SBN&_8+^"?A_XM?%75M3\:6<M[X%\#:'>>(-<B662$3QQ1D1P^9&0REY"N
M,$$A3BH;7]M"?3OV<+OX5P>`?`S>&+NY%_)*[:H;R2\$8C6[+B]VB3`!VA1%
MD?ZO'%8?P:_:W\8?L_\`PR\4^&_"%Q%H4WBV6VDN]:LY)[?5H%@8LL4,T<BA
M$)+;OE)(8C.*V5'%*G7C%N\G[K;V344[;VM[TDK=NNRE*C>CS6M'XK=;2;^=
MU:-_T2/K'P%^P3\.]5_X**:=HDV@_P!H?"WQAX2/BO0;-=0N@GEM;J0AF602
MMLD#'E\X*Y]*\IN?@=X$^-G['.K?$G1O"]KX&UWP7XGMM&U"SL;^\N-/UBWG
M=%5E%S)+)%*N\9`E((5C@;AMS/!W_!5;XF>%M0\&ZA>6WAWQ-K7@FTO;"VU7
M6DN[J^OH+K'F1W$@N%,@&%VD;6&T9)YSRU[^W#J<_A#3?"]MX(\":9X,L;]M
M5G\/V::A%:ZK=XPDUS-]K-U*R'!4><%&U<@@`#DHX3'QJ1<VVH\B^*]U&<G*
MZ=KN4.5:K?5VM<TE6H.G))6<K].KII:=DIWEILMNQ]3_`!Q_83^%7@_Q/^T?
M;:;X5^S0^`O!NG:KH2_VE>/]AN9896DDRTI,F2JG;)N48X`KF/@/^RK\#KS]
MG3X$^*OB!##HH\7:GJMMJ^I3ZI<6]O>M%YXMXI6W[((\HH+H%/`R>2:\-G_X
M*,^/]1^,GC+QCJ-MX=U4>/=/72M:T6[MI7TNYM50(D002B50H'!60,"S'/)K
M.US]M_6?$,7AW3;GP?X"D\'^%K&>QT_PL]A<2Z7")CF6;+SM<>>Q&?.$P<<X
M(R<XT\OS'V*ISJ.[Y6VI:JT)1DM>KDT^U]7JM=)XC#.?,HZ*^EM_AL_P;Z/M
MJ]/9=4_9NTOX:_M>_#SPCXO^#'@^UT+QW=6UBES8^)-4OM-OHVG`>ZL9$NDD
M1MLBJRS-(,@,%4'GM?AI^R_\+?B'^VE\8_`[_#;PW:Z-\-M&U&?2XAK6J0+>
M3QO$(GNII;W`"_,"5:)<.Q;H"OS#XF_;E\7>(/&_PZU:&P\/:38_"HQ'P[HM
MG!,=/M=CJYW>9*\TA<HH8M*6('!!YJ]X)_X*`^+_``1\>?'?Q`CT;PK?:C\1
M;2XLM7L;F"Y^Q&*=E+B,).LJGY<`^82`3WP1=3`8Z5/2;4N2:^*7Q-KD;U>O
M+>^K2>VEB5B*"G>RMS4WLME?G2T6CTMLWUUN>M?`7X'^"?%_@GXY>(O$_P`.
M/`#W_P`.?#-MJ&F:?H?B:^U#26F8SL7>:#496=B%52JS@+MZ*<D^>_M6?`OP
M?;?LR_##XM^#])?PI%XV>[L-0T$WDUW#!<6\C+YT#S$R>6VTY#,V,J,GDG"^
M&W[;]U\([#QAIN@?#OX?V>@>.M-CTO6-)9M6EMYXT:0[E=[XSHY$A!VR@8`P
M`<D\O\>?VGM?^/VG>'M,O;/1=!\.^%+=K;2-$T:W>WL+$.VYW`=W=G<XW.[L
M3CKR<],,+B_K*FFU&\7K)VLH-27+=ZN5GUVO?H0ZM'D::3T?3J^6VMEM9W^Z
MSO<^S7_X)S_#CQS^S%\)]7\.Z0\/C26PTCQ#XB@-]<.=;TV:9(KME5I-L?EE
M@Q,87`..I&(=:_8F^''AS2?VB[_3/!/AK4[WP#XDL].\/VOB'Q+<Z=IMI!(L
M7F+).UY;@D[V(,DV<A0,]#\W^'/^"D/Q!\)>*OAMJ^G0>'[6X^&.C'0;&-;>
M8Q:E:,`&2[4R_/G:#\A3D`C!`J:Y_P""COBK7+3XCV>N>%O!'B#2_BCJ4.JZ
MQ8W<5]#$DL6W8(6@NHY$4;$."[$[>O)SPU,!F?/)JHW%MM>\[J]6+MNM.2+M
MJK<SC=(UI8C"KDYH[<M]-[0DG?SYY+U2B]6CT;]D?X=_#WXQ>&OC1-XD^%'@
M07_PX\/7.KV1TS6]7EMY9XR^$:1-1=)81M`#1M\PYWG.:\^_X)]_"WPC^U-^
MW+H6A>(_#%A;>&-62ZEET:PN[R*WC\NU=E59'F:XQO4-S*3GC..*XSX8_M;Z
MQ\&CX_A\,^'_``QI>F_$32'T6]L`EW-#8P.N";=I)VE#\DYD>09)XQ@#%_9J
M_:'US]E?XQ:7XW\.V^F7>JZ2LJQ0ZA$\EO()(VC8,$=&Z,2,,.0/I7I?5,1:
MNXR:<H6C>3TERM=W9WMJK^IR5*L'",4E=3;>BUC[ME>R_O::'M?A[]FNP^+W
M[9OA7P&WA'P%X:T,7]Q<:C+X7\22ZOYFG0,6D-S)]ONA`XCC(`_=,#)R.F/0
MO$7['?PP\:_M1_`?6/"6@O%\)/BJS6\VGKJ%S(4N+>219HVF9S*NX;#@.",/
MC%>#^%/VZM5^&FN>(M8\&>"_!7@S7O$VFW.FW6J:7+JK7<*SNKO+"T][*(I0
M5^5E``STZ8UO!G_!3GXF^&M`\.V6K3Z?XUNO"FO#Q#IFI>))+R^O[>;RS&8O
M-\]282K-\I!.6.".,<L\+CWR2@VN56:YGJWS)MZN]O=:;>EG9:V6]2KAW[16
M^*]M-K6<;;6N[IZ;6UTN>^_'?]BOX:>$+'P\;SP=8>&+[6/BDOAK2$T36[K4
M;;6-)6Y$<GVEWN)U@G`W`JKHX8'Y%P0O>>.O^"8GPJA_:"U#4-"T!KCP!!H.
ML65UIO\`:5V3I.M6:!T)D,OF$21G>%9BORGC!`KXWM_^"AGC5-*U>RGTWPQ>
MV^J^,H_'*+<6\[?V=J"3"4BWQ,-D3D;64[B5)^8$YK:\*_\`!4[XF>$/&/Q'
MUBTM_#3#XG%I-2LI;6=[2TE,7E&:W7SMR/LXRS.#@9!P,<-3+<U]ERPJ/F2E
M]IV;E&"76ZM[S3_F5U92LNM8O!^VYG!<KDNG12F]/5<BM_+=.[5W](?!+]A3
MX.:UJ7P>N->\)27=AKWPRO?$^MQKJEXAO;N(VF)?EE!3`DD^5-JG/3@5A>*/
M^"77A?3_``3XEL;-(FN];\<Z19^%/$+74I1=&OPC*0F_RY"`SKEE+%DX(R*\
M%\-_\%-O'OA>U\+PV^D>$'7PEX3N/!UF9+6X)DM)Q$'DDQ.,S#R5P1M7DY4\
M8Q'_`."@_P`1'_9HT7X7&XTT:/X>OX+_`$_4A%)_:=J8)#)#&LN_9L1SE1LR
M,`9QQ71+`9E[;GC4TYEI=_#[64F_50Y8VV:;CT1S+$8?V7)RZV>MOM>S45\N
M;F;\TF>O_$3]F[P]=^./B+X7\`_!C1_$>C_#ZWN[.[U23QR;?Q*LMLN)+\VS
MW6PPACPJVA5N@8$X#OC)^RCX)NOV3[?Q9\*_"FA>.-*L_#]O/K>O6OB6X&NZ
M%?@;YWN;)G,(@"X&Q8PXR6W!1FO.YO\`@IGXO;5_$VMP^$_A_9^+?&&COHFL
M>(;>QNH[R]A<`,[1"X^R^:<#+B#)P*YR/]N'7-%\!>)=#\.^$_`OA&;QCIT>
ME:UJ6C6$]O<W]N@P4V-,UO%O!.XQ0H6SG.>:J&$S#EBF]5R_:=F]>:_O?#U5
MK:Z.+25K]OA>?FM9-RTLM(^ZX]-9*S6K:?=79Y[X)^!_C7XEZ'>:IX<\'^*?
M$&F:<2MW=Z;I4]W!:D+N(=XU*J0O/)''-=[^Q1X9T7XB_&#1O"M[\.CX_P!0
MU_4K>#;+J5U;0V-GN_TB39;M&V\)EO,>78H4Y1LYKQJO6OV<?VO-4_9H\->)
MM-TKPQX3U?\`X2N`6E[>:@+V.]2WQ\T,4]K<PO&C'E@IRV!DX&*]S%1JNE/D
M5WT6J^]W^>EM-.IY<%%RBF[=WOIZ?UKKH?2GB+]E7X-?#C0OB/XTTW14\=:#
MI_Q"L_!^BV5WJ5U':VT3+$UR_F021R2,&>1$8NR_(I(;)ST?@?\`8/\`@KH'
M[;GQ/^&FLZ1XCUV;3-+EU?0X'O6AL;&V^RQS?/)&ZS23+))M4'Y=@RQ8U\O?
M#_\`;FU/X::%J^A:;X&\!-X2U>^M-5/A^Y349[&VO+<J4N(V:[,^XE5W*\K(
MP7&W&0=#X>?\%%_%O@+XS>*/B%-X=\'>(?&/BT2Q7>HZE'>@Q6\B*C6\<<%S
M%&(PJ*`2K.,?>KY^IE^8<DXQJ2^!I/FLV^6FHO>R:E&;DUT>C=]/5CBL-SJ4
MHJW,FU;1+FFWTU7*XQ2VNMK*[F_X)Y?#_P`+_&?XRZ-X0UOX<CQ>FHW;3:OJ
M4^JW5M%H^G)'\\J+`\01E;DR2NZD%5"`G)\X\8WOA/X=?M!^(UT/2M,\9^$+
M+4[JWTR#5)KI8+FW\QEB<O;30RDA<$$.`>I!Z5U_PY_;;N/A?X`\5^%M+^'7
MP^30_&4XDU&+?JT<S1``+:BXCOEG,`()V-(V2[9)!P/(O%&MVVO^(KF^L](T
M_0K>=PT=A8O.]O;#`&U#/))*1D9^=V.2><8`]NA3J/%RJ5$U!I*U_2[M?1]%
M;LW?5)<#E!4>16<KWVV2OUMJGN[^2MN?H/X[_89^&7BK]O#P[\)M&\%Z3X;\
M.R>'8?%&I:A;ZEJ4NIS*$=GMHS/=/"$=@@SY1<+N(:O'/A_\)OAO^U9\#/C3
MJ.B>`[7P!K/PTLO[:TNZL-7OKM;RV!?=!<I<RR*S[8R=\8C&6'R@#GSWQ7_P
M4+^(7B;]I'0?BI"VCZ1XH\/V$.F0BQMY!:W$$:LI66.1W+;U=@PR!TP%(!JE
MXL_;7UK5OA]XG\->'_"O@KP'8>-;@7&OOX?MKI)]4`8L(F>XGF\N'<2?+BV+
MR1C!(/D4\!CXTU%S;E9:\STDIW;>NJ<;)+79JRNV=L,3A[WE%;KHM5RV:79\
MU]?-.^B0G[%'AG1?B+\8-&\*WOPZ/C_4-?U*W@VRZE=6T-C9[O\`2)-ENT;;
MPF6\QY=BA3E&SFOHGQ%^RK\&OAQH7Q'\::;HJ>.M!T_XA6?@_1;*[U*ZCM;:
M)EB:Y?S()(Y)&#/(B,79?D4D-DY^:_V<?VO-4_9H\->)M-TKPQX3U?\`X2N`
M6E[>:@+V.]2WQ\T,4]K<PO&C'E@IRV!DX&*UOA_^W-J?PTT+5]"TWP-X";PE
MJ]]::J?#]RFHSV-M>6Y4I<1LUV9]Q*KN5Y61@N-N,@]F,P^)G7<Z=U%<NTOB
M]Z+EU]U\J:5DKW=VKG+0G35)QE:[O;3;W9*/37WFFT]E%63V/J'P/^P?\%=`
M_;<^)_PTUG2/$>NS:9I<NKZ'`]ZT-C8VWV6.;YY(W6:299)-J@_+L&6+&O%_
M^";/P2\%_'WQQIF@>)O!_AK5K2YN[A=1O[_Q>UIJ2QB`M&EC80S1S2.&&2Q2
M96R1\F*Y;X>?\%%_%O@+XS>*/B%-X=\'>(?&/BT2Q7>HZE'>@Q6\B*C6\<<%
MS%&(PJ*`2K.,?>K"^%7[83_!SQ3:ZSHOPX^&R:CI-Z]_H\TMI?/)I#LNW"/]
MJ#SJ#\RBZ:;:3\I`XKEI8/'QI3A.3<G3@K\VTTI*36J>MUKI=IM]$]Z];#RD
MI4TDN:3VZ-*U]&K73TULFK:WMYU\5/#]KX4^)WB+2["'4(+'3M3N;:VCOX6A
MNDB25E02HP!60*!N!`(.>!6#6MX\\;ZG\2O&NK>(=9N#=ZMK=W)>W<VT+YDL
MC%F.!P!D]!P*R:^@H1FJ<54W25_7J<6(E!U9.G\+;MZ7T"BBBM3$****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`*]__`."3O_*4W]FG_LJOA?\`].]K7@%>
M_P#_``2=_P"4IO[-/_95?"__`*=[6@#^WVBBB@#\@?\`@]6_Y19>`?\`LJNG
M?^FC6*_F!K^G[_@]6_Y19>`?^RJZ=_Z:-8K^8&@#]4O@;_P3<\/>-_V'O`GA
M=?#_`(';Q5XD\)P^.M7U[5-)N+R]^V:YK4>B:!8VUQ!=VSP^6@GN"C-+`TA/
MF0R[5*^0?M!?\$6]'^'OQM^"O@[P%\7;GX@+\8?'.I^!X[R;PD=*-G)I]]!9
MW%[%']LF-Q;B264;F:(DV[X!4AZ^??&/_!1;XL^)?#?@33--\5:KX.3P#H%A
MX>M9O#>HWFFRZA#87<]W9376R;;)/;R7#^7(JKLPI`W98\):_M+_`!'L=>\/
M:K!\0/&\.J>$GGET.\37+I;C17GD:69K9P^Z$R2.[N8RI9G8G))-;U)TW7]H
MEHI2NOYH<WNKR:C[MUK:W5&<5-4>2^O*K>4G'WO5<_O+6VZM8_076O\`@WT\
M$:O\/IM3\#_M#ZCXNUF[T'5]>T33I?AX;&'5HM.U--+=C.-1D,4<]U(B0-L9
MI,DE$`R?JS0?^"#?P6ETBXTNX\&^'M1\3/J%UI46IVTVMVVEPN^N6VD6MR;1
MM5DE:*..PUJZ=/M0,FXX>-1&(_Q8T+]K+XJ>%X+6+3/B9\0-.BL;2'3[9+7Q
M%>0K;VT-S]KB@0+(-L:7/[]4&%67YP`W-:R?MX?'&*82)\9OBNLBXPP\6Z@&
M&#.1SYO8W5R1Z?:)?^>C9S<K17+KO>^S3>FVJ=K:IZ.[6CLM))-R:TUO'RT5
MTULU>_G:W4^]_"'_``;O:?\`'CQI+9Z7\4%\,Z[J-KHGBB32K3P5</X?T?1]
M:U`0VJ17]QJ+S27,=JQN#;N'.R,J;AV#../M_P#@AGX`US5-)BT'X_ZKXD?Q
M-X/F\7^'M&M/!%G;>(_$D$-]<VTC6=G=ZQ!%)%Y5K)=*3<K,\/(@+`J/C?3_
M`-NWXX:3X5T'0K3XR?%:UT3PLNS1=/B\6WZ6FD+Y;1;;>(2[81Y;NF$`^5F'
M0D4S0OVY?C9X7\$3^&=,^,/Q3T[PW<V$>E3:5:^*[^&QELT5E2V:%90AA57<
M",C:`S`#DU%1+E<:?1NU^J::2?H^5Z;V:ZJU1E=WFM[7MTU5[=TU==+75MM?
MI+]CW_@C7:_M,_`KPQXMUGXE7_A/4?B#9^(]2\,6-MX3;5+0V>B0EKJYU&[^
MU0K8QM*!$I5)SN920`17N^I?\$^?V>/^'EW[/_[.FB>%M3U==$\/0^(/BEJ%
M[%?66I:Y(-(.JR6P,>IS0QJT6$,=M#"\3<">?.Y?S_\`@C^V[\1?@CX>M_"\
M/B3Q!KOPU%PUQ?\`@&_\1:K;^&-9+?>6YM;.Z@WJQ"D[64L5&21D&#XP?MH_
M$3XQ_M8ZW\;)O$%YX<^(>M:DVJ+J7AZ:33)--DVA$6V:-O,B5(PJ+ABVU1EB
M<D[5)QYER*T=^]FDU%ONFY7E&Z3<%LI6CERWC*^[36_233T[.*32>ZYKZM'L
MWQO_`&=OAY\%_P!@[X)>,O$'A34](\6_%WQKJ^MOY5Q<)<6OA.V:W@BMXHI9
M#&=\C3O',REFV#+E>MG_`(*^_`WP1\(/&_@?5?A9X+\#^'_A-X]TJ77O!FL:
M/?ZW-JFN:>9?)']IQ:G<R&&YBDB<'R(8HGW,5+KC;XR?^"@7QZ/C&^\1'XW?
M%T^(-3%LMYJ?_"8ZC]LNQ;.SVPDE\[>XA=F:/<3L+$K@DUD_$K]L7XN_&:RU
MBU\8?%3XC^++;Q%]F&JQ:SXEO;]-3^S%FM_/661A+Y1=BF_.PL=N,FL:FJ7+
MI9W_`.W>51L^[T3OUES-J\[QV4O>;[I_>Y.5[;*UW%?W>7^77]%_V,_^"`/A
M_P`=?"O4YO%.OZAK?C[Q/X*T.YTG37T2XM-#\,7_`(@N8ET^=M1CN@UU<6]K
MYMQ);?9_+P0"[$8.U^S3_P`$#OAS>>!#XRN?$'B3XH>&_&ZP>&?#L6I^'I_"
ME]INJW'B*UTQ-0$,=[,9;?R!>31&1@'6,[XU*X'YM1_MS?&V'P=H7AQ/C%\4
MT\/>%WMY-&TP>*[\6>DM;G,#6\/F[(3$0"A0#8>F*LZK_P`%`/CSKOB-]8OO
MC9\7+S5Y)K>X>^G\8:C)<M);B00.9#,6+1"64(<Y02/C&XYZ'6BJWM(QT3=D
M_P"1O9_WE=VEOI'5I*W,J<G2<)/6T7?^\EK_`-NNRTZ7EWN?I-XZ_P"#<7P7
M\9/CMXJC\%_$?4_`^G7%]I6HZ9HL/A";5=(TC3-7OVCL8/[4GU!9)[I+%6NY
M4\HA5&/,)Y'SOX7_`."77PYO_!^D?$+X5?%K5_C/!IOCS3O#,^F?\(/86EO:
MRS:C#;0-J44NK27$-M=GS3`R6LZ2J@63R68HOS):?\%!_CY8>%]+T.W^.'Q?
M@T71$6/3M/C\9:BMK8*J-&JPQB;;&`CNH"@85F'0FNA_9Y_X*>_&C]G76/"L
MMIXTU[Q1H_@17?PUX>\1ZQ?W^A:!<F)XX;NWLO/6%)H#(7BRI17`)5NE9X62
MHSC+=1::[M)IV=[ZV32\Y7;TUTQ:]K&<4K<R?E9M-:6MI=IZ:JS23NK9_P#P
M4P\.>%_!_P#P4,^-ND^"K/3]/\*:9XVU6UTRUL46.UMH4NY%$<2K\JQK@A57
M@``#C%>'U/J>IW&M:E<7EW/+<W=W*TTTTC%GE=B2S,3U))))]Z@KDPU)TZ,*
M<G=I)7[V1TXFI&I6G4BK)MM+U84445N8!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`5[_P#\$G?^
M4IO[-/\`V57PO_Z=[6O`*]__`."3O_*4W]FG_LJOA?\`].]K0!_;[1110!^:
MO_!TE^Q-\3OV^_V$?`/@+X2>&?\`A+/%G_"Q[34OL/\`:-I8?Z/%I.K"1_,N
M98H^"Z\;LG/`/-?A9_Q"X_MV?]$,_P#+S\/?_)U?UH_$;_D</`/_`&'I?_39
M?UUE`'\@7_$+C^W9_P!$,_\`+S\/?_)U'_$+C^W9_P!$,_\`+S\/?_)U?U^T
M4`?R!?\`$+C^W9_T0S_R\_#W_P`G4?\`$+C^W9_T0S_R\_#W_P`G5_7[10!_
M(%_Q"X_MV?\`1#/_`"\_#W_R=1_Q"X_MV?\`1#/_`"\_#W_R=7]?M%`'\@7_
M`!"X_MV?]$,_\O/P]_\`)U'_`!"X_MV?]$,_\O/P]_\`)U?U^T4`?R!?\0N/
M[=G_`$0S_P`O/P]_\G4?\0N/[=G_`$0S_P`O/P]_\G5_7[10!_(%_P`0N/[=
MG_1#/_+S\/?_`"=1_P`0N/[=G_1#/_+S\/?_`"=7]?M%`'\@7_$+C^W9_P!$
M,_\`+S\/?_)U'_$+C^W9_P!$,_\`+S\/?_)U?U^T4`?R!?\`$+C^W9_T0S_R
M\_#W_P`G4?\`$+C^W9_T0S_R\_#W_P`G5_7[10!_(%_Q"X_MV?\`1#/_`"\_
M#W_R=1_Q"X_MV?\`1#/_`"\_#W_R=7]?M%`'\@7_`!"X_MV?]$,_\O/P]_\`
M)U'_`!"X_MV?]$,_\O/P]_\`)U?U^T4`?R!?\0N/[=G_`$0S_P`O/P]_\G4?
M\0N/[=G_`$0S_P`O/P]_\G5_7[10!_(%_P`0N/[=G_1#/_+S\/?_`"=1_P`0
MN/[=G_1#/_+S\/?_`"=7]?M%`'\@7_$+C^W9_P!$,_\`+S\/?_)U'_$+C^W9
M_P!$,_\`+S\/?_)U?U^T4`?R!?\`$+C^W9_T0S_R\_#W_P`G4?\`$+C^W9_T
M0S_R\_#W_P`G5_7[10!_(%_Q"X_MV?\`1#/_`"\_#W_R=1_Q"X_MV?\`1#/_
M`"\_#W_R=7]?M%`'\@7_`!"X_MV?]$,_\O/P]_\`)U'_`!"X_MV?]$,_\O/P
M]_\`)U?U^T4`?R!?\0N/[=G_`$0S_P`O/P]_\G4?\0N/[=G_`$0S_P`O/P]_
M\G5_7[10!_(%_P`0N/[=G_1#/_+S\/?_`"=1_P`0N/[=G_1#/_+S\/?_`"=7
M]?M%`'\@7_$+C^W9_P!$,_\`+S\/?_)U'_$+C^W9_P!$,_\`+S\/?_)U?U^T
M4`?R!?\`$+C^W9_T0S_R\_#W_P`G4?\`$+C^W9_T0S_R\_#W_P`G5_7[10!_
M(%_Q"X_MV?\`1#/_`"\_#W_R=1_Q"X_MV?\`1#/_`"\_#W_R=7]?M%`'\@7_
M`!"X_MV?]$,_\O/P]_\`)U'_`!"X_MV?]$,_\O/P]_\`)U?U^T4`?R!?\0N/
M[=G_`$0S_P`O/P]_\G4?\0N/[=G_`$0S_P`O/P]_\G5_7[10!_(%_P`0N/[=
MG_1#/_+S\/?_`"=1_P`0N/[=G_1#/_+S\/?_`"=7]?M%`'\@7_$+C^W9_P!$
M,_\`+S\/?_)U'_$+C^W9_P!$,_\`+S\/?_)U?U^T4`?R!?\`$+C^W9_T0S_R
M\_#W_P`G4?\`$+C^W9_T0S_R\_#W_P`G5_7[10!_(%_Q"X_MV?\`1#/_`"\_
M#W_R=1_Q"X_MV?\`1#/_`"\_#W_R=7]?M%`'\@7_`!"X_MV?]$,_\O/P]_\`
M)U'_`!"X_MV?]$,_\O/P]_\`)U?U^T4`?R!?\0N/[=G_`$0S_P`O/P]_\G4?
M\0N/[=G_`$0S_P`O/P]_\G5_7[10!_(%_P`0N/[=G_1#/_+S\/?_`"=1_P`0
MN/[=G_1#/_+S\/?_`"=7]?M%`'\@7_$+C^W9_P!$,_\`+S\/?_)U'_$+C^W9
M_P!$,_\`+S\/?_)U?U^T4`?R!?\`$+C^W9_T0S_R\_#W_P`G4?\`$+C^W9_T
M0S_R\_#W_P`G5_7[10!_(%_Q"X_MV?\`1#/_`"\_#W_R=1_Q"X_MV?\`1#/_
M`"\_#W_R=7]?M%`'\@7_`!"X_MV?]$,_\O/P]_\`)U'_`!"X_MV?]$,_\O/P
M]_\`)U?U^T4`?R!?\0N/[=G_`$0S_P`O/P]_\G4?\0N/[=G_`$0S_P`O/P]_
M\G5_7[10!_(%_P`0N/[=G_1#/_+S\/?_`"=1_P`0N/[=G_1#/_+S\/?_`"=7
M]?M%`'\@7_$+C^W9_P!$,_\`+S\/?_)U'_$+C^W9_P!$,_\`+S\/?_)U?U^T
M4`?R!?\`$+C^W9_T0S_R\_#W_P`G4?\`$+C^W9_T0S_R\_#W_P`G5_7[10!_
M(%_Q"X_MV?\`1#/_`"\_#W_R=1_Q"X_MV?\`1#/_`"\_#W_R=7]?M%`'\@7_
M`!"X_MV?]$,_\O/P]_\`)U'_`!"X_MV?]$,_\O/P]_\`)U?U^T4`?R!?\0N/
M[=G_`$0S_P`O/P]_\G4?\0N/[=G_`$0S_P`O/P]_\G5_7[10!_(%_P`0N/[=
MG_1#/_+S\/?_`"=1_P`0N/[=G_1#/_+S\/?_`"=7]?M%`'\@7_$+C^W9_P!$
M,_\`+S\/?_)U'_$+C^W9_P!$,_\`+S\/?_)U?U^T4`?R!?\`$+C^W9_T0S_R
M\_#W_P`G4?\`$+C^W9_T0S_R\_#W_P`G5_7[10!_(%_Q"X_MV?\`1#/_`"\_
M#W_R=1_Q"X_MV?\`1#/_`"\_#W_R=7]?M%`'\@7_`!"X_MV?]$,_\O/P]_\`
M)U'_`!"X_MV?]$,_\O/P]_\`)U?U^T4`?R!?\0N/[=G_`$0S_P`O/P]_\G5Z
M3_P3V_X-_/VNO@=_P4T^!VH>*?A)_9=GX/\`&.@^+M7D_P"$HT6?[)I=MJMN
MT]QB.[8OM",=B!G..%/%?U:5Y-_S?3_W(G_N0H`]9HHHH`Y/XC?\CAX!_P"P
M]+_Z;+^NLKD_B-_R.'@'_L/2_P#ILOZZR@`HKS?Q[^U#H'PY^.GAGP!J-AXB
M74?%%K=W<&HKI[+I5NMO"\SJ]PY52^R-CLCWLO&X(&4GQS2/^"M7A'7+?38H
M/A]\41K7BR.VNO!>C26NF1WOCNTN#)Y5U8;KT11Q;(GD87DEL\:;6=%#+E)W
M=E_6]EZNSLMVDWLF'1OHM_+;5^2NKO975]T?5=%<=\`_C?I'[17PKT[Q;HL&
MH6=I?//;RV=_&D=W87-O/);W%M,J,Z"2*:*2-MK,N4.&88)[&KE%Q;3)C)-7
M04445)04444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4
M444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!11
M10`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%>3?
M\WT_]R)_[D*]9KR;_F^G_N1/_<A0!ZS1110!R?Q&_P"1P\`_]AZ7_P!-E_76
M5R?Q&_Y'#P#_`-AZ7_TV7]=90!X+^TI^RWX[^-_[0'@'Q/I'CKP=H7A?P:MT
MEUHU_P"$+G4KW4UNX7M[H+>)J4"0Y@;$>;>38XW-YBGRQXWHO_!);Q=H]SX$
MUQOB_I-YXV^#5K::5\/-3G\%G[)ING0)+"T6HVRWP:^FE@F,;RPRVB_(C)&A
MW!OMZBB'N_#IK?SOKUWVE)>DFMFQMWO=;JWRTO\`?97[M)O5(\__`&8/@-%^
MS9\&K'PJNIRZW=)=WNIW^H/`(/MM[>W<UY<RK$"PC1IIY"J;FVKM&6QD]%XW
M^%?A?XF?9?\`A)/#>@^(/L._[/\`VEI\-W]GW[=VSS%.W=M7..NT>@K>HJIS
M<FY/J1&*2LCDM>^`/@3Q3]B_M3P3X1U+^S;5+&T^U:/;S?9;=,[(8]R'9&N3
MA1@#)P*->^`/@3Q3]B_M3P3X1U+^S;5+&T^U:/;S?9;=,[(8]R'9&N3A1@#)
MP*ZVBI*.9\9_!;P;\1M4COO$/A+PSKU[%$($N-1TN"ZE2,$L$#.I(4%F..F6
M/K4'B?X`^!/&VN3ZIK7@GPCJ^IW6WSKN]T>WN)Y=JA5W.Z%CA5`&3P`!VKK:
M*`.2\3_`'P)XVUR?5-:\$^$=7U.ZV^==WNCV]Q/+M4*NYW0L<*H`R>``.U3Z
ME\%O!NL^,%\0WGA+PS=Z^DL<ZZG-I<$EXLD841N)2N_<@5=ISD;1C&!7344`
M<SJ7P6\&ZSXP7Q#>>$O#-WKZ2QSKJ<VEP27BR1A1&XE*[]R!5VG.1M&,8%0?
M\*!\"?\`"4?VY_PA/A'^VOM7V[[?_8]O]J^T;]_G>9LW>9O^;=G.><YKK:*`
M.9TWX+>#=&\8-XAL_"7AFTU]Y9)VU.'2X([QI)`PD<RA=^YPS;CG)W'.<FC3
M?@MX-T;Q@WB&S\)>&;37WEDG;4X=+@CO&DD#"1S*%W[G#-N.<G<<YR:Z:B@#
MDO#'P!\">"=<@U31?!/A'2-3M=WDW=EH]O;SQ;E*MM=$##*L0<'D$CO4_@SX
M+>#?ASJDE]X>\)>&=!O98C`]QIVEP6LKQDABA9%!*DJIQTRH]*Z:B@#DM!^`
M/@3PM]M_LOP3X1TW^TK5[&[^RZ/;P_:K=\;X9-J#?&V!E3D'`R*-!^`/@3PM
M]M_LOP3X1TW^TK5[&[^RZ/;P_:K=\;X9-J#?&V!E3D'`R*ZVB@#DM!^`/@3P
MM]M_LOP3X1TW^TK5[&[^RZ/;P_:K=\;X9-J#?&V!E3D'`R*G\._!;P;X0TO4
M['2?"7AG2[+6HO(U"WM-+@@BOX\,NR554"1<.XPV1AV]37344`<EI_P!\":3
MH>HZ7:>"?"-KIFK^7]NM(M'MT@O?+;='YJ!-K[&)*[@<$Y&*-/\`@#X$TG0]
M1TNT\$^$;73-7\O[=:1:/;I!>^6VZ/S4";7V,25W`X)R,5UM%`',V?P6\&Z?
MX/N_#UOX2\,P:!?RB>YTR/2X%L[B0%"'>(+L9@8TY()^1?05!_PH'P)_PB_]
MA_\`"$^$?[%^U?;OL']CV_V7[1LV>=Y>S;YFSY=V,XXSBNMHH`Y+_A0/@3_A
M%_[#_P"$)\(_V+]J^W?8/['M_LOVC9L\[R]FWS-GR[L9QQG%3WGP6\&ZAX/M
M/#UQX2\,SZ!82F>VTR32X&L[>0ER72(KL5B9'Y`!^=O4UTU%`'):A\`?`FK:
M'IVEW?@GPC=:9I'F?8;271[=X++S&W2>4A3:F]@"VT#)&3FC4/@#X$U;0].T
MN[\$^$;K3-(\S[#:2Z/;O!9>8VZ3RD*;4WL`6V@9(R<UUM%`'):A\`?`FK:'
MIVEW?@GPC=:9I'F?8;271[=X++S&W2>4A3:F]@"VT#)&3FI_$7P6\&^+]+TR
MQU;PEX9U2RT6+R-/M[O2X)XK"/"KLB5E(C7"(,+@81?05TU%`'):]\`?`GBG
M[%_:G@GPCJ7]FVJ6-I]JT>WF^RVZ9V0Q[D.R-<G"C`&3@4:]\`?`GBG[%_:G
M@GPCJ7]FVJ6-I]JT>WF^RVZ9V0Q[D.R-<G"C`&3@5UM%`',^,_@MX-^(VJ1W
MWB'PEX9UZ]BB$"7&HZ7!=2I&"6"!G4D*"S''3+'UJ#Q/\`?`GC;7)]4UKP3X
M1U?4[K;YUW>Z/;W$\NU0J[G="QPJ@#)X``[5UM%`',ZE\%O!NL^,%\0WGA+P
MS=Z^DL<ZZG-I<$EXLD841N)2N_<@5=ISD;1C&!1J7P6\&ZSXP7Q#>>$O#-WK
MZ2QSKJ<VEP27BR1A1&XE*[]R!5VG.1M&,8%=-10!R7_"@?`G_"4?VY_PA/A'
M^VOM7V[[?_8]O]J^T;]_G>9LW>9O^;=G.><YH_X4#X$_X2C^W/\`A"?"/]M?
M:OMWV_\`L>W^U?:-^_SO,V;O,W_-NSG/.<UUM%`',Z;\%O!NC>,&\0V?A+PS
M::^\LD[:G#I<$=XTD@82.90N_<X9MQSD[CG.31IOP6\&Z-XP;Q#9^$O#-IK[
MRR3MJ<.EP1WC22!A(YE"[]SAFW'.3N.<Y-=-10!R7ACX`^!/!.N0:IHO@GPC
MI&IVN[R;NRT>WMYXMRE6VNB!AE6(.#R"1WJ?P9\%O!OPYU22^\/>$O#.@WLL
M1@>XT[2X+65XR0Q0LB@E254XZ94>E=-10!R6@_`'P)X6^V_V7X)\(Z;_`&E:
MO8W?V71[>'[5;OC?#)M0;XVP,J<@X&11H/P!\">%OMO]E^"?".F_VE:O8W?V
M71[>'[5;OC?#)M0;XVP,J<@X&176T4`<SX=^"W@WPAI>IV.D^$O#.EV6M1>1
MJ%O::7!!%?QX9=DJJH$BX=QALC#MZFH-/^`/@32=#U'2[3P3X1M=,U?R_MUI
M%H]ND%[Y;;H_-0)M?8Q)7<#@G(Q76T4`<EI_P!\":3H>HZ7:>"?"-KIFK^7]
MNM(M'MT@O?+;='YJ!-K[&)*[@<$Y&*-/^`/@32=#U'2[3P3X1M=,U?R_MUI%
MH]ND%[Y;;H_-0)M?8Q)7<#@G(Q76T4`<S9_!;P;I_@^[\/6_A+PS!H%_*)[G
M3(]+@6SN)`4(=X@NQF!C3D@GY%]!4'_"@?`G_"+_`-A_\(3X1_L7[5]N^P?V
M/;_9?M&S9YWE[-OF;/EW8SCC.*ZVB@#DO^%`^!/^$7_L/_A"?"/]B_:OMWV#
M^Q[?[+]HV;/.\O9M\S9\N[&<<9Q4]Y\%O!NH>#[3P]<>$O#,^@6$IGMM,DTN
M!K.WD)<ETB*[%8F1^0`?G;U-=-10!R6H?`'P)JVAZ=I=WX)\(W6F:1YGV&TE
MT>W>"R\QMTGE(4VIO8`MM`R1DYHU#X`^!-6T/3M+N_!/A&ZTS2/,^PVDNCV[
MP67F-ND\I"FU-[`%MH&2,G-=;10!S/B+X+>#?%^EZ98ZMX2\,ZI9:+%Y&GV]
MWI<$\5A'A5V1*RD1KA$&%P,(OH*@U[X`^!/%/V+^U/!/A'4O[-M4L;3[5H]O
M-]EMTSLACW(=D:Y.%&`,G`KK:*`.2U[X`^!/%/V+^U/!/A'4O[-M4L;3[5H]
MO-]EMTSLACW(=D:Y.%&`,G`HU[X`^!/%/V+^U/!/A'4O[-M4L;3[5H]O-]EM
MTSLACW(=D:Y.%&`,G`KK:*`.9\9_!;P;\1M4COO$/A+PSKU[%$($N-1TN"ZE
M2,$L$#.I(4%F..F6/K4'B?X`^!/&VN3ZIK7@GPCJ^IW6WSKN]T>WN)Y=JA5W
M.Z%CA5`&3P`!VKK:*`.9U+X+>#=9\8+XAO/"7AF[U])8YUU.;2X)+Q9(PHC<
M2E=^Y`J[3G(VC&,"C4O@MX-UGQ@OB&\\)>&;O7TECG74YM+@DO%DC"B-Q*5W
M[D"KM.<C:,8P*Z:B@#DO^%`^!/\`A*/[<_X0GPC_`&U]J^W?;_['M_M7VC?O
M\[S-F[S-_P`V[.<\YS4^F_!;P;HWC!O$-GX2\,VFOO+).VIPZ7!'>-)(&$CF
M4+OW.&;<<Y.XYSDUTU%`',Z;\%O!NC>,&\0V?A+PS::^\LD[:G#I<$=XTD@8
M2.90N_<X9MQSD[CG.34'ACX`^!/!.N0:IHO@GPCI&IVN[R;NRT>WMYXMRE6V
MNB!AE6(.#R"1WKK:*`.2\,?`'P)X)UR#5-%\$^$=(U.UW>3=V6CV]O/%N4JV
MUT0,,JQ!P>02.]3^#/@MX-^'.J27WA[PEX9T&]EB,#W&G:7!:RO&2&*%D4$J
M2JG'3*CTKIJ*`.2T'X`^!/"WVW^R_!/A'3?[2M7L;O[+H]O#]JMWQOADVH-\
M;8&5.0<#(HT'X`^!/"WVW^R_!/A'3?[2M7L;O[+H]O#]JMWQOADVH-\;8&5.
M0<#(KK:*`.9\._!;P;X0TO4['2?"7AG2[+6HO(U"WM-+@@BOX\,NR554"1<.
MXPV1AV]34&G_``!\":3H>HZ7:>"?"-KIFK^7]NM(M'MT@O?+;='YJ!-K[&)*
M[@<$Y&*ZVB@#DM/^`/@32=#U'2[3P3X1M=,U?R_MUI%H]ND%[Y;;H_-0)M?8
MQ)7<#@G(Q4]G\%O!NG^#[OP];^$O#,&@7\HGN=,CTN!;.XD!0AWB"[&8&-.2
M"?D7T%=-10!R7_"@?`G_``B_]A_\(3X1_L7[5]N^P?V/;_9?M&S9YWE[-OF;
M/EW8SCC.*/\`A0/@3_A%_P"P_P#A"?"/]B_:OMWV#^Q[?[+]HV;/.\O9M\S9
M\N[&<<9Q76T4`<E_PH'P)_PB_P#8?_"$^$?[%^U?;OL']CV_V7[1LV>=Y>S;
MYFSY=V,XXSBI[SX+>#=0\'VGAZX\)>&9]`L)3/;:9)I<#6=O(2Y+I$5V*Q,C
M\@`_.WJ:Z:B@#DM0^`/@35M#T[2[OP3X1NM,TCS/L-I+H]N\%EYC;I/*0IM3
M>P!;:!DC)S1J'P!\":MH>G:7=^"?"-UIFD>9]AM)='MW@LO,;=)Y2%-J;V`+
M;0,D9.:ZVB@#F?$7P6\&^+]+TRQU;PEX9U2RT6+R-/M[O2X)XK"/"KLB5E(C
M7"(,+@81?05!KWP!\">*?L7]J>"?".I?V;:I8VGVK1[>;[+;IG9#'N0[(UR<
M*,`9.!76T4`<EKWP!\">*?L7]J>"?".I?V;:I8VGVK1[>;[+;IG9#'N0[(UR
M<*,`9.!4_C/X+>#?B-JD=]XA\)>&=>O8HA`EQJ.EP74J1@E@@9U)"@LQQTRQ
M]:Z:B@#DO$_P!\">-M<GU36O!/A'5]3NMOG7=[H]O<3R[5"KN=T+'"J`,G@`
M#M1XG^`/@3QMKD^J:UX)\(ZOJ=UM\Z[O='M[B>7:H5=SNA8X50!D\``=JZVB
M@#F=2^"W@W6?&"^(;SPEX9N]?26.==3FTN"2\62,*(W$I7?N0*NTYR-HQC`H
MU+X+>#=9\8+XAO/"7AF[U])8YUU.;2X)+Q9(PHC<2E=^Y`J[3G(VC&,"NFHH
M`Y+_`(4#X$_X2C^W/^$)\(_VU]J^W?;_`.Q[?[5]HW[_`#O,V;O,W_-NSG/.
M<U/IOP6\&Z-XP;Q#9^$O#-IK[RR3MJ<.EP1WC22!A(YE"[]SAFW'.3N.<Y-=
M-10!S.F_!;P;HWC!O$-GX2\,VFOO+).VIPZ7!'>-)(&$CF4+OW.&;<<Y.XYS
MDT>#/@MX-^'.J27WA[PEX9T&]EB,#W&G:7!:RO&2&*%D4$J2JG'3*CTKIJ*`
M"O)O^;Z?^Y$_]R%>LUY-_P`WT_\`<B?^Y"@#UFBBB@#D_B-_R.'@'_L/2_\`
MILOZZRN3^(W_`".'@'_L/2_^FR_KK*`"BFW$ZVT#R,'*QJ6(1"[$`=@,DGV`
MR:^>Y_\`@J3\'K"PUN>_N?B1I$OA\6!NK/5/AAXGL+^3[==?9+006LVGI/<F
M6XS&H@20Y!S@`FA.[Y5N-IVYNA]#45C_``^\=6/Q,\&:?KVFP:S;6.IQ>=#%
MJVD7>D7J+DC$MK=QQ3PMQ]V2-6Z'&"*V*;33LR5)-704444AA1110`4444`%
M%%%`!117FGQ!_;"^'/PL\7WF@Z]XB^P:M8;//@^P74NS>BR+\R1E3E64\$]?
M6L*^)I4(\]::BMKMI*_S-*=*<W:";?EJ>ET5XU_P\#^$/_0W?^4N]_\`C-'_
M``\#^$/_`$-W_E+O?_C-<O\`;&`_Y_P_\"C_`)FOU+$?\^Y?<SV6FW"-)`ZJ
M[QLRD!DP64XZC((S]017CG_#P/X0_P#0W?\`E+O?_C-1WO[>WP;U*SFMKGQ1
M%<6]PACEBDTB\=)%(P58&'!!'!!ZU,LWP+32KP_\"7^8U@\1?^'+[F?-^@?%
MGXU:GX6^.'A/_A(?C[<^,?!=WINI:'8QVO@-?&$=C<Q3`22.T0T5K&26"5E&
M3=JD3[L,44_6/['?Q0N_C7^RC\./%VHZII^M:EXB\.6-]>W]C;O;VUW</`AE
MDCC=59$,FXA64$#L*\"2V_8CC^'$G@Y?AW\'E\(S7XU5]#'PXB&FO>!"@N3;
M_8_+,P0E1)MW8)&<5ZQI/[=GP7T#2[:QL/$EO96-G$L-O;P:/=Q101J,*BJL
M("J````,`"M8YSEZA*/MH._+KS1Z1L^O5ZONU=[V4RP.(<D^26G-T?5W736W
M3LG;6UW[;17C7_#P/X0_]#=_Y2[W_P",T?\`#P/X0_\`0W?^4N]_^,U']L8#
M_G_#_P`"C_F/ZEB/^?<ON9[+17C7_#P/X0_]#=_Y2[W_`.,UP'_#Z3]F?_HI
M7_EO:K_\C5O1Q^&K7]E4C*V]FG^3(GAZL/BBU\F?4E%?+?\`P^D_9G_Z*5_Y
M;VJ__(U'_#Z3]F?_`**5_P"6]JO_`,C5M[6'=$>SGV9]245\M_\`#Z3]F?\`
MZ*5_Y;VJ_P#R-1_P^D_9G_Z*5_Y;VJ__`"-1[6'=![.?9GU)17RW_P`/I/V9
M_P#HI7_EO:K_`/(U'_#Z3]F?_HI7_EO:K_\`(U'M8=T'LY]F?4E%?+?_``^D
M_9G_`.BE?^6]JO\`\C4?\/I/V9_^BE?^6]JO_P`C4>UAW0>SGV9]245\X>!O
M^"N'[/7Q)\;:/X<T3X@_;=9U^^ATZPM_["U*/S[B:18XTW/;A5W.P&6(`SDD
M#FOH^JC)/9W%*+6Z"BBBJ)"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`KR;_`)OI
M_P"Y$_\`<A7K->3?\WT_]R)_[D*`/6:***`.3^(W_(X>`?\`L/2_^FR_KK*Y
M/XC?\CAX!_[#TO\`Z;+^NLH`*^6?BC^Q?K_Q'^&/Q+N?$&@>'/''C/QUXHM-
M4MK)O'&J^%;;3K'3KA#I<<6J6-L]Y!)`(_M)$<6#<3S#=M.\_4U%*VM^O_!3
M^^Z6NZZ-7&GI;^MFONUVVO;L>:_LA?"SQ5\%_P!GO0/#?C7Q'<^*?$5AY[3W
MD]_/J+Q(\\DD5M]JG`GNA!$R0B>8"641;W`9B*ZSQO\`#C3OB#]E^WW.OV_V
M/?L_LW7+W3-V[;G?]FECW_=&-^=O.,9.=ZBM*DW.3D^I$(\JM_7]?AV.2U[X
M*:-XC^Q?:+WQ=']@M4LXOLOBK5+7<B9P9/*N%\R0YYD?<[<98X%&O?!31O$?
MV+[1>^+H_L%JEG%]E\5:I:[D3.#)Y5POF2'/,C[G;C+'`KK:*@HYGQG\)M*\
M>:I'>7UWXF@FBB$(73O$>HZ;$5!)R8[>>-"V6/S$%B,#.``(/$_P4T;Q=KD^
MHW=[XNAN+C;N2R\5:I8P#:H4;88;A(UX`SM49.2<DDGK:*`.2\3_``4T;Q=K
MD^HW=[XNAN+C;N2R\5:I8P#:H4;88;A(UX`SM49.2<DDF?4OA-I6J^,%UR6[
M\3)>I+',(X?$>HPV>Z,*%!MDG$!4[1N4IM;G<#N.>FHH`YG4OA-I6J^,%UR6
M[\3)>I+',(X?$>HPV>Z,*%!MDG$!4[1N4IM;G<#N.8/^%*:-_P`)1_;'VWQ=
M]K^U?;/+_P"$JU3[+OW[\?9_M'D^7GCR]FS'R[=O%=;10!S.F_";2M*\8-KD
M5WXF>]>628QS>(]1FL]T@8,!;/.8`HW':H3:O&T#:,?G?^WCIL>E?M9>,(HF
MN'5Y;>8F:=YFW26L+L`SDD*"Q"J#M5<*H"J`/TVK\T/^"@?_`"=WXN_[<_\`
MTB@KXSCG_<(?XU_Z3(]O(?\`>)?X7^:/&J***_*CZT****`"BBB@`HHHH`*^
M`Z^_*^`Z^VX._P"7W_;O_MQX^;?8^?Z!1117VQXX4444`%%%%`!1110!Z5^Q
MCIL>L_MA_">SF:X2&[\9:1"[03O!*JM?0@E)$(=&P>&4A@>001FOZ&?$_P`%
M-&\7:Y/J-W>^+H;BXV[DLO%6J6,`VJ%&V&&X2->`,[5&3DG)))_GN_8<_P"3
MUO@]_P!COHO_`*7PU_1]7H8/X6<6+W1S.I?";2M5\8+KDMWXF2]26.81P^(]
M1AL]T84*#;).("IVC<I3:W.X'<<FI?";2M5\8+KDMWXF2]26.81P^(]1AL]T
M84*#;).("IVC<I3:W.X'<<]-178<AR7_``I31O\`A*/[8^V^+OM?VK[9Y?\`
MPE6J?9=^_?C[/]H\GR\\>7LV8^7;MXH_X4IHW_"4?VQ]M\7?:_M7VSR_^$JU
M3[+OW[\?9_M'D^7GCR]FS'R[=O%=;10!S.F_";2M*\8-KD5WXF>]>628QS>(
M]1FL]T@8,!;/.8`HW':H3:O&T#:,&F_";2M*\8-KD5WXF>]>628QS>(]1FL]
MT@8,!;/.8`HW':H3:O&T#:,=-10!R7ACX*:-X1UR#4;2]\737%ONVI>^*M4O
MH#N4J=T,UP\;<$XW*<'!&"`1/X,^$VE>`]4DO+&[\33S2Q&$KJ/B/4=2B"D@
MY$=Q/(@;*CY@`P&1G!(/344`<EH/P4T;PY]M^SWOBZ3[?:O9R_:O%6J76U'Q
MDQ^;<-Y<@QQ(FUUYPPR:-!^"FC>'/MOV>]\72?;[5[.7[5XJU2ZVH^,F/S;A
MO+D&.)$VNO.&&376T4`<SX=^$VE>%]+U.SMKOQ-+#JT7DSM=^(]1O)47##,4
MDT[/"V'/S1%6R%.<JI$&G_!31M,T/4=.BO?%S6^J>7YSR^*M4FG3RVW+Y4SW
M!DAR3\WELN\<-D<5UM%`'):?\%-&TS0]1TZ*]\7-;ZIY?G/+XJU2:=/+;<OE
M3/<&2')/S>6R[QPV1Q1I_P`%-&TS0]1TZ*]\7-;ZIY?G/+XJU2:=/+;<OE3/
M<&2')/S>6R[QPV1Q76T4`<S9_";2K'P?=Z&EWXF:RO91-)))XCU&2\5@4.$N
M6G,\:_(/E1PIRW'S-F#_`(4IHW_"+_V/]M\7?9/M7VSS/^$JU3[5OV;,?:/M
M'G>7CGR]^S/S;=W-=;10!R7_``I31O\`A%_['^V^+OLGVK[9YG_"5:I]JW[-
MF/M'VCSO+QSY>_9GYMN[FI[SX3:5?>#[30WN_$RV5E*9HY(_$>HQWC,2YP]R
MLXGD7YS\KN5&%X^5<=-10!R6H?!31M3T/3M.EO?%RV^E^9Y+Q>*M4AG?S&W-
MYLR7`DFP1\OF,VP<+@<4:A\%-&U/0].TZ6]\7+;Z7YGDO%XJU2&=_,;<WFS)
M<"2;!'R^8S;!PN!Q76T4`<SXB^$VE>*-+TRSN;OQ-%#I,7DP-:>(]1LY77"C
M,LD,ZO,V$'S2EFR6.<LQ,&O?!31O$?V+[1>^+H_L%JEG%]E\5:I:[D3.#)Y5
MPOF2'/,C[G;C+'`KK:*`.2U[X*:-XC^Q?:+WQ=']@M4LXOLOBK5+7<B9P9/*
MN%\R0YYD?<[<98X%&O?!31O$?V+[1>^+H_L%JEG%]E\5:I:[D3.#)Y5POF2'
M/,C[G;C+'`KK:*`.9\9_";2O'FJ1WE]=^)H)HHA"%T[Q'J.FQ%02<F.WGC0M
MEC\Q!8C`S@`"#Q/\%-&\7:Y/J-W>^+H;BXV[DLO%6J6,`VJ%&V&&X2->`,[5
M&3DG)))ZVB@#F=2^$VE:KXP77);OQ,EZDL<PCA\1ZC#9[HPH4&V2<0%3M&Y2
MFUN=P.XY-2^$VE:KXP77);OQ,EZDL<PCA\1ZC#9[HPH4&V2<0%3M&Y2FUN=P
M.XYZ:B@#DO\`A2FC?\)1_;'VWQ=]K^U?;/+_`.$JU3[+OW[\?9_M'D^7GCR]
MFS'R[=O%3Z;\)M*TKQ@VN17?B9[UY9)C'-XCU&:SW2!@P%L\Y@"C<=JA-J\;
M0-HQTU%`',Z;\)M*TKQ@VN17?B9[UY9)C'-XCU&:SW2!@P%L\Y@"C<=JA-J\
M;0-HQ!X8^"FC>$=<@U&TO?%TUQ;[MJ7OBK5+Z`[E*G=#-</&W!.-RG!P1@@$
M=;10!R7ACX*:-X1UR#4;2]\737%ONVI>^*M4OH#N4J=T,UP\;<$XW*<'!&"`
M1/X,^$VE>`]4DO+&[\33S2Q&$KJ/B/4=2B"D@Y$=Q/(@;*CY@`P&1G!(/344
M`<EH/P4T;PY]M^SWOBZ3[?:O9R_:O%6J76U'QDQ^;<-Y<@QQ(FUUYPPR:-!^
M"FC>'/MOV>]\72?;[5[.7[5XJU2ZVH^,F/S;AO+D&.)$VNO.&&376T4`<SX=
M^$VE>%]+U.SMKOQ-+#JT7DSM=^(]1O)47##,4DT[/"V'/S1%6R%.<JI$&G_!
M31M,T/4=.BO?%S6^J>7YSR^*M4FG3RVW+Y4SW!DAR3\WELN\<-D<5UM%`'):
M?\%-&TS0]1TZ*]\7-;ZIY?G/+XJU2:=/+;<OE3/<&2')/S>6R[QPV1Q4]G\)
MM*L?!]WH:7?B9K*]E$TDDGB/49+Q6!0X2Y:<SQK\@^5'"G+<?,V>FHH`Y+_A
M2FC?\(O_`&/]M\7?9/M7VSS/^$JU3[5OV;,?:/M'G>7CGR]^S/S;=W-'_"E-
M&_X1?^Q_MOB[[)]J^V>9_P`)5JGVK?LV8^T?:/.\O'/E[]F?FV[N:ZVB@#DO
M^%*:-_PB_P#8_P!M\7?9/M7VSS/^$JU3[5OV;,?:/M'G>7CGR]^S/S;=W-3W
MGPFTJ^\'VFAO=^)ELK*4S1R1^(]1CO&8ESA[E9Q/(OSGY7<J,+Q\JXZ:B@#D
MM0^"FC:GH>G:=+>^+EM]+\SR7B\5:I#._F-N;S9DN!)-@CY?,9M@X7`XHU#X
M*:-J>AZ=ITM[XN6WTOS/)>+Q5JD,[^8VYO-F2X$DV"/E\QFV#A<#BNMHH`YG
MQ%\)M*\4:7IEG<W?B:*'28O)@:T\1ZC9RNN%&99(9U>9L(/FE+-DL<Y9B8->
M^"FC>(_L7VB]\71_8+5+.+[+XJU2UW(F<&3RKA?,D.>9'W.W&6.!76T4`<EK
MWP4T;Q']B^T7OBZ/[!:I9Q?9?%6J6NY$S@R>5<+YDASS(^YVXRQP*G\9_";2
MO'FJ1WE]=^)H)HHA"%T[Q'J.FQ%02<F.WGC0MEC\Q!8C`S@`#IJ*`.2\3_!3
M1O%VN3ZC=WOBZ&XN-NY++Q5JEC`-JA1MAAN$C7@#.U1DY)R223Q/\%-&\7:Y
M/J-W>^+H;BXV[DLO%6J6,`VJ%&V&&X2->`,[5&3DG)))ZVB@#F=2^$VE:KXP
M77);OQ,EZDL<PCA\1ZC#9[HPH4&V2<0%3M&Y2FUN=P.XY-2^$VE:KXP77);O
MQ,EZDL<PCA\1ZC#9[HPH4&V2<0%3M&Y2FUN=P.XYZ:B@#DO^%*:-_P`)1_;'
MVWQ=]K^U?;/+_P"$JU3[+OW[\?9_M'D^7GCR]FS'R[=O%3Z;\)M*TKQ@VN17
M?B9[UY9)C'-XCU&:SW2!@P%L\Y@"C<=JA-J\;0-HQTU%`',Z;\)M*TKQ@VN1
M7?B9[UY9)C'-XCU&:SW2!@P%L\Y@"C<=JA-J\;0-HP>#/A-I7@/5)+RQN_$T
M\TL1A*ZCXCU'4H@I(.1'<3R(&RH^8`,!D9P2#TU%`!7DW_-]/_<B?^Y"O6:\
MF_YOI_[D3_W(4`>LT444`<G\1O\`D</`/_8>E_\`39?UUE<G\1O^1P\`_P#8
M>E_]-E_764`%%!8*"20`.IKRSPQ^W/\`!+QMX5\3:[HOQB^%>KZ'X*56\0ZC
M9>++"XM-!#%@INY4E*0`E'`\PKG:WH:5]_+7Y#2>_P`OF>IT5E>!O'FA_$_P
MCI_B#PSK6D^(M`U>%;FQU+3+N.[L[V)ONR12QDHZGLRD@UJU4HM.S6I*=U=!
M1112&%%%%`!1110`4444`%?FA_P4#_Y.[\7?]N?_`*105^E]?FA_P4#_`.3N
M_%W_`&Y_^D4%?&<<_P"X0_QK_P!)D>WD/^\2_P`+_-'C5%%%?E1]:%%%%`!1
M110`4444`%?`=??E?`=?;<'?\OO^W?\`VX\?-OL?/]`HHHK[8\<****`"BBB
M@`HHHH`]2_8<_P"3UO@]_P!COHO_`*7PU_1]7\X/[#G_`">M\'O^QWT7_P!+
MX:_H^KT,'\+.+%[H****[#D"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
MBBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`KR;_F^G
M_N1/_<A7K->3?\WT_P#<B?\`N0H`]9HHHH`Y/XC?\CAX!_[#TO\`Z;+^NLKD
M_B-_R.'@'_L/2_\`ILOZZR@!ER";>0!6<E3\JX#-QT&>,_6OSH\`?LR_'#P;
M\.-/TBQ\*?$C7_AK\+]?\/ZMX;\&>.K[PHOB._%G<3&YBM9],E6R:!(VMI(!
M?3+,TT#;Y$7:Q_1JBE%<LU-;IQ?SB^9/U3_-E2E>E*D]I)I^C33^]-GC'[!W
MPM\0_"KX'WT7B;21X>U/Q%XGUOQ*-&^T17#Z-%?ZC/=QVKO"S1&1$E&_RF:/
M>6VLXPQ])\;^#]1\5_9?L'BK7_#/V??O_LV&RD^TYVXW_:;>;&W!QLV_>.<\
M8WJ_('_@ZU_X*C_';_@FO_PH7_A2GCK_`(0O_A-/^$A_MG_B2Z?J/VS[+_9?
MD?\`'W!+LV_:)ON;<[^<X7%RE=[6Z?):+S^_43;<G)[MMOU;;?XL_5'7OAQK
M.K_8OL_C_P`7:5]EM4MY?LMOI;?;'7.9Y/-LWQ(V>0FQ.!A%YR:]\.-9U?[%
M]G\?^+M*^RVJ6\OV6WTMOMCKG,\GFV;XD;/(38G`PB\Y_DO_`.(HW]NS_HN?
M_EF>'O\`Y!H_XBC?V[/^BY_^69X>_P#D&I$?UK^,_`FJ^*-4CN+'QKXF\.0I
M$(S;:=!ITD3L"3YA-Q:RON(('#!<*.`<DP>)_AQK.OZY/=VGC_Q=HEO-MVV5
ME;Z6\$.%`.TS6<DAR06.YSRQQ@8`_DO_`.(HW]NS_HN?_EF>'O\`Y!H_XBC?
MV[/^BY_^69X>_P#D&@#^M#Q/\.-9U_7)[NT\?^+M$MYMNVRLK?2W@APH!VF:
MSDD.2"QW.>6.,#`$^I>!-5OO&"ZG%XU\365DLL<ATF&#3C9LJA=T99[5I]KX
M);$NX;CM*\8_DH_XBC?V[/\`HN?_`)9GA[_Y!H_XBC?V[/\`HN?_`)9GA[_Y
M!H`_K7U+P)JM]XP74XO&OB:RLEECD.DPP:<;-E4+NC+/:M/M?!+8EW#<=I7C
M$'_"N-9_X2C^T/\`A/\`Q=]D^U?:/[-^SZ7]EV;]WD;OL?G>7CY<^9OQ_'N^
M:OY+_P#B*-_;L_Z+G_Y9GA[_`.0:/^(HW]NS_HN?_EF>'O\`Y!H`_K7TWP)J
MMCXP;4Y?&OB:]LFEDD&DS0:<+-58-MC#):K/M3(*YEW':-Q;G/YW_MXV<EC^
MUEXP26[N+UFEMY!),$#*K6L++&-BJ-J`A%R-Q51N+-EC^''_`!%&_MV?]%S_
M`/+,\/?_`"#7Z^_\&_.H:_\`\%DOV.O%7Q6^./BC5M7\=Z9XUNO#;ZCIEO9Z
M<M];PV&GS1/+%'!Y0D7[2T>8U0%(TRI?<[?.<3Y97QV%C2H)74D]7;2S7ZGI
MY5BH4*KG4VM;\49=%??O_#JWX>_]!GQG_P"!=M_\8H_X=6_#W_H,^,__``+M
MO_C%?"?ZF9EV7WGO_P!MX;N_N/@*BOOW_AU;\/?^@SXS_P#`NV_^,4?\.K?A
M[_T&?&?_`(%VW_QBC_4S,NR^\/[;PW=_<?`5%??O_#JWX>_]!GQG_P"!=M_\
M8H_X=6_#W_H,^,__``+MO_C%'^IF9=E]X?VWAN[^X^`J*^_?^'5OP]_Z#/C/
M_P`"[;_XQ1_PZM^'O_09\9_^!=M_\8H_U,S+LOO#^V\-W?W'P%7P'7[\_P##
MJWX>_P#09\9_^!=M_P#&*^3O^(:W_JM/_EH?_=M?2\/9#B\%[3VR7O6M9]K_
M`.9Y^/S&A6Y>1[7Z>A^6]%?J1_Q#6_\`5:?_`"T/_NVC_B&M_P"JT_\`EH?_
M`';7TGU:IV//^L4^Y^6]%?J1_P`0UO\`U6G_`,M#_P"[:HZ5_P`&ZNF:]J&I
M6EC\>;"]N]&G6UOX8/#"226,S1I*(Y56^)C<QR1N%;!*NIZ$$BPM7L/V\.Y^
M8M%?IYXB_P"#=#3O!^@7VK:O\=[+2]*TR![J\O+OPNL%O:PHI9Y))&O@J(J@
MDL2``"35N+_@VR6>)73XUJZ.`RLOA'(8'H0?MM'U6KV!UX=S\N**_4C_`(AK
M?^JT_P#EH?\`W;1_Q#6_]5I_\M#_`.[:/JU3L+ZQ3[GP#^QC9R:C^V'\)[>&
M[N+":?QEI$:7,`1I;=C?0@2('5D+*>1N5ER.01Q7]#/B?X<:SK^N3W=IX_\`
M%VB6\VW;965OI;P0X4`[3-9R2')!8[G/+'&!@#\L?C[_`,$AK[_@G#\.#\<M
M,^)5KXIU+X:ZKI>KVNEW/AIK:"\E&H6Z(KNMVS!`SAB`,D*0"N=PP/\`B(E^
M-?\`T*_PM_\`!;?_`/R96U&?LKQF958^ULX'ZZ:EX$U6^\8+J<7C7Q-962RQ
MR'288-.-FRJ%W1EGM6GVO@EL2[AN.TKQ@U+P)JM]XP74XO&OB:RLEECD.DPP
M:<;-E4+NC+/:M/M?!+8EW#<=I7C'Y%_\1$OQK_Z%?X6_^"V__P#DRC_B(E^-
M?_0K_"W_`,%M_P#_`"96WUNF9?5IGZV_\*XUG_A*/[0_X3_Q=]D^U?:/[-^S
MZ7]EV;]WD;OL?G>7CY<^9OQ_'N^:C_A7&L_\)1_:'_"?^+OLGVK[1_9OV?2_
MLNS?N\C=]C\[R\?+GS-^/X]WS5^27_$1+\:_^A7^%O\`X+;_`/\`DRC_`(B)
M?C7_`-"O\+?_``6W_P#\F4?6Z8?5IGZZ:;X$U6Q\8-J<OC7Q->V32R2#29H-
M.%FJL&VQADM5GVID%<R[CM&XMSDTWP)JMCXP;4Y?&OB:]LFEDD&DS0:<+-58
M-MC#):K/M3(*YEW':-Q;G/Y%_P#$1+\:_P#H5_A;_P""V_\`_DRC_B(E^-?_
M`$*_PM_\%M__`/)E'UNF'U:9^MOACX<:SH&N07=WX_\`%VMV\.[=97MOI:03
M94@;C#9QR#!(8;7'*C.1D&?P9X$U7POJDEQ?>-?$WB.%XC&+;48-.CB1B0?,
M!M[6)]P`(Y8KACP3@C\B_P#B(E^-?_0K_"W_`,%M_P#_`"91_P`1$OQK_P"A
M7^%O_@MO_P#Y,H^MTP^K3/UMT'X<:SI'VW[1X_\`%VJ_:K5[>+[5;Z6OV-VQ
MB>/RK-,R+C@/O3DY1N,&@_#C6=(^V_:/'_B[5?M5J]O%]JM]+7[&[8Q/'Y5F
MF9%QP'WIR<HW&/SY_P""?'_!9SXH_M8?M>^$?A_XCT'P#9:-K_VS[1-IME=Q
MW2>393W"[&DN749>)0<J>">AP1^F=:TZBFKQ,ITW!V9S/AWP)JNB:7J=O<^-
M?$VL37\7EP7-W!IRRZ<V&'F1"&UC0ME@?WJR+E%XQN#0:?\`#C6;+0]1M)?'
M_BZ[N+WR_)O9;?2Q/8;6RWE!+-8SO'RMYB/@#Y=IYKK:*T(.2T_X<:S9:'J-
MI+X_\77=Q>^7Y-[+;Z6)[#:V6\H)9K&=X^5O,1\`?+M/-&G_``XUFRT/4;27
MQ_XNN[B]\OR;V6WTL3V&ULMY02S6,[Q\K>8CX`^7:>:ZVB@#F;/P)JMMX/N]
M,?QKXFN;VYE$D>K20:<+RU7*?NT5;40%3M(^>)F_>-S]W;!_PKC6?^$7_L__
M`(3_`,7?:_M7VC^TOL^E_:MFS;Y&W['Y/EY^;/E[\_Q[?EKK:*`.2_X5QK/_
M``B_]G_\)_XN^U_:OM']I?9]+^U;-FWR-OV/R?+S\V?+WY_CV_+4]YX$U6Y\
M'VFF)XU\36U[;2F235HX-.-Y=+E_W;JUJ8`HW`?)$K?NUY^]NZ:B@#DM0^'&
MLWNAZ=:1>/\`Q=:7%EYGG7L5OI9GO]S97S0]FT8V#Y5\M$R#\VX\T:A\.-9O
M=#TZTB\?^+K2XLO,\Z]BM]+,]_N;*^:'LVC&P?*OEHF0?FW'FNMHH`YGQ%X$
MU76]+TRWMO&OB;1YK"+RY[FT@TYI=1;"CS)1-:R(&RI/[I8UR[<8VA8->^'&
MLZO]B^S^/_%VE?9;5+>7[+;Z6WVQUSF>3S;-\2-GD)L3@81><];10!R6O?#C
M6=7^Q?9_'_B[2OLMJEO+]EM]+;[8ZYS/)YMF^)&SR$V)P,(O.37OAQK.K_8O
ML_C_`,7:5]EM4MY?LMOI;?;'7.9Y/-LWQ(V>0FQ.!A%YSUM%`',^,_`FJ^*-
M4CN+'QKXF\.0I$(S;:=!ITD3L"3YA-Q:RON(('#!<*.`<DP>)_AQK.OZY/=V
MGC_Q=HEO-MVV5E;Z6\$.%`.TS6<DAR06.YSRQQ@8`ZVB@#F=2\":K?>,%U.+
MQKXFLK)98Y#I,,&G&S95"[HRSVK3[7P2V)=PW':5XP:EX$U6^\8+J<7C7Q-9
M62RQR'288-.-FRJ%W1EGM6GVO@EL2[AN.TKQCIJ*`.2_X5QK/_"4?VA_PG_B
M[[)]J^T?V;]GTO[+LW[O(W?8_.\O'RY\S?C^/=\U3Z;X$U6Q\8-J<OC7Q->V
M32R2#29H-.%FJL&VQADM5GVID%<R[CM&XMSGIJ*`.9TWP)JMCXP;4Y?&OB:]
MLFEDD&DS0:<+-58-MC#):K/M3(*YEW':-Q;G,'ACX<:SH&N07=WX_P#%VMV\
M.[=97MOI:0394@;C#9QR#!(8;7'*C.1D'K:*`.2\,?#C6=`UR"[N_'_B[6[>
M'=NLKVWTM()LJ0-QALXY!@D,-KCE1G(R#/X,\":KX7U22XOO&OB;Q'"\1C%M
MJ,&G1Q(Q(/F`V]K$^X`$<L5PQX)P1TU%`'):#\.-9TC[;]H\?^+M5^U6KV\7
MVJWTM?L;MC$\?E6:9D7'`?>G)RC<8-!^'&LZ1]M^T>/_`!=JOVJU>WB^U6^E
MK]C=L8GC\JS3,BXX#[TY.4;C'6T4`<SX=\":KHFEZG;W/C7Q-K$U_%Y<%S=P
M:<LNG-AAYD0AM8T+98']ZLBY1>,;@T&G_#C6;+0]1M)?'_BZ[N+WR_)O9;?2
MQ/8;6RWE!+-8SO'RMYB/@#Y=IYKK:*`.2T_X<:S9:'J-I+X_\77=Q>^7Y-[+
M;Z6)[#:V6\H)9K&=X^5O,1\`?+M/-3V?@35;;P?=Z8_C7Q-<WMS*)(]6D@TX
M7EJN4_=HJVH@*G:1\\3-^\;G[NWIJ*`.2_X5QK/_``B_]G_\)_XN^U_:OM']
MI?9]+^U;-FWR-OV/R?+S\V?+WY_CV_+1_P`*XUG_`(1?^S_^$_\`%WVO[5]H
M_M+[/I?VK9LV^1M^Q^3Y>?FSY>_/\>WY:ZVB@#DO^%<:S_PB_P#9_P#PG_B[
M[7]J^T?VE]GTO[5LV;?(V_8_)\O/S9\O?G^/;\M3WG@35;GP?::8GC7Q-;7M
MM*9)-6C@TXWETN7_`';JUJ8`HW`?)$K?NUY^]NZ:B@#DM0^'&LWNAZ=:1>/_
M`!=:7%EYGG7L5OI9GO\`<V5\T/9M&-@^5?+1,@_-N/-&H?#C6;W0].M(O'_B
MZTN++S/.O8K?2S/?[FROFA[-HQL'RKY:)D'YMQYKK:*`.9\1>!-5UO2],M[;
MQKXFT>:PB\N>YM(-.:746PH\R436LB!LJ3^Z6-<NW&-H6#7OAQK.K_8OL_C_
M`,7:5]EM4MY?LMOI;?;'7.9Y/-LWQ(V>0FQ.!A%YSUM%`'):]\.-9U?[%]G\
M?^+M*^RVJ6\OV6WTMOMCKG,\GFV;XD;/(38G`PB\YG\9^!-5\4:I'<6/C7Q-
MX<A2(1FVTZ#3I(G8$GS";BUE?<00.&"X4<`Y)Z:B@#DO$_PXUG7]<GN[3Q_X
MNT2WFV[;*RM]+>"'"@':9K.20Y(+'<YY8XP,`'B?X<:SK^N3W=IX_P#%VB6\
MVW;965OI;P0X4`[3-9R2')!8[G/+'&!@#K:*`.9U+P)JM]XP74XO&OB:RLEE
MCD.DPP:<;-E4+NC+/:M/M?!+8EW#<=I7C!J7@35;[Q@NIQ>-?$UE9++'(=)A
M@TXV;*H7=&6>U:?:^"6Q+N&X[2O&.FHH`Y+_`(5QK/\`PE']H?\`"?\`B[[)
M]J^T?V;]GTO[+LW[O(W?8_.\O'RY\S?C^/=\U3Z;X$U6Q\8-J<OC7Q->V32R
M2#29H-.%FJL&VQADM5GVID%<R[CM&XMSGIJ*`.9TWP)JMCXP;4Y?&OB:]LFE
MDD&DS0:<+-58-MC#):K/M3(*YEW':-Q;G)X,\":KX7U22XOO&OB;Q'"\1C%M
MJ,&G1Q(Q(/F`V]K$^X`$<L5PQX)P1TU%`!7DW_-]/_<B?^Y"O6:\F_YOI_[D
M3_W(4`>LT444`<G\1O\`D</`/_8>E_\`39?UUE<G\1O^1P\`_P#8>E_]-E_7
M64`%%%%`!7X`_P#!\Y_S:Y_W-?\`[A:_?ZOP!_X/G/\`FUS_`+FO_P!PM`'X
M`T444`%%%:_A'P!KWC]]130=$U?6VTBQFU2^%A9R7)LK2(9EN)=@.R)`06=L
M*H/)%`&11110`4444`%?T_?\&5/_`"BR\??]E5U'_P!-&CU_,#7]/W_!E3_R
MBR\??]E5U'_TT:/0!^OU%%%`!1110`4444`%%%%`!1110`4444`%?F1^TG\/
M[/XM_L:?$;0=9\-Z7X@\<7GQ0\6!"/A/J7CF[M9_/G2S:VDL@?[(O#9-8^5J
M%QN2(;24<=/TWJCI7A?3-!U#4KNQTZPLKO69UNK^:"W2.2^F6-(A)*R@&1Q'
M'&@9LD*BCH`!/+JW>VEK]?BB^NGV=FFKVNFE9ZQJ\L4DEI)2U\HSC;IOS:VU
MTLK7NOSLUWX'_&./]NCPA\1_B)X#\*W'A"?PMK6F7&I/XLO;N7POH9TRW+6=
MU!_9HMDG,PE9W^TL+ARWS(L2+7V3^P8^KR?L0_"!M?,K:TW@S23>F4@R&7['
M%N+8_BSU]\UZ9XB\.:=XPT"^TG5["RU32M3@>UO+.[@6>WNH74J\<D;`JZ,I
M(*D$$$@U;BB6")4151$`5548"@=`!6T:EHSC;?E^5G-_.[G?O>[=VSG5-)1M
MTO?YJ*5NVD;-;644K)"T445F6?+?_!:3_E&A\2O^X7_Z=;.OP3K][/\`@M)_
MRC0^)7_<+_\`3K9U^"=>;C/C7H=^%^!^H4445RG2%%%%`!1110`4444`?4G_
M``1;_P"4E_PU_P"XI_Z:KROWLK\$_P#@BW_RDO\`AK_W%/\`TU7E?O97HX/X
M'ZG!BOC7H%%%%=9S!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!17R/_P6)\!S_$?X&^#--;P[
MJ'B#2E\607&ID>#KSQMIMG"EM<X>_P!!M`9]3MVD,:"-"OE2O%.6`A(/KW[!
M^C7_`(;_`&-?AIINIZ-K6@7VFZ!:VDEAJTSRWT'EH$!E+JKAF"AMK*K+NVE5
M((%07-"4NS2];J]_+M;YCJ)1<4G?F3?IK:WGW\ON/6J***D04444`%%%%`!1
M110`4444`%%%%`!1110`5Y-_S?3_`-R)_P"Y"O6:\F_YOI_[D3_W(4`>LT44
M4`<G\1O^1P\`_P#8>E_]-E_765R?Q&_Y'#P#_P!AZ7_TV7]=90`RYV_9I-X<
MKM.=F=V,=L<Y^G-?ECJ_P%^''QN^#GQC?1?!7CGX7Z)K>K>&[V3PUK7P"\5:
M[:ZD=,U(W'VR_L/LL+ZM<WSG9<-#-*X@2)I9"=V/U1HI1NI<R\OO333\[-;;
M%\_N\O\`5K-?T]_Q/'/V`8M7M?V2/"%OK7@?P[\.KJUBG@AT+0]%?1-/@MTN
M)5@EBT]R7LA-$$F-LY9X3*48EE)K\9/^#YS_`)M<_P"YK_\`<+7[_5^`/_!\
MY_S:Y_W-?_N%K6K/GFY=S&G#EBH]OZ_K\S\`:***S+"OTR_X(:>*/$>M_`'X
MF^";G6I_AE\*K[5K/5/%OQ.\-_$ZP\'^(O!R)$\,9GAED\_4-/D>5(_(6/#2
M.0K^80!^9M%6I>Y*#5U)6\MT]>NZ6S3\R7&\HR3M9WOUV:TO=7L^J:\F?MWH
M?[>O[$6F?\$Z/`GAF[U#QOJ7@+X0?$+3;JS\'?\`".Z4=;\0ZA%IMXTNIW$#
M:JCW5C-=RB224B+"I%;^6H)<?&O_``<,_';P1^TK^VKX;\:>#O'2>/9M7\!:
M%_;%[!:6D$$-VMHNY/\`1KJX59LD^;"2ODOF,%P-Y^#J*BNW5GSR>O,I?/DY
M']^CTMLELD:4Y<B48K11<?DY\Z^[5:W;NW>["BBB@D*_IG_X,M;/7G_X)Q>-
M)[?4M(BT!/BAJ(N;.339)+R63^Q])PR7`G"(N2GRF%C\K?,-PV_S,5_3]_P9
M4_\`*++Q]_V574?_`$T:/0!^J/AC1O'EIKD$FM>)/"-_IB[O.@LO#=Q9SR?*
M=NV5[Z55PV"<QMD`CC.1/X,TKQE8ZI(_B'7O#.J61B(2+3M!GL)5DR,,7>\F
M!7&X;=H))!W#&#TU%`'):#HWCRW^V_VIXD\(WGF6KI:?9?#=Q;>1<'&R23=?
M2>9&.<QC86R,.N.30=&\>6_VW^U/$GA&\\RU=+3[+X;N+;R+@XV22;KZ3S(Q
MSF,;"V1AUQSUM%`'):#HWCRW^V_VIXD\(WGF6KI:?9?#=Q;>1<'&R23=?2>9
M&.<QC86R,.N.9_#NE>,K;2]335M>\,WU[+%C3Y;309[6*UDPWS2HUY(9ER4.
MU6C.%8;OF!7IJ*`.2T_1O'D>AZC'=^)/",^IR^7]AGB\-W$4%MAOWGFQ&^9I
M=RX"[9(]IY._I1I^C>/(]#U&.[\2>$9]3E\O[#/%X;N(H+;#?O/-B-\S2[EP
M%VR1[3R=_2NMHH`YFSTKQDG@^[@N->\,RZ^\H-M>1Z#/'9Q1Y3*O;F\+NV`_
MS"91\R_*=IW0?V-X\_X1?R?^$D\(_P!M?:M_VK_A&[C[+]GV8\OR/MV[S-_/
MF>;C'&S/S5UM%`')?V-X\_X1?R?^$D\(_P!M?:M_VK_A&[C[+]GV8\OR/MV[
MS-_/F>;C'&S/S5/>:5XR?P?:06^O>&8M?24FYO)-!GDLY8\OA4MQ>!T;!3YC
M,P^5OE&X;>FHH`Y+4-&\>2:'IT=IXD\(P:G%YGVZ>7PW<2P7.6_=^5$+Y6BV
MKD-NDDW'D;.E&H:-X\DT/3H[3Q)X1@U.+S/MT\OANXE@N<M^[\J(7RM%M7(;
M=))N/(V=*ZVB@#DM0T;QY)H>G1VGB3PC!J<7F?;IY?#=Q+!<Y;]WY40OE:+:
MN0VZ23<>1LZ5/XBTKQE<Z7IB:3KWAFQO8HL:A+=Z#/=174F%^:)%O(S"N0YV
MLTAPRC=\I+=-10!R6O:-X\N/L7]E^)/"-GY=JB7?VKPW<7/GW`SODCVWT?EQ
MGC$9WE<'+MG@U[1O'EQ]B_LOQ)X1L_+M42[^U>&[BY\^X&=\D>V^C\N,\8C.
M\K@Y=L\=;10!X%_P43_9I\<_M9_LX^)/`WA77/"FFP:Y%:`PZK97`=I(;V*=
MF^U1R,(UVQ@!?L[DD$;@&RGYQ?\`$.U\:_\`H:/A;_X,K_\`^0Z_9JBL:E",
MW>1K"M**LC\9?^(=KXU_]#1\+?\`P97_`/\`(='_`!#M?&O_`*&CX6_^#*__
M`/D.OV:HJ/JE,OZS,_&7_B':^-?_`$-'PM_\&5__`/(='_$.U\:_^AH^%O\`
MX,K_`/\`D.OV:KX<G^//Q*L_V;]!^(&D^,9[!_$7QK71]4L[RR6]E.GR^+(]
M(2RA:5BEK$MI&P8)$6+N75D;<7NE@83J1IK[3C%>LI**OY:W;\B9XN48N5]K
MNWDHN3_*WJ^USY(_XAVOC7_T-'PM_P#!E?\`_P`AT?\`$.U\:_\`H:/A;_X,
MK_\`^0Z^C_C#\;?CMI?[4GB/P'K^I^,](T'QU9>*5T>[L+G0(](TG3[.R>6R
MO["2VD_ME+M)1$EQ]L3[/YDVU"/D#_;WP!\>W'Q5^!/@KQ1=P_9[OQ'H-CJD
MT7_/-Y[=)&7\"Q%33PD)T_:+M%M=5S<UD_/W'==`J8R4*OLF]?>]'R\MVGV]
M]6^?S_)+_B':^-?_`$-'PM_\&5__`/(='_$.U\:_^AH^%O\`X,K_`/\`D.OV
M:HI?5*97UF9^2/P&_P""3?[0W["'QI\/?$WP_I'@3XDZIHC7<$.D:?KKVK!K
MBQN8%GD:ZB@0Q(TBDJK[VX`V@EU^G=!_:5_;3M_MO]J?LX>$;SS+5TM/LOBR
MRMO(N#C9))NNI/,C'.8QL+9&'7'/VC15PHJ*M%M?=_D1*JY:R5SXU\._M,_M
MDVVEZFFK?LU>&;Z]EBQI\MIXRL;6*UDPWS2HUQ(9ER4.U6C.%8;OF!6#3_VE
M?VTX]#U&.[_9P\(SZG+Y?V&>+Q99106V&_>>;$;IFEW+@+MDCVGD[^E?:-%5
MR/\`F?X?Y$\Z[+\?\SXNT_\`:5_;3CT/48[O]G#PC/J<OE_89XO%EE%!;8;]
MYYL1NF:7<N`NV2/:>3OZ4:?^TK^VG'H>HQW?[.'A&?4Y?+^PSQ>++**"VPW[
MSS8C=,TNY<!=LD>T\G?TKZ9_::^+Z?L^_LY>/?'<D8E3P;X?OM:V;2V_[/;O
M*%P",Y*XZBO*?#'QF^)?AGXZ_"/X<Z]=>']2T_QAX&O]0O\`7UC(U:ZU*SCL
M`\PB5$MH8V>[<[`L@.!]P`J10D[V;T]-=)/32VBCUMNN^EJ/POE5G?O]GEOU
M_O+\3@[/]IG]LE/!]W!<?LU>&9=?>4&VO(_&5C'9Q1Y3*O;FX+NV`_S"91\R
M_*=IW0?\-*_MI_\`"+^3_P`,X>$?[:^U;_M7_"667V7[/LQY?D?:MWF;^?,\
MW&.-F?FKZ!_8P^*.K?&+]F?PMK>OW"7NOK'-IVJW20K`MW=VEQ+:3S*B_*@>
M2%W"C@!L#%>H54Z;3:YK_P!>AE"K&24E'?U_S/B[_AI7]M/_`(1?R?\`AG#P
MC_;7VK?]J_X2RR^R_9]F/+\C[5N\S?SYGFXQQLS\U3WG[3/[9+^#[2"W_9J\
M,Q:^DI-S>2>,K&2SECR^%2W%P'1L%/F,S#Y6^4;AM^RJ*GD?\S_#_(KG79?C
M_F?$EU^WO^T%X'%MI?CGX!>+]%UI8/M!NO"OAMO&5C?J\D@`S!?0K:N@0`HT
MLS/OW8B7:'M:A_P4I\>2:'IT=I\&OCO!J<7F?;IY?@_<2P7.6_=^5$-55HMJ
MY#;I)-QY&SI7VC11RR[AS1['QKXB_P""EOC*YTO3$TGX*?'ZQO8HL:A+=_"6
M>ZBNI,+\T2+J<9A7(<[6:0X91N^4EH->_P""E/CRX^Q?V7\&OCO9^7:HEW]J
M^#]Q<^?<#.^2/;JL?EQGC$9WE<'+MGC[1HHY9=PYH]CXNU[_`(*4^/+C[%_9
M?P:^.]GY=JB7?VKX/W%SY]P,[Y(]NJQ^7&>,1G>5P<NV>#7O^"E/CRX^Q?V7
M\&OCO9^7:HEW]J^#]Q<^?<#.^2/;JL?EQGC$9WE<'+MGCZH^.'Q8L/@1\&O%
M7C758Y9M.\)Z3<ZM<11$"25((FD*+GC<VW`SW(K@[+]KY+CXJ6/P[E\):];^
M/[WP?<>*EMY$:/1S)`+02V:7SJIF827L*^9%"R##YVNICHY9:Z[)O;LG)V[V
M46W;;3NKUIIIOY^<5\M9):]_)V\:\9_\%+?&5]JD;^'O@I\?M+LA$`\6H_"6
M>_E:3)RP=-3A`7&T;=I(()W'.!!XG_X*4^/+O7)Y-%^#7QWL-,;;Y,%[\'[B
M\GC^4;MTJ:K$K9;)&(UP"!SC)^IO@3\6[+X]?!?PKXUTZ"6ULO%.EV^IQP2D
M&2W\V,.8FQ_$A)4^ZFNKJYTIPDX2>JT(C.+2=OS7X,^-=2_X*6^,I?&"SV?P
M4^/T&@"6,M9S?"6>6\,8"^8HN!J:H&8[MK>20N1E6P<FI?\`!2WQE+XP6>S^
M"GQ^@T`2QEK.;X2SRWAC`7S%%P-35`S'=M;R2%R,JV#G[*HJ.67<?-'L?$FC
M_P#!8_X=MKCMXA^(MAX*:UU&:"^\,ZW\.=676M-2*=D:WFE@N985FVK]X*<$
MC=&I!C&CIO\`P6/^#,7C!I[SXT>&9]`,LA6SA\`ZY%>",AO+4W!9D+*=NYO)
M`;!PJY&/R+_;C_Y/6^,/_8[ZU_Z7S5Y;7$\7-.VAV+#0:N?N-IO_``6/^#,7
MC!I[SXT>&9]`,LA6SA\`ZY%>",AO+4W!9D+*=NYO)`;!PJY&(/#'_!8OX1VF
MN02:U\;O"-_IB[O.@LOAWKMG/)\IV[97EE5<-@G,;9`(XSD?B!12^N3[(/JL
M.[/V_P##'_!8OX1VFN02:U\;O"-_IB[O.@LOAWKMG/)\IV[97EE5<-@G,;9`
M(XSD3^#/^"Q_P9L=4D?Q#\:/#.J61B(2+3O`.N6$JR9&&+NTP*XW#;M!)(.X
M8P?PYHH^N3[(/JL.[/V_T'_@L7\([?[;_:GQN\(WGF6KI:?9?AWKMMY%P<;)
M)-TLGF1CG,8V%LC#KCDT'_@L7\([?[;_`&I\;O"-YYEJZ6GV7X=Z[;>1<'&R
M23=+)YD8YS&-A;(PZXY_$"BCZY/L@^JP[L_<;P[_`,%C_@S;:7J::M\:/#-]
M>RQ8T^6T\`ZY:Q6LF&^:5&:0S+DH=JM&<*PW?,"L&G_\%B_A''H>HQW?QN\(
MSZG+Y?V&>+X=Z[%!;8;]YYL1E9I=RX"[9(]IY._I7X@5M_#.TBO_`(D>'H)X
MHYX)]2MHY(Y%#)(IE4%2#P01Q@U%3'SA!RLM%<J.#BVE=G])&GZ-X\CT/48[
MOQ)X1GU.7R_L,\7ANXB@ML-^\\V(WS-+N7`7;)'M/)W]*GL]*\9)X/NX+C7O
M#,NOO*#;7D>@SQV<4>4RKVYO"[M@/\PF4?,ORG:=WYB?\-&?$+_H?/&?_@ZN
M?_BZ/^&C/B%_T/GC/_P=7/\`\77S'^OE#_GT_O1W_P"K]3^='Z:?V-X\_P"$
M7\G_`(23PC_;7VK?]J_X1NX^R_9]F/+\C[=N\S?SYGFXQQLS\U']C>//^$7\
MG_A)/"/]M?:M_P!J_P"$;N/LOV?9CR_(^W;O,W\^9YN,<;,_-7YE_P##1GQ"
M_P"A\\9_^#JY_P#BZ/\`AHSXA?\`0^>,_P#P=7/_`,71_KY0_P"?3^]!_J_4
M_G1^FG]C>//^$7\G_A)/"/\`;7VK?]J_X1NX^R_9]F/+\C[=N\S?SYGFXQQL
MS\U3WFE>,G\'VD%OKWAF+7TE)N;R309Y+.6/+X5+<7@=&P4^8S,/E;Y1N&W\
MQ/\`AHSXA?\`0^>,_P#P=7/_`,71_P`-&?$+_H?/&?\`X.KG_P"+H_U\H?\`
M/I_>@_U?J?SH_334-&\>2:'IT=IXD\(P:G%YGVZ>7PW<2P7.6_=^5$+Y6BVK
MD-NDDW'D;.E&H:-X\DT/3H[3Q)X1@U.+S/MT\OANXE@N<M^[\J(7RM%M7(;=
M))N/(V=*_,O_`(:,^(7_`$/GC/\`\'5S_P#%T?\`#1GQ"_Z'SQG_`.#JY_\`
MBZ/]?*'_`#Z?WH/]7ZG\Z/T[\1:5XRN=+TQ-)U[PS8WL46-0EN]!GNHKJ3"_
M-$BWD9A7(<[6:0X91N^4EH->T;QY<?8O[+\2>$;/R[5$N_M7ANXN?/N!G?)'
MMOH_+C/&(SO*X.7;/'YE_P##1GQ"_P"A\\9_^#JY_P#BZ^>/^"K/[87Q;^'?
M[`WCW6?#_P`4OB-H6KV?]G_9[[3_`!)>VMS!NU&U1MLB2!ERK,IP>0Q'0UT8
M3C2C7K0HJFTY-+==78SK9'.G"4W):)O[C]N]>T;QY<?8O[+\2>$;/R[5$N_M
M7ANXN?/N!G?)'MOH_+C/&(SO*X.7;/$_C/2O&5]JD;^'M>\,Z79"(!XM1T&>
M_E:3)RP=+R$!<;1MVD@@G<<X'\5'_#V+]J?_`*.6_:`_\.'J_P#\D4?\/8OV
MI_\`HY;]H#_PX>K_`/R17VAX9_:AXGT;QY=ZY/)HOB3PC8:8VWR8+WPW<7D\
M?RC=NE2^B5LMDC$:X!`YQDGB?1O'EWKD\FB^)/"-AIC;?)@O?#=Q>3Q_*-VZ
M5+Z)6RV2,1K@$#G&3_%?_P`/8OVI_P#HY;]H#_PX>K__`"11_P`/8OVI_P#H
MY;]H#_PX>K__`"10!_:OJ6E>,I?&"SV>O>&8-`$L9:SFT&>6\,8"^8HN!>*@
M9CNVMY)"Y&5;!R:EI7C*7Q@L]GKWAF#0!+&6LYM!GEO#&`OF*+@7BH&8[MK>
M20N1E6P<_P`5'_#V+]J?_HY;]H#_`,.'J_\`\D4?\/8OVI_^CEOV@/\`PX>K
M_P#R10!_:A_8WCS_`(2CSO\`A)/"/]B_:M_V7_A&[C[5]GWY\OS_`+=M\S9Q
MYGE8SSLQ\M3Z;I7C*+Q@T]YKWAF?0#+(5LX=!GBO!&0WEJ;@WC(64[=S>2`V
M#A5R,?Q4?\/8OVI_^CEOV@/_``X>K_\`R11_P]B_:G_Z.6_:`_\`#AZO_P#)
M%`']J^FZ5XRB\8-/>:]X9GT`RR%;.'09XKP1D-Y:FX-XR%E.W<WD@-@X5<C!
MX,TKQE8ZI(_B'7O#.J61B(2+3M!GL)5DR,,7>\F!7&X;=H))!W#&#_%1_P`/
M8OVI_P#HY;]H#_PX>K__`"17ZG_\&BG[;OQH_:4_X*2>-]"^(WQ>^*'C_1+3
MX:W]_!I_B3Q5?:K:0W"ZII2+,L4\KHL@2210X&0)&&<,<@']%U>3?\WT_P#<
MB?\`N0KUFO)O^;Z?^Y$_]R%`'K-%%%`')_$;_D</`/\`V'I?_39?UUE<G\1O
M^1P\`_\`8>E_]-E_764`%%%%`!7X`_\`!\Y_S:Y_W-?_`+A:_?ZOP!_X/G/^
M;7/^YK_]PM`'X`T444`%%%%`!1110`4444`%?T_?\&5/_*++Q]_V574?_31H
M]?S`U_3]_P`&5/\`RBR\??\`95=1_P#31H]`'Z_4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!7C6I?\$_?@_P"+_#][H_B_
MP#X3^(.C7'B"^\2VEAXLT6SUFWT>[O7\RY^RK/$WEK)*9)#U.Z5^=NU5]EHI
M):W_`*W3_-(=W:U^M_G9K\FU\SRK6_V)_AC<^'?'-IH7@_P]X'U+XC:8^DZ]
MKGAC2K33-7OH&C,0#7*1;F94)"E]VWMC`KTW1])MM`TBUL+.)8+2RA2"",9Q
M&B*%51]``*L457,_R_#;[KNWJR;?K^-K_?97]%V"BBBD,****`"BBB@#$^)G
M@#3_`(L?#C7_``MJZ-)I7B33KC2[Q5QEH9XFC<#/?:QKR73_`-@OPYJ'B3P#
MXP\1ZSXLUKXE?#[1(=(LM<M?$^LZ7I\C(B"25M*@O5M&69XT:6-T82!$5RP1
M<>ZT4DM[=;>NETK/=?$]K;^@V[I)ZI7TZ:VOIUO9?<<7^SK\'(_V?O@CX;\'
M1ZA)J\FAV8BN-0DA6!]1N&)>>X9%X4R2L[E03@MC)ZUVE%%7*3DW)]28JRL@
MHHHJ1A1110`4444`>:_MC_!N]_:%_93^(?@C39(8M4\3:!=V-B\S%8EN&B;R
M2Q'1?,VY]LUYQX@^`OQ5\1?M*>$?C-#KWAC3[;P[X-N]&D\"S>&6N-4F:[%I
M<7$/]J+J:VRRBXLX41_L[1JID!WY5U^D:*6NMG9ZV?:\91=NFJE9WOLK6UN-
M+2Z]?/6+5WOHXZ6:W9YM^QY\*=3^!_[+7@'PGK9@_MO1-%MX=2$+^9$+LH&G
M"-@902,X!]`*])HHK2I/FDY6M?ML**:5F[_UY!1114#/BCXJ_P#!!_X0_%_X
MH>)/%NI^(_B1!J7BG5;K5[J.VU"R6".6XF:5U0-:,P0,Y`!8G&,D]:P/^(=K
MX*?]#1\4O_!E8?\`R'7WM163H0[&BK3[GP3_`,0[7P4_Z&CXI?\`@RL/_D.C
M_B':^"G_`$-'Q2_\&5A_\AU][44>PI]A^VGW/S(_:K_X(??!W]G_`/9V\6^+
M[#7OB/?ZKH]@S:;:W6JV2075XY$5O$[+9Y"O,\:DCG!KYM\4?L9?!_3_`-J'
M4?@O;:QJ=IXRFDO="T?[5XVL7U>?5H-*>_6ZFT(:>LR:1)Y;HMRMTS,X"[5R
M'K]A_P!J[X,W7[0?[.OBWP?I]Y:Z=JNL6)&FW=S&9(;6\C82V\KJ.2JS)&QQ
MS@''-<5X_P#V2M9\7>*[KQS<>+]<\1>+-)L+J?PEX<UBZMH_#'AC59[)[9IX
MFM[-+N0$22+ON7G*++)Y:IG:,Y4(KF:C?W79>=O=:OI>]_+;FTL:0K2<HW?7
MY?/RV?>RE;4^4_@%_P`$,_@5\>O@;X.\;V/B3XJ06GB_1;/6(HSJ5CF);B%)
M0IS9]1NQ^%=;_P`0[7P4_P"AH^*7_@RL/_D.OLC]G_X36WP$^!7@WP/:2_:+
M;PAHEGHT<N"/-%O`D6_!)(SMSU/6NNKKQ5"A[:?LE[MW;TOI^!S4:U3V<>9N
M]EO:_P`[:7]#X)_XAVO@I_T-'Q2_\&5A_P#(=7/#W_!OI\&?#6OV.HP>)OB<
M\^GW$=S&LFHV)0LC!@#BS!QD=B*^ZJ*YI8:DTTX[FJKS6J9\T?\`#JWX>_\`
M09\9_P#@7;?_`!BC_AU;\/?^@SXS_P#`NV_^,5]+T5YG^KN6_P#/E'3_`&EB
M?YV?-'_#JWX>_P#09\9_^!=M_P#&*/\`AU;\/?\`H,^,_P#P+MO_`(Q7TO11
M_J[EO_/E!_:6)_G9\T?\.K?A[_T&?&?_`(%VW_QBC_AU;\/?^@SXS_\``NV_
M^,5]+T4?ZNY;_P`^4']I8G^=GS1_PZM^'O\`T&?&?_@7;?\`QBC_`(=6_#W_
M`*#/C/\`\"[;_P",5]+T4?ZNY;_SY0?VEB?YV?-'_#JWX>_]!GQG_P"!=M_\
M8KXF_P"#BS]@'P;\$_\`@C=\8O$^E:GXFN+_`$S^Q?*CN[B!X6\S7-/B.X+"
MI/RN2,$<X^E?KA7P!_P='?\`*"CXY_\`<`_]2'3*NED.7TYJI"DDT[I^:)GF
M&(DG&4W9G\@5%%%>N<85W?[-G[-GC#]K7XOZ9X&\#:;%J6OZFLLP$]U%:6UK
M!#&TLUQ//*RQQ0QQHSL[L``OK@'A*]F_X)_?%*#X-_M7>%]=NOBEK_P9@ADD
MMY/%ND^'5\0R:6DJ&)S+8M+$)[=E=A(H+DH3B.0X4ZT5%SM+S\M;:=M+[ZK3
M;4RK2DH-QW^_\K_D=S;?\$@?C5XK\0>+;;P5:^!?B1I7A*\N++^V_"_C;2+S
M3M<>"U^V2#36:X22]9;;$K10HTL:G#HC96O,_C[^Q/\`%+]EOP!X&\4?$'P?
M?>%M&^)-K+>^'9+R>'SK^&(1%W,*N981B:(@2HA8.",CFONB]_X*&_LD>%/B
MCXZ\;>`M-^(WPX^).I:%%X6TGQ/H'PZTF3341K3R-1U>WTI=5M(K&\NR\J*B
MM)'#&=P7S';9\\_M7_M)_!OXF_\`!/3X&?#'PEK?Q-NO&/PBDU:2X.K^$K&P
MTS4O[3N8[B4)/%J<\B>08]BYA/F@[CY6-M82=HZ.]N7YWYKM:)VTB]4G&[4E
MI<Z;)R[;Z:::)KJUH[IV;3T:??Y*HHHJC,*_7[_@RI_Y2F^/O^R5:C_Z=]'K
M\@:_7[_@RI_Y2F^/O^R5:C_Z=]'H`_I^KR;_`)OI_P"Y$_\`<A7K->3?\WT_
M]R)_[D*`/6:***`.3^(W_(X>`?\`L/2_^FR_KK*Y/XC?\CAX!_[#TO\`Z;+^
MNLH`*^:_^"F?C^+P%X!^'YUWQ3J/@?X<ZMXRMK'QOX@LM:GT-]+TQK6Z9"]_
M"\<EI')>):1-,LD9`EQO7=7TI14R5[>33UVT=[?/^K[%PG:_FFO2Z:NO-7NO
M-'AW_!.3Q3KGC']D;0+_`%R_U35BU]JD.EZAJ4LDUWJ.E1ZE<QZ=<22R$O*T
MEDMN_F/\T@8,<EB:^4_^#@7_`((A>*/^"RG_``J3_A&_'6@^"_\`A7']L?:/
M[2LYKG[9]N^P;=GED;=OV1LYZ[QZ&OT=HK6K/FDY=S&G'EC;_AOEY=O(_G$_
MX@A/B?\`]%S\!?\`@FN__BJ/^((3XG_]%S\!?^":[_\`BJ_H[HJ"S^<3_B"$
M^)__`$7/P%_X)KO_`.*H_P"((3XG_P#1<_`7_@FN_P#XJOZ.Z^>/B=^TQX_\
M*?M<ZWX+\->'O"GB/2K+PQHNI"/5O$7]AO!=7MYJD(5'^S3><9!9J`G!4QG@
M[N&D6H-PE/I%)OT;2_-H_$O_`(@A/B?_`-%S\!?^":[_`/BJ/^((3XG_`/1<
M_`7_`()KO_XJOZ(/AKXM?QY\/]&UJ1=,235+2.Y9=.OQ?VBEE!(BG"H)4!Z.
M%7/7`K;HDFG9F:9_.)_Q!"?$_P#Z+GX"_P#!-=__`!5'_$$)\3_^BY^`O_!-
M=_\`Q5?T=T4AG\XG_$$)\3_^BY^`O_!-=_\`Q5?J!_P14_X)C?$__@CY^RQK
M_P`,_MW@+XB?VYXKN/$_]I?VI=Z1Y'FV=G;>1Y7V2?=C[)NW[QGS,;1MR?ON
MB@#@_P#A(?B?_P!"?X"_\*^[_P#E91_PD/Q/_P"A/\!?^%?=_P#RLKO**`.#
M_P"$A^)__0G^`O\`PK[O_P"5E'_"0_$__H3_``%_X5]W_P#*RN\KD/V@?B%?
M_"?X(>+/$VEVEI?ZCH6ESWMM;75PEO#/(B%E1I'954$@#)91[CK2;&BE_P`)
M#\3_`/H3_`7_`(5]W_\`*RC_`(2'XG_]"?X"_P#"ON__`)65YU^SU^TWXU^*
M/QUGTG7M%T72/#>LZ=J.H:/:KE=7T\6-[#:,MX1,\;R2^;YAB14:V`5)<NXQ
M]`U?*^6,NC_1M?FF0I>\X]G;\$_U.#_X2'XG_P#0G^`O_"ON_P#Y64?\)#\3
M_P#H3_`7_A7W?_RLKO**DHX/_A(?B?\`]"?X"_\`"ON__E91_P`)#\3_`/H3
M_`7_`(5]W_\`*RN\HH`X/_A(?B?_`-"?X"_\*^[_`/E91_PD/Q/_`.A/\!?^
M%?=__*RN\HH`X/\`X2'XG_\`0G^`O_"ON_\`Y64?\)#\3_\`H3_`7_A7W?\`
M\K*[RO+?VJ?C[J?[/?ASP]J.F>'SXE;5-5:QGLH;F**Z>,65U<9@61T#OO@0
M-S\D9DE(VQMB92LKLN$')V79O[E<UO\`A(?B?_T)_@+_`,*^[_\`E91_PD/Q
M/_Z$_P`!?^%?=_\`RLKFOV0?C%XR^*FE^*K3QS#X676_#FIP6PG\/^:+*>*>
MPM;Q`HDD=F\O[28O-#;)O+\Q50-L7V&M9P<79^7XJYE&2:NOZ_K[^YP?_"0_
M$_\`Z$_P%_X5]W_\K*/^$A^)_P#T)_@+_P`*^[_^5E=Y14%'!_\`"0_$_P#Z
M$_P%_P"%?=__`"LH_P"$A^)__0G^`O\`PK[O_P"5E=Y10!P?_"0_$_\`Z$_P
M%_X5]W_\K*/^$A^)_P#T)_@+_P`*^[_^5E=Y10!P?_"0_$__`*$_P%_X5]W_
M`/*RC_A(?B?_`-"?X"_\*^[_`/E97>5\G?\`!1W]JGX@_`/Q-X9T?X?3WJZM
MX@M)W3SO`.H:YI%LR$?O;R]M7S;KDA1''#-*W4+M!(F4K-+O_P`/^G](J,;W
M?8]U_P"$A^)__0G^`O\`PK[O_P"5E'_"0_$__H3_``%_X5]W_P#*RK'[.OB+
M6?%GP-\+ZEXAU2RUK7;RPC>_OK/1KG1K>YFQAVCM+DM-"N<X60EL<]Z[2M)Q
MY9.+Z&<)<T5)=3@_^$A^)_\`T)_@+_PK[O\`^5E'_"0_$_\`Z$_P%_X5]W_\
MK*[RBI*.#_X2'XG_`/0G^`O_``K[O_Y64?\`"0_$_P#Z$_P%_P"%?=__`"LK
MO**`.#_X2'XG_P#0G^`O_"ON_P#Y64?\)#\3_P#H3_`7_A7W?_RLKO*XC]I+
MQ[=?"[X$>*O$5E/J%O=:-8/=1O8Z#-KUR"O.([&%EDN'/0(K`DGK@5$YJ,7)
M]"H1<I**ZD7_``D/Q/\`^A/\!?\`A7W?_P`K*/\`A(?B?_T)_@+_`,*^[_\`
ME97AO_!.+]H[XH?M`:_XFN?'VJ:>-,6V@ET?2#X&U/0=4LU).][R:=VMC(20
MODV[R[=NXRMG`]`;]OKP-I?Q&\6>%]5A\4V>I^%=7&DR&U\-:GJ4%P3;03B0
M2VUL\8XG`*EL@J<XR*V=-\R@MVKV\KI?FUMW\G;+VBLWTO;YV;_)/^FK]E_P
MD/Q/_P"A/\!?^%?=_P#RLH_X2'XG_P#0G^`O_"ON_P#Y65W@.X`C.#^%%06F
M<'_PD/Q/_P"A/\!?^%?=_P#RLH_X2'XG_P#0G^`O_"ON_P#Y65WE%`'!_P#"
M0_$__H3_``%_X5]W_P#*RC_A(?B?_P!"?X"_\*^[_P#E97>44`<'_P`)#\3_
M`/H3_`7_`(5]W_\`*RC_`(2'XG_]"?X"_P#"ON__`)65WE%`'!_\)#\3_P#H
M3_`7_A7W?_RLH_X2'XG_`/0G^`O_``K[O_Y65X]^UU^V+XW^!_B#Q!I^DZ7X
M3T?3=(BMKT>)?$<X;2XH6AE8P,B7$<KW<]PD5M!"-IS(9/W@7RS]&^$M5NM=
M\*:7?7MH=/O+RTBGGM=X?[-(R!FCW#@[22,CKBB/O)R73^OT?IUW5R7NM)];
M_A;_`#1R?_"0_$__`*$_P%_X5]W_`/*RC_A(?B?_`-"?X"_\*^[_`/E97>44
M`<'_`,)#\3_^A/\``7_A7W?_`,K*/^$A^)__`$)_@+_PK[O_`.5E=Y10!P?_
M``D/Q/\`^A/\!?\`A7W?_P`K*/\`A(?B?_T)_@+_`,*^[_\`E97>44`<'_PD
M/Q/_`.A/\!?^%?=__*RC_A(?B?\`]"?X"_\`"ON__E97>44`<'_PD/Q/_P"A
M/\!?^%?=_P#RLH_X2'XG_P#0G^`O_"ON_P#Y65XS\*?CA\8K+]I27P9XC?X6
M:W;1/.KVT'C6"/6H;=KZ:2*[-BED'REF\">67P3&27)8L?J*FE>*GT=_P=OZ
M_P`[I)OWG%]+?BK_`/`_X%F^#_X2'XG_`/0G^`O_``K[O_Y64?\`"0_$_P#Z
M$_P%_P"%?=__`"LKO**0S@_^$A^)_P#T)_@+_P`*^[_^5E'_``D/Q/\`^A/\
M!?\`A7W?_P`K*[RB@#@_^$A^)_\`T)_@+_PK[O\`^5E'_"0_$_\`Z$_P%_X5
M]W_\K*[RB@#@_P#A(?B?_P!"?X"_\*^[_P#E91_PD/Q/_P"A/\!?^%?=_P#R
MLKO*Y_XKZEJ.C_#37;O29+N+5+>REDM&MM/_`+0F$H4[-MON7S3G'R;ES_>7
MJ)E*R;[%15VD8?\`PD/Q/_Z$_P`!?^%?=_\`RLH_X2'XG_\`0G^`O_"ON_\`
MY65XS^R!^U;\1?B;\?\`4_!/Q5L/"W@WQ18Z"-4MO#6C7$6IO+!YL:->75PD
M[FVEW.J?9&3:I+E+BZ"ED^HJTE&R3Z/;[VOT^6SLTTLXRNVNW^2?Z_/=75F<
M'_PD/Q/_`.A/\!?^%?=__*RC_A(?B?\`]"?X"_\`"ON__E97>45)1P?_``D/
MQ/\`^A/\!?\`A7W?_P`K*^?_`/@J/^QS\3_^"E'["?CKX*>1X"\%_P#":?8/
M^)S_`&[=ZC]C^RZA;7O^H^PQ;]WV?9_K%QOW<XVGZ\HH`_G$_P"((3XG_P#1
M<_`7_@FN_P#XJC_B"$^)_P#T7/P%_P"":[_^*K^CNB@#^<3_`(@A/B?_`-%S
M\!?^":[_`/BJ/^((3XG_`/1<_`7_`()KO_XJOZ.Z\8_;#^.GBCX)7GPRC\*6
M&D:K>^*_%3Z3<V>I7W]GP7%NFDZE>/FY\J7R=IM%?=L.0A7C=F@N%-SNH]$W
M\DFW^"/PK_X@A/B?_P!%S\!?^":[_P#BJ/\`B"$^)_\`T7/P%_X)KO\`^*K^
M@#X#?%'6OB=HVHR:_I?AG1M1L+A(S;:-XC&MH(Y(8YHW>000["R2*P7:<J58
M'#"N[JI1:=F9J5U='\XG_$$)\3_^BY^`O_!-=_\`Q5'_`!!"?$__`*+GX"_\
M$UW_`/%5_1W14C/YQ/\`B"$^)_\`T7/P%_X)KO\`^*K[7_X(0_\`!NEXR_X)
M%?M=>(_B3XA^)'AGQA9:WX/N?#266G:?/;RQ22WMC<B4LY(*@6C+CKEQZ5^L
ME%`!7DW_`#?3_P!R)_[D*]9KR;_F^G_N1/\`W(4`>LT444`<G\1O^1P\`_\`
M8>E_]-E_765R?Q&_Y'#P#_V'I?\`TV7]=90`4444`%%%%`!1110`5^=__!6_
MQWX7\`?M$>'Q'<Z#=>/]5T6VGL-';XG:EX1O;M;2YN'@FD\I!:10QR3R;9YY
M4)9W50Q`!_1"OF?]K#]J^R^'OQMC\&0Q_!ZTU.QT&+7)[SQ_XC32(KB.:>>*
M&WMOW4C.Q:WE+OTC!C^5R^%SFO>C=[._W)OY6W^5EJT;4[\DU:Z:L^VLDM>Z
MO9>MGT/5OV3-'M_#W[,7@"QM8=)MX+70;.-8M,UI];LH\0KD17KJK7*`YQ,R
M@N/F(YKT*N/_`&??BEIWQN^!GA'QAI-F=/TSQ-I-MJ5M:[HW^SI+&KA-T9*,
M%SC*DJ<9'%=A75B&_:RYE9W?YG-35HI7N%%%%8EA1110`4444`%<)^U!X=T_
MQ=^SMXUTO5I=*ATV_P!'N(;F34M5DTFS1&C(+2W<8+P(.ID4$KU'2N[KA?VG
M_$(\)?LZ^-]4*:G*;#1;J<1Z=<6=M=R%8V(6*2\_T9')P`TW[L$C=Q6=5VA)
M^3+II.:3[GRM_P`$[;3POH?[3^J:98ZEX?\`%.MGP_>ZF-3\/?%&_P#&=IIR
M7-]`]Q'<)<HHMI;B94D1ADR^1-T\OG[CKXA_X)AZG\0/^%KZ[_PGNL>/]/DU
M;397LO"FK#P_+8:8UM/%'<'[58[;BZN4DD5'8Q0Q(&VE-V&/V]7545H07E_[
M<_E]VG7=LYX.\YOS_17\]^^O39(****Q-0HHHH`****`"OGK_@H]X9@\1?"S
MPS+=>&O$7B6UT[7C/,F@ZY)I.HV@>PO80\4B31%M[2B!@6VJEP[L"$-?0M?/
M'_!2GP0_Q1^"VB^%[;Q'X,\+W^NZVJ6]YXC\(KXEAQ#:75S,L,+_`"0SFW@F
M*S.&"@,`I9EK*NO<U\ONOJ_1+5[^C.C#-J;MVEW_`)7V_P"&[Z&;_P`$QOAE
MJWPI\`>,=+UNUB-_%K4"F_@U:^U*WOD&FV81(Y+R::0K;KBVW*X20VY=4CW%
M%^F:^;?^"9GP8\*_L_\`PHU_PQX7@\"QB/5(]1OI/#.C7FGI=RW=I!<+/<-=
M32R3S/%)&V_=A5*IM7;@?25=F)=YZ]EWWLK[ZG%12Y%;;IZ='IIJM=-.V@44
M45@:A1110`4444`%?)O[?DWAG2OB[X;OO&@\!>)]`.CSP0>&O$7C.WT%K:[,
MZ,M_''.PCF^53&7^_%M&S=O?'UE7S#^TWX&C\0?M46>H2?$>3P,L?AVRTT16
M^B6FIS74MUJ;0P9%U:S1HK2NJ`HP;+?,-H!K-INK3BNK?_I,NG6^R[7NM47=
M*G.3Z)?^E16_3OY[/1GK'[(ME<Z;^S3X,M[OQ#8>*KB'3D4ZG9:DVIV\XR=J
MI=,2UPJ+B/S6^9]FX\DUZ-7(?`74;34_A)HTECKD_B2WB22`:E-91V4EVT<K
MQNQACCC1,,K#"HHXR.N:Z^MZDKS;7?\`K<QIKW%Z!1114%A1110`5YO^U[8W
M.I_LT>,K>T\0:;X7GET]@-1O]3;3+6(;AE)+I?FMUD&8S*N63?N`)`%>D5X_
M^WW!82_LA>-GU7Q-I7@W3+6UBNKO6]191;:7#%<12/,^Y'4[50X5D92<`@@F
MLJSM!LTI*\UZ_P!;:GEW[`<_AK5?BYXGOO!1\">&?#QTB"";PSX=\96^O>==
M":1FOWB@8Q0?*PCWCYY<_/C8@KSO]H?0?C9/^UOX@M?`]K\<?!'@4ZI:ZCJ&
MM^'H_#-_;Z_(8(A*EO;W`22!=J(CSW#RN=K!8@`CUZG_`,$__B.OQ*\9^+I=
M)USQ]XI\/:7%;VW]JZ[X4TKP];27$D4=RJ0PPPP7K'[/-#)NFA6,K*NTLVX+
M\I?M_P#P]^*G@#]J_P`63:IXFL_`_P`*/B#>G3M+O[C4K>X@U)]2MK&TNK9H
M8]-GNH)6:TC52VY%!W"5=S*O73BUB*47I=:7OJW)-)WUUW2UT2235DN>2O3J
M-[:-VWMRVO'IMHWI:[E=--O]3DSM&<YQWZTM-@&V%`.0%`_2G5DRHO1!1112
M*"BBB@`HHHH`^"_VU-$U"S_:CUR[/PS\2^*8+ZV,<%W8ZE8_9+?S-&N[47BV
M]U>QK]M26580YB*""5SAFY'VA\&]-N=&^$/A6SO+9;.\M-'M(9X%<N('6!`R
M!B6R`01G<<XZGK7PI_P4J_9.\6?'_P#:?:ZE^&6F>/?`\.G6RFQ?P-8W2ZA<
M*Q8FYO\`^U+6[FC7"J(,)%C<'$H(Q]]^![9[/P5H\,EG#ISPV,*-:Q0B&.V(
MC4&-4#,$"]`H9@`,9/6EAU:C)]6U]R<K?F^^EM=T*NKU8+LG^/+?\O+6^CW-
M2BBBF,****`"BBB@`HHHH`^3_AY^R9J'BF\TW^RM9\!WW@G3O'5UXMBUVWTJ
M5/$<MPFIS7$MHTA.P$3[[=YAR\*LFP;MU?3>M^/-#\-:G%9:CK&EZ?=S1>='
M#<W21.Z>;'#N`8@D>;+$F?[TB#JP!^#?@]KGPB\&?%^'3;7X#ZU<^/5\7F4:
MS?>&K\O]JNO$-U'-/]L^Q+#B&';=!]VTHZ+O)!<][_P5=^&^MZM<>$_%-EX+
MEU_0=$M[F+7-6@\?WWAJ31(1/;7,4CPVPW74?G6R.=I:1&C3:C!F(2FHTH-_
M`V[OTBE>_P`HJ[LK*][W$H.527\UE]S;=K=]9-+5WTZ'U]H7B+3_`!18-=:9
M>VFH6J32VYEMY5E02Q2-%*F5)&Y)$=&'4,I!Y%7*\<_8!GT;4/V1_!]_H$]K
M=Z3J\=QJ<-S;ZC>ZBET;BYEG>7S[V..YD9WD9B944@L1T`->QUK5IN$W!]'8
MFG/FBI+J%%%%9EA1110`5YQ^V!X@T3PK^RS\0=1\26NK7OA^TT&[?48-,O9[
M*]EM_*;S!#-`1-')MSM:,AP<8YQ7H]<+^TY<:C:?L]>,YM(T#3_%.IPZ3/);
M:1?1QR6^I.$)$+K(Z(5;&,,ZCU('-3-)Q:EL-2DG>._0\!_X)R_#7P#\%_''
MB;1OAIXD\3WOAS5;=+V72M<\"W&D2VDD0CA1H[TVMJDHVYW"5)9Y&;>TIPV?
MKBOGS]F7]J;QY\=/BQ-INK_#^^\)>'[2VU.>2YO9;)Y)2MY`FGJGV>\G.YK9
MIFEW*`'"X(Z'Z#K:;;C&3ZKY[M:];^MV9Q24I171]-NFW2WIH%%%%9EA1110
M`4444`%?+O\`P5J\1>$?!G[.&E:UXOU71M'MM-UZ(6,]]XEU'09)+F:VN;<1
M02V$<D\DTD<TJ>4%VLK.20%KZBKQ[]M#]H"Q^`7@30'NK;PE-<^*=<BT6RE\
M4:DFG:/92F">X::XG9'VJL5O+M55)=RB97=N&=6/,E'NU^:_/N]%N]#:A)J3
M<>BE]W*[_*VZZK0\P_X)#%;[X#:_J+:;HFES7^M!1%8_$.3QK-Y$-K!!`;BX
M?(MY/*C0"W5W"(%)(9B!]85XS^QA^T#I_P`=?#GBB"T@\%K>>$]8_LN\N?"6
MIQZEHU^S6T-PDT,RJISY<R*Z.H9'1AEE"NWLU=5>3E)-]E^2U^>_Z+8YJ<>5
M6]?SV^6P4445B6%%%%`!7DW_`#?3_P!R)_[D*]9KR;_F^G_N1/\`W(4`>LT4
M44`<G\1O^1P\`_\`8>E_]-E_765R?Q&_Y'#P#_V'I?\`TV7]=90`4444`%%%
M%`!1110`5\9?MEZ\UK^UTUM;_&3X8_#^>VT'1-0ETOQM;L8+F..]U+FW;[9`
MI$W*3*%)Q##D\@#[-KXO_;A\<6OPU_:AE,_C'X=>!5\7>&M-L[C7M5N[5]5T
M:WM;N_ED>"UNXY()'D$XCB=AL5O.:4.$13$FDXW[_EK^G_`-H*]*JN\5_P"E
M1O\`A?;4]H\,>/D_9E_8M\+ZO>:G_P`+#M]#T[3;:ZUC2`TT-]')+##)?KM:
M5O(17:9B&<B.-CDXI?V8_P!K.\_:&\;>(]*N_!]WX9M]-L[75M+FGO/-FOK"
MYEN8H7N(3&C6D[&U>3R&+D1R1$L&+1I@?$/2]:\?_P#!/31I-?FBE\2_V9H^
MJS-X=TI]9M;B]@GMKE`EM:$F>V>6-0ZQ'!B9\-MYKR+_`())3>!O$OQ<^,>O
M>%M!TSPQKES<V]OXCL=(\,:AI]I/>FXO;J2XN+V[MX3>WK/<N'7!:!%B0\$&
MNIJ]:I&6K5WI\E?IU^Z^JU7+SN7[B,UNVOT_2_KW[_<=%%%8%!1110`4444`
M%<!^U7X6TWQO^S7XZT?6-8T_P_I>I:+=6]SJ=\)3;6"-&099!%-#(57K\DL;
M<<,IYKOZ\[_:YNY-/_9@\?7$7B*;PE+;Z'=2IK,4$UQ)IK+&2)ECA*RN5(^[
M&0S=`<D5%1>ZRHMW5CYQ_P"";O@%=+^,6O:@O@WQZ]K:6-TMEXTU+7M7FTG5
MFNKJ*:Z6&QU;9<PRR2Q"0R1K-"ZH")V+;:^TJ^0OV#?&GQ"^*'QJU34?$?BS
M5=?T;1(-7MKB'_A$M3T&UL[ZXOH)?LLAO;EQ,]LD;1QB%&5$=@9`2%/U[71-
M_NZ?I^K^6NZLK6:]3&*_>3MW_1?/UOK>_H%%%%9&@4444`%%%%`!7RY_P5B^
M%%O\:/@=X4T&^'A9]/NO%=N+B/6M3ATOS]UK=)'';W4UM<)#.TKQJ,QY=#)&
M""X!^HZ^?_\`@HOJN@P_![2-+\7>'/%'BKP9X@U9K'7M/T5;R3[3;"QNYEBN
M8[2*2:2VEFAAA=!M5O.4.2FY'QKI..NUT_N:?G^3-\-S<SY>TO\`TEWZK\T9
MW_!,/P[I_@SX#W6B0^&OAKX=US1+N.P\0-X)U!+VPU#48K6%)IG*00K')E0I
MB`;8%521C:/I&OGC_@G'KGAZ\^%VL:7X-\-^*O"?@S0[RW@TC2M9ANX(]/62
MRMYY;>UCNH8I4MXI99(@N70&-@A50$7Z'KMQ+;J-RWT_)=+NR[)-I;+0XZ-N
M16V_3IV^=U?N%%%%8&H4444`%%%%`!7Q[_P48\->%O&/Q@\(:?K.@_#36;U[
M1!]H\3^!-0\0#2T>[2.&22XMYHTMH6G=`/,_B!;(56(^PJ^%_P#@K!\5O`?P
MH^)/A2;XA_"+PY\1M.U*VMX;*YNK.RN+NW1;]&OU`GN8GV1VQ\U2JLBR!2[`
M$9SDU[6FGUE^CZ]/5_F6D^2?+O;]5TZ_T]D?4?[)?P*;]FC]G;PQX&>ZL[Q_
M#\$D1DM(I(K?YYGDVQI(\CK&N_:JL[$!0,UZ+7FG['=V=0_9F\(7(T#3?"\%
MU9F:UTNP$7V>TMVD=H0OE221G,11B4=E)8D'%>EUO534VGO<YZ+7LX\NUD%%
M%%0:A1110`5P/[47BG7O!GP!\3ZCX7L;;4M?AM0EE;3QQR1R.[JGW))8DD(#
M$A&D0.0%+#.:[ZO(_P!N[11K_P"R=XPMG&K^5Y,$LK:8LINXXTN8G=XS%^\4
MJJEMZ990"P!(`.=;X&5!^\CQO_@FA\+O$OA#QOXVUCQ)\.KOX:W6K22*++3]
M!LM$T?4U6<K'?2PVU_<K)?RQ(CR.$C"AMGS[=QX[XE_#;P>G[?'C37H?`7Q;
M\2>)[I(&O/$?@/Q;>QQ:6D<42K:78GFMK>U8@EQ!;2R[E+.Z(7RWJ'[#GBQ-
M2^*OB.TATWXE6^EWFG#4-$O/$_C&_P!9;4+`74D"W#VMS_QY-*\321#<[20D
M,2AW1KY;^T1\'H/C_P#MOO:6?CG4O%YTS6(7?P3XVTN^_P"$1>XMK-+B2PM+
MB$"U\TQR1W+FXM[R0$'8R!&5>B#?MJ32T2?R5[-]]'NM.VFB>4VN2KWNO1NR
M:5]G=6L[OOKJS[R3[@X(X[\FEI%&%`P!@=!T%+4,I;!1112&%%%%`!1110!^
M=O\`P4U\/7*?&/Q;>ZI\1/@L?!Z:*FHOX,\6^,?[.O)M1AM9H[>X,`@8O&GF
M&2*$MM-PL<H9645];>+?VA]*_9T^!7@/6M=M_$-S8ZLVG:5([VDUUJ,+2P$B
M26&%'D>0%,.J*3DD]`37B7[9GB[X]Z?^T#Y'@3P1J%[X7@6(KJ>F>&M+U"Z?
M%K/)N$]Y?1E6^U"WB9/(($32,KA\%?2/VR9O&^I?LDZ7J>C>$?%&O?$*VDL+
MR#2_#5[IUG=VMZ5VR,)KY)8HXXR[[F17DV@A`2><Z<G&EI_-&_>W,[_>KJ]]
M%;I:U5(\U6*_NRMV3M&WI9J]NK;>][^I_"/XY>'?CCIUY=^'7UF2"PD$4QU#
M1+[2VW$9&U;J&-G&.Z@@>M==7SS_`,$[=+^)&E?#W7A\3M=^(NMZ[<:CY\8\
M5:?I=DMC"R?+!:BR=R\:X^:29MS,20J*=H^AJWJ1479=E^7]?\'<RA)M7?G^
M?]?\#8****@L****`"BBB@#X8\*_L8?%C4/VU$\;>(M%.G^%-)\2RWNE6F@_
M%G6D@GMS+\MU?VTT;+</@EQ:QM#;KNV$2!0U;W_!2_X/Z!\=?CC\+M$U*ZT?
M0=7TZQU36-+UO7-?U"PTZV>)[1&BC@MIX5FNF67<LC.&B1)"H(9L7K[PM\8O
MVGIK.74KSPW=>!](\4F`6^GS1,NNVZ:K.DUR\IC2XM&M+5(TB^SNLIND<LS1
MA2R_\%,?V@KO]EB^\->*]2^'^N?%/X?Z?I5]'K&A6]B9X;27S+5H=0EFEC:W
M'EJDJXFD1L2LR;R"*A-1ITU)V46[=_@T;MM=VM9=+2LDU&G>52;@KMI;6MK+
M9=]+WN^MXW;5_9/V(_%J^-_V9/#6H*;^0,;J#S[K5Y]7-WY5U-%Y\=U/^\F@
MEV>9$[=8G3MBO5J\=_8"\?W_`,5?V1?!OB747OC-KT,]_%%=V-S9RV<$ES*T
M%L4N(HI2(8C'$)'C4R+&'`PPKV*NG$1:J24M[LPH23IQ<=K!1116)J%%%%`!
M7%?M(:79ZW^S_P"-;/4/!Q^(=C=:+=Q7'A@-"IU]#$P:TS,RQ#S!\F78*-W)
M%=K7F7[:5II&H?LC_$FWU[4KK1]&N/#E['>7MO;_`&B6WC:%@S"/(\SK]PD!
MAQD9R,ZL>:$HKJF:49<LXR?1H^3/^".?A.SL?'WB?4=&\':7X+T&/34LH-&L
M8](U=-"E60%[=];AN'O;EF&W]U-&JKY1().*^X=1^*_A?2)M2BN_$>AVLNCM
M(E\DM]$C6C1VZW+B0%LJ5@=)2#T1E8\$&O#/@?X$U#PE^UK83>*AX+T;Q#-X
M*N(-.T[PKIDEM;7]HEW:^;/<.[$[XG:%8X@"$%Q+AWW';\^_MW?!+4/&/QN^
M(LVD^%M<MM2`?5GO#XOU*VTS7+0:-;V\EO':VEY$POKHH;,`)B..+SG$@*H_
M3.7-R>:?X3:O=[Z7;6K6VK3,L-!.4N;36/9;J.G1+>RZ/?1.Y^B4%Q'=0)+$
MZ212J&1U.58$9!![@BG54T"`6VA640@-L(X$41%MYBPH&W/?'3/>K=1-6;2)
MIR<H*3ZH****DL****`"OG7_`(*-:PND>#O`7_%>^'/AY-=>)WMH=0\00M)I
M,[OI6HCRKC$\`4`9E1F<CS88A@D@CZ*KYX_X*,^(H_`7@3P1XID_X0MW\,>)
MQ>10^)=2_L^UGD?3KZV55D*LA8-.&964YC67;\X2LZEK6ELVOS-\.[2=OY9?
M?RNQ:_8!TF:Q\#^(KF?XE^!OB9)=W]NINO"9_P!!LO)L;>`HP^T3XED,9F?Y
MADRYQSDY7A3_`(*$3>,_BIX?T.S\!:K;Z5J&IC0]3O[ZY:TN+#47:YV6T-L\
M.;DQQVK23LKJL*RQE3+\Q35_X)\^)M4\4_#?Q%->>-?"_P`0=-AUGRM.US18
MK*%+@?9;=IXVCM`$01W+3I&L@$OE+'YA=OG;Y*\`:%X(MO\`@H-\-_#6M:#;
MP>,-#OYY/#FOS^`=7C\13V,5Q?7!A\R6`PV4#27KBXO%EVW/RJRJ77;U3O+$
MPA+6]K^EDWVZ=-'ZVL^2-HX:<H]$[>3Z?CNW?LTK\T?TRHHHK$T"BBB@`KR;
M_F^G_N1/_<A7K->3?\WT_P#<B?\`N0H`]9HHHH`Y/XC?\CAX!_[#TO\`Z;+^
MNLKD_B-_R.'@'_L/2_\`ILOZZR@`HHHH`****`"BBB@`KY!_X*,_M)Z[\"/'
MND6UIXR\5>%].U/2WDV:9=^%HD<H["6;;JN9AL5H]S@>2NY,G)-?7U?'?[<O
MQ1\'_`O]H.XUL?%CQIX8\=ZKX1B2;PUX9\.V6N7=WIEI<74@NF6>VE%O%YD\
MJ-+))%$2J`G<!656+=HK6]].^CTMU_'O;0U@THRE+HE_Z4NO33J_3J=!X^^&
M^B>/_P#@E)I_AG0=/\86'AS4O"VFVUK93VNH7&LI;'R?W<L>F2Q7+2%.'\B0
M+@MG,>0>*_X)!>*--O+CQWX=T?Q'K6LV'@X6>F&RGT7Q#I]EI$@$I,$1U*XF
MA+J,;HX-K)\N\<J*[#XX_#6S\`?\$J;?P9J'AKQE?V-MH6E:'<:4+Z:UU:"-
MYK>!C/+HV]@(@Q>5;/<ICCD5<J:Q?^"3.H+>>&]?@MM.\2>&=,TR.&PL]`U2
M[\07:64<4DT8FB;4H((HXY=NY8H(RRIL+MDA5[+IXBNUL^WKU\DGI;>][JSO
MA-_[/3NV]>O_`&[^+ZW[):MGV'1116!04444`%%%%`!69XT\%Z1\1O"6I:!K
M^FV>L:+K%N]I?65W$)8+N%QM>-U/#*02"#UK3HI-7T8T[:H\[^#W[)'PQ_9\
MUR[U/P/X%\,^%=0OHVAN+C3;%())D9@S!BHYRRJ3ZD"O1***IMZ+L2D@HHHI
M#"BBB@`HHHH`*\I_:V\<^)?AOX3\/:UH$EX-/LM:0Z]'90PSWLMBUO<+^YCD
M_P!85N&MY&1/WC1QR!`6(!]6KYJ_X*G:5!XD_9YTS2)/$7ACPS<:MKT%O;W.
ML^!9/&)D(AGD>.VM$5REP8DD(F*.$4/QD@C*M?ET[K\U_3MKVU-J*]YW[2\^
MC_'L]D]7H:?_``3IO_'6I?"C6IO&GB[Q3XWA;5%&CZKXDL+#3]5N(!:6_G&2
MVLX(4@C-U]H,<<B><(RN\G@U]!5\R_\`!+'X4>%?@Y\"M8TKPGIOANPM)=:D
MNKJ32O">J^'VOKAXHR\TZZBS33RMQ^\!V!0J`#;@?35===KF5NRZ6Z+^KZ7W
MLMCEI?#\W^;"BBBL30****`"BBB@`KYT_:[MO#7@'XK:+XRU+XV2?"36+O29
M=&A1;;3;EM0MTE$\C*MU!*X5"5+LF%`V[NBU]%U\=_\`!1GQUJGP*^+/A_QE
MH-YX[MM8U#1I=%AM_#*:!=WNJ8F\_P"SV]I?AKF>8XW%;9""%&[[HQE-VG!^
M;^5XR7X_#\^NQ<8WC)>FGI)/\/B]5TW7T;^S;\/],^%WP,\-:'HVN/XETJUM
M/,MM58PD7Z2LTHE'DJL6UM^1Y:A<8P,5V]>8_L9>%[CP;^RYX*T^[TSQ'HUU
M'IXEFL=?6T34[1Y':1HYUM";=7!<C;$=J\`8QBO3JZ:L;3:\S"B[PB_)!111
M69H%%%%`!7FG[9$UE:_LN^-YM2M);ZQ@TR26:WC\.S>(9)U4AMJV$3+)<L<8
M"*P).#GBO2Z\\_:R\/ZSXI_9M\::?X>\4Z?X)UNXTN466NWT\T%KI<H&5FDD
MAEBD5`1R5D4@9Y[''$_PI>C-:'\2/JCY8_X)#:;>2^,/&6JW6@^#_#%M?65N
M+#3;#X=ZCX;U>&+<2QO9IF:V9RQ`$%N\NW;N,K9P.C^/.D_!O4OC#XT\5:S^
MSQ;>+K3P7?Q#Q7XU-C89L[@6L+R2K')(MQ<""VDA,CQH3M^5/,9648O_``2/
ME\9W_B3Q;-XH\;^,/',,%E;QQ:E))?W_`(7O'8[C)IFH7-W(MTH'#,L,1`QR
M<XKR+]N+PI#IGQV\?:A>^$/@KJD/B#5KS3;?6M2+2:A:W1TW33#-<PQZ9-B.
MS&^22660Q!+B(2.@``[DDZ]./]W\>:*2^=^ZUMJMCC3]R;[O\.5MOY6ML]+Z
M/=?9O[;GQP\5_!#PQX<O/!\GA\W5Y/?>?#JSR10/##IEW/YA=(I"$A>-)G48
M=HXG5"6(1K_[&_BWQ/KN@^,=)\5>)6\7W_A7Q"=-AU66RAL[BZ@>RM+I3)'`
MB1#FY;;L7/E^6'_>!Z\Z_P""J$&C'X1^%'U_2_A7K=A'JLT?V3QQ-'#9-+)I
M]U%$Z,Z/]R1T:15P[0B0*23M:U_P2GLO#&E?`GQ-9>#O$7@KQ;X>L?%-S;V^
MK^'(K&%;UEM[82&XCL@L*3+)O0+M#B)(=_S9)RH).56_2/X\T?NLG\[O5VM&
MJK:C2Z7?_MK^_9_<M%O+Z=HHHJ#4****`"BBB@#\_P#_`(*#?%G3OA_\>O%\
MGB;Q/X/M5M]'M?[`EU/XLW?A-O"[>6[-<?9H86C+M*5;S78EE54("@@^S_MM
M>$/BA\1_V*_#M_\`#@V>O_$?1I=-UF&6UU*UM(KMECVW$L,EQ#)`^Y))&175
M%;(^=.#7SS_P5/\`&MKHW[5FCVDGB/XB3:S/%I=GH6A:S%I-GX#COKF\6&&=
M)+^VE^TW0D97<P0W4MO'$SA8Q][Z#_X*1^$;;Q=^Q;::!XMT*_\`%D>HWVF6
MNI1V-WJ4$"N&!DGF_LV%KB2W!4YC6'8^Y5954G&/(GA;RZS2^:ET^]<VU]+O
MJM9*U9=N25^N\5>_7;;?K9=^,_X(S+J-S\-O%TNK^,;3Q?JFDW%CX<F,3$R:
M8MA;>4MM*?L=JC.H;ET\T-G._M7V?7SY_P`$X=4\-:M\"8)/#T'C_3)1'"+_
M`$GQ/-JTO]DS;.8;9M0CC)B'.#&H!X)`/`^@Z[,1)N=WOI?S=E=_-Z[OU>YR
M4(VA;S?YO3Y;/1>BV"BBBL38****`"BBB@#\Z/A/X.TCPE^TY9Z/I_PG^'B>
M*M"\93WFLOJ@@N?$FH_;=9N94O;0PS9BBMK5HKEYYHBK[UB4*ZL1]!_MX_LL
M3_M#^+_`VJ6W@VX\5WGA%KFZLY$^(E]X7&G3/L42B*"&1)I,`A9&`:/+!3\Y
MKS/P]\.((M,T#4QJ7A1?A^OQ8EO+77DT21/$LVH-KTRBV=M^T(]X3;M.,L\#
M8,:ABP[;]N'P/HWQ"_:+\"Z1J/Q&UOX8W5[H-_-%J4#:<EK>BVU#3+H6^;R&
M3=+YD<<FU"O[N.3.X'AP5Z=-/2TI?*T%+T5NVZ6MVFD1)VJ3<=FE]SFXOUNM
M>U]--6O>/V?]`U3PO\(M'L-9MKNTU.V619XKGQ#/K\J'S7(#7LRI),<$<LHV
M_=Z**[*O'/V"7L+C]F'1[C3=2U+6K:]U'5KHZE>^07U*234[IY+E#`B1-#*[
M,\;(BJT;H0.:]CJZOQN_]?>%/X58****S+"BBB@`KBOVD-3AT;X`>-+NXC::
MVM]%NI)HUT*37C*@B;<OV",A[K(R/)4Y?.WO7:UQ_P"T%KWAKPM\#O%NI>,;
M$ZIX5L-*N)]5LQ;_`&DW=NL9+Q"/^,L!@+W)`K.M%RIR2ZIFE&5IQ?FCXY_X
M)&3:OJ/Q1\4:C=:;H>@Z1?Z1"NGZ=+\/]6T37XXTD!`N;FYEEMHHUWD+9P22
M`9+[A@J/(/\`@H];_#SQW^V#XVD\?>(/@=-I?A<HJ^%/$WA6V%YJ$]KI-OJ/
MGW%RE_!<7B.LB10QR;82\90QO@/7V)^R9X>\#_#[XMSZ3:?`]?@[XMU317U"
MU.+&8ZE8I-$LR>;:RR!7BDDM]\;8'[Q2C.`Q7RW]H7XB^.OA_P#M?^*/$$>J
M_"W5?"7AFYM/M^C:]XJM=+,.G3:<%17@;3Y9A</?G?',)F5T7R@N[('3)WJ4
MY+2R=GYJ6]^Z>FNS[62(PUDJE];VNMKKW=/FNVZ>M[N_VMX;N4O/#NGS1HD<
M<MM&ZHB;%4%00`N3@#TR<5=J'3KC[7I\$NU4\V-7VJ20N1G`R!Q^`^@J:IF_
M>9E25H15[Z(****@T"BBB@`KQ3]O;XHZK\'?@8NO:5K>K^'VMM1ACGN]/GT>
M&0(X90A.J?N#ND**%3,K,5"@C=7M=>!_\%!]5\'>%/AYX1\1>+OB'J/PV?P[
MXFANM$O[#3XM2NK[49+:YMX[2*UD@G^T2.D\I6-(V?<H*\BHFME?=K\U^>UN
MNQK22N[]G^3^[UZ;]#$_X)E^-M.^)W@+QQXD@N?%VJ:WJWB0G6M4UUM,?[=<
M1V=M$H@.G8MO+BB2.(J`'62.0/E@37S#^SCI6E_!#]OZP\/6WB'Q9I6N>.?$
M-WK-UI3^'?&43ZNH+EYYY)[V2W,*C:HEF0PJ-BK@;5KZP_X)Z*=?\)^-O%IN
M?'6I-XN\1O.^H^*-.T[3KG46MK>&Q:2.VL@OE(IM3'B=$F+1L2NW:3\K_L;/
M9:/^VA=VFC^%?'?@E=<UR37-2OKW6/%]Y#JTTD]Q&+2:.6V2U>55B5FDDG:"
M-)84C$@'R]$5_M5/I[J6F^T=/DUKI>Z2M=Z<\WS8:;3NKWN]OM*_XV5NCO=)
M'Z6T445D6%%%%`!7DW_-]/\`W(G_`+D*]9KR;_F^G_N1/_<A0!ZS1110!R?Q
M&_Y'#P#_`-AZ7_TV7]=97)_$;_D</`/_`&'I?_39?UUE`!1110`4444`%%%%
M`!7SY^UU\0/A9K_B@>!OB1\.+KQSI-AIT6N:KJ$NB6]_IWABWDEDCAN9B[B9
M,O!*?,MXY#$(B\AC7#'Z#KY/_;2DU.^_:%TZWTCXM_&_PF;3PWYM_H7PY\':
M9K$R(]RXBNYY[O3;PHK^7,@A4@N8<JIVOG.H]5\_P3>OS73\KLT@O=D^R7XR
M2_)O?KW=D^TU;XJKXA_8+T+Q#\-?%47@@^)=/TNU\,:QKEI-XC%J]Y/!;VHE
M7SB\Y=I43S&D8*7#L652#PW_``3<UOQ.?'7CRP\=:QKWBGQ-=1VVIVFN2^(G
MU+2[O3?,GM42&#R;6.VF6YM;MI!'91`B6,;Y0@(]._9^^!_A'QE^P]X&\$ZS
M/9?$OPF=`L(C=:E8JL>LK$L<D<\D)4!'+HC[=J[6'1<8'4_!7]E?X;_LXW&H
M2^`O!'AOPC+JJ1QW;Z78I;-<JC.R*Q4<A6D<@>KL>YKKDE"M4ZWNM==-+;V:
M=UJ^JTLMS*7+.E%+=-/LNGWJU[)[.S3T.^HHHK`84444`%%%%`!1110`4444
M`%%%%`!1110`4444`%?-G_!3>;1-`^%W@SQ-X@?XA_V=X3\4I?F+P9',FHSN
M]C>VJJUW'+"MC"#<;GN)I$B4+M=@'R/I.O$/V[;CQU_PKOP_9^`/$&F>']6U
M#6?+N#<ZU#I$UY`EE=3&.">6WN%#J\<<K+Y1S%#,,@9-9U).*NNC7Y_UZ;F]
M"_,TNJE_Z2[_`'K_`(=;F7_P3:\<+\4O@)<^*+-[^30]:U:Y_LJ2^\<S^+;F
M6"%O(+O<2`I'NDB<B.&26/:5<.2Y`^@Z^?/^"=W@_6/"'PVUS_A*VT"Y\<ZE
MJ$-]XBO=+UNWU*/4;F2T@83E8+6VC@5HRA2,1DF/8Q=RV3]!UU5U:=O)>?1?
MULO1;'%0;<$WU^7]?>_5[A1116)L%%%%`!1110`5\9_\%6OV>_''Q4_LO7?!
M'P?^&_Q#U#1]%OH%U/4]/M]0\06$K`-%;VD-S-;P"!W56D=IW8;,+!(2,?9E
M?&'_``5:^+OC_P"&.K^$K?P?JWC;PI9ZW#-;W/B+3]6T*#3-,E!&P-:Z@R2W
M=PQ/RQI-"FU22^<*V<W[T=+N^GK9[[?FK[=;&M)VN^EM?O7]?B?1_P"RMX/L
M/`'[.WA'1=,.N&RT[3TA0ZQIJ:;?$@G=YMO'#"D3;L_*D2+C!`P03Z!7$_LW
M1:I;_`?PI'K>H^)M7U9-.B%U?>(8K.+4[N3',LZ6?^CJ[=<1?+@BNVKIKO\`
M>2OW9RT%^[CZ(****R-0HHHH`*\J_;A-L?V3/'<=YX7TSQG:W&FM!)HVHZ9+
MJ=G>!V5/WUM$K23QKNWM&@W,$(&"0:]5KG/B[X)N_B1\,M<T&Q\2ZWX.O-6M
M'MH=;TAH5O\`3&88$L)F1XPX/3<C"LZT6X-)7+INTT[VU/ES_@G-IGAGP3\8
M?$FA^&](T2Y@ET2&];7+'X>W_A"16$Q1K1TN1MF7.UT*'*C(;/#'DOVPO%;>
M$?VDM<TQO@SX?\'Z1XTEM]&UCXF^(+*ZU&PU*SEBC:X<I9%(X(@((H9&O+NV
M:0Q1#RYHT6O8OV'OV+M:_90\?^.+W7-3\/>,KGQ3)!+#XF<7G]OF&*&*);.X
M:ZEN9)(PR23[A<!?-N)2L*!N/(?VN?V$/BC\1?VGH_$&C^,-.N-%\6:E=6T;
M74&K3GP@O]FQM#=A8[Y+97@FLW$+B%"KZ@Y)8D[NJ#3JTG?1+5[=;N/1[.W9
MI-N]TWBXVA42Z[>7N[];ZJ_6S:2LEIZ?_P`%2O%/AO0O@WX?L_%/Q0\8_"O1
MK[49IYM0\/75E:-J:VMC<W36,SW/6.582`D;*TC!4)V,P/3?\$\_$'A2^^#V
MJZ-X+\31>+-`\*:M_9D%];6.EV=F,VEM<>7`NG(D)11<`$E=_F"0'(`-<E_P
M5;\&:?XG^"WAN?7_`!/IWA7PSHNL&[U;4-6L;^?2($^R7$:2WDEG<0/;Q1RR
M)()I'\I7C0MC@CO?V!?%.H^+?V=]/N+_`%;2?$:0.+>UUS3?#USHEKKT*0QJ
M+Q(YY':596#,)U(CD!!3*X9HP]K5?E]^FOW*UM-[J^H56_W2]?\`AM]>NNO9
M[)GM5%%%06%%%%`!1110!\6?M^_\%#YO@Q\6Y_A;IFE_!7QIJNHZ?!=2^'_%
M'BPZ2\=O*VTS7C3VS6L4.0Q4&1I9`C;(G((KV_\`:'^&6K_%O]G;0M.\.V.C
M7D$-QIU[>:%::H]GI^LV,95I;&.YC08B9<%<J$D"*C!4=B/)_P!K_P"*.MZ!
M\7O$MO-KR^$VT?2+>Y\+6G_"#_VZOC"X9)2\3RF-V?$JI'Y$#Q2J#O+8D7'8
M?MO0R>)/V8?"LNNZ7\/X'FU337U#1?%VJP:=IDTCQLOV07$D4JK()74)M7+%
M,`\UDG^YO:[YX_\`I6B[-+JM7WLI)%R_B);+EEI_VZKZZ--]'IW3=KES]B'P
MI)X!\0_$+1AI-MX-LXKRRN;3P?;ZA)?QZ!');8WARHAC\]HV;R8"R+LW$[Y&
M%?0%?-W_``3F^`'B;X&>%-:;Q'X3\!>$9=7M]-_<^%KB.XM]0N(K8I<7;.EM
M!CS'(*IA@JC`(!Q7TC7355I6O>UE^']?Y+8PI.\;^OYA11169H%%%%`!1110
M!\.^&_CA\-;K]I!)X/@5KEKX];Q)%$+HZ!JB62W<VK3V$]Z)#:"U$J6JBZ,^
M076;;YG5CT?_``5?LO'FLZ#X9L/"&@^--0T^=;F35-5T^31)-)T!4"%+BZMM
M0&^YDR3L2.2%<"0M*OR@\)_PO2X\*?M%^%/@SJOB#Q!:6FJ>/9M=TNXD\"ZV
MNMZ@%U"2[:`S;3`+4._E/>$^4;<[2J[@U=/_`,%AO`O@OQ5X;\+7/BOP]XRU
MB\@2\M]'DT'5],,HN)44&./2M09XK^Y95)CV6TLL>UBC1DY.4O\`=X-+[3MO
M:W+&RTVL[JU[];[&E-OZQ*+_`)5YO=Z^=TN;:VK5M&E[K^P7XI3QE^R/X*OX
M_%.L^-0UH\)UO55TY;K4&CFDC9V&G%K0*"I"B(D!54$ELFO7J\S_`&-]6\1:
MW^S%X-N/%6C:OX?ULV`273M5LH+*^M(U9EB6>*">>-)/*";MLA!))VH3L7TR
MNS%?QI^K_,Y,*_W4?1!1116!N%%%%`!7EW[;>OP^%_V1/B/J-QH>G>)H+/0+
MN632;^`7%MJ2B,Y@DC+*'5Q\N"R@YZBO4:\O_;7\'S?$']D7XD:)!IK:Q-JG
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MBBBI*"BBB@`KRS]KOXU^&?@M\,[9_%/A/5?'%CXBO1I2:)86%O>R7A\F6XD+
M1W$D<11(()I&#-DA-JAW94;U.O#?V^KFY7X5Z#;6'C_QG\/]4O?$5I':3^%-
M`M=;UC5&"R2/:6\%S:W,:L8DDD\TQ?NQ"6)"ALYU4VDEU:7?=I;=?1:]M36E
M:[;Z)OMLF]_Z7=I:E?\`X)_>(_`>K_#36;3P#X'U7X;:?I^H1O/X=NY(_)L3
M<6D%W"T$4,TL$$<D$\4ABB*A79]RAMQ/@?@3QE\0[_\`;%\*ZYXQ^(ES\1?`
M5Q=;]/M?#UW/X?ATR34+EH=*>YTT1Q^?#&MK>HYFN[K?(P?R(@B8]N_X)[^&
M4T#3OB)._CWX@>.M0U/Q&D]]_P`)KHUMI.M:7,+"TC\F6*VM;6%E9$219$A`
M99!\SD9KK_#'[!_P8\%?$"#Q7I'PQ\%Z=XEMKG[7%J4&F1I<QS9=O,#@9#9D
M<Y]7;U-=4GRUX5%LE&_7=*]KVUM>TE:SLUH<ZO[&4%N[^E]5]U^COYNZN>LT
M445B6%%%%`!7DW_-]/\`W(G_`+D*]9KR;_F^G_N1/_<A0!ZS1110!R?Q&_Y'
M#P#_`-AZ7_TV7]=97)_$;_D</`/_`&'I?_39?UUE`!1110`4444`%%%%`!7S
M+^UM^QCXD_:*^-]MXDLM5M-+L=`T*.*QM8Y)+1=?N?/E:6TU&>`I=?9MAB\K
MRI`J/),SI*-J'Z:KY2_;2O/%&J?'S3=.\,_%'XZ:#%9^'Q=:GX=^'&@Z#>R0
M*]PZQ7]Q-J=G/A6$<\8BC)=_)RJ_*V<JC5U\_E[KUU_X/=Z7-8-\LNUE?_P*
M/Z^E]EJT>W?LI^"M9^&_[-7@7P_XALM.T[7-%T2ULKVTL"AM;:6.)5:.(HJ*
M44C`(500!P.E=_7DG[!NMW/B']COX=W=SJ6LZVTFC0K'JNK!5O\`5XE&V.\F
M5?N23(%E*'!0R;2%(*CUNNO$)^UE?>[[]_/7[]3"#]U6_K]/N"BBBL2@HHHH
M`****`"BBB@`HHHH`****`"BBB@`HHHH`*^:?^"H=M:77P<\+K<Z%KNKRGQ&
MJ076F7FK6AT8M8WB/<2OID4MR8VB:2#"IM+7*;B!7TM7D?[8_P`*-=^+G@/1
M+31[&WUZRTW6HK[6?#T^H-81>)+)8ID:T:8`@8DDBF"N-DAMPC$*Q(SJQYH\
MOFOS5S:A/E;?E+_TEV^_[GUT.7_X)MZ?X+_X4*FJ^#]-\>:1+K8M;C5['Q;)
MJDM_872V4$0MM]^JR.D4:1Q@H-GR''.:^A*\<_8U^$6M_"3PUXFBU'28/"VD
M:OK'VS0_#,.I-J$?AZU%M!$T(D/R+OFCEE\N+]VGFX!))->QUU5Y\T^9=4O.
MVBT^6QRTX\L>7M_7]=.V@4445B:!1110`4444`%?*G[:OBG2OA[^T)H&MQWG
MA^_\0/X<GT]M'UGPCJFN1):27"-]IBDL893"2Z%'1UQ*`G*[/F^JZ^'O^"HO
MQ9\(_LY?$^R\:>)Y/BJ7?PK<06Z>&M9F\-:8H@E:9OM6IFXA@\URRI%;?/,[
M$E$;+8SDFZD$N[_&$E^.WDFWI:ZUA%RC)+5Z:?\`;T?RW7FDM=G],_L?^%+'
MP-^S+X,TC3;Z;4;&QTY8XIY-,FTL,-Q.U+68"2"-22J1L,HBJ,G&3Z17'?L^
M6&HZ;\%/#,.K>6-1%BC3[-=GUU06^;`O9TCEN!@C]XZ*3Z`8KL:Z:W\25^[.
M:B[TXOR04445D:!1110`5XO_`,%"Y;J']C[Q@]B=06]069MS8QQ270D^VP;3
M$LO[MI-V-HD^4G`/&:]HKBOVC]8O_#_P(\5WVE^*]!\#:C::=++;Z_K5F+S3
M])<#(FFA,D?F(O\`=WKG]#E6^!ETU>21X7^P9\(=9\'?$36-3UP?&229;*YC
MMY/&FGZ':P+]JOWO)Q$=.<LS&5R<2#:J@!<=*^9OVM/&GA:]_;$\=^#(?B)X
MKT6[\0WM[I=SI\NM^%M.TM)+K3M,^V"1KL->10M!';!)-CNSB41KCD^\?\$Q
M_'&M^+?BG\0QXI\<2?$[6BML]MKVF>*O[6T:VM!%$IM6MHX;:"SO&G\^9HUM
MA((Y$1I9!&IKQ_\`;W^.&A:'^V%-H_B;X^_!^?P]:ZM9?;_A]:^--/\`!_B>
MVB,*L899'83W<LKM&ZYN[-!&P4I)G<>JFG&O12ZJVG]Z2;OUWO?1:]>^,DN2
MK/JGS>=U"VG2]M$[O3UT^K?V\+?75\&^%KC1/A9'\6SIU]/='27BAG2WN([&
M=K.X,<]Q#$RK=B`$MN90Q90&`9=?]BFRU&R\&>)OM7P[F^&&FS:\TVEZ+*L<
M3"%K2V,LOE13S0Q!KDW&%C*J0`Q7<S,WLL9'EK@$#''.:6H@^5R\]/Q3OZZ6
M]/D'+=1\O\OR73U?<****DL****`"BBB@#XJ_:K_`&7SJGQP^('Q"\71_`K2
M?!RPV*P:O\0]+>Z6-(K;$I69;R!8HPV<AUR2"<D8QZY^U9\0-0^'/[-'AR30
MKB*'3M2N++3KZ^TCPY+K26UC)"VZ6WM$67*DJBJ72155P6#`5\G_`/!3K7/A
M./VQM->[N-8TKXGV$VD1:?J-QX@T4:8MS"[:E;(]KJDP:VML6NZ>YLQ`\F$B
M+R,0E?8/[2GA#QM\7_V>-"M/#IL-4U&]N=/NM9M[#Q#/HD&JV@`>>&&]A226
M..1MO*\M'E=PW$UDH7P]HNWOI>5K[]VM[Z:+^:YI-J-1-[\LFON5K7TO?;HV
MEJM4><_\$I;+PQI?P\\0Q>%?#OCC0[:]-AJFHOXC@N;)I-0N+;?<116CVUK;
M6XB8`-]D@CB=V9MH8FOJZO$_V-?AIXS^&4/BNV\1Z3!X<T*[O(9]#T>/Q3<^
M(_L`\K$^VXN(HW1&<!A%RJG<1@-@>V5U5I*4KI6VT[:;+R6R\CGI)J-GW?YL
M****R-`HHHH`****`/S:\'>#KKX=?\%$C%;^&/&_P:M/%?B^?4-1UKQ#XFUK
M58?&+),OE1(T4RZ=$ER6"0027,SH@VFU3A:]1_X*G^(/AYI?Q"\%?\)I:_!A
M;^QTN]N]/O?'>A+?2(C75E;R16DGVVV9"3-&SJ`P*1EB1M`;R[P7X;N->_X*
M!Q:KKGB_P%:V6F>,)1I&A>'OCS?"6XS.562^L)0YN)\[C]BC,,*D^65DVAJ_
M1C5_#6FZ^T9O]/L;XQ9"&X@64IGKC<#BE3C^XI/M?_TE)>G1M;:625W8JM^W
MJ)=;:_\`;S;]>J3WUU;LF^(_91TK2]$^`/AZUT6\\#7^F1)*(9_!\7E:+)F9
MR?LZ^;+@`DAOWC?,&Z=!Z)45AI]OI5HEO:P0VT$?"1Q($1><\`<#FI:TJ2YI
M.7<F$;)(****@H****`"N2^/49F^"WBE!IUEJY;39Q]BN]'EUF"Z^0_NWLXB
M'N%/0QJ06Z"NMKAOVFK+Q#J?[/'C:V\)ZG;:+XEN-%NH]-OY[L6<=G.8F"2&
M8JXB"GG?M;;C.#C%9U?@?H72?OKU/F?]@S0=,LOVH=0O)M+T'P1K<OAB6&WT
M+1/A;J'@F#5;<74)ENYGN79;IH7,2(%"F(7,IRWF_+]HU\2?\$]/B%#XI_::
MUC3O"D5I#X4TSP[)%K!TOQOJ?C/3;C4!<0>0_P!MN+=;>.X$?VG>L<QDD#*S
MJ=BL/MNNF;O3A;L__2I?GON][Z;+G@_?GZK_`-)C_P`-_GNRBBBLC4****`"
MBBB@`KQW]M7]GK5OVFOA[H7AC3=2&B6S:Y#=:EJEO'$=3TZW2*;][9/*C+'/
MYIB4OC=Y+S!2&*D>Q5XC^WGJ>K6?PJT2UT'Q[XW\!ZWJFOVMK:-X1TJPU+6-
M:^61Y;&!+Z&:!"T*2R>8Z@((=Q.T,#$[:75]5^:_K37MJ:4VU>W:7Y._X=7H
MMW97*W[#/P!\3_L]6'CK3/$5MH:07VN1W&G7>GW,UP^JPK96T+74[3EIQ,[Q
MME))9=@`59"@4#W>OF7_`()V:GK;ZS\4M.UGQ-\5O%LVGZU:&6Z^(%KIUIJF
MG3O80%K(16$4-N8U013"2*,(_P!IP&=E<CZ:K>K?2[OI'\E_6FG;2QC&VME;
M^OZ\^^MPHHHK,H****`"O)O^;Z?^Y$_]R%>LUY-_S?3_`-R)_P"Y"@#UFBBB
M@#D_B-_R.'@'_L/2_P#ILOZZRN3^(W_(X>`?^P]+_P"FR_KK*`"BBB@`HHHH
M`****`"O./BM^S%HOQ4\8Q^(1J_BOPSKIL1I=S?:!JKV$M_:*[2+!-C(=4=Y
M"C8#H9)-K+O;/H]%)I/?^OZ6GH-2:NEU_P"'_-)^JN9/@+P+I/PQ\$Z3X<T*
MSCT_1=#M([&RMD)800QJ%1<DDG``Y))/4DFM:BBJE)MMO5LE*RL@HHHI#"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
M`"OF?]L?Q]KWAOXSZ-IMY\0M?^''@&_T"X:6\L_#%MK%OJ-^)T46\CRVLXB(
MA9B$;'F[OEYC;/TQ7R#_`,%#/BMXD^%?Q8T&?0/B'/X6AGM+&2\LQX2U?7XQ
MY>J1F'(L94V&[D86FTJS2A]HX!K.2O4IQ[MK[XRZ;NVZ2ZI/H6E[DFNB7_I2
MZ]+[>FBU:/:_V);75++]E'P-'K5D+#5/[-5KB(:3%I&69F._[)&B+;[P0_E;
M04W8;Y@37J=>?_LLZ=K^E_`'PW'XHN=1O-?>!YKV6^MVMYR\DKO@QM+*T8`8
M`(TC,J@`D$$#T"NBJ_??J_ZZ?DC"D_<7H%%%%9F@4444`%>3_MSW>GZ?^R7X
MXN=5LIK^QMK`321QZC+IWEE9$996N8OWD"1L!(\B\HJ,W:O6*\L_;:C\_P#9
M3\;Q?VY<>'/.TXQ?;H+:YN95W.J^6L=LZ3NTF?+`B=7/F?*0<&LJ_P##EZ%T
MOC5^YXK_`,$[O"</P=^+GBOP9%XDL_%XGTX>(VO](\5:EJUA!)=WDSRI+!=S
MSB&>20M*)5DS*#)\J!?FX7]K'XG>-K#]IW6-;\.ZU\3$O?AR;I9;"+3--M]/
ML]'E@T^2::":?3Y3<S3RE8X(#(6D>&<>9&%('8_\$D-,G\">#-=\)Z+:Z3'X
M%T6[N19_V?X*U#P]%IMW]I=9M/#WMQ(\_P!G8/'\BLJ%"GF97:#X]?MJ^.O`
M'Q4\>1V%Q/:1>"[V*WTCPPOP\UC4V\61"V@GD?\`M*%?)A:5Y7AC*!EB:+<^
M_)1>N*O6I]=+ZZ?:6ZUVNHM*_-%N2[K"3:51O37\;:Z^>LM;6?NO:S^Q8SE%
M//([\&EI$8NBL002,X/:EK)EQ>B"BBBD,****`"BBB@#X^_;*\%>(=1^*?BS
M4KW2_B=<0PZ-`_@V\\*26L>GVUTL<OFF^\Q@I82>62;L-;^7MQR)!7U3\.KR
MYU'X?:%<7D^GW-Y/I]O)/-8,'M97,2EFB(X,9.2I'!!%?%7[9?A;XB^)?VO[
MRXATSXP:W\-8+6UL=4TSPEXB-C;2P26TIGG9O[4M_*F1_*'E^1M=-Y+$L"GV
MK\/+*RTWP!H5MID$MKIMOI]O':PR2"1X8A&H168,P8A0`2&(..IZTJ#_`'4O
M5?+XK_?IJKWMKJA5OXL;=G^/+;[K/1[7NM)&Q1113&%%%%`!1110`4444`?-
M7PM_9=^+?P^^,_\`;-YXU^'VN>&S=SG[+=^';Q]16"2_FN@PG-X4^T)'*L*R
M>7M"Q)\N!BOI6BBA.T5#HK_CJ*VKEWM^&@4444#"BBB@`HHHH`*S/&O@G1OB
M3X0U/P_XATK3]<T+6K:2RU#3[^W2XM;V"12KQ21N"KHRD@J000:TZ*32:LQJ
M33NCRWX%?LA^%?V;/%6JW_@ZZ\2:=INL0QQ3Z)/JDM]IT31JB1/"MQOD@$<:
M>6L44BPJI(\O(4CU*BBJ<F]R5%+8****0PHHHH`****`"N2^,/P7T;XW:!96
M6K/J5I/I5ZFI:;J&G7;VE[IETBN@FAE7E6V22(0<JR2.K!E8@];12:&FUM_5
M]']YQ_P<^".D?!/3-3BTZXU;4K[7+S^T-4U/5+QKN]U&?RTB#R.>/ECCC154
M*JJ@``KL***IMO\`KML2D%%%%(84444`%>3?\WT_]R)_[D*]9KR;_F^G_N1/
M_<A0!ZS1110!R?Q&_P"1P\`_]AZ7_P!-E_765R?Q&_Y'#P#_`-AZ7_TV7]=9
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`%%%%`!1110`5\0_\`!3?05\2?'/P@LWPH
M\+?$NTTVQMY9H;S2M.O;N?S=1BC6W$EU?6[6X(#-$R))OGV#C;M;[>KXJ_X*
M1V?A3Q-\>/#&D:AJ^@>&M<CT9=4.I:[\2;SPA9R1V]ZDEM"BVQW7$PN%,FXC
M$00'YBP6LI.U6DWT;_\`297];+6W6W79VE^[GZ+_`-*C^>WSZ;KZA_9XOO#^
MH_!?P_+X6T3_`(1O0!`8[32\0`V`5V5HB())(@58,"%=@#GG.:[2O*_V(]5T
M#6_V5/!5WX8M[BUT6XLF>&.;4VU-P_FOYI^U,2;@&7>1*3\X(;C.*]4KHJI\
M[OW,*+O"+\D%%%%0:!1110`5YA^VA93ZC^RSXW@M_#UGXIEDTUA_9MUIS:E%
M.NY=S&U0AKC8N9!$IW.4"CDBO3ZY'X]?#6[^,'P?U_PU8:LVAWVJVWEV][Y1
ME2"0,&7>@9"\9*A70,I9&8;AG-15C>+1=-VDF?-/_!.+X9^$_A=\7/%=EX!B
MTC7O#,^E0W,_B*V\(QZ#+%>O<2%[)GBCBBG!&)"`F^,@[V8R+CQ']OBSU"']
MM:>/5[^T@T::^L9]*T'PC\5-=M/%?B.0(FX3Z?:PSF&WWC'EVT2;@A9YMK,H
M^WOA!\-?'D'Q6U/Q?XYU;PT9Y])AT>VTW0(;A+;:DTDIN)6F8EG)?:JA0$!?
MYGW<9WQ)_8.^'OQ!^([^-;2TU/PAXVFO8=2GUSPY>M83WUS#$8HIKJ'YK>\=
M(SL4W,4NU>!@5M&352E-_9W[VYOETU7RO>5V8M7A5C_-MVORKU>]TWZM:61[
M)&28U)!&1T/)I:`"``221WHJ64EH%%%%(84444`%%%%`'YW?\%"]%\+^*/VJ
MM0E\5:9\1EN["W@M--/AWPW=76EWL`LI;L/J:PV4T>IQ&ZB6V%M<.T<?GEU1
M7_>5]Y_"K4[O6OA?X;O-0M(["_N]+M9KFV2$PK;R-"I:,(>4"L2-IY&,5O44
M4_=@X=W?TWO]]U?T0JBYIJ?96]=K?=;3U?4****!A1110`4444`%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`5Y-_S?3_W(G_N0KUFO)O\`F^G_`+D3_P!R%`'K-%%%`'$?&V+7[>+P
MUJ?AS0O^$COM&U8W3V7VV.SWQM9W4!;S).!@S*<8)/YD<[_PM[XI?]$>_P#+
MKM/_`(FO6:*`/)O^%O?%+_HCW_EUVG_Q-'_"WOBE_P!$>_\`+KM/_B:]9HH`
M\F_X6]\4O^B/?^77:?\`Q-'_``M[XI?]$>_\NNT_^)KUFB@#R;_A;WQ2_P"B
M/?\`EUVG_P`31_PM[XI?]$>_\NNT_P#B:]9HH`\F_P"%O?%+_HCW_EUVG_Q-
M'_"WOBE_T1[_`,NNT_\`B:]9HH`\F_X6]\4O^B/?^77:?_$T?\+>^*7_`$1[
M_P`NNT_^)KUFB@#R;_A;WQ2_Z(]_Y==I_P#$T?\`"WOBE_T1[_RZ[3_XFO6:
M*`/)O^%O?%+_`*(]_P"77:?_`!-'_"WOBE_T1[_RZ[3_`.)KUFB@#R;_`(6]
M\4O^B/?^77:?_$T?\+>^*7_1'O\`RZ[3_P")KUFB@#R;_A;WQ2_Z(]_Y==I_
M\31_PM[XI?\`1'O_`"Z[3_XFO6:*`/)O^%O?%+_HCW_EUVG_`,31_P`+>^*7
M_1'O_+KM/_B:]9HH`\F_X6]\4O\`HCW_`)==I_\`$T?\+>^*7_1'O_+KM/\`
MXFO6:*`/)O\`A;WQ2_Z(]_Y==I_\31_PM[XI?]$>_P#+KM/_`(FO6:*`/)O^
M%O?%+_HCW_EUVG_Q-'_"WOBE_P!$>_\`+KM/_B:]9HH`\F_X6]\4O^B/?^77
M:?\`Q-'_``M[XI?]$>_\NNT_^)KUFB@#R;_A;WQ2_P"B/?\`EUVG_P`31_PM
M[XI?]$>_\NNT_P#B:]9HH`\F_P"%O?%+_HCW_EUVG_Q-'_"WOBE_T1[_`,NN
MT_\`B:]9HH`\F_X6]\4O^B/?^77:?_$T?\+>^*7_`$1[_P`NNT_^)KUFB@#R
M;_A;WQ2_Z(]_Y==I_P#$T?\`"WOBE_T1[_RZ[3_XFO6:*`/)O^%O?%+_`*(]
M_P"77:?_`!-4=6\;_$#7Y$>_^!MA>O&-JM/XDL9"H]!N0XKV>B@+GD5G\4?B
M9IUK'!;_``9BMX(AM2./Q39HB#T`"X%2?\+>^*7_`$1[_P`NNT_^)KUFBAL$
M>3?\+>^*7_1'O_+KM/\`XFC_`(6]\4O^B/?^77:?_$UZS10!Y-_PM[XI?]$>
M_P#+KM/_`(FC_A;WQ2_Z(]_Y==I_\37K-%`'DW_"WOBE_P!$>_\`+KM/_B:/
M^%O?%+_HCW_EUVG_`,37K-%`'DW_``M[XI?]$>_\NNT_^)H_X6]\4O\`HCW_
M`)==I_\`$UZS10!Y-_PM[XI?]$>_\NNT_P#B:/\`A;WQ2_Z(]_Y==I_\37K-
M%`'DW_"WOBE_T1[_`,NNT_\`B:/^%O?%+_HCW_EUVG_Q->LT4`>3?\+>^*7_
M`$1[_P`NNT_^)H_X6]\4O^B/?^77:?\`Q->LT4`>3?\`"WOBE_T1[_RZ[3_X
MFC_A;WQ2_P"B/?\`EUVG_P`37K-%`'DW_"WOBE_T1[_RZ[3_`.)H_P"%O?%+
M_HCW_EUVG_Q->LT4`>3?\+>^*7_1'O\`RZ[3_P")H_X6]\4O^B/?^77:?_$U
MZS10!Y-_PM[XI?\`1'O_`"Z[3_XFC_A;WQ2_Z(]_Y==I_P#$UZS10!Y-_P`+
M>^*7_1'O_+KM/_B:/^%O?%+_`*(]_P"77:?_`!->LT4`>3?\+>^*7_1'O_+K
MM/\`XFC_`(6]\4O^B/?^77:?_$UZS10!Y-_PM[XI?]$>_P#+KM/_`(FC_A;W
MQ2_Z(]_Y==I_\37K-%`'DW_"WOBE_P!$>_\`+KM/_B:/^%O?%+_HCW_EUVG_
M`,37K-%`'DW_``M[XI?]$>_\NNT_^)H_X6]\4O\`HCW_`)==I_\`$UZS10!Y
M-_PM[XI?]$>_\NNT_P#B:/\`A;WQ2_Z(]_Y==I_\37K-%`'DW_"WOBE_T1[_
M`,NNT_\`B:/^%O?%+_HCW_EUVG_Q->LT4`>3?\+>^*7_`$1[_P`NNT_^)H_X
M6]\4O^B/?^77:?\`Q->LT4`>3?\`"WOBE_T1[_RZ[3_XFC_A;WQ2_P"B/?\`
MEUVG_P`37K-%`'DW_"WOBE_T1[_RZ[3_`.)H_P"%O?%+_HCW_EUVG_Q->LT4
M`>3?\+>^*7_1'O\`RZ[3_P")H_X6]\4O^B/?^77:?_$UZS10!Y-_PM[XI?\`
M1'O_`"Z[3_XFC_A;WQ2_Z(]_Y==I_P#$UZS10!Y-_P`+>^*7_1'O_+KM/_B:
M/^%O?%+_`*(]_P"77:?_`!->LT4`>3?\+>^*7_1'O_+KM/\`XFC_`(6]\4O^
MB/?^77:?_$UZS10!Y-_PM[XI?]$>_P#+KM/_`(FC_A;WQ2_Z(]_Y==I_\37K
M-%`'DW_"WOBE_P!$>_\`+KM/_B:J?#32O&GB?]I&;Q;XC\(?\(M8IX:.D(O]
=JP7WF2"Z64',>",@M_#CY>O(%>R44`%%%%`'_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>83
<FILENAME>q1-2013fscover.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 q1-2013fscover.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X0!F17AI9@``34T`*@````@`!`$:``4`
M```!````/@$;``4````!````1@$H``,````!``(```$Q``(````0````3@``
M``````!@`````0```&`````!4&%I;G0N3D54('8U+C`P`/_;`$,``@$!`@$!
M`@("`@("`@(#!0,#`P,#!@0$`P4'!@<'!P8'!P@)"PD("`H(!P<*#0H*"PP,
M#`P'"0X/#0P."PP,#/_;`$,!`@("`P,#!@,#!@P(!P@,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#/_``!$(`I,!
M_`,!(@`"$0$#$0'_Q``?```!!0$!`0$!`0```````````0(#!`4&!P@)"@O_
MQ`"U$``"`0,#`@0#!04$!````7T!`@,`!!$%$B$Q008346$'(G$4,H&1H0@C
M0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I*C0U-C<X.3I#1$5&1TA)2E-45597
M6%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJ
MLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:X>+CY.7FY^CIZO'R\_3U]O?X
M^?K_Q``?`0`#`0$!`0$!`0$!`````````0(#!`4&!P@)"@O_Q`"U$0`"`0($
M!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R@0@40I&AL<$)(S-2\!5B
M<M$*%B0TX27Q%Q@9&B8G*"DJ-38W.#DZ0T1%1D=(24I35%565UA96F-D969G
M:&EJ<W1U=G=X>7J"@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>X
MN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR\_3U]O?X^?K_V@`,`P$`
M`A$#$0`_`/W\HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
M*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH
M`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBDD8I&Q`!(&1F@!:*^;O
MV%_^"BUA^W!XG\2Z98>%K_P^?#,$4L\EQ=),)&D=U"*%4=-A.3^5?2-3&2:N
MBI1:=F%%#$@$@9(KYINO^"CEC!^W0/@8OA6^?56N5A&IB\06^TV7VO?LV[LX
M^7&>HSGM1*26X1BWL?2U%?.GCO\`;^C^%6U/$?A2:"6Y.KP6:V-_]I^TW-@\
M,8@R8TVM-)+M0G(R!GK@>_>&M:7Q'X=L-01#&E];I<!"<E0RAL9[XS0I)["<
M6B[1115""BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HKQ']NOXI>
M(?A)\.=(U+P]J#Z=<3:D+:5A$D@=#%(V"'4]U'2LSPDGQ(_:,\%:;J-IXG;P
M9HKVR)'+%:K+?:FX4!YW.5$:,P8JJD<<^E>15S>$<1+"0A*4XI.RMJGYMJUN
MM_E<ZHX5NFJLI))^O^7Y'T#17R'K?Q:^(G[(_P`6M-T_Q7KDOBGPSJ1W":9?
MG,>X!V4GYE=,@E2Q4@CUR/I3XI_%/3OA/\.;[Q%J#%[6TBW(B$;IW8X1%SW9
MB![=>U/!YO2K*ISIP=/XE*VFE[Z-JWS"MA90<;:J6S74ZBBOG+X*Q>/_`-IS
M3Y?$^L>)]1\+Z!<2,EA8:/LADD56(+F1@3@'CG.2#]T8RWXL^+O&G[(VJ:7J
MLFN:AXQ\'WUP+:X@U$(UW;/@M\LJ@$Y4'&1C*D'J",GG<506*E3DJ;^UIMWM
M>]OE?R*^IOG]ES+F[:[]KVM<^CZ*\`_:Z^*'B;P]\)=%\9>"M:DMM-N-OVC9
M!'()(IE!CD^=3MP0!Q_?KU;X+^.U^)7PJT'6MP:34+)'EQVE`VR#CT<,/PKK
MHYC3J8F6%2=TE*^EFGU1E+#RC357HW;T:[G4T5\U?MR_M(:_\*-?T32?#5^;
M*Z:)[R]81))^[+!(U.X'`)#^_`KZ`\$>*(/&?@S2]7MFS!J5I'=)WP'4-CZC
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MB611NC:-P6;&00?FP.AU+-)K<E4[IM/8_0BD+J#@D`BO"OVG?VTO"GP<^(6D
M_#NZUC4]*\4>*[.26UO;'3#J0T@$[(Y9HAEB&8/MPK#Y"3@<UQ=A^P+XA^)?
MP:\3^#/B?X]N?',%_>'5/#WB(1/:ZKI$SJ0Z[=Q7RP0I"!@I#,NU0%Q3GK9:
MB4=+O0^JE8,`0<@TC@LA`ZD5\SR?#+XI?"?XL_!:RT'Q#GP=H_AK^R_&GGIY
MMDZV4,>R9`QRDLK.X#`@X4%MP3%>U_`SXV:#^T-\+])\7>&KK[5I&L1&2,D8
M>-E8J\;CLRL""/44U+=,35M3X*_X(.V`M_BE\<"%4BWGL8@W0\S7O\]M?I'7
MYR_\$)#CXE_'@GI]MT__`-&W]=O^UG^W?XY^(W[4-M\"?@;)9VWB%I3#J^OS
MQB5+!E7?*J!@RJ(T^^Y5CN^51N`)PHS4::-9Q<IL^XR,@CIFOS/^PJW_``<+
MG#$"-A)SSDGP^./S:OH;2_V,OC9X!L4U31?VAO$6M>(H%\QK37=.CGTF]8<^
M6T>XO$C=-R$L,Y%?+/[/'Q"OOBU_P6_BUK4M(ET35C!+;ZEI[MO^QW4&D"WG
M16_B02QOM;^)<'O15DWRW5M45227-9]&?J!=>$]+OB#/IUC,59F!>!&P68,Q
MY'4E03ZD`]JO00I;0K'&JHB#"JHP`/04ZBNA*QS7"BBBF`4444`%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!1110`4444`?/'_!2G_DB.E_]AF/_P!$S5[%\'+6.U^$
M7A>*)0B)I%JH`[#R5KQC_@I;<%/@SHT?R@R:RGY"&;_$5[1\&KA;KX0^%94.
M5DTBT8?]^4KYW"-?VQ7_`,,3T*K_`-DAZL^??^"G-NH\,^%)"`7%U<*#W`*(
M2/T'Y4[_`(*%ZI/8_!'PA9;F6.XNE:4`\DI`<#\V-0_\%/;GR]!\)0Y^_<7+
M_DL?_P`57I_[4OP4F^-WP06RTY5;5-.V7MD"0!(ZJ08\G^\I(&>,XKR,?AZE
M>MCZ5%>\XPT[Z7.K#U(PA0E/9.1@_!"'XJ:1\*_#EOING>`3I<>G0&V,MU="
M5T*`AFPA&X@Y..,DU5^.?PK^*_QO\%R:%>V_@.VMGF282PW5T9$*G/&Y,>W3
MH:K_`+)O[3VDZ=X.M?!_BVZ3P]K_`(?46074/W"SQKPOS-@!@,*5)!.,COCT
MOQ[^TQX/\#V.1JUMJU_+Q;Z?ISBZNKE^RJB9QGU.!7?0>#KX%*==J-K-.25M
M+--6OY6,)NM3KWC!7O=:?B9OA?X'W3_LO1>!]=DMI;LZ:]HSQ,7B1\L8V4D`
MG:=AZ?PUYY_P3O\`&TL?A3Q!X/ORT5_X=O&D6)CRB.2'7_@,BL3_`+XKZ)T*
M\FU/1[6XN+<VD\\*/)"3DPL0"5SWP>*^-_VDEU;]G[]J#4;_`,/QE3XUT]XX
ME4D`RS#RVQ_M"4+)]6'K4YI".`E0QM.[C!<CZMQ:T^YI?>&&;K*=&6[U^:_X
M!Z/H_P`-(_VD=`^)WB"9%D;Q)(VFZ*[8PD5IQ&ZGL'F7)QZ5:_8%^)(U3X+W
MNCW\ODW/A.=XY/,X*0-EU)]`#YB^P6O8/A7X&@^'7P\T;0H``FF6B0L1T=L?
M,WXMD_C7R)\5=`UOX:_M/^*/"OA]2D7Q'B2W3DA42YD4N_\`P%A,OL"36.+A
M++Y4,:U>3O&5NKE[R_\`)M/N*I..(C.CLM&OEI^1[M^R;H[^+;SQ-\1+Q&%S
MXOO6%EO'S1V41V1#VSMY]=JFODG]J71+O]D3_@K=X:^,>O6\P\`>)WBMKC4U
MC+PZ?(UE]C99"`=NW"R^ZEL9*G'Z&^$O#EMX/\-6&E6<8BM-.MTMH5'944*/
MT%?"_P#P5T^+]W\/?CA\*+'Q7::K=_!JYG:ZU^TM`?*U65)!^YFP0'5%"N(V
M(#9;KCCZ'#X;V&'C"6ZU;[MN[?WG*ZO/5;6ST^73\#ZX^(/[4OP^^&OPWE\5
MZMXNT&/0TA,L=Q%>1RBZXR%A"DF1FZ!5R3FOC3_@C+\*_$'BCXL?$_XS:KIM
MQI.D>-)IETM)D*FZ$UTUS(ZCNBG8H;H26QT-7_#_`.VM^Q'IE_'=V_A7POIU
MTGS"7_A!SN0_583S]*^J?V>_VR/A=^TFCVG@7Q5IFIW%I%N:P$;VMS%&,#/D
MR*K[1P,A<#UKI34Y)MK0S:<8M)/4Y'X5:Y\3-=_:K\:3:S8^%=`^'MC>C3M+
MG?3V35O$+B%3\LIDYC0[OFVG.S:!PQ'T$HV@`=!7S3^T?\,5^$_[0S_'_6=4
MU/4?#/@;PI>;-%\QY5@OCM1)((^57S8GD1C@8(4G@G'??"#]K;PS\1?`/PUU
M&]O[32]2^)>FF[TVU=CLEGCC1IX%8\%T9R`#RP4X'!K2#2;1G)7LSN/BOING
M:S\-=?M-6N[BPTN[TZXAO+F!BLL$+1L'9"`2&"DX(!->(?\`!.#Q_P"'O%7@
M?Q1I/@WP//X&\&^&=6^PZ3!<V\D-SJ*>4C-=2B3YBSL3R<G"@$YX$GQ7_:ZM
M/'^MZS\.OAWXW\/^%OBS8736J:;XETJ<B=U7(6,Y53O4JRNOF#:0=ISQZ;^S
MCX5\7^#O@WID7C[7?^$A\8S1M<:I<JD<<,<K'/DQ!%51&@PH(`S@L>30]9:`
MEIJ?$/\`P0I<)\2?CSU)-W8''K^]OZX[_@ARC>.?VM_BAXGU(F35I-/=V:0Y
M8-<7?F2GZ[D'YUN_\$$=52]^*7QF`(=KL65P"3DD":Z_^+%9'@)'_P""5O\`
MP4QUB3Q/#-8_#;X@^?#9ZIY;-;PQ2RK-&21GF%QY;CJ%;?C!&>6"=H/HF=$E
MK)'ZCGH>U?G/HVFVNG?\'`MZ+4*OGV!EE"]!(VD(6_$\'ZFOM#Q[^UU\-_A_
MX%?Q#>>,=`N+`Q[K=;.\CNIKYC]V."-"6E=C@!5!)S7YW_LNZGXEU/\`X+7P
MZIXLL&TO7-?AN=0DT]SF33H)M-,D$#_[:0&)6'9@16U:6L4NZ,Z4=WY'ZL44
M45T&`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%
M%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`&=XB\):7X
MN@BBU33K'48H6WHEU;I,J'&,@,#@XJWI^GP:58PVMM#%;V]N@CCCC4(D:@8"
M@#@`#L*FHJ5"*?,EJ.[M8R_$?@C2/%_E?VKIFGZEY&[R_M5LDWE[L9QN!QG`
MZ>E:21+'$$4!548``P`*=10H13<DM6#;M8Y[Q?\`";PUX_=7UO0M*U21!A7N
M+9'=1Z!B,C\ZC\'_``=\+_#^8RZ)H&DZ7*1@R6]LB2$>A8#)_.NEHK-X:DY^
MTY5S=[*_WE*I*W+?00*`<BL_5?"6EZ[?VMU>Z?8WES9/OMY9H%D>`Y!RI(RI
MR`<CT%:-%:2BI*TE<E-K8,`=`!6?=^$]-O\`6[?4Y["RFU"U&V&Y>!6FB'/"
MN1D#D]#W-:%%$HI[H$VM@/`..U?"WA755_X*#_M]?$7PGXRFNI_AU\+2+:U\
M-K.T5MJ=VLWEFXN54@R@,CD*WR@;./O;OND\@CUKY.^*7[$GC7X9?M2WOQD^
M#&HZ+'J^N1^7X@\.ZPSQ6>K`[2S)*@)1V**W(P'R<X)4S43=BZ;6I[0/V.?A
M.NFBS'PU\!_9E&/+.@VI&/\`OBOS_P#VG/V:])_9:_X*G_!P?#*V;15\3WUG
M<R:?;.?+M_\`23%<;1_#$\.[*_=`#XP.!]ER_&SX^W5E]GM_@9HUK?$;?M-U
MXWMVLU/]["1&0CVV@U2_9^_8QUG3_CC=_%SXIZS8>)?B+<6_V2PAL(FCTSP]
M;X(\JW#_`#,<,P+M@_,W&6),5(\R22*A)QNVSZ)EB6>,HZAD88((R"/2O+?B
M=^Q7\-?B]I6@V.M>&XA:>&+J:]TN.PN9M/6RFE<222)Y#IABX#9['D8->J45
MLTGN9)M;'/Z'\+/#WA[Q1-KMMI-BNNW-K%9SZF\0>]N(HQA$>9LNP'N3GO6^
MR!T*D`AA@TM%.P7.;\#?!SPG\,KJ>?PYX9\/Z#-=((YGT_3XK5I5!R`Q11N`
M/K5SQO\`#_0_B7H,NE>(='TS7-,F(+VM_:I<PL1T)5P1GWK8HI66P79YM\._
MV._A9\)O$*ZMX;\`>%='U1#E+NWTZ,3Q?[CD$I_P'%=3_P`*G\,#QPWB8>'M
M#7Q&W75!81"]/[L1_P"NV[_N`+U^Z,=*Z"BA12!MO<****8@HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
M*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH
M`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`
MHHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"B
MBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
M*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH
M`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`
MHHHH`\?_`&S_`(O>(_A9X$\,V/A*;3['Q%XY\4Z=X6M-1OH?/M])%S(3)<F/
M(\QUBCD"(2`TC1@\9KA?%GC#XD?L0:1--K?C34/CA:^*;W3="\*6FNV^G:1K
M#ZU=3M&8IKFQM8+5;'9MDW"V::,1RG]]E5'M?QS^"&A?M"_#R?PWX@6]2U>>
M"]M[JRN&MKS3KJ"59H+F"5>4ECD164\C(P002#XUJ7_!,CP[XR@OM0\8?$'X
MF^-_'4B6J:7XSU2ZTZ#6/#0MKA;F`V$=I9P64)$Z([DVS>=L59O-154*EH_>
M_FN^KY+1O&*>G-=2=W;=:NW*%2[^'M97VYKM\TFM>6W*FE=Z-)+FYEY^/^"H
MOQ"U/]H*W^#FE_!71KCXJVR:M_;%K<^-WM]#L396VFW4<D5Z-.:6>">'4H]K
M_94=9$VM&`2Z\K\?/^"K/COQ]^Q]XQ\8_!_P&MG)H/PYM_%NKZMJFLQ0W?AJ
M>]MYI+:.VM6MIHK^2'RF>42/"@3;M\UB8Q[Y\'O^"<7A#X1?'"R^)9\1>-/$
MWCQ(M334]9UBYM&FUZ2_2PBDFN$@MXHU:.+3K:.)+=(8D4-\A)R.,\4_\$>O
M`VN_"IO!>F^//BGX7\/ZCX6@\(:_!I-_8(?$]E;K(+9KII;.0K+%YKX>V\G>
M#LD$B`(.BFX+DYM7[M][7][F\[/W;=?35&R=/=?COO\`=?MNM;.^C.(\/_\`
M!<OP7K/QSE\))_P@$]I_;FH^%+>%/'UHWBM]3LEG#//H@B\R"RDDMY(TG$SO
MEHV,*HX>HM)_X+)^)['X/Z!XN\3?!>+18?'/@6U\=>&H;/Q3+J2BVDN;"VG_
M`+39+!3910-J$,KRQ)=8MUDD**R^57N_A_\`8!T?PEXFU!])\>_$O2_!^H7-
M]J+>#+34;6#1$O;SS#<7.5MA=MO>:60P/<-;;WW>3D`BI'_P3A\+:9X/\`:7
MH_C#XC>';KX9^"O^$&T+5=*U2&VOX;82V$JW#L(-DDP;3H,JR&"17E22%T?:
M)HN'*_:>7_I,[Z:*_/R6UMR]G<YTGSI+X?\`[:-M>W)S)Z7O??0\:\9_\%L=
M#\'?#;P#>SCX)6NO^/\`^U)K&[U#XP6-IX-FMM/>%)98=;^S,97D:>-8X&M8
MY=P<2)$J,U97Q)_X*V^)_CC^S)XA\;?`_P`*6LWA_0M/TJ35_$5UKEN+O1[N
M],#^5:VGV>:WO5BBE!ED,\:@./*$Q!`]FTG_`()?^'O#!&LZ)\1/B5H7Q(FO
M[W4+WQY9-I"ZUJ3WB6R7*30M8-IWENEE:C:EFH4P*R[7RY9\2?\`@EGX5^(U
MK?68^('Q9T;3/$%M8P^)+2TUFWG_`.$JELBGV:ZO)KJWFN#,HC16,4L:R(JK
M(KJJ@)<NGRO^OK&W6R;EK:,="*BDX-+>S[7O?3R3MTU5NK>_5_M8?$7Q:/B1
M\-/AMX.UQ?"%]\1KK4/MOB)+:"ZN]+M+.U,KBTBG1X6NG=HPIFCDC51(QC?`
M4\OK?Q2^*?[+%]H_@2?4+'XW^+_'>KRV_@R;6[F#PY.+2"S^T7<FK7%G9M"/
M+96"/:V66$L2F,$-)7K/[07[.>E?M":-I"7.JZ]X9UWPU>_VEH7B#0YXH=2T
M6Y,3Q&6(RQRPN&CD=&CFBDB=6(9&XKRRX_X)E>';AEUT_$'XF#XIKJ::K_PL
M?[3IS>(@Z0/;+"(VLSIZVWD2RI]F6S$(,C.$$I,E91NE+_A[ZK:^VVNWE?F=
MM7>Z]/DM][:OR>OFK)7\A?\`X+*>*=;OO'=OX?\`@FEY)\)_#$WB3QDFH>+A
M9/8&TU#4;&]M+4+9RBYE4Z=))"S&*.96^=H"!NZ/Q#_P6'T7PE\>_$WAO5M!
M\/Z3X=\)Z=/JEZ^H^+(['Q1+:1:<;YM0MM'G@07=@5'E":WNI)/-!!A"JS#N
M?`__``2M^''P^T;Q]9Z?J7B\O\3/"4OA+7KF>^AEN+M9KF_NI[[>8?\`C\EF
MU*X=F.8_N!8U"X-OQ]_P35\*?%?Q':_\)7XN^('B?P9:,EQ'X*U.]M+G1%N5
MMOLPG5FMOML8,9/[B.Y6WW$MY())-S:VCV??=M_@E;E6[>DGNUO4=+F3@GRW
MV=KVY86\N9RY[M:+=)I*+\J^-'_!1;XB^'?"MMI&L>#+7X9^*O$::+X@\-W-
MCK,>OQ7FD2Z]I=C=Q7/F6L2V]VL=_&K1J)D`FS'.S*2L9_X*.>._$7PR\6Z?
MX!\'3>*_%7AJS\3ZSJMUK7B"VLGTJQL]8U/3[4VWE6'E74[/8R&."1(E$<0$
MMR[_`#R>D6'_``2R\(W%LW_"1>./B5XTOK6"PT_2+_6KVQ>YT#3[/4+;4([&
MW,-I&K1--9V_F23++<2+&H:8E5(;K_\`P2M\'WNB7=IHOC;XE>$)M8CUBRUF
M\T:]LH[G6[#4[^ZOY[*9I;60+%'/=S&*2$1SQAB!*=S[EBE&6'<*6DGS_BFH
M:[JWN\UGOS.-]+QAYJ,5[75J47IV2CS[[W?-RI]XWMK;@!_P5"\5?"FQ^$,/
MB[PCX3GTWQ_-X=\/)J5UXYM+7Q#K&HZG;0$75KH\5NZM:+--^\+3Q2JJ2NMN
M452_F'A'_@MWK_PB^'&DV/Q/M?@]:>.;J37=9NO[:^)UMX=LY-*M-8N[**"S
M>XL8S=7Q,$D<</EHC)`LDMQ&TFT>ZVG_``1U\!Z;JUE):>-OB5::78:UHOB.
M/2HKC31;OJ.EFU\B>24V1N9%<6<0>%YF@'+1QQL%9=K0_P#@E]HG@C4[B_\`
M"OQ1^+/A#4;JZOS)=Z7=:6)CI]Y=RWLFEYEL9/\`1DN9YY(Y3_I<1G<+<!2`
M-Z\X2;E#1N4GMHH\JY5IUYVVVOL+92M$X<-3J1A!5'\,8K?5R3]YW?>/G\?7
MEO(\R^,W_!3_`,5?$WX83^)?@WX=MY/!.GZ_X3TN_P#%5UJ<<=]$^JW&E7#1
MPZ?);21S0_8M0C225IXW1I?W:.5+C=_X*,?M#>)/AM^UA\'O!]G\0_BSX!\+
M>*="\0ZAJ;_#SP-%XLU>[N+2335MP8#I6IR)"HN)MS+"HR5#./E![KXB_P#!
M,3PG\0==N)H_&OQ,T/1]4U+2-:UC1;'5+>2TU[4=,>U-K>74MQ;RW32E;.!)
M-LZK*J`NK.`X]8\4?L^Z-XL_:%\(_$JYNM437?!>DZGHUE!')&+26&_>U>9I
M%*%RZFSBVE74`,^0V1B6Z=X\J:5Y-WU=N1);6TY[M=E9N[NCMH3Y8VJ:NW;K
M^/S\[VLK,^6/%7[>GB/]G'XA^$O"6FP_$'XQ7OBFP\.PV,WC!K+PO>22ZMJ&
MI1+/<VL>D6TEO)$MLH=&C3]VJCR5D5VEZ_5O^"A_C:Q^#NIZT?AOX%TC7O"N
ML:KHWB<^(OB1%H_AO2)+!4D9DU%[-KB99HY`\9^Q(H"OYIAP-WIGQ:_8:\)?
M&7X_Z-\1]4U'Q';ZYH<NDRP06L\*6CG3;B[G@W*T3.0SWLH?#C(5,;2"6Y+Q
M[_P3#\(^,_B,GBRS\7>//#>O'6-2U:6YTZ73Y#*FH"T%U:@7-I,(HV-E`5EA
M$=S&0=DZY-<Z<I1E?1MSMY:PY+VMI\?-U2M;9)JJXJO%P7N6A==WRR4]^O-R
M6Z;WZL\D\`_\%F]8^*_@W4/&?AWX0K/X!\/:3X:UO6M1O/%2PWL-KK$0?%M;
M):R+/+`6!96FB5T^8/N_=UTOQI_X*)>-5^&'QB\4>&?AQ=2?#CX?0:_IB^+]
M/\4V<.K1ZEI<;B9A8W5G+$MN9XY(4F!N6\Q,O;>7EZZWX3_\$H_AW\'?@;XH
M^'VF:WXVN-$\6:7I.CW,MW>VTEU;V^FQB.V$;B`#=L`#,ZN6QG@Y)E^(G_!+
MSPK\19?'=E)X\^*>C^$?B#_:4^H^%=*U:VMM'2]U"!H;J]51;F9Y'#,_E32R
MVPD/F"$.`PZ5*G[=NWN>]:__`&[:_HN:WFU>ZVRI\UES[WC]RYN;YM\OR3MK
M9/.^)O\`P42UCX/_`+2'A'P9KW@_PK8Z!XU\0Q>%]*NG\=6S^);NYD@,JW:Z
M0D!4V?0%S=+,N<F``KF+P1\</C!\1O\`@E=X*\<^%4/B?XFZ[I&F7=[-';6J
M7+PR7$0OKBW@;R[=KA+8S/%&VV-I%0$$':;UQ_P2J\'2_%9?$Z>-?B+;P0^,
M8?'5OHL5QIZV,&IHQ9V+_8_M4\4F]P8IYY$CW_N1"54KW@_8<\&/^REX=^$$
MMQK\N@^$X[+^R=2%XL6JV-Q9RK+;7:31HJB:.1%8$)M.,%2I*GGA_"]_XN:/
M_@*2OV5[\VSCS*VL>FE-N,VMU96OWO+U=K<F][._Q=?D3Q7^W%\6/`7PT\3V
M_@/QQ)\0=5T?Q+X0T_[-\3M&D\&^+]+&HZPMI<QW5M'H\5O+9S*T4<%U!;X`
M>Y8-*T*!_4/BS_P4V\9_#OXT0_#ZZ\`^!-,USQ=;Z]#X3@;XBPW6KFYTVRGN
M1/J%C#:2"ULY1`VV6.:X=?,A62&-W*)W6M?\$R]"\;>'?$@\5_$;XF^+O&'B
M-=+0>,-0DTJ'5]*33+T7]DEM%;6,5BJQW0\TA[5_,)Q)O``&3X,_X)(>"?!W
MCG0=9/C;XCZE;>&-8U+6=,TJYGTV.R@EU"WNX+M',%E'-.'%Y,P>>626,X"2
M(A9&TJVE1</M-2UVWA%1LU9JTDY?-ZRW>BG!6<5L^NNVKONG=W732SM'9>#V
MW_!=J'X'?"GP/%\2HOAE%XHL_A_HWC'Q@VH_$.TTB]OX[V)W4:/926J-J-T8
MXC+)`!;QH9%C225B,^K:-_P4]\=^,?'6GZ?H'P<T>_T7Q5XOUOP+X8U.?QL8
M&O\`4M.2YF$]S$+%OLUC)#:3$RHT\R2+M%NZD2'L/!__``3`TGX>:'H]AX?^
M+/QDT);+1+3PWJMQI^HZ=;7/B33K0R"S@N9$L@T+P12-$MQ9&VN"@&^5V`:N
MW\-_L.^$_"VM^&+^WU'Q')-X4\::OXZM!+<Q.LE]J<5[%/')^ZRT*K?2E`"'
M!5-SM@[MZTZ4ZLYK1-SMTW:Y=/)7M\[K8Y:$)0PT82=YI13?1VA)/?76=F[]
M+6L[H^5O&O\`P<$>$?`=I:2ZOHW@CPY-I.@1:]XHT[Q%\1++2M4C#7%S!);:
M-;/$S:M.C6DK;2;8,K1`,9'\L>C?\/._&.NZUK$NC_"G1Y?"-KXYN?AY8ZW<
M^+VCFO-0\@/:7'V9;%]EI)(RQR.9#)$3E8YAG'9:)_P3$\.>"'4^$OB)\5O!
M*7MN;/75T/5+2W?Q)`+FXN$2>1K5I8'C:YF19K)[:<(P!D.U2.MMOV$_"%MI
M-W9#4/$CP7GC[_A8LF^YB9O[0W*WE9\K/V?*CY3E^O[S/-<4DY*VU[_*\X>N
MT.>SO>^Z>A4G-03CK)?<[0E;YN?+S=+?#;4^6_@%_P`%>O&MC\,O@1IWC_PS
MX%'BSXB>%M*UJ]U'4_&J:##KK7LK1I%I/GV,=M=WRH@FFM&FM_+\V-(WGW!C
M^AM?*S_\$H/#TOP=T;X=R?%+XP3^`--TM-`O/#TU_ILMAK.F12L\%G,K6),0
MC1O*$]J8+F2-4$LTK(K#ZGBB6")(T`5$`51Z`5V8B=.4I2IJUY2:7:+?NKMI
MM_2-*G\1\OPV7W]?O_!6ZWLZBBBN804444`%%%%`!1110`4444`%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`445^=_@/\`X)D:W^SO\'?$?B71="\6:GXQ\<>+)K_Q5H_A*?P_X6\0
MW.EMJ5[.(+36K)+"Z<OYMK*_VO478I$R!T)*F7*SUV_S:7ZW;Z)`NW]:?A?L
MNK/T.EF2")Y)&5(T!9F8X"@=23V%*CK*BLK!E89!!R"/6OB_X3_LE_%?6_V?
M?CC9?$G4O%^K^+O&GAB'0-(B?QG<O9LG]A6\3^1$EPL%M,;XW`>=4BDD;+%B
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MM[7E=^2UO[U[VM]S?;31MW2YW.SHIK^)>_\`=LTG?[U]ZO8_22XN8[6,/+(D
M2%@H+L%!)(`'/<D@#U)I]?F/\/\`]A;X_P#BCPCI5U\2S\4M;O\`P;=Z-<Z+
MI]K\1[RUBG$7BN\NYC-"=9E2XEBTPV6&O;FX<>6%6:1US75_LE?LI?M(W/C'
MPR/BSXD^(DNF6'C5=6UJ.V\07&EV]T(M.OLW$<L/B"]FN+&:\>S_`-#\JSA'
ME#_041G`TA23O>25F_FKQM;SLV[=U:^[5UE[.]O>M;;JVF]/).ROY[75G^AM
M%?!OQ8_9Z_:1\9?M@?$RZM_$7C.S\":Y:16^C2:/?FSM5M"UHIACF.N+]ENX
MV6ZD\R+2$9U;:UU)E4',?$/]D#X[WGBWPAI45M\3/$.E>&O$5O<:!J%UX^2Y
ML=(M;7Q-=W`FU6&YN_.U"1]._LXPR.MS*GV=P?*<MYN$-5!O3FM?NKMWOYI6
M;3:ZZ[7))J%22^Q>W][2ZMY-W5^FFFME^C-%?E3KO[(?[5/B[]C_`,2^%_%\
M?Q4\6ZEK0U6T;2M.\30Z+-]NFT[RH;TW,_B*^^U:6UP9"UJ\D"CS%Q8*@V+]
M#_MI?LT_%WQ!\:?AUXV^%^EV\VLZ'X8E\':A+/J<=LEO9:E-#%>2`%QO>V"0
MWB_*=_V0QJ09.;<+-13U;MY7Y')7?1.5HM[*]WJG$3:]FJGJ[=;*45MW:;DE
MUY6MM3[/HK\L_B=^QU^TWH'@OX=>$/AGH7CGPGI_@SP*OAN[N],^(,L%O?1G
M1[F".)(_[8C@@NH+LPGSA8O(P\MUO%V-&?2?C#^Q/\3_`!I\3)?#4-G\7=0\
M(P>(=#=-9F^*DK6']BVUYIL@2&*6X:]748/(O)'NP89G$F1<7#%(X;]G%S48
MRT;M=Z:<R5WVT:EVLI:Z*ZK2]FGI>ROIKT;MZW5M+[Q[OE_0.BOCC]H#]F[Q
M?\4O^"='A[X?^+?A_JWQ*\3(/LLTDE[H^H:SI$L;R"VU!)=5+6\L@41B282K
M<JDDCQ,9@HKN?!GP\\3?!']HWQ1X_P!5T+7-;M-:\$^&-'N%TF\DU`2:G%>7
ML=RMO;S3%XH8TN()&("J5WO\[[\YP2DY:V2>GGI?_@?-:]J^Q?K:]O\`MZ*M
M]TF_2+T6Y]'45\8_MG?L_>(OC!^USI]WH?P=UXW5KX?GAM/B?::CI3-97#VU
MW%'8A)[^.[M;4/,))OL]O)]H;RE8;8]U<S\$/V+-?T[X&V=IH_PBO?A#::?\
M3_#?B+3O!\.K:?;1V=K:C3$U"ZDBT^ZDLG5V@NIA'O=F;$FP3/@&'7M)6E[N
ML5?R<U%O6VR]Y^2OM[Q-=^SBVM=&].ZC=+U>R^[?0^]**^9OV5/@/J_@+]L;
MXL^,1\.H_A]I'BV*".\*'2OLVN7D,LFR]MC8[9I!)$Y::348Q<"5@B,8D6OI
MFICK",NZV[?U_2&W[TDMD]^^B?ZV^04444#"BBB@`HHHH`****`"BBB@`HHH
MH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
MBBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHH
MH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
MBBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHH
MH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
MBBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHH
MH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"
MBBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`**
M**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBJNLZU:
M>']-FO+ZYM[.UMT+R332"..-0.22>`*4I)*[&E<M45YAXL_:M\->'/AJGC"R
MCU3Q'X>\][>6YTJ!91;,K;27#LI"YXSTY'8@GH-`^-_A[7;/PW(U\EC+XKM!
M>Z;!=D127"84E1R5+@.N5!)YXR.:Y8X[#RERJ:O9/?H]G\S1T*B5^7^D=?12
M*P8<$9I:ZS(****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@!'?8,XS7BWB2\\?
M?$+XMWNEW'@O0=0^&ZE(&&L.BR7#J<O/&N')Y.%#(`=H(*YS7M$P)0\\`5XG
M^S3X1O\`X?Z_<6OBSQGJ&N>+M422Z32I=2DN(]-M0XQ\F2-V2H+GCG"]R?-Q
MKE*I3I:I-ZM-)>CNG>]]EN=%&RC*6EUMO]ZMV[G?>!/@9X8^'.G:E9Z-I-O9
M:?J[;KJS#,]M(2NTGRV)5<KP0``0!Z5S_P`4OV7=`^(NG>#+!XDMM+\'WR7$
M5N,L)($C($&3SM+"//LA%>H4V7!C8'!!!&*Z)X*A*'LW!6[6\[_F0J]12Y^9
MW_I'EO[-WQZF^-&H>+87L9X+;0]7EM+.Z$++!>0!F"E6/!<;3D`]"I[UZI7D
M'PXOO'5_\=+F*[\-_P#",_#_`$S3I+?3H5EMS]HF\R/;(RQL2ORA]JX``]S7
MKR9VC.236675)RHVFVVFU=JU_-)ZVZ+N5B$E/W=K+9W%HHHKO,`HHHH`****
M`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H
MHHH`****`"BBB@`HHHH`#SQZUX#\3?"%K^RUJ'Q&^*&E6LU_?ZY:0I!:K"T@
MMY]S>8[$=(RWEN<XQM89&17OU-E@292KJ&5N"#T-<F+PJK15M)*[B^SLU?Y7
M-:55P?D]UW6]CA=%_:!T&YM?!9O+I;6;QQ9&YT[?Q'(P2-C%N[/^]&`>N".N
M`>8^(?[1^@W?C#4/`#ZQKWA#Q5*RQV=PFG"X,VX`H\7RR*RD<?,%(P1P1FNM
M\>_LY^"_B79:7;:QH4$]OHK2-91Q2R6RVQ<J6*B-EZE0?;'%='8^#=+T_48;
MV.R@:_@MUM$NW'F7'E`Y"&1LN1GGDG)YKGE2QDKPE*-M-=;M6][JK.^S3]4:
MQG16J3OKVWOIWOIOH<=^SM\)M;^%^AWY\2^)+WQ1K>HW!>2ZFD<HD2DB-$1B
M0@P22!W8CD`5Z)03@$^E<!\>_C#JGPF\*M=Z/X4UKQ5?2!A'#8Q;TB('WI",
ML!_NJ2?;K70E2PE#KRQ7FW^K;,FYUJGF_1?\`[YG"XY%"L&Z$9KY^^$_Q=U[
M]J_X,ZA!9ZM-X)\=:-.4N1#;@JA.3&6CD#'RV'!Z$,AYXP4_91\2?$N?3/B!
MI?C&[>Y\2:&Z)8BYA019:.0JPV!=\;,%.?3TKDAFU.<J?)%N,TVI)*VBO9ZW
M3TVL;2PDHQDVTG'==?5=+'T'17CO[*7[6=M^TGI]]"^E7FE:OHZI]MB8;[<%
MB0"K^I*GY2`1@]>M>Q9SR.17=A<52Q%-5J+O%F%6E.G)PFK-!111709A1110
M`4444`%%%!8#.2!BBX!169K_`(QTSPUI][=7M[!!!IT?G73;MWV=.?F8#)`X
M//L:S_`_Q8\._$C2Y+[0]9L=2M(I_LS2PR`JLN`=G/\`%AAQ[UDZU-24')7?
M2^I2A*W-;0Z.B@,#T(-%:DA1110`4444`%%%%`!1110`4444`%%%%`!1110`
M4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1
M110`4455UC6;70--GO+VY@M+2V0O+--($CC4=22>`/K2<DE=C2+5%<W!\2;/
M7/`3^(=`#^)+-HFEMTL60O=[2053<0"V01@D<C%>%Q?\%0?!\FK)8R>'_%=O
M<M-Y#))#`IC?=M(8>9D$'J.U<&)S7"8?E]M-+FV[/T>QO2PM6I=0C>VY],45
ME:YXTTSPS-81:C?6UB^IS?9[;SG"":3!;8">-Q`)`ZG!K45P0.02:[E--M)[
M&#3%HHHJA&!\3M7U?1/!6H7&@:<=5UD1%;.VWJBO*>%+,Q`"@G)YZ`XYKR#]
MEKX6_%_P'>NWC#Q/I=_I5R[2R64K/=W,;,23LE^4)R>F67T`ZUJ_MMZYXTTO
MP9X;M?`5Q=P:]JVMI:#[.JEGC,,S-N+`A5!4$L<8QUKN/@KX0USP7X*M[;Q)
MK]SXCUJ3$EU<R!51&('R1@`80>IY/)/H/%G%5L?9J:]FMT[1UZ=VSMB^2A?3
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M67YGMU%%%>Z<(4444`%%%%`!7EG[0'[0,GPLUS1]'T_PWK7BF_U9F:YM],1V
MFM;?!'F94'#%N%!*YVMR,5ZG7DMU>_$'5_VC-0MXKNSTKP#I:6Y>66U4S7LC
M1J6BC8]LGENV<#GIPX^<U34:;:<FE=).W5O5I6LMSHP\4Y-RM9*^KL1?"3]F
M;2?!?C6;QAH]]XEM'U^W*ZCIVJS?://SR-^_+AU/<NW!8=#4/CG]E'3+/X*^
M./#WAB$6C^(I6U*UMPP2.VNU6,H$/\"EXE..V3C`P![*`!TH/0U,<KPRI^S4
M5UV_O*SMVO\`\$'BZKES.7;\-CR;X<_$ZS^&WC?P]\+-5U.YU3Q`NAI=F_N)
MM[7<H9MZ$GG.%9ADD[5]1SZR#D9KPCXJ^-=&^&OQ]T>+1?#4FJ^+O$U_9V^H
M:HUN\L>F6A9(R`Y&$)3.%4@<[F[`^[1G*`TLOJ?'1NGR.VE]%;1-O=]PQ$?A
MG;=??Y^2%HHHKT3G"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BH;V^AT^$R3RQPQ@A=SL%4$
MG`&3ZD@5Y1>_&KQG!\:+?0[OP1JFF^%+X/;1:U&4NG28_<E81EECCSQ\^>6!
M.`"*YZ^*A2MSWU=M$W]]MEYO0TITI3O;H>NY!Z$45XMX%U/XJ>%=9\>VOB&Z
MM->BTVP2[\/7(LT@BO&Q*2C[`"'RJ!AGC((X-=7^SS\<4^/'PUL?$/\`9EUI
M!O'>(07#*WF%#AFC(P63.1D@'*GCN<:&84ZDE!IQD[Z-6>CL_+MUV:+GAY13
MDK-::KSU.^HHI'^XWTKN9@9VM^+M-\.7%G#?WUI92ZC+Y%JL\RQFXDP3L7)Y
M;`)P*\$_:I_8[\6?'^]DN;?QXZV:-NM](NK?9:1'M\T9Y/\`M,K'W[5YW^T]
M\%OB=^UE\8';3]&?2_#&BDVFGS:E,+9)2#^\FV<R'>0,'9]U5]Z]W_9B^$7C
MKX3Z"+'Q1XQ@\16BH%BM_LS.]L1V$[-N9<<89?ICI7S,ZTLPJSPM:A+V5])7
MY;V\KJZ[;^AZ48K#1C6IU%S]5O;^OD<)^Q+\,OB#^S[J=_X4\3::EQX>N\W5
ME?6MPLT5O-_$A'#JKCGE0`R^K5)^UU^Q3!\3]5A\6>&8(K;Q';3))=6ZX1-2
M16!)]!*!T/1NAYP:^D`H'(%&P'/!YKM_L/#O"+!3O*"VONO1^70Q>.J>V]O'
M1];;,\9_;L\`_P#">_LS>(%2/?=:2JZG#QDJ83N<_P#?O>/QK@_^":6O>-_$
M_@C4KO7=3GO?#5LRVVF)=+OF+K]\K(?F\M1A<'(R>,;2#],ZQHUOKNDW5E<Q
MB2WO(7@E4]&5E*D?D:\[^(#Z=^S'^S%JBZ2GV6U\.Z2\-IGJTI7:C,>[-(P)
M/<DUEB\"XXY9@Y-1C%W2>]M5?Y7_``+HXARH/#6NVU;R/1],U.WUFPANK6:*
MXM[A`\<D;!D=3T((X(-3U\C_`/!,/XXW>O:#?^"KY+F8:2OVJQN-A9$B9OFB
M9L8&&.5!/(9O[N*^N%)('>N[*LPAC<-#$PTYNG9]48XO#2H573?3\CEOC3?:
M_I7PSUB\\+V]I=:_:6S2V<5PA='8<D``C+%<X&<%L9XKR[]C'Q?J3?`R3QCX
MTUF:>\\2:D9!/=N%6-#(L$4:J,!%+@X50!E_>O>64,"#WKP']MGX"^+/B;\/
M=+L?!4ME;VVCW+7DFFK^Y:Y<<H4;[N5)8[3@$G.<@5S9E3JTY_7:5Y.,6E!;
M-NVMO)7^6Q>%E"7[F=E=KWNR['ORR*0.0":"X`)R.*^=?VG?VD/$7P7^''@#
MQ/:V;0W&H3*NIZ9=1E2X,&YXF[JRL#@CH1W&09?B5\7O$'Q@^"%CXX^$NJ7@
MU/39/],TD0)-),K8#Q/$P/SH<,"O5=Q!.15U<XHQE.G%-R@D[+=IJ]UWMU6X
MHX.HU&6B3=K]+^9J?M+_`+8?ACX*WJZ7K/AS6M5NS\\`:R"VLA]5EDX.,X^4
M-BO1O@U=3ZSX%L-5N]"M?#MUJD0N'L8B&:!6Y0.=JY?;C/'!)':N7^#VA^+_
M`(D^!U7XK:'X7:1V26&SBB,K(5.0T@8LBN#TV$X]NE>IJH10`,`56#C7G4>(
MJ2]UKW8N-FO7=_T]!5G",53BM5N[W3]!:"<<T5F^+_%5CX(\,W^K:E.MM8:=
M`]Q/(?X$49/U/H.YKTI244V]D<R3;LBQJVMVF@Z=->7MQ!:6MNI>665PB1J.
MY)X`KC?'W[1?ASX>_#^T\57#7NH>'[P*R7NGP_:8U5ONLQ!X4],],\<$BO'+
M3QS\,_\`@H1I\.D7U[KFD:Q;`NNG?;6A8X_C5>8I<#N5W`>@KU+X&?L\K\'/
M`=_X6N=5?Q%X>G=S;6][;J'@1P?,B8@[74GG&T<LWKQY%/&UL3*^%Y73:TFG
M?7SCII\[G7*C3IZ5;\R>JM;3R>IH?#;]I/PK\4O`%UXGT^\DMM&LKDVDT]ZG
MD"-QLZYX`_>+R>.:[FWNDNHEDC971QN5E((8>HQVKR[PM^R]I'@7X2^+?!^G
M22-I'B26YEBBD^8V@FA6/8&ZD*5R"><8ZD9/G?[-7VK]D3]F1-9\<7NH*M[?
M0JME+(6&FQ22+&H53TX)D8#L,8R.2GC<32<(XJ*LXMRDMDU^CNK==PE0IS4I
M4F]TDNKO_6I],UY'\<OA!JGCGXO^"-;.JW$?AK0+IKK4[!IMEOF-#)%,5Z,1
M(H4YS@$8QSGUBUNDO(4EB=9(Y%#*RG(8'H13IH$N(V21%='!5E/(8'J#7H8G
M#PKT^26UT_N::]5W\CGI5'"5T<!\+?VC_#WQ.\`S^)(;F.STN'4I--\V9PJE
MO-$<3$]O,WQD`]-X%;?BSXM^'?!NK6^FZIK>FZ3?WT1DM4O91"L^#CY2Q`8@
MXR`<\CU%<OXR_94\+>(/AWXB\,V$,F@:=XGN(KJZ6PPJI*CHV]$8%5W;%!``
M''3/-,/[*^@>(?`FB:!XJGO?%T'AZ?SK.?4&"S@;2HC=HPN]<<$'K@9SBN-3
MQ\8\CC%NRUO9-WU5MUIJGKK=&S6'O=-I7VZVM]VY2^&[_%/7_BW=R^)+GP_:
M^#[*'S+(Z2N]=49LA=S.6=0HY.-N3MP2,UZ\!@8'2JVD:/::!IL%G8VT%G:6
MR!(H84"1QJ.P`X`JS79AJ#I1M*3DWKJ[_);:=M#&K/F=TK!1G'7BH;^^BT^'
MS)IHH8P0NYV"C).`,GN20/QKR>[^-7C.#XU0:'>^"=4T[PI>A[:+68]MTZS'
M'ER,(]RQQYR,/DY92<`$4Z^*A1MSWU=M$WOWMLO-V04Z4IWMT_KY_(]>SV[T
M5XKX+U;XJ>%-;\=VWB"YM=>ATVP6[\/W(LT@BO&_>$QOL`P_RH",\9R."*ZS
M]GOXX)\=OAK8>(/[-NM':\9T$,[*WF%#M9XR/O)NR,D`Y!X[G&AF$*DE3:<9
M.^C6NCL]KK\=4[EU,/**<KII6U7FKG?4445W&`4444`%%%%`!1110`4444`%
M%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4$X!/I10>AHN!X?^UY
M<^"_%O\`8WA'Q?XHU+18;^872V-C;O)-J9#;47<L;\!N=N,EMI[5ZK\/_!-G
MX"\)V>E6,NH36EJ@$9O+F2XF`[`LY)P/3@#H`*\K_:D\2Z3\'_$^A>,G\-W7
MB+Q+.1HFCY(6VM)9&+!F;JK-D@$`D@$#&23[382LULBR/&TR@>9LZ!OIVKR<
M+&+Q=64[<RLM+WMTNWIKKHO5[G55;]C!*]M>V_E_P21X]P`'05XE\8?`&K:/
M\0O!FIZ1?Z;X1\%?#^&2[O)I#^[D1L*T`C';RU/)(QY@(R1BO;BP]1FOGS]I
M5O`?Q]\0Z=X,U#Q]J,-U)="$:-HK1SM-/GK-B-]NP`G#$`8)/8U>:N*HZVO=
M6U4;M--*_JE=+<,)?VGEK?2^ENQ]`V\PGA5U.X.,@^HK,\>>)3X-\#ZSJZPB
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MV%H`&16;:T\IY)'7ELLQX[$CU5&W*#@C-?$?PW_9"^*[?M&Z)XR\4I:7CQ:I
M%>7MP;Y'?:K`G"CH`.`HX```K[<7I7FY/B:]:,W5I.G%.T4U;2QU8VE3@X\D
M^9M7;\Q:***]DXB.XMDN5`=$<`YPPSBFPV:09V1H@;KM&,U-12<5>X!1113`
M*\H_:P^*7@?X?^$;.U\=V=[?Z5JUQM2W@C9UD>/#C>`RY7.#@Y!('%>KUY9^
MTUX'\&:S:Z+X@\=W<,&A^%[AKCR9N8KF5PH16`R7Y'W`#N.!TR#P9FZGU:?L
MK7_O?#:^M_*QMA^7VBYKV\M_*WS-KX#7GAOQ#X$M=3\,>'3X?TN\7=!&]BEF
MTR=GV+_">Q/7KTYKN:X?X#?&*Q^-_A"76]*L[FSTC[3);V;3@*]RB8!DVC.T
M;MP`SGY>W0=QG/(Y%:X)Q=&,H---;I63\TNPJR:FU)6?WA7DO[4_[/UY^T9I
M^AZ(=332M#M+PWE^RJ6FFVH51$'3G>^23Q@<&O6LUP7[0'@#7?B=X)GTC1O$
M\7A:.ZRMW="V,TK18Y16WKLSW/)QQQS49C2C5P\J<X.2?1.U_*Y6&FX5%).W
MGV+OP0O=`7P-#I7AN_EU+3?#C'2A.\IE+-$`"N_^+&0,CCC`X%=A7F?[*/P3
MC^`GPL31(=9@UV&2ZENENHHO*1@VT8`#-G&WKFO3*O`N?L(>TCRNRNET\B:Z
MBJDN5W5]PHHHKJ,@H)P"?2B@\@B@#P_]KNX\%^,7T?PAXM\4ZGHL5]*MTMA8
M6[R3:D0VV-=RQO@!L_+C).#VKU3X>>"K3P#X3M-+LIM0GM;9-L;7MS)<38]"
MSDG`[#H.P%>5_M1^)-)^#_BO0_&3^&KOQ%XFNMNAZ1R!;6DCL2"QZJS;B`0"
M2`0,<Y]IT^8O:H)'C:95`DV=`V.>.H_&O*PJB\75E*W,K+1._+;1-[;INRVZ
M[G55;5&"5[:]M_+K]Y*Z!P1@'->)?%WX?ZOI'Q'\%:CI-_IOA+P5X!@DN[R>
M0@12(V%:`("./+4_,<`&0$9(Q7MS,%!)(&*^??VDY?`?Q]\1Z;X-O_'VHPW,
MMSY(T?1'CG:><'K-B-]NS!.&("X)/3(,V4?8W^U=6U4;NZ:5WTNE=+5AA+\_
ME9WTOI;70^@+><3H&'(89!I]16<7D0HF2=HQ[U+7J1?<Y0HHHI@%%%%`!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`4=?\`
M#=EXGMH8;ZVBN8K>>.ZC609"2QN'1Q[JR@_A7CGA?PG\0?ACK_Q5U"\GBUA=
M;MWU/19[92QBG2)U2`Q')R%$0`&X'8><G%>XTA0'J#7)B,'&K*,[M.-]O--:
M]]]#6G6<4UNGW/`T^*7Q+^)WP:MM4\/:)>^'?&NE3QK>Z5JFGF*VU%&^4F-Y
M0N`/O<,"-I4YRI/?_#WX7>=J5CXI\3Z+X:B\;QPM'+=Z9$ZJJL!E<L<L<#&X
M]B0."<]Z$`[4O3I6='`V:G5FYM);VM==;='Z%U*]TU!<J_'T]`I)`2C`=2*6
MBN\YSX`_:-^%?BKQ5^VEI'AOQ!J5]JVFZW?QR:<\I_=QV;/F1$4`*I10P.!D
M[03UK[MO?$=AX>N=,LKFXAMYM2F^RVD;'!F<(S[5'LB,?PJ'6_`NEZ]XDT?5
M[JU274-">5[.8_>B\R,HX^A4]/4"OB+]KW]H'7-(_:^T.[N[/4-,TKP9>QM9
MQSQF,72!U,TPS]Y7`*@CC:H[DU\C54,E57$R?-[2:M>^BZW?EK;Y'KP<L:XT
MEIRQ?W_\'0^]:*X#]H+XQ2_!SX,WOBRT@BU`6+6S^43A9HY)HT8`]B58X/.#
MC@]*UOA/\6]&^-?@>VUW0;L3VMRN"I`$EO)CF-U[,.X_$9!!KZ58NE[;V%_>
MM>WEW7W'F.E/D]I;2]K^9U#MM4G!.*^</CQ_P41T[X/:]/HZ>$?$$VIP$_\`
M'\JV4+CH'1OF9E]PN#ZUS_BC_@H7KOP1^).H^&/&_A>&YDT^;"WFFS>49X3R
MDHCDR#N4@XWC!R.U>E^%/%W@#]N3P/<13Z%?WUE"<;K^R:%H'/&8IERH8=]C
MYQU&*\7$9FL6I8?`5E"JKZ-:Z=-?SU.Z&$=&U2O#F@^J94_8\^-GC/\`:(L]
M1\2:U::;I/AZ-OLVGVUO$QDN'!^>1G8G*KPHP`"2W]VO<*R/`G@G3OASX4L-
M$TF`6VGZ;"L$*9R0H[D]R3DD]R2:UZ]C`T:E*C&%:7-+J^[_`,NQQUYQE-R@
MK+H@HHHKK,0HHHH`****`"N>^*?PXL/BSX"U3P_J:![/4X&B8C[T;=5=?]I6
M`8>XKH:*BI3C4BX35T]QQDTTUNCYC\>?%RW_`&)/A]\-_!%L\,M\\T']HR!,
M(ML)`;B0`]"[,P&><;NX%>\Z_P#%31?"GBC0]&U"[2UO/$7FBPW\),T>TE,]
MF(<8'?![XR?$GX3>'OBYH#Z9XATJUU.U;.T2J=\1QC<C#YD;W4@UYW^T9^R!
M#\?](\-69\0WFD#PRKK%,(1/+-E8P&)W+AAY8.1U)[5X\J.,PRG]72E%**A'
M:R6C7W;/OT.Q3HU.55&T];O??J=-\6?VE/"_P5\0:?8>)I[S3(]3C9[>\-NT
MELY4X9"R9(89!.0!AASUQXY\3?V;;/\`:LU^VUKPQ\3+S4]`DNT_M'3SJ#7-
MO`A(+"(*?W;[>BN/Q'2O6-7_`&;++XB_"W3/#7CF_?Q6=,G2=+XQ_99Y2G`W
M%6)R5)5B"-P/8\UW'A#P5I/@+0H-,T73K33+"W&V.&WC$:#WXZGU)Y-%;!5<
M7)PQ27LG9I:J2?5.SM9?CV"%>%%<U%OF[Z6MW5]2SH&AVWAK1K33[*".VL[&
M)8((D&%C10`JCV`%6Z**]J,4E9'&W<**CNKJ.TA:21TC1`69F(`4`<DDUYWX
M,_:J\&?$+XFW'A/1=62_U.W@:<R1KFWDVD!D1^CL,Y.W(QGDX-8U<32IRC&I
M))R=E=[OR*C3G)-Q5TMSTBBOG?\`:B_:V\9?LUZ_'YOA&PU/0+TXM-16Z=`6
MQDQR#:=KCG'.&'([@=O^RQ^T%=?M#?"NX\17.F1:=+%=RVPMX93(&V*ISD@<
MG=7)3S;#3Q+PB;YUT::_'8WG@ZD:2K?9?6Z/0]?\.V?B:UAAOK:&ZC@GCNHU
MD&0DL;AT<>X8`UXSX7\)?$/X8ZS\5]0N[B+6/[9MWU/1)[9-QBG2)T2#RCD@
MA1"`!D-LZY.*]$^$_P`<O#?QGTI[K0=2ANF@XN+9_P!W<VK?W9(SRISQGH<<
M$UU^`PSP0:N=&EB>6M3EM>S3\FOGOIV(4YT[PDOD_O/`_P#A:GQ+^*/P:MM5
M\.:)>^'O&FE3QI?:3JM@8[;4$;AFC>0+\O\`%PP(PRG.5)[_`.'OPL$NI67B
MGQ-HWAN+QPD+12W>F1.JJK8RN6.6.!C<>@)`X)SWNP>E*!C@4J.`Y9*=6;FT
MEOM==;='YH=2O>ZA&R_'T]`HHHKT#G"BBB@`HHHH`****`"BBB@`HHHH`***
M*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBDE?RXV8D`*":&P*^K:O:Z'I
M\UW>7$%K:VZEY997")&HZDD\`?6N$\#?M*>'OC!%X@B\&W,>N7^@X!A+^0ER
M2"5*.0?D)!7?C&1Z8->1I^V)8?&'XJZQX3N?`EUXN\&I<BVBN[2R-Z"R\-(\
M9!4INR0P((&#@UZCX#_93\&_#;Q[%XE\-V-UH5X\;130V]P_D7$;8RCQOD``
M@$;=N"H]Z\6GF%3%5$\&TX)M2W4NUXZ6:6_6YW2P\:46JR:D]NWSZG/_``&_
M;#D^,GQ6U3PC>>%;_P`.ZCI%M)<7"W-R)&4I(B%"NT8/SYSTX]\UZ)\/OC3X
M=^)MU?6NDZA%+?Z7.]M>6;G9<6KHQ5@R'G&1PPR#V)JT?AAHR?$8>*H[2.+6
MVLVL)+A.#-"65L/_`'B"@P3R!D5Y-X5_9JL_A]^TYXS^)5\\<5B(O/L!GB-W
MBS<RL/8A@/\`?;VIP>.H*$9M5+R=W:UHVNGII=6L^]R6J$^9I..BLM]>Q[U1
M7GO[,_Q[L_VB/AE;ZY;HL%TCM;WML#G[/*O;UP5*L/8^HKT*O3H5X5J<:M)W
MBU=,YJE.4).$E9H*YSXD?"C0/BWH$FF>(-+M=2M7R5$JX>(XQN1A\R-[J0:Z
M.BKJ4XU(N$U=/HQ1DXOFB[,\V^,GP!?XB_L\3>`[#43:*;>VMH;JZ!F8+#)&
MP+8QN)"8SQS7E7[.G[$OC;]G/QHNHZ;XUTNYL+@A+^P>SD6*[3_OH[7'\+8X
M]P2#]/45YU;)\-5K1Q$D^:*LFFU9+T9T4\95A3=)/1[GG?Q/_9=\(?&3QEI.
MN>(M.%]=:2C1JF\K%.I.0L@'WPIR0,X^8YSFN\TO2;;1;&&UM+>&UMK=0D44
M2!$C4=``.`!Z"K%%=M/#4H3E4A%*4MW;5^IC*K.246]%L%%%%;F8445R_C[X
MHZ3X&N;2PO-7TO3]5U??'IT5[+Y:7$B@<9[#++^?&36=6K&G'FF[(J,7)V1T
M[.!CH<T;QT&,UXMX)\-_$WQ-JOB31_'MQ;KI>J1B73=2\.WC6K:>PX\M3\LO
M/#`MN&00<@@5@3Z5\1OV>_V<?%=U)KEQX@US0M4:_L[F\9KK[=8@0[D<,2RC
M;YA*@@@KP><GSGF4K>T]E)1LV]-5;I;S6UM_4Z%A=>7F5[I??Y_F?1-%<U\.
M_&T_B'2;"WUB.UT_Q*^G0WU]IT<N\VHDW`=0"1N5A[$$>YZ6O2IU%.*E'J<\
MHM.S"BBBK)"BBC/7VH`*1G"_A7.?%/XM^'O@QX2GUSQ)JMMI6G0<%Y6RTC8X
M1%&2['L%!->6^%[WQM^U85OKN/4O`7P]FPT%JKF'6M=3LTCKS:PL/X4/F,/X
M@",\&(S"%.HJ$%S5']E=N[?1>;WZ7>@FSU)_B1:ZEKL^E:.K:K?6C;+HPD?9
M[(_W99.@;'\`R_(.T`YK8UC7+;PYHMS?W\T=O:6433SRN<+&BC+,?8`&H_"_
MA/3?!6B6^FZ396^GV%HNR*"!=B(/H/?DGJ37EW[7_P`-?&?QH\'P>%?"\MA8
M6.HR;]4O;J8H/+7&V)54%CN;D]!A<9Y.'7K5J5"53EYI]$N_1?YM^NAM1@IS
M49.R[DFI-X!_;@^'QM[37+VYL!\TL5E>O:S1$]I8N_MO4CN/6O(I/^";&I_#
M?Q?8^(_`GB]8K_3)UN+>+4X#@D'E3)'U##*D;.036M\%?^";%O\`#;6[75[O
MQGK?]I6YRITH"S4>JECN+*>XP,BOJ*!#'"JEF8J,9/4^]>30RUXZ*JYC14:B
MM9IZZ>FWH[G;/%>P;AAJEXOHU_5S"\3^";/XG>!9=(\1V%M<VVH0!;JW+;T5
ML`G:V`<JW(88((!XKE/V:?@0?V>?!>I>'XKPWUH^IS7EI*PPXB=$`5^VX%2,
MC@X!XS@>E4'GCUKV_JE)U8UVO?BK7ZV9PJK)0<+Z/H?`MK^S]K9_X*":GI&A
MW=]H]K#??VQ/>6LAC:&TDVRLJD>K/Y8'3/4$`U]PVWC?3/\`A,'\.&Z3^V(K
M-;]K<\,86=D#CU&Y2/;(]:GA\+Z?8Z_=ZM%:Q1ZC>PQP37`^_(D98HI]@7;\
M_I7PIX_^+_B75O\`@H'>:MX2L;W6;K1[I=-2TMD+>=!$!',C'H%+>8=QX4D'
MMFOFY.&2QNES>UJ;=D[O1>2^]GIKFQSUTY(_BK;^I]^T5%:2O-"C.K(S+DJ<
M94^G%2U]8G?5'D!1113`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`*Y?XT^/$^&7PNUS7I+,:A'I=H\[6Q<()P!RI
M)!QGZ&NHK'\?^$K#QSX/U#2M4BDGTZ]A*7$:$AI$ZE>.><8XYYXK*NING)4W
M:5G:_?H73:YES;'FO[*7QXU/X[:')?Q^"X_#'AZ#]W:S?;-XN'!P1'&(U&T<
MY;.,\#/./8AGOUKPK]F[]INW^-/Q#U'0O#6B?V3X2\+V2Q^;,GERO(7VQHL8
MXC0*K\')X'W>E>Z(<J#G-<64UE4PT6JG/NN:UDVM[*RTOH;8N#C4:Y>7RW%K
MGOBGX'/Q&\`ZMH2WLFG+J]NUK+/&H9TC?A]H/&2FX`]LYYZ5T.:Q?'MW9P^%
M[U+[6/[!@FB:-KT3QPO`".65G!53CN1QUKMK*+@U+:QC!M231YC\`O\`A`/A
M)\0[SX;>#;</J-G8F_U6Z#^:Q9'2-4E<]9/WA.T8"CL,XKV@'(S7@_[*?P.^
M'7A+Q=K'B+P1KNI:_<E&T^\N);I;B`LS)*P#A`&?Y5)(8XSSUKW@#`Q7%E//
M]77.HK5V4=4ETUZ^9MBVO::-OO?>X4445Z1S!1110`45A^)+CQ#8$RZ7;Z5J
M"_\`/"XF>U;_`+^!7!/MM'UKB-6_:NT?P%?1VWC?2M=\$F1MB7E_;B73I&]K
MF$O&N?\`IH4/L*Y*V.I4?XKY5W>WW[+YL#U.BJ'AWQ-IWBW28;_2[^SU&RN!
MF.>VF66.0>H920:OY'J*Z834DI1=TP`G`)]*\!U:?P!\:_VG]0T/4O!>K^(M
M=T!$@GO+L+)IEC%M#CY3)M^8M_<+$^PR/?J\9\2>)M?\+_M1:)X9T71K#3M#
M\0B35]4U55\R>^,2;6C.1A2#Y*Y.3M<8VUYV9I6I\VL>977+S7OHO):VUZ(Z
M<,]96T=GUM_7H>PV5E%IUK%;P1QPP0J$CC10JHH&``!P`!VIT\2RQ,K*KJ1C
M!Z&J^BZ]9>(M-BO+&YANK6;.R6-@RO@D'![X((_"IKNZ6UMI)&#LL:EB$4LQ
MP.P')/L*]%-6TV.?6YXCK_A33?A[^U!;>--=\2S1W_B)H=`T71[8#$J$*&,N
M>64.2_&T+QRQ(%>Y1G*`U\\>$M=^'G[0W[1[75GX5\1W?B'PP5FGU2_EN+6'
M3RA_=HL+2#!+<[3&`?F)[Y^AU4*,`8`KS,K:?M)PMRN3:LV[]V[I:W[:(Z<4
MFN52O=);Z>EA:**"P&<GI7JG*!.!G%>+_M6_MG:#^S991:?'$^O>+]1`6PT:
MV),KECA6DP"44GIP6;H`>2.)_;=_;YB^"L__``AW@Q%UGQY?%8=D:><FFE\!
M=RC[\QR-L?N"W&%9?V)?V))OAS>MX^^($C:W\0M7)G+7+^=_9FX<X/0S$<%A
MPH^5>,D_+8S-JN*Q#P&6?$OCGO&'^<NRV74EOHB7X#?LK^(/B5XMM?B/\9[A
M=7\2#$NEZ$?^/#05/(_=\J9.G7.",DLW(^F%4*``,`4@4+T&*6O:R_+J6$I\
ME/5O5MZN3[M]7^730:5@KY#_`&LOVS?'WPE^/]UX6\-0:7<V_EV_V>*2S::>
M221%.T889)8X``KZ\KS/5O@_X5\(_%O6?B9KEQ:K>M;Q1Q37CK'!IL:1A"RD
M\;VY^8]N!C)SAG&'Q%:C&&'GR/F3;O:RL[_H=F#J4X3;JQYM-%YZ&M\!_P#A
M-;CP1#=^.I=-&M7>)#:V4/EI9KCA&.X[G]2.!T&<9/;5PGP6^/>C?':769O#
MXN;C3-(G6U%ZZ>7'=2;=S",'YL*"O)`SNX]:[NNW!R@Z,73ES+NW>]M+WZF-
M:,E-\ZL^W8****Z3(1UWJ0#@UY?XEO?`O['GP]U#5FM;?3HIG:1RGSW>IW#9
M.-Q^9W))ZG"C)X`KU"0G:0#@U\O?'_\`8=\7_M#>-Y=7U?QU81V\64LK)-/<
MQ6<>>@_><L<#<W4GT``'EYI4KPI\^%I<]3IMIYZO\%N=>#C3E*U6?+'KOK]Q
M[;^SS\2[GXP_"+1_$MU;QVDNK++)Y*$E8E$SJHR>IVJ,GN<GBNUKCO@#\,)?
M@U\(]%\,S7B:A)I,3QFX2,QK)F1GSMR<?>QU[5V-=>#]I["'M?BLK^MM?Q,*
MO+SRY-KNWH%%%%=)F%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`
M4444`%%%%`!1110`4444`%(Z[D(]1BEHH`\6^)_AN/\`9F^'_P`0?%7A+2KN
M]UKQ%*+HPV\)E$$I0)YFT#.Q6+RGW8]`:H_!O]I1;+]C+3/&FI"XU*71;9+?
M4`'!FD:.986;)ZN5P_/7/49S7NSH)!AAD5ROBSX+>'?%O@K6=`ET^.UTW7Y/
M.ODM?W)F?*DOE?XCL7)[XKR9X&M3J.IAI)+E:4;:*3=U+[]]#KC7A*/+55W=
M:];;6,7QG\?8+'X+GQQX:M%\4:7%&+J2.WF\N3R/XV&5/S)U*G!PK=QBO)D\
M0_#'_@H=:M8R:3X@L];L8R$O3:,KV?<`RINB*]<*YYYP,\UZY\&OV:_#GP,M
M+^UT$ZDMCJ0_?VMS=M/`QQ@L%;HQ'!(ZCKG`QU_A+P5I'@/1(=-T73K33+"#
M[D%O&(T'O@=2>Y/)J'A,5B.58EQY&O>C;F3?=/2WZ#C6I4[NDG>^CO;[UJ9'
MP7^$FG?!'X=Z=X<TP;K>QCP\I&&N)"<O(WNQR?88'05U5%%>K2I0IP5.FK)*
MR79(Y92<FY2=VPH)P"?2C-8OB+Q1%:W+Z79WNF+KMQ;O-:6MS.$:4#C=M&6*
M@D9(!ISFHJ[$E=V-GS%]13%NHW("LK$^A%?-_A*'XX^$OCY#J7BN"UU[PIJ0
M-G/%I$JFWL$8_+*L3;9"5.,DAB5+<G`I\O[&O_"!?M4>&O&GA<&+0GN96U&P
M#86R9H9`)(QWC+$?+_"2,<?=\E9E7FE*G1E\5FGHTG]I:-->C.MX6$7:4UM=
M6U5^WD?2(.3C%0:EI=MK-E+;7=O#=6TZE)(I4#I(IZ@@\$'T-?/7BCXL>/?A
M[^VG:^%-/C36O#GBB**]6"Y./[/C`VS/'(!D!2C-M.0=P``)S7T)8ZE!?B3R
M9HIC#(8GV,#M<'E3CH1Z5UX;&4\0YPLTXMQ=^_EW5O\`@F-:A*FHMN]U<^:/
MBO\`L,:G\/\`4Y_%'P1URY\%ZWDRS:,DO_$LU$C^'RVRJ$]@04]`O6LKX#?\
M%*XT\5/X.^+FE'P5XHM9!;O=,ACLY'XQO!R8LYR&RR$'.X#%?6E>+_MA_L::
M#^U3X0<2+%I_B>QC/]GZFJ?,IZ^5)CEHR>W52<CN#X6/RC$X5O$Y0^5[NF_@
MEZ+[,O-6OU.9Q:UB>RVUS'>6Z2Q.DD<BAE92&#`]"".H-9WBOPTOB?0KZS%S
M<6,EY;R6XNK<@3VX=<%D)!`8=1QU`K\Y_P!FK]L/Q?\`L/?$2;X?_$"WO)_#
MUC/Y$L#_`+R;2P2,2P'^.(@AMHX(.5P<@_HYX5\4Z?XU\.V6K:5>07^G:A$L
M]O/"VY)489!%=629]A\TIN-N6I'24'NG_EY_J$)W]3PFY^!GC_X0?LY0^%_!
MFJIJ.L:/JXN--G#+;EK4R>8R2ASM/+.",D$8Z=!K>*?AM\1OBE:^&-9M-;NO
MAYX@MB;?6+:.9;RUGC'(D2,%D9LYQNP<.<D[1GW`@'J,XH`QP*[?[)I6Y%*2
MC9*U]%9Z-=4^F^QVO%S;NTKW;O;OO?I^!G^']!&BVR&67[9>M&D=Q>/$B2W1
M4<,VP`=SP``,G%:%%!Z&O2C%15D<S8$@#)KY4_X*#?MZQ?`NPG\(^%)XY_&5
MY'B:=,.NCQL.&/8RD'*J>@(8]@>I_;V_;-M_V7O`JV6F20W'C'6HV6PA;#+:
MIT-PX]`>%!^\WL#7SM_P39_9(NOB_P"*Y/BIXV6:_LXKII].2[^=M2N@V6N'
MS]Y4?./5Q_L\_$Y_G5>MB5D^6/\`>R^*72$>OS_X%M6C*4G>R/3_`/@G=^Q%
M+X#B7XA^-X9;KQAJP-Q:0W9+R:>K\F1]V3Y[Y.2>5!(ZEL?7BC``H50HP!@4
M5]-E654,OP\</06BW?5OJWYLM*P45B>/OB+HOPQ\/R:IKNI6NF6,7!DF<+N/
M]U1U9CZ#)->=_$+]L#1_`_PSTOQE::3K7B#PSJBY%Y8)'BV.<!95=E93NRO3
M`(P><`]%?&T*-_:22LKOO;O9:V\S:%"<[<JWT^9Z_7SO_P`%&/@K>_$WX1+J
MVG27+W7AEVNGM5=O+N(2!YAV]"Z@!@>N`P[UZ[;_`!DT#_A*K#0[G4(K+5]4
MLX[ZTMK@^6UQ&^1A"?E9@005!)'IBNHF@2YA9'4.C@@@]"/2L<90I8W#SP][
MIZ>CW7^95&I*C4C4ML>)_L1>&;;X1?LI:1?7[1VB7L$FLWDKG:$5_F5F^D2I
M^5>K?#[QU8?$OP5IFOZ8[O8:K`MQ#O&&"GL1V(/!'J*\:_;O\+^+;WX#QZ'X
M)T@SZ>2L=_%:?ZV.VC4;8XXQRRD@9"Y.%Q@@G&;_`,$S?'#ZY\"+G1+AF6Y\
M-7\EOY;`ADCD/F+D'I\S2#';;7FX/%_5L53ROEM%0T=MVK;?*[?F=5:C[6C+
M%MZN6J[(^D,T9[<9KYQ^$?[:L)^/'B;P%XJFBMWM]9N;;2+T@(CJ)6"P2=@P
MZ*W0\`\XSI?MM>-?'?P>T.T\9>$-2']GV3"WU2PFMTGA*L?DFY&X88[6VD9W
M+Z&NS^V<.\//$PO)0=I);JSUTOTW]#%8*I[54GHWMV?S.U_:)^)OB_X8>&C?
M^%_"(\4A%+3A;HH]L/[WE!2T@_W3G^=?,WP8_:.^*O[6?QBMM"74D\/:+;M]
MHU3^S+81-#`K#*>8VYPS'"###&2<<&N[_9E_;C\9?''68]/E\!MJ"(0MSJ&G
MS&*WMAZN),C/?`?)[`U](Z/X-TG1=7OM2L]-LK6_U3;]KN(HE22YVYV[R.6Q
MD]?6O,A"69SAB,/7DJ2>L;-7\D]/GN=#:PL94ZD$Y/9Z.W]=-C2@B\F%4R2%
M&,YS3J**^H2L>8%%%%,`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
M*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`1R0"<@8%?._C']C
M"W^,/QCN/%OB/QK?&X,@6PM=**V[6<:$[$60EFR.I*A3N)/>O?M>B>;1KM(P
M6D>%U4#J25/%?.7['W[*6E?L^0Z=K7BN>R/C+5V\FT@ED4_8RPSY40_BEVYW
M,,X`('&2?%S.DJU6G1J4^:%[MN325K6]7KHCLPTN2,IQE9[)6NW?\O,^C=#T
MD:)I5O:">YNA;QB,2W$ADEDP.K,>I]ZM%01C'%+17LQ22LCC\S(U71-.LM3;
M79K>$7MG:21?:2I+I#D.RCV)4''M7@W[#VB_$"V\0>*];\263Z;H'BJ]?4[6
MVNV*W23._P!X1]54I@'=@_(N!C)KZ,NI1#`['<0JDD*,D\=AW-?-%AXK^)7Q
M/_:T\,7%WX8US0?`FCW,[(L\>P2DV\JK--SU)8`+T7/<Y->-F/)3KT:GO7YK
M)16EW9-R?9([</>4)QTVW?EK9>;/INBBBO:.(^;O^"B'['47[1/P\?6M&MD'
MC'0(FDMBH^:_A&2UN?4]2F>C<<!C7RE_P3J_;3N/@#XRC\)^([EQX0UB?9NF
M)_XE,Y./,&>D;'AQV^]V;/Z?,H88(R#7YA_\%2_V:X_A%\8D\4:7;K%H7C!G
ME=57"6]X.95]@^0X]R_I7YKQAE]7`5XY]@-)1:4UW3TN_P`G\GT,IQL^9'Z=
M12K,@92"K#((.<TZOE#_`()9?M1O\6?AE+X/UBX,NN^$XE6!W.7N;+[J-[LA
MPA]BG4DU]7YK[G*<RI8_"0Q=+:2^Y]4_1FD975PKA_VB/COI'[.GPLU'Q/K#
MAH[5=EO;AL/>3M]R)?<GOV`)Z"NUGE6")G=U14!))(``]:_*/_@H#^U3-^TM
M\8&LM+FDE\+^'Y&MM-1,XNY,X>XP.NXC"_[('<FO(XKX@CE6#<X_Q):17GW]
M%^=EU)G*R*OP;\!>)?\`@H5^U'-<ZU<2M#<R?;=7N8P0EC:J0%BC].,(@YZD
MG.&-?JUX7\-V/@_P[8Z7IEK%9Z?IT*V]O!&,)%&HPJCV`%>/?L$?LSI^S;\$
M+2"[A5?$6N!;W57Q\R.1\D/TC4X_WBY[U[A6'!^1RP6%=?$:UJOO2;WUU2_5
M^?R""LK]PI)#A#CKBEK/\56D]_X;U""U;;<SVTB1'=MPY0@'/;G'-?72=DVE
M<T2N['DWAK2OB3X[^)&K'Q5HOA5_`=U,5MM.O]L]Y#&HVJX"*R$MC<5<\%L`
MC%>B>'_A'X<\,^&+W1;'1[&VT?46=I[%4S;OO&&&P_*`0.0`!WKS_P#91\-Z
M5\.K2^\.GQ5<^*O%EI%'-K4[W<ES':LQ(6)=Q*I@AOE^\<9..`/9<UYN7THR
MI*I-7D[WNU)J^ZNDOFEHMCIQ,VI\L=$K;75_.QYS\1?@=H&M>-O#/BS4@D<?
M@:"=X(RN4(VJ59B>T>PL/<@]JJ_LG?&#6?C1\+QJVMZ5<Z;=&ZE6)I(3$EW"
M6W1R(.XVL%ST)0GO7H^K(LMC*KPBX5D8&(X/F\?=YXYZ<\5YE\#8OB#?_$7Q
M3J?C*TM]+TNYCMXM'L(+I)DMD4R;L[3RYW+ECUZ#`&*4Z:I8J,H)VG?FLM+V
M5G)]+)60HRYZ34G\-K7?GLEYWU/570/@'I67IW@K2]'UZ^U2SL+6VU#4D1+J
M>-`KW`3.W?C[Q&XX)YYK5HKTG!-IM;'.F]CYR\>_\$U?"?Q`\;ZKKUUKWB2"
MZU>[DO)4B>`1HSL6(7,9.`3QDYKV+PS\+(M*^&R^%]5O[SQ-8F!K6234]CRS
MQ$8V.55=W'&<9]3GFNKHKBP^5X6C.52E!)RWWUOWZ&U3%59I1E*]MC.\+>$]
M-\%:+!IVDV-KIUC;+MC@MXQ'&@]@/YUHT45VQBHKEBK(Q;;U844450@HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`H
MHHH`****`"BBD+@<$@&@!:*:L@8D`@_C3LT`%%%%`#73>,9(KYR\+_`76]*_
M;JU+Q/K%]>ZGHMKITE[ID]S(76V>4B,P+GA0@,A`'\)4]<U]'UE>,_"D'C3P
MQJ&E7$MS#;ZE;O;2O!(8Y55E(.UNQP3S7%C,%"OR2EO!\R\VNC\C:A7=/F2^
MTK,R?A/\7](^,7ANYU;1YC+96]Y/9[S@;C$Y7=]&&&'LPKIY;R*"`R221H@_
MB9@!R<#FO$_@)^S3?_L]>%_&>@VVHKK&BZL&N=-#KLGBE:-D=''W3D"/#`C.
M#P*YG]E:S^(=WX(N/`?Q.\*7\VBW%JUM!J$LT4A$97!AEVN6/'W7'(Q@]C7%
M1S"O'V=/$4VIR3O;5)KHVKV3Z,WJ8>FW*5*7NIK?=I^3['L7QJ\2^+?#?A)[
MOP=H>GZ_J$>2;>YNC"=N.J`##GV++[$GBN(_9(\7_$3XFV>I^(/'"II5NTQM
M+'24LOL_EE&_>2MNS)U&T`MCACCD&L#]F[]D;Q9\(_%,]SJ?CW6)M&M;AQ9:
M7;SLT,L0;Y#+O!`)7JJ`<_Q=J^B$C"@<<BJPM.OB*D<36YH6O[EU9^>FOWBJ
MRIPBZ4+2O]JSOZ#J***]@XPKR+]N'X)+\>/V</$.D1PB;4K2(ZCIW&6%Q$"R
M@>[KN3Z/7KM)(,HP(R"*YL9A88FA/#U-I)I_-":NK'XM?LW_`!LOOV>OC)HW
MBBS+%;*4)=Q#I<6S'$J'W*\CT8*>U?LYHFJV^NZ/:WUK*L]K>1+/#(O*R(PW
M*P]B"#7XX?M;?#9?A'^TGXQT*./RK:VU!YK9<8"PRXEC`]@C@?A7Z&_\$ZOC
M3!XE_8STV\U2\2)?!Z3Z?>3.<"**`;U)]A"R?E7Y5X>XZ>%Q>(RNN]%=KR<7
M:7WK7Y&5)VNC`_X*E_M.GX3_``I7PCI-P8M>\61LDKHV&MK/I(WL7^X/;?CD
M5\O?\$P?V>1\8_CRFMW]OYFB>#=E[(&&5EN23Y"?@0S_`/;,#O7E/[3/QON_
MVA_C7K7BBY,BP7<WEV4+'_CWMDXB3V.WD_[3,>]?II_P3]^!@^!7[->BVUQ#
MY6K:TO\`:NH9&'$DH!5#Z;(PBD>H/K6>`J/B'B%XB6M&CJNUD_=_\">OHK"7
MO2]#VX`*``,`4445^Q&X4,-RD>M%%`'SI\3=(7]B7P7XI\1>%M*N+^3Q-KD-
MW*L5N7BTV#"F0-CHF?-VG@`RJ.W/JC_'KP_:?$C3/"T]V(-0UO3EU'3W<@17
M:LS#8I_O@+G!Z@\9P:[66%)T*NH93P0>AKD_%GP%\'>.-5L;[5?#]A=W>FQ+
M#:2D%6MT5BRJFTC:`3D8Z5Y?U.M1;^JM<NEHO9:MRLU?5W['4ZT)K]ZM==>^
MUONL>;>)_CGI_P`:?$NJ?#B*[\9^"_%=G,8_/LK7S`,?=?S$W8B8$-EO+X(Y
M%>@?`7X1O\'O`$.F7.IW6MZE+(UQ?:A<NSR74K'K\Q)```4#)X'KFNN@T>UM
MKF6>.WB2>?'F2*N'DP,#<>IP/6K(&.!6M#!N-3VU9\TM4GJK*_:[5^[LON(J
M5KQY(*R_7[OP"BBBN\P"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHH
MH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHIKR*G)(`'7)QB
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MV8C<2>:SPSA[5^Q=XVU]7K_P7\BJB?*N??\`0WZ-P]16!\1OB;H?PIT!=4U_
M4H-,L6F2W$LN2"[G"C@$^Y]`"3P":\UTRV^)6N_%:'4IM4\.:_\`#S5X'MC!
MIDIAD@C?[LX;J[#@$K)T+%0#6E?&1IR4$G)Z:+6R?5K>WG9DTZ+DG)NR\^OD
MO,]H#J>`12YSTYKPSP=\"O%WPFB^(BV'BC5]4AU&R2;P]->W;W4UE,BRGRV$
MA8$;C&,X^8=>173?L\_%[5?&/P[\,3>+TL=,\0^(X);BUM8\H;F%-I\S:?NL
M596*YX!_`94,>Y24*T'"33\UH[;]W=6[WT'.A9.4)<R7W[7V\NIZ;1M'''2C
M-%>@8!12,ZKU8#ZFH[>^@NX@\4T4J-T9'#`_B*5P):*,YZ<T4P"@Y[44&@#\
MS/\`@K]X471?VF+#4HU`76=&ADD/]YXY)(\_]\A!^%>1_#_]HJ\\!?LT>-/`
MUJTD<GBJ_M9"Z\!8`KB<9[%BD*^ZEJ^C_P#@M-IZKXF\`77&^2VO8C]`T)_]
MF/YU\/U_.W%%2IA,ZQ#H.S=_NG'7\SFGI)V/3OV.OA$/C?\`M'^%]!EB,MBU
MT+J]!^Z;>']XX/LP7;]6%?LA$H2-5```X`%?`W_!&7X8K=:OXO\`%\T7-M''
MI-JY'&6/FR_B`L/_`'U7WW7Z5X=9<J&6_66M:K;^2T7ZOYFM):!1117WYH%%
M%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`444
M4`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`$X!)Z"O+8;&'XT?
M$K6HKG5+6ZTKPI?11P6ELMU;7-G>H%<O)(&5)`<_=VNN,<]17J1YX/0UYWJ"
MZQ\.OB+<7D%I?:OHFO2[I(K=$5-(\J!W+;1@NTTN!N.<<`D`"N/&)6CSJ\;Z
M]?3\;=^_F;47O;?H9OQ"^'J_"30O^$B\)6R6EQHB3N+$3M%8-'-<1RW$DB#J
M$02LH4'!<[5)P*]/L;F/4M/AGC(>.=`Z'D9!&0:\P\2^(K[X[:=!HVG:+<6F
ME:C%#=7-SK.E"6UF@+?/!L:162=2IX9&7@$\$&O4K2!;6VCB151(QM4*,``=
MA4810YY.E\-EZ7\OE;\!U':*4M_T'1Q*A)"@$^E.)QS10>01ZUW>A@>(?M`^
M+_!>N?&#PWX+\0^%-4\5ZM/$;VPMT:,6B[BREG625$9@(V^\#@9QU(/L'AKP
M[8>%M'ALM,L;33K.(?)!;1+%&GT50`*\D_::\57OPJ\2Z%J_A_PU;:EXC\3W
M$/AU-4G)9-.5I,HI4<D,SL>"`2HR3@"O7]-U.WNS-%'<12RVCB*<*P)C?:K;
M6'8[64X]"*\W"27UFJI-<UUTMHUHK[M]^B.FJG[.#6WKUZ^A;(R"",@UXA^T
M/X.TC0OB7H/Q#\3Z[>Z9HW@]4CTZTLHV:2:ZDD.0Y`/RL`B8X!YRP'7VUI`H
MSP:^=/B[KWPT_:%^,^D>$=0/BG6=;LIRJV5J)K:VLF7EY9-X0<*/O#<<8`ZX
M,YPX^Q4=.9M<JD[)ROIMJ]=;=;%8-/VE];6=[=NOIZGT7$X=1C-*YPI/H*2-
M-@&.F*<PW*1TS7J(Y#RP6L7QI^)6LVL^K6USI7A2[@6*SMENK:YM+U5602/*
M&5''/W-KK@#G.14?Q"^'"?"S1&\1>%+5+6]T1+F9;)9VAL9!/-$\\DJCJ$5)
M&``."QVJ3@5JW]OK'P[^(LU_;6M[J^C:_,OFPP1HBZ3Y<$C-)@8:1I9`@W')
M'<@`5E^)/$]_\<])M]'TO1;BSTW5((;JYNM:TGS;5H2V)(&C:1&6<$'AD9>!
MV(->-4C#EDI+]XV^FN]U9ZZ+2VMOR.R+=U9^[I?]?U/3-%U.'6=*MKR!_,@N
MHEFC?!`96`(.#@C@]Q5JH=/LH].LXH(42.&%!&B*H"HH&``.P`J:O8A>VIR2
M>N@44450CX`_X+3Z@K>)?`%J"=Z6]](>.Q:`#^5?#U?6G_!8?Q2NK?M&:/IB
M-N&D:+'O']UY)9&(_P"^0AKY+SCDC(%?SAQC653.*\ET:7W)+]#FF[RT/U<_
MX)@>!1X+_9#T&=HU2;79KC4I<$'=ND*(?^_<:5]"5Q_[/OA/_A!/@;X0T8KL
M;3='M;=QC'S+$H;_`,>S785^_9/AOJ^!HT/Y8Q7W+4Z(K1!1117HC"BBB@`H
MHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"@G`)]**Y;XP#7)_`&I6WAR[L+'6;R,
MP6US=RF..V+<&3@$EE7)`QR0.V:SJU.2#G:]BHQNTCF/BO\`M8>%/@]XVTK0
M=7FO%O-4G2(ND!$%JKD`/)(V%VY(SM)(')`%5H_CUX@L/VA;/P3JGA9;33]3
MBFGL=7CO3+%<I&A;&WRQA^,%=W'7D8)U/@S\-M>TKP$-+\:Z_I_C8,`$DDL1
MPO0J[%B)?]XJ#USFN[.BVV+<"WA`M/\`4_(/W/RE?E]/E)''8XKSZ<,55M4<
MN5-IVLKVZQ>KO?NK'1)TH7BE?1J]]+]&MON9R?PE^/>@?&&YU2TTV:6'5-#G
M:VU"QN$V36KJ[*<CHPRIPRDBNU**_)`.:\*^.WAO4O@IX;OKGX>:9<WGBWQK
MXBANY1$FXDJ1(^X\!8L1E3N(`\YN?FKVW1KF:\TFVEN(1;W,D:M+$'#^4^/F
M7(X.#D9'I6N#Q%1R=&M\4=VEIJW:WG9*_J16IQLIPV?W]"=8E7H`#3@,<"BB
MN\P"BB@G`)]*`(+_`$Z#4$19XHY5C=9%WJ&"LI!5AGN"`0:\/T#X*^-OA7I'
MQ3;3M:DUVZ\3Q2ZCI$PQ#=07QC==I!^3'^J`8$#Y,8`KT3XD_$6\T>_AT30K
M6&\\27D+3VZ723BS15(&998XW"9YVAL!BI&:S-2\4^,/!DC7VI6VE7NCM>B2
M9XBT,FF60@>21W))#M&ZXX`#`C[IKRL9[&<TY7O&^JZ737Y?=H=-)SBK*VO1
M];._]=SBKRR^+?Q0^$FG31+-X$\>:3<HLOF2Q2V&I1G`=RJ^8`,?-@@D%2!P
M<UZKX#\$W.EV5G>Z_-IVK^)HH#!-J<5BMN[(2&*#!)"Y`.,\D9P*V?#^NVOB
MC1+/4;*5;BSOH4N()5Z.C`,I_$$5=)P"?2NC#X.,)*HY.3LEJ^W6VU_-+4FI
M6;7*DEKT_+O;R"H[F]ALH'EFEBBC0%F9V"JH'<D]*X3XR_M#:/\`"&>PTPPW
M6N>*=;)CTG0=."R7VH,.K`$@1Q+U:5R$4`Y.<`M\$_#S7/$5Q%K7CFZMKG4"
MPEM]'M&8Z;I1'(`S@W$H_P">K@`$91$YSJ\0G/V<-6M_+U_RW.;FZ([Z*2.[
MA21&62-QE6!R"#W%`C1#P`#3A\H`P`*X35/B'JFN>-9='\-VUO,NFSB+5;F[
MCGC6$,F08&V>5,RD@LN\$8(Z\BZM94TK]32$'([P,#T(-%>;V'Q$\0>`[W3X
M/&::3'9W$4<+ZI:LT<;7DEUY44(C;)PZ,C9S\I#9SP:](5MP!]:5*O&I=+1K
M=/=#G!Q"D<X0GG@4M<U\8_'4?PR^%/B3Q!*0%T;3;B\&?XF2,LH_$@#\:JM5
MC3@ZD]DFW\B&S\F/VV?B$?B=^U-XTU19!+`FH-90L#E3'`!"I'L1'G\:\^\%
M:/\`\)%XRTC3MNXZA>PVP'KOD5<?K6?<3O=7$DLKF221BS,>2Q)R379_LUV8
MU']HGP'`5+"3Q!8#'K_I,=?RZZKQ>-YY[SGK\V<E[NY^TUK&(H$11A4&!4E`
M&!@#@45_4J5M#K"BBBF`4444`%%%%`!1110`444'H:`"BHQ=QF0IO3<!G&X9
MQZT]6#`$=#23`6BBBF`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%
M`!1110`4444`%%%%`!1110`5Y#^V%\./#?Q!\#Z7+XNU=-(\-Z#J::C?.20T
MZB.1!$I'.69P.,G&0.<$>O5B?$3P%I_Q,\%:GH6J1"6QU2!H)1W7(X8>C*<$
M'L0*Y,=A_;4)4K)W6SV\K^5]_(UH5.2HI7M8I?!O7-'\0_#71KS0+)M/T2>V
M4V,#1"+9".$(0?=!4`@=<$9P:ZC(ZY&*\4TGQ!XC\`_M&:#X3&DW5KX"BT/^
MSM.NU`>*>YC17W.5^X0D;*%;!/)&<U8\._M70>/O"?BIO#VGQWOB?PC-.ESH
MTL_ER7*12%2\;8.0RJ<<'#84XR">:EF-.,5"KI)75K6NTDW9=5KIY&L\-)OF
MCJG9_>]+O\SL/CBOB2X\!7</A2^T?3-4F!3[=J,C+%9H1RX`4@N.,;L`9SSC
M!7X`>$+_`,!_"'0]*U._AU2^M8"9KN*5I4N69V?>&;EL[LY/6O)M-^'&A_MO
MP:7XGUK0/&'AM;&:*3R+R<"TU.-3G:(RQRIQC>$0D'J>WT'<7$&B:7)-,\<%
MM:1EW=CM2-%&2?8`"C"R=:L\5;W;6B[O5/5NS2ML%7W(*CUOKIU];ZEC</45
ME^(TU9X-^DW.GI*HSY=S$[K)[;E8%?KAOH:\W\-^.]?^-^KV>K^&M02S\'R+
M);7=I=Z=-9:@&9<":*5LJ^TX8;0%QD$D]'V5EX]^&=OX9@N-7M_$=E#?78UR
M^O(A&ZV7SRQ2_+C:Z*H3`RI+?B-'CE-<T8MQ?VE;RU6NVOX.Y#H-.S:3[??_
M`%\QFO\`[5=O\)=3@M?B1HM[X.M[F010ZUYGVS1)7)X4W*J#"Q_Z;QQ@]B:]
M4TW4[;6-.ANK6>&YM[E!)%+%('212,AE8<$$="*Q-%U;0?CA\.H+J.*TU;0=
M?M-QBN(UDCFC<<HZ'(]05/0@BOCWXIVGBO\`X)4>+X_$OA9=0\1_`S5;H)J?
MA^20R2>&I';[]LS'Y8V)X!.TD[6Y*N,:V,GAH^VF^>D_M+=)]7;1KS5FNSW.
M2I*5-^\O7R/I_P`0:DO@KXW)J&H/?Q:7JEE#9QW,]ZPLXK@W"QQP1PC@RR&3
M)<_PIQP&K7^)'CK2].\(7\0,>J7$]K+Y5C;I'=SW0Y4[8"P\T`Y!4=<$5+X+
M\6^&/V@_ASIFNZ7)8Z[H.K(MU;.RB1"0<C*G[KHPP0<%64C@BG:'\&_#?AV^
M6ZMM)M/M$5W-?122@RM;S3'=*\9<GRRQY(7`S6T:=2S]BTXRUOZ]NZZHZ5.#
MLWT+/PPTR\T;P'I<&H7-W=7BP!II+I$CF+-\Q#*A*@C.,*2!C`XKR?\`:P_:
M]E^%.N:9X%\$Z?'XH^*7BCY-,TM6S%9(0<W5T1]R)0"<9!;:>@!(?^WA^V78
M?LB?"U;FWC34_%VN,;30M,&6:XF.!YC*.3&F03CDDJHP6R,;]@3]DO4/@[H-
M]XW\<SOJ_P`4O'&+O6;V?#26:MAEM4/0!<#=MX)4`?*BXYJU><JBP.&>J2YI
M?RK_`.2?3MNSFJ5'*7+'Y^1V7[,?[,:?!FWO-=\0:E+XJ^(7B`"36M>N5^>0
M]1!"/^65NG147`XR1T`];`QP**Y/Q=\5H/#^OP:3964^M:FSQ_:;>TFB,MA"
MYP)Y(RP<IG^ZK&O0A"EAZ:BM$OZ]6_QZFE.G]F)U4N2I`SR*\W^'FNP^"_&'
MB#2-8GN[6>ZOKB]LY=1U`S->P*L<DDD8/RQ0Q^<B!1TV,3SFK^A_%Z]M=5L-
M/\2:#/HEU?"Y/G+<+/:1"*98UW2X7'F>9&5^7G=@X(KI/$W@?2/&MNR:G86U
MX'AEM]SI\ZQR(4D4,.0&4D'!%9M^VM.D]8]]-^_5:;?\.:KW;QDMSCOC7K:^
M(;.VT/2)KN359[Z.!KC3K:*\FT@D?ZUPSCR?D8_O#R`3@9(KT:$;8U'/%8OA
M?X<:+X/N!/I^FVL%R+>.U-QMWW#Q(,(C2-EV51T!)Q6Y6M&G)2<Y[O[M/ZU%
M.2LDN@5\W_\`!5'QU_PAW[)6IVB/LF\0WMOIR\X)&[SF_-8F'XU](5\'?\%H
MO&I_XH?PZCG!-SJ,JY_W(XS^LE>%QAB_J^45Y]UR_P#@3Y?U,)OW6?"%>@?L
MIL$_::^'K,0JKXCL"2?^OA*\_KKO@%J@T;XY^"[ICM6WUVRD8^@%Q&37\\X&
M7+B:<NTH_FCF1^V5%)&^]`<8S2U_529V!1113`"0.I`JCJ7B;3M&EB2[O[*U
M>>188EFG6,R.Q(55R>6)!P!R<&K5VY2%F4%F`)`]>.E><?![PCI7BKPK%K^H
M0VFI:MJ3F2XN)GANG1HIRR1>;'&@<1.ORG!VD8#$`$\]6K)24(+5W?W6_P`R
MXQ5G)GI,,Z7$:NCJZN,@J<@CUIU<)\)K`>&?$.OZ#9^:NCZ68&LH]BB*V#H=
M\2MN+.=RER6``,F!G!KNZNA4<X<S5G_EH*<;.P4445J2%<O\7M?O/#O@:[GL
M99[>Z<I$D\444AM=SA3*1*Z(%4$DEC@8S@]#U%4?$7AVS\4Z1/8:A;17=I<`
M"2*1=RM@@CCV(!_"LZT92@XQ=FRH-)ILXX?`C0AI9VQW"7P0_P"FQW4JW!S,
MD[*KEBRJTD8;:#@9;&,FMOX3:Y?^(/`6GW.IK,M_M:*<R6CVAD='9"XC?YE5
MMNX9`R"#@9P,0?"KQ`]FFGS>+[JXTL)&CB2SB:ZGPS^8KR'@AT91PH(*9!Y(
MKL_#V@6GA;1+73K&%8+2SC$448)(51T&3R?J>37)AJ34^90Y5:WKVVTT[^9K
M4G=6;N7****[S`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHH
MH`****`"BBB@`HHHH`*#SQZT44`-,2D@D9(K+L/`6AZ5JC7UKHVEVU\Y8M<1
M6J)*VXY;+`9.>_/-:U%2XIZM#3ML(J!.@Q7-_%V/4IOAMK2Z5J46CWWV5S%?
M2IO2SP,F0C!R%`)Q@YKI:25!+&R,`RL""",@TJL.>+C?<<)6DF<C\#]>M?%/
MPVTJ^M-4OM<@FB.S4+N(12WN&*F7:``H8@D#`XQ6WXSBM)_"NHQ7J6\MI-;2
M1RQS2^5'*I4@JS?P@CC/;->?ZQ\+?%/@S4]:O?"&HV:6CZ''8:3I,L>R"PGA
M;,9!Y!5MS[L@'[HY`&&7WPX\6?%*[LD\4'0QX9OK-5U;0;FU%YMN5)&Z"9=I
M52,,&;)4C@`GCSHUZL*?LG3;DE;R?2][O3K;5VZ,W=.'-SJ6GX^G]:7-[]GI
M=3'P[A;4O^$?0O-*;6+1'$EC;V^\B..-@`"%48)QUS72>./!6E_$7PAJ>A:S
M9Q7^EZM;/:W4$@RLD;J01[=>HY!YJUH.A6OAG1K33[&".VL[&)8((HQA8T4`
M*H]@`*MGD$>M=E"CRTE2GK96=]3&I)2DWW/S=_8:^(&J_L'?MM^(/@1XCO)Y
M/#&O7N[1IY3A8YG`:WD'8":/",!_RT51Q@Y_0CX@>/=*^&?@;5?$.M7<=GI6
MCVLEW<S.>$1%)./4GH`.22!7Y_?\%TOAU-X9\1?#SXDZ8'MM0MY7TN2YC&&6
M2,BXMCGU!\X_@*Y__@I[^VM/\</A'\-O`?AEFENO&^G6.NZK!`<LS3!?(M>.
MI\PEB/58SWKY&CF?]EPQ&%EK[.S@O*6R^3_`\Z-7V7-#MM\SJ?V%_#6J?\%!
M/VNM<^.?B^UD'AWPK<"T\-V$HW1PRCYHU'8^4K"1CWDE!'3`_1&-=J`>E>=_
MLH_`JS_9N^`7AKPA:)'OTRT7[7(H_P!?<M\TTGOERV/08':O1:^BRC!2P]!>
MT=YRUD^[?^6QT4*?+#7=[@V=IQUKSKX?745O\6/&%O>RB74/M4)20V$5L@C>
M,LD22`!YV")EF)('`'W37HM<_P",?AKIOC:_L;N[69+S3#*;:>*5HWB\R,QO
MT.#E6/4''6NS$0D^64-6G?\`3];_`-7.F#6J?4Y[]I&\TM/AK/:W[:6\E_/%
M!:0Z@\OV>>Y\Q6B5EB#._P`X!V`?-C'?-=QHR3QZ3:K<NDEPL2B5E&%9L<D>
MV:Y;P;\%['P?J4%\VH:QJE_#:)9M/>7;-YRH25=XUVQM(!@;RN["CG.2>R4;
M0`.@J:,)N;JS5FTE;TOO]XYR5E&(4445U&85^7G_``5J\4G7OVLI+(/E=$TF
MVM=N>`S;IC^.)5K]0G)520.E?C[^WGKY\2?M?>/+@MN\K4?LN?\`KC&D6/\`
MQROSSQ*K\F60IK[4U^";_P`C*J]#R*K.CZB^CZO:7:9#VLR3+]58'^E5J*_#
MU)IW1@F?NOHU\FIZ5;7,3!H[B)9$(Z$$`@U9KSO]DOQ8/&_[-'@;4]XD>?1K
M=)&SG]XB"-__`!Y37HE?U7A*RJT(58[22?WJYUIW5PHHIEQ<QVD#RRR)''&I
M9F9@JJ`,DDGH*Z&QCF4.,$9%<=J/PB0:K/<Z7JVIZ/%>2J]S;6SCR741NA5`
M1^[)+[\J0=ZAN[9CU#X\:5IL5Q<2V&O+I]IYWGWIT^188O+"DG!&\J5;<K*I
M5@#@G%=7<7TMSIIFL1#/(P^0.Y5&.<8)`)'?L<>E<S=&MI>]M=#1*<->Y1\$
M>!['P-I;06B%IIW\VZN751->RX`,LI4`,Y"C)QVIOQ!\8Q>`_"5]JLPA9;1`
M526YCMDD<D*B&20A%W,0,D]^_2N+\4_M0Z9\*;^*#Q[INH>#[2>011:S<8FT
M:1R>`UTG$&>`#<+$">!FNO\`&.AP_$CP3/;6M\D27T:R6UY`$F\I@0\<J9RI
M((#`_0@@X-)R7LW&B]4OQ(C-2EJ_4P?[)\<S:6UZFOV*7KQN8K.2P46Z[G1D
M#E69BR*)$)5\,&!P",GI_`WBD>,O#%KJ!MKBS><-O@G`66%@Q4JP'0\=#R.X
M!XKF?^$G\81Z<MI_PC`^W%0#.EZAMD!E=,@GYF94$<A!`W!B`0PVUT'PX\'K
MX%\(6FG!K>26+>\TD-N+=)97<N[A!PN68GJ3SR2<FLZ'\3W;VMK>^_3?KOM\
M^AI-::VOY=C=S6#\1OB;H7PH\-2:MK^HP:=9(ZQ*SY9YI&.$BC107DD8\*B`
MLQ.`":X[]J/]J;0/V7O!5O?ZE'=:IK6K3BQT/0K$"2_UN[8@)#"G7J1N8\*#
MSR0#SG[/_P``/$.L^(X/B/\`%>XMM3\>SHQT_3(&WZ;X/A<8-O;#HTQ7B2X/
MS.<JI"``[3K^_P"SAJ^O9>OZ(YG4][EB>B>!=?\`$/C-UU.^L)/#FE,-UO8W
M*JU_,N.&FP2L6>OEJ68<;F4Y0;[^*M-CU%;-M0L5NW!98#.@D8`@$A<Y(!(!
M]R*Q_C%JTN@?#;5;F"8VK1Q8:<7*6WV9"P#2^8ZLJ[%);)4_=X!.!5&#X->%
M[KP?+93Z99307L;M<2M$D<D[2!?,D)15PS[5+%0N2`>U*52:ER0ULKZF\8I1
MO)G:A@W0@T5RGP;U2^U3P9&U_)/<30SSPBXE6-#<JLK`.%1F"KV`)S@#.#D5
MU=:TJG/!3M:XI1L[!1116A(4444`%%%%`!1110`4444`%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%``0#C(Z4=.!1118`HHHH`^/_
M`/@MUI*:A^Q<EPP4OI^OVDR9ZY*RQ_R>OAK_`()3_"Q_C+^VSX7DO0]U9^%X
MFUF;S,L`+=52`<]EE:'`]%Q7V?\`\%T/%L>C_LL:'I1D`GUGQ#%A,\E(H968
M_0,4_,5Y?_P0-\$+-J_Q%\2.@W01V>FPOCLQEDD'YI&?RK\\S.A&OQ%3IO9*
M+?RN_P#(\ZHN;$I'Z3!0N,#I1117Z&>B%%%%`!1110`4444`(Y&"#GFOQ3_:
M+U`ZK^T#XYN2Q;SO$%^P/M]H?'Z5^U<OW3GH*_$'XL2&;XI^)G*[2^JW3$>F
M9GK\L\4)?N</'SE^2,JVR.?HHHK\>,#]0/\`@DIX[_X2C]EE=+:3=+X<U*XM
M-IZA'(G4_3,K#\*^H*_.K_@C9\2!HWQ3\4>%Y7*IK5@E["">#)`^"![E92?^
M`5^BH.:_HK@O&_6<HHN^L5ROY:+\+'33=T%<K\:+"ZU+X8ZU#:1SS2M;DF*&
MUCN9)T!!>-8Y?D9G0,H#9&3T/2NJH(R"/6OIZL.>+A>US2+L[G):+XT\.6OA
M*"2"]TR&R@3R!''+&$5E9H_+4#`/SQNH`&"4('2H_@7I\FG_``^@5H7MH)IY
MYK>![>2"2*-Y690ZR$OO.2Q+8)+9PO0:-Q\+O#UW?M=2Z+I<EPZ>6SM;*=R^
M;YN",8/[SY^?XN>M;T48C4``<5A3I3YU*=M%;3SM_D7*:M9=2OK.B6?B+2KF
MQO[6WO;*[C:&>">,213(PP593P01P0>M?#WQ8OM>_P""1_CNT\1Z(NI:Y^SO
MKUVL&JZ(6::7P9/(W$UH6.1;LQ_U9.T-\HP67/W77.?%GX7Z1\9OAQK?A;7K
M5+S1]>LY+.ZB;J4=<9'HP."#V(![4L7AG4C>#M);/_/R?5'-5@Y*\=UM_78O
M^#/%VF>/_"^G:WHU[!J.DZM;I=6ES"VZ.>)P&5U/H00:YS]H?X]^'?V9OA#K
M?C/Q1=FUTG1H=[!2#+<2'A(8P?O.[$*!ZGG`R:^*?^",OQ;UCX2?$;XC?LX>
M*KIY[[P#>SW.C.Y.7MQ-LF1?]@L\4JCTG?L*ROC=XC?_`(*B?\%*=-^%UI(]
MS\)_A%,=0\0;"3%J=W&=KH<<$>9B`#KM%PP/(KB>9<V'C*"]^3Y4O[W6_DMS
MF^MMTHRBO>>EO/\`X!Z]^P/\(?$?Q\\9R_M&?%2W*>)/$,#)X0T>3+0^%]*;
M[I13TEF4Y+]2ISQO*CZ*LO&'B7Q5>M/H^G6EGI"7$:"34DGBN9D$FV?$95=O
MRX:-LN&P00N>.Q_LV-+#[,B)'"$\L(@VA5QC`QT&*\Y\#>(9/A'X<A\-7VAW
MY;3F:WLWTZR8VUV"KRJ$Y.T@#83(V2XY/S`G54O8*,)2=M;OJWIOZZ_D=^'I
M*,;)7?\`5V='X(\5K\0M(OK'5;*&#4;$BVU.R)\Z&-WC5]FX@!P4=<^F2#TJ
M@WP28*UM'XD\0QZ8X):U\\,2QN'F8[V!8AA(T94Y!3;W4$6/A?IU[?:MJ^OW
M]M+9G6#$MK;R2S%XK=%.W?&X`BD+.^Y5'IECV[.MZ5)5()U-7KKY?\$TE/E;
M42KHFB6GAS2H+&PMH+.TM4$<4,*"..-1T"J.`/I5JBBNM))61FV%%%%,0444
M4`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110
M`4444`%%%%`!1110`4'H:*1B0I(Z@4,#\M_^"\'Q,&M?&?P=X3CD#1Z%IDFH
M2J.TES)M`/N%@!_X'7L'_!!G34A_9V\8W8(,EQXD,9]<);0$#\V/YU\1?\%)
MO'[?$?\`;<^(%X'WQ6.H#2X^<A1;(L)`_P"!(Q_$U]P_\$';])OV;?%UL"=\
M'B5G/T:VM\?JIK\URO$^WXBG4?\`>2^2M^2/*I3YL4V?<M%%%?I1ZH4444`%
M%%%`!1110`CXVG/I7XD?&^U:P^-/C"!L[H-;O8SGKQ<.*_;:3.TD=A7XU?MA
M:&?#W[4OC^V*%`=<N9@/:20R`_DV:_+O$^%\-0GVDU]Z7^1E5V1YM1117XX8
M'I'[(GQ1'P<_:0\):])((K6WOE@NB>@@E_=2$_1')_"OV6B(:,$=#7X0_E7[
M"_L/_&0?&[]F?PSJLDOG:A:VXT^_).6\^'Y&8^[`*_\`P.OU?PRS)*5;`R>_
MO+\G^GXFU%[H];HHHK]=-@HHHH`*#T.>E%!.`3Z47`_'_P#X*7_%74?V'/\`
M@J_?^/\`PY&HU#7_``MYX7("^=-:2V2N?4+)!%(1W*>]?2?_``02^`S^!?V6
M]1\=Z@DC:Q\1-1>?S9/OM:V[O%'GW,GGOGN'%?'?_!P)XDCUC]NFSM865VTK
MPQ9P2CNKM+<2X/\`P%U/XU^N_P"S!\-8_@[^SGX&\+1QB/\`L'0[2S<`8S(L
M*AV/N7W$^YKY;+J/-F55WT@W9=G*R?Y'D86'-BIMO2-[>K_X8[JD:-6Y(ZTM
M%?4GKB!0O08I:**`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*
M***`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`*9<2+%!([$*JJ
M23Z#%/K(^(-VUAX"UR=<[H-/GD&/41L:F3LFP;/Y]?B%XED\9_$#7=8E8O)J
MVHW%ZY/4F25G/_H5?H)_P0+\9*H^)'A]V^8M8ZA$OJ,31N?TCK\X8<F,$G)Q
M7U?_`,$;?B>OP_\`VTM/TZ641VWBS3[C2VR<+Y@`GC_',.T?[]?BW#V)]GF=
M.I+J[/YZ?J>#AJEJR?<_8RB@'/(Y%%?M9[P4444`%%%%`!1110`5^4?_``5#
M\+_\(W^V/X@E5-D>K6UK>IQC.85C8^_S1M7ZN5^>_P#P6>\#M:>.O!OB-$.V
M^LYM/D;L#$XD7\2)7_[YKX3Q$PWM<H<U]B47_P"V_J9U5H?$]%%%?@QSA7V7
M_P`$?OC>/#GQ"UKP+>3;+?7X_MUB"<`7$2X=1[M'S_VRKXTK;^''CR^^%_CS
M2/$6F/Y=_HMU'=PG.`2K`E3[,,J?4$BO4R3,I8#'4\6MHO7S3T?X7^8XRL[G
M[BT5@_"_Q_8?%3X?:/XCTR026.LVB747/*AADJ?=3D$=B#6]7].TJD9Q4XNZ
M>J]#J3"BBBK&%(_W#]*6N6^-_C]/A7\'/%?B5R`OA_2+O43GI^ZA>3_V6IE)
M13;)E*R;9^"_[8OQ&7]H3_@H[XJU)Y!/9W_BQ-,@;.5:""5+6,CV*1@_C7]!
M\"".%5`P%&!7\PW@OQ`^F?$'2-5N929+;48;J61CDDK(&+'/7IFOZ=[29;BV
M212"KC</I7RW#-1U)5JCW;3^^YX^4SYI5)/=_P#!)****^K/:"BBB@`HHHH`
M****`"BBB@`HHHH`****`"BBB@`HHHH`****`"@D#J0**\V_:V\<ZK\-?V??
M$FN:+=&RU.PCB:"81K(8RTT:GA@0>&(Y%8XBNJ-*566T4V_1*Y=*FYS4%U=O
MO/2/,7^\OYT>8O\`>7\Z_,S_`(;Z^*__`$-<G_@!:_\`QNC_`(;Z^*__`$-<
MG_@!:_\`QNOD?]><%_)+[E_F>S_8-?\`F7X_Y'Z9^8O]Y?SH\Q?[R_G7YF?\
M-]?%?_H:Y/\`P`M?_C='_#?7Q7_Z&N3_`,`+7_XW1_KS@OY)?<O\P_L&O_,O
MQ_R/TS\Q?[R_G1YB_P!Y?SK\S/\`AOKXK_\`0UR?^`%K_P#&Z/\`AOKXK_\`
M0UR?^`%K_P#&Z/\`7G!?R2^Y?YA_8-?^9?C_`)'Z9^8O]Y?SH\Q?[R_G7YF?
M\-]?%?\`Z&N3_P``+7_XW1_PWU\5_P#H:Y/_```M?_C='^O."_DE]R_S#^P:
M_P#,OQ_R/TS\Q?[R_G1YB_WE_.OS,_X;Z^*__0UR?^`%K_\`&Z/^&^OBO_T-
M<G_@!:__`!NC_7G!?R2^Y?YA_8-?^9?C_D?IGYB_WE_.CS%_O+^=?F9_PWU\
M5_\`H:Y/_`"U_P#C='_#?7Q7_P"AKD_\`+7_`.-T?Z\X+^27W+_,/[!K_P`R
M_'_(_3/S%_O+^='F+_>7\Z_,S_AOKXK_`/0UR?\`@!:__&Z/^&^OBO\`]#7)
M_P"`%K_\;H_UYP7\DON7^8?V#7_F7X_Y'Z9^8O\`>7\Z/,7^\OYU^9G_``WU
M\5_^AKD_\`+7_P"-T?\`#?7Q7_Z&N3_P`M?_`(W1_KS@OY)?<O\`,/[!K_S+
M\?\`(_3/S%_O+^=4/%%F-7\,ZC:`JQNK66(#/7<A']:_-O\`X;Z^*_\`T-<G
M_@!:_P#QN@_M\_%<@@>*Y"3_`-.%M_\`&Z3XWP+5G"7W+_,/[`K_`,R_'_(_
M/OR&M28FSNC.TYZY'%;?PU\>7OPM^(N@^)M.)%]X?OX-0A&<!FB<.%/L<8/L
M:K^-XI(/&FK+*09/M<K'`"@Y<G.!P,YK,//!Z&ORZ,G&2E%ZK5'P$XRA4<>J
M?Y']$'@+QG8_$'P5I&O:=.LVGZS9Q7ML^?O1R('4_7!K7\Q?[R_G7X]?LE?M
MU_$7P?\`#*W\*Z9XFEM;/P^#';0FU@E*0LQ8#<Z$D!BPQG@;1TQ7J7_#?7Q7
M_P"AKD_\`+7_`.-U^GTN.<)R+VD)7MKHM^O4^UP65U,31C6A)6?K_D?IGYB_
MWE_.CS%_O+^=?F9_PWU\5_\`H:Y/_`"U_P#C='_#?7Q7_P"AKD_\`+7_`.-U
M?^O."_DE]R_S.K^P:_\`,OQ_R/TS\Q?[R_G1YB_WE_.OS,_X;Z^*_P#T-<G_
M`(`6O_QNC_AOKXK_`/0UR?\`@!:__&Z/]><%_)+[E_F']@U_YE^/^1^F?F+_
M`'E_.CS%_O+^=?F9_P`-]?%?_H:Y/_`"U_\`C='_``WU\5_^AKD_\`+7_P"-
MT?Z\X+^27W+_`##^P:_\R_'_`"/TS\Q?[R_G7S+_`,%7?AY_PFG[*]QJ4*B2
MX\,W\-_QR?+8F%Q]/WH8_P"[7S-_PWU\5_\`H:Y/_`"U_P#C=9GC3]LKXC_$
M#PGJ6B:KXB-WIVJV[VMQ"UC;`2(ZD$9"`CKU!R*\_-N*\#C,'5PSA+WHM;+?
MIU[DRR"NT_>7X_Y'S-13I8S%*R$$%#@@TVOPY,^9:MH%%%%,#[V_X)!?M$B:
MSU/X<:E<9>#=J.D;CU4G]]$/HQ#@?[3^E?=/FK_>7\Z_#GX?^/=5^%_C+3]?
MT2[DL=5TR7S;>9`"4."",$$$$$@@\$$BOHVP_P""@OQ5OK2.:/Q8Y5QG_CPM
MN/;_`%=?J_"7&E+#X)83%*3<-$U;X>G5;;>ECU<NP<L3>,6DUW['Z<^8O]Y?
MSH\Q?[R_G7YF?\-]?%?_`*&N3_P`M?\`XW1_PWU\5_\`H:Y/_`"U_P#C=?4_
MZ\X+^27W+_,]/^P:_P#,OQ_R/TS\Q?[R_G7S]_P5+\0/X=_X)_?%6XC<*9=$
M:T)SU$SI"1^(<U\F_P##?7Q7_P"AKD_\`+7_`.-UYK^V#^UW\1?B?^S9XLT3
M6/$+WFF7ULGVB$V=NF]5EC?JJ`C!4'@]JRK<9X.K3E3C&2;36RZZ=SFQN25X
M8><^9:)OKV]#\Z?TK^DW]D#XEQ_%[]EGX>^)5E6236-`LYYCG.)O)42CZAPP
M_"OYLJ^[?^"?O[<_Q!\%_`J+PEHWB22TLO#4\B06YM8)?+CE=I>KH6QO:3OQ
MTX%>;E6<4\OE*=9-Q?;O]Z/D>'J4JV)]C%I.2Z^1^TWF+_>7\Z/,7^\OYU^9
MG_#?7Q7_`.AKD_\``"U_^-T?\-]?%?\`Z&N3_P``+7_XW7K_`.O."_DE]R_S
M/M_[!K_S+\?\C],_,7^\OYT>8O\`>7\Z_,S_`(;Z^*__`$-<G_@!:_\`QNC_
M`(;Z^*__`$-<G_@!:_\`QNC_`%YP7\DON7^8?V#7_F7X_P"1^F?F+_>7\Z/,
M7^\OYU^9G_#?7Q7_`.AKD_\``"U_^-T?\-]?%?\`Z&N3_P``+7_XW1_KS@OY
M)?<O\P_L&O\`S+\?\C],_,7^\OYT>8O]Y?SK\S/^&^OBO_T-<G_@!:__`!NC
M_AOKXK_]#7)_X`6O_P`;H_UYP7\DON7^8?V#7_F7X_Y'Z9^8O]Y?SH\Q?[R_
MG7YF?\-]?%?_`*&N3_P`M?\`XW1_PWU\5_\`H:Y/_`"U_P#C='^O."_DE]R_
MS#^P:_\`,OQ_R/TS\Q?[R_G1YB_WE_.OS,_X;Z^*_P#T-<G_`(`6O_QNC_AO
MKXK_`/0UR?\`@!:__&Z/]><%_)+[E_F']@U_YE^/^1^F?F+_`'E_.CS%_O+^
M=?F9_P`-]?%?_H:Y/_`"U_\`C='_``WU\5_^AKD_\`+7_P"-T?Z\X+^27W+_
M`##^P:_\R_'_`"/TS\Q?[R_G1YB_WE_.OS,_X;Z^*_\`T-<G_@!:_P#QNC_A
MOKXK_P#0UR?^`%K_`/&Z/]><%_)+[E_F']@U_P"9?C_D?IGYB_WE_.@.IZ$'
M\:_,S_AOKXK_`/0UR?\`@!:__&Z[/]G?]L_XD>.?CAX6T?5/$CW6GZCJ,4%Q
M$;*W7S$)Y&50$?@:UH<:8.K4C3C&5Y-+9=?F34R.O&+DVM->O^1^@-%%%?7G
MBA7C_P"WE_R:CXO_`.N4'_I1%7L%>/\`[>7_`":CXO\`^N4'_I1%7!FG^YUO
M\$OR.G!_QX>J_-'YCT445^#'WX4444`%%%%`!1110`4444`%%%%`!1110`44
M44`%%%%`'B?QYT4Z;XY-R%(34(5DSVW*-I'Z`_C7%U[[\1/AY%\0+2V1K@VL
MMJY*R!-^01R,9'?!_"N5_P"&;X^^L29_Z]A_\50?GV;</8J>+G4H1O%N^Z6_
MJSAOA_XK;P;XIM[S)\@_NYU_O1GK^77\*^A8I5FB5T8.C@,K#D,/6O,C^S=&
M?^8P_P#X##_XJNZ\':!-X7T"&PENS>K;_+&YCV$)V7J>G\L4'M<.83&X52HX
MB-HO5:IV?79]34HHHH/IPHHHH`****`"BBB@#E/$OAZXEUB62"&22.7#Y4<`
MD<C\_P"=4/\`A&[[_GVE_*NZHKSZF70E)RNU?T/!K</T*DW/F:N[]/\`(X7_
M`(1N^_Y]I?RH_P"$;OO^?:7\J[JBH_LR'\S_``_R,_\`5NC_`#O\/\CA?^$;
MOO\`GVE_*MSPA%>:>SP3P2K"WS*Q'"GT_&MZBM*.`C3FIQD[_(Z,+DE/#U%5
MA-W7I_D%%%%=Y[05C_$31SX@\`ZU8JNY[JREC4?[10X_7%;%'X`TXNSN15IJ
M<)0?5-?>?`9!%>B_LP>/AX(^)]O'-)Y=EJR_9)B3@!B<QM^#8'T8US?Q7\+M
MX,^(VL::1B.WN6,7&/W;?,G_`(Z17/*Q5@02".A'45]'**J0L^J/PZC7G@\4
MIK24'^6C_P`C[\Y'!&#17%?`3XECXF_#^WN97#:C9XM[P=RX'#_\"'/USZ5V
MM?.S@X2<7T/VW#8B%>E&M3>DE?\`KT"BBBI-PHHHH`****`"BBB@`HHHH`**
M**`"BBB@`KT7]DG_`).6\$_]A:'^=>=5Z+^R3_R<MX)_["T/\Z[,N_WNE_B7
MYF6(_A3]'^1^J=%%%?OA^>!7C_[>7_)J/B__`*Y0?^E$5>P5X_\`MY?\FH^+
M_P#KE!_Z415P9I_N=;_!+\CIP?\`'AZK\T?F/1117X,??A1110`4444`%%%%
M`!1110`445A>-O'4/A"V1%0W%[<<0PJ<$\XR?;/XFM*-&=6:ITU=L4I**NS=
MHKE[3PSK7B"))=6U6>R#C/V:QQ&$![%NI/Y_6GW/@"YA3=8:[J\$R_=\Z8RH
M?J./ZUTO#4D^6557\DVOOL1[1M743I:*QO!L^L26]Q'K"1"6"38CH,"48SN]
M".1Z=ZV:YJU+V<W"Z=NJU1<975PHHHK,84444`%%%%`!2X/H:2N=O=%UJ3QY
M;WL5VJZ4JX>+>1V.1M[DGG/^%;4:2J-IR2LF]>MNGS%*36RN=%1116(PHHI<
M$]J`$HI2I7&1C-)0F`9I<'T-9?C;2K_7/"&IV6EW[:7J5U;/%;7@&3;2%2%?
M'?!P<>U>/O\``SXK:9I=Q<2?&2[E>")G"'1(F4X4G&2_MUQ710H0FO>FH^M_
MT3,ZE24=HW^X]SHY].M?)'[+NK_%+]I?PGJFI-\3;O1?[/NA;!%TN"8R'8&S
MD;2.H&*]X^"WPY\8>!=1U.3Q3XUF\70W21BV5[46_P!F*EMQP"0=P*_]\^];
MXK`QH.4)5$Y+IK_E;\3.CB/:)-1=GUT._HHZ>G-%>>F=`44#DXR*.^,YI@%%
M%&><=Z`,;6_AUH'B6^-UJ&C:;>W+`*99K=7<@=!DBJ?_``IKPF>/^$;T7G_I
MT3_"M_4=0ATG3KB[N9!#;6D332N02$15+,>.>`":YKX0_&;1/CAH5[J>@/<S
M6%E=M9F66+R_-=55B5!YVX<=0#G/%:Q55P<U>R.:>%P[E[T(MOR1%X7UCP/X
M=\;7'A[2)M!LM?(Q-8VVQ+@A5W_,HYP%.>?6NQ/7CI7R]X4L0/\`@I[XD?;@
M)I:RCWS:6ZD_J:^H,YX]*VQM#V<H6=^:*?WCPS7*XQBDDVK+R"BBBN0Z`HHH
MH`****`"BBB@`HHHH`****`"BBB@`KT7]DG_`).6\$_]A:'^=>=5Z+^R3_R<
MMX)_["T/\Z[,N_WNE_B7YF6(_A3]'^1^J=%%%?OA^>!7C_[>7_)J/B__`*Y0
M?^E$5>P5X_\`MY?\FH^+_P#KE!_Z415P9I_N=;_!+\CIP?\`'AZK\T?F/111
M7X,??A1110`4444`%%%%`!1110`HY('K7F^BJ?%'QHN9)R'2P,FP=1\GRK^I
MS]:](!P0>E>:Z'(/#GQJNXI<HMX\@4G@?/\`.OYGCZU[&4KW*[C\7([?J85U
MK'M<]*)I*7I28SQR,UXYO<4<_6N"TCQ_K.LW6HV5M!;SWT4I2$[=L<2`L"['
M//08'O5GX.:W>:TFI-=W4]R89$5/,8MM'S=/RJ/X11@:MX@D(7<;G&>^-TE>
MY#"QPZKJHE)QY;?-_P#!U.:51SY6G:]R[=>+[WP9X8C?6`MSJ<TK)#''@!_3
MH.GZ\BKMEIVOWMLLMQJD-E,XSY$-JKHGL2QR3]*YOXE$O\2]`C<GR0T7!Z<R
M\_TKT(Y!(/45CBFJ5*%2,5>=V]%;>R23T14'=M-[',:'XQN;?Q*VBZO'"EVP
MW0319$<XQD<'H3@_B,5'X2\7WUWXQU'2-1\GS+92T+(FW>`>O7NI!K+^*@\K
MQOX?>/B9F'3K@2#'ZDU-\1X_^$7\9:3KJC$;D07&.!C'7_ODG\J[(8:C4C%*
M*3JQ=O*47T[)]C-U))OR?X'0>//$C^%O#4UU$%:X)5(5(R&8GT^F3^%+X$\0
MMXH\+V]Y(4\XEDE"C`#`_P"&#^-0:@J:_P".;2V($EOID1NI!C*EV^5!^6XU
MC?#N0>%O%6L:+*0D*L;F'<>-O'_LI7\C7%'#PEA))+WU:7G9Z6_)_,TE)J:O
ML]#<U+7KEO&MEIEH$,8B:>[8KDJN<`#T)/\`.J>H>++VV^)=GI*"+[)<1[R=
MN6^ZQZ_5:F\!0&_^W:S(I#ZK+F+/40KP@_K^59>J?\ENTW_KU;_T&2M:%*G[
M2=)Q3Y(2_P#`EK?Y/3Y$SE+E3[O\"QX[\<7?A7Q+IT$:));7*AG4)F1OFQ@<
M]^!4E_;>+9K=[B&[L+=P-RVBQ[^/[I8CD_3`JA\05#_$CPTI`(+C_P!#S7<$
MDY/>IK5(4:-&4(1;:;=U>^K_`*[CC%RE)-O1G/?#OQLWB[3)C<1I#=6;;9@,
MA2#G#8/3H>/:JOA_Q+J/CR\NI+*=-.TVV?RUD\H22S'U&>!Q[=QUJC\)XA)K
MWBB(':IGV_3YY*;X`OD^']Y?:-J3B$^9Y\,N"4=2`.V<=!U]ZZ,1A:<)UO8Q
MO)<K2WLGO9=;?@33G)J/,]-;_+8EUW6M:\-^);.SGU1&M+_Y8;AK52RMD<,!
M@8Y'/O796<<L5K&L\HGF50'D"[0Y]<=JXOQ)')\0_%&FQ644IL+!_,EN6C*H
M<E20I.,\+V]?:NY8[F)]:XL>XJG3324K:V2772]NK70NDGS.^W02J^KH)='O
M%.<-`X_\=-6*KZQ((=&O7()"P.?_`!TUYT/B1M+8^:O^"7*@?"WQ(O)/]K#_
M`-$I78^*OVA=<\??&>Y\`?#Z*P6ZTM6;5]:O4:6"Q`(#*D8(WN"0O)QNR,8!
M(X__`()=G=\+/$;*#DZL,?\`?E*S/^":+F[\2?$6[NB6U.6XM_-+<N-SW!;D
M^K?RKZ/%T8>WQ->:NXVLO-V5_D>;1F_9TZ:=KW_`]5\8:#\5?`GAZXU72?%M
MCXMN+)3-)I=]HT5L+E0,E8WB(8-CH#G/3-:GP=_:7T+XL_"&\\6KNL(M'CD;
M5+9FWO9F--[=,;E*C*G`R/0@@>CJ>:^-/V./"1\;:[\:O#-O*;?3-5AELT<<
MI$S27$:-@>BDGZ"N"A"&(H3E423@T[I):-V:[>9T5)2IU(J+OS)Z/NCU7X+_
M`!`\=_M/:9>^(K36+?P3X;%P]OI\%O8QWEW<A>LDCRY0#/'RKU!';)P;_P"(
M?Q)\+?M!6_@#6/&UA"-:MOM&D:F=#BD$Y^;Y)$#*%;*,."03C^\,)^R3\6]-
M^!_@^]^'_C29=#UKPW>2X9E:2">*1C("LB@C.2W!P2",<Y`8VAW_`.TQ^UUH
M'BK3K"^M?!O@Z--FHW-N\`U"56=QY0<`LI=E&<<!23U%=K@HUJB<$J:3L[+_
M`+=:;W;^>[,DW*$=6Y-J^OW^AUOQX_:,U?P3XOT#P#X4M[36?'&M(@>6X0K;
M6BD8,CJIZG:SXS\JKDYX%7O$GA/XL^%O"L^J6/C?3O$&J641G?3+C0XHK:YV
MC+1HZ,)%)Z`D\G&<9X\3TVRU[Q-_P46\4G2=0T[3M7M(I&MYK^U:YCV+##'M
M"!E()1N#GIGUKZ$F\.?%0P%4\6^#PW_8OS8_]*3_`"K&O2A0C3C'EU2D[J[;
M>O9V730N$I3<F[[V5NEOGOZG)Z9\<-7_`&COV=;K5O"4>B6-\JSVNLVNIF5U
M@40MN$93DD[E*EN,9!Y%<#_P3\LO'D?PF@DT5O"2>')]8=[K[:+@WIP(A)LV
M?)]T?+GOUXKN?@[^SG=?LT_"CX@"[UB#5!JMG+<CR;<PK`4ADSP6/7</RI?^
M"<Z!/V9;,@$;KZY8_7?C^E75J4J>'K*@DX\T;?--]>Q$8RE5@YZ.S/._$?BV
M^\(_\%%O$#Z5IQU76+_3([.QMB^R-I6MX#ND;^&-55F8CG"\<FNO^+5U\=?A
M;X9N_%*^(O"^K6FG(9[O2[?3MJ1QCEBC,-[JHR3\P.`3S6?X91)?^"G/B$LH
M9HM&4J?[I-M;C/UPQ'XU[U\6%#_"GQ0K*&5M)N@01D']R]+$XB,)T8N"=XQO
M=7_X8=.FY*3NUJS$^!7QQLOC'\&[3Q9(L>G1A)!?(S96U>/_`%G/]W'S`^A%
M>=?#7XR>-OVJ/$.JW?A6\M/"'@S2YC;1WTMBMW>7TF`>%<[%&""1CC<!R>GG
M'P/N;G3?^";/C62V+"1Y[E"5Y(1A`C_^.EJZK]B?PUXX;X`Z7<>'_$/AFPTV
MZEN'\BYTB2XF602LI+.LR`Y"@CC@8';-55P5*BJU165I<JO=I=7I9Z[I7'"K
M*;A'NKNQTGCCXT^+/V8O&>B1>,M0M/$_A#79OLPU5+-;2[L)>/\`6*A*,N.>
M`"0&],&?]KO]HS6/@)XF\$+I\EBNE:Y/*NH/+`972)'@RR8/7;(WK5?XY_LT
M>.OC]X:@TC6_%WAM;.WN!=(;;19(I!($9>IF;C#&N1_;;T);/QC\#M,N6%TL
M6H_9968<3`262,2#V//YTL)2PU2I33M)VES)72T5T]EJ*K.HH2W2TMWW._\`
MAYK_`,7?&7Q7TS5M5TVRT+P)="4_V?NB:\1/*8Q--G+!BVW(0C&<$=37M%.D
M^^?K3:\6O6522:BHV5M/ZW\SLA#EZW"BBBL2PHHHH`****`"BBB@`KT7]DG_
M`).6\$_]A:'^=>=5Z+^R3_R<MX)_["T/\Z[,N_WNE_B7YF6(_A3]'^1^J=%%
M%?OA^>!7C_[>7_)J/B__`*Y0?^E$5>P5X_\`MY?\FH^+_P#KE!_Z415P9I_N
M=;_!+\CIP?\`'AZK\T?F/1117X,??A1110`4444`%%%%`!1110`5SOCSP!'X
MN2.>&06U_;_ZN7L><X..?H>U=%16V'Q$Z,U4INS0I14E9G*Z9XHUK2(E@U;2
M+NY9!C[1:`2^9[D`]?\`.*NGQM-*O^C:'K,LF>!)"(E/XL>*W:*VEB*3?,Z:
MOY-V^ZY*A)=3D_A/X3OO"UK>F^C2)[IT95#AR,;NN..]'PST2]TB_P!9:ZMI
M($N9]\1;'SC<Y[?4?G764557,*E3VG,E[]K^5NPHT4K>1SWQ"\%OXKLX9+:1
M8K^S;="S<`_[)/;D#!J6T\6W4=LBWVD:E'=@8=88O,C8^JL#C'UK<HJ%B[TU
M2J+F2V[J^_R!T]7):7.2TWPO>^)?&*:UJD`M(+4`6ML6#/QG#-C@<G/U^E:O
MC[P\?$OA:[M47?.!YD0]74Y`_'D?C6Q11+&U'4C4VY;6716&J:LT^ISOPUT*
MZTC1&EOPXO;I@7W\L%4;4!^@'ZUF_$;P??ZMXAL;O3@ZM-&UM.ZD#8AR,G_@
M+,/P%=I15PS"I&N\0K7=_3703I)Q41EK:)86L4$2A8X5"*!V`&!7*ZCHE]+\
M6;*_2VD:SAAV-*,;02K_`-2*ZVBL:&*G2<I+5R36OF.<%))/H<AXUT6^U#Q]
MH5S;VTDMO:LID<8PGS\_IS78#J*2BE6Q#J0A!JW*K?C<(PLV^YR7PRT.]TO6
M-;EO+:2!;J8-$6QA_F?T^H_.LG3-9U;0O%&L"PLDUN*ZN"[2QL<)UPI;H"`>
MGM7=:W%-/HMXEN2+AX76+!P=Q4X_6L'X2W\#>$8+12([JU+)/$PPZMN)R0>>
M?Z>U>I#%.<*N(G%._*FM;>N]^G<Q<4G&%[%*[^*.H:"8VU30+FU@8X,BR;@/
MTP3[9%=?87\6J64-S`V^&=`Z'U!%8'Q.OX7\.2Z>NV>]OBJ0P+\TA.X'..H`
MQUK5\*Z4^A^'+*T<AI((E5B.1G'/X9KFQ,:,L/&K&/))MJUWJK;ZWZZ&D')2
M<6[HOU2\3)++X:U)($:2=[658T'5F*$`?G5VBO.B[-,U:/GK_@GK\+?$GPH\
M&^(K/Q'I%SI,ES>130+-M)E780Q&">A`_.GO\&_$7[._Q[U/QEX2TJ3Q#X:\
M39.K:5;R)'=6KEMYDB#$*XWEB!G(#,/1J^@J*[IYC4E5G4:7OZ-=#".&BH1B
MGML>5^-?C?XAUKPY/9>$/`_BZ37KI#'#+J5C]AM;-B,>8[R,,[>H"YR1UIW[
M+'[/*?L[_#RY@N[N*YUO57^U:E>+]Q6"G"*3R57+')ZDL>.@]2K@?VI='U?7
MOV>_%=IH:S2:C-8D)'%DO*@93(BXY),8<8')SBBG7<TL-32C&35WOY:^2[#E
M"W[QZM+0^=_V>OB5\1OA7;Z]HV@>$(?B!ISZI-<G6[65TBO)#@,1,1MDY7/'
M()(YXKN9_P!NS6/AYKUI;?$#X=ZMX8L[MMBWD<QG0'N0"@#`=3ALX['I7HG[
M)?C'1?%/P%\-0Z3<6S2:9816=W;*P$MM-&H5PZ]02P)R1SG/>N(_;EO;7XD^
M%-.^'^C+#JWBS6-0BDAMHB':QC3.^>3'^K4`XR<<,?0UZ3J4JV*=*M26^KNT
MUW>]O/:QRN,HT^>$_1?H.^/'P&UW4/B9I'Q4^',EG=:[;QHT]G(X2/4XMFT,
MK'`RT9VD$C(VD$$<]-I?[26N7UDD4OPL\?1:OC:T'V>(6F[_`*^&8+M_VL#Z
M5Z1X3\/IX2\*Z7I4;F6/3+2&T5_[PC0(#^E:%>7+&*45"I%2Y=$]4[=M#IC2
M:NXNU]_4X[1='\2^-_AEK=EXJBL-.U#7([B".VM)#*EA#)%Y:HSX&]P<L6'!
M)XXQ7DG[(-YXC^`W@Z[\%^)/!_B=KBTOI);6\L+3[3:3H^W/[P$*,$$Y)Z-V
M((KZ,HJ8XOW)TW%6DT[;6:[?\$;H^\I)ZH^>O#OPS\2VO_!0#6O%,FCW<?AV
M\L_LZWQ*^4V+6)?7/+(1TZU[3\3[&ZU3X:>([6RA:XO+K2[F*"(=9)&B8*H^
MI-;E%36Q<JDH2:7NI+[ATZ2BFK[_`*GA_P"QQ\'[_P`._LVWWACQ9I4UDVHW
M5TD]M-C<\,B*N>"1R,US/PJ\,^._V-]2U#18_#]_XX\#W=P;FUGTS:U[:,<`
MYB."<@#(&!D9#<D5]+45O+,9RE-S2:F[M>?==;DK#I*-GK'8\M;XM>,OB`\5
MGX9\$ZSH2R.HN-3\1HEJEJF?F*0AF>1L9QT&<9XKE_VQ?AGX@\??$GX7WNBZ
M3=:C::#JC7-[)%MQ`GG6QR<D=D8\>E>]45%+&>RJ*I3BE:_?JK:E3H\T7&3%
M<AF)'(-)117$:A1110`4444`%%%%`!1110`5Z+^R3_R<MX)_["T/\Z\ZKT7]
MDG_DY;P3_P!A:'^==F7?[W2_Q+\S+$?PI^C_`"/U3HHHK]\/SP*\?_;R_P"3
M4?%__7*#_P!*(J]@KQ_]O+_DU'Q?_P!<H/\`THBK@S3_`'.M_@E^1TX/^/#U
M7YH_,>BBBOP8^_"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`***
M*`"BBB@`HHHH`****`#-4=2\,:=J\OF7-E;32]-YC&[\^M7J*J%24'>+L#2>
MY3TSP]8Z*S-:6EO;LW#,B`,WU/4U<HHHG.4G>3N"26B"BBBI`****`"E!(Z<
M8I**`.0\3?`'P5XQU5[_`%+PQI%Q?2G,EP(!'+)[LRX+?B:U/!?PV\/_``YM
MI(M!T73-)68@R&VMUC:7']Y@,M^)K;HK25:HX\CD[=KZ$J$;WL%%%%9E!111
M0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!7HO[)/_`"<MX)_[
M"T/\Z\ZKT7]DG_DY;P3_`-A:'^==F7?[W2_Q+\S+$?PI^C_(_5.BBBOWP_/`
MKBOV@_A9-\:OA%K7AF&\CL)-52-!.Z%UCVRH^<`@G[N.O>NUHK.M2C5A*G/:
M2:?HRX3<)*4=UJ?$7_#IK5?^ATT__P`%[_\`Q='_``Z:U7_H=-/_`/!>_P#\
M77V[17SO^J&6?\^W_P"!/_,]#^V,7_-^"/B+_ATUJO\`T.FG_P#@O?\`^+H_
MX=-:K_T.FG_^"]__`(NOMVBC_5#+/^?;_P#`G_F']L8O^;\$?$7_``Z:U7_H
M=-/_`/!>_P#\71_PZ:U7_H=-/_\`!>__`,77V[11_JAEG_/M_P#@3_S#^V,7
M_-^"/B+_`(=-:K_T.FG_`/@O?_XNC_ATUJO_`$.FG_\`@O?_`.+K[=HH_P!4
M,L_Y]O\`\"?^8?VQB_YOP1\1?\.FM5_Z'33_`/P7O_\`%T?\.FM5_P"ATT__
M`,%[_P#Q=?;M%'^J&6?\^W_X$_\`,/[8Q?\`-^"/B+_ATUJO_0Z:?_X+W_\`
MBZ/^'36J_P#0Z:?_`."]_P#XNOMVBC_5#+/^?;_\"?\`F']L8O\`F_!'Q%_P
MZ:U7_H=-/_\`!>__`,71_P`.FM5_Z'33_P#P7O\`_%U]NT4?ZH99_P`^W_X$
M_P#,/[8Q?\WX(^(O^'36J_\`0Z:?_P""]_\`XNC_`(=-:K_T.FG_`/@O?_XN
MOMVBC_5#+/\`GV__``)_YA_;&+_F_!'Q%_PZ:U7_`*'33_\`P7O_`/%T?\.F
MM5_Z'33_`/P7O_\`%U]NT4?ZH99_S[?_`($_\P_MC%_S?@CXB_X=-:K_`-#I
MI_\`X+W_`/BZ/^'36J_]#II__@O?_P"+K[=HH_U0RS_GV_\`P)_YA_;&+_F_
M!'Q%_P`.FM5_Z'33_P#P7O\`_%T?\.FM5_Z'33__``7O_P#%U]NT4?ZH99_S
M[?\`X$_\P_MC%_S?@CXB_P"'36J_]#II_P#X+W_^+H_X=-:K_P!#II__`(+W
M_P#BZ^W:*/\`5#+/^?;_`/`G_F']L8O^;\$?$7_#IK5?^ATT_P#\%[__`!='
M_#IK5?\`H=-/_P#!>_\`\77V[11_JAEG_/M_^!/_`##^V,7_`#?@CXB_X=-:
MK_T.FG_^"]__`(NC_ATUJO\`T.FG_P#@O?\`^+K[=HH_U0RS_GV__`G_`)A_
M;&+_`)OP1\1?\.FM5_Z'33__``7O_P#%T?\`#IK5?^ATT_\`\%[_`/Q=?;M%
M'^J&6?\`/M_^!/\`S#^V,7_-^"/B+_ATUJO_`$.FG_\`@O?_`.+H_P"'36J_
M]#II_P#X+W_^+K[=HH_U0RS_`)]O_P`"?^8?VQB_YOP1\1?\.FM5_P"ATT__
M`,%[_P#Q='_#IK5?^ATT_P#\%[__`!=?;M%'^J&6?\^W_P"!/_,/[8Q?\WX(
M^(O^'36J_P#0Z:?_`."]_P#XNC_ATUJO_0Z:?_X+W_\`BZ^W:*/]4,L_Y]O_
M`,"?^8?VQB_YOP1\1?\`#IK5?^ATT_\`\%[_`/Q='_#IK5?^ATT__P`%[_\`
MQ=?;M%'^J&6?\^W_`.!/_,/[8Q?\WX(^(O\`ATUJO_0Z:?\`^"]__BZ/^'36
MJ_\`0Z:?_P""]_\`XNOMVBC_`%0RS_GV_P#P)_YA_;&+_F_!'Q%_PZ:U7_H=
M-/\`_!>__P`71_PZ:U7_`*'33_\`P7O_`/%U]NT4?ZH99_S[?_@3_P`P_MC%
M_P`WX(^(O^'36J_]#II__@O?_P"+H_X=-:K_`-#II_\`X+W_`/BZ^W:*/]4,
ML_Y]O_P)_P"8?VQB_P";\$?$7_#IK5?^ATT__P`%[_\`Q='_``Z:U7_H=-/_
M`/!>_P#\77V[11_JAEG_`#[?_@3_`,P_MC%_S?@CXB_X=-:K_P!#II__`(+W
M_P#BZ/\`ATUJO_0Z:?\`^"]__BZ^W:*/]4,L_P"?;_\``G_F']L8O^;\$?$7
M_#IK5?\`H=-/_P#!>_\`\71_PZ:U7_H=-/\`_!>__P`77V[11_JAEG_/M_\`
M@3_S#^V,7_-^"/B+_ATUJO\`T.FG_P#@O?\`^+H_X=-:K_T.FG_^"]__`(NO
MMVBC_5#+/^?;_P#`G_F']L8O^;\$?$7_``Z:U7_H=-/_`/!>_P#\71_PZ:U7
M_H=-/_\`!>__`,77V[11_JAEG_/M_P#@3_S#^V,7_-^"/B+_`(=-:K_T.FG_
M`/@O?_XNC_ATUJO_`$.FG_\`@O?_`.+K[=HH_P!4,L_Y]O\`\"?^8?VQB_YO
MP1\1?\.FM5_Z'33_`/P7O_\`%T?\.FM5_P"ATT__`,%[_P#Q=?;M%'^J&6?\
M^W_X$_\`,/[8Q?\`-^"/B+_ATUJO_0Z:?_X+W_\`BZZ3X._\$U=3^&'Q2T'Q
M#+XKL;R+1[Q+IH5LF1I0I^Z"7.*^N:*NEPKEU.:G"&J=UJ^GS%+-\5).+EH_
M)!1117T9YI^`G_#[']IS_HIG_ENZ3_\`(M'_``^Q_:<_Z*9_Y;ND_P#R+110
M`?\`#[']IS_HIG_ENZ3_`/(M'_#[']IS_HIG_ENZ3_\`(M%%`!_P^Q_:<_Z*
M9_Y;ND__`"+1_P`/L?VG/^BF?^6[I/\`\BT44`'_``^Q_:<_Z*9_Y;ND_P#R
M+1_P^Q_:<_Z*9_Y;ND__`"+110`?\/L?VG/^BF?^6[I/_P`BT?\`#[']IS_H
MIG_ENZ3_`/(M%%`!_P`/L?VG/^BF?^6[I/\`\BT?\/L?VG/^BF?^6[I/_P`B
MT44`'_#[']IS_HIG_ENZ3_\`(M'_``^Q_:<_Z*9_Y;ND_P#R+110`?\`#[']
MIS_HIG_ENZ3_`/(M'_#[']IS_HIG_ENZ3_\`(M%%`!_P^Q_:<_Z*9_Y;ND__
M`"+1_P`/L?VG/^BF?^6[I/\`\BT44`'_``^Q_:<_Z*9_Y;ND_P#R+1_P^Q_:
M<_Z*9_Y;ND__`"+110`?\/L?VG/^BF?^6[I/_P`BT?\`#[']IS_HIG_ENZ3_
M`/(M%%`!_P`/L?VG/^BF?^6[I/\`\BT?\/L?VG/^BF?^6[I/_P`BT44`'_#[
M']IS_HIG_ENZ3_\`(M'_``^Q_:<_Z*9_Y;ND_P#R+110`?\`#[']IS_HIG_E
MNZ3_`/(M'_#[']IS_HIG_ENZ3_\`(M%%`!_P^Q_:<_Z*9_Y;ND__`"+1_P`/
ML?VG/^BF?^6[I/\`\BT44`'_``^Q_:<_Z*9_Y;ND_P#R+1_P^Q_:<_Z*9_Y;
MND__`"+110`?\/L?VG/^BF?^6[I/_P`BT?\`#[']IS_HIG_ENZ3_`/(M%%`!
M_P`/L?VG/^BF?^6[I/\`\BT?\/L?VG/^BF?^6[I/_P`BT44`'_#[']IS_HIG
M_ENZ3_\`(M'_``^Q_:<_Z*9_Y;ND_P#R+110`?\`#[']IS_HIG_ENZ3_`/(M
M'_#[']IS_HIG_ENZ3_\`(M%%`!_P^Q_:<_Z*9_Y;ND__`"+1_P`/L?VG/^BF
M?^6[I/\`\BT44`'_``^Q_:<_Z*9_Y;ND_P#R+1_P^Q_:<_Z*9_Y;ND__`"+1
M10`?\/L?VG/^BF?^6[I/_P`BT?\`#[']IS_HIG_ENZ3_`/(M%%`!_P`/L?VG
M/^BF?^6[I/\`\BT?\/L?VG/^BF?^6[I/_P`BT44`'_#[']IS_HIG_ENZ3_\`
M(M'_``^Q_:<_Z*9_Y;ND_P#R+110`?\`#[']IS_HIG_ENZ3_`/(M'_#[']IS
M_HIG_ENZ3_\`(M%%`!_P^Q_:<_Z*9_Y;ND__`"+1_P`/L?VG/^BF?^6[I/\`
M\BT44`'_``^Q_:<_Z*9_Y;ND_P#R+1_P^Q_:<_Z*9_Y;ND__`"+110`?\/L?
MVG/^BF?^6[I/_P`BT?\`#[']IS_HIG_ENZ3_`/(M%%`!_P`/L?VG/^BF?^6[
MI/\`\BT?\/L?VG/^BF?^6[I/_P`BT44`'_#[']IS_HIG_ENZ3_\`(M'_``^Q
M_:<_Z*9_Y;ND_P#R+110`?\`#[']IS_HIG_ENZ3_`/(M'_#[']IS_HIG_ENZ
*3_\`(M%%`'__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>84
<FILENAME>p2.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 p2.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_X0!F17AI9@``34T`*@````@`!`$:``4`
M```!````/@$;``4````!````1@$H``,````!``(```$Q``(````0````3@``
M``````!@`````0```&`````!4&%I;G0N3D54('8U+C`P`/_;`$,``@$!`@$!
M`@("`@("`@(#!0,#`P,#!@0$`P4'!@<'!P8'!P@)"PD("`H(!P<*#0H*"PP,
M#`P'"0X/#0P."PP,#/_;`$,!`@("`P,#!@,#!@P(!P@,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#/_``!$(`/D"
MI@,!(@`"$0$#$0'_Q``?```!!0$!`0$!`0```````````0(#!`4&!P@)"@O_
MQ`"U$``"`0,#`@0#!04$!````7T!`@,`!!$%$B$Q008346$'(G$4,H&1H0@C
M0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I*C0U-C<X.3I#1$5&1TA)2E-45597
M6%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJ
MLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7V-G:X>+CY.7FY^CIZO'R\_3U]O?X
M^?K_Q``?`0`#`0$!`0$!`0$!`````````0(#!`4&!P@)"@O_Q`"U$0`"`0($
M!`,$!P4$!``!`G<``0(#$00%(3$&$D%1!V%Q$R(R@0@40I&AL<$)(S-2\!5B
M<M$*%B0TX27Q%Q@9&B8G*"DJ-38W.#DZ0T1%1D=(24I35%565UA96F-D969G
M:&EJ<W1U=G=X>7J"@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JRL[2UMK>X
MN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR\_3U]O?X^?K_V@`,`P$`
M`A$#$0`_`.6_9$_9$^$_B7]D_P"&&I:E\+_AWJ&HZAX2TJYNKJY\.6<LUS*]
MG$SR.[1EF9F))8DDDDFO1/\`ABKX-?\`1)/AE_X2]C_\:H_8I_Y,V^$G_8F:
M/_Z0PUZ;7X/B\775>:4WN^K[GZ!1HT_9Q]U;+H>9?\,5?!K_`*))\,O_``E[
M'_XU1_PQ5\&O^B2?#+_PE['_`.-5Z;17/]<K_P`[^]FGL:?\J^X\R_X8J^#7
M_1)/AE_X2]C_`/&J/^&*O@U_T23X9?\`A+V/_P`:KTVBCZY7_G?WL/8T_P"5
M?<>9?\,5?!K_`*))\,O_``E['_XU1_PQ5\&O^B2?#+_PE['_`.-5Z;11]<K_
M`,[^]A[&G_*ON/,O^&*O@U_T23X9?^$O8_\`QJC_`(8J^#7_`$23X9?^$O8_
M_&J]-HH^N5_YW][#V-/^5?<>9?\`#%7P:_Z))\,O_"7L?_C5'_#%7P:_Z))\
M,O\`PE['_P"-5Z;11]<K_P`[^]A[&G_*ON/,O^&*O@U_T23X9?\`A+V/_P`:
MH_X8J^#7_1)/AE_X2]C_`/&J]-HH^N5_YW][#V-/^5?<>9?\,5?!K_HDGPR_
M\)>Q_P#C5'_#%7P:_P"B2?#+_P`)>Q_^-5Z;11]<K_SO[V'L:?\`*ON/,O\`
MABKX-?\`1)/AE_X2]C_\:H_X8J^#7_1)/AE_X2]C_P#&J]-HH^N5_P"=_>P]
MC3_E7W'F7_#%7P:_Z))\,O\`PE['_P"-4?\`#%7P:_Z))\,O_"7L?_C5>FT4
M?7*_\[^]A[&G_*ON/,O^&*O@U_T23X9?^$O8_P#QJC_ABKX-?]$D^&7_`(2]
MC_\`&J]-HH^N5_YW][#V-/\`E7W'F7_#%7P:_P"B2?#+_P`)>Q_^-4?\,5?!
MK_HDGPR_\)>Q_P#C5>FT4?7*_P#._O8>QI_RK[CS+_ABKX-?]$D^&7_A+V/_
M`,:H_P"&*O@U_P!$D^&7_A+V/_QJO3:*/KE?^=_>P]C3_E7W'F7_``Q5\&O^
MB2?#+_PE['_XU6'X^_9V_9V^%&BIJ7BGP+\%O#6G22B!+K5=%TRS@:0@D('D
M15+$*Q`SG"GTKVFOG?\`X*&3ZA;67P=DTFULKW4T^)>E&V@N[IK6":3RKG"O
M*L<C(I/5A&Q'H:Z<'6KUJ\*3J27,TMWU,ZU.G"E.IRKW8R>W9-_H;GP]^`'[
M.7Q;TR>^\*>"?@GXGLK:7R);C2='TN]BBDP&V,T:,`V"#@\X(J]XC_99^`G@
M^*TDU?X<?"'2H[^ZCL;9KSP_IT`N+B0XCA0M&-TC'A5&23T!KYST;X]WGA;4
M_P!HCX@:O<-\/_':7^C>&+C0K&WCU:332"L%M?!KAK:&<W'G.8Y)-D:)&I8.
M`5/.ZU^TC\17^(FH^#/%M[I.LR^%?B1X/@@>_BTS5KFT2]#M+"SQV<$0E0H"
M)(X5>-F<+*V`Q]6.7XJ<[PJOE7+>\G?WN2]FM';VD=5T=^JOQSQ%*$).45=<
MW3M?=/57<6O.SZ;?7_\`PQ5\&O\`HDGPR_\`"7L?_C5'_#%7P:_Z))\,O_"7
ML?\`XU7S1^SW^T=\4O&EG\#;O4_'=U?2?%@>(=-O87TJPCAL9+5)VMKF+9`&
M\Q3&`P=FC8?P#G/:?L4_M->/_C_\6;/0=:O$A_X5[X=FL?&T0M80;O7?MTML
MF2J?(/*M7FVQE5/GC(P%QC7P&.I<]ZOPWO[TNCDNW>-O64>^FCKT-/<WLMEU
M:2_5^D9/M?M/B#\+/V7?A+JT-AXK\-_`/PS?7$0GBMM6T_2;*:2,DJ'59%4E
M<JPR!C(([5I/^SS^SK%X?TK5V\#?!5=*UZ6&#3;TZ-I@M]1DF_U20R;-LC2?
MPA22W;-><_'/QQXL^''[?>L:UX1\)V/C.]T[X5+<3:9-JKZ?--&FI2L1`5@F
M$DI(`"-L!S][.`?/-"O8_"G_``3[^!K^&-<TO4E\2>/M-8W;Z1;W,6F27=_,
M\L,$-RD@B>WD9HU<`.ICR"N<5=+#59TJ<_:2O)Q7Q?S.2VW7PZ-[ZVV%5J0A
M4G#E7NIO;M",G_Z5:V_4^IO^&*O@U_T23X9?^$O8_P#QJC_ABKX-?]$D^&7_
M`(2]C_\`&J^=O#_[97Q,N?!NKW0FM+[6O@WX+U2Z\:6@MHF34];CFEM[9'"J
M&C3;:S7++$4RLJ`94BN,^(G[7GQH^'7P;O=3AUO50^I^$;#6X+[7O^$;:\M;
ME[ZUB:>SM;*5FDL98YW7,\3,C*G[P%B`4\MQTYJFJRNVDO>>MVTK>J7,N\6F
MM78)8BA'>'X+3X;W]'))]FGV/K35_P!D'X'^'])NK^_^%WPIL;&QB:>XN;CP
MWI\4-O&H+,[LT8"JH!)).`!FN7N_A;^RYI_@.T\57'ASX!0>&+^8V]MJ\FGZ
M0MA<2@L#&DY7RV;*.,`D_(WH:Z+X_P"AWWAS]B7XA6FHZYJ/B.]C\):JTNH7
MT5O%/.6M9FY6WCCC``.T80'`&2QRQ_._XEVD/_##Q\"(L,2^$-*/C1(%P-L-
MW9::D3X'0-/J-YC.,F%_3FLKPM3%2<76EI)+1O5.][7MKU7E<>(J0A[.T%[]
M^VFUF_*[2^:MJ?H9X>_9;^`?BY[]=)^'/P@U1M+N6LKP6F@:=.;2=0&:&3;&
M=D@#*2K8(##CFM+_`(8J^#7_`$23X9?^$O8__&J^5OA=\9_&NJ_M2MX)T?Q%
M#X5TKQ%X_P#$UE?S:5H>FI<S1VNF6,L+EGMV#S*[M^]D#LP(#;@%`M^"_P!L
MGXH?$3P=\%=&2;Q!/J?B\Z__`&KJGAZUTB/4]1;39W@C2)=0*V<>X8ED&TMA
M0$`&ZE4R_&)1E&KI**EK)Z)QDW?2VG)+\#.GBJ+BY2ALVMEO>R7?7[N]CZ>_
MX8J^#7_1)/AE_P"$O8__`!JC_ABKX-?]$D^&7_A+V/\`\:KP#]F7X^?%/XW?
MM$>%_#?B#Q:ND6%EX2EUB^CT9-(O$UN:WU:6U5Y)HQ<QQ^9$JB6.&0;'5@IC
M(K(\:?MA^/K3XR:'K&A^));OP;J?Q07P-+87T>G6<#H)'@EC@@6.6[<Q[1(;
MB6ZA+,Z@6VQAC-X#&^T]DJUW:_Q2M\7*M;=7M^-GH7+$4(QE-P^'?17^'G?W
M+?\`"ZU/?=-_9P_9YUGP?-XAL_`7P9N_#]NDTDNIPZ)IDEG$L182LTH38`A1
M@Q)^4J<XP:QO`7PU_99^*NMMIGA?P_\``#Q)J21&<VFEV.D7DXC!`+[(U9MH
M)`)Q@9'K7FG[-O\`RB`\7_\`8(\6?^E-_6!\./&6N^)/C5^SQH_BO1-.\+MX
M5\'2ZYX:N;#49+]O%['3HXFLE9H(1;NL?[V2,^8#A`"1\QT^K5%*M%U9?NW)
M;]HRE>W7X=ELKO9!4J17):"]YR6W:48KTOS;O1'TY_PQ5\&O^B2?#+_PE['_
M`.-4?\,5?!K_`*))\,O_``E['_XU7R)X?_;/^-6L_"3P[XRM]5LM/D\;6.K,
MP\4WWAW3-!L)421H&T\BX6]8P.BHZW0DR&+-MQFNOM_VR/'?@;]F+XC75]K&
MJW'C/POJVD:?<77B+2=.6/P\FH+;`S>;I\GV:\AC$CR)(%C/S*'4CJ3RS'QD
MX>U3=TK*3;NY<GX-J[VU6M]"5BL.[/DT=W>W1)ROWU2=DE=VV/HS_ABKX-?]
M$D^&7_A+V/\`\:H_X8J^#7_1)/AE_P"$O8__`!JOG;]H;]I?XB_`+3?C#X>T
MWQE=^)9O"&BZ)KMCXAN]/L?M>F/=7JP36LRPP);LK1(TJ%HE=5=LE@%99?VE
MOVM_'G@J]_:)BT#Q+%;'P'8^%WT7%E;3C3I;R4+<D[D._>I'$A.W/R[>M9T\
M#CJG+R5;\S26LNK@NW>HON?E?1UJ"O>%K6Z+K;_-'T)_PQ5\&O\`HDGPR_\`
M"7L?_C5'_#%7P:_Z))\,O_"7L?\`XU7E/BKQEXTA^-.K>!)OB]?^#[/PEX+C
M\2'Q#J.G:2S:G--<RJ\MRKP)$+2W6-5*PB%OGRTN<$\+\5OVL_BG<?$3XGMX
M<O;B*S^&ZZ4+%K=M!M/#NH":%)WGU";4+E;E(KC>4C:VD`10IW.^<Q1PF+J-
M*-;I>[<DK<RBG>W5M66_=)Z"E6HK['9;+5M<UONZ[>>Q[G\0/V>_V=/A-I$6
MH>*O`_P5\,V$\H@CN=5T;3+*&20@D('D106(4G`.<`^E-^'OP`_9R^+>F3WW
MA3P3\$_$]E;2^1+<:3H^EWL44F`VQFC1@&P0<'G!%<A_P4$?5=6@^!#:?+9:
M5K%S\1=,:%[N`WD%K*8)S\Z1R1F10>H61<XX8=:ZC]I3Q+\3OAG^S=?7%GXI
M\&R>-)]3M;>SNH+6'0HY8I)HU:"`7]S<0FZ9=X0R,5)(&S(YB$:LJ4'[5\TY
M<J]YVWBK[/3775?,<I0Y](KE45)Z:Z\WI_+Y_(Z;_ABKX-?]$D^&7_A+V/\`
M\:K.T#]EGX">*Y=0CTOX<?"'4I-)NFL;U;7P_ITQL[A0"T,@6,[)`&4E6P0&
M''-?.?CGXF^)_C#\+OA$A\;>.K34+?XNCPUJUU-I6GZ;>%XI9F19HHO/M97A
M9$"LF879=QCW`;:WPU^,?CC7?VR=5\":1XFB\*Z1KGC?Q3;WL^EZ%IJ74PM;
M"QDAD+-;L'E#NV9)%=F!PV<+MZ88'%.,FZVL5-[RM:"BV]M;IZ:=C.>(HQ:]
MS=Q6RWDYQM\G$^IO^&*O@U_T23X9?^$O8_\`QJC_`(8J^#7_`$23X9?^$O8_
M_&J^2O!_[;GQ$\%_"KX5>.O$WCBXU*T\96'B/^UK1]"LWMK;^S;6=X9X8XEA
ME:5G@#.K3B-B[`"(8*\'^T?^T3\5[OP_KOA#5?&>L2Z9JWA'2O$L4OVC2_[1
M6.;58+8B1;.V2.&.:*;>8!)<``1@SLKNAVI9/CYUU1]MN[7O+^9Q=M%>W*WZ
M6)K8NA3IN;ALKVLO)?F[?TK_`'C_`,,5?!K_`*))\,O_``E['_XU1_PQ5\&O
M^B2?#+_PE['_`.-5XI^T1\;_`(D^'_CY=?#[P]JGBV.W\->!1KO]JV,.@+<Z
ME<M*\1N;TZ@T,`MH_*&];98VW2-RB[<?1GP'\9ZK\1/@MX5U[7+?3K76-7TN
MWN[R/3[J.ZM!*\8+&&6-W1XR3E65V!4CD]:\NM'%4Z,:[JW3Z*3OUL[=G9_K
M9G5&5)U/9<FJ\E;:+MZ^\CGO^&*O@U_T23X9?^$O8_\`QJC_`(8J^#7_`$23
MX9?^$O8__&J]-HKB^N5_YW][-_8T_P"5?<>9?\,5?!K_`*))\,O_``E['_XU
M1_PQ5\&O^B2?#+_PE['_`.-5Z;11]<K_`,[^]A[&G_*ON/,O^&*O@U_T23X9
M?^$O8_\`QJC_`(8J^#7_`$23X9?^$O8__&J]-HH^N5_YW][#V-/^5?<>9?\`
M#%7P:_Z))\,O_"7L?_C5'_#%7P:_Z))\,O\`PE['_P"-5Z;11]<K_P`[^]A[
M&G_*ON/,O^&*O@U_T23X9?\`A+V/_P`:H_X8J^#7_1)/AE_X2]C_`/&J]-HH
M^N5_YW][#V-/^5?<>9?\,5?!K_HDGPR_\)>Q_P#C5'_#%7P:_P"B2?#+_P`)
M>Q_^-5Z;11]<K_SO[V'L:?\`*ON/,O\`ABKX-?\`1)/AE_X2]C_\:H_X8J^#
M7_1)/AE_X2]C_P#&J]-HH^N5_P"=_>P]C3_E7W'F7_#%7P:_Z))\,O\`PE['
M_P"-4?\`#%7P:_Z))\,O_"7L?_C5>FT4?7*_\[^]A[&G_*ON/,O^&*O@U_T2
M3X9?^$O8_P#QJC_ABKX-?]$D^&7_`(2]C_\`&J]-HH^N5_YW][#V-/\`E7W'
MF7_#%7P:_P"B2?#+_P`)>Q_^-4?\,5?!K_HDGPR_\)>Q_P#C5>FT4?7*_P#.
M_O8>QI_RK[CS+_ABKX-?]$D^&7_A+V/_`,:H_P"&*O@U_P!$D^&7_A+V/_QJ
MO3:*/KE?^=_>P]C3_E7W'F7_``Q5\&O^B2?#+_PE['_XU1_PQ5\&O^B2?#+_
M`,)>Q_\`C5>FT4?7*_\`._O8>QI_RK[CS+_ABKX-?]$D^&7_`(2]C_\`&J/^
M&*O@U_T23X9?^$O8_P#QJO3:*/KE?^=_>P]C3_E7W'2?\$DO@IX-^#W_``5-
MT?\`X1'PCX8\+?VC\*O%'VO^R-+@L?M6S5_#.S?Y2KNV[WQG.-S8ZFBNG_X)
MK_\`*4WPW_V2KQ7_`.G?PO17[!PM.4\KI2D[OWO_`$IGQF;12Q4TEV_)'RA^
MQGXDU6#]C[X41Q_#CXX7T:>#M(5;FP^%7B6]M+@"RAP\4\-BT4L;=5DC9D8$
M%200:]*_X2G6?^B7?M`?^&=\5_\`RNK]+_\`@D[_`,HLOV:?^R5>%_\`TT6M
M>_UY]7@G`SFYN<[MWW77_MTZ89Y7BE%):>3_`,S\4?\`A*=9_P"B7?M`?^&=
M\5__`"NH_P"$IUG_`*)=^T!_X9WQ7_\`*ZOVNHJ/]1L!_//[X_\`R(_[>Q'\
ML?N?^9^*/_"4ZS_T2[]H#_PSOBO_`.5U'_"4ZS_T2[]H#_PSOBO_`.5U?M=1
M1_J-@/YY_?'_`.1#^WL1_+'[G_F?BC_PE.L_]$N_:`_\,[XK_P#E=1_PE.L_
M]$N_:`_\,[XK_P#E=7[744?ZC8#^>?WQ_P#D0_M[$?RQ^Y_YGXH_\)3K/_1+
MOV@/_#.^*_\`Y74?\)3K/_1+OV@/_#.^*_\`Y75^UU%'^HV`_GG]\?\`Y$/[
M>Q'\L?N?^9^*/_"4ZS_T2[]H#_PSOBO_`.5U'_"4ZS_T2[]H#_PSOBO_`.5U
M?M=11_J-@/YY_?'_`.1#^WL1_+'[G_F?BC_PE.L_]$N_:`_\,[XK_P#E=1_P
ME.L_]$N_:`_\,[XK_P#E=7[744?ZC8#^>?WQ_P#D0_M[$?RQ^Y_YGXH_\)3K
M/_1+OV@/_#.^*_\`Y74?\)3K/_1+OV@/_#.^*_\`Y75^UU%'^HV`_GG]\?\`
MY$/[>Q'\L?N?^9^*/_"4ZS_T2[]H#_PSOBO_`.5U'_"4ZS_T2[]H#_PSOBO_
M`.5U?M=11_J-@/YY_?'_`.1#^WL1_+'[G_F?BC_PE.L_]$N_:`_\,[XK_P#E
M=1_PE.L_]$N_:`_\,[XK_P#E=7[744?ZC8#^>?WQ_P#D0_M[$?RQ^Y_YGXH_
M\)3K/_1+OV@/_#.^*_\`Y74?\)3K/_1+OV@/_#.^*_\`Y75^UU%'^HV`_GG]
M\?\`Y$/[>Q'\L?N?^9^*/_"4ZS_T2[]H#_PSOBO_`.5U'_"4ZS_T2[]H#_PS
MOBO_`.5U?M=11_J-@/YY_?'_`.1#^WL1_+'[G_F?BC_PE.L_]$N_:`_\,[XK
M_P#E=6?X3^*LGCWPKIFNZ%X!^.&M:)K5I%?Z?J%A\)O%%S:7]O*@>*:*5-/*
M21NC*RNI(8$$$@U^WU>`?\$G?^467[-/_9*O"_\`Z:+6C_4;`?SS^^/_`,B'
M]O8C^6/W/_,_-#_A*=9_Z)=^T!_X9WQ7_P#*ZL_75D\4M8MJ?P<^.&I'3+I+
MZS-U\%?%$QM+A`0DT>[3CLD4,<,N",G!YK]OJ*:X'P*=U.?WQ_\`D0>?8AJS
MC'[G_F?A;KO@32/%&I:G>ZG\!/BYJ-YK=HMAJ,]U\"O$DTM_;J01#*S:83)&
M"`0C9`('%9VC_!?PGX=AMX]/_9Q^)=A':RPSPK;_``"\0Q+#)#(\D3J%TL89
M)))'4CE6=B,$DG]XZ*M<&81+E56I;_$O_D27G=9[PC]S_P`S\+=/\%:=H5OI
M":;\"/BY8-X=,SZ/Y7P*\2HNE/*&$C0A=-'EE]S;MA4L&.3S7)_LU?!S7?@3
M)XQU+4_!'QZ\0^)/'6MR:WJE[!\#O%=A;ABJI'#%";.0K&BK@;I'8DDD\\?O
M]15+@["I2C[2?O:/6.U[[\O?5]WN*6=5G9N,='=:/>S7?LW][/Q!"R#Q0VN#
MX.?'`:TUJ+$ZA_PI7Q1]J-N'WB'S/[.W>7O);;G&3G&:YCP-I7A#Q9X`TB^\
M-?!3XDZGX6U2>'Q/I=QIGP2\0S:?=RR*LL.HP-'IIC=V4JZSH22""&Z&OWEK
MP#_@D[_RBR_9I_[)5X7_`/31:U$>"L&MJD_O7K_*4\\K/>,?N?:W?MIZ'Y>Z
M+:_\(YJFIWVG?!GXVV%[K4JSZA<6WP4\3Q2W\@7:'E9=-!D8*``6R0.*YS2/
M@EX0\/Z/JFG:?^S=\2K'3]<,9U&UM_@#XABAU`QOOC,R+I8$FQB67<#@G(P:
M_>2BG'@O"1^&I46W5=-OL].G83SRL]XQ[[/_`#/Q(U;4+W7M(N=/O_A)\=[V
MPO86M[BVG^#/BF2&>-E*LCHVG$,I4D$$8(.*YVZ^&7A^^M+BWG_9\^*LT%W8
MQ:7/&_P'\1LDUI$08K9@=,PT2$`JA^52.`*_=FBE#@K!Q^&I-?-?_(C>>UWO
M&/W/_/R/PNL/`^DZ5XA35[7X"_%VVU:*YFO4O8O@7XD2X6>9%CFE$@TS<))$
M1%9LY954$D`55U7X6^'==\%P>&[[]GKXIWOAVUN&NX=+G^`WB.2RBF8NS2K"
M=,*!R9')8#)+L<\FOW;HI_ZF833]Y4T_O+IM]GH)9Y67V8_<_P#,_#;0_#EG
MX8U*TO=-^!WQETZ\T_3TTFUGMO@?XFAEMK)3N6V1ETT%85/(C&%![5D7/P>\
M+7GBNYUZ;]G/XG2ZY>RK/<:B_P``_$37<\BNLBN\ITO>S!T1@2<AD4]0*_>"
MBA<&81/F56I?_$O7^7N#SNLURN$;>C]._;0_#C3="MM&\'S>'K/X(?&>T\/W
M"31RZ9#\$/$T=G*LI8RJT0TW80Y=BP(^8L<YR:CO_#-EJJZ&MU\#?C'<KX9=
M)-'$OP.\3.-*9%"JUOG3?W150`"F,``5^Y=?.7Q:_P""G?@/X,_\%"/`/[-V
MK:+XTF\9_$32?[8L-5M;*"31+.,FZ5$N)C,)4D=K215"Q,"709Y.U1X*P;FH
MJI/FD]-5=NS?\N]DQRSNOR2FXQY8J[T>B;2?7O8_+&P^%GAW2O$>K:Q:_L]?
M%.VU?7XY8=3OHO@-XC2YU&.4[I4FD&F;I%<@%@Q(8CG-6O"?@G2O`7A2[T'0
MO@-\7=%T._+FYTZP^!?B6VM+@NH5R\2:8$;<H"G(.0,'BOU'_8U_X*9^!/VX
MOCA\7?`7A/1O&&GZG\&M133=5N]6M;:&SU(O<7ENLMHT4\CO&7LIN94C."AV
M\G'L7Q-^-7A3X--H"^*->T_19/%6L6V@:/%<28EU._N&VQ6\*#+.YP6.!A55
MF;"JS!O@O"244ZE1J7+;5:W^%?#W>B[NVX2SRM&<KQC>+=]'H[7;W[:M]C\4
M/#WPVT'PCX-U#PYI/[/WQ7TOP]JQ<WVEVGP(\1P65YO4(_FPKI@1]R@*=P.0
M`.@JMI_P>\+:3H=[I=I^SG\3K73-2CAAN[2+X!^(D@NDA8O$LB#2]KK&Q+*"
M"%))&#7[P,VU23G`YKRS]C']KKPW^W-^SWI7Q*\)6.N:=H6L7=]9PP:O#%#=
MJ]I>36<A98I)$`,D#E<.25*D@'(#7!N%;;]K4Z-^\OD_A^X3SJLDGR1M>VSW
M=W;?K9OY'X_^//`6C_%.>PE\3_`/XM^(Y=+):R?5/@5XDO&M"2"3&9-,;825
M7.W'W1Z"D\4?#_1?''BW3]?UOX`_%K6-=TG9]AU*]^!/B2XN[/8Y=/+E?3"Z
M;7)8;2,$Y'-?NI12CP9A(VM4J*VWO+2^]O=Z@\[K.]XQU\GT^9^&GQ`\+V/Q
M9TB+3_%7P,^,?B:P@E$\=MJOP.\2WL,<@!`<))IK`,`Q&0,X)]:R]'^$/A?P
M[X/U'P]I_P"SK\3[#0-88/?Z9;_`3Q%%9WK#&#+$NEA'(P.6!Z#TK]WV;:I)
MS@<UY9^QC^UUX;_;F_9[TKXE>$K'7-.T+6+N^LX8-7ABANU>TO)K.0LL4DB`
M&2!RN')*E20#D`CP7A%%PC4J6WM=?_(^0Y9W7TFXQWLG9[V;MOV3/QZN_AGH
M%_X`@\)S_L^?%:;PM:OYD.C2?`?Q&VGQ-N+;E@.F>6#N8G(7J2>]2Z5X#TC0
M?$*:O8_`/XMV6JQS37*WL'P*\21W"RS(J2R"1=,#!G1$5FSE@B@Y`%?NG10^
M#,)K^]J:WO[RUOO]GKU[B_MNMI[D=/)_YGX56_P]T2TT_3+.'X`_%F*TT03C
M3H4^!/B18[`3JRS>4HTS$?F*S!]N-P8@YR:RM,^`?@G1-.GL[+]FCXB6=I=1
M20S00_L_>((XYHY-GF(RC2\%6\J/<#P?+3.=HQ^]5%-<&X77][4U_O+_`.1\
MW]X/.ZSM>,=/)_YGX0>)?A#X7\9Z#I.E:Q^SK\3]6TO0(S%IEG>?`3Q%/;Z<
MA"@K"CZ65C7"J,*`/E'H*[!/$VKQJ%7X6_']548`'P=\5@#_`,IU?M?14RX*
MP<E:52;WZKKO]GKU!9Y66T8_<_\`,_%'_A*=9_Z)=^T!_P"&=\5__*ZC_A*=
M9_Z)=^T!_P"&=\5__*ZOVNHJ/]1L!_//[X__`")7]O8C^6/W/_,_%'_A*=9_
MZ)=^T!_X9WQ7_P#*ZC_A*=9_Z)=^T!_X9WQ7_P#*ZOVNHH_U&P'\\_OC_P#(
MA_;V(_EC]S_S/Q!T;XJR>(]1U:ST[P#\<+^\T"[6PU."W^$WBB633KAH(KA8
M9E73R8Y#!/!*$;!,<T;8VNI.A_PE.L_]$N_:`_\`#.^*_P#Y75^E_P"QO_R<
M5^UC_P!E5L?_`%!_"E>_T?ZC8#^>?WQ_^1#^WL1_+'[G_F?BC_PE.L_]$N_:
M`_\`#.^*_P#Y74?\)3K/_1+OV@/_``SOBO\`^5U?M=11_J-@/YY_?'_Y$/[>
MQ'\L?N?^9^*/_"4ZS_T2[]H#_P`,[XK_`/E=1_PE.L_]$N_:`_\`#.^*_P#Y
M75^UU>+?'G]MG2O@Y\8=(^'.B>#?&WQ/^(NK:8^NGPYX52P6YL-,20Q&^N)K
M^ZM+6*(S?ND5IO,D?.Q&".53X'P%TN>>OFNBN_L]$FWV2;>B'_;V(LW:-EZ]
M[+KU;27=M+=GY=?\)3K/_1+OV@/_``SOBO\`^5U'_"4ZS_T2[]H#_P`,[XK_
M`/E=7[`?`GXPP?'GX6:3XIM_#_B_PJ-3C)ETCQ/HTVDZKITJDJ\,T$H^\K`C
M?&7B<#=&\B%7/754N!,"G9SG]\?_`)$2S_$/[*^Y_P"9^*/_``E.L_\`1+OV
M@/\`PSOBO_Y74?\`"4ZS_P!$N_:`_P##.^*__E=7[#>*?C5X4\%?$CPMX.U7
M7M/L_%/C4W/]B:4\F;K45MH3-<.B#)\N-!EG.%!9%SN=0>H)P"<$XJ7P-@+7
MYY_?'_Y$/[>Q&UH_C_F?BC_PE.L_]$N_:`_\,[XK_P#E=1_PE.L_]$N_:`_\
M,[XK_P#E=7Z[_L[?&W_AH?X3V/BO_A$?''@;[=/=0?V/XNTK^S-6M_(N)(-\
MD&YMJ2>7YD9W?-&Z-QG`[>F^!<"OMS^^/_R(//L1=KECIIL^FG<_%'_A*=9_
MZ)=^T!_X9WQ7_P#*ZC_A*=9_Z)=^T!_X9WQ7_P#*ZOU?_;._:R\.?L,_LR^+
M/BMXMLM;U'P[X.MX[F]M](ABFO95>:.$"-99(T)W2*3N=>`?H?2[2Y6]M(ID
M#!)D#@'J`1FA<#8!IM3GIYQ_^1&\^Q"M>,=;VT?2U^O2Z^\_%7_A*=9_Z)=^
MT!_X9WQ7_P#*ZC_A*=9_Z)=^T!_X9WQ7_P#*ZOVNK,\:>--'^''A#5/$'B#5
M+#1-"T2UDO=0U"]G6"VLH(U+22R2,0J(J@DDG``J9<$9?%.4IS27G'_Y$(Y[
MB9-)13;\G_F?C)_PE.L_]$N_:`_\,[XK_P#E=1_PE.L_]$N_:`_\,[XK_P#E
M=7[->!O&NE_$KP3HWB/1+H7VB^(+&#4K"Y"-&+BWFC62-]K`,NY&4X8`C/(!
MKS^\_:[\-67[:EA\"7L=</B[4/!TWC>.[$,7]FK917D=FT9?S/,\XR2*0HC*
M[03O!X-O@/!*HJ3E-2UTNKZ)R?V>B3;]"8\05W#VB46M-=>K277JVE\S\I?^
M$IUG_HEW[0'_`(9WQ7_\KJ/^$IUG_HEW[0'_`(9WQ7_\KJ_:ZBE_J-@/YY_?
M'_Y$?]O8C^6/W/\`S/Q1_P"$IUG_`*)=^T!_X9WQ7_\`*ZC_`(2G6?\`HEW[
M0'_AG?%?_P`KJ_:ZBC_4;`?SS^^/_P`B']O8C^6/W/\`S/RI_P""7^JWFI_\
M%3?#_P!K\+?$#PUY?PJ\5;/^$G\':KX>^TYU?PQGR?M]O#YVW`W>7NV;DW8W
M+DK[7^(W_*4WX-_]DJ\>?^G?P917TV78&G@\/'#4FVHWWWU;?1+N>7B<1*M4
M=6>[[?<'_!)W_E%E^S3_`-DJ\+_^FBUKW^OA#_@F5X^_:2L_^";?[/D.A?"?
MX'ZEHD7PU\.)I]W?_%?5+*[NK<:7;"*26!/#LR0R,FTM&LL@4D@.X&X^X?\`
M"Q_VI_\`HC?[/_\`X>35_P#YF*[3`]_HKP#_`(6/^U/_`-$;_9__`/#R:O\`
M_,Q1_P`+'_:G_P"B-_L__P#AY-7_`/F8H`]_HKP#_A8_[4__`$1O]G__`,/)
MJ_\`\S%'_"Q_VI_^B-_L_P#_`(>35_\`YF*`/?Z*\`_X6/\`M3_]$;_9_P#_
M``\FK_\`S,4?\+'_`&I_^B-_L_\`_AY-7_\`F8H`]_HKP#_A8_[4_P#T1O\`
M9_\`_#R:O_\`,Q1_PL?]J?\`Z(W^S_\`^'DU?_YF*`/?Z*\`_P"%C_M3_P#1
M&_V?_P#P\FK_`/S,4?\`"Q_VI_\`HC?[/_\`X>35_P#YF*`/?Z*\`_X6/^U/
M_P!$;_9__P##R:O_`/,Q1_PL?]J?_HC?[/\`_P"'DU?_`.9B@#W^BO`/^%C_
M`+4__1&_V?\`_P`/)J__`,S%'_"Q_P!J?_HC?[/_`/X>35__`)F*`/?Z*\`_
MX6/^U/\`]$;_`&?_`/P\FK__`#,4?\+'_:G_`.B-_L__`/AY-7_^9B@#W^BO
M`/\`A8_[4_\`T1O]G_\`\/)J_P#\S%'_``L?]J?_`*(W^S__`.'DU?\`^9B@
M#W^BO`/^%C_M3_\`1&_V?_\`P\FK_P#S,4?\+'_:G_Z(W^S_`/\`AY-7_P#F
M8H`]_HKP#_A8_P"U/_T1O]G_`/\`#R:O_P#,Q1_PL?\`:G_Z(W^S_P#^'DU?
M_P"9B@#W^O`/^"3O_*++]FG_`+)5X7_]-%K1_P`+'_:G_P"B-_L__P#AY-7_
M`/F8KP__`()E>/OVDK/_`()M_L^0Z%\)_@?J6B1?#7PXFGW=_P#%?5+*[NK<
M:7;"*26!/#LR0R,FTM&LL@4D@.X&X@'W?17@'_"Q_P!J?_HC?[/_`/X>35__
M`)F*/^%C_M3_`/1&_P!G_P#\/)J__P`S%`'O]%>`?\+'_:G_`.B-_L__`/AY
M-7_^9BC_`(6/^U/_`-$;_9__`/#R:O\`_,Q0![_17@'_``L?]J?_`*(W^S__
M`.'DU?\`^9BC_A8_[4__`$1O]G__`,/)J_\`\S%`'O\`7@'_``2=_P"467[-
M/_9*O"__`*:+6C_A8_[4_P#T1O\`9_\`_#R:O_\`,Q7A_P#P3*\??M)6?_!-
MO]GR'0OA/\#]2T2+X:^'$T^[O_BOJEE=W5N-+MA%)+`GAV9(9&3:6C660*20
M'<#<0#[OHKP#_A8_[4__`$1O]G__`,/)J_\`\S%'_"Q_VI_^B-_L_P#_`(>3
M5_\`YF*`/?Z*\`_X6/\`M3_]$;_9_P#_``\FK_\`S,4?\+'_`&I_^B-_L_\`
M_AY-7_\`F8H`]_HKP#_A8_[4_P#T1O\`9_\`_#R:O_\`,Q1_PL?]J?\`Z(W^
MS_\`^'DU?_YF*`/?Z*\`_P"%C_M3_P#1&_V?_P#P\FK_`/S,4?\`"Q_VI_\`
MHC?[/_\`X>35_P#YF*`/?Z_+3_@IW\&OB!%_P50F^+OAGX?>.?%5G\-?A3H>
MMV#Z+HD]X-6O+'Q:MS<:9;NJ['NY+$S@1`E]L@.T@U]F?\+'_:G_`.B-_L__
M`/AY-7_^9BC_`(6/^U/_`-$;_9__`/#R:O\`_,Q4.+YX5(NTH-M/L^644_DW
M?S:L]"U).G.E)7C-)-=TI1DU\^6S\GIJ?CMKG[`_QV\+_$?6)1X%\2OX%NKS
MX9:O\0+;4/`^H>(M/U]?[/U*;4!)I=O)!-J]O:ZI=1/<6<#LX.QF4B,UZQXG
M_86U"Y^`'PMUG7OAYXF\<_#3P]^T8GB#_A&Y/@Q?:9'H'AR6WECOET_PZ]QJ
M.H1:3+=()!;RQ0MEMPMQ&8V/Z8_\+'_:G_Z(W^S_`/\`AY-7_P#F8H_X6/\`
MM3_]$;_9_P#_``\FK_\`S,5O":A/FIJWO1DET]V5.27_`)323T:3EO=6SJ)U
M%:;U<>6^W_+N5.ZMLVI-]M(V2MK^6'Q,^"'Q!\:?MP^%/B'8?"3XF^$_B-HW
M[0\%YJDNB?#*^EB/A,736O\`:%QXBNUGN+N.:UFMX_L=G=06MO"L^;%5B\P?
M5G[$?P*^,/A?_@WE\6>"?#>D>)?!?Q@N=,\9IHEG?6\NEZG!<SZIJ4EL4$H1
MXGD1T,4AP!YB.#C!KZC_`.%C_M3_`/1&_P!G_P#\/)J__P`S%><?M%?'3X\^
M5X5^'GC/X`?`37]+^-6IW?@M;,_%W5);27.CZCJ,RW(;PTI$+6VGW"94,V]X
MQ@`LZ\M6FW@I82/56O\`]NQCV=OAOULV[)*R713J_P"T1K2Z24MNSJ.W3_GX
MUTT2N[W;_.?PY\)/"Y^/GBWPU\)_@_XS\!7VJ?L6:_I]QX>O/"-YHFH:IK)E
MMXI`MC-''-/<M)M1KA8B+A\;7EQD>L?%G]CRP^'?[,?[)'@>\^`^J:?X$N_"
M<^M>.M2T3X7W7C#5M.\1_P!F6*`W&CB.:U;4)PMQ#]NU2PO/)(VKY1+./IS]
MEW]CGXF_L;:U+J7@#]GOX+66HMHMKX;AN=6_:)\6:]-8:7;,[P6%LU_H$YMK
M9&=F\F'8A.TE3M7'M?\`PL?]J?\`Z(W^S_\`^'DU?_YF*Z\1*-1./\V_3[=:
M=EO9+VNB;:3A&ZDKI\M)2CRW^SMW=X4HMOS?LVF[7:DVN5V:_-#]DS]G/X@^
M&O@+^Q9;?M`?"[XF>-/AO\/+?QAHVO>%KWPC=ZU/HFM?:Y$T6YN=.ACE:6W2
MU22*VN5C,,&]'#QJZFO!/@)^Q%\6]&^%/AB#XL_#3Q2O@1_A_P"(]/\`#>D>
M(/@QKGQ#O_#VJR^)-1FN%@L[*]MY-,U.>"2SDBU&9@DB(@68>66K]JO^%C_M
M3_\`1&_V?_\`P\FK_P#S,4?\+'_:G_Z(W^S_`/\`AY-7_P#F8J:DO:3<Y=7)
MNVGQ<]_FN=V;O9**L[.^L)-)KS3_`/`;V2[1UU2WO)[RNNW_`&._"/B?P#^R
ME\.=$\9ZOKFO>*])\.V5KJNH:U#%#J=W<)"H=[I8KBYC$^1\Y2XF4ON(D<'<
M?2*\`_X6/^U/_P!$;_9__P##R:O_`/,Q1_PL?]J?_HC?[/\`_P"'DU?_`.9B
MG6JNI.51[MM_>8T::IPC!=$E]Q[_`$5X!_PL?]J?_HC?[/\`_P"'DU?_`.9B
MC_A8_P"U/_T1O]G_`/\`#R:O_P#,Q69H>_T5X!_PL?\`:G_Z(W^S_P#^'DU?
M_P"9BC_A8_[4_P#T1O\`9_\`_#R:O_\`,Q0![_17@'_"Q_VI_P#HC?[/_P#X
M>35__F8H_P"%C_M3_P#1&_V?_P#P\FK_`/S,4`>_T5X!_P`+'_:G_P"B-_L_
M_P#AY-7_`/F8H_X6/^U/_P!$;_9__P##R:O_`/,Q0`?L;_\`)Q7[6/\`V56Q
M_P#4'\*5[_7PA^RAX^_:2@^//[3;Z=\)_@?=7DWQ*LWU.*X^*^J01V=Q_P`(
M=X:58X77PZYGC,`@<R,L1$DDD>PK&LLGN'_"Q_VI_P#HC?[/_P#X>35__F8H
M`]_HKP#_`(6/^U/_`-$;_9__`/#R:O\`_,Q1_P`+'_:G_P"B-_L__P#AY-7_
M`/F8H`]_KXM^(=EJO[(?_!5?Q-\8=;\->._$?PZ^)_@#3?#8U#POX<O_`!)/
MH6IZ?=W4H@FLK"&:Z6&>&XW+.L1C62-E<J73=ZG_`,+'_:G_`.B-_L__`/AY
M-7_^9BC_`(6/^U/_`-$;_9__`/#R:O\`_,Q4I-3C46\;_P#DT91?X2=O.VZT
M;=G"4'L[?A)27XQ5_*^SU7A'_!1F?Q9^UQ^SU\"/%;_"WXHCX5Q_$"QU?XD>
M`KS2Q)KVHZ`(YUB:[TNUEFDNK=;AK:>6PVR3L@`D@#1NB_(OP>_80U[XF?\`
M!3/X:W-U\&O$UO\`LI7/C+QO<^%_"^N^$[FTTO0=/FT6QBE^T:;/$/[/L[S4
M8[B2"UN4B#MN=85#@M^F/_"Q_P!J?_HC?[/_`/X>35__`)F*/^%C_M3_`/1&
M_P!G_P#\/)J__P`S%.$8QE-I:2YM'_>C&+OWMRIK:S<]/>5G4E*2BKVMV])K
M3_P8[[W2CV;?YI?L7_L?Z[X.\4?L#^)OB=\'O%=[8_#^?QOX>O6U#P+>ZI>^
M&S_:;GP^;B(6\DUM!'\KP3R!8X1^\WH#N.%\6?@9\1?%_P"W;X9^(-K\)_B7
MX6^)6B?M%0W6KSZ'\-KVXA?PH+MK4ZC/XDNEN)[R.:VFMX_LEE=PVD$"SYLE
M6+S!^I7_``L?]J?_`*(W^S__`.'DU?\`^9BC_A8_[4__`$1O]G__`,/)J_\`
M\S%7&352%1_9;?K><:COWNTT^\6M+I2)JKGC4BM.>_R3C**2\DI*RZ-=FT?D
M'^R-_P`$W_%OC;0/$5C\1_@AXOOK.V_9Y\8V6GVVN^%+ORDUI_%VL7-G'&DL
M>/MIBEBFA`'FA9$DCQN#'M_C/^S1\7/'EK\)M3^+_A+7O$OA6?\`9RTK1M.@
MU?X.:W\1K[0O$8B3^THX[.QO+:72=8DS;E;ZXV`^4$\Q#"V/U%_X6/\`M3_]
M$;_9_P#_``\FK_\`S,5Q^B_M8_M):[\??$WPYA^"?P/76_"OA_2?$EW._P`8
M-4%I);ZE<ZG;P)&P\-%S(KZ5<%P4``>+#,2P6%%<JCT__?:^O[YV?]V-TUH;
M5*SG6E6>\FW]_LG;TO35^ZE+9V9^77[4/[&?Q2@_9D_:.\/_`!3^&GQA^,_Q
MUU_PUX2MOAWXN'@NXU*]&DP6UJMW:?:K22[M[&X2=+MKNW6\8W+R%U$ZN&/Z
M1_\`!=+X1^)/C3_P2R\1^&/#'AWQ%XEUN\U/PZ1IVC6<]S?/''J]D\K(D(,@
MV1J[%EY4*6R,9KU+_A8_[4__`$1O]G__`,/)J_\`\S%'_"Q_VI_^B-_L_P#_
M`(>35_\`YF*V=5MQ;6THR_\``6NGGRZOJVWU27*H622=K*2_\"45^'+[JV2L
MNEW^8O[;_P#P31N=(_X;]N_A_P#`O4X;[3F\(:K\)GT3PI-FUU%[>V;4;O0O
M*CPER9(E\^:TQ)F,;V^48\D\'_\`!.GXL_$K]F6+PWJ7@WQ/9_&6U\&>,4\=
M*GP7U&TNO%=W);SE8=:\3WFJ&SUV26^^RSVDMG!=2++'&ZK$BNX_97_A8_[4
M_P#T1O\`9_\`_#R:O_\`,Q1_PL?]J?\`Z(W^S_\`^'DU?_YF*Y'17LW3OO%1
M]+1<;KIK>\E;WK):*]^N-:TXSM\+OZWY?G=6;3OHVWJ?`/QH^$>G^(OV6_V0
MO!1^!WB[3OA/I'A?4&\226?P:U/6]0\.:[%:VZLB^'9K<VJ7%S*;X+?W^FW<
M8:5GC*>:TQJ_\$+/V>?B]\,_VF/@A<?$7P5\1M''A+X&^(?"E[>>(-%GMHM/
MN$\7%K6Q,Q7RLBT1&B56PT*JR#9BOT(_X6/^U/\`]$;_`&?_`/P\FK__`#,4
M?\+'_:G_`.B-_L__`/AY-7_^9BNWV[]O*O;64I2?K*-2/X*H_DH]>9RXXTK8
M>.'3T7*K];1<7^+C=WW;;T7*H^_T5X!_PL?]J?\`Z(W^S_\`^'DU?_YF*/\`
MA8_[4_\`T1O]G_\`\/)J_P#\S%8&I[_17@'_``L?]J?_`*(W^S__`.'DU?\`
M^9BC_A8_[4__`$1O]G__`,/)J_\`\S%`!\1O^4IOP;_[)5X\_P#3OX,HKS_P
MEXC^*GB#_@J;\+_^%F>#?A_X1\GX5>-_[-_X1CQE>>(OM>=7\(>;YWVC2[#R
M=N(]NWS=^]\[-HWE`'H'_!)W_E%E^S3_`-DJ\+_^FBUKW^O`/^"3O_*++]FG
M_LE7A?\`]-%K7O\`0`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`
M!1110`4444`%%%%`!7@'_!)W_E%E^S3_`-DJ\+_^FBUKW^O`/^"3O_*++]FG
M_LE7A?\`]-%K0![_`$5\)?\`!8?X7+IOB'X*^(M*\7_%GPYJ/C7XK^&_"6L1
MZ!\2/$&C65UIEP\JS0BUM;V.WC9PHS+'&LN1G?GFNO\`B+^V+K?[/?Q@O_@/
M\%_AU=_$_7?ASX)_X337;GQ?\0KRU6UM)9I5MK1=0N8;^ZN[V9HIF`GV1HB+
MF<9"K$:D?9N<G:TI1_\``8*HWZ*,D_E+LF[<).HJ<=;QC+_P*3@EZN2:^:[N
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M_L%_\%D;?]NC]J/Q%X!LO!OASP]IFD3:M!`\_CJT;Q/&UC<11*UYH,L4-U#%
M<1R>;'-`US&``KLC'`FDO:64-;IOY))W]&FK?S;*[3%4FH+FD]+I?-]/EU_E
MZV/MNO`/^"3O_*++]FG_`+)5X7_]-%K7O]>`?\$G?^467[-/_9*O"_\`Z:+6
MD4>_T444`%%%%`!117R/_P`%:/B!KNK>&OA7\%?!WBK7O!OB_P"/'C.VT--7
MT*]>SU32]*M$;4-2N()4971A;V_E;E((^T#Z5G4FXI<JNVTDO5I?=K=OHM2X
M13NY.R2;;\DFW^"VZGUQ17Y^_LU_\%2-4^'W[!7[-=YXETJY\:>-O%7C^Q^"
M7BN>YU7R+BPU>&2ZL[J^E;RY#,YDLC(4.TN)P=X[_2?[&/[9?_#76N_&2Q_X
M1O\`X1[_`(5)\0K_`,![_P"T/M?]J_98;>7[7CRT\K=]HQY?SXV9WG.!T.FG
M*2IOF4;ZK9I<FJ\FJD&NZEIL[97DDO:*S=M-[-\ZMIYTYI_X?-7]OHHHK,H*
M***`"O`/VR/^3BOV3O\`LJM]_P"H/XKKW^O`/VR/^3BOV3O^RJWW_J#^*Z`/
M?Z***`"BBB@`HHHH`**_+;X]?M>>,;7_`(*4WGQ=L/'/B:R^"GP<^(^@_!S6
M]!M]3>/1+^34;*Y%]?7$`?8\MO?:CI2!V7<@@?!ZUZK^V1_P6AU[]G-?CWK'
MA#X/VOC[P;^SG+ING>*=3N?%_P#8]U<:C>)%)Y%I;_8YUEB@2>`RR/+&P+L$
MBDVY)2?M(1E'[7Y6@T_1QJ4W?;WDMRY0DJKI==+>;;E'E[\RE"::WM%O8^]*
M*BL+K[=8P3[=GG1J^W.<9&<5+3::=F8TYJ<5..SU"BBBD6%%%%`'@'[&_P#R
M<5^UC_V56Q_]0?PI7O\`7@'[&_\`R<5^UC_V56Q_]0?PI7O]`!1110`44$X!
M)X`K\MOV5_VN_&7B+_@H]H'Q<U3QSXGOO@W^T#XN\5?#3PSH,^I.^AZ<^DI;
M+IUY!`7*)+=2:=J^755+>>@.>*=)<]54MKIN_32R2]9-I)?Y!4]VDZO9I?@V
MWY)1C*3?E;=GZDT5\/W/_!9;[/X>OK__`(5QN^Q?M#)\!=G_``D&-^ZY6#^U
M<_9N,;MWV;';'G=Z^X*(KFIJJMG;\8QFO_)9Q?SMNFDYKEFZ<MU?\)2@_P#R
M:,E\K[--E%%%(05X!\.?^4IOQD_[)5X#_P#3OXSKW^O`/AS_`,I3?C)_V2KP
M'_Z=_&=`'O\`1110`4444`%%?EM\>OVO/&-K_P`%*;SXNV'CGQ-9?!3X.?$?
M0?@YK>@V^IO'HE_)J-E<B^OKB`/L>6WOM1TI`[+N00/@]:]5_;(_X+0Z]^SF
MOQ[UCPA\'[7Q]X-_9SETW3O%.IW/B_\`L>ZN-1O$BD\BTM_L<ZRQ0)/`99'E
MC8%V"12;<DI/VD(RC]K\K0:?HXU*;OM[R6Y<H255TNNEO-MRCR]^92A--;VB
MWL?>E%16%U]NL8)]NSSHU?;G.,C.*EIM-.S,:<U.*G'9ZA1112+/`/B-_P`I
M3?@W_P!DJ\>?^G?P911\1O\`E*;\&_\`LE7CS_T[^#**`#_@D[_RBR_9I_[)
M5X7_`/31:U[_`%X!_P`$G?\`E%E^S3_V2KPO_P"FBUKW^@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"O`/^"3O_*++]FG
M_LE7A?\`]-%K7O\`7@'_``2=_P"467[-/_9*O"__`*:+6@#M?VE?V6?#W[4U
MMX(B\0WFLV:^`?%VG>,]/_LZ6*,S7EDS-%'+OC?="2YW*NUCQAEKA?VD/^"=
M'A[X_?&"Z^(.E>./B-\+?&NK>&9/!VL:MX/O+*.76M):1I5MYH[VUN8E:-WD
M:.>%(YT\Q@)<8`^A*\+_`."DW[7%S^P]^QCXR^(FF6%GJOB+3XX-/T"QNP[6
M]YJEW<1VMG'($(<Q^?-&6"E6*A@"#@B)))<MKW=[=Y22A:W7F5HM;-:/1LTA
M)\_->VB5^RBW)7[*+;E?H]>AY+)_P0F^"%C\&_B_X`T.7QCX9\)_&;2M!T;4
MK'3;ZWQI-OH\,<-J+-I8)&#NL8,KSF9G9F;()KIOC3_P2(^&WQUL/C];:OKG
MCBVC_:-M]%MO$IL[RU0V*Z5$D5N;/=;ML++&"_F^;DD[=O2O(?"7_!5SXC:-
M_P`%:OBC\%/&6E>`;?X9^`?#$5Y%JEE;W46JR:I_8UOJDB.[SM"8#$+XJ!&'
M`B3+'#%O.?V-/^#@CQ'JGP!T[7?CEX(,GBKQ%\6HOAMI]IX"\-:G<06B/I]E
M>/+/&&NYGF1;B4+%$#),4`2,`2.F].3JU+1E>3C!^=ISC"'WR46O*S9FG[*$
M9+11V\K0C4?_`(#&,;^:25SZW\;?\$Q?#NO_`!B\5^+_``Y\1_BY\-Q\0WTV
M;QCI7A'6;;3[;Q/+8JL<4LDYMGO;21X$2&1["YM6=$&3NRYE^%?_``3+\+_#
M;]I_2_BI?^._BGXZUCPQ%JT'ABQ\6:U#JEOX7CU*2-[I+:=H!>R+B-8T6ZN9
MUC0D(%ZB_P#L#?M<ZQ^TVGQ6T+Q59Z38>,/A-X\U+PEJ":;#-!;7-NA6>QN5
M25G=3):3P[P6(\Q9",`A1]`U$';DJ1ZQNG_=G%6^7+9)=%HK$.,6I4NB=O*\
M';\UOULF[A7@'_!)W_E%E^S3_P!DJ\+_`/IHM:]_KX"^#'[7&J_LN?\`!)O]
MAO3/#%CI>H^+_BKI/@#P9I<6HI*]M#'/IMM+>3NL;*Q\NSAN&7Y@`^PG(!4I
M:RC#K)QBO6345^+1;=HRD]HIM^B3;?R29]^T5\Z^*/\`@K%\`O!WQ97P5J'C
M>Z36W\60>!(Y8?#FJW&F3:],R*NF)J$=LUF]TID7S(UF+1?-Y@3:V'Q_\%5_
M@0[_`!)8^,-22R^$5U=:?XLU%_"^KIINE7EO.EO)9?:S:B":[,LD:QVT+O--
MO4QHX(-$7S)2CJGK\E9M_=*+_P"WEW13BT^5K6Z7S=TEZNSLO)]F?0]%?-%Q
M_P`%?_V?M.#17_C#7='U1/$=GX2?1M4\&:YI^M1ZI>6S7-I;-I\]FEVIGB1C
M$YB"2$;59F^6J_A/_@LK^SGXRU'3[>V\=:I9IJ&MMX9:[U3PCK>F6.G:LKR(
M=.O;FYM(X;&\)C;%O=/%*P*$*0Z%B^MO3\;6^_FC;_$NZ$TTKO\`K?\`R?W/
MLSZ?KP+]HO\`X)J_"K]KG]H_PE\1OB;HL7CS_A"M&O-'TSPQKMG9ZCX=0W4D
M;RWCVLT#%[G$2(KE]JJ.$W?-6I^RE_P4-^$'[;6JZO8_#3Q5<:[>:+9VNI7$
M5SHFH:4TMG<F06]W!]K@B^T6\ABD"S0[XSM^]R,T?VB_^"EGP:_93^*,G@GQ
MKXDUBU\5P^'F\62:9I?A;5];N(]*662)[PBRM9L1(T3[R?N!=S;5()F?+%QE
M/3>U_1IV^7-Z*[Z#AS24HQUVO;U5K_.WK=+J>8_\.0_A'HG@/7O#?A75?&?@
M32[_`.(MG\4M$A\/OIUO#X+UJV5%5M,@>S>".!U3#0S1S(0[`!00![#^QQ^Q
M-X=_8JT_Q['H6O\`BWQ)=?$CQ7<^,]:O?$%S!/<2:A<10Q2E/)AB5(SY"L$V
MX4LP&%VJN+\3_P#@J'\"_A+I>A7NH^-Y-3MO$7AQO&%J_AW0]1\1>5HB[<ZI
M<#3[><VME\V/M%QY<9*N`V4?;I_#_P#X*(?"'XM?M!W?PN\*>)[WQ1XOT^VM
M;V[72-`U*^TVSM[JS%Y:SRZC%;M91Q30$-&[SA9"=BDO\M;0C.+<(WV::\H\
MJ:^7LXI_X%?8SDU)*3V^+[VW?TO4;3V]]VW/:Z*^?_VA?^"AWAC]G;]L/X1?
M!C4M`\8:EKOQ;%[-;7^GZ+=WEEIT-NG+2-#%(23*T8;HD$;-+,\2!=]GX2?\
M%,O@C\=/B=I_A+PMXU;4M2UM[Z/1;MM&U"VT?Q(]BVV[33=2E@6RU!XB&++:
M32D*CMC:C$9)IQYEMK_Y*VG]UG?L7)-7OTM^*NOO6J^?8]WHKYW^`?\`P59^
M`W[3GC#PIH?@KQI>ZI>^.K6^O/#LEQX:U73[/6ULF*WB6]S<VT<$LT)'SPJY
MD4<E0.:7X!?\%6/@-^T]XQ\*:%X*\:7NIWWCNUOKOP[)<>&]5T^SUM;)MMVE
MO=7-M'!)+"1^\A5S(HY*@<U33V_K2]_NY9?<^S"2M>_1V?D^WJ?0]>`?MD?\
MG%?LG?\`95;[_P!0?Q77%?$O_@JYX!\:_#'QE:?!KQ3I>M_$:W\/ZWJ?@Y=<
M\/:K!X?\77&EJWVB.QO6C@M]21'7#&QN)"%._)4$U5UW]H'3/VKK+]A+XEZ/
M&T&F^.O'#ZW#"QW-;B?P%XID,9/&2C$J3ZK1%.2;72W_`)-S)>NL)+3:VHI^
MZU&6[YO_`"7EO?M\2/KZBOE6/_@I9H_AS]H[]HFU\6WV@>&?A'^SUINBP:IK
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M(L1)(W@JP%-/7R_SY?\`TK3UTW"W]?C^33^9]04'D$9(S7R_J7_!9/\`9VT6
MTOC?>,]>L-3T[4+?3)M"NO!.O0>(&EGMI+J%DTM[(7LD+V\,LHF2%HML;'?P
M:]\^$?Q>\-?'CX5:!XW\(ZM;ZYX5\4:?%JFEZA`&5+JWE0.CA6`920>58!@<
M@@$$5+^&4GM'=]KJZOVNM5Y:DMV:B]WJO.VC_$^2=5_X-^/V;?$OP%\8^#=:
M\+#7?$7C?4K[6+[XAW]CILOC6"\NKHW+30:B+4&(HYP@";0HP0V6)^<_^"CG
M_!,SXK?&OQ=\;O!7@#P-\3K?2?C+:^&+6Z\3VGCCP^WA?7[FT:&*;5-8LIHH
M-3M;BW@B!9-/::*Z\M-T8.5/VQ\`O^"MG[/_`.T[XM\,:+X+\<W6H77C478\
M/SW?AO5=,L-;DM/^/F"VN[JVBMY;B(`EX$D,J@$E<`FFZ5_P5R_9[UE]3:'Q
M]*EEINFZOK$.I3>']4@TS6[32@QU&73+Q[86^J"!59F%C).=H+`$<T0:IN,E
MHHI.VRM'7[DHW=K?"GO%-;>^YNR][FWZJ3=_O;35FG?56U9]%V%K]AL8(-V_
MR8U3=C&<#&:EKS_]FS]I[P=^UQ\,X/&/@.ZUK4?#-XP%I?7_`(?U#2$U!#&D
MBS6XO((6G@974K-$&C8Y`8E6`\&^"W_!:+X0_%'P3\0?$>L)XL\$:3X'\<OX
M"MAK'AS41=^([_>(HX;&!+<O=74DRS`6=OYURB(CRQQ[PHN:E[1PEI)*[3TT
MO%?G**MYG/2A&-./)\.D5UZ-I?=%_<?7-%?/M[_P5-^!.F?"_2_&%UXUN+32
M-7\6CP'%!/X?U.+4[?7B'(TVXL&MQ=VMP1&2$GAC)#1D9$B%H6_X*L_`:+X5
M:;XSF\:7MKHFJ^,3\/H4N/#6JP:A%X@&_P#XELUB]L+J"?,;#;+$F3M&?F7,
MKJNUOQY;??S1MWYH]T:--;^?X<U_NY97[<LNS/HBBO`[+_@IW\$;_P""4_Q`
MC\7WBZ#;^)3X,:UD\/:I'K;:X)?*.EKI+6XU![S=SY"VYDVAGV[%+#@G_P""
MI.A^)OVH?@IH_A.^TG6_AO\`%6_U_P`(7T]QIU[I^N>'O$VGQ)<1V=S;W`CD
MMRT4=TCP3P)*&\I@0IPSC%R:2ZV_%)K_`,"O%1[N4;;HF3M%R?2_X7O]UFWV
MY7V.Z_8W_P"3BOVL?^RJV/\`Z@_A2O?Z\`_8W_Y.*_:Q_P"RJV/_`*@_A2O?
MZ0PHHJ'4=0ATG3Y[NXD6*WM8VEE<]$51DG\`*F<U&+E)V2'&+;22U92\;>&?
M^$U\&:OHWV_4-*_M:RFL_MMBR)=6GF(4\V(NK*)%SN4LK`$#((XKX_T/_@@/
M^S?X-^$7PZ\.>&_"47A;Q%\,M4TW6=-\=Z3I^G6_BZ]NK*42J]W?_929Q*P(
ME4J%8'@+A<<9I_\`P5J\>Z[^R/\`LZ_%:WT/P=9V/QZ^,<'A*&"XM[DBS\-7
M-W?I;SY\Y<7A@M87,AS%EVQ'C`'T-)_P5#^"!^&?A#Q9;>+-4U/3/B#>75CX
M6MM-\+ZM?ZKXE:U#&XDL=/AM7O+F"-4+-/%"T(4JV_:RDW%<C=3:2DD^ZE!1
MDO2W.OG=:V"?O+V>Z<6_)Q;E%OS34&_\.O4\_P#$?_!%[X>^(OB;>Z\/&_Q0
ML-'O/B?:?&#_`(1BUOM/32(?$4#1LTZ[K,W)BF,>9(GG9,NS((VP1]@5\_\`
MC7_@J'\%?`G[/^C?%6Y\0^(M3^'6MV-QJ2>(-#\&ZWK=E806YQ.;UK.TE^PM
M$VY72Z\IT:.12H:-PN+\-OV^9/''[>.B?#D6]G)X'^(_PU@\?^"-2?3;S3]1
MG,=SY5Y!<Q7&UAF.>TEC4Q1.@,@<,2,.FFDL/'HVK=FH;/M:%.ROTA9;6)J2
MUE6GN_QO-+3_`+?G=VZR;>Y]-4445(PKP#X<_P#*4WXR?]DJ\!_^G?QG7O\`
M7@'PY_Y2F_&3_LE7@/\`]._C.@#W^BBB@`H/((R1FBOSY^.7_!6_QSX8_8E_
M:7^,GA/1/!\VG_"CXBQ>"/"::A;7,J:E'#>Z?87UQ=!)HRY-Q<70C\LH%$:;
MMY#94?>FJ:W>OWRC#_TJ<?SZ%*+T\VHKU:;M]T6_EZ'6:K_P;\?LV^)?@+XQ
M\&ZUX6&N^(O&^I7VL7WQ#O['39?&L%Y=71N6F@U$6H,11SA`$VA1@ALL3\Y_
M\%'/^"9GQ6^-?B[XW>"O`'@;XG6^D_&6U\,6MUXGM/''A]O"^OW-HT,4VJ:Q
M9310:G:W%O!$"R:>TT5UY:;HP<J?O'5?^"E'P7T#P-K_`(AO?&133?#?B@>"
M;AXM'OYGU#72P3^S=/C2`R:C<;R5\NR68AD<=4;$FG?\%%_A3KOP?N?'.E7_
M`(RUS1-.U>?0=2M])\":]J.KZ)?0!FE@OM-@LWO;)D5=Q^TP1C:\9SB1"Q3E
M&GRU(OW8J/\`AM[KCMT:Y6K-7]U[J+3C*<GS+XFW9]>:]Y?.\6FFGIS*VY[9
M86OV&Q@@W;_)C5-V,9P,9J6OD73_`/@J5HOC[XW_`+.5WX*GL]>^"_[0L>M:
M7IVM7.CZAINH)JMI$+BV9%N5C)MIHH;M/FA!9EC97*Y!^NJTE&6\E9W:?=-=
M'V=K/T:?4PIJ$4H0V25O39?BFO5,****@T/`/B-_RE-^#?\`V2KQY_Z=_!E%
M'Q&_Y2F_!O\`[)5X\_\`3OX,HH`/^"3O_*++]FG_`+)5X7_]-%K7O]?"'_!,
MK_@IM^S;X"_X)M_L^:%KO[0?P/T76]%^&OARPU#3[_QUI=M=V%Q%I=LDL,L3
MSAXY$=65D8`J000"*]P_X>Q?LL?]'+?L_P#_`(</2/\`Y(H`]_HKP#_A[%^R
MQ_T<M^S_`/\`AP](_P#DBC_A[%^RQ_T<M^S_`/\`AP](_P#DB@#W^BO`/^'L
M7[+'_1RW[/\`_P"'#TC_`.2*/^'L7[+'_1RW[/\`_P"'#TC_`.2*`/?Z*\`_
MX>Q?LL?]'+?L_P#_`(</2/\`Y(H_X>Q?LL?]'+?L_P#_`(</2/\`Y(H`]_HK
MP#_A[%^RQ_T<M^S_`/\`AP](_P#DBC_A[%^RQ_T<M^S_`/\`AP](_P#DB@#W
M^BO`/^'L7[+'_1RW[/\`_P"'#TC_`.2*/^'L7[+'_1RW[/\`_P"'#TC_`.2*
M`/?Z*\`_X>Q?LL?]'+?L_P#_`(</2/\`Y(H_X>Q?LL?]'+?L_P#_`(</2/\`
MY(H`]_HKP#_A[%^RQ_T<M^S_`/\`AP](_P#DBC_A[%^RQ_T<M^S_`/\`AP](
M_P#DB@#W^BO`/^'L7[+'_1RW[/\`_P"'#TC_`.2*/^'L7[+'_1RW[/\`_P"'
M#TC_`.2*`/?Z*\`_X>Q?LL?]'+?L_P#_`(</2/\`Y(H_X>Q?LL?]'+?L_P#_
M`(</2/\`Y(H`]_HKP#_A[%^RQ_T<M^S_`/\`AP](_P#DBC_A[%^RQ_T<M^S_
M`/\`AP](_P#DB@#W^BO`/^'L7[+'_1RW[/\`_P"'#TC_`.2*/^'L7[+'_1RW
M[/\`_P"'#TC_`.2*`/?Z\`_X)._\HLOV:?\`LE7A?_TT6M'_``]B_98_Z.6_
M9_\`_#AZ1_\`)%>'_P#!,K_@IM^S;X"_X)M_L^:%KO[0?P/T76]%^&OARPU#
M3[_QUI=M=V%Q%I=LDL,L3SAXY$=65D8`J000"*`/N^OCG_@O!X'U/Q-_P3FU
M_7M)MGO;GX:Z[HOCJ:V52QFMM+U&"[N>`"?E@CE?C^Y7H_\`P]B_98_Z.6_9
M_P#_``X>D?\`R11_P]B_98_Z.6_9_P#_``X>D?\`R14M.\9+>+4EZQ:DOE=*
MY46M8R5TTT^FC33UZ:-Z]#Y._:I_X)%?$W]HKXW_`!R^(_@CQ3\/[`_%K5/#
MMWX>NKN\NR]OI:>'[O1-6$HC@*B62VOI6@V-(I98V8IBK%]_P1^^)_A)]3UC
MPU=_#J\U32_VDQ\:-`TJZU:[L+&YTI;%+5;&>>.RE:WN/E)_=PRQ@`#<<\?5
M/_#V+]EC_HY;]G__`,.'I'_R11_P]B_98_Z.6_9__P##AZ1_\D5=-^SDI4]+
M<J772+IRBO.SIQ?SE_,R)MU(\M772SZ+6,HNW:ZF[]=(ZZ(\M_X)-^'-0\1_
M&G]K#XH7$,<&F_$#XJ3V&E^4YDAN(M'M(=+EFC<@;U-S!<)NZ$Q'@5]HUX!_
MP]B_98_Z.6_9_P#_``X>D?\`R11_P]B_98_Z.6_9_P#_``X>D?\`R10G:$(?
MRQC'_P`!BHW^=KA;WIR_FE*7_@4G*WRO8]_K\LK_`,-7FB?\$\O^"8?Q,CC$
MFD?#BZ\"+K+-D):VFIZ''I8G8]@D]U`,D@#?S7V=_P`/8OV6/^CEOV?_`/PX
M>D?_`"17A_\`P3*_X*;?LV^`O^";?[/FA:[^T'\#]%UO1?AKX<L-0T^_\=:7
M;7=A<1:7;)+#+$\X>.1'5E9&`*D$$`BDE:<)_P`LHR]>62E;YVL.2O"</YHR
MC_X%%QO\KW/A_P`7W?\`8_QE\+_L]>"_%_P\\8G1OVO+7Q8NDQ7&H6WCJ")K
MM]3O%NM+N;6'%K:HTS_VE'-/#-&J`!225^U#_P`$T/C5X4_9)_:+\)>#O'VA
M^%O&OQ4^+]_\0M"O]-UG4=/3^S9[^UN#87-Y;1QW5I)-%!)%(]MO*"3Y6;)K
MWS_A[%^RQ_T<M^S_`/\`AP](_P#DBC_A[%^RQ_T<M^S_`/\`AP](_P#DBE2B
MH4(TENDE?T5%;;6_<PT=[JZE>[O567/5<]DW>W5.]5WNK/\`Y>RVM9ZJVB7P
MI\,/^"$/Q/\`"?[9EG\3+72?@5\/_#<OQ'\)>-9?#7AG5=1N%TRVT>TU*TGA
M25[&(75Q,+F&<S.D)DEDN-_17D]#\;?\$<?B;XG^%OB30H-;^''VO6?VGC\:
M83?M=W5F-&-PLGV>:(0H9+G:,-"&6-NGGKG</JC_`(>Q?LL?]'+?L_\`_AP]
M(_\`DBC_`(>Q?LL?]'+?L_\`_AP](_\`DBJOLNUOP=)KS_Y<P\W9W=VV*3<I
M.3W:M]T:D?RJ2_#L>._\$J?^">?Q1_8M^(FNW/B;5?#GAOP$WARTT?2?`?A7
MQAKNO^';>_6ZN)[G4[:#51NTP2+)&@M())D'S$R'"UYS^U'9?$G5/^"[^LV?
MPML/`^I^)-0_9O-F(/%6HW6G6*+)KTZ";SK>"=\QL5;R_*_>`%?,B.&KZH_X
M>Q?LL?\`1RW[/_\`X</2/_DBC_A[%^RQ_P!'+?L__P#AP](_^2*BI%5''VFJ
M2DFNZG&<7K_V^WILO=CRJUG3G[-3Y-')Q?IR2A):?]N):[OWG=WO\7R?\$&_
M&OP,NO"%U\/];TWQV^G_``DL_AMJMKK'Q'\3>`H1=VDDDD=\'T7S)+NUD,\R
MO8S&,*$4K-EVV_1/_!,S_@FIK'[`OQQ^+NJ/<^$V\)>,=)\)Z9H-IH\E]NLQ
MI.D_8YP\=V\TD4;2<Q*UU<,$P&DR.?1_^'L7[+'_`$<M^S__`.'#TC_Y(H_X
M>Q?LL?\`1RW[/_\`X</2/_DBMU6E>3ZRO?YR<W_Y,VUUL[;))9*G%1C%=$E\
MDHI?A"*TTTONVWR_[:G[%_C'XW?MB?`WXG^%6\-W5E\/K3Q!H>O:?JFKW&ES
M26.KVT-NUQ:RPVMQNGA$;L(W$:N2H\Q.6KQ7]GK_`()4?%KPGIG[-OP\\9ZQ
M\.3\-_V7-8N=:T?7M$NKLZWXPD2&XM["*XL)+98+`+%<NT[)=71D>(!0F\LO
MTE_P]B_98_Z.6_9__P##AZ1_\D4?\/8OV6/^CEOV?_\`PX>D?_)%<Z@E'DZ?
MJG*2?_;LI2DO.3O=)):3]Y-/JFODURR7SBDGZ)JSU/F;]DS_`()$?$KX#^'O
MV,+36-<\#W,G[.E]XLN?$AL[RZ=;U=5@NH[<6>ZW7>5,Z;_-\K`#;=W&:G[-
MO_!&SXA_"[P!^Q[H7B#7O!LL?P$F\8?\)2^FW]WONXM8MKN&#["S6ZEG0W"E
MS)Y6W!*[L#/U)_P]B_98_P"CEOV?_P#PX>D?_)%'_#V+]EC_`*.6_9__`/#A
MZ1_\D5I5?M.=35^;?_R;_P"297M)7YD];-??S?\`R;_`^$_`G_!+GQ+_`,$[
M_@1IWB'QU_PB&M^#OV:?#7B/6=-\0S_$?Q=J=YJK+9W,=HUOH4LT6E:.[02L
MLP1KQ6.41%W^8OLO[+_P)U?]F?\`9<_X)P>!M?ADMM=T#Q08]0@<8>VN'\">
M*I9(B,#!1G*G_=KZ'_X>Q?LL?]'+?L__`/AP](_^2*\/_:O_`."FW[-OB/X\
M_LR7FG?M!_`^_L]`^)5Y?ZG/;^.M+ECTZW;P=XEMUFF99R(XS//!$';`,DT:
MYW.H-*I+W^9WY^5OUCSZV6EWSZV25HJR,90BW!I6Y5)?*7*TN]ERO>^_D?-'
M[9_PFM?!EY^WKH/BCQ#:^#8XO$W@SXTZ!J]_IM]J%C-$GD(!=0V<,T[6@N],
MDAEDCBD\H/YC`A<'&\._`CQS_P`%;_$G[=A\*:Q\*KD_$-?AYIVG:[H/B"?5
M_"0N=,87MU:Q:FEN'NI(X3'O9;=-KSHC*N"Q_2#_`(>Q?LL?]'+?L_\`_AP]
M(_\`DBC_`(>Q?LL?]'+?L_\`_AP](_\`DBIP_P"Z45_*HV\G'D2?G[M.*>VJ
MNK7:>M23<G):7=W_`.!<_P!W/S.VUI6W29\__P#!3/\`X)F_%G]L[XM>(#I]
MW\//%WPZ\3>`1X6L]#\9:YJ<%EX(U<R7"OKUMIL,$UI?W8@N#Y;3>3+&\4>R
M9!G/C'@[_@A)\8-$_87^.OPSN-=^&4.O_$_3OA]9:5);ZE?O8VK>'[6PANS,
M[6GF*KFU<Q;5<D,N[9SC[G_X>Q?LL?\`1RW[/_\`X</2/_DBC_A[%^RQ_P!'
M+?L__P#AP](_^2**$G23Y>K3?RGSK[I/UM97LE:7K*$OY=O_``%1_**\KW>[
M=_E/]J[_`((_?$CXO?MK_$CXJ:7I_P`)/$VE^)[WPM>:-::MXEU[PWKNDS:7
MI][;R75IJNF)YEA.LMQ&R82Y25`P=8RJD_:?[%7P=\9_L_?L?>!/!GQ#\9WG
MQ"\;^'M%CM=:\0W5Q)<2ZE<X)9C++^\E"YV"20!W"!F`8D5S'_#V+]EC_HY;
M]G__`,.'I'_R11_P]B_98_Z.6_9__P##AZ1_\D5E.G>C4H)Z3_!J/+^6_>R[
M(4DG4C4>Z27R5DOR_/N?GM_P1\_8V^('[8'["O[*$^O77A'1OA1\+]5\0>)8
M;S3M0N_^$CU:[EEU.QBM&@,(AMXH_M4TC3BXD:3;&HBCRS5M^"O^"`WQ$T/X
M`6?PQU&7P-JEEX'\+>)=&\->)]1^)/C'49+VZO;*ZLK":/0WD33-&`BNF-P8
MA?*0&2.,;]Z_=W_#V+]EC_HY;]G_`/\`#AZ1_P#)%'_#V+]EC_HY;]G_`/\`
M#AZ1_P#)%:UU&HZFEE.[?>]FD[[WBG9/2]DW=ZFL:LE457JF[>2;;:MM9MN_
MX65DN\_9%^$NI?`/]E3X:>!=9GL;G5_!OA?3=$O9K-W>VEFMK6.%VC9U5BA9
M"06521C(!XKX<L_^"2?Q>\'Z]>ZEH>H?#>>[\%_'B_\`C/X.-_J][Y/B"'4!
M+%<Z7J$:V1^P2)%*3'=0F[^<<PJ,Y^I_^'L7[+'_`$<M^S__`.'#TC_Y(H_X
M>Q?LL?\`1RW[/_\`X</2/_DBKJU93Q#Q+?O/7Y\\9IV\I0B^VEG=,YZ=*,*"
MPZ7NK\N64/QC*2?K=6:3/F+6/^"1GQ0\?^.;+XB:WK'@+3_&WB'X_:%\6/$>
MDV.H7=QI6DZ5I=E)8Q6=I<O:I+=W31;)&>2&WC+.R@($#/)?_P#!(CXE77BF
M\OEUSP.(;C]JB#XX*#>76X:*EHL)MS_H_P#Q^[AD)_JL?\M<\5],_P##V+]E
MC_HY;]G_`/\`#AZ1_P#)%'_#V+]EC_HY;]G_`/\`#AZ1_P#)%31E[)Q=/3EM
M;RY72:7R]C3WU=G=ZLTJ>^I*7VE)/_M[VM__`$]/[UV/DOXF_P#!$[Q_XRM_
M&.LP^(?#S>(!^T)=?&'P]86OB;5M"AU'3KBRALY+*XU&RC6ZT^ZV"5UFMDFV
M%57YA(Q7F;3]AK7/AA^V5^S5X3O=)\/:=XJU_P")^N?&#Q&FC^*->\4&RL--
MTI;"![G4M8F>XNYG:[M(VF$-JA+JBQ?N_,?[:_X>Q?LL?]'+?L__`/AP](_^
M2*/^'L7[+'_1RW[/_P#X</2/_DBE0?LN11VCR^ON*"C^-.FW>]^5I6YFQUW[
M7FY]Y<W_`)/SW_\`3D[==5>Z20?L;_\`)Q7[6/\`V56Q_P#4'\*5[_7PA^RA
M_P`%-OV;?#GQY_:;O-1_:#^!]A9Z_P#$JSO],GN/'6EQ1ZC;KX.\-6[30LTX
M$D8G@GB+KD"2&1<[D8#W#_A[%^RQ_P!'+?L__P#AP](_^2*0CW^L?XB>%O\`
MA.OA_KNB&0PC6=/N+'?_`'/-B9,_ANKQC_A[%^RQ_P!'+?L__P#AP](_^2*/
M^'L7[+'_`$<M^S__`.'#TC_Y(K*M2C5IRIRVDFG\]"Z525.:G'=._P!Q\,?"
M3_@GEK?_``49_P"",O[+_P`)[^?3]$D^#?CV"Q\>6<^H7-A=?9M%GU'3;ZV@
MDA1G6X<$%03&,.3O7Y2?7OAI_P`$XOCY\%=8^`OC&TUWX;>.?&7[/^G:WX$L
M[+6=5O=/M?%'AFY$*V-S+>1V<S6>I0I;0+*J6T\<H#_O%R#7T3_P]B_98_Z.
M6_9__P##AZ1_\D4?\/8OV6/^CEOV?_\`PX>D?_)%=,JDG.51:.4G)_XG'E;_
M`/`>9):V4I:WLUC[./+&G;W8KE2[1YG)*_5IM-O2[C%Z6L?)WC#_`()+_&NT
M_9'\&_"ZPN?ACXOT?Q'\0=1^)'Q;TB^\1ZAH%GKTUS=M>IHMG-'I]XYT];AE
M$CS1K),MNORQ^:RIZ'8Z/XP^-'_!:;X5WOB+0_#^@ZC\'_A-JM_X@M]"U>75
M]/LKC6-02VL[=;F6VMF<O#I\\N&@C(V,,$`,?;O^'L7[+'_1RW[/_P#X</2/
M_DBC_A[%^RQ_T<M^S_\`^'#TC_Y(J:;Y)1:6D6[+UINDEZ*-K?X5W=ZJKGC)
M/=VU\_:*HW;NW?:VZZ)(]_HKP#_A[%^RQ_T<M^S_`/\`AP](_P#DBC_A[%^R
MQ_T<M^S_`/\`AP](_P#DBI&>_P!>`?#G_E*;\9/^R5>`_P#T[^,Z/^'L7[+'
M_1RW[/\`_P"'#TC_`.2*\/\``/\`P4V_9ML_^"DGQ8UV;]H/X'Q:)J7PU\%V
M%IJ#^.M+6TNKB#5/%CSPQRF?8\D:7-NSH"2HGB)`#KD`^[Z*\`_X>Q?LL?\`
M1RW[/_\`X</2/_DBC_A[%^RQ_P!'+?L__P#AP](_^2*`/?Z_*/P+^POXO_:<
M_P""7_[5?[+6D7VD:%XUTKXPZBL%SJES-;0_8[C5K+7K>X9XXI'7S+6?Y&6,
M@L!TP2/MW_A[%^RQ_P!'+?L__P#AP](_^2*/^'L7[+'_`$<M^S__`.'#TC_Y
M(J8Q2J>T:OI:W_;\)W^^%K=;EJ;7+;1QDI+U491_]NO\CYDT?_@D7\4_A5X#
M\&^'O"/B?P=JFD_`#XI?\)W\++37]0O9&U#2[F*<7FCZG/Y+M`\<EW<?9[Q%
MNF"A-\><TOQ-_P"":O[0?B/X`_'DZ%K'PXTGXC?M->,K6_\`%UE;>)+^TTW0
MO#T%O':/86&HC3Y)I;N>V@"/<26D:+]IDVQ?NU+_`$U_P]B_98_Z.6_9_P#_
M``X>D?\`R11_P]B_98_Z.6_9_P#_``X>D?\`R13:NFGK>U[ZW^"][[\WLX<U
M[WL_YI7B'N\KC]EW7E\=K=K.I)JVUUV5OFKXR_#'Q;XC_:8_8@^%-]X'\$^!
M#\//$FH^+4TKPIXCN=>L=*T+1])%G`QFGL;-TW3W\$.TQ$?=PY)(7]%*\`_X
M>Q?LL?\`1RW[/_\`X</2/_DBC_A[%^RQ_P!'+?L__P#AP](_^2*T<VT[ZMMR
M;[MI*^OE&-]=6F]+V41II-6Z)17HFVE]\G\K+I=^_P!%>`?\/8OV6/\`HY;]
MG_\`\.'I'_R11_P]B_98_P"CEOV?_P#PX>D?_)%06'Q&_P"4IOP;_P"R5>//
M_3OX,HKS_P`)?M8_"S]J#_@J;\+_`/A6?Q+^'_Q$_L/X5>-_[2_X1CQ#9ZO_
M`&?YNK^$/*\[[/(_E[_*DV[L;O+?&=IP4`)^P?\`M:?"K]F'_@EK^RNOQ+^)
MGP^^'C:S\*?#9L!XF\16>DF^$>D6?F>5]HD3S-N]-VW.-RYZBOIWX4_&'PC\
M=_!%KXF\#^*?#GC/PW?,Z6VJZ%J4.HV-PR,4<)-"S(Q5E*D`\$$'D5^<_P"R
M;K7C[0M(_8(F^'7AKPAXIUMOV9)$FM/$?B6YT"U2#R/"I:19X+"]9I`P0!#$
MH(9CO!4*WH?BOX=?&+X1_%WPU*_BG0_A;XH_:8^*Q'B&+P4+?68=(L+3PO=;
M%AN=2L`L]U(VF12/.]F@&X1[&";WJC'GA&3^U?Y-5'#YJR<FUM9JS9=2/+>W
M17?HH.3?EM:W4^^**_.VY_:)^-?C:31]:T#XN7%CJ_Q-^(_B[X86'A)]%TJ2
MR\+_`-GPZREG>P$VWVE[R)]+MYY_M$\MNZ7$P6%08MM[Q5_P40^)'C3]EWQU
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M?H1.\;76_P#G-+[_`&<FO*U[-V/<J***S`****`"BBB@`HHHH`****`"BBB@
M`HHHH`****`"BBB@`KP#_@D[_P`HLOV:?^R5>%__`$T6M>_UX!_P2=_Y19?L
MT_\`9*O"_P#Z:+6@#W^L[Q=XOTGX?^%M1UW7M4T[1-$T>W>\O]0O[E+:ULH$
M4L\LLKD*B*H)+,0``236C7E?[9^I_#GP_P#`*_U;XJ6LNH>$M$O]/U/[%$D\
MTU_?07D,MA!%!"=]S*]VL"QP882R%%*L#BID[?AY]>BZOLM+O2ZO<J$;NUOZ
M_3UZ;D6I?M[_``+T;X5:;X[O/C3\)K3P/K%X^GV'B&;Q?I\>E7UR@8O!%=&7
MRGE4(^45BPVMD<&NN^%?QY\#?'3P&?%7@CQGX3\9>&%>2,ZQH>KV^HV`:/\`
MUB^?"[1Y7^(;N.^*^6XYO&W[)_[*OQ_^-^L:)9^&?B1\4[Q=:T[PK')#/%H-
MXUI:Z5IEO/-'E)[EWCMWN'4L@>1HT,B1K(_TG^S%\`=*_9>^`_AKP+I$DUS!
MH5KMN;V=M]SJEW(QENKV=SR\\\[RS2.>6>5B>35VTDGHTH^>K7O+3?E:MTO=
M6;LV0I+W6M4V_N3T?E>ZMOL[VTOB?"']O/X&?M!^,H_#G@'XS_"?QQXAEB>=
M-+T#Q=I^IWKQH,NXAAE9RJCJ<8'>O5Z^;OV7-*C^-G[7/QA^*^H[KEO#6I-\
M-?"RN=R:?8V:PRZA)&,?*]QJ#NLA'++86P/W`!](T)ITX37VDI?*6L6O6+BW
MV;:Z7!W4Y1[.WS6DD_25UYI)]0KP#_@D[_RBR_9I_P"R5>%__31:U[_7@'_!
M)W_E%E^S3_V2KPO_`.FBUI#/?Z***`"BBB@`K.M?&.D7WBN]T&#5=-FUS3;:
M&\N].2Y1KNU@F:1899(@=Z)(T,P5B`&,3@$[3C1KY"_9(^!?A_X$_P#!4+X_
M6^A#5IIM?\$^$=7U2]U35+G4[W4+M[S7XS))-<.[X$<4:(BD1QI&B(J(H45!
M7=GV?W_Y6OKZ*VMTY*U*4^W+^,HQ_4^K/%'C'2/`^G17FMZKINCVEQ=06,4U
M[<I;QR7$\JPP0AG(!DDE=(T4<L[JH!)`HUOQCI'AK4])L=2U73=/O=>N6L],
MM[FY2*749UBDF:*%6(,CB**60JN2$C=L84D?*?\`P5I^!?A_QEX6^&?C75!J
MUYK'A+XE^"UTB!M4N5T^SEE\26$4EQ]D5Q`]P8I7C$TB,Z([JA4.^[Q+]I/]
MHNQ\5?\`!4OX(:MXAT'XM:<_@SXD7WA;0+23X>>(OL$ELV@:K'<W\=PEH;6Z
M-Q=&':T3R>7:V@F)C1K@J4(^T2[\TE;R2@TUW;<TK?/5)CJQY82GT47+YI2=
MO)>Z]>NW5'Z54445)(4444`%>`?MD?\`)Q7[)W_95;[_`-0?Q77O]>`?MD?\
MG%?LG?\`95;[_P!0?Q70![_1110`4444`%-FF2WA>21UCCC!9F8X50.I)["G
M5Y_^T_\``[0?VB/@MK/A?Q1_:\N@7<#O>VECJMSIPU&,1MFWF>W='DMWSAXB
MVR1?D<,A93AB:KITI5$MDW]QI2@IS47U.Q\*^*]+\=^&=/UO0]2T_6=&U>WC
MO+&_L;A+BUO8)%#)+%(A*NC*00RD@@@@U@?#;]H'P%\9=?\`$.D^#_&_A#Q7
MJGA&Z^PZ[9Z/K%O?7&BW&YU\FY2)V:"3=&XVR!3E&&.#7E7_``2YM%N/^"77
MP"MP[0))\-M#C#1G:8P=.A&1Z8KXJ^'?B3QK^Q7XO^#-MHNF^"_'^F?#?X-Z
M]8Z'+\-4U#Q%<>,M/:]T6"PU2[M[6W#QK+<,)6AMQ>``7LJ3.1M/;B::I8JI
M0W47)+N[*;]/L)6Z\SDM(2(I1<Z:DMVUZ:M+]='W26\D?J/H?C'2/$^HZM9Z
M9JNFZC=Z#="QU.&VN4FDTZX,4<PAF523'(8I8I-K8.R1&QA@3HU\)_\`!%SQ
M5H1\9_M(Z#I;^/KZ\3X@0:O?:EXE\(ZQH<VHW$^@Z1]HG<7]O%Y<LERLTGV;
M(:.-XB$6%HBWW942ARQ@_P":,7\W%-V]&VN^FNI*E=M=FU]ST_`****@8444
M4`>`?L;_`/)Q7[6/_95;'_U!_"E>_P!>`?L;_P#)Q7[6/_95;'_U!_"E>_T`
M%%%%`&=:^,=(OO%=[H,&JZ;-KFFVT-Y=Z<ERC7=K!,TBPRR1`[T21H9@K$`,
M8G`)VG&)\1_CUX&^#NM^'M,\7>-/"?A74O%UX-.T*TUC5[>QGUJZ+*H@MDE=
M6GE+.@V1AFRZC'(KYN_9(^!?A_X$_P#!4+X_6^A#5IIM?\$^$=7U2]U35+G4
M[W4+M[S7XS))-<.[X$<4:(BD1QI&B(J(H4>5_P#!2;^R?^%@_M;_`/"2?9/M
M/_#.ME_PC/VK'F>9]LUKS/LW??\`;?[+SM^;S/LO?93>G+?JFVNNB;:7?;?M
M[UM.4V5&]2<+VLX)-_W_`&:N_3GO;K:U];GZ`:WXQTCPUJ>DV.I:KINGWNO7
M+6>F6]S<I%+J,ZQ23-%"K$&1Q%%+(57)"1NV,*2.2@_:M^%MS\;I/AE%\2O`
M$GQ(B!+^%%\0VAUQ`(O.)-F)//'[H^9]S[GS=.:^</VF_@7I5K^V]^R3\0]3
M&L7?C:?Q7=:0\EYJEQ-;:?"?"NKO-';VI?[/`TDL2-(\<8>0QH&9E1`L'P`\
M8>/?V?\`XP:=/=>*/A?X_P#!OQS^*WB&P$/ABUNKK4-)F6/4)HYI]2-TT,IM
MH-+BLYK9;./RG!'G-Y162U3_`'G))_S+3:Z:45?LT[WMH]-O>.>4OW4:D5O&
M,K/=)^T<O6W)M>[O=:^Z_M2BBBLR@KP#X<_\I3?C)_V2KP'_`.G?QG7O]>`?
M#G_E*;\9/^R5>`__`$[^,Z`/?Z***`"LZY\8Z19^++/0)M5TV+7=0M9KZUTY
M[E%N[FWA:-)9DB)WM&C30JS`$*94!(+#.C7R%<_`OP_\.O\`@L_X.\56(U:Y
M\0>,OAIXI;4KS4-4N;UO*AU/03#;P)*[);6\?FRE8851-TCN07=F+I+FK1IO
M9J7_`)+"4E]_*-KW'+JK?BTOU/>OCC^UW\)_V8KK38/B5\4/AW\/)]861["/
MQ-XCL])>^6,J':(7$B%PI902N<;AGJ*J:M^VU\&-!TOPA?7_`,7/AA96/Q!.
M/"UQ/XIL8XO$AWJF+)FE`N?G=%_=%N74=2*Y/_@HSXGU6#]G^T\':#J-YH^N
M_%C7]/\``UMJ%G*8KG3X;V7%Y<1..5EBL4NY$8<AT4\8R/(_VK_@EX)O)-6^
M`?PG\#Z5+X^^(W@"T\&:O>-&9-+\`^#XC<V\-S-&Y,0V&:Y%M:1J'N9E);$4
M,DL40;DFTKOFY4MKM1YFO*R<'S:I)RD[*)4HQ35W96N_).2BGYW:DE'=M1BM
M977U%KW[2'P[\+?&#2OAYJGCWP7IOC_7(/M.F^&;K6[:'6-0BPY\R&T9Q-(F
M(I#N52/W;_W3CM*_+KXX:"GA'XP_$J%/[&?P-X>^,?PYL-;TG4I=WBGQ#J@C
MT*.RU"QO-H6U@3_1P;<PS-<"UO?+N+3>0OZBUJHITE4B[W=OERPDG]TU\K-V
M;<8YMR4DFK:)]];M-7\FNWW[A1114#/`/B-_RE-^#?\`V2KQY_Z=_!E%'Q&_
MY2F_!O\`[)5X\_\`3OX,HH`S?^"4W@[2+S_@F]^R[K\VE:;+KNG_``@\.V-K
MJ+VR-=VUO-I5B\L*2D;UC=H86900&,2$@E1CZ`UOP=I'B74])OM2TK3=0O=!
MN6O-,N+FV2673IVBDA:6%F!,;F*66,LN"4D=<X8@_#?[%/[37C[P%^QQ^QK\
M-?AUX#\(>+];\5_`S3/$,UQXC\7W/AZULH+#3]&@9%:#3KYI)':_0@%4`$;<
MDD"O<?AM_P`%`-#TNP\:6GQIE\$_!GQ!X`UF+1M5-[XN@GT.Y>:S2^@DM+ZX
MCM6E5K=\LLD$3HT<HVLJB1G!\T4UMK;IM+E=O^WK[>;\RI)IV?7Y[J^OR[^2
MZH]0TC]F_P"'?A_XR:C\1;#P%X+L?B#K$'V6_P#$]OHEM%K-[#A%\N6[5!,Z
M8CC&UG(Q&O\`=&->7X6^&)_!>K>&Y/#F@OX=U[[6=3TMM/B-EJ/VMW>Z\Z';
MLD\]Y96DW`^89'+9+'.-H_[2OPY\1_%W4?A[IOC[P5J/C_2;;[9>^&;;7+67
M6+.`JC"62T5S,B%98SN90,2(?XAG@_V,_P!OWP#^V/\`#2RU+3/$?@^T\5Q:
M7'JNN^%K;Q%;7^H^&XWY4W2+MDC4K@AI(T!#"H;3CRO:WRY=?PWOT!-WYEW7
MW]/G;;\#OO`G[-WPZ^%OASP_HWACP#X*\.:1X3NY;_1+'2]#M;.VT:YE25)9
MK:.-`L,CI-,K.@#,)I`20S9Z/PMX.TCP-IDECHFE:;HUE+<SWCV]C;);Q///
M*\T\I5``7DED>1VZL[LQ)))KP[XA?\%*?A;:?L_>(OB!\//&G@#XKZ?X6U#3
M+#4E\.^*K2[AL3>WL-JK330&41;5E:0!@-PC(R.6&I>?MW^"_$6M_"7_`(0'
M6?"_Q)\/?%/Q3=>%TUS0-?@O;+3Y+?2[Z_=P\/F)*P-EY9CWJ5\W<3\NUM$Y
M2DUUTO\`.UOOT(27+S=%=_\`@*;?S2N[;[]SVZBN0^'G[0?@'XN^+/$F@>$_
M''A#Q1KO@RY%GX@T[2=9MKV[T.<LZB*ZBB=G@?='(NV0*<QN,94XZ^IZ)]QO
M1M/=!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%>`?\$G?^467[
M-/\`V2KPO_Z:+6O?Z\`_X)._\HLOV:?^R5>%_P#TT6M`'O\`7+_&#X'>"OVA
M?!S>'?'_`(/\+>./#[S)<-IGB#2H-3LVE3.R0PSJR;ER<'&1GBNHKSC]K+]H
M)OV8O@=J/BV+19/$-[%=V.F6%A]J%I#/=WMY#9V_GW!5A;VXEG0RS;'\N,.P
M1R`C3*VB:OJOOOI^.Q4$V[(/AW^QW\(OA#X-O/#GA/X5_#CPOX>U"^@U2ZTO
M2/#5E965S=P.DD%P\,4:HTL;Q1,CD%E:-"""HQVVH^$=)UCQ!INK7FEZ==:K
MHPE&GWDULDEQ8^:H67RI"-T>]0`VTC<``<U\N)_P4:\8#19_#\OPMT>+XLP_
M$)?AR-*_X2YV\+M>-I@U5;G^V!8^:(#9G&TV/G?:"(?*P?-KV7]DS]HYOVE_
M@5;^+K_0G\*W]O?ZCI&JZ>UXM[!:7EA>36=SY-RJJMQ;^;;R&.;8A="I*(V4
M6Y/W'-O16=[]'&,D_3E<=>FB>NA+CRM1MO?\Y+\7&7K9M'?>&/!^D>";.XMM
M%TK3=(M[N[GOYXK*V2W2:YGD:6>=@@`:221V=W/S,S%B2236C7@/[(?[67CW
M]J+^RO$ES\*;?P[\+/&&F2ZQX8\1)XHBO+ZXMO-06QOK`P1&U:Y@<3QB"6Z"
MJ"LIB?:I]^IN+27,K>3T:MI9K=/39V?R!OWFO/\`X._7U05X!_P2=_Y19?LT
M_P#9*O"__IHM:]_KP#_@D[_RBR_9I_[)5X7_`/31:U('O]%%%`!1110`5BWW
MPV\.:IJFL7USH&B7-[XAL$TK5+B6QB>74K-/-V6T[%<RPKY\^(WRH\Z3`^=L
M[5>$?LX_MTV'[2W[2_Q*\`Z5X3\4:1IOP^TW2K^#6]9LI].'B#[;+?1L]M;3
MQI+]GC>R95G;"S$L4!C"22+EYKQWT;^6S_,J[C%SV2M^+27XV_/H>O:E\./#
MNL^&K#1;S0=%N]&TJ6UFLK":RBDMK22UD22V>.,KM1H9(XWC*@%&C4K@@$6-
M;\':1XEU/2;[4M*TW4+W0;EKS3+BYMDEETZ=HI(6EA9@3&YBEEC++@E)'7.&
M(/SY^U[^W]J?[-_C77=.\/\`@)/&FG_#SPQ%XW\>7;ZW_9TFB:-)<31![2(0
M2_;+OR[2]F\AVMTV6V/.#.BF_/\`MB^-/&G[0.N^&OAU\+[3QOX/\$:EIFD^
M*->D\4Q:;=P7%Y##<L+&T>!H[I;:UN;:>4RW-N2)"L2S.NTW%N;5NK?YV;?9
M7LN9V6VHI1Y$XM6LOPLG9=]))V6MFM-3Z%HHHJ1!1110`5X!^V1_R<5^R=_V
M56^_]0?Q77O]>`?MD?\`)Q7[)W_95;[_`-0?Q70![_1110`4444`%-FA2XA>
M.1%DCD!5E895@>H([BG5Q'QW\9^.O!WAJQ/P]\#Z?XYU^_O4MO)U/Q`NAZ;I
M\6UF>XN;D0W$P0!=BK!;3NSR("JIOD296M9]=/O_`*_S'%/ITU^[7_ANKV6I
MKZ-\)O"OAR#PY%IWAGP]81>#[8V6@I;Z=#$NB0&-8C%:A5'D(8U5"L>T;5`Q
M@`5G?"_]G?X?_!'6?$&I>"_`O@[PAJ/BRZ^W:Y=:)HMMI\VLW&YV\ZY>)%::
M3=)(=SDG+L<\FL']DS]I%/VF_@5;^,+G2$\.W,-_J.DZC:)>K?6L-U87DUG<
M-;W05!<6QE@=HYMB%XRI9(VRB^6_LV?\%'+GXT^+=,'B+P,/!WA/QSX3N_'/
M@75DU=M2N=<TBUFB29KNU6W0VEQY5U9SI#')<[H[@@NKHR5HV^=J^MFV_*SE
MOMJHMK751;5[`HMQT6SM:W6_+MOHW;RZZ'TAH?@[2/#&HZM>:9I6FZ==Z]="
M^U.:VMDADU&X$4<(FF90#)((HHH]S9.R-%SA0!HUXE^Q?^VA!^V6?B1-:^$/
M$OA"S\!^*F\-VZ:_:RV.H:G%]@L[Q+Q[25$EM1(MV-L4H\P(%9UC9C&GMM$H
MM*-^J37HTFO31K3IL3>[?J_S_'UZA1114C"BBB@#P#]C?_DXK]K'_LJMC_Z@
M_A2O?Z\`_8W_`.3BOVL?^RJV/_J#^%*]_H`***;-(8H794:1E!(1<!F]AD@9
M/N0*3=E<:1S_`(D^%'A[Q./$,L^D:9'J'BG2QHVIWZ64+75W:*)A'#([HWF1
MH;B8JD@9`97^7YFS@:K^RA\-?$UEX&BU[P+X2\3S_#181X6N]:TBWU"[T%XA
M$$EMI949H9?W,1WQE6S&ISE1CS_X,_M=>.?$'[1FG?#OXB_#'3/`>H>)_#][
MXGT(:?XL37KJ&TM;FW@DBU.)+:*.TN#]K@*B":[A9EG43GRU,F9^U[^W]J?[
M-_C77=.\/^`D\::?\//#$7C?QY=OK?\`9TFB:-)<31![2(02_;+OR[2]F\AV
MMTV6V/.#.BFHJSC*/VMG_A<E>_3E?-J[6U[C<92;5KN.CZ_%RJWG?W597OHC
MZ#UOP=I'B74])OM2TK3=0O=!N6O-,N+FV2673IVBDA:6%F!,;F*66,LN"4D=
M<X8@\UX9_9H^''@OXNZO\0=&^'_@C2?'NOQ&#5/$MEH5K;ZOJ49*$I-=(@FD
M4F.,D,Q!\M/[HQYU\4?V]M+\!_M7?"WX5:;X6\3:]/\`$6_FM+K7ULI[;1=$
M5=+NM0A'VIX_*N;B5;8@00L61"SR&/\`=K+AZK^UQ\7O"W[9/@SX6ZG\+/AQ
M<:?XRDU"^&HZ1\0[V[U#2=&M,!M2NK.31H8D#226T(B6Z8F6X`5G2.217"+Y
MXI;OF2^7Q+\'?R3>R9$VN6[U5E+OHV[/[T[=;M6W5_I>BBBI&%>`?#G_`)2F
M_&3_`+)5X#_]._C.O?Z\`^'/_*4WXR?]DJ\!_P#IW\9T`>_T444`%9USX.TB
M\\66>OS:5ILNNZ?:S6-KJ+VR-=VUO,T;RPI*1O6-VAA9E!`8Q(2"5&-&OEOP
M)_P41UOQ=^T#HNA7'PYM[+P#XJ\9:UX"T?78_$7G:U_:FEQW3S/=Z4;91;VD
MGV&Z\N5+F5]OV=GBC$WR.&L^6.]F_EHGK_V\E;=WLAR5H.;V6GX-_E%OY'M_
M@/\`9\\)?#[P9X<T*VT;3[RT\)7DNHZ0UW:0R/IUU(9M\\.$"POMN)T!B5<)
M*RC"DBN<^+O[!7P+_:!\9R^)/'OP7^$WC?Q%-$D$FJ:_X1T_4KUXT&$0S31,
MY51P`3@#I4/[37[0/BSX7^,/`WA+P!X0\/\`C/QAXXN+QH[76_$,^A6%C9VE
MOYL]U)<0V5X_#O;Q*HAY:X7Y@`:\Q_:A_P""AOB_]G'5-8M(?ACHOB!_A[X)
MMO'?CLGQ>UB+.SEEGB>'2/,LC_:<Z&TN3MF^Q(?]'7>'FVI$4I-1\]/6S;?W
M)W>W2_0I*6MNR^[F22^<FK+N[I'N=]^S!\--4^*.B>.;GX=^!;GQKX9M5L=(
M\02Z#:OJFE6ZJZK#;W)C\V*,+)(`J,``[#')SW-?,7[1W[8GQ<^"/Q5\%:1I
M/PJ^'GB?1?B+XBM-"\/[OB#?66O7"21>?=7,M@=&>&)+6".XFDS=GY(0`?,D
M2,_3M::N/-TNU\]&]-^J?F_-,R4HW279->FJ6O;1A1114E'@'Q&_Y2F_!O\`
M[)5X\_\`3OX,HH^(W_*4WX-_]DJ\>?\`IW\&44`?,W['?[&T_P"TE\$/V'O$
M&JIXOM/!?AK]GB"PO-1\.>,]0\,W4-]<VGAU[>%I-/NK>ZDC>.WN6*Y:+,:E
M@&\NO</''[`^E>!?B1\!_P#A`O#=Y=:-X8^)%UXP\4ZAJ>N3ZIJ,KOH&I6<=
MY<W=]/)=W<@EDLX5+/(Z(L:@"./Y>I_X)._\HLOV:?\`LE7A?_TT6M>_U5.7
M)&,8]+_.\W/7TD]/1=5<J<N;F4NJ:]+Q<-/.S?WOIH?"/PN_9:^)6E?%[P)X
M3O?AY+I^E_#WXN>)?B1<?$%M3T]['6K/41J[106\23F]^V.-4AAF6:VCA5;:
M8I*^(=WEWPV_9'^.*?`OX?>&X?@)X?T+7?@SX&\66:CQ)JVE7NA^-[[5+<QQ
M:?Y-K.[26\[GS;H7:P)YL2!6E&9:_3^BL733AR/:UO\`R7EOY-*VBM'RU=[]
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M%%%%0,****`"BBB@`HHHH`****`"BBB@`HHHH`****`"O`/^"3O_`"BR_9I_
M[)5X7_\`31:U[_7@'_!)W_E%E^S3_P!DJ\+_`/IHM:`/?Z^9O^"N6N7VD?L4
MZO%IVE>.?$-Q>ZKIHET/PIH>J:K?>(K2&[CNKS3"-/AED@CN[2WN+8RRA(,S
MJDCJ).?IFBIE&]O5/[G?9Z/T=T]FK%0FXNZ_K^O+7L?C-'\6[1OA!=E?V<_V
MCK;X4GXJ1>(H_@,OPA\18E\.C2!9/9F$6G]D*AU,G4_L`N3;-MR2)6*CZ+_8
MB_;6TOX8?LKZ5X&\6_#C]IC26UZZUV6WLT^#WB_48O`FEW%W<3:?I<LIT_,A
M@M98;=5MA-%&8=BL(E1S^AU%.HE.G*E-74DD_114?O:6[UU=FD[`IM2A*.CB
M[K;O)_\`MS];*]VDS\H_^"3-IIO@[]J[X8^&]#^"/Q?^%]WX-\#7OA7Q7XSU
M?X=Z]I.F?%.[B6U%G<M<SVP)2.*TN)$DU0P2Q&=+:%7#D#]7***TG4E)+F=V
MKZ][MR>BT6K>B27E>YE"G&-^566GX))>;T75M_*R17@'_!)W_E%E^S3_`-DJ
M\+_^FBUKW^O`/^"3O_*++]FG_LE7A?\`]-%K4%GO]%%%`!1110!G^+/$UMX+
M\*ZGK-Y%J$UGI-I+>3QV%A/?W;I&A=EBMX$>:>0@$+'$C2.<*JLQ`/P[X9_;
M?\/^$?VZOBQ\0'^'_P"T3>^'=9\">'--TMK?X)>+_.U&\LKK6Y9[=$?35V,%
MN[?#2[(R91\_ROM^\J*+OIH5S>ZX/9V_"2E^<5\K^I^4'[</[6-_XU\;?$R7
MP3\&OVC?$-G^T1\+;3X?WEQ)\'_$]J/`EW'-?J;F^62Q4S6X@U>9S]C^T2;[
M(J$(D5AQ/Q:OO"^D_M#Z[/X?^!W[0?B/7_%/CK0/%?A[XJ+\'/%=N_P^M+:+
M38-0MF62Q6\1Y8=/F&RRA>*Z6[2.=D5&(_96BJIR<)QG'=/[US<Z7=)-*S5I
M65N;<FLW5BXSUT_'D4&^S;BDFG>/EJPHHHJ0"BBB@`KP#]LC_DXK]D[_`+*K
M??\`J#^*Z]_KP#]LC_DXK]D[_LJM]_Z@_BN@#W^BBB@`HHHH`*^=/^"C7[5U
MK^S1\.M)L]2^"GQ!^.VA>,I+C3M;\.^$_"5YXBN6L/)VR%H$MGLW5GDB1HKN
MXM@\;3-&96B:)OHNBIE&ZLRHRL[K^O/Y;H_/_P#8C_;0\,_`K]G31?!&K_#G
M]I;3[+5[_6[NTL8O@GXLEA\"Z9<7D]Q8:3*18,#]GMYH[95M?.AC,)16\I4=
MO)/V#/VF[KPG\2/A%I_C?X3_`+0WA/1OV=?AYJ'@*VU>3X.^*[N'QK//<6$4
M=Y9QP:?)+%;BUTM)6%TD$H>[5`C"-FK]6Z*U51JHZBZ__(RBO.Z4Y:WU;N[N
MUIN^5Q75W^]W=NB3M:UM%HK'R-_P3M^,-IXV_:-_:(1/#/Q0T./Q=XQC\3:1
M<^)/AYKWAZTOK&/1-&L6=9[^SAB$GVB&51"6$I$;.$*`M7US114W]V,?Y8QC
M\HQ45\[+7S')W;EW;?WNX4444A!1110!X!^QO_R<5^UC_P!E5L?_`%!_"E>_
MUX!^QO\`\G%?M8_]E5L?_4'\*5[_`$`%9GC?Q1'X(\&:OK4MO>746D64UZ\-
MI9W%Y<3".-G*1P6\<D\KD+@1Q1R2,2`J,Q"G3HI-75AIV9^8'PH_;XT2\_:T
MO/C3JO[.G[1?P7NM+\':A9>-T'P?UZ=/B%?%K-K.2*XMK+_2([2.TNECN=22
MTD5+Q`$C5IECYS]MC]KJ[^(7BWXD7?@/X/?M%>)]-_:.^%=GX"N;L_"#Q-;I
MX'N4FOE^UWH>Q4S6WV?5Y7/V+[0^^R*A2)5>OUBHJDU:,;>[%6MTL^:Z?75R
MZ-6LK:7+C5G%N479NSOI>\7%Q?R<%O>^ST21\%_M`?M=>&/$GQ6_9ONM#\'?
MM!:AI/PZ\73W^LW#?!#QG&;2T/A[5;))2K:6"Y,]Q`FV,,PWYQM#$;W[.O[5
M^@^*_P!O/XF>)=4\(?'&Q7Q0-`\(>$KK4?@_XLM+1[*&-YI)7FETY8K2(WM]
M.KR7#1`"W#L1&JM7VM13E-RES/?5_-Z-_==>C9BHI1C!+114;>49.2];-_@G
MNKA1114E!7@'PY_Y2F_&3_LE7@/_`-._C.O?Z\`^'/\`RE-^,G_9*O`?_IW\
M9T`>_P!%%%`!7Y#?"3XW'PU^V_H^N3?!O]H[3]:TWQ]K^O\`B3XM2?";Q8R^
M,?#5U#>?V?H7E)8-?2+`US8H+:X@2U@_LOS(G+%`WZ\T4X/EJ*HMTFOOL_7I
MM>S5TTQR?-3=)[/_`":_]N?HTFK-(_,K]K/]NWX-_M(S^`/&6O?L;?M`?'W3
M;?3-3M+>SG^$&M7L^A2336Q#-97MJFF3Q2_9E;[0ES)/"8XU6,B20IX%\?O&
M.O3^`?#^C:K\+OVCOC9XPB^$^F>$O"_BN/X6>+[1/AAXKMWF$VO"2[L(KB-I
M/.M9/MEE'+=D:;L*8=0?VRHI4_<22[W_`/2NUK?$W=6=[7?>U5E^"7?9I]?-
M:K9IM-6/@^T_;+T#6?VZ-"\6:UX2_:!N?#7@KX?/I6F:@WP0\9E+C5;Z\0WK
M"(:7O5E@L;;YV4+BX958G>!]X444[^ZH]K_C)R?XR:79670QC!1V\E]T5'\;
M7?=MOJ%%%%(H\`^(W_*4WX-_]DJ\>?\`IW\&44?$;_E*;\&_^R5>//\`T[^#
M**`/CWXA^,/B/\!O^#>?X+?%7X<?%GQCX!UCP;\'_!PBTW3],T2]T[4'FMM.
MA,DXOK"XFW!)6`$4L:\`D'G/U;XN_:<A_8ENO`WPYUC5_BS^T'\4/B/->W>A
M:9#8:%%K-Q:VT227,KR1QZ9IT%M`&0;IF1W:8*ID/"^9_!;]E#_AN'_@W]^"
M_P`+?[?_`.$7_P"$J^$W@Y/[3^P_;?LOE66GW&?*\R/?GRMOWQC=GG&#ZY^U
M!^Q'J_Q;^/?PV^+?@/QM9^!OB5\-;/4-(M[C5-".MZ/JVG7R1B>VNK1+BUE)
M62&*2-X[F/8RMN$@;`B"<=.C;OU=N6ZM?^]9/KRWMT')7UZI.W17TM>WE>W1
MRM=I:KQ_3O\`@L_:_%+]I3]GOP=\._AUXE\1:)\7VUN/7+FYDL[/4O"MSI7[
MJ\L9K66YCVSVL[*TY#.#&G^CK<F12N5\9O\`@N/X.CU+QE\-]/T/Q[\//B=<
M^#O$>L^%)/$=KI<4\\NG6,MPDLNFB[EU"R\R-//A74;*W$L:$X/W3H_#_P#X
M(NR?![Q%\'?$OA;XF^3XR^'VI>)=5\2:KJ7A]KF/Q5/XA*-J<D,,-W"+!PRG
M[/AIEB&W>LY!9O+_``5_P;R:UX7\-?#?P_-\9_#1\/\`PGTCQ+HNA0:?\-HK
M&YO8]<T^XLKFZU"87[?:;T![9O/180XMW#(6E+I&(A*5"4%I+EGJG]IJ5N5Z
M-*+Y.5O5KFYE>S-L/*$:W/+6*EHM]$]+]&Y?:6W:WPG9?M&?MN_$KP/_`,&]
M?A/XX6?C/^Q/B3JGA#PAJ=]XE^P6)\J:_N=.2\G\F6%K5=R7$W!BV+NR`,#&
MG^QS^UUK'BO_`(*&:KX*\)?'MOVEO@Q;_#[^WM9\3O\`V#=0^#]76^:.*V-]
MHUI;6Q-Q;^8_D2AI5%OO!"L0?2_B7_P3/_X6)_P2N\-?LS?\)M]C_P"$=T3P
M]H__``DG]C^9]H_LF>SF\S[+YXV^;]DQM\X[/,SE]N#J:9_P3N@\'_MZ^+_C
M#X;\4+H_A?XH^'/[&\>^"3IC2V?B2\C!2#5%F$ZB"Y6(^4Q\IQ(A;.UCN';B
MYKZQ5G02LY5''M9PM"ZZ1YKVM9J5F_=;:X\/%_584ZM^9<E^_P`4>:S[V3O=
MV:;MKH_-]5_X+V_![PI\.;3QUXB\-?$[PU\./$6G:OJ7A'Q;?:5:MIOC9--5
MWECLTBN9+F&26.-Y(5OH+7S41B#P17>V'_!5CP98_LE>*/C#XK\$?%+P#H7A
MNXM;6#3]=T:`WWB-[M(#8_V8]K//:WB7+W,44<D4Y0.6$C1A68?/?P=_X-Y]
M+^"&A6^A^'_%GPLTC3/#NFZK8Z!K5K\$?#]SXNE:Z#I;OJVIWPNDOE@BD>-A
M!;6;3@_.^W*ML>'?^#?SPK)^R7\9OAMKWB3PY%=_%W6]-\1*WA7P7#H7AS0+
MW3HH%M7@T9KBXB*220%[E/-59UE=`(OE(QTO):VM&W?X_>\N;DUO;ENEHVVE
MLT^:&V[OO;9V\^7FMWE9MZ62?H'Q#_X+8>!_A+J#:!XE^&7QBTCXC+XJTCPE
M_P`(.]EI4VLO/JUO/-I]RDL5^UC);3&VFC\Q+IC'(C+(L>"1T6I_\%;O`WAG
MPMXUGUWP?\0]!\5>`_%NA^"K_P`(75OITNMW&HZPMJUBMN(;R2VEC<77WQ/C
M_1YR,A06\FT+_@A99VOB#PMK<GB#X3>%]5\,_$;0?'"VWP_^$&G^$]+DMM+A
MG46(2*XDNVDFDN'D>:XNYT3:HC@C^8O[/\5?^":FF?$__@H=X+^.S>)YK"Q\
M-P13:IX5334>WU_4[6&\@T[49)RX9)+:+4+I0`C;\QY(\M:NFHWCS]9:^44H
M.Z\Y-3A;6TFGI%7<5+V?)TC=><VY*S[)>[+T35W)F+KO_!97X8>&O%&I27N@
M?$"'X<Z1XQE\`77Q'%A:OX:BUN-2'M2%N#?[1.#;_:/L?V<S842D$,>Q_8,_
MX*+Z!_P4%\/SZUX9\!?$_P`,>'I=/MM5TG6?$6E6\6F>(;69Y4#VES;7$\1=
M&A(D@D:.>/<N^-<\?/F@_P#!`OPSX-^.6KZ[HFJ_#&R\-ZOXVN/''GWGPCT?
M6/&UC-.3,UE;ZW?&>%+1;L^;'FP:>-!Y:S`_O*]!_P""=_\`P2<7]AWX]>+?
MB+J'BKPGK>O>*/#]GX=EC\*^!;?P;8W:P7$T[7U[:VT\D$]_(TJJTT4<"!4(
M$8W'&>'UC'VNCY5?R?+=KS]_2]TE'I)^\/$*TI>RU5]/-<UNNUH:M6=Y;.*]
MT^QJ***!A1110`4444`%%%%`!1110`4444`%>`?\$G?^467[-/\`V2KPO_Z:
M+6O?Z\`_X)._\HLOV:?^R5>%_P#TT6M`'O\`7PQ^T=^UM\??`7_!83X`_#A+
M#PQX7^!?CG4=8T_S4G2^UGQ?):Z$UZTSJT9%E;13NL:JCB9WMI&8^4Z*?N>O
M$/VA/V-?^%\?M9_`?XH_\))_97_"DK[6+W^S/[/\_P#MG^T-/:SV^;YB^3Y>
M[?G9)NQC"]:<-*D9/;6_;;?Y=.GEM:FU[.I'JXR2];.UNVMM?R/G7PO^VY\=
M](_X+$>+/`7Q$T_PUX5^$>F?"_6_%OA_0M-G34+_`%".RU:&UBU&\N/*!CDF
MB$DB6\3%8XYT63=*IQG_`/!'[]NSQ#^V3XAT#Q#XG^-\VIZSXX\(2>)I_AI>
M>!1I=EI8>\(CFT;5##"U[;V\96WG!DO2)N6EA/[NOI/Q#^Q+#XE_X*%6?QVN
M/$"O;V_PYNOA]+X>.GY$ZSW\=V;G[3YO&!'Y?E^4<[MV\8P?'_V?/^"2&M_`
M'Q1HFH6GQ:$R?##P5JW@7X7"#PM'#+X7M+Z99!<7[/<2)J5Q"(;5%*QVL;+`
MVZ-FD+",/)PA#VBNU&?K?FK-7OHW).DE?2*O9PL/$)3G/V;LFX][6M2O:VJ4
M;5+]9:74[A_P5W^('QL_9Q\"/\4?A[\5X_#^FZ*^FV.G^$9/"UDVD:E>2:A$
M;BXUS5[H/]CT[[()4,BM9")B";AW:.,_:-A=+?6,$Z20RK-&KAXFWQN",Y4]
MP>Q]*^2OVB_V`?C-^TG\'G^'VN_M&0W7A#Q7X.MO"GCFWN?A]9FYU>486]U'
M3IH)X?L$]U'O4I,MY#%N!2,8Y^J_"WAJR\%^&--T;381;:=I-K%9VL0.1%%&
M@1%_!0!6D4HPE!N]I.W>VJ=V];:)QUT4FFHVL\I-N49)6TU];1MY::I^:;O*
M]R_7@'_!)W_E%E^S3_V2KPO_`.FBUKW^O`/^"3O_`"BR_9I_[)5X7_\`31:U
M)1[_`$444`%%%%`".2$)4;B!P.F:^&O^"9G[6OQ\^.7[=G[2'@OXW6/ACPQ'
MX)T_PO?Z%X4T2=+Z/PY'J$%Y,\4U[Y:-<W.U(EE8$PAXSY0"G+?<U?//A?\`
M8<U7P'^U%^T)\5-"\>_V;K?QNT/1]+T]?[$2;_A%KC3K2Y@CNLO*4NLO.LGE
MLD8'E[26#9$J7*Y2M?W7IY]+;*[VN]%Y7=[:4J<H7LVXV?\`V\K[=.6[?>UM
M=G\U_P#!2S]NOXK?#GX[?&:S^'7C%O"FF_LX?"NS^(]WIW]EV=W!XONYKV9F
MLKQIX))4MOLEG(@-K)!*'N=WF'8`//OBG_P4G^-FL?MRPV'A7QQ::=H\_BSP
M18:'X673]-F\,WVBZO:&:];5]5DB,UCJNYF^SVANH)IO*@\FUN1-N/OW[0?_
M``2(\0?M"@W6I?&*2/6_'7@"P^'/Q5U-O#"&7QI86UP)WN+*..YCATNZE\R\
M0MLN8U2ZP(LH&:/QU_P1BB\1_&#Q/+I7Q$&B?"CQWXNT#QSXA\*#P^)]2EU+
M1UB$"6NI&X"V]K*UK:-)&]K*_P"Y<)+&)/ETPL>2<%4=TI;^E9MMW5W%T^5)
M/9*4>6+ES++$-SC)TU9N+T\W2BDO)JHI.^FZES-+E?W#1114E!1110`5X!^V
M1_R<5^R=_P!E5OO_`%!_%=>_UX!^V1_R<5^R=_V56^_]0?Q70![_`$444`%%
M%%`!7F7[4?@KQ?XS\(Z>?#7Q9E^#VEZ3=-J'B'6;71K&_OI;".)RT4,M\LEK
M:_-M=Y9;>?Y$(`0G>/3:^<_^"FW[%'BS]OSX!67P^\/_`!'L_AYH]QJ]O>^(
MH[GP_+J\/B:QA;>=,F6.\M72VE<+YNR0,Z+LR`S9SJJ32Y-[KT6JU>JNENUU
M5UK>Q=-J[YNS_)Z+LWLGT>O0R?\`@DG^T)XZ_:Z_8*TCQ?XUU&YNK_5;[5+3
M1O$8TZ+3[KQ!I<5W-#8ZLUMY8BBEGA5)=JQB-LA@@1@H^9=7_;&^+7[/?Q%_
M:S\96GQ=\8_$[X7_`+,/@][(V7BS2=!1=?\`%DELMWL6;3-.LY$M[6-H8Y$+
M%FDG;E0@S]J^#?@O\7M)U+X;/J/Q3\'V>D^$9[Q?$&B>&/``TO3?$UF]MY5E
M;1K<7MW-8_9I,2;HI2)-H0JBUPWP9_X)B:%X'_9:^-OPK\5>(;CQ9IGQT\2>
M)->UR^@LAI]Q&FL.VZ)<O*"\,955D.`Q0-L'(HQ2;]HZ7_/N2CW<O=C&_1-I
MSE=))22:M9(*$HIP]HM'--^4;RDTGN[.,(];PD^M[8'_``2N_:!U/XT_\)/#
MK/QZU#XL:K:Z;I%[>:'K/@5?#&H^&Y[BV,DDL#"WM?MFF7#9:VF\B0;8SBYG
MR2/K^OFK]B_]@K7/V=?B[XC^(?CCX@6GQ`\:ZYX;TCP?%/IWA[^P;"UTO35D
M,(,!N+EGN7DGFDDE\U4.Y52*,+@_2M=>(<'-NGMK]UW;SVLW>]GI=VN^:A&:
MC:IJ]->[LK_C?M=:V5[!1116!L%%%%`'@'[&_P#R<5^UC_V56Q_]0?PI7O\`
M7@'[&_\`R<5^UC_V56Q_]0?PI7O]`!06"@DD`#J:*SO&'A.Q\>^$M4T+5(YI
MM,UJTEL;N.*>2W=X94*.%DC970E6(#(P8=00<&HJ.7*^3?I?:_F5!*ZYMCX1
M_8E_X*(>/OVK?^"NOQ'\+IJEBWP*C^'Z:YX(M;>&!VU/RM6?3Y-4:<1^:5GE
MAN/*42-&8!"X4,Y-8G_!2S]NOXK?#GX[?&:S^'7C%O"FF_LX?"NS^(]WIW]E
MV=W!XONYKV9FLKQIX))4MOLEG(@-K)!*'N=WF'8`.X\%?\$;M%_91_:!\1_%
M7X0^*?&^D3V'PLD\#>%/#4NM:CK8TFXC,KV\L;ZEJ+0S0H&1(K*=5MHV0.&0
MDL*OQ8_X)*>,OVEO"VG:EXK^*D6C^,?B!\-M+^'OQBF@T);P>*;>WE2>9[`I
M-!%87#O)>Q>:89X_+N1B%2@);B^6E&F[.',FY=7+VW))I74K/V;DDFE>*4;+
ME1%I5*DIKW9.+2711]CSI;-7]])[MJ3;UYG6_:6^/OQD^&?QP^!OC[0_BQ;O
MX%^+OBS0["/P9?\`ABRTWP[I>B7%HYO)+S6)@TS:D\LL#6L:7$!E=1$EK/\`
MO&%OXD?%CXR_LY_\%$_@EX)D^,-Q\4+GXNZYK5QK7@I?"VGZ=I?ACPW!;O)'
M?0R11O>Q/!+Y$/F75W*ER\KA4C(`7N?C]_P3F\9?M%^*+7P]X@^+UO=?`NV\
M0:+X@B\%R>#X!J=G_9;QS16,&J13Q@6DEQ#$[B:UFFVAD690V14_9I_X)^?%
M7X!_MB?$7XKZI\7?`?C:7XG:NL^IC4?AY=1ZQIVDQ`BUT>QO5U@Q6]M"#D9M
M7+N7=PS,"-H.'M$TK1YI/77W;0Y8O?=IW>LDE.TDYJV#C/V5I.\N6*=M/>O4
MO)>B:TT3?+=6BSZ\HHHK,U"O`/AS_P`I3?C)_P!DJ\!_^G?QG7O]>`?#G_E*
M;\9/^R5>`_\`T[^,Z`/?Z***`.%_:4\2>/\`PI\%M:O/A=X:T3Q9X\/DV^DV
M&L:D=/TY9)9HXFN+B559_)@1WG=(P9)%A*)\[+7YU_LY_P#!13XT_&S]@7]E
MJWUSQP-)^*/Q]^)VJ>%-9\4Z1I5B)-+L;&\U227['#/;R6P?R;**!&F@D^5R
MS!G^<?J:Z[T(SC(Q7Q1\//\`@CW)\+/V/OA3X!T?XBP_\)Q\%O&MWXX\,>*+
MG0'>Q^U7-Y>3207.GI=HTT+6]]-`0MS&Q.UPR\H8BK2]Y77-3;[\JFN9+5;Q
MO?J]K[(NH[T7&.DO>M\Z<TF_27*U]]M-/0O^"67[37BK]J;]DNZO?%FH6>H^
M-?!OB77/!.IZJEFL,6J7&F7TUHEXT*;45I8TCD=(]B;W<*$7"KY#\'OC5^T#
M\%?VV_B!\,]=\<P_'F?3?AG+XJLM.U;2=.\$R:AX@%W*8;#15"!Y=.:WD@BF
MN97O4MY5C#W`=GB'??!3]BCXC?LH6OP:\%^!/']])X6M=1\1:Y\4-3DTFP5_
M$U[J$<TXGC$OFR6SC4+CS8HHU=!%&RRRMM43:GP+_8(\;Z+^T]X;^*OQ>^+5
ME\5O$7@+PY?>&O#,MIX0B\/2117L\<MS=7OEW$L=Q<LD$$0,$=M$JB0^42^5
MUCK4BY/[+4GT<N22NE;2\]5HK:7T3B0W:,K*]Y)I:Z+VB=F[_P`BL]7=-I.[
MN?+/PO\`V[?VKO%G_!/#]K;5+JTM_%7[0/@7XEWG@;PGIO@?11?VFD2-'IT<
M8MTD@S-#;M<S3-+=J?E5BY"``?6G_!-;X\/\7?!_C;1=9\6_%37_`!UX#U[^
MQ_$^E_$&PT"SU?P_<_9XI$B4:)#'9R6\D;+-'(KS$B0@R<;5I?"W_@G[XL^!
M'@KXZP>!_BY-X;\4_%_XAW?Q`L-97PS;W<>@O.EJILI;:>1UNHB+8J[JT#E9
M3L,3*'KKOV+_`-C:X_9AUCXE>*?$/B:U\8?$'XN>(1X@\2:I8Z4VD:?NCMX[
M6VM[6S:>X:&**")!EYI7=V=B^"JJ49>ZN=6_=P3_`,:C332WZ^TYI/63MJUN
MJZUM!WM4F_6#<[7VVM#E26EWITC[G1114C/`/B-_RE-^#?\`V2KQY_Z=_!E%
M'Q&_Y2F_!O\`[)5X\_\`3OX,HH`\/_X)E?\`!,K]FWQ[_P`$V_V?-=UW]GOX
M'ZUK>M?#7PY?ZAJ%_P"!=+N;N_N)=+MGEFEE>`O)([LS,[$EB22237N'_#IW
M]EC_`*-I_9__`/#>:1_\CU^?FFV2>'OA+_P3^^(X!%S\&/V=D\;[PQ4K:6\/
MA:+41P>2=-GO5`Z$D9K9^//[5,_PA_X*'ZE^T+IMM_;-QXC\.Z[\//"96PNM
M22&TM?$7AK2(YFM+4&XND74[O4[CR;<"6>,QHA#,K!T%[3V?1SY__).9+717
MG*-DFTU9O51-9TFGY>[KYO5KJ_=CK?;5+1M'W5_PZ=_98_Z-I_9__P##>:1_
M\CT?\.G?V6/^C:?V?_\`PWFD?_(]>,V?_!0CXGS?LYZA>ZBNB>%O%-GXVC\-
M6&O:[\*?%MFOBNR>U6[-SI?A5L:O=7"`O`T"S[%^S7%SYQCC,=<]H_\`P4B^
M-GC;]EOPAXPLM(T?2#)KWB?1/$WB>+X5^)?$-O:2:7?2VUFI\/6T\>K60NTC
MDD>29I%M&@,<@+2H0I-13DWHK?<TG?RTDM':3;LDWH3&$I.*2^*Z7JN;3_R6
M6NVFK5T?0_\`PZ=_98_Z-I_9_P#_``WFD?\`R/1_PZ=_98_Z-I_9_P#_``WF
MD?\`R/7EWC[_`(*2>*M'^%WQF\1Z+!X!U:+P#\$]&^)>BW-C)<W^G:A>WL6K
M.Z^=NA:>S_T"$QD)#(5=R2"P"9GQ:_X*)_$OX:Q_'7Q"]GX2?PM\.?$^C>!-
M!LK;PWJ.I:G<ZEJD&C/'?3"WN3)/#`VIL39V]MYUP%14E1OO:5*4H5'2DM5_
M\DHV^<FDO76RNU,5S*+7VMO_``&,_P`(R3^]*[/9/^'3O[+'_1M/[/\`_P"&
M\TC_`.1Z/^'3O[+'_1M/[/\`_P"&\TC_`.1Z\8\$_M^?&/XA:)X9\&VFC:7H
M?C[Q7X]G\+:9XN\3?#?Q!X?T/4-.@TJ359-0CT2_G@O@X6-K,1-=[#+&\HE*
M#RZ](_X)+KK"?LW>+%\0OIDFO+\3O&@U%].1TM)+@>(;[S&B5R76,MDJK%B`
M0"S$9*5-W=^BNO-/EZ;K22WLT]+7O:9-**EWDEZ:3Z_]N/3L[WVOO_\`#IW]
MEC_HVG]G_P#\-YI'_P`CT?\`#IW]EC_HVG]G_P#\-YI'_P`CU[_14#/`/^'3
MO[+'_1M/[/\`_P"&\TC_`.1Z/^'3O[+'_1M/[/\`_P"&\TC_`.1Z]_HH`\`_
MX=._LL?]&T_L_P#_`(;S2/\`Y'H_X=._LL?]&T_L_P#_`(;S2/\`Y'KW^B@#
MP#_AT[^RQ_T;3^S_`/\`AO-(_P#D>C_AT[^RQ_T;3^S_`/\`AO-(_P#D>O?Z
M*`/`/^'3O[+'_1M/[/\`_P"&\TC_`.1Z/^'3O[+'_1M/[/\`_P"&\TC_`.1Z
M]_HH`\`_X=._LL?]&T_L_P#_`(;S2/\`Y'H_X=._LL?]&T_L_P#_`(;S2/\`
MY'KW^B@#P#_AT[^RQ_T;3^S_`/\`AO-(_P#D>C_AT[^RQ_T;3^S_`/\`AO-(
M_P#D>O?Z*`/`/^'3O[+'_1M/[/\`_P"&\TC_`.1Z/^'3O[+'_1M/[/\`_P"&
M\TC_`.1Z]_HH`\`_X=._LL?]&T_L_P#_`(;S2/\`Y'KP_P#X)E?\$ROV;?'O
M_!-O]GS7==_9[^!^M:WK7PU\.7^H:A?^!=+N;N_N)=+MGEFEE>`O)([LS,[$
MEB22237W?7@'_!)W_E%E^S3_`-DJ\+_^FBUH`/\`AT[^RQ_T;3^S_P#^&\TC
M_P"1Z/\`AT[^RQ_T;3^S_P#^&\TC_P"1Z]_KRW]L_P`'^"/&W[-_B.V^)?B&
M7PU\/+-8=1\1W/VQ+2WN;&WF2>6UN793FUG6/RIHQ@RQ2/'GYSF92LK_`-+S
M^6Y4(\S2_+5^B\WT.2_X=._LL?\`1M/[/_\`X;S2/_D>C_AT[^RQ_P!&T_L_
M_P#AO-(_^1Z^9]$_9^^'GPX_8:^-?Q"\5_`;P:?AE=:I+XM^&_PM\3^%;>2'
M0W6PALX&&GSH8M/FO[H/+Y$:1M&MV/,"RO,J_4?[&'[*FD_\$^_V*]*\$^'K
M'31>:'87&IZDUC9QVD&HZI-NN+J9(8@$C1YV8)&@"QQA(U`5%`5:HJ5.=2I=
M<L8NW75-M>L;-/Y:*[25.+J2A&FT^9M;Z63LG?SNK='[S3:5W4_X=._LL?\`
M1M/[/_\`X;S2/_D>C_AT[^RQ_P!&T_L__P#AO-(_^1Z^6O\`@D7::7X.\1_!
MW6_$?PBTOP[X[^-'P\N/$4?Q!L/$[7VJ^,YF^Q7>H-KENL<:>:TMRDML3+>"
M*+>BM;9,3?I)715I.F^66ZNGY--I]GTZI/RM9O.%12NX[:6?=-)K\^C?:][I
M>`?\.G?V6/\`HVG]G_\`\-YI'_R/7A__``3*_P""97[-OCW_`()M_L^:[KO[
M/?P/UK6]:^&OAR_U#4+_`,"Z7<W=_<2Z7;/+-+*\!>21W9F9V)+$DDDFON^O
M`/\`@D[_`,HLOV:?^R5>%_\`TT6M9%A_PZ=_98_Z-I_9_P#_``WFD?\`R/1_
MPZ=_98_Z-I_9_P#_``WFD?\`R/7O]%`'@'_#IW]EC_HVG]G_`/\`#>:1_P#(
M]'_#IW]EC_HVG]G_`/\`#>:1_P#(]>_T4`>`?\.G?V6/^C:?V?\`_P`-YI'_
M`,CT?\.G?V6/^C:?V?\`_P`-YI'_`,CU[_7R%^R1\+;_`.%W_!4+X_+JOC+Q
M1XWU+6O!/A'4I[W67@`MMUYKZ+;6T,$<<4%O&D:A45=Q)9W>21WD9Q5W;R?_
M``WY_<.2M3E4[<OXR4?PO_6Z[[_AT[^RQ_T;3^S_`/\`AO-(_P#D>C_AT[^R
MQ_T;3^S_`/\`AO-(_P#D>O+?^"R_[,VA>*?V:_&GQ-B\!>&?$_B_PIX=N&7Q
M#JVH3?VGX%L+>.6YFU/0HBK1IJD1`D3RY+,RO%#YER!%&HQ/^"@7[/?AOPOX
MC^''QBTKPAHDNJWWC3PK_;GQ(FOI9O&.A6[ZC8VMO;:;'(FU+2Y,IAN88[B"
M)8KFY?[/<O*ZLZ,>>4(O2\E%^7,[)].FO3563;O8J1<5=:WC)KS<4KK[W96N
M]FTKI'MO_#IW]EC_`*-I_9__`/#>:1_\CT?\.G?V6/\`HVG]G_\`\-YI'_R/
M7O\`14B/`/\`AT[^RQ_T;3^S_P#^&\TC_P"1Z/\`AT[^RQ_T;3^S_P#^&\TC
M_P"1Z]_HH`\`_P"'3O[+'_1M/[/_`/X;S2/_`)'KP_\`:O\`^"97[-OASX\_
MLR6>G?L]_`^PL]?^)5Y8:G!;^!=+BCU&W7P=XEN%AF58`)(Q/!!*$;($D,;8
MW(I'W?7@'[9'_)Q7[)W_`&56^_\`4'\5T`'_``Z=_98_Z-I_9_\`_#>:1_\`
M(]'_``Z=_98_Z-I_9_\`_#>:1_\`(]>_T4`>`?\`#IW]EC_HVG]G_P#\-YI'
M_P`CT?\`#IW]EC_HVG]G_P#\-YI'_P`CU[_10!X!_P`.G?V6/^C:?V?_`/PW
MFD?_`"/1_P`.G?V6/^C:?V?_`/PWFD?_`"/7O]>?_M/_``PU#XP_!;6=`L/&
M/B;P,M[`XN]1\/M!%J+V_EMO@BFECD\@N"`98U$J#)C>-]KKCB*OLJ<JEKV5
M_P"OZ?DF:4H<\U%]?Z_K9=VC@/\`AT[^RQ_T;3^S_P#^&\TC_P"1Z/\`AT[^
MRQ_T;3^S_P#^&\TC_P"1Z9_P2WMY)/\`@EW\`HH)3#*WPWT-(Y#\Q0_V="`W
M/7!YYK\]]4T?XA_L"^`M0TK2?`%Y\,_'L/P+\<7GC/Q-;:K:7<_Q"UO3X[!X
M_$F^WDDFE*SW$[QSWODW0-ZR&((IKKQ%)T\14PZ=^7FL]K\JD_.WPZ]KIV:3
M:,-2=;D2T<G%>EVEZ]>UN[6A^A?_``Z=_98_Z-I_9_\`_#>:1_\`(]'_``Z=
M_98_Z-I_9_\`_#>:1_\`(]>?_L0?"'PO^S'^VS\1/A_\.M*LM`\#W/P]\*^)
M9].L0!;-JDUQJUI+>L!P;BX@L[;S9#\\QA5V+-DGZ_I5(<KT\_P;3_%/Y'/3
MGS+;I%_*45)?A)7\[K7<\`_X=._LL?\`1M/[/_\`X;S2/_D>C_AT[^RQ_P!&
MT_L__P#AO-(_^1Z]_HK,T/`/^'3O[+'_`$;3^S__`.&\TC_Y'H_X=._LL?\`
M1M/[/_\`X;S2/_D>O?Z*`/A#]E#_`()E?LV^(_CS^TW9ZC^SW\#[^ST#XE6=
MAID%QX%TN6/3K=O!WAJX:&%6@(CC,\\\I1<`R32-C<[$^X?\.G?V6/\`HVG]
MG_\`\-YI'_R/1^QO_P`G%?M8_P#95;'_`-0?PI7O]`'@'_#IW]EC_HVG]G__
M`,-YI'_R/1_PZ=_98_Z-I_9__P##>:1_\CU[_10!X!_PZ=_98_Z-I_9__P##
M>:1_\CT?\.G?V6/^C:?V?_\`PWFD?_(]<#^R1\+;_P"%W_!4+X_+JOC+Q1XW
MU+6O!/A'4I[W67@`MMUYKZ+;6T,$<<4%O&D:A45=Q)9W>21WD8_X*T_"V_\`
M$_A;X9^)&\9>*+#2/#GQ+\%L/#EB\$&G:I<2>)+"/S[MO+,\H1)#LB$JQ!\.
MR.ZQLEPCS3I0_G<5Z<S2^=F_F^RU53CRSJ0_E5_6\%+Y;_<KVO[IWW_#IW]E
MC_HVG]G_`/\`#>:1_P#(]'_#IW]EC_HVG]G_`/\`#>:1_P#(]?'W[3OA*QUC
M]M7Q[\0'\-1ZA;^"OBOX*T>X^(LDJ)XI\$R2)I"_V1I,.?WNE3_;$%RS3P8_
MM2\(M;S;EO3]$_9K\$:Q_P`%"=!E^%>GW&I^.O`GBN_\2?%+XG72*]Y+%=6U
MP(_"\E[$J&Y;%S:,EF=T5G:V<#,%D:W\R:$>>,)/3F_!6A+FZ:6G=]=%RJ7-
M&Y67)S6ULE\W[WN^MTDO7WN6S/<O^'3O[+'_`$;3^S__`.&\TC_Y'H_X=._L
ML?\`1M/[/_\`X;S2/_D>O?Z*1)X!_P`.G?V6/^C:?V?_`/PWFD?_`"/7A_@'
M_@F5^S;>?\%)/BQH4W[/?P/ET33?AKX+O[33W\"Z6UI:W$^J>+$GFCB,&Q))
M$MK=7<`%A!$"2$7'W?7@'PY_Y2F_&3_LE7@/_P!._C.@`_X=._LL?]&T_L__
M`/AO-(_^1Z/^'3O[+'_1M/[/_P#X;S2/_D>O?Z*`/`/^'3O[+'_1M/[/_P#X
M;S2/_D>C_AT[^RQ_T;3^S_\`^&\TC_Y'KW^OD*Y^%M_X2_X+/^#O$.H^,O%'
MB1_$?PT\4K;:=?/!'IN@6\6IZ"4@M(8HTP29&,DLIDED(4%PB1HCIKFJQI[7
M4M?\,92M\[6\M^R;:]QR[6_%I?A?[[=+M=]_PZ=_98_Z-I_9_P#_``WFD?\`
MR/1_PZ=_98_Z-I_9_P#_``WFD?\`R/7CO_!2CPGJ?QU_;&^$_P`/3\,O"GQ@
MT&+PCXC\4'PIXLUD:9X>OKV"?3+6*XNB;>Z\QX8;NX6)?LTH$MRK$Q;1(ORU
M^TF/"?[1GPOO?%'A3X?WVK^'?`OP$TG787\2ZH;C6?@[;^?J+)J.@S22R/=Z
MP!9N7W3VH<:9:_Z:=WEB:3YDIO1-OY)<Z;=[?:@TM;6:<I1>CT5)N3@M6DOO
MDX)+3RFGW;T2;/T'_P"'3O[+'_1M/[/_`/X;S2/_`)'H_P"'3O[+'_1M/[/_
M`/X;S2/_`)'KY(_:\^&'BGX2?&S7_BO'X`N?$GB/7_&_@B?P1\47U*R6;P_I
M$EQI6GW&@A'D^V1/<2/?EH8+=K69=19Y9%<,H_3:M%#W.9[W::[-*+MZKFL_
M-:733>$97LULTG]_X?C?NDSP#_AT[^RQ_P!&T_L__P#AO-(_^1Z/^'3O[+'_
M`$;3^S__`.&\TC_Y'KW^BH*/D#PE^R=\+/V7_P#@J;\+_P#A6?PT^'_P[_MS
MX5>-_P"TO^$8\/6>D?VAY6K^$/*\[[/&GF;/-DV[L[?,?&-QR5Z!\1O^4IOP
M;_[)5X\_]._@RB@#C_\`@FE\`_"/Q%_X)T_LP^(];T:+4=7M?@=HWAI)99I=
MAT^^TK37N[=HPPC82&U@R64L-F`0&8'T*Q_X)R_!?3/ASX:\)6W@BW@\/^#O
M#-QX/T6V34;Q3IVFSRVT[I'()=XF$UG:RK<EC/')"KI(K9)XK_@E?\6O#VD_
ML%?LI>!KC4/+\4Z[\%M#UFQLO(E/GVEIINF17$OF!?+78]W;C:S!CYF0"%8C
MZBI)>ZFMG?\`.2?XRFGYRDNK*<I)IWU7X;/](_<NR/"[_P#X)O?"/4?`=CH$
MND>*`--UQO$D&LQ^--;B\2?VBULUHUTVLK=C47D-LQM\O<$>2%B^XJJ*DW_!
M+[X)+X&TGP[8>%]9\/6&AW-_=6,V@>*]8T6_@-^_F7L7VRTNHKDP3R!7D@,A
MB=T1BA95(]+UO]H/PKH'Q)O?!\MWJ5SXET^ST[4;FPLM(O+V2&VO[N6TMIB8
M8G`C,T$P=LXB2-I)"D8WUVE-JZYN^E_2RM\K)?)=@;<96>C6OI>[_'F;\[M]
M3P;XJ?\`!,GX(_&2QL+/6?!DUOING^&E\&KI^CZYJ.BV%SHR!A'87%O9SQ17
M$$6]S&DRN(F8LFUCFNTU/]DSX?:QX9\=Z/<^'DET_P")5ZFI>(4-Y<![NZCM
MK:VCN(W$F^WECBM+;8\!C:-X5D4K)\]=KXL\6Z5X"\,:AK>NZGI^BZ+I-N]W
M?7]_<);6ME"BEGEED<A415!)9B``,DU?CD66-71E9&&00<@CUIMMII];W\[O
MF=_5J[[O7<2]WE:TMMY626GHK+R5EV/%Y/\`@GO\*9OA8WA&31=>ELVUE?$9
MU63Q7J[^(O[36,1+>C63=?VD+@0@0"07.X0?N0?*^2NW^`_[/WA#]F;P!_PB
M_@C2#HNAF^N]2-N;N>Z+7-U.]Q<2%YG=R7ED=SEL`MQ@<5?\=_%KP]\,]9\+
M:?KFH?8;SQIJW]AZ-'Y$LOVR\^S3W7E912$_<VT[;G*K\F,Y*@]'34G9M=='
M\DOR2C\DO(4ELI>J^;>J^?-KWOYA1114@%%%%`!1110`4444`%%%%`!1110`
M4444`%%%%`!7@'_!)W_E%E^S3_V2KPO_`.FBUKW^O`/^"3O_`"BR_9I_[)5X
M7_\`31:T`>_UP?[1W[-'@_\`:Q^&X\)>.;+5;[0UO[74UCT_6[[1YTN;:59H
M)!/930S`QRJCC#X#(IQE01WE<?X]_:`\&_##XD>"?!^O>(+'3O%'Q&NKFS\-
MZ8^Y[G59+:V>YN"BJ#A(XD+,[80%D4MN=%9<MVE:^MUZK5?-6OY6N4FU=KHG
M?TMK\K7OY'+Z+^Q3X"TKX9W_`(/N1XV\1:!J6I6FK3P^)?'.N>()OM%K/%<0
M;9[Z[FF2-98(V,2.(WP0RL&8'T?4?#%MJOB#3=3EEU%+G2A*($AU">&W?S%"
MMYL*.(IL`?+YJML.2NTDFO,O"7[>'PM\<?&H^`-,\0W\WB![VZTNVFDT+48-
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M`8[&QZM2BOW<5'X5=+LK-W2Z:.]UWN.3]]W^)V;[ZK1OY+3R"O`/^"3O_*++
M]FG_`+)5X7_]-%K7O]>`?\$G?^467[-/_9*O"_\`Z:+6@#W^BBB@`HHHH`*Y
M.3X(>&6\?^)?%26-S;^(O%VCVN@ZI?V]_<0336=LUR\"(4D'DLC7EP1)%MDS
M(#N^5-O65Q_A;]H#P;XW^,OBSX>Z1X@L=1\9>!;6QO-?TR#<\FDQWHE:U$K8
MV*\BPNP3=O"[&*A70LG'FO'?_+J4FTF^FE_O5O\`R:UO.W6QQ_Q(_8-^&'Q9
M\866O:[I&NW&IVUA;:5=/;^*-5LXM?L[=F:&VU2*&Y2/5(5,DOR7RSJ1-,""
M)7#37_[#GPSU'XUR>/WT34X]>N;Z'5;JV@\0:C!HNH7T,:1PWMSI23BPN+J-
M8H=D\L#RJ8(&#`Q1E>J^,W[0'@W]GK2]#O/&GB"QT"#Q-KEEX:TKS]S/J.I7
MDHBMK:)%!9W=CG@855=V*HC,.1\:?MX_"OX>_'"W^'>K^)+FU\2S7MIIDCKH
MM_-I=C>W:[K6SNM12%K*UNIU*&.">9)9/-BVJ?-CW7"4G)<N]VE_B=FTO-WB
MWUU3ZHF4?=?,M+7?^%::^2LUVTL>O4445(!1110`5X!^V1_R<5^R=_V56^_]
M0?Q77O\`7@'[9'_)Q7[)W_95;[_U!_%=`'O]%%%`!1110`5'>6D=_:2P3+OB
MG0QNN2,J1@CCVJ2N*^.W[0OA/]FWPE:ZUXNO[VUM]0O8],L;;3]+N]6U'4[J
M0,RP6UG:12W-Q+L21RD4;L$CD<@*C,(FHM<L]GIKUOI;Y[6ZE14KWCTU^[7\
M"7X>_`?PQ\*?"/@WP_X=M=1TK0_`.FKI&BV$6JW9MX;585A2.5#*1<[8T4*T
MXD93E@0Q)/(?!W]@SX4?`>]UJ?PYX7D`UW3VT::'4]6O=7MK33F=G.G6D-W-
M+'9V19S_`*+;+%!PHV810.O^#GQZ\*?'_P"%]OXR\(:H^L:!<F9!(MG/#<PR
MPR-'-!+;2(L\4\<B.CPR1K(CJ590PQ7F'A[_`(*:_"KQ+XXD\,PP_%>T\1KH
MUWX@CTO4?A-XKT^\N[&U,8GE@BGTY&G*M-$NR(,[-*BJI9@#I47-.7/JVG>^
M[5FW?RM=N_2]]+DQ?NJVUUZ7327SNU;SMU.R_9H_8]^'W[(>CZE8^`](U#3T
MU=H/M<^HZW?ZS=R);PK!;P"XO9IIE@AB7;'"KB*,%MBKN;/IM>1_`+]N'X>_
MM*_$37O"7AB3QI;^)?#%C;:EJ>G>(?`^N>&Y[6WN'D2"0C4;2WW"1H9@NW)/
ME/CA3CURJFY/WI=?^&)CRJ\5T_77];_.X4445!04444`>`?L;_\`)Q7[6/\`
MV56Q_P#4'\*5[_7@'[&__)Q7[6/_`&56Q_\`4'\*5[_0`4444`<7K7P)T*[\
M5>+O$MA#+IGBWQEH4'A^]U6*ZN5?[/;FZ:V"JDJ;#&]Y<,'B,<A+_?\`E0JW
M7?@+H7COX6^'O"OBL7GB>U\/SZ7?I<7=U,EQ<WNG3PW%M<R.CAF<3P1R$,2'
M((8,"0;?A_XX>%/%7Q@\2>`=.UFWN_%WA"QL=2UG3HT<OI\%Z9Q;,[[=F9/L
MTQV!BP"@D`.A;E/C3^VW\,OV?/B+IGA3Q9XBGL-<U*U74&BM])O;Z'3+1IA`
MMW?SV\,D5A;-*2@GNWBB)1P&.QL.#:DE'=M6[WC=JWFM7IZ]-'-[RE]E:^2:
MBM?)I12OTM;1E?QQ^PA\+/B1\<[7XC:UX<NKSQ/;7-G?,!K5_%IEY=6>[[)=
M7.G),+*YN(,CRIIX7DC*1E6'EIMR_A#_`,$ZOAE\!_&RZ]X4?XE:7<#4[K6'
MLC\3?$MQI,UW<R22W$LFGRW[6DADDE=V#PD%FW8S@UJ>-/V\?A7\/?CA;_#O
M5_$ES:^)9KVTTR1UT6_FTNQO;M=UK9W6HI"UE:W4ZE#'!/,DLGFQ;5/FQ[M'
MP]^UWX*\6?';5/ASIG_"87_B/1;DV=_/#X-UE]%LYQ;I<F&351:_V>LGE21G
M8;C=EU7&XA:*2V=/S:M_V[S-?^2W_P"W;]`JO=5/+?MKR_\`MUOG;J>FT444
MA!7@'PY_Y2F_&3_LE7@/_P!._C.O?Z\`^'/_`"E-^,G_`&2KP'_Z=_&=`'O]
M%%%`!7.:E\)?#VK_`!8TCQS<:?YGBG0M+O-&L;WSY1Y%I=RVTMQ%Y8;RVWO:
M6YW,I8>7@$!F!Z,L%!)(`'4UY]\-_P!JSX<_%SX&WGQ-\.^,-%U'X?6']H&?
MQ#YIBT^-+&::&ZE\UPJF&-X)?WHRC*FY692&*<E&\V[<O7LFFGKTNKKTNBE&
M3T2W:7J]TO72Z7EY'.^)?V)?"GQ0^$^@^&/&][XH\17/A^6YFM=;M?$FJ:1K
M$7GM)YD27UM=)>"$QN(C&T[!TC0/OV@U0^)'_!-GX*_%;3_#-EJ_@OR],\)Z
M/#X=LM.TW5[_`$NPN-*B9'CTZ\M[6>.*^LU:-2+>Z66(9?Y?G?=ZE\)_BGH/
MQQ^%_AWQGX6OQJOAGQ9IMOJ^E7HADA%W:SQK+%)LD577<C*<,H89Y`/%<%\&
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M!?Z;=:7?Z?<1XWP7-I=1Q7%O*`RMLFC1MKHV-K*21=XVCM9/Y-*S]&K6?56%
M)*+N]'\/W=/EKIT.NHHHI#/`/B-_RE-^#?\`V2KQY_Z=_!E%'Q&_Y2F_!O\`
M[)5X\_\`3OX,HH`^8_V#9GM]+_8@DC=HY(_V4;ME93AE(@\*8(/8UYG\,_%G
MQ7^&'[./PZ\0^#/'7Q1\8>/OB3^S)K7BV]CU7Q#?ZZ;K6+==#^S75K:7#S1Q
M7,4=Y<!5MXU\]BOF+*YS7W1_P2=_Y19?LT_]DJ\+_P#IHM:]_I07+#EWTDO_
M``+VWX7JI[[P6S:Y=E55TVNJ?W<G_P`B_O?S_(K3_B'X.\._M$^)-2^"/Q<\
M7^.=!N[;X2V4NO2^-[_Q%,_G^,[J&[M1J$\LDK))&[++!YI1#++&40%HQ[]^
MR7\8O".K?M!74WC?XN?$%/VAH_%WB2UU/X=V?B6_OH(]-AENULHI-!^>WM;$
M626<T5^L$#32-"3<R&X9)?O>BM)3;ARK3X]>JYN71>2Y7IUO;17OBTG>_7E^
M?+'EUZMO1WOHU?>S7X1>./CI-^T=\,_B-IWA_P`:^,_$'A?QI\#_`!EK6HVC
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M]6]Q57S574\K?^32EJ_^WK;+1(****0@HHHH`****`"BBB@`HHHH`****`"B
MBB@`HHHH`*\`_P""3O\`RBR_9I_[)5X7_P#31:U[_7@'_!)W_E%E^S3_`-DJ
M\+_^FBUH`]_KY/\`VP/A!X5T3]N?]F;QI:>'-%@\8:WX]N;&_P!;6SC&H75M
M%X6UWRX&GQO,2G+"/.T,6;&22?K"O$/%G_!,K]FWQ[XJU/7==_9[^!^M:WK5
MW+?ZAJ%_X%TNYN[^XE<O+-+*\!>21W9F9V)+$DDDFG%VDI=OZ_+0=_=G'^:,
MH_>FK_*]_D>%_&OXQ^%_VDOV[OA%:>`_B,OC'7_!WB+5+#7_`(<SF*VF\'>7
MI>IP/X@EM#'%J$$BS/!;QRW+/:R1WR-#'OFBF/G7_!.+XF^'/$GCC]G/2M/U
M73H]1_9\^"VLZ!\3HVF6(^#K_P`[1[?['J!)_<3&;3+^0))@E+=I?ND,?JG_
M`(=._LL?]&T_L_\`_AO-(_\`D>C_`(=._LL?]&T_L_\`_AO-(_\`D>G2DZ?P
M[ZW]>6<5\O?;L[MZ*Z2L5.?,[V[)>E[N_G;2ZLD_>Y;MW^9/^"M6J^'--D^(
MD_A?XOZ'H7B_XV_"D>&8?"4^BG4+SXAP[KY-.CT"Y,T<9NVFU"6.4)'>;8IX
M',4(*2O^@G@#1KKPYX$T33KV59KRPL(+>>10`))$C568`=`2":\6_P"'3O[+
M'_1M/[/_`/X;S2/_`)'KV_PGX3TKP%X5TS0M"TS3]%T31;2*PT_3["W2VM+"
MWB0)%#%$@"1QHBJJHH`4````41:C%Q75^NSDU_Z4[]'I9))(FI)SE&4NB_-0
M3OT^PK:72T;EN:%>`?\`!)W_`)19?LT_]DJ\+_\`IHM:]_KP#_@D[_RBR_9I
M_P"R5>%__31:U(CW^BBB@`HHHH`*^1_V=?ASX)_9Q_X*.?'>W\/Z/X<\%>';
M?X>>%=6OS:P16-L)'O\`Q))<7<[``%V(+R2N2S'+,QZU]4>+/">E>/?"NIZ%
MKNF:?K6B:U:2V&H:??VZ7-I?V\J%)898G!22-T9E9&!#`D$$&O$/^'3O[+'_
M`$;3^S__`.&\TC_Y'H3:NX[V:^_^D_D4VG"5-[/E_"49?I;RO\CAO^"GOPV\
M%>-OAI\._B(FC>'=8\0VGC[P/;:/XA%O%<W-O9S^*-,=EMI\$I'*"I;RR!(`
MN<@+CYX_:A\96VD?ML^.O#L_B*PTWQ+K'Q4\$W>D_"86X=?B59@:5YOB"1<_
M:W>U,%PWF6LD5K$-%7[5#/EBWV!_PZ=_98_Z-I_9_P#_``WFD?\`R/1_PZ=_
M98_Z-I_9_P#_``WFD?\`R/5T9*G*+2T4W*WK[-V];T[WLU[S=N9)HE)R@T]W
M&U_O^=K.UDT[*U[7/?Z***@D****`"O`/VR/^3BOV3O^RJWW_J#^*Z]_KP#]
MLC_DXK]D[_LJM]_Z@_BN@#W^BBB@`HHHH`*^;_\`@I'^V1X$_8N\$>$=<\1I
MX$?QKK&LMI?@>3Q7J5KI.GV.H26\JR7<U]/_`,>EM%;M*9I$S(R-Y2+))*D;
M?2%<!\=/V3OA9^U!_97_``LSX:?#_P"(G]A^;_9O_"3^'K/5_P"S_-V>;Y/V
MB-_+W^5'NVXW>6F<[1B91;5D^WW7U7E=:7Z;E0DD[M7W^^VGK9].NQYW^P!J
M7P\\(?`K0[/P[\5_!?Q,U3QQJFJZY=Z[H^L6US:^(]7EG>YU)K)(I7`ABED*
MB%&<PQJBNS$%VI_L7V</Q-^/'QT^*]X%GO;WQ1)X&TJ8DM]ETK11Y!A4GH&U
M%]2E;&,EU!SM!K0_X=._LL?]&T_L_P#_`(;S2/\`Y'H_X=._LL?]&T_L_P#_
M`(;S2/\`Y'JY/W^:.GN\J71?#9JUM$DXI*WNR:,TGR<K=VY7;[[MI^;DU)OO
M'S*'_!,73XO%GP%U/XJW"K+KGQLUZ]\7W=R26:2T>4P:9$"<_)%IT%F@`XR&
M(`W&OHZO,/@I^Q%\%_V:_%5QKOPY^$/PO\`:W=VC6$^H>&_"MCI5W-;LZ.T+
M2P1([1EXXV*$X)C4XRHQZ?0[645LDDO1*R7R22*>[?=M_-N[_%^BZ:!1112`
M****`/`/V-_^3BOVL?\`LJMC_P"H/X4KW^O`/V-_^3BOVL?^RJV/_J#^%*]_
MH`*Q_B%KFJ>&?`.N:EH>B3>)=:T^PGN;#2(KF*U?5+A(V:.V664B.,R.`F]R
M%7=DD`&MBL_Q9X3TKQ[X5U/0M=TS3]:T36K26PU#3[^W2YM+^WE0I+#+$X*2
M1NC,K(P(8$@@@U%2+E%Q3M?JMUZ%0E:2;5_(_/S_`()R>(]=^'G[?WQB;QQ\
M-?&O@?5M3^'GAW7O&&O^(KWP^L'VT7FNR374S66I7&V!PS10`;S%#8A)/+58
MC)!_P5JU7PYILGQ$G\+_`!?T/0O%_P`;?A2/#,/A*?13J%Y\0X=U\FG1Z!<F
M:.,W;3:A+'*$CO-L4\#F*$%)7^E=0_X)(?LJZG83VTO[-7P%6.XC:)C%X"TJ
M&0!A@E72`,K<\,I!!Y!!IUM_P26_96M+:.)/V:O@&R1*$!?X?Z2[$`8Y9H"2
M?<DDUI52J64E9)6LM-&I)KRLFDM&E;:]FJA5E"I*K%W<N5Z]X\EF[6;NXMNS
M3NUKH[_%GQBUD^!?VGO$'@S5/$VG6GC&Y^(G@)[#X5);*R?$ZWCBTA9_$+H#
M]J=K5K>X;S+62*TB&C)]JAG&XMZU^SI\2K?X:_M;6OA;P!\<I?B;K/B_XC^(
MKCQU\/9=*T[39O!UA+_:%R=0DM3`NJQ&&XCT^U2YN9VM[B.>-HX\30,OOO\`
MPZ=_98_Z-I_9_P#_``WFD?\`R/6AX3_X)E?LV^`O%6F:[H7[/?P/T76]%NXK
M_3]0L/`NEVUW87$3AXIHI4@#QR(ZJRNI!4@$$$5I"JTTY+76_2]U!6ZZ>XF_
MDH\JBK8N"5/V4=DDE?=64U=;:KFT\[\W-?3V^BBBLB@KP#X<_P#*4WXR?]DJ
M\!_^G?QG7O\`7@'PY_Y2F_&3_LE7@/\`]._C.@#W^BBB@#%^(WPWT#XO>"=1
M\->*M&TWQ#X>UB/R+_3=0@6XM+V/()CEC8%70X&58%6&0002*^4/V&_@3X*^
M)7[`NN>'/$/A/P[K?AW1OB'XUN;+2KW3XI[&VDM_$VJ_9V6!E,8\H@%/EPA5
M2,%01],_&O\`9[\`?M*>%;?0OB-X&\'^/]$M+M;^#3_$FC6VJVD-PJ.BS+%.
MCHL@2210X&0)&&<,<^8?\.G?V6/^C:?V?_\`PWFD?_(]95J7M*<Z>W,K7_)_
M+H:1J644UM)2_P#)91:^?-KZ6L8/_!.GQ-:6?_!,+]G[0X]6TZQ\2:_\,-,7
M1[6:Z2*XO)(]+A9C$C'<^S*LQ4':""<"OD']C;]H/XL?"/X3>!_AI\+_`!5=
M_&;QIHGPM:R\4?#N&RT:RN?A9K%HUA90H7D:`Q2;I;MWM]2NI'NC:,\+QID5
M]IW/_!(C]E.ZU.VNW_9K^!`EM%=45/`NF)$P<#.^,0A'/`P6!*\XQDYL_P##
MIW]EC_HVG]G_`/\`#>:1_P#(]=->HZM>K6V51W:^4[6>VG.[Z7T7*XM7,XNT
M(Q_E^YZQ;OU?PV6MM7>Z=CXM_9]\-:';?`S]J?P]XET#QS\!_#_@SXEZ!XEA
M\3>)(M*U==)U2TT_P]<Q7&H1Z=>W'G9N8([N\E+)"8;J1VN8G$K0_2W_``2J
MNM4\=>(OCSX_N/%VD>/M&\;^-;:33/$NC:>MEHVO_9-&T^SGN=/02S$V@FA>
M!&,\^YK9SYK9X[S_`(=._LL?]&T_L_\`_AO-(_\`D>O0/@7^R=\+/V7_`.U?
M^%9_#3X?_#O^W/*_M+_A&/#UGI']H>5O\KSOL\:>9L\V3;NSM\Q\8W')&HTO
M^W5'RNE!-V\U!*W:U[M)A*^R?5OY.^GWN^M];V2N=_11168'@'Q&_P"4IOP;
M_P"R5>//_3OX,HH^(W_*4WX-_P#9*O'G_IW\&44`?*LO[0_Q?_8]_P"""GP*
M^*OPVUKX;1V'A'X0>$&O-&\2^%+W4YM1EFL["`-'<V^I6HA55ESM,,I)7[PS
MQ]8ZY^U5;?LB^#_#=E\<_'6@:_XU\8WT\.A67@GP-JHO=86.(2NEMI$$^IWL
MQA0,\LJ$HBLNX)P6^?\`PI^R[X@_;0_X-T/A'\,_"UYH]AKWB?X2^#$M9]5E
MDBM(S%::=.V]HXY'&5B8#"'DCH.1ZO\`M9?LD>/_`!%^UK\(?CE\,Y?!^K>)
MOAKI>K>'KWPWXHO[G3+#5K+4$A)EBO8+>Y>VGBEMXS_Q[2"5'928\`F(-QTZ
M-O7>RY;JWK*ROT3OLAR5]>J3TVN]$ON5W;[35KINZJ:G_P`%@OA7=_&[X$^#
M_"Z>)?&EG\>H+V[TG7-'T2]NK&PAM04D$XCA:1)EN-L4T<BI]E`D>X,(0!HO
M'O\`P5^^$E_X`\5CP'XFDU3Q7;^&/$&N>%FU/PUJUGHGBF328'>X^PWTL$5K
MJ$<;J-WV2X<E,LIVC</$/@U_P2&^*7[/OQ(^!_C[1]>\#:WXO\,ZYXSUSQI!
M/?76GV-M-XF>-Y6TQA:SO.MFRD(EPL7VC:"S0;MJ>06?_!";X[^)O%?P^UWQ
M3=?!O4/%_@OP]XHT'6_&MSXGUO5_$?C^35=(NK"WO+R>YM/,@6VW6P6T$L\2
M++<F-DPD;1B%-T)1CI+EGL]I6ERI/9V?(G+3FO=)6FX[8=P5;FGK%2T\XI]>
MJYM6EO%)\V\4_IW]HK_@I/\`$+X7?\$+]#_:6T32?!L_Q%U?PEX:UO[!?6MR
MVBK=:E-8QRKY:3K,(E^U/M'FEAA<EL$'R7XK?\%H_BOX23]CZ#2O#_P]>^^,
M-[IVG?$9)[*\E72IY]5MM+DCL-MRAB(F&H;3-YW^H4$'#$^P_'C_`()L^.OB
MA_P1`\.?LTZ?JWA.'QWH_A?PQHDU_<7-PNDM-IL]C).RR+`92C"UDV$Q`DE<
MA<DCR?Q7_P`$7_B=KOQ=N=8BU_X?G0](^,'ASQCX:MVN+M9[#P_9ZMJ6L7UO
M(3`P^UR7>J3[%4^64BB#.NT8]&HZ:Q_N_P`/VR;[>SO&-EY>^Y/NH/MKQ4W/
MZBK_`,3DDO\`MYQ3N_\`P%Q7]Z2/K\?\%*O@H?C<?A]_PF4@UU=?/A/[6=%U
M`:&=:$/G'2QJWD?V>;X*"/LPN/-W@ILW@K7,P_\`!8K]G)IK@S_$.33=/CT_
M5-5M=7U+P[JMAHVM6NFG%]+I]_-;):Z@(NN+264L.5##FOE_PQ_P1`\9>$_B
MCK&C"Y\-Z[\/M2^*%Q\1+;7-5^(OBY;G34EG^W)`OAJUF@TN2\AN\*E[)<D%
M5$CV[MF(^6ZC_P`$$OCKX\\0?#C6/%UO^SOXI\4^!])\0:1XA\3>*-9\0>)-
M1^)G]HZ=/:13ZB\D4%Q"D*B!$MH[J1(1-.\3IL2)_/C*;HJ35I<M_+FY+KSL
MJGNM;M6<;QO*/6XP562^RGIWMS/_`-*C9K^752L[)_H/I7_!5/X$:O\`L_>+
M_B@OC.\L_!O@'4K?2/$,U_X;U6QOM(NKAK<01RV,ULEV/,^U0%6\G:1)NS@,
M0?&S_@JI\!_V=_'NL^%O%OC:ZL/$6@:CI.D7FGVWAW5-0G%YJL$\^GP1K;VT
MGG//';3%1%NPRA3AF56^6?\`AT!\8O&/_!.CX\?"/6O&FDZ9=>/;G29_`GAR
M?QEK/BS0O!<>FK9R):IJ&H0K>BWGN+9B8Q$P@1E">80<YWC;_@D=\=?C3^VW
M+\8O$=Y\)M"6_P#B%X`\73:3INN:A?&TM-`M-2M[J%9I+"+SI9#=Q-&2D:D;
MPVS:"_6X0=6,$[)N%V^D9<EWZJ\[K5+E5V]Y<\)/V$YS7OI3:2ZM-<J^:?E?
M>RV/L;XR?\%*?@]\`5TA?%>N^(;"]U?P^_BPZ=!X/UF]U+2M(3:'O]0M(+1Y
M].MU+;6DO$A562120T;A?%?^"EO_``6>\&?LK_LT?$75OACKVA>,_B)X0T+3
M=<MXO[)U#5?#T,5_+']E^UWUJ%M86G@9I(8GN8Y)08V16#+NQ_V[?^"7'CGX
MN_MG:S\8/`<NDZ\WBWP&O@W4=$U7XE>)O`T-E-!/)+;W7G:(&>^MW6>19+.4
M1+E`RR@NVWQ3XA?\$)_BUX!_9A^.GP6^$VH?"%?!7QKT_0)1>ZQJ&L6D_AR]
MT^WMK>>V@@=+Z66SE6U1HFFO&DMPY0K,%#-E1M)7GIK^4VK/M[EI7LT]8KWM
M%TPY8UH7UC=7]+1N[?XG*-G9_:ORK7]#OVPOCKX@_9Y_8S^(7Q'\-^'H/%'B
M'PAX7N]=M-*DG,$5Y)#;M+M9NNT!22!\S!<`Y(->,?\`!(7]N_QO^WM\-?&7
MB'Q+:>'=5\.:7JEO;^&?&/A[1+W1=)\60/:127`AM;R>>4-:W1FMWD$K1NT9
M"X9'`Z[_`(*<?L5ZO^W-^Q)JGPVT?4M)L]6:[TS4X;?53(=(UA[&ZAN?L-[Y
M:L_V6<Q;'*HQ4$-L?;M/@?\`P37_`."77Q:_8V_;7\3^/K_4O`/AKX3^)[35
MHM/^&'AG6K^\TWP1+<W%E<A[)WM;6*=)98KHM&UO"+<.BQ%@[@/#V=>JIZ1:
M:79<OO)^LV^3^[RW>C1QOF^JT7]M-<WG=6:?;EMS=G>RU3/1?VD/^"J&F_LB
M?M_:YX*^(U]H'AOX/^'?A5;>.;_76T^\N=0MKV?7!I<<9\DN#`=\?`A+!F+%
MPH('I>G_`/!3KX'WG@7XD^([CQI+H^F?")H$\6+K.AZCI-WI1G17MC]FNK>.
M>87"LODF%'$Y=1&7)`/S)_P59_X)&?$G]N?XZ^./$_A+6_`^G:?XF^%^E>"K
M6/5[RZAFCO;7Q1!J\DCB*WD`A-O$RJP)8R$`J%^<3_M5_P#!(#QY^T%\5/VE
M?$NG^)/".FR?$S_A!M3\'K<R7$J1ZAX<D>9HM1C$6%MYI-J!HS*P5BY0E`C3
M1?[F'M-'>2?=+VFDK=;0;LE9NR^?55BO:3<-5[ME>R?N4TTGT]YS;;O:ST*W
MQ`_X+*>(KG4/VLY?#5WX"\+Z!\#=$\*ZCX?U/QQX9\06+02ZGYGVE=6LXT^W
MJ!L41I':QN-ZLP93NKZ@T#_@I1\&==^-=M\.XO&$C^)[G5Y?#D<W]AZC'HMS
MJ\4'GS:=%JCP"QDNT0,6MUG,JE64J&4J/D+X_P#_``2<^.W[3WAO]L.^UV]^
M$F@>(?VC]#\*:;H=A8:UJ%Y9:,^E._G+<W+V,;NK`@I)'""22#&FW<WLG['O
M[('Q]_8ZU+5OA_X>U/X32?"C4_&FM>*3XDO;C4;OQ,MKJ+277V);#RX[=9HK
MN4C[4UW(K1(";<.QP)M:6VC?=:R7+I?;9R?FUI?2\5=4G![NST=DN2&MM_CN
MK;J[;LD[;'Q)_P""WW[/GP^\#:[K<&O^*->32]'U;6M-2R\(ZM';^*X=,.+S
M^RKR:VCL[\1D@L]O.Z*FZ1F$:LXTM'_X+!_!JU^#?@CQ3XGO_%'AV^\8>$_^
M$RFT2/PAK>H7^AZ:FU9[V\AALC+;6*2%E6\GCB@F5"\;LF2/A7Q%_P`&_OQQ
M^+DW@J?QEJ/P@G\4^&O#7BGPYKWCN7Q)K6M>)?'<FK:1=6%O?7<MU:AX1;9M
M@MGYTT2++<F-H\(C>E:]_P`$?/C-/XF\-^-([;P/?^)C\)[+X9:UH5O\7_%G
MAG2[>73BRVFH)>:5:P3WT$T<C^=8SPQ*C#Y)V+%@XK1VU;MY+:KM?^9JE\2T
MYM5&TK5)1YHI7MK?:^\+)[K2/.[IV;5E=N-_9O\`@I;_`,%GO!G[*_[-'Q%U
M;X8Z]H7C/XB>$-"TW7+>+^R=0U7P]#%?RQ_9?M=]:A;6%IX&:2&)[F.24&-D
M5@R[OMG3+EKW3;>9PH>:)7('0$@&ORC^(7_!"?XM>`?V8?CI\%OA-J'PA7P5
M\:]/T"47NL:AK%I/X<O=/M[:WGMH('2^EELY5M4:)IKQI+<.4*S!0S?JYIEL
MUEIMO"Y4O#$J$CH2`!6DHP47RN^OZ*_W.ZOUM=:-&'-)J%U_-?\`\DY?O]YV
MZ7Y6VTR>BBBLC0*\`_X)._\`*++]FG_LE7A?_P!-%K7O]>`?\$G?^467[-/_
M`&2KPO\`^FBUH`]_KXT^-G_!2#X@^`_^"K'P?^!&G?"ZYT[X>^-KW4K#4?&N
MMD(NK7%MHQU'R=+B24.8X]\"R7$J%"_G1*NZ-G'V77SI^U+^R)XE^-_[;_[-
M/Q+TF^T.WT+X-:CKUYK4%W-*EW=)?:6UI"+95C9'*R,"V]T`7D%CQ3A_$BWM
MK=?+?OI^=KW5TZ=O9U%UY96];-JWJ]/GT=FO#?V:?^"JGB3]H3]N/QWX,F\2
M^"O#GA/1/&>K^%/"6C77@'6/MWCO^S+5/M1M/$#7J:7YZW7G?N%ADE$4)8H`
M=XK_`/!,7_@J/\6OVQ/VC;?POXL\.^"I-+O?#-[K6N6?A_3KVUU+X3ZE#J4E
MK%H6MR3SRI+>2Q*7`$=K)F&5O(,>&':?'G]BGXV?MC_M`>`_^%CZI\-=$^'_
M`,+/%FH>*=%UGPG=W\>O:J'LI[2QMIK*>)H;9XA<R/+.EW-YIB39%#O.SSW]
MB3_@EU\:/V7M?\#:A<ZC\)K6[^!WPTUGP!X/FTZYOIE\9S7EVES!>:O&;>$V
MD:-;PL\$,ET6DFG<2KA0T8:7+&+J+:/WVI2O)KI)U.5<KU3LXM04DS$1YI25
M/J_N_>+W?-*%WS+2UU).7+R]'_P4"_X*BZ_^SE^V_H?PKT;Q+X/\"^&;3P8W
MBOQ9XMU_P!K/BZST1I[]+.QBG_LZ\MEL8I"MRSW%TZQ*$3+#//W5IEQ]JTVW
ME\^"Y\V-6\Z$8BER`=R\GY3U')X/4]:^/?VQ?V?OVH/VJ_V9K_X774WP%CTO
MXE^!XO#WC'4(KC5K2X\-ZG,`E_=Z>ABF6_MC&TGDP3&T=652\SAB%^K_`(<^
M";;X:?#W0?#=G+//9^'].M]-@DF(,DB0Q+&K-@`;B%!.`!GM6L(\M-PD[M-Z
M]_>G?T27*DUI):Z-,SJ2O44HK1K;M[L+>O,^9OK%JVS1LUX!_P`$G?\`E%E^
MS3_V2KPO_P"FBUKW^O`/^"3O_*++]FG_`+)5X7_]-%K4%'O]%%%`!1110`CM
ML0M@G`S@<DU\;?\`!.7_`(*/?$']M']K7XZ^#/&'PON/A5HGPYL_#]]X?TW5
MR#XAGM]2BNY1-?JDKQ0.R0Q,+<`/"6=79F^[]E5\N_#W]D3XA_"G]MG]I[XN
M:-?>#)W^+'A_0+/PC;7DURPMK[3;*[B)OT2-=L#2S1G]R[L4#\*<`RI<KE*2
MNN5Z>?EW;V73?2]FK<>:G**TE>-G_P!O)->EFV^NF]KIY'_!3[]J#XV_L8?"
MKQO\6?#MU\&;+X8_#K0H=3EL?$%MJ%YK7B>[-P%DLHY8IK>"PWJT<<,A6\+R
MR#,:`8;F_'7_``4_^(NG?\%*/@5\';/X0:EX;\!?$DWD>J>*?$95)+NZBT/^
MU#:Z=%'*&(A,D,<MQ(AC,@GB1=T9<9/[2W[*/[4'[1WQQ^#&N^*]%^`OC7P/
M\.=(MM8UCP<WB_5M"T_5_&(49OB?[*O#+96K;C;0R?,7;S),E54>P?M'_LD>
M+_CK^V5^R_\`$Z"X\-Z=I_P=O-<O?$5E)>3R32F_TIK1$M"(`)0DK9+2>3\@
MR!GY:THPY7[[NN9KY>]JWN[O5):**AK>4HD5)*2E96?([/\`O<J<4ELFFK.^
MKE*6EHQD_I.BBBI`****`"O`/VR/^3BOV3O^RJWW_J#^*Z]_KP#]LC_DXK]D
M[_LJM]_Z@_BN@#W^BBB@`HHHH`*\Z_:*A^+-[I&BVOPFN_AUI-]<:@!J^J^+
MK6\U"'3[((Q+065M)`;F9GV+M>Z@55+-ER`A]%KYJ_X*G_`[XV?M*_LUKX$^
M"VK>$]"F\1ZC#;^*[K6-:N](N)M$Y-U:6=Q;VETT,]P,1><8SY:,Y`+$$9U;
MV7+O==[;K>UWR_S63=KV3>A=.UW?L_79[7LK]KM*]KM+4=_P3=_;BU#]K[]B
MIOB;XJL]&LKC2=1UC3+R_P!&+_V1K*:;=S6[:A9"1W=;:80EU5W8KRN]L;CY
M#^P=_P`%#?B_^W?X+U?Q3X1UG]F;5CK'A636M(\%+KEY;^(_!EW/*?[-AUDQ
M-<^;!+;;9'E6"U=6^1(W!WCVCX:_"GXJ>&/`7PS\"V7@7X(_#_X:Z=;WVB>*
M_#VE:WJ.LO::6+,QV"Z7.UG9J9#*?WPN(<!,[69CFOFK]FW_`()8?&S]F/4?
M"U_X=O/A#::C\#?AKK?P_P#AY.MW?%?%4M[=K/;WVLJ+5?LBQ"&)V@@:[\R6
M6=A*F1FZEE4E>[CRZ6LGI"=W;;FE+V?*ELV[:19,$^6-K)N5];M).<4HWM=J
M,>?F;6J2NKR1[C^QK^UQ\2?&/[9OQ6^!WQ*G\`>)M:^&^A:+KLOB'P;I=UI=
MC;/J"RYTZYMKF[NG6=?)\U'$H$D4BDQH1S]6U\F_\$H_V5_B;^R-\,-2T+XE
M^'_A_-XFUVX?7/$OC71O&%YK>I^--:F;]_<W,,^EV@MT"X6-$ED$:(J``#<?
MK*M:BLHJZ;MJULW=[;.RV5TFTE)I-LRIN[;LTNB>ZT6_2[=VTFTF^5-I)A11
M169H%%%%`'@'[&__`"<5^UC_`-E5L?\`U!_"E>_UX!^QO_R<5^UC_P!E5L?_
M`%!_"E>_T`%4_$6NVWA;P_?ZG>.([33K>2ZG?^ZB*68_@`:N53\1:%;>*?#]
M_IEX@DM-1MY+6=/[R.I5A^()K+$>T]E+V7Q6=O6VGXFE+DYX^T^&ZOZ=3XY_
MX)=_\%!?&W[?&IQ>);GQ)\!;GPCK6A#6CX1T'4IW\:^"&FG)LHM13SI8YUFM
M<2&0QVA5SM6.1?FJ?_@I1_P4@^(/['WQU^#?@[P?\+KG6=#\>>,_#V@^(/&>
MK$1Z-I<.IWTEL+6V594EN+XI!,YP#'`IA9P_FJM>8?LQ_P#!,_XI_L<:IX9\
M2"?X<+:_L\_##7_!?@C^R8]1U"[\9&YN1=07.IVT=O&\!3[/#NMK5[MY)9YV
M60$JK>O?M,?LO_%7]N7]F#]F^778O"/ACX@^$?&WA'Q_XRL7EGALH'LB)K^V
MM=HF8N'9EC5VP<?-(.IZX^S=2DX?#&<.9/K!U9+7J_W<>:7572E=WOC[ZC54
M[<SC*UME)4XMV_[??*NCU:.<OO\`@I'XN^(O_!0;Q'\*O!7B?X">'=/\"^)M
M.\-W.A>,]2FM_$7CAI+1+S49-):*8;'M8IX56,VMP)'#[I(!BM6+]I?X\:=_
MP5%\,_!*+Q+\(_%OAQ]#NO&/BXVG@?4=*OO#6D&5[>PB6Z;6+B*>[GN`5P;=
M%$<,DF!E5KA_VA/^"2OC'XB?M&>-Y_#5UX!L/`7Q4^(/A;XCZYK=W-<+XCT.
M\T41[K6TMD@,,Z3FVBQ,]S"8?M5U^[ER-WN_[+W[(GB3X2?MM_M&?%?Q-?:)
MJ$?Q8OM%B\/"TFEDN=/TS3[`0^1,KQJL;&=YGVQLZD,&)#$BL,*O<A*INKM^
M;Y(+[O:.32?V8.UHR2*Q'Q34=G9+R]Z6_G[-*[7VI133LSZ+HHHI@%>`?#G_
M`)2F_&3_`+)5X#_]._C.O?Z\`^'/_*4WXR?]DJ\!_P#IW\9T`>_T444`<-^T
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ML7_!/+]HWQE^UA^Q#X$^(GC+PG#X2\7>)=->XN--`FM[:9ED>..YB60-+%;W
M*(D\:OO=8YD!+D;F\8^!G[6W[2.M?M1_$/X2>)-$^"?BGQ-H/@9?$L%YX8FU
M.TT3PGJ\UU*EIHFJ7DOGR3/-;&"Y$J6UO)L60_9RK1O2?LE?L]_&;]A3PY\)
M_AOH<?@O5[+QIXB\5^)?B'=QV-_<6/A=KPSWMM#IK[H8Q;Q7<T,&R;9).A9T
MB3]Z8HM'_9(_:1^(?[36F?&3QI>_`SPW\0?A_P"`M6\*>&Y-`DU74=*\17M[
M<Q2K<ZA;RI;S6UK&MN@%LEQ<L'GD?SOD57UJR3JN35HM2NEK9\DM$UNU/E2:
MM=V:]WGBXBFHM+5W5O->T2UOJER*3L[M)VD^;E9P6I?\%/?C_P##;X`_M(WF
MJ^%/AU\0/$GP0O\`1]-@\5^$].OX/"K3W4<(U59H'N9IY1HSM*]R8YT)C4!U
MMF5]OT#_`,$QOVN_&7[7G@'QW?\`BJ'PKJ]AX6\6W>A:!XS\*VD]IX?\=V,2
MHRZA91S33MY:NSPLR7$T320OLD."!\X?'G_@DK\8OVOI/BOX[\::A\,/"/Q'
M\86?A*VTWP_H>IW^I>&M2;0;UK_=J4\MK!*RW4KF':L$AMXHT(:<DK7T[^P'
M^RUXQ^`6M_&'Q;XYG\,VGB#XQ>,G\5SZ#X<NY[W2M!`M+>T6..YFA@>XED2V
M6664V\.7<C:0H9KI/XG4M?E:TVNG346O\2YY6WCJIMMQ:SJ?94+VNO6W++F3
M])<J;VD[."BKI_15%%%9EG@'Q&_Y2F_!O_LE7CS_`-._@RBCXC?\I3?@W_V2
MKQY_Z=_!E%`'A_\`P3*_X)\>`O&G_!-O]GS6;S7_`(X0WFK?#7PY>SQV'QG\
M8V%HCR:7;.RQ6\&II#!&"2%CB18T&%554`#W#_AVG\.O^AC_`&@/_#[>./\`
MY;5\`7G[7'B7]D7X!_\`!.+Q!IE_KESX=TOX`ZYXBUGPW:ZO+8V7B0Z;X,L+
MJ"*X"AD;:ZML=XW\LN6`SP?5OBE_P6"^(?CKX`_$/2K/X<Z7\/\`QAK/[/5S
M\9?!NI6_C%M0,-J8MDBS_P"@((+NW:1)$5/.CE(4&2++%<IU;4752O92=O\`
M#[1[[:JG-^B-Z=!RJ0@].=I)^LHQVWT<X_?ZGU3_`,.T_AU_T,?[0'_A]O''
M_P`MJ/\`AVG\.O\`H8_V@/\`P^WCC_Y;5\)_`K_@LHW[&7[.OPV\!ZU;^#=8
M^(+_``OM?B5XAO/B'\=+FV&IK=(#;VUC>ZI;337.HW*I)*;/$-M;[D19V5MP
M]E^&_P#P7,OOCW:_&3Q+X`^%.GZI\-_@WX$LO'5[K&J^+FT_4=2BO-!?5;>U
MBLH[&=5E#H8)2UP%0?.ID/[NNG$05)U+NZI\W,^BY6T_QBTNKMM?0YL,Y5N1
M16LTFEZ\MOG[T?OZK4^A_P#AVG\.O^AC_:`_\/MXX_\`EM1_P[3^'7_0Q_M`
M?^'V\<?_`"VKQ?XA_P#!8^^^"7[&/PJ^*'C[P-X(\(:U\<-6TZQ\(Z5??$$0
MZ3:VMW:K=?;-7U26QC6Q2*$2EQ%#<_,(E5F,A\OF_@7_`,%X[?\`:I^)^A?"
M_P"&G@;PGXN^*USK&LV6LP67CZ.X\+:?8:;%#*VI6VKV]G*UW%<+=6RP+]EB
M8R&59/)\K+3.$HRG3M[T+IKLTDW]R:;[==F)3BZ<:M_=DKI]T[V^]II=WHKM
MJ_T9_P`.T_AU_P!#'^T!_P"'V\<?_+:C_AVG\.O^AC_:`_\`#[>./_EM7G/_
M``03^*?B?XS_`/!,'P3XC\8:YX@\0^(+W5_$"7%[K5^]]?%8];OHXXWE=W+>
M7&B(!N("H`.`*^Q:=2'++E9;TE*/\K:^YM?H>`?\.T_AU_T,?[0'_A]O''_R
MVH_X=I_#K_H8_P!H#_P^WCC_`.6U>_T5`'@'_#M/X=?]#'^T!_X?;QQ_\MJ/
M^':?PZ_Z&/\`:`_\/MXX_P#EM7O]%`'@'_#M/X=?]#'^T!_X?;QQ_P#+:C_A
MVG\.O^AC_:`_\/MXX_\`EM7O]%`'@'_#M/X=?]#'^T!_X?;QQ_\`+:C_`(=I
M_#K_`*&/]H#_`,/MXX_^6U>_T4`>`?\`#M/X=?\`0Q_M`?\`A]O''_RVH_X=
MI_#K_H8_V@/_``^WCC_Y;5[_`$4`>`?\.T_AU_T,?[0'_A]O''_RVH_X=I_#
MK_H8_P!H#_P^WCC_`.6U>_T4`>`?\.T_AU_T,?[0'_A]O''_`,MJ/^':?PZ_
MZ&/]H#_P^WCC_P"6U>_T4`>`?\.T_AU_T,?[0'_A]O''_P`MJ/\`AVG\.O\`
MH8_V@/\`P^WCC_Y;5[_10!X!_P`.T_AU_P!#'^T!_P"'V\<?_+:O#_\`@F5_
MP3X\!>-/^";?[/FLWFO_`!PAO-6^&OAR]GCL/C/XQL+1'DTNV=EBMX-32&",
M$D+'$BQH,*JJH`'W?7@'_!)W_E%E^S3_`-DJ\+_^FBUH`/\`AVG\.O\`H8_V
M@/\`P^WCC_Y;4?\`#M/X=?\`0Q_M`?\`A]O''_RVKW^OFG_@K-/\3;?]CJ]/
MPN3Q:^H-K>E+KY\*>8?$"Z";R,:F=/$0,QNOLWF;?(Q,,DQ'S`N9E*UEW:5W
MLKM*[?1*]Y/HDV4E>_DF_-V5[)=6]DNKLC7_`.':?PZ_Z&/]H#_P^WCC_P"6
MU'_#M/X=?]#'^T!_X?;QQ_\`+:OE/]C75=9_;*\*?'_X?OXN_:3B\(?!7XB1
MW/ANS@UJ\\.^+_$.FR:;#>QZ+=7VH-%J2H9I7VF>ZMI]DD*R3(@*CWK_`())
M?%S6_&G_``3.\-WOC#XAQ^+O%WA6+4M&\0:W>).\^F75E<SQM;7C3I')-<6J
M*D4TS+^^>)I`SAQ(Q.:C2E5?2,9VV?+**E?LFKI2ULFU=ZJZBFYJ"_F<+].9
M-K3NGRW75K9.TN7LO^':?PZ_Z&/]H#_P^WCC_P"6U'_#M/X=?]#'^T!_X?;Q
MQ_\`+:OA?_@B]\8?B/XN_:D\`3>*?B1XYU+3O'GPWU;6[P^)M=OM2TSXG7L6
ML[4UK0;6?<NF6<4$J`P.EE*R3P8M&1#,/UGK:=-QBF^M_P#R64HO\8O=)K9I
M--+.,TY2BNEOQBI+;39]&T]TVK-^`?\`#M/X=?\`0Q_M`?\`A]O''_RVKP__
M`()E?\$^/`7C3_@FW^SYK-YK_P`<(;S5OAKX<O9X[#XS^,;"T1Y-+MG98K>#
M4TA@C!)"QQ(L:#"JJJ`!]WUX!_P2=_Y19?LT_P#9*O"__IHM:S+#_AVG\.O^
MAC_:`_\`#[>./_EM1_P[3^'7_0Q_M`?^'V\<?_+:O?Z*`/`/^':?PZ_Z&/\`
M:`_\/MXX_P#EM1_P[3^'7_0Q_M`?^'V\<?\`RVKW^B@#P#_AVG\.O^AC_:`_
M\/MXX_\`EM1_P[3^'7_0Q_M`?^'V\<?_`"VKVGQ[XC?P?X%UK5XX'NI-*L)[
MQ84&YI3'&SA0.Y.,?C7YB_\`!*W]H3QZ?CO^S3>ZYXU\;>+(_P!ISX4ZSXQ\
M4V>L:Q=:C8V.JVM[;SPSV<4TCI81"*]DM_)MA%$RI#E"R@@I/GJ.FOZ]V<E]
MZIR^=NC;2JODI^T?]>]"+^YSCZJ_;7[1_P"':?PZ_P"AC_:`_P##[>./_EM1
M_P`.T_AU_P!#'^T!_P"'V\<?_+:O`_\`@L7X&D\9?$[X.>`_!?B_XJ>$OBC\
M<?$\6A1:EX=^(NOZ1#H.BV,;7>IZA%86UY'9/,D*K$&DA;+7"%MVT"O)=?\`
MVK7O/^"A?Q';Q_XF_:,\->#OA5\2?#/@3P[J_A76E@\-Z/YUG;ND.LVLDQ^W
MKJ-U=%'F:UN7B7R?WML&5BJ#]I-0V;=OE>$;KOK4BDNKYDFVK-UW[./,^U_P
MD[?=";OT23=DS[6_X=I_#K_H8_V@/_#[>./_`);4?\.T_AU_T,?[0'_A]O''
M_P`MJ]_HI@>`?\.T_AU_T,?[0'_A]O''_P`MJ/\`AVG\.O\`H8_V@/\`P^WC
MC_Y;5[_10!X!_P`.T_AU_P!#'^T!_P"'V\<?_+:O#_VK_P#@GQX"T+X\_LR6
ML&O_`!PDBUKXE7EE<-<?&?QC<R1H/!WB6<-"\FIL]O)OA0&2$I(8S)&6,<LB
M-]WUX!^V1_R<5^R=_P!E5OO_`%!_%=`!_P`.T_AU_P!#'^T!_P"'V\<?_+:C
M_AVG\.O^AC_:`_\`#[>./_EM7O\`10!X!_P[3^'7_0Q_M`?^'V\<?_+:C_AV
MG\.O^AC_`&@/_#[>./\`Y;5[_10!X!_P[3^'7_0Q_M`?^'V\<?\`RVH_X=I_
M#K_H8_V@/_#[>./_`);5[_7CG[;O@?PMXB^$#:[X[^)/CCX;^!?`[OK^NW'A
MSQ)+X=%_;PQ/F*YO+;;=I""=^RVFB9V502P^0YU:BA%SEHENWLEU?R6I<(.3
MY5J^ENKZ+YO0P_\`AVG\.O\`H8_V@/\`P^WCC_Y;4?\`#M/X=?\`0Q_M`?\`
MA]O''_RVKEO^".VJ_$CQA_P3[\-ZE\1[OQ4FHZU=:C=>'W\12>?X@M]"DNI3
MI?VZ23<9;H6AB9GDW.<KORV[/BOPU^$WBCX0?\%&?$_P4N/CI\<=.\._$'X8
M7$FG7_B;Q)_;&N>(]72^,ESJ^CR/%-9::+2WNEMV@6*VW-Y3I:LD0G.TX253
MV5O>:;2>CNHN3B^S233WL^\5*4<XRBX.=]$TKK56<U"Z?5.]X]UV;2?TG_P[
M3^'7_0Q_M`?^'V\<?_+:C_AVG\.O^AC_`&@/_#[>./\`Y;5XK_P3!UK5]3_;
M*^/>G>"_%OC_`,9?L^^$H]+T#3-3\6>);WQ(U[XF@64:J;&]O)99F@C'D1RJ
M&\D3A_+"@,*^Z:&DXQG%W4E=>CV?HUJN\6GI>R2;YI1:U3L_6R;7JK\LETDF
MNAX!_P`.T_AU_P!#'^T!_P"'V\<?_+:C_AVG\.O^AC_:`_\`#[>./_EM7O\`
M14E'@'_#M/X=?]#'^T!_X?;QQ_\`+:C_`(=I_#K_`*&/]H#_`,/MXX_^6U>_
MT4`?"'[*'_!/CP%KOQY_:;M9]?\`CA'%HOQ*L[*W:W^,_C&VDD0^#O#4Y:9X
M]35[B3?,X$DQ>01B.,,(XHT7W#_AVG\.O^AC_:`_\/MXX_\`EM1^QO\`\G%?
MM8_]E5L?_4'\*5[_`$`>`?\`#M/X=?\`0Q_M`?\`A]O''_RVH_X=I_#K_H8_
MV@/_``^WCC_Y;5[_`%#J-M)>Z?/!%<S6<LT;(D\(0R0$C`=0ZLI8'D;E(R.0
M1Q2;LKV&E=G@W_#M/X=?]#'^T!_X?;QQ_P#+:C_AVG\.O^AC_:`_\/MXX_\`
MEM7SY^RMI>M^`/\`@K!=?#[X=?$7XL?$7P'X$\#S)\5-3\8^*KKQ!:-X@GN(
MY-/AA\Y_)M+X0F>26*SCA@6)X@8U;:!<_P""V&C77PX^%FH>-/#?Q)^,]M\8
M?$T=GX5^%7@_PSXKGTVQN->:??'*+&W,27H()>X^W&>%8(6`5,G=+G[E.IOS
MWVWOS2BDMK\S2Y=KJ2;L.,;U)T[VY;:O;5*3;?113?-O;E>Y[O\`\.T_AU_T
M,?[0'_A]O''_`,MJ/^':?PZ_Z&/]H#_P^WCC_P"6U?GM\>/C=\6;;]O;7;J7
MXL^*K9?!_P`1?`7AVY\1Z9K-]:>!?""7-LJZCH>H:4I\N\N[R>8%)Q;SQQ_:
MK7S;NT,90=%^S_\`M3_$"\_:)^%/Q4N?%WCF[E^+'Q]\7?#+5_#5SJ]U-HMO
MHUM'>1V4<6GO(;:VFMWTV*0SPQI*_FSAW<,0=:4>>48I[[6U6KI*/WNM'Y)R
M5XN+EE4J<D'-K97MUVJ-W]%2EIO=J+2?,H_<_P#P[3^'7_0Q_M`?^'V\<?\`
MRVH_X=I_#K_H8_V@/_#[>./_`);5[_14EG@'_#M/X=?]#'^T!_X?;QQ_\MJ\
M/\`_\$^/`5U_P4D^+&C/K_QP%G8?#7P7>Q2)\9_&*7;/-JGBQ'62X&IB:2,"
M!"D;NT<9:5D56FE+_=]>`?#G_E*;\9/^R5>`_P#T[^,Z`#_AVG\.O^AC_:`_
M\/MXX_\`EM1_P[3^'7_0Q_M`?^'V\<?_`"VKW^B@#P#_`(=I_#K_`*&/]H#_
M`,/MXX_^6U'_``[3^'7_`$,?[0'_`(?;QQ_\MJ]_K\L?V$OVO)?C#^U_IWBO
MXC>(OVA=!UKQ9\3_`!;X2\-/%JL:?#[4TL&FAM]"FTXS/LN([:V:X%RMK$7F
M$BFZD96B"@^:JJ2[-_C&*7JW)?DKRM%E1\M-U'WM^$I7]$HOTTO:-VOL_P#X
M=I_#K_H8_P!H#_P^WCC_`.6U'_#M/X=?]#'^T!_X?;QQ_P#+:O#O^"L%W\08
M/CQX(66?XV6/P9'A+7I+B[^&']JG4(/$X2/^S6O/[+`N1:K&9ROFM]C,N//`
M"J:^#_BY^W7\8?VE/@?X4\=1_$GQW8ZYIWP$T?Q;>3^%]7O-"T[X>ZN^J*L_
MB'7;>U"IJ%E<0PLRVL4-ZX2*?%I&CB8S2FI_?9^6E1Z]$[4F]6ERRA)NS?+<
MH-24>^WGK37W7J):7?-&44FTK_K#_P`.T_AU_P!#'^T!_P"'V\<?_+:C_AVG
M\.O^AC_:`_\`#[>./_EM7SM^W?H7B;]GSXQ_!?XQ6?QF^)UKIOB/QSH%IXCU
M6[UUV\!Z1I#PM:R6"Z/:C:[ZE-<1^7<30S&&4*[75NJ('_0BMG#W6^TG%^J4
M7^4EO9WOI;ED\(U%+EMM**DO1N2_]M^YKK=+P#_AVG\.O^AC_:`_\/MXX_\`
MEM1_P[3^'7_0Q_M`?^'V\<?_`"VKW^BH-#Y`\)?LT^'/V=_^"IOPO_X1_4OB
M!J']L?"KQOY__"3^.]<\4>7Y6K^$-OD_VG=W'D9\QMWE;-^$W;MB;2O0/B-_
MRE-^#?\`V2KQY_Z=_!E%`'P?\&M8_8U_:K_8%_97A^)7[3'PZ\*>)?AY\%_^
M$0FTRW^(FAV,]H=7\.6VFW\=S%<%W2XA5"$4[=D@.]7`VUZ1JNE?L'ZPEJLO
M[6/PW46GP:N/@>FWXG^'AG19@@:X.?\`E]'EC#_ZKD_NC7Z3T5+@N5QMH[_B
MII_A4FO^WF:*K).,D]8[>6L9?G&+]4C\U]53]BZQD\,7O@K]MWPM\,/$/A[P
M%;_#:YUWPQ\4/"ZW^NZ-;A?L\=R;J*>-)XF#LEQ;1P3*9GP^`@77TS6_V&-)
M@^.T47[6/P\G7]H/PY9>&/$3WOQ;T>_N+6VM=+?3(Y+>>XD>9IV@<L\MR\[/
M)\QZD']$:*NJW44E/7FO?S4GS->C;;MW;?5D4G[-Q=/3EM;Y6M]W+%*_1);)
M'P#\0_B3^Q)\0?V<_A=\/1^U=\+-%E^#$NEW?@WQ/I_Q,\/KK>C75A"+>*X!
ME+VTK/"7CD26W>)UE;]V"%*\SJ=_^Q[JVM^$?$T_[>&F3?$KP?J.J7UOXXG^
M+OARYU>XAU%%CN[`PRH]A#9,D<(6&VM(1$T*O'LD:1W_`$DHISFY2E.6KDVW
MYMI)_P#@224EM)))W1$8J,(PCHDK+R2O9?*[:[-MJS=SXH_8C_:=_8Q_8)_9
MNT3X7>#OVI?A!J?A_0;B]N+>XUOXFZ+=7SM=7<UW())4E0/B29@"5W;0-Q8Y
M8^L?\/8OV6/^CEOV?_\`PX>D?_)%>_T42DY.\G=C2W\VW\V[O\3P#_A[%^RQ
M_P!'+?L__P#AP](_^2*/^'L7[+'_`$<M^S__`.'#TC_Y(KW^BI&>`?\`#V+]
MEC_HY;]G_P#\.'I'_P`D4?\`#V+]EC_HY;]G_P#\.'I'_P`D5[_10!X!_P`/
M8OV6/^CEOV?_`/PX>D?_`"11_P`/8OV6/^CEOV?_`/PX>D?_`"17O]%`'@'_
M``]B_98_Z.6_9_\`_#AZ1_\`)%'_``]B_98_Z.6_9_\`_#AZ1_\`)%>_T4`>
M`?\`#V+]EC_HY;]G_P#\.'I'_P`D4?\`#V+]EC_HY;]G_P#\.'I'_P`D5[_1
M0!X!_P`/8OV6/^CEOV?_`/PX>D?_`"11_P`/8OV6/^CEOV?_`/PX>D?_`"17
MO]%`'@'_``]B_98_Z.6_9_\`_#AZ1_\`)%'_``]B_98_Z.6_9_\`_#AZ1_\`
M)%>_T4`>`?\`#V+]EC_HY;]G_P#\.'I'_P`D4?\`#V+]EC_HY;]G_P#\.'I'
M_P`D5[_10!X!_P`/8OV6/^CEOV?_`/PX>D?_`"17A_\`P3*_X*;?LV^`O^";
M?[/FA:[^T'\#]%UO1?AKX<L-0T^_\=:7;7=A<1:7;)+#+$\X>.1'5E9&`*D$
M$`BON^B@#P#_`(>Q?LL?]'+?L_\`_AP](_\`DBN*_:#_`&^OV5_V@/A5J'A?
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MB?\`X0O1+KPUX-T_Q!\4O#\UGX+TNYN/M$UG9B'RI)%9EB3S+M[B41P1J)``
M=WTW_P`/8OV6/^CEOV?_`/PX>D?_`"17O]%6Y-I)O:_XMM_-MMM[MMMZLE12
M;:6]OP22^Y))+HE8\`_X>Q?LL?\`1RW[/_\`X</2/_DBO#_^"97_``4V_9M\
M!?\`!-O]GS0M=_:#^!^BZWHOPU\.6&H:??\`CK2[:[L+B+2[9)898GG#QR(Z
MLK(P!4@@@$5]WT5(SP#_`(>Q?LL?]'+?L_\`_AP](_\`DBC_`(>Q?LL?]'+?
ML_\`_AP](_\`DBO?Z*`/`/\`A[%^RQ_T<M^S_P#^'#TC_P"2*/\`A[%^RQ_T
M<M^S_P#^'#TC_P"2*]_HH`^?+O\`X*K_`+*=_:RP3_M)?L^303H8Y(W^(.CL
MKJ1@J0;CD$<8KY=^!]I^PQ^S_J6K7.@?M?>`T/\`PC%]X-\*JWQ4\/Q'X=Z3
M=W$ES+;Z0\.R1&\UXRLUTUQ,HMH5#[5(;]):*EQ3OYIKY--/\&U?>S:V;O2D
M]O-/[FFOQ2?JD^B/@O0_C/\`L::;\7O@SXZU#]K_`.'GB3Q+\$?#-YX8TF\U
MGXJZ'>2ZNEW#!%/>7[LV^:[9;=294:,$O)E3G`P?C!K7[#/QI^.MWXSU/]K#
MX9V>FZWK&D^(_$'A*Q^)^@1:%XEU32QBQO;H$M="2/9!E(+B**3[+#YB/M.[
M]$J*T<VY*?5-M>3<N;_TKWO)V:U2,U%*,H]&K/TMR_\`I.GIIU9X!_P]B_98
M_P"CEOV?_P#PX>D?_)%'_#V+]EC_`*.6_9__`/#AZ1_\D5[_`$5)1X!_P]B_
M98_Z.6_9_P#_``X>D?\`R11_P]B_98_Z.6_9_P#_``X>D?\`R17O]%`'@'_#
MV+]EC_HY;]G_`/\`#AZ1_P#)%>'_`+5__!3;]FWQ'\>?V9+S3OV@_@??V>@?
M$J\O]3GM_'6ERQZ=;MX.\2VZS3,LY$<9GG@B#M@&2:-<[G4'[OHH`\`_X>Q?
MLL?]'+?L_P#_`(</2/\`Y(H_X>Q?LL?]'+?L_P#_`(</2/\`Y(KW^B@#P#_A
M[%^RQ_T<M^S_`/\`AP](_P#DBC_A[%^RQ_T<M^S_`/\`AP](_P#DBO?Z*`/`
M/^'L7[+'_1RW[/\`_P"'#TC_`.2*\)_;\^-7['?_``4-^&>@^$O$O[8WPX\*
M:1H6O6OB'R_#GQ(\,JNI7%LV^".ZCO%N8IX$DVR>4R;&=$+!MH%?>M%)K5/L
MTUY-.Z?R:3&GHUW33]&K-?-.Q\-6G[4_[-5WJ_@>_P!>_;^T7Q)<^"KC49I/
M,^*WAG28?$:7EL8/)U"'38[6*9(`?,@*)&\<F'WL0*\VT6+]CRS;5[O5OV][
M3Q5K]QX2OO!.A:_K7Q@\-W.K^#]-O9!)=?8;D1J[W#E(A]IO#<SA84`D'.?T
MNHI3@I7NMTU\FFG]Z;5][-KJ[N,VK-/:UOD^9?\`DUGZI=E;X*_87^/7[*7[
M!?PRTSP1H/[;_P`/_%?@K0-.CTW1M$U_QSX,CM])C5BV^.2PMK6:21B3N:>2
M3<26/S$L?=O^'L7[+'_1RW[/_P#X</2/_DBO?Z*UG4E-\TG=]^K]>YE"$8+E
MBK+^MNQX!_P]B_98_P"CEOV?_P#PX>D?_)%'_#V+]EC_`*.6_9__`/#AZ1_\
MD5[_`$5!9X!_P]B_98_Z.6_9_P#_``X>D?\`R11_P]B_98_Z.6_9_P#_``X>
MD?\`R17O]%`'PA^RA_P4V_9M\.?'G]IN\U']H/X'V%GK_P`2K._TR>X\=:7%
M'J-NO@[PU;M-"S3@21B>">(NN0)(9%SN1@/</^'L7[+'_1RW[/\`_P"'#TC_
M`.2*]_HH`\`_X>Q?LL?]'+?L_P#_`(</2/\`Y(J#4O\`@JO^RW?Z=<01_M/_
M``&LY)XVC6XA^(6BF2`D$!UWS,NX=1N4C(Y!'%?0U%3**DG%]1IV=S\Q?V<K
M[]E_]C/X*>+?"/@#_@H#H>K6'B"UUBX%CKGQ0\&P-/JM^KE]0DU.VL%U`7(E
M8,)C+)L(7Y'"JE4[>P_9AU3XC?"WXAZG_P`%%=)@^)OPR\"P>"K?6+7XC^#K
M^&4>6@O+T1ZI;7A%U=.H,LY8R,H"[MHP?U&HJU)WYNNGRLI17_DLY)]U9;)"
M>J:?5MOS;<9-OSYHI^MWNS\U?%VD_L+^./C/J'BW4?VOO`#Z?XBUO2/%'B;P
MO'\3_#<6B>*=:TM%6TU*Z55%PDH:.%WCMIX8)'MXR\3`$'8\`:O^PG\.?VEH
M/B/8?M3_``I>WTW7-3\4Z/X2D^)7AX>']#UK4H4BOM2@1"MR9I5$ORRW$D*&
MYF,<:%@5_1*BB#Y6G'2U_P`>5?E&*791C:W*K*24K\VO]/\`%\TKO=\TKWYG
M?P#_`(>Q?LL?]'+?L_\`_AP](_\`DBC_`(>Q?LL?]'+?L_\`_AP](_\`DBO?
MZ*0SP#_A[%^RQ_T<M^S_`/\`AP](_P#DBO#_``#_`,%-OV;;/_@I)\6-=F_:
M#^!\6B:E\-?!=A::@_CK2UM+JX@U3Q8\\,<IGV/)&ES;LZ`DJ)XB0`ZY^[Z*
M`/`/^'L7[+'_`$<M^S__`.'#TC_Y(H_X>Q?LL?\`1RW[/_\`X</2/_DBO?Z*
M`/`/^'L7[+'_`$<M^S__`.'#TC_Y(KYK\/ZS^PUX=_:+LOB!'^UA\,[BQT;Q
M)?\`C/1O"$OQ/T`>'M%UV^A\J[U*%4*W32R!YV\N6XD@1[F9DB0L-OZ)T4DK
M2YUO:WXI_FDUV:36J0V[Q<'L_P#)K\FUYIM;-H_,GPQXT_9]U[]GKPIX8\6?
M\%$K&R\0Z.FMV^IZAH_QNT:].LV>IW$LALKLWZRQW/V>)UAAN1!#-&$S&80V
MT-^+7P^_X)^_$J6"WTG]J;X9_#_P_<^#K3X?:]H7ACXH>'X+#Q5H%K('@L+S
MS_.F55'F1^=;203E)I%,IR,?IQ1197O;^K-6?=6E)6>GO2T]YW)2;;E?7_@J
M5UV=XQ=UJN6-OA5OSK\?>)/V,/B7\3+;5-8_;5\+WO@JWUG2_$`^'EQ\7M"N
MO"_VW30IM&1)B]W!$DD<4IMX+F.!Y(U+1L-P/TK_`,/8OV6/^CEOV?\`_P`.
M'I'_`,D5[_15<SM:_5OYNRO]R2]$ELD0HI.Z72WR5W;[VWZMOJ>`?\/8OV6/
M^CEOV?\`_P`.'I'_`,D4?\/8OV6/^CEOV?\`_P`.'I'_`,D5[_12*/D#PE^U
MC\+/VH/^"IOPO_X5G\2_A_\`$3^P_A5XW_M+_A&/$-GJ_P#9_FZOX0\KSOL\
4C^7O\J3;NQN\M\9VG!7U_10!_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>85
<FILENAME>g147201koi001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201koi001.gif
M1TE&.#EAR`!H`/<```(!`P8&"0<("P@%!P@'"0D*#0D(!0L-$@<*$@X1%0X3
M&1`-#A(.$102%!D5%AP:&Q86&1,0#1T>(B$='B(?(24B(RDE)BHF*2TJ*R0E
M*RTK,S$M+C8Q,CDT-3XY.CLW.C,O,A\B*4(]/40_04U,/$9"0TI%14M(2E)-
M35%/055145I555U96E)146)=76)>8FEE6FIE9&YI:F=C9')M;'-N8WIU='MV
M=G-O<#H\1'AZ@W^"AYD:&YT<*9H;-YLI,J,;'*@>)J0>,ZPD+*<D)Z0D-*PE
M,JTI,ZPJ.J@G.K(F++0I+;<I*;$F,K0I-+4K.[HK-+HM/+(F.[PQ/+8T.Z\Q
M.+(C'*@I1ZHU2*TW5K0M0;LO0;0I1KPQ0[TT2K<V1K8[5JHL4:H[8YPI1X-]
M?(-\>)QD<K=)2KA&6*M)5;=)9;I7=;11;JQ:9L$N.<(R/<$P-,`L+<(S1,,U
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M^OSY]OW]_?#T^>[Q\+_`PB'Y!```````+`````#(`&@```C^`/D)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+!O?AX[>/7[^.'$'N^R@2Y$21`O7M6ZDO9,>6
M`DU:E(FQILV;.'/JW,FSIT5E9"A10B2TDE%+EC9AVI1)D]-0HTY)XU8/XK53
ML*(Y>^8LVC-HT*I!DV:-;+5JU[AQ8[>Q(KZW-'W*[=D1!X"[>//JU1N@0`,,
M*TA59;@"@`$#`A`3&&"`P&$!!0X78+"@P8,*'6(H@PE1F@<,%A#-'3W7;@/(
M!0($$`!Y=8'7K%D;<$W`,`IH'',?+%P@M@`"`0@0$'`W./````8`O\O`PR:4
M"CN2`5``0(5KNDEKOVF#^N/@JF/^&X"-.G&!"'Z)4_BTL`4`]'['_W8<X''C
MQXX+))A=`(6S[`>U5(X%`C20``"5;*?@37:]!H!PPO7UV&N(]19;;^,98!@9
M"KGW6@.]19#8<?,A!Z%PB$%&G`/L,43)`+T=```'["QHHT5VS28<`/7QJ)P`
M]2&68F(I5@A``Z$DY.%XM8VWP&Q"'B;D:Q3*%@$`#IP"8$'K7-!7`0<<0``F
M6]YHYD(R``!D<E`N!F%C>$D(9&(')/#:`-<AI()AO_&8V%YX058A:_6A!@`&
MV"6$"0`+H-8``"5P=N:D"L5@&(2%LJ@,++`H8PHF99!PI8JJG4<D`#8@A`)U
M.\(Y`1G^D9111@TPD/"`ABHFMAJ(?@$@0T)='MG;:PL`(`JER"9DJ7S`U49!
M6P6E`PH)?`I):&T/5,./I/R<<.D``P0'@`D%W7./.-->265D0C9@``7M((0(
M``R,^-J5+"2;VTH,<9M0/>V8HPXWY*RS3CO^(L2"FKXU-D&-`'94SR5V@LA:
ML[61:9"W!>SHV+@"D430/<N(`".8*E((P"@'.>-`<!4.:\`"I)2I8%P1W?-.
M-[T,LPHKDDCBB2>R%$---_%`R]#""\#7V@1*'V1#``XD]N>.+AQ4`G6J`5?=
M"0GEP\\U&P"@P`'EL08`#@=9*N8!ZT(&0-8VZUM0/N-\(\S^+JL(TH8A/_Q0
M!1J"T")+-_7@W-#"(,I7W0/^)-31@*M=;!P`'="T3PY'SK<C"@IM9$H""32`
MMH5?BTW0.Q=0)X"8Y54'031V(T3/.,88\THB:O@`!!!!$&&((,0,(PXZ_%[T
M`@!PIYA:!5$?=`/#Q\T&P`:J$[0UW,-%!@#8"K6T,)6LW8E!.06=0D#'$*8\
MGJ^4MJ222/1LT\HB?H`Q1A)!`&_$&8'0!3.8<0YXV,,>*TE>12Q%GJ=%CR`=
M&85C@-2Q'H&`)OKP%MH@@P`&`*`%#0E%`,*$FC`!0`+8*,@,`H``"J:F+Y`Y
M0``>8`TS@00F[-"&+/RP!C0DH0?^0"!"$,^PAUGX@AG@2(<2TQ$.=!A0@169
M`77(AQRH,41]J('`;XBS`0QR[#4(6-\')9<;:,!M6!P,``6X01!G/*`OI4+`
M:TKEH!MLRTSS&`<R6-&&-/R0"$Q8`A.8`(="&!&)X$AD$M.!#B?&`QX)5![S
M7G-&ZSRP(+`8UAS5=+WLQ81C!U#`V62$`L41!!L*:(UK4K.!=1"$@<1!#96"
MXZ`-L%%!^JA?,0XA!A\4`0I3>(,;E``%*OS!%KX(!C.\<0QO.-,;B4P'/)R(
MP'R\Y(X3<<%[R`>D9T6''ZCXTAP1`[*"[.,$`;!3G43YO89@`P+I1$T+`4`"
M>N1&&O#^[-BP_#0L!!C`@Y202_+RN,LUJ`$+5W`"%`2YA"5\X0]&]`4P@@$,
M8`ACF=X(!S@T>HY&&A"!^[@'3?)!CW6H11S=0,=&;CB0A2D@`;(,`/08,KTS
M_L9![)%)/]")@)XFX*4``-T5^R+'T\DH$@3A3<=D5`$;="QF!$`;""Z)DWF0
MPQ5L\,$3L%`%*@1S"DH@0AZ.Z8NR[F(8PPA&,(3AC64F\AP=A4<\YN%)?KAC
M&ZYPA2,\P0I9]$(<YC!@0I9GI]<YJ`*14X@Z-$"=,"'@`.ZRP"T+XJV7VHET
M[<1F1O@QG0VVICJFR,T_&-"7]7D0!O700%_."*86XL:4%Z'^!S(<L88PA($+
M7NA"%YS`!"4HX0UYF(0M:F&+7>#B%[]8JS#8JLAP=%0><[T=.9"1#$<L@@U8
M.$,;)I$+9J1#I#%)2&%(QQH2(G8A.G#=&3%;@X/L8VL*Z&E/%1#4;W*C=9ZM
M4P`FH([<+`],!A+``I;!CYIJL@&/LN-.^H&,18@A#%?0@A>0\(4G!%,)2\@#
M(6PQW%K4`A>^R(4OA*'6`4(S'/)(<=YFNP@U9$$(0?@"\;QKKH[`=B#+"Q,E
MT4:!Q!JD'^!\K";E2+5G($2#KTF`"87J7H'818YR?!T$`!"#W%3CC?HIW0!.
MT!%G0`!,!9!OF">00B!?)'G98$7^%A(J!RI0@0Y?#:L;^#`(5<PB%[40\2YV
MX8MA`(,9;/W&-\)QC&/<XA5]2`,6BM"#'YP!$+8@X$?O8<T##L24_XV;)1."
MBA#HATI*EE&"CFPV!(CRL?55R`[DJ$G(`D`$;.Q(>L/,:@(DJ2.$#7.8PQ2`
M3N!$'\5XL""A0(>%3D$.4X`"$=[PAT$,(A"JZ/">^8S<9GX#&;Q81!_0\(4B
M]$^LA)B%,,#A1'0PTESHOD=#"J/CJ!YHIOL2B#IT$%_'/M:$+8B7O\Y9Z@0@
M8(2I-K-'/)(-'+1P@TD60`1"VQ%N9&"*:N.`OOEQ"C"_[@"H-L$[;/*-5Z2A
M"%1XPQ+^H!`'AM*!"7&@`R$(,8A9J$*XM3#N+JI]C%_0P@][X$(1K*"$)BP;
M#T:$YD:="U='VL.:T%$8\S9HP@PHK1_92`7G6!AF`3R6."4PAT),D$Y1^EM&
M^3((-C3Q@<J!V4[4N81'.E*)*;)0U-BLQP16ZUBX+0`6&-&',=:`A2,L`<-3
MF,(0%"I()N#A#XAW=B`",8L\SQP7N'C$'M#@`R(`<@E$@,(="*$+B[)5Z!N-
M*SSN0=<;M_1(=B(?!'!P@QO(X`4G"`$"`-!3UZC&.C28K'MS$("SD4[)'\P&
M-++QCW]D0@8:^'>H/TV=#;`L-]Q@K"8!8('^$F1\8((;JF?^4)&.D&,164`"
MLH_PYBYX00YS@$(QQXIX0@3B$8RW!>1I`8A%&^$)3^C"&YA@A2GD81:ZL`NZ
M(%'*Y$RAYU'V``_6E##Z$`_K4`[M(#:K@C*5,QR`L@"I%%,-4`G6%SJ\]U*G
MIF/-TQ?%H6,J8P`E8`I1DR9G)"8`P`FZT1'7(`&KU5,H`P!:0A'D<`AA0&Q.
MX`15<`1>4`=W4`=R8`13P`>(]P<L!PF,APOTAP988'F_1050L%M0P`>S8`NZ
MT(6=MU;/M%'H4$#Q<$#V4!#U8`ZR$`O$X%?B(`\=L2H60SZU81A/%1M1!B:9
M53<"@0\?L'1A$HBIT1NA1CH=@Q?^!,`!GP`Q!&$-%>`Z#B("D0-%+`@W_O8Z
M094P#/$.K,`%45!,4^`$4=`$44`%71!X_O<'>*"$B,=X@:`'W>8$%@8%3*!^
M0_`$#\5A>>:%R02&)]9$\1`/UI0/\R`/QD`,AW`(9D`\O4`.GK0J<%->IX,!
M#U`=`Z`F0](;L_<`*<00^\`!DV1U&(<`"2`!Q+$7!7`!'B`#H<"(,=$2=@$[
MDP$`FI`2(2$0F91]CO4:#(`;$M$*6""*ZA=XZ"<'<M`%43`%=#!6AX=XCP`(
M?/`%0S`$ZD=L4#"10U`$==!RM:`*'L9GG6=1S>0-@S97XS`.A+8*?I`&?M0&
MJ]`+\K#^<?'&#R;`,(/8,12`#=1@"I\P"C=`B%4GC@"@=@SA#R```$IV;S*T
M`M5`"IE`"3:``Y5`"9T0#=<@DPBQ#XP5C:GA`+I7$*O"`'4"-ZXV`Z97$/+`
M!DX03&]@D%$0!7-`!P?YEDV0!X#0!X``"`]9!SY'3.JW!&NI;$Z0!Y``"8/`
M85QH5B3&7.$0#GG#"[30!W=P!$(@!$G`","@1$\47@/Q1;$A(Q80-4AF=0<G
M4S6T$/ZPE7724S)"`Q:A/AB'-H]"+HK26'62?3.$'6?9$;R`!6_PFW(9!4\@
M!U#0!&[P@U%P!'B0EXSP"'W@!>H7!6X0!;5(G%/0!$?`!X3^``B#(%P=E@N[
M(`R_8&W?4'.TL`=G<`0\P`-5L`>T<`SR8&Z,!%(`,H&^P530TA&F$%6C-(ZM
MR1#X@`$C9&JB)"._PB\F`44(H4W:)T<`D`EUPPX>0'OB&)L`$%`-(3^'H)#!
M1`?)^01NX`90()Q0@'_,"0EH4`1<X`1'L%O(EFQ1\'<:UHK=Z6$QYPOC:9XX
M!P9-H`1'P`1V60O-!`X=570'9$WW^%Y+5W6]D0'^0@-F4V\8EQH0\!^AHUKR
M-5\!\"L2`63.P`"MA6H?T($($0JN<V_D:!UDNA#?@`5R0`=O``5R\`1.(`=1
M(`=V\);)&05]``E]4`=%(`5R\(/^3?`$PBFHRC96@0`(L]"=P]6%R/4+N_`(
M/E0$3]`$A7H'@2"2&.5<8SAZ]@!>NK$UFN0@&2`3,OAEK#6(`,`"5,4/`9I.
M/65U]*5@$V$78DE)`1`#V(`-ZO"K[*`.[!"LZO`.V6`!Y.A8HQ0`]>@0K8`$
M4_")"N4$6S`'43!XQ"F+3J`'=[`%4O`$4B"G42`%<^`%4T!^2G`'-.ILC"!_
MR$4+?X`&76`$1@`%3I"ICX!<$X51B=1$C012-B80^3"AA54^`.!T!Q&/JVI"
M&(H0ZZ!::,.:"A``MOH0^MF@]L8`$``!#]"Q#R`!$M"Q#@"R@?A8Y!A?!;`!
M:YH0KP#^HB(*!4=`KG9JJ/<JBTTP84/0<R-JIR-Z!/DW!'(`"'\`"(LG"*H0
M;;:@BM[FL^KG!C$&:65%@,J$1(P45R(%1?G0`4L'4PYB`3(!$]B0`19W;UWY
M6@>A#B$PH*$42@!0L0[Q$5]T-A:B&K>''#S"(Y7#0E`&-Z,$`+[6$*V@!5$0
MITM@!'3YEG;@!%(0!78PHG3ZB7EZIXNK!510!W6ZG4LH"(Q`?WK0!,$SHDY@
M!TV0!'<P"[CP87VVK^#@743:4<BCH/GPAX$80P!P`0EA"4@)1BT(`-R'$.I@
MCE\77Q,K&A#1$:0P'N2C:Y2D3E`6([F:O&%2.GM(1L;`!5?^&*=VD+A-L`5/
M4*+%&:X5*9SXAYU/4*Y;D%M?H(1\X`>/\`B0P`=@8`0ZJU!-,`1&H(6TL`IY
M5E85-4!(Y*GH(*H%\0XBP#P7IX<7H#CK4,`B.(ZK@7>2TA&_*P#^)E^U*A'[
MP&Y"=B&O,1PI,XCR%$.L.4L0\)4(,0YJL`3)U@36.JYTV00*A6&^I012<(M1
M\(,MBG](<`1T\`=ZH`>$``EZT`7@.HJ^%:='L`5ZT+ZJ0`NV(&(5]6<#)(;H
M@*0'@0\3NH_Z07TX$T%@M&-Z6`+Q0A!`A@T/8&H63%\!=98#<0I@:H*^L45`
M<AQ+126F,\(;C#8Y%3[Z\`H*Y;W^TJFG]=L$B0L%Q"2*<V"G@.D$78`$5.`%
M3J!R@$`(?%`'1N"SGVC(<NJS?/`(LZ`(M(`+3TR`4JQ(]J")`O$.6=Q"^^2U
M"?$.[$9"PR(CEG"V;S1?\W6A$C&!.C8G"X`Z!1`N=(NW=7BWRHN;(O"J*L$/
MXX`&<<`$PZFGAOJ66[`%Q$F1(UH'HS@$HV@$6J`%"#D%=YD'HDNH%)FSQ8D$
M7M`'B\<(JZ"+_*NZX1`/FPB.839*U8$!`G<0RG`:@<AT`9`!)JP.;S2.0CEJ
M#=$1T0"FV9<`,Y0)RG`*$ET*HU`*I!`*J"`*G-`)GR`*J<`)32&[479Q`L`R
M-Z8/K+#^!=+JN,)YIW/0O5'@6].9IPKUK2VJ!5N@6WQ`!SVJ!)^(J0IE!/>J
M!7P`")#`"/%77%$[#,PPSP[Q#N#8H`Z*`3=F8'E81P#"#1#`FG7R4T,Y<`ZQ
M/&))EO`S$:/`,*_#F@"@`JA,$.&@"$@`E\G6!2\MOJ.H4(Q[K:2(;$^`!'.P
M!4@@!0KI!IAZP^J'UW*P!4:`!MNY>-#F8;DP#+O0#.!`SQG*#_5@SV"6IAC0
MUOR0#U^DQ0'0`(DR$-@@(K'I;P=2RZ;7$9Q@-F,M0Q.@+0&K#S`1L";Q$;!J
M`2.D(DJ9)`TQ#GY0!'+I!7"Y!4Z@S88ZG7,P!]D;NELP!5+^X`1>@+Y:0)''
M:<C@*P7@?+Y]L)V,,`FST'BYL`J^(`[P(!'M4#9DF62'TA"ED"NOLSXR8D<F
M80T./8XO)2.;\!!8W'O^B2`4T1%IHFL2"RD/<0P'50?%9MR+&ZZ&VMS"V<(Y
MW07?6JVZ%:[&:<B1.Z=/P`5W8-2`P`CC_<3@&0YL7!#L(*#_7"<`<$'>N">]
M/!PRPHVZ40TB(E]?!P#][8W\\`EF$[UH@T(640QH4[*SJR6FIP_CH`@^T`2_
M.0=&:)#.;:A/<(MR4`?1G5OB.Y=;L.%*T,+6*N5?T*<C#FT>F0OBD.)<8@%(
M:8DFQ`']P@_2\`"OXQMZV+L"<0W^J12]+70@S=H0\)7:`>":%M$/[.9O9Q<`
M^>+9N4$.K.!'P_D&<*G-=GK);SG=B3T'4E"M=XK3HWC#34#7Z"><75`$=ID(
MCT#BJD`,*%X1ZO"(^J'?`<`!;-QV<!,<Y7,:Q](2UW`:I*.L#^H06DV:/E4`
MRJ!9$W$*+;[?!P`!1I;BR<`&17`$);H%=-"]=5`'>4K844`'*LW-?]W2BWN<
M3V`'""F^3F`$==`'J^[)JP`.US01ZC!WP5XGYB@"/LX/6IU]I8HY@U$-]3*.
MCT5?&L,0;;?5/A4`&/"J#L%O+<ZV7`H1X[`&/H`$""D'F&H''NH&V?N6((J=
MB<T%U5S^OE(^S=-MJ'-J!)JZN:K0"VQ^$&8\11XL(Q\`$?]5/I$A-[7,#]2`
M-JI=)U/6(@M1#A=0`!`07YAEWQCQVJ$F2F>#`#8>$?2`55G@B7'PEJ&K?AK?
M!.&J4.C'O?2*?YENKV[PTEMP!#[=R:$L#QBQ#B;P`!J0`1*0`1E@`1"P`IW!
M`0R0``SP]Y"%-A:`'=)P&A8G`%-V+#<V'8@QS!5@I1C!#N"('"PTS(9NL0-A
M#.!G!-/=!"-ZN-,LIUU0K71Z?]ZJW7:@S;*HR4O\ZACA#^[0#NXP^P:C#F/\
M$.P@#6`!#='`^]$0#<K07_AP"J8@T?^`"J5P"J7@C@E1"DO^80E&813^:!.F
MT`(M<`+8GP,Y<`(E$`/,#Q'Y@%73;:^?:*?-;:@IO[BC7[YV`*Y+D-CC&M<+
M!05N<`>]P(>UD_^AXP_\[P_]`/L`\0[?/GX%#1Y$F+`@.4=BD@2)HN5)%RA;
MDCR)8B1*E"UVI-B)TN3)'"\<N6S9HF7+$RU=CJ3)=<\@084U;=[$J7!?/YL\
M^=',J=!G4*)%C2K4=^R5F"M%GKR!$E5)%"A1[#QQ,_7)D2==4:*<TU6B'"H]
MBN#)!4[F4;9MW;Z%&_<H07WCDB7*,D:CDZI=*&YQHN3(EBY1N#C9(B7*$2D8
MI6R9LQ&.E2%G:H6S)U?S9LZ=.0/^U8?LU9XK0:!\H0)%SLHG<C@6AJ*5M9,F
M5!5'B7S$R!E!O<#E\QQ<^'#B">G=6B0&C`^G5"+[51P5RAO7&Z-(D0)ER)`H
M73D628(FC9]5P=#MTX<P_<'UQ=V_AU^PKBQ%:BY2_0*&Y1,E4Z,X"8DJUY[@
MHC&,(//""RR0.(,*-1CY99MPZ`$.I_;B(^Y"##F+)YQ>6$D#B>V&V&*C[)QP
MPH["IDAP#LCDH*B.*JC(SPOLGD@B##'86",11UQ!YIMQXEE/PX*&VO"M?8#:
M)Y]PY%D'G7J2/&J]G0X*9QM:``&#"RZ::`)`*.BH0XZ)NO/B"2K,I*(+,+[P
M`C#<GK#^PR,OK\`B"S#4\(,17'K1!IQSXKEG27[6TDD?H!*ZT,B:'%4TJ'ON
M@0><7EI9Y!!9M&&'2L_HV2891]@`XPHAE"`B#JKB@(()*)9P8D"2_'J"KR>:
MD,(-Z[KPHHLOFB"""2:<.***,_`09)))B&E&G'/0D2>>?-#[K*U]XI%'GFZ\
MZ247904YHXKQ7M%&'D<]5=(@?>BQ:Y$^U.C"""*&Z$]8Z:+P8HHNYH"B"2BD
M`-,-*$9"@@HIDHC"U2F.(*(*(HC@(>(?JOCB#(O1$"0011AIY19DD#GF&Y''
M>5*>>4X^.1^5]4%Y'GI0IB?F<68F^1MCC.F%EU9:6845/_#^L#C<(W@@X@?>
M6IE&'G2)(VA1?>3!V9$UTL#"A]*,B&J*(9Z(:@DE.HJBOX@>>T(*)[*+,PI=
M;X,-P":4&$(*)8*@.PDIM$#B33#`P`*--=9@8X\U%/%#$5844601POWHT8\V
M_-A##\GU\$*+!+>@E[8@FA"B\R2N2$,18KK);*:EJ5R7'&-$?3<++'H((@DC
MC`@LQ<"6@(**)Z:(8@H8SX2"52<LKQ6C+U*B@HJ"D2A"-RF00$*+(HK`XHLD
MIC^BB!E1&[B.*6IEF`@@'B:BB#:W:B+YN*4H0H@PU#BDE2#I06C1TT]/7;1%
M$B$UC"^%:$(0>#`$W1SA"$T0V!+^WN`U)52%"K5APD:FD+4I).][5=G(JZ;S
M!CI080IPX"`5.@A"%J&F"U,`$(I2,X2SX:@'GP-#'QJQB%ML8QSTNU\.U<6>
MA.3#939#QBT<L0@VN`X+6$@"%V8',+K-32H-M%=@A.6&";YA"G&`0VR"%P=7
M68$)7+07$[SH110]H0AT$P(2/H>&/9Q!#8-;13&TT8T*Z="..3F7>N8A#W*$
MXV/)X(4K7O&*1>P/<&P00Q:R$(8P7($+81C#%7PPR3%,<I)"F.3GKA#)*X0A
M"XE4SA[\D(A$+&*0LC#&'.5!(4=1BQ]YO&,L=U@E?>"#7>,@!SF0L0UD)`,9
MQ4B&*UK^(4AB%G.8M[A%,8#YL6^0`Y?S>&51["=+:G)&0TBJ9C;O.$WA(`D?
M-TD/-[4Y3G+:1)P_J5\YU;G.<Z[3G>^$9SSE.4]ZZK"=]<0GNN[I'@WM,Y_K
MQ(<I1C$*:)SS0NW@1KK8\0Z;P/*?Y8R&`QC@@`+$H(XWH80'ID24)1%D%#;(
MAPM>T#1^U&,&9#`*-@OBSX<61QD%L($U1```6!3D'>I`R#O:01`:/`"G;+F!
M".Q!!I0:I!T3\$!+\5F*`6B"'S0`0#'XT8D/7,`$T2BI)4!P@C+LPP438`<^
M:#"*@X0"!2B@1#OX80H6H+53-!`!/T@1"W[@`Q-C=0`+#J+^C&HH0Q3\8,<G
M*B$*X.SC&:2(AEKY<0U1D.*;):4)0^NZCVLPM!W02*A-J\$-DJI#L4K%"4].
M`0!*/`,#'?#'*1:`@E,\``/YV`0`7.",3UPC!AAXAPL64`IT6J,!*""%)911
M"@.@@`P.0`$_;""">FS`!/P@`P!>`-45'*0$%$#!"M9Q@@FXP`(QX(<E(L`"
M&Z#T$@7H@`5$4-D2_%49%S!%-3C`W5&<P@(66$$G]A$*#E3@`BXH!S\NP8$5
M;.*QH+U)*0"``@S0=!\R&(`R^$$)`&S"`Q90ZS[:$8,)O,`!IECI6@&@@G7D
M@QWI[10.`'`-,I"`'=A=QP-$H`_^:42@!0?I0`>PL8Y+#(`2_,!$`9PA@@98
MHQW4>,<#/E".4PP`P`ZX`3]$`0#A`J`#HR!%!2@0C6ML@AH6X,`S/@$`'&`C
M`C=0QRC6@6!S\H.IG!@S>%U@@&OP(Q0`L`$%GKL>&`2@`1.0AGQ*2@8...`"
MF2"`"@J""0"8@@PF>$<%7$`-`$09&PVH;M,XX(*?B&``+)"!"S8PBDQ$8`*C
MOL8`/E&0$SS`&1?X,2D`@(EG^#B\`."$06`!``Z4(08%^(`R,'"!&\""I2V=
M<JX]``!J6`(`H>"'"P@0BQ(TH,[U"*D%1O$`#V1VLOP810!(<($.?),,`:`&
M&4X0Z1?^<,/)_%`'<F="X(*@8`"Q:`<[UO%-:FR"`A08!0%6S0\2/.`9$["$
ME"OL#`"@E,+0_J8RR'R*3HA"JL]@P0($`&(VVZ04#EBU*1@P@W*(H,,%D,$^
M2.&`#5@B$MQ8@07V\0D"H*!"T;A!<$G+Z!AT8@+/C4$)CGH"?I@``)GH!`#T
MNM(-5-?.!CA!-:#!B76,PAE>C0`T*K`!;HP"`#&H!W[S<8E9,QRE31[!._3A
M#&H\8`7`4<<U],V/3%"9&YPX<,>-ZHPI[0,:-;U&)\HP"IH\`P<X<.\G"&(*
M2ZRYI)QX00ILT(YX5`(%*K`!->S,B7R4`1/\D,8).'`#%&3^XB`TV(1!?(X!
M$5R"'Y$XJP5L`&1N6Z`$"3VN"U30@$\XPP&I#Z\!2B"#R9.!`")0`0F<X8P5
M7,+DUZ"$`:JA=[CX$Q^?_4G>!5T0?#A^48]-CS[*P=>"U(,:IYA^0:I17\7N
M0QG*4$<UZH$/:'2J(,K`!";6G(]G7*(2REB2:"@#2J@I:A"%C:*^F=`'*^&A
M!"0*ATI`"&2:FFBG>S(4CG)`:;H^!,S`#H2+4J"`"P"S7$.GGZ"):>JH$`NG
M$C2=$%,7@L`$Q3.=<K`!CHLF]?#`^""(NKN!3W"`(DL(;CJV:.JG@_@`#N#`
MQ7H`&F!!%PR*=I+`'"P(1`,QJ!+^+$K`@1O`!TM0`1F@A+BSA$Y1!\)2!TJ0
M`4O`*74(!6C(A#!$"&ZPA$HX!9IPAISC@!)@!VYXK'>H!U/`AH)8AU`@!8-0
MAU-0AKQKAVLHG8N2PKBHNT^HA@H0@6AX``<@@T]0,1O`!`:(@6=8`&BCA`N@
MAA+P@$_```YX!V=;`1N`@!D(,7SHA!I0`0%PJE!H``N@`0-8`6>H@,]3!Q<@
MA0[XL5&H``O`@4_0AU#8``[P`!&`!G[(C&@`!6K@!'7(!,=KQ+B(+1N(!!@P
MAW*8`!RHJP9(@8*X`0*XAA5P@7I`.$ZHM'*(`0`8A4J0QZ?:@&\*)VQPAVS(
M@!R@!P[^F`!KR`<,6+<-V(!]R(0-D+@7B#0+@(9V,`5E<``1,(=KF(#D(HAK
MH`9R*(-IB(1GC,)L#$(!&X!0F!1^X`8*B#)V6(`7*(@Q@P51X``<L`!SB,>M
MXX`(*`5G"[0;^(`#PP<<T``-0(`2J(:1*P@1B*M-&(!3.`$R*`<\\SK@`S=>
MHP$9^$'[XP9J6(=8Z(18>$:1=(OT,#YC(PAN<(#9:X<"<$5^H,=H6(<&&(`H
MFP$`$(5UX(;IBZYGQ($2"+$I8X%8N(`1D`8#$$=^\`"_O`;7FH!JD(:&<\=!
M)(@[(X$;(#Y,6(_NTS=K6`?[$TNWJ`0".(5#62P#F#U]4('\"5B^#1`!AAJ!
M"`BT4#"`%V"'<HB%?8`J"9.!#@@Q>@P%?0"!#EB'#<"`-?NY@H`JO7J&AH,&
M`&#"??`'90B`MLP'>Z`_R;K!SX0+9:"$-2.(>B"#T02L&:"`"H@!QX,%:$N/
M4[@`!S"!5?N$VP,R)D0G:N@`"%BNZC*%6RR##8@!@G@&$7`&T+/$\%H`$[B!
M3E`N`B@!'%@!4OB$`>`M[>0G@[B&:V#$@RC$:OA.^ZN'3FF/-+,&;L@L90C/
M"UVI<B`(?'"&A-J'49@!'.B4=QB%%4"!57,&&IB^(:30!\R)1>'16>I1>G*H
4$\S.('0E*W$E)^0AT`C)X0@(`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>86
<FILENAME>g147201koi002.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201koi002.gif
M1TE&.#EAJ`(D`/<```$``0D&"`L'"1$,#A(.$!82%!X;'!H6&"$='B(>("8B
M(RHE)BTG*2XI*BTW*3$K+3$G+#0M,3HO-C$Z+38R,SDT-3LV.3XZ.C8X-B\N
M,3X]0#A&.$(]/4`W/$,_0$5(/T5"0DI%14U*2DE)1TI40T942%)-35-/4%17
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MP<2[P\B]QLJ_R>FUQ?.UR\/`O_K-A_C)EO[;C?K/L/OCM_[YN\7#P\G&QLO$
MR<S*RLG(Q]'-SM//T-'0S]33TMG6UMK8U]W;VMG7U][DWM[MX>#?WO?-R/?+
MUOO7Q_C6VNO'R_K8X_K/X>'@W_SGQOSHV/[]S/_XQ_[\V_[WV.3CXNCGYNGH
MY^SLZ^3JY>ST[.?TZ/#O[OWHZ/WM]/WJ]O#P[_[]X_[^Z_WUYO3T\_3Z]?SS
M]?[S^?O[]O[^_O?[^._P\"'Y!```````+`````"H`B0```C^`/L)'$BPH,&#
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M0_P@A!`ST(`##232\,(+**1X(HHDH$#"BR^XX.*+)7SPX@<?C#!""2+HJ.,%
M&W!P`0;+",0#""(DV6.2)XP@0@HFG)"""":D(*645*:PP@HJL+"E"BF$&8.7
M,8S9)9=AID"F#"O(P*8,-=AP0PXY[&!G#G/RP$,//OC0`Q`^`"$HH((:@<@A
MARB"B"*)--KHHHH\(LDDDT@RJ8.8,M@@)YQX8F`H!89"2BBEE()***&84HHI
MJK(:BR_^L/JB2JR_U`J,+[8"$TPP]O7J*WWQU>>,,_0-ZPPTQPX;C7O3K/=>
ML\V>9PU[U5!#7C788DM-MN2EQZTUXI0G[KCA@BM>N>.6)XXXY[*;#KCE:0-N
MN.RN&ZYXYUISWKKP6I..O>B6]ZZ]_^K;;[KBEBNMN-9F>]YYZ:VW;;410VOQ
MML]"`]^RSD3SGC3-0@/->_`!XZO)OY@,##`II\PRR["RRHJLIL2BBBFDK(KJ
MJ*"``FK//_>,H"><+OB@)$=+$HFBAR)RJ!%00PWH#X+V8+6>>MYP0PTU:'V#
M#6.RP$(,6FX9PY8K>-GFEF&>X/8)2D[9(P@AU%VWCB&,X,'^!1R,<`$(0EI@
MP06$7U`!!19T<$$$$51P@05",AX!!0\\,'GC%1P^P004=/X`!1A0L+D##FQ`
M.NFCCW[Z!J:S[CKK'Y0@>PDPN%"[[;7?#L/N.N"@@Q`Z!!_$$#H,L<@0R"-/
M!"..+._(\\]CLDDFF6"B"2;2;Z+])J*,TLHHX(]22BNMI,(*.P(Y4THHHJ#J
MB2:>O`__)9I<4DDEE^0/R?Z05(()_XUP1",:P0A&$-"`!%R$`I$W*",@"@B'
M,$*@`C6H(`"J!SO(`9_N=(,>\,!.&8P!U[@&-C>QP$INBY*53%"E*8&`A2$0
M00A>&"43R)`#,P0<!^BF@0MTX(?^'="`X`Z'`0E0P'`1:$`#(C"X"C!.`E"4
M@.0H<#DI6@X"E8,``R#PQ`@P8(N5^^(#&K"`!"S@BQ!08A8;\,4O-L!RAD/<
M`R"`Q3>.40$*6(`>&=``""P@CPM88@7(2,9`DA&/2BRD'1EPQD:6,9!N9*,:
M&Z``!BC`C'K\XP+&&$A-OI&1EDP`(#.Y1$J>48F,/",G*\?),_)1CX74)`,J
MIT0%+/$!>JQD*CN9R#_B,9.Y_.(9TVC'3(I1BY6T'`6P2$4*2,")JJ2CY+X8
M`2V*48H1J%P$)##')VXQFX'48@4Z$`$?@N"</N2`.NU6-[K)D)UR@QL+H^0V
M%71)!F+^JP&=YJ3!'?3):E83%*(BB*@A#$^!"F0$$18Q0$L,L!&6N)]$-5$)
M35A4?J(0A2M<48J-HJI4J6@%*_[#BI*6%!;+(,8R5NJ,91C+62"CUC7($RYL
MM`,;V$@'-K*ACFSX]*8^M>D[ANH.HK[#'4@E:C[R@=1\Y,2IK.&-5(4C&>A8
ME2.108M4E@I5Z^3C.F"E!SS@@52DLL,=_\@.=]C1'?"XU3O?\8YXY(HOFM*4
M7O(RC[RDI8V].LM9Z@&9Q9K%+&<9:UC3.*QB%ZM89@S+L<Q8!F1=FI_\M!2R
MCJ5L99T169;BY["6!2UC.3M:QB866B\M[&`K-MAI/.Q:\O+^EKKNJHUVX0NN
MZ7BK.MBJUMZR0ZR]M8X_\$$/L'YUJ<+%QU""<U6&2*<YS'7(<Q,R&H+TAC.B
MR<MML$N7SFC7+K"Q25'(PA?M$F:[X`V*7`"37?:ZA#C.T<QTFTO?C$37(O-%
MSG/[HM[8Q"6]6B7O6MI2WMG`%RBKF>IYI]H8@5Q7(?>MKX0G_)P$&\0WW>VO
M@M>[%PT7)KW;;2^'O\M>SW@XPW<)38--S)G/'&;!ZBTQA(=#X1K;^,8XSK&.
M=\SC'OOXQT`.LI"'3.0B&_G(2$ZRDI?,Y"8[^<E0CK*4ITSE*EOYREC.LI:W
MS.4N>_G+8`ZSF,=,YC*;^<QH3K/^FM?,YC:[N;Y1!4MELE+=-]O9RODU28?O
M7.2M,#G";P:TA`7-YT(C.1V4B)\HLB&04G@B%)]8!CX&0@U*%*D@XA"%,RJB
MCE-=NA_L2`4J-KT3:PP$'^I@"684(XX\0\3/$G%U;F3-D%6((\KT8$4^*@**
M=!B$'JUFC%&L(X_A:F4:J1Z(-5AQG(&XIR;T4,]ZJC%I*?N$QE3U,2H`0(``
M`$`$Z+L```8P;DD`Q08`0,"M">()`*@@Q@_Q00AV\`B=4$($0*`$0:H1`YT0
M(P:%F02IJ^I@@Z!B&L[M1Z+AW1!G5,D$`Q^(.HCA$%"4*1("H48,3(`(G3@C
M!?HVR#_^'E%M@2Q#!3.H`0N*1.B*K$,17:)$M9T!"H*P@Q2X@84-1B`#9ERD
M`J1HB#]647)\P&(GDNB3K_L1"E-+_`<IV(&O__$)G=`C$K\U`@9W4`-4%(04
M$?<'(O39@QP$72&D",'1"\(*$Q0$%$Y/!P?,;7,@Z,0$GBC()T2@@AHX72#X
M0,1Q(B$V&82`!2571PU4$`)6"$01'&"!"2C>CT.$B0<W(4;?=Y`X]"FYY0C9
M1\(%LY4'<X4?^NB'/HJR#W_L0_0%X0<_O"$/@>@#'."H?3_BP8UYQ,,;_9!'
M[R-RDU0$(`BPL``!@LX!`Z`B$0-0@*G3$8$"!$`19:$$`&3^H'I:^\,$""<(
M#OY.Z10,)!4A.(@GPA^11S`#'Y'8;P32/Q$1/((?E/C$7YS1@WXLX^BX@0\I
M``O-`FHA(`GJD`)`(!#T\`AN]Q?LH`'-)A#6``N2MPSD)Q'+X&O350T<X`.L
M4`HAH`*3Q@H"D'<W80T@X'D%(0D7\`C+<`@+2&L$T0%>-UWX8`&;EH+]=Q/.
M(`*HX`F>EP*I0!4<<`/3X`-NQPXCX'GIL`";A@J@L`J(<`"?)A`XP`DVMP``
M$``$```U<!?10'[ID`+]EV"/D`,$`0L*P'X]`'!<\0CZ=A.2\`-!P0H=``MB
M]X`"X0,5(!#LL"[IT`%T=Q,UT'_^RU`!Z;`,#4`-_4`*'=`/UJ`"].`/*?`(
M4=$/(Q!R2;8-O5![WB`,J0<.NL`+O;`+HN<-J-@/O%`+O5`+NE![NR`,-J$+
MLP!\`D$.LU`+NW`+\3`+M#`+>+"*\O`*<H`'>$`'W]`/W(`':7`+_C`,<H`&
M<L`&L]`/A:`&T[@&W%`0WH`'4R`'S-@&5Q`%:Q`._3`+6X`&4A`%=.`&6Y`&
MW?@0-X$*U_</&!``7M<!!<`.RX``!;!IB%``(A``'E`0[<8"_>`#'&`#+X1P
M^/`('!`!5S@0['`!*8`(U48-$9`"6L@5U)`".H$*(M`/^#`-J1!^Z^`/Z3!I
M^.!TSD#^>>R@#<20:LR`/I/F#!Q`#$['#^F`%9(@0H[G#YZW'391#2Q8$)?X
M800A@S9A'08!"PM0"IY'"6HHB1VP;LX0A@;!#B`P@0-!"=AW$3'@=8YA`A\I
M$"J@AJF``!=`:M1@`B4W$(F8@181`D7($.P0``!W$XA0`3H!!"$`EC8PE"8)
M!)/V#Q1`#_^`>`*A#AS@B`-A`YQ(&$!P=@.!:`,0`<20E)47"F4Q"0M8$#5@
M;C>Q#A50`-4`%)Q@`VN8`*9V$Z6@D$`1`YAHDBG@>;!@`""0>D!AE05'#2'@
M>3+P"8APE?[``=/@"377#ZEP`@6G"#O`9(*0!+O@#W*`!,/^T`]Y@`3&\`5(
ML`O]L`9%(`S@,`518`Q@$)[R$`5=,`_>,`5/0`Y`L0U/\`1*$`;=,`5,0`98
M@`1[T`^T<`1D4`58<`2R(`]<X`1G0`C@(`5.,`9>D`1YT`]LX`1D4`9.0`<$
ML0]K<`1V0`CQH`9,8`=E4`1PX`^!D`1N``A5T`1V,`9'\`H200H"D`$-4``L
M@#X<<`#-!P`LD!,5L`#L@`$!R17:YYHA```6P`)`V@]!```-P`*&21`G.0TL
M,)KI``NL$`(H*!#3\&X"D0HEN0P?&`*ET`\G(`V4D*:2,)V(T`-&@'V=P``V
M,`V38`)>MP,Q:0!&$`.K"0O]-A#^^J`"XL`*<.@#C@@$)+<#9<=^^Y8"*E`*
M,V$$/I<#XD`-1M`/)L`!^.`)&%1O7)$*5A,"/K<#<ZBFCM</Q$";!<$.'@"6
M-Q$)B2`4B@`HFV8-.>`#@>@#4(-PSJ!U0$`/[/``N4FJ/A`*<RD0L``"4+$,
M%]`/I9`"TZ"<_1"7R]H/.["I59$.0-`#AX!QQ*`(AY`#FS8-5J,(1G`3E.`#
MBO``CI<*-O"M/F<0K!`!D0EJ%6`!3L=U)S":_4"E!2%ZRV`!_4`/%B`)GQ`*
MBK``JSEID2"F!=$#-0<5K```%9"4'9,#B,`,2]</C^`#,78"ALD"4+>#_3`)
MTSD3ZD#^`8<GJL2P`G&X`C?!#)Z*E9YP`I/F@R'PL?V`"GS8KJMP`;[F#!3@
M#T!`>>(``D['##W[>?TP#EGP!L-`!5A`M5DP!O:0"T[P!L(P!5=+"TH0"/R0
M"T_P!KKP!%.`"WMP!+9`$-M0!5*0"\I`#EEP!\I@#'([#&H`!<F@#&-0!-_0
M"T<0".7`#[J`!&U0#LD`!>+8!DC0"^7P!6E@%[SP!&Q0B=S0!%9P#_6@!E$0
M#H%P!+>`#E5P!>XPNK?P:H]8`!9P`!&PFOW0?"M@!*4P:9UP``L@`P80`#/`
M%9T``*YI`@%P=`B@`NRP``8@F0HA#B:0;.D3`G9!#>]V$VW^][/FI@B_"W'I
ML`,760VL,`!.,P#B,`EPV`,IL`[]4`/$(`X*2:K]``)?JG`4@`J44`#Q2@G5
M$`'L,`,4"00@$!W3@`,+R`)%:`+60`SF=PB(P`H%X`FK@`"5"12H$,`XD*HG
ML`H"\6\'L0XA,)<W\0B((!"((`GZX`Q,NPP/D`[LP`&WBPH6P`^3X`/^L`)Z
MP*FE0`TS8`WKD`,`.Q"DX*HW00T5``^IP`']4*VI8`TBD*TQ@'%#H0\<H`CX
M(`E_>`@-P`Z/(`+^8`&B`'\&T`^1P`'K@`H&P%D8``WKH`"IRA6-`@K0B0/:
M6X1*<0.7)K!0P0P+4"1>&0KF0PG^"R"9J#"<!W&9!I$*`'`!+,@/*\6QOW!K
M(3R#!,$!E^8#(QP#",>N_2<0,H!]^,!Q_B>Q`@$$(L`""5!SG^P,ZS`".I$.
M(+!V0,$*YD>'TTD))V`"!*!_?$!Y<8D^R5DD-*ACN3`%6F`%=T#,3=`+1!$'
M5-`%5Y`'55`%:A`/-G',5(`'=4`%5.`&J;<-N.`/W8`%:C`3\3`%;^`/VY`%
M4K`-8'`%X1`/;*`$WY`+1;`'KY<+2G".N]`$%<H&34"+7[`&_5`+:/`-Y``%
M5C`,X-`-IWL+NQ`%;*`/JBL/5F`%Z9@$M>!J-P$*`/`(/0``*3!I%U``'"@0
M*>"Z3%3^`!&@OC<1O$H*`$5R`.9W`0%`">*`#Y1@`O5JDM9P$[!@?O2P=)\`
MAP+ARM6F"&$("D&G"-RG`D5B`QRP@)T``E*(<Y*PJ0+Q"2?`#NPK#BHP7"+P
MIT.!#V$="90P)J#&`B=P"/W0`2H@PJ!9$/K@=-:@`?HP`YN6`N)`#&&8")1P
M"`M@!(ZZTUQA#6Z7")L,F;*[#%Q9$.O0Q'_A-#;!`DX7`ZG@#`#'"@&LEM/P
M"8[G`].)`],0"GGG?R59$-80`9!\$Y-@?J*PV<YP`8<`V7=Q"+3)$\3P`.BC
M#N\&-?V@V2JX:Q<I@+=Y`LP0"5PI`_,+%#>`<2+`"1V`#S7^,`E`,6F3$-<"
MRQ75T``HJ'@#(0X6X(@M['B),1,]$'0)9GR*;!"(`)IVD0B2/!!JUP_28`"L
MX`P=4+$@RY7^$`*D-G:_S7TXL0X4<)4U\`#$\`@4*1`QP-:HS0')!G)/:0(B
M^X@AUPDRJW`.SF3^8+=(,`?C$`9*$-$"80Q/,*/W4`5(4`M$X0_(\`1(X`V]
M@`1;H,S<N02[T`U(P`4SX0U9T`1<8`5',`?]4)U<(`4P+@SH$`94(`5S@`[K
M&053@`05"@9'P`O\X`5NP`]?L`1$+@A/L`5LX`^V<)]/4`3*+`A'D`OZX`5A
M4.1.D`L,AW8!(`GT$`$```3ZT`#^`>!KJ;<,!*``#PL"'0T4E2"\_D#HCD<`
MZ4<*!<!M70H`/``4[!`"D>`)'=`)20P"<D@!L"P0-I`"K!`)"-X/GR`*E1>&
M\PT*!>"(ALT,U@"G_<<.1H#?8;H,SCMIAP#3!+&5%AD!FV8#!G`<0!"&S@":
MTZ"^@%@!K(`//F!^,A`)ZA`!\(`*YF<$D9!\Z/,(CG@3GC#"^!`#"S@-'8!P
M.!"&Q2?*0*$.M$T0#B00/P":Z7`!X`MPZ>`!OB8-$>`/D^!X&L2IG+7)@FV2
M6`$$'+!T,.QSGQ#`-]$,KNM>7DEWZ^`,[%`!1;(,Z=<#Y@:)Z:"(K+H`_9`#
MKJD.#]#^V=':#QBPW#9A`D6B?=@G0?T@">(=`N&'QX#(`5_*V\K5#]N-<`T.
M8P.!`VEZ%XB\WFR'LB0LLEBA`D='"BEP`S!``#)0;9$PG3?Q["\)`FE:"NC.
M%:#``L=!#PZD""QP`/I&">8G&37@`SA-R`HGDH]I`L_`#!?@==,``LK.X?WP
M!V>0#/U`"&>`#*MV#H`@!L#W!W90#P-A#W_@!_90#V4`"/8@$(0@!MV`#F;P
M!ST^!6-0^()`G_<`"&;@!X,`"./0#\D`"&4@YZE/^H-0#/U@"(2`#OQ@",;0
M#\8P"*=O#\4P"+?/#[WO^Y.?#(9`^\>`#%%[#/<@$?#@#+[^E@[W[0\M-130
MSW[54`KLEPXYW`_.@`KHDPJ7Y@RWJ@[.``3D9PU\<`B?%JR(`*F`1_;F*A#5
MT@_,X'6=X&OT@`HZL0QCXG6P8)8`(4F$IWZ/K*V+U*]?J10*^_GK!PN60HB1
M.O5S1K`?OATG4DRL4>JA0D\50J2HAO%$B$?]EB'J)XF@#Q,L<K!S2"V%"A,W
M%9(:D2)&.H?$@#A$FNX$1*0%*2FT)N(&B):DCO:C%*)&"%!8B?7;8:1?C67]
M5K"H8<):/R"L1CX$4D&&"@YN^X%J.))5PW4]\"5=D2)'A:.4(O"X$(+MTU`7
M^AWJP,."`G_6(N!00<!9OQ0A<@S^:/56(3P.Z_JE"T'4TXU^>BKP".&CG[AJ
M$38[7"&@!@L;]-C9<&BM@K5_*7`V=9AC%7)6`T`<1]YT4DNF"G=(>NMOQUI_
M_D@E&LD1!(BG_5:+]L?B-M*^"GLPB]Z/G8\4-:@Y]#'M[:D4)T3V0V62^`8D
ML$`##T0P0:3*408B<Y3A!RETS%'HG'.0\N><<OKAYQQ['#K'''[X*>?"?N*9
M8@Y[ROE0H7K0J<<>?KKKIYYS(NS''AE'Y!!''^M!JD4.Z\&Q*1XY5#!))9=D
M,DE_](FNNJ98^,]):XYCYR^DU*&F.G;6>N@O?)BBQADI'W+F/J2L64\A?.B)
M+IT4SNS^9QTX%1(GE-OP,4TA9T)1,\O3U#GM+WA2204G=4(`<\U0$G6(GD85
M(HJ2')#S!Y9/EH&(GXR<62L=G-C1KQ]6/''&S'ZL`<49:>"D)Y12IH'.(7^Z
M5$@=B-A1TYE6-^I!A$2J\V>995A!)97N&KWUR3[CV\$NI.B99E("Z;D3J4=D
M:(H=8K-5B!JB(IP!)BG!Q=#-`KTM$!\MFX0W7GD/+')>Y+S!8@_1FJ(SNGKM
M!=A63-,ML%\"_PUXR6I40#=A!0UN,AT;H'0X2HP$Y!=!B`YILV*'OX087A\F
M<IB9'>#%H52/5V:Y99</O,>69)!\N6:;;Y:739QQ?I;)D&UB98K&*']6J&&@
MCR;P3*6)SIBB@A]B>D!V*ZY5R7=WQCIKK;?FNFNOOP8[;+'')KMLL\]&.VVU
MUV:[;;??ACMNN>>FNVZ[[\8[;[WWYKMOO_\&/'#!!R>\<,,/1SQQQ1<O.R``
!.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>87
<FILENAME>g147201lqi001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201lqi001.gif
M1TE&.#EAR`!H`/<```(!`P8&"0<("P@%!P@'"0D*#0D(!0L-$@<*$@X1%0X3
M&1`-#A(.$102%!D5%AP:&Q86&1,0#1T>(B$='B(?(24B(RDE)BHF*2TJ*R0E
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M?(-\>)QD<K=)2KA&6*M)5;=)9;I7=;11;JQ:9L$N.<(R/<$P-,`L+<(S1,,U
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M^OSY]OW]_?#T^>[Q\+_`PB'Y!```````+`````#(`&@```C^`/D)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+!O?AX[>/7[^.'$'N^R@2Y$21`O7M6ZDO9,>6
M`DU:E(FQILV;.'/JW,FSIT5E9"A10B2TDE%+EC9AVI1)D]-0HTY)XU8/XK53
ML*(Y>^8LVC-HT*I!DV:-;+5JU[AQ8[>Q(KZW-'W*[=D1!X"[>//JU1N@0`,,
M*TA59;@"@`$#`A`3&&"`P&$!!0X78+"@P8,*'6(H@PE1F@<,%A#-'3W7;@/(
M!0($$`!Y=8'7K%D;<$W`,`IH'',?+%P@M@`"`0@0$'`W./````8`O\O`PR:4
M"CN2`5``0(5KNDEKOVF#^N/@JF/^&X"-.G&!"'Z)4_BTL`4`]'['_W8<X''C
MQXX+))A=`(6S[`>U5(X%`C20``"5;*?@37:]!H!PPO7UV&N(]19;;^,98!@9
M"KGW6@.]19#8<?,A!Z%PB$%&G`/L,43)`+T=```'["QHHT5VS28<`/7QJ)P`
M]2&68F(I5@A``Z$DY.%XM8VWP&Q"'B;D:Q3*%@$`#IP"8$'K7-!7`0<<0``F
M6]YHYD(R``!D<E`N!F%C>$D(9&(')/#:`-<AI()AO_&8V%YX058A:_6A!@`&
MV"6$"0`+H-8``"5P=N:D"L5@&(2%LJ@,++`H8PHF99!PI8JJG4<D`#8@A`)U
M.\(Y`1G^D9111@TPD/"`ABHFMAJ(?@$@0T)='MG;:PL`(`JER"9DJ7S`U49!
M6P6E`PH)?`I):&T/5,./I/R<<.D``P0'@`D%W7./.-->265D0C9@``7M((0(
M``R,^-J5+"2;VTH,<9M0/>V8HPXWY*RS3CO^(L2"FKXU-D&-`'94SR5V@LA:
ML[61:9"W!>SHV+@"D430/<N(`".8*E((P"@'.>-`<!4.:\`"I)2I8%P1W?-.
M-[T,LPHKDDCBB2>R%$---_%`R]#""\#7V@1*'V1#``XD]N>.+AQ4`G6J`5?=
M"0GEP\\U&P"@P`'EL08`#@=9*N8!ZT(&0-8VZUM0/N-\(\S^+JL(TH8A/_Q0
M!1J"T")+-_7@W-#"(,I7W0/^)-31@*M=;!P`'="T3PY'SK<C"@IM9$H""32`
MMH5?BTW0.Q=0)X"8Y54'031V(T3/.,88\THB:O@`!!!!$&&((,0,(PXZ_%[T
M`@!PIYA:!5$?=`/#Q\T&P`:J$[0UW,-%!@#8"K6T,)6LW8E!.06=0D#'$*8\
MGJ^4MJ222/1LT\HB?H`Q1A)!`&_$&8'0!3.8<0YXV,,>*TE>12Q%GJ=%CR`=
M&85C@-2Q'H&`)OKP%MH@@P`&`*`%#0E%`,*$FC`!0`+8*,@,`H``"J:F+Y`Y
M0``>8`TS@00F[-"&+/RP!C0DH0?^0"!"$,^PAUGX@AG@2(<2TQ$.=!A0@169
M`77(AQRH,41]J('`;XBS`0QR[#4(6-\')9<;:,!M6!P,``6X01!G/*`OI4+`
M:TKEH!MLRTSS&`<R6-&&-/R0"$Q8`A.8`(="&!&)X$AD$M.!#B?&`QX)5![S
M7G-&ZSRP(+`8UAS5=+WLQ81C!U#`V62$`L41!!L*:(UK4K.!=1"$@<1!#96"
MXZ`-L%%!^JA?,0XA!A\4`0I3>(,;E``%*OS!%KX(!C.\<0QO.-,;B4P'/)R(
MP'R\Y(X3<<%[R`>D9T6''ZCXTAP1`[*"[.,$`;!3G43YO89@`P+I1$T+`4`"
M>N1&&O#^[-BP_#0L!!C`@Y202_+RN,LUJ`$+5W`"%`2YA"5\X0]&]`4P@@$,
M8`ACF=X(!S@T>HY&&A"!^[@'3?)!CW6H11S=0,=&;CB0A2D@`;(,`/08,KTS
M_L9![)%)/]")@)XFX*4``-T5^R+'T\DH$@3A3<=D5`$;="QF!$`;""Z)DWF0
MPQ5L\,$3L%`%*@1S"DH@0AZ.Z8NR[F(8PPA&,(3AC64F\AP=A4<\YN%)?KAC
M&ZYPA2,\P0I9]$(<YC!@0I9GI]<YJ`*14X@Z-$"=,"'@`.ZRP"T+XJV7VHET
M[<1F1O@QG0VVICJFR,T_&-"7]7D0!O700%_."*86XL:4%Z'^!S(<L88PA($+
M7NA"%YS`!"4HX0UYF(0M:F&+7>#B%[]8JS#8JLAP=%0><[T=.9"1#$<L@@U8
M.$,;)I$+9J1#I#%)2&%(QQH2(G8A.G#=&3%;@X/L8VL*Z&E/%1#4;W*C=9ZM
M4P`FH([<+`],!A+``I;!CYIJL@&/LN-.^H&,18@A#%?0@A>0\(4G!%,)2\@#
M(6PQW%K4`A>^R(4OA*'6`4(S'/)(<=YFNP@U9$$(0?@"\;QKKH[`=B#+"Q,E
MT4:!Q!JD'^!\K";E2+5G($2#KTF`"87J7H'818YR?!T$`!"#W%3CC?HIW0!.
MT!%G0`!,!9!OF">00B!?)'G98$7^%A(J!RI0@0Y?#:L;^#`(5<PB%[40\2YV
MX8MA`(,9;/W&-\)QC&/<XA5]2`,6BM"#'YP!$+8@X$?O8<T##L24_XV;)1."
MBA#HATI*EE&"CFPV!(CRL?55R`[DJ$G(`D`$;.Q(>L/,:@(DJ2.$#7.8PQ2`
M3N!$'\5XL""A0(>%3D$.4X`"$=[PAT$,(A"JZ/">^8S<9GX#&;Q81!_0\(4B
M]$^LA)B%,,#A1'0PTESHOD=#"J/CJ!YHIOL2B#IT$%_'/M:$+8B7O\Y9Z@0@
M8(2I-K-'/)(-'+1P@TD60`1"VQ%N9&"*:N.`OOEQ"C"_[@"H-L$[;/*-5Z2A
M"%1XPQ+^H!`'AM*!"7&@`R$(,8A9J$*XM3#N+JI]C%_0P@][X$(1K*"$)BP;
M#T:$YD:="U='VL.:T%$8\S9HP@PHK1_92`7G6!AF`3R6."4PAT),D$Y1^EM&
M^3((-C3Q@<J!V4[4N81'.E*)*;)0U-BLQP16ZUBX+0`6&-&',=:`A2,L`<-3
MF,(0%"I()N#A#XAW=B`",8L\SQP7N'C$'M#@`R(`<@E$@,(="*$+B[)5Z!N-
M*SSN0=<;M_1(=B(?!'!P@QO(X`4G"`$"`-!3UZC&.C28K'MS$("SD4[)'\P&
M-++QCW]D0@8:^'>H/TV=#;`L-]Q@K"8!8('^$F1\8((;JF?^4)&.D&,164`"
MLH_PYBYX00YS@$(QQXIX0@3B$8RW!>1I`8A%&^$)3^C"&YA@A2GD81:ZL`NZ
M(%'*Y$RAYU'V``_6E##Z$`_K4`[M(#:K@C*5,QR`L@"I%%,-4`G6%SJ\]U*G
MIF/-TQ?%H6,J8P`E8`I1DR9G)"8`P`FZT1'7(`&KU5,H`P!:0A'D<`AA0&Q.
MX`15<`1>4`=W4`=R8`13P`>(]P<L!PF,APOTAP988'F_1050L%M0P`>S8`NZ
MT(6=MU;/M%'H4$#Q<$#V4!#U8`ZR$`O$X%?B(`\=L2H60SZU81A/%1M1!B:9
M53<"@0\?L'1A$HBIT1NA1CH=@Q?^!,`!GP`Q!&$-%>`Z#B("D0-%+`@W_O8Z
M094P#/$.K,`%45!,4^`$4=`$44`%71!X_O<'>*"$B,=X@:`'W>8$%@8%3*!^
M0_`$#\5A>>:%R02&)]9$\1`/UI0/\R`/QD`,AW`(9D`\O4`.GK0J<%->IX,!
M#U`=`Z`F0](;L_<`*<00^\`!DV1U&(<`"2`!Q+$7!7`!'B`#H<"(,=$2=@$[
MDP$`FI`2(2$0F91]CO4:#(`;$M$*6""*ZA=XZ"<'<M`%43`%=#!6AX=XCP`(
M?/`%0S`$ZD=L4#"10U`$==!RM:`*'L9GG6=1S>0-@S97XS`.A+8*?I`&?M0&
MJ]`+\K#^<?'&#R;`,(/8,12`#=1@"I\P"C=`B%4GC@"@=@SA#R```$IV;S*T
M`M5`"IE`"3:``Y5`"9T0#=<@DPBQ#XP5C:GA`+I7$*O"`'4"-ZXV`Z97$/+`
M!DX03&]@D%$0!7-`!P?YEDV0!X#0!X``"`]9!SY'3.JW!&NI;$Z0!Y``"8/`
M85QH5B3&7.$0#GG#"[30!W=P!$(@!$G`","@1$\47@/Q1;$A(Q80-4AF=0<G
M4S6T$/ZPE7724S)"`Q:A/AB'-H]"+HK26'62?3.$'6?9$;R`!6_PFW(9!4\@
M!U#0!&[P@U%P!'B0EXSP"'W@!>H7!6X0!;5(G%/0!$?`!X3^``B#(%P=E@N[
M(`R_8&W?4'.TL`=G<`0\P`-5L`>T<`SR8&Z,!%(`,H&^P530TA&F$%6C-(ZM
MR1#X@`$C9&JB)"._PB\F`44(H4W:)T<`D`EUPPX>0'OB&)L`$%`-(3^'H)#!
M1`?)^01NX`90()Q0@'_,"0EH4`1<X`1'L%O(EFQ1\'<:UHK=Z6$QYPOC:9XX
M!P9-H`1'P`1V60O-!`X=570'9$WW^%Y+5W6]D0'^0@-F4V\8EQH0\!^AHUKR
M-5\!\"L2`63.P`"MA6H?T($($0JN<V_D:!UDNA#?@`5R0`=O``5R\`1.(`=1
M(`=V\);)&05]``E]4`=%(`5R\(/^3?`$PBFHRC96@0`(L]"=P]6%R/4+N_`(
M/E0$3]`$A7H'@2"2&.5<8SAZ]@!>NK$UFN0@&2`3,OAEK#6(`,`"5,4/`9I.
M/65U]*5@$V$78DE)`1`#V(`-ZO"K[*`.[!"LZO`.V6`!Y.A8HQ0`]>@0K8`$
M4_")"N4$6S`'43!XQ"F+3J`'=[`%4O`$4B"G42`%<^`%4T!^2G`'-.ILC"!_
MR$4+?X`&76`$1@`%3I"ICX!<$X51B=1$C012-B80^3"AA54^`.!T!Q&/JVI"
M&(H0ZZ!::,.:"A``MOH0^MF@]L8`$``!#]"Q#R`!$M"Q#@"R@?A8Y!A?!;`!
M:YH0KP#^HB(*!4=`KG9JJ/<JBTTP84/0<R-JIR-Z!/DW!'(`"'\`"(LG"*H0
M;;:@BM[FL^KG!C$&:65%@,J$1(P45R(%1?G0`4L'4PYB`3(!$]B0`19W;UWY
M6@>A#B$PH*$42@!0L0[Q$5]T-A:B&K>''#S"(Y7#0E`&-Z,$`+[6$*V@!5$0
MITM@!'3YEG;@!%(0!78PHG3ZB7EZIXNK!510!W6ZG4LH"(Q`?WK0!,$SHDY@
M!TV0!'<P"[CP87VVK^#@743:4<BCH/GPAX$80P!P`0EA"4@)1BT(`-R'$.I@
MCE\77Q,K&A#1$:0P'N2C:Y2D3E`6([F:O&%2.GM(1L;`!5?^&*=VD+A-L`5/
M4*+%&:X5*9SXAYU/4*Y;D%M?H(1\X`>/\`B0P`=@8`0ZJU!-,`1&H(6TL`IY
M5E85-4!(Y*GH(*H%\0XBP#P7IX<7H#CK4,`B.(ZK@7>2TA&_*P#^)E^U*A'[
MP&Y"=B&O,1PI,XCR%$.L.4L0\)4(,0YJL`3)U@36.JYTV00*A6&^I012<(M1
M\(,MBG](<`1T\`=ZH`>$``EZT`7@.HJ^%:='L`5ZT+ZJ0`NV(&(5]6<#)(;H
M@*0'@0\3NH_Z07TX$T%@M&-Z6`+Q0A!`A@T/8&H63%\!=98#<0I@:H*^L45`
M<AQ+126F,\(;C#8Y%3[Z\`H*Y;W^TJFG]=L$B0L%Q"2*<V"G@.D$78`$5.`%
M3J!R@$`(?%`'1N"SGVC(<NJS?/`(LZ`(M(`+3TR`4JQ(]J")`O$.6=Q"^^2U
M"?$.[$9"PR(CEG"V;S1?\W6A$C&!.C8G"X`Z!1`N=(NW=7BWRHN;(O"J*L$/
MXX`&<<`$PZFGAOJ66[`%Q$F1(UH'HS@$HV@$6J`%"#D%=YD'HDNH%)FSQ8D$
M7M`'B\<(JZ"+_*NZX1`/FPB.839*U8$!`G<0RG`:@<AT`9`!)JP.;S2.0CEJ
M#=$1T0"FV9<`,Y0)RG`*$ET*HU`*I!`*J"`*G-`)GR`*J<`)32&[479Q`L`R
M-Z8/K+#^!=+JN,)YIW/0O5'@6].9IPKUK2VJ!5N@6WQ`!SVJ!)^(J0IE!/>J
M!7P`")#`"/%77%$[#,PPSP[Q#N#8H`Z*`3=F8'E81P#"#1#`FG7R4T,Y<`ZQ
M/&))EO`S$:/`,*_#F@"@`JA,$.&@"$@`E\G6!2\MOJ.H4(Q[K:2(;$^`!'.P
M!4@@!0KI!IAZP^J'UW*P!4:`!MNY>-#F8;DP#+O0#.!`SQG*#_5@SV"6IAC0
MUOR0#U^DQ0'0`(DR$-@@(K'I;P=2RZ;7$9Q@-F,M0Q.@+0&K#S`1L";Q$;!J
M`2.D(DJ9)`TQ#GY0!'+I!7"Y!4Z@S88ZG7,P!]D;NELP!5+^X`1>@+Y:0)''
M:<C@*P7@?+Y]L)V,,`FST'BYL`J^(`[P(!'M4#9DF62'TA"ED"NOLSXR8D<F
M80T./8XO)2.;\!!8W'O^B2`4T1%IHFL2"RD/<0P'50?%9MR+&ZZ&VMS"V<(Y
MW07?6JVZ%:[&:<B1.Z=/P`5W8-2`P`CC_<3@&0YL7!#L(*#_7"<`<$'>N">]
M/!PRPHVZ40TB(E]?!P#][8W\\`EF$[UH@T(640QH4[*SJR6FIP_CH`@^T`2_
M.0=&:)#.;:A/<(MR4`?1G5OB.Y=;L.%*T,+6*N5?T*<C#FT>F0OBD.)<8@%(
M:8DFQ`']P@_2\`"OXQMZV+L"<0W^J12]+70@S=H0\)7:`>":%M$/[.9O9Q<`
M^>+9N4$.K.!'P_D&<*G-=GK);SG=B3T'4E"M=XK3HWC#34#7Z"><75`$=ID(
MCT#BJD`,*%X1ZO"(^J'?`<`!;-QV<!,<Y7,:Q](2UW`:I*.L#^H06DV:/E4`
MRJ!9$W$*+;[?!P`!1I;BR<`&17`$);H%=-"]=5`'>4K844`'*LW-?]W2BWN<
M3V`'""F^3F`$==`'J^[)JP`.US01ZC!WP5XGYB@"/LX/6IU]I8HY@U$-]3*.
MCT5?&L,0;;?5/A4`&/"J#L%O+<ZV7`H1X[`&/H`$""D'F&H''NH&V?N6((J=
MB<T%U5S^OE(^S=-MJ'-J!)JZN:K0"VQ^$&8\11XL(Q\`$?]5/I$A-[7,#]2`
M-JI=)U/6(@M1#A=0`!`07YAEWQCQVJ$F2F>#`#8>$?2`55G@B7'PEJ&K?AK?
M!.&J4.C'O?2*?YENKV[PTEMP!#[=R:$L#QBQ#B;P`!J0`1*0`1E@`1"P`IW!
M`0R0``SP]Y"%-A:`'=)P&A8G`%-V+#<V'8@QS!5@I1C!#N"('"PTS(9NL0-A
M#.!G!-/=!"-ZN-,LIUU0K71Z?]ZJW7:@S;*HR4O\ZACA#^[0#NXP^P:C#F/\
M$.P@#6`!#='`^]$0#<K07_AP"J8@T?^`"J5P"J7@C@E1"DO^80E&813^:!.F
MT`(M<`+8GP,Y<`(E$`/,#Q'Y@%73;:^?:*?-;:@IO[BC7[YV`*Y+D-CC&M<+
M!05N<`>]P(>UD_^AXP_\[P_]`/L`\0[?/GX%#1Y$F+`@.4=BD@2)HN5)%RA;
MDCR)8B1*E"UVI-B)TN3)'"\<N6S9HF7+$RU=CJ3)=<\@084U;=[$J7!?/YL\
M^=',J=!G4*)%C2K4=^R5F"M%GKR!$E5)%"A1[#QQ,_7)D2==4:*<TU6B'"H]
MBN#)!4[F4;9MW;Z%&_<H07WCDB7*,D:CDZI=*&YQHN3(EBY1N#C9(B7*$2D8
MI6R9LQ&.E2%G:H6S)U?S9LZ=.0/^U8?LU9XK0:!\H0)%SLHG<C@6AJ*5M9,F
M5!5'B7S$R!E!O<#E\QQ<^'#B">G=6B0&C`^G5"+[51P5RAO7&Z-(D0)ER)`H
M73D628(FC9]5P=#MTX<P_<'UQ=V_AU^PKBQ%:BY2_0*&Y1,E4Z,X"8DJUY[@
MHC&,(//""RR0.(,*-1CY99MPZ`$.I_;B(^Y"##F+)YQ>6$D#B>V&V&*C[)QP
MPH["IDAP#LCDH*B.*JC(SPOLGD@B##'86",11UQ!YIMQXEE/PX*&VO"M?8#:
M)Y]PY%D'G7J2/&J]G0X*9QM:``&#"RZ::`)`*.BH0XZ)NO/B"2K,I*(+,+[P
M`C#<GK#^PR,OK\`B"S#4\(,17'K1!IQSXKEG27[6TDD?H!*ZT,B:'%4TJ'ON
M@0><7EI9Y!!9M&&'2L_HV2891]@`XPHAE"`B#JKB@(()*)9P8D"2_'J"KR>:
MD,(-Z[KPHHLOFB"""2:<.***,_`09)))B&E&G'/0D2>>?-#[K*U]XI%'GFZ\
MZ247904YHXKQ7M%&'D<]5=(@?>BQ:Y$^U.C"""*&Z$]8Z:+P8HHNYH"B"2BD
M`-,-*$9"@@HIDHC"U2F.(*(*(HC@(>(?JOCB#(O1$"0011AIY19DD#GF&Y''
M>5*>>4X^.1^5]4%Y'GI0IB?F<68F^1MCC.F%EU9:6845/_#^L#C<(W@@X@?>
M6IE&'G2)(VA1?>3!V9$UTL#"A]*,B&J*(9Z(:@DE.HJBOX@>>T(*)[*+,PI=
M;X,-P":4&$(*)8*@.PDIM$#B33#`P`*--=9@8X\U%/%#$5844601POWHT8\V
M_-A##\GU\$*+!+>@E[8@FA"B\R2N2$,18KK);*:EJ5R7'&-$?3<++'H((@DC
MC`@LQ<"6@(**)Z:(8@H8SX2"52<LKQ6C+U*B@HJ"D2A"-RF00$*+(HK`XHLD
MIC^BB!E1&[B.*6IEF`@@'B:BB#:W:B+YN*4H0H@PU#BDE2#I06C1TT]/7;1%
M$B$UC"^%:$(0>#`$W1SA"$T0V!+^WN`U)52%"K5APD:FD+4I).][5=G(JZ;S
M!CI080IPX"`5.@A"%J&F"U,`$(I2,X2SX:@'GP-#'QJQB%ML8QSTNU\.U<6>
MA.3#939#QBT<L0@VN`X+6$@"%V8',+K-32H-M%=@A.6&";YA"G&`0VR"%P=7
M68$)7+07$[SH110]H0AT$P(2/H>&/9Q!#8-;13&TT8T*Z="..3F7>N8A#W*$
MXV/)X(4K7O&*1>P/<&P00Q:R$(8P7($+81C#%7PPR3%,<I)"F.3GKA#)*X0A
M"XE4SA[\D(A$+&*0LC#&'.5!(4=1BQ]YO&,L=U@E?>"#7>,@!SF0L0UD)`,9
MQ4B&*UK^(4AB%G.8M[A%,8#YL6^0`Y?S>&51["=+:G)&0TBJ9C;O.$WA(`D?
M-TD/-[4Y3G+:1)P_J5\YU;G.<Z[3G>^$9SSE.4]ZZK"=]<0GNN[I'@WM,Y_K
MQ(<I1C$*:)SS0NW@1KK8\0Z;P/*?Y8R&`QC@@`+$H(XWH80'ID24)1%D%#;(
MAPM>T#1^U&,&9#`*-@OBSX<61QD%L($U1```6!3D'>I`R#O:01`:/`"G;+F!
M".Q!!I0:I!T3\$!+\5F*`6B"'S0`0#'XT8D/7,`$T2BI)4!P@C+LPP438`<^
M:#"*@X0"!2B@1#OX80H6H+53-!`!/T@1"W[@`Q-C=0`+#J+^C&HH0Q3\8,<G
M*B$*X.SC&:2(AEKY<0U1D.*;):4)0^NZCVLPM!W02*A-J\$-DJI#L4K%"4].
M`0!*/`,#'?#'*1:`@E,\``/YV`0`7.",3UPC!AAXAPL64`IT6J,!*""%)911
M"@.@@`P.0`$_;""">FS`!/P@`P!>`-45'*0$%$#!"M9Q@@FXP`(QX(<E(L`"
M&Z#T$@7H@`5$4-D2_%49%S!%-3C`W5&<P@(66$$G]A$*#E3@`BXH!S\NP8$5
M;.*QH+U)*0"``@S0=!\R&(`R^$$)`&S"`Q90ZS[:$8,)O,`!IECI6@&@@G7D
M@QWI[10.`'`-,I"`'=A=QP-$H`_^:42@!0?I0`>PL8Y+#(`2_,!$`9PA@@98
MHQW4>,<#/E".4PP`P`ZX`3]$`0#A`J`#HR!%!2@0C6ML@AH6X,`S/@$`'&`C
M`C=0QRC6@6!S\H.IG!@S>%U@@&OP(Q0`L`$%GKL>&`2@`1.0AGQ*2@8...`"
MF2"`"@J""0"8@@PF>$<%7$`-`$09&PVH;M,XX(*?B&``+)"!"S8PBDQ$8`*C
MOL8`/E&0$SS`&1?X,2D`@(EG^#B\`."$06`!``Z4(08%^(`R,'"!&\""I2V=
M<JX]``!J6`(`H>"'"P@0BQ(TH,[U"*D%1O$`#V1VLOP810!(<($.?),,`:`&
M&4X0Z1?^<,/)_%`'<F="X(*@8`"Q:`<[UO%-:FR"`A08!0%6S0\2/.`9$["$
ME"OL#`"@E,+0_J8RR'R*3HA"JL]@P0($`&(VVZ04#EBU*1@P@W*(H,,%D,$^
M2.&`#5@B$MQ8@07V\0D"H*!"T;A!<$G+Z!AT8@+/C4$)CGH"?I@``)GH!`#T
MNM(-5-?.!CA!-:#!B76,PAE>C0`T*K`!;HP"`#&H!W[S<8E9,QRE31[!._3A
M#&H\8`7`4<<U],V/3%"9&YPX<,>-ZHPI[0,:-;U&)\HP"IH\`P<X<.\G"&(*
M2ZRYI)QX00ILT(YX5`(%*K`!->S,B7R4`1/\D,8).'`#%&3^XB`TV(1!?(X!
M$5R"'Y$XJP5L`&1N6Z`$"3VN"U30@$\XPP&I#Z\!2B"#R9.!`")0`0F<X8P5
M7,+DUZ"$`:JA=[CX$Q^?_4G>!5T0?#A^48]-CS[*P=>"U(,:IYA^0:I17\7N
M0QG*4$<UZH$/:'2J(,K`!";6G(]G7*(2REB2:"@#2J@I:A"%C:*^F=`'*^&A
M!"0*ATI`"&2:FFBG>S(4CG)`:;H^!,S`#H2+4J"`"P"S7$.GGZ"):>JH$`NG
M$C2=$%,7@L`$Q3.=<K`!CHLF]?#`^""(NKN!3W"`(DL(;CJV:.JG@_@`#N#`
MQ7H`&F!!%PR*=I+`'"P(1`,QJ!+^+$K`@1O`!TM0`1F@A+BSA$Y1!\)2!TJ0
M`4O`*74(!6C(A#!$"&ZPA$HX!9IPAISC@!)@!VYXK'>H!U/`AH)8AU`@!8-0
MAU-0AKQKAVLHG8N2PKBHNT^HA@H0@6AX``<@@T]0,1O`!`:(@6=8`&BCA`N@
MAA+P@$_```YX!V=;`1N`@!D(,7SHA!I0`0%PJE!H``N@`0-8`6>H@,]3!Q<@
MA0[XL5&H``O`@4_0AU#8``[P`!&`!G[(C&@`!6K@!'7(!,=KQ+B(+1N(!!@P
MAW*8`!RHJP9(@8*X`0*XAA5P@7I`.$ZHM'*(`0`8A4J0QZ?:@&\*)VQPAVS(
M@!R@!P[^F`!KR`<,6+<-V(!]R(0-D+@7B#0+@(9V,`5E<``1,(=KF(#D(HAK
MH`9R*(-IB(1GC,)L#$(!&X!0F!1^X`8*B#)V6(`7*(@Q@P51X``<L`!SB,>M
MXX`(*`5G"[0;^(`#PP<<T``-0(`2J(:1*P@1B*M-&(!3.`$R*`<\\SK@`S=>
MHP$9^$'[XP9J6(=8Z(18>$:1=(OT,#YC(PAN<(#9:X<"<$5^H,=H6(<&&(`H
MFP$`$(5UX(;IBZYGQ($2"+$I8X%8N(`1D`8#$$=^\`"_O`;7FH!JD(:&<\=!
M)(@[(X$;(#Y,6(_NTS=K6`?[$TNWJ`0".(5#62P#F#U]4('\"5B^#1`!AAJ!
M"`BT4#"`%V"'<HB%?8`J"9.!#@@Q>@P%?0"!#EB'#<"`-?NY@H`JO7J&AH,&
M`&#"??`'90B`MLP'>Z`_R;K!SX0+9:"$-2.(>B"#T02L&:"`"H@!QX,%:$N/
M4[@`!S"!5?N$VP,R)D0G:N@`"%BNZC*%6RR##8@!@G@&$7`&T+/$\%H`$[B!
M3E`N`B@!'%@!4OB$`>`M[>0G@[B&:V#$@RC$:OA.^ZN'3FF/-+,&;L@L90C/
M"UVI<B`(?'"&A-J'49@!'.B4=QB%%4"!57,&&IB^(:30!\R)1>'16>I1>G*H
4$\S.('0E*W$E)^0AT`C)X0@(`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>88
<FILENAME>g147201lqi002.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201lqi002.gif
M1TE&.#EAJ`(D`/<```$``0D&"`L'"1$,#A(.$!82%!X;'!H6&"$='B(>("8B
M(RHE)BTG*2XI*BTW*3$K+3$G+#0M,3HO-C$Z+38R,SDT-3LV.3XZ.C8X-B\N
M,3X]0#A&.$(]/4`W/$,_0$5(/T5"0DI%14U*2DE)1TI40T942%)-35-/4%17
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MP<2[P\B]QLJ_R>FUQ?.UR\/`O_K-A_C)EO[;C?K/L/OCM_[YN\7#P\G&QLO$
MR<S*RLG(Q]'-SM//T-'0S]33TMG6UMK8U]W;VMG7U][DWM[MX>#?WO?-R/?+
MUOO7Q_C6VNO'R_K8X_K/X>'@W_SGQOSHV/[]S/_XQ_[\V_[WV.3CXNCGYNGH
MY^SLZ^3JY>ST[.?TZ/#O[OWHZ/WM]/WJ]O#P[_[]X_[^Z_WUYO3T\_3Z]?SS
M]?[S^?O[]O[^_O?[^._P\"'Y!```````+`````"H`B0```C^`/L)'$BPH,&#
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M0_P@A!`ST(`##232\,(+**1X(HHDH$#"BR^XX.*+)7SPX@<?C#!""2+HJ.,%
M&W!P`0;+",0#""(DV6.2)XP@0@HFG)"""":D(*645*:PP@HJL+"E"BF$&8.7
M,8S9)9=AID"F#"O(P*8,-=AP0PXY[&!G#G/RP$,//OC0`Q`^`"$HH((:@<@A
MARB"B"*)--KHHHH\(LDDDT@RJ8.8,M@@)YQX8F`H!89"2BBEE()***&84HHI
MJK(:BR_^L/JB2JR_U`J,+[8"$TPP]O7J*WWQU>>,,_0-ZPPTQPX;C7O3K/=>
ML\V>9PU[U5!#7C788DM-MN2EQZTUXI0G[KCA@BM>N>.6)XXXY[*;#KCE:0-N
MN.RN&ZYXYUISWKKP6I..O>B6]ZZ]_^K;;[KBEBNMN-9F>]YYZ:VW;;410VOQ
MML]"`]^RSD3SGC3-0@/->_`!XZO)OY@,##`II\PRR["RRHJLIL2BBBFDK(KJ
MJ*"``FK//_>,H"><+OB@)$=+$HFBAR)RJ!%00PWH#X+V8+6>>MYP0PTU:'V#
M#6.RP$(,6FX9PY8K>-GFEF&>X/8)2D[9(P@AU%VWCB&,X,'^!1R,<`$(0EI@
MP06$7U`!!19T<$$$$51P@05",AX!!0\\,'GC%1P^P004=/X`!1A0L+D##FQ`
M.NFCCW[Z!J:S[CKK'Y0@>PDPN%"[[;7?#L/N.N"@@Q`Z!!_$$#H,L<@0R"-/
M!"..+._(\\]CLDDFF6"B"2;2;Z+])J*,TLHHX(]22BNMI,(*.P(Y4THHHJ#J
MB2:>O`__)9I<4DDEE^0/R?Z05(()_XUP1",:P0A&$-"`!%R$`I$W*",@"@B'
M,$*@`C6H(`"J!SO(`9_N=(,>\,!.&8P!U[@&-C>QP$INBY*53%"E*8&`A2$0
M00A>&"43R)`#,P0<!^BF@0MTX(?^'="`X`Z'`0E0P'`1:$`#(C"X"C!.`E"4
M@.0H<#DI6@X"E8,``R#PQ`@P8(N5^^(#&K"`!"S@BQ!08A8;\,4O-L!RAD/<
M`R"`Q3>.40$*6(`>&=``""P@CPM88@7(2,9`DA&/2BRD'1EPQD:6,9!N9*,:
M&Z``!BC`C'K\XP+&&$A-OI&1EDP`(#.Y1$J>48F,/",G*\?),_)1CX74)`,J
MIT0%+/$!>JQD*CN9R#_B,9.Y_.(9TVC'3(I1BY6T'`6P2$4*2,")JJ2CY+X8
M`2V*48H1J%P$)##')VXQFX'48@4Z$`$?@N"</N2`.NU6-[K)D)UR@QL+H^0V
M%71)!F+^JP&=YJ3!'?3):E83%*(BB*@A#$^!"F0$$18Q0$L,L!&6N)]$-5$)
M35A4?J(0A2M<48J-HJI4J6@%*_[#BI*6%!;+(,8R5NJ,91C+62"CUC7($RYL
MM`,;V$@'-K*ACFSX]*8^M>D[ANH.HK[#'4@E:C[R@=1\Y,2IK.&-5(4C&>A8
ME2.108M4E@I5Z^3C.F"E!SS@@52DLL,=_\@.=]C1'?"XU3O?\8YXY(HOFM*4
M7O(RC[RDI8V].LM9Z@&9Q9K%+&<9:UC3.*QB%ZM89@S+L<Q8!F1=FI_\M!2R
MCJ5L99T169;BY["6!2UC.3M:QB866B\M[&`K-MAI/.Q:\O+^EKKNJHUVX0NN
MZ7BK.MBJUMZR0ZR]M8X_\$$/L'YUJ<+%QU""<U6&2*<YS'7(<Q,R&H+TAC.B
MR<MML$N7SFC7+K"Q25'(PA?M$F:[X`V*7`"37?:ZA#C.T<QTFTO?C$37(O-%
MSG/[HM[8Q"6]6B7O6MI2WMG`%RBKF>IYI]H8@5Q7(?>MKX0G_)P$&\0WW>VO
M@M>[%PT7)KW;;2^'O\M>SW@XPW<)38--S)G/'&;!ZBTQA(=#X1K;^,8XSK&.
M=\SC'OOXQT`.LI"'3.0B&_G(2$ZRDI?,Y"8[^<E0CK*4ITSE*EOYREC.LI:W
MS.4N>_G+8`ZSF,=,YC*;^<QH3K/^FM?,YC:[N;Y1!4MELE+=-]O9RODU28?O
M7.2M,#G";P:TA`7-YT(C.1V4B)\HLB&04G@B%)]8!CX&0@U*%*D@XA"%,RJB
MCE-=NA_L2`4J-KT3:PP$'^I@"684(XX\0\3/$G%U;F3-D%6((\KT8$4^*@**
M=!B$'JUFC%&L(X_A:F4:J1Z(-5AQG(&XIR;T4,]ZJC%I*?N$QE3U,2H`0(``
M`$`$Z+L```8P;DD`Q08`0,"M">()`*@@Q@_Q00AV\`B=4$($0*`$0:H1`YT0
M(P:%F02IJ^I@@Z!B&L[M1Z+AW1!G5,D$`Q^(.HCA$%"4*1("H48,3(`(G3@C
M!?HVR#_^'E%M@2Q#!3.H`0N*1.B*K$,17:)$M9T!"H*P@Q2X@84-1B`#9ERD
M`J1HB#]647)\P&(GDNB3K_L1"E-+_`<IV(&O__$)G=`C$K\U`@9W4`-4%(04
M$?<'(O39@QP$72&D",'1"\(*$Q0$%$Y/!P?,;7,@Z,0$GBC()T2@@AHX72#X
M0,1Q(B$V&82`!2571PU4$`)6"$01'&"!"2C>CT.$B0<W(4;?=Y`X]"FYY0C9
M1\(%LY4'<X4?^NB'/HJR#W_L0_0%X0<_O"$/@>@#'."H?3_BP8UYQ,,;_9!'
M[R-RDU0$(`BPL``!@LX!`Z`B$0-0@*G3$8$"!$`19:$$`&3^H'I:^\,$""<(
M#OY.Z10,)!4A.(@GPA^11S`#'Y'8;P32/Q$1/((?E/C$7YS1@WXLX^BX@0\I
M``O-`FHA(`GJD`)`(!#T\`AN]Q?LH`'-)A#6``N2MPSD)Q'+X&O350T<X`.L
M4`HAH`*3Q@H"D'<W80T@X'D%(0D7\`C+<`@+2&L$T0%>-UWX8`&;EH+]=Q/.
M(`*HX`F>EP*I0!4<<`/3X`-NQPXCX'GIL`";A@J@L`J(<`"?)A`XP`DVMP``
M$``$```U<!?10'[ID`+]EV"/D`,$`0L*P'X]`'!<\0CZ=A.2\`-!P0H=``MB
M]X`"X0,5(!#LL"[IT`%T=Q,UT'_^RU`!Z;`,#4`-_4`*'=`/UJ`"].`/*?`(
M4=$/(Q!R2;8-O5![WB`,J0<.NL`+O;`+HN<-J-@/O%`+O5`+NE![NR`,-J$+
MLP!\`D$.LU`+NW`+\3`+M#`+>+"*\O`*<H`'>$`'W]`/W(`':7`+_C`,<H`&
M<L`&L]`/A:`&T[@&W%`0WH`'4R`'S-@&5Q`%:Q`._3`+6X`&4A`%=.`&6Y`&
MW?@0-X$*U_</&!``7M<!!<`.RX``!;!IB%``(A``'E`0[<8"_>`#'&`#+X1P
M^/`('!`!5S@0['`!*8`(U48-$9`"6L@5U)`".H$*(M`/^#`-J1!^Z^`/Z3!I
M^.!TSD#^>>R@#<20:LR`/I/F#!Q`#$['#^F`%9(@0H[G#YZW'391#2Q8$)?X
M800A@S9A'08!"PM0"IY'"6HHB1VP;LX0A@;!#B`P@0-!"=AW$3'@=8YA`A\I
M$"J@AJF``!=`:M1@`B4W$(F8@181`D7($.P0``!W$XA0`3H!!"$`EC8PE"8)
M!)/V#Q1`#_^`>`*A#AS@B`-A`YQ(&$!P=@.!:`,0`<20E)47"F4Q"0M8$#5@
M;C>Q#A50`-4`%)Q@`VN8`*9V$Z6@D$`1`YAHDBG@>;!@`""0>D!AE05'#2'@
M>3+P"8APE?[``=/@"377#ZEP`@6G"#O`9(*0!+O@#W*`!,/^T`]Y@`3&\`5(
ML`O]L`9%(`S@,`518`Q@$)[R$`5=,`_>,`5/0`Y`L0U/\`1*$`;=,`5,0`98
M@`1[T`^T<`1D4`58<`2R(`]<X`1G0`C@(`5.,`9>D`1YT`]LX`1D4`9.0`<$
ML0]K<`1V0`CQH`9,8`=E4`1PX`^!D`1N``A5T`1V,`9'\`H200H"D`$-4``L
M@#X<<`#-!P`LD!,5L`#L@`$!R17:YYHA```6P`)`V@]!```-P`*&21`G.0TL
M,)KI``NL$`(H*!#3\&X"D0HEN0P?&`*ET`\G(`V4D*:2,)V(T`-&@'V=P``V
M,`V38`)>MP,Q:0!&$`.K"0O]-A#^^J`"XL`*<.@#C@@$)+<#9<=^^Y8"*E`*
M,V$$/I<#XD`-1M`/)L`!^.`)&%1O7)$*5A,"/K<#<ZBFCM</Q$";!<$.'@"6
M-Q$)B2`4B@`HFV8-.>`#@>@#4(-PSJ!U0$`/[/``N4FJ/A`*<RD0L``"4+$,
M%]`/I9`"TZ"<_1"7R]H/.["I59$.0-`#AX!QQ*`(AY`#FS8-5J,(1G`3E.`#
MBO``CI<*-O"M/F<0K!`!D0EJ%6`!3L=U)S":_4"E!2%ZRV`!_4`/%B`)GQ`*
MBK``JSEID2"F!=$#-0<5K```%9"4'9,#B,`,2]</C^`#,78"ALD"4+>#_3`)
MTSD3ZD#^`8<GJL2P`G&X`C?!#)Z*E9YP`I/F@R'PL?V`"GS8KJMP`;[F#!3@
M#T!`>>(``D['##W[>?TP#EGP!L-`!5A`M5DP!O:0"T[P!L(P!5=+"TH0"/R0
M"T_P!KKP!%.`"WMP!+9`$-M0!5*0"\I`#EEP!\I@#'([#&H`!<F@#&-0!-_0
M"T<0".7`#[J`!&U0#LD`!>+8!DC0"^7P!6E@%[SP!&Q0B=S0!%9P#_6@!E$0
M#H%P!+>`#E5P!>XPNK?P:H]8`!9P`!&PFOW0?"M@!*4P:9UP``L@`P80`#/`
M%9T``*YI`@%P=`B@`NRP``8@F0HA#B:0;.D3`G9!#>]V$VW^][/FI@B_"W'I
ML`,760VL,`!.,P#B,`EPV`,IL`[]4`/$(`X*2:K]``)?JG`4@`J44`#Q2@G5
M$`'L,`,4"00@$!W3@`,+R`)%:`+60`SF=PB(P`H%X`FK@`"5"12H$,`XD*HG
ML`H"\6\'L0XA,)<W\0B((!"((`GZX`Q,NPP/D`[LP`&WBPH6P`^3X`/^L`)Z
MP*FE0`TS8`WKD`,`.Q"DX*HW00T5``^IP`']4*VI8`TBD*TQ@'%#H0\<H`CX
M(`E_>`@-P`Z/(`+^8`&B`'\&T`^1P`'K@`H&P%D8``WKH`"IRA6-`@K0B0/:
M6X1*<0.7)K!0P0P+4"1>&0KF0PG^"R"9J#"<!W&9!I$*`'`!+,@/*\6QOW!K
M(3R#!,$!E^8#(QP#",>N_2<0,H!]^,!Q_B>Q`@$$(L`""5!SG^P,ZS`".I$.
M(+!V0,$*YD>'TTD))V`"!*!_?$!Y<8D^R5DD-*ACN3`%6F`%=T#,3=`+1!$'
M5-`%5Y`'55`%:A`/-G',5(`'=4`%5.`&J;<-N.`/W8`%:C`3\3`%;^`/VY`%
M4K`-8'`%X1`/;*`$WY`+1;`'KY<+2G".N]`$%<H&34"+7[`&_5`+:/`-Y``%
M5C`,X-`-IWL+NQ`%;*`/JBL/5F`%Z9@$M>!J-P$*`/`(/0``*3!I%U``'"@0
M*>"Z3%3^`!&@OC<1O$H*`$5R`.9W`0%`">*`#Y1@`O5JDM9P$[!@?O2P=)\`
MAP+ARM6F"&$("D&G"-RG`D5B`QRP@)T``E*(<Y*PJ0+Q"2?`#NPK#BHP7"+P
MIT.!#V$="90P)J#&`B=P"/W0`2H@PJ!9$/K@=-:@`?HP`YN6`N)`#&&8")1P
M"`M@!(ZZTUQA#6Z7")L,F;*[#%Q9$.O0Q'_A-#;!`DX7`ZG@#`#'"@&LEM/P
M"8[G`].)`],0"GGG?R59$-80`9!\$Y-@?J*PV<YP`8<`V7=Q"+3)$\3P`.BC
M#N\&-?V@V2JX:Q<I@+=Y`LP0"5PI`_,+%#>`<2+`"1V`#S7^,`E`,6F3$-<"
MRQ75T``HJ'@#(0X6X(@M['B),1,]$'0)9GR*;!"(`)IVD0B2/!!JUP_28`"L
MX`P=4+$@RY7^$`*D-G:_S7TXL0X4<)4U\`#$\`@4*1`QP-:HS0')!G)/:0(B
M^X@AUPDRJW`.SF3^8+=(,`?C$`9*$-$"80Q/,*/W4`5(4`M$X0_(\`1(X`V]
M@`1;H,S<N02[T`U(P`4SX0U9T`1<8`5',`?]4)U<(`4P+@SH$`94(`5S@`[K
M&053@`05"@9'P`O\X`5NP`]?L`1$+@A/L`5LX`^V<)]/4`3*+`A'D`OZX`5A
M4.1.D`L,AW8!(`GT$`$```3ZT`#^`>!KJ;<,!*``#PL"'0T4E2"\_D#HCD<`
MZ4<*!<!M70H`/``4[!`"D>`)'=`)20P"<D@!L"P0-I`"K!`)"-X/GR`*E1>&
M\PT*!>"(ALT,U@"G_<<.1H#?8;H,SCMIAP#3!+&5%AD!FV8#!G`<0!"&S@":
MTZ"^@%@!K(`//F!^,A`)ZA`!\(`*YF<$D9!\Z/,(CG@3GC#"^!`#"S@-'8!P
M.!"&Q2?*0*$.M$T0#B00/P":Z7`!X`MPZ>`!OB8-$>`/D^!X&L2IG+7)@FV2
M6`$$'+!T,.QSGQ#`-]$,KNM>7DEWZ^`,[%`!1;(,Z=<#Y@:)Z:"(K+H`_9`#
MKJD.#]#^V=':#QBPW#9A`D6B?=@G0?T@">(=`N&'QX#(`5_*V\K5#]N-<`T.
M8P.!`VEZ%XB\WFR'LB0LLEBA`D='"BEP`S!``#)0;9$PG3?Q["\)`FE:"NC.
M%:#``L=!#PZD""QP`/I&">8G&37@`SA-R`HGDH]I`L_`#!?@==,``LK.X?WP
M!V>0#/U`"&>`#*MV#H`@!L#W!W90#P-A#W_@!_90#V4`"/8@$(0@!MV`#F;P
M!ST^!6-0^()`G_<`"&;@!X,`"./0#\D`"&4@YZE/^H-0#/U@"(2`#OQ@",;0
M#\8P"*=O#\4P"+?/#[WO^Y.?#(9`^\>`#%%[#/<@$?#@#+[^E@[W[0\M-130
MSW[54`KLEPXYW`_.@`KHDPJ7Y@RWJ@[.``3D9PU\<`B?%JR(`*F`1_;F*A#5
MT@_,X'6=X&OT@`HZL0QCXG6P8)8`(4F$IWZ/K*V+U*]?J10*^_GK!PN60HB1
M.O5S1K`?OATG4DRL4>JA0D\50J2HAO%$B$?]EB'J)XF@#Q,L<K!S2"V%"A,W
M%9(:D2)&.H?$@#A$FNX$1*0%*2FT)N(&B):DCO:C%*)&"%!8B?7;8:1?C67]
M5K"H8<):/R"L1CX$4D&&"@YN^X%J.))5PW4]\"5=D2)'A:.4(O"X$(+MTU`7
M^AWJP,."`G_6(N!00<!9OQ0A<@S^:/56(3P.Z_JE"T'4TXU^>BKP".&CG[AJ
M$38[7"&@!@L;]-C9<&BM@K5_*7`V=9AC%7)6`T`<1]YT4DNF"G=(>NMOQUI_
M_D@E&LD1!(BG_5:+]L?B-M*^"GLPB]Z/G8\4-:@Y]#'M[:D4)T3V0V62^`8D
ML$`##T0P0:3*408B<Y3A!RETS%'HG'.0\N><<OKAYQQ['#K'''[X*>?"?N*9
M8@Y[ROE0H7K0J<<>?KKKIYYS(NS''AE'Y!!''^M!JD4.Z\&Q*1XY5#!))9=D
M,DE_](FNNJ98^,]):XYCYR^DU*&F.G;6>N@O?)BBQADI'W+F/J2L64\A?.B)
M+IT4SNS^9QTX%1(GE-OP,4TA9T)1,\O3U#GM+WA2204G=4(`<\U0$G6(GD85
M(HJ2')#S!Y9/EH&(GXR<62L=G-C1KQ]6/''&S'ZL`<49:>"D)Y12IH'.(7^Z
M5$@=B-A1TYE6-^I!A$2J\V>995A!)97N&KWUR3[CV\$NI.B99E("Z;D3J4=D
M:(H=8K-5B!JB(IP!)BG!Q=#-`KTM$!\MFX0W7GD/+')>Y+S!8@_1FJ(SNGKM
M!=A63-,ML%\"_PUXR6I40#=A!0UN,AT;H'0X2HP$Y!=!B`YILV*'OX087A\F
M<IB9'>#%H52/5V:Y99</O,>69)!\N6:;;Y:739QQ?I;)D&UB98K&*']6J&&@
MCR;P3*6)SIBB@A]B>D!V*ZY5R7=WQCIKK;?FNFNOOP8[;+'')KMLL\]&.VVU
MUV:[;;??ACMNN>>FNVZ[[\8[;[WWYKMOO_\&/'#!!R>\<,,/1SQQQ1<O.R``
!.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>89
<FILENAME>g147201kc05i001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201kc05i001.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``@&!@<&!0@'!P<)"0@*#!0-#`L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+#`Q-#0T'R<Y/3@R/"XS-#+_
MVP!#`0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P``1"``O`+H#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#W^BBB@`HK
M@M>^(++<SV6@10S-`<7%]<-M@A/IG^(U)X!\076L75]'=ZL=08*KJ4M3'$G.
M"%;'S=16GLI*/,S9T)J'.SN:***S,0HHHH`****`"BBH_/A\[R?-C\W^YN&[
M\J`)****`"BBB@`HK)L?$NEZCK5WI%M.6O;7/FQE2,8(!Y[\D5K4VFMQN+6X
M4444A!1110`4444`%<K\0-4GT[PV8+-BMW?2K:Q,.J[NI_(&NJKA_B3&P@T:
MY'"17H#-_<+*0#^8K2DDYJYK02=17/-8+?[7+;6EG;BZ!E:'3[4_<=E^_/)Z
M\^M>K>&_"USH4K:CJ6L2W,_DE7C`"PQCKP,=L5R'PQCA;Q"AD`$T.EJL8/9M
M[;_QZ9KTO78I9]`U"*'/FO;N%QZX-;UYOFY#JQ51\WLUL<-<?%I!/-)9:)<W
M.GP-MDN0^!]>AQ^)K7UOXA66EZ+I>K6]JUW;7[E1A]A3'7(P<D<\5PWAK7-*
ML_A=K%A<2QQWC%U$3?><L!MP/;^E9.I021?#3P_YJD"2]E90>ZD8_H:KV,.:
MUNMO4T^KTW*UK:V]=#N?^%MPQ:@(KK1+R&VD7="Y/SN.QVXZ'ZUI^&?B`->U
MZ72+G2IK&X"ET#MDX'8C`P<&N;\6JI^)?A!"!M\N`8]O,-3V'_)=;O\`ZXM_
MZ`M2X0<;I=+D.E2<+J/2Y*?B\KVLS0:%.\\3D.HDRJH/XBP''TQ6K/\`$FU3
MP='K\%B\I-P+>2W,H4HQ!/7!ST].]<;X`UG2],T_Q+%?S1Q22J2@?K(/F&!^
M)''O6!;Q2)\++QV!"/JL6T^I$9S5^QA>UNJ-'AZ?-;EM9KYW/7/$?C=?#VE:
M7?FP:<7^/D$NW9E0W7!SUKAM=U:?3/C`=1MK&6]D6!"MM&<,V8<>AZ9ST[5%
MX]UK3[_P_P"&[2TN4FFBC1Y`ASL^0#!]#GM5R>^MM-^-$%U>3+!`EL@:1^`,
MP8'ZTH045>W1BI4E"-[:M2.IUCXA?V?-9V-GI%Q>:K<0K*]JAYBR,[3QDGVQ
M4EA\0K:_\,:EJJ64B7&GC,UH[X/M\V/KV[5PU^LQ^+5VT>L#2_M"^9#>'!&P
MH,#GC!P:6SMM/&@^,+FSU6XU"4V^)W>W\M2Q;.X'/.<&E[*%E\B?84^5:=N_
M4ZG3OBG;ZA.N-*N([:.!I;F;=N$9`)VCCG/3MUI^C?$/4-8O+?RO#-U]AN)?
M*6Y5\A?<\8J/P3#IB_"M_P"TBL5E*)?M#GC@G&<_E7*6VHS>"-<L(=$UN/4]
M*O)!FWSDJ"0.1V//7VZ4O9P;:2U0O94Y.48QU7J.L]=;P_\`$[Q%<QV,U]-(
MTL<<,/4G<IR?;`-=SH7Q#L=5T'4-3NK=[0V'^NCSNSGICZGBN<\)@'XN^)20
M"0LQ'M\ZUR^G([^#_&&P$[9XV./3>:N4(SW\C2=.%31K7W?Q.Q'Q@@%K)<2:
M%=(A)$#>8-LA'8G''ZUI:I\2H-)@TB>?39&BU"#SR5E&8QZ8QS^E<3J^M:5/
M\)M,TV*9#>I(,Q#[R$%B2?KG]:-;199/`L<BAD:",,IZ$;Q2]E"^W<7L*;>L
M;:O\#L&^*$<6C174ND3K=W$S1VUIN^9U&,-G'3G'2M/POXW77M1GTN\T^;3M
M1A7<893G([]A@^U<=\2XIHO'.C3?:3:1,BK'<8R(B&Y/X9%6O#MK9-\2TE?Q
M#/JFI11MO=;<>6R[,??!QQD=NM2Z<'#F2,W2INGS);J_4]4HHHKD.`*I:MIE
MMK.F3V%VI,,RX..H/4$>X/-7:*$[:H:;3NCR&3PAXDT#5%N;(-.T;EH[B#J<
M]<KVSW&""><BN@6S\8^)$6WU&1+"R./,:-=CM^&2<_CBN^HK9UF]UJ;RQ,I;
MI7[G+R_#WPS<7*W,^G+),,%F+L-Y]2`<9-:6J>&='UFUM[6^LED@MCF%%8H$
MXQQM(K6HK/GEW,O:S=G=Z&3>>&M)O]3L]1N;3?=V>T02;V&S!R.`<'GUIR>'
M=*CUYM;2U`U%EVF8.W(QCIG'Z5J44<S[BYY;7/'/AYX5T_7%UJ/6=.=O+G0Q
M%PT9'W\X/'M7I[^'-(DT4:.UA%]@`P(0,`>^>N??K6I15SJRG*YI5KRJ2YMC
MEU^'GA5;46XTF/9OW[M[;L_[V<X]JM:MX,T#7)XY]0L%EDC0(&#LI*CH#@C-
M;U%3[25[W)]K4O?F9B:GX1T+6+>""^T])5MT$<1R0RJ.@R#G%/M_"VBVNC3:
M1!8HEE.,2Q@G+_5LY_6MBBESRM:XO:3M:YF6_A[2K713H\=FAT\YS`Y+`Y.>
M_/6L_3_`?AK3+];VUTQ%G0[D+.S!3Z@$XKHZ*.>7</:35]=S*M/#>DV.L7.K
M6UJ$O;H$32;V.[)!/!..H%,T_P`+:-I:7B6EDJ)>9\]69F#YSV)/K6Q11S2[
MBYY=SEX_AWX5B$H724_>J5;,CG`]LGC\*MR>#M"E&G[[+=_9X`MOWK_(`<CO
MSSZUNT4_:2[E.K4>\F4-6T73M<M?LVI6J7$0.0&X*GU!'(JOHGA?1O#V\Z99
>)"SC#/DLQ'ID]JUZ*GF=K7T)YY6Y;Z!1112)/__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>90
<FILENAME>g147201kc05i002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201kc05i002.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``@&!@<&!0@'!P<)"0@*#!0-#`L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+#`Q-#0T'R<Y/3@R/"XS-#+_
MVP!#`0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P``1"``P`0$#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P"'4O&][/J=
MT\HE9O-<#]\P``8@``'`&*J_\)C<?\\Y/_`A_P#&N?O/^/\`NO\`KL__`*$:
M['X>>"6\2ZA]MO$(TNW;YL_\MF'\`]O7\J\M*4I61]_46'P]'VDU9)'=?#W3
MKS4H$UK4$EBA)S:QM*QW_P"V03T]/SK8\=>,X?"FG*L8$NH7'$,>?NCNY]A^
MIK6U_7+'POHDE]<X6.)=L42\%V[*H_S@5\WZSK%WKNJSZC>ONFE/0=$'91["
MNF<E2CR1W/!P6&EF-=UZBM!=/T_S-C_A,[HR>9MF#YW;A<.#GUZU[MX4U&;5
MO"VG7UP<RS0@L?4],_I7S%7TCX`_Y$/1_P#KA_4U.%;YF=&?480HP<5K?]#"
MU_XD76A>)FT0Z.D\I9!&ZW.T-OQC(V\=:U/&7C)_"%G9S/:0W$DY*M$)MI!`
MR2..1V[=J\T^(TZ6WQ/%Q)G9%]G=L=<#!-6]$M)?B=XXGU'46"Z?:X/V<MSL
MS\J`>_4G_&J]K*[BM[Z&2P&'5*G7G&T%&\M]7I9;GJ/A76[SQ#I"ZC=:=]AC
ME.84,FXNO][H,`]JYC7_`(DW>A>)'T5M%2:3<HC<7.`X;[O\/'6O0D18T5$4
M*JC``&`!7AOQ!_Y*K!_O6W\Q6E5RA!6>IQ9=2HXG$24H>[9M*[T_$]8\2:S=
MZ!X?DU1+*.Y,`#31"4K@="0<<X)K&\&?$.U\67,UG);?8[M!N2,R;A(O?!P.
M1Z5H^/?^1%UC_KW/\Q7AL.D:CIF@Z?XKL)6"K.RLRCF%U.`3['I^G>E5J2A-
M6V-<!@J&)PTN?25[)Z[VO8^A]9O+C3M(N;RVMUN)((S)Y3/MW`#)P<'G%<_X
M*\8W/C!;F;^S4M;:`A-QFWEF/.`,#M1I'BFW\5>";V[3"7,=M(EQ"#]Q]A_0
M]16!\%R!X?U(GH+D?^@BJY[SC9Z,YUAE##574C[\6EUZ_@=IX@\4Z3X9MUEU
M*YV,_P#JXD&YW^@_KTKCH?BCJ&J%SHGA*]O(D/,F[_`$?K7#6JMX^^)86\=C
M!-,QP#TA3)"CTX'ZFO?;6U@LK:.VM84AAC&U(T&`!2C*51MIV1KB*&'P,8QJ
M1YYM7>MDON./\+?$"3Q!KKZ/=:--8721&0^8^<8QQ@@'O5SQCXYLO",<4;PM
M<WDP+1P*<8'JQ["M]GT\7?G,UL+E1LWDKO`],]?PKRKXO>'+^6_AURWB>:U$
M(BEV#)B()()'H<]:<W.$&T[LC"T\-B,7&,H\L6MK[OU+Z?$#QG)IZZE'X15[
M%AN5U+$E?7'7'OBNU\)>(#XG\/Q:FUM]G9V9#'NW8*G'7`KE/"'Q1TJ\L[>Q
MU9A8W2*(Q(?]4^.`<_P_0\>]>B1"/RP8MFQOF!3&#GO13=]5*Y&/BJ=Z<J/(
M[Z--[?KZGFVJ_%6[TK7+G27T#S;B&3RQY=P3O]"!MSR*C_X6^]I,JZGX:O+5
M&Z-OY_`,HS^=<]>?\ET3_K_C_P#017L^H:=::I9R6E];I/!(,,CC/_ZC[U$'
M4E>TMCKQ,<'AU3YJ5^:*;U95T+Q#IOB.Q^UZ;<"1`<.I&&0^C#M6I7@?AN>;
MPA\4&TZ&1FMVNC:2*?XT)^4GW&0:]Z=UCC9W8*B@EB>PK2E4YUKNC@S#!K#5
M%R.\9*Z.%\8_$8^%-973QIR7>Z(2;A/M*Y)&"-I]*Z;PUKT/B30;?4X4\OS`
M0\>[.Q@<$9KR#3-,/Q$\4Z_J$S;8EB?R"6QACQ$/R&:T_@]K+6NHWN@W!*^9
MF6-3V=>&'Y8_*LX59.>NSV/1Q.7T8X5\B_>02<OF>O7#2);2/"BO*JDJK'`)
M]">U<#X8^)5QXEU^/2H]'6`D,TDC7&=JKUXV\UZ!)_JV^AKPOX4_\E`D_P"N
M$W\Q5U)-2BEU./`T*53#UISC=Q6F_F>[5S_B_P`3-X4TN/4#8F[B,@C<+*$*
MD]#T.>E=!7"?%S_D1V_Z^8_ZU=1M1;1RX*G&IB(0FKILSX?BQ=7%J;J#PEJ$
MMN.LL;EE'XA:[#PGXA_X2?08]3^S?9][NGE[]V-IQUP*\Y\"?$'0_#GA>/3[
M\W/VA97;$<6X$$\8.:]<MTA2!3!&L:-\VU5`Z\]JSI2<M>:YV9C1IT6X*ERZ
MZ.[U2]26BBBMSR3Y\\.^`]2\3ZS-(\<EMIHG<O<LN-PW'A,]3[]!7N2)IGAG
M1%0;+6QM4P/8?S)/YFOG"ZUS5TO+A$U2]5%E<*JW#``;CP!FK^C>._$.BW22
M1ZC-<Q`_-!<N75AZ<\CZBN"G5C#H?88[+\3BTFY*RV6WX]_D.\;>+9_%6LE_
MGCLH,K;PMP0.[$>I_3I7,U]&V2>'O'_A^.\FL(95E&UPRCS(G'4;AR"/\*\>
M\<^"IO">H*T1>739S^YE;JI_N-[^_>IJTY+W[W1KE^/HR?U;EY)+2W_![G)U
M](^`/^1#T?\`ZX?U-?-U?2/@#_D0]'_ZX?U-7A?B9AQ#_`AZ_HSR[XA(DOQ5
MBCD4,CM;*RGH0<9%,UNQOOAGXVBO[`,;*4EH@3PZ'[T3?3_`UWNN_#5-=\0O
MK,NLSPSEE*+'"N$V].O7I72:YX=L_$>C?V=J>9!P1*@VLKC^)?2M/8R;;Z]#
MC69TH1I0OS1Y;27W%G1]6M-<TJ#4;)]\,RY'JI[@^X/%>-?$'_DJL'^];?S%
M>B^%?!$OA.=Q:ZW<36DAR]M+$NTGU!'0U0USX:+KOB"36)M;N(IRRE%2%<(%
M^Z!],552,YP2MJ<V"JX;#8F4E/W6G;1]?D;7CW_D1=8_Z]S_`#%8GPRM(+_X
M<"TNHEE@FDE1T;H0372:_H<VOZ"VEOJ#0"4`32QQ`EP.P!/&347A/PT?"NF/
MIZ7SW4&\NGF1A2A/4<=15N+=2]M+'-&M"."=-2][FOU['CNJV>I?#?Q+<1P%
MI+*ZB=$+?=FB88P?]I<_YS7:?!A0WA_4E/0W('_C@KM/$WANR\4:0]A=Y0YW
M13*/FC;U']1WK,\!^$[GPC87EK<W,5QYTWF(T8(XQCG/>LXTG&IIL=M?,:>(
MP3C+2II?SMU/(M,E;P1\1E^W*RQVUPR2''6-LC</48(-?0L$\5S`D\$B2Q2#
M<CH<AAZ@UB>)/!VC^*8E^WP$3H,)<1':Z^V>X]C7)6OPX\0Z(2FA>+98("<^
M7)%Q^62/T%.$94VTE=$8FOA\?&,YRY)I6=T[/[CE?B9;0P_$>%DC5?.2%WP.
MIW8S^@KVU;ZT>]DL5N(C=(@=X=PW!3T./2O-C\*M5U'4TO\`6O$IN)E*D,L.
M3@'(')P!^%;OBWP#)XAU>'5K+5I-/O8HQ&&1.N"3G(((ZT04XN4K;E8JIAJT
M:5%U/A35[.U]+=#,^(G@71Y-&O-:MHTLKN!#(Q0827V(Z9/J*H_!G5+Z>/4-
M-E=I+2!4>+<<^623E1['&<59N?AQXEUA$M]9\7R3VJD'8L9.?PR`3]<UVOAS
MPUIWA?3OL>GHV&.Z21SEY&]2?Z41@W4YDK(*V*IQP3P\I^TDWIOI\V>37G_)
M=$_Z_P"/_P!!%>S:EJ=GI%C)>W]PD$$8R68]?8>I]JX?4/A8NHZY/J[:_=Q7
M<LOFAHHE78>V#G(Q4<_PF74+A9=4\2ZG>A3TDQG\"<XH@IQO9;AB)X3$>SYJ
MEE&*3T?X'&^%+>;Q?\3GU18BMNEP;N0G^$`_(OU/'ZUZ1\3=:_L?P=<)&V)[
MP_9T]<'[Q_+/YUO:%X?TWPY8"STV`1QYRS$Y9SZL>]<_XL\!'Q=>QS76LSPP
MQ+B*".)=JYZG)ZDT*G*,&ENR9XRA7Q<)STIPV^7]?<<SX/\`ACI6J>&;2_U0
MW8N+@&0+%+L`0GY>,>G/XUS?B;2O^%>^.+&YL#(;9=L\6]LD@'#J3^?YU[K8
M6ILM/M[4R"3R8UCWA=N<#'3M7/\`C'P7%XP2U2:]>V6W+$&.,,23CN>W%$J*
MY/=6I6'S63Q+=>5Z;OITL=##<Q7E@ES"VZ*:,.A]01D5XA\*?^1_D_ZX3?S%
M>L:#X>N-"T!M*359+A54K!+)$-T0/;CJ!VKCXO@Y#!-YT/B*_BE_OQHJG\Q1
M4C*3BTMB,'6P]*%:E*>DM$[/S/1[R]M=/MFN+RXB@A7J\C!1^M<5\6R#X&)'
M0W,?]:A@^%D?]IVMY?Z_?Z@MO(L@BN,,&P<XY-='XM\,CQ7I::>]Z]K")!(Q
M1`Q8CH.>G6KES2BTT<]%X>AB*<XSND[MV:_X)SOPSTVRU'X?Q17MI#<1F>3*
MRH&_B]Z[C[9:17D=AY\2W+(62#<-VT=\>E<%:?"J73T*6?BS5;=#U6+"C\@:
MV_"G@:#PQ?W5\U_<7]U<*$,LX&Y1G)Y]^/RI4^9)*Q>,>'J3G452]VVE9]?4
MZNBBBMCRSY0O/^/^Z_Z[/_Z$:AJ]KMC>:5K=[:WEM+'(L[XRAPPW$@@]P1BL
M[>?[C_\`?)KR6G<_2*=2#@FF=9X%\72>%=9#2%FT^X(6YC';T<>X_45[WJ.G
MZ?XDT1[6<+/:7*`JZG/7D,I]>X-?+&\_W'_[Y->F_#3Q_%I0&B:O*R69/^C3
MN#B(GJI/93V/:NBA4M[DMCQ,WP7/;$T/C6]NOGZHXSQ+X>N_#.LRZ?=#('S1
M2@<2)V(_KZ&O>O`'_(AZ/_UP_J:?XJ\,6/C#11`[JLJ_/;7*_-L/]0>]6?"V
MF3Z-X8T_3KHH9[>+8Y0Y4G)Z5M3I<DWV/,QV8+%X6"E\:>OW;G-7'BK5;CQ1
MJFCV=W8VE]9R)]GTZZA.Z\A(4M(C[AD\L``#C;SUK1\0^)WT#Q7ID%U.J:9<
M6EQ)*JP-)(73;C&W)(PQX`[50\4^%]6\2Q3V=Q:V!9;I9=/U,2E9K-05.<!<
MEN#@`X.1FM/6]'U.Z\3Z=J-I%!)!;6=Q`_F3%&+2!<8&T\?+S]:Z#Q35N/$&
MFV^F6NH&X\RWO"@MC"A=IBPRH50,DD`GZ"H;CQ7HEKH$&N37RKILQ4)/L8@E
MC@#`&1SQSTK"'A[7HO!OAW2H3:>=8F*.]B,[*LT:H5(60+N'.#T&1D9YJJGA
M+6X?AK:^'@MB]Y!<HX*S,L919O,ZE<Y(&,8[T`=4?$FF#2K?41),8;@E84$#
M^9(1G($>-V>#V[5C^(?%J0>'M(UO2+Z!["ZO[>*24QE@T3R!6QW!'/;/&,5)
MXOT+4-6.E7^GP6-Q<V$K.UG?$^5,CKM8;@#AAP0<'I4.I^'M2G\.Z19VUMIT
M<]MJ$%Y+%`?*A0))O*IA>?3)`SU-`&[9>(=*O])FU2"[46<!=9I)%,9B*?>#
M!@""/<4NFZ[8:O+/!:3-]H@"M)%+$T;JK#*MM8`X..#7--X3U'4/#/BC2KIX
M+635+N6XMY(W+A=VTKN&!W49QV-:6D:1J#>(I=>U.*""Y-A'9"&"4N&VL69B
M2!U)P!V'UH`;X8\0R7/A.;5=:N84\BXN$EE5-BA8Y64'&3V`IOASQ%/J_B+Q
M#;R/BTLC`85DMVA=`Z%F#!N3T!SQQ68GA#5IOA]>:(\EM;W[7CW4#AR\9/G^
M<H;@''8_G5[3-$UFXU'Q!<ZM%9VL>JVT4(6VG:1HRJ,IY*@?Q9H`U].\3:3J
MEY+:6MR6GCB$^QXV0O$3@2+D#<N1C(S2:+XIT?Q#)*FEW+3^4,NWDNJ_>*D9
M8`$@@\=JQO!OA_5=&C5-2L-$BDM;<6T=Q8IB2Y`QAG)4;.`/ER>236GX/TR^
MT?P^++4$A69;B>0>3(74J\K..2!S\V/PH`WJX32?%.J:QK]W:0WEC%<6=^T%
MQI,T)69;<-@2JQ;YLC#9`Q@XKNZX34_"VK:WJ>FSWEK817=AJ`N(M5AE/FB`
M.2(]NT<E<*03MZF@#I-6\3:3H<@34+KRL!6=A&S+$K':&<@$(">,G'Z4S5/%
M>C:-J$%C>W3)=3IOBC2%W++D+GY0>Y'TZUA:[X7U.?Q7-J-G9Z/?6M];QP3I
MJ2%C;LA;#H-I#`ACE>.0.:U+G2;]_'&EZI''`;*ULIK:0F3#[G9""%QC`V>O
M?VH`O3>(M+M[V^LY;AEGL8!<W">4_P`L9SALXY'!Z9Z&FW>JQ)J^CVJWX@:\
M+LMN]NQ:X4(3@-_`1UY],51U[PS)JOB'2]2@G6)(@T%\A'^O@)#A/^^U7\&:
MIM:TR_O/$GA^]MDA:WL9I7G+R%6P\90;1@Y^]GJ.E`%F\\2Z38:BEC<76V9Y
M$B.$8JCO]Q68#"ENP)_F*35?$VDZ+,(K^Z\H_*7;RV98@QVJ78#"`G@$XK(B
MT;7[#Q5J4MFUA+I.ISQW,DDS-YMNZJJL%7!#9"+@Y&#GK5;6/"VIS>+;C4+6
MST:^LK^**.;^T8RSVS)D;D&TA@0?NG'('-`'27^OZ?IMTEM<ROYK*K$1Q,^Q
M6;:&;`.T%N,FM.N-\4^&M1U76+2\TWR[:ZMT18K])V22,;\NCH!B2,K_``GO
MZ=:[*@#G-8U;4+/QAX?TRWD@%KJ'G^=OB)<>6H8;3D=<XY%-UWQM8:!J$UE/
M9:E/+#:&\<VUOO40@X9LY'3O2ZSI6I7?C'P_J5M%`UII_G^<7E*N?,4+\HVG
MIC/6JGB#PYJFI:U?W=J;017&BRZ:GFR,"'=L[B`I^4?G0!MWNNVMG!9NB2W4
ME[_Q[0P`%Y?EW$C)``"\Y)%6-*U*#6-+MM0MUE6*=`ZK*A1U]F4]"*YK5/#^
MN&S\.7FER60U71UV-%.S>3,C1A'&X#(Z`@X[5OVXU>)-/28VL[,S&]D!*[/E
3)`C&.1NP.2..>M`&E1110!__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>91
<FILENAME>g147201kyi001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201kyi001.gif
M1TE&.#EAR`!H`/<```(!`P8&"0<("P@%!P@'"0D*#0D(!0L-$@<*$@X1%0X3
M&1`-#A(.$102%!D5%AP:&Q86&1,0#1T>(B$='B(?(24B(RDE)BHF*2TJ*R0E
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M?(-\>)QD<K=)2KA&6*M)5;=)9;I7=;11;JQ:9L$N.<(R/<$P-,`L+<(S1,,U
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M^OSY]OW]_?#T^>[Q\+_`PB'Y!```````+`````#(`&@```C^`/D)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+!O?AX[>/7[^.'$'N^R@2Y$21`O7M6ZDO9,>6
M`DU:E(FQILV;.'/JW,FSIT5E9"A10B2TDE%+EC9AVI1)D]-0HTY)XU8/XK53
ML*(Y>^8LVC-HT*I!DV:-;+5JU[AQ8[>Q(KZW-'W*[=D1!X"[>//JU1N@0`,,
M*TA59;@"@`$#`A`3&&"`P&$!!0X78+"@P8,*'6(H@PE1F@<,%A#-'3W7;@/(
M!0($$`!Y=8'7K%D;<$W`,`IH'',?+%P@M@`"`0@0$'`W./````8`O\O`PR:4
M"CN2`5``0(5KNDEKOVF#^N/@JF/^&X"-.G&!"'Z)4_BTL`4`]'['_W8<X''C
MQXX+))A=`(6S[`>U5(X%`C20``"5;*?@37:]!H!PPO7UV&N(]19;;^,98!@9
M"KGW6@.]19#8<?,A!Z%PB$%&G`/L,43)`+T=```'["QHHT5VS28<`/7QJ)P`
M]2&68F(I5@A``Z$DY.%XM8VWP&Q"'B;D:Q3*%@$`#IP"8$'K7-!7`0<<0``F
M6]YHYD(R``!D<E`N!F%C>$D(9&(')/#:`-<AI()AO_&8V%YX058A:_6A!@`&
MV"6$"0`+H-8``"5P=N:D"L5@&(2%LJ@,++`H8PHF99!PI8JJG4<D`#8@A`)U
M.\(Y`1G^D9111@TPD/"`ABHFMAJ(?@$@0T)='MG;:PL`(`JER"9DJ7S`U49!
M6P6E`PH)?`I):&T/5,./I/R<<.D``P0'@`D%W7./.-->265D0C9@``7M((0(
M``R,^-J5+"2;VTH,<9M0/>V8HPXWY*RS3CO^(L2"FKXU-D&-`'94SR5V@LA:
ML[61:9"W!>SHV+@"D430/<N(`".8*E((P"@'.>-`<!4.:\`"I)2I8%P1W?-.
M-[T,LPHKDDCBB2>R%$---_%`R]#""\#7V@1*'V1#``XD]N>.+AQ4`G6J`5?=
M"0GEP\\U&P"@P`'EL08`#@=9*N8!ZT(&0-8VZUM0/N-\(\S^+JL(TH8A/_Q0
M!1J"T")+-_7@W-#"(,I7W0/^)-31@*M=;!P`'="T3PY'SK<C"@IM9$H""32`
MMH5?BTW0.Q=0)X"8Y54'031V(T3/.,88\THB:O@`!!!!$&&((,0,(PXZ_%[T
M`@!PIYA:!5$?=`/#Q\T&P`:J$[0UW,-%!@#8"K6T,)6LW8E!.06=0D#'$*8\
MGJ^4MJ222/1LT\HB?H`Q1A)!`&_$&8'0!3.8<0YXV,,>*TE>12Q%GJ=%CR`=
M&85C@-2Q'H&`)OKP%MH@@P`&`*`%#0E%`,*$FC`!0`+8*,@,`H``"J:F+Y`Y
M0``>8`TS@00F[-"&+/RP!C0DH0?^0"!"$,^PAUGX@AG@2(<2TQ$.=!A0@169
M`77(AQRH,41]J('`;XBS`0QR[#4(6-\')9<;:,!M6!P,``6X01!G/*`OI4+`
M:TKEH!MLRTSS&`<R6-&&-/R0"$Q8`A.8`(="&!&)X$AD$M.!#B?&`QX)5![S
M7G-&ZSRP(+`8UAS5=+WLQ81C!U#`V62$`L41!!L*:(UK4K.!=1"$@<1!#96"
MXZ`-L%%!^JA?,0XA!A\4`0I3>(,;E``%*OS!%KX(!C.\<0QO.-,;B4P'/)R(
MP'R\Y(X3<<%[R`>D9T6''ZCXTAP1`[*"[.,$`;!3G43YO89@`P+I1$T+`4`"
M>N1&&O#^[-BP_#0L!!C`@Y202_+RN,LUJ`$+5W`"%`2YA"5\X0]&]`4P@@$,
M8`ACF=X(!S@T>HY&&A"!^[@'3?)!CW6H11S=0,=&;CB0A2D@`;(,`/08,KTS
M_L9![)%)/]")@)XFX*4``-T5^R+'T\DH$@3A3<=D5`$;="QF!$`;""Z)DWF0
MPQ5L\,$3L%`%*@1S"DH@0AZ.Z8NR[F(8PPA&,(3AC64F\AP=A4<\YN%)?KAC
M&ZYPA2,\P0I9]$(<YC!@0I9GI]<YJ`*14X@Z-$"=,"'@`.ZRP"T+XJV7VHET
M[<1F1O@QG0VVICJFR,T_&-"7]7D0!O700%_."*86XL:4%Z'^!S(<L88PA($+
M7NA"%YS`!"4HX0UYF(0M:F&+7>#B%[]8JS#8JLAP=%0><[T=.9"1#$<L@@U8
M.$,;)I$+9J1#I#%)2&%(QQH2(G8A.G#=&3%;@X/L8VL*Z&E/%1#4;W*C=9ZM
M4P`FH([<+`],!A+``I;!CYIJL@&/LN-.^H&,18@A#%?0@A>0\(4G!%,)2\@#
M(6PQW%K4`A>^R(4OA*'6`4(S'/)(<=YFNP@U9$$(0?@"\;QKKH[`=B#+"Q,E
MT4:!Q!JD'^!\K";E2+5G($2#KTF`"87J7H'818YR?!T$`!"#W%3CC?HIW0!.
MT!%G0`!,!9!OF">00B!?)'G98$7^%A(J!RI0@0Y?#:L;^#`(5<PB%[40\2YV
MX8MA`(,9;/W&-\)QC&/<XA5]2`,6BM"#'YP!$+8@X$?O8<T##L24_XV;)1."
MBA#HATI*EE&"CFPV!(CRL?55R`[DJ$G(`D`$;.Q(>L/,:@(DJ2.$#7.8PQ2`
M3N!$'\5XL""A0(>%3D$.4X`"$=[PAT$,(A"JZ/">^8S<9GX#&;Q81!_0\(4B
M]$^LA)B%,,#A1'0PTESHOD=#"J/CJ!YHIOL2B#IT$%_'/M:$+8B7O\Y9Z@0@
M8(2I-K-'/)(-'+1P@TD60`1"VQ%N9&"*:N.`OOEQ"C"_[@"H-L$[;/*-5Z2A
M"%1XPQ+^H!`'AM*!"7&@`R$(,8A9J$*XM3#N+JI]C%_0P@][X$(1K*"$)BP;
M#T:$YD:="U='VL.:T%$8\S9HP@PHK1_92`7G6!AF`3R6."4PAT),D$Y1^EM&
M^3((-C3Q@<J!V4[4N81'.E*)*;)0U-BLQP16ZUBX+0`6&-&',=:`A2,L`<-3
MF,(0%"I()N#A#XAW=B`",8L\SQP7N'C$'M#@`R(`<@E$@,(="*$+B[)5Z!N-
M*SSN0=<;M_1(=B(?!'!P@QO(X`4G"`$"`-!3UZC&.C28K'MS$("SD4[)'\P&
M-++QCW]D0@8:^'>H/TV=#;`L-]Q@K"8!8('^$F1\8((;JF?^4)&.D&,164`"
MLH_PYBYX00YS@$(QQXIX0@3B$8RW!>1I`8A%&^$)3^C"&YA@A2GD81:ZL`NZ
M(%'*Y$RAYU'V``_6E##Z$`_K4`[M(#:K@C*5,QR`L@"I%%,-4`G6%SJ\]U*G
MIF/-TQ?%H6,J8P`E8`I1DR9G)"8`P`FZT1'7(`&KU5,H`P!:0A'D<`AA0&Q.
MX`15<`1>4`=W4`=R8`13P`>(]P<L!PF,APOTAP988'F_1050L%M0P`>S8`NZ
MT(6=MU;/M%'H4$#Q<$#V4!#U8`ZR$`O$X%?B(`\=L2H60SZU81A/%1M1!B:9
M53<"@0\?L'1A$HBIT1NA1CH=@Q?^!,`!GP`Q!&$-%>`Z#B("D0-%+`@W_O8Z
M094P#/$.K,`%45!,4^`$4=`$44`%71!X_O<'>*"$B,=X@:`'W>8$%@8%3*!^
M0_`$#\5A>>:%R02&)]9$\1`/UI0/\R`/QD`,AW`(9D`\O4`.GK0J<%->IX,!
M#U`=`Z`F0](;L_<`*<00^\`!DV1U&(<`"2`!Q+$7!7`!'B`#H<"(,=$2=@$[
MDP$`FI`2(2$0F91]CO4:#(`;$M$*6""*ZA=XZ"<'<M`%43`%=#!6AX=XCP`(
M?/`%0S`$ZD=L4#"10U`$==!RM:`*'L9GG6=1S>0-@S97XS`.A+8*?I`&?M0&
MJ]`+\K#^<?'&#R;`,(/8,12`#=1@"I\P"C=`B%4GC@"@=@SA#R```$IV;S*T
M`M5`"IE`"3:``Y5`"9T0#=<@DPBQ#XP5C:GA`+I7$*O"`'4"-ZXV`Z97$/+`
M!DX03&]@D%$0!7-`!P?YEDV0!X#0!X``"`]9!SY'3.JW!&NI;$Z0!Y``"8/`
M85QH5B3&7.$0#GG#"[30!W=P!$(@!$G`","@1$\47@/Q1;$A(Q80-4AF=0<G
M4S6T$/ZPE7724S)"`Q:A/AB'-H]"+HK26'62?3.$'6?9$;R`!6_PFW(9!4\@
M!U#0!&[P@U%P!'B0EXSP"'W@!>H7!6X0!;5(G%/0!$?`!X3^``B#(%P=E@N[
M(`R_8&W?4'.TL`=G<`0\P`-5L`>T<`SR8&Z,!%(`,H&^P530TA&F$%6C-(ZM
MR1#X@`$C9&JB)"._PB\F`44(H4W:)T<`D`EUPPX>0'OB&)L`$%`-(3^'H)#!
M1`?)^01NX`90()Q0@'_,"0EH4`1<X`1'L%O(EFQ1\'<:UHK=Z6$QYPOC:9XX
M!P9-H`1'P`1V60O-!`X=570'9$WW^%Y+5W6]D0'^0@-F4V\8EQH0\!^AHUKR
M-5\!\"L2`63.P`"MA6H?T($($0JN<V_D:!UDNA#?@`5R0`=O``5R\`1.(`=1
M(`=V\);)&05]``E]4`=%(`5R\(/^3?`$PBFHRC96@0`(L]"=P]6%R/4+N_`(
M/E0$3]`$A7H'@2"2&.5<8SAZ]@!>NK$UFN0@&2`3,OAEK#6(`,`"5,4/`9I.
M/65U]*5@$V$78DE)`1`#V(`-ZO"K[*`.[!"LZO`.V6`!Y.A8HQ0`]>@0K8`$
M4_")"N4$6S`'43!XQ"F+3J`'=[`%4O`$4B"G42`%<^`%4T!^2G`'-.ILC"!_
MR$4+?X`&76`$1@`%3I"ICX!<$X51B=1$C012-B80^3"AA54^`.!T!Q&/JVI"
M&(H0ZZ!::,.:"A``MOH0^MF@]L8`$``!#]"Q#R`!$M"Q#@"R@?A8Y!A?!;`!
M:YH0KP#^HB(*!4=`KG9JJ/<JBTTP84/0<R-JIR-Z!/DW!'(`"'\`"(LG"*H0
M;;:@BM[FL^KG!C$&:65%@,J$1(P45R(%1?G0`4L'4PYB`3(!$]B0`19W;UWY
M6@>A#B$PH*$42@!0L0[Q$5]T-A:B&K>''#S"(Y7#0E`&-Z,$`+[6$*V@!5$0
MITM@!'3YEG;@!%(0!78PHG3ZB7EZIXNK!510!W6ZG4LH"(Q`?WK0!,$SHDY@
M!TV0!'<P"[CP87VVK^#@743:4<BCH/GPAX$80P!P`0EA"4@)1BT(`-R'$.I@
MCE\77Q,K&A#1$:0P'N2C:Y2D3E`6([F:O&%2.GM(1L;`!5?^&*=VD+A-L`5/
M4*+%&:X5*9SXAYU/4*Y;D%M?H(1\X`>/\`B0P`=@8`0ZJU!-,`1&H(6TL`IY
M5E85-4!(Y*GH(*H%\0XBP#P7IX<7H#CK4,`B.(ZK@7>2TA&_*P#^)E^U*A'[
MP&Y"=B&O,1PI,XCR%$.L.4L0\)4(,0YJL`3)U@36.JYTV00*A6&^I012<(M1
M\(,MBG](<`1T\`=ZH`>$``EZT`7@.HJ^%:='L`5ZT+ZJ0`NV(&(5]6<#)(;H
M@*0'@0\3NH_Z07TX$T%@M&-Z6`+Q0A!`A@T/8&H63%\!=98#<0I@:H*^L45`
M<AQ+126F,\(;C#8Y%3[Z\`H*Y;W^TJFG]=L$B0L%Q"2*<V"G@.D$78`$5.`%
M3J!R@$`(?%`'1N"SGVC(<NJS?/`(LZ`(M(`+3TR`4JQ(]J")`O$.6=Q"^^2U
M"?$.[$9"PR(CEG"V;S1?\W6A$C&!.C8G"X`Z!1`N=(NW=7BWRHN;(O"J*L$/
MXX`&<<`$PZFGAOJ66[`%Q$F1(UH'HS@$HV@$6J`%"#D%=YD'HDNH%)FSQ8D$
M7M`'B\<(JZ"+_*NZX1`/FPB.839*U8$!`G<0RG`:@<AT`9`!)JP.;S2.0CEJ
M#=$1T0"FV9<`,Y0)RG`*$ET*HU`*I!`*J"`*G-`)GR`*J<`)32&[479Q`L`R
M-Z8/K+#^!=+JN,)YIW/0O5'@6].9IPKUK2VJ!5N@6WQ`!SVJ!)^(J0IE!/>J
M!7P`")#`"/%77%$[#,PPSP[Q#N#8H`Z*`3=F8'E81P#"#1#`FG7R4T,Y<`ZQ
M/&))EO`S$:/`,*_#F@"@`JA,$.&@"$@`E\G6!2\MOJ.H4(Q[K:2(;$^`!'.P
M!4@@!0KI!IAZP^J'UW*P!4:`!MNY>-#F8;DP#+O0#.!`SQG*#_5@SV"6IAC0
MUOR0#U^DQ0'0`(DR$-@@(K'I;P=2RZ;7$9Q@-F,M0Q.@+0&K#S`1L";Q$;!J
M`2.D(DJ9)`TQ#GY0!'+I!7"Y!4Z@S88ZG7,P!]D;NELP!5+^X`1>@+Y:0)''
M:<C@*P7@?+Y]L)V,,`FST'BYL`J^(`[P(!'M4#9DF62'TA"ED"NOLSXR8D<F
M80T./8XO)2.;\!!8W'O^B2`4T1%IHFL2"RD/<0P'50?%9MR+&ZZ&VMS"V<(Y
MW07?6JVZ%:[&:<B1.Z=/P`5W8-2`P`CC_<3@&0YL7!#L(*#_7"<`<$'>N">]
M/!PRPHVZ40TB(E]?!P#][8W\\`EF$[UH@T(640QH4[*SJR6FIP_CH`@^T`2_
M.0=&:)#.;:A/<(MR4`?1G5OB.Y=;L.%*T,+6*N5?T*<C#FT>F0OBD.)<8@%(
M:8DFQ`']P@_2\`"OXQMZV+L"<0W^J12]+70@S=H0\)7:`>":%M$/[.9O9Q<`
M^>+9N4$.K.!'P_D&<*G-=GK);SG=B3T'4E"M=XK3HWC#34#7Z"><75`$=ID(
MCT#BJD`,*%X1ZO"(^J'?`<`!;-QV<!,<Y7,:Q](2UW`:I*.L#^H06DV:/E4`
MRJ!9$W$*+;[?!P`!1I;BR<`&17`$);H%=-"]=5`'>4K844`'*LW-?]W2BWN<
M3V`'""F^3F`$==`'J^[)JP`.US01ZC!WP5XGYB@"/LX/6IU]I8HY@U$-]3*.
MCT5?&L,0;;?5/A4`&/"J#L%O+<ZV7`H1X[`&/H`$""D'F&H''NH&V?N6((J=
MB<T%U5S^OE(^S=-MJ'-J!)JZN:K0"VQ^$&8\11XL(Q\`$?]5/I$A-[7,#]2`
M-JI=)U/6(@M1#A=0`!`07YAEWQCQVJ$F2F>#`#8>$?2`55G@B7'PEJ&K?AK?
M!.&J4.C'O?2*?YENKV[PTEMP!#[=R:$L#QBQ#B;P`!J0`1*0`1E@`1"P`IW!
M`0R0``SP]Y"%-A:`'=)P&A8G`%-V+#<V'8@QS!5@I1C!#N"('"PTS(9NL0-A
M#.!G!-/=!"-ZN-,LIUU0K71Z?]ZJW7:@S;*HR4O\ZACA#^[0#NXP^P:C#F/\
M$.P@#6`!#='`^]$0#<K07_AP"J8@T?^`"J5P"J7@C@E1"DO^80E&813^:!.F
MT`(M<`+8GP,Y<`(E$`/,#Q'Y@%73;:^?:*?-;:@IO[BC7[YV`*Y+D-CC&M<+
M!05N<`>]P(>UD_^AXP_\[P_]`/L`\0[?/GX%#1Y$F+`@.4=BD@2)HN5)%RA;
MDCR)8B1*E"UVI-B)TN3)'"\<N6S9HF7+$RU=CJ3)=<\@084U;=[$J7!?/YL\
M^=',J=!G4*)%C2K4=^R5F"M%GKR!$E5)%"A1[#QQ,_7)D2==4:*<TU6B'"H]
MBN#)!4[F4;9MW;Z%&_<H07WCDB7*,D:CDZI=*&YQHN3(EBY1N#C9(B7*$2D8
MI6R9LQ&.E2%G:H6S)U?S9LZ=.0/^U8?LU9XK0:!\H0)%SLHG<C@6AJ*5M9,F
M5!5'B7S$R!E!O<#E\QQ<^'#B">G=6B0&C`^G5"+[51P5RAO7&Z-(D0)ER)`H
M73D628(FC9]5P=#MTX<P_<'UQ=V_AU^PKBQ%:BY2_0*&Y1,E4Z,X"8DJUY[@
MHC&,(//""RR0.(,*-1CY99MPZ`$.I_;B(^Y"##F+)YQ>6$D#B>V&V&*C[)QP
MPH["IDAP#LCDH*B.*JC(SPOLGD@B##'86",11UQ!YIMQXEE/PX*&VO"M?8#:
M)Y]PY%D'G7J2/&J]G0X*9QM:``&#"RZ::`)`*.BH0XZ)NO/B"2K,I*(+,+[P
M`C#<GK#^PR,OK\`B"S#4\(,17'K1!IQSXKEG27[6TDD?H!*ZT,B:'%4TJ'ON
M@0><7EI9Y!!9M&&'2L_HV2891]@`XPHAE"`B#JKB@(()*)9P8D"2_'J"KR>:
MD,(-Z[KPHHLOFB"""2:<.***,_`09)))B&E&G'/0D2>>?-#[K*U]XI%'GFZ\
MZ247904YHXKQ7M%&'D<]5=(@?>BQ:Y$^U.C"""*&Z$]8Z:+P8HHNYH"B"2BD
M`-,-*$9"@@HIDHC"U2F.(*(*(HC@(>(?JOCB#(O1$"0011AIY19DD#GF&Y''
M>5*>>4X^.1^5]4%Y'GI0IB?F<68F^1MCC.F%EU9:6845/_#^L#C<(W@@X@?>
M6IE&'G2)(VA1?>3!V9$UTL#"A]*,B&J*(9Z(:@DE.HJBOX@>>T(*)[*+,PI=
M;X,-P":4&$(*)8*@.PDIM$#B33#`P`*--=9@8X\U%/%#$5844601POWHT8\V
M_-A##\GU\$*+!+>@E[8@FA"B\R2N2$,18KK);*:EJ5R7'&-$?3<++'H((@DC
MC`@LQ<"6@(**)Z:(8@H8SX2"52<LKQ6C+U*B@HJ"D2A"-RF00$*+(HK`XHLD
MIC^BB!E1&[B.*6IEF`@@'B:BB#:W:B+YN*4H0H@PU#BDE2#I06C1TT]/7;1%
M$B$UC"^%:$(0>#`$W1SA"$T0V!+^WN`U)52%"K5APD:FD+4I).][5=G(JZ;S
M!CI080IPX"`5.@A"%J&F"U,`$(I2,X2SX:@'GP-#'QJQB%ML8QSTNU\.U<6>
MA.3#939#QBT<L0@VN`X+6$@"%V8',+K-32H-M%=@A.6&";YA"G&`0VR"%P=7
M68$)7+07$[SH110]H0AT$P(2/H>&/9Q!#8-;13&TT8T*Z="..3F7>N8A#W*$
MXV/)X(4K7O&*1>P/<&P00Q:R$(8P7($+81C#%7PPR3%,<I)"F.3GKA#)*X0A
M"XE4SA[\D(A$+&*0LC#&'.5!(4=1BQ]YO&,L=U@E?>"#7>,@!SF0L0UD)`,9
MQ4B&*UK^(4AB%G.8M[A%,8#YL6^0`Y?S>&51["=+:G)&0TBJ9C;O.$WA(`D?
M-TD/-[4Y3G+:1)P_J5\YU;G.<Z[3G>^$9SSE.4]ZZK"=]<0GNN[I'@WM,Y_K
MQ(<I1C$*:)SS0NW@1KK8\0Z;P/*?Y8R&`QC@@`+$H(XWH80'ID24)1%D%#;(
MAPM>T#1^U&,&9#`*-@OBSX<61QD%L($U1```6!3D'>I`R#O:01`:/`"G;+F!
M".Q!!I0:I!T3\$!+\5F*`6B"'S0`0#'XT8D/7,`$T2BI)4!P@C+LPP438`<^
M:#"*@X0"!2B@1#OX80H6H+53-!`!/T@1"W[@`Q-C=0`+#J+^C&HH0Q3\8,<G
M*B$*X.SC&:2(AEKY<0U1D.*;):4)0^NZCVLPM!W02*A-J\$-DJI#L4K%"4].
M`0!*/`,#'?#'*1:`@E,\``/YV`0`7.",3UPC!AAXAPL64`IT6J,!*""%)911
M"@.@@`P.0`$_;""">FS`!/P@`P!>`-45'*0$%$#!"M9Q@@FXP`(QX(<E(L`"
M&Z#T$@7H@`5$4-D2_%49%S!%-3C`W5&<P@(66$$G]A$*#E3@`BXH!S\NP8$5
M;.*QH+U)*0"``@S0=!\R&(`R^$$)`&S"`Q90ZS[:$8,)O,`!IECI6@&@@G7D
M@QWI[10.`'`-,I"`'=A=QP-$H`_^:42@!0?I0`>PL8Y+#(`2_,!$`9PA@@98
MHQW4>,<#/E".4PP`P`ZX`3]$`0#A`J`#HR!%!2@0C6ML@AH6X,`S/@$`'&`C
M`C=0QRC6@6!S\H.IG!@S>%U@@&OP(Q0`L`$%GKL>&`2@`1.0AGQ*2@8...`"
MF2"`"@J""0"8@@PF>$<%7$`-`$09&PVH;M,XX(*?B&``+)"!"S8PBDQ$8`*C
MOL8`/E&0$SS`&1?X,2D`@(EG^#B\`."$06`!``Z4(08%^(`R,'"!&\""I2V=
M<JX]``!J6`(`H>"'"P@0BQ(TH,[U"*D%1O$`#V1VLOP810!(<($.?),,`:`&
M&4X0Z1?^<,/)_%`'<F="X(*@8`"Q:`<[UO%-:FR"`A08!0%6S0\2/.`9$["$
ME"OL#`"@E,+0_J8RR'R*3HA"JL]@P0($`&(VVZ04#EBU*1@P@W*(H,,%D,$^
M2.&`#5@B$MQ8@07V\0D"H*!"T;A!<$G+Z!AT8@+/C4$)CGH"?I@``)GH!`#T
MNM(-5-?.!CA!-:#!B76,PAE>C0`T*K`!;HP"`#&H!W[S<8E9,QRE31[!._3A
M#&H\8`7`4<<U],V/3%"9&YPX<,>-ZHPI[0,:-;U&)\HP"IH\`P<X<.\G"&(*
M2ZRYI)QX00ILT(YX5`(%*K`!->S,B7R4`1/\D,8).'`#%&3^XB`TV(1!?(X!
M$5R"'Y$XJP5L`&1N6Z`$"3VN"U30@$\XPP&I#Z\!2B"#R9.!`")0`0F<X8P5
M7,+DUZ"$`:JA=[CX$Q^?_4G>!5T0?#A^48]-CS[*P=>"U(,:IYA^0:I17\7N
M0QG*4$<UZH$/:'2J(,K`!";6G(]G7*(2REB2:"@#2J@I:A"%C:*^F=`'*^&A
M!"0*ATI`"&2:FFBG>S(4CG)`:;H^!,S`#H2+4J"`"P"S7$.GGZ"):>JH$`NG
M$C2=$%,7@L`$Q3.=<K`!CHLF]?#`^""(NKN!3W"`(DL(;CJV:.JG@_@`#N#`
MQ7H`&F!!%PR*=I+`'"P(1`,QJ!+^+$K`@1O`!TM0`1F@A+BSA$Y1!\)2!TJ0
M`4O`*74(!6C(A#!$"&ZPA$HX!9IPAISC@!)@!VYXK'>H!U/`AH)8AU`@!8-0
MAU-0AKQKAVLHG8N2PKBHNT^HA@H0@6AX``<@@T]0,1O`!`:(@6=8`&BCA`N@
MAA+P@$_```YX!V=;`1N`@!D(,7SHA!I0`0%PJE!H``N@`0-8`6>H@,]3!Q<@
MA0[XL5&H``O`@4_0AU#8``[P`!&`!G[(C&@`!6K@!'7(!,=KQ+B(+1N(!!@P
MAW*8`!RHJP9(@8*X`0*XAA5P@7I`.$ZHM'*(`0`8A4J0QZ?:@&\*)VQPAVS(
M@!R@!P[^F`!KR`<,6+<-V(!]R(0-D+@7B#0+@(9V,`5E<``1,(=KF(#D(HAK
MH`9R*(-IB(1GC,)L#$(!&X!0F!1^X`8*B#)V6(`7*(@Q@P51X``<L`!SB,>M
MXX`(*`5G"[0;^(`#PP<<T``-0(`2J(:1*P@1B*M-&(!3.`$R*`<\\SK@`S=>
MHP$9^$'[XP9J6(=8Z(18>$:1=(OT,#YC(PAN<(#9:X<"<$5^H,=H6(<&&(`H
MFP$`$(5UX(;IBZYGQ($2"+$I8X%8N(`1D`8#$$=^\`"_O`;7FH!JD(:&<\=!
M)(@[(X$;(#Y,6(_NTS=K6`?[$TNWJ`0".(5#62P#F#U]4('\"5B^#1`!AAJ!
M"`BT4#"`%V"'<HB%?8`J"9.!#@@Q>@P%?0"!#EB'#<"`-?NY@H`JO7J&AH,&
M`&#"??`'90B`MLP'>Z`_R;K!SX0+9:"$-2.(>B"#T02L&:"`"H@!QX,%:$N/
M4[@`!S"!5?N$VP,R)D0G:N@`"%BNZC*%6RR##8@!@G@&$7`&T+/$\%H`$[B!
M3E`N`B@!'%@!4OB$`>`M[>0G@[B&:V#$@RC$:OA.^ZN'3FF/-+,&;L@L90C/
M"UVI<B`(?'"&A-J'49@!'.B4=QB%%4"!57,&&IB^(:30!\R)1>'16>I1>G*H
4$\S.('0E*W$E)^0AT`C)X0@(`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>92
<FILENAME>g147201kyi002.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201kyi002.gif
M1TE&.#EAJ`(D`/<```$``0D&"`L'"1$,#A(.$!82%!X;'!H6&"$='B(>("8B
M(RHE)BTG*2XI*BTW*3$K+3$G+#0M,3HO-C$Z+38R,SDT-3LV.3XZ.C8X-B\N
M,3X]0#A&.$(]/4`W/$,_0$5(/T5"0DI%14U*2DE)1TI40T942%)-35-/4%17
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MP<2[P\B]QLJ_R>FUQ?.UR\/`O_K-A_C)EO[;C?K/L/OCM_[YN\7#P\G&QLO$
MR<S*RLG(Q]'-SM//T-'0S]33TMG6UMK8U]W;VMG7U][DWM[MX>#?WO?-R/?+
MUOO7Q_C6VNO'R_K8X_K/X>'@W_SGQOSHV/[]S/_XQ_[\V_[WV.3CXNCGYNGH
MY^SLZ^3JY>ST[.?TZ/#O[OWHZ/WM]/WJ]O#P[_[]X_[^Z_WUYO3T\_3Z]?SS
M]?[S^?O[]O[^_O?[^._P\"'Y!```````+`````"H`B0```C^`/L)'$BPH,&#
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M0_P@A!`ST(`##232\,(+**1X(HHDH$#"BR^XX.*+)7SPX@<?C#!""2+HJ.,%
M&W!P`0;+",0#""(DV6.2)XP@0@HFG)"""":D(*645*:PP@HJL+"E"BF$&8.7
M,8S9)9=AID"F#"O(P*8,-=AP0PXY[&!G#G/RP$,//OC0`Q`^`"$HH((:@<@A
MARB"B"*)--KHHHH\(LDDDT@RJ8.8,M@@)YQX8F`H!89"2BBEE()***&84HHI
MJK(:BR_^L/JB2JR_U`J,+[8"$TPP]O7J*WWQU>>,,_0-ZPPTQPX;C7O3K/=>
ML\V>9PU[U5!#7C788DM-MN2EQZTUXI0G[KCA@BM>N>.6)XXXY[*;#KCE:0-N
MN.RN&ZYXYUISWKKP6I..O>B6]ZZ]_^K;;[KBEBNMN-9F>]YYZ:VW;;410VOQ
MML]"`]^RSD3SGC3-0@/->_`!XZO)OY@,##`II\PRR["RRHJLIL2BBBFDK(KJ
MJ*"``FK//_>,H"><+OB@)$=+$HFBAR)RJ!%00PWH#X+V8+6>>MYP0PTU:'V#
M#6.RP$(,6FX9PY8K>-GFEF&>X/8)2D[9(P@AU%VWCB&,X,'^!1R,<`$(0EI@
MP06$7U`!!19T<$$$$51P@05",AX!!0\\,'GC%1P^P004=/X`!1A0L+D##FQ`
M.NFCCW[Z!J:S[CKK'Y0@>PDPN%"[[;7?#L/N.N"@@Q`Z!!_$$#H,L<@0R"-/
M!"..+._(\\]CLDDFF6"B"2;2;Z+])J*,TLHHX(]22BNMI,(*.P(Y4THHHJ#J
MB2:>O`__)9I<4DDEE^0/R?Z05(()_XUP1",:P0A&$-"`!%R$`I$W*",@"@B'
M,$*@`C6H(`"J!SO(`9_N=(,>\,!.&8P!U[@&-C>QP$INBY*53%"E*8&`A2$0
M00A>&"43R)`#,P0<!^BF@0MTX(?^'="`X`Z'`0E0P'`1:$`#(C"X"C!.`E"4
M@.0H<#DI6@X"E8,``R#PQ`@P8(N5^^(#&K"`!"S@BQ!08A8;\,4O-L!RAD/<
M`R"`Q3>.40$*6(`>&=``""P@CPM88@7(2,9`DA&/2BRD'1EPQD:6,9!N9*,:
M&Z``!BC`C'K\XP+&&$A-OI&1EDP`(#.Y1$J>48F,/",G*\?),_)1CX74)`,J
MIT0%+/$!>JQD*CN9R#_B,9.Y_.(9TVC'3(I1BY6T'`6P2$4*2,")JJ2CY+X8
M`2V*48H1J%P$)##')VXQFX'48@4Z$`$?@N"</N2`.NU6-[K)D)UR@QL+H^0V
M%71)!F+^JP&=YJ3!'?3):E83%*(BB*@A#$^!"F0$$18Q0$L,L!&6N)]$-5$)
M35A4?J(0A2M<48J-HJI4J6@%*_[#BI*6%!;+(,8R5NJ,91C+62"CUC7($RYL
MM`,;V$@'-K*ACFSX]*8^M>D[ANH.HK[#'4@E:C[R@=1\Y,2IK.&-5(4C&>A8
ME2.108M4E@I5Z^3C.F"E!SS@@52DLL,=_\@.=]C1'?"XU3O?\8YXY(HOFM*4
M7O(RC[RDI8V].LM9Z@&9Q9K%+&<9:UC3.*QB%ZM89@S+L<Q8!F1=FI_\M!2R
MCJ5L99T169;BY["6!2UC.3M:QB866B\M[&`K-MAI/.Q:\O+^EKKNJHUVX0NN
MZ7BK.MBJUMZR0ZR]M8X_\$$/L'YUJ<+%QU""<U6&2*<YS'7(<Q,R&H+TAC.B
MR<MML$N7SFC7+K"Q25'(PA?M$F:[X`V*7`"37?:ZA#C.T<QTFTO?C$37(O-%
MSG/[HM[8Q"6]6B7O6MI2WMG`%RBKF>IYI]H8@5Q7(?>MKX0G_)P$&\0WW>VO
M@M>[%PT7)KW;;2^'O\M>SW@XPW<)38--S)G/'&;!ZBTQA(=#X1K;^,8XSK&.
M=\SC'OOXQT`.LI"'3.0B&_G(2$ZRDI?,Y"8[^<E0CK*4ITSE*EOYREC.LI:W
MS.4N>_G+8`ZSF,=,YC*;^<QH3K/^FM?,YC:[N;Y1!4MELE+=-]O9RODU28?O
M7.2M,#G";P:TA`7-YT(C.1V4B)\HLB&04G@B%)]8!CX&0@U*%*D@XA"%,RJB
MCE-=NA_L2`4J-KT3:PP$'^I@"684(XX\0\3/$G%U;F3-D%6((\KT8$4^*@**
M=!B$'JUFC%&L(X_A:F4:J1Z(-5AQG(&XIR;T4,]ZJC%I*?N$QE3U,2H`0(``
M`$`$Z+L```8P;DD`Q08`0,"M">()`*@@Q@_Q00AV\`B=4$($0*`$0:H1`YT0
M(P:%F02IJ^I@@Z!B&L[M1Z+AW1!G5,D$`Q^(.HCA$%"4*1("H48,3(`(G3@C
M!?HVR#_^'E%M@2Q#!3.H`0N*1.B*K$,17:)$M9T!"H*P@Q2X@84-1B`#9ERD
M`J1HB#]647)\P&(GDNB3K_L1"E-+_`<IV(&O__$)G=`C$K\U`@9W4`-4%(04
M$?<'(O39@QP$72&D",'1"\(*$Q0$%$Y/!P?,;7,@Z,0$GBC()T2@@AHX72#X
M0,1Q(B$V&82`!2571PU4$`)6"$01'&"!"2C>CT.$B0<W(4;?=Y`X]"FYY0C9
M1\(%LY4'<X4?^NB'/HJR#W_L0_0%X0<_O"$/@>@#'."H?3_BP8UYQ,,;_9!'
M[R-RDU0$(`BPL``!@LX!`Z`B$0-0@*G3$8$"!$`19:$$`&3^H'I:^\,$""<(
M#OY.Z10,)!4A.(@GPA^11S`#'Y'8;P32/Q$1/((?E/C$7YS1@WXLX^BX@0\I
M``O-`FHA(`GJD`)`(!#T\`AN]Q?LH`'-)A#6``N2MPSD)Q'+X&O350T<X`.L
M4`HAH`*3Q@H"D'<W80T@X'D%(0D7\`C+<`@+2&L$T0%>-UWX8`&;EH+]=Q/.
M(`*HX`F>EP*I0!4<<`/3X`-NQPXCX'GIL`";A@J@L`J(<`"?)A`XP`DVMP``
M$``$```U<!?10'[ID`+]EV"/D`,$`0L*P'X]`'!<\0CZ=A.2\`-!P0H=``MB
M]X`"X0,5(!#LL"[IT`%T=Q,UT'_^RU`!Z;`,#4`-_4`*'=`/UJ`"].`/*?`(
M4=$/(Q!R2;8-O5![WB`,J0<.NL`+O;`+HN<-J-@/O%`+O5`+NE![NR`,-J$+
MLP!\`D$.LU`+NW`+\3`+M#`+>+"*\O`*<H`'>$`'W]`/W(`':7`+_C`,<H`&
M<L`&L]`/A:`&T[@&W%`0WH`'4R`'S-@&5Q`%:Q`._3`+6X`&4A`%=.`&6Y`&
MW?@0-X$*U_</&!``7M<!!<`.RX``!;!IB%``(A``'E`0[<8"_>`#'&`#+X1P
M^/`('!`!5S@0['`!*8`(U48-$9`"6L@5U)`".H$*(M`/^#`-J1!^Z^`/Z3!I
M^.!TSD#^>>R@#<20:LR`/I/F#!Q`#$['#^F`%9(@0H[G#YZW'391#2Q8$)?X
M800A@S9A'08!"PM0"IY'"6HHB1VP;LX0A@;!#B`P@0-!"=AW$3'@=8YA`A\I
M$"J@AJF``!=`:M1@`B4W$(F8@181`D7($.P0``!W$XA0`3H!!"$`EC8PE"8)
M!)/V#Q1`#_^`>`*A#AS@B`-A`YQ(&$!P=@.!:`,0`<20E)47"F4Q"0M8$#5@
M;C>Q#A50`-4`%)Q@`VN8`*9V$Z6@D$`1`YAHDBG@>;!@`""0>D!AE05'#2'@
M>3+P"8APE?[``=/@"377#ZEP`@6G"#O`9(*0!+O@#W*`!,/^T`]Y@`3&\`5(
ML`O]L`9%(`S@,`518`Q@$)[R$`5=,`_>,`5/0`Y`L0U/\`1*$`;=,`5,0`98
M@`1[T`^T<`1D4`58<`2R(`]<X`1G0`C@(`5.,`9>D`1YT`]LX`1D4`9.0`<$
ML0]K<`1V0`CQH`9,8`=E4`1PX`^!D`1N``A5T`1V,`9'\`H200H"D`$-4``L
M@#X<<`#-!P`LD!,5L`#L@`$!R17:YYHA```6P`)`V@]!```-P`*&21`G.0TL
M,)KI``NL$`(H*!#3\&X"D0HEN0P?&`*ET`\G(`V4D*:2,)V(T`-&@'V=P``V
M,`V38`)>MP,Q:0!&$`.K"0O]-A#^^J`"XL`*<.@#C@@$)+<#9<=^^Y8"*E`*
M,V$$/I<#XD`-1M`/)L`!^.`)&%1O7)$*5A,"/K<#<ZBFCM</Q$";!<$.'@"6
M-Q$)B2`4B@`HFV8-.>`#@>@#4(-PSJ!U0$`/[/``N4FJ/A`*<RD0L``"4+$,
M%]`/I9`"TZ"<_1"7R]H/.["I59$.0-`#AX!QQ*`(AY`#FS8-5J,(1G`3E.`#
MBO``CI<*-O"M/F<0K!`!D0EJ%6`!3L=U)S":_4"E!2%ZRV`!_4`/%B`)GQ`*
MBK``JSEID2"F!=$#-0<5K```%9"4'9,#B,`,2]</C^`#,78"ALD"4+>#_3`)
MTSD3ZD#^`8<GJL2P`G&X`C?!#)Z*E9YP`I/F@R'PL?V`"GS8KJMP`;[F#!3@
M#T!`>>(``D['##W[>?TP#EGP!L-`!5A`M5DP!O:0"T[P!L(P!5=+"TH0"/R0
M"T_P!KKP!%.`"WMP!+9`$-M0!5*0"\I`#EEP!\I@#'([#&H`!<F@#&-0!-_0
M"T<0".7`#[J`!&U0#LD`!>+8!DC0"^7P!6E@%[SP!&Q0B=S0!%9P#_6@!E$0
M#H%P!+>`#E5P!>XPNK?P:H]8`!9P`!&PFOW0?"M@!*4P:9UP``L@`P80`#/`
M%9T``*YI`@%P=`B@`NRP``8@F0HA#B:0;.D3`G9!#>]V$VW^][/FI@B_"W'I
ML`,760VL,`!.,P#B,`EPV`,IL`[]4`/$(`X*2:K]``)?JG`4@`J44`#Q2@G5
M$`'L,`,4"00@$!W3@`,+R`)%:`+60`SF=PB(P`H%X`FK@`"5"12H$,`XD*HG
ML`H"\6\'L0XA,)<W\0B((!"((`GZX`Q,NPP/D`[LP`&WBPH6P`^3X`/^L`)Z
MP*FE0`TS8`WKD`,`.Q"DX*HW00T5``^IP`']4*VI8`TBD*TQ@'%#H0\<H`CX
M(`E_>`@-P`Z/(`+^8`&B`'\&T`^1P`'K@`H&P%D8``WKH`"IRA6-`@K0B0/:
M6X1*<0.7)K!0P0P+4"1>&0KF0PG^"R"9J#"<!W&9!I$*`'`!+,@/*\6QOW!K
M(3R#!,$!E^8#(QP#",>N_2<0,H!]^,!Q_B>Q`@$$(L`""5!SG^P,ZS`".I$.
M(+!V0,$*YD>'TTD))V`"!*!_?$!Y<8D^R5DD-*ACN3`%6F`%=T#,3=`+1!$'
M5-`%5Y`'55`%:A`/-G',5(`'=4`%5.`&J;<-N.`/W8`%:C`3\3`%;^`/VY`%
M4K`-8'`%X1`/;*`$WY`+1;`'KY<+2G".N]`$%<H&34"+7[`&_5`+:/`-Y``%
M5C`,X-`-IWL+NQ`%;*`/JBL/5F`%Z9@$M>!J-P$*`/`(/0``*3!I%U``'"@0
M*>"Z3%3^`!&@OC<1O$H*`$5R`.9W`0%`">*`#Y1@`O5JDM9P$[!@?O2P=)\`
MAP+ARM6F"&$("D&G"-RG`D5B`QRP@)T``E*(<Y*PJ0+Q"2?`#NPK#BHP7"+P
MIT.!#V$="90P)J#&`B=P"/W0`2H@PJ!9$/K@=-:@`?HP`YN6`N)`#&&8")1P
M"`M@!(ZZTUQA#6Z7")L,F;*[#%Q9$.O0Q'_A-#;!`DX7`ZG@#`#'"@&LEM/P
M"8[G`].)`],0"GGG?R59$-80`9!\$Y-@?J*PV<YP`8<`V7=Q"+3)$\3P`.BC
M#N\&-?V@V2JX:Q<I@+=Y`LP0"5PI`_,+%#>`<2+`"1V`#S7^,`E`,6F3$-<"
MRQ75T``HJ'@#(0X6X(@M['B),1,]$'0)9GR*;!"(`)IVD0B2/!!JUP_28`"L
MX`P=4+$@RY7^$`*D-G:_S7TXL0X4<)4U\`#$\`@4*1`QP-:HS0')!G)/:0(B
M^X@AUPDRJW`.SF3^8+=(,`?C$`9*$-$"80Q/,*/W4`5(4`M$X0_(\`1(X`V]
M@`1;H,S<N02[T`U(P`4SX0U9T`1<8`5',`?]4)U<(`4P+@SH$`94(`5S@`[K
M&053@`05"@9'P`O\X`5NP`]?L`1$+@A/L`5LX`^V<)]/4`3*+`A'D`OZX`5A
M4.1.D`L,AW8!(`GT$`$```3ZT`#^`>!KJ;<,!*``#PL"'0T4E2"\_D#HCD<`
MZ4<*!<!M70H`/``4[!`"D>`)'=`)20P"<D@!L"P0-I`"K!`)"-X/GR`*E1>&
M\PT*!>"(ALT,U@"G_<<.1H#?8;H,SCMIAP#3!+&5%AD!FV8#!G`<0!"&S@":
MTZ"^@%@!K(`//F!^,A`)ZA`!\(`*YF<$D9!\Z/,(CG@3GC#"^!`#"S@-'8!P
M.!"&Q2?*0*$.M$T0#B00/P":Z7`!X`MPZ>`!OB8-$>`/D^!X&L2IG+7)@FV2
M6`$$'+!T,.QSGQ#`-]$,KNM>7DEWZ^`,[%`!1;(,Z=<#Y@:)Z:"(K+H`_9`#
MKJD.#]#^V=':#QBPW#9A`D6B?=@G0?T@">(=`N&'QX#(`5_*V\K5#]N-<`T.
M8P.!`VEZ%XB\WFR'LB0LLEBA`D='"BEP`S!``#)0;9$PG3?Q["\)`FE:"NC.
M%:#``L=!#PZD""QP`/I&">8G&37@`SA-R`HGDH]I`L_`#!?@==,``LK.X?WP
M!V>0#/U`"&>`#*MV#H`@!L#W!W90#P-A#W_@!_90#V4`"/8@$(0@!MV`#F;P
M!ST^!6-0^()`G_<`"&;@!X,`"./0#\D`"&4@YZE/^H-0#/U@"(2`#OQ@",;0
M#\8P"*=O#\4P"+?/#[WO^Y.?#(9`^\>`#%%[#/<@$?#@#+[^E@[W[0\M-130
MSW[54`KLEPXYW`_.@`KHDPJ7Y@RWJ@[.``3D9PU\<`B?%JR(`*F`1_;F*A#5
MT@_,X'6=X&OT@`HZL0QCXG6P8)8`(4F$IWZ/K*V+U*]?J10*^_GK!PN60HB1
M.O5S1K`?OATG4DRL4>JA0D\50J2HAO%$B$?]EB'J)XF@#Q,L<K!S2"V%"A,W
M%9(:D2)&.H?$@#A$FNX$1*0%*2FT)N(&B):DCO:C%*)&"%!8B?7;8:1?C67]
M5K"H8<):/R"L1CX$4D&&"@YN^X%J.))5PW4]\"5=D2)'A:.4(O"X$(+MTU`7
M^AWJP,."`G_6(N!00<!9OQ0A<@S^:/56(3P.Z_JE"T'4TXU^>BKP".&CG[AJ
M$38[7"&@!@L;]-C9<&BM@K5_*7`V=9AC%7)6`T`<1]YT4DNF"G=(>NMOQUI_
M_D@E&LD1!(BG_5:+]L?B-M*^"GLPB]Z/G8\4-:@Y]#'M[:D4)T3V0V62^`8D
ML$`##T0P0:3*408B<Y3A!RETS%'HG'.0\N><<OKAYQQ['#K'''[X*>?"?N*9
M8@Y[ROE0H7K0J<<>?KKKIYYS(NS''AE'Y!!''^M!JD4.Z\&Q*1XY5#!))9=D
M,DE_](FNNJ98^,]):XYCYR^DU*&F.G;6>N@O?)BBQADI'W+F/J2L64\A?.B)
M+IT4SNS^9QTX%1(GE-OP,4TA9T)1,\O3U#GM+WA2204G=4(`<\U0$G6(GD85
M(HJ2')#S!Y9/EH&(GXR<62L=G-C1KQ]6/''&S'ZL`<49:>"D)Y12IH'.(7^Z
M5$@=B-A1TYE6-^I!A$2J\V>995A!)97N&KWUR3[CV\$NI.B99E("Z;D3J4=D
M:(H=8K-5B!JB(IP!)BG!Q=#-`KTM$!\MFX0W7GD/+')>Y+S!8@_1FJ(SNGKM
M!=A63-,ML%\"_PUXR6I40#=A!0UN,AT;H'0X2HP$Y!=!B`YILV*'OX087A\F
M<IB9'>#%H52/5V:Y99</O,>69)!\N6:;;Y:739QQ?I;)D&UB98K&*']6J&&@
MCR;P3*6)SIBB@A]B>D!V*ZY5R7=WQCIKK;?FNFNOOP8[;+'')KMLL\]&.VVU
MUV:[;;??ACMNN>>FNVZ[[\8[;[WWYKMOO_\&/'#!!R>\<,,/1SQQQ1<O.R``
!.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>93
<FILENAME>g147201kb05i001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201kb05i001.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T-
M#AT5%A$8(Q\E)"(?(B$F*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_
MP``+"``*``D!`1$`_\0`'P```04!`0$!`0$```````````$"`P0%!@<("0H+
M_\0`M1```@$#`P($`P4%!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$(
M(T*QP152T?`D,V)R@@D*%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%56
M5UA96F-D969G:&EJ<W1U=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBI
MJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W
M^/GZ_]H`"`$!```_`*?ASQOXWB\7:AIFG6DNMVJ7DJ^3+_RR7>>DG\(^O%>L
F_P!I:]_T+R_^!R?X5?T^UM[6VVV\$4*LQ9A&@4%B>2<=ZM5__]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>94
<FILENAME>g147201ka01i001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201ka01i001.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T-
M#AT5%A$8(Q\E)"(?(B$F*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_
MVP!#`0H+"PX-#AP0$!P[*"(H.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[
M.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SO_P``1"`!9`4(#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#V:BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHHH`****`"O+O&S-%XIN/+=DW(A.UB,_+7J->8^/?^1F;_KBG]:B>Q<-S
MLO!J%/"MGG&2&/YL:W*Q_":E?"]@#_SSS^9-;%4MB7N%%%%,05XMJ#R"^NH]
M[A3,^5R<?>/:O::\9U;G6KT?]/#_`/H1K.9I`]"\1Z=;W'AR)Y(!++`L:QM@
MY`+*#CZBLS4H)M'\09TFW*1"U6`(@.`9"P4_@V#7:1J$B11T"@4^JL1<\0FM
MIXIY(S!*Q1BI;RSS@]:*]OHJ>0OG$I:\X,\RRF/SY=JOC!<^M=#-<:CK\KPV
M#>19H=ID)QO_`,^E9QKJ70ITK=3H6NK=&VO/&I]"X%/5E<95@P]0<URLG@Z?
M866[C9_0H0#^-9,<U]H]X55FBD0_,G8_AW%)UI1^*(*FI?"ST*BJFF7Z:C9)
M<*-I/#+Z'O5B61(8FDD8*BC+$]A70FFKF35G8?43W,$9Q)-&A_VF`KC]0UR]
MU6Y^SVA>.)CM1$X9_J:T[3PE;"(->R/)*>H5L`?XUBJKD[01HZ:BO>9OI-%+
M_JY$?_=8&GUS.H>&!;Q&XTV219$&=A;K]#ZTFA>(I))EM+YMQ8X24]<^AI^U
MM+EDK"Y+J\3IZ*S==MGN=+D\MF62+YU*G!X_^M7+Z'?RQ:Q`99G97.P[F)Z]
M/UQ1.KR246MPC3YHMH[JBBBMC,**XGQ#?22:O(L4KJL0$?RL1]?UKI-`N?M6
MCPL3ED&QL^H_^MBLHU5*3B:2IM14C2HHJAK5Y]BTJ:4'#D;4^IK1NRNR$KNQ
M>I:YOPI;2NCWDSNP'R1AF)'N?Z4WQ;XH;18UM;3:;N49R>1&OKCU]*F,^:/,
MQN-I6.CDECB7=(ZH/5CBH5U&Q8X6]MR?02K_`(UPN@>&[CQ*#J6L74[P,2$&
M[YG]3[#Z5N7'@#0Y82D4<L#]G5R<?@:=VPLD=&DT4F-DJ-GT8&E,B*P4NH)Z
M`GK7D5YIO]B:P;/45D:-3DM"VTLI_B7_``KM-+\&Z?'=6FJ6E_<2HI$J!\$,
M,?2DI-@XI'644UF5%+,0%49)/85@W$EKXMLC%IVLR0`9$B1@`GZ@\X^E42:X
MU"VDCG>"07!@X=83N8'&<8]:QX/&^CW-U';(;CS)'"`-$1R3CFJ&@^&]6\.:
MKYD<L-S:3#;*%)5@.S8/I]?6K>L>%4N-6MM5L@J3).CS)T#@$9/U_G2NRM#H
M1<0FX-N)5\U5#%,\X]<5)7%>/K6=+G3]0M"ZS;C"&C.&R>5Q^M=+97#VD%E9
M:C<B2]F0\XQO(&3^6:=]16T-"O,_'Z;?$@;/WH%/ZD5Z97FOQ!_Y&%/^O=?Y
MFE/8<-SM/"__`"+.G_\`7$5K5D^%_P#D6=/_`.N(I^NZW;Z'8&XF&YV^6*,'
MEV_PIK874TBP4$L0`.I-0#4+(OL%Y`6_NB09_G7F:2:WXRU$PF8E1\S+DK%$
MOT[_`,ZZ"/X;68B`DOYC)ZJB@?E2YF]AV2W.SSFO&]4!;7+L`9)N7`_[Z-=<
MD6K>"ID>2=KW278*_K%GOCM_*N2O'637YI$8,K71(([@M4R=RHH]C7[H^E+1
M16AF%%%%`'FUT";R<#KYK?S->@V%LMG8PP(,;%&?<]S7`R`'4G!Z&<_^A5Z+
M7'AEJV=%9Z)"UR_C"W4&WN0/F.48^O<?UKJ*Y_Q?_P`>$'_77^AK:LKTV9TG
M[Z(_!SDPW4?8,I_,'_"I/%MVT5E';*<><V6^@_\`KXJ+P<O[N[;U91_.JWC`
MG[=;CMY1_G6-VJ!I:]87PC:K)=S7+#/E*%7ZG_ZW\ZZVN*T2PU*ZMY'LKT6Z
MA\,,GDXK672==`_Y#/Z$U5&34$E$51)RW-^O/M8A%MK%RB?*`^Y?;/-="=(U
MPG/]L_H15.7PKJ-Q*99KR)W;JS9R?TI5E*:LHCI\L7JSI+&;[5803'DR1@GZ
MXYKA=4M3I^J2Q+P%;<A]NHKN=/MFM+"&W=@S1H%)'0UA>+[/*0WBC[IV/].H
M_K55HMT[]432DE.QOV5P+NRAN!_RT0'\>]+=SK:VLL[=(U+5B^$KOS+*2U8\
MPME?H?\`Z^:?XJN2EC':)R]PX&!Z#_Z^*OVG[OF)Y/?Y3GUTZ6YTBXU-B2PD
M_,=S^9K3\(76))[0G[P#K_(_TK?M;&.'2TLF`*^7M;WSUKBK5WTG6EW_`/+&
M3:_N.A_2N=Q]E*,OO-E+VB:/0*Y;Q3.]S>6^G0\MD$CW/`_S[UTY=50N2`H&
M2?:N8T*,ZGK=QJ4@^5"=F?4\#\A715UM%=3&GI>78Z*SMDL[2*W3[L:X^OO7
MEOB^5I?$]Z6S\C!1GT"BO6:\Y\?:3);ZF-2128+@`.1_"X&/U%7)::"B]3N=
M&B2#1;*-!A1`G\A5VN?\':M%J.B0P;Q]HME$;IWP.`?IBM\D`$DX`ZDU2V)>
MYP/Q'11>V4@'S-&P)]@1_B:VO`4[R^'`CG(BF9%^G!_K7)>+]476=="6N98X
M1Y4>WG>V><>O/'X5WGAG2WTG0X+:7B4Y>0>C'M^'2I7Q%/X237+"[U/3FLK6
MX6W$IQ+(02=O<`>]96F>!;#3YDG:YN99D.0ROY8'Y<_K5/QG;7]]K6GVFGO*
M'DC;.QRH`R.3CM71:+I":/9"'SI)Y6YDED8DL?;/04]V+9&A2T451)'+!%/L
M\U`_EN'3/9AT-</XF.HZEXN@@TN-WEL54AA]U&/.2>@XQ7>5SWB3Q);:!`T<
M"HU[-RJ#M_M-_GFIEL5'<WHO,,2>:%$FT;@O3/?%><?$'_D84_Z]U_F:[/PM
M<2W7AVUN)Y#)+)N9F/4G<:XOX@,#XB4`\BW4'\S2E\(X[G:^%_\`D6=/_P"N
M(K@O&FHM?>()8]W[NU_=*/?^(_G_`"KO?"__`"+.G_\`7$5Y7J;E]2O';DF9
MR?S-*6R''<]*\%Z<MCX>BDVXDN?WKGV/0?E_.N@JMIJ"/3+5%Z+"@'Y"K-6M
MB'N0W=M'>6DMM,H:.5"K`^AKQOR6MM2\AOO13;#^#8KVJO(-6_Y&FZ_Z_#_Z
M%43*@>OT445H0%%%%`'G$Q*ZA(1U$Q/_`(]7HPZ5YM(^ZY=SWD)X^M>D*<J#
MZBN3#;R.BMT'5SWC!L65NOK)_2NAKF_&)_<6J^KL?TK:M_#9G2^-!X._U%U_
MOK_(U'XPMSFWN0..4/MW']:D\'?ZBZ_WU_D:W+ZSCO[1[>7[KCKW![&LXQYZ
M-BI2Y:MS`\'W"[;BV)&[(<>XZ'^E=/7`R0WN@Z@KD;64_*_\+BNGL?$EA=(/
M-D%O)W5^GX&E1J)+DEHT.K!M\RV->BJ4NL:="FY[R''^RVX_D*R)=<N-5NDM
M=,BD$>X>9+C!QGGZ5M*I%&:@V=)574K47NGS6Y'+K\OU[?K5FEJVKJQ"=M3A
M-`NS9:O'OX60^6_X_P#U\5K`_P!J^+?6&S'ZC_ZY_2LG7[7['K$NT863]XN/
M?K^N:W?"EJ8[*2Z?[T[<$^@_^OFN*FGS>S[,ZIVMSF]7'>++3RM02X`^6=>?
MJ/\`ZV*[&L?Q/:_:-(9P/FA(<?3H:Z*T>:#,:<K21G3:N3X30;OWS_N#Z\=3
M^7\ZV=$LOL.EQ1D8=AO?ZFN0T6T-]J<,)R8U.]AVP/\`(%=_44&Y>\_0JK:/
MNH*Q_$VK6FE:4[74*W'G?(D#='/O[5L5QWQ$L9Y[*VNXU9H[=F$F/X0<<_I^
MM=#V,EN9F@^$[K4H1JL5Y_9HD8F%8`20,^N>E;4WA'4;N/RKKQ+=RQ'JFS&?
MUKG=#\;7&D6"63VB7$49.P[]I`)SCI6I_P`+)3_H%-_W^'^%0G&Q;4KF]H_A
M73-&<2PQF6<?\M93DCZ=A6U7'0?$:Q=@)[&>(=V4AL?RKI=-U6RU:#SK*=95
M'##H5/N.U4FNA#3ZE/Q+J<^C::U];6BS2`A"S=$![GN1FJG@ZXO+W3IM2OYV
MD>>0A<\*JKZ#L,YK>N((KJWDMYE#QR*58'N#7)>*9CX>\,6^D6GF'S5,9EQT
M7OSZG/\`.AZ:C6NAV-+6)9ZR%\(QZJ5\TQP`NN<9(X/\JN6FJ1ZII9O-.*RL
M5.U&.,-_=/H:=Q6+<TT5O$99Y4B1>K.P`'XUS.H:]X4$Y9K>&_N'./W<`<L>
M@Y/^-1Q^.M*N5>VU2SD@YVNKJ)%SW!__`%59T_PIHXU*#5[(N(0-Z0D';N[$
M9Y'TI7OL.UMS?M8HX;:-(H%@4#(C4`!<]N*\W\>_\C,W_7%/ZUZ=7EWCIB?%
M$H)Z1H!^5*>PX;G=>%&W>&+`X_Y98_(D5YKXBM6M/$%]"PQ^]+#Z-R/YUZ-X
M/8/X5LB!T5A^3&LSQOX=DU"-=1LX]\\*[9$'5U]1[BAJ\03M(W=`N5N]!LIE
M.<PJ#]0,']16C7G'@[Q1%I6ZPOF*VS-N23_GFW<'V-=ZNJ:>\7FK?6YCQG=Y
MHQ_.FG=":LR>:5((7ED.U(U+,3V`KQEIS=:H;@]99]_YMFNXUG67\1S?V'HA
M,B2$?:;D#Y57N,_YSTKB[JWCM-<DMHB6CAN-BD]P&Q4R=RHJQ[+1116AF%%%
M%`&;_P`(]I6W;]C7ZY.?YUHJH10JC``P*6BDHI;(;;>X56N]/M;[9]JA$@3.
MT$GBK-%#2>XKV*UI86MB'%M$(PYRP!/-6:**$DM$%[C)88IXS'+&KJ>H89%9
M4OA?2Y&R(WC]D<XK8HI2A&6Z&I-;,QXO"VEQMN,<DGL[\?I6I#!#;1B.&-8T
M'91BI**(PC'9#<F]V%%%%425;O3;.^=7N8%D91@$YJ:&&.WA2&)=J(,*!V%2
M44K*]QW>P4V2-98VC<;E8$$'N*=13$5+33+.Q=GMH%C9A@D9Z5;HHI));#;;
MW"N.\2>*+HZB-%T<`SLPC>0@'YC_``C/ZFNPKRSPW(/^$T@><_,T\F2W]XAO
MZTI,<4=38>`=/C3S-0D>ZG;EL'8F?8"M#_A#]`V;?[.3Z[FS^>:VZ*=D*[.,
MUGP#:&UDFTMI(Y4!(B9MRM[>H-<KX9OY=.U^U>-B%DD$<B]F4G'/\Z];9E1"
MS$!5&23V%>4^'[4ZCXKA$0_=B<S$^B@Y_P`*B2LU8N+NG<]8J.:"*XB:*:-9
M(V&"K#(-245H9F4^@6Z:)=:7:,88I]VW/S"//7'M69H7A*[T.]\^'5=\;<2Q
M>3PX_/@^]=112LAW9EKX<TL:K)J36RO<2$'YN54^H'K6I113$%9=WX<TB^NG
MNKJR26:3&YF)[#'K6I10!7LK*WTZU6UM8_+A3.U<DXR<]ZL444`8^H^%M'U.
M0R3V@64]9(CL)^N.M4$^'^A*X9EN'QV:7@_D*Z>BE9#NRM96%IIT'DV=ND*>
MB#K]?6J,GA71)97E>P0R.Y<ON;.2<YZUKT46%<2EHHI@%%%%`!1110`4444`
M%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!7`^*/"UY;:@VK:4C.K/YC)
M&/FC;KD#N.]=]12:N-.QR.E^/K*2)8=55[6X489MA*GW]1]*TI/&.@1IN_M!
M&]E5B?Y5A>/.OX#^E<7:_P#'U%_O"H<FM"U%/4[+4_$5_P")E;3M"LYA#)Q)
M,PQD>F>@'ZUO^&O#<6@VI+,)+J4?O)`.![#VJ_I'_(-A^E7:I+J2WT"BBBJ)
C"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`__]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>95
<FILENAME>g147201kgi001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201kgi001.gif
M1TE&.#EA9P(Y`/<```(``08&"0<+"PD%!PH&"0T*#`T-$0X1$PX4&!$-#A(.
M$1(/&102%!45&A89'!D5%AH6&1P:'!<>(AH7(AP=(1P@'QTB(Q\E*1\J*R$=
M'B,?(2`=*"$@'R0B)"0E*B,H)B4J*RHE)BLG*2@H)RPJ*R8L,2HE,"LL,2LQ
M+R4Q,"PR,RXU.2\X.C$G*C(M+3,N,3@O,C,P+S0R,S(V.3,X-S0[/#HT-3LV
M.3HZ-SP[.S4^03L]03=`/CI!/C=!0SM#0SU&23Y(1CY)2D(]/40_04)`/T5"
M0T)&24))1D-+3$I%14M&24Q)1TU*2D5.44E/4D9134M03D914DM35$U664U:
M54Y96U)-351/45503U524E%665%95E);7%I555M665Q95UU96E5>8%9A75AC
M7E=@85ME96)=7&1?8&5@7VAC7V9B86=G;&IE9&QG:&QH9VYJ:FQK<W)M;'-N
M<GEO<'5P9G5P;WIT;G9R<G9S>WIU='IV>7UX=WYZ>GY\@7Z`?GV"A()]?()^
M@H6!?XF#?X^+>8:"@H>%B8J%A(J&B8V(AXZ*BH^.D8^2D9*-C)F.CY*-D960
MCIJ5C):2D9>4F)J5E)R7F)V9EYZ:F:*=FZ*?H:6AGJBIG*:BH:>HHZJEI*JG
MJ*RIIJZKJK"JI[*MJ[.OL;6QKK:SLKJVM+JWN+RYMKZ[NK_`OL"[M\&]O,*]
MP\7!OL;"P<G&Q,G'R<S)QL[+R<[)U-'.S-'.T=/-V=31SM;3TM;1W-;:U=G6
MU-C6V-O8UMW;VMO7XMW9X]_AX.'>W.'>XN/ASN/AWN7CXN?CZ>GFY>CEZ.OI
MYNWKZO'N[?+O\/+RY?+P[_7T\_?X]?CW]OGW^/GX]_W]_0``````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````"'Y!```````+`````!G`CD```C^`+$)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+&#-JW,BQH\>/($.*'$FRI,F3*%.J7,FRI<N7
M,&/*G$FSILV;.'/JW,FS9\-KU[`!#>K0FC6A1XT*#0I4Z-*#08T>%4B4*=.$
MUXY>I>J4*E&N!+=BFYJ0K$"S7W&F]<FVK=NW*VE%XI1*UZU>>/'"4J5KX#)D
MTZY-&SPX83-GU,9BHR9-VD!JT:B9A0NUY>2>:TEFILRYLV>7M2(-,L*`A`P4
M.%",J'-'TC1LSD[5B9&C"1(D37"T<6;PVJA`48Q$::(D#2>!RSIA>F,D218O
M7*9DT<)%2Y,U;@*54J9PFJ4^>^#^[/$SWD^>..CSS,'3QX\?07DT%=PU2,^<
M]H<8)4IT:,\>08Z@LDLS"&72!R*.B-)))IF`(@J#FW0""BJKQ!++*ZZ<PMM`
MSXQ"RBJS7)A++K9L6)`UJ*0RBRW&\!)B+0(5@XHL+"JCC#/*)&.,,#LJLQE4
MP1BS3&!9#04-65]9(]A`3#GC3#4/50-E03]^9N656*X42P$R&$$#$@>``99`
MS=Q1@`0J]$"#!P`,`M4TI$0```"%'!,-4]-0`XP6`%"`0`<.%$`(*9*L$0(!
M`"QP0ARX)`0,+:+D```#('30```*/`!!!!`D,&<`'A0P1%K/Q++)%0(0$$$#
M$1C001C^1E```*@VK+&*0:[P`08#DQ90@`*(`D#```,$8.P$'GB@0"M/)>/%
M"P8LT(`!$VQ@@!<F#@1-'C=`L(`)#4!P`AK08#.+$39H0,$+)IQP@@D43##!
M`AE<`88=FP2CD#-7A!"""#G88`011`SA@@Q#)#S$%5=H<4819[PV4"PWN&"#
M%V=DO(86HW1%4"!#.`S''6@P(0=3F;0AAQYXO-%&&W:P-T@?=_01""***+*(
M(8C@L4F60%/96]"?'<7,"#)4`<04#?2QV$%R1$!%%5(XX4$#DWA,4"4`9)$0
M)A1,X<,4+&B`#).=K#I!`!0<I]`J$"!1AA4ZS'#+-<Y(XTS^,JG(\8((&7B1
MT!D>F.$$%2<@@EPE+G30P0$-X+&9*R.0\,,/*TB@R"VNM.+*;T,HH($,$;AB
MD#67/!"!#BOH<$$`9V@]T"@9%*!!*L^0!0TTM\B@@`RL-T#")Z1D`D<&`!1`
MZ1^]C#D0,\&T$H(`%R```@,,**$]$UH,(6<`'3`@PS,$.4,+*4,`T(`%#EA@
M0`:FR'X+*4HD'P`3F\3"U!F8(LI`!B&(``$4P(!``2`!&<B`!N;DJ2%,B6AL
MJ5)*)`C!CS2#!"J8P@^`@``_)"03#)@!$'P`A".88`*+D!TV7`$`.<@N**=X
MP!-TX#H'_,)CG6B`!W:`@`*T(1G^"=E%!X+0!2&HX`1`-,@OF```P0TM$!$0
M`Q6H8(%($"06&L#!#SH0`$,(S1DRF,'E@'`!6!BD&J`@00(>8,:#]*$#5#B<
M$#I0`$4@I!KU<T1"^L"`*0C!!Q)80_G:0`!`%>`#F5C('`Z`A"!$X0-&2,LU
MBO&)'V!O"`0RR#.&0`$K"$$(22B`#9:!$&FDSPM?"8H;","`'&2B&$/:11AW
MD(0=4*`3S2@&,E1Q!NQ=X8$5],DR7'$+)!4C&+Z@A<0$LHM(`$,@P%`$*@SB
MC%LL8QG`*(8OD`',@TS#%8L@Q6"R]1-F3*,:TV`&-"C8G6O<@GP^:88+:!`%
M($A!`HG^J$PE`@`"`UQ@:4F0``.F&19LQ((`7D0(*B#@!!I.P`'/3$LB`C"#
M.09`"\MD$C9T`0$:3&$*)3C!V22)#6!H@`D)T4,$DG`$)TA`<5WQ0@&$\`,'
M,"!^:6&&#"Q`0Q8T('Y0:HI`:I$#!=!":T'IA`-HZ`0G)"%0J4`J-O``@%O(
M[BB.8$`2@,`"!+3!*]BHQAH"D((C4``"E]A,4/0@@!Y`@08.R,%E8-,&`-@@
MDTR"4B`88(4I`.$)/6``%WA#4CT`@!38R"@8`!`&4A(%C"KX`4L[`"."U/4*
M&0VF3JKQB"%`0`%GV!`>$M`I%VSH%@Q[!!!#T0(MP("@3MG^10XT`(-`!,(&
M&3@%5D)A@R'(P0U7L($>V3D09]#A!C?0@B*8<(-.4*031-#`*]BR#!F`(`E4
ML$(#&%&92VC`%5O@TA&2L((&A$`6!I%%`5)X.FRD(@(-+2\$;E@09D2@`UQ(
M@@4(X#:#^.(#*NB"%5CP@F)T16)!4<02*J,("CAA"F*P0$*;`L*/^J``L2N(
M,W+@@1H`H00-B`6#%6#5@VBB`!,P``N<8(6G9L"J:^D#`&:1D$D(P`8^D`("
M!*G19(0``3GX`0D*H$>$6*("0?!!#3Q@A,L$91G_PJM&'0&`"X``"%"(0A`8
M\(8I504;F4B`B-,2A@@`4:C)&,'^=7^0@@X<]2K`R,`0,JM9G'Q"#LO`PP!(
MC(U=1.!@"L"#0'21`0;X0B"P4(`+L-$'%YQY((H`@!*"LHL;9&TS<```$^"I
MBP[L084*,2D`O(@)!1A`M\3ERBT@``#="I,$)(C"1R>03X1$@@"N0(8(`E`"
M,23!!PPX;T%HD8!*'.0HI6C`#H"@`P=$X-!KX4,$\LL"!YP`V@6Y!0=J<`0A
M$-C``N%7QV!X!><)Q!$DF$)V*6#'LV!#%0Y.0A("9Y!EV(`$21""#B@@XH$D
M`[U!D84&WFP03;@@%10@P`U^#8(`R""B7`D$`-!KZP#0H`93(,%7#1(*!:C@
MD\X>LT'^'%$!*&SU`D<H""R=@H<0P+.@@R"!(@J0`I-/00<,L.-:'"%F@WCA
MJVDIQ@A00(,@R,#-6M."#5)=9Y<D@Y258,`72+D(&/C"&<MP3#%<4``10PD3
M`(A=)`!@[*T%X`O8N,4T/N%JC6*C&`2`0$2#,HHB)Y89J<2[09CA@@$D$AI$
M`(#3F/)RPGM9(-4H1@@>T.^>+.-@ZK:"!R"1D$B'`ANT<`$#FHHX`.``W`(Y
M:-80<@H+^$`(3L!`!)YID%@PU`E/8$$``G&074``!U.0`@M(`'ID9,",07$&
M*GZ$B-7]P`D6L$1!4L&`$DPA"1%H@D&:4005(`$(*J``C(/^X@B=P\8+)2ZH
M)4@`YDD!X0<Z:'@6DC@0&1/<()%@0`^"(&074E,&%Y@"%%10@#<,31$.$`0Z
M``06L`1?A@>7X!2B<`,O5Q!K<`/88`<`@`);L`54,`-$9A"/0`#`1Q!>4'8$
M\7@@4`-!T`,DT!<%80I>T$U-AQ/.H`0*X&I,!`$R(`H"80@`(`**D`F\(8%?
M10D`0'M?H0@!$`?3<`0T]B-C9P3`5`WD\PR.@`=7P`3Q(PUM@`5*$%H$P0PV
MD`#*YPL+E%"T<`9+@`73U6>!0!RNQ@QZ8`1HP``*T'@\45TRD'M2,`'.-32&
M0``4=PL:(``Z``50\`,-8`0P$A3^Q/8(QX8-I4`!J`=2':`OTX<#,_`$3P`$
M$2`"H#<0O@`"."!%*^`!^A(4F9`!A]80B-``=2,$%(`)&K4(#@!A,X!0]28#
M-)!O($`!]"405_`S1"$-+!@4FR`#K]$)'8``2_,#'T!1N_`4,E99!Z$(!Q`%
M)A<!_G<0<,``@A@$)\``B#49CM`!4'`$9+1@!*$$B104T\!ZF>$&(>`8@U``
M'O`#4]`$<B(Y7!$)!=!&3.(,=%9=-``%]#<"T,@DI-2"/'$+2E``(1`+TG`'
M#Q,``+`'T^`"82=C1K`,30``<(`-8.="0V@`._`%$'"*"+$&"I`#KR%4:P4`
ME@`,!?#^`-,@8YG0"D/`>@*1#"Z@`&ZP"D00`8C`&ZB0`&OP>`;P"[-@5[&@
M``Y@"]AP!0!P":@0``M`8SZAD_1$!7<("@DA<:83%*0@`!#@`TG`!2H0`#E0
M#8B8`*-W(HS8`$(`!4X``AZ`DP1A#6&P`E/@!%`P`PP@AT'A"R)0`V)@!2H@
M`^`F#47``!"'%=@0CS0$!`V@<T$A#3;P`6;P`P4@`B;I%RZ@`E``!/UTB!N5
M`<[%3IL``U,A"R1@`!^G`UPD`X[%:`10D`61BE`@!5#@`&XP-)8@`#S@`P)8
M`!TY&9-@`5#P225`!.[6"@\`6XZ)!R+@&-B@!P$@-69P!"#^,`#M)A"(0`!R
MJ!#5-0/ZUP.4A9!P$7S\8P<$D0EQMPLC``#.99&GL`8`\%6/$(0%<6MA``D0
M$'X'@0<$,`3E@@R(`#-@H`N?<`:W@`D(-`TX^`!X``MIX6,0H`<P```8)1!?
M``!ZE&F'H`M,$"`+X`"N$`P/D`'%4`QP2)H\@0PD0`-<T`6260J5!P#0F0FJ
M$P3Y=0(&,`<"00MHE1"BT`!)L)<@0`*C:!!M<`-]508UP`!<:1:U``$ST%0@
M@`*D)`UP<``AT(P-$8^HEP0(8$6(!T4]L(P1,$UK@0PHT`$TU&Q@N@M)(`"(
MM1!!@0DN\!6TT``%H`,[H`,J``#^;B`Q>E";B\A';C4%%M"1LD,*!8`#0M`Z
M")!A`W$4J9@$-$0!S'D69Y`!**@00=$&(T`4TQ`&!9`#'S67"F!LW-=S>(H-
MR8!!LH8#&A"JZ/D6K9``[,D5;6"*)```?(`-3"0*BP``_A=I9NH45-:;5R!B
M=Z-1>0H`#B00KB`G9W`-U4`*#J,`[U@,]0,`.?!H;Q<"&2`+S-<`4\HG60,'
ML--G@S`$<!@+LQ``(5`,<58`IN,3R!`#'N4$0#`!-HH0BB!W&G5K,A`%50`%
M&%``\@$+#)"';ED*"$!+3G`!&K")[M8&JKI!*B``RE<0L2!_4[`#&.``9\`$
M+K`I(Z#^L941"`TP!4_P`Q<`![&`"J*@!03P``P``6E@FP.A:R/``\$I`7V`
M">X8`0=@@PUA"3"0%IU``""P`SO@!"<0=LQ0G01@57,U"!:PETY``8Z:7@QP
MBS4P`P@@?09A"`9`M"O@`$G@#,5P"EI@.V#*$&W0`E>Q#$Q0`+348@@``64W
M<^&9$,40HSL@-AW@LKFJ$Z8P"`8F"@70"=5P"M&*"#:`#8LE.!L)#*@0=H^Y
MM04Q"8Q54MB`"E=P#8L0"`<9(YE28M40.O$S=G`@"P`0`M,P"KJP"7+BJD\F
M`@IP>5X``!T@8O9I1U!I"3YV.X=R"[>@`*:8#!H``86;$\C^,'19`+`4,+!"
M$PAF0R5\T`!!4`4?10$2<`JT(`")1'H-\&`_X`$=P'X%<08@0`7>AH'I2!"U
M$`$X``4^4`(.P`1@$`(04`$?<#8-L0<:`+!.(`,NX`(I*@)#H`1X<%2&VP$@
MP`/8AP`:X`($P$\-P+0,@0DWL!;Z*`$SD%\?('A:VR@(80@1\'Q"(`'V9Q"U
MP`%&,$(Z@``NT+I.@0@'$)P^@`$0D`/(\P`RT`)WZYAK(`-?M@Q*8``K<'X@
M8%.Z%0BPRA#%(`(@0`->HJ*-RQ9ID(.($`*]20H'-`FN<`-.$V<B($0H]7@1
MH`LYX$14X0Q\8%?`(`VWX`)K<`W^GK*O`^$(`R`"?4$+#P``/\,_+S,GN^`%
M6H`-@4``;6=0K.9%OQ`"```"R7`*`/`%T-`!";`,HP``+;`'!<"1S`"5CA`*
M!$``(=L3R,`!**!N0N``T%D0?,`!/GP4TY`&HI0$4J`#*+P'L)P0I]``Y.@#
M24JN'N@!3B`$0+`#WEA0M!`!/T`%.F`!.T`@TA`&!"`"DL@0?.``-$7,K'L+
MP?`D!740P8#!/\#,&Z!,LN`&$'!3#!$4DP"!;M>W)S!>),`JR1`(`>#";G0`
M/R`%MRQHLE,+'9`#6T6FIK6V<!D$'_8"DP`)2A`!(Q`#=JD0:[!H3@%#2EL#
M)E<#`3#^!=B@"`E`<5I,`B"`!$(``A'0C$P7QBT1"WBP!F'0"97I"-J3!OGK
M"F$@!W(`;K>P!EZP!O+[#)FP!AFC!P<:`XF4!BXPS@/1"EIP!5[`U7T`1)F0
M!4T0"7PP!+0P"39P!4H`4S'2I!/L19V0`R[0!L^P"`AC`\<!"[C%!U&C!,7@
M"D,``VU0!&L]5S=1#!W0`UQ@!4\P`;E,$(C0`@B<%LV0`Q"P`U30!7,Y`0QP
M>>T%"@5`EE)0`CWL34QPI5M%`AFPQ`(A"PR0S3OL`ID$AB*`P*(JR0O05&&[
MOD*3$+Z0`0&I`R=[BM>0!0"`4^V\GWM:4+IP`@(``EQ@M0;^D`-:T`"L31!Z
MP`#=Y@03T)M"<ZTD1$,%4&YWB0U`',]`D`*1'%99M=H.T09+5U".0``?@%U)
M<`$.X`AU4```JA!"!P(_``7ITIDXG9X.(0UK,114$1CGM!B,BQRTX+)3\8O$
M5!#3\`P(?DV(YPQZAPRD@%?-H"_K*#'3X`L7KI9L$0PC@`/1\00;<(9N:0@M
M(+\$X0LP0`%20`5BH&\3<*<'(0H*H`-;50*R>1"SFK@-U0!:D!FRX`"$*006
M<`($$A2!D`'.;&[5V;Y3=`)3"A&^$`$T<`3!,UV!B<_LM,]#LPJUD\V:>@*K
MTBB;4<Y(,`56<`%`>A!*U6U"4`/^!2!HDP&+,IT$)8`%7<$'$/#@!;4&,Y#<
MB"``#$"6@@X"$&R5#`$,&(0$28`"IEC@F!&KCAD1/R)4YG;3;H?E0!,,(B"C
M5/`#$U#)!=$'(C";!>4+38``375^#>#9;ND)<*L#)7`!(T#C`A$*$8`%8F`&
M..>J!0$+$9`#TGP!4NX4L7"O!9$S!Z$''2!%5E`"$OL0)G6+/L`"'M`\1.$%
M=B<0S#`)&144D5#"0U,,-%``)_`$5%`&,U#3*>4`@B@%=CXF0;$(`3!>1A0`
MSD461S$(^NZ_%D#H0=L"ID,6R6#!!=$&,@!JO!L!<0E*1W?="%$,-I!!24#3
M!,[IC4O^ZEQ1)4T1ZD,#5J;.&;OP`3WP?$?``*[.%7T0`K9MY$V@S&+>`(^M
M&)X0PTGP`Q10VFN!!QZ0>TPS!#2.B!VP58"T`U]A;^_G#!W`VQ$7-E0`!!3`
ME1&1R9*ZYYI($(;0EDGE`BSH")F[\K!PSRT%!2M``1PO$"HETP'+T"=B!!90
M!4&0!!10`]1YJ=C@!XPD!&AKC@-Q!?D;%(<`=/-;\8L8"0%0`3Y0!52P`AU@
MT(Z)#+88!3XP`BU+\AQA\B`A0:1O$IDAZA!A^BL!GP%I<A`050C1!RW@PP?A
M"PP@`K6T`+)O8AW0!53@`P@0ZP9!#"FP`EWP`Q&0`;V_[!'^T&U6<`)$D$JQ
ML"%)10`C/U4-4`9;/P%<>=.6#NDJL`'&0!"W8&"F.@1A<!".,`0+H0H0T`"]
MMF]SCPW2]FL^0`&?MA9]V@-#GP(`$0`3-H(%"0YJ$,2'CP9*#&+;=.LADS</
MKV$[8^.A13X`&%0Q4\-#L8TEL0'[4*,)$AHN2)J$&5/F3)HU;=XL>4WGQHLX
M?=+L&3/H3YP7=Q8TBBVI4J8\"1H=:C!JSZ!1FQ*EZ4L$C1]2HG1(E1-;H!#)
M9O8IP.+)A%-7#8(*P>5'$@DREDG%!JC!CQT&(&2"2:M!#RI42KQ@)K;9$`AW
M-[:!T$6*%`>CW,[T%8(%%"@S3AC^$XLM$H`^%K$=&F(5*397*AI8T3%A%TP^
M!Y#\$-)@S]6+<B(DF4(#@)=J)@TAX!$DB84F,"^Z*C!PXQDCSI4^*D"#RPP/
MOFKNXJ#BAP\4+I!A19]>_7KV[=V_9S]4M?OYZV5]Z$&FRQ,*G6"V2:"5RQZB
M1A$'2O!@E8VLL08;N*800@@*8GCF(4LLF&&%`![P;S6"&A2E@!ZD@,("&:;!
MAL&CL&'F#`"N*,XB)3J8H@LJ'!`EQ9MNZ4`%(9)(X03'E%J1DPP`X*0D1W*0
MZ2)1(EA!AP9PH>T#)*:``H'="D)1E@Y(B,*'`HP8<B,X"IBKB@BNX*DG7890
M(!;>,"+^HDEL##E`"!T\^&7`C8`)084H=O@@`^_@0S31]$1QHXTUY(`C###.
M4$71F2XZ11:9GMG$&4L-0F820TRA:IEEGAE%TU9N<6:98#*1AJ!I0O'T(5?Z
M+*D88)!I9I=GG-&EF%T<BR62V6(U2!H4V[M&FF``C``$$$AH8(V+8BPHDPX4
M6,.LF?0`0(-*2Z+F#`VF.(*%"SB0\R)8['@@@0(TD$/3F!!)P(@HJE`!!8D>
M0L81&2)X`(^F@IJQBRZF^.`1GUQY8(<HDOCA@W\?2@81"C[08+8&F])#@[OJ
M(P@1!DC(8#;3L+'C`RZ"0.("@X/:Q0@%0/A``"UJM>BB,!K^B`()*"Y(XJF-
M:C&"@!"`F=.(')8R:9HA',`A`I6%PN86"&A((@@7,M#%ST_'_O0B)5SX1`X%
M`$C#$0("(?(I^9RB"B^F2"9(&A$<H?LB1P"(9,[0W(+:I%A",&*0$+*XBY8,
M(M!@@$FP:8&!$#+(((1EKKFEC0PNOLB7`A#14:I3KL!<"62`X2,$+6ZIQ@LF
M%#ECB(J:8L,_O&TBY0XOAH@A!A$H(($$"I0X@V]LG*$]7@8*<`$./:Y^J$%I
MF`#`E(>6F80/&P!(X`$%!&``@`>,L,&&!`#(P(L]:H'I&4XV"82!`!A@H`((
M``A!CCX0X4,;LG`DCP``;DTI!BW^%$$`!GP`!"AH@`U(`8S-S<09M+@"`&A`
M`@?8``)#<$4L;G$+6FQ"#BZ8UPA:<!Z#6&,4&BC`&99EDHM0PP@`($$P3)*,
M:<$,"BB00=BJ`8Q(A*```DA`#OI@EOE,PP@1B,(/?I`"$M!B>Z0X0P@XIH09
M%N06(8!`*.RD"Q$\0`,7<TI!6`$!)'`!"46`@+W(-D<Z8B,,J,#&*D(0`E=@
M8PV*J`G>K+*[40Q`"RB:#S"NH+U+!=(D:P``WQ0!`,`$0@9*:$$1I*&*`8A`
M"2$`P!V6)P<"Q/$J?PN<23)!@`*0@B#+R(#V1F,99^2@"$:K10&\X)Y6,>,9
MIEI&,I+^$8Q=J"(48</&-%!!"E6HPA7&7$0@J%<28+SN(<Z8A!L0,8E1C&(3
MF=B$)0RA"$0@(A2Q\,7'8)*,-2A!"5XX@QS:D(8UI($)[E3"$(9P@QMXP0M7
MN$(?F1*,*Z`O!U?P0A8`BH,<O/,E49N#%FRP1QF(0`,VD$$&7"`#&[C`!AUX
M0`1<0(("Y`!9V-B%&Y20`05```)$^,+D:)@U&'JL()V0@QM($(`","`"'&@`
M^[20@PPH30F!,`6RU%F099AB$]CKJ0,B4(``0$`)D@H#$XH*@`$<@`!L8JHK
M%+'5#*SA%+=@H4E<D8$'H#%7MU!$#`#`@0]`(`(`*,($TUK^1[["IQC08(T&
M,M!'8"2C&*B0Q3)T$0HK)M,5K8"%IXKA"E?(`D73.`4S4=0,5>QBB*XH4TZN
M0(`$:,]Z(JR&8J=1#%9A(QFTT$4P@D606[1"9<ZXA5F6<8L*$:08(NSB0_!`
M`(=<`@"HF`835%&,9US$$&V(E2LZP+3E392Z!,G$D:1C&E)`3D[86`8?L9'!
M0%PD%&LPFAP"$($^[JZO6%./>ZWC(9-4HQC24%92KC&-5A4#6SG916&9P8Q6
M+<,9SF!&,HQAC&(80Y@*3L8NJ'?!6_@B&+\(QBUF`3^9_((3/*-M*E;ABEO4
MPL2TH`4L6'&*5+AB6+MS1BI0P6+^5*2"%:Q0Q2F6*8I1D((4ID@%+%:!"E-0
M;QFM$,4I3&&*463B$ZK8JVE:H05OP:05F1B$(3"1"2Y;0A*+>$0F!/1>,C,+
M&[%H`03:XJX,)``5FP"`$JY1C"(,810%:(,O,B"'5D#`/[5#Q1"4D(QIG$$!
M2EA#!FY0Y9),`@LWU$)OG:&$!ZQA"``@Q2(`H(AEM.`.8(A`:9-Q!25D0@8[
M*\;7$&K5:2SC"FOXQ"6O^Y!8R,L(':A()L"7`2-H[[X$D8,6"E(-HG(8&X-H
MPR1E:K=-*"`#;<%&,T10J;\E\1+)J-!%9)$#%S#@#/(E"LD^!NZ9-&BIY"YS
MNOFZ5'7^QZ2Y[89WF0_W`#Q>I!@02(`("3"$.X42&TJ`@RD`X`)8Z`$6O@``
M'[!A7#A@@Q,`@,,R7)"]N.'E"ZA`A0((\`FF:`$`3"#%$&Y!"M(D8Q#3"`/[
MJG&'36-C#@`PQ+]?!`L-).`6L@``>KT`@$J(!0\**```!H&-4)SA"G=UP:'`
MFP'`&(4(;25(+(:0#('KKB2FR(`&\%A=6&!#&GA(P/UD$):+!*(2"VR`0..]
M=OB@NR;L;G?=C/:3!LG=*G"WVTU6E!ZWLUW=:]5`>[&A9PC$HA@OLJ._3[6,
M2RO@#M?H!&FP@0F\3IZ2_QX`M*5R$6<PX1:FJ/D9"O(%F"_^#R(&)`@IUE8:
M)0!`C*/1PC6PEXEIN$`!J'!&(#;1"1$HH.<E^:(BTF`^,1($%C<`@!Z8LHD(
M5/D:-E"`1*ZA!3U40PXY?^AJ0I&!%GS7&3;HNDX^X0((0,\LSK@";#L0`(7[
MW?WOAW_\BR)_^K='NAFH]^`3`(%=%&,`5[@&%_&"9;D&9#B#H`L%DH.;AV,2
MXU($J2D``6FU@\&&3K@"15B$*W"VQD*#2&**4""`H4N&(2@`$7"&:?@>,9JD
M);B&ULN$9:BY/I*%(2`U`OB]C7`##<"&8)@XY2N(77@`'\0&+0`#J2"JV4B&
MR@F!"+BKAK,;5,B<?WF&%J@4/9#^B&0(!(*1B$Q0`'UZ@`8(O-*IOS$DPS(T
MPS.4OUAHL_SSA5+:A5.(,VR8I`CHA&6(A4QHN%``@#-PA>0;BSVT/$>8!A@`
M`%>X!B_(`*M3BB^@KEN8N*'#A@Y,DHL8!=3[&PBHA&N`!34``/^8)$#"@@<(
MA6<0`0;0A4KD(A>9'*M@@N;`AN%S!&2PC&1R@0Z9!A$HOI[(`<WQNB8;!34H
M*3EZ"%AP*6BCA2*X"R6XA((H`@)@&B4PA!'JA!`@`-)!0S3LNVO4QFWD1I@`
M!CAX'B]X"6GP.".X@ONYA4+;M4'0M4#XA`1($B^``:R+`$VYOCNXA2-1!&0X
M$O0BB-S^(X#O*@89")=3<`9";(.GN#XYX$<`Z`!:2(,T``8&^(*!S(!DT!L#
M:H4$&`!4`!<;<(,C48+L*PA$>(#8:H$(\`5#`(`WH+HA4)E7<($RV86B0H6A
MF"2^48UJ:(./,Q4O&#HG8@#+T(7%J89-@+KE@8$!Z`"UZ\:GA,JHE,IK-(5,
M4#)'$+QGN(1,*`9.>`22X!1#J(1J\(4^X(-`4)YE6`1!Z(/9*`9$Z(-'^(0^
MZ(-%J(9;L`$Y8(I;T(-`"(4&(85`"`0\6(1=$(0P0(2+6`9#P(-,,`4WP`.T
M/`/M.84V.`,TZ+I=P(,^,`1$V(,UV`1@8((S&(53D(-`(,G^?]2#,+B"+.@Z
M66B#(5B#1PB;YTBEBT`&/D`#+0B#VC0O(]@ZDWB&/A`!&V""25@6/-"",\@"
M)>"#9_"%,\B!W\.@@L*#;)S*[-3.[>3.MILO]EB#65P9K/@8`H2):I`O9T"&
MH>"ON>,):OA'^7"O9#`\@W`&:Y"&@T.*:D"6_9H&_%(4<&,0FAC0N2M0J3BW
MBAM/^5J1JD@C&E(-N1O/!RT(O'//1)D/[.S.#?6)02H<^9R;!7V.<4$*N(.*
M[VPA!;4.DM'0LFG1FG"%4P@&9`B&D\H)3]F[:<#.%I6&8N"9X)I0^G"[%_T)
M=*L/"77/#`VDO=L))&71N-D[#I7^TBE%#R)5#U1P@0[(`1FP@ZBHA"^(2"^H
MA&5`!3S@@C5@@S9`!#)M`S:P`SA8L\$;3#B(A&:0!4#(@T,`!#F(!&I8A#U@
M!$98!!VZ"&!P!$7`P)<('4MH`R.X`25`A%WP2+%))E-P!$AQ!%*X!EI`HTW%
M!#S0`SW(!%I("F=@,5J(A:O9)%2H!5=`!<=8AE&H!%+PCE_PE%HXN%\`!E]P
M!9)@!E_8U73<!5H@L`NC!1![BFE05KGIB?^BT,M`4IMH4/I"%`>ETFO%5JC\
MF$IPR`B``*5#J2,).CFSAFI8A08H@`C(`;-@ACX(@`80`!R`BE2(@`SHNFD0
M!`!H@`#^&`*2D`4C*``/4``F0!9IN`0&D*!:N09.$($7285=,`5S20`N@@E7
MR`("(``CP(,LNH$,."""Z`,"4(`W``5+@+Y(Z`EG>`01P!Q[50IGL,`$N`%'
MN`M8:(&9/0,7B$TK,@4ET``9N"@XL*)BT((."`$T*(9.4`(9(((.@`$XF(V@
M*(;?*0*`N@+6O`(F8`(M((D5`0;`>(AID(/1E`,\8!IW.8,W"`,[V"10#00]
M&"=%Z`,\`-4.(3HED*=`H`7'E`EK^`1$P`1,@(1),`9?&`1'Z`1+,+9IZ(1(
MT`1'`%=LJ(9(<`,YD(-'Z)-38+1LA<ILM-`.Q5`KG8KY`UW^JYB$K=4`!E">
MB\`#&3`"&3"`A.P)+?"`&A"]O+$!#1B"!$@E@O`"V74M$E"!#A`$IL"$,<&!
M`-!)I2`"Y2&(/#```+#&;"F`+!@D;*B$"!@`\"N(8K@ATKD(I!0`0*(M#2"`
M16B*.Z,!!H@]+](`9-**$#B/:W`%#5``7)&%".@!`M@2VN*6@E@%"%`!!;"$
MDI@%I0F$3B@_!X"`0Q4!`K"BH9@$$]P(5W`!`KBK)J@59X@$`G"!5K@&,`"`
M(6@#%TB`#@``(_""AF4"@L"$$.B#6(@%.2@JAR&94L@!`D#70&BU0'B``BBI
M99D&41@"`E"#KO4ZI04`$<`#/KC^`AO(HFGBW(*0AN;:+V>PBFDH#KQ9!F>U
M5J3HB?ZD5L$!&&2-B1FJ"O>R4DM98Q2EB2R[!/*)@5I!!ALP!20`@0.HB(MP
M(@LH@2_XP8&)@+HBNR%,2(+XA1%(`0<HC8NH!`;(``H``0]HK&FX`?0EB$0P
M@`8@@E@YT=\Q"63`@0\8`<TC"&30`!\T!08X@$.*&SQ@PCB5A08"@01H@VIH
MD&10G8,``-E]CL$B"%\8`3'!Y'\,`:L#!A@`@MLSC50@`612`A!(@2MHD&60
M`<L(BN3JQ,O@0FD.@$9.)AM0'C6-NF$F`%=Z!GW:00*X78)8Y56$B0;A!`J@
M`2/HK4C^S`X+4`-$(CH%0.)IT`(!`!QL46`-T*$I-HAI2*A`<*<W:$T"O(A;
M\`(ET!W50(4T6`9I,#I2TP-GZ`,FN`(^6)9*D`/0Q%XXX!D^G@0N:`.!JH8^
M4`,UH!ZIF=Z"@`4X\`)':!"/]@(YF`1LN84W:`.SF(91D(/08@K-!`0\V((I
MF()&2`]#)31,Z`1-,`2S<(4V<`30B+HVF(0*`04IQ@96.(1#H*YK`(4NP`00
M<P9$<$K?,@0N>(5_=(0UZ`)1V&+7R@1#.(_?2H54H(7_,H0^N+</B`!&FH0A
M6`8<L``',!A9.8(+.`%AT[8AN.,*8``.0*8KF)D=E&3B90K^1[@"4NB`&;``
M'"#J'"#?76@`"6B`XG5056`"9P6V!J@`.S`-19@9..J`@4@*50"!!K``E7$%
M$L"!!GA@3%X&+V@&@E@#!G"![]*)4B,(7'``%0@`2/Q'&,B10B4!'U"`',$+
M4E"^B[@"$.@`(H`&Y[);@FB%$&"`+/@O1_:I+V&`XJL&<4ZFB#.^$:@!`("V
M4>"W3!@`)?#DB]""XIV)4"CM)>#G.2B`$;@``NCL5)"!6K$^`5``&+D;;!"%
M!\`5A"8(+W$%7=B?3C@%""#):\@"UQ,+()R<4\@`EDV`4>B#!R!(Z<4&68``
M4S"$!X"%:0"H+F+)(PD!DM"#?)/^*$_&!EW32X.XA0?8@SW@.>R-I%AX@$U(
MICMX`#F8#5IH@P)X@-0L"#@`@"_`!$HP`AH`4IL`AB%`W[\)```(@%\@A><)
M@!WH$U((`3>@@##`!DO8`$TY"D$(NN%(IC;(@4.8`"-@HM,#VX)@AAM8`C2@
M@+9X.3C``@"0#E)P`2\PQ$,$@*`S`ALU!-&[`OVIB-K3`Q0$`0%X\A3!@A(`
M@24H"%UH`6``E.<Q@O/``KV\B&0@`2H"7VQ8!(=8A`@@@0,H[R&0J4F@`"!P
M`$JXC&5PI8U(-0@"A6K7H57.@0BHE*!(!AE8WU1"A;SB@!'@@!#0%*)%%CE(
M@,L)A67^H05OV04(``&A2^@;B--B(`$>8`#Q?@A?('1LP`(2``$F6)8#.QA#
MLX`""(N'B(0KX`0%X"`28)IIR`&^F0;8N8A8:``:.`!&6@8M#P0QE^F;:CKK
M&`7B60+`N@@XT`(V.`##GL56L(%:Z00&&`$%$*.Z288;<*LIEE37@KY9:'*S
M\(50@(6+V#GM(:$N<H8A<`$4:0,Y`(;<6KATW#GTNO%I:`4`T,M:(("?/XDU
M<(5F:#U3>(8(Z(!J,(4!X#B4(DC<3@IP085B**EKP`("T!0.4+A)\,."N+,6
M:&Z3^`0/+$`YB)43[(EE;184*=>AJ(8A>)KD$@1-P`1-J"7^0P`%%-8$:V@!
M)N&"`NB3H<+1'80!1H"+!`!6B,,(3B<(+%6`]L:&OQ&%:W``(@!"UT\&`DA(
M40#^@O`%SD8$//BN@E`$+,"&5&``%;"`5<B$!"B&:3B"&3@`)UR>&3`!#`!D
M;0L!*^($`J`6))@&+-!^89^!#RAV1;"!6'&#FF\`O;R"9<2&+_"`*=B`Y)>;
M"R6(2P"(!CA0^,)F\"#"/A:BW"B(<%H.(1[D&$0%`UNK!Q4N,(C%#,LT@[I"
M-+"0`$2=8MBN&=P5`40`1PBEV1"U$ELP#302D+J)\.<2$">&5/MY,)*(,PP,
M$'%VD"6F(=@^,7`!@HNS:2XP&9W^I9,!*I_8:!'H@"+#E;#76!HUVHD""R4A
M#7Y)@\T(@Q,**F&392,9-F=#/(QP@:RMLZ)M%S-N[/@QY,B1DXE@0.NH!D<A
M$&%C`J#G$`!<UV(3!>`2-E,$$G2XX6@NMDD`.F'+$0);+`!,6#+)P98T-C@,
MD`%+$&*:KP)ML%UJ$P@`'K%I`&1Z!N%!LDS&KUR11FH`A#9Z7!D$]D!&L[8L
M,U%'5D17WRM]A@S)>B6!'D1&=#W+8>/62BP9`@`LV/P"`0Q:3)*>2MAX08`O
MM0!P!C9K?(;-+@#<<=`T3F$C!P32H`+`&MA4`L`;V,`"1PX`A!(@2V<`P-<5
M&NSB!0#^.811P"K):,``')DL@\TB#UP1"(`_&4(1-%]<X,`?5W@1F`T@4+#'
M0<[,4$()81Q4BPNU8%--&R+4X`"+6!H4C`I)?"#(38C8$-(T<#A`0P&#Y##)
M2EJ`\`,$Y$'&4B0?]#`",(NQ-$@$/QCA(8<Y1-&!7=BH8H,TL1V@0@%,P'+%
M-*2=$L$!%5000`:@'(0+!"?$A)`S+O3$4C`B]-"`30BQQ)9!2H"@PA6+)9,!
M'KL\`$(#L8B5"1'6?"A`"@7`@4T+J/&*S2P=!,'`*4:M(0`(*#"0@!SI09:)
M!35<`<U-8=@%BP4?1!"!++>X,.0N&N#0P1G72O8OP`$++##^,"$H((M!SF1`
M!#`YY.`@`*:D=H9#+/5!(#:IR.%%"`0`P,E-1A1QC5:WY494<!$,^10V0\@T
MC1(1HY)`)=-<@8QL?;!LVAG%_)BH&P00L!P>`+@Q"``N%*7+`R$<MM@G!&0Q
M!`0JO0%`,CB.@@TI!61P!H#+V!"!LKOFD,%AHB@`@<=@L+6,!A2:`L"4;<R&
MS3,B9`"I0=/80*$N#$3@#'M]-$.QC!(CY`@`:&!S10&^/$,"``"T@`U[,G@1
M`$AA/)````ELC5`@>AC$B0`6=`#!9<W8D$('.K-DC19<:G$3+2W`ATTR8[-`
M0@&1W%3,"3^,P"=+C@PQURX,6`#^@@4,Y'J&!3Q40!Y+J*R!!R**W*$'8(M_
M$(0+NR^V2`$LR+!RI#]T8(=!KLQI$!@!J$!!"$S`AHTO=23P@0P.\``Q8>,6
M$%!!`!8Q$QLH#AO`&`$.(!`6QRSA!,!REE$F00!=7$,&T:,#RS(Q!&=-(PT'
MZ``#(B$#OOPD%AKP`0-2(19L3.,.`C@@"1Z@!?8I"ANAH$`*C*`8;(1A.40J
M0`TBH"`7.`46#*!!`THTL"E2L8I4+$8("C"+\CQ@")FPPR"DH04`7(9E!CE#
M`G;QE&DPCD+8T(P:KZ$$$8P%`$I85`0:=)-0],L@G[)!"!ZPC$Q<H1EN`$`;
M8*$%-PS^@2N(<,$5"'"14,#`$"*`P"[D```%R@A`L:C*,Q@CB@(LXA1#.,PN
M+H&($`!`)MBX6'18XHRG]2T$(AB2,Y)1C$M`X#0&040>,P:`VX7A0LZP`0/T
MR))-%`!AV`@$!.!P!0!,P@Z/>%P!,#$-172"#[1(Q@W"HP$(.(,3(<A!`F)X
M2)V-\13.*`8M9&2$:_5A6CBQ@0<L<#ML+`,'/O"`Z5@R#2.4X`)?.`@M0@`@
MEI@B`B<P`@`4<9!DS.`$#)!)\G83)P+0(`D%4!4V[*"`&72`-BQ9AB$8$(($
M/&`1?,.<`WH0@0DNIA,-R`$$RG80L:D``;3!!BIBD"D'YJ#^`4C0P!6*<HTA
MCJ(%#,AAL,92@`\`0'@[%8%:'!@"'#!@%3]9AAX-,H0(?"`+B_$"%@R"!PN,
M0`0-8LDEAL`6P41`!1;-A%%B08$:='6&*S&%$0I`U@)LZ#&=>%X3>*4%(SK#
M"`U0`0A$@`.GN((!2.C`/JVHV<UR]B?(@,$#MNC``J",)5Y(`,*JD:E=8:,-
M!5#C3X8PI5B(0(:9J),+4C,A@Q@";0@!AA)NL0Q4L$4:0U`"-@QA'`8\0`&!
M&((-;(!7EB`BHM<(P>W8DPFD&:*U9"Q@!&SP4H1THI68`\PU['"&::(&&[50
MCE\3!@,F_D05#.`,,+`@BVO0@BS^3*@0`+SJ-^P@9!E#&(4S9'B-9#1,!+K0
MVPT"^8!3V.`!!,`2@T\!`$0@(P%I>$86`,"'YU"D:%8U2(W,99`W!/29!8#`
MZ)R1`QE`(!!9&L+]*,22W"7)()MX@`T2@%=G!8,$/0"!1(OBB"5<BP\%`%ZN
M8@&!+`IOKB0@`0QL;!1@B&`$#!B-K@YR"P;```(R1,@N5.#E`@%U?BSQA0Q<
M8`,OR))B68(#!#H@E[XT``4!J+)!EA&"4HS)@48>`7QXU0<;`V<('YC!E(SB
M$@TP@0@D0<&,`H0YY![$-#?`@@9,BI!51,`'$/`J0DSQM&M,H@,.L``)@O&8
M37S@`U_^8*T74L228@PA`U%0@1%"X@L7N,`"P5:/0?S5V64S^R>T@`"/`BT"
M`,"!$W:HQA4&0!XM:(#-!GG.94CA!5)<HQ@W<`4R#):%2S8#%1Q@-0"Z52$9
ML+882F#`&?AU$#X00&+`4$4LQJB%(>XT!&9U!@34@(T.1V)NR_&"`H8DBP3(
M8'\A-&\U6%*T8LA(P8ZXP0,^$9A!7&*H-+1!!E2R"U/(L@7*TL,-'K%8:63`
M"-AH0@8`4XP,'.<FTCA#"$3HAIMD@@!XO<0@^(!,)BSCG<GPT#7"T(%IN,*\
MY36$AL%0(0+<0A6P!4,1?A((BK!$%@_H@(><T80=;$!GSF+^A@IV0((IL206
MY4.(-=[P@`)LXB;`(,$.1M!WEDPBJ;#*@0(8T!.#P`$`$'`C2YZ!8PU$IRUZ
M>``#-,I:S#&#?@IX@$19.PD&%$`+;%'%GF\R"@9`@,Z!R8!)!1KD*[!D%QSX
M``/X0IJ=ZQ08,.C!!Q8J4!D<0BQ*H,$/O+"_&`U!%:$8!2FT$`$*,,$I+*D$
M[1%R!P(,(02C2S8V5G$`&L10+%?H;L:QP>L'/*!`U0B)LGW8``S<NETI.H@+
M4="!',"?V_*"K6/$7[,-H!55@@A$`*"=@@NPGB8\CI"U3`),$$OH@@((#RHP
M``-X@1S(!(C(0`3@QTJ``73!P:[^1,!!G53,,,``4`<VG((<W,`F[`_2<`9"
M/,,G7`$>L(4>)$`GG($-J(0<1(`CN("-/8,:A,XHQ!\P3-,5)(II34@&(-(U
M/!<I`$`$W$(Q!$``8`]+R`$!B$DDV!$B>(&-*0(`>$Q5^9`(#$(&=)>*$,!_
ML40U%%/EW`TPR,%%74MH?)]!5`,L*$$"M((#:4`.W,(TH4(UR$`&:$>)H%PF
MD,(-""*,:($(0)T-/$QYD`"-51[OJ$`'>$!FB4*@B(4S>,9T84@(H$`$(`\V
M[`$16)PNC$`!2$SD*<4#L!`V2,,5J``#+(>R5<,0"(`"_-1!*((+F(LS3-,0
MF)S-%(#^0MU$*J3>03C"`'A!44P##`P=0A0-G^0B#C0``PP"0F2"!H2/^MT`
M$HR`,QD$*1@=^&&#$J@`#E0*0MQ"!WA;QD0`.HE:)G`:AUP!!&3`B_R$*T3`
M#"2`@AU$&WA)WV"#(A!`"RP#,&2!$?2!Q;%$)XS`"7`!KWC!M/!*)$1``>2`
M8IC"L20`H+'%,RA+"SH"#Q$@3%K1-#"#+UA?PM""$Q;#+3A%,0#@0?A@2"3#
M*:""N31#,H"5Y!A$,V2"H!10`M#BF-Q"+-#"+<B",TA#)K3"$)$&,*"".1I$
M,6Q"CZU$*$0"(KS5*#C"F>V"(TQ")&R"R2&$+&#")"B"*AS^A"],`BW(@B*<
M@C0XPB@L0R4XPF6,PB3PS2XH`,@D@R,$0B#(&RE4@EM>0J*TH!Z,@F*$84(Z
M@R,XPB(HPB4XA2H@0ADEFS1,PB(,":\T@R,,@A-B@RX@@F<*2C$X@B(LPF&X
M0ANTP2+@8S$H@A(,`1HD21^P$#"<00-H0`2XP%W"0AM`P`$(3@Q^BI%D5>TM
MHDB<`>8Q``.9R.H,@OD412@,`!].0R!D``08PBXLPR9D`.F9CE&P1"IX&02L
M`2K(`BK``7;ZG0L@4E8P@QT`@`VPY#4X@QLD`$O>Q#4L`9,%!@P`P!7<0O9`
MP#+>1"0T0`"0`#"03"=T@.X91"S^A`#Y74*'.(,KB(`"C.4U#($&H$!F'40:
MB,!015X/<``##$$H?4C/&82SN$(&#("H'80I/!4`G-E-!"@Q8D-U+8<H$,!*
M-26/8@X)K,"+:J!1((T0\2@>8."]%)B4C$4&)$`;$%Q,ENEF"2!C+,,-X&(`
MZLK/O>ACH*ED*)N<#DR=8L,9*(&*F9%C"!JC1<:=AED564-B+)C%Y2(P)(.B
M^H)*!$,M!`,P!,,NW,(TZ"0PQ,)85@2;`8,K[((O`(,L^,(UU(LNR$)8K40K
M?*5!)`,I=.8B.,(FN((OQ*51+(,K.$(;G$$:Z$$G=-Y7C0(<>($6,,$98()-
M%L,BN('^>&2J+]Q!2#B#$H1")ZS!%6C!%>C!2\+"&A2!#0P!%K0!34U#*+2!
M$7C!%3!!%FB!%RB!"Z@!_&'#*,C!$.3`$!2!'-PE;)Z!"(3`&0C*,CB"#8C`
MV"B!+@1"(%T!RR%$+&`G6["F#:Q-IY1F:XE`$7A!)6!";^%!2*""!G0,7OT$
M)^@-!W0`)BS#,BQ"!HA`)O"-S=@`!F&#-8P"$U3%(*2"*GB!#>!!>K"'@.:H
MF?XLT!;8*9!&H++%*)C"H6J6OP3JH#3&TO;0-&2"(:S63PB@'&X"N<7GG/X+
MG3(;TU(1FGYMTSK&,Q3#>,DIR20;U-4+F3[$+=3",EP+R83^"DM(PS,\PU5*
MP_Y(9#/<;3.L9\*LYZ4VR#3<PGHB0S"$0C+0PBX@`Z:&&2HX1,*XPBSL@N6&
M0H)RC=DJ@A<T`1S$PEQ4ZB<H`$T9!#1L0B?00BR8@B,4`S)L0BJ<0B:<:N*^
MK$%(@ROD:18P`9),%!XP058%K?`.+_$6+V>%2L``A_%RUN:9$6OQ2MAJFEC4
MJ=P"!]$.BMRVA3407/Q=K]9*[SL*JOCRZ?)R;=.B[*D&C.TRAMB6K_L*;_N^
M[[+%;YC1K_Q.D?V&KYT":IN2[_CR:?;VD/+J[],*ZO/&9_;N2O-"+_G^AH(*
DZKMN7BRT0#=J[>:M1?<N!O=.;WP-W:\'\^\'A[`($V!````[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>96
<FILENAME>g147201kdi001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201kdi001.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T-
M#AT5%A$8(Q\E)"(?(B$F*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_
MVP!#`0H+"PX-#AP0$!P[*"(H.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[
M.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SO_P``1"`!5`.T#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#V:BBB@`HH
MHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB
M@`HHI*`%HI*6@`HI*,T`+1249H`6BDHS0`M%)FC-`"T4E&:`%HI*,T`+129H
MH`6BDHH`6BDHS0`M%)FC-`"T4F:*`.9U_P`9QZ#J7V)[%YR8PX99`.N>/TKI
M4;<BMC&0#BO-OB"@_P"$GMN?OPH/_'C7I*C``]!20V.HI,T4Q',:WXUCT75F
MT]K"25@%(=9``<_A6I?ZO+97#Q"S,JI`T^X2`9"XR,8ZY(K@_&Z$^,T!_B6+
M'YUZ6]O#*<R1(Y*E"6&?E/4?3@4E<90T[7(=2O&MX8VPD*R%R>,GJOU'?ZUJ
M5#%:6\#EXH8XV.<E5`SDY/ZDFIJ8A.U85KXE26619X1"D2%BV_.><8`QUK=-
M<=HELESKK;P"L99\'USQ_.N>K*2E%1ZEQ2:=S4DU?5I!YEMI3"+J#)U/X4NG
M>(UN+@6]U#Y,C':"#QGT.>E;F*Y#Q/$L&J))'\K.@8X]0>M*ISP7-<<;2TL=
M?FL:Z\0`77V2P@-U-G&0<+G^M3:Q=O;:*\JG:[J%!]"?\FLGPU-96JRRW$\4
M<K':H=L$+_G^5.=1\RBG82CI<TFN==C3S&L[:0#DHCG=4^F:Q;ZD"B@QS*/F
MC;K^'K4G]K:=_P`_L'_?P5S$]Q#%XE6XM9%9&D4Y4\<\$?SI2FX--.XTN;H;
M.I:\^G7AMWM0RD!E??C([]JV%8.@93D$9%8OBBS\ZQ6Y4?-">?\`=/\`D59\
M/W7VK28P3EXOW;?AT_3%5&4E4<6)I<MT6=2OET^R>X*[MN`%SC)S4>DZFNIV
MS2A/+*MM*YSBJ6L*=1U*UTP$A`#+*1V';^M4?#TC6.KSV,IQNR/^!#_$5+J-
M5$N@^5<OF=369::LUYJDUI%#F.$G=+N_ICU_E5C4[P6.GS3DX*KA?J>E5M`L
MOL>G*SC][-\[YZ^PK23?.DB4M+LJ:]XNMM'N%LH8'N[U\8A0XQGID^_I3/M7
MC!H/.&GZ:AZB%I6+?3/3-<KH@\WXE2FY&7$\Q&?[P!Q^0KTNK6HGH<58^,=;
MOKZ2PCTJU6[CSNADG*$XZXR*ZS39;R:QC?4+=+>Y.=\:-N"\\<_2O/O%$C0_
M$&"2U.)0T.=O][./Y8KN];NX+/2Y7GO?L2O^[$^W<5)]!ZT(&5=;U34X+7?H
MM@M\3D&02`JA_P!T')-9NIS^(+W2(]4TF6:VF5<3V3Q#((Z[<C.?YU8\)Z/I
M-I!]KTN\N;A'RK,[,$<^NW`!^M=)BF!SVHZ_=:7K=C:-:&Y@O4`0Q\.KYY]B
M,$'MWKH%=6'RL#SCCUJ*>WB9TN6A$DL`8QG'(R.<?6L#PK;7^G23Q:I=1":\
M=KA+4'+)S\QSZ<B@#GOB$N/$MB?[T2_^AFO12<`D\`5YU\0R/^$CL/\`KDO_
M`*'70^/-1DL/#QCB8J]TXBR.H7!)_08_&D/L5K[QQYE_]@T*Q;4)\XW9PG'7
M'J/?@5*-;\468\[4-`CDMQ]\VLH+J/7&3FH/AUIT<.CR7Y4>;<2%0?1%XQ^>
M:[#&*:$SR[Q'>6^I>+;"ZMW$D,RP$'_@70^]>HUY=XCL([#QU"L2A8YIHI0H
MZ`EAG]0?SKU&DAL6BBBJ)$/2N5\.?\AR?_<?_P!"%=4:YG0K*]MM6:6:V=$=
M6!8XQUS7/53YXEQV9TW>N4\6?\?\'_7+^M=77->([&\N[^-[>W>15CP2N.N3
M3KIN&@0W+OB.)I-$RO/ELK'Z=/ZU5\-06EQ8R"2".21).2R@G!Z?UK>,:R0&
M.1=RLNTJ>XKG6TK4-'NS<:<//B/5#UQZ$=_J*B<6IJ=KC3NK&\;"S(P;2''_
M`%S%`T^S#!A:P@@Y!"#@UGKKER5PVD77F=P%X_.I+4:I=W<<]PHM;=#D0ALL
MW'<UIS0>R)LT:,T2SPO$XRKJ5/TKF/#\QT_59[&8X#9'/]Y?_K5U5<SK^DW,
MVH"XM(6?S%^8KV(X_E4UDU:4=T.#6J9>T0&ZGNM38?Z]]L>>R#_/Z5G^(HVL
MM4@U"(8)()_WA_\`6KH;*W6TLXH%Z1J!]3577+-KW3'2-=TB$,@'<_\`ZLT2
M@_9^8*7O%.^D75]0LK.,YAVB>7Z=A_GUK<QVK&\.:=+9PR2W"%)9#M`;J%%;
M5523MS/=BEV1PGBZRMX?$%I<Z7,ZZS*ZLL*+D/C@,?3@'ZXK;%YXL\@(=)L?
M-Q_K/M)VY^F,_K7.^-8);+Q+;ZG872-=D*%@7YI`1WVXY!%31ZWXZ9`PTE2,
M=X<'\MU:`:6B>$)8-5.L:Q<K<WK-O"H/D5O7GKCMZ5J>)+6RN=(=M0$K6T#"
M:1(ADL%[?2N67QYK&GW"Q:OI2KZ@*T;$>HSD&NUL;RVU73X[J`^9!.N1N'X$
M$?F*:L)W*?AS4QJNEBYCM!:V^\I`@/\`".,\<=<\"M;-<KJ]AJ.FS:2-*@+:
M;8R!I(HVRYR<'([@`G\ZGF\5+8^*)M+O4*V[*ABG"G"DCHWMGO0!O3SQ01%Y
M9DA']YV``-<WX?L+*3Q!<ZG#K;ZE.$V2'8-JY(P`1QVZ"D\S6K_4)M)U/1K:
M]LE;_CX;Y%*GH1G.3CTK=TK2;/1[3[-91[(]Q<Y.22??]/PH`X/X@D?\)/:<
M](DS_P!]FMCXD0M)HMM.!E8IQNQZ$$50\;:+JNH:^D]G8RSQ+"HWKC&03QUK
MM+VPBU33)+*Z4[)DPV.H/J/<&E8=]C'\`RJ_A:%5.3'(ZM['=G^1KI,\5P&F
MVNO^#+V9%L7U&PE.28>3QT8#L<=1T]ZW&\0ZG?Q^5I>AW:3./];>*(XX_<]S
M]!33$SE_%=TMQX\MT4@B!X8R1Z[LG^=>EUYM?^%=2M]?LWAMYKL!HY+BYXP[
M[\L>O3_"O2:2!BT4450A****`"BBB@`HHHH`,4444`%&***`"BBEH`3I39&*
MQLRKN(!('K3Z2@#@_AZRWVHZI?W)$EXQ7YFZ@'.<?D!^%=Y7+77A*XM-5;5?
M#]XEK,Y)DAD7,;9Z].@/I^6*LBZ\6A=ATW3BW_/3[0P7\L9I(;U*_P`04@/A
MIGE`\Q95\HGKG/./PS5CP/:26OA>V$H(:4M*`>P)X_Q_&H!X8O-5O8[OQ%>)
M<+$<QVL"E8E^N>373A0H````Z`=J+:W#I8,48I:*8A,48I:*`$Q1BBEH`3%&
M*6B@!,44M%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`)BBBB@
@`Q2T44`%%%%`!1110`4444`%%%%`!1110`4444`?_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>97
<FILENAME>g147201lgi001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201lgi001.gif
M1TE&.#EAR`!H`/<```(!`P8&"0<("P@%!P@'"0D*#0D(!0L-$@<*$@X1%0X3
M&1`-#A(.$102%!D5%AP:&Q86&1,0#1T>(B$='B(?(24B(RDE)BHF*2TJ*R0E
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M?(-\>)QD<K=)2KA&6*M)5;=)9;I7=;11;JQ:9L$N.<(R/<$P-,`L+<(S1,,U
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M^OSY]OW]_?#T^>[Q\+_`PB'Y!```````+`````#(`&@```C^`/D)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+!O?AX[>/7[^.'$'N^R@2Y$21`O7M6ZDO9,>6
M`DU:E(FQILV;.'/JW,FSIT5E9"A10B2TDE%+EC9AVI1)D]-0HTY)XU8/XK53
ML*(Y>^8LVC-HT*I!DV:-;+5JU[AQ8[>Q(KZW-'W*[=D1!X"[>//JU1N@0`,,
M*TA59;@"@`$#`A`3&&"`P&$!!0X78+"@P8,*'6(H@PE1F@<,%A#-'3W7;@/(
M!0($$`!Y=8'7K%D;<$W`,`IH'',?+%P@M@`"`0@0$'`W./````8`O\O`PR:4
M"CN2`5``0(5KNDEKOVF#^N/@JF/^&X"-.G&!"'Z)4_BTL`4`]'['_W8<X''C
MQXX+))A=`(6S[`>U5(X%`C20``"5;*?@37:]!H!PPO7UV&N(]19;;^,98!@9
M"KGW6@.]19#8<?,A!Z%PB$%&G`/L,43)`+T=```'["QHHT5VS28<`/7QJ)P`
M]2&68F(I5@A``Z$DY.%XM8VWP&Q"'B;D:Q3*%@$`#IP"8$'K7-!7`0<<0``F
M6]YHYD(R``!D<E`N!F%C>$D(9&(')/#:`-<AI()AO_&8V%YX058A:_6A!@`&
MV"6$"0`+H-8``"5P=N:D"L5@&(2%LJ@,++`H8PHF99!PI8JJG4<D`#8@A`)U
M.\(Y`1G^D9111@TPD/"`ABHFMAJ(?@$@0T)='MG;:PL`(`JER"9DJ7S`U49!
M6P6E`PH)?`I):&T/5,./I/R<<.D``P0'@`D%W7./.-->265D0C9@``7M((0(
M``R,^-J5+"2;VTH,<9M0/>V8HPXWY*RS3CO^(L2"FKXU-D&-`'94SR5V@LA:
ML[61:9"W!>SHV+@"D430/<N(`".8*E((P"@'.>-`<!4.:\`"I)2I8%P1W?-.
M-[T,LPHKDDCBB2>R%$---_%`R]#""\#7V@1*'V1#``XD]N>.+AQ4`G6J`5?=
M"0GEP\\U&P"@P`'EL08`#@=9*N8!ZT(&0-8VZUM0/N-\(\S^+JL(TH8A/_Q0
M!1J"T")+-_7@W-#"(,I7W0/^)-31@*M=;!P`'="T3PY'SK<C"@IM9$H""32`
MMH5?BTW0.Q=0)X"8Y54'031V(T3/.,88\THB:O@`!!!!$&&((,0,(PXZ_%[T
M`@!PIYA:!5$?=`/#Q\T&P`:J$[0UW,-%!@#8"K6T,)6LW8E!.06=0D#'$*8\
MGJ^4MJ222/1LT\HB?H`Q1A)!`&_$&8'0!3.8<0YXV,,>*TE>12Q%GJ=%CR`=
M&85C@-2Q'H&`)OKP%MH@@P`&`*`%#0E%`,*$FC`!0`+8*,@,`H``"J:F+Y`Y
M0``>8`TS@00F[-"&+/RP!C0DH0?^0"!"$,^PAUGX@AG@2(<2TQ$.=!A0@169
M`77(AQRH,41]J('`;XBS`0QR[#4(6-\')9<;:,!M6!P,``6X01!G/*`OI4+`
M:TKEH!MLRTSS&`<R6-&&-/R0"$Q8`A.8`(="&!&)X$AD$M.!#B?&`QX)5![S
M7G-&ZSRP(+`8UAS5=+WLQ81C!U#`V62$`L41!!L*:(UK4K.!=1"$@<1!#96"
MXZ`-L%%!^JA?,0XA!A\4`0I3>(,;E``%*OS!%KX(!C.\<0QO.-,;B4P'/)R(
MP'R\Y(X3<<%[R`>D9T6''ZCXTAP1`[*"[.,$`;!3G43YO89@`P+I1$T+`4`"
M>N1&&O#^[-BP_#0L!!C`@Y202_+RN,LUJ`$+5W`"%`2YA"5\X0]&]`4P@@$,
M8`ACF=X(!S@T>HY&&A"!^[@'3?)!CW6H11S=0,=&;CB0A2D@`;(,`/08,KTS
M_L9![)%)/]")@)XFX*4``-T5^R+'T\DH$@3A3<=D5`$;="QF!$`;""Z)DWF0
MPQ5L\,$3L%`%*@1S"DH@0AZ.Z8NR[F(8PPA&,(3AC64F\AP=A4<\YN%)?KAC
M&ZYPA2,\P0I9]$(<YC!@0I9GI]<YJ`*14X@Z-$"=,"'@`.ZRP"T+XJV7VHET
M[<1F1O@QG0VVICJFR,T_&-"7]7D0!O700%_."*86XL:4%Z'^!S(<L88PA($+
M7NA"%YS`!"4HX0UYF(0M:F&+7>#B%[]8JS#8JLAP=%0><[T=.9"1#$<L@@U8
M.$,;)I$+9J1#I#%)2&%(QQH2(G8A.G#=&3%;@X/L8VL*Z&E/%1#4;W*C=9ZM
M4P`FH([<+`],!A+``I;!CYIJL@&/LN-.^H&,18@A#%?0@A>0\(4G!%,)2\@#
M(6PQW%K4`A>^R(4OA*'6`4(S'/)(<=YFNP@U9$$(0?@"\;QKKH[`=B#+"Q,E
MT4:!Q!JD'^!\K";E2+5G($2#KTF`"87J7H'818YR?!T$`!"#W%3CC?HIW0!.
MT!%G0`!,!9!OF">00B!?)'G98$7^%A(J!RI0@0Y?#:L;^#`(5<PB%[40\2YV
MX8MA`(,9;/W&-\)QC&/<XA5]2`,6BM"#'YP!$+8@X$?O8<T##L24_XV;)1."
MBA#HATI*EE&"CFPV!(CRL?55R`[DJ$G(`D`$;.Q(>L/,:@(DJ2.$#7.8PQ2`
M3N!$'\5XL""A0(>%3D$.4X`"$=[PAT$,(A"JZ/">^8S<9GX#&;Q81!_0\(4B
M]$^LA)B%,,#A1'0PTESHOD=#"J/CJ!YHIOL2B#IT$%_'/M:$+8B7O\Y9Z@0@
M8(2I-K-'/)(-'+1P@TD60`1"VQ%N9&"*:N.`OOEQ"C"_[@"H-L$[;/*-5Z2A
M"%1XPQ+^H!`'AM*!"7&@`R$(,8A9J$*XM3#N+JI]C%_0P@][X$(1K*"$)BP;
M#T:$YD:="U='VL.:T%$8\S9HP@PHK1_92`7G6!AF`3R6."4PAT),D$Y1^EM&
M^3((-C3Q@<J!V4[4N81'.E*)*;)0U-BLQP16ZUBX+0`6&-&',=:`A2,L`<-3
MF,(0%"I()N#A#XAW=B`",8L\SQP7N'C$'M#@`R(`<@E$@,(="*$+B[)5Z!N-
M*SSN0=<;M_1(=B(?!'!P@QO(X`4G"`$"`-!3UZC&.C28K'MS$("SD4[)'\P&
M-++QCW]D0@8:^'>H/TV=#;`L-]Q@K"8!8('^$F1\8((;JF?^4)&.D&,164`"
MLH_PYBYX00YS@$(QQXIX0@3B$8RW!>1I`8A%&^$)3^C"&YA@A2GD81:ZL`NZ
M(%'*Y$RAYU'V``_6E##Z$`_K4`[M(#:K@C*5,QR`L@"I%%,-4`G6%SJ\]U*G
MIF/-TQ?%H6,J8P`E8`I1DR9G)"8`P`FZT1'7(`&KU5,H`P!:0A'D<`AA0&Q.
MX`15<`1>4`=W4`=R8`13P`>(]P<L!PF,APOTAP988'F_1050L%M0P`>S8`NZ
MT(6=MU;/M%'H4$#Q<$#V4!#U8`ZR$`O$X%?B(`\=L2H60SZU81A/%1M1!B:9
M53<"@0\?L'1A$HBIT1NA1CH=@Q?^!,`!GP`Q!&$-%>`Z#B("D0-%+`@W_O8Z
M094P#/$.K,`%45!,4^`$4=`$44`%71!X_O<'>*"$B,=X@:`'W>8$%@8%3*!^
M0_`$#\5A>>:%R02&)]9$\1`/UI0/\R`/QD`,AW`(9D`\O4`.GK0J<%->IX,!
M#U`=`Z`F0](;L_<`*<00^\`!DV1U&(<`"2`!Q+$7!7`!'B`#H<"(,=$2=@$[
MDP$`FI`2(2$0F91]CO4:#(`;$M$*6""*ZA=XZ"<'<M`%43`%=#!6AX=XCP`(
M?/`%0S`$ZD=L4#"10U`$==!RM:`*'L9GG6=1S>0-@S97XS`.A+8*?I`&?M0&
MJ]`+\K#^<?'&#R;`,(/8,12`#=1@"I\P"C=`B%4GC@"@=@SA#R```$IV;S*T
M`M5`"IE`"3:``Y5`"9T0#=<@DPBQ#XP5C:GA`+I7$*O"`'4"-ZXV`Z97$/+`
M!DX03&]@D%$0!7-`!P?YEDV0!X#0!X``"`]9!SY'3.JW!&NI;$Z0!Y``"8/`
M85QH5B3&7.$0#GG#"[30!W=P!$(@!$G`","@1$\47@/Q1;$A(Q80-4AF=0<G
M4S6T$/ZPE7724S)"`Q:A/AB'-H]"+HK26'62?3.$'6?9$;R`!6_PFW(9!4\@
M!U#0!&[P@U%P!'B0EXSP"'W@!>H7!6X0!;5(G%/0!$?`!X3^``B#(%P=E@N[
M(`R_8&W?4'.TL`=G<`0\P`-5L`>T<`SR8&Z,!%(`,H&^P530TA&F$%6C-(ZM
MR1#X@`$C9&JB)"._PB\F`44(H4W:)T<`D`EUPPX>0'OB&)L`$%`-(3^'H)#!
M1`?)^01NX`90()Q0@'_,"0EH4`1<X`1'L%O(EFQ1\'<:UHK=Z6$QYPOC:9XX
M!P9-H`1'P`1V60O-!`X=570'9$WW^%Y+5W6]D0'^0@-F4V\8EQH0\!^AHUKR
M-5\!\"L2`63.P`"MA6H?T($($0JN<V_D:!UDNA#?@`5R0`=O``5R\`1.(`=1
M(`=V\);)&05]``E]4`=%(`5R\(/^3?`$PBFHRC96@0`(L]"=P]6%R/4+N_`(
M/E0$3]`$A7H'@2"2&.5<8SAZ]@!>NK$UFN0@&2`3,OAEK#6(`,`"5,4/`9I.
M/65U]*5@$V$78DE)`1`#V(`-ZO"K[*`.[!"LZO`.V6`!Y.A8HQ0`]>@0K8`$
M4_")"N4$6S`'43!XQ"F+3J`'=[`%4O`$4B"G42`%<^`%4T!^2G`'-.ILC"!_
MR$4+?X`&76`$1@`%3I"ICX!<$X51B=1$C012-B80^3"AA54^`.!T!Q&/JVI"
M&(H0ZZ!::,.:"A``MOH0^MF@]L8`$``!#]"Q#R`!$M"Q#@"R@?A8Y!A?!;`!
M:YH0KP#^HB(*!4=`KG9JJ/<JBTTP84/0<R-JIR-Z!/DW!'(`"'\`"(LG"*H0
M;;:@BM[FL^KG!C$&:65%@,J$1(P45R(%1?G0`4L'4PYB`3(!$]B0`19W;UWY
M6@>A#B$PH*$42@!0L0[Q$5]T-A:B&K>''#S"(Y7#0E`&-Z,$`+[6$*V@!5$0
MITM@!'3YEG;@!%(0!78PHG3ZB7EZIXNK!510!W6ZG4LH"(Q`?WK0!,$SHDY@
M!TV0!'<P"[CP87VVK^#@743:4<BCH/GPAX$80P!P`0EA"4@)1BT(`-R'$.I@
MCE\77Q,K&A#1$:0P'N2C:Y2D3E`6([F:O&%2.GM(1L;`!5?^&*=VD+A-L`5/
M4*+%&:X5*9SXAYU/4*Y;D%M?H(1\X`>/\`B0P`=@8`0ZJU!-,`1&H(6TL`IY
M5E85-4!(Y*GH(*H%\0XBP#P7IX<7H#CK4,`B.(ZK@7>2TA&_*P#^)E^U*A'[
MP&Y"=B&O,1PI,XCR%$.L.4L0\)4(,0YJL`3)U@36.JYTV00*A6&^I012<(M1
M\(,MBG](<`1T\`=ZH`>$``EZT`7@.HJ^%:='L`5ZT+ZJ0`NV(&(5]6<#)(;H
M@*0'@0\3NH_Z07TX$T%@M&-Z6`+Q0A!`A@T/8&H63%\!=98#<0I@:H*^L45`
M<AQ+126F,\(;C#8Y%3[Z\`H*Y;W^TJFG]=L$B0L%Q"2*<V"G@.D$78`$5.`%
M3J!R@$`(?%`'1N"SGVC(<NJS?/`(LZ`(M(`+3TR`4JQ(]J")`O$.6=Q"^^2U
M"?$.[$9"PR(CEG"V;S1?\W6A$C&!.C8G"X`Z!1`N=(NW=7BWRHN;(O"J*L$/
MXX`&<<`$PZFGAOJ66[`%Q$F1(UH'HS@$HV@$6J`%"#D%=YD'HDNH%)FSQ8D$
M7M`'B\<(JZ"+_*NZX1`/FPB.839*U8$!`G<0RG`:@<AT`9`!)JP.;S2.0CEJ
M#=$1T0"FV9<`,Y0)RG`*$ET*HU`*I!`*J"`*G-`)GR`*J<`)32&[479Q`L`R
M-Z8/K+#^!=+JN,)YIW/0O5'@6].9IPKUK2VJ!5N@6WQ`!SVJ!)^(J0IE!/>J
M!7P`")#`"/%77%$[#,PPSP[Q#N#8H`Z*`3=F8'E81P#"#1#`FG7R4T,Y<`ZQ
M/&))EO`S$:/`,*_#F@"@`JA,$.&@"$@`E\G6!2\MOJ.H4(Q[K:2(;$^`!'.P
M!4@@!0KI!IAZP^J'UW*P!4:`!MNY>-#F8;DP#+O0#.!`SQG*#_5@SV"6IAC0
MUOR0#U^DQ0'0`(DR$-@@(K'I;P=2RZ;7$9Q@-F,M0Q.@+0&K#S`1L";Q$;!J
M`2.D(DJ9)`TQ#GY0!'+I!7"Y!4Z@S88ZG7,P!]D;NELP!5+^X`1>@+Y:0)''
M:<C@*P7@?+Y]L)V,,`FST'BYL`J^(`[P(!'M4#9DF62'TA"ED"NOLSXR8D<F
M80T./8XO)2.;\!!8W'O^B2`4T1%IHFL2"RD/<0P'50?%9MR+&ZZ&VMS"V<(Y
MW07?6JVZ%:[&:<B1.Z=/P`5W8-2`P`CC_<3@&0YL7!#L(*#_7"<`<$'>N">]
M/!PRPHVZ40TB(E]?!P#][8W\\`EF$[UH@T(640QH4[*SJR6FIP_CH`@^T`2_
M.0=&:)#.;:A/<(MR4`?1G5OB.Y=;L.%*T,+6*N5?T*<C#FT>F0OBD.)<8@%(
M:8DFQ`']P@_2\`"OXQMZV+L"<0W^J12]+70@S=H0\)7:`>":%M$/[.9O9Q<`
M^>+9N4$.K.!'P_D&<*G-=GK);SG=B3T'4E"M=XK3HWC#34#7Z"><75`$=ID(
MCT#BJD`,*%X1ZO"(^J'?`<`!;-QV<!,<Y7,:Q](2UW`:I*.L#^H06DV:/E4`
MRJ!9$W$*+;[?!P`!1I;BR<`&17`$);H%=-"]=5`'>4K844`'*LW-?]W2BWN<
M3V`'""F^3F`$==`'J^[)JP`.US01ZC!WP5XGYB@"/LX/6IU]I8HY@U$-]3*.
MCT5?&L,0;;?5/A4`&/"J#L%O+<ZV7`H1X[`&/H`$""D'F&H''NH&V?N6((J=
MB<T%U5S^OE(^S=-MJ'-J!)JZN:K0"VQ^$&8\11XL(Q\`$?]5/I$A-[7,#]2`
M-JI=)U/6(@M1#A=0`!`07YAEWQCQVJ$F2F>#`#8>$?2`55G@B7'PEJ&K?AK?
M!.&J4.C'O?2*?YENKV[PTEMP!#[=R:$L#QBQ#B;P`!J0`1*0`1E@`1"P`IW!
M`0R0``SP]Y"%-A:`'=)P&A8G`%-V+#<V'8@QS!5@I1C!#N"('"PTS(9NL0-A
M#.!G!-/=!"-ZN-,LIUU0K71Z?]ZJW7:@S;*HR4O\ZACA#^[0#NXP^P:C#F/\
M$.P@#6`!#='`^]$0#<K07_AP"J8@T?^`"J5P"J7@C@E1"DO^80E&813^:!.F
MT`(M<`+8GP,Y<`(E$`/,#Q'Y@%73;:^?:*?-;:@IO[BC7[YV`*Y+D-CC&M<+
M!05N<`>]P(>UD_^AXP_\[P_]`/L`\0[?/GX%#1Y$F+`@.4=BD@2)HN5)%RA;
MDCR)8B1*E"UVI-B)TN3)'"\<N6S9HF7+$RU=CJ3)=<\@084U;=[$J7!?/YL\
M^=',J=!G4*)%C2K4=^R5F"M%GKR!$E5)%"A1[#QQ,_7)D2==4:*<TU6B'"H]
MBN#)!4[F4;9MW;Z%&_<H07WCDB7*,D:CDZI=*&YQHN3(EBY1N#C9(B7*$2D8
MI6R9LQ&.E2%G:H6S)U?S9LZ=.0/^U8?LU9XK0:!\H0)%SLHG<C@6AJ*5M9,F
M5!5'B7S$R!E!O<#E\QQ<^'#B">G=6B0&C`^G5"+[51P5RAO7&Z-(D0)ER)`H
M73D628(FC9]5P=#MTX<P_<'UQ=V_AU^PKBQ%:BY2_0*&Y1,E4Z,X"8DJUY[@
MHC&,(//""RR0.(,*-1CY99MPZ`$.I_;B(^Y"##F+)YQ>6$D#B>V&V&*C[)QP
MPH["IDAP#LCDH*B.*JC(SPOLGD@B##'86",11UQ!YIMQXEE/PX*&VO"M?8#:
M)Y]PY%D'G7J2/&J]G0X*9QM:``&#"RZ::`)`*.BH0XZ)NO/B"2K,I*(+,+[P
M`C#<GK#^PR,OK\`B"S#4\(,17'K1!IQSXKEG27[6TDD?H!*ZT,B:'%4TJ'ON
M@0><7EI9Y!!9M&&'2L_HV2891]@`XPHAE"`B#JKB@(()*)9P8D"2_'J"KR>:
MD,(-Z[KPHHLOFB"""2:<.***,_`09)))B&E&G'/0D2>>?-#[K*U]XI%'GFZ\
MZ247904YHXKQ7M%&'D<]5=(@?>BQ:Y$^U.C"""*&Z$]8Z:+P8HHNYH"B"2BD
M`-,-*$9"@@HIDHC"U2F.(*(*(HC@(>(?JOCB#(O1$"0011AIY19DD#GF&Y''
M>5*>>4X^.1^5]4%Y'GI0IB?F<68F^1MCC.F%EU9:6845/_#^L#C<(W@@X@?>
M6IE&'G2)(VA1?>3!V9$UTL#"A]*,B&J*(9Z(:@DE.HJBOX@>>T(*)[*+,PI=
M;X,-P":4&$(*)8*@.PDIM$#B33#`P`*--=9@8X\U%/%#$5844601POWHT8\V
M_-A##\GU\$*+!+>@E[8@FA"B\R2N2$,18KK);*:EJ5R7'&-$?3<++'H((@DC
MC`@LQ<"6@(**)Z:(8@H8SX2"52<LKQ6C+U*B@HJ"D2A"-RF00$*+(HK`XHLD
MIC^BB!E1&[B.*6IEF`@@'B:BB#:W:B+YN*4H0H@PU#BDE2#I06C1TT]/7;1%
M$B$UC"^%:$(0>#`$W1SA"$T0V!+^WN`U)52%"K5APD:FD+4I).][5=G(JZ;S
M!CI080IPX"`5.@A"%J&F"U,`$(I2,X2SX:@'GP-#'QJQB%ML8QSTNU\.U<6>
MA.3#939#QBT<L0@VN`X+6$@"%V8',+K-32H-M%=@A.6&";YA"G&`0VR"%P=7
M68$)7+07$[SH110]H0AT$P(2/H>&/9Q!#8-;13&TT8T*Z="..3F7>N8A#W*$
MXV/)X(4K7O&*1>P/<&P00Q:R$(8P7($+81C#%7PPR3%,<I)"F.3GKA#)*X0A
M"XE4SA[\D(A$+&*0LC#&'.5!(4=1BQ]YO&,L=U@E?>"#7>,@!SF0L0UD)`,9
MQ4B&*UK^(4AB%G.8M[A%,8#YL6^0`Y?S>&51["=+:G)&0TBJ9C;O.$WA(`D?
M-TD/-[4Y3G+:1)P_J5\YU;G.<Z[3G>^$9SSE.4]ZZK"=]<0GNN[I'@WM,Y_K
MQ(<I1C$*:)SS0NW@1KK8\0Z;P/*?Y8R&`QC@@`+$H(XWH80'ID24)1%D%#;(
MAPM>T#1^U&,&9#`*-@OBSX<61QD%L($U1```6!3D'>I`R#O:01`:/`"G;+F!
M".Q!!I0:I!T3\$!+\5F*`6B"'S0`0#'XT8D/7,`$T2BI)4!P@C+LPP438`<^
M:#"*@X0"!2B@1#OX80H6H+53-!`!/T@1"W[@`Q-C=0`+#J+^C&HH0Q3\8,<G
M*B$*X.SC&:2(AEKY<0U1D.*;):4)0^NZCVLPM!W02*A-J\$-DJI#L4K%"4].
M`0!*/`,#'?#'*1:`@E,\``/YV`0`7.",3UPC!AAXAPL64`IT6J,!*""%)911
M"@.@@`P.0`$_;""">FS`!/P@`P!>`-45'*0$%$#!"M9Q@@FXP`(QX(<E(L`"
M&Z#T$@7H@`5$4-D2_%49%S!%-3C`W5&<P@(66$$G]A$*#E3@`BXH!S\NP8$5
M;.*QH+U)*0"``@S0=!\R&(`R^$$)`&S"`Q90ZS[:$8,)O,`!IECI6@&@@G7D
M@QWI[10.`'`-,I"`'=A=QP-$H`_^:42@!0?I0`>PL8Y+#(`2_,!$`9PA@@98
MHQW4>,<#/E".4PP`P`ZX`3]$`0#A`J`#HR!%!2@0C6ML@AH6X,`S/@$`'&`C
M`C=0QRC6@6!S\H.IG!@S>%U@@&OP(Q0`L`$%GKL>&`2@`1.0AGQ*2@8...`"
MF2"`"@J""0"8@@PF>$<%7$`-`$09&PVH;M,XX(*?B&``+)"!"S8PBDQ$8`*C
MOL8`/E&0$SS`&1?X,2D`@(EG^#B\`."$06`!``Z4(08%^(`R,'"!&\""I2V=
M<JX]``!J6`(`H>"'"P@0BQ(TH,[U"*D%1O$`#V1VLOP810!(<($.?),,`:`&
M&4X0Z1?^<,/)_%`'<F="X(*@8`"Q:`<[UO%-:FR"`A08!0%6S0\2/.`9$["$
ME"OL#`"@E,+0_J8RR'R*3HA"JL]@P0($`&(VVZ04#EBU*1@P@W*(H,,%D,$^
M2.&`#5@B$MQ8@07V\0D"H*!"T;A!<$G+Z!AT8@+/C4$)CGH"?I@``)GH!`#T
MNM(-5-?.!CA!-:#!B76,PAE>C0`T*K`!;HP"`#&H!W[S<8E9,QRE31[!._3A
M#&H\8`7`4<<U],V/3%"9&YPX<,>-ZHPI[0,:-;U&)\HP"IH\`P<X<.\G"&(*
M2ZRYI)QX00ILT(YX5`(%*K`!->S,B7R4`1/\D,8).'`#%&3^XB`TV(1!?(X!
M$5R"'Y$XJP5L`&1N6Z`$"3VN"U30@$\XPP&I#Z\!2B"#R9.!`")0`0F<X8P5
M7,+DUZ"$`:JA=[CX$Q^?_4G>!5T0?#A^48]-CS[*P=>"U(,:IYA^0:I17\7N
M0QG*4$<UZH$/:'2J(,K`!";6G(]G7*(2REB2:"@#2J@I:A"%C:*^F=`'*^&A
M!"0*ATI`"&2:FFBG>S(4CG)`:;H^!,S`#H2+4J"`"P"S7$.GGZ"):>JH$`NG
M$C2=$%,7@L`$Q3.=<K`!CHLF]?#`^""(NKN!3W"`(DL(;CJV:.JG@_@`#N#`
MQ7H`&F!!%PR*=I+`'"P(1`,QJ!+^+$K`@1O`!TM0`1F@A+BSA$Y1!\)2!TJ0
M`4O`*74(!6C(A#!$"&ZPA$HX!9IPAISC@!)@!VYXK'>H!U/`AH)8AU`@!8-0
MAU-0AKQKAVLHG8N2PKBHNT^HA@H0@6AX``<@@T]0,1O`!`:(@6=8`&BCA`N@
MAA+P@$_```YX!V=;`1N`@!D(,7SHA!I0`0%PJE!H``N@`0-8`6>H@,]3!Q<@
MA0[XL5&H``O`@4_0AU#8``[P`!&`!G[(C&@`!6K@!'7(!,=KQ+B(+1N(!!@P
MAW*8`!RHJP9(@8*X`0*XAA5P@7I`.$ZHM'*(`0`8A4J0QZ?:@&\*)VQPAVS(
M@!R@!P[^F`!KR`<,6+<-V(!]R(0-D+@7B#0+@(9V,`5E<``1,(=KF(#D(HAK
MH`9R*(-IB(1GC,)L#$(!&X!0F!1^X`8*B#)V6(`7*(@Q@P51X``<L`!SB,>M
MXX`(*`5G"[0;^(`#PP<<T``-0(`2J(:1*P@1B*M-&(!3.`$R*`<\\SK@`S=>
MHP$9^$'[XP9J6(=8Z(18>$:1=(OT,#YC(PAN<(#9:X<"<$5^H,=H6(<&&(`H
MFP$`$(5UX(;IBZYGQ($2"+$I8X%8N(`1D`8#$$=^\`"_O`;7FH!JD(:&<\=!
M)(@[(X$;(#Y,6(_NTS=K6`?[$TNWJ`0".(5#62P#F#U]4('\"5B^#1`!AAJ!
M"`BT4#"`%V"'<HB%?8`J"9.!#@@Q>@P%?0"!#EB'#<"`-?NY@H`JO7J&AH,&
M`&#"??`'90B`MLP'>Z`_R;K!SX0+9:"$-2.(>B"#T02L&:"`"H@!QX,%:$N/
M4[@`!S"!5?N$VP,R)D0G:N@`"%BNZC*%6RR##8@!@G@&$7`&T+/$\%H`$[B!
M3E`N`B@!'%@!4OB$`>`M[>0G@[B&:V#$@RC$:OA.^ZN'3FF/-+,&;L@L90C/
M"UVI<B`(?'"&A-J'49@!'.B4=QB%%4"!57,&&IB^(:30!\R)1>'16>I1>G*H
4$\S.('0E*W$E)^0AT`C)X0@(`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>98
<FILENAME>g147201lgi002.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201lgi002.gif
M1TE&.#EAJ`(D`/<```$``0D&"`L'"1$,#A(.$!82%!X;'!H6&"$='B(>("8B
M(RHE)BTG*2XI*BTW*3$K+3$G+#0M,3HO-C$Z+38R,SDT-3LV.3XZ.C8X-B\N
M,3X]0#A&.$(]/4`W/$,_0$5(/T5"0DI%14U*2DE)1TI40T942%)-35-/4%17
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MP<2[P\B]QLJ_R>FUQ?.UR\/`O_K-A_C)EO[;C?K/L/OCM_[YN\7#P\G&QLO$
MR<S*RLG(Q]'-SM//T-'0S]33TMG6UMK8U]W;VMG7U][DWM[MX>#?WO?-R/?+
MUOO7Q_C6VNO'R_K8X_K/X>'@W_SGQOSHV/[]S/_XQ_[\V_[WV.3CXNCGYNGH
MY^SLZ^3JY>ST[.?TZ/#O[OWHZ/WM]/WJ]O#P[_[]X_[^Z_WUYO3T\_3Z]?SS
M]?[S^?O[]O[^_O?[^._P\"'Y!```````+`````"H`B0```C^`/L)'$BPH,&#
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M0_P@A!`ST(`##232\,(+**1X(HHDH$#"BR^XX.*+)7SPX@<?C#!""2+HJ.,%
M&W!P`0;+",0#""(DV6.2)XP@0@HFG)"""":D(*645*:PP@HJL+"E"BF$&8.7
M,8S9)9=AID"F#"O(P*8,-=AP0PXY[&!G#G/RP$,//OC0`Q`^`"$HH((:@<@A
MARB"B"*)--KHHHH\(LDDDT@RJ8.8,M@@)YQX8F`H!89"2BBEE()***&84HHI
MJK(:BR_^L/JB2JR_U`J,+[8"$TPP]O7J*WWQU>>,,_0-ZPPTQPX;C7O3K/=>
ML\V>9PU[U5!#7C788DM-MN2EQZTUXI0G[KCA@BM>N>.6)XXXY[*;#KCE:0-N
MN.RN&ZYXYUISWKKP6I..O>B6]ZZ]_^K;;[KBEBNMN-9F>]YYZ:VW;;410VOQ
MML]"`]^RSD3SGC3-0@/->_`!XZO)OY@,##`II\PRR["RRHJLIL2BBBFDK(KJ
MJ*"``FK//_>,H"><+OB@)$=+$HFBAR)RJ!%00PWH#X+V8+6>>MYP0PTU:'V#
M#6.RP$(,6FX9PY8K>-GFEF&>X/8)2D[9(P@AU%VWCB&,X,'^!1R,<`$(0EI@
MP06$7U`!!19T<$$$$51P@05",AX!!0\\,'GC%1P^P004=/X`!1A0L+D##FQ`
M.NFCCW[Z!J:S[CKK'Y0@>PDPN%"[[;7?#L/N.N"@@Q`Z!!_$$#H,L<@0R"-/
M!"..+._(\\]CLDDFF6"B"2;2;Z+])J*,TLHHX(]22BNMI,(*.P(Y4THHHJ#J
MB2:>O`__)9I<4DDEE^0/R?Z05(()_XUP1",:P0A&$-"`!%R$`I$W*",@"@B'
M,$*@`C6H(`"J!SO(`9_N=(,>\,!.&8P!U[@&-C>QP$INBY*53%"E*8&`A2$0
M00A>&"43R)`#,P0<!^BF@0MTX(?^'="`X`Z'`0E0P'`1:$`#(C"X"C!.`E"4
M@.0H<#DI6@X"E8,``R#PQ`@P8(N5^^(#&K"`!"S@BQ!08A8;\,4O-L!RAD/<
M`R"`Q3>.40$*6(`>&=``""P@CPM88@7(2,9`DA&/2BRD'1EPQD:6,9!N9*,:
M&Z``!BC`C'K\XP+&&$A-OI&1EDP`(#.Y1$J>48F,/",G*\?),_)1CX74)`,J
MIT0%+/$!>JQD*CN9R#_B,9.Y_.(9TVC'3(I1BY6T'`6P2$4*2,")JJ2CY+X8
M`2V*48H1J%P$)##')VXQFX'48@4Z$`$?@N"</N2`.NU6-[K)D)UR@QL+H^0V
M%71)!F+^JP&=YJ3!'?3):E83%*(BB*@A#$^!"F0$$18Q0$L,L!&6N)]$-5$)
M35A4?J(0A2M<48J-HJI4J6@%*_[#BI*6%!;+(,8R5NJ,91C+62"CUC7($RYL
MM`,;V$@'-K*ACFSX]*8^M>D[ANH.HK[#'4@E:C[R@=1\Y,2IK.&-5(4C&>A8
ME2.108M4E@I5Z^3C.F"E!SS@@52DLL,=_\@.=]C1'?"XU3O?\8YXY(HOFM*4
M7O(RC[RDI8V].LM9Z@&9Q9K%+&<9:UC3.*QB%ZM89@S+L<Q8!F1=FI_\M!2R
MCJ5L99T169;BY["6!2UC.3M:QB866B\M[&`K-MAI/.Q:\O+^EKKNJHUVX0NN
MZ7BK.MBJUMZR0ZR]M8X_\$$/L'YUJ<+%QU""<U6&2*<YS'7(<Q,R&H+TAC.B
MR<MML$N7SFC7+K"Q25'(PA?M$F:[X`V*7`"37?:ZA#C.T<QTFTO?C$37(O-%
MSG/[HM[8Q"6]6B7O6MI2WMG`%RBKF>IYI]H8@5Q7(?>MKX0G_)P$&\0WW>VO
M@M>[%PT7)KW;;2^'O\M>SW@XPW<)38--S)G/'&;!ZBTQA(=#X1K;^,8XSK&.
M=\SC'OOXQT`.LI"'3.0B&_G(2$ZRDI?,Y"8[^<E0CK*4ITSE*EOYREC.LI:W
MS.4N>_G+8`ZSF,=,YC*;^<QH3K/^FM?,YC:[N;Y1!4MELE+=-]O9RODU28?O
M7.2M,#G";P:TA`7-YT(C.1V4B)\HLB&04G@B%)]8!CX&0@U*%*D@XA"%,RJB
MCE-=NA_L2`4J-KT3:PP$'^I@"684(XX\0\3/$G%U;F3-D%6((\KT8$4^*@**
M=!B$'JUFC%&L(X_A:F4:J1Z(-5AQG(&XIR;T4,]ZJC%I*?N$QE3U,2H`0(``
M`$`$Z+L```8P;DD`Q08`0,"M">()`*@@Q@_Q00AV\`B=4$($0*`$0:H1`YT0
M(P:%F02IJ^I@@Z!B&L[M1Z+AW1!G5,D$`Q^(.HCA$%"4*1("H48,3(`(G3@C
M!?HVR#_^'E%M@2Q#!3.H`0N*1.B*K$,17:)$M9T!"H*P@Q2X@84-1B`#9ERD
M`J1HB#]647)\P&(GDNB3K_L1"E-+_`<IV(&O__$)G=`C$K\U`@9W4`-4%(04
M$?<'(O39@QP$72&D",'1"\(*$Q0$%$Y/!P?,;7,@Z,0$GBC()T2@@AHX72#X
M0,1Q(B$V&82`!2571PU4$`)6"$01'&"!"2C>CT.$B0<W(4;?=Y`X]"FYY0C9
M1\(%LY4'<X4?^NB'/HJR#W_L0_0%X0<_O"$/@>@#'."H?3_BP8UYQ,,;_9!'
M[R-RDU0$(`BPL``!@LX!`Z`B$0-0@*G3$8$"!$`19:$$`&3^H'I:^\,$""<(
M#OY.Z10,)!4A.(@GPA^11S`#'Y'8;P32/Q$1/((?E/C$7YS1@WXLX^BX@0\I
M``O-`FHA(`GJD`)`(!#T\`AN]Q?LH`'-)A#6``N2MPSD)Q'+X&O350T<X`.L
M4`HAH`*3Q@H"D'<W80T@X'D%(0D7\`C+<`@+2&L$T0%>-UWX8`&;EH+]=Q/.
M(`*HX`F>EP*I0!4<<`/3X`-NQPXCX'GIL`";A@J@L`J(<`"?)A`XP`DVMP``
M$``$```U<!?10'[ID`+]EV"/D`,$`0L*P'X]`'!<\0CZ=A.2\`-!P0H=``MB
M]X`"X0,5(!#LL"[IT`%T=Q,UT'_^RU`!Z;`,#4`-_4`*'=`/UJ`"].`/*?`(
M4=$/(Q!R2;8-O5![WB`,J0<.NL`+O;`+HN<-J-@/O%`+O5`+NE![NR`,-J$+
MLP!\`D$.LU`+NW`+\3`+M#`+>+"*\O`*<H`'>$`'W]`/W(`':7`+_C`,<H`&
M<L`&L]`/A:`&T[@&W%`0WH`'4R`'S-@&5Q`%:Q`._3`+6X`&4A`%=.`&6Y`&
MW?@0-X$*U_</&!``7M<!!<`.RX``!;!IB%``(A``'E`0[<8"_>`#'&`#+X1P
M^/`('!`!5S@0['`!*8`(U48-$9`"6L@5U)`".H$*(M`/^#`-J1!^Z^`/Z3!I
M^.!TSD#^>>R@#<20:LR`/I/F#!Q`#$['#^F`%9(@0H[G#YZW'391#2Q8$)?X
M800A@S9A'08!"PM0"IY'"6HHB1VP;LX0A@;!#B`P@0-!"=AW$3'@=8YA`A\I
M$"J@AJF``!=`:M1@`B4W$(F8@181`D7($.P0``!W$XA0`3H!!"$`EC8PE"8)
M!)/V#Q1`#_^`>`*A#AS@B`-A`YQ(&$!P=@.!:`,0`<20E)47"F4Q"0M8$#5@
M;C>Q#A50`-4`%)Q@`VN8`*9V$Z6@D$`1`YAHDBG@>;!@`""0>D!AE05'#2'@
M>3+P"8APE?[``=/@"377#ZEP`@6G"#O`9(*0!+O@#W*`!,/^T`]Y@`3&\`5(
ML`O]L`9%(`S@,`518`Q@$)[R$`5=,`_>,`5/0`Y`L0U/\`1*$`;=,`5,0`98
M@`1[T`^T<`1D4`58<`2R(`]<X`1G0`C@(`5.,`9>D`1YT`]LX`1D4`9.0`<$
ML0]K<`1V0`CQH`9,8`=E4`1PX`^!D`1N``A5T`1V,`9'\`H200H"D`$-4``L
M@#X<<`#-!P`LD!,5L`#L@`$!R17:YYHA```6P`)`V@]!```-P`*&21`G.0TL
M,)KI``NL$`(H*!#3\&X"D0HEN0P?&`*ET`\G(`V4D*:2,)V(T`-&@'V=P``V
M,`V38`)>MP,Q:0!&$`.K"0O]-A#^^J`"XL`*<.@#C@@$)+<#9<=^^Y8"*E`*
M,V$$/I<#XD`-1M`/)L`!^.`)&%1O7)$*5A,"/K<#<ZBFCM</Q$";!<$.'@"6
M-Q$)B2`4B@`HFV8-.>`#@>@#4(-PSJ!U0$`/[/``N4FJ/A`*<RD0L``"4+$,
M%]`/I9`"TZ"<_1"7R]H/.["I59$.0-`#AX!QQ*`(AY`#FS8-5J,(1G`3E.`#
MBO``CI<*-O"M/F<0K!`!D0EJ%6`!3L=U)S":_4"E!2%ZRV`!_4`/%B`)GQ`*
MBK``JSEID2"F!=$#-0<5K```%9"4'9,#B,`,2]</C^`#,78"ALD"4+>#_3`)
MTSD3ZD#^`8<GJL2P`G&X`C?!#)Z*E9YP`I/F@R'PL?V`"GS8KJMP`;[F#!3@
M#T!`>>(``D['##W[>?TP#EGP!L-`!5A`M5DP!O:0"T[P!L(P!5=+"TH0"/R0
M"T_P!KKP!%.`"WMP!+9`$-M0!5*0"\I`#EEP!\I@#'([#&H`!<F@#&-0!-_0
M"T<0".7`#[J`!&U0#LD`!>+8!DC0"^7P!6E@%[SP!&Q0B=S0!%9P#_6@!E$0
M#H%P!+>`#E5P!>XPNK?P:H]8`!9P`!&PFOW0?"M@!*4P:9UP``L@`P80`#/`
M%9T``*YI`@%P=`B@`NRP``8@F0HA#B:0;.D3`G9!#>]V$VW^][/FI@B_"W'I
ML`,760VL,`!.,P#B,`EPV`,IL`[]4`/$(`X*2:K]``)?JG`4@`J44`#Q2@G5
M$`'L,`,4"00@$!W3@`,+R`)%:`+60`SF=PB(P`H%X`FK@`"5"12H$,`XD*HG
ML`H"\6\'L0XA,)<W\0B((!"((`GZX`Q,NPP/D`[LP`&WBPH6P`^3X`/^L`)Z
MP*FE0`TS8`WKD`,`.Q"DX*HW00T5``^IP`']4*VI8`TBD*TQ@'%#H0\<H`CX
M(`E_>`@-P`Z/(`+^8`&B`'\&T`^1P`'K@`H&P%D8``WKH`"IRA6-`@K0B0/:
M6X1*<0.7)K!0P0P+4"1>&0KF0PG^"R"9J#"<!W&9!I$*`'`!+,@/*\6QOW!K
M(3R#!,$!E^8#(QP#",>N_2<0,H!]^,!Q_B>Q`@$$(L`""5!SG^P,ZS`".I$.
M(+!V0,$*YD>'TTD))V`"!*!_?$!Y<8D^R5DD-*ACN3`%6F`%=T#,3=`+1!$'
M5-`%5Y`'55`%:A`/-G',5(`'=4`%5.`&J;<-N.`/W8`%:C`3\3`%;^`/VY`%
M4K`-8'`%X1`/;*`$WY`+1;`'KY<+2G".N]`$%<H&34"+7[`&_5`+:/`-Y``%
M5C`,X-`-IWL+NQ`%;*`/JBL/5F`%Z9@$M>!J-P$*`/`(/0``*3!I%U``'"@0
M*>"Z3%3^`!&@OC<1O$H*`$5R`.9W`0%`">*`#Y1@`O5JDM9P$[!@?O2P=)\`
MAP+ARM6F"&$("D&G"-RG`D5B`QRP@)T``E*(<Y*PJ0+Q"2?`#NPK#BHP7"+P
MIT.!#V$="90P)J#&`B=P"/W0`2H@PJ!9$/K@=-:@`?HP`YN6`N)`#&&8")1P
M"`M@!(ZZTUQA#6Z7")L,F;*[#%Q9$.O0Q'_A-#;!`DX7`ZG@#`#'"@&LEM/P
M"8[G`].)`],0"GGG?R59$-80`9!\$Y-@?J*PV<YP`8<`V7=Q"+3)$\3P`.BC
M#N\&-?V@V2JX:Q<I@+=Y`LP0"5PI`_,+%#>`<2+`"1V`#S7^,`E`,6F3$-<"
MRQ75T``HJ'@#(0X6X(@M['B),1,]$'0)9GR*;!"(`)IVD0B2/!!JUP_28`"L
MX`P=4+$@RY7^$`*D-G:_S7TXL0X4<)4U\`#$\`@4*1`QP-:HS0')!G)/:0(B
M^X@AUPDRJW`.SF3^8+=(,`?C$`9*$-$"80Q/,*/W4`5(4`M$X0_(\`1(X`V]
M@`1;H,S<N02[T`U(P`4SX0U9T`1<8`5',`?]4)U<(`4P+@SH$`94(`5S@`[K
M&053@`05"@9'P`O\X`5NP`]?L`1$+@A/L`5LX`^V<)]/4`3*+`A'D`OZX`5A
M4.1.D`L,AW8!(`GT$`$```3ZT`#^`>!KJ;<,!*``#PL"'0T4E2"\_D#HCD<`
MZ4<*!<!M70H`/``4[!`"D>`)'=`)20P"<D@!L"P0-I`"K!`)"-X/GR`*E1>&
M\PT*!>"(ALT,U@"G_<<.1H#?8;H,SCMIAP#3!+&5%AD!FV8#!G`<0!"&S@":
MTZ"^@%@!K(`//F!^,A`)ZA`!\(`*YF<$D9!\Z/,(CG@3GC#"^!`#"S@-'8!P
M.!"&Q2?*0*$.M$T0#B00/P":Z7`!X`MPZ>`!OB8-$>`/D^!X&L2IG+7)@FV2
M6`$$'+!T,.QSGQ#`-]$,KNM>7DEWZ^`,[%`!1;(,Z=<#Y@:)Z:"(K+H`_9`#
MKJD.#]#^V=':#QBPW#9A`D6B?=@G0?T@">(=`N&'QX#(`5_*V\K5#]N-<`T.
M8P.!`VEZ%XB\WFR'LB0LLEBA`D='"BEP`S!``#)0;9$PG3?Q["\)`FE:"NC.
M%:#``L=!#PZD""QP`/I&">8G&37@`SA-R`HGDH]I`L_`#!?@==,``LK.X?WP
M!V>0#/U`"&>`#*MV#H`@!L#W!W90#P-A#W_@!_90#V4`"/8@$(0@!MV`#F;P
M!ST^!6-0^()`G_<`"&;@!X,`"./0#\D`"&4@YZE/^H-0#/U@"(2`#OQ@",;0
M#\8P"*=O#\4P"+?/#[WO^Y.?#(9`^\>`#%%[#/<@$?#@#+[^E@[W[0\M-130
MSW[54`KLEPXYW`_.@`KHDPJ7Y@RWJ@[.``3D9PU\<`B?%JR(`*F`1_;F*A#5
MT@_,X'6=X&OT@`HZL0QCXG6P8)8`(4F$IWZ/K*V+U*]?J10*^_GK!PN60HB1
M.O5S1K`?OATG4DRL4>JA0D\50J2HAO%$B$?]EB'J)XF@#Q,L<K!S2"V%"A,W
M%9(:D2)&.H?$@#A$FNX$1*0%*2FT)N(&B):DCO:C%*)&"%!8B?7;8:1?C67]
M5K"H8<):/R"L1CX$4D&&"@YN^X%J.))5PW4]\"5=D2)'A:.4(O"X$(+MTU`7
M^AWJP,."`G_6(N!00<!9OQ0A<@S^:/56(3P.Z_JE"T'4TXU^>BKP".&CG[AJ
M$38[7"&@!@L;]-C9<&BM@K5_*7`V=9AC%7)6`T`<1]YT4DNF"G=(>NMOQUI_
M_D@E&LD1!(BG_5:+]L?B-M*^"GLPB]Z/G8\4-:@Y]#'M[:D4)T3V0V62^`8D
ML$`##T0P0:3*408B<Y3A!RETS%'HG'.0\N><<OKAYQQ['#K'''[X*>?"?N*9
M8@Y[ROE0H7K0J<<>?KKKIYYS(NS''AE'Y!!''^M!JD4.Z\&Q*1XY5#!))9=D
M,DE_](FNNJ98^,]):XYCYR^DU*&F.G;6>N@O?)BBQADI'W+F/J2L64\A?.B)
M+IT4SNS^9QTX%1(GE-OP,4TA9T)1,\O3U#GM+WA2204G=4(`<\U0$G6(GD85
M(HJ2')#S!Y9/EH&(GXR<62L=G-C1KQ]6/''&S'ZL`<49:>"D)Y12IH'.(7^Z
M5$@=B-A1TYE6-^I!A$2J\V>995A!)97N&KWUR3[CV\$NI.B99E("Z;D3J4=D
M:(H=8K-5B!JB(IP!)BG!Q=#-`KTM$!\MFX0W7GD/+')>Y+S!8@_1FJ(SNGKM
M!=A63-,ML%\"_PUXR6I40#=A!0UN,AT;H'0X2HP$Y!=!B`YILV*'OX087A\F
M<IB9'>#%H52/5V:Y99</O,>69)!\N6:;;Y:739QQ?I;)D&UB98K&*']6J&&@
MCR;P3*6)SIBB@A]B>D!V*ZY5R7=WQCIKK;?FNFNOOP8[;+'')KMLL\]&.VVU
MUV:[;;??ACMNN>>FNVZ[[\8[;[WWYKMOO_\&/'#!!R>\<,,/1SQQQ1<O.R``
!.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>99
<FILENAME>g147201ksi001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201ksi001.gif
M1TE&.#EAR`!H`/<```(!`P8&"0<("P@%!P@'"0D*#0D(!0L-$@<*$@X1%0X3
M&1`-#A(.$102%!D5%AP:&Q86&1,0#1T>(B$='B(?(24B(RDE)BHF*2TJ*R0E
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M?(-\>)QD<K=)2KA&6*M)5;=)9;I7=;11;JQ:9L$N.<(R/<$P-,`L+<(S1,,U
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M^OSY]OW]_?#T^>[Q\+_`PB'Y!```````+`````#(`&@```C^`/D)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+!O?AX[>/7[^.'$'N^R@2Y$21`O7M6ZDO9,>6
M`DU:E(FQILV;.'/JW,FSIT5E9"A10B2TDE%+EC9AVI1)D]-0HTY)XU8/XK53
ML*(Y>^8LVC-HT*I!DV:-;+5JU[AQ8[>Q(KZW-'W*[=D1!X"[>//JU1N@0`,,
M*TA59;@"@`$#`A`3&&"`P&$!!0X78+"@P8,*'6(H@PE1F@<,%A#-'3W7;@/(
M!0($$`!Y=8'7K%D;<$W`,`IH'',?+%P@M@`"`0@0$'`W./````8`O\O`PR:4
M"CN2`5``0(5KNDEKOVF#^N/@JF/^&X"-.G&!"'Z)4_BTL`4`]'['_W8<X''C
MQXX+))A=`(6S[`>U5(X%`C20``"5;*?@37:]!H!PPO7UV&N(]19;;^,98!@9
M"KGW6@.]19#8<?,A!Z%PB$%&G`/L,43)`+T=```'["QHHT5VS28<`/7QJ)P`
M]2&68F(I5@A``Z$DY.%XM8VWP&Q"'B;D:Q3*%@$`#IP"8$'K7-!7`0<<0``F
M6]YHYD(R``!D<E`N!F%C>$D(9&(')/#:`-<AI()AO_&8V%YX058A:_6A!@`&
MV"6$"0`+H-8``"5P=N:D"L5@&(2%LJ@,++`H8PHF99!PI8JJG4<D`#8@A`)U
M.\(Y`1G^D9111@TPD/"`ABHFMAJ(?@$@0T)='MG;:PL`(`JER"9DJ7S`U49!
M6P6E`PH)?`I):&T/5,./I/R<<.D``P0'@`D%W7./.-->265D0C9@``7M((0(
M``R,^-J5+"2;VTH,<9M0/>V8HPXWY*RS3CO^(L2"FKXU-D&-`'94SR5V@LA:
ML[61:9"W!>SHV+@"D430/<N(`".8*E((P"@'.>-`<!4.:\`"I)2I8%P1W?-.
M-[T,LPHKDDCBB2>R%$---_%`R]#""\#7V@1*'V1#``XD]N>.+AQ4`G6J`5?=
M"0GEP\\U&P"@P`'EL08`#@=9*N8!ZT(&0-8VZUM0/N-\(\S^+JL(TH8A/_Q0
M!1J"T")+-_7@W-#"(,I7W0/^)-31@*M=;!P`'="T3PY'SK<C"@IM9$H""32`
MMH5?BTW0.Q=0)X"8Y54'031V(T3/.,88\THB:O@`!!!!$&&((,0,(PXZ_%[T
M`@!PIYA:!5$?=`/#Q\T&P`:J$[0UW,-%!@#8"K6T,)6LW8E!.06=0D#'$*8\
MGJ^4MJ222/1LT\HB?H`Q1A)!`&_$&8'0!3.8<0YXV,,>*TE>12Q%GJ=%CR`=
M&85C@-2Q'H&`)OKP%MH@@P`&`*`%#0E%`,*$FC`!0`+8*,@,`H``"J:F+Y`Y
M0``>8`TS@00F[-"&+/RP!C0DH0?^0"!"$,^PAUGX@AG@2(<2TQ$.=!A0@169
M`77(AQRH,41]J('`;XBS`0QR[#4(6-\')9<;:,!M6!P,``6X01!G/*`OI4+`
M:TKEH!MLRTSS&`<R6-&&-/R0"$Q8`A.8`(="&!&)X$AD$M.!#B?&`QX)5![S
M7G-&ZSRP(+`8UAS5=+WLQ81C!U#`V62$`L41!!L*:(UK4K.!=1"$@<1!#96"
MXZ`-L%%!^JA?,0XA!A\4`0I3>(,;E``%*OS!%KX(!C.\<0QO.-,;B4P'/)R(
MP'R\Y(X3<<%[R`>D9T6''ZCXTAP1`[*"[.,$`;!3G43YO89@`P+I1$T+`4`"
M>N1&&O#^[-BP_#0L!!C`@Y202_+RN,LUJ`$+5W`"%`2YA"5\X0]&]`4P@@$,
M8`ACF=X(!S@T>HY&&A"!^[@'3?)!CW6H11S=0,=&;CB0A2D@`;(,`/08,KTS
M_L9![)%)/]")@)XFX*4``-T5^R+'T\DH$@3A3<=D5`$;="QF!$`;""Z)DWF0
MPQ5L\,$3L%`%*@1S"DH@0AZ.Z8NR[F(8PPA&,(3AC64F\AP=A4<\YN%)?KAC
M&ZYPA2,\P0I9]$(<YC!@0I9GI]<YJ`*14X@Z-$"=,"'@`.ZRP"T+XJV7VHET
M[<1F1O@QG0VVICJFR,T_&-"7]7D0!O700%_."*86XL:4%Z'^!S(<L88PA($+
M7NA"%YS`!"4HX0UYF(0M:F&+7>#B%[]8JS#8JLAP=%0><[T=.9"1#$<L@@U8
M.$,;)I$+9J1#I#%)2&%(QQH2(G8A.G#=&3%;@X/L8VL*Z&E/%1#4;W*C=9ZM
M4P`FH([<+`],!A+``I;!CYIJL@&/LN-.^H&,18@A#%?0@A>0\(4G!%,)2\@#
M(6PQW%K4`A>^R(4OA*'6`4(S'/)(<=YFNP@U9$$(0?@"\;QKKH[`=B#+"Q,E
MT4:!Q!JD'^!\K";E2+5G($2#KTF`"87J7H'818YR?!T$`!"#W%3CC?HIW0!.
MT!%G0`!,!9!OF">00B!?)'G98$7^%A(J!RI0@0Y?#:L;^#`(5<PB%[40\2YV
MX8MA`(,9;/W&-\)QC&/<XA5]2`,6BM"#'YP!$+8@X$?O8<T##L24_XV;)1."
MBA#HATI*EE&"CFPV!(CRL?55R`[DJ$G(`D`$;.Q(>L/,:@(DJ2.$#7.8PQ2`
M3N!$'\5XL""A0(>%3D$.4X`"$=[PAT$,(A"JZ/">^8S<9GX#&;Q81!_0\(4B
M]$^LA)B%,,#A1'0PTESHOD=#"J/CJ!YHIOL2B#IT$%_'/M:$+8B7O\Y9Z@0@
M8(2I-K-'/)(-'+1P@TD60`1"VQ%N9&"*:N.`OOEQ"C"_[@"H-L$[;/*-5Z2A
M"%1XPQ+^H!`'AM*!"7&@`R$(,8A9J$*XM3#N+JI]C%_0P@][X$(1K*"$)BP;
M#T:$YD:="U='VL.:T%$8\S9HP@PHK1_92`7G6!AF`3R6."4PAT),D$Y1^EM&
M^3((-C3Q@<J!V4[4N81'.E*)*;)0U-BLQP16ZUBX+0`6&-&',=:`A2,L`<-3
MF,(0%"I()N#A#XAW=B`",8L\SQP7N'C$'M#@`R(`<@E$@,(="*$+B[)5Z!N-
M*SSN0=<;M_1(=B(?!'!P@QO(X`4G"`$"`-!3UZC&.C28K'MS$("SD4[)'\P&
M-++QCW]D0@8:^'>H/TV=#;`L-]Q@K"8!8('^$F1\8((;JF?^4)&.D&,164`"
MLH_PYBYX00YS@$(QQXIX0@3B$8RW!>1I`8A%&^$)3^C"&YA@A2GD81:ZL`NZ
M(%'*Y$RAYU'V``_6E##Z$`_K4`[M(#:K@C*5,QR`L@"I%%,-4`G6%SJ\]U*G
MIF/-TQ?%H6,J8P`E8`I1DR9G)"8`P`FZT1'7(`&KU5,H`P!:0A'D<`AA0&Q.
MX`15<`1>4`=W4`=R8`13P`>(]P<L!PF,APOTAP988'F_1050L%M0P`>S8`NZ
MT(6=MU;/M%'H4$#Q<$#V4!#U8`ZR$`O$X%?B(`\=L2H60SZU81A/%1M1!B:9
M53<"@0\?L'1A$HBIT1NA1CH=@Q?^!,`!GP`Q!&$-%>`Z#B("D0-%+`@W_O8Z
M094P#/$.K,`%45!,4^`$4=`$44`%71!X_O<'>*"$B,=X@:`'W>8$%@8%3*!^
M0_`$#\5A>>:%R02&)]9$\1`/UI0/\R`/QD`,AW`(9D`\O4`.GK0J<%->IX,!
M#U`=`Z`F0](;L_<`*<00^\`!DV1U&(<`"2`!Q+$7!7`!'B`#H<"(,=$2=@$[
MDP$`FI`2(2$0F91]CO4:#(`;$M$*6""*ZA=XZ"<'<M`%43`%=#!6AX=XCP`(
M?/`%0S`$ZD=L4#"10U`$==!RM:`*'L9GG6=1S>0-@S97XS`.A+8*?I`&?M0&
MJ]`+\K#^<?'&#R;`,(/8,12`#=1@"I\P"C=`B%4GC@"@=@SA#R```$IV;S*T
M`M5`"IE`"3:``Y5`"9T0#=<@DPBQ#XP5C:GA`+I7$*O"`'4"-ZXV`Z97$/+`
M!DX03&]@D%$0!7-`!P?YEDV0!X#0!X``"`]9!SY'3.JW!&NI;$Z0!Y``"8/`
M85QH5B3&7.$0#GG#"[30!W=P!$(@!$G`","@1$\47@/Q1;$A(Q80-4AF=0<G
M4S6T$/ZPE7724S)"`Q:A/AB'-H]"+HK26'62?3.$'6?9$;R`!6_PFW(9!4\@
M!U#0!&[P@U%P!'B0EXSP"'W@!>H7!6X0!;5(G%/0!$?`!X3^``B#(%P=E@N[
M(`R_8&W?4'.TL`=G<`0\P`-5L`>T<`SR8&Z,!%(`,H&^P530TA&F$%6C-(ZM
MR1#X@`$C9&JB)"._PB\F`44(H4W:)T<`D`EUPPX>0'OB&)L`$%`-(3^'H)#!
M1`?)^01NX`90()Q0@'_,"0EH4`1<X`1'L%O(EFQ1\'<:UHK=Z6$QYPOC:9XX
M!P9-H`1'P`1V60O-!`X=570'9$WW^%Y+5W6]D0'^0@-F4V\8EQH0\!^AHUKR
M-5\!\"L2`63.P`"MA6H?T($($0JN<V_D:!UDNA#?@`5R0`=O``5R\`1.(`=1
M(`=V\);)&05]``E]4`=%(`5R\(/^3?`$PBFHRC96@0`(L]"=P]6%R/4+N_`(
M/E0$3]`$A7H'@2"2&.5<8SAZ]@!>NK$UFN0@&2`3,OAEK#6(`,`"5,4/`9I.
M/65U]*5@$V$78DE)`1`#V(`-ZO"K[*`.[!"LZO`.V6`!Y.A8HQ0`]>@0K8`$
M4_")"N4$6S`'43!XQ"F+3J`'=[`%4O`$4B"G42`%<^`%4T!^2G`'-.ILC"!_
MR$4+?X`&76`$1@`%3I"ICX!<$X51B=1$C012-B80^3"AA54^`.!T!Q&/JVI"
M&(H0ZZ!::,.:"A``MOH0^MF@]L8`$``!#]"Q#R`!$M"Q#@"R@?A8Y!A?!;`!
M:YH0KP#^HB(*!4=`KG9JJ/<JBTTP84/0<R-JIR-Z!/DW!'(`"'\`"(LG"*H0
M;;:@BM[FL^KG!C$&:65%@,J$1(P45R(%1?G0`4L'4PYB`3(!$]B0`19W;UWY
M6@>A#B$PH*$42@!0L0[Q$5]T-A:B&K>''#S"(Y7#0E`&-Z,$`+[6$*V@!5$0
MITM@!'3YEG;@!%(0!78PHG3ZB7EZIXNK!510!W6ZG4LH"(Q`?WK0!,$SHDY@
M!TV0!'<P"[CP87VVK^#@743:4<BCH/GPAX$80P!P`0EA"4@)1BT(`-R'$.I@
MCE\77Q,K&A#1$:0P'N2C:Y2D3E`6([F:O&%2.GM(1L;`!5?^&*=VD+A-L`5/
M4*+%&:X5*9SXAYU/4*Y;D%M?H(1\X`>/\`B0P`=@8`0ZJU!-,`1&H(6TL`IY
M5E85-4!(Y*GH(*H%\0XBP#P7IX<7H#CK4,`B.(ZK@7>2TA&_*P#^)E^U*A'[
MP&Y"=B&O,1PI,XCR%$.L.4L0\)4(,0YJL`3)U@36.JYTV00*A6&^I012<(M1
M\(,MBG](<`1T\`=ZH`>$``EZT`7@.HJ^%:='L`5ZT+ZJ0`NV(&(5]6<#)(;H
M@*0'@0\3NH_Z07TX$T%@M&-Z6`+Q0A!`A@T/8&H63%\!=98#<0I@:H*^L45`
M<AQ+126F,\(;C#8Y%3[Z\`H*Y;W^TJFG]=L$B0L%Q"2*<V"G@.D$78`$5.`%
M3J!R@$`(?%`'1N"SGVC(<NJS?/`(LZ`(M(`+3TR`4JQ(]J")`O$.6=Q"^^2U
M"?$.[$9"PR(CEG"V;S1?\W6A$C&!.C8G"X`Z!1`N=(NW=7BWRHN;(O"J*L$/
MXX`&<<`$PZFGAOJ66[`%Q$F1(UH'HS@$HV@$6J`%"#D%=YD'HDNH%)FSQ8D$
M7M`'B\<(JZ"+_*NZX1`/FPB.839*U8$!`G<0RG`:@<AT`9`!)JP.;S2.0CEJ
M#=$1T0"FV9<`,Y0)RG`*$ET*HU`*I!`*J"`*G-`)GR`*J<`)32&[479Q`L`R
M-Z8/K+#^!=+JN,)YIW/0O5'@6].9IPKUK2VJ!5N@6WQ`!SVJ!)^(J0IE!/>J
M!7P`")#`"/%77%$[#,PPSP[Q#N#8H`Z*`3=F8'E81P#"#1#`FG7R4T,Y<`ZQ
M/&))EO`S$:/`,*_#F@"@`JA,$.&@"$@`E\G6!2\MOJ.H4(Q[K:2(;$^`!'.P
M!4@@!0KI!IAZP^J'UW*P!4:`!MNY>-#F8;DP#+O0#.!`SQG*#_5@SV"6IAC0
MUOR0#U^DQ0'0`(DR$-@@(K'I;P=2RZ;7$9Q@-F,M0Q.@+0&K#S`1L";Q$;!J
M`2.D(DJ9)`TQ#GY0!'+I!7"Y!4Z@S88ZG7,P!]D;NELP!5+^X`1>@+Y:0)''
M:<C@*P7@?+Y]L)V,,`FST'BYL`J^(`[P(!'M4#9DF62'TA"ED"NOLSXR8D<F
M80T./8XO)2.;\!!8W'O^B2`4T1%IHFL2"RD/<0P'50?%9MR+&ZZ&VMS"V<(Y
MW07?6JVZ%:[&:<B1.Z=/P`5W8-2`P`CC_<3@&0YL7!#L(*#_7"<`<$'>N">]
M/!PRPHVZ40TB(E]?!P#][8W\\`EF$[UH@T(640QH4[*SJR6FIP_CH`@^T`2_
M.0=&:)#.;:A/<(MR4`?1G5OB.Y=;L.%*T,+6*N5?T*<C#FT>F0OBD.)<8@%(
M:8DFQ`']P@_2\`"OXQMZV+L"<0W^J12]+70@S=H0\)7:`>":%M$/[.9O9Q<`
M^>+9N4$.K.!'P_D&<*G-=GK);SG=B3T'4E"M=XK3HWC#34#7Z"><75`$=ID(
MCT#BJD`,*%X1ZO"(^J'?`<`!;-QV<!,<Y7,:Q](2UW`:I*.L#^H06DV:/E4`
MRJ!9$W$*+;[?!P`!1I;BR<`&17`$);H%=-"]=5`'>4K844`'*LW-?]W2BWN<
M3V`'""F^3F`$==`'J^[)JP`.US01ZC!WP5XGYB@"/LX/6IU]I8HY@U$-]3*.
MCT5?&L,0;;?5/A4`&/"J#L%O+<ZV7`H1X[`&/H`$""D'F&H''NH&V?N6((J=
MB<T%U5S^OE(^S=-MJ'-J!)JZN:K0"VQ^$&8\11XL(Q\`$?]5/I$A-[7,#]2`
M-JI=)U/6(@M1#A=0`!`07YAEWQCQVJ$F2F>#`#8>$?2`55G@B7'PEJ&K?AK?
M!.&J4.C'O?2*?YENKV[PTEMP!#[=R:$L#QBQ#B;P`!J0`1*0`1E@`1"P`IW!
M`0R0``SP]Y"%-A:`'=)P&A8G`%-V+#<V'8@QS!5@I1C!#N"('"PTS(9NL0-A
M#.!G!-/=!"-ZN-,LIUU0K71Z?]ZJW7:@S;*HR4O\ZACA#^[0#NXP^P:C#F/\
M$.P@#6`!#='`^]$0#<K07_AP"J8@T?^`"J5P"J7@C@E1"DO^80E&813^:!.F
MT`(M<`+8GP,Y<`(E$`/,#Q'Y@%73;:^?:*?-;:@IO[BC7[YV`*Y+D-CC&M<+
M!05N<`>]P(>UD_^AXP_\[P_]`/L`\0[?/GX%#1Y$F+`@.4=BD@2)HN5)%RA;
MDCR)8B1*E"UVI-B)TN3)'"\<N6S9HF7+$RU=CJ3)=<\@084U;=[$J7!?/YL\
M^=',J=!G4*)%C2K4=^R5F"M%GKR!$E5)%"A1[#QQ,_7)D2==4:*<TU6B'"H]
MBN#)!4[F4;9MW;Z%&_<H07WCDB7*,D:CDZI=*&YQHN3(EBY1N#C9(B7*$2D8
MI6R9LQ&.E2%G:H6S)U?S9LZ=.0/^U8?LU9XK0:!\H0)%SLHG<C@6AJ*5M9,F
M5!5'B7S$R!E!O<#E\QQ<^'#B">G=6B0&C`^G5"+[51P5RAO7&Z-(D0)ER)`H
M73D628(FC9]5P=#MTX<P_<'UQ=V_AU^PKBQ%:BY2_0*&Y1,E4Z,X"8DJUY[@
MHC&,(//""RR0.(,*-1CY99MPZ`$.I_;B(^Y"##F+)YQ>6$D#B>V&V&*C[)QP
MPH["IDAP#LCDH*B.*JC(SPOLGD@B##'86",11UQ!YIMQXEE/PX*&VO"M?8#:
M)Y]PY%D'G7J2/&J]G0X*9QM:``&#"RZ::`)`*.BH0XZ)NO/B"2K,I*(+,+[P
M`C#<GK#^PR,OK\`B"S#4\(,17'K1!IQSXKEG27[6TDD?H!*ZT,B:'%4TJ'ON
M@0><7EI9Y!!9M&&'2L_HV2891]@`XPHAE"`B#JKB@(()*)9P8D"2_'J"KR>:
MD,(-Z[KPHHLOFB"""2:<.***,_`09)))B&E&G'/0D2>>?-#[K*U]XI%'GFZ\
MZ247904YHXKQ7M%&'D<]5=(@?>BQ:Y$^U.C"""*&Z$]8Z:+P8HHNYH"B"2BD
M`-,-*$9"@@HIDHC"U2F.(*(*(HC@(>(?JOCB#(O1$"0011AIY19DD#GF&Y''
M>5*>>4X^.1^5]4%Y'GI0IB?F<68F^1MCC.F%EU9:6845/_#^L#C<(W@@X@?>
M6IE&'G2)(VA1?>3!V9$UTL#"A]*,B&J*(9Z(:@DE.HJBOX@>>T(*)[*+,PI=
M;X,-P":4&$(*)8*@.PDIM$#B33#`P`*--=9@8X\U%/%#$5844601POWHT8\V
M_-A##\GU\$*+!+>@E[8@FA"B\R2N2$,18KK);*:EJ5R7'&-$?3<++'H((@DC
MC`@LQ<"6@(**)Z:(8@H8SX2"52<LKQ6C+U*B@HJ"D2A"-RF00$*+(HK`XHLD
MIC^BB!E1&[B.*6IEF`@@'B:BB#:W:B+YN*4H0H@PU#BDE2#I06C1TT]/7;1%
M$B$UC"^%:$(0>#`$W1SA"$T0V!+^WN`U)52%"K5APD:FD+4I).][5=G(JZ;S
M!CI080IPX"`5.@A"%J&F"U,`$(I2,X2SX:@'GP-#'QJQB%ML8QSTNU\.U<6>
MA.3#939#QBT<L0@VN`X+6$@"%V8',+K-32H-M%=@A.6&";YA"G&`0VR"%P=7
M68$)7+07$[SH110]H0AT$P(2/H>&/9Q!#8-;13&TT8T*Z="..3F7>N8A#W*$
MXV/)X(4K7O&*1>P/<&P00Q:R$(8P7($+81C#%7PPR3%,<I)"F.3GKA#)*X0A
M"XE4SA[\D(A$+&*0LC#&'.5!(4=1BQ]YO&,L=U@E?>"#7>,@!SF0L0UD)`,9
MQ4B&*UK^(4AB%G.8M[A%,8#YL6^0`Y?S>&51["=+:G)&0TBJ9C;O.$WA(`D?
M-TD/-[4Y3G+:1)P_J5\YU;G.<Z[3G>^$9SSE.4]ZZK"=]<0GNN[I'@WM,Y_K
MQ(<I1C$*:)SS0NW@1KK8\0Z;P/*?Y8R&`QC@@`+$H(XWH80'ID24)1%D%#;(
MAPM>T#1^U&,&9#`*-@OBSX<61QD%L($U1```6!3D'>I`R#O:01`:/`"G;+F!
M".Q!!I0:I!T3\$!+\5F*`6B"'S0`0#'XT8D/7,`$T2BI)4!P@C+LPP438`<^
M:#"*@X0"!2B@1#OX80H6H+53-!`!/T@1"W[@`Q-C=0`+#J+^C&HH0Q3\8,<G
M*B$*X.SC&:2(AEKY<0U1D.*;):4)0^NZCVLPM!W02*A-J\$-DJI#L4K%"4].
M`0!*/`,#'?#'*1:`@E,\``/YV`0`7.",3UPC!AAXAPL64`IT6J,!*""%)911
M"@.@@`P.0`$_;""">FS`!/P@`P!>`-45'*0$%$#!"M9Q@@FXP`(QX(<E(L`"
M&Z#T$@7H@`5$4-D2_%49%S!%-3C`W5&<P@(66$$G]A$*#E3@`BXH!S\NP8$5
M;.*QH+U)*0"``@S0=!\R&(`R^$$)`&S"`Q90ZS[:$8,)O,`!IECI6@&@@G7D
M@QWI[10.`'`-,I"`'=A=QP-$H`_^:42@!0?I0`>PL8Y+#(`2_,!$`9PA@@98
MHQW4>,<#/E".4PP`P`ZX`3]$`0#A`J`#HR!%!2@0C6ML@AH6X,`S/@$`'&`C
M`C=0QRC6@6!S\H.IG!@S>%U@@&OP(Q0`L`$%GKL>&`2@`1.0AGQ*2@8...`"
MF2"`"@J""0"8@@PF>$<%7$`-`$09&PVH;M,XX(*?B&``+)"!"S8PBDQ$8`*C
MOL8`/E&0$SS`&1?X,2D`@(EG^#B\`."$06`!``Z4(08%^(`R,'"!&\""I2V=
M<JX]``!J6`(`H>"'"P@0BQ(TH,[U"*D%1O$`#V1VLOP810!(<($.?),,`:`&
M&4X0Z1?^<,/)_%`'<F="X(*@8`"Q:`<[UO%-:FR"`A08!0%6S0\2/.`9$["$
ME"OL#`"@E,+0_J8RR'R*3HA"JL]@P0($`&(VVZ04#EBU*1@P@W*(H,,%D,$^
M2.&`#5@B$MQ8@07V\0D"H*!"T;A!<$G+Z!AT8@+/C4$)CGH"?I@``)GH!`#T
MNM(-5-?.!CA!-:#!B76,PAE>C0`T*K`!;HP"`#&H!W[S<8E9,QRE31[!._3A
M#&H\8`7`4<<U],V/3%"9&YPX<,>-ZHPI[0,:-;U&)\HP"IH\`P<X<.\G"&(*
M2ZRYI)QX00ILT(YX5`(%*K`!->S,B7R4`1/\D,8).'`#%&3^XB`TV(1!?(X!
M$5R"'Y$XJP5L`&1N6Z`$"3VN"U30@$\XPP&I#Z\!2B"#R9.!`")0`0F<X8P5
M7,+DUZ"$`:JA=[CX$Q^?_4G>!5T0?#A^48]-CS[*P=>"U(,:IYA^0:I17\7N
M0QG*4$<UZH$/:'2J(,K`!";6G(]G7*(2REB2:"@#2J@I:A"%C:*^F=`'*^&A
M!"0*ATI`"&2:FFBG>S(4CG)`:;H^!,S`#H2+4J"`"P"S7$.GGZ"):>JH$`NG
M$C2=$%,7@L`$Q3.=<K`!CHLF]?#`^""(NKN!3W"`(DL(;CJV:.JG@_@`#N#`
MQ7H`&F!!%PR*=I+`'"P(1`,QJ!+^+$K`@1O`!TM0`1F@A+BSA$Y1!\)2!TJ0
M`4O`*74(!6C(A#!$"&ZPA$HX!9IPAISC@!)@!VYXK'>H!U/`AH)8AU`@!8-0
MAU-0AKQKAVLHG8N2PKBHNT^HA@H0@6AX``<@@T]0,1O`!`:(@6=8`&BCA`N@
MAA+P@$_```YX!V=;`1N`@!D(,7SHA!I0`0%PJE!H``N@`0-8`6>H@,]3!Q<@
MA0[XL5&H``O`@4_0AU#8``[P`!&`!G[(C&@`!6K@!'7(!,=KQ+B(+1N(!!@P
MAW*8`!RHJP9(@8*X`0*XAA5P@7I`.$ZHM'*(`0`8A4J0QZ?:@&\*)VQPAVS(
M@!R@!P[^F`!KR`<,6+<-V(!]R(0-D+@7B#0+@(9V,`5E<``1,(=KF(#D(HAK
MH`9R*(-IB(1GC,)L#$(!&X!0F!1^X`8*B#)V6(`7*(@Q@P51X``<L`!SB,>M
MXX`(*`5G"[0;^(`#PP<<T``-0(`2J(:1*P@1B*M-&(!3.`$R*`<\\SK@`S=>
MHP$9^$'[XP9J6(=8Z(18>$:1=(OT,#YC(PAN<(#9:X<"<$5^H,=H6(<&&(`H
MFP$`$(5UX(;IBZYGQ($2"+$I8X%8N(`1D`8#$$=^\`"_O`;7FH!JD(:&<\=!
M)(@[(X$;(#Y,6(_NTS=K6`?[$TNWJ`0".(5#62P#F#U]4('\"5B^#1`!AAJ!
M"`BT4#"`%V"'<HB%?8`J"9.!#@@Q>@P%?0"!#EB'#<"`-?NY@H`JO7J&AH,&
M`&#"??`'90B`MLP'>Z`_R;K!SX0+9:"$-2.(>B"#T02L&:"`"H@!QX,%:$N/
M4[@`!S"!5?N$VP,R)D0G:N@`"%BNZC*%6RR##8@!@G@&$7`&T+/$\%H`$[B!
M3E`N`B@!'%@!4OB$`>`M[>0G@[B&:V#$@RC$:OA.^ZN'3FF/-+,&;L@L90C/
M"UVI<B`(?'"&A-J'49@!'.B4=QB%%4"!57,&&IB^(:30!\R)1>'16>I1>G*H
4$\S.('0E*W$E)^0AT`C)X0@(`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>100
<FILENAME>g147201ksi002.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201ksi002.gif
M1TE&.#EAJ`(D`/<```$``0D&"`L'"1$,#A(.$!82%!X;'!H6&"$='B(>("8B
M(RHE)BTG*2XI*BTW*3$K+3$G+#0M,3HO-C$Z+38R,SDT-3LV.3XZ.C8X-B\N
M,3X]0#A&.$(]/4`W/$,_0$5(/T5"0DI%14U*2DE)1TI40T942%)-35-/4%17
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MP<2[P\B]QLJ_R>FUQ?.UR\/`O_K-A_C)EO[;C?K/L/OCM_[YN\7#P\G&QLO$
MR<S*RLG(Q]'-SM//T-'0S]33TMG6UMK8U]W;VMG7U][DWM[MX>#?WO?-R/?+
MUOO7Q_C6VNO'R_K8X_K/X>'@W_SGQOSHV/[]S/_XQ_[\V_[WV.3CXNCGYNGH
MY^SLZ^3JY>ST[.?TZ/#O[OWHZ/WM]/WJ]O#P[_[]X_[^Z_WUYO3T\_3Z]?SS
M]?[S^?O[]O[^_O?[^._P\"'Y!```````+`````"H`B0```C^`/L)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+&#-JW,BQH\>/($.*'$FRI,F3*%.J7,FRI<N7
M,&'RDSBSGS^"_FX.S"E09TV;0&WJ[#?SIDZ>0WD&O5G4I]&C0G,^!:JT)]2A
M&[%6[<E5*=*I5*5:%4HU+%FI5X\BM9I6;=6W8LN.A8K3Z,ZE2\':#7OU+DZN
M8PMB)?JWL%^$/RL.-JAUX>+$BP4[9FSX\&)_/Q,'[KJS<5*M20$/7KL9[<Z?
M>^W6-!U8;^J^8K^6G2J[=M?(,1MJ'EASM\69OFD>O%S7'[W<R),K7\Z\N?/G
M"'&/Y)<3G_7K[-CAR[Y.G;IUW=/^B;=&OGRU\M2H34NOWMFT:-&@-6LF?WXS
M9OB9P=H?:U6J5*><@LHIH'QBX">>=.())9Q00HDDCT3R2"**\(%('WP8P0<?
M0_P@A!`ST(`##232\,(+**1X(HHDH$#"BR^XX.*+)7SPX@<?C#!""2+HJ.,%
M&W!P`0;+",0#""(DV6.2)XP@0@HFG)"""":D(*645*:PP@HJL+"E"BF$&8.7
M,8S9)9=AID"F#"O(P*8,-=AP0PXY[&!G#G/RP$,//OC0`Q`^`"$HH((:@<@A
MARB"B"*)--KHHHH\(LDDDT@RJ8.8,M@@)YQX8F`H!89"2BBEE()***&84HHI
MJK(:BR_^L/JB2JR_U`J,+[8"$TPP]O7J*WWQU>>,,_0-ZPPTQPX;C7O3K/=>
ML\V>9PU[U5!#7C788DM-MN2EQZTUXI0G[KCA@BM>N>.6)XXXY[*;#KCE:0-N
MN.RN&ZYXYUISWKKP6I..O>B6]ZZ]_^K;;[KBEBNMN-9F>]YYZ:VW;;410VOQ
MML]"`]^RSD3SGC3-0@/->_`!XZO)OY@,##`II\PRR["RRHJLIL2BBBFDK(KJ
MJ*"``FK//_>,H"><+OB@)$=+$HFBAR)RJ!%00PWH#X+V8+6>>MYP0PTU:'V#
M#6.RP$(,6FX9PY8K>-GFEF&>X/8)2D[9(P@AU%VWCB&,X,'^!1R,<`$(0EI@
MP06$7U`!!19T<$$$$51P@05",AX!!0\\,'GC%1P^P004=/X`!1A0L+D##FQ`
M.NFCCW[Z!J:S[CKK'Y0@>PDPN%"[[;7?#L/N.N"@@Q`Z!!_$$#H,L<@0R"-/
M!"..+._(\\]CLDDFF6"B"2;2;Z+])J*,TLHHX(]22BNMI,(*.P(Y4THHHJ#J
MB2:>O`__)9I<4DDEE^0/R?Z05(()_XUP1",:P0A&$-"`!%R$`I$W*",@"@B'
M,$*@`C6H(`"J!SO(`9_N=(,>\,!.&8P!U[@&-C>QP$INBY*53%"E*8&`A2$0
M00A>&"43R)`#,P0<!^BF@0MTX(?^'="`X`Z'`0E0P'`1:$`#(C"X"C!.`E"4
M@.0H<#DI6@X"E8,``R#PQ`@P8(N5^^(#&K"`!"S@BQ!08A8;\,4O-L!RAD/<
M`R"`Q3>.40$*6(`>&=``""P@CPM88@7(2,9`DA&/2BRD'1EPQD:6,9!N9*,:
M&Z``!BC`C'K\XP+&&$A-OI&1EDP`(#.Y1$J>48F,/",G*\?),_)1CX74)`,J
MIT0%+/$!>JQD*CN9R#_B,9.Y_.(9TVC'3(I1BY6T'`6P2$4*2,")JJ2CY+X8
M`2V*48H1J%P$)##')VXQFX'48@4Z$`$?@N"</N2`.NU6-[K)D)UR@QL+H^0V
M%71)!F+^JP&=YJ3!'?3):E83%*(BB*@A#$^!"F0$$18Q0$L,L!&6N)]$-5$)
M35A4?J(0A2M<48J-HJI4J6@%*_[#BI*6%!;+(,8R5NJ,91C+62"CUC7($RYL
MM`,;V$@'-K*ACFSX]*8^M>D[ANH.HK[#'4@E:C[R@=1\Y,2IK.&-5(4C&>A8
ME2.108M4E@I5Z^3C.F"E!SS@@52DLL,=_\@.=]C1'?"XU3O?\8YXY(HOFM*4
M7O(RC[RDI8V].LM9Z@&9Q9K%+&<9:UC3.*QB%ZM89@S+L<Q8!F1=FI_\M!2R
MCJ5L99T169;BY["6!2UC.3M:QB866B\M[&`K-MAI/.Q:\O+^EKKNJHUVX0NN
MZ7BK.MBJUMZR0ZR]M8X_\$$/L'YUJ<+%QU""<U6&2*<YS'7(<Q,R&H+TAC.B
MR<MML$N7SFC7+K"Q25'(PA?M$F:[X`V*7`"37?:ZA#C.T<QTFTO?C$37(O-%
MSG/[HM[8Q"6]6B7O6MI2WMG`%RBKF>IYI]H8@5Q7(?>MKX0G_)P$&\0WW>VO
M@M>[%PT7)KW;;2^'O\M>SW@XPW<)38--S)G/'&;!ZBTQA(=#X1K;^,8XSK&.
M=\SC'OOXQT`.LI"'3.0B&_G(2$ZRDI?,Y"8[^<E0CK*4ITSE*EOYREC.LI:W
MS.4N>_G+8`ZSF,=,YC*;^<QH3K/^FM?,YC:[N;Y1!4MELE+=-]O9RODU28?O
M7.2M,#G";P:TA`7-YT(C.1V4B)\HLB&04G@B%)]8!CX&0@U*%*D@XA"%,RJB
MCE-=NA_L2`4J-KT3:PP$'^I@"684(XX\0\3/$G%U;F3-D%6((\KT8$4^*@**
M=!B$'JUFC%&L(X_A:F4:J1Z(-5AQG(&XIR;T4,]ZJC%I*?N$QE3U,2H`0(``
M`$`$Z+L```8P;DD`Q08`0,"M">()`*@@Q@_Q00AV\`B=4$($0*`$0:H1`YT0
M(P:%F02IJ^I@@Z!B&L[M1Z+AW1!G5,D$`Q^(.HCA$%"4*1("H48,3(`(G3@C
M!?HVR#_^'E%M@2Q#!3.H`0N*1.B*K$,17:)$M9T!"H*P@Q2X@84-1B`#9ERD
M`J1HB#]647)\P&(GDNB3K_L1"E-+_`<IV(&O__$)G=`C$K\U`@9W4`-4%(04
M$?<'(O39@QP$72&D",'1"\(*$Q0$%$Y/!P?,;7,@Z,0$GBC()T2@@AHX72#X
M0,1Q(B$V&82`!2571PU4$`)6"$01'&"!"2C>CT.$B0<W(4;?=Y`X]"FYY0C9
M1\(%LY4'<X4?^NB'/HJR#W_L0_0%X0<_O"$/@>@#'."H?3_BP8UYQ,,;_9!'
M[R-RDU0$(`BPL``!@LX!`Z`B$0-0@*G3$8$"!$`19:$$`&3^H'I:^\,$""<(
M#OY.Z10,)!4A.(@GPA^11S`#'Y'8;P32/Q$1/((?E/C$7YS1@WXLX^BX@0\I
M``O-`FHA(`GJD`)`(!#T\`AN]Q?LH`'-)A#6``N2MPSD)Q'+X&O350T<X`.L
M4`HAH`*3Q@H"D'<W80T@X'D%(0D7\`C+<`@+2&L$T0%>-UWX8`&;EH+]=Q/.
M(`*HX`F>EP*I0!4<<`/3X`-NQPXCX'GIL`";A@J@L`J(<`"?)A`XP`DVMP``
M$``$```U<!?10'[ID`+]EV"/D`,$`0L*P'X]`'!<\0CZ=A.2\`-!P0H=``MB
M]X`"X0,5(!#LL"[IT`%T=Q,UT'_^RU`!Z;`,#4`-_4`*'=`/UJ`"].`/*?`(
M4=$/(Q!R2;8-O5![WB`,J0<.NL`+O;`+HN<-J-@/O%`+O5`+NE![NR`,-J$+
MLP!\`D$.LU`+NW`+\3`+M#`+>+"*\O`*<H`'>$`'W]`/W(`':7`+_C`,<H`&
M<L`&L]`/A:`&T[@&W%`0WH`'4R`'S-@&5Q`%:Q`._3`+6X`&4A`%=.`&6Y`&
MW?@0-X$*U_</&!``7M<!!<`.RX``!;!IB%``(A``'E`0[<8"_>`#'&`#+X1P
M^/`('!`!5S@0['`!*8`(U48-$9`"6L@5U)`".H$*(M`/^#`-J1!^Z^`/Z3!I
M^.!TSD#^>>R@#<20:LR`/I/F#!Q`#$['#^F`%9(@0H[G#YZW'391#2Q8$)?X
M800A@S9A'08!"PM0"IY'"6HHB1VP;LX0A@;!#B`P@0-!"=AW$3'@=8YA`A\I
M$"J@AJF``!=`:M1@`B4W$(F8@181`D7($.P0``!W$XA0`3H!!"$`EC8PE"8)
M!)/V#Q1`#_^`>`*A#AS@B`-A`YQ(&$!P=@.!:`,0`<20E)47"F4Q"0M8$#5@
M;C>Q#A50`-4`%)Q@`VN8`*9V$Z6@D$`1`YAHDBG@>;!@`""0>D!AE05'#2'@
M>3+P"8APE?[``=/@"377#ZEP`@6G"#O`9(*0!+O@#W*`!,/^T`]Y@`3&\`5(
ML`O]L`9%(`S@,`518`Q@$)[R$`5=,`_>,`5/0`Y`L0U/\`1*$`;=,`5,0`98
M@`1[T`^T<`1D4`58<`2R(`]<X`1G0`C@(`5.,`9>D`1YT`]LX`1D4`9.0`<$
ML0]K<`1V0`CQH`9,8`=E4`1PX`^!D`1N``A5T`1V,`9'\`H200H"D`$-4``L
M@#X<<`#-!P`LD!,5L`#L@`$!R17:YYHA```6P`)`V@]!```-P`*&21`G.0TL
M,)KI``NL$`(H*!#3\&X"D0HEN0P?&`*ET`\G(`V4D*:2,)V(T`-&@'V=P``V
M,`V38`)>MP,Q:0!&$`.K"0O]-A#^^J`"XL`*<.@#C@@$)+<#9<=^^Y8"*E`*
M,V$$/I<#XD`-1M`/)L`!^.`)&%1O7)$*5A,"/K<#<ZBFCM</Q$";!<$.'@"6
M-Q$)B2`4B@`HFV8-.>`#@>@#4(-PSJ!U0$`/[/``N4FJ/A`*<RD0L``"4+$,
M%]`/I9`"TZ"<_1"7R]H/.["I59$.0-`#AX!QQ*`(AY`#FS8-5J,(1G`3E.`#
MBO``CI<*-O"M/F<0K!`!D0EJ%6`!3L=U)S":_4"E!2%ZRV`!_4`/%B`)GQ`*
MBK``JSEID2"F!=$#-0<5K```%9"4'9,#B,`,2]</C^`#,78"ALD"4+>#_3`)
MTSD3ZD#^`8<GJL2P`G&X`C?!#)Z*E9YP`I/F@R'PL?V`"GS8KJMP`;[F#!3@
M#T!`>>(``D['##W[>?TP#EGP!L-`!5A`M5DP!O:0"T[P!L(P!5=+"TH0"/R0
M"T_P!KKP!%.`"WMP!+9`$-M0!5*0"\I`#EEP!\I@#'([#&H`!<F@#&-0!-_0
M"T<0".7`#[J`!&U0#LD`!>+8!DC0"^7P!6E@%[SP!&Q0B=S0!%9P#_6@!E$0
M#H%P!+>`#E5P!>XPNK?P:H]8`!9P`!&PFOW0?"M@!*4P:9UP``L@`P80`#/`
M%9T``*YI`@%P=`B@`NRP``8@F0HA#B:0;.D3`G9!#>]V$VW^][/FI@B_"W'I
ML`,760VL,`!.,P#B,`EPV`,IL`[]4`/$(`X*2:K]``)?JG`4@`J44`#Q2@G5
M$`'L,`,4"00@$!W3@`,+R`)%:`+60`SF=PB(P`H%X`FK@`"5"12H$,`XD*HG
ML`H"\6\'L0XA,)<W\0B((!"((`GZX`Q,NPP/D`[LP`&WBPH6P`^3X`/^L`)Z
MP*FE0`TS8`WKD`,`.Q"DX*HW00T5``^IP`']4*VI8`TBD*TQ@'%#H0\<H`CX
M(`E_>`@-P`Z/(`+^8`&B`'\&T`^1P`'K@`H&P%D8``WKH`"IRA6-`@K0B0/:
M6X1*<0.7)K!0P0P+4"1>&0KF0PG^"R"9J#"<!W&9!I$*`'`!+,@/*\6QOW!K
M(3R#!,$!E^8#(QP#",>N_2<0,H!]^,!Q_B>Q`@$$(L`""5!SG^P,ZS`".I$.
M(+!V0,$*YD>'TTD))V`"!*!_?$!Y<8D^R5DD-*ACN3`%6F`%=T#,3=`+1!$'
M5-`%5Y`'55`%:A`/-G',5(`'=4`%5.`&J;<-N.`/W8`%:C`3\3`%;^`/VY`%
M4K`-8'`%X1`/;*`$WY`+1;`'KY<+2G".N]`$%<H&34"+7[`&_5`+:/`-Y``%
M5C`,X-`-IWL+NQ`%;*`/JBL/5F`%Z9@$M>!J-P$*`/`(/0``*3!I%U``'"@0
M*>"Z3%3^`!&@OC<1O$H*`$5R`.9W`0%`">*`#Y1@`O5JDM9P$[!@?O2P=)\`
MAP+ARM6F"&$("D&G"-RG`D5B`QRP@)T``E*(<Y*PJ0+Q"2?`#NPK#BHP7"+P
MIT.!#V$="90P)J#&`B=P"/W0`2H@PJ!9$/K@=-:@`?HP`YN6`N)`#&&8")1P
M"`M@!(ZZTUQA#6Z7")L,F;*[#%Q9$.O0Q'_A-#;!`DX7`ZG@#`#'"@&LEM/P
M"8[G`].)`],0"GGG?R59$-80`9!\$Y-@?J*PV<YP`8<`V7=Q"+3)$\3P`.BC
M#N\&-?V@V2JX:Q<I@+=Y`LP0"5PI`_,+%#>`<2+`"1V`#S7^,`E`,6F3$-<"
MRQ75T``HJ'@#(0X6X(@M['B),1,]$'0)9GR*;!"(`)IVD0B2/!!JUP_28`"L
MX`P=4+$@RY7^$`*D-G:_S7TXL0X4<)4U\`#$\`@4*1`QP-:HS0')!G)/:0(B
M^X@AUPDRJW`.SF3^8+=(,`?C$`9*$-$"80Q/,*/W4`5(4`M$X0_(\`1(X`V]
M@`1;H,S<N02[T`U(P`4SX0U9T`1<8`5',`?]4)U<(`4P+@SH$`94(`5S@`[K
M&053@`05"@9'P`O\X`5NP`]?L`1$+@A/L`5LX`^V<)]/4`3*+`A'D`OZX`5A
M4.1.D`L,AW8!(`GT$`$```3ZT`#^`>!KJ;<,!*``#PL"'0T4E2"\_D#HCD<`
MZ4<*!<!M70H`/``4[!`"D>`)'=`)20P"<D@!L"P0-I`"K!`)"-X/GR`*E1>&
M\PT*!>"(ALT,U@"G_<<.1H#?8;H,SCMIAP#3!+&5%AD!FV8#!G`<0!"&S@":
MTZ"^@%@!K(`//F!^,A`)ZA`!\(`*YF<$D9!\Z/,(CG@3GC#"^!`#"S@-'8!P
M.!"&Q2?*0*$.M$T0#B00/P":Z7`!X`MPZ>`!OB8-$>`/D^!X&L2IG+7)@FV2
M6`$$'+!T,.QSGQ#`-]$,KNM>7DEWZ^`,[%`!1;(,Z=<#Y@:)Z:"(K+H`_9`#
MKJD.#]#^V=':#QBPW#9A`D6B?=@G0?T@">(=`N&'QX#(`5_*V\K5#]N-<`T.
M8P.!`VEZ%XB\WFR'LB0LLEBA`D='"BEP`S!``#)0;9$PG3?Q["\)`FE:"NC.
M%:#``L=!#PZD""QP`/I&">8G&37@`SA-R`HGDH]I`L_`#!?@==,``LK.X?WP
M!V>0#/U`"&>`#*MV#H`@!L#W!W90#P-A#W_@!_90#V4`"/8@$(0@!MV`#F;P
M!ST^!6-0^()`G_<`"&;@!X,`"./0#\D`"&4@YZE/^H-0#/U@"(2`#OQ@",;0
M#\8P"*=O#\4P"+?/#[WO^Y.?#(9`^\>`#%%[#/<@$?#@#+[^E@[W[0\M-130
MSW[54`KLEPXYW`_.@`KHDPJ7Y@RWJ@[.``3D9PU\<`B?%JR(`*F`1_;F*A#5
MT@_,X'6=X&OT@`HZL0QCXG6P8)8`(4F$IWZ/K*V+U*]?J10*^_GK!PN60HB1
M.O5S1K`?OATG4DRL4>JA0D\50J2HAO%$B$?]EB'J)XF@#Q,L<K!S2"V%"A,W
M%9(:D2)&.H?$@#A$FNX$1*0%*2FT)N(&B):DCO:C%*)&"%!8B?7;8:1?C67]
M5K"H8<):/R"L1CX$4D&&"@YN^X%J.))5PW4]\"5=D2)'A:.4(O"X$(+MTU`7
M^AWJP,."`G_6(N!00<!9OQ0A<@S^:/56(3P.Z_JE"T'4TXU^>BKP".&CG[AJ
M$38[7"&@!@L;]-C9<&BM@K5_*7`V=9AC%7)6`T`<1]YT4DNF"G=(>NMOQUI_
M_D@E&LD1!(BG_5:+]L?B-M*^"GLPB]Z/G8\4-:@Y]#'M[:D4)T3V0V62^`8D
ML$`##T0P0:3*408B<Y3A!RETS%'HG'.0\N><<OKAYQQ['#K'''[X*>?"?N*9
M8@Y[ROE0H7K0J<<>?KKKIYYS(NS''AE'Y!!''^M!JD4.Z\&Q*1XY5#!))9=D
M,DE_](FNNJ98^,]):XYCYR^DU*&F.G;6>N@O?)BBQADI'W+F/J2L64\A?.B)
M+IT4SNS^9QTX%1(GE-OP,4TA9T)1,\O3U#GM+WA2204G=4(`<\U0$G6(GD85
M(HJ2')#S!Y9/EH&(GXR<62L=G-C1KQ]6/''&S'ZL`<49:>"D)Y12IH'.(7^Z
M5$@=B-A1TYE6-^I!A$2J\V>995A!)97N&KWUR3[CV\$NI.B99E("Z;D3J4=D
M:(H=8K-5B!JB(IP!)BG!Q=#-`KTM$!\MFX0W7GD/+')>Y+S!8@_1FJ(SNGKM
M!=A63-,ML%\"_PUXR6I40#=A!0UN,AT;H'0X2HP$Y!=!B`YILV*'OX087A\F
M<IB9'>#%H52/5V:Y99</O,>69)!\N6:;;Y:739QQ?I;)D&UB98K&*']6J&&@
MCR;P3*6)SIBB@A]B>D!V*ZY5R7=WQCIKK;?FNFNOOP8[;+'')KMLL\]&.VVU
MUV:[;;??ACMNN>>FNVZ[[\8[;[WWYKMOO_\&/'#!!R>\<,,/1SQQQ1<O.R``
!.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>101
<FILENAME>g147201ka21i001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201ka21i001.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T-
M#AT5%A$8(Q\E)"(?(B$F*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_
MVP!#`0H+"PX-#AP0$!P[*"(H.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[
M.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SO_P``1"`!&`6T#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#V:DHKSCX@
M?$!K)I-&T:7;<#Y;BY7_`)9_[*^_J>U7"#F[(TI4I5)<L3HO$GCS1O#A,,DA
MN;L#_CWAY(_WCT7^=>>7OQ)\4:U<&#2XQ;`]([:+S)/S(/\`(53L/#-G8V:Z
MQXLN)+:&7YX;-#_I%S[GT'O_`"J67QY?(/L/AG3H=*@;Y52",/,_U..375&G
M%;*_Y'I4Z$(_"N9]WL=K\.U\4BYO7\0K>F-T0Q-<MT.3D`=N*[NO,/`=IXO'
MB1+[68[]K5HG5FNI.A/((4GU'IWKT^N>JO>.'$K]YT^04445D<X4444`%%%%
M`!1110`4444`%%%%`!1110`444R6188GE<X5`68^@%`#Z*Y=/B/X4D=475!E
MB`,PN!S^%=..1FFXM;HJ4)1^)6%HHHI$A1110`4444`%%%%`"453UBYEL]%O
M;J$@2PV[NA(R`0I(KR33/B=XEEU*TCGFMY(I)D5U\@#()`/-:0IRFKHWI4)U
M4W'H>T4445F8!1110`4444`%%%%`!1110`4444`<UX[\1-X=\.22PMBZN#Y4
M'L3U;\!S]<5Y9X=M;73[*7Q5JT?GQPR[+2W<_P#'Q/UR?8=36C\3M3FU7Q8N
ME1?,MIMCC`[NX!/]!5#Q3&UQKMCX8T\;DL%2UC4=&E;&]C_P(_I7;3A:*7?\
MCUJ%/EII?S:OT*]G9ZCXRU2XU'4[T0VT7S75[,?DA7LJCU]%%7)/%MMHZ_8O
M"-BML#\K7TR;[B8^HS]WZ5%XEN,SV_A+1P9+6S<1D)UN;@\,Q_'@5Z1X+\"6
MGAVW2ZNT2?4G&6D(R(O]E?\`&JG.*5Y?)%5:D(Q3FO1?YG'^&M'\;WGB"PU6
M]2\>".96<W4^WY>_RD^GM7KU%<_XS\3+X7T0W2JKW,K>7`C="WJ?8#FN24G4
MDM#SISE7FDD;[R)&NZ1U1?5C@4)(DB[HW5U/=3D5\Z37.M>)M1P[W.H7,A)$
M:Y;\E'`%$5QK7AG4<(]UI]S'R4;*Y^HZ$5O]6\]3J^H:6YM3Z-HKGO!GB=/%
M.C"Y9%CN8F\N>-3P&QU'L:\@\6WEW'XNU54NYT"W3X"RL`.?K64*3E)Q>EC"
MEAI5)N#=FCW\L`"20`.I--26.5=T<BNOJIR*\%OM3\4^,%>01W5S;VR@-';J
M=B8'4XZGOS6;HVMW^@W\=Y83,C(?F0D[7'H1Z5I]6=M]398%M?%KV/HUG1%+
M.P51U).!0CI(H9&#*>A!R#7@&J7GB;Q3'-JES'=7%G$228U/DQ#T`Z<4O@_Q
M#>Z%KMJ89G-O+*L<T.[Y64G'3U'K2^KNV^H?47RMJ6I[_17%?%:62'PDC12/
M&WVI!E&(/1O2O,=)\5ZSI-K=VUG=2EKP*H8N69#ZK[GI4PHN<>9,RI8656',
MF?0!FB$GEF5`Y_A+#/Y5)7S1=PWUO<;[V.YBF?YMTX96;WR>37I7PM\5W=W<
M/H=_.TVV,R6[N<L`.JY[^H_&G.@XQYD[EU<&X0YT[GIM)7BGQ-NKF+QK.D=Q
M-&ODQ_*DA`Z>QKOOAC+)-X+@>61Y&\V0;G8D_>]34RI<L%*^YE/#N%)5+[G7
M56U'_D&W7_7%_P"1KR'XI7-Q%XQ98KB:-?L\9PDA`[^E=;\/I99OAW.TLCR-
MNG&78D]/>ATK14KCEAW&FJE]SQR'_6Q_[P_G7TXOW1]*^85!)`'4]*[OPCH'
MBJT\5:?<7ME?QVR29D:1R5`P>O-=->"DKWV._&4U-)N5K7/8Z8T\*R"-I4#G
MHI89_*O,_B/XXNK>\?0]*F:$Q@?:9T.&R>=@/;CJ?PKA+?P_KFH6$FJP6-S/
M;IDM/U)QU(YR?PK"%"\;R=CCIX1RBI3=KGT52UXKX#\;7NEZI!I][<O-87#"
M/$C;C"3P"">V>HKL/BU-+#X8MFBD>-OMBC*,5/W6]*ET6IJ+(EAI1JJFWN=S
M31+&9#&)%+KU4'D?A7SU8>*=8TVPN[2VO956ZV[G+DLF,YVD],UM?#L7-IXD
M.JW$%Q]FCMIG>9E;:V%S]X\&K>'<4VV:SP3A%MO8]L>1(U+R.J*.['`IL=Q!
M,<131N1V5@:^>M<\0:EXGU(S7,DCAVQ#;J3M0'H`/7^=6KCP7XJTE%NCIMPG
M?=;MN9?KM.13^KV7O.S']222YIV9[;XB_P"1:U/_`*])?_037SYI7_(5LO\`
MKXC_`/0A7M5G!J-O\-9UU6:6:[:QE>0RG++E20I^@P*\.MYFMYHITQOC8.N>
MF0<BKPZTDC;!1LIH^F9)8XEW22*B^K'`IP96`(((/0BOGG5%\1:O;MK6HQ7D
MUNY_U[J?+&>F!T`_2M7X>^([W2O$5M9><[V=Y((GB8Y`)X##T.<5F\.^6Z9A
M+!-0<E*[1[C1D<#/6N5\?>*G\,Z.GV4K]MNB4BW<[`.K8]LC\Z\7-UJFJ7P8
MSW=W=N<C#,SD^V*FG1<U>]C.AA958\S=D?260*`P/0@_2OG^?Q1XABTBXT&]
MN)]CE<B;(DC`YVY/.#QUKHOA!))_PD-ZAD8J;7)4L<9W"G*@XQ<KESP;A!R;
MV/7Z1F55+,P`'4D]*\+^(-U<Q^-]12.YF10R859&`'R+[UFZIXCUGQ`MM:W$
M\TJ11K&D*$G>0,;B.[&FL.VD[CC@922E?1GT*CI(H9&#*>A!R#222Q1+NDD5
M!ZLP%>6Z;XCN?!OPW@0P-'J-Q<2I#'.I!09Y8@]AQ^)KBH+77?%NH2>4MQJ-
MQC<Y9LA1^/`I1H7NV]"881RNW*R74^B%974,K!@>A!S3J^>=,UK6_".J%8GF
M@DA?$UK*3M;V(_J*]YT?4X=9TBVU&WXCN(PP!['N/P.145*3AZ&=?#NE9WNF
M>/PH;WXP,'4'&ILQ'LA)_P#9:K^&+GS/%6I:U)AFM(+B\7=_>Y"_JU7=37^Q
MOB\)I/DB>]23(X^5P,_S-4-'MWMM1\2:2WRR-97"!<9)*,&Q^0-=>Z^2/1WA
M_P!NK_@FK\)])%_KUQJDXW_8URA/_/1L\_EG\Z]BKS?X-LATS4U'WQ,A//;;
MQQ^!KTBN6N[U&>?BY-UGY!7D?QAN2^M6%KNXBMR^/=FQ_P"RUZY7DOQBM&75
M=/O-GR20M'N]U.<?^/4Z'\1#P=O;*Y?^#ME%]CU&^*@RF18@?10,_J3^E'QC
MM(C9Z;>[0)A(T6[U4C./S'ZU'\'M2@5+_3'<+,S":,'JPQ@X^F!^='QAU*!D
ML-,1U:97:9U!Y08P,_7)_*M-?;F]I?7/Z[%'X/7+)K=_:Y.R2W#X[95@/_9J
MY;QA_P`CAJW_`%]/_.NK^#MJ7U?4+S!VQP+'GW9L_P#LM<IXP_Y'#5O^OI_Y
MUM'^*SJA;ZS*W8]D\!V4=EX,TY45098O-<C^)FYS_GTKPB^&+^Y`&`)GQ_WT
M:^@/"/\`R*.E?]>L?\J\`O\`_D(77_79_P#T(U&'^*1C@W>I-_UU/?;6QBL/
M!:VD:*$CL2"`."=G)_$YKY^M_P#7P_[Z_P`Z^BY?^1;;_KS/_H%?.EO_`*^'
M_?7^=+#Z\PL"[J9['\6?^1.C_P"OJ/\`DU</\,+&*\\9PM*JL+:)IE!_O#`!
M_#-=Q\6?^1.C_P"OJ/\`DU<+\,]0BL/&4`F946YC:$,?[QP1^9&/QHIW]B[!
M1O\`596\ST'XHV$=UX.EN#&#):R(Z-W4$X/X<UYGX"E>+QOIA0_>E*GZ%2#7
MI7Q3U&&U\)/:&0":[D540'D@')/TX_6O-?`,+S>-],"#[LA<_0*:*7\)W\QX
M;_=I7\_R+WQ1_P"1XN/^N,7\J]`^%O\`R)$'_7:3_P!"KS_XH_\`(\7'_7&+
M^5=[\+)$/@F(!P2DT@89^[SGG\*53^#$FO\`[K'Y'#?%;_D<V_Z]H_ZUV'PY
M_P"2<W'^]/\`RK@?B#JD&K>+[J:VD62&)5B5U.0VT<X_'-=]\.O^2<W'^]/_
M`"IU%:C$=9-8:*?D>/0_ZV/_`'A_.OIL?<'TKYDB($D9)P`PS^=?2\4\,L:;
M)4<.NY=K`Y'J*6*Z"S#[/S/G#5+E[W5;RY<DM-.[G/N37HFD?%/2],T>TL!I
M-T1;PK&2K+@D#D]?6O/-6M7L=7O+5P0T,[IS[$U[!X?\(^$]0\.V-\VE6\AD
MMU9Y"3RV/FSSZ@UI6<%%<R-L2Z2A'G5T>,W4L;WDTUNACC:1GC4GE1G('X5Z
MK\39C<^`]+G;K+-$YS[QL:S&UKX8J[(-"E8@XRL1(/T^:MCXKA%\'6*QQ^6@
MND"IC&T;&P*F4KSCI8SG4YJM/W6O4X7P!H]OK7BR"WNT$D$2-*R'H^.@/MDB
MO<-0L4OM+N;#[B3PM%QV!&*\>^%'_(Y?]NLG\Q7M+NL:%W8*JC)).`!66(;Y
MS#'2?M3YOO["_P!`U1K:Z1X+FW?*MTS@\,I[CWKTGPU\5X9REKK\0@D/`NHQ
M\A_WAV_#BNPO;'P_XNLS'+]EOXUX#Q.&:,^S#D5XSXS\-Q^%];^QPW!FADC$
MD>[&]021AORZ]ZU4HUO=DM3>,Z>)]R:M(]KUZ1)?"^HR1NKH]G(593D$%#R#
M7SWI\23W]K#(,I),BL/4%@#7I?@?4)[KX;ZU;3,S):1RK$3V4H3M'T.?SKS?
M2O\`D+67_7Q'_P"A"BC'EYD5A8.GSQ['NWC")(?!&IQ1J%1+4JJCH`!P*\3\
M+_\`(U:3_P!?D7_H0KV_QK_R)FK?]>S5XAX7_P"1JTK_`*_(O_0A2H?PY$8/
M^#/^NAU7Q?G+^([2#G$=KN_-C_A6E\'+.%DU*]*`S*R1*WHN"3^?'Y5G_&"W
M*>(;*XVG$MMMSVRK'_$5=^#VHV\;:AITCJLTK++&">7`!!Q].*'_``-`E_N:
MM_6I'\8K&..\TZ_50'E1XG(ZG;@C^9JI\(/^1DO/^O0_^AK5CXP:E#/?V&GQ
M.KO;JSR@=5+8P#^`JO\`"#_D9+S_`*]#_P"AK35_8:C5_J>O]:F-\0_^1ZU+
M_>3_`-`6N]^%&CVUOX>.J&-3<W4C#>1RJ*<`#TYR:X+XA_\`(]:E_O)_Z`M>
MJ_#S_D1M,_W&_P#0VJ:KM27R%B)-8:*7E^1Y[\6;HS>+(X,G;;VR@#W))_PJ
M/P1XWL/"EA<PSV$\\T\H8O&R@;0,`<_C^=2_%JT,/BN*XQ\MQ;+S[J2#_2KW
MPRT+0=<TV\74;"*YN89A@N3D(0,=#TR#5>[[%7V-+P6%7,KHY?QEX@M?$VM+
MJ%K:R6X\E4<2$$L03SQ[8_*O4?A?,TG@>V4_\LI9%'TW$_UK%UQOAUX?U)M/
MO-%+SHH9O*0L%ST!^;K77^$YM)N/#\,VB6K6UB[.4C9=IR&()ZGN#6=62=-)
M+0YL143HJ*BTCFOBIX=>_P!*CU>UCS/99\W:.3&>_P"!&?IFN(N-0D^UV7C"
MV02-N6._C':4#!S[.OZYKW1E#H58`@C!!&0:\R\0^`[[2+Z;4_#ENES:3#%Q
MIS<AE/4`=QZ=QVI4JBMRL6'K*W)+^O(Q_#VJ1^"_$@N@SR:'J:_NY@.BYR,_
M[2G@BO8H+B&Z@2>"1)8G&5=#D$?6O"87MXC+;V<\=O'(09M+U8$*&']U_7T/
MRFKUBTNFD_9!J-@N<E;75H3%TZ_-_6KJ4^;7J:5Z*J:WU/9KR]MK"U>ZNYXX
M(4&6>1L`5P&M:A:^-DFTR91:0Y1K*>089'/`,G]T/D`+][J:Y^!+[6[Q?(:X
MU"X!X<3&Y9#Z[R!%']0"?2N\\->#H],>.\ORDMTN2D:9,<)/4Y/+.>[GGTQ6
M7*J>M]3#DC1U;U/(=1\-:]HET5N+"Y1D/RS0J64^X9:-.\,Z]KER%M["Y<N?
MFFF4JH]RS5]#XI:OZS*VQK]?G;97,/PEX<B\,:+'9*P>9COGD`^^Y]/8=!7D
MWBKP[KEQXJU.:#2+R6*2Y9D=(6(8$]0:]UI*RA5<9.7<YZ6(E3FY[MF5X7AE
MM_"VF0SQM%+';(KHXP5..A%>(WWAC7VO[EET6^93*Y!$#$$9-?0E%.%5P;:Z
MA2Q,J4FTMR@\;MH#1!"9#:E0N.<[.E>#0>&/$"S1$Z)?@!USFW;U^E?0^!2T
MJ=5PO8*.(E2O9;G#?%G_`)$Z/_KZC_DU>3Z1I%YK=X;.P0/.(VD5"V-VWL#Z
MUZS\6O\`D4$_Z^T_DU<1\+/^1WA_ZX2?R%=-)M4FT=V&DX89R72YST^EZT]V
M+>XL;][@?*$DC=F_6O4/AQX*NM$:35=4B$=U*FR*+.3&IY)/N:[^EK"=>4E:
MQR5<9*I#EM8\N^)WA'4+S45UO3X'N4,82>-!EE*]"!W&/3TK@['3->GD>UL;
M2_S)\KI&KJ#_`+W0?G7T913AB'&-K#IXR4(<MKG@VJ^`-?TJ.U_T*6Z>9"SK
M;(7$1S]TD=Z]+^'&GW-GX.^RWUM+;R--)F.5"IP?8UUU+4SK2G&S(JXJ=6'+
M(^>M>\*ZKH>H2P2V4[PASY4R1EE=>QR/Y5L_#O3M8@\6V=U_9UV+8!DDD>,J
MJJ5/<^^*]KHJWB&XV:-)8V4H<K1YO\0?`-UJ=ZVL:/&))G`^T09P6('WE]\<
M8KSXKXCT^!].V:G;PR'YH`KJK'Z5]%44H5W%6:N*GC)0CRM7/&_!/P^U"^U*
M&_U6V>ULH&$@25<-,1R!CL/>NO\`BEI]YJ/ANWBL;6:YD6Z5BD2%B!M89P/J
M*[2EJ75;FI&<L3.513?0\B^&>BZKI_BOS[W3;JVB^SNN^6(J,Y'&37H_BBTO
M[_PW>V>F;/M4\>Q=[;1@\'GZ9K5I:F=1RES$U*SJ5.=H^>;CP[XET*8NUA?6
MS+_RU@!(_P"^EJ.UT37]=N_W5E>7,LAP995;'XLU?1-+6WUE]CI^OR_E5SDM
M*\,/H/@*\TQ`)KN:WE:0I_%(RD8'Z"O*M,\,Z]'J=F[Z+?*JSQEB;=@`-PYZ
M5]`TM9QK2C?S,:>*G#FTO<Q_%EM-=^%-2M[:)I9I+=@B*,ECZ"O'O#OAS7(/
M$FF33:/>QQQW4;.[0,`H##))KWBBE"JX1:%2Q$J<7%+<Y;Q]X6D\3:,@M<?;
M+5B\.3@.#U7/OQ^5>,2Z1JUE="*33[R&=6P`(FSGV(_I7TA154ZS@K6*HXN5
M*/+:Z/`[;P-XBO--N-2:QF58U#*DBGS)B2!PO7IDY/I73_"W2=3TWQ%<O?:;
M=6R26I57EB*KG<#C)KU6BG*O*2:8YXR<XN+6YXMX[T#6;SQE?W%KI5W/"Y0K
M)'"65OD`X(KTGP+;3VG@W3[>YA>&9$8-'(NUE^8]170TE1*JY14>QG4Q#G34
M&MCF_&WA1?%.DB*-ECO(#O@D;IGNI]C_`(5Y!)I/B;PU>,ZVU]9RK\IE@#8(
M_P!Y>"*^A*2G3K."MNBJ.)E37+:Z/G_2?"FO^)+X;+:<"1LR75R"%'N2>IKW
M/1M+@T72+;3;<DQVZ;03U)ZD_B235VEI5*KF*OB)5;)Z)!2445D<Q4O=(TW4
M1B]L+>Y]Y8@Q_,U1C\&^&HG#IH=D&'3,(/\`.BBFI-=2E.2T3-:*"*",1PQI
M&@Z*B@`?@*DHHI$A1110`4444`%%%%`!1110!B^*O#D?BC1_[/DN6M\2+(KJ
MN[!&>WXUA^%_APGAK6DU)=4:X*HR>680O7WS115J<E'E3T-55G&#@GH=M111
M4&04444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%
0`!1110`4444`%%%%`'__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>102
<FILENAME>g147201ka21i002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201ka21i002.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T-
M#AT5%A$8(Q\E)"(?(B$F*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_
MVP!#`0H+"PX-#AP0$!P[*"(H.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[
M.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SO_P``1"`!!`5$#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#9^).O:MI6
MLV\5AJ,]M&T1)6-L`G-<?_PF/B7_`*#=W_WV/\*Z'XL?\A^U_P"N!_F*X2N*
MI)J;U/K\#0I2PT&XJ_H;7_"8^)?^@W=_]]C_``J6T\3>++ZZCM;75KV6:5MJ
M(K#)/Y5B002W,Z001M++(P5$49+'T%>T^"O!T/ARR%Q<(KZC*O[U^OEC^ZO]
M3WIP4IO<G&5,/AH7Y$V]E9&EX;TW4-.TP+JFHRWUVYW2,YR$/]U?:L[QIXPB
M\,V8BA"RW\ZGRD/1!_>;_#O5KQ9XIMO#.FM(Y5[J4$6\/=CZG_9'>O#[Z^NM
M2O9+R\F:6>4Y9C_+V%:U*G(K+<\K`X)XF?M:B]W\_P#@&D?&7B4DG^V[ODYX
M8?X5WGP^\;7FL7C:5JA$L^PO%.``6`Z@@=^^:\IKIOAU_P`CQ8?23_T!JQIS
MES+4]C&X6BZ$FHI-*Y[C1117:?'D<Y*P2$'!"D@_A7AEGXN\1O?VZ/K5V5:9
M006'(W#VKW*X_P"/:7_</\J^<[218KZ"1SA4E5F/H`037/6;5K'N933C.-3F
M5]OU/H;4=1M=)L9+V]E$4$0RS'^0]37CVL^/M=U752VG74]G`3LA@AZGTSZD
MU#XQ\7S^)KS9&#%80L3#&>K'^\WO[=J[7X?>#(+"UAUJ\*374R!X0#E8E/?W
M;^5#DZDN6.Q5*A3P5'VM=7D]D6--L=?TWPIJ&H:OJMS+?&U=HXB_$&%)'_`O
MY5Q/AOQ5K]UXETZWN-7NI(I;A5=&8889Z'BO6/$?_(LZG_UZ2?\`H)KQ'PG_
M`,C;I7_7TG\Z*EXN*08+EK4JLYQ5_3;3H;GBWQ/KUEXJU"VM=6N888Y<(B,,
M*,"NR^'?BI]<T]K*]E,E];<EV/,B$\'ZCI^5><>-_P#D<]4_Z[?T%5=-OK[P
MSK<%XJ%)HL,8VZ.C#./H0:S51QF[['7/!TZV%BHI*5DU]Q[1XSN[BQ\)7]S:
M3-#-&@*2(>5^85PGP^\1:SJ7BN.VOM3N+B$PNQCD;(R,8-=9XKU"WU3X<7E]
M:N'AG@5E/_`AQ]17G7P^N5LO$DEV^-L%G-(<G'1<UI-OG1PX2E%X.K>.JOZ[
M([7QQX].B3-IFE['O<?O)6&5BST&.Y_E7G<FK^)=:=_],U&ZYRRQ,VT?@O`J
MI!'<:YK4<98F>]G`+'GECR:]]TO3+72+"*RLXQ'%&H'`Y8]R?4FI7-5;=]#>
MHZ670C%14I,\4L/%_B/1+L`WMP^PX>WNB6&/3!Y'X5Z]X7\26WB;2Q=PKY<B
M';-$3DHW^'I5+QEX.B\3VL9A:*"\C;Y9V7.5[J<=:J>"?!E]X6O+F6XOXIXY
MXPNR-2.0>O/XU<(SC*W0Y,35PN(H\Z7+/MW,3QQ\0+NUU"72=&<0F$[9KC`+
M;NX7TQZUR4<?B_4(QJ,?]KSIU696<C\*HZ];36>OW]O.#YB7#Y)'7+$@_B*]
M-T3XG:');16]Y'+8.B!>5W1\#'!'3\16=^>3YG8]%P^JT8NA3YK[LXO1_'NO
MZ-=`7-Q+>0J<207))(^A/(-=WXVUZ8>"H-5TB[DA\^6,I(AP=I!XJIJ/A'P_
MXSU234['6U#R*/,2WVMDCN0>?2H?&VD)H7PXM]-CF:=8;E<.XP3DL?ZU:4HQ
M=WH<DIX:M6I.,;2NKJQQ*>+?%,A(CU>^<CJ%.?Y"E_X3#Q1;R*7U>\5AR%D[
M_@172?"+_D,:C_U[K_Z%7I>H:99:G;O!>VL4\;C!#J#^1[5,(2E&]S;$XNC0
MK.FZ2:7I_D>?^$_B7+<7<=AK@C'F$*ER@V@'T8?U%>DCD5\_>)='_L'Q!=:<
M&8I&V8V/4J1D?SQ^%>P>']=5_`D&K7;[O)MR96[DID'\3BKIS=W&70Y,PPM-
M*-6BM)=#COB%XNU&V\0_8-+OY;9+:,"0Q-]YSSS]!BI?ASXLO[S6I=/U2^EN
M?/CS"93G#+U`^H_E7&:=;3^)O%$44K$R7UQND;N`3EC^`S34>X\->)=W(FL+
MD@^X!Y_,?SK+G?-S=#U'@Z7L?8)+FM?^OF?0?6O%O$_BG7[3Q+J5O;ZO=111
M3LJ(K#"CT'%>RVUQ'=VL5Q"VZ.5`ZGU!&17@GB__`)&W5O\`KY>M:S:BK'EY
M13C*M)35].I[OISM)IMK([%G>%"Q/<D"K%5M+_Y!-G_UP3_T$5:K;H>3+=GF
M?Q+UW5M*UJUAT_4)[:-[?<RQM@$[CS7(IXJ\5R+N35=0=?5<D?RK?^+?_(?L
MO^O7_P!F-:W@#Q1H>D^%X[6_U*&WF$KL4<G.">*YG=U&KV/HJ7+3P<*BIJ3]
M/7R.+_X2?Q=_T$M2_P"^3_A7?_#/4M6U&WU`ZI<7$Q1T">>,8!!SCBMK_A.O
M"_\`T&K;\S_A6MI^HV>JVBW=C<)/`Q(#IT)'6M(1L[\USAQ6(<Z3BZ/+YV_X
M!9YHI:*V/)/(_BQ_R'[7_K@?YBN&BC>:5(HD+R2,%51U)/05Z%\2;";4O%-E
M;0&-6:$Y:60(JC(Y)-;?A+0/#OAM1<RZK97.H,,&8S+M3V49X^O6N1P<IL^G
MI8R&'PD.KML6/!/@F+P]`+R\59-2D7D]1"#_``CW]36SXC\0VGAO2VO;GYR3
MMBC!YD;T_P#KT:GKJV-N)+:RNM19AE%M(RX/_`N@KR#Q3+XBU34&O=7T^Z@7
M'[J,Q,$B7T'^/>M9-4XVB>9AZ,\96YZST_K1&9K&K76N:G+?WC;I9#P!T0=@
M/851HZT5QMWU/K(Q48J,=D%=-\.O^1XL?I)_Z`U<S73?#K_D>+'Z2?\`H#54
M/B1AB_\`=Y^C_(]QHHHKT#X8BN/^/:7_`'#_`"KYNP2V`,DG@"OI&X_X]I?]
MP_RKYUL/^0E:_P#7=/\`T(5S5^A]!DSLJC]/U-35?"&JZ-HUMJ=Y$$CG.&3^
M*+TW?6NF^&?BK[+.-"O'_=3-FV9C]UNZ_0]O?ZUZ9J%A;ZG8365TF^&92K#^
MOUKP/7='N?#NLRV,Q(:-MT4@XWK_``L/\]:4HNFU*)I0KK,*<J-7XMU_7D>Y
M>(_^1:U/_KTD_P#037B/A/\`Y&W2O^OI/YUZ+H_BA?$/@34XYW'VZVLY%F']
M\;3AOQ[^]>=>$_\`D;-*_P"OI/YT5&G*+1.!I2I4:T);K_(G\<?\CEJG_7;^
M@KK?%_AK[=X.TW6;6/-Q:V<?G`#EX]HY_#^6:Y+QQ_R.6J?]=OZ"O:-"4/X;
MT]6`8&TC!!Z'Y11"*DY)CQ5:5&E0G'I_DCQG2_$1MO"^J:'.Q,5P@>`_W7R,
MCZ$#]/>F^$H7GU"^AC^\^FW`'_?-2^-?#9\.:XT<:G[)/F2!CV'=?P_EBKGP
MQ`/C*,$9!MY,_D*A7YE%G;.5/ZM.K3^UJ8OA>YCM/$^F7$IPB7"9/IDX_K7N
M^JQ2SZ1>0P`F62!U0`X.XJ<<UXOXT\,S^'=8D98B+&=RUO(.@[[?8BMW1/BK
M<65BEOJ=DUX\8"K,CA68?[6>_O5TY*%XR./'4)8I0KT=3G[SPUXKTZRDO+R&
MZB@B&7<W(./R:M?X7W,K>*)?/N)&1;5R=\A('*\\U5\6>/+GQ/`EA;VIMK7<
M&*[MSR,.@..WM4GPPB6?Q+/"_P!U[.13]"0*F-N=<IO5]K+!S=9)/R.XUW2O
M"GBR2-9-1MA>'Y(Y8)UWGT&/XOI7*:A\)M3AW-I]]!<J.BR`QL?YBN3U'3[W
MPSKI@D4Q3VT@>)\<,`?E8>HKT&R^+EB;9?M^G7"S@8;R2K*?<9(-5>$G[RLS
MF]EBL/&+PTN:+/.KNRU/P]J0CN$ELKN/YE96P?J".HKL];UZ;Q!\+H[FY`^T
M17JQ2L!@.0#S^((K`\9>*O\`A*=0BF2V,$%NI6,,<L<G))_PK6O-+N-,^$L?
MVE2KW-\LP0C!52,#/X#/XU"TYDMCKJ^\J,JJM.Z+/PB_Y#&H_P#7NO\`Z%7J
MO:O"/"7BEO"MY<7"V@N?/C";3)MQ@YST-=!??%O4)K=H[+3H;:1ACS'DW[?<
M#`_6M*=2,8V9PX[`5ZV(<H+1VZF3\2)XY_&EUY;;O+1$;'9@.1^M7M2U%].^
M%VEZ8&Q+?NTA`_YYAB>?J<5SFD:3?^)]9$$6^229]T\S<A`3DLQ_.K/C&]BN
M==:VM2?LFGQK:P#.>$X)_$YK.^CEW/05*-Z="]^75_+1?B3^"-;TOP_JTM_J
M23LPCV0B)`V">I.3Z?SJ'QEJNF:WKS:CIB3(LR#S1*H4[QQGKZ8KL]'^%NF7
M6CVMQ?3W:7,L0>18W4!2><8(JOXG^&NGZ5H%S?Z?/=236X#[9&!!7//0#M5.
M$^6QA'%X1XGG3?-MY&U\,-7_`+0\-FS=B9;%_+Y_N'E?ZC\*\S\7_P#(VZM_
MU\O6K\-]7_LSQ3'`[@0WR^2V?[W5?UX_&LKQ=SXMU7/>Y>E*5Z:+P]'V6.G;
M9J_XGNVE_P#()L_^N"?^@BK->6VOQ:>VM88!HRMY2*F?M'7`Q_=J3_A<,G_0
M$7_P(_\`L:W]K#N>-++<4VWR_BO\RG\6_P#D8++_`*]?_9C5/PU\/IO$>D+J
M*:BEN&=DV-$6Z'US5CXI2^?J^G3$;?,L@V/3))J'PS\0F\-Z,NG+IHN`KL^_
MSMO4^F#6+Y?:/F/6I+$+`P]A\7R\^YJ?\*@N?^@S%_WX/^-=QX5T-O#NAQZ:
M\XG9'9MX7;G)STKBO^%PR?\`0$7_`,"?_L:Z3P=XS;Q7-=(UB+7[.JG(EW[L
MY]AZ5I!TT_=/.Q<<?*G>O\*]/T.JHI**W/(/)/BR`=>M<C/[@_S%<'L7^Z/R
MKO/BQ_R'[7_K@?YBN$KAJ_&S[3+_`/=8>AJZ'XDU3P]<"6PN"$_B@<YC?ZC^
MHKV+POXLL?%%F6B'E7,8_?6[')7W'J/>O"*LZ=J-WI5]%>V4QBGB.0P[^H([
M@^E$*KCZ&>,P$,1&\=)=_P#,]C\2^`=+UV)Y8(TL[W&1-&N`Q]&'?Z]:\=U'
M3KO2;^6RO8C%-$<$'H1V(]0:]L\)^++7Q/8;EQ%>1@>=!GI[CU!J+QAX/M_$
MUIO3;%?1+^ZF]?\`9;V_E6\Z:FN:)Y.$QM3"U/95]OR_X!X=73?#K_D>+'Z2
M?^@-6!>6=QI]W+:7<1BGA;:Z'L:W_AU_R/%C])/_`$!JYH?$CWL4T\--KL_R
M/<:***]`^'&NH="IZ$8-<Q'\./#,4R2I9R!D8,#YS=0<^M=.S!5+$X`Y)-<9
M8^)?%GB!)K[0M(T]=.W,MO)>S,'GP<$@*.!2:3W-(5:E._(VKG:5DZUX7TGQ
M"8FU*V\QH<A&5RI`/;(KGSX^NO\`A&-9O)-,%KJNC,J7%I*V4R2,$$=01G%=
MA%=PR;$,L8F903'N&>1GIUH:3W)A.4'S1=F85IX!\/V+N]M;2H9(VC?$[X96
M&"#S26?P_P##MA>0W=M9R+-`X="9F."/QKHI)HH4WRR+&O3<S8%*DB2('1U9
M3R&4Y!I<L>QJ\16=_>>OF<[J'@/P]J=]->W=H[SS-N=A*PR?H#6_;6\=I:Q6
MT(*QQ($0$YP`,"G^8F\)O&\C.W/./7%,2X@E=DCFC=UZJK`D4TDMB)5)S24G
M=(I:UH.G:_;);ZC;^:B-N7#%2#]15/2?!>AZ)?"]L+9XYU4J&,K-P>O!-+IW
MB![KQ!K>GW*PPP::T*I*6P6WIN.<\5MJZ.H9&#*W((.0:+*]P56HH\BD[=B&
M\L;74+=K>\MTGB?JDBY%<C=_"K0)Y=\$EU:@]41PP_4&NQ6X@>4Q)-&TB]4#
M`D?A62FN3-XUDT(Q1^0E@+H29.[<7VX],4G%/=%4J]6E\$FBKH?@31-"F6XB
MA>XN%Z2SG<1]!T%6=*\(:+HE^]]86S1SNI4DR,1@G)X-:LMW"A>,2QF95)$>
MX;NF>G6LWPKK4NO>&;/5KF..&2X5F94)VKAB._TH44MD$J]65W*3UW)]6T#3
M-<A$6HVB3A?NL>&7Z$<BN6E^$VB/(6CN[V-3T7<IQ^)%=O%/#,NZ*5)%!QE&
M!'Z4YI$4J&=1N.%R>I]!0X1>Z'3Q-:DK0DTCFM(^'_A_2)EG2V:XF3E7N&W8
M/J!TK7U?1+'7++['J$1DAWA]H8KR.G2DU[6(-`T:YU2Y1WBMUR50<L2<`#\2
M*YN36_'D.FG4Y-`TTQ*/,:U6X;S@F,^F-V.U-125B95JDI<\I.Y:_P"%:>%O
M^?*3_O\`O_C0/AKX6!!^PR''K._^-;6B:U::[HMOJMJV(+A-XW=5QP0?H0:N
MQ3PSJ6AE20#@E&!Q^5+DCV+^M5_YW][*]CI5CIEJ;:QM4MHCU6,8S[Y]:P1\
M-_#`D$GV*0L#GF=SD_G73M(B8W.J[C@9.,GTIU-Q3(C6J1;<9-7``*``,`=!
M3)X8[B!X95#1R*593W!X-4H[O46\036SV:+IJVZO'<[N6DS@KCV'-7?M$/G>
M3YR>;_<W#=^5,R.:B^'/AJ"9)8K.57C8,I$[\$'([U)>^`/#NH7LUY<VDC33
MN7=A,PR3^-=%)+'$A>1U11U9C@"A)8Y$#QNKJ>C*<@U/)'L;_6:U[\[OZG+_
M`/"M/"W_`#Y2?]_W_P`:3_A6GA;_`)\I/^_[_P"-=0MQ"\C1I,C.OWE#`D?A
M4E')'L/ZU7_G?WLPM5\':+K4D,E_;/(T$8B3$K+A1]#5'_A6GA;_`)\I/^_[
M_P"-:'AG7)M<M[Z6>*.(VU]+;*$)^8(<`G/>M=;B%Y&B29&D7[RA@2/PHY4^
M@HXBM%6C-I>IS'_"M/"W_/E)_P!_W_QK3T3POI/AYYGTV!HC,`'W2%LXZ=?K
M6I+/#"NZ65(P3C+L`/UIRLKJ&5@P(R"#D&A12Z"EB*TURRDVO4=1115&)Y'\
M6`?[=M&P<&$X..#R*X2O?O$GABR\36*VUUNC>,YBF3[R'^H]JX@_!^?)VZRF
M,\9@/^-<M2E)RNCZ3`YC0A04)NS1YQ17HW_"G[C_`*#,?_?@_P"-'_"G[C_H
M,Q_]^#_C4>RGV.W^T\+_`#?@_P#(X72=5N]$U**_LGV2QGOT8=P?8U[KX>\0
M67B/35N[1L-TEB)^:-O0_P"-<)_PI^X_Z#,?_?@_XU;TWX::MH]XMWI_B)8)
M5[K`<,/0C/(K2FIP>VAYV.J8/$JZG:2\G_D;/C3P7#XCMS<VP6+48E^1^@E'
M]UOZ'M7`>`K>:T^(%I;W$3131F171A@J=C5[#8I?I#MU"6"60?QPH5!_`DTD
MFDV$NI1:B]K&;N$$)-C#`$8(]^/6M)4TVI(X*..E3I2HRU33MY?\`N4445J>
M<17$D45O)).P6)%+.3T"@<_I7":7H&OZ59+/X,U^TNM)G)F@M;Z(E0&.<*XY
MQ7>RQK-$T3J&1P58'N#U%<79^%?%7AZ-K+P]KEFVG!B8H;^`LT()S@,IY'/>
M@#'U[7KG4?"/B?3M4TF/3M6M8HFG,1W),I8;6#=3T[U+XD\%:/HW@6?5;>)_
M[5M84G74#(?.:0$$DG/Z>E:A\`W5SI&L)J&L&YU35U19;HQ82-5((55!Z5OZ
M_HK:UX8NM&6<0M/"(_-*Y"].<?A0!Q_B!M$O_$-O_;$=[KDR6"%=*M;9G$;'
MDR,00,GMFLZTBDL=$\;VUO93Z99);)+!93-EHMR')X)QG;G'TKIKKPOXAL]=
MDU70-5LXC<V\4-Q%=PEE)08##!S_`/KJ&/P)JH&LBX\0"Y.M6VRY+VX&V3&`
MRX/"@'&*`,35]('ASP,FL6MQ<S:QJ@AAGO2Q:4I(065!G`[`8JA>6UII]K!<
M>&?"/B#3=5M74I=/;D"49PPD.XY!&>W6O1=5\,1:OX430KB8H8XHU2=!RCIC
M#@?45C7'A7Q3K4,6G:_KEI)IJ.K2BU@9)9PIR`Q)P,\9Q0!1L_#.F>(?B!XE
MDU6`W,<!MPL#,1&28QR0#R1CC-94]S<>']'\3Z3I4[V\*ZI#:6VZ0D6RR@;M
MI/3J?I7H&EZ&VG:]J^I^>'74FB*QA<>7L3;U[YK/F\$07D7B"&\N-\6LS+*N
MQ<-`54`$'/)!`-`&5KW@#1=*\,W-]I4;V6IV,)GCOEE;S&91D[CGG.#^=9\N
MN7*:M<Z\H07)\)QW('\(<MG^9K7N/"WB[5++^Q]5\0VCZ8V%E>&W*SS(#]TD
MG`R.I%:K^$;>36IKIF7[%+I8T[[*%QA0V<@_3CI0!AV'P]T6X\,174R2/JL]
MN)VU$R-YPD8;MP.?7MZ5RRW;R^%/"&C2P7MS93I-/<P6(S).$<X7`(XR<GFN
MO@\*>++>Q_L./Q%;_P!D`>6LI@/VI8O[H;.,XXS4S>!)X/#^E6NGZD(-2T=V
M>UNBF5(8G*L.X(.#0!SVGK'8>*]*N/#OA?6-(@D<P7L<\)2&1#T;J>0>:N_#
M;PQ:76G0:]?R2W=S'/+]E621MEN`[#Y1TR3DY/K6S9^&=<O=;M=4\2ZG;7'V
M#)M;:TC*1ASQO;/)..E:WA?0V\.Z%%IKSB<QN[>8%VYW,6Z?C0!'XN32;G0)
M;'6;O[);7C+")`<'>3E<>^16&;'Q_HD1%KJ%AK]O&,"*ZC,4S#CC<.">O6NC
M\1Z#;^)-&FTRZ=XTDP5DC.&1@<@BL`:/\0%M_L8\1Z:8P-GVDVC>=CUZXW4`
M<UKGB:VUZRT+3[?3;^&QNI9C?:?8Q`2,8^L8Q@$9Y..U2Z:B6/BS3)O#OAK5
M]&@F8PWT<\.R&1"#ANI^8&NB?P"+71=.@TG4'MM1TV5YX;R1=_F._P!_>.X;
MC\JDM/#6O7VLVFH^)-3M;A;#<UO;VD+(F\C&]B3R1VH&<UX%\$V6N^%H]1UE
MYKN20RI:J\S%+==Q&0N?O;LG)]JFBUZ^M_AI<:5O+:O!<G1T'\3.3A3_`-\<
M_A7:^%]$;P[X>MM*><7!@WYD"[<[F+=/QK-E\$Q2>-T\0_:B(!B5[3;PTP4J
M),_0T".9O3+X4U+5TL)"'T_PW&(F8Y^8.1NY[YYK4M?AOHEUX;B=_,&J30"4
MZHSL9ED(W;LYZ9[>E;5WX4AO]>O[Z[E$EM?:>+)X`N"`&)W;OQK''A+Q6-,_
ML#_A([<Z3L\KS3;G[2(O[N<XZ<9H`P=8G^W>,!IFMV&I:_::591#RK*+*S2L
M`3*ZAORYIVFP:BEQK6G>'=-U+1K*\L&>&.^7REAN`0/D.3@,#^==/>^#[VSU
M"VU+PQ?0V-Q!:+:/%<1EXI8U^[G!R"/6HE\#7.JIJ%QXEU);N]O;<6ZFV38E
ML@.X;`>IR`>?2@#DEL=`L(]/BNM+U'PKJ\,L?_$RDC:2.1P1D-(&P0WOCK7K
MX((!!R#WKAKGPGXMU>P71]9U^SDTWY1*\-L1/,JG(!).`3@9(KN$18XU11A5
M``^E`'D-_!-=>%9K:WG:"2?Q8\:R(Q!4EB,YK<\2>%M)\+IH^I:-;FTO$U&"
M%ID<EI58X8/GKFM4>!Y!9K;_`&]?EUK^U-WE]MV=G7]:U_$FAMKUI:P+<"#[
M/>17))7=NV'./QH`YC3M#LO&'B+7+[7D^VQ65X;.UM7<^7$$`RV`>IS70^&?
M#Z>&S>6EO?/-9R2^9;VS\FV!'*@YR1Z50O/"^L6.M7FJ^&=1MK9M0(:ZMKN(
MO&6'\:X.0?6DM?!^I6^A:H@UMDUO5'$DVH1I@(01@*,\``$?C0!UN116!_8>
ML?\`0<D_(_XT4`=!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%
M%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`444
,4`%%%%`!1110!__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>103
<FILENAME>g147201kwi001.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201kwi001.gif
M1TE&.#EAR`!H`/<```(!`P8&"0<("P@%!P@'"0D*#0D(!0L-$@<*$@X1%0X3
M&1`-#A(.$102%!D5%AP:&Q86&1,0#1T>(B$='B(?(24B(RDE)BHF*2TJ*R0E
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M?(-\>)QD<K=)2KA&6*M)5;=)9;I7=;11;JQ:9L$N.<(R/<$P-,`L+<(S1,,U
M2L8Y2L@\4<$O0<9&5\A86\Y*5<E+8LA7:-19:,]9=,EF>M9C;-EH=]IT>LMN
M;^)V?>)I=]-E9JI#.+ATB81_@,AIB,IUA\MVE=IYAM1RD-)ZI>-ZANEPAH:!
M?;^!?M")<XJ%A(J'AI*-C)&+A9J5DYZ:F9F5E):1CZ*>G*6<F;J,D*6@G[.S
MCJJEHZRGI[*MJ[>QK[:SLKJUL[RYN*RMLJ*?I=V%B=F5E]"&D]B6J=B7MM2+
MIL&^O,6\N=BML^6%B>:)ENF8E^Z4EN.<M^N9I>JDG?"HGNVGI>>HN.FWM_.I
MJ/2JM/2UK?6[M/>XN.NSJ]&BF=6RQ>BVR?:ZQ>BRS.69PL7!O\C%M??$N^7$
MM<K&Q,S)QLW+RL;#P]'.R]3'Q=72S-;3TMG6T]S9UMW;VM/.UN;(RNO'V.'>
MW.O7V/C)QO7)U_G5ROC9U>K3Q_?9YN[6X^/AWNKFU_KCU?GFVOKGSN7CXNGF
MY.OIYNWKZN;FZ_'N[/OLY/OMZ_CDYOSK\_KH\_/Q[OSS[?SYZ?7S\OOU]?WU
M^OSY]OW]_?#T^>[Q\+_`PB'Y!```````+`````#(`&@```C^`/D)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+!O?AX[>/7[^.'$'N^R@2Y$21`O7M6ZDO9,>6
M`DU:E(FQILV;.'/JW,FSIT5E9"A10B2TDE%+EC9AVI1)D]-0HTY)XU8/XK53
ML*(Y>^8LVC-HT*I!DV:-;+5JU[AQ8[>Q(KZW-'W*[=D1!X"[>//JU1N@0`,,
M*TA59;@"@`$#`A`3&&"`P&$!!0X78+"@P8,*'6(H@PE1F@<,%A#-'3W7;@/(
M!0($$`!Y=8'7K%D;<$W`,`IH'',?+%P@M@`"`0@0$'`W./````8`O\O`PR:4
M"CN2`5``0(5KNDEKOVF#^N/@JF/^&X"-.G&!"'Z)4_BTL`4`]'['_W8<X''C
MQXX+))A=`(6S[`>U5(X%`C20``"5;*?@37:]!H!PPO7UV&N(]19;;^,98!@9
M"KGW6@.]19#8<?,A!Z%PB$%&G`/L,43)`+T=```'["QHHT5VS28<`/7QJ)P`
M]2&68F(I5@A``Z$DY.%XM8VWP&Q"'B;D:Q3*%@$`#IP"8$'K7-!7`0<<0``F
M6]YHYD(R``!D<E`N!F%C>$D(9&(')/#:`-<AI()AO_&8V%YX058A:_6A!@`&
MV"6$"0`+H-8``"5P=N:D"L5@&(2%LJ@,++`H8PHF99!PI8JJG4<D`#8@A`)U
M.\(Y`1G^D9111@TPD/"`ABHFMAJ(?@$@0T)='MG;:PL`(`JER"9DJ7S`U49!
M6P6E`PH)?`I):&T/5,./I/R<<.D``P0'@`D%W7./.-->265D0C9@``7M((0(
M``R,^-J5+"2;VTH,<9M0/>V8HPXWY*RS3CO^(L2"FKXU-D&-`'94SR5V@LA:
ML[61:9"W!>SHV+@"D430/<N(`".8*E((P"@'.>-`<!4.:\`"I)2I8%P1W?-.
M-[T,LPHKDDCBB2>R%$---_%`R]#""\#7V@1*'V1#``XD]N>.+AQ4`G6J`5?=
M"0GEP\\U&P"@P`'EL08`#@=9*N8!ZT(&0-8VZUM0/N-\(\S^+JL(TH8A/_Q0
M!1J"T")+-_7@W-#"(,I7W0/^)-31@*M=;!P`'="T3PY'SK<C"@IM9$H""32`
MMH5?BTW0.Q=0)X"8Y54'031V(T3/.,88\THB:O@`!!!!$&&((,0,(PXZ_%[T
M`@!PIYA:!5$?=`/#Q\T&P`:J$[0UW,-%!@#8"K6T,)6LW8E!.06=0D#'$*8\
MGJ^4MJ222/1LT\HB?H`Q1A)!`&_$&8'0!3.8<0YXV,,>*TE>12Q%GJ=%CR`=
M&85C@-2Q'H&`)OKP%MH@@P`&`*`%#0E%`,*$FC`!0`+8*,@,`H``"J:F+Y`Y
M0``>8`TS@00F[-"&+/RP!C0DH0?^0"!"$,^PAUGX@AG@2(<2TQ$.=!A0@169
M`77(AQRH,41]J('`;XBS`0QR[#4(6-\')9<;:,!M6!P,``6X01!G/*`OI4+`
M:TKEH!MLRTSS&`<R6-&&-/R0"$Q8`A.8`(="&!&)X$AD$M.!#B?&`QX)5![S
M7G-&ZSRP(+`8UAS5=+WLQ81C!U#`V62$`L41!!L*:(UK4K.!=1"$@<1!#96"
MXZ`-L%%!^JA?,0XA!A\4`0I3>(,;E``%*OS!%KX(!C.\<0QO.-,;B4P'/)R(
MP'R\Y(X3<<%[R`>D9T6''ZCXTAP1`[*"[.,$`;!3G43YO89@`P+I1$T+`4`"
M>N1&&O#^[-BP_#0L!!C`@Y202_+RN,LUJ`$+5W`"%`2YA"5\X0]&]`4P@@$,
M8`ACF=X(!S@T>HY&&A"!^[@'3?)!CW6H11S=0,=&;CB0A2D@`;(,`/08,KTS
M_L9![)%)/]")@)XFX*4``-T5^R+'T\DH$@3A3<=D5`$;="QF!$`;""Z)DWF0
MPQ5L\,$3L%`%*@1S"DH@0AZ.Z8NR[F(8PPA&,(3AC64F\AP=A4<\YN%)?KAC
M&ZYPA2,\P0I9]$(<YC!@0I9GI]<YJ`*14X@Z-$"=,"'@`.ZRP"T+XJV7VHET
M[<1F1O@QG0VVICJFR,T_&-"7]7D0!O700%_."*86XL:4%Z'^!S(<L88PA($+
M7NA"%YS`!"4HX0UYF(0M:F&+7>#B%[]8JS#8JLAP=%0><[T=.9"1#$<L@@U8
M.$,;)I$+9J1#I#%)2&%(QQH2(G8A.G#=&3%;@X/L8VL*Z&E/%1#4;W*C=9ZM
M4P`FH([<+`],!A+``I;!CYIJL@&/LN-.^H&,18@A#%?0@A>0\(4G!%,)2\@#
M(6PQW%K4`A>^R(4OA*'6`4(S'/)(<=YFNP@U9$$(0?@"\;QKKH[`=B#+"Q,E
MT4:!Q!JD'^!\K";E2+5G($2#KTF`"87J7H'818YR?!T$`!"#W%3CC?HIW0!.
MT!%G0`!,!9!OF">00B!?)'G98$7^%A(J!RI0@0Y?#:L;^#`(5<PB%[40\2YV
MX8MA`(,9;/W&-\)QC&/<XA5]2`,6BM"#'YP!$+8@X$?O8<T##L24_XV;)1."
MBA#HATI*EE&"CFPV!(CRL?55R`[DJ$G(`D`$;.Q(>L/,:@(DJ2.$#7.8PQ2`
M3N!$'\5XL""A0(>%3D$.4X`"$=[PAT$,(A"JZ/">^8S<9GX#&;Q81!_0\(4B
M]$^LA)B%,,#A1'0PTESHOD=#"J/CJ!YHIOL2B#IT$%_'/M:$+8B7O\Y9Z@0@
M8(2I-K-'/)(-'+1P@TD60`1"VQ%N9&"*:N.`OOEQ"C"_[@"H-L$[;/*-5Z2A
M"%1XPQ+^H!`'AM*!"7&@`R$(,8A9J$*XM3#N+JI]C%_0P@][X$(1K*"$)BP;
M#T:$YD:="U='VL.:T%$8\S9HP@PHK1_92`7G6!AF`3R6."4PAT),D$Y1^EM&
M^3((-C3Q@<J!V4[4N81'.E*)*;)0U-BLQP16ZUBX+0`6&-&',=:`A2,L`<-3
MF,(0%"I()N#A#XAW=B`",8L\SQP7N'C$'M#@`R(`<@E$@,(="*$+B[)5Z!N-
M*SSN0=<;M_1(=B(?!'!P@QO(X`4G"`$"`-!3UZC&.C28K'MS$("SD4[)'\P&
M-++QCW]D0@8:^'>H/TV=#;`L-]Q@K"8!8('^$F1\8((;JF?^4)&.D&,164`"
MLH_PYBYX00YS@$(QQXIX0@3B$8RW!>1I`8A%&^$)3^C"&YA@A2GD81:ZL`NZ
M(%'*Y$RAYU'V``_6E##Z$`_K4`[M(#:K@C*5,QR`L@"I%%,-4`G6%SJ\]U*G
MIF/-TQ?%H6,J8P`E8`I1DR9G)"8`P`FZT1'7(`&KU5,H`P!:0A'D<`AA0&Q.
MX`15<`1>4`=W4`=R8`13P`>(]P<L!PF,APOTAP988'F_1050L%M0P`>S8`NZ
MT(6=MU;/M%'H4$#Q<$#V4!#U8`ZR$`O$X%?B(`\=L2H60SZU81A/%1M1!B:9
M53<"@0\?L'1A$HBIT1NA1CH=@Q?^!,`!GP`Q!&$-%>`Z#B("D0-%+`@W_O8Z
M094P#/$.K,`%45!,4^`$4=`$44`%71!X_O<'>*"$B,=X@:`'W>8$%@8%3*!^
M0_`$#\5A>>:%R02&)]9$\1`/UI0/\R`/QD`,AW`(9D`\O4`.GK0J<%->IX,!
M#U`=`Z`F0](;L_<`*<00^\`!DV1U&(<`"2`!Q+$7!7`!'B`#H<"(,=$2=@$[
MDP$`FI`2(2$0F91]CO4:#(`;$M$*6""*ZA=XZ"<'<M`%43`%=#!6AX=XCP`(
M?/`%0S`$ZD=L4#"10U`$==!RM:`*'L9GG6=1S>0-@S97XS`.A+8*?I`&?M0&
MJ]`+\K#^<?'&#R;`,(/8,12`#=1@"I\P"C=`B%4GC@"@=@SA#R```$IV;S*T
M`M5`"IE`"3:``Y5`"9T0#=<@DPBQ#XP5C:GA`+I7$*O"`'4"-ZXV`Z97$/+`
M!DX03&]@D%$0!7-`!P?YEDV0!X#0!X``"`]9!SY'3.JW!&NI;$Z0!Y``"8/`
M85QH5B3&7.$0#GG#"[30!W=P!$(@!$G`","@1$\47@/Q1;$A(Q80-4AF=0<G
M4S6T$/ZPE7724S)"`Q:A/AB'-H]"+HK26'62?3.$'6?9$;R`!6_PFW(9!4\@
M!U#0!&[P@U%P!'B0EXSP"'W@!>H7!6X0!;5(G%/0!$?`!X3^``B#(%P=E@N[
M(`R_8&W?4'.TL`=G<`0\P`-5L`>T<`SR8&Z,!%(`,H&^P530TA&F$%6C-(ZM
MR1#X@`$C9&JB)"._PB\F`44(H4W:)T<`D`EUPPX>0'OB&)L`$%`-(3^'H)#!
M1`?)^01NX`90()Q0@'_,"0EH4`1<X`1'L%O(EFQ1\'<:UHK=Z6$QYPOC:9XX
M!P9-H`1'P`1V60O-!`X=570'9$WW^%Y+5W6]D0'^0@-F4V\8EQH0\!^AHUKR
M-5\!\"L2`63.P`"MA6H?T($($0JN<V_D:!UDNA#?@`5R0`=O``5R\`1.(`=1
M(`=V\);)&05]``E]4`=%(`5R\(/^3?`$PBFHRC96@0`(L]"=P]6%R/4+N_`(
M/E0$3]`$A7H'@2"2&.5<8SAZ]@!>NK$UFN0@&2`3,OAEK#6(`,`"5,4/`9I.
M/65U]*5@$V$78DE)`1`#V(`-ZO"K[*`.[!"LZO`.V6`!Y.A8HQ0`]>@0K8`$
M4_")"N4$6S`'43!XQ"F+3J`'=[`%4O`$4B"G42`%<^`%4T!^2G`'-.ILC"!_
MR$4+?X`&76`$1@`%3I"ICX!<$X51B=1$C012-B80^3"AA54^`.!T!Q&/JVI"
M&(H0ZZ!::,.:"A``MOH0^MF@]L8`$``!#]"Q#R`!$M"Q#@"R@?A8Y!A?!;`!
M:YH0KP#^HB(*!4=`KG9JJ/<JBTTP84/0<R-JIR-Z!/DW!'(`"'\`"(LG"*H0
M;;:@BM[FL^KG!C$&:65%@,J$1(P45R(%1?G0`4L'4PYB`3(!$]B0`19W;UWY
M6@>A#B$PH*$42@!0L0[Q$5]T-A:B&K>''#S"(Y7#0E`&-Z,$`+[6$*V@!5$0
MITM@!'3YEG;@!%(0!78PHG3ZB7EZIXNK!510!W6ZG4LH"(Q`?WK0!,$SHDY@
M!TV0!'<P"[CP87VVK^#@743:4<BCH/GPAX$80P!P`0EA"4@)1BT(`-R'$.I@
MCE\77Q,K&A#1$:0P'N2C:Y2D3E`6([F:O&%2.GM(1L;`!5?^&*=VD+A-L`5/
M4*+%&:X5*9SXAYU/4*Y;D%M?H(1\X`>/\`B0P`=@8`0ZJU!-,`1&H(6TL`IY
M5E85-4!(Y*GH(*H%\0XBP#P7IX<7H#CK4,`B.(ZK@7>2TA&_*P#^)E^U*A'[
MP&Y"=B&O,1PI,XCR%$.L.4L0\)4(,0YJL`3)U@36.JYTV00*A6&^I012<(M1
M\(,MBG](<`1T\`=ZH`>$``EZT`7@.HJ^%:='L`5ZT+ZJ0`NV(&(5]6<#)(;H
M@*0'@0\3NH_Z07TX$T%@M&-Z6`+Q0A!`A@T/8&H63%\!=98#<0I@:H*^L45`
M<AQ+126F,\(;C#8Y%3[Z\`H*Y;W^TJFG]=L$B0L%Q"2*<V"G@.D$78`$5.`%
M3J!R@$`(?%`'1N"SGVC(<NJS?/`(LZ`(M(`+3TR`4JQ(]J")`O$.6=Q"^^2U
M"?$.[$9"PR(CEG"V;S1?\W6A$C&!.C8G"X`Z!1`N=(NW=7BWRHN;(O"J*L$/
MXX`&<<`$PZFGAOJ66[`%Q$F1(UH'HS@$HV@$6J`%"#D%=YD'HDNH%)FSQ8D$
M7M`'B\<(JZ"+_*NZX1`/FPB.839*U8$!`G<0RG`:@<AT`9`!)JP.;S2.0CEJ
M#=$1T0"FV9<`,Y0)RG`*$ET*HU`*I!`*J"`*G-`)GR`*J<`)32&[479Q`L`R
M-Z8/K+#^!=+JN,)YIW/0O5'@6].9IPKUK2VJ!5N@6WQ`!SVJ!)^(J0IE!/>J
M!7P`")#`"/%77%$[#,PPSP[Q#N#8H`Z*`3=F8'E81P#"#1#`FG7R4T,Y<`ZQ
M/&))EO`S$:/`,*_#F@"@`JA,$.&@"$@`E\G6!2\MOJ.H4(Q[K:2(;$^`!'.P
M!4@@!0KI!IAZP^J'UW*P!4:`!MNY>-#F8;DP#+O0#.!`SQG*#_5@SV"6IAC0
MUOR0#U^DQ0'0`(DR$-@@(K'I;P=2RZ;7$9Q@-F,M0Q.@+0&K#S`1L";Q$;!J
M`2.D(DJ9)`TQ#GY0!'+I!7"Y!4Z@S88ZG7,P!]D;NELP!5+^X`1>@+Y:0)''
M:<C@*P7@?+Y]L)V,,`FST'BYL`J^(`[P(!'M4#9DF62'TA"ED"NOLSXR8D<F
M80T./8XO)2.;\!!8W'O^B2`4T1%IHFL2"RD/<0P'50?%9MR+&ZZ&VMS"V<(Y
MW07?6JVZ%:[&:<B1.Z=/P`5W8-2`P`CC_<3@&0YL7!#L(*#_7"<`<$'>N">]
M/!PRPHVZ40TB(E]?!P#][8W\\`EF$[UH@T(640QH4[*SJR6FIP_CH`@^T`2_
M.0=&:)#.;:A/<(MR4`?1G5OB.Y=;L.%*T,+6*N5?T*<C#FT>F0OBD.)<8@%(
M:8DFQ`']P@_2\`"OXQMZV+L"<0W^J12]+70@S=H0\)7:`>":%M$/[.9O9Q<`
M^>+9N4$.K.!'P_D&<*G-=GK);SG=B3T'4E"M=XK3HWC#34#7Z"><75`$=ID(
MCT#BJD`,*%X1ZO"(^J'?`<`!;-QV<!,<Y7,:Q](2UW`:I*.L#^H06DV:/E4`
MRJ!9$W$*+;[?!P`!1I;BR<`&17`$);H%=-"]=5`'>4K844`'*LW-?]W2BWN<
M3V`'""F^3F`$==`'J^[)JP`.US01ZC!WP5XGYB@"/LX/6IU]I8HY@U$-]3*.
MCT5?&L,0;;?5/A4`&/"J#L%O+<ZV7`H1X[`&/H`$""D'F&H''NH&V?N6((J=
MB<T%U5S^OE(^S=-MJ'-J!)JZN:K0"VQ^$&8\11XL(Q\`$?]5/I$A-[7,#]2`
M-JI=)U/6(@M1#A=0`!`07YAEWQCQVJ$F2F>#`#8>$?2`55G@B7'PEJ&K?AK?
M!.&J4.C'O?2*?YENKV[PTEMP!#[=R:$L#QBQ#B;P`!J0`1*0`1E@`1"P`IW!
M`0R0``SP]Y"%-A:`'=)P&A8G`%-V+#<V'8@QS!5@I1C!#N"('"PTS(9NL0-A
M#.!G!-/=!"-ZN-,LIUU0K71Z?]ZJW7:@S;*HR4O\ZACA#^[0#NXP^P:C#F/\
M$.P@#6`!#='`^]$0#<K07_AP"J8@T?^`"J5P"J7@C@E1"DO^80E&813^:!.F
MT`(M<`+8GP,Y<`(E$`/,#Q'Y@%73;:^?:*?-;:@IO[BC7[YV`*Y+D-CC&M<+
M!05N<`>]P(>UD_^AXP_\[P_]`/L`\0[?/GX%#1Y$F+`@.4=BD@2)HN5)%RA;
MDCR)8B1*E"UVI-B)TN3)'"\<N6S9HF7+$RU=CJ3)=<\@084U;=[$J7!?/YL\
M^=',J=!G4*)%C2K4=^R5F"M%GKR!$E5)%"A1[#QQ,_7)D2==4:*<TU6B'"H]
MBN#)!4[F4;9MW;Z%&_<H07WCDB7*,D:CDZI=*&YQHN3(EBY1N#C9(B7*$2D8
MI6R9LQ&.E2%G:H6S)U?S9LZ=.0/^U8?LU9XK0:!\H0)%SLHG<C@6AJ*5M9,F
M5!5'B7S$R!E!O<#E\QQ<^'#B">G=6B0&C`^G5"+[51P5RAO7&Z-(D0)ER)`H
M73D628(FC9]5P=#MTX<P_<'UQ=V_AU^PKBQ%:BY2_0*&Y1,E4Z,X"8DJUY[@
MHC&,(//""RR0.(,*-1CY99MPZ`$.I_;B(^Y"##F+)YQ>6$D#B>V&V&*C[)QP
MPH["IDAP#LCDH*B.*JC(SPOLGD@B##'86",11UQ!YIMQXEE/PX*&VO"M?8#:
M)Y]PY%D'G7J2/&J]G0X*9QM:``&#"RZ::`)`*.BH0XZ)NO/B"2K,I*(+,+[P
M`C#<GK#^PR,OK\`B"S#4\(,17'K1!IQSXKEG27[6TDD?H!*ZT,B:'%4TJ'ON
M@0><7EI9Y!!9M&&'2L_HV2891]@`XPHAE"`B#JKB@(()*)9P8D"2_'J"KR>:
MD,(-Z[KPHHLOFB"""2:<.***,_`09)))B&E&G'/0D2>>?-#[K*U]XI%'GFZ\
MZ247904YHXKQ7M%&'D<]5=(@?>BQ:Y$^U.C"""*&Z$]8Z:+P8HHNYH"B"2BD
M`-,-*$9"@@HIDHC"U2F.(*(*(HC@(>(?JOCB#(O1$"0011AIY19DD#GF&Y''
M>5*>>4X^.1^5]4%Y'GI0IB?F<68F^1MCC.F%EU9:6845/_#^L#C<(W@@X@?>
M6IE&'G2)(VA1?>3!V9$UTL#"A]*,B&J*(9Z(:@DE.HJBOX@>>T(*)[*+,PI=
M;X,-P":4&$(*)8*@.PDIM$#B33#`P`*--=9@8X\U%/%#$5844601POWHT8\V
M_-A##\GU\$*+!+>@E[8@FA"B\R2N2$,18KK);*:EJ5R7'&-$?3<++'H((@DC
MC`@LQ<"6@(**)Z:(8@H8SX2"52<LKQ6C+U*B@HJ"D2A"-RF00$*+(HK`XHLD
MIC^BB!E1&[B.*6IEF`@@'B:BB#:W:B+YN*4H0H@PU#BDE2#I06C1TT]/7;1%
M$B$UC"^%:$(0>#`$W1SA"$T0V!+^WN`U)52%"K5APD:FD+4I).][5=G(JZ;S
M!CI080IPX"`5.@A"%J&F"U,`$(I2,X2SX:@'GP-#'QJQB%ML8QSTNU\.U<6>
MA.3#939#QBT<L0@VN`X+6$@"%V8',+K-32H-M%=@A.6&";YA"G&`0VR"%P=7
M68$)7+07$[SH110]H0AT$P(2/H>&/9Q!#8-;13&TT8T*Z="..3F7>N8A#W*$
MXV/)X(4K7O&*1>P/<&P00Q:R$(8P7($+81C#%7PPR3%,<I)"F.3GKA#)*X0A
M"XE4SA[\D(A$+&*0LC#&'.5!(4=1BQ]YO&,L=U@E?>"#7>,@!SF0L0UD)`,9
MQ4B&*UK^(4AB%G.8M[A%,8#YL6^0`Y?S>&51["=+:G)&0TBJ9C;O.$WA(`D?
M-TD/-[4Y3G+:1)P_J5\YU;G.<Z[3G>^$9SSE.4]ZZK"=]<0GNN[I'@WM,Y_K
MQ(<I1C$*:)SS0NW@1KK8\0Z;P/*?Y8R&`QC@@`+$H(XWH80'ID24)1%D%#;(
MAPM>T#1^U&,&9#`*-@OBSX<61QD%L($U1```6!3D'>I`R#O:01`:/`"G;+F!
M".Q!!I0:I!T3\$!+\5F*`6B"'S0`0#'XT8D/7,`$T2BI)4!P@C+LPP438`<^
M:#"*@X0"!2B@1#OX80H6H+53-!`!/T@1"W[@`Q-C=0`+#J+^C&HH0Q3\8,<G
M*B$*X.SC&:2(AEKY<0U1D.*;):4)0^NZCVLPM!W02*A-J\$-DJI#L4K%"4].
M`0!*/`,#'?#'*1:`@E,\``/YV`0`7.",3UPC!AAXAPL64`IT6J,!*""%)911
M"@.@@`P.0`$_;""">FS`!/P@`P!>`-45'*0$%$#!"M9Q@@FXP`(QX(<E(L`"
M&Z#T$@7H@`5$4-D2_%49%S!%-3C`W5&<P@(66$$G]A$*#E3@`BXH!S\NP8$5
M;.*QH+U)*0"``@S0=!\R&(`R^$$)`&S"`Q90ZS[:$8,)O,`!IECI6@&@@G7D
M@QWI[10.`'`-,I"`'=A=QP-$H`_^:42@!0?I0`>PL8Y+#(`2_,!$`9PA@@98
MHQW4>,<#/E".4PP`P`ZX`3]$`0#A`J`#HR!%!2@0C6ML@AH6X,`S/@$`'&`C
M`C=0QRC6@6!S\H.IG!@S>%U@@&OP(Q0`L`$%GKL>&`2@`1.0AGQ*2@8...`"
MF2"`"@J""0"8@@PF>$<%7$`-`$09&PVH;M,XX(*?B&``+)"!"S8PBDQ$8`*C
MOL8`/E&0$SS`&1?X,2D`@(EG^#B\`."$06`!``Z4(08%^(`R,'"!&\""I2V=
M<JX]``!J6`(`H>"'"P@0BQ(TH,[U"*D%1O$`#V1VLOP810!(<($.?),,`:`&
M&4X0Z1?^<,/)_%`'<F="X(*@8`"Q:`<[UO%-:FR"`A08!0%6S0\2/.`9$["$
ME"OL#`"@E,+0_J8RR'R*3HA"JL]@P0($`&(VVZ04#EBU*1@P@W*(H,,%D,$^
M2.&`#5@B$MQ8@07V\0D"H*!"T;A!<$G+Z!AT8@+/C4$)CGH"?I@``)GH!`#T
MNM(-5-?.!CA!-:#!B76,PAE>C0`T*K`!;HP"`#&H!W[S<8E9,QRE31[!._3A
M#&H\8`7`4<<U],V/3%"9&YPX<,>-ZHPI[0,:-;U&)\HP"IH\`P<X<.\G"&(*
M2ZRYI)QX00ILT(YX5`(%*K`!->S,B7R4`1/\D,8).'`#%&3^XB`TV(1!?(X!
M$5R"'Y$XJP5L`&1N6Z`$"3VN"U30@$\XPP&I#Z\!2B"#R9.!`")0`0F<X8P5
M7,+DUZ"$`:JA=[CX$Q^?_4G>!5T0?#A^48]-CS[*P=>"U(,:IYA^0:I17\7N
M0QG*4$<UZH$/:'2J(,K`!";6G(]G7*(2REB2:"@#2J@I:A"%C:*^F=`'*^&A
M!"0*ATI`"&2:FFBG>S(4CG)`:;H^!,S`#H2+4J"`"P"S7$.GGZ"):>JH$`NG
M$C2=$%,7@L`$Q3.=<K`!CHLF]?#`^""(NKN!3W"`(DL(;CJV:.JG@_@`#N#`
MQ7H`&F!!%PR*=I+`'"P(1`,QJ!+^+$K`@1O`!TM0`1F@A+BSA$Y1!\)2!TJ0
M`4O`*74(!6C(A#!$"&ZPA$HX!9IPAISC@!)@!VYXK'>H!U/`AH)8AU`@!8-0
MAU-0AKQKAVLHG8N2PKBHNT^HA@H0@6AX``<@@T]0,1O`!`:(@6=8`&BCA`N@
MAA+P@$_```YX!V=;`1N`@!D(,7SHA!I0`0%PJE!H``N@`0-8`6>H@,]3!Q<@
MA0[XL5&H``O`@4_0AU#8``[P`!&`!G[(C&@`!6K@!'7(!,=KQ+B(+1N(!!@P
MAW*8`!RHJP9(@8*X`0*XAA5P@7I`.$ZHM'*(`0`8A4J0QZ?:@&\*)VQPAVS(
M@!R@!P[^F`!KR`<,6+<-V(!]R(0-D+@7B#0+@(9V,`5E<``1,(=KF(#D(HAK
MH`9R*(-IB(1GC,)L#$(!&X!0F!1^X`8*B#)V6(`7*(@Q@P51X``<L`!SB,>M
MXX`(*`5G"[0;^(`#PP<<T``-0(`2J(:1*P@1B*M-&(!3.`$R*`<\\SK@`S=>
MHP$9^$'[XP9J6(=8Z(18>$:1=(OT,#YC(PAN<(#9:X<"<$5^H,=H6(<&&(`H
MFP$`$(5UX(;IBZYGQ($2"+$I8X%8N(`1D`8#$$=^\`"_O`;7FH!JD(:&<\=!
M)(@[(X$;(#Y,6(_NTS=K6`?[$TNWJ`0".(5#62P#F#U]4('\"5B^#1`!AAJ!
M"`BT4#"`%V"'<HB%?8`J"9.!#@@Q>@P%?0"!#EB'#<"`-?NY@H`JO7J&AH,&
M`&#"??`'90B`MLP'>Z`_R;K!SX0+9:"$-2.(>B"#T02L&:"`"H@!QX,%:$N/
M4[@`!S"!5?N$VP,R)D0G:N@`"%BNZC*%6RR##8@!@G@&$7`&T+/$\%H`$[B!
M3E`N`B@!'%@!4OB$`>`M[>0G@[B&:V#$@RC$:OA.^ZN'3FF/-+,&;L@L90C/
M"UVI<B`(?'"&A-J'49@!'.B4=QB%%4"!57,&&IB^(:30!\R)1>'16>I1>G*H
4$\S.('0E*W$E)^0AT`C)X0@(`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>104
<FILENAME>g147201kwi002.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g147201kwi002.gif
M1TE&.#EAL`(@`/<```(``0T*#`D&"!$-#A,.$A42$QD4%AL7&1P9&Q84&`T0
M$!,7(2(='B,>("4B(RHE)BHF*2TI*S(M+C0]+C4R,SDU-3LW.#H[-3TZ.C8[
M,S(P-#A'+3M%,SU*-3Q".$$]/D,_0$%,-D)-.T%%/$-1.D5"0D1-04I%1DM'
M2$U*2DA/1$U42TI41E)-35-/4%-03U%:3U524E5:55E555I76%M85UU:6D]8
M4&)>76)?8&-@7V!M6F1Q6V5B8FIF96IG:&MH9VUJ:F5J:'%N;7-O<'-P;W5R
M<GEU=7IY=GU[>GAZ>&UY:W^`?+X5"KP<&;L+`X%]?<,5"LL9#,D5",H<%-,7
M"M,=%-,<&\$+`\LB&L<C&=4E&\PJ),LI)\HR)\HX.-<K)M0T*M0Y-LXL,M(Z
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MI^RHN.RVMO*IJ?*LN?.XN/"SK,"_P/2ZQ^^]T,+`O\3#P\C'QLG(Q\S+R\G'
MRL[0S=#.S='/T='1S]/8S]74T];9T]C7UMC7V-G:U]S;V\_/T-[>X-[DVMOE
MU]_@X.#?WO;&Q_7*UOG1S?K6V.O'TOG:X^'BWN+LW?+HV^3DX^;JY.CGYNGI
MY^SLZ^CGZ>KRY.[UZ>;PX_#O[OSDY/SDZ_WK[/WKY/ON\_#Q[OWPZ_+X[O3T
M\_7Z\_SU]?ST^OKX]O[^_B'Y!```````+`````"P`B````C^`/\)%.CO7\&"
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M]_OTY=_'?R]_O8P%*."`!!9(4F(&ON130?OXT]^#_;F7#WWSP><./!>:9PX\
MX($'3SK@;;.-.2)N@XV)T3DCC33/32---LQ$(]TTSBS33#(W"C><,L7LUMLJ
MK+#2FRBHB/*)D9\DZ8DGG&3B)"10/@DE)(PPH@@CAV2I92!<=LD'$WS@(:82
M2B0!Q1%'%%$$$4'X$$0/./R00P\]V$"##7C&$,,,?.[9P@DGM/`G"H2B<`((
M)1CZP:(?8&"!!8L^2H$%%$A@J:410"`!!11$(($&G&8*P:@XZ/-5#RG$D`(&
M**10`@C^*:0``@8GO&KHH1A@\`&A'R!:PJL8(`KH";D&>T$&&%S@P;(7S`I"
MK2.<T($'TW+`P0@B;+`!"2)PT(&U'6P`+K@==$!"N>BFRP*ZY[)+PKGOFB#O
MO"K<L,(*-]P`P[TKR."O#?[Z6^<+>MK`)Y]XPHD##G@NW(,/0`0AA,(X^&#Q
MFQ57;/'&/N#00Q!%!#'$$&^*3'(0$B.AA,IE,L%$RTKP`4@27_(1"!-)@&GS
M(%S:;$B70`<""-"#\,RE(8,80DC122=MR--+&_(((T\C8O75B!!R-2&,("+U
M(UAGK?4C3RMB""*/$`)VV&L;8O;39(,-MM96CXT()%9#`G?^UF?;C7?=8D-"
M""%/!Z*TVD@3$HCBBR-]M.-"!R(ST#7WK#,22-3,!YDYT_PRF7PD02;+1AAQ
MA!%%D#PRRD),W$/$"S.,YPQWSCY##3/$(`.>!M=@PYXS$"Q#"@3'D.\*+*P`
M`PO,[YNO"B*8`+T*)#`OPO7IAJ!]"!V$(&[WX6K[O;433,#!!N5S4/X$%Y3O
M`?L97/"!!<AZ<(&R&3Q:[**_%HL!LK.B5?\^\*I8G8!0*3C@LT```E41R@4Q
MH(&>:`!!&EB0!KN[TYQHT(.)Y2!V/A""#1PFA#D)`0@_"`(1C*"$TB7!=$8P
M$R#P`(C!`4(0B<AA)![Q"$E,(A+^DV"2)CRA"5&(8DFI2(4149$*)B;Q-ZQ0
M!2R6P:-F,",;S<AB-J`Q#75(!4$]&8L^(/,8R9CQC)>I3&;6F)ETP&.-Z4!'
M'-,11SFFHQSHP",V.M.-;F"C''[TXQZK40ULC,8:UIB&-:A1C41.IT7.B.1Q
M)LD,YQS'1LK(HC*2HQSB#`<6GTP&+$`)BU;L9C>\6<4J7*&*5JHB%:^$I2I,
MD0I5SM(5IA`%+HU("E'04A2SL8TI>LE+482B%+TL12A"D:10=.*9GW`F)Z8Y
MS6=N8A.8V$0F-L$)3'@3F]X,9R>R&<YR8L(2C+B$.B^QB$:X\Q*.P,0ZY:E.
M1RS"GH[^N`0YU6F)<_)S$0`%Z"4:X8AT7H(1^;R$)1;!"(`V8A'L?&A"Z:G.
M1JSS$I6HA"4LD=%*0!2C`I5G/_49SFM>DQ//;!)*.X'2;EH3I:7X!">XN8E.
MA`*ESESF,I$4"F#VDA2E*`4J;C-,6M[FE::892M-P<HDYL:5K52E5%/YFU6T
M(ADZZM&.;E3)953RJ\<!:XQ:-`U"DJ:0U;@&(D.C#=&@XS.=X2,ZU!'7=K0C
M'79=!QW;R)G,7$8?[`!L9`)[1LD\QBD)2JQB%\O8QCKVL9"-K&0GNQ@$!2@O
M=D%*7>"BE+,XQ+-A>4M@GA(6RT*%L@0RK4E,>Y71>D4P1?'^2V%`^UFG'!8C
MGB4M9T4+E-(.);:_Q4M;EO(4W/)V+G#QK5&:8A?$+F0PB%G*7W3;6;9T!;G0
M/2UFK5(3U:+VN^`-KWC'2][RFO>\Z$VO>M?+WO:Z][WPC:]\YTO?^MKWOOC-
MKW[WR]_^^O>_``ZP@`=,X`(;^,`(3K""%\S@!COXP1".L(0G3.$*6_C"&,ZP
MAC?,X0Y[^,,@#O&!O2OB$A>8Q%LQL8H-!)D5N_C%,'8L)^J$`RA,XQ_56,(.
M=L`#19A*()#@025VL@PCJ.(MK_V(*1[!CH'HXQ&3N,DUEK`$90QD&H'(1#LX
M,HT@WO@DUVB!%TO2BD*D0R;Z:`7^,UZBCV@TV<G3>+-`V#&-'Q^(,(N=[E<N
M,Q)]M,/.+4F%E4<2W8Y`1C^K=8EC3!*9C[`C$C<9(YSE[)`FKX,0B6%'I&%1
M#8I@0Q7H``D[3/,/.BM#&<^H\T">\6-FL`(6K$@.H$6,XLC&```.B$``3O"/
M50B``!!(@`",()!F("``#@@U10@!@""T!!86:(5##$$!4J,#`X=`!`6N\8]U
MK&`23+C!FPMB@Q,DX@.F."UAJO&!4*LV"3$HH:DH/5N"`/H:+O#!"PBA$4]T
M^L>)248+?.""3N.X!3,`@2<$D@H4N*`%!J<(%-9,D2`D0R#ZL,&8:\W=ETP#
M!3@(PCK^!K*,'KC`!4:@]YP+,4(<1*(E!9D!(#;"$5@<82">N+E`(L'O?S2C
M@3'H@;(YH@D[*Z,0'YD$+#PBB(L/!!L.T("CJCV21T3`Z13Q!*\%XHT9&!P;
M'D.!*(B>B'_H`P-?IH@W8K#E?UPC!:CJ>2(P<(03:.(C04#Z/Y@1,B/,P`$C
M_X<R,*#L1X@,"A)`P8!=VW&!],/Q7^F'/_C!$'[P@R#\>'SF_T$/R\\#)/*0
MQ^7_(0]QD&,@Y!`'/\@ACW^0@QSVF$D,!"`*?5C@`/I`A@`L\(]4)(`"!<%!
M`32P`)TG)!+-_D<1DR$)52`D&9.0=DB&L'2&],#@=!9("U[^GHA3".2&"J'!
MPE>Q]9)<HP1##XD^(F":+6-#"+7&1@]N`H@>F#W]`V&&/E+Q"'5[@A7_T`I)
M(!`^,`G_,`TET`_Z``+<]@@^X!$VL'0*D0@_(!":8`.+I0H?$`^M``4"D0A>
M%QG*,&84\7:>$!GMD`P<YQ$]T'^F97O%8!`E,';_``H/6!"B``+_<`^S)A!'
M``$WX0(,$'$"X0D`(($480,T.&=&@`$"\`!'T'8#$0DD*!`S``H9X0-ZUPXS
M('W_X`*C\`_H\`'5]P^P``!E]P]'@'21-@.I0!`M@(7W,`/HH`\T$&K7-FM0
M0`0?H84",0T?0(0"P0PI@'_H50_^=@`'K<<+?O`/_&`';.`+:C`'_E`/;L`+
MI.<&;^`+98")XN`&OO`/XE`&LD`1PU`&:N`%ON`+8H`&92`&LH`/_\`+9>`%
M8B`&;R"*;N`%8Q`+_J`&81`&9<`%M<`/9O`%R/@%X1`1\K"+7``'_^`'7=`%
M8&`&W_`/:<`%8M`%8I`&8J"-XB`3-A``2!`(!B`!_\`*!5`!HA`$`U`"_X`-
M#%`!H[``%`!HCP``-S<``F```@``=R<*`8!K/3@008"$9C<#:5=J4#`#\?`/
M.<!M_V`*]H<0.)`$UF`#0]![']-IL/!"1?"0V``%1@`()^!%FF`$B=!DJ@`%
M_3<0A)#^`NGV#ZA0`/[V"(IP#^A0"(#@=.CP")$0:J+0`$=6$,U0`I/P9LT0
M:J2Q=_IP!!C0::T0?2`Q"0;X#X"`=*V`@?]@`Q=7"'I'$3Z`=0+1#BA@&BT@
M?<L`"M"P9NC`#$F%$-,@"L\P9[\A$/'`;?Y09]X@$.AP8^@`"GT9C\H`"SL!
M"RUP@'CP#]Y``<TP$D$P@!XQ#:K0E/K@#<60=M60"J51EJ<P#3Y`"68'2MU@
M#1]1!,0&"XIW@`=@!,I0$*F0`NS0&1XA"A20`C_6"BX`"!5X92`0`58V$3VP
M"D"1CS/P$8"`?SFPA`,1`]*'`P80"8_)A0@1!&F(#2YP`B_^]P^%<(,#T0,%
M``@WQ@P@@!"1\(8_AH"`9@H"``*!`'#_,`DQ8"K^\`&M>95SU@)ON(*298Q3
M,`SUX`590`_$$`5K(`]F$`7#0`M54`;WT`M5``?TX`5A0`^V,`5?,`^T(`6_
MP!2\8`6X^`U^8`5?0`<)^@WAD`5C0`=WP`5G\`]R0`5MH`?C\*$S^@52(`OU
M$`9CH`MLT`2Y0!&V0`5I\`OC\`U;<`:_L`=7X`;8J`6[0`=.0`;"L`8**HX(
M@``*\`%KE@H&T```(``.,':%4`!&X`\@4`#$.1")```#B``0\`R/(`!!X`\5
MT`"IP`R6A0,(J0\U()%E^0/SZ0_^+3"8JI`#"I$#%/`#0Z`/S\"EA<![?/``
M?)=N*9`$SW`$$L`/B=`#SP`%SM8#(#!H`V$*+>"!L/``R>`)-ND-)P`%K(`"
M*A@#FI`(,>`/J1`!,SF(Y99N/[!P@_,/:7D$U18),R`*/;"="N$)0_B'#!`#
M!W!W__`(!C`###"8%,&G&1$$GA`/)5`0B7"I.(``TPJ%%B`(_U`,-@`%/X`.
M[5`#*G1SL("!Z%"(+A!J.2`)T^`"@C`#2T<HB3!KR?``/F`!`9F8(N$/*``-
M'D$(+7`$)0!\J^``>(`!;^@))>!W*?`/SP`"(Q.M_U`G1_``B#J9&.`/1L"&
M(/<(*)#^;JIP`#.0`CA`:=<0;3[P9CB0"OYPKP2!`IK@`\29$SFPJS`)`,?I
M9(4`E4.0"'T9?&%($6?G#,I'`9I0"!@`"^B``PDQ"?8GK*,0"6DH";U9A!*@
M"IS0;@(W$*I@@`C1`B]9$.A@`8GP#*;S=!3P98```LP`"^:6$*`*7\2P!6Y0
M!V`P!GZ`!EU@#/]`#%F@!F4`!ESP!V@`!N/P#W5@!;9@!F'0!7I0!B]*$<&P
M!:$8C5(P"_\P#%'P"K5@!7OP#_/0C?)@B^0P%F]`!<?P#[+0!*^`#U[`!O\`
MH4'*#_3P#VZP!;L@$+5`!;KP#\?`!6;`#VC`!?U`"[K[#V_^$`7`H&XH80,)
M(`,14`$WIHX4$`FFP&T+R``-H`$-T`!=6Q#,-H`%\`$X%@!)H`X'H+489XA=
M689F5P/8^ITSYP,,^P^B(`3A=W<%`0@.,`0V\`#Z$`D>F`J:4`Q;MW;KD`(H
M``4]`(1&,':(@6[K@(&@4(&J,`!&H`@20`C,@`"%H`@,``OM@+\<H0H8<`]&
ML'"%T'\VT`R:X($1<`2M$`02<!6:<)6ELPZ1H'CZX`*>H`Y"0&P<H:T<T0HX
MT`IEAPX2<&/80`'36H&:$`/"RK!-U@,>^`^R^@P8J`X8\`\^H`G>4)XT4`+6
M\'#_$`-K6A&I\`'*L`IBU@KE!Q7^"GMQ-\$.)V`:JP"$IK#&23!_%'!DS,!K
M,^"!_?`!GJ`*6Y<$+@`5-N`)-&`:FI#)C(F!HH";Z$!O/2`*_C"SK*D)K5`!
M>H<'`]B%'I$#;U@1^<B5`L$/T/`,0=`*UT"?(>O!`\$.$M!I,R@0\LD.-H`0
M@%`$`>ALA9"&D?"``Q&'`D$#CX"`";$DWSFVR,R5[%`";S8#>G=V7Z8*Y1F`
MX@Q?_B`'8``&:4"X8-`&!`&,6:`':@`&6T`'`A$.80`&7:`+:0`&8:"X_(`+
MIAL,62`,`N$'5&`'_$"]M4`,36`&X*#0:>`/9@`&NB`/_M`'5B`+W^`&.5H/
M8."[O3#^!;5@O6CP#WT@!7$@#-[P#500![XP!U+P!AH-!O9`"ZE+O%4P##)Q
M:Z*@"``@OZD``!9P$ZD@`!*0!$<@!`?0`$T&KOKX#P%0`?^P#%=MGZ/0"B@[
MIA#HA?WK#06A"8H@$#B`=$4L$#50=@AA`UAH*H]0J'/Y#Y2`KJ"@"<JPFM-P
M`NM0`HF`#<5P9!U,$=/`"0+1@NJ0F*#`AZ(@`:E@"H+9"A(`"JH@"NMP#3-P
M$Z;P9B?`#$:`A=%<Q\J@"4G@#P^@":P-"@S1"J8B?P8AJPFI#X0H$,KPK1PQ
MEG[A*J$6#4MM=B?@#X\P<YX`QB@@9RY`@T.@"<N@M>R@@\K^T`-$X($GX`)#
M0`1WUP,4QQ&QJ=;]]P'29EE(0,T#@0Y`X)<ML'\8F`@X<`T4@(<VP`X60'%0
M,`F)X&P$C(%$3`%0#`4;66I@;`I:NQ.)P`"GX`D6<'%#\`&G8P-KW`H#\`BK
M@`&`L!,V4,L4@7RX3!%)@']RS1,GT&D?X'2@H'@?0&HIL'`8$`2CG`*F$0GZ
M+1`E,),_0`CZ(`'+(!!$\&6/T.'?+!#J``(CIPG#C7$?L./_X`F)J0\EL'#Q
M-0Q;8`7"$`Y;,`:W*Q##(`5?T`^\4`5C``X)`0=30`;]4`M5\`4%\0U3(`7@
MP`M8$`P-?>5C(`5B0`[^"09:4`7^+^H+6;`%5.`+\C`&4V`%4YX']*`%*/T$
MN<`/7D`%]"`/9^`$6)"+LI`%4Y`%9R#F:^`$]E`+C.X/;W`%UQ@32?``JJ`/
M,8``S<$`,P#,2!``>D>H!9!VR.>!!<!KTV``Q-8*!0``$J`/)P``,Q?%XXUQ
M.#"8RV`!A6`$)3!R&5<(0U`#\$FK":$..;`*D;"1>."!10V1%D<##.`/G3H-
MB>"!/B#,!R@!D2`*[78-O"8)-""&*.`)Z#`$^M<"SR#:>P?&`X$GTU`(\%@(
M/<`.,V"`*+`,^1VR_><)ROH/)0`%\0`(VQDG[/`(&WL/-<X./6!\`X$#9)D0
MA<``&/?^Y$M^`-PY@)*PQD6`A2I("?,WAH2$`?K0#$=N`P>P94,P@'=Y`CYY
M$ZCP`?J`#1AP9)Z``6!=@WA($>C0`H6P9=7@"=&]=),P[J(P[X4P[R=@@*G`
M>T!P<^@0G<E@`2.'*B!Q#Q$@?<Q0`5:F"3=W])*Q;*:#`P0@"HTY=#$`ET!@
M!$30`"=9$3E+&/GH[QR1#'96$.+G$2"/E2AP#7_=?W#2#I$@SNPP0X4``A90
MEX4PX_^P\LL`"R6P9H7@`L[@L`7A"0$0?:JP%^J-!\U@!/U7LX\Y$)I0XQA[
M9$?0M?'%#WY0!_/@#W-P"U]A!T$J#G.PO`,1#G7`T.)0!QW^^@^(J`?]H/SA
M^`]VL`5[D(AB+HIZ8`<(G;VG:PMZ(.;&(`NW(`RS,`[^<`NW*P[I_P_!$*2N
MFPNS(.;](`RZ\`N/]P_?H+CR\`L`,>^?.&/V_AU$F%#A0H7ZUOG[IP^=/G\3
M$ZJ[IN\?1'W3-!YD]VS=OV?8-C+S=I`9*&;_IHGZF-"CPFH0#TXK%$D=0FR`
M/,4\V.I:PFM'"J$C^>P?NFG_UA4"-,D41$U&H*1L93)ALR!!E*H3]8]96)=!
M>BC2R&R(#T]+VR)<=R1&D*;QDN``Q.Z?3EAAT1GIT2-9PFI!;!BY=Q"=X1B#
M_R7KX</(2(4VE#&L)@DA,Q<^?MC^^"=JU#]31_YYZQ'#ASI_26+4(`O(!@Y5
M01\I[M'"1;%_1IKZZ]$.H;(6/FI$0JC*A8T9.=@QPX$0XM\6*5($^N<)Q1`<
M,?X5`_1/$Z'',WHT/QVC!8X/J?X%>F'D1!*&!SU1_G>*>0R3Q3#XP"$(_!!B
MQS10H-@(HE9J0P@*:!;J896-$A(%@T+J6VB2EA3J(9&(H&AAAMLB.B+`IA)*
MQK$@;K/I'TEF@P4A2&SH@9J-`!'"""&4T`LA;Y(8HA"(GB$K(55^(,(Q3U+"
ML$DGGX0R2BFGI!*A/ZS0I4HMM^2R2R^_!#-,,;ML4:$R#Z(H(7\28ZB%&,]<
MR!\FZ^O/J,5KD.)I0#6?^<BF5:)+2*)XS)SF1",T80B=9/!;9QI_;(+H4329
M8<<F?9+9R29LAH(3PSH1<@B=G:2;$%(S)T15H1C<B]/+1WR84!^@4J4UHA.T
M&C-777<5$\Y.6_W'CRINH3528`_Z%4I?>646PV2;)=5)4Z55%MI<6<'36BKO
MK%*96;5\5ELP4YES3'9,X5(?!JLT5EQWW]U5GF_X@;=>>^_%-U]]]^6W7W__
C!3A@@0<FN&"##T8X88479KAAAQ^&.&*))Z:X8HLOMC8@`#L_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
